| Amplify Inflation Fighter ETF | |
| Consolidated Schedule of Investments | |
| as of June 30, 2024 (Unaudited) | |
| | |
| COMMON STOCKS - 70.7% | | Shares | | | Value | |
| Consumer Discretionary - 13.0% | | | | |
Airbnb, Inc. - Class A(a) | | | 457 | | | $ | 69,295 | |
| Century Communities, Inc. | | | 1,799 | | | | 146,906 | |
| DR Horton, Inc. | | | 765 | | | | 107,811 | |
Green Brick Partners, Inc.(a) | | | 2,796 | | | | 160,043 | |
| Lennar Corp. - Class A | | | 532 | | | | 79,731 | |
LGI Homes, Inc.(a) | | | 785 | | | | 70,250 | |
M/I Homes, Inc.(a) | | | 1,242 | | | | 151,698 | |
| PulteGroup, Inc. | | | 1,064 | | | | 117,146 | |
Tri Pointe Homes, Inc.(a) | | | 1,594 | | | | 59,377 | |
| | | | | | | | 962,257 | |
| | | | | | | | | |
| Consumer Staples - 1.2% | | | | | |
| Alico, Inc. | | | 3,421 | | | | 88,638 | |
| | | | | | | | | |
| Energy - 23.9% | | | | | |
Antero Resources Corp.(a) | | | 4,908 | | | | 160,148 | |
| Cameco Corp. | | | 4,984 | | | | 245,220 | |
Centrus Energy Corp. - Class A(a) | | | 1,200 | | | | 51,300 | |
Denison Mines Corp.(a) | | | 53,350 | | | | 106,852 | |
Energy Fuels, Inc.(a)(b) | | | 14,849 | | | | 89,985 | |
NexGen Energy Ltd.(a) | | | 15,947 | | | | 111,205 | |
| Ovintiv, Inc. | | | 1,142 | | | | 53,526 | |
| Petroleo Brasileiro SA - ADR | | | 4,556 | | | | 66,016 | |
| Phillips 66 | | | 570 | | | | 80,467 | |
| Shell PLC - ADR | | | 1,064 | | | | 76,800 | |
| Suncor Energy, Inc. | | | 6,413 | | | | 244,335 | |
| Texas Pacific Land Corp. | | | 294 | | | | 215,875 | |
Uranium Energy Corp.(a) | | | 37,675 | | | | 226,427 | |
Ur-Energy, Inc.(a) | | | 30,000 | | | | 42,000 | |
| | | | | | | | 1,770,156 | |
| | | | | | | | | |
| Financials - 0.7% | | | | | |
LendingTree, Inc.(a) | | | 1,267 | | | | 52,695 | |
| | | | | | | | | |
| Information Technology - 3.0% | | | | | |
| Entegris, Inc. | | | 555 | | | | 75,147 | |
| QUALCOMM, Inc. | | | 743 | | | | 147,991 | |
| | | | | | | | 223,138 | |
| | | | | | | | | |
| Materials - 16.4% | | | | | |
| Alcoa Corp. | | | 3,038 | | | | 120,852 | |
| Franco-Nevada Corp. | | | 669 | | | | 79,290 | |
| Nucor Corp. | | | 1,438 | | | | 227,319 | |
| Osisko Gold Royalties Ltd. | | | 7,370 | | | | 114,824 | |
POSCO Holdings, Inc. - ADR(b) | | | 1,419 | | | | 93,285 | |
| Rio Tinto PLC - ADR | | | 2,305 | | | | 151,969 | |
| Royal Gold, Inc. | | | 994 | | | | 124,409 | |
| Vale SA - ADR | | | 5,522 | | | | 61,681 | |
| Wheaton Precious Metals Corp. | | | 4,477 | | | | 234,684 | |
| | | | | | | | 1,208,313 | |
| | | | | | | | | |
| Real Estate - 12.5% | | | | | |
Five Point Holdings LLC - Class A(a) | | | 17,001 | | | | 49,813 | |
Forestar Group, Inc.(a) | | | 5,963 | | | | 190,756 | |
FRP Holdings, Inc.(a) | | | 3,696 | | | | 105,410 | |
Howard Hughes Holdings, Inc.(a) | | | 1,328 | | | | 86,081 | |
| Kennedy-Wilson Holdings, Inc. | | | 4,647 | | | | 45,169 | |
| Morguard Corp. | | | 705 | | | | 57,289 | |
Redfin Corp.(a) | | | 2,860 | | | | 17,189 | |
Stratus Properties, Inc.(a) | | | 2,273 | | | | 57,325 | |
Tejon Ranch Co.(a) | | | 5,996 | | | | 102,292 | |
| The St Joe Co. | | | 2,963 | | | | 162,076 | |
Zillow Group, Inc. - Class C(a) | | | 1,096 | | | | 50,843 | |
| | | | | | | | 924,243 | |
TOTAL COMMON STOCKS (Cost $4,971,659) | | | | 5,229,440 | |
| | | | | | | | | |
| REAL ESTATE INVESTMENT TRUSTS - 11.3% | | | | | | | | |
| Farmland Partners, Inc. | | | 19,534 | | | | 225,227 | |
| Gladstone Land Corp. | | | 8,078 | | | | 110,588 | |
| PotlatchDeltic Corp. | | | 2,882 | | | | 113,522 | |
| Rayonier, Inc. | | | 5,858 | | | | 170,409 | |
