UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-23108
Amplify ETF Trust
(Exact name of registrant as specified in charter)
3333 Warrenville Road Suite #350
Lisle, IL 60532
(Address of principal executive offices) (Zip code)
Christian Magoon
Amplify ETF Trust
3333 Warrenville Road Suite #350
Lisle, IL 60532
(Name and address of agent for service)
With copies to:
Morrison C. Warren, Esq.
Chapman and Cutler LLP
111 West Monroe Street
Chicago, IL 60603
(855)-267-3837
Registrant’s telephone number, including area code
Date of fiscal year end: September 30
Date of reporting period: September 30, 2024
Item 1. Reports to Stockholders.
| | |
| Amplify AI Powered Equity ETF | |
AIEQ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify AI Powered Equity ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify AI Powered Equity ETF | $85 | 0.75% |
WHAT FACTORS INFLUENCED PERFORMANCE
• During the Period the Fund changed from an actively managed strategy to an index tracking strategy. The exposure and holdings in the Fund change on a monthly basis based on the proprietary EquBot methodology. Over the period the Fund produced positive returns that lagged the S&P 500 Index as the selection methodology struggled to keep pace with the Information Technology driven returns of the S&P 500 Index.
• Information Technology and Financials were the top contributing sectors to performance while Materials was the only detractor to performance for the Period.
• During the Period, Energy was held with the largest overweight relative to its benchmark while Utilities were held with the largest underweight.
• During the Period, Coherent Corp and Cloudflare Inc were the top contributors to performance while Arcadium Lithium Plc and Advanced Micro Devices Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify AI Powered Equity ETF | PAGE 1 | TSR-AR-032108565 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(10/17/2017) |
Amplify AI Powered Equity ETF NAV | 27.00 | 8.39 | 8.22 |
S&P 500 TR | 36.35 | 15.98 | 14.33 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $106,040,331 |
Number of Holdings | 119 |
Net Advisory Fee | $796,876 |
Portfolio Turnover | 1,159% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Alphabet, Inc. - Class A | 5.8% |
Philip Morris International, Inc. | 5.4% |
Progressive Corp. | 5.3% |
Adobe Systems, Inc. | 4.5% |
Coinbase Global, Inc. - Class A | 3.3% |
Monolithic Power Systems, Inc. | 2.5% |
NVIDIA Corp. | 2.3% |
Western Digital Corporation | 2.3% |
Citizens Financial Group, Inc. | 2.2% |
Howmet Aerospace, Inc. | 2.1% |
| * | 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. |
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the AI Powered Equity ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify AI Powered Equity ETF | PAGE 2 | TSR-AR-032108565 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify AI Powered Equity ETF | PAGE 3 | TSR-AR-032108565 |
118531157813654182971309113641173241159812091139231810015300186072537129.416.711.39.89.68.56.43.42.42.5
| | |
| Amplify Alternative Harvest ETF | |
MJ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Alternative Harvest ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Alternative Harvest ETF | $39 | 0.39% |
WHAT FACTORS INFLUENCED PERFORMANCE
• Health Care was the top contributing sector to performance over the Period while Information Technology was the biggest detractor to performance.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• The Fund is focused on providing exposure to companies in the cannabis industry. Regulatory uncertainty around the Federal legalization of cannabis has dampened investor interest and hurt performance of cannabis related companies.
• During the Period, Innovative Industrial Properties and Turning Point Brands were the top contributors to performance while 22nd Century Group and Charlottes Web Holdings were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Alternative Harvest ETF | PAGE 1 | TSR-AR-032108631 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(12/03/2015) |
Amplify Alternative Harvest ETF NAV | 0.40 | -27.41 | -16.06 |
S&P 500 TR | 36.35 | 15.98 | 14.46 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $229,261,437 |
Number of Holdings | 27 |
Net Advisory Fee | $938,545 |
Portfolio Turnover | 45% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Amplify U.S. Alternative Harvest ETF | 48.5% |
First American Government Obligations Fund | 14.2% |
Innovative Industrial Properties, Inc. | 8.1% |
Tilray Brands, Inc. | 7.4% |
SNDL, Inc. | 5.9% |
Cronos Group, Inc. | 4.8% |
Canopy Growth Corp. | 4.2% |
Aurora Cannabis, Inc. | 3.4% |
Chicago Atlantic Real Estate Finance, Inc. | 2.6% |
AFC Gamma, Inc. | 1.8% |
| * | Percentages are stated as a percent of net assets. |
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the ETFMG Alternative Harvest ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Alternative Harvest ETF | PAGE 2 | TSR-AR-032108631 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Alternative Harvest ETF | PAGE 3 | TSR-AR-032108631 |
1236814870194241057756247924261121232132107691277315061157021808023505198682416432947
| | |
| Amplify BlackSwan Growth & Treasury Core ETF | |
SWAN (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify BlackSwan Growth & Treasury Core ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify BlackSwan Growth & Treasury Core ETF | $52 | 0.49% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is primarily allocated to US Treasury holdings and achieves its equity exposure through long-dated call options. In a rising equity market the Fund tends to appreciate, but underperform the equity benchmark. This was the case over the Period. In a falling equity market, the equity exposure through long-dated call options can limit the losses relative to the equity benchmark.
• The long-dated call options returned 272.35% for the period while the Treasuries returned 11.81%. The performance numbers reflect their total return during the period.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(11/05/2018) |
Amplify BlackSwan Growth & Treasury Core ETF NAV | 30.57 | 4.79 | 6.52 |
S&P 500 TR | 36.35 | 15.98 | 15.37 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
| Amplify BlackSwan Growth & Treasury Core ETF | PAGE 1 | TSR-AR-032108888 |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $290,916,071 |
Number of Holdings | 13 |
Net Advisory Fee | $821,274 |
Portfolio Turnover | 61% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
SPDR S&P 500 ETF | 11.4% |
United States Treasury Note/Bond | 8.2% |
United States Treasury Note/Bond | 8.2% |
United States Treasury Note/Bond | 8.2% |
United States Treasury Note/Bond | 8.2% |
United States Treasury Note/Bond | 8.1% |
United States Treasury Note/Bond | 8.1% |
United States Treasury Note/Bond | 8.1% |
United States Treasury Note/Bond | 8.1% |
United States Treasury Note/Bond | 8.1% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify BlackSwan Growth & Treasury Core ETF | PAGE 2 | TSR-AR-032108888 |
114891322214519111781111714515110801275916587140201705123250
| | |
| Amplify BlackSwan ISWN ETF | |
ISWN (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify BlackSwan ISWN ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify BlackSwan ISWN ETF | $50 | 0.49% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is primarily allocated to US Treasury holdings and achieves its equity exposure through long-dated call options during the Period. In a rising equity market the Fund tends to appreciate, but underperform the equity benchmark. This was the case over the Period. In a falling equity market, the equity exposure through long-dated call options can limit the losses relative to the equity benchmark.
• The long-dated call options returned 183.75% for the period while the Treasuries returned 11.83%. The performance numbers reflect their total return during the period.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify BlackSwan ISWN ETF | PAGE 1 | TSR-AR-032108821 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(01/25/2021) |
Amplify BlackSwan ISWN ETF NAV | 20.25 | -3.16 |
MSCI EAFE Net (USD) | 24.77 | 6.21 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $37,986,421 |
Number of Holdings | 13 |
Net Advisory Fee | $172,823 |
Portfolio Turnover | 32% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
iShares MSCI EAFE ETF | 9.3% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.5% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.4% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify BlackSwan ISWN ETF | PAGE 2 | TSR-AR-032108821 |
100247341739088861063579621000512482
| | |
| Amplify BlackSwan Tech & Treasury ETF | |
QSWN (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify BlackSwan Tech & Treasury ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify BlackSwan Tech & Treasury ETF | $51 | 0.49% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is primarily allocated to US Treasury holdings and achieves its equity exposure through long-dated call options. In a rising equity market, the Fund tends to appreciate but underperform the equity benchmark. This was the case over the Period. In a falling equity market, the equity exposure through long-dated call options can limit the losses relative to the equity benchmark.
• The long-dated call options returned 204.20% for the period while the Treasuries returned 11.83%. The performance numbers reflect their total return during the period.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify BlackSwan Tech & Treasury ETF | PAGE 1 | TSR-AR-032108755 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(12/08/2021) |
Amplify BlackSwan Tech & Treasury ETF NAV | 27.43 | -1.74 |
NASDAQ 100 Total Return Index | 37.48 | 8.36 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $2,762,409 |
Number of Holdings | 13 |
Net Advisory Fee | $11,452 |
Portfolio Turnover | 39% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Invesco QQQ Trust Series 1 | 9.9% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.4% |
United States Treasury Note/Bond | 8.3% |
United States Treasury Note/Bond | 8.3% |
United States Treasury Note/Bond | 8.3% |
United States Treasury Note/Bond | 8.3% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify BlackSwan Tech & Treasury ETF | PAGE 2 | TSR-AR-032108755 |
7013746995176736911512530
| | |
| Amplify BlueStar Israel Technology ETF | |
ITEQ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify BlueStar Israel Technology ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify BlueStar Israel Technology ETF | $81 | 0.75% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund has significant exposure to Israeli listed companies in the Technology sector. Israeli listed and domiciled companies experienced volatility over the Period as the Hamas attack created uncertainty, leading to some of the underperformance against the S&P 500 Index.
• Information Technology was the top contributing sector to the Fund’s performance while Consumer Discretionary was the biggest detractor to the performance for the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight.
• During the Period, Cyberark Software Ltd and Monday.com Ltd were the top contributors to performance while Solaredge Technologies Inc and Inmode Ltd were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify BlueStar Israel Technology ETF | PAGE 1 | TSR-AR-032108599 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(11/02/2015) |
Amplify BlueStar Israel Technology ETF NAV | 16.18 | 3.87 | 7.81 |
S&P 500 TR | 36.35 | 15.98 | 14.01 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $88,658,504 |
Number of Holdings | 55 |
Net Advisory Fee | $629,051 |
Portfolio Turnover | 21% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Check Point Software Technologies, Ltd. | 8.8% |
Monday.com Ltd. | 8.4% |
CyberArk Software, Ltd. | 8.4% |
Amdocs, Ltd. | 7.3% |
Nice Ltd. | 7.2% |
Wix.com, Ltd. | 6.5% |
SentinelOne, Inc. - Class A | 4.6% |
Elbit Systems Ltd. | 4.4% |
Tower Semiconductor Ltd. | 3.6% |
Nova Ltd. | 3.5% |
| * | 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. |
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the BlueStar Israel Technology ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
| Amplify BlueStar Israel Technology ETF | PAGE 2 | TSR-AR-032108599 |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify BlueStar Israel Technology ETF | PAGE 3 | TSR-AR-032108599 |
10231126001454316168225062695317918168221954310520124781471315339176622296219409236053218673.18.04.74.34.23.32.10.3
| | |
| Amplify Cash Flow Dividend Leaders ETF | |
COWS (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Cash Flow Dividend Leaders ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Cash Flow Dividend Leaders ETF | $0 | 0.00% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• During the Period, the Information Technology sector was the best performing sector in the S&P 500. Many companies in that sector don’t pay dividends and therefore aren’t eligible to be included in the Fund. This underweight was the primary detractor of Fund returns relative to the S&P 500 Index.
• Consumer Discretionary and information technology were the top contributing sectors to performance while Energy was the only detractor to performance to performance for the Period.
• During the Period, Energy was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Williams-Sonoma Inc and Academy Sports & Outdoors Inc were the top contributors to performance while PBF Energy Inc and Concentrix Corp were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Cash Flow Dividend Leaders ETF | PAGE 1 | TSR-AR-032108698 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(09/12/2023) |
Amplify Cash Flow Dividend Leaders ETF NAV | 22.93 | 19.83 |
S&P 500 TR | 36.35 | 29.47 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $18,112,113 |
Number of Holdings | 54 |
Net Advisory Fee | $0 |
Portfolio Turnover | 140% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Vistra Corp. | 3.5% |
Williams-Sonoma, Inc. | 2.7% |
CF Industries Holdings, Inc. | 2.6% |
Owens Corning | 2.6% |
Brunswick Corp./DE | 2.6% |
Comcast Corp. - Class A | 2.5% |
eBay, Inc. | 2.5% |
Timken Co. | 2.5% |
Fidelity National Financial, Inc. | 2.5% |
Schlumberger NV | 2.5% |
| * | 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. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Changes to Shareholder Fees (fees paid directly from your investment):
Effective August 13, 2024, Amplify Investments LLC, the investment adviser to the Fund, has agreed to extend the fee waiver currently in effect such that it will waive the management fees for the Fund for assets under management up to $100 million until at least September 11, 2025.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Cash Flow Dividend Leaders ETF | PAGE 2 | TSR-AR-032108698 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Cash Flow Dividend Leaders ETF | PAGE 3 | TSR-AR-032108698 |
98351209096171311323.322.820.010.74.84.84.34.23.41.7
| | |
| Amplify Cash Flow High Income ETF | |
HCOW (Principal U.S. Listing Exchange: NasdaqNASDAQ) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Cash Flow High Income ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Cash Flow High Income ETF | $65 | 0.65% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Consumer Discretionary and Information Technology sectors were the top contributing sectors to performance, while the Energy sector was the biggest detractor to the Fund’s performance through the COWS ETF exposure during the Period.
• As of the end of the Period, through the COWS ETF exposure, the Fund’s portfolio maintains an overweight to the Energy sector and an underweight to the Utilities sector, relative to the broad-market benchmark.
• During the Period, top contributors to the Fund’s overall performance through the COWS ETF exposure during the Period, William-Sonoma Inc and Academy Sports & Outdoors, while PBF Energy Inc and Concentrix Corp were the top detractors to performance.
• The Call Income Strategy provides exposure to sold call options contracts on the S&P 500. When the S&P 500 Index appreciates above the strike price as of the expiration date of the written option, the Fund as the writer (seller) of the call option will have to pay the difference between the value of the S&P 500 Index and the strike price through a reduction in the Fund’s investment in the COWS ETF.
• The S&P 500 exhibited strong performance over the period and, as a result, the Call Income Strategy detracted from performance. In addition, while the allocation to Information Technology provided a positive contribution to performance, the lower weight in the Fund relative to the S&P 500 detracted from overall returns as well.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Cash Flow High Income ETF | PAGE 1 | TSR-AR-032108680 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(09/19/2023) |
Amplify Cash Flow High Income ETF NAV | 13.47 | 12.11 |
S&P 500 TR | 36.35 | 30.56 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $1,551,855 |
Number of Holdings | 3 |
Net Advisory Fee | $17,110 |
Portfolio Turnover | 0% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Amplify Cash Flow Dividend Leaders ETF | 98.3% |
Invesco Government & Agency Portfolio | 0.2% |
RCXTAMU1 SWAP | -0.4% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Cash Flow High Income ETF | PAGE 2 | TSR-AR-032108680 |
991411250965313162
| | |
| Amplify CWP Enhanced Dividend Income ETF | |
DIVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify CWP Enhanced Dividend Income ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify CWP Enhanced Dividend Income ETF | $56 | 0.54% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Financials and Information Technology sectors were the top contributing sectors to performance, and the Energy sector detracted from performance over the Period.
• During the Period, Consumer Staples was held with the largest overweight relative to S&P 500 Index while Information Technology was held with the largest underweight. The Information Technology sector was the best performing sector in the S&P 500. Many companies in that sector don’t pay dividends and therefore aren’t eligible to be included in the Fund.
• The Fund sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited, this was also a contributor to the underperformance over the Period.
• Goldman Sachs Group Inc and Caterpillar Inc were the top contributors to performance while Schlumberger Ltd and Chevron Corp were the top detractors for the Period.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(12/13/2016) |
Amplify CWP Enhanced Dividend Income ETF NAV | 24.57 | 12.30 | 12.38 |
S&P 500 TR | 36.35 | 15.98 | 14.66 |
| Amplify CWP Enhanced Dividend Income ETF | PAGE 1 | TSR-AR-032108409 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $3,612,985,677 |
Number of Holdings | 34 |
Net Advisory Fee | $15,710,456 |
Portfolio Turnover | 73% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Caterpillar, Inc. | 5.6% |
UnitedHealth Group, Inc. | 5.6% |
Home Depot, Inc. | 5.4% |
Apple, Inc. | 5.2% |
Visa, Inc. - Class A | 5.1% |
Microsoft Corp. | 5.0% |
Amplify Samsung SOFR ETF | 4.9% |
Procter & Gamble Co. | 4.9% |
Goldman Sachs Group, Inc. | 4.9% |
Amgen, Inc. | 4.8% |
| * | 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. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify CWP Enhanced Dividend Income ETF | PAGE 2 | TSR-AR-032108409 |
1097312900139121506918207175541994724848112681328613852159502073617527213162906521.014.213.710.39.98.15.04.73.39.8
| | |
| Amplify CWP Growth & Income ETF | |
QDVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify CWP Growth & Income ETF (the “Fund”) for the period of August 21, 2024, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify CWP Growth & Income ETF | $6 | 0.55% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from August 21, 2024 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• Communication Discretionary and Communication Services were the top contributing sectors to performance while Consumer Staples and Financials were the biggest detractors to performance for the Period.
• During the Period, Communication Services was held with the largest overweight relative to the S&P 500 Growth Index, a broad-based market index, while Financials was held with the largest underweight.
• The Fund sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited, which was the primary driver of underperformance over the Period.
• During the Period Ubiquiti Inc and Palantir Technologies were the top contributors to performance while Cencora Inc and Celsius Holdings were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify CWP Growth & Income ETF | PAGE 1 | TSR-AR-032108524 |
ANNUAL AVERAGE TOTAL RETURN (%)
| |
| | Since Inception
(08/21/2024) |
Amplify CWP Growth & Income ETF NAV | 2.15 |
S&P 500 TR | 2.67 |
S&P 500 Growth TR | 1.90 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $10,154,951 |
Number of Holdings | 62 |
Net Advisory Fee | $3,727 |
Portfolio Turnover | 27% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
NVIDIA Corp. | 10.1% |
Apple, Inc. | 9.5% |
Microsoft Corp. | 9.1% |
Amazon.com, Inc. | 5.7% |
Meta Platforms, Inc. - Class A | 5.2% |
Alphabet, Inc. - Class A | 5.2% |
Broadcom, Inc. | 3.2% |
Tesla, Inc. | 3.1% |
Netflix, Inc. | 2.5% |
UnitedHealth Group, Inc. | 2.1% |
| * | 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. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify CWP Growth & Income ETF | PAGE 2 | TSR-AR-032108524 |
10215102671019040.316.013.210.56.13.93.62.81.52.1
| | |
| Amplify CWP International Enhanced Dividend Income ETF | |
IDVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify CWP International Enhanced Dividend Income ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify CWP International Enhanced Dividend Income ETF | $67 | 0.65% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Financials and Information Technology sectors were the top contributing sectors to performance, while the Utilities sector was the smallest contributor to performance over the Period.
• During the Period, Energy had the largest overweight relative to the MSCI ACWI ex USA Index while Industrials was held with the largest underweight.
• During the Period, Embraer SA ADR and Banco Bilbao Vizcaya ADR were the top contributors to performance while Miniso Group Holding Ltd and LI Auto Inc were the top detractors to performance.
• The Fund sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited, this was also a contributor to the underperformance over the Period.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify CWP International Enhanced Dividend Income ETF | PAGE 1 | TSR-AR-032108722 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(09/07/2022) |
Amplify CWP International Enhanced Dividend Income ETF NAV | 21.88 | 17.42 |
MSCI AC WORLD INDEX ex USA Net (USD) | 25.35 | 17.81 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $139,135,215 |
Number of Holdings | 65 |
Net Advisory Fee | $612,341 |
Portfolio Turnover | 104% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
First American Government Obligations Fund | 9.2% |
SAP SE | 4.3% |
Cameco Corp. | 3.7% |
RELX PLC | 3.5% |
Alibaba Group Holding Ltd. | 3.5% |
ICICI Bank Ltd. | 3.3% |
Canadian Natural Resources Ltd. | 3.1% |
Philip Morris International, Inc. | 3.0% |
Teva Pharmaceutical Industries Ltd. | 2.9% |
Novartis AG | 2.9% |
Geographic Breakdown (%)
Sector Breakdown**
| * | 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. |
Changes to Fund’s Investment Objective:
Effective November 28, 2023, The Fund may invest in securities with maturities of less than one year, cash or cash equivalents, or in the securities of one or more ETFs designed to provide exposure to short-term interest or financing rates, including the Amplify Samsung SOFR ETF (the “SOF ETF”), which is advised by Amplify Investments LLC, the Fund’s investment adviser. The Fund expects, under normal market circumstances, that the Fund’s investment securities with maturities of less than one year, cash or cash equivalents and the SOF ETF will vary due to several factors, including
| Amplify CWP International Enhanced Dividend Income ETF | PAGE 2 | TSR-AR-032108722 |
market conditions. During periods of high cash inflows or outflows or if market conditions are not favorable, the Fund may depart from its principal investment strategies and invest part or all of its assets in these securities or it may hold cash. During such periods, the Fund may not be able to achieve its investment objectives. For more information on eligible short-term investments, see the SAI.
