Amplify Thematic All-Stars ETF
Schedule of Investments
January 31, 2022 (Unaudited)
Description	Shares		Value
COMMON STOCKS - 99.6%
Communication Services - 10.0%
Activision Blizzard, Inc.		422	$	33,342
Alphabet, Inc. - Class A (a)		124		335,553
Baidu, Inc. - Class A (a)		2,598		47,912
Electronic Arts, Inc.		224		29,716
Meta Platforms, Inc. - Class A (a)		494		154,750
Netflix, Inc. (a)		135		57,664
ROBLOX Corp. - Class A (a)		775		51,041
Roku, Inc. (a)		461		75,627
Sea Ltd. - ADR (a)		402		60,425
Snap, Inc. - Class A (a)		1,976		64,299
Spotify Technology SA (a)		553		108,532
Tencent Holdings Ltd.		1,742		105,446
Twitter, Inc. (a)		3,219		120,745
				1,245,052
Consumer Discretionary - 11.0%
Alibaba Group Holding Ltd. (a)		6,280		91,813
Amazon.com, Inc. (a)		100		299,147
Aptiv PLC (a)		362		49,442
BYD Co. Ltd. - Class H		1,023		29,047
DraftKings, Inc. - Class A (a)		1,603		35,410
Etsy, Inc. (a)		258		40,527
JD.com, Inc. - Class A (a)		83		2,974
MercadoLibre, Inc. (a)		42		47,547
NIO, Inc. - ADR (a)		3,767		92,329
Tesla, Inc. (a)		675		632,286
XPeng, Inc. - Class A (a)		3,328		53,307
				1,373,829
Financials - 2.5%
Coinbase Global, Inc. - Class A (a)		1,360		258,604
Robinhood Markets, Inc. - Class A (a)		2,175		30,776
Upstart Holdings, Inc. (a)		198		21,584
				310,964
Health Care - 3.9%
Agilent Technologies, Inc.		203		28,282
Beam Therapeutics, Inc. (a)		346		23,947
CRISPR Therapeutics AG (a)		527		33,596
Danaher Corp.		246		70,304
Exact Sciences Corp. (a)		411		31,384
Illumina, Inc. (a)		77		26,859
Intellia Therapeutics, Inc. (a)		514		48,609
Intuitive Surgical, Inc. (a)		272		77,297
Teladoc Health, Inc. (a)		2,000		153,420
				493,698
Industrials - 7.0%
ABB Ltd.		3,071		104,593
Array Technologies, Inc. (a)		2,838		29,913
Ballard Power Systems, Inc. (a)		5,832		60,805
Bloom Energy Corp. - Class A (a)		2,092		31,547
ChargePoint Holdings, Inc. (a)		1,805		24,999
Evoqua Water Technologies Corp. (a)		869		35,194
FANUC Corp.		197		38,400
Pentair PLC		584		37,201
Plug Power, Inc. (a)		5,396		118,011
Roper Technologies, Inc.		72		31,476
Shoals Technologies Group, Inc. - Class A (a)		2,002		33,754
Siemens Gamesa Renewable Energy SA (a)		1,234		26,414
Sunrun, Inc. (a)		4,739		122,882
Tetra Tech, Inc.		203		28,256
Vestas Wind Systems A/S		3,204		85,418
Xylem, Inc./NY		645		67,738
				876,601
Information Technology - 59.7%
3D Systems Corp. (a)		1,584		28,354
Accenture PLC - Class A		153		54,098
Adobe, Inc. (a)		97		51,827
Advanced Micro Devices, Inc. (a)		1,153		131,730
Adyen NV (a) (b)		23		46,126
Akamai Technologies, Inc. (a)		1,398		160,141
Ambarella, Inc. (a)		169		23,685
Analog Devices, Inc.		420		68,867
Apple, Inc.		600		104,868
Arista Networks, Inc. (a)		293		36,423
Atlassian Corp. PLC - Class A (a)		83		26,920
Autodesk, Inc. (a)		193		48,209
Block, Inc. (a)		2,172		265,614
Canadian Solar, Inc. (a)		1,317		36,863
Check Point Software Technologies Ltd. (a)		548		66,313
Cisco Systems, Inc.		3,358		186,940
Citrix Systems, Inc.		324		33,029
Cloudflare, Inc. - Class A (a)		983		94,761
Crowdstrike Holdings, Inc. - Class A (a)		1,076		194,369
CyberArk Software Ltd. (a)		280		38,402
Daqo New Energy Corp. - ADR (a)		1,059		42,487
Datadog, Inc. - Class A (a)		160		23,378
DocuSign, Inc. (a)		496		62,382
Dropbox, Inc. - Class A (a)		1,875		46,406
Enphase Energy, Inc. (a)		2,456		344,994
F5, Inc. (a)		170		35,295
Fastly, Inc. - Class A (a)		850		24,361
First Solar, Inc. (a)		2,649		207,629
Fortinet, Inc. (a)		345		102,548
Infineon Technologies AG		802		32,667
