| Amplify Inflation Fighter ETF | ||||||||
| Consolidated Schedule of Investments | ||||||||
| July 31, 2022 (Unaudited) | ||||||||
| Description | Shares | Value | ||||||
| COMMON STOCKS - 75.7% | ||||||||
| Consumer Discretionary - 12.0% | ||||||||
| Airbnb, Inc. - Class A (a) | 1,240 | $ | 137,615 | |||||
| Century Communities, Inc. | 4,217 | 215,784 | ||||||
| DR Horton, Inc. | 1,787 | 139,440 | ||||||
| Green Brick Partners, Inc. (a) | 10,654 | 285,527 | ||||||
| Lennar Corp. - Class A | 1,750 | 148,750 | ||||||
| LGI Homes, Inc. (a) | 1,835 | 206,988 | ||||||
| M/I Homes, Inc. (a) | 4,038 | 185,788 | ||||||
| MDC Holdings, Inc. | 4,871 | 176,574 | ||||||
| PulteGroup, Inc. | 3,476 | 151,623 | ||||||
| Tri Pointe Homes, Inc. (a) | 7,975 | 147,697 | ||||||
| 1,795,786 | ||||||||
| Consumer Staples - 2.0% | ||||||||
| Alico, Inc. | 8,034 | 292,759 | ||||||
| Energy - 15.7% | ||||||||
| Antero Resources Corp. (a) | 5,358 | 212,391 | ||||||
| Cameco Corp. | 11,188 | 288,142 | ||||||
| Chevron Corp. | 450 | 73,701 | ||||||
| Denison Mines Corp. (a) | 124,939 | 149,277 | ||||||
| Energy Fuels, Inc. (a) | 25,509 | 171,165 | ||||||
| NexGen Energy Ltd. (a) | 37,337 | 162,696 | ||||||
| Ovintiv, Inc. | 2,679 | 136,870 | ||||||
| Phillips 66 | 800 | 71,200 | ||||||
| Suncor Energy, Inc. | 5,358 | 181,851 | ||||||
| Texas Pacific Land Corp. | 242 | 443,792 | ||||||
| Uranium Energy Corp. (a) | 106,424 | 446,981 | ||||||
| 2,338,066 | ||||||||
| Financials - 0.4% | ||||||||
| LendingTree, Inc. (a) | 1,256 | 57,248 | ||||||
| Information Technology - 5.8% | ||||||||
| Core Scientific, Inc. (a) | 200,391 | 502,981 | ||||||
| Entegris, Inc. | 1,292 | 141,991 | ||||||
| Hive Blockchain Technologies Ltd. (a) | 15,000 | 67,650 | ||||||
| QUALCOMM, Inc. | 1,067 | 154,779 | ||||||
| 867,401 | ||||||||
| Materials - 11.1% | ||||||||
| Franco-Nevada Corp. | 1,561 | 199,777 | ||||||
| Nucor Corp. | 1,340 | 181,972 | ||||||
| Osisko Gold Royalties Ltd. | 17,328 | 181,078 | ||||||
| POSCO Holdings, Inc. - ADR | 3,652 | 171,096 | ||||||
| Rio Tinto PLC - ADR (b) | 3,377 | 206,098 | ||||||
| Royal Gold, Inc. | 1,789 | 187,434 | ||||||
| Vale SA - ADR | 12,981 | 174,724 | ||||||
| Wheaton Precious Metals Corp. | 10,520 | 360,836 | ||||||
| 1,663,015 | ||||||||
| Real Estate - 28.7% | ||||||||
| Anywhere Real Estate, Inc. (a) | 8,054 | 79,976 | ||||||
| Farmland Partners, Inc. (b) (c) | 31,650 | 469,686 | ||||||
| Five Point Holdings, LLC - Class A (a) | 39,981 | 168,720 | ||||||
| Forestar Group, Inc. (a) | 14,015 | 193,968 | ||||||
| FRP Holdings, Inc. (a) | 4,336 | 255,824 | ||||||
| Gladstone Land Corp. (c) | 17,240 | 467,376 | ||||||
| Kennedy-Wilson Holdings, Inc. | 10,927 | 225,752 | ||||||
| Morguard Corp. | 1,601 | 138,227 | ||||||
| PotlatchDeltic Corp. (c) | 6,767 | 331,786 | ||||||
| Rayonier, Inc. (c) | 10,939 | 412,947 | ||||||
| Redfin Corp. (a) | 6,714 | 58,412 | ||||||
| Stratus Properties, Inc. (a) | 5,335 | 168,959 | ||||||
| Tejon Ranch Co. (a) | 14,102 | 232,965 | ||||||
| The Howard Hughes Corp. (a) | 2,592 | 183,747 | ||||||
| The St Joe Co. | 6,175 | 259,474 | ||||||
| WeWork, Inc. - Class C (a) (b) | 24,432 | 116,541 | ||||||
| Weyerhaeuser Co. (c) | 12,039 | 437,256 | ||||||
| Zillow Group, Inc. - Class C (a) | 2,564 | 89,432 | ||||||
| 4,291,048 | ||||||||
Total Common Stocks (Cost $13,224,254) | 11,305,323 | |||||||
| EXCHANGE TRADED FUNDS - 4.1% | ||||||||
| FolioBeyond Rising Rates ETF | 3,983 | 121,721 | ||||||
| Simplify Interest Rate Hedge ETF | 1,929 | 97,858 | ||||||
| WisdomTree Enhanced Commodity Strategy Fund | 16,631 | 387,003 | ||||||
Total Exchange Traded Funds (Cost $640,948) | 606,582 | |||||||
| MONEY MARKET FUNDS - 11.3% | ||||||||
| Invesco Government & Agency Portfolio - Institutional Class - 1.64% (d) | 1,692,996 | 1,692,996 | ||||||
Total Money Market Funds (Cost $1,692,996) | 1,692,996 | |||||||
| INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.7% | ||||||||
| First American Government Obligations Fund - Class X - 1.94% (d) | 702,899 | 702,899 | ||||||
Total Investments Purchased with Proceeds from Securities Lending (Cost $702,899) | 702,899 | |||||||
