NPORT-EX 2 emfq.htm NPORT-EX

Amplify Emerging Markets FinTech ETF
  
Schedule of Investments
  
January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.2%
  
Shares
    
Value
  
Banking - 10.8%
        
Bank BTPN Syariah Tbk PT
    
529,400
    
$
53,343
  
Bank Jago Tbk PT(a)
    
510,300
      
103,806
  
NU Holdings Ltd. - Class A(a)
    
6,692
      
57,618
  
TCS Group Holding PLC - GDR(a)(b)
    
2,536
      
0
  
             
214,767
  
                 
Digital Assets/Wallets - 5.6%
          
Danal Co. Ltd.(a)
    
17,972
      
53,863
  
Discovery Ltd.
    
7,736
      
57,620
  
             
111,483
  
                 
Fintech Software - 6.8%
          
Bairong, Inc.(a)(c)(d)
    
24,000
      
35,245
  
GoTo Gojek Tokopedia Tbk PT(a)
    
14,115,800
      
78,720
  
Linklogis, Inc. - Class B(c)(d)
    
151,000
      
21,827
  
             
135,792
  
                 
Insurance - 3.5%
          
Ping An Insurance Group Co. of China Ltd.
    
6,000
      
25,098
  
Renaissance Insurance Group JSC(b)
    
196,320
      
0
  
Waterdrop, Inc. - ADR(a)(e)
    
29,076
      
28,494
  
ZhongAn Online P&C Insurance Co. Ltd. - Class H(a)(c)(d)
    
10,800
      
16,800
  
             
70,392
  
                 
Investment & Trading - 6.9%
          
Futu Holdings Ltd. - ADR(a)
    
956
      
44,664
  
Up Fintech Holding Ltd. - ADR(a)
    
6,568
      
24,499
  
XP, Inc. - Class A
    
2,752
      
67,644
  
             
136,807
  
                 
Lending & Credit - 12.4%
          
FinVolution Group - ADR
    
6,248
      
30,053
  
Jiayin Group, Inc. - ADR
    
6,312
      
34,716
  
Kaspi.KZ JSC - ADR
    
592
      
54,464
  
LexinFintech Holdings Ltd. - ADR
    
16,572
      
29,995
  
Lufax Holding Ltd. - ADR
    
7,736
      
18,334
  
Pagaya Technologies Ltd. - Class A(a)
    
43,752
      
51,190
  
Qifu Technology, Inc. - ADR
    
2,023
      
29,030
  
             
247,782
  
                 
Payment - 51.8%(f)
          
Alibaba Group Holding Ltd.
    
3,000
      
26,691
  
Dlocal Ltd./Uruguay(a)
    
3,004
      
48,394
  
EVERTEC, Inc.
    
1,532
      
61,525
  
Forth Smart Service PCL - NVDR
    
235,585
      
45,487
  
Grab Holdings Ltd. (a)
    
16,684
      
51,220
  
Green World FinTech Service Co. Ltd.
    
4,040
      
58,342
  
Jumia Technologies AG - ADR(a)(e)
    
23,312
      
67,372
  
Kakaopay Corp.(a)
    
1,904
      
67,548
  
Kginicis Co. Ltd.
    
7,004
      
64,286
  
MercadoLibre, Inc.(a)
    
46
      
78,744
  
Network International Holdings PLC(a)(c)(d)
    
11,388
      
56,181
  
Pagseguro Digital Ltd. - Class A(a)
    
7,228
      
93,024
  
PAX Global Technology Ltd.
    
77,000
      
53,880
  
Sea Ltd. - ADR(a)
    
1,220
      
46,531
  
StoneCo Ltd. - Class A(a)
    
5,440
      
93,515
  
Tencent Holdings Ltd.
    
800
      
27,693
  
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA
    
16,700
      
69,218
  
Yeahka Ltd.(a)
    
16,400
      
25,595
  
             
1,035,246
  
                 
Real Estate Services - 1.4%
          
KE Holdings, Inc. - ADR
    
1,944
      
27,546
  
TOTAL COMMON STOCKS (Cost $2,783,759)
      
1,979,815
  
                 
SHORT-TERM INVESTMENTS - 5.1%
                
Investments Purchased with Proceeds from Securities Lending - 4.4%
                
First American Government Obligations Fund - Class X, 5.18%(g)
    
87,289
      
87,289
  
                 
Money Market Funds - 0.7%
                
Invesco Government & Agency Portfolio - Institutional Class, 5.25%(g)
    
14,009
      
14,009
  
TOTAL SHORT-TERM INVESTMENTS (Cost $101,298)
      
101,298
  
                 
TOTAL INVESTMENTS - 104.3% (Cost $2,885,057)
      
2,081,113
  
Liabilities in Excess of Other Assets - (4.3)%
      
(85,034
)
TOTAL NET ASSETS - 100.0%
          
$
1,996,079
  

Percentages are stated as a percent of net assets.
 
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
GDR - Global Depositary Receipt
NVDR - Non-Voting Depositary Receipt
PLC - Public Limited Company
SA - Sociedad Anónima

(a)
Non-income producing security.
(b)
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 $0 or 0.0% of net assets as of January 31, 2024.
(c)
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 $130,053 or 6.5% of the Fund’s net assets.
(d)
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 $130,053 or 6.5% of net assets.
(e)
All or a portion of this security is on loan as of January 31, 2024. The total market value of these securities was $78,873 which represented 4.0% of net assets.
(f)
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.
(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 Emerging Markets FinTech ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
                        
        Banking
  
$
214,767
    
$
–
    
$
0
    
$
214,767
  
        Digital Assets/Wallets
    
111,483
      
–
      
–
      
111,483
  
        Fintech Software
    
135,792
      
–
      
–
      
135,792
  
        Insurance
    
70,392
      
–
      
0
      
70,392
  
        Investment & Trading
    
136,807
      
–
      
–
      
136,807
  
        Lending & Credit
    
247,782
      
–
      
–
      
247,782
  
        Payment
    
1,035,246
      
–
      
–
      
1,035,246
  
        Real Estate Services
    
27,546
      
–
      
–
      
27,546
  
  Common Stocks - Total
  
$
1,979,815
    
$
–
    
$
0
    
$
1,979,815
  
  Investments Purchased with Proceeds from Securities Lending
    
87,289
      
–
      
–
      
87,289
  
  Money Market Funds
    
14,009
      
–
      
–
      
14,009
  
Total Assets
  
$
2,081,113
    
$
–
    
$
0
    
$
2,081,113
  
                                 
   
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.

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
  
$
401,616
      
20.1
%
Brazil
    
381,019
      
19.1
  
Indonesia
    
235,869
      
11.8
  
South Korea
    
185,697
      
9.3
  
Uruguay
    
127,138
      
6.4
  
Hong Kong
    
98,544
      
4.9
  
Singapore
    
97,751
      
4.9
  
Germany
    
67,372
      
3.4
  
Puerto Rico
    
61,525
      
3.1
  
Taiwan
    
58,342
      
2.9
  
South Africa
    
57,620
      
2.9
  
United Arab Emirates
    
56,181
      
2.8
  
Kazakhstan
    
54,464
      
2.7
  
Israel
    
51,190
      
2.6
  
Thailand
    
45,487
      
2.3
  
Cyprus
    
0
      
–
  
Russia
    
0
      
–
  
Investments Purchased with Proceeds from Securities Lending
    
101,298
      
5.1
  
Liabilities in Excess of Other Assets
    
(85,034
)
    
(4.3
)
   
$
1,996,079
      
100.0
%