Amplify Junior Silver Miners ETF
  
Schedule of Investments
  
December 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.9%
  
Shares
    
Value
 
Materials - 99.9%(a)
        
AbraSilver Resource Corp. (b)
    
1,838,953
    
$
2,992,039
  
Adriatic Metals PLC (b)
    
5,632,141
      
13,599,825
  
Aftermath Silver Ltd. (b)
    
4,935,125
      
1,458,370
  
Americas Gold & Silver Corp. (b)
    
5,868,371
      
2,205,921
  
Andean Precious Metals Corp. (b)
    
820,859
      
639,245
  
Artemis Gold, Inc. (b)
    
2,255,063
      
21,559,669
  
Avino Silver & Gold Mines Ltd. (b)
    
3,061,192
      
2,696,910
  
Aya Gold & Silver, Inc. (b)
    
3,226,199
      
24,092,183
  
Boliden AB
    
379,333
      
10,659,809
  
Chesapeake Gold Corp. (b)
    
275,881
      
163,050
  
Cia de Minas Buenaventura SAA - ADR
    
3,323,382
      
38,285,361
  
Coeur Mining, Inc. (b)
    
13,343,775
      
76,326,393
  
Copper Fox Metals, Inc. (b)
    
1,875,547
      
326,023
  
Dolly Varden Silver Corp. (b)
    
3,413,860
      
2,278,755
  
Endeavour Silver Corp. (b)
    
11,178,812
      
40,914,452
  
Falco Resources Ltd. (b)
    
2,592,209
      
531,707
  
First Majestic Silver Corp. (c)
    
13,535,829
      
74,311,701
  
First Mining Gold Corp. (b)
    
12,949,922
      
1,080,511
  
Fortuna Mining Corp. (b)
    
7,542,803
      
32,358,625
  
Franco-Nevada Corp.
    
226,546
      
26,639,544
  
Fresnillo PLC
    
3,818,484
      
29,721,690
  
GoGold Resources, Inc. (b)
    
4,282,866
      
3,305,508
  
Guanajuato Silver Co. Ltd. (b)
    
6,097,415
      
720,735
  
Hecla Mining Co.
    
15,885,647
      
77,998,527
  
Hochschild Mining PLC (b)
    
5,046,150
      
13,524,317
  
Hycroft Mining Holding Corp. (b)(c)
    
868,376
      
1,919,111
  
IMPACT Silver Corp. (b)
    
3,303,095
      
482,304
  
Industrias Penoles SAB de CV (b)
    
1,867,087
      
23,831,619
  
KGHM Polska Miedz SA
    
221,610
      
6,169,842
  
Kingsgate Consolidated, Ltd. (b)
    
1,769,991
      
1,408,216
  
MAG Silver Corp. (b)
    
2,673,931
      
36,365,462
  
Manuka Resources Ltd. (b)
    
5,708,351
      
98,961
  
McEwen Mining, Inc. (b)
    
1,003,830
      
7,809,797
  
Osisko Gold Royalties Ltd.
    
1,889,974
      
34,208,529
  
Pan American Silver Corp.
    
1,184,389
      
23,948,346
  
Panoro Minerals Ltd. (b)
    
1,668,480
      
371,237
  
Paramount Gold Nevada Corp. (b)
    
825,074
      
282,175
  
Royal Gold, Inc.
    
90,440
      
11,924,514
  
Santacruz Silver Mining Ltd. (b)
    
3,528,337
      
674,658
  
Seabridge Gold, Inc. (b)
    
2,755,267
      
31,437,597
  
Sierra Metals, Inc. (b)
    
496,577
      
290,032
  
Silver Mines Ltd. (b)
    
50,792,487
      
2,452,953
  
Silvercorp Metals, Inc.
    
7,556,081
      
22,668,243
  
Skeena Resources Ltd. (b)
    
2,015,635
      
17,518,730
  
Sombrero Resources, Inc. (b)
    
585,867
      
71,573
  
SSR Mining, Inc.
    
