Amplify Small-Mid Cap Equity ETF
  
Schedule of Investments
  
June 30, 2025 (Unaudited)
  
   
COMMON STOCKS - 94.8%
  
Shares
    
Value
 
Consumer Discretionary - 8.9%
        
Bright Horizons Family Solutions, Inc. (a)
    
142
    
$
17,550
  
Columbia Sportswear Co.
    
174
      
10,628
  
Duolingo, Inc. (a)
    
18
      
7,380
  
NVR, Inc. (a)
    
4
      
29,543
  
Pool Corp.
    
34
      
9,910
  
Texas Roadhouse, Inc.
    
104
      
19,491
  
Visteon Corp. (a)
    
152
      
14,181
  
             
108,683
  
                 
Consumer Staples - 3.7%
          
BJ's Wholesale Club Holdings, Inc. (a)
    
182
      
19,625
  
Casey's General Stores, Inc.
    
50
      
25,514
  
             
45,139
  
                 
Energy - 5.6%
          
Devon Energy Corp.
    
458
      
14,569
  
Matador Resources Co.
    
552
      
26,341
  
Range Resources Corp.
    
652
      
26,517
  
             
67,427
  
                 
Financials - 17.7%
          
American Financial Group, Inc./OH
    
208
      
26,252
  
Jack Henry & Associates, Inc.
    
78
      
14,053
  
Markel Group, Inc. (a)
    
16
      
31,958
  
Pinnacle Financial Partners, Inc.
    
446
      
49,243
  
Stifel Financial Corp.
    
336
      
34,870
  
Stock Yards Bancorp, Inc.
    
324
      
25,589
  
Webster Financial Corp.
    
616
      
33,634
  
             
215,599
  
                 
Health Care - 11.6%
          
BioLife Solutions, Inc. (a)
    
468
      
10,081
  
Bio-Techne Corp.
    
348
      
17,905
  
CRISPR Therapeutics AG (a)(b)
    
232
      
11,284
  
Exact Sciences Corp. (a)
    
120
      
6,377
  
IDEXX Laboratories, Inc. (a)
    
30
      
16,090
  
Insulet Corp. (a)
    
22
      
6,912
  
Merit Medical Systems, Inc. (a)
    
170
      
15,892
  
Repligen Corp. (a)
    
172
      
21,393
  
West Pharmaceutical Services, Inc.
    
158
      
34,570
  
             
140,504
  
                 
Industrials - 20.7%
          
AAON, Inc.
    
158
      
11,653
  
Applied Industrial Technologies, Inc.
    
110
      
25,569
  
BWX Technologies, Inc.
    
176
      
25,355
  
Carlisle Cos., Inc.
    
72
      
26,885
  
Copart, Inc. (a)
    
216
      
10,599
  
Curtiss-Wright Corp.
    
92
      
44,947
  
HEICO Corp.
    
88
      
28,864
  
Kadant, Inc.
    
58
      
18,412
  
Old Dominion Freight Line, Inc.
    
136
      
22,073
  
Trex Co., Inc. (a)
    
198
      
10,767
  
Watsco, Inc.
    
60
      
26,497
  
             
251,621
  
                 
Information Technology - 18.1%
          
Badger Meter, Inc.
    
82
      
20,086
  
Clearwater Analytics Holdings, Inc. - Class A (a)
    
566
      
12,412
  
CyberArk Software Ltd. (a)
    
44
      
17,903
  
Fair Isaac Corp. (a)
    
10
      
18,280
  
MKS, Inc.
    
170
      
16,891
  
Monolithic Power Systems, Inc.
    
54
      
39,494
  
PTC, Inc. (a)
    
150
      
25,851
  
Q2 Holdings, Inc. (a)
    
152
      
14,226
  
Trimble, Inc. (a)
    
236
      
17,931
  
Tyler Technologies, Inc. (a)
    
62
      
36,756
  
             
219,830
  
                 
Materials - 8.5%
          
AptarGroup, Inc.
    
156
      
24,403
  
Eagle Materials, Inc.
    
156
      
31,529
  
Royal Gold, Inc.
    
88
      
15,650
  
RPM International, Inc.
    
98
      
10,764
  
Steel Dynamics, Inc.
    
164
      
20,994
  
             
103,340
  
TOTAL COMMON STOCKS (Cost $1,146,032)
      
1,152,143
  
                 
REAL ESTATE INVESTMENT TRUSTS - COMMON - 4.5%
  
Shares
    
Value
 
Real Estate - 4.5%
          
Alexandria Real Estate Equities, Inc.
    
200
      
14,526
  
EastGroup Properties, Inc.
    
136
      
22,728
  
PotlatchDeltic Corp.
    
438
      
16,806
  
             
54,060
  
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $65,591)
      
54,060
  
                 
SHORT-TERM INVESTMENTS - 1.6%
          
Value
 
Investments Purchased with Proceeds from Securities Lending - 0.9%
  
Shares
          
First American Government Obligations Fund - Class X, 4.25% (c)
    
10,913
      
10,913
  
                 
Money Market Funds - 0.7%
  
Shares
          
Invesco Government & Agency Portfolio – Institutional Class, 4.26% (c)
    
8,966
      
8,966
  
TOTAL SHORT-TERM INVESTMENTS (Cost $19,879)
      
19,879
  
                 
TOTAL INVESTMENTS - 100.9% (Cost $1,231,502)
      
1,226,082
  
Liabilities in Excess of Other Assets - (0.9)%
      
(10,612
)
TOTAL NET ASSETS - 100.0%
          
$
1,215,470
  
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.
  

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of June 30, 2025. The fair value of these securities was $10,944.
(c)
The rate shown represents the 7-day annualized effective yield as of June 30, 2025.


Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
 
Amplify Small-Mid Cap Equity ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
    
1,152,143
      
–
      
–
      
1,152,143
  
  Real Estate Investment Trusts - Common
    
54,060
      
–
      
–
      
54,060
  
  Investments Purchased with Proceeds from Securities Lending
    
10,913
      
–
      
–
      
10,913
  
  Money Market Funds
    
8,966
      
–
      
–
      
8,966
  
Total Investments
    
1,226,082
      
–
      
–
      
1,226,082
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
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 June 30, 2025, 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.