Amplify Emerging Markets FinTech ETF EMFQ
(formerly Amplify International Online Retail ETF)

MARKET PERFORMANCE		2
FUND PERFORMANCE		3
SCHEDULES OF INVESTMENTS		18
STATEMENTS OF ASSETS AND LIABILITIES		48
STATEMENTS OF OPERATIONS		51
STATEMENTS OF CHANGES IN NET ASSETS		54
FINANCIAL HIGHLIGHTS		69
NOTES TO THE FINANCIAL STATEMENTS		84
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		112
BOARD CONSIDERATIONS REGARDING APPROVAL OF INVESTMENT MANAGEMENT AGREEMENT AND SUB-ADVISORY AGREEMENT		114
DISCLOSURE OF FUND EXPENSES		126
TRUSTEES AND OFFICERS OF THE TRUST		129
ADDITIONAL INFORMATION		131
SUPPLEMENTAL INFORMATION		133
PRIVACY POLICY		134

Amplify ETF Trust (the “Trust”) files its complete schedule of fund holdings with the Securities and Exchange Commission (the “Commission”) for the first and third quarters of each fiscal year on Part F of Form N-PORT within sixty days after the end of the period. The Trust’s Part F of Form N-PORT is available on the Commission’s website at www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

A description of the policies and procedures that Amplify Investments LLC (the “Adviser”) uses to determine how to vote proxies relating to portfolio securities, as well as information relating to how a fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-855-267-3837 and (ii) on the Commission’s website at www.sec.gov.

Through the first three quarters of 2022, equity investors faced one of the most challenging stock market environments in decades. The US Federal Reserve continued its policy of raising interest rates aggressively to combat near record breaking inflation in the United States. While these policy moves appeared to begin to taper inflation, it significantly impacted valuations in stocks, especially those deemed to be growth oriented. Bonds, often the defensive alternative to stock market volatility, also suffered in 2022 due to rising interest rates. Adding to the downward pressure on equities in 2022 was rising geopolitical tensions. Russia’s invasion and war with Ukraine continued to keep markets on edge throughout the year due to the potential for escalation into broader conflict. In addition, China expanded its influence and presence in Hong Kong and the South China Sea, worrying the South Pacific region and allies including the US. Perhaps more controversially, the status of Taiwan became a growing wedge issue between China and the US. These tensions weighed on markets throughout 2022 and will continue to do so as these situations evolve.

The broad-based S&P 500 index declined 17.75% year to date which placed it near bear market territory after having seen even lower levels earlier in the year. Reviewing the eleven sectors that comprise the S&P 500 index shows a variety of significant performance differences through end of October 2022. In general, the more a sector had growth stock exposure, the worse it performed. On the other hand, sectors dominated by value stocks had much more attractive relative performance. Leading the pack with just over a 67% gain was the Energy sector. Energy stocks continued to see their products increase in demand as the economy worldwide ramped up from the COVID slowdown of 2020. In addition, the war in Ukraine continued to negatively impact the supply of oil due to sanctions on Russian oil. In short, it was an outstanding year for the Energy sector as it was the only positive sector in the S&P 500.

Coming in a distant second through fourth place were sectors down single digits which in 2022 was a win versus the S&P 500. Consumer Staples, Health Care, Utilities, and Industrials declined between 3.9 – 9.7% in 2022. These value focused sectors were simply less impacted than growth sectors due to lower price to earnings valuations to begin with. Moving to the sectors that were down mid double digits were the Financial sector off 11.73% and the Materials sector off 16.92%. These sectors were the buffer between the single digit losers and the rest of the S&P 500 sectors which lost 25% or more for the year. Technology, Real Estate, Consumer Discretionary and Communications sectors lost between 25 – 37% in 2022.

Looking forward to 2023, US investors will be watching the Federal Reserve’s pace of interest rate increases, inflation data and geopolitical tensions with nations including China, Iran, and Russia. It would not be surprising to see equity market volatility remain at increased levels in 2023.