3,174,367
      
22,093,594
  
Trevali Mining Corp. (b)(d)
    
967,999
      
0
  
Trilogy Metals, Inc. (b)
    
1,848,427
      
2,144,175
  
Triple Flag Precious Metals Corp.
    
1,717,347
      
25,828,899
  
Tudor Gold Corp. - Class A (b)
    
2,507,191
      
1,202,866
  
Volcan Cia Minera SAA (b)
    
14,566,849
      
806,491
  
Western Copper & Gold Corp. (b)
    
2,482,391
      
2,606,511
  
Wheaton Precious Metals Corp.
    
960,787
      
54,034,661
  
             
831,041,966
  
TOTAL COMMON STOCKS (Cost $806,398,945)
      
831,041,966
  
                 
SHORT-TERM INVESTMENTS - 7.0%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 0.4%
                
First American Government Obligations Fund - Class X, 4.39% (e)
    
3,197,684
      
3,197,684
  
                 
Money Market Funds - 6.6%
                
Invesco Government & Agency Portfolio - Institutional Class, 4.42% (e)
    
55,001,123
      
55,001,123
  
TOTAL SHORT-TERM INVESTMENTS (Cost $58,198,807)
      
58,198,807
  
                 
TOTAL INVESTMENTS - 106.9% (Cost $864,597,752)
      
889,240,773
  
Liabilities in Excess of Other Assets - (6.9)%
      
(57,685,109
)
TOTAL NET ASSETS - 100.0%
          
$
831,555,664
  
two
      
–
%
Percentages are stated as a percent of net assets.
      
–
%
   
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
  

AB - Aktiebolag
ADR - American Depositary Receipt
PLC - Public Limited Company
SA - Sociedad Anónima
SAA - Sociedad Anomina Abierta
SAB de CV - Sociedad Anónima Bursátil de Capital Variable

(a)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
Non-income producing security.
(c)
All or a portion of this security is on loan as of December 31, 2024. The total market value of these securities was $3,134,218 which represented 0.4% of net assets.
(d)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of December 31, 2024.
(e)
The rate shown represents the 7-day annualized effective yield as of December 31, 2024.

Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)
 
Amplify Junior Silver Miners ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of December 31, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
830,970,393
    
$
71,573
    
$
–
(a) 
  
$
831,041,966
  
  Investments Purchased with Proceeds from Securities Lending
    
3,197,684
      
–
      
–
      
3,197,684
  
  Money Market Funds
    
55,001,123
      
–
      
–
      
55,001,123
  
Total Investments
  
$
889,169,200
    
$
71,573
    
$
–
(a) 
  
$
889,240,773
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were [no] transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year’s annual report.
  

(a)
Amount is less than $0.50.


Allocation of Portfolio Holdings by Country as of December 31, 2024
  
(% of Net Assets)
  
Canada
  
$
499,938,568
      
60.1
%
United States
    
248,743,121
      
29.9
  
Mexico
    
53,553,309
      
6.5
  
Peru
    
52,616,169
      
6.3
  
United Kingdom
    
13,599,825
      
1.6
  
Sweden
    
10,659,809
      
1.3
  
Poland
    
6,169,842
      
0.7
  
Australia
    
3,960,130
      
0.5
  
Liabilities in Excess of Other Assets
    
(57,685,109
)
    
(6.9
)
   
$
831,555,664
      
100.0
%

Secured Borrowings (Unaudited)

The Funds adopted guidance requiring entities to present gross obligations for secured borrowings by the type of collateral pledged and remaining time to maturity.

As of December 31, 2024, the Fund had loaned securities and received cash collateral for the loans. The cash collateral is invested by the Securities Lending Agent in accordance with approved investment guidelines. Those guidelines require the cash collateral to be invested in readily marketable, high quality, short-term obligations; however, such investments are subject to risk of payment delays or default on the part of the issuer or counterparty or otherwise may not generate sufficient interest to support the costs associated with securities lending. The Fund could also experience delays in recovering its securities and possible loss of income or value if the borrower fails to return the borrowed securities, although the Fund is indemnified from this risk by contract with the Securities Lending Agent.