| Total Investments - 95.8% | ||||||||
| (Cost $16,261,097) | $ | 14,307,800 | ||||||
Percentages are based on Net Assets of $14,930,244. | ||||||||||
| ADR - | American Depositary Receipt | |||||||||
| (a) | Non-income producing security. | |||||||||
| (b) | All or a portion of this security is out on loan as of July 31, 2022. Total value of securities out on loan is $692,640 or 4.6% of net assets. | |||||||||
| (c) | Real Estate Investment Trust. | |||||||||
| (d) | Seven-day yield as of July 31, 2022. | |||||||||
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P"). GICS® is a service mark of MSCI, Inc. and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. | ||||||||||
| Consolidated Schedule of Open Futures Contracts | |||||||||||||
| July 31, 2022 (Unaudited) | | ||||||||||||
Number of Contracts | Description | Expiration Month | Notional Amount | Value/Unrealized Appreciation (Depreciation) | |||||||||
| 163 | Micro Bitcoin | August 2022 | $ | 391,037 | $ | 16,477 | |||||||
| 78 | Micro Gold | October 2022 | 1,381,770 | 34,194 | |||||||||
| 36 | Mini Soybean | November 2022 | 528,660 | 8,409 | |||||||||
| $ | 59,080 | ||||||||||||
| Consolidation of Subsidiary | ||||||||||||||||
| Amplify Inflation Fighter ETF’s portfolio managers expect to obtain commodities exposure primarily through investments in commodity futures contracts via a wholly owned subsidiary of the Fund (the “Subsidiary”).The Subsidiary, which is organized under the laws of the Cayman Islands, is designed to enhance the ability of the Fund to obtain exposure to the commodities markets consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. The Fund is the sole shareholder of the Subsidiary, which will not be sold or offered to other investors. The Subsidiary is overseen by its own board of directors. The Fund’s investment in the Subsidiary may not exceed 25% of the Fund’s total assets at each quarter-end of the Fund’s fiscal year end. The consolidated financial statements of the Fund include the financial statements of the Subsidiary. The Fund consolidates the results of subsidiaries in which the Fund holds a controlling financial interest. All inter-company accounts and transactions have been eliminated. As of the end of the reporting period, the net assets of the Subsidiary were $2,708,629 which represented 18.14% of the Fund’s net assets. | ||||||||||||||||
| 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, 2022 maximized the use of observable inputs and minimized the use of unobservable inputs. | ||||||||||||||||
| For the period ended July 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 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. Future contracts will be valued at the settlement price. 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, 2022: | ||||||||||||||||
| Category | |||||||||||||||||
| Investments in Securities | |||||||||||||||||
| Assets | |||||||||||||||||
Level 1 | |||||||||||||||||
Common Stocks | $ | 11,305,323 | |||||||||||||||
Exchange Traded Funds | 606,582 | ||||||||||||||||
Money Market Funds | 1,692,996 | ||||||||||||||||
Investments Purchased with Proceeds fromSecurities Lending | 702,899 | ||||||||||||||||
Total Level 1 | 14,307,800 | ||||||||||||||||
Level 2 | |||||||||||||||||
Total Level 2 | - | ||||||||||||||||
Level 3 | - | ||||||||||||||||
Total Level 3 | - | ||||||||||||||||
Total | $ | 14,307,800 | |||||||||||||||
Other Financial Instruments(a) | |||||||||||||||||
| Liabilities | |||||||||||||||||
Level 1 | |||||||||||||||||
Futures Contracts | $ | 59,080 | |||||||||||||||
Total Level 1 | 59,080 | ||||||||||||||||
Level 2 | |||||||||||||||||
Total Level 2 | - | ||||||||||||||||
Level 3 | - | ||||||||||||||||
Total Level 3 | - | ||||||||||||||||
Total | $ | 59,080 | |||||||||||||||
See the Schedule of Investments for further disaggregation of investment categories. | |||||||||||||||||
| (a) | Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are reflected at value. | ||||||||||||||||
| For the period ended July 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 July 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. | |||||||||||||||||