| Weyerhaeuser Co. | | | 7,754 | | | | 220,136 | |
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,236,086) | | | | 839,882 | |
| | | | | | | | | |
| U.S. TREASURY SECURITIES - 6.1% | | Par | | | | | |
| United States Treasury Floating Rate Note | |
| 5.34% (3 Month US Treasury Money Market Yield + 0.04%), 07/31/2024 | | | 225,000 | | | | 224,956 | |
| 5.45% (3 Month US Treasury Money Market Yield + 0.14%), 10/31/2024 | | | 225,000 | | | | 225,083 | |
TOTAL U.S. TREASURY SECURITIES (Cost $449,911) | | | | 450,039 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENTS - 6.3% | | | | | | | | |
| Investments Purchased with Proceeds from Securities Lending - 2.4% | | Shares | | | | | |
First American Government Obligations Fund - Class X, 4.65%(c) | | | 178,058 | | | | 178,057 | |
| | | | | | | | | |
| Money Market Funds - 3.9% | | | | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(c) | | | 286,335 | | | | 286,335 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $464,392) | | | | 464,392 | |
| | | | | | | | | |
TOTAL INVESTMENTS - 94.4% (Cost $7,122,048) | | | $ | 6,983,753 | |
| Other Assets in Excess of Liabilities - 5.6% | | | | 415,599 | |
| TOTAL NET ASSETS - 100.0% | | | | | | $ | 7,399,352 | |
| | | | | | | | | |
| 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. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | |
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| SA - Sociedad Anónima |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security is on loan as of June 30, 2024. The total market value of these securities was $170,832 which represented 2.3% of net assets. |
| (c) | The rate shown represents the 7-day effective yield as of June 30, 2024. |
| Amplify Inflation Fighter ETF | |
| Consolidated Schedule of Futures Contracts | |
| as of June 30, 2024 (Unaudited) | |
| | |
| Description | | Contracts Purchased | | Expiration Date | | Notional | | | Value / Unrealized Appreciation (Depreciation) | |
| Bitcoin | | | 102 | | 07/26/2024 | | $ | 615,315 | | | $ | (20,654 | ) |
| Micro Gold | | | 27 | | 08/28/2024 | | | 631,692 | | | | (6,643 | ) |
| Total Unrealized Appreciation (Depreciation) | | | $ | (27,296 | ) |
Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)
Amplify Inflation Fighter ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2024:
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Assets: | | | | | | | | | | | | |
Investments: | | | | | | | | | | | | |
| Common Stocks | | | 5,229,440 | | | | – | | | | – | | | | 5,229,440 | |
| Real Estate Investment Trusts | | | 839,882 | | | | – | | | | – | | | | 839,882 | |
| U.S. Treasury Securities | | | – | | | | 450,039 | | | | – | | | | 450,039 | |
| Investments Purchased with Proceeds from Securities Lending | | | 178,057 | | | | – | | | | – | | | | 178,057 | |
| Money Market Funds | | | 286,335 | | | | – | | | | – | | | | 286,335 | |
| Total Investments | | | 6,533,714 | | | | 450,039 | | | | – | | | | 6,983,753 | |
| | | | | | | | | | | | | | | | | |
| Liabilities: | | | | | | | | | | | | | | | | |
Other Financial Instruments*: | | | | | | | | | | | | | | | | |
| Futures | | | (27,296 | ) | | | – | | | | – | | | | (27,296 | ) |
| Total Other Financial Instruments | | | (27,296 | ) | | | – | | | | – | | | | (27,296 | ) |
| | |
| * The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of June 30, 2024. | |
| | |
| Refer to the Consolidated Schedule of Investments for additional information. | |
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 June 30, 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.
