Amplify Junior Silver Miners ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.7%
  
Shares
    
Value
 
Materials - 99.7% (a)
        
AbraSilver Resource Corp. (b)
    
3,448,101
    
$
26,865,379
  
Aftermath Silver Ltd. (b)
    
7,705,248
      
6,014,675
  
Alaska Silver Corp. (b)(c)
    
1,182,748
      
1,069,931
  
Almaden Minerals Ltd. (b)
    
65,516
      
9,320
  
Americas Gold & Silver Corp. (b)(c)
    
5,498,635
      
28,240,299
  
Andean Precious Metals Corp. (b)
    
1,209,580
      
8,612,439
  
Artemis Gold, Inc. (b)
    
3,810,870
      
102,003,152
  
Avino Silver & Gold Mines Ltd. (b)(c)
    
7,511,254
      
46,644,887
  
Aya Gold & Silver, Inc. (b)
    
5,802,124
      
83,132,384
  
Boliden AB (b)
    
2,217,083
      
123,903,454
  
Chesapeake Gold Corp. (b)
    
544,260
      
1,647,769
  
Cia de Minas Buenaventura SAA - ADR
    
3,702,527
      
103,041,326
  
Coeur Mining, Inc. (b)
    
18,014,709
      
321,202,261
  
Copper Fox Metals, Inc. (b)
    
3,306,570
      
1,688,564
  
Dolly Varden Silver Corp. (b)
    
1,381,328
      
6,046,302
  
Endeavour Silver Corp. (b)
    
18,104,428
      
170,181,623
  
Falco Resources Ltd. (b)(c)
    
3,780,287
      
1,172,075
  
First Majestic Silver Corp.
    
24,221,799
      
403,535,171
  
First Mining Gold Corp. (b)
    
21,947,244
      
8,485,894
  
Fortuna Mining Corp. (b)
    
9,581,763
      
93,997,095
  
Franco-Nevada Corp.
    
400,856
      
83,089,432
  
Fresnillo PLC
    
1,359,582
      
60,968,787
  
GoGold Resources, Inc. (b)
    
5,096,218
      
10,818,891
  
Guanajuato Silver Co. Ltd. (b)
    
14,815,254
      
7,241,452
  
Hecla Mining Co.
    
24,033,603
      
461,204,842
  
Heliostar Metals Ltd. (b)
    
4,361,213
      
8,049,512
  
Hochschild Mining PLC
    
6,602,931
      
45,605,136
  
Hycroft Mining Holding Corp. (b)
    
2,838,448
      
67,469,909
  
i-80 Gold Corp. (b)(c)
    
8,191,162
      
11,959,097
  
IMPACT Silver Corp. (b)
    
5,454,532
      
1,631,485
  
Industrias Penoles SAB de CV (b)
    
662,373
      
34,850,336
  
KGHM Polska Miedz SA (b)
    
1,868,824
      
145,962,889
  
Kingsgate Consolidated, Ltd. (b)
    
2,728,329
      
10,243,128
  
Manuka Resources Ltd. (b)
    
29,950,947
      
1,897,412
  
McEwen, Inc. (b)(c)
    
1,399,593
      
25,906,466
  
Minera Frisco SAB de CV (b)
    
198,224
      
97,682
  
OR Royalties, Inc.
    
2,921,746
      
103,400,591
  
Osisko Metals, Inc. (b)
    
6,898,742
      
3,824,945
  
Pan American Silver Corp.
    
2,507,443
      
129,910,622
  
Panoro Minerals Ltd. (b)
    
1,500
      
432
  
Paramount Gold Nevada Corp. (b)
    
2,658,625
      
3,349,867
  
Perpetua Resources Corp. (b)
    
5,929,138
      
143,544,431
  
Royal Gold, Inc.
    
296,020
      
65,802,286
  
Santacruz Silver Mining Ltd. (b)
    
1,799,442
      
17,367,583
  
Seabridge Gold, Inc. (b)
    
4,100,093
      
121,321,752
  
Silver Mines Ltd. (b)
    
65,854,478
      
9,661,298
  
Silver Mountain Resources, Inc. (b)
    
940,136
      
2,770,855
  
Silver Storm Mining Ltd. (b)(c)
    
13,310,228
      
5,534,802
  
Silvercorp Metals, Inc. (c)
    
10,844,406
      
90,442,346
  
Skeena Resources Ltd. (b)
    
3,007,855
      
71,534,615
  
SSR Mining, Inc. (b)
    
5,185,120
      
113,657,830
  
Trevali Mining Corp. (b)(d)
    
967,999
      
0
  
Trilogy Metals, Inc. (b)(c)
    
18,671,340
      
80,473,475
  
Triple Flag Precious Metals Corp.
    
2,786,747
      
92,575,735
  
Tudor Gold Corp. - Class A (b)
    
4,626,728
      
2,970,287
  
Vizsla Silver Corp. (b)(c)
    
13,701,975
      
74,949,803
  
Volcan Cia Minera SAA (b)
    
14,321,618
      
3,151,727
  
West Vault Mining, Inc. (b)
    
18,452
      
34,057
  
Western Copper & Gold Corp. (b)
    
4,872,834
      
13,010,467
  
Wheaton Precious Metals Corp.
    
1,892,317
      
222,385,094
  
TOTAL COMMON STOCKS (Cost $2,129,093,814)
      
3,886,165,356
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.4%
  
Shares
    
Value
 
First American Government Obligations Fund - Class X, 3.67% (e)
    
54,294,649
      
54,294,649
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $54,294,649)
      
54,294,649
  
                 
MONEY MARKET FUNDS - 0.2%
  
Shares
    
Value
 
Invesco Government & Agency Portfolio - Institutional Class, 3.68% (e)
    
9,858,163
      
9,858,163
  
TOTAL MONEY MARKET FUNDS (Cost $9,858,163)
      
9,858,163
  
                 
TOTAL INVESTMENTS - 101.3% (Cost $2,193,246,626)
      
3,950,318,168
  
Liabilities in Excess of Other Assets - (1.3)%
      
(52,221,247
)
TOTAL NET ASSETS - 100.0%
          
$
3,898,096,921
  
                 
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

(a)
To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b)
Non-income producing security.
(c)
All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $49,300,366.
(d)
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 December 31, 2025.
(e)
The rate shown represents the 7-day annualized yield as of December 31, 2025.

 
Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Amplify Junior Silver Miners ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of December 31, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
3,886,165,356
    
$
–
    
$
0
    
$
3,886,165,356
  
  Investments Purchased with Proceeds from Securities Lending
    
54,294,649
      
–
      
–
      
54,294,649
  
  Money Market Funds
    
9,858,163
      
–
      
–
      
9,858,163
  
Total Investments
  
$
3,950,318,168
    
$
–
    
$
0
    
$
3,950,318,168
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.