| Amplify Lithium & Battery Technology ETF | ||||||||
| Schedule of Investments | ||||||||
| January 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 99.4% | Shares | Value | ||||||
| Consumer Discretionary - 20.6% | ||||||||
BAIC Motor Corp. Ltd. - Class H(a)(b) | 678,938 | $ | 180,634 | |||||
| BYD Co. Ltd. - Class H | 183,968 | 4,101,538 | ||||||
EVgo, Inc.(c)(d) | 235,767 | 539,906 | ||||||
Li Auto, Inc. - ADR(c) | 64,254 | 1,778,550 | ||||||
Lucid Group, Inc.(c)(d) | 141,132 | 477,026 | ||||||
NIO, Inc. - ADR(c)(d) | 99,088 | 556,875 | ||||||
| Panasonic Holdings Corp. | 209,229 | 2,002,304 | ||||||
Polestar Automotive Holding UK PLC - ADR(c)(d) | 127,929 | 277,606 | ||||||
QuantumScape Corp.(c)(d) | 33,348 | 227,100 | ||||||
Rivian Automotive, Inc. - Class A(c) | 58,966 | 902,770 | ||||||
Tesla, Inc.(c) | 30,746 | 5,758,419 | ||||||
Vinfast Auto Ltd.(c)(d) | 137,903 | 820,523 | ||||||
XPeng, Inc. - ADR(c)(d) | 52,477 | 437,133 | ||||||
Yadea Group Holdings Ltd.(a)(b) | 183,839 | 251,140 | ||||||
Zhejiang Leapmotor Technology Co. Ltd.(a)(b)(c) | 66,825 | 180,783 | ||||||
18,492,307 | ||||||||
| Industrials - 25.5% | ||||||||
| Advanced Energy Solution Holding Co. Ltd. | 34,764 | 703,066 | ||||||
ChargePoint Holdings, Inc.(c)(d) | 187,724 | 356,676 | ||||||
| Contemporary Amperex Technology Co. Ltd. - Class A | 279,525 | 5,901,929 | ||||||
| Ecopro BM Co. Ltd. | 8,891 | 1,422,267 | ||||||
| EnerSys | 8,009 | 765,419 | ||||||
Enovix Corp.(c)(d) | 59,409 | 553,098 | ||||||
| Eve Energy Co. Ltd. - Class A | 221,021 | 1,070,695 | ||||||
Freyr Battery, Inc.(c)(d) | 161,163 | 217,570 | ||||||
FuelCell Energy, Inc.(c)(d) | 461,131 | 553,357 | ||||||
| GS Yuasa Corp. | 37,759 | 550,043 | ||||||
Kempower Oyj(c)(d) | 18,293 | 589,121 | ||||||
| L&F Co. Ltd. | 7,292 | 784,027 | ||||||
LG Energy Solution Ltd.(c) | 16,195 | 4,623,156 | ||||||
Li-Cycle Holdings Corp.(c)(d) | 284,208 | 122,238 | ||||||
Lion Electric Co.(c)(d) | 310,571 | 543,499 | ||||||
Microvast Holdings, Inc.(c)(d) | 401,569 | 376,672 | ||||||
Nikola Corp.(c)(d) | 541,566 | 404,712 | ||||||
Plug Power, Inc.(c)(d) | 117,550 | 523,098 | ||||||
Sociedad Quimica y Minera de Chile SA - ADR(d) | 28,258 | 1,188,814 | ||||||
Varta AG(c)(d) | 26,076 | 496,395 | ||||||
| Vitzrocell Co. Ltd. | 43,851 | 578,262 | ||||||
Wallbox NV(c)(d) | 371,518 | 542,416 | ||||||
22,866,530 | ||||||||
| Information Technology – 10.1% | ||||||||
| Lotte Energy Materials Corp. | 21,792 | 515,144 | ||||||
| NAURA Technology Group Co. Ltd. - Class A | 49,274 | 1,563,141 | ||||||
| NEC Corp. | 27,612 | 1,819,788 | ||||||
| Samsung SDI Co. Ltd. | 6,016 | 1,679,062 | ||||||
| Simplo Technology Co. Ltd. | 67,370 | 873,887 | ||||||
SolarEdge Technologies, Inc.(c) | 10,606 | 705,299 | ||||||
| TDK Corp. | 38,127 | 1,927,851 | ||||||
9,084,172 | ||||||||
Materials - 43.2%(e) | ||||||||
| African Rainbow Minerals Ltd. | 75,629 | 749,241 | ||||||
| Albemarle Corp. | 11,391 | 1,307,003 | ||||||
Alpha HPA Ltd.(c) | 934,546 | 530,341 | ||||||
| AMG Critical Materials NV | 21,230 | 452,783 | ||||||
| Aneka Tambang Tbk | 6,721,944 | 660,267 | ||||||
Arcadium Lithium PLC(c)(d) | 113,724 | 556,111 | ||||||
BHP Group Ltd. - ADR(d) | 120,096 | 7,352,278 | ||||||
Chalice Mining Ltd.(c) | 431,078 | 315,333 | ||||||
| CMOC Group Ltd. - Class H | 2,629,248 | 1,439,403 | ||||||
Core Lithium Ltd.(c) | 2,304,801 | 294,853 | ||||||
