Amplify Weight Loss Drug & Treatment ETF
 
Schedule of Investments
 
December 31, 2025 (Unaudited)
 
   
COMMON STOCKS - 97.7%
Shares
 
Value
 
Health Care - 97.7% (a)
     
AbbVie, Inc.
   
575
   
$
131,382
 
Amgen, Inc.
   
575
     
188,203
 
Arrowhead Pharmaceuticals, Inc. (b)
   
1,663
     
110,407
 
AstraZeneca PLC - ADR
   
1,424
     
130,908
 
Chugai Pharmaceutical Co. Ltd.
   
3,400
     
178,801
 
CSPC Pharmaceutical Group Ltd.
   
104,000
     
112,638
 
Eli Lilly & Co.
   
339
     
364,317
 
Hanmi Pharm Co. Ltd.
   
81
     
25,415
 
Hims & Hers Health, Inc. (b)
   
2,699
     
87,637
 
Innovent Biologics, Inc. (b)(c)(d)
   
13,000
     
127,353
 
Jiangsu Hengrui Pharmaceuticals Co. Ltd. - Class H (b)
   
3,200
     
29,293
 
Merck & Co., Inc.
   
1,239
     
130,417
 
Novo Nordisk AS - ADR
   
6,805
     
346,238
 
Pfizer, Inc.
   
5,307
     
132,144
 
Regeneron Pharmaceuticals, Inc.
   
244
     
188,336
 
Roche Holding AG
   
317
     
131,322
 
Scholar Rock Holding Corp. (b)
   
1,045
     
46,032
 
Shionogi & Co. Ltd.
   
7,300
     
132,312
 
Viking Therapeutics, Inc. (b)
   
1,450
     
51,011
 
Zealand Pharma AS (b)
   
839
     
61,531
 
TOTAL COMMON STOCKS (Cost $2,839,192)
     
2,705,697
 
                 
SHORT-TERM INVESTMENTS
 
MONEY MARKET FUNDS - 1.2%
Shares
 
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (e)
   
34,566
     
34,566
 
TOTAL MONEY MARKET FUNDS (Cost $34,566)
     
34,566
 
                 
TOTAL INVESTMENTS - 98.9% (Cost $2,873,758)
     
2,740,263
 
Other Assets in Excess of Liabilities - 1.1%
     
30,214
 
TOTAL NET ASSETS - 100.0%
         
$
2,770,477
 
                 
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.
 

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
Non-income producing security.
(c)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $127,353 or 4.6% of the Fund’s net assets.
(d)
Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of December 31, 2025, the value of these securities total $127,353 or 4.6% of the Fund’s net assets.
(e)
The rate shown represents the 7-day annualized yield as of December 31, 2025.


 
Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Amplify Weight Loss Drug & Treatment 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 December 31, 2025:
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Investments:
                       
  Common Stocks
 
$
2,705,697
   
$
   
$
   
$
2,705,697
 
  Money Market Funds
   
34,566
     
     
     
34,566
 
Total Investments
 
$
2,740,263
   
$
   
$
   
$
2,740,263
 
   
Refer to the Schedule of Investments for further disaggregation of investment categories.