Amplify High Income ETF
 
Schedule of Investments
 
January 31, 2022 (Unaudited)
 
             
             
Description
 
Shares
   
Value
 
             
INVESTMENT COMPANIES - 99.1%
           
Equity - 8.9%
           
Aberdeen Total Dynamic Dividend Fund
   
1,189,653
   
$
11,825,151
 
Cohen & Steers REIT and Preferred and Income Fund, Inc.
   
217,018
     
5,701,063
 
John Hancock Tax-Advantaged Dividend Income Fund
   
261,887
     
6,439,802
 
Liberty All-Star Equity Fund
   
1,631,096
     
12,575,750
 
             
36,541,766
 
Fixed Income - 90.2%
               
Aberdeen Asia-Pacific Income Fund, Inc.
   
3,015,632
     
11,097,526
 
AllianceBernstein Global High Income Fund, Inc. (a)
   
1,001,817
     
11,370,623
 
Blackrock Capital Allocation Trust
   
94,297
     
1,728,464
 
BlackRock Corporate High Yield Fund, Inc.
   
896,573
     
10,014,720
 
BlackRock Credit Allocation Income Trust
   
293,117
     
4,003,978
 
Blackstone Strategic Credit Fund (a)
   
649,190
     
8,725,114
 
Calamos Global Dynamic Income Fund (a)
   
510,331
     
4,771,595
 
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
   
405,177
     
9,436,572
 
DoubleLine Income Solutions Fund
   
756,547
     
11,847,526
 
DoubleLine Yield Opportunities Fund
   
658,234
     
11,854,794
 
Eaton Vance Limited Duration Income Fund
   
402,746
     
4,949,748
 
First Trust High Income Long/Short Fund
   
224,921
     
3,229,866
 
First Trust High Yield Opportunities 2027 Term Fund (a)
   
382,770
     
7,379,806
 
First Trust Intermediate Duration Preferred & Income Fund (a)
   
233,057
     
5,455,864
 
Flaherty & Crumrine Preferred and Income Securities Fund, Inc.
   
152,165
     
3,116,339
 
Highland Income Fund
   
941,017
     
10,558,211
 
Invesco Senior Income Trust
   
2,117,991
     
9,361,520
 
MainStay CBRE Global Infrastructure Megatrends Fund
   
657,900
     
13,131,684
 
Nuveen AMT-Free Quality Municipal Income Fund
   
253,984
     
3,581,174
 
Nuveen Core Plus Impact Fund
   
658,903
     
10,970,735
 
Nuveen Credit Strategies Income Fund
   
1,893,024
     
12,247,865
 
Nuveen Dynamic Municipal Opportunities Fund
   
149,182
     
2,258,615
 
Nuveen Floating Rate Income Fund
   
1,113,932
     
11,506,918
 
Nuveen Multi-Asset Income Fund
   
666,010
     
11,841,658
 
Nuveen Preferred & Income Opportunities Fund
   
936,227
     
8,603,926
 
Nuveen Preferred & Income Securities Fund
   
1,289,123
     
11,963,061
 
Nuveen Quality Municipal Income Fund
   
170,476
     
2,504,292
 
Oxford Lane Capital Corp. (a)
   
1,614,327
     
13,366,628
 
PGIM Global High Yield Fund, Inc.
   
803,421
     
11,585,331
 
PGIM High Yield Bond Fund, Inc. (a)
   
767,745
     
11,884,693
 
PIMCO Corporate & Income Opportunity Fund (a)
   
497,598
     
7,852,096
 
Pimco Dynamic Income Fund
   
493,926
     
12,407,421
 
PIMCO Dynamic Income Opportunities Fund
   
446,706
     
8,228,325
 
PIMCO High Income Fund
   
1,435,962
     
8,630,132
 
PIMCO Income Strategy Fund II
   
815,514
     
7,404,867
 
Templeton Global Income Fund
   
2,388,069
     
12,203,033
 
Thornburg Income Builder Opportunities Trust
   
650,311
     
12,050,263
 
Virtus AllianzGI Convertible & Income Fund
   
2,164,811
     
11,495,146
 
Wells Fargo Income Opportunities Fund
   
1,437,607
     
11,831,506
 
Western Asset Diversified Income Fund
   
659,573
     
11,852,527
 
Western Asset Emerging Markets Debt Fund, Inc.
   
941,700
     
11,168,562
 
             
369,472,724
 
Total Investment Companies (Cost $419,809,452)
           
406,014,490
 
                 
MONEY MARKET FUNDS - 0.5%
               
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (b)
   
2,213,241
     
2,213,241
 
Total Money Market Funds (Cost $2,213,241)
           
2,213,241
 
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.1%
               
First American Government Obligations Fund - Class X - 0.03% (b)
   
334,449
     
334,449
 
Total Investments Purchased with Proceeds from Securities Lending (Cost $334,449)
           
334,449
 
Total Investments - 99.7%
               
(Cost $422,357,142)
         
$
408,562,180
 

Percentages are based on Net Assets of $409,796,097.
(a)
All or a portion of this security is out on loan as of January 31, 2022. Total value of securities out on loan is $328,147 or 0.1% of net assets.
(b)
Seven-day yield as of January 31, 2022.


 
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 January 31, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs.
                     
For the period ended January 31, 2022, 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 January 31, 2022:

 
Category
                   
 
Investments in Securities
                   
 
Assets
                   
 
Level 1
                   
 
Investment Companies
  $
       406,014,490
             
 
Money Market Funds
   
             2,213,241
             
 
Investments Purchased with
Proceeds from Securities Lending
   
                334,449
             
 
Total Level 1
   
          408,562,180
             
 
Level 2
   
                           -
             
 
Total Level 2
   
                           -
             
 
Level 3
   
                           -
             
 
Total Level 3
   
                           -
             
 
Total
  $
        408,562,180
             
                       
See the Schedule of Investments for further disaggregation of investment categories.
                       
For the period ended January 31, 2022, 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 January 31, 2022, 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.