| Eramet SA | 8,984 | 623,316 | ||||||
| First Quantum Minerals Ltd. | 82,821 | 751,546 | ||||||
Ganfeng Lithium Co. Ltd. - Class H(a)(b) | 332,866 | 889,862 | ||||||
| Glencore PLC | 857,609 | 4,569,648 | ||||||
| IGO Ltd. | 129,700 | 643,280 | ||||||
Ivanhoe Electric, Inc.(c) | 57,165 | 477,899 | ||||||
| Jinchuan Group International Resources Co. Ltd. | 9,618,621 | 701,285 | ||||||
| Johnson Matthey PLC | 38,910 | 802,283 | ||||||
Leo Lithium Ltd.(c)(f) | 742,011 | 245,833 | ||||||
Lifezone Metals Ltd.(c)(d) | 82,343 | 494,881 | ||||||
Liontown Resources Ltd.(c) | 628,705 | 424,837 | ||||||
Lithium Americas Argentina Corp.(c)(d) | 103,639 | 459,436 | ||||||
Lithium Americas Corp.(c)(d) | 83,443 | 363,811 | ||||||
| Lundin Mining Corp. | 133,489 | 1,090,192 | ||||||
| Mineral Resources Ltd. | 25,605 | 1,007,052 | ||||||
MMC Norilsk Nickel PJSC - ADR(c)(f) | 182,937 | 0 | ||||||
MP Materials Corp.(c) | 44,348 | 701,142 | ||||||
| Nickel Industries Ltd. | 1,285,574 | 670,505 | ||||||
Patriot Battery Metals, Inc.(c) | 78,483 | 401,624 | ||||||
Piedmont Lithium, Inc.(c)(d) | 19,674 | 300,619 | ||||||
| Pilbara Minerals Ltd. | 409,588 | 953,924 | ||||||
| Resonac Holdings Corp. | 43,155 | 868,788 | ||||||
Sayona Mining Ltd.(c) | 10,419,759 | 273,436 | ||||||
Sigma Lithium Corp.(c)(d) | 27,684 | 555,341 | ||||||
SK IE Technology Co. Ltd.(a)(b)(c) | 15,370 | 854,497 | ||||||
| South32 Ltd. | 525,129 | 1,154,115 | ||||||
Standard Lithium Ltd.(c)(d) | 199,030 | 275,351 | ||||||
| Sumitomo Metal Mining Co. Ltd. | 36,932 | 1,029,067 | ||||||
| Tianqi Lithium Corp. - Class H | 245,699 | 1,082,679 | ||||||
TMC the metals co., Inc.(c)(d) | 517,746 | 678,248 | ||||||
| Umicore SA | 35,694 | 816,619 | ||||||
| Vale Indonesia Tbk PT | 2,318,195 | 568,531 | ||||||
W-Scope Corp.(c) | 95,910 | 501,771 | ||||||
38,889,031 | ||||||||
TOTAL COMMON STOCKS (Cost $133,100,797) | 89,332,040 | |||||||
| SHORT-TERM INVESTMENTS - 22.4% | ||||||||
Money Market Funds - 0.6% | ||||||||
Invesco Government & Agency Portfolio – Institutional Class, 5.25%(g) | 453,251 | 453,251 | ||||||
| Investments Purchased with Proceeds from Securities Lending – 21.8% | ||||||||
First American Government Obligations Fund - Class X, 5.18%(g) | 19,626,886 | 19,626,886 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $20,080,137) | 20,080,137 | |||||||
TOTAL INVESTMENTS - 121.8% (Cost $153,180,934) | 109,412,177 | |||||||
| Liabilities in Excess of Other Assets - (21.8)% | (19,585,888 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 89,826,289 | ||||||
| Percentages are stated as a percent 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. 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 ratings 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. |
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| SA - Sociedad Anónima |
| (a) | Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2024, the value of these securities total $2,356,916 or 2.6% of the Fund’s net assets. |
| (b) | Security is exempt from registration under Regulation S of the Securities Act of 1933. As of January 31, 2024, the value of these securities total $2,356,916or 2.6% of net assets. |
| (c) | Non-income producing security. |
| (d) | All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $18,164,858 which represented 20.2% of net assets. |