Past performance does not guarantee future results.

Investing involves risk; Principal loss is possible.

Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security. Please see the Schedule of Investments for a complete list of Fund holdings.

S&P 500 Index: The S&P 500 is a market value weighted index and one of the common benchmarks for the U.S. stock market.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Five Year		Ten Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify High Income ETF	-24.46%	-24.75%	-3.80%	-3.89%	-1.02%	-1.12%	2.56%	2.46%	3.76%	3.73%
Hybrid SWM/ISE High Income Index(b)	-24.28%	-24.28%	-3.31%	-3.31%	-0.51%	-0.51%	2.80%	2.80%	3.99%	3.99%
ISE High Income Index	-24.28%	-24.28%	-3.31%	-3.31%	-0.51%	-0.51%	2.58%(c)	2.58%(c)	3.33%(c)	3.33%(c)
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	10.44%	10.44%	12.79%	12.79%	13.19%	13.19%

(a) Fund commenced operations on June 11, 2012.

(b) Reflects performance of Sustainable North American Oil Sands Index® through June 20, 2013 and ISE High Income Index thereafter.

(c) This figure represents performance of the ISE High Income IndexTM after the change in the index strategy utilized by the Fund beginning on June 20, 2013, and not during the previous 10 years or since inception.

The Fund is the successor to the investment performance of the YieldShares High Income Fund (the “Predecessor High Income Fund”) as a result of the reorganization of the Predecessor High Income Fund into the Fund on October 7, 2019. Accordingly, the performance information shown in the chart and table above for periods prior to October 7, 2019 is that of the Predecessor High Income Fund’s Shares for the Fund. The Predecessor High Income Fund was managed by the same portfolio managers as the Fund and had substantially the same investment objectives, policies, and strategies as the Fund.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Prior to June 20, 2013, the Fund sought to provide investment results that, before fees and expenses, corresponded generally to the price and yield performance of the SWM Index. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Five Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Online Retail ETF	-63.80%	-63.68%	-5.89%	-5.78%	1.56%	1.53%	7.63%	7.66%
EQM Online Retail Index	-63.90%	-63.90%	-5.67%	-5.67%	1.78%	1.78%	7.92%	7.92%
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	10.44%	10.44%	11.85%	11.85%

(a) Fund commenced operations on April 19, 2016.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Five Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify CWP Enhanced Dividend Income ETF	0.14%	0.24%	11.84%	11.95%	11.45%	11.40%	12.02%	12.05%
Cboe S&P 500 BuyWrite Index	-9.97%	-9.97%	1.80%	1.80%	3.04%	3.04%	4.24%	4.24%
Dow Jones Industrial Average	-8.62%	-8.62%	6.57%	6.57%	6.96%	6.96%	8.82%	8.82%

(a) Fund commenced operations on December 13, 2016.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Transformational Data Sharing ETF	-61.76%	-60.82%	6.53%	7.64%	2.31%	2.85%
MSCI AC World Index Net	-19.96%	-19.96%	4.85%	4.85%	3.81%	3.81%
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	9.10%	9.10%

(a) Fund commenced operations on January 16, 2018.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Lithium & Battery Technology ETF	-34.28%	-34.61%	7.95%	7.88%	-8.61%	-8.66%
EQM Lithium & Battery Technology Index(b)	-34.46%	-34.46%	N/A	N/A	7.95%	7.95%(c)
MSCI AC World Index Metals & Mining Net Index	-12.75%	-12.75%	9.53%	9.53%	4.56%	4.56%
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	9.99%	9.99%

(a) Fund commenced operations on June 4, 2018.

(b) On October 14, 2020, the Fund ceased being an actively-managed fund and began following the EQM Lithium & Battery Technology Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to October 14, 2020 are not necessarily indicative of the performance that the Fund, based on its current index and investment objective, would have generated. Performance data is not available for all the periods shown in the table for the Index because performance data does not exist for some of the entire periods.

