| Amplify High Income ETF | |
| Schedule of Investments | |
| January 31, 2024 (Unaudited) | |
| | |
| INVESTMENT COMPANIES - 99.2% | | Shares | | | Value | |
| Equity – 13.5% | | | | |
| arbrdn Total Dynamic Dividend Fund | | | 1,435,320 | | | $ | 11,367,734 | |
| Kayne Anderson Energy Infrastructure Fund | | | 1,323,730 | | | | 11,450,265 | |
| Liberty All-Star Equity Fund | | | 1,751,673 | | | | 11,508,492 | |
| MainStay CBRE Global Infrastructure Megatrends Term Fund | | | 884,490 | | | | 11,436,456 | |
| Virtus Dividend Interest & Premium Strategy Fund | | | 941,990 | | | | 11,473,438 | |
| | | | | | | | 57,236,385 | |
| | | | | | | | | |
| Fixed Income – 85.7% | | | | | |
| Aberdeen Asia-Pacific Income Fund, Inc. | | | 1,514,511 | | | | 4,013,454 | |
| AllianceBernstein Global High Income Fund, Inc. | | | 303,316 | | | | 3,175,719 | |
| BlackRock Corporate High Yield Fund, Inc. | | | 1,033,184 | | | | 9,918,566 | |
| BlackRock Credit Allocation Income Trust | | | 1,182,392 | | | | 12,935,368 | |
| BlackRock Municipal Income Fund, Inc. | | | 412,046 | | | | 4,800,336 | |
| BlackRock MuniHoldings California Quality Fund, Inc. | | | 944,107 | | | | 10,517,352 | |
| BlackRock MuniHoldings Fund, Inc. | | | 370,345 | | | | 4,410,809 | |
| BlackRock MuniHoldings New Jersey Quality Fund, Inc. | | | 218,463 | | | | 2,525,432 | |
BlackRock MuniYield Fund, Inc.(a) | | | 200,262 | | | | 2,142,803 | |
| BlackRock MuniYield Quality Fund III, Inc. | | | 296,113 | | | | 3,340,155 | |
| Blackstone Strategic Credit 2027 Term Fund | | | 1,056,475 | | | | 12,318,499 | |
| Brookfield Real Assets Income Fund, Inc. | | | 922,220 | | | | 12,007,304 | |
| ClearBridge MLP & Midstream Fund, Inc. | | | 255,409 | | | | 10,494,756 | |
DoubleLine Income Solutions Fund(a) | | | 784,965 | | | | 9,867,010 | |
| Eagle Point Credit Co., Inc. | | | 1,463,932 | | | | 14,727,156 | |
| Eaton Vance Ltd. Duration Income Fund | | | 1,183,883 | | | | 11,495,504 | |
| First Trust Intermediate Duration Preferred & Income Fund | | | 737,076 | | | | 12,825,122 | |
| Flaherty & Crumrine Preferred and Income Securities Fund, Inc. | | | 712,158 | | | | 10,326,291 | |
| FS Credit Opportunities Corp. | | | 1,923,895 | | | | 11,023,918 | |
| Highland Opportunities and Income Fund | | | 1,074,226 | | | | 7,584,036 | |
| Invesco Senior Income Trust | | | 2,547,322 | | | | 10,469,493 | |
| Nuveen AMT-Free Municipal Credit Income Fund | | | 530,673 | | | | 6,315,009 | |
| Nuveen AMT-Free Quality Municipal Income Fund | | | 670,258 | | | | 7,392,946 | |
| Nuveen California Quality Municipal Income Fund | | | 706,601 | | | | 7,800,875 | |
| Nuveen Credit Strategies Income Fund | | | 2,312,596 | | | | 12,418,641 | |
| Nuveen Floating Rate Income Fund/Closed-end Fund | | | 1,482,174 | | | | 12,524,370 | |
| Nuveen Municipal Credit Income Fund | | | 594,484 | | | | 7,068,415 | |
| Nuveen New York AMT-Free Quality Municipal Income Fund | | | 346,110 | | | | 3,703,377 | |
| Nuveen Preferred & Income Opportunities Fund | | | 1,768,985 | | | | 12,860,521 | |
| Nuveen Quality Municipal Income Fund | | | 485,950 | | | | 5,486,376 | |
| Oxford Lane Capital Corp. | | | 2,867,618 | | | | 14,682,204 | |
| PIMCO Access Income Fund | | | 932,320 | | | | 13,649,165 | |
| PIMCO Corporate & Income Opportunity Fund | | | 694,389 | | | | 9,610,344 | |
| PIMCO Corporate & Income Strategy Fund | | | 177,672 | | | | 2,355,931 | |
Pimco Dynamic Income Fund(a) | | | 801,717 | | | | 15,392,965 | |
PIMCO Dynamic Income Opportunities Fund(a) | | | 1,113,751 | | | | 14,478,763 | |
| PIMCO High Income Fund | | | 1,300,162 | | | | 6,409,799 | |
| PIMCO Income Strategy Fund II | | | 974,164 | | | | 7,267,263 | |
| Western Asset Diversified Income Fund | | | 882,773 | | | | 12,623,654 | |
| Western Asset Inflation-Linked Opportunities & Income Fund | | | 1,330,193 | | | | 11,572,679 | |
| | | | | | | | 364,532,380 | |
TOTAL INVESTMENT COMPANIES (Cost $443,716,006) | | | | 421,768,765 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENTS - 1.7% | | | | | | | | |
Investments Purchased with Proceeds from Securities Lending - 1.3% | | | | | | | | |
First American Government Obligations Fund - Class X, 5.18%(b) | | | 5,645,020 | | | | 5,645,020 | |
| | | | | | | | | |
Money Market Funds - 0.4% | | | | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(b) | | | 1,899,452 | | | | 1,899,452 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $7,544,472) | | | | 7,544,472 | |
| | | | | | | | | |
TOTAL INVESTMENTS - 100.9% (Cost $451,260,478) | | | | 429,313,237 | |
| Liabilities in Excess of Other Assets - (0.9)% | | | | (4,034,209 | ) |
| TOTAL NET ASSETS - 100.0% | | | | | | $ | 425,279,028 | |
| | | | | | | | | |
| Percentages are stated as a percent of net assets. | | | | | |
| AMT - Alternative Minimum Tax |
| (a) | All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $5,470,031 which represented 1.3% of net assets. |
| (b) | The rate shown represents the 7-day effective yield as of January 31, 2024. |
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, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.
For the period ended January 31, 2024, there have been no significant changes to the Funds’ 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 at 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. Futures contracts will be valued at the settlement price. If there is no current market price available, then the securities will be valued at the last trade price.
The Trust’s Valuation Procedures provide for the designation of the Adviser as “Valuation Designee”. If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds’ Board of Trustees (the “Board”).
The following is a summary of the fair valuations according to the inputs used to value the Funds’ investments as of January 31, 2024:
| Amplify High Income ETF | |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Assets: | | | | | | | | | | | | |
| Investment Companies | | $ | 421,768,765 | | | $ | – | | | $ | – | | | $ | 421,768,765 | |
| Investments Purchased with Proceeds from Securities Lending | | | 5,645,020 | | | | – | | | | – | | | | 5,645,020 | |
| Money Market Funds | | | 1,899,452 | | | | – | | | | – | | | | 1,899,452 | |
| Total Assets | | $ | 429,313,237 | | | $ | – | | | $ | – | | | $ | 429,313,237 | |
| | | | | | | | | | | | | | | | | |
For the period ended January 31, 2024, 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, 2024, 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.
