Amplify High Income ETF
 
Schedule of Investments
 
July 31, 2021 (Unaudited)
 
             
Description
 
Shares
   
Value
 
             
INVESTMENT COMPANIES - 99.3%
           
Equity - 9.3%
           
Aberdeen Total Dynamic Dividend Fund
   
1,232,407
   
$
12,693,792
 
BlackRock Enhanced Equity Dividend Trust
   
666,644
     
6,813,101
 
BlackRock Enhanced Global Dividend Trust
   
286,552
     
3,553,245
 
John Hancock Tax-Advantaged Dividend Income Fund
   
171,565
     
4,320,007
 
Liberty All-Star Equity Fund (a)
   
1,717,236
     
14,510,644
 
             
41,890,789
 
Fixed Income - 90.0%
               
AllianceBernstein Global High Income Fund, Inc. (a)
   
1,039,310
     
12,877,051
 
BlackRock Corporate High Yield Fund, Inc.
   
703,070
     
8,746,191
 
BlackRock Credit Allocation Income Trust
   
866,315
     
13,367,240
 
BlackRock Debt Strategies Fund, Inc.
   
172,732
     
1,917,325
 
BlackRock Taxable Municipal Bond Trust
   
181,870
     
4,785,000
 
Blackstone Strategic Credit Fund (a)
   
918,033
     
12,577,052
 
Calamos Global Dynamic Income Fund
   
296,495
     
3,297,024
 
DoubleLine Income Solutions Fund (a)
   
734,627
     
13,186,555
 
DoubleLine Yield Opportunities Fund
   
662,675
     
13,207,113
 
Eaton Vance Floating-Rate Income Trust
   
674,216
     
9,735,679
 
Eaton Vance Limited Duration Income Fund
   
997,921
     
13,212,474
 
Eaton Vance Senior Floating-Rate Trust
   
805,483
     
11,244,543
 
First Trust High Income Long/Short Fund (a)
   
756,279
     
12,115,590
 
First Trust High Yield Opportunities 2027 Term Fund (a)
   
641,925
     
12,973,304
 
First Trust Intermediate Duration Preferred & Income Fund
   
133,866
     
3,477,839
 
Flaherty & Crumrine Preferred and Income Securities Fund, Inc.
   
114,666
     
2,661,398
 
Highland Income Fund
   
966,560
     
9,868,578
 
NexPoint Strategic Opportunities Fund
   
518,868
     
7,077,359
 
Nuveen AMT-Free Quality Municipal Income Fund
   
449,965
     
7,140,944
 
Nuveen Core Plus Impact Fund
   
672,221
     
13,316,698
 
Nuveen Credit Strategies Income Fund
   
913,656
     
5,966,174
 
Nuveen Floating Rate Income Fund
   
1,297,396
     
12,662,585
 
Nuveen Municipal Credit Opportunities Fund
   
380,618
     
6,013,764
 
Nuveen Preferred & Income Opportunities Fund
   
514,709
     
5,147,090
 
Nuveen Preferred & Income Securities Fund
   
780,178
     
7,817,383
 
Nuveen Quality Municipal Income Fund
   
333,677
     
5,442,272
 
Oxford Lane Capital Corp.
   
2,073,020
     
14,801,363
 
PGIM Global High Yield Fund, Inc. (a)
   
808,835
     
12,609,738
 
PGIM High Yield Bond Fund, Inc.
   
787,650
     
12,752,053
 
PIMCO Corporate & Income Opportunity Fund
   
779,565
     
16,027,856
 
PIMCO Dynamic Credit and Mortgage Income Fund
   
661,057
     
14,754,792
 
Pimco Dynamic Income Fund
   
514,723
     
14,633,575
 
PIMCO Dynamic Income Opportunities Fund
   
441,873
     
9,491,432
 
PIMCO High Income Fund
   
1,383,401
     
9,614,637
 
PIMCO Income Strategy Fund II
   
1,006,186
     
11,078,108
 
Templeton Global Income Fund
   
2,329,061
     
13,019,451
 
Virtus AllianzGI Convertible & Income Fund
   
2,154,752
     
12,863,869
 
Wells Fargo Income Opportunities Fund
   
1,470,851
     
13,002,323
 
Western Asset Emerging Markets Debt Fund, Inc. (a)
   
812,604
     
11,343,952
 
Western Asset High Income Opportunity Fund, Inc.
   
1,876,065
     
9,830,581
 
             
405,657,955
 
Total Investment Companies (Cost $432,131,410)
           
447,548,744
 
                 
MONEY MARKET FUNDS - 0.5%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (b)
   
2,271,826
     
2,271,826
 
Total Money Market Funds (Cost $2,271,826)
           
2,271,826
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.7%
               
First American Government Obligations Fund - Class X - 0.03% (b)
   
3,275,052
     
3,275,052
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $3,275,052)
           
3,275,052
 
Total Investments - 100.5%
               
(Cost $437,678,288)
         
$
453,095,622
 

Percentages are based on Net Assets of $450,857,117.
(a)
All or a portion of this security is out on loan as of July 31, 2021. Total value of securities out on loan is $3,139,392 or 0.7% of net assets.
(b)
Seven-day yield as of July 31, 2021.



Security Valuation
                 
                     
In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;
Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).
                     
The valuation techniques used by the Funds to measure fair value for the period ended July 31, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended July 31, 2021, there have been no significant changes to the Fund’s fair valuation methodologies.
                     
Common stocks, preferred stock, and other equity securities listed on any national or foreign exchange (excluding Nasdaq) and the London Stock Exchange Alternative Investment Market (“AIM”) will be valued at the last price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the exchange representing the principal market for such securities. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable NAV, with the exception of exchange-traded open-end and closed-end investment companies which are priced as equity securities. Exchange-traded options will be valued at the current mean price where such contracts are principally traded. Securities traded in the over-the-counter market are valued at the mean of the bid and the asked price, if available, and otherwise at their closing bid price. Fixed income securities will be valued using the mean price. Fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at the current market price. If there is no current market price available then the securities will be valued at cost and adjusted for amortization of premiums and accretions of discounts. Swaps will be valued by using the market close price of the underlying holdings. If there is no market price available, then the securities will be valued at the last price.
 
If no quotation is available from either a pricing service, or one or more brokers or if the pricing committee has reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith by the pricing committee, pursuant to procedures established under the general supervision and responsibility of the Fund’s Board of Trustees (the “Board”).
The following is a summary of the fair valuations according to the inputs used to value the Fund’s investments as of July 31, 2021:

   
Category
                             
   
Investments in Securities
                             
   
Assets
                             
   
Level 1
         
     
     
     
 
   
Investment Companies
 
$
447,548,744
                                 
   
Money Market Funds
   
2,271,826
                                 
   
Investments Purchased
with Proceeds from
Securities Lending
   
3,275,052
                                 
   
Total Level 1
   
453,095,622
                                 
   
Level 2
   
-
                                 
   
Total Level 2
   
-
                                 
   
Level 3
   
-
                                 
   
Total Level 3
   
-
                                 
   
Total
 
$
453,095,622
                                 
                                             
See the Schedule of Investments for further disaggregation of investment categories.
 
                                             
For the period ended July 31, 2021, there were no transfers into or out of Level 3 for the Fund.
 
                                             
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 July 31, 2021, 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.