Intel Corp.		1,559		76,110
International Business Machines Corp.		547		73,063
Intuit, Inc.		74		41,087
Itron, Inc. (a)		935		57,970
JinkoSolar Holding Co. Ltd. - ADR (a)		1,027		45,322
Juniper Networks, Inc.		1,775		61,806
Keyence Corp.		55		27,795
Mandiant, Inc. (a)		3,614		54,535
Mastercard, Inc. - Class A		95		36,706
Microsoft Corp.		808		251,272
MicroStrategy, Inc. (a)		81		29,809
Mimecast Ltd. (a)		984		78,435
MongoDB, Inc. (a)		72		29,168
NVIDIA Corp.		2,443		598,193
NXP Semiconductors NV		329		67,590
Okta, Inc. (a)		741		146,637
ON Semiconductor Corp. (a)		1,468		86,612
Oracle Corp.		813		65,983
Palantir Technologies, Inc. - Class A (a)		3,456		47,382
Palo Alto Networks, Inc. (a)		393		203,338
PayPal Holdings, Inc. (a)		826		142,022
PTC, Inc. (a)		242		28,135
QUALCOMM, Inc.		706		124,087
Qualys, Inc. (a)		653		83,675
Rapid7, Inc. (a)		395		38,050
Sailpoint Technologies Holdings, Inc. (a)		562		21,744
salesforce.com, Inc. (a)		435		101,194
Samsung SDI Co. Ltd.		155		75,089
ServiceNow, Inc. (a)		98		57,406
Shopify, Inc. - Class A (a)		203		195,741
Skyworks Solutions, Inc.		217		31,795
Snowflake, Inc. (a)		94		25,935
SolarEdge Technologies, Inc. (a)		1,232		293,487
Splunk, Inc. (a)		1,137		140,897
STMicroelectronics NV		861		39,804
SunPower Corp. (a)		3,085		51,766
Tenable Holdings, Inc. (a)		1,418		72,885
Teradyne, Inc.		208		24,425
Trend Micro, Inc./Japan (a)		630		33,133
Trimble, Inc. (a)		1,151		83,056
Twilio, Inc. - Class A (a)		1,056		217,663
UiPath, Inc. - Class A (a)		3,468		126,686
Unity Software, Inc. (a)		1,187		124,813
Varonis Systems, Inc. (a)		1,142		42,551
Visa, Inc. - Class A		147		33,247
VMware, Inc.		951		122,184
Workday, Inc. - Class A (a)		214		54,144
Xinyi Solar Holdings Ltd.		48,651		77,367
Zoom Video Communications, Inc. - Class A (a)		906		139,778
Zscaler, Inc. (a)		672		172,778
				7,474,036
Materials - 1.6%
Albemarle Corp.		500		110,370
Ecolab, Inc.		308		58,351
Livent Corp. (a)		1,411		32,467
				201,188
Real Estate - 1.7%
American Tower Corp. (c)		153		38,480
Crown Castle International Corp. (c)		253		46,175
Digital Realty Trust, Inc. (c)		265		39,546
Equinix, Inc. (c)		119		86,263
				210,464
Utilities - 2.2%
American Water Works Co., Inc.		340		54,672
Atlantica Sustainable Infrastructure PLC		1,037		33,837
Essential Utilities, Inc.		549		26,758
Iberdrola SA		2,567		29,236
Ormat Technologies, Inc.		654		44,577
Orsted AS (b)		429		45,180
Sunnova Energy International, Inc. (a)		2,265		44,530
				278,790
Total Common Stocks (Cost $15,202,356)				12,464,622
PREFERRED STOCKS - 0.2%
Materials - 0.2%
Sociedad Quimica y Minera de Chile SA - Class B		560		29,942
Total Preferred Stocks (Cost $28,898)				29,942
MONEY MARKET FUNDS - 0.2%
Invesco Government & Agency Portfolio - Institutional Class - 0.03% (d)		25,567		25,567
Total Money Market Funds (Cost $25,567)				25,567
Total Investments - 100.0%
(Cost $15,256,821)			$	12,520,131

Percentages are based on Net Assets of $12,516,195.
ADR -	American Depositary Receipt
(a)	Non-income producing security.
(b)	Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund’s liquidity guidelines. At January 31, 2022 the value of these securities amounted to $91,306 or 0.7% of net assets.
(c)	Real Estate Investment Trust.
(d)	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	$	12,464,622
	Preferred Stocks		29,942
	Money Market Funds		25,567
	Total Level 1		12,520,131
	Level 2		-
	Total Level 2		-
	Level 3		-
	Total Level 3		-
	Total	$	12,520,131
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.