Changes to Fund’s Portfolio Management Team:
Effective May 14, 2024, Seymour Asset Management and Timothy J. Seymour were added as sub-advisers to the fund.
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Changes to Shareholder Fees (fees paid directly from your investment):
Effective November 28, 2023, pursuant to an agreement with the Fund, Amplify Investments has agreed to waive its management fee with respect to acquired fund fees incurred by the Fund with respect to the Fund’s investment, if any, in the SOF ETF in an amount equal to any acquired fund fees incurred by the Fund with respect to its investment in the SOF ETF. Amplify Investments has agreed to waive and reimburse such expenses. This agreement may be terminated only by, or with the consent of, the Trust’s Board of Trustee’s on behalf of the Fund.”
Effective May 14, 2024, Amplify International Enhanced Dividend Income ETF changed its name to Amplify CWP International Enhanced Dividend Income ETF.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify CWP International Enhanced Dividend Income ETF | PAGE 3 | TSR-AR-032108722 |
928511427139289292111861402222.816.510.36.56.35.14.74.33.719.818.017.013.110.58.68.68.47.04.93.9
| | |
| Amplify Cybersecurity ETF | |
HACK (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Cybersecurity ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Cybersecurity ETF | $70 | 0.60% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The primary driver of returns in the Fund and the S&P 500 were companies in the Information Technology sector. The Fund focuses on those companies in the cybersecurity market, while the S&P 500 returns came from large technology companies in the hardware and software industries. The cybersecurity related companies in the Fund returned slightly less than the broad based S&P 500.
• The Fund had exposure to two sectors—Information Technology and Industrials, which both positively contributed to performance over the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight.
• During the Period, Broadcom Inc and Crowdstrike Holdings Inc were the top contributors to performance while Fastly Inc and Qualys Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Cybersecurity ETF | PAGE 1 | TSR-AR-032108664 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(11/11/2014) |
Amplify Cybersecurity ETF NAV | 32.78 | 13.42 | 11.18 |
S&P 500 TR | 36.35 | 15.98 | 13.13 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $1,746,406,738 |
Number of Holdings | 26 |
Net Advisory Fee | $10,072,319 |
Portfolio Turnover | 71% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Broadcom, Inc. | 10.5% |
Cisco Systems, Inc. | 7.4% |
Palo Alto Networks, Inc. | 5.8% |
Fortinet, Inc. | 4.6% |
General Dynamics Corp. | 4.6% |
Northrop Grumman Corp. | 4.6% |
Crowdstrike Holdings, Inc. - Class A | 4.6% |
Leidos Holdings, Inc. | 4.1% |
Booz Allen Hamilton Holding Corp. | 4.0% |
Cloudflare, Inc. - Class A | 3.9% |
| * | 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. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the ETFMG Prime Cyber Security ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company,
| Amplify Cybersecurity ETF | PAGE 2 | TSR-AR-032108664 |
Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Cybersecurity ETF | PAGE 3 | TSR-AR-032108664 |
10111112461219316236151941925825295180182147428513959011070131301548116140185852416120423248383386779.417.33.3
| | |
| Amplify Etho Climate Leadership U.S. ETF | |
ETHO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Etho Climate Leadership U.S. ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Etho Climate Leadership U.S. ETF | $50 | 0.45% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund invests in a broad range of companies, excluding those involved in fossil fuel, tobacco, weapons, and gambling. The holdings are equal weighted and, relative to the S&P 500 Index, was the primary detractor of performance. For the Period, the top weighted names in the S&P 500 were the primary driver of the performance.
• Financials and Information Technology were the top contributing sectors to performance while Utilities was the smallest yet still a positive contributor to performance over the Period.
• During the Period, Financials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Nvidia Corp and Williams Sonoma Inc were the top contributors to performance while Chegg Inc and Plug Power Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
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ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(11/18/2015) |
Amplify Etho Climate Leadership U.S. ETF NAV | 21.33 | 9.76 | 11.43 |
S&P 500 TR | 36.35 | 15.98 | 14.19 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $188,779,403 |
Number of Holdings | 290 |
Net Advisory Fee | $802,599 |
Portfolio Turnover | 78% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
First American Government Obligations Fund | 2.5% |
Alnylam Pharmaceuticals, Inc. | 0.6% |
Sprouts Farmers Market, Inc. | 0.6% |
Sunnova Energy International, Inc. | 0.5% |
TPI Composites, Inc. | 0.5% |
United Therapeutics Corp. | 0.5% |
Protagonist Therapeutics, Inc. | 0.5% |
Veracyte, Inc. | 0.5% |
Agios Pharmaceuticals, Inc. | 0.5% |
Hamilton Lane, Inc. - Class A | 0.5% |
| * | 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. |
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the Etho Climate Leadership U.S. ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Etho Climate Leadership U.S. ETF | PAGE 2 | TSR-AR-032108557 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Etho Climate Leadership U.S. ETF | PAGE 3 | TSR-AR-032108557 |
10843130261539216396184602500919613215242611510604125781483015461178032314519564237933244324.318.113.713.412.75.34.43.42.52.2
| | |
| Amplify Global Cloud Technology ETF | |
IVES (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Global Cloud Technology ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Global Cloud Technology ETF | $80 | 0.68% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund had a concentration in the Information Technology sector, specifically those companies involved in cloud technology activity. These companies performed well as more companies and consumers continue to adopt cloud services for backup, storage and computing needs. These companies lead the Fund to slightly outperform the broad-based S&P 500 Index.
• Information Technology was the top contributing sector to performance while Consumer Discretionary was the biggest detractor to performance for the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight.
• During the Period, Super Micro Computer Inc and Microstrategy Inc were the top contributors to performance while Confluent Inc and Megaport Ltd were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Global Cloud Technology ETF | PAGE 1 | TSR-AR-032108573 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(03/08/2016) |
Amplify Global Cloud Technology ETF NAV | 36.72 | 6.24 | 8.44 |
S&P 500 TR | 36.35 | 15.98 | 15.33 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $26,480,723 |
Number of Holdings | 65 |
Net Advisory Fee | $177,920 |
Portfolio Turnover | 36% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Elastic NV | 4.5% |
Nice, Ltd. | 4.5% |
Open Text Corp. | 4.4% |
NS Solutions Corp. | 4.4% |
NEXTDC Ltd. | 4.4% |
SCSK Corp. | 4.2% |
First American Government Obligations Fund | 3.9% |
GDS Holdings Ltd. | 3.8% |
MicroStrategy, Inc. - Class A | 3.7% |
IONOS Group SE | 3.6% |
| * | 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. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
Effective May 1, 2024, the index provider, Prime Indexes, has announced a change in the name of the index to “Prime Global Cloud Technology Index NTR.”
The Fund commenced operations following the completion of the reorganization of the Wedbush ETFMG Global Cloud Technology ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
| Amplify Global Cloud Technology ETF | PAGE 2 | TSR-AR-032108573 |
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Global Cloud Technology ETF | PAGE 3 | TSR-AR-032108573 |
10715146141593314780175262142911906146352000811086131491550416163186122419620452248743391695.53.90.30.3
| | |
| Amplify High Income ETF | |
YYY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify High Income ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify High Income ETF | $53 | 0.50% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The asset class exposure in the Fund, through the underlying closed end funds, covers a wide variety of categories, including Equity, Fixed Income and Alternatives, primarily focused on generating current income. The Fund return was below that of the S&P 500 as income generating closed-end funds, many of which have been negatively impacted by higher interest rates, did not perform as well.
• The allocation to equity funds was the top contributor to the Fund’s performance while the allocation to alternative funds was the smallest contributor.
• During the Period, its top exposures were in hybrid/balanced funds and loan participation while its bottom exposure was in MLP funds.
• During the Period, CBRE Global Real Estate Income Fund and Mainstay CBRE Global Infrastructure Megatrends Term Fund were the top contributors to the fund’s performance while Clearbridge MLP & Midstream Fund and Advent Convertible & Income Fund were the lowest.
• During the Period Western Asset Divers was held with the highest average weight while Advent Convertible & Income Fund was held with the lowest average weight.
HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify High Income ETF | PAGE 1 | TSR-AR-032108847 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | 10 Year |
Amplify High Income ETF NAV | 25.52 | 3.58 | 3.87 |
S&P 500 TR | 36.35 | 15.98 | 13.38 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $528,992,629 |
Number of Holdings | 62 |
Net Advisory Fee | $2,027,663 |
Portfolio Turnover | 110% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
CBRE Global Real Estate Income Fund | 4.0% |
NYLI CBRE Global Infrastructure Megatrends Term Fund | 3.4% |
Western Asset Diversified Income Fund | 3.3% |
Aberdeen Asia-Pacific Income Fund, Inc. | 3.2% |
Nuveen Credit Strategies Income Fund | 3.2% |
Nuveen Floating Rate Income Fund/Closed-end Fund | 3.1% |
abrdn Healthcare Investors | 3.1% |
BlackRock ESG Capital Allocation Term Trust | 3.0% |
BlackRock Capital Allocation Term Trust | 3.0% |
BlackRock Health Sciences Term Trust | 2.9% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Changes to the Fund’s Principal Investment Strategy:
Effective July 19, 2024 the following changes in The Fund are in effect: 1. The Index is designed to measure the returns and income of the top 60 U.S.-listed Closed-End Funds. 2.The initial universe of securities that comprise the Index are selected from all closed-end funds whose shares are listed and trade on one of the following U.S. securities exchanges: the Nasdaq Stock Market®, the New York Stock Exchange, NYSE American, or the CBOE Exchange. 3. Eligible constituents are considered for inclusion based on its respective “Tier” classification and selection process, with funds qualifying as either a “Tier 1 Fund” or “Tier 2 Fund”. Up to the top 60 Tier 1 Funds are selected, however, if less than 60 Tier 1 Funds are selected, the remaining constituents of the Index are comprised of Tier 2 Funds. ● Tier 1 Funds are those with: (i) net assets of at least $500 million; (ii) six-month average daily traded value of at least $1 million; (iii) fund yield greater than or equal to 1.2x the median fund yield of dividend-paying closed-end funds; (iv) trading price differential to NAV (i.e., a premium or discount to NAV) that is not in the top 25th percentile of the closed-end fund universe; and (v) expense ratio that is less than or equal to 6%. ● Tier 2 Funds are those with: (i) net assets of at least $250 million; (ii) six-month average daily traded value of at least $800,000; (iii) fund yield greater than or equal to the median fund yield of dividend-paying closed-end funds; (iv) trading price differential to NAV (i.e., a premium or discount to NAV) that is not in the top 10th percentile of the closed-end fund universe; and (v) expense ratio that is less than or equal to 6%. A combined rank score for each eligible Index constituent is then calculated based on the following criteria: fund yield
| Amplify High Income ETF | PAGE 2 | TSR-AR-032108847 |
(descending); fund trading premium/discount (ascending); and fund average daily traded value (descending). Each fund is then assigned an overall rank based on its combined rank score.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify High Income ETF | PAGE 3 | TSR-AR-032108847 |
1148412088134651145513816154631550416513150571899414237156851968811080132231583215735181632154325401264823049439643335104075455568
| | |
| Amplify Junior Silver Miners ETF | |
SILJ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Junior Silver Miners ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Junior Silver Miners ETF | $87 | 0.69% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is concentrated in companies that are mining and producing silver, and the price of silver is one of the primary drivers of returns for these companies. Silver and other precious metals have performed very well over the Period helping drive the returns of the Fund above those of the broad-based S&P 500 Index.
• Materials was only sector and had a positive impact to performance over the Period.
• During the Period, Materials was overweight relative to the S&P 500 Index, a broad-based market index, while no other sectors were held.
• During the Period, Harmony Gold MNG Co and Coeur Mining Inc were the top contributors to performance while SSR Mining Inc and Ivanhoe Electric Inc were the top detractors.
HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | 10 Year |
Amplify Junior Silver Miners ETF NAV | 52.30 | 7.07 | 3.37 |
S&P 500 TR | 36.35 | 15.98 | 13.38 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
| Amplify Junior Silver Miners ETF | PAGE 1 | TSR-AR-032108649 |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $1,044,021,122 |
Number of Holdings | 53 |
Net Advisory Fee | $5,387,542 |
Portfolio Turnover | 56% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Pan American Silver Corp. | 8.4% |
Coeur Mining, Inc. | 7.9% |
Harmony Gold Mining Co. Ltd. | 7.7% |
Hecla Mining Co. | 5.1% |
Aya Gold & Silver, Inc. | 4.6% |
Wheaton Precious Metals Corp. | 4.6% |
Seabridge Gold, Inc. | 4.5% |
Artemis Gold, Inc. | 4.4% |
MAG Silver Corp. | 3.8% |
Skeena Resources Ltd. | 3.4% |
| |
Top Ten Countries | (%) |
Canada | 62.6% |
United States | 20.8% |
South Africa | 7.7% |
Peru | 4.5% |
Mexico | 2.1% |
Australia | 1.4% |
Sweden | 1.4% |
Poland | 1.1% |
United Kingdom | 1.0% |
Cash & Other | -2.6% |
| * | Percentages are stated as a percent of net assets. |
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
Effective May 2, 2024, Nasdaq, Inc. has announced a change in the name of the index to “Nasdaq Junior Silver Miners™ Index.”
The Fund commenced operations following the completion of the reorganization of the ETFMG Prime Junior Silver Miners ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Junior Silver Miners ETF | PAGE 2 | TSR-AR-032108649 |
10000528015944121928961989814656127419858914513928100009939114721360716044167271926025040211652574135098
| | |
| Amplify Lithium & Battery Technology ETF | |
BATT (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Lithium & Battery Technology ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Lithium & Battery Technology ETF | $55 | 0.59% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is a thematic strategy concentrated in lithium battery related companies as well as some electric vehicle manufacturers. As consumer interest in electric vehicles has waned recently, the performance of the companies in the theme has struggled.
• Information Technology was the top contributing sector to performance while Consumer Discretionary was the biggest detractor to performance for the Period.
• During the Period, Materials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Contemporary Amperex Technology Co and TDK Corp were the top contributors to performance while Nikola Corp and Solaredge Technologies Inc were the top detractors.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Lithium & Battery Technology ETF | PAGE 1 | TSR-AR-032108805 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(06/04/2018) |
Amplify Lithium & Battery Technology ETF NAV | -11.61 | 0.87 | -8.74 |
S&P 500 TR | 36.35 | 15.98 | 14.35 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $78,567,733 |
Number of Holdings | 89 |
Net Advisory Fee | $482,998 |
Portfolio Turnover | 69% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
First American Government Obligations Fund | 23.7% |
Contemporary Amperex Technology Co. Ltd. - Class A | 8.3% |
BHP Group Ltd. | 6.8% |
Tesla, Inc. | 5.7% |
BYD Co. Ltd. - Class H | 5.7% |
NAURA Technology Group Co. Ltd. - Class A | 2.6% |
TDK Corp. | 2.4% |
Samsung SDI Co. Ltd. | 1.9% |
Li Auto, Inc. | 1.8% |
South32 Ltd. | 1.7% |
| * | 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. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Lithium & Battery Technology ETF | PAGE 2 | TSR-AR-032108805 |
77315369532790356850634556081067211126128111665614079171222334638.627.021.812.10.5
| | |
| Amplify Mobile Payments ETF | |
IPAY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Mobile Payments ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Mobile Payments ETF | $88 | 0.75% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is concentrated in companies involved in digital payment and processing activity. As more consumers transact digitally as opposed to with cash or check, these companies stand to benefit. These companies are concentrated in the Financial sector. This sector was not a top performing sector in the S&P 500 over the period but the companies in the Fund performed well and Fund performance was only slightly below the broad market index.
• The Fund had exposure to two sectors—Financials, which was the top contributing sector to performance, and Information Technology, which was the smallest yet still a positive contributor to performance over the Period.
• During the Period, Financials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, American Express Co and Adyen NV were the top contributors to performance while Worldline SA and Remitly Global were the top detractors.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Mobile Payments ETF | PAGE 1 | TSR-AR-032108656 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(07/15/2015) |
Amplify Mobile Payments ETF NAV | 33.55 | 2.38 | 8.51 |
S&P 500 TR | 36.35 | 15.98 | 13.58 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $298,326,053 |
Number of Holdings | 38 |
Net Advisory Fee | $2,415,700 |
Portfolio Turnover | 47% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
PayPal Holdings, Inc. | 6.5% |
American Express Co. | 6.1% |
Fiserv, Inc. | 6.1% |
Mastercard, Inc. - Class A | 6.0% |
Visa, Inc. - Class A | 5.8% |
Toast, Inc. - Class A | 4.9% |
Adyen NV | 4.7% |
Corpay, Inc. | 4.6% |
Fidelity National Information Services, Inc. | 4.5% |
Discover Financial Services | 4.5% |
| |
Top Ten Countries | (%) |
United States | 83.5% |
Netherlands | 4.7% |
United Kingdom | 3.5% |
Italy | 2.2% |
Brazil | 2.1% |
Japan | 1.4% |
Australia | 1.2% |
France | 0.8% |
Puerto Rico | 0.7% |
Cash & Other | -0.1% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the ETFMG Prime Mobile Payments ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Mobile Payments ETF | PAGE 2 | TSR-AR-032108656 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Mobile Payments ETF | PAGE 3 | TSR-AR-032108656 |
94141002713095172351887021995274741533615893212269153105651253214776154051773823061194932370732324
| | |
| Amplify Natural Resources Dividend Income ETF | |
NDIV (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Natural Resources Dividend Income ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Natural Resources Dividend Income ETF | $58 | 0.59% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• Energy was the top contributing sector to the Fund’s performance while Utilities was the biggest detractor to performance over the Period.
• During the Period, the broad market indexes delivered stronger performance due to the exposure to better performing sectors. Pursuant to the investment objective of the Fund, the Fund is concentrated in the Energy and Materials sectors which did not perform as well as those that drove the performance in the broader market.
• During the Period, TC Energy Corp and Kinder Morgan Inc were the top contributors to performance while Sasol Ltd and Nutrien LTD were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(08/23/2022) |
Amplify Natural Resources Dividend Income ETF NAV | 14.23 | 12.16 |
MSCI ACWI Net Total Return Index (USD) | 31.76 | 17.03 |
MSCI AC WORLD INDEX ex USA Net (USD) | 25.35 | 14.63 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
| Amplify Natural Resources Dividend Income ETF | PAGE 1 | TSR-AR-032108730 |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $14,293,520 |
Number of Holdings | 45 |
Net Advisory Fee | $65,578 |
Portfolio Turnover | 106% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Petroleo Brasileiro SA | 5.0% |
First American Government Obligations Fund | 4.2% |
MPLX LP | 3.8% |
Enbridge, Inc. | 3.7% |
Western Midstream Partners LP | 3.7% |
TC Energy Corp. | 3.6% |
Energy Transfer LP | 3.6% |
Gerdau SA | 3.5% |
Enterprise Products Partners LP | 3.2% |
Plains All American Pipeline LP | 3.0% |
| |
Geographic Breakdown | (%) |
United States | 66.5% |
Canada | 17.3% |
Brazil | 8.5% |
United Kingdom | 3.7% |
Italy | 2.3% |
Norway | 2.0% |
France | 1.8% |
Israel | 1.7% |
Cash & Other | -3.8% |
| * | Percentages are stated as a percent of net assets. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Natural Resources Dividend Income ETF | PAGE 2 | TSR-AR-032108730 |
876811145127318746105661392188321063313328
| | |
| Amplify Online Retail ETF | |
IBUY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Online Retail ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Online Retail ETF | $74 | 0.65% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is concentrated in companies that generate a significant portion of their revenue through online retail transactions with significant exposure to the Consumer Discretionary sector. While this sector wasn’t the top performing sector in the S&P 500 over the period, the allocation to these companies within the sector helped drive returns above the broad market S&P 500 index.
• The Consumer Discretionary was the top contributing sector to performance over the Period while Information Technology was the biggest detractor due to the underweight relative to the S&P 500.
• During the Period, Consumer Discretionary was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Carvana Co and Hims & Hers Health Inc were the top contributors to performance while Bigcommerce Holdings Inc and Vivid Seats Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Online Retail ETF | PAGE 1 | TSR-AR-032108102 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(04/19/2016) |
Amplify Online Retail ETF NAV | 37.85 | 5.68 | 11.28 |
S&P 500 TR | 36.35 | 15.98 | 14.71 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $159,024,007 |
Number of Holdings | 79 |
Net Advisory Fee | $1,036,858 |
Portfolio Turnover | 38% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Carvana Co. | 4.2% |
Chewy, Inc. - Class A | 4.1% |
First American Government Obligations Fund | 3.8% |
Hims & Hers Health, Inc. | 3.1% |
Figs, Inc. - Class A | 2.9% |
Liquidity Services, Inc. | 2.8% |
eBay, Inc. | 2.7% |
Affirm Holdings, Inc. | 2.7% |
Revolve Group, Inc. | 2.7% |
Booking Holdings, Inc. | 2.6% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Online Retail ETF | PAGE 2 | TSR-AR-032108102 |
11019145582077818718354474410415958178962466910422123621457615196174982274919229233863188776.06.25.03.31.91.31.11.21.12.9
| | |
| Amplify Samsung SOFR ETF | |
SOFR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Samsung SOFR ETF (the “Fund”) for the period of November 14, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Samsung SOFR ETF | $18 | 0.20% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 14, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund seeks to achieve its returns by primarily investing in short-term repurchase agreements, called repos.