(c) This figure represents performance of the EQM Lithium & Battery Technology Index after the change in the index strategy utilized by the Fund beginning on October 14, 2020, and not since inception. The Net Asset Value return for the period beginning on October 14, 2020 was 7.73%.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify BlackSwan Growth & Treasury Core ETF	-26.77%	-26.79%	-1.45%	-1.65%	2.65%	2.63%
S-Network BlackSwan Core Total Return Index	-26.08%	-26.08%	-0.56%	-0.56%	3.58%	3.58%
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	10.99%	10.99%

(a) Fund commenced operations on November 5, 2018.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Emerging Markets FinTech ETF	-57.00%	-57.27%	-11.17%	-11.31%	-7.40%	-7.54%
Hybrid EQM International Ecommerce/EQM Emerging Markets Fintech Index(b)	-57.04%	-57.04%	-10.96%	-10.96%	-6.97%	-6.97%
EQM Emerging Markets FinTech Index	-51.12%	-51.12%	1.13%(c)	1.13%(c)	3.98%(c)	3.98%(c)
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	12.66%	12.66%

(a) Fund commenced operations on January 29, 2019.

(b) Reflects performance of EQM International Ecommerce Index through February 9, 2022 and EQM Emerging Markets FinTech Index thereafter.

(c) This figure represents performance of the EQM Emerging Markets FinTech Index after the change in the index strategy utilized by the Fund beginning on February 9, 2022, and not during the previous 3 years or since inception.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Three Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Seymour Cannabis ETF	-60.58%	-60.26%	-24.07%	-23.98%	-32.16%	-32.01%
S&P 500 Index	-14.61%	-14.61%	10.22%	10.22%	10.07%	10.07%

(a) Fund commenced operations on July 22, 2019.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify BlackSwan ISWN ETF	-29.51%	-29.45%	-16.95%	-16.96%
S-Network BlackSwan International Index	-28.87%	-28.87%	-16.36%	-16.36%
MSCI EAFE Net Index	-23.00%	-23.00%	-9.47%	-9.47%

(a) Fund commenced operations on January 25, 2021.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Thematic All-Stars ETF	-43.07%	-43.39%	-29.18%	-29.34%
ETF All-Stars Thematic Composite Index	-42.87%	-42.87%	-28.81%	-28.81%
S&P 500 Index	-14.61%	-14.61%	-6.85%	-6.85%

(a) Fund commenced operations on July 20, 2021.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Growth of a $10,000 Investment

(at Net Asset Value)

	ANNUALIZED RETURNS
	One Year		Inception to Date(a)
	Net Asset Value	Market Price	Net Asset Value	Market Price
Amplify Digital & Online Trading ETF	-46.83%	-46.93%	-40.38%	-40.37%
BlueStar® Global E-Brokers and Digital Capital Markets Index	-46.83%	-46.83%	-40.34%	-40.34%
S&P 500 Index	-14.61%	-14.61%	-8.68%	-8.68%

(a) Fund commenced operations on September 21, 2021.

The performance data quoted herein represents past performance and the return and value of an investment in the Fund will fluctuate so that shares, when redeemed or sold in the market, may be worth more or less than their original cost. Past performance is no guarantee of future performance and should not be considered as a representation of the future results of the Fund. The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Index returns assume reinvestment of dividends and, unlike a Fund’s returns, do not reflect any fees or expenses. If such fees and expenses were included in the index returns, the performance would have been lower. Please note that one cannot invest directly in an unmanaged index.

There are no assurances that the Fund will meet its stated objectives.

The Fund’s holdings and allocations are subject to change and should not be considered recommendations to buy individual securities.

Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Description	Shares	Value
INVESTMENT COMPANIES — 99.6%
Equity — 9.7%
Aberdeen Total Dynamic Dividend Fund	1,111,632	$	8,337,240
BlackRock Enhanced Global Dividend Trust	431,140		4,031,159
BlackRock Enhanced International Dividend Trust	1,372,183		6,408,095
Liberty All-Star Equity Fund	1,664,790		10,121,923
			28,898,417
Fixed Income — 89.9%
Aberdeen Asia-Pacific Income Fund, Inc.	3,070,075		7,276,078
AllianceBernstein Global High Income Fund, Inc.	680,950		6,516,691
Blackrock Capital Allocation Trust(a)	356,925		5,121,874
BlackRock Core Bond Trust	329,747		3,320,552
BlackRock Corporate High Yield Fund, Inc.	333,862		2,904,599
BlackRock Credit Allocation Income Trust	884,600		8,713,310
BlackRock Multi-Sector Income Trust	237,046		3,420,574
BlackRock Taxable Municipal Bond Trust	363,731		6,230,712
Blackstone Strategic Credit Fund	677,995		7,132,507
Brookfield Real Assets Income Fund, Inc.	530,104		9,144,294
Cohen & Steers Limited Duration Preferred and Income Fund, Inc.	200,232		3,810,415
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund(a)	497,768		8,755,739
DoubleLine Income Solutions Fund	763,585		8,483,429
DoubleLine Yield Opportunities Fund	633,775		8,321,466
Eaton Vance Limited Duration Income Fund	172,791		1,632,875
First Trust High Yield Opportunities 2027 Term Fund(a)	644,334		8,930,469

Description	Shares	Value
First Trust Intermediate Duration Preferred & Income Fund	488,869	$	8,012,563
Flaherty & Crumrine Preferred and Income Securities Fund, Inc.	153,564		2,275,819
Guggenheim Active Allocation Fund/DE	402,206		5,417,715
Highland Income Fund	693,571		7,816,545
Invesco Senior Income Trust	2,349,535		8,834,252
Invesco Value Municipal Income Trust	164,326		1,853,597
MainStay CBRE Global Infrastructure Megatrends Fund	561,192		7,351,615
Nuveen AMT-Free Municipal Credit Income Fund	210,463		2,321,407
Nuveen Credit Strategies Income Fund	1,731,052		8,724,502
Nuveen Floating Rate Income Fund	565,110		4,492,625
Nuveen Municipal Credit Income Fund	336,257		3,641,663
Nuveen Preferred & Income Opportunities Fund	1,024,887		7,553,417
Nuveen Preferred & Income Securities Fund	1,178,889		7,945,712
Oxford Lane Capital Corp.(a)	1,763,220		9,380,330
PGIM Global High Yield Fund, Inc.	807,910		8,571,925
PIMCO Access Income Fund	598,868		9,414,205
PIMCO Corporate & Income Opportunity Fund	663,938		8,027,010
PIMCO Corporate & Income Strategy Fund	131,439		1,621,957
Pimco Dynamic Income Fund	519,832		10,313,467
PIMCO Dynamic Income Opportunities Fund	665,280		8,828,266
PIMCO High Income Fund	1,155,311		5,545,493
PIMCO Income Strategy Fund II	789,331		5,722,650
Thornburg Income Builder Opportunities Trust	610,076		8,229,925
Western Asset Diversified Income Fund	656,494		8,153,656
Western Asset Emerging Markets Debt Fund, Inc.	1,024,358		8,297,300
			268,063,200
Total Investment Companies (Cost $376,077,910)			296,961,617

MONEY MARKET FUNDS — 0.0%(b)
Invesco Government & Agency Portfolio - Institutional Class — 3.05%(c)	58,426		58,426
Total Money Market Funds (Cost $58,426)			58,426

Description	Shares	Value
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 2.7%
First American Government Obligations Fund - Class X — 2.89%(c)	7,842,075	$	7,842,075
Total Investments Purchased with Proceeds from Securities Lending (Cost $7,842,075)			7,842,075

Total Investments — 102.3% (Cost $383,978,411)		$	304,862,118

Percentages are based on Net Assets of $298,061,672.