| (e) | To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. |
| (f) | Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $245,833 or 0.3% of net assets as of January 31, 2024. |
| (g) | 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 Lithium & Battery Technology ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: | ||||||||||||||||
| Common Stocks | ||||||||||||||||
| Consumer Discretionary | 18,492,307 | – | – | 18,492,307 | ||||||||||||
| Industrials | 22,082,503 | – | – | 22,866,530 | ||||||||||||
| Information Technology | 9,868,199 | – | – | 9,084,172 | ||||||||||||
| Materials | 38,643,198 | – | 245,833 | 38,889,031 | ||||||||||||
| Common Stocks - Total | $ | 89,086,207 | $ | – | $ | 245,833 | $ | 89,332,040 | ||||||||
| Money Market Funds | 20,080,137 | – | – | 20,080,137 | ||||||||||||
| Total Assets | $ | 109,166,344 | $ | – | $ | 245,833 | $ | 109,412,177 | ||||||||
| Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||
For the period ended January 31, 2024, there were no transfers into or out of Level 3 for the Fund, except for the below. Below is a reconciliation of securities in Level 3 for the Fund. | ||||||||||||||||||||||||||||||||||||
| BATT | Balance as of 10/31/23 | Net Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | Purchases/ Acquisition | Sales | Corporate Action | Transfers In/Out of Level 3 | Balance as of 01/31/2024 | Net Change in Unrealized Appreciation (Depreciation) on Securities held at 01/31/2024 | |||||||||||||||||||||||||||
Common Stocks | $ | 237,700 | $ | - | $ | 8,133 | $ | - | $ | - | $ | - | $ | - | $ | 245,833 | $ | 8,133 | ||||||||||||||||||
The following is a summary of quantitative information about Level 3 Fair Value Measurements: | ||||||||||||||||||||||||||||||||||||
| BATT | Fair Value as of 01/31/2024 | Valuation Techniques | Unobservable Input | Range/Weighted Average Unobservable Input | Impact to Valuation from an Increase to Input | |||||||||||||||||||||||||||||||
Common Stocks | $ | 245,833 | Market Approach | No Market Activity | - | Increase | ||||||||||||||||||||||||||||||
| 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. | |||||||
| Allocation of Portfolio Holdings by Country as of January 31, 2024 | ||||||||
| (% of Net Assets) | ||||||||
| China | $ | 19,434,362 | 21.6 | % | ||||
| Australia | 13,865,787 | 15.4 | ||||||
| United States | 13,747,017 | 15.4 | ||||||
| South Korea | 10,456,415 | 11.7 | ||||||
| Japan | 8,699,612 | 9.6 | ||||||
| Canada | 5,163,844 | 5.6 | ||||||
| Switzerland | 4,569,648 | 5.1 | ||||||
| Taiwan | 1,576,953 | 1.8 | ||||||
| Indonesia | 1,228,798 | 1.3 | ||||||
| Chile | 1,188,814 | 1.4 | ||||||
| United Kingdom | 1,079,889 | 1.2 | ||||||
| Vietnam | 820,523 | 0.9 | ||||||
| Belgium | 816,619 | 0.9 | ||||||
| South Africa | 749,241 | 0.8 | ||||||
| Israel | 705,299 | 0.8 | ||||||
| Hong Kong | 701,285 | 0.8 | ||||||
| France | 623,316 | 0.7 | ||||||
| Finland | 589,121 | 0.7 | ||||||
| Jersey | 556,111 | 0.6 | ||||||
| Brazil | 555,341 | 0.6 | ||||||
| Spain | 542,416 | 0.6 | ||||||
| Germany | 496,395 | 0.6 | ||||||
| Isle of Man | 494,881 | 0.6 | ||||||
| Netherlands | 452,783 | 0.5 | ||||||
| Norway | 217,570 | 0.2 | ||||||
| Russia | 0 | – | ||||||
| Money Market Funds | 20,080,137 | 22.4 | ||||||
| Liabilities in Excess of Other Assets | (19,585,888 | ) | (21.8 | ) | ||||
| $ | 89,826,289 | 100.0 | % | |||||