• Repos in the Fund are collateralized by high quality U.S. Treasury securities.
• The average rate of the SOFR Index over a one-year period until September 30, 2024 was an all-time high, above 5%. There is no guarantee that the index will continue to perform at this level.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Samsung SOFR ETF | PAGE 1 | TSR-AR-032108672 |
ANNUAL AVERAGE TOTAL RETURN (%)
| |
| | Since Inception
(11/14/2023) |
Amplify Samsung SOFR ETF NAV | 4.73 |
ICE BofA US Dollar Overnight Deposit Bid Rate Total Return Index | 4.85 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $242,459,766 |
Number of Holdings | 5 |
Net Advisory Fee | $265,843 |
Portfolio Turnover | 0% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
SOF REPO 10/02/24 4.98% | 28.9% |
SOF REPO 10/01/24 5.00% | 25.7% |
SOF REPO 10/01/24 5.00% | 24.7% |
SOF REPO 10/07/24 5.00% | 20.6% |
Invesco Government & Agency Portfolio | 0.0% |
| * | Percentages are stated as a percent of net assets. |
Effective September 26, 2024, the Fund’s ticker symbol changed from “SOF” to “SOFR”.
Other Material Fund Changes:
Effective April 22, 2024, the Fund reduced the size of Creation Units from 50,000 Shares to 10,000 Shares.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Samsung SOFR ETF | PAGE 2 | TSR-AR-032108672 |
1047310485
| | |
| Amplify Seymour Cannabis ETF | |
CNBS (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Seymour Cannabis ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Seymour Cannabis ETF | $76 | 0.75% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• Real Estate and the Financials sectors were the top contributing sector to performance while Health Care was the biggest detractor to performance for the Period.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index while Information Technology was held with the largest underweight.
• The Fund is focused on providing exposure to companies in the cannabis industry. Regulatory uncertainty around the Federal legalization of cannabis has dampened investor interest and hurt performance of cannabis related companies.
• During the Period, Innovative Industrial Properties Inc and Truelieve Cannabis Corp were the top contributors to performance while Curaleaf Holdings Inc and Tilray Brands Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Seymour Cannabis ETF | PAGE 1 | TSR-AR-032108854 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(07/22/2019) |
Amplify Seymour Cannabis ETF NAV | -7.35 | -24.05 | -27.87 |
S&P 500 TR | 36.35 | 15.98 | 15.37 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $27,977,961 |
Number of Holdings | 32 |
Net Advisory Fee | $18,834 |
Portfolio Turnover | 2% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
First American Government Obligations Fund | 8.8% |
Innovative Industrial Properties, Inc. | 8.6% |
Curaleaf Holdings, Inc. | 7.4% |
Tilray Brands, Inc. | 7.1% |
Invesco Government & Agency Portfolio | 6.7% |
TerrAscend Corp. | 4.8% |
Cronos Group, Inc. | 4.0% |
GrowGeneration Corp. | 3.7% |
WM Technology, Inc. | 3.7% |
Silver Spike Investment Corp. | 3.1% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Seymour Cannabis ETF | PAGE 2 | TSR-AR-032108854 |
72544580793123911979183310012115291498812669154082100945.322.432.3
| | |
| Amplify Thematic All-Stars ETF | |
MVPS (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Thematic All-Stars ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Thematic All-Stars ETF | $53 | 0.49% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund invests in stocks exposed to a variety of themes. Some of these themes and companies performed well over the period while others lagged. The Fund had significant exposure to the Information Technology sector but the companies and themes within the holdings did not perform as well as the benchmark.
• Information Technology and Financials were the top contributing sectors to performance while Materials was the only detractor to performance over the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Health Care was held with the largest underweight.
• During the Period, Nvidia Corp and Coinbase Global Inc were the top contributors to performance while Solaredge Technologies Inc and Rivian Automative Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Thematic All-Stars ETF | PAGE 1 | TSR-AR-032108797 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(07/20/2021) |
Amplify Thematic All-Stars ETF NAV | 25.48 | -3.77 |
S&P 500 TR | 36.35 | 11.11 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $2,215,361 |
Number of Holdings | 100 |
Net Advisory Fee | $11,807 |
Portfolio Turnover | 75% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Tesla, Inc. | 6.0% |
NVIDIA Corp. | 5.0% |
Alphabet, Inc. - Class A | 4.4% |
Meta Platforms, Inc. - Class A | 3.8% |
Microsoft Corp. | 3.6% |
Amazon.com, Inc. | 3.5% |
Broadcom, Inc. | 3.5% |
Palo Alto Networks, Inc. | 3.2% |
Advanced Micro Devices, Inc. | 3.1% |
Crowdstrike Holdings, Inc. - Class A | 2.7% |
| * | 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. |
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $1,500 to $750.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Thematic All-Stars ETF | PAGE 2 | TSR-AR-032108797 |
987562647048884499928446102721400664.312.211.44.24.11.31.30.60.40.2
| | |
| Amplify Transformational Data Sharing ETF | |
BLOK (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Transformational Data Sharing ETF (the “Fund”) for the period of November 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Transformational Data Sharing ETF | $91 | 0.70% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from November 1, 2023 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• Information Technology and Financial sectors were the top contributing sectors to performance while Consumer Staples was the smallest yet still a positive contributor for the Period.
• The Fund is a thematic strategy focused on companies involved in the development and utilization of blockchain technologies. These companies performed well as cryptocurrencies, which are built on blockchain technology, helped drive the performance higher.
• During the Period, Financials was held with the largest overweight relative to the S&P 500, a broad-based market index, while Health Care was held with the largest underweight.
• During the Period, Microstrategy Inc and Core Scientific Inc were the top contributors to performance while Bitdeer Technologies Group and Beyond Inc were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(01/16/2018) |
Amplify Transformational Data Sharing ETF NAV | 90.42 | 20.26 | 13.11 |
MSCI ACWI Net Total Return Index (USD) | 31.76 | 12.19 | 9.12 |
S&P 500 TR | 36.35 | 15.98 | 13.43 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| Amplify Transformational Data Sharing ETF | PAGE 1 | TSR-AR-032108607 |
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $685,397,277 |
Number of Holdings | 55 |
Net Advisory Fee | $4,756,406 |
Portfolio Turnover | 41% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
First American Government Obligations Fund | 13.0% |
Core Scientific, Inc. | 5.7% |
Galaxy Digital Holdings Ltd. | 4.7% |
MicroStrategy, Inc. - Class A | 4.3% |
PayPal Holdings, Inc. | 3.8% |
Robinhood Markets, Inc. - Class A | 3.4% |
Block, Inc. | 3.3% |
NU Holdings Ltd./Cayman Islands - Class A | 3.3% |
International Business Machines Corp. | 3.2% |
CompoSecure, Inc. - Class A | 3.1% |
| * | 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. |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Transformational Data Sharing ETF | PAGE 2 | TSR-AR-032108607 |
101419080126212361511143119962284399641010211157142171128013627179541064011092127731660514036170702327636.628.27.15.45.44.44.11.27.6
| | |
| Amplify Travel Tech ETF | |
AWAY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Travel Tech ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Travel Tech ETF | $83 | 0.75% |
WHAT FACTORS INFLUENCED PERFORMANCE
• Consumer Discretionary and Industrials were the top contributing sectors to performance while Consumer Services was the smallest contributor.
• The Information Technology sector was the primary driver of returns in the S&P 500. The Fund is focused on providing exposure to travel technology, primarily concentrated in the Consumer Discretionary sector, which provided positive returns but underperformed the S&P 500, which was driven by returns from the Information Technology sector.
• During the Period, Consumer Discretionary was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, MakeMyTrip Ltd and Despegar.com were the top contributors to performance while Mondee Holdings Inc and Tuniu Corp were the lowest.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Travel Tech ETF | PAGE 1 | TSR-AR-032108540 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(02/12/2020) |
Amplify Travel Tech ETF NAV | 21.59 | -4.14 |
S&P 500 TR | 36.35 | 14.01 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $65,553,050 |
Number of Holdings | 30 |
Net Advisory Fee | $653,021 |
Portfolio Turnover | 33% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
SiteMinder Ltd. | 4.8% |
Tongcheng Travel Holdings Ltd. | 4.7% |
Sabre Corp. | 4.6% |
Booking Holdings, Inc. | 4.5% |
Trip.com Group Ltd. | 4.5% |
TravelSky Technology Ltd. - Class H | 4.5% |
Expedia Group, Inc. | 4.5% |
Airbnb, Inc. - Class A | 4.5% |
Uber Technologies, Inc. | 4.3% |
Lyft, Inc. - Class A | 4.1% |
| * | Percentages are stated as a percent of net assets. |
Changes to Shareholder Fees (fees paid directly from your investment):
Effective July 1, 2024, the Fund changed their Creation and Redemption fees from $750 to $500.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the ETFMG Travel Tech ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Travel Tech ETF | PAGE 2 | TSR-AR-032108540 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Travel Tech ETF | PAGE 3 | TSR-AR-032108540 |
755011351634767628222100741309711071134641835837.213.712.911.07.63.93.83.73.62.6
| | |
| Amplify U.S. Alternative Harvest ETF | |
MJUS (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify U.S. Alternative Harvest ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify U.S. Alternative Harvest ETF | $79 | 0.86% |
WHAT FACTORS INFLUENCED PERFORMANCE
• Real Estate was the top contributing sector to performance while Health Care was the biggest detractor to performance for the Period.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• The Fund is focused on providing exposure to companies in the U.S. cannabis industry. Regulatory uncertainty around the Federal legalization of cannabis has dampened investor interest and hurt performance of cannabis related companies.
• During the Period, Trulieve Cannabis Corp and Cresco Labs Inc were the top contributors to performance while Curaleaf Holdings Inc and Terrascend Corp were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify U.S. Alternative Harvest ETF | PAGE 1 | TSR-AR-032108623 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | |
| | 1 Year | Since Inception
(05/12/2021) |
Amplify U.S. Alternative Harvest ETF NAV | -15.14 | -42.05 |
S&P 500 TR | 36.35 | 12.59 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $114,971,069 |
Number of Holdings | 39 |
Net Advisory Fee | $900,029 |
Portfolio Turnover | 159% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
United States Treasury Bill | 29.1% |
United States Treasury Bill | 21.7% |
United States Treasury Bill | 15.2% |
Curaleaf Holdings, Inc. | 12.3% |
TerrAscend Corp. | 6.1% |
United States Treasury Bill | 6.0% |
Innovative Industrial Properties, Inc. | 2.2% |
United States Treasury Bill | 1.9% |
Chicago Atlantic Real Estate Finance, Inc. | 1.4% |
TRULIEVE CANNABIS SWAP | 1.3% |
| * | 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. |
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the ETFMG U.S. Alternative Harvest ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify U.S. Alternative Harvest ETF | PAGE 2 | TSR-AR-032108623 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify U.S. Alternative Harvest ETF | PAGE 3 | TSR-AR-032108623 |
7718216318571576106619011109591494318.32.42.31.20.775.1
| | |
| Amplify Video Game Tech ETF | |
GAMR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Video Game Tech ETF (the “Fund”) for the period of October 1, 2023, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Video Game Tech ETF | $85 | 0.75% |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is a thematic strategy with a focus on video game developers, manufacturers and retailers, many of which have struggled to attract the same audience they had during the COVID-19 pandemic. While performance has been positive, it hasn’t matched the returns of the S&P 500.
• Communication Services was the top contributing sector to performance while Health Care was the only detractor.
• During the Period, Communication Services was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Health Care was held with the largest underweight.
• During the Period, International Games Systems and Bilibili Inc were the top contributors to performance while Ubisoft Entertainment and Wemade Co were the top detractors to performance.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Video Game Tech ETF | PAGE 1 | TSR-AR-032108615 |
ANNUAL AVERAGE TOTAL RETURN (%)
| | | |
| | 1 Year | 5 Year | Since Inception
(03/08/2016) |
Amplify Video Game Tech ETF NAV | 25.36 | 10.99 | 13.40 |
S&P 500 TR | 36.35 | 15.98 | 15.33 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $40,251,747 |
Number of Holdings | 90 |
Net Advisory Fee | $306,613 |
Portfolio Turnover | 52% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Bilibili, Inc. | 4.0% |
XD, Inc. | 3.6% |
Unity Software, Inc. | 3.5% |
International Games System Co. Ltd. | 3.4% |
Pearl Abyss Corp. | 3.1% |
Konami Group Corp. | 3.0% |
Krafton, Inc. | 2.8% |
Playtika Holding Corp. | 2.8% |
Embracer Group AB | 2.8% |
NCSoft Corp. | 2.8% |
| * | Percentages are stated as a percent of net assets. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
Other Material Fund Changes:
The Fund commenced operations following the completion of the reorganization of the Wedbush ETFMG Video Game Tech ETF, a series of ETF Managers Trust (the “Predecessor Fund”), into the Fund, which occurred after close of business on January 26, 2024 (the “Reorganization”).
CHANGES IN ACCOUNTANTS
As a result of the Reorganization after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
| Amplify Video Game Tech ETF | PAGE 2 | TSR-AR-032108615 |
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Video Game Tech ETF | PAGE 3 | TSR-AR-032108615 |
13162181201963917428286023572722301234182935811086131491550416163186122419620452248743391630.119.016.411.44.54.52.82.72.66.0
| | |
| Amplify Weight Loss Drug & Treatment ETF | |
THNR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca) |
| Annual Shareholder Report | September 30, 2024 |
This annual shareholder report contains important information about the Amplify Weight Loss Drug & Treatment ETF (the “Fund”) for the period of May 20, 2024, to September 30, 2024. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.
This report describes changes to the Fund that occurred during the reporting period.
WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)*
| | |
Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Amplify Weight Loss Drug & Treatment ETF | $22 | 0.59% |
| * | Expense ratio is annualized. Amount shown reflects the expenses of the Fund for the current fiscal period from May 20, 2024 to September 30, 2024. Expenses would be higher if the Fund had been in operations for a full year. |
WHAT FACTORS INFLUENCED PERFORMANCE
• The Fund is focused on providing exposure to companies in the GLP-1 weight loss drug and treatment industry. These companies are concentrated in the Health Care sector, while the S&P 500 largest weight is in Information Technology. While the Fund did return less than the broad market benchmark, the returns were better than the Health Care sector return of the SP 500.
• Health Care was the top contributing sector to performance while Materials was the smallest yet still a positive contributor to performance for the Period.
• Health Care was held with the largest average weight during the Period while Materials was held with the smallest average weight.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Chugai Pharmaceutical Co Ltd and Eli Lilly & Co were the top contributors to performance while Novo-Nordisk A/S and Merck & Co Inc were the top detractors.
HOW DID THE FUND PERFORM SINCE INCEPTION?*
The $10,000 chart reflects a hypothetical $10,000 investment. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees, were deducted.
CUMULATIVE PERFORMANCE (Initial Investment of $10,000)
| Amplify Weight Loss Drug & Treatment ETF | PAGE 1 | TSR-AR-032108532 |
ANNUAL AVERAGE TOTAL RETURN (%)
| |
| | Since Inception
(05/20/2024) |
Amplify Weight Loss Drug & Treatment ETF NAV | 6.09 |
S&P 500 TR | 9.09 |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
| * | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
KEY FUND STATISTICS (as of September 30, 2024)
| |
Net Assets | $4,814,234 |
Number of Holdings | 30 |
Net Advisory Fee | $6,722 |
Portfolio Turnover | 36% |
Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.
WHAT DID THE FUND INVEST IN? (as of September 30, 2024)*
| |
Top Holdings | (%) |
Eli Lilly & Co. | 14.6% |
Novo Nordisk AS | 13.4% |
Roche Holding AG | 5.3% |
Thermo Fisher Scientific, Inc. | 5.2% |
AstraZeneca PLC | 5.1% |
Amgen, Inc. | 4.8% |
Pfizer, Inc. | 4.8% |
Merck & Co., Inc. | 4.8% |
FUJIFILM Holdings Corp. | 4.7% |
Chugai Pharmaceutical Co. Ltd. | 4.6% |
| * | 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. |
Changes to Fund’s Portfolio Management Team:
Effective August 1, 2024, Anand Desai will no longer serve as a portfolio manager and is replaced by Christine Johanson to the Fund.
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.
HOUSEHOLDING
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Amplify Investments, LLC documents not be householded, please contact Amplify Investments, LLC at 855-267-3837, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Amplify Investments, LLC or your financial intermediary.
| Amplify Weight Loss Drug & Treatment ETF | PAGE 2 | TSR-AR-032108532 |
106091090990.34.73.11.9
Item 2. Code of Ethics.
The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report.
A copy of the registrant’s Code of Ethics is filed herewith.
Item 3. Audit Committee Financial Expert.
The registrant’s board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Mark Tucker is the “audit committee financial expert” and is considered to be “independent” as each term is defined in Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
The registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. “Audit services” refer to performing an audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. “Audit-related services” refer to the assurance and related services by the principal accountant that are reasonably related to the performance of the audit. “Tax services” refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning. There were no “other services” provided by the principal accountant. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and other fees by the principal accountant.
| | FYE 09/30/2024 | FYE 10/31/2023 |
| (a) Audit Fees | $409,500 | $239,000 |
| (b) Audit-Related Fees | $0 | $0 |
| (c) Tax Fees | $86,000 | $53,000 |
| (d) All Other Fees | N/A | N/A |
(e)(1) The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre-approve all audit and non-audit services of the registrant, including services provided to any entity affiliated with the registrant.
(e)(2) The percentage of fees billed by Cohen & Company, Ltd. applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:
| | FYE 09/30/2024 | FYE 10/31/2023 |
| Audit-Related Fees | 0% | 0% |
| Tax Fees | 0% | 0% |
| All Other Fees | 0% | 0% |
(f) All of the principal accountant’s hours spent on auditing the registrant’s financial statements were attributed to work performed by full-time permanent employees of the principal accountant.
(g) The following table indicates the non-audit fees billed or expected to be billed by the registrant’s accountant for services to the registrant and to the registrant’s investment adviser (and any other controlling entity, etc.—not sub-adviser) for the last two years.
| Non-Audit Related Fees | FYE 09/30/2024 | FYE 10/31/2023 |
| Registrant | $86,000 | $53,000 |
| Registrant’s Investment Adviser | $0 | $0 |
(h) The audit committee of the board of trustees/directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser is compatible with maintaining the principal accountant’s independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant’s independence.
The registrant has not been identified by the U.S. Securities and Exchange Commission as having filed an annual report issued by a registered public accounting firm branch or office that is located in a foreign jurisdiction where the Public Company Accounting Oversight Board is unable to inspect or completely investigate because of a position taken by an authority in that jurisdiction.
The registrant is not a foreign issuer.
Item 5. Audit Committee of Listed Registrants.
The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, (the “Act”) and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Act. The independent members of the committee are as follows: Michael DiSanto, Rick Powers, and Mark Tucker.
Item 6. Investments.
Schedule of Investments is included within the financial statements filed under Item 7 of this Form.
Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.
AMPLIFY ETF TRUST
| | | | |
AIEQ | | | Amplify AI Powered Equity ETF |
MJ | | | Amplify Alternative Harvest ETF |
SWAN | | | Amplify BlackSwan Growth & Treasury Core ETF |
ISWN | | | Amplify BlackSwan ISWN ETF |
QSWN | | | Amplify BlackSwan Tech & Treasury ETF |
ITEQ | | | Amplify BlueStar Israel Technology ETF |
COWS | | | Amplify Cash Flow Dividend Leaders ETF |
HCOW | | | Amplify Cash Flow High Income ETF |
DIVO | | | Amplify CWP Enhanced Dividend Income ETF |
QDVO | | | Amplify CWP Growth & Income ETF |
IDVO | | | Amplify CWP International Enhanced Dividend Income ETF |
HACK | | | Amplify Cybersecurity ETF |
ETHO | | | Amplify Etho Climate Leadership U.S. ETF |
IVES | | | Amplify Global Cloud Technology ETF |
YYY | | | Amplify High Income ETF |
SILJ | | | Amplify Junior Silver Miners ETF |
BATT | | | Amplify Lithium & Battery Technology ETF |
IPAY | | | Amplify Mobile Payments ETF |
NDIV | | | Amplify Natural Resources Dividend Income ETF |
IBUY | | | Amplify Online Retail ETF |
SOFR | | | Amplify Samsung SOFR ETF |
CNBS | | | Amplify Seymour Cannabis ETF |
MVPS | | | Amplify Thematic All-Stars ETF |
BLOK | | | Amplify Transformational Data Sharing ETF |
AWAY | | | Amplify Travel Tech ETF |
MJUS | | | Amplify U.S. Alternative Harvest ETF |
GAMR | | | Amplify Video Game Tech ETF |
THNR | | | Amplify Weight Loss Drug & Treatment ETF |
| | | | |
Annual Report
Core Financial Statements
September 30, 2024
TABLE OF CONTENTS
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 September 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.
TABLE OF CONTENTS
Amplify AI Powered Equity ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 98.3%
| | | | | | |
Communication Services - 9.6%
| | | | | | |
Alphabet, Inc. - Class A | | | 36,937 | | | $6,126,001 |
Charter Communications, Inc. - Class A(a) | | | 1,365 | | | 442,369 |
Interpublic Group of Cos, Inc. | | | 19,128 | | | 605,019 |
New York Times Co. - Class A | | | 2,840 | | | 158,103 |
Nexstar Media Group, Inc. | | | 1,733 | | | 286,552 |
Paramount Global - Class B(b) | | | 33,309 | | | 353,742 |
Roku, Inc.(a) | | | 5,176 | | | 386,440 |
Snap, Inc. - Class A(a) | | | 3,202 | | | 34,261 |
Take-Two Interactive Software, Inc.(a) | | | 8,430 | | | 1,295,775 |
Warner Bros Discovery, Inc.(a) | | | 65,719 | | | 542,182 |
| | | | | | 10,230,444 |
Consumer Discretionary - 8.5%
| | | | | | |
Abercrombie & Fitch Co. - Class A(a) | | | 2,304 | | | 322,330 |
Advance Auto Parts, Inc. | | | 5,550 | | | 216,394 |
Bath & Body Works, Inc. | | | 32,595 | | | 1,040,432 |
Churchill Downs, Inc. | | | 5,076 | | | 686,326 |
Dick’s Sporting Goods, Inc. | | | 6,378 | | | 1,331,089 |
Ford Motor Co. | | | 122,076 | | | 1,289,123 |
Gap, Inc. | | | 45,980 | | | 1,013,859 |
Genuine Parts Co. | | | 3,730 | | | 521,006 |
Mattel, Inc.(a) | | | 3,356 | | | 63,932 |
MGM Resorts International(a) | | | 19,939 | | | 779,415 |
Murphy USA, Inc. | | | 1,642 | | | 809,293 |
Rivian Automotive, Inc. - Class A(a) | | | 87,979 | | | 987,124 |
| | | | | | 9,060,323 |
Consumer Staples - 9.8%
| | | | | | |
BJ’s Wholesale Club Holdings, Inc.(a) | | | 11,475 | | | 946,458 |
Campbell Soup Co. | | | 20,116 | | | 984,075 |
Dollar Tree, Inc.(a) | | | 12,172 | | | 855,935 |
Estee Lauder Cos., Inc. - Class A | | | 4,101 | | | 408,829 |
Flowers Foods, Inc. | | | 5,050 | | | 116,503 |
Philip Morris International, Inc. | | | 47,034 | | | 5,709,928 |
Sprouts Farmers Market, Inc.(a) | | | 12,196 | | | 1,346,560 |
| | | | | | 10,368,288 |
Energy - 2.4%
| | | | | | |
APA Corp. | | | 44,131 | | | 1,079,444 |
Civitas Resources, Inc. | | | 5,632 | | | 285,373 |
Helmerich & Payne, Inc. | | | 20,844 | | | 634,075 |
Matador Resources Co. | | | 6,487 | | | 320,588 |
Weatherford International PLC | | | 2,114 | | | 179,521 |
| | | | | | 2,499,001 |
Financials - 16.7%
| | | | | | |
Citizens Financial Group, Inc. | | | 57,474 | | | 2,360,457 |
Coinbase Global, Inc. - Class A(a) | | | 19,724 | | | 3,514,225 |
Comerica, Inc. | | | 15,996 | | | 958,320 |
East West Bancorp, Inc. | | | 1,031 | | | 85,305 |
First Citizens BancShares, Inc./NC - Class A | | | 524 | | | 964,658 |
| | | | | | | |
| | | | | | | |
Jackson Financial, Inc. - Class A | | | 3,055 | | | $278,708 |
Kinsale Capital Group, Inc. | | | 957 | | | 445,550 |
LPL Financial Holdings, Inc. | | | 4,212 | | | 979,837 |
MGIC Investment Corp. | | | 10,495 | | | 268,672 |
Mr Cooper Group, Inc.(a) | | | 1,411 | | | 130,066 |
Progressive Corp. | | | 22,189 | | | 5,630,681 |
Radian Group, Inc. | | | 9,094 | | | 315,471 |
United Bankshares, Inc./WV | | | 3,579 | | | 132,781 |
W R Berkley Corp. | | | 20,537 | | | 1,165,064 |
Webster Financial Corp. | | | 11,103 | | | 517,511 |
| | | | | | 17,747,306 |
Health Care - 11.3%
| | | | | | |
Alnylam Pharmaceuticals, Inc.(a) | | | 6,329 | | | 1,740,665 |
BioMarin Pharmaceutical, Inc.(a) | | | 17,808 | | | 1,251,724 |
DexCom, Inc.(a) | | | 13,598 | | | 911,610 |
Exact Sciences Corp.(a) | | | 21,761 | | | 1,482,359 |
Humana, Inc. | | | 6,805 | | | 2,155,416 |
Lantheus Holdings, Inc.(a) | | | 5,909 | | | 648,513 |
Medpace Holdings, Inc.(a) | | | 2,714 | | | 905,933 |
Neurocrine Biosciences, Inc.(a) | | | 6,664 | | | 767,826 |
Perrigo Co. PLC | | | 8,501 | | | 222,981 |
Repligen Corp.(a) | | | 6,179 | | | 919,559 |
REVOLUTION Medicines, Inc.(a) | | | 972 | | | 44,080 |
Sarepta Therapeutics, Inc.(a) | | | 2,473 | | | 308,853 |
Viking Therapeutics, Inc.(a) | | | 10,342 | | | 654,752 |
| | | | | | 12,014,271 |
Industrials - 6.4%
| | | | | | |
Dayforce, Inc.(a) | | | 11,704 | | | 716,870 |
Howmet Aerospace, Inc. | | | 22,501 | | | 2,255,725 |
Insperity, Inc. | | | 2,471 | | | 217,448 |
MSA Safety, Inc. | | | 1,500 | | | 266,010 |
NORDSON Corp. | | | 930 | | | 244,246 |
Oshkosh Corp. | | | 1,792 | | | 179,576 |
Paylocity Holding Corp.(a) | | | 6,637 | | | 1,094,906 |
Trex Co., Inc.(a) | | | 6,125 | | | 407,803 |
Watts Water Technologies, Inc. - Class A | | | 735 | | | 152,285 |
XPO, Inc.(a) | | | 11,438 | | | 1,229,699 |
| | | | | | 6,764,568 |
Information Technology - 29.4%(c)
| | | | | | |
Adobe Systems, Inc.(a) | | | 9,265 | | | 4,797,232 |
Atlassian Corp. - Class A(a) | | | 7,422 | | | 1,178,688 |
Axcelis Technologies, Inc.(a) | | | 4,391 | | | 460,396 |
Bentley Systems, Inc. - Class B | | | 809 | | | 41,105 |
Cloudflare, Inc. - Class A(a) | | | 10,614 | | | 858,566 |
Cognex Corp. | | | 8,535 | | | 345,668 |
CommVault Systems, Inc.(a) | | | 1,450 | | | 223,083 |
Confluent, Inc. - Class A(a) | | | 41,880 | | | 853,514 |
Datadog, Inc. - Class A(a) | | | 5,861 | | | 674,367 |
DocuSign, Inc.(a) | | | 15,501 | | | 962,457 |
Elastic NV(a) | | | 6,838 | | | 524,885 |
Enphase Energy, Inc.(a) | | | 4,835 | | | 546,452 |
Fabrinet(a) | | | 847 | | | 200,265 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify AI Powered Equity ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
GLOBALFOUNDRIES, Inc.(a) | | | 14,380 | | | $578,795 |
GoDaddy, Inc. - Class A(a) | | | 1,127 | | | 176,691 |
MKS Instruments, Inc. | | | 10,057 | | | 1,093,296 |
MongoDB, Inc.(a) | | | 4,048 | | | 1,094,377 |
Monolithic Power Systems, Inc. | | | 2,850 | | | 2,634,825 |
NVIDIA Corp. | | | 20,001 | | | 2,428,921 |
Okta, Inc.(a) | | | 14,173 | | | 1,053,621 |
Power Integrations, Inc. | | | 2,262 | | | 145,039 |
Procore Technologies, Inc.(a) | | | 11,962 | | | 738,295 |
Pure Storage, Inc. - Class A(a) | | | 24,213 | | | 1,216,461 |
Qorvo, Inc.(a) | | | 11,830 | | | 1,222,039 |
SentinelOne, Inc. - Class A(a) | | | 37,216 | | | 890,207 |
Silicon Laboratories, Inc.(a) | | | 3,680 | | | 425,298 |
Smartsheet, Inc. - Class A(a) | | | 8,088 | | | 447,752 |
SPS Commerce, Inc.(a) | | | 882 | | | 171,258 |
Teradyne, Inc. | | | 6,139 | | | 822,196 |
Western Digital Corporation(a) | | | 35,272 | | | 2,408,725 |
Workday, Inc. - Class A(a) | | | 3,989 | | | 974,951 |
Zscaler, Inc.(a) | | | 5,714 | | | 976,751 |
| | | | | | 31,166,176 |
Materials - 3.4%
| | | | | | |
CRH PLC | | | 13,589 | | | 1,260,244 |
Huntsman Corp. | | | 10,147 | | | 245,557 |
Martin Marietta Materials, Inc. | | | 3,853 | | | 2,073,877 |
Summit Materials, Inc. - Class A(a) | | | 1,081 | | | 42,192 |
| | | | | | 3,621,870 |
Utilities - 0.8%
| | | | | | |
National Fuel Gas Co. | | | 3,293 | | | 199,589 |
Ormat Technologies, Inc. | | | 3,887 | | | 299,066 |
Portland General Electric Co. | | | 1,824 | | | 87,370 |
Southwest Gas Holdings, Inc. | | | 61 | | | 4,499 |
UGI Corp. | | | 8,676 | | | 217,073 |
| | | | | | 807,597 |
TOTAL COMMON STOCKS
(Cost $104,671,489) | | | | | | 104,279,844 |
REAL ESTATE INVESTMENT TRUSTS - 1.9%
|
American Tower Corp. | | | 1,449 | | | 336,979 |
Essex Property Trust, Inc. | | | 592 | | | 174,889 |
Healthpeak Properties, Inc. | | | 48,854 | | | 1,117,291 |
Welltower, Inc. | | | 2,706 | | | 346,449 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $1,976,144) | | | | | | 1,975,608 |
| | | | | | | |
| | | | | | | |
SHORT-TERM INVESTMENTS - 0.9%
|
Investments Purchased with Proceeds from Securities Lending - 0.8%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(d) | | | 882,591 | | | $882,591 |
Money Market Funds - 0.1%
|
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(d) | | | 56,015 | | | 56,015 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $938,606) | | | | | | 938,606 |
TOTAL INVESTMENTS - 101.1%
(Cost $107,586,239) | | | | | | $107,194,058 |
Liabilities in Excess of
Other Assets - (1.1)% | | | | | | (1,153,727) |
TOTAL NET ASSETS - 100.0% | | | | | | $106,040,331 |
| | | | | | | |
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.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security.
|
(b)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $265,776 which represented 0.3% of net assets.
|
(c)
| 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.
|
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Alternative Harvest ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
AFFILIATED EXCHANGE TRADED FUNDS - 48.5%
|
Amplify U.S. Alternative Harvest ETF(a)(b)(c) | | 72,636,909 | | | $111,134,470 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $135,001,579) | | | | | | 111,134,470 |
COMMON STOCKS - 37.9%
|
Consumer Discretionary - 1.4%
| | | | | | |
GrowGeneration Corp.(d) | | | 1,484,626 | | | 3,162,254 |
Consumer Staples - 5.1%
| | | | | | |
Altria Group, Inc. | | | 29,421 | | | 1,501,648 |
British American Tobacco PLC | | | 42,389 | | | 1,548,820 |
Imperial Brands PLC | | | 54,777 | | | 1,596,609 |
Philip Morris International, Inc. | | | 12,804 | | | 1,554,405 |
Scandinavian Tobacco Group AS(e)(f) | | | 104,107 | | | 1,602,246 |
Turning Point Brands, Inc. | | | 39,519 | | | 1,705,245 |
Village Farms International, Inc.(a)(d) | | | 2,431,488 | | | 2,261,284 |
| | | | | | 11,770,257 |
Health Care - 29.8%(g)
| | | | | | |
Aurora Cannabis, Inc.(a)(d) | | | 1,341,643 | | | 7,888,861 |
Canopy Growth Corp.(a)(d) | | | 2,009,939 | | | 9,687,906 |
Cronos Group, Inc.(d) | | | 5,026,489 | | | 11,008,011 |
High Tide, Inc.(a)(d) | | | 1,778,875 | | | 3,647,421 |
Incannex Healthcare, Inc.(d) | | | 130,026 | | | 258,752 |
Intercure Ltd.(d) | | | 229,500 | | | 461,295 |
Jazz Pharmaceuticals PLC(d) | | | 13,039 | | | 1,452,675 |
Organigram Holdings, Inc.(a)(d) | | | 1,948,188 | | | 3,526,220 |
SNDL, Inc.(d) | | | 6,510,961 | | | 13,412,580 |
Tilray Brands, Inc.(a)(d) | | | 9,680,219 | | | 17,037,185 |
| | | | | | 68,380,906 |
Industrials - 0.0%(h)
| | | | | | |
Empresas ICA SAB de CV(d)(i) | | | 155,893 | | | 0 |
Information Technology - 0.8%
| | | | | | |
WM Technology, Inc.(d) | | | 1,952,731 | | | 1,698,876 |
Materials - 0.8%
| | | | | | |
Scotts Miracle-Gro Co. | | | 20,119 | | | 1,744,317 |
TOTAL COMMON STOCKS
(Cost $101,914,778) | | | | | | 86,756,610 |
REAL ESTATE INVESTMENT TRUSTS - 12.5%
| | | | | | |
AFC Gamma, Inc. | | | 405,872 | | | 4,143,953 |
Chicago Atlantic Real Estate Finance, Inc. | | | 380,246 | | | 5,897,616 |
Innovative Industrial Properties, Inc. | | | 138,194 | | | 18,600,912 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $20,787,127) | | | | | | 28,642,481 |
| | | | | | | |
| | | | | | | |
SHORT-TERM INVESTMENTS - 14.9%
|
Investments Purchased with Proceeds from Securities Lending - 14.2%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(j) | | | 32,558,623 | | | $ 32,558,623 |
Money Market Funds - 0.7%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(j) | | 1,697,374 | | | 1,697,374 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $34,255,997) | | | | | | 34,255,997 |
TOTAL INVESTMENTS - 113.8%
(Cost $291,959,481) | | | | | | $260,789,558 |
Liabilities in Excess of Other
Assets - (13.8)% | | | | | | (31,528,121) |
TOTAL NET ASSETS - 100.0% | | | | | | $229,261,437 |
| | | | | | | |
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.
PLC - Public Limited Company
SAB de CV - Sociedad Anónima Bursátilde Capital Variable
(a)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $30,349,126 which represented 13.2% of net assets. |
(b)
| Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
(c)
| Affiliated company as defined by the Investment Company Act of 1940. |
(d)
| Non-income producing security. |
(e)
| 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 September 30, 2024, the value of these securities total $1,602,246 or 0.7% of the Fund’s net assets. |
(f)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $1,602,246 or 0.7% of the Fund’s net assets. |
(g)
| 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. |
(h)
| Represents less than 0.05% of net assets. |
(i)
| 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 September 30, 2024. |
(j)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwan Growth & Treasury Core ETF
Schedule of Investments
September 30, 2024
| | | | | | | | | | |
U.S. TREASURY SECURITIES - 81.4%
|
United States Treasury Note/Bond
| | | | | | | | |
1.75%, 11/15/2029 | | | | | | $25,817,000 | | | $23,641,716 |
0.63%, 05/15/2030 | | | | | | 28,089,000 | | | 23,840,539 |
0.88%, 11/15/2030 | | | | | | 28,050,000 | | | 23,858,936 |
1.63%, 05/15/2031 | | | | | | 26,981,000 | | | 23,769,629 |
1.38%, 11/15/2031 | | | | | | 27,837,000 | | | 23,824,014 |
2.88%, 05/15/2032 | | | | | | 25,063,000 | | | 23,677,192 |
4.13%, 11/15/2032 | | | | | | 22,938,000 | | | 23,578,651 |
3.38%, 05/15/2033 | | | | | | 24,321,000 | | | 23,629,846 |
4.50%, 11/15/2033 | | | | | | 22,315,000 | | | 23,544,940 |
4.38%, 05/15/2034 | | | | | | 22,503,000 | | | 23,545,522 |
TOTAL U.S. TREASURY SECURITIES
(Cost $235,279,301) | | | | | | | | 236,910,985 |
| | | Notional
Amount | | | Contracts | | | |
PURCHASED OPTIONS - 17.8%
| | | | | | | | | |
Call Options - 17.8%
| | | | | | | | | |
SPDR S&P 500
ETF (a)(b)
| | | | | | | | | |
Expiration: 12/20/2024; Exercise Price: $440.00 | | | $135,235,232 | | | 2,357 | | | 33,025,106 |
Expiration: 06/20/2025; Exercise Price: $510.00 | | | 121,866,624 | | | 2,124 | | | 18,787,842 |
Total Call Options | | | | | | | | | 51,812,948 |
TOTAL PURCHASED OPTIONS
(Cost $30,690,971) | | | | | | | | | 51,812,948 |
| | | | | | Shares | | | |
SHORT-TERM INVESTMENTS - 0.0%(c)
| | | | | | | | |
Money Market Funds - 0.0%(c)
| | | | | | | | |
Dreyfus Treasury Securities Cash Management,
4.08%(d) | | | | | | 881 | | | 881 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $881) | | | | | | | | | 881 |
TOTAL INVESTMENTS - 99.2%
(Cost $265,971,153) | | | | | | | | $288,724,814 |
Other Assets in Excess of Liabilities - 0.8% | | | | | | | | | 2,191,257 |
TOTAL NET ASSETS - 100.0% | | | | | | | | $290,916,071 |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(b)
| 100 shares per contract. |
(c)
| Represents less than 0.05% of net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwan ISWN ETF
Schedule of Investments
September 30, 2024
| | | | | | | | | | |
U.S. TREASURY SECURITIES - 84.7%
|
United States Treasury Note/Bond
| | | | | | | | | |
1.75%, 11/15/2029 | | | | | | $3,508,000 | | | $3,212,424 |
0.63%, 05/15/2030 | | | | | | 3,814,000 | | | 3,237,132 |
0.88%, 11/15/2030 | | | | | | 3,808,000 | | | 3,239,031 |
1.63%, 05/15/2031 | | | | | | 3,663,000 | | | 3,227,017 |
1.38%, 11/15/2031 | | | | | | 3,781,000 | | | 3,235,930 |
2.88%, 05/15/2032 | | | | | | 3,404,000 | | | 3,215,783 |
4.13%, 11/15/2032 | | | | | | 3,117,000 | | | 3,204,057 |
3.38%, 05/15/2033 | | | | | | 3,305,000 | | | 3,211,079 |
4.50%, 11/15/2033 | | | | | | 3,032,000 | | | 3,199,115 |
4.38%, 05/15/2034 | | | | | | 3,057,000 | | | 3,198,625 |
TOTAL U.S. TREASURY SECURITIES
(Cost $31,703,638) | | | | | | | | | 32,180,193 |
| | | Notional
Amount | | | Contracts | | | |
PURCHASED OPTIONS - 14.5%
| | | | | | | | | |
Call Options - 14.5%
| | | | | | | | | |
iShares MSCI EAFE ETF(a)(b)
| | | | | | | | |
Expiration: 12/20/2024; Exercise Price:
$69.00 | | | $18,800,024 | | | 2,248 | | | 3,546,220 |
Expiration: 06/20/2025; Exercise Price:
$78.00 | | | 17,269,595 | | | 2,065 | | | 1,935,938 |
Total Call Options | | | | | | | | | 5,482,158 |
TOTAL PURCHASED OPTIONS
(Cost $3,552,203) | | | | | | | | | 5,482,158 |
| | | | | | Shares | | | |
SHORT-TERM INVESTMENTS - 0.0%(c)
| | | | | | | | | |
Money Market Funds - 0.0%(c)
| | | | | | | | |
Dreyfus Treasury Securities Cash Management, 4.08%(d) | | | | | 2,232 | | | 2,232 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,232) | | | | | | | | | 2,232 |
TOTAL INVESTMENTS - 99.2%
(Cost $35,258,073) | | | | | | | | $37,664,583 |
Other Assets in Excess of Liabilities - 0.8% | | | | | | | | | 321,838 |
TOTAL NET ASSETS - 100.0% | | | | | | | | $37,986,421 |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(b)
| 100 shares per contract. |
(c)
| Represents less than 0.05% of net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwanTech & Treasury ETF
Schedule of Investments
September 30, 2024
| | | | | | | | | | |
U.S. TREASURY SECURITIES - 83.6%
|
United States Treasury Note/Bond
| | | | | | |
1.75%, 11/15/2029 | | | | | | $252,100 | | | $230,859 |
0.63%, 05/15/2030 | | | | | | 274,100 | | | 232,642 |
0.88%, 11/15/2030 | | | | | | 273,100 | | | 232,295 |
1.63%, 05/15/2031 | | | | | | 263,100 | | | 231,785 |
1.38%, 11/15/2031 | | | | | | 271,100 | | | 232,018 |
2.88%, 05/15/2032 | | | | | | 244,100 | | | 230,603 |
4.13%, 11/15/2032 | | | | | | 223,100 | | | 229,331 |
3.38%, 05/15/2033 | | | | | | 237,100 | | | 230,362 |
4.50%, 11/15/2033 | | | | | | 217,800 | | | 229,804 |
4.38%, 05/15/2034 | | | | | | 219,600 | | | 229,774 |
TOTAL U.S. TREASURY SECURITIES
(Cost $2,277,723) | | | | | | | | | 2,309,473 |
| | | Notional
Amount | | | Contracts | | | |
PURCHASED OPTIONS - 15.3%
|
Call Options - 15.3%
| | | | | | | | | |
Invesco QQQ Trust Series 1(a)(b)
|
Expiration: 12/20/2024; Exercise Price: $369.78 | | | $1,073,754 | | | 22 | | | 272,415 |
Expiration: 06/20/2025; Exercise Price: $434.78 | | | 927,333 | | | 19 | | | 149,939 |
Total Call Options | | | | | | | | | 422,354 |
TOTAL PURCHASED OPTIONS
(Cost $240,362) | | | | | | | | | 422,354 |
| | | | | | Shares | | | |
SHORT-TERM INVESTMENTS - 0.1%
|
Money Market Funds - 0.1%
|
Dreyfus Treasury Securities Cash Management, 4.08%(c) | | | | | 2,411 | | | 2,411 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,411) | | | | | | | | | 2,411 |
TOTAL INVESTMENTS - 99.0%
(Cost $2,520,496) | | | | | | | | $2,734,238 |
Other Assets in Excess of Liabilities - 1.0% | | | | | | | | | 28,171 |
TOTAL NET
ASSETS - 100.0% | | | | | | | | | $2,762,409 |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(b)
| 100 shares per contract. |
(c)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlueStar Israel Technology ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.7%
| | | | | | |
Communication Services - 2.1%
| | | | | | |
Nexxen International Ltd. - ADR(a) | | | 48,072 | | | $386,499 |
Perion Network Ltd.(a) | | | 50,338 | | | 396,664 |
Playtika Holding Corp. | | | 59,824 | | | 473,806 |
Taboola.com Ltd.(a) | | | 183,856 | | | 617,756 |
| | | | | | 1,874,725 |
Consumer Discretionary - 4.2%
| | | | | | |
Evoke PLC(a) | | | 337,655 | | | 294,166 |
Global-e Online Ltd.(a) | | | 70,792 | | | 2,721,245 |
Maytronics, Ltd. | | | 66,213 | | | 149,135 |
Mobileye Global, Inc. - Class A(a)(b) | | | 36,586 | | | 501,228 |
| | | | | | 3,665,774 |
Financials - 4.3%
| | | | | | |
Lemonade, Inc.(a) | | | 45,631 | | | 752,455 |
Payoneer Global, Inc.(a) | | | 195,407 | | | 1,471,415 |
Plus500, Ltd. | | | 47,477 | | | 1,594,624 |
| | | | | | 3,818,494 |
Health Care - 3.3%
| | | | | | |
Inmode Ltd.(a) | | | 71,039 | | | 1,204,111 |
Nano-X Imaging Ltd.(a)(b) | | | 64,387 | | | 391,473 |
Novocure, Ltd.(a) | | | 55,756 | | | 871,466 |
Pluri, Inc.(a) | | | 0 | | | 1 |
UroGen Pharma, Ltd.(a) | | | 37,595 | | | 477,456 |
| | | | | | 2,944,507 |
Industrials - 8.0%
| | | | | | |
Elbit Systems Ltd. | | | 19,340 | | | 3,869,934 |
Electreon Wireless Ltd.(a) | | | 6,587 | | | 348,679 |
Fiverr International Ltd.(a)(b) | | | 34,947 | | | 904,079 |
Hilan, Ltd. | | | 10,690 | | | 562,132 |
Kornit Digital, Ltd.(a) | | | 37,365 | | | 965,325 |
Stratasys, Ltd.(a) | | | 56,176 | | | 466,822 |
| | | | | | 7,116,971 |
Information Technology - 73.1%(c)
| | | | | | |
Amdocs, Ltd. | | | 74,315 | | | 6,501,076 |
Camtek Ltd./Israel | | | 20,547 | | | 1,640,678 |
Cellebrite DI Ltd.(a) | | | 68,624 | | | 1,155,628 |
CEVA, Inc.(a) | | | 18,260 | | | 440,979 |
Check Point Software Technologies,
Ltd.(a) | | | 40,399 | | | 7,789,331 |
Cognyte Software, Ltd.(a) | | | 59,902 | | | 406,735 |
CyberArk Software, Ltd.(a) | | | 25,454 | | | 7,422,641 |
Formula Systems 1985, Ltd. | | | 5,831 | | | 467,615 |
Gilat Satellite Networks Ltd.(a) | | | 63,621 | | | 335,283 |
JFrog Ltd.(a) | | | 79,345 | | | 2,304,179 |
Magic Software Enterprises Ltd. | | | 28,917 | | | 341,799 |
| | | | | | | |
| | | | | | | |
Matrix IT, Ltd. | | | 26,290 | | | $503,579 |
Monday.com Ltd.(a) | | | 26,930 | | | 7,480,346 |
Nano Dimension Ltd. - ADR(a)(b) | | | 215,784 | | | 528,671 |
Next Vision Stabilized Systems Ltd. | | | 57,540 | | | 611,025 |
Nice Ltd. - ADR(a) | | | 36,646 | | | 6,364,311 |
Nova Ltd.(a) | | | 14,873 | | | 3,098,641 |
One Software Technologies Ltd. | | | 28,911 | | | 390,874 |
Pagaya Technologies Ltd. - Class A(a)(b) | | | 41,322 | | | 436,774 |
Priortech Ltd.(a) | | | 6,762 | | | 285,409 |
Radware, Ltd.(a) | | | 26,541 | | | 591,333 |
Riskified Ltd. - Class A(a) | | | 100,525 | | | 475,483 |
Sapiens International Corp. NV | | | 29,687 | | | 1,106,434 |
SentinelOne, Inc. - Class A(a) | | | 169,538 | | | 4,055,349 |
SolarEdge Technologies, Inc.(a) | | | 38,907 | | | 891,359 |
Tower Semiconductor Ltd.(a) | | | 71,678 | | | 3,172,468 |
Vishay Precision Group, Inc.(a) | | | 11,633 | | | 301,295 |
Wix.com, Ltd.(a) | | | 34,301 | | | 5,734,098 |
| | | | | | 64,833,393 |
Utilities - 4.7%
| | | | | | |
Energix-Renewable Energies, Ltd. | | | 195,782 | | | 709,504 |
Enlight Renewable Energy, Ltd.(a) | | | 63,257 | | | 1,063,545 |
Ormat Technologies, Inc. | | | 31,155 | | | 2,397,065 |
| | | | | | 4,170,114 |
TOTAL COMMON STOCKS
(Cost $101,758,790) | | | | | | 88,423,978 |
SHORT-TERM INVESTMENTS - 2.0%
|
Investments Purchased with Proceeds from Securities Lending - 1.8%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(d) | | | 1,539,193 | | | 1,539,193 |
Money Market Funds - 0.2%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(d) | | | 198,852 | | | 198,852 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,738,045) | | | | | | 1,738,045 |
TOTAL INVESTMENTS - 101.7%
(Cost $103,496,835) | | | | | | $90,162,023 |
Liabilities in Excess of
Other Assets - (1.7)% | | | | | | (1,503,519) |
TOTAL NET ASSETS - 100.0% | | | | | | $88,658,504 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlueStar Israel Technology ETF
Schedule of Investments
September 30, 2024(Continued)
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
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $1,465,548 which represented 1.7% of net assets. |
(c)
| 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. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cash Flow Dividend Leaders ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.5%
| | | | | | |
Communication Services - 10.7%
| | | | | | |
AT&T, Inc. | | | 13,482 | | | $ 296,604 |
Comcast Corp. - Class A | | | 10,941 | | | 457,006 |
Interpublic Group of Cos., Inc. | | | 7,911 | | | 250,225 |
Nexstar Media Group, Inc. | | | 2,101 | | | 347,400 |
Paramount Global - Class B | | | 33,931 | | | 360,347 |
T-Mobile US, Inc. | | | 1,111 | | | 229,266 |
| | | | | | 1,940,848 |
Consumer Discretionary - 23.3%
| | | | | | |
Academy Sports & Outdoors, Inc. | | | 6,188 | | | 361,132 |
American Eagle Outfitters, Inc. | | | 13,621 | | | 304,974 |
Bath & Body Works, Inc. | | | 10,397 | | | 331,872 |
BorgWarner, Inc. | | | 7,367 | | | 267,348 |
Brunswick Corp./DE | | | 5,570 | | | 466,877 |
eBay, Inc. | | | 6,969 | | | 453,752 |
Gap, Inc. | | | 14,054 | | | 309,891 |
Lear Corp. | | | 2,537 | | | 276,913 |
PVH Corp. | | | 3,561 | | | 359,056 |
Ralph Lauren Corp. | | | 1,146 | | | 222,175 |
Tapestry, Inc. | | | 8,106 | | | 380,820 |
Williams-Sonoma, Inc. | | | 3,149 | | | 487,843 |
| | | | | | 4,222,653 |
Consumer Staples - 1.2%
| | | | | | |
Ingredion, Inc. | | | 1,569 | | | 215,628 |
Energy - 22.8%
| | | | | | |
Devon Energy Corp. | | | 7,125 | | | 278,730 |
Halliburton Co. | | | 15,134 | | | 439,643 |
Magnolia Oil & Gas Corp. - Class A | | | 12,006 | | | 293,187 |
Marathon Oil Corp. | | | 16,350 | | | 435,400 |
Matador Resources Co. | | | 5,398 | | | 266,769 |
Murphy Oil Corp. | | | 9,948 | | | 335,646 |
NOV, Inc. | | | 20,069 | | | 320,502 |
Patterson-UTI Energy, Inc. | | | 43,250 | | | 330,863 |
Permian Resources Corp. | | | 21,551 | | | 293,309 |
Schlumberger NV | | | 10,696 | | | 448,697 |
SM Energy Co. | | | 8,665 | | | 346,340 |
Valero Energy Corp. | | | 2,543 | | | 343,381 |
| | | | | | 4,132,467 |
Financials - 4.2%
| | | | | | |
Fidelity National Financial, Inc. | | | 7,248 | | | 449,811 |
Franklin Resources, Inc. | | | 15,662 | | | 315,589 |
| | | | | | 765,400 |
Health Care - 4.8%
| | | | | | |
Bristol-Myers Squibb Co. | | | 6,658 | | | 344,485 |
McKesson Corp. | | | 446 | | | 220,511 |
Organon & Co. | | | 15,563 | | | 297,720 |
| | | | | | 862,716 |
Industrials - 20.0%
| | | | | | |
Acuity Brands, Inc. | | | 794 | | | 218,660 |
Allison Transmission Holdings, Inc. | | | 3,198 | | | 307,232 |
| | | | | | | |
| | | | | | | |
Dun & Bradstreet Holdings, Inc. | | | 21,615 | | | $248,789 |
EnerSys | | | 2,143 | | | 218,693 |
FedEx Corp. | | | 1,484 | | | 406,141 |
Genpact Ltd. | | | 10,947 | | | 429,232 |
Oshkosh Corp. | | | 2,161 | | | 216,554 |
Owens Corning | | | 2,645 | | | 466,895 |
Science Applications International Corp. | | | 1,509 | | | 210,158 |
Snap-on, Inc. | | | 1,531 | | | 443,546 |
Timken Co. | | | 5,355 | | | 451,373 |
| | | | | | 3,617,273 |
Information Technology - 4.8%
| | | | | | |
Cisco Systems, Inc. | | | 4,252 | | | 226,291 |
Skyworks Solutions, Inc. | | | 4,155 | | | 410,389 |
Vontier Corp. | | | 7,017 | | | 236,754 |
| | | | | | 873,434 |
Materials - 4.3%
| | | | | | |
CF Industries Holdings, Inc. | | | 5,462 | | | 468,640 |
Olin Corp. | | | 6,348 | | | 304,577 |
| | | | | | 773,217 |
Utilities - 3.4%
| | | | | | |
Vistra Corp. | | | 5,283 | | | 626,247 |
TOTAL COMMON STOCKS
(Cost $17,637,984) | | | | | | 18,029,883 |
SHORT-TERM INVESTMENTS - 0.4%
| | | | | |
Money Market Funds - 0.4%
| | | | | | |
Invesco Government & Agency
Portfolio - Institutional Class, 4.85%(a) | | 72,304 | | | 72,304 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $72,304) | | | | | | 72,304 |
TOTAL INVESTMENTS - 99.9%
(Cost $17,710,288) | | | | | | $18,102,187 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 9,926 |
TOTAL NET ASSETS - 100.0% | | | | | | $18,112,113 |
| | | | | | | |
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.
NV - Naamloze Vennootschap
(a)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cash Flow High Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
AFFILIATED EXCHANGE TRADED
FUNDS - 98.3%
|
Amplify Cash Flow Dividend Leaders ETF(a)(b) | | 51,378 | | | $1,525,413 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $1,284,043) | | | | | | 1,525,413 |
SHORT-TERM INVESTMENTS - 0.2%
|
Money Market Funds - 0.2%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(c) | | | 2,635 | | | 2,634 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,635) | | | | | | 2,634 |
TOTAL INVESTMENTS - 98.5%
(Cost $1,286,678) | | | | | | $1,528,047 |
Other Assets in Excess of
Liabilities - 1.5% | | | | | | 23,808 |
TOTAL NET ASSETS - 100.0% | | | | | | $1,551,855 |
| | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov. |
(b)
| Affiliated company as defined by the Investment Company Act of 1940. |
(c)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cash Flow High Income ETF
Schedule of Total Return Swap Contracts
September 30, 2024
| | | | | | | | | | | | | | | | | | | | | | |
RCXTAMU1 SWAP | | | Goldman Sachs | | | Long | | | 10/17/2024 | | | 0.00% | | | Monthly | | | $1,147,566 | | | $(6,241) |
Total Unrealized Appreciation (Depreciation) | | | | | | $(6,241) |
| | | | | | | |
There are no upfront payments or receipts associated with total return swaps in the Fund as of September 30, 2024.
(a)
| The swap agreements will seek to exchange the Target Call Income (the rate of which is expected to fluctuate) provided by the Call Income Strategy’s daily sold call options for a set percent of call premium over each Call period. |
The underlying swaps of the basket as of September 30, 2024 are shown below:
| | | | | | | | | | | | | |
Options Contracts:
| | | | | | | | | | | | |
S&P 500 Weekly C5740 Index | | | 10/4/2024 | | | (16.38) | | | $29 | | | 0.00% |
S&P 500 Weekly C5750 Index | | | 10/4/2024 | | | (12.23) | | | 280 | | | 0.02% |
S&P 500 Weekly C5760 Index | | | 10/4/2024 | | | (12.22) | | | 296 | | | 0.04% |
S&P 500 Weekly C5790 Index | | | 10/4/2024 | | | (16.03) | | | 89 | | | 0.01% |
S&P 500 Weekly C5805 Index | | | 10/4/2024 | | | (11.99) | | | 33 | | | 0.00% |
S&P 500 Weekly C5810 Index | | | 10/4/2024 | | | (23.93) | | | 54 | | | 0.00% |
S&P 500 Weekly C5820 Index | | | 10/4/2024 | | | (7.96) | | | 35 | | | 0.00% |
S&P 500 Weekly C5810 Index | | | 10/11/2024 | | | (15.98) | | | 20 | | | 0.00% |
S&P 500 Weekly C5825 Index | | | 10/11/2024 | | | (23.94) | | | 163 | | | 0.01% |
S&P 500 Weekly C5830 Index | | | 10/11/2024 | | | (15.92) | | | 0 | | | 0.00% |
S&P 500 Weekly C5840 Index | | | 10/11/2024 | | | (19.84) | | | 59 | | | 0.01% |
S&P 500 Weekly C5860 Index | | | 10/18/2024 | | | (3.98) | | | 0 | | | 0.00% |
Total Options Contracts | | | | | | | | | 1,058 | | | 0.09% |
Cash
| | | | | | | | | | | | |
Cash | | | | | | | | | 1,146,508 | | | 99.91% |
Total Underlying Positions | | | | | | | | | $1,147,566 | | | 100.00% |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Enhanced Dividend Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 91.2%
| | | | | | |
Communication Services - 5.0%
| | | | | | |
Meta Platforms, Inc. - Class A | | | 127,256 | | | $72,846,425 |
Verizon Communications, Inc. | | | 2,425,865 | | | 108,945,597 |
| | | | | | 181,792,022 |
Consumer Discretionary - 10.3%
| | | | | | |
Home Depot, Inc. | | | 480,373 | | | 194,647,140 |
McDonald’s Corp. | | | 238,256 | | | 72,551,334 |
TJX Cos., Inc. | | | 901,955 | | | 106,015,791 |
| | | | | | 373,214,265 |
Consumer Staples - 8.1%
| | | | | | |
Procter & Gamble Co. | | | 1,021,244 | | | 176,879,461 |
Walmart, Inc.(a) | | | 1,414,011 | | | 114,181,388 |
| | | | | | 291,060,849 |
Energy - 4.7%
| | | | | | |
Chevron Corp. | | | 707,436 | | | 104,184,100 |
Marathon Petroleum Corp. | | | 396,962 | | | 64,669,079 |
| | | | | | 168,853,179 |
Financials - 21.0%
| | | | | | |
American Express Co. | | | 421,400 | | | 114,283,680 |
CME Group, Inc. | | | 500,795 | | | 110,500,417 |
Goldman Sachs Group, Inc.(a) | | | 356,975 | | | 176,741,892 |
JPMorgan Chase & Co.(a) | | | 809,220 | | | 170,632,129 |
Visa, Inc. - Class A(a) | | | 674,199 | | | 185,371,015 |
| | | | | | 757,529,133 |
Health Care - 13.7%
| | | | | | |
Amgen, Inc. | | | 534,104 | | | 172,093,650 |
Merck & Co., Inc.(a) | | | 1,060,161 | | | 120,391,883 |
UnitedHealth Group, Inc. | | | 343,109 | | | 200,608,970 |
| | | | | | 493,094,503 |
Industrials - 9.9%
| | | | | | |
Caterpillar, Inc. | | | 513,659 | | | 200,902,307 |
Honeywell International, Inc. | | | 763,298 | | | 157,781,330 |
| | | | | | 358,683,637 |
Information Technology - 14.2%
| | | | | | |
Apple, Inc. | | | 801,492 | | | 186,747,636 |
International Business Machines Corp. | | | 670,311 | | | 148,192,356 |
Microsoft Corp. | | | 416,295 | | | 179,131,738 |
| | | | | | 514,071,730 |
Materials - 3.3%
| | | | | | |
Freeport-McMoRan, Inc. | | | 2,409,532 | | | 120,283,838 |
Utilities - 1.0%
| | | | | | |
Duke Energy Corp.(a) | | | 310,924 | | | 35,849,537 |
TOTAL COMMON STOCKS
(Cost $2,727,589,656) | | | | | | 3,294,432,693 |
| | | | | | | |
| | | | | | | |
AFFILIATED EXCHANGE TRADED FUNDS - 4.9%
| | | | | | |
Amplify Samsung SOFR ETF(b)(c) | | | 1,781,012 | | | $178,493,023 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $178,665,886) | | | | | | 178,493,023 |
SHORT-TERM INVESTMENTS - 4.2%
|
Investments Purchased with Proceeds from Securities Lending - 0.1%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(d) | | 1,476,000 | | | 1,476,000 |
Money Market Funds - 4.1%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(d) | | | 149,088,373 | | | 149,088,373 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $150,564,373) | | | | | | 150,564,373 |
TOTAL INVESTMENTS - 100.3%
(Cost $3,056,819,915) | | | | | | $3,623,490,089 |
Liabilities in Excess of
Other Assets - (0.3)% | | | | | | (10,504,412) |
TOTAL NET ASSETS - 100.0% | | | | | | $3,612,985,677 |
| | | | | | | |
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.
(a)
| Held in connection with written option contracts. See Schedule of Options Written for further information. |
(b)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $1,443,168 which represented 0.0% of net assets. |
(c)
| Affiliated company as defined by the Investment Company Act of 1940.
|
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Enhanced Dividend Income ETF
Schedule of Written Options
September 30, 2024
| | | | | | | | | | |
WRITTEN OPTIONS - 0.0%(a)(b)(c)
| | | | | | | | | |
Call Options - 0.0%(a)(b)(c)
| | | | | | | | | |
Caterpillar, Inc., Expiration: 10/18/2024; Exercise Price: $400.00 | | | $(13,689,200) | | | (350) | | | $(161,000) |
Duke Energy Corp., Expiration: 10/18/2024; Exercise Price: $120.00 | | | (5,765,000) | | | (500) | | | (11,250) |
Goldman Sachs Group, Inc., Expiration: 10/04/2024;
Exercise Price: $515.00 | | | (39,608,800) | | | (800) | | | (42,400) |
JPMorgan Chase & Co., Expiration: 10/18/2024;
Exercise Price: $222.50 | | | (84,344,000) | | | (4,000) | | | (380,000) |
Merck & Co., Inc., Expiration: 10/04/2024; Exercise Price: $118.00 | | | (68,136,000) | | | (6,000) | | | (24,000) |
Visa, Inc., Expiration: 10/18/2024; Exercise Price: $300.00 | | | (13,747,500) | | | (500) | | | (3,250) |
Walmart, Inc., Expiration: 10/04/2024; Exercise Price: $81.00 | | | (64,600,000) | | | (8,000) | | | (500,000) |
Total Call Options | | | | | | | | | (1,121,900) |
TOTAL WRITTEN OPTIONS (Premiums received $2,085,420) | | | | | | | | | $(1,121,900) |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| Represents less than 0.05% of net assets.
|
(b)
| 100 shares per contract.
|
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Growth & Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 97.0%
| | | | | | |
Communication Services - 16.0%
| | | | | | |
Alphabet, Inc. - Class A(a) | | | 3,163 | | | $ 524,584 |
Meta Platforms, Inc. - Class A | | | 918 | | | 525,499 |
Netflix, Inc.(a)(b) | | | 352 | | | 249,663 |
Spotify Technology SA(b) | | | 419 | | | 154,414 |
T-Mobile US, Inc. | | | 824 | | | 170,041 |
| | | | | | 1,624,201 |
Consumer Discretionary - 13.2%
| | | | | | |
Amazon.com, Inc.(a)(b) | | | 3,082 | | | 574,269 |
Burlington Stores, Inc.(b) | | | 452 | | | 119,093 |
Coupang, Inc.(a)(b) | | | 5,873 | | | 144,182 |
Home Depot, Inc. | | | 484 | | | 196,117 |
Tesla, Inc.(b) | | | 1,188 | | | 310,816 |
| | | | | | 1,344,477 |
Consumer Staples - 6.1%
| | | | | | |
Colgate-Palmolive Co. | | | 1,995 | | | 207,101 |
Costco Wholesale Corp.(a) | | | 144 | | | 127,659 |
PepsiCo, Inc. | | | 416 | | | 70,741 |
Procter & Gamble Co.(a) | | | 1,243 | | | 215,287 |
| | | | | | 620,788 |
Energy - 0.8%
| | | | | | |
Viper Energy, Inc. | | | 1,763 | | | 79,529 |
Financials - 3.9%
| | | | | | |
Allstate Corp. | | | 1,092 | | | 207,097 |
Coinbase Global, Inc. - Class A(a)(b) | | | 280 | | | 49,888 |
Visa, Inc. - Class A(a) | | | 503 | | | 138,300 |
| | | | | | 395,285 |
Health Care - 10.5%
| | | | | | |
Amgen, Inc.(a) | | | 649 | | | 209,114 |
Cencora, Inc. | | | 914 | | | 205,723 |
Eli Lilly & Co.(a) | | | 192 | | | 170,100 |
Intuitive Surgical, Inc.(b) | | | 208 | | | 102,184 |
Natera, Inc.(b) | | | 1,264 | | | 160,465 |
UnitedHealth Group, Inc. | | | 372 | | | 217,502 |
| | | | | | 1,065,088 |
Industrials - 3.6%
| | | | | | |
Comfort Systems USA, Inc. | | | 401 | | | 156,530 |
Lockheed Martin Corp. | | | 362 | | | 211,611 |
| | | | | | 368,141 |
Information Technology - 40.6%(c)
| | | | | | |
Adobe, Inc.(a)(b) | | | 144 | | | 74,560 |
Advanced Micro Devices, Inc.(b) | | | 908 | | | 148,985 |
Apple, Inc.(a) | | | 4,150 | | | 966,951 |
Broadcom, Inc.(a) | | | 1,896 | | | 327,060 |
Intuit, Inc. | | | 115 | | | 71,415 |
Microsoft Corp.(a) | | | 2,148 | | | 924,284 |
MicroStrategy, Inc. - Class A(b) | | | 229 | | | 38,609 |
Monolithic Power Systems, Inc. | | | 44 | | | 40,678 |
NVIDIA Corp.(a) | | | 8,411 | | | 1,021,433 |
| | | | | | | |
| | | | | | | |
Palantir Technologies, Inc. - Class A(a)(b) | | | 5,802 | | | $215,834 |
QUALCOMM, Inc.(a) | | | 566 | | | 96,248 |
Texas Instruments, Inc. | | | 149 | | | 30,779 |
Ubiquiti, Inc. | | | 731 | | | 162,077 |
| | | | | | 4,118,913 |
Materials - 1.5%
| | | | | | |
Linde PLC | | | 314 | | | 149,734 |
Utilities - 0.8%
| | | | | | |
NRG Energy, Inc. | | | 928 | | | 84,541 |
TOTAL COMMON STOCKS
(Cost $9,588,271) | | | | | | 9,850,697 |
REAL ESTATE INVESTMENT TRUSTS - 2.8%
| | | | | | |
Equinix, Inc.(a) | | | 139 | | | 123,381 |
Iron Mountain, Inc. | | | 1,376 | | | 163,510 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $280,904) | | | | | | 286,891 |
SHORT-TERM INVESTMENTS - 1.2%
| | | | | |
Money Market Funds - 1.2%
| | | | | | |
Invesco Government & Agency
Portfolio - Institutional Class, 4.85%(d) | | 119,546 | | | 119,546 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $119,546) | | | | | | 119,546 |
TOTAL INVESTMENTS - 101.0%
(Cost $9,988,721) | | | | | | $10,257,134 |
Liabilities in Excess of Other
Assets - (1.0)% | | | | | | (102,183) |
TOTAL NET ASSETS - 100.0% | | | | | | $10,154,951 |
| | | | | | | |
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.
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| Held in connection with written option contracts. See Schedule of Options Written for further information. |
(b)
| Non-income producing security. |
(c)
| 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. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Growth & Income ETF
Schedule of Written Options
September 30, 2024
| | | | | | | | | | |
WRITTEN OPTIONS - (0.3)%(a)(b)
| | | | | | | | | |
Call Options - (0.3)%(a)
| | | | | | | | | |
Adobe, Inc., Expiration: 10/11/2024; Exercise Price: $525.00 | | | $(51,778) | | | (1) | | | $(633) |
Alphabet, Inc., Expiration: 10/18/2024; Exercise Price: $170.00 | | | (132,680) | | | (8) | | | (1,600) |
Amazon.com, Inc., Expiration: 10/11/2024; Exercise Price: $195.00 | | | (223,596) | | | (12) | | | (960) |
Amgen, Inc., Expiration: 10/04/2024; Exercise Price: $320.00 | | | (161,105) | | | (5) | | | (2,412) |
Apple, Inc., Expiration: 10/11/2024; Exercise Price: $232.50 | | | (372,800) | | | (16) | | | (6,239) |
Broadcom, Inc., Expiration: 10/04/2024; Exercise Price: $177.50 | | | (103,500) | | | (6) | | | (699) |
Coinbase Global, Inc., Expiration: 10/04/2024; Exercise Price: $180.00 | | | (17,817) | | | (1) | | | (485) |
Costco Wholesale Corp., Expiration: 10/11/2024; Exercise Price: $920.00 | | | (88,652) | | | (1) | | | (330) |
Coupang, Inc., Expiration: 10/11/2024; Exercise Price: $26.00 | | | (142,390) | | | (58) | | | (667) |
Eli Lilly & Co., Expiration: 10/18/2024; Exercise Price: $920.00 | | | (88,594) | | | (1) | | | (978) |
Equinix, Inc., Expiration: 10/18/2024; Exercise Price: $930.00 | | | (88,763) | | | (1) | | | (368) |
Microsoft Corp., Expiration: 10/11/2024; Exercise Price: $437.50 | | | (344,240) | | | (8) | | | (1,920) |
Netflix, Inc., Expiration: 10/04/2024; Exercise Price: $725.00 | | | (141,854) | | | (2) | | | (599) |
NVIDIA Corp., Expiration: 10/04/2024; Exercise Price: $123.00 | | | (400,752) | | | (33) | | | (5,395) |
Palantir Technologies, Inc., Expiration: 10/11/2024; Exercise Price: $38.50 | | | (85,560) | | | (23) | | | (1,173) |
Procter & Gamble Co., Expiration: 10/04/2024; Exercise Price: $175.00 | | | (173,200) | | | (10) | | | (475) |
QUALCOMM, Inc., Expiration: 10/11/2024; Exercise Price: $175.00 | | | (51,015) | | | (3) | | | (680) |
Visa, Inc., Expiration: 10/04/2024; Exercise Price: $275.00 | | | (54,990) | | | (2) | | | (460) |
Total Call Options | | | | | | | | | (26,073) |
TOTAL WRITTEN OPTIONS (Premiums received $22,504) | | | | | | | | | $(26,073) |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| 100 shares per contract. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP International Enhanced Dividend Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 96.2%
| | | | | | |
Communication Services - 4.9%
| | | | | | |
NetEase, Inc. - ADR(a) | | | 11,574 | | | $1,082,285 |
Nintendo Co. Ltd. - ADR | | | 104,807 | | | 1,396,029 |
SK Telecom Co. Ltd. - ADR | | | 60,025 | | | 1,426,794 |
Vodafone Group PLC - ADR | | | 296,722 | | | 2,973,155 |
| | | | | | 6,878,263 |
Consumer Discretionary - 13.2%
| | | | | | |
Alibaba Group Holding Ltd. -
ADR(a) | | | 45,768 | | | 4,856,900 |
Coupang, Inc.(a)(b) | | | 135,802 | | | 3,333,939 |
Ferrari NV | | | 8,370 | | | 3,934,821 |
InterContinental Hotels Group PLC - ADR(c) | | | 25,032 | | | 2,765,786 |
MakeMyTrip Ltd.(a)(b) | | | 26,999 | | | 2,509,557 |
Toyota Motor Corp. - ADR(a) | | | 5,538 | | | 988,920 |
| | | | | | 18,389,923 |
Consumer Staples - 7.0%
| | | | | | |
Coca-Cola Femsa SAB de CV -
ADR | | | 22,154 | | | 1,965,503 |
Diageo PLC - ADR(a) | | | 15,495 | | | 2,174,568 |
Fomento Economico Mexicano SAB de CV - ADR | | | 13,273 | | | 1,310,178 |
Philip Morris International, Inc. | | | 34,892 | | | 4,235,889 |
| | | | | | 9,686,138 |
Energy - 17.0%
| | | | | | |
Cameco Corp.(a) | | | 108,814 | | | 5,196,956 |
Canadian Natural Resources Ltd. | | | 127,907 | | | 4,247,791 |
Ecopetrol SA - ADR(c) | | | 239,931 | | | 2,142,584 |
Enbridge, Inc. | | | 52,580 | | | 2,135,274 |
Petroleo Brasileiro SA - ADR | | | 269,822 | | | 3,888,135 |
TotalEnergies SE - ADR | | | 57,607 | | | 3,722,564 |
YPF SA - ADR(b) | | | 111,971 | | | 2,374,905 |
| | | | | | 23,708,209 |
Financials - 18.0%
| | | | | | |
Banco Bilbao Vizcaya Argentaria SA - ADR | | | 278,188 | | | 3,015,558 |
Banco Macro SA - ADR(c) | | | 32,327 | | | 2,052,764 |
Banco Santander SA - ADR | | | 388,615 | | | 1,981,936 |
Bancolombia SA - ADR | | | 88,994 | | | 2,792,632 |
Barclays PLC - ADR | | | 299,235 | | | 3,635,705 |
Grupo Financiero Galicia SA -
ADR(c) | | | 14,296 | | | 601,719 |
ICICI Bank Ltd. - ADR | | | 154,514 | | | 4,612,243 |
Mitsubishi UFJ Financial Group, Inc. - ADR(c) | | | 277,670 | | | 2,826,681 |
NU Holdings Ltd./Cayman Islands - Class A(a)(b) | | | 153,119 | | | 2,090,074 |
Sumitomo Mitsui Financial Group, Inc. - ADR(c) | | | 113,341 | | | 1,431,497 |
| | | | | | 25,040,809 |
| | | | | | | |
| | | | | | | |
Health Care - 10.5%
| | | | | | |
AstraZeneca PLC - ADR | | | 48,622 | | | $3,788,140 |
Novartis AG - ADR | | | 35,470 | | | 4,079,759 |
Novo Nordisk AS - ADR(a) | | | 21,892 | | | 2,606,681 |
Teva Pharmaceutical Industries Ltd. - ADR(b) | | | 226,585 | | | 4,083,062 |
| | | | | | 14,557,642 |
Industrials - 8.6%
| | | | | | |
BAE Systems PLC - ADR(c) | | | 19,212 | | | 1,274,716 |
Embraer SA - ADR(a)(b) | | | 83,637 | | | 2,958,241 |
RELX PLC - ADR | | | 102,734 | | | 4,875,755 |
Siemens AG - ADR | | | 27,754 | | | 2,804,542 |
| | | | | | 11,913,254 |
Information Technology - 8.6%
| | | | | | |
ASE Technology Holding Co. Ltd. - ADR | | | 209,096 | | | 2,040,777 |
ASML Holding NV | | | 3,203 | | | 2,668,900 |
SAP SE - ADR | | | 25,999 | | | 5,956,371 |
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | | | 7,623 | | | 1,323,886 |
| | | | | | 11,989,934 |
Materials - 8.4%
| | | | | | |
Agnico Eagle Mines Ltd. | | | 34,243 | | | 2,758,616 |
BHP Group Ltd. - ADR(a)(c) | | | 12,920 | | | 802,461 |
CRH PLC | | | 30,315 | | | 2,811,413 |
Rio Tinto PLC - ADR | | | 21,105 | | | 1,502,043 |
Southern Copper Corp.(a) | | | 32,934 | | | 3,809,476 |
| | | | | | 11,684,009 |
TOTAL COMMON STOCKS
(Cost $119,476,040) | | | | | | 133,848,182 |
AFFILIATED EXCHANGE TRADED FUNDS - 1.0%
| | | | | | |
Amplify Samsung SOFR ETF(d) | | | 13,800 | | | 1,383,036 |
TOTAL AFFILIATED EXCHANGE TRADED FUNDS
(Cost $1,383,312) | | | | | | 1,383,036 |
SHORT-TERM INVESTMENTS - 11.7%
|
Investments Purchased with Proceeds from Securities Lending - 9.2%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(e) | | | 12,768,863 | | | 12,768,863 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP International Enhanced Dividend Income ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
SHORT-TERM INVESTMENTS - (Continued)
|
Money Market Funds - 2.5%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(e) | | 3,555,336 | | | $3,555,336 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $16,324,199) | | | | | | 16,324,199 |
TOTAL INVESTMENTS - 108.9%
(Cost $137,183,552) | | | | | | $151,555,417 |
Liabilities in Excess of Other
Assets - (8.9)% | | | | | | (12,420,202) |
TOTAL NET ASSETS - 100.0% | | | | | | $139,135,215 |
| | | | | | | |
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
AG - Aktiengesellschaft
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
SAB de CV - Sociedad Anónima Bursátilde Capital Variable
(a)
| Held in connection with written option contracts. See Schedule of Options Written for further information. |
(b)
| Non-income producing security. |
(c)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $12,271,581 which represented 8.8% of net assets. |
(d)
| Affiliated company as defined by the Investment Company Act of 1940. |
(e)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP International Enhanced Dividend Income ETF
Schedule of Written Options
September 30, 2024
| | | | | | | | | | |
WRITTEN OPTIONS - (0.1)%(a)(b)
| | | | | | | | | |
Call Options - (0.1)%(a)(b)
| | | | | | | | | |
Alibaba Group Holding Ltd., Expiration: 10/04/2024; Exercise Price:
$94.00 | | | $(1,061,200) | | | (100) | | | $(122,000) |
BHP Group Ltd., Expiration: 10/18/2024; Exercise Price: $65.00 | | | (310,550) | | | (50) | | | (2,875) |
Cameco Corp., Expiration: 10/04/2024; Exercise Price: $47.00 | | | (1,074,600) | | | (225) | | | (29,250) |
Coupang, Inc.
| | | | | | | | | |
Expiration: 10/04/2024; Exercise Price: $24.50 | | | (515,550) | | | (210) | | | (8,505) |
Expiration: 10/18/2024; Exercise Price: $26.00 | | | (1,227,500) | | | (500) | | | (10,000) |
Diageo PLC, Expiration: 10/18/2024; Exercise Price: $145.00 | | | (701,700) | | | (50) | | | (5,750) |
Embraer SA, Expiration: 10/18/2024; Exercise Price: $40.00 | | | (707,400) | | | (200) | | | (3,000) |
MakeMyTrip Ltd., Expiration: 10/18/2024; Exercise Price: $120.00 | | | (464,750) | | | (50) | | | (625) |
NetEase, Inc., Expiration: 10/18/2024; Exercise Price: $103.00 | | | (514,305) | | | (55) | | | (9,762) |
Novo Nordisk AS, Expiration: 10/04/2024; Exercise Price: $146.00 | | | (833,490) | | | (70) | | | (1,050) |
NU Holdings Ltd./Cayman Islands
| | | | | | | | | |
Expiration: 10/04/2024; Exercise Price: $15.00 | | | (341,250) | | | (250) | | | (125) |
Expiration: 10/18/2024; Exercise Price: $15.00 | | | (204,750) | | | (150) | | | (975) |
Southern Copper Corp., Expiration: 10/18/2024; Exercise Price: $125.00 | | | (751,855) | | | (65) | | | (7,638) |
Toyota Motor Corp., Expiration: 10/18/2024; Exercise Price: $190.00 | | | (892,850) | | | (50) | | | (4,000) |
Total Call Options | | | | | | | | | (205,555) |
TOTAL WRITTEN OPTIONS (Premiums received $85,439) | | | | | | | | | $(205,555) |
| | | | | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| 100 shares per contract. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cybersecurity ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 96.7%
| | | | | | |
Industrials - 17.3%
| | | | | | |
Booz Allen Hamilton Holding
Corp. | | | 428,581 | | | $69,755,844 |
General Dynamics Corp. | | | 265,727 | | | 80,302,699 |
Leidos Holdings, Inc. | | | 442,046 | | | 72,053,498 |
Northrop Grumman Corp. | | | 151,998 | | | 80,265,584 |
| | | | | | 302,377,625 |
Information Technology - 79.4%(a)
| | | | | | |
Broadcom, Inc. | �� | | 1,065,881 | | | 183,864,472 |
Check Point Software Technologies, Ltd.(b) | | | 347,990 | | | 67,095,952 |
Cisco Systems, Inc. | | | 2,432,559 | | | 129,460,790 |
Cloudflare, Inc. - Class A(b)(c) | | | 844,165 | | | 68,284,507 |
Crowdstrike Holdings, Inc. - Class A(b) | | | 286,087 | | | 80,238,821 |
CyberArk Software, Ltd.(b)(c) | | | 214,840 | | | 62,649,492 |
F5, Inc.(b) | | | 288,514 | | | 63,530,783 |
Fastly, Inc. - Class A(b) | | | 5,068,386 | | | 38,367,682 |
Fortinet, Inc.(b) | | | 1,037,527 | | | 80,460,219 |
Gen Digital, Inc.(c) | | | 2,370,126 | | | 65,012,556 |
Okta, Inc.(b) | | | 758,942 | | | 56,419,748 |
Palo Alto Networks, Inc.(b) | | | 296,086 | | | 101,202,195 |
Qualys, Inc.(b) | | | 373,995 | | | 48,043,398 |
Rapid7, Inc.(b) | | | 1,039,324 | | | 41,458,634 |
Rubrik, Inc. - Class A(b)(c) | | | 1,099,835 | | | 35,359,695 |
SentinelOne, Inc. - Class A(b)(c) | | | 2,266,403 | | | 54,212,360 |
Tenable Holdings, Inc.(b) | | | 1,135,875 | | | 46,025,655 |
Trend Micro, Inc./Japan | | | 916,423 | | | 54,367,768 |
Varonis Systems, Inc.(b) | | | 906,294 | | | 51,205,611 |
Zscaler, Inc.(b) | | | 346,236 | | | 59,185,582 |
| | | | | | 1,386,445,920 |
TOTAL COMMON STOCKS
(Cost $1,444,222,638) | | | | | | 1,688,823,545 |
| | | | | | | |
| | | | | | | |
SHORT-TERM INVESTMENTS - 3.8%
|
Investments Purchased with Proceeds from Securities Lending - 0.4%
| | | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 5.50%(d) | | | 7,494,652 | | | $7,494,652 |
| | | | | | | |
| | | | | | | |
Money Market Funds - 3.4%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(d) | | | 58,396,078 | | | 58,396,078 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $65,890,730) | | | | | | 65,890,730 |
TOTAL INVESTMENTS - 100.5%
(Cost $1,510,113,368) | | | | | | $1,754,714,275 |
Liabilities in Excess of
Other Assets - (0.5)% | | | | | | (8,307,537) |
TOTAL NET ASSETS - 100.0% | | | | | | $1,746,406,738 |
| | | | | | | |
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.
(a)
| 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. |
(b)
| Non-income producing security. |
(c)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $7,314,523 which represented 0.4% of net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Etho Climate Leadership U.S. ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 96.2%
| | | | | | |
Communication Services - 5.3%
| | | | | | |
Cargurus, Inc.(a) | | | 27,659 | | | $ 830,600 |
Cars.com, Inc.(a) | | | 37,161 | | | 622,818 |
Electronic Arts, Inc. | | | 4,812 | | | 690,233 |
Eventbrite, Inc. - Class A(a) | | | 116,498 | | | 318,040 |
Interpublic Group of Cos., Inc. | | | 19,562 | | | 618,746 |
John Wiley & Sons, Inc. - Class A | | | 16,896 | | | 815,232 |
Netflix, Inc.(a) | | | 1,053 | | | 746,861 |
New York Times Co. - Class A | | | 14,771 | | | 822,302 |
Omnicom Group, Inc. | | | 6,598 | | | 682,167 |
Paramount Global - Class B(b) | | | 54,228 | | | 575,901 |
Take-Two Interactive Software,
Inc.(a) | | | 4,300 | | | 660,953 |
TechTarget, Inc.(a) | | | 19,292 | | | 471,689 |
TEGNA, Inc. | | | 42,719 | | | 674,106 |
T-Mobile US, Inc. | | | 3,911 | | | 807,074 |
Verizon Communications, Inc. | | | 15,214 | | | 683,261 |
| | | | | | 10,019,983 |
Consumer Discretionary - 13.4%
| | | | | | |
Asbury Automotive Group, Inc.(a) | | | 2,709 | | | 646,340 |
Beazer Homes USA, Inc.(a) | | | 19,458 | | | 664,880 |
Booking Holdings, Inc. | | | 178 | | | 749,757 |
Burlington Stores, Inc.(a) | | | 2,749 | | | 724,306 |
Carter’s, Inc. | | | 7,537 | | | 489,754 |
Cheesecake Factory, Inc. | | | 17,655 | | | 715,910 |
Chegg, Inc.(a) | | | 84,314 | | | 149,236 |
Chipotle Mexican Grill, Inc.(a) | | | 11,050 | | | 636,701 |
Columbia Sportswear Co. | | | 7,863 | | | 654,123 |
Crocs, Inc.(a) | | | 4,439 | | | 642,812 |
Deckers Outdoor Corp.(a) | | | 4,080 | | | 650,556 |
Denny’s Corporation(a) | | | 71,238 | | | 459,485 |
Etsy, Inc.(a) | | | 9,288 | | | 515,763 |
Floor & Decor Holdings, Inc. - Class A(a) | | | 4,924 | | | 611,413 |
Frontdoor, Inc.(a) | | | 19,591 | | | 940,172 |
Gentex Corp. | | | 17,674 | | | 524,741 |
Gentherm, Inc.(a) | | | 11,087 | | | 516,100 |
G-III Apparel Group Ltd.(a) | | | 22,004 | | | 671,562 |
Haverty Furniture Cos., Inc. | | | 18,707 | | | 513,881 |
Helen of Troy Ltd.(a) | | | 5,539 | | | 342,587 |
iRobot Corp.(a) | | | 72,902 | | | 633,518 |
La-Z-Boy, Inc. | | | 16,966 | | | 728,350 |
LCI Industries | | | 5,187 | | | 625,241 |
Lear Corp. | | | 4,408 | | | 481,133 |
Levi Strauss & Co. - Class A | | | 31,937 | | | 696,227 |
Lithia Motors, Inc. | | | 2,122 | | | 674,032 |
Marriott Vacations Worldwide Corp. | | | 5,925 | | | 435,369 |
Meritage Homes Corp. | | | 3,639 | | | 746,250 |
Modine Manufacturing Co.(a) | | | 6,707 | | | 890,623 |
Movado Group, Inc. | | | 23,148 | | | 430,553 |
Planet Fitness, Inc. - Class A(a) | | | 10,194 | | | 827,957 |
Ralph Lauren Corp. | | | 3,400 | | | 659,158 |
| | | | | | | |
| | | | | | | |
Ross Stores, Inc. | | | 4,349 | | | $ 654,568 |
Steven Madden Ltd. | | | 15,097 | | | 739,602 |
Tesla, Inc.(a) | | | 3,632 | | | 950,240 |
TJX Cos., Inc. | | | 6,295 | | | 739,914 |
Tri Pointe Homes, Inc.(a) | | | 16,509 | | | 748,023 |
Valvoline, Inc.(a) | | | 14,321 | | | 599,334 |
Wayfair, Inc. - Class A(a) | | | 9,403 | | | 528,261 |
YETI Holdings, Inc.(a) | | | 16,560 | | | 679,457 |
| | | | | | 25,287,889 |
Consumer Staples - 4.4%
| | | | | | |
Church & Dwight Co., Inc. | | | 6,119 | | | 640,782 |
Coty, Inc. - Class A(a) | | | 53,361 | | | 501,060 |
Edgewell Personal Care Co. | | | 16,517 | | | 600,228 |
Estee Lauder Cos., Inc. - Class A | | | 4,142 | | | 412,916 |
Ingredion, Inc. | | | 5,464 | | | 750,917 |
Kimberly-Clark Corp. | | | 4,935 | | | 702,152 |
Kroger Co. | | | 11,173 | | | 640,213 |
Performance Food Group Co.(a) | | | 8,552 | | | 670,220 |
Sprouts Farmers Market, Inc.(a) | | | 9,900 | | | 1,093,059 |
SunOpta, Inc.(a) | | | 92,907 | | | 592,746 |
Sysco Corp. | | | 7,863 | | | 613,786 |
TreeHouse Foods, Inc.(a) | | | 16,386 | | | 687,884 |
USANA Health Sciences, Inc.(a) | | | 13,162 | | | 499,103 |
| | | | | | 8,405,066 |
Financials - 17.7%
| | | | | | |
Ally Financial, Inc. | | | 15,724 | | | 559,617 |
Amerant Bancorp, Inc. | | | 27,406 | | | 585,666 |
American Express Co. | | | 2,804 | | | 760,445 |
Arthur J Gallagher & Co. | | | 2,554 | | | 718,619 |
Associated Banc-Corp. | | | 29,676 | | | 639,221 |
Atlantic Union Bankshares Corp. | | | 18,077 | | | 680,961 |
Bank of Hawaii Corp. | | | 10,231 | | | 642,200 |
Bank OZK | | | 14,043 | | | 603,709 |
BankUnited, Inc. | | | 22,798 | | | 830,759 |
BOK Financial Corp. | | | 6,939 | | | 725,958 |
Brown & Brown, Inc. | | | 7,293 | | | 755,555 |
Camden National Corp. | | | 19,041 | | | 786,774 |
Cass Information Systems, Inc. | | | 13,252 | | | 549,693 |
Cohen & Steers, Inc. | | | 8,302 | | | 796,577 |
Columbia Banking System, Inc. | | | 32,987 | | | 861,291 |
Comerica, Inc. | | | 11,608 | | | 695,435 |
Commerce Bancshares, Inc./MO | | | 12,000 | | | 712,800 |
Discover Financial Services | | | 4,869 | | | 683,072 |
Eastern Bankshares, Inc. | | | 46,412 | | | 760,693 |
Essent Group Ltd. | | | 10,725 | | | 689,510 |
First Busey Corp. | | | 26,540 | | | 690,571 |
First Financial Bancorp | | | 28,471 | | | 718,323 |
First Horizon Corp. | | | 41,450 | | | 643,718 |
First Interstate BancSystem, Inc. - Class A | | | 23,458 | | | 719,691 |
Global Payments, Inc. | | | 4,777 | | | 489,260 |
HA Sustainable Infrastructure Capital, Inc. | | | 22,476 | | | 774,748 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Etho Climate Leadership U.S. ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Financials - (Continued)
|
Hamilton Lane, Inc. - Class A | | | 5,663 | | | $ 953,593 |
Hancock Whitney Corp. | | | 13,863 | | | 709,370 |
Huntington Bancshares, Inc./OH | | | 45,761 | | | 672,687 |
Jack Henry & Associates, Inc. | | | 3,675 | | | 648,784 |
KeyCorp | | | 40,374 | | | 676,264 |
LPL Financial Holdings, Inc. | | | 2,417 | | | 562,267 |
Mastercard, Inc. - Class A | | | 1,327 | | | 655,273 |
MSCI, Inc. | | | 1,139 | | | 663,957 |
NMI Holdings, Inc. - Class A(a) | | | 19,736 | | | 812,926 |
OneMain Holdings, Inc. | | | 12,494 | | | 588,093 |
Pacific Premier Bancorp, Inc. | | | 26,592 | | | 669,055 |
PayPal Holdings, Inc.(a) | | | 9,529 | | | 743,548 |
PennyMac Financial Services, Inc. | | | 7,008 | | | 798,702 |
Piper Sandler Cos. | | | 3,216 | | | 912,733 |
Primerica, Inc. | | | 2,523 | | | 668,973 |
Sandy Spring Bancorp, Inc. | | | 27,531 | | | 863,647 |
Selective Insurance Group, Inc. | | | 5,848 | | | 545,618 |
Visa, Inc. - Class A | | | 2,288 | | | 629,086 |
Voya Financial, Inc. | | | 8,635 | | | 684,065 |
W R Berkley Corp. | | | 10,827 | | | 614,216 |
Webster Financial Corp. | | | 12,573 | | | 586,027 |
Wintrust Financial Corp. | | | 6,114 | | | 663,552 |
| | | | | | 33,397,302 |
Health Care - 13.7%
| | | | | | |
Agios Pharmaceuticals, Inc.(a) | | | 21,827 | | | 969,774 |
Allogene Therapeutics, Inc.(a) | | | 142,747 | | | 399,692 |
Alnylam Pharmaceuticals, Inc.(a) | | | 4,164 | | | 1,145,225 |
Amgen, Inc. | | | 2,230 | | | 718,528 |
AMN Healthcare Services, Inc.(a) | | | 10,081 | | | 427,334 |
Arrowhead Pharmaceuticals, Inc.(a) | | | 22,311 | | | 432,164 |
AtriCure, Inc.(a) | | | 20,975 | | | 588,139 |
BioMarin Pharmaceutical, Inc.(a) | | | 7,309 | | | 513,750 |
Bruker Corp. | | | 6,796 | | | 469,332 |
Catalyst Pharmaceuticals, Inc.(a) | | | 40,046 | | | 796,114 |
Cytokinetics, Inc.(a) | | | 9,108 | | | 480,902 |
DexCom, Inc.(a) | | | 4,603 | | | 308,585 |
Editas Medicine, Inc.(a) | | | 85,999 | | | 293,257 |
Edwards Lifesciences Corp.(a) | | | 6,679 | | | 440,747 |
Elanco Animal Health, Inc.(a) | | | 39,203 | | | 575,892 |
Exact Sciences Corp.(a) | | | 9,246 | | | 629,838 |
Exelixis, Inc.(a) | | | 26,900 | | | 698,055 |
Glaukos Corp.(a) | | | 6,772 | | | 882,256 |
Haemonetics Corp.(a) | | | 7,481 | | | 601,323 |
IDEXX Laboratories, Inc.(a) | | | 1,184 | | | 598,180 |
Insulet Corp.(a) | | | 3,724 | | | 866,761 |
Integer Holdings Corp.(a) | | | 5,472 | | | 711,360 |
Ionis Pharmaceuticals, Inc.(a) | | | 14,725 | | | 589,883 |
Merck & Co., Inc. | | | 4,839 | | | 549,517 |
Merit Medical Systems, Inc.(a) | | | 8,427 | | | 832,840 |
Moderna, Inc.(a) | | | 5,990 | | | 400,312 |
Neurocrine Biosciences, Inc.(a) | | | 4,629 | | | 533,353 |
| | | | | | | |
| | | | | | | |
Nevro Corp.(a) | | | 44,190 | | | $ 247,022 |
Pacira BioSciences, Inc.(a) | | | 21,845 | | | 328,767 |
Penumbra, Inc.(a) | | | 2,861 | | | 555,921 |
Pfizer, Inc. | | | 23,000 | | | 665,620 |
Premier, Inc. - Class A | | | 28,881 | | | 577,620 |
Protagonist Therapeutics, Inc.(a) | | | 22,062 | | | 992,790 |
Repligen Corp.(a) | | | 3,470 | | | 516,405 |
ResMed, Inc. | | | 3,223 | | | 786,799 |
Ultragenyx Pharmaceutical, Inc.(a) | | | 13,676 | | | 759,702 |
United Therapeutics Corp.(a) | | | 2,779 | | | 995,855 |
Veeva Systems, Inc. - Class A(a) | | | 2,756 | | | 578,402 |
Veracyte, Inc.(a) | | | 28,798 | | | 980,284 |
Vertex Pharmaceuticals, Inc.(a) | | | 1,527 | | | 710,177 |
Zoetis, Inc. | | | 3,774 | | | 737,364 |
| | | | | | 25,885,841 |
Industrials - 12.7%
| | | | | | |
A.O. Smith Corp. | | | 7,135 | | | 640,937 |
AAON, Inc. | | | 7,247 | | | 781,516 |
Alamo Group, Inc. | | | 2,602 | | | 468,698 |
Atkore, Inc. | | | 3,353 | | | 284,133 |
Bloom Energy Corp. - Class A(a)(b) | | | 56,803 | | | 599,840 |
Brady Corp. - Class A | | | 10,813 | | | 828,600 |
CSG Systems International, Inc. | | | 12,385 | | | 602,530 |
Dayforce, Inc.(a) | | | 9,639 | | | 590,389 |
Franklin Covey Co.(a) | | | 16,258 | | | 668,692 |
Franklin Electric Co., Inc. | | | 5,977 | | | 626,509 |
HNI Corp. | | | 14,144 | | | 761,513 |
Illinois Tool Works, Inc. | | | 2,380 | | | 623,727 |
John Bean Technologies Corp. | | | 6,085 | | | 599,433 |
Kelly Services, Inc. - Class A | | | 25,492 | | | 545,784 |
Lennox International, Inc. | | | 1,307 | | | 789,807 |
Liquidity Services, Inc.(a) | | | 34,319 | | | 782,473 |
Matson, Inc. | | | 5,680 | | | 810,082 |
MSA Safety, Inc. | | | 3,298 | | | 584,867 |
MYR Group, Inc.(a) | | | 3,612 | | | 369,255 |
NORDSON Corp. | | | 2,327 | | | 611,140 |
Paychex, Inc. | | | 5,199 | | | 697,654 |
Paycom Software, Inc. | | | 3,210 | | | 534,690 |
Plug Power, Inc.(a)(b) | | | 185,496 | | | 419,221 |
Resideo Technologies, Inc.(a) | | | 28,472 | | | 573,426 |
Robert Half, Inc. | | | 8,052 | | | 542,785 |
Rockwell Automation, Inc. | | | 2,192 | | | 588,464 |
Rush Enterprises, Inc. - Class A | | | 11,927 | | | 630,103 |
SiteOne Landscape Supply, Inc.(a) | | | 3,657 | | | 551,878 |
SS&C Technologies Holdings, Inc. | | | 9,917 | | | 735,941 |
Steelcase, Inc. - Class A | | | 48,803 | | | 658,352 |
Thermon Group Holdings, Inc.(a) | | | 19,511 | | | 582,208 |
TPI Composites, Inc.(a)(b) | | | 219,311 | | | 997,865 |
Trex Co., Inc.(a) | | | 6,400 | | | 426,112 |
United Rentals, Inc. | | | 885 | | | 716,611 |
Verisk Analytics, Inc. | | | 2,709 | | | 725,904 |
W.W. Grainger, Inc. | | | 629 | | | 653,412 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Etho Climate Leadership U.S. ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Industrials - (Continued)
|
Watts Water Technologies, Inc. -
Class A | | | 3,004 | | | $ 622,399 |
Xylem, Inc./NY | | | 4,940 | | | 667,048 |
| | | | | | 23,893,998 |
Information Technology - 24.3%
| | | | | | |
A10 Networks, Inc. | | | 46,626 | | | 673,279 |
Adobe Systems, Inc.(a) | | | 1,265 | | | 654,992 |
Advanced Micro Devices, Inc.(a) | | | 3,536 | | | 580,187 |
Amkor Technology, Inc. | | | 19,798 | | | 605,819 |
Analog Devices, Inc. | | | 3,228 | | | 742,989 |
Ansys, Inc.(a) | | | 1,839 | | | 585,961 |
Apple, Inc. | | | 3,722 | | | 867,226 |
Applied Materials, Inc. | | | 3,096 | | | 625,547 |
Arista Networks, Inc.(a) | | | 2,203 | | | 845,555 |
Autodesk, Inc.(a) | | | 2,452 | | | 675,477 |
Badger Meter, Inc. | | | 3,946 | | | 861,846 |
BlackLine, Inc.(a) | | | 9,886 | | | 545,114 |
Box, Inc. - Class A(a) | | | 22,541 | | | 737,767 |
Cadence Design System, Inc.(a) | | | 2,052 | | | 556,154 |
CDW Corp./DE | | | 2,497 | | | 565,071 |
Cisco Systems, Inc. | | | 12,789 | | | 680,631 |
Cognex Corp. | | | 15,048 | | | 609,444 |
Cohu, Inc.(a) | | | 19,152 | | | 492,206 |
CTS Corp. | | | 13,642 | | | 660,000 |
Datadog, Inc. - Class A(a) | | | 5,166 | | | 594,400 |
DocuSign, Inc.(a) | | | 10,720 | | | 665,605 |
Dropbox, Inc. - Class A(a) | | | 26,267 | | | 667,970 |
Dynatrace, Inc.(a) | | | 13,747 | | | 735,052 |
Enphase Energy, Inc.(a) | | | 5,277 | | | 596,406 |
Entegris, Inc. | | | 4,542 | | | 511,111 |
EPAM Systems, Inc.(a) | | | 2,313 | | | 460,356 |
Extreme Networks, Inc.(a) | | | 55,310 | | | 831,309 |
F5, Inc.(a) | | | 3,368 | | | 741,634 |
Gartner, Inc.(a) | | | 1,340 | | | 679,058 |
GoDaddy, Inc. - Class A(a) | | | 5,381 | | | 843,633 |
HubSpot, Inc.(a) | | | 1,019 | | | 541,700 |
Infinera Corp.(a)(b) | | | 105,825 | | | 714,319 |
InterDigital, Inc. | | | 5,994 | | | 848,930 |
Intuit, Inc. | | | 983 | | | 610,443 |
IPG Photonics Corp.(a) | | | 7,039 | | | 523,138 |
KLA Corp. | | | 915 | | | 708,585 |
Lam Research Corp.(a) | | | 658 | | | 536,981 |
Lattice Semiconductor Corp.(a) | | | 8,160 | | | 433,051 |
Littelfuse, Inc. | | | 2,635 | | | 698,934 |
Lumentum Holdings, Inc.(a) | | | 13,482 | | | 854,489 |
MaxLinear, Inc.(a) | | | 34,215 | | | 495,433 |
Microsoft Corp. | | | 1,517 | | | 652,765 |
MKS Instruments, Inc. | | | 4,799 | | | 521,699 |
MongoDB, Inc.(a) | | | 1,780 | | | 481,223 |
Monolithic Power Systems, Inc. | | | 944 | | | 872,728 |
NetApp, Inc. | | | 6,082 | | | 751,188 |
NetScout Systems, Inc.(a) | | | 29,220 | | | 635,535 |
| | | | | | | |
| | | | | | | |
Novanta, Inc.(a) | | | 3,654 | | | $653,774 |
Nutanix, Inc. - Class A(a) | | | 10,345 | | | 612,941 |
NVIDIA Corp. | | | 7,070 | | | 858,581 |
Okta, Inc.(a) | | | 6,102 | | | 453,623 |
Power Integrations, Inc. | | | 8,922 | | | 572,079 |
PTC, Inc.(a) | | | 3,380 | | | 610,631 |
Pure Storage, Inc. - Class A(a) | | | 12,281 | | | 616,997 |
Qualcomm, Inc. | | | 3,772 | | | 641,429 |
Rambus, Inc.(a) | | | 10,328 | | | 436,048 |
Rogers Corp.(a) | | | 5,379 | | | 607,881 |
Salesforce, Inc. | | | 2,121 | | | 580,539 |
ScanSource, Inc.(a) | | | 14,492 | | | 696,051 |
ServiceNow, Inc.(a) | | | 838 | | | 749,499 |
Smartsheet, Inc. - Class A(a) | | | 16,581 | | | 917,924 |
Teradyne, Inc. | | | 5,658 | | | 757,776 |
Texas Instruments, Inc. | | | 3,664 | | | 756,872 |
Trimble, Inc.(a) | | | 9,918 | | | 615,809 |
Twilio, Inc. - Class A(a) | | | 10,440 | | | 680,897 |
Universal Display Corp. | | | 3,789 | | | 795,311 |
VeriSign, Inc.(a) | | | 3,369 | | | 639,975 |
Workday, Inc. - Class A(a) | | | 2,341 | | | 572,164 |
Zoom Video Communications, Inc. - Class A(a) | | | 9,765 | | | 681,011 |
Zscaler, Inc.(a) | | | 3,314 | | | 566,495 |
| | | | | | 45,847,247 |
Materials - 2.5%
| | | | | | |
AptarGroup, Inc. | | | 4,437 | | | 710,763 |
Balchem Corp. | | | 4,120 | | | 725,120 |
Berry Global Group, Inc. | | | 10,555 | | | 717,529 |
Element Solutions, Inc. | | | 25,556 | | | 694,101 |
Greif, Inc. - Class B | | | 9,183 | | | 641,249 |
Kronos Worldwide, Inc. | | | 54,105 | | | 673,607 |
Stepan Co. | | | 7,090 | | | 547,703 |
| | | | | | 4,710,072 |
Utilities - 2.2%
| | | | | | |
American States Water Co. | | | 8,836 | | | 735,950 |
American Water Works Co., Inc. | | | 5,225 | | | 764,104 |
California Water Service Group | | | 14,593 | | | 791,233 |
Middlesex Water Co. | | | 12,158 | | | 793,188 |
Sunnova Energy International,
Inc.(a)(b) | | | 104,022 | | | 1,013,174 |
| | | | | | 4,097,649 |
TOTAL COMMON STOCKS
(Cost $168,912,604) | | | | | | 181,545,047 |
REAL ESTATE INVESTMENT TRUSTS - 3.8%
| | | | | | |
AGNC Investment Corp.(b) | | | 64,474 | | | 674,398 |
American Assets Trust, Inc. | | | 29,132 | | | 778,407 |
Apple Hospitality REIT, Inc. | | | 38,971 | | | 578,719 |
Easterly Government Properties, Inc. | | | 55,460 | | | 753,147 |
Essential Properties Realty Trust, Inc.(b) | | | 23,941 | | | 817,585 |
Hudson Pacific Properties, Inc. | | | 98,971 | | | 473,081 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Etho Climate Leadership U.S. ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
REAL ESTATE INVESTMENT TRUSTS - (Continued)
| | | | | | |
Prologis, Inc. | | | 4,903 | | | $619,151 |
Rexford Industrial Realty, Inc. | | | 12,690 | | | 638,434 |
Ryman Hospitality Properties, Inc. | | | 5,523 | | | 592,287 |
Sunstone Hotel Investors, Inc. | | | 57,300 | | | 591,336 |
Xenia Hotels & Resorts, Inc. | | | 42,531 | | | 628,183 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $6,869,524) | | | | | | 7,144,728 |
SHORT-TERM INVESTMENTS - 2.5%
| | | | | |
Investments Purchased with Proceeds from Securities Lending- 2.5%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(c) | | | 4,687,171 | | | 4,687,171 |
Money Market Funds - 0.0%(d) Invesco Government & Agency Portfolio - Institutional Class,
4.85%(c) | | | 36,476 | | | 36,476 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,723,647) | | | | | | 4,723,647 |
TOTAL INVESTMENTS - 102.5%
(Cost $180,505,775) | | | | | | $193,413,422 |
Liabilities in Excess of Other
Assets - (2.5)% | | | | | | (4,634,019) |
TOTAL NET ASSETS - 100.0% | | | | | | $188,779,403 |
| | | | | | | |
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.
(a)
| Non-income producing security. |
(b)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $4,424,583 which represented 2.3% of net assets. |
(c)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
(d)
| Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Global Cloud Technology ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 95.8%
| | | | | | |
Communication Services - 0.3%
| | | | | | |
KINX, Inc. | | | 1,349 | | | $77,781 |
Information Technology - 95.5%(a)
| | | | | | |
8x8, Inc.(b) | | | 6,242 | | | 12,734 |
Appfolio, Inc. - Class A(b) | | | 1,762 | | | 414,775 |
Appian Corp. - Class A(b) | | | 3,518 | | | 120,105 |
Applied Digital Corp.(b)(c) | | | 7,658 | | | 63,179 |
Backblaze, Inc. - Class A(b) | | | 2,085 | | | 13,323 |
Blackbaud, Inc.(b) | | | 2,512 | | | 212,716 |
Box, Inc. - Class A(b) | | | 6,967 | | | 228,030 |
Bytes Technology Group PLC | | | 66,388 | | | 458,604 |
Chinasoft International Ltd. | | | 764,842 | | | 513,997 |
Cloudflare, Inc. - Class A(b) | | | 8,951 | | | 724,046 |
CommVault Systems, Inc.(b) | | | 2,127 | | | 327,239 |
Confluent, Inc. - Class A(b) | | | 15,699 | | | 319,946 |
Cybozu, Inc. | | | 14,645 | | | 200,365 |
Data#3 Ltd. | | | 42,781 | | | 224,969 |
Datadog, Inc. - Class A(b) | | | 6,374 | | | 733,392 |
DigitalOcean Holdings, Inc.(b) | | | 4,460 | | | 180,139 |
Domo, Inc. - Class B(b) | | | 1,856 | | | 13,939 |
Dropbox, Inc. - Class A(b) | | | 15,831 | | | 402,582 |
Elastic NV(b) | | | 15,417 | | | 1,183,409 |
Fastly, Inc. - Class A(b) | | | 6,741 | | | 51,029 |
GDS Holdings Ltd. - ADR(b)(c) | | | 49,826 | | | 1,016,450 |
Gitlab, Inc. - Class A(b) | | | 7,808 | | | 402,424 |
Grid Dynamics Holdings, Inc.(b) | | | 3,729 | | | 52,206 |
HashiCorp, Inc. - Class A(b) | | | 9,870 | | | 334,198 |
Hennge KK(b) | | | 9,006 | | | 73,161 |
Informatica, Inc. - Class A(b) | | | 14,738 | | | 372,577 |
Intapp, Inc.(b) | | | 3,633 | | | 173,766 |
IONOS Group SE(b) | | | 38,648 | | | 966,178 |
Jamf Holding Corp.(b) | | | 6,209 | | | 107,726 |
JFrog Ltd.(b) | | | 5,372 | | | 156,003 |
Kingsoft Cloud Holdings Ltd. - ADR(b) | | | 70,009 | | | 205,827 |
Kyndryl Holdings, Inc.(b) | | | 11,248 | | | 258,479 |
Megaport Ltd.(b) | | | 44,045 | | | 223,672 |
MicroStrategy, Inc. - Class A(b) | | | 5,869 | | | 989,513 |
MongoDB, Inc.(b) | | | 2,422 | | | 654,788 |
N-able, Inc./US(b) | | | 9,032 | | | 117,958 |
nCino, Inc.(b) | | | 5,621 | | | 177,567 |
NetApp, Inc. | | | 6,007 | | | 741,925 |
NEXTDC Ltd.(b) | | | 95,328 | | | 1,157,343 |
Nice, Ltd.(b) | | | 6,765 | | | 1,179,969 |
NS Solutions Corp. | | | 44,680 | | | 1,166,665 |
Nutanix, Inc. - Class A(b) | | | 11,167 | | | 661,645 |
Okta, Inc.(b) | | | 8,264 | | | 614,346 |
Open Text Corp. | | | 35,155 | | | 1,171,530 |
PagerDuty, Inc.(b) | | | 4,525 | | | 83,939 |
| | | | | | | |
| | | | | | | |
Pure Storage, Inc. - Class A(b) | | | 14,948 | | | $750,988 |
Rackspace Technology, Inc.(b) | | | 10,993 | | | 26,933 |
RingCentral, Inc. - Class A(b) | | | 4,465 | | | 141,228 |
Samsara, Inc. - Class A(b) | | | 18,107 | | | 871,309 |
SCSK Corp. | | | 54,300 | | | 1,123,468 |
Sinch AB(b)(d)(e) | | | 233,523 | | | 703,569 |
Smartsheet, Inc. - Class A(b) | | | 6,729 | | | 372,517 |
SolarWinds Corp. | | | 8,242 | | | 107,558 |
SP Soft Co. Ltd.(b) | | | 6,689 | | | 42,455 |
Super Micro Computer, Inc.(b) | | | 1,692 | | | 704,549 |
TechMatrix Corp. | | | 12,311 | | | 206,733 |
Teradata Corp.(b) | | | 4,674 | | | 141,809 |
Unisys Corp.(b) | | | 3,372 | | | 19,153 |
Vnet Group, Inc. - ADR(b) | | | 72,639 | | | 296,367 |
Zeta Global Holdings Corp. - Class A(b) | | | 10,700 | | | 319,181 |
| | | | | | 25,286,190 |
TOTAL COMMON STOCKS
(Cost $23,581,145) | | | | | | 25,363,971 |
REAL ESTATE INVESTMENT TRUSTS - 3.9%
|
Digital Core REIT Management Pte
Ltd. | | | 358,860 | | | 220,699 |
Keppel DC REIT | | | 475,691 | | | 805,187 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $1,026,977) | | | | | | 1,025,886 |
SHORT-TERM INVESTMENTS - 4.1%
|
Investments Purchased with Proceeds from Securities Lending - 3.8%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(f) | | | 1,022,601 | | | 1,022,601 |
Money Market Funds - 0.3%
| | | | | | |
Invesco Government & Agency Portfolio – Institutional Class, 4.85%(f) | | | 74,740 | | | 74,740 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,097,341) | | | | | | 1,097,341 |
TOTAL INVESTMENTS - 103.8%
(Cost $25,705,463) | | | | | | $27,487,198 |
Liabilities in Excess of Other
Assets - (3.8)% | | | | | | (1,006,475) |
TOTAL NET ASSETS - 100.0% | | | | | | $26,480,723 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Global Cloud Technology ETF
Schedule of Investments
September 30, 2024(Continued)
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
AB - Aktiebolag
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a)
| 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. |
(b)
| Non-income producing security. |
(c)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $981,953 which represented 3.7% of net assets. |
(d)
| 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 September 30, 2024, the value of these securities total $703,569 or 2.7% of the Fund’s net assets. |
(e)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $703,569 or 2.7% of the Fund’s net assets. |
(f)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify High Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
INVESTMENT COMPANIES - 99.6%
|
Equity - 43.8%
| | | | | | |
abrdn Global Premier Properties
Fund(a) | | | 2,423,242 | | | $11,195,378 |
abrdn Healthcare Investors(a) | | | 867,129 | | | 16,145,942 |
abrdn Healthcare Opportunities
Fund(a) | | | 226,525 | | | 5,001,672 |
abrdn Life Sciences Investors | | | 776,002 | | | 11,702,110 |
BlackRock ESG Capital Allocation Term Trust | | | 904,950 | | | 16,053,813 |
BlackRock Health Sciences Term
Trust | | | 971,616 | | | 15,390,398 |
BlackRock Innovation and Growth Term Trust(a) | | | 1,996,835 | | | 15,076,104 |
BlackRock Science and Technology Term Trust(a) | | | 754,457 | | | 14,485,575 |
Calamos Long/Short Equity & Dynamic Income Trust(a) | | | 261,481 | | | 4,102,637 |
CBRE Global Real Estate Income Fund(a) | | | 3,197,949 | | | 21,010,525 |
Eaton Vance Tax Managed Global Buy Write Opportunities Fund | | | 530,922 | | | 4,608,403 |
Eaton Vance Tax-Advantaged Dividend Income Fund | | | 191,725 | | | 4,733,690 |
Eaton Vance Tax-Managed Buy-Write Opportunities Fund | | | 347,600 | | | 4,796,880 |
Eaton Vance Tax-Managed Global Diversified Equity Income Fund | | | 526,403 | | | 4,590,234 |
India Fund, Inc. | | | 252,059 | | | 4,794,162 |
Kayne Anderson Energy Infrastructure Fund(a) | | | 422,470 | | | 4,647,170 |
Liberty All Star Growth Fund, Inc. | | | 792,993 | | | 4,448,691 |
Liberty All-Star Equity Fund | | | 704,113 | | | 4,999,202 |
Neuberger Berman Energy Infrastructure and Income Fund, Inc.(a) | | | 570,110 | | | 4,674,902 |
Neuberger Berman Next Generation Connectivity Fund, Inc. | | | 336,480 | | | 4,317,038 |
Nuveen Real Asset Income and Growth Fund | | | 762,364 | | | 10,421,516 |
NYLI CBRE Global Infrastructure Megatrends Term Fund | | | 1,192,227 | | | 17,776,105 |
Virtus Dividend Interest & Premium Strategy Fund | | | 351,304 | | | 4,581,004 |
Virtus Total Return Fund, Inc. | | | 1,751,170 | | | 10,857,254 |
Voya Global Equity Dividend and Premium Opportunity Fund | | | 2,010,283 | | | 11,337,996 |
| | | | | | 231,748,401 |
Fixed Income - 55.8%
| | | | | | |
Aberdeen Asia-Pacific Income Fund, Inc.(a) | | | 971,062 | | | 16,896,479 |
abrdn Global Infrastructure Income Fund(a) | | | 715,171 | | | 14,453,606 |
Advent Convertible and Income
Fund(a) | | | 996,194 | | | 11,695,318 |
BlackRock Capital Allocation Term Trust(a) | | | 966,654 | | | 15,901,458 |
| | | | | | | |
| | | | | | | |
BlackRock Corporate High Yield Fund, Inc. | | | 515,422 | | | $5,185,145 |
BlackRock Credit Allocation Income Trust | | | 437,420 | | | 4,934,098 |
BlackRock Debt Strategies Fund,
Inc.(a) | | | 460,656 | | | 5,081,036 |
BlackRock Floating Rate Income Strategies Fund, Inc.(a) | | | 999,625 | | | 13,195,050 |
BlackRock Floating Rate Income
Trust | | | 640,218 | | | 8,284,421 |
Blackstone Strategic Credit 2027 Term Fund | | | 387,372 | | | 4,772,423 |
Brookfield Real Assets Income Fund, Inc. | | | 338,090 | | | 4,631,833 |
DoubleLine Income Solutions Fund(a) | | | 398,935 | | | 5,178,176 |
Eaton Vance Ltd. Duration Income Fund | | | 468,077 | | | 4,919,489 |
First Trust High Yield Opportunities 2027 Term Fund(a) | | | 322,642 | | | 4,878,347 |
First Trust Senior Floating Rate Income Fund II | | | 737,213 | | | 7,637,527 |
Franklin Ltd. Duration Income Trust | | | 1,146,405 | | | 7,646,521 |
Guggenheim Active Allocation Fund/DE(a) | | | 299,198 | | | 4,951,727 |
KKR Income Opportunities Fund(a) | | | 357,306 | | | 5,273,837 |
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.(a) | | | 1,838,810 | | | 9,267,602 |
Nuveen Core Plus Impact Fund(a) | | | 815,847 | | | 9,667,787 |
Nuveen Credit Strategies Income Fund | | | 2,893,383 | | | 16,752,688 |
Nuveen Floating Rate Income Fund/
Closed-end Fund | | | 1,839,248 | | | 16,222,167 |
Nuveen Multi-Asset Income Fund | | | 672,721 | | | 8,893,372 |
Nuveen Preferred & Income Opportunities Fund | | | 620,969 | | | 5,011,220 |
Nuveen Variable Rate Preferred & Income Fund(a) | | | 246,644 | | | 4,671,437 |
PGIM Global High Yield Fund, Inc.(a) | | | 382,569 | | | 4,889,232 |
PGIM High Yield Bond Fund, Inc. | | | 359,217 | | | 5,007,485 |
RiverNorth Opportunities Fund, Inc. | | | 608,675 | | | 7,864,081 |
Saba Capital Income & Opportunities Fund | | | 1,206,670 | | | 9,158,625 |
Saba Capital Income & Opportunities Fund II(a) | | | 561,771 | | | 4,780,671 |
Virtus Convertible & Income Fund | | | 2,564,131 | | | 8,974,459 |
Western Asset Diversified Income Fund(a) | | | 1,097,616 | | | 17,210,619 |
Western Asset Emerging Markets Debt Fund, Inc. | | | 474,824 | | | 4,833,708 |
Western Asset High Income Fund II, Inc.(a) | | 2,554,526 | | | 11,520,912 |
Western Asset High Income Opportunity Fund, Inc. | | | 1,199,738 | | | 4,858,939 |
| | | | | | 295,101,495 |
TOTAL INVESTMENT COMPANIES
(Cost $508,705,303) | | | | | | 526,849,896 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify High Income ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
SHORT-TERM INVESTMENTS - 2.0%
|
Investments Purchased with Proceeds from Securities Lending - 1.9%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(b) | | | 9,857,081 | | | $9,857,081 |
Money Market Funds - 0.1%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(b) | | 604,204 | | | 604,204 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $10,461,285) | | | | | | 10,461,285 |
TOTAL INVESTMENTS - 101.6%
(Cost $519,166,588) | | | | | | $537,311,181 |
Liabilities in Excess of Other
Assets - (1.6)% | | | | | | (8,318,552) |
TOTAL NET ASSETS - 100.0% | | | | | | $528,992,629 |
| | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $9,589,463 which represented 1.8% of net assets. |
(b)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Junior Silver Miners ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.7%
| | | | | | |
Materials - 99.7%(a)
| | | | | | |
Adriatic Metals PLC - CDI(b)(c) | | | 4,235,752 | | | $10,314,331 |
Adriatic Metals PLC(b) | | | 13,270 | | | 32,395 |
Americas Gold & Silver Corp.(b)(c) | | | 6,898,455 | | | 2,110,927 |
Andean Precious Metals Corp.(b)(c) | | | 8,215,063 | | | 7,966,048 |
Artemis Gold, Inc.(b) | | | 4,836,185 | | | 46,430,526 |
Ascot Resources, Ltd.(b)(c) | | | 11,309,180 | | | 1,339,405 |
Avino Silver & Gold Mines
Ltd.(b)(c) | | | 6,889,240 | | | 7,578,164 |
Aya Gold & Silver, Inc.(b) | | | 3,669,491 | | | 47,805,649 |
Bear Creek Mining Corp.(b) | | | 4,988,292 | | | 1,310,814 |
Boliden AB | | | 414,833 | | | 14,098,413 |
Chesapeake Gold Corp.(b)(c) | | | 923,823 | | | 1,278,766 |
Cia de Minas Buenaventura SAA - ADR | | | 2,103,901 | | | 29,117,990 |
Coeur Mining, Inc.(b) | | | 12,011,091 | | | 82,636,306 |
Develop Global Ltd.(b) | | | 4,230,861 | | | 7,279,204 |
Eldorado Gold Corp.(b) | | | 908,617 | | | 15,782,677 |
Endeavour Silver Corp.(b)(c) | | | 7,282,855 | | | 28,694,449 |
First Majestic Silver Corp.(c) | | | 5,705,851 | | | 34,235,106 |
Fortuna Mining Corp.(b)(c) | | | 5,377,373 | | | 24,897,237 |
Fresnillo PLC | | | 1,369,127 | | | 11,230,030 |
Gatos Silver, Inc.(b) | | | 2,230,133 | | | 33,630,406 |
Generation Mining Ltd.(b)(c) | | | 19,221,131 | | | 3,272,409 |
GoGold Resources, Inc.(b) | | | 9,145,358 | | | 8,665,057 |
Guanajuato Silver Co. Ltd.(b) | | | 20,329,115 | | | 3,498,663 |
Harmony Gold Mining Co. Ltd. - ADR | | | 7,890,016 | | | 80,241,463 |
Hecla Mining Co. | | | 7,924,821 | | | 52,858,556 |
Hochschild Mining PLC(b) | | | 7,346,672 | | | 18,092,727 |
i-80 Gold Corp.(b)(c) | | | 19,823,761 | | | 22,995,563 |
Industrias Penoles SAB de CV(b) | | | 744,782 | | | 9,916,748 |
Ivanhoe Electric, Inc./US(b) | | | 266,751 | | | 2,256,713 |
KGHM Polska Miedz SA | | | 288,450 | | | 11,981,469 |
Kingsgate Consolidated, Ltd.(b) | | | 5,163,292 | | | 4,979,032 |
Kootenay Resources, Inc.(b) | | | 232,409 | | | 10,322 |
MAG Silver Corp.(b) | | | 2,801,860 | | | 39,338,114 |
McEwen Mining, Inc.(b) | | | 152,859 | | | 1,421,589 |
Pan American Silver Corp. | | | 4,221,290 | | | 88,098,322 |
Prime Mining Corp.(b) | | | 7,042,638 | | | 8,236,699 |
Santacruz Silver Mining Ltd.(b) | | | 17,395,205 | | | 4,313,552 |
Seabridge Gold, Inc.(b) | | | 2,767,574 | | | 46,467,567 |
Sierra Metals, Inc.(b)(c) | | | 5,330,534 | | | 2,998,783 |
Silver Mines Ltd.(b) | | | 36,826,885 | | | 2,324,930 |
Silvercorp Metals, Inc. | | | 6,396,036 | | | 27,950,677 |
SilverCrest Metals, Inc.(b) | | | 3,484,326 | | | 32,230,016 |
Skeena Resources Ltd.(b)(c) | | | 4,164,308 | | | 35,417,964 |