(a) All or a portion of this security is out on loan as of October 31, 2022. Total value of securities out on loan is $7,590,447 or 2.5% of net assets.

(b) Less than 0.05%.

Description	Shares	Value
COMMON STOCKS — 99.5%
Marketplace — 43.3%
Affirm Holdings, Inc.(a)	158,033	$	3,171,722
Alibaba Group Holding Ltd.(a)	154,200		1,207,135
BigCommerce Holdings, Inc.(a)	245,430		3,647,090
Copart, Inc.(a)	42,239		4,858,330
Coupang, Inc.(a)	139,438		2,408,094
Dada Nexus Ltd. - ADR(a)	224,877		694,870
Delivery Hero SE(a)(b)	52,267		1,722,623
DingDong Cayman Ltd. - ADR(a)	355,094		933,897
DoorDash, Inc. - Class A(a)	61,478		2,676,137
Etsy, Inc.(a)	45,916		4,311,972
Fiverr International Ltd.(a)	32,081		992,907
Global-e Online Ltd.(a)	75,084		1,898,874
Groupon, Inc.(a)(c)	258,851		1,907,732
JD.com, Inc. - Class A	62,800		1,160,852
Jumia Technologies AG - ADR(a)(c)	238,398		1,182,454
Just Eat Takeaway.com NV(a)(b)	73,187		1,255,597
KE Holdings, Inc. - ADR(a)	129,372		1,317,007
Liquidity Services, Inc.(a)	339,589		5,834,139
Lyft, Inc. - Class A(a)	232,796		3,408,133
Meituan - Class B(a)(b)	89,700		1,426,122
MercadoLibre, Inc.(a)	1,830		1,649,965
Ozon Holdings PLC - ADR(a)(c)(d)	106,678		—
PayPal Holdings, Inc.(a)	54,132		4,524,353
Pinduoduo, Inc. - ADR(a)	41,107		2,253,897
Poshmark, Inc. - Class A(a)	397,390		7,097,385
Rakuten Group, Inc.	262,500		1,175,729
Sea Ltd. - ADR(a)	20,678		1,027,283
Shopify, Inc. - Class A(a)	38,400		1,314,432
The RealReal, Inc.(a)	846,392		1,430,403
ThredUp, Inc. - Class A(a)	692,293		851,520
Uber Technologies, Inc.(a)	178,621		4,745,960
Upwork, Inc.(a)	226,392		3,044,972
Vivid Seats, Inc. - Class A(a)(c)	498,418		4,087,028
VTEX - Class A(a)	330,539		1,381,653
			80,600,267

Description	Shares	Value
Traditional Retail — 45.7%
1-800-Flowers.com, Inc. - Class A(a)	428,621	$	3,124,647
About You Holding SE

	TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2022
	Inception to Date(a)
	Net Asset Value	Market Price
Amplify BlackSwan Tech & Treasury ETF	-31.07%	-31.05%
S-Network BlackSwan Tech & Treasury Index	-30.95%	-30.95%
Nasdaq 100 Total Return Index	-29.94%	-29.94%

	TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2022
	Inception to Date(a)
	Net Asset Value	Market Price
Amplify Inflation Fighter ETF	-17.76%(b)	-17.93%
S&P 500 Index	-13.80%	-13.80%

	TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2022
	Inception to Date(a)
	Net Asset Value	Market Price
Amplify Natural Resources Dividend Income ETF	-2.16%	-2.12%
EQM Natural Resources Dividend Income Index	-1.71%	-1.71%
MSCI AC World Index Ex USA Net Index	-9.04%	-9.04%

	TOTAL RETURN FOR THE PERIOD ENDED OCTOBER 31, 2022
	Inception to Date(a)
	Net Asset Value	Market Price
Amplify International Enhanced Dividend Income ETF	-2.14%	-2.02%
MSCI AC World Index Ex USA Net Index	-4.30%	-4.30%