Amplify High Income ETF (YYY) NPORT-P Amplify Transformational Data Sharing ETF (Jan 2022 report)

Amplify Transformational Data Sharing ETF
Schedule of Investments
January 31, 2022 (Unaudited)
Description	Shares		Value
COMMON STOCKS - 92.9%
Banks - 6.8%
Customers Bancorp, Inc. (a)		227,664	$	13,272,811
Signature Bank/New York NY		51,243		15,610,155
Silvergate Capital Corp. (a)		340,004		36,632,031
				65,514,997
Diversified Financials - 22.1%
CME Group, Inc.		172,206		39,521,277
Coinbase Global, Inc. - Class A (a)		222,822		42,369,603
EQONEX Ltd. (a) (b)		1,270,500		2,109,030
Galaxy Digital Holdings Ltd. (a) (b)		2,849,814		37,910,833
Mogo, Inc. (a) (b)		5,285,562		11,469,670
Nocturne Acquisition Corp. (a) (c)		380,000		3,617,600
Robinhood Markets, Inc. - Class A (a) (b)		530,747		7,510,070
SBI Holdings, Inc./Japan		1,632,944		41,745,927
Vontobel Holding AG		136,222		11,245,867
WisdomTree Investments, Inc.		2,497,507		14,011,014
				211,510,891
Media & Entertainment - 3.9%
Twitter, Inc. (a)		305,880		11,473,559
Z Holdings Corp.		5,188,534		26,019,316
				37,492,875
Retailing - 3.5%
Overstock.com, Inc. (a)		594,329		28,492,132
Rakuten Group, Inc. (a)		577,747		4,975,211
				33,467,343
Semiconductors & Semiconductor Equipment - 7.9%
Advanced Micro Devices, Inc. (a)		176,497		20,164,782
NVIDIA Corp.		174,089		42,627,433
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		105,377		12,922,381
				75,714,596
Software & Services - 46.5%
Accenture PLC - Class A		73,597		26,022,427
Argo Blockchain PLC (a)		22,856,985		23,055,260
BIGG Digital Assets, Inc. (a) (b)		6,317,198		4,273,918
Bitfarms Ltd./Canada (a) (b)		7,784,367		28,231,076
Block, Inc. (a)		212,678		26,008,393
Core Scientific, Inc. (a) (b)		1,292,362		11,217,702
Digital Garage, Inc.		871,073		30,466,361
GMO internet, Inc.		1,583,561		33,341,748
Hive Blockchain Technologies Ltd. (a) (b)		16,470,426		32,392,766
Hut 8 Mining Corp. (a) (b)		5,366,622		31,748,415
International Business Machines Corp.		189,562		25,319,796
Marathon Digital Holdings, Inc. (a) (b)		1,079,152		25,403,238
Mastercard, Inc. - Class A		23,683		9,150,638
MicroStrategy, Inc. (a) (b)		82,534		30,373,337
PayPal Holdings, Inc. (a)		220,482		37,909,675
Riot Blockchain, Inc. (a) (b)		1,828,778		29,150,721
Stronghold Digital Mining, Inc. - Class A (a) (b)		1,127,471		10,068,316
Visa, Inc. - Class A		36,923		8,350,875
Voyager Digital Ltd. (a)		2,851,195		23,102,945
				445,587,607
Technology Hardware & Equipment - 2.2%
Canaan, Inc. - ADR (a) (b)		2,437,609		10,481,719
CompoSecure, Inc. (a)		1,353,720		10,423,644
				20,905,363
Total Common Stocks (Cost $1,160,046,000)				890,193,672
CONVERTIBLE BONDS - 2.9%	Par Value
Core Scientific, Inc. 4.000% Cash and 6.000% PIK, 04/19/2025 (d) (e) (f)	$	27,082,072		27,082,072
Total Convertible Bonds (Cost $27,072,209)				27,082,072
EXCHANGE TRADED FUNDS - 3.3%	Shares
3iQ CoinShares Bitcoin ETF (a)		2,285,848		14,698,003
Bitcoin ETF (a)		152,560		2,218,222
Purpose Bitcoin ETF (a) (b)		2,066,695		14,921,538
Total Exchange Traded Funds (Cost $41,396,515)				31,837,763
MONEY MARKET FUNDS - 1.5%
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (g)		14,288,062		14,288,062
Total Money Market Funds (Cost $14,288,062)				14,288,062
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 17.0%
First American Government Obligations Fund - Class X - 0.03% (g)		162,937,461		162,937,461
Total Investments Purchased with Proceeds from Securities Lending (Cost $162,937,461)				162,937,461
Total Investments - 117.6%
(Cost $1,405,740,247)			$	1,126,339,030

Percentages are based on Net Assets of $958,089,332.
ADR -	American Depositary Receipt
PIK -	Payment In-Kind
(a)	Non-income producing security.
(b)	All or a portion of this security is out on loan as of January 31, 2022. Total value of securities out on loan is $169,622,919 or 17.7% of net assets.
(c)	Special Purpose Acquistion Company.
(d)	Illiquid security. At January 31, 2022, the value of this security amounted to $27,082,072 or 2.8% of net assets.
(e)	Restricted. Aquired on September 24, 2021.
(f)	The Fund had fair valued this security. Value is determined using significant unobservable inputs.
(g)	Seven-day yield as of January 31, 2022.
For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC (“S&P”). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

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
	Common Stocks
	Britain	$	23,055,260
	Canada		139,953,607
	China		10,481,719
	Hong Kong		2,109,030
	Ireland		26,022,427
	Japan		136,548,563
	Switzerland		11,245,867
	Taiwan		12,922,382
	United States		559,692,580
	Money Market Funds		14,288,062
	Investments Purchased with Proceeds from Securities Lending		162,937,461
	Total Level 1		1,099,256,958
	Level 2
	Total Level 2		-
	Level 3
	Convertible Bonds
	United States		27,082,072
	Total Level 3		27,082,072
	Total	$	1,126,339,030
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. Below is a reconciliation of securities in Level 3 for the Fund.

BLOK	Balance as of 10/31/2021		Net Realized Gain (Loss)		Change in Net Unrealized Appreciation (Depreciation)		Purchases/ Acquisition		Sales		Corporate Action		Transfers In/Out of Level 3		Balance as of 10/31/2021		Net Change in Unrealized Appreciation (Depreciation) on Securities held at 10/31/2021
Convertible Bonds	$	26,678,603	$	-	$	-	$	403,469	$	-	$	-	$	-	$	27,082,072	$	-
The following is a summary of quantitative information about Level 3 Fair Value Measurements:

BLOK	Fair Value as of 10/31/2021		Valuation Techniques	Unobservable Input	Range/Weighted Average Unobservable Input
Convertible Bonds	$	-	Cost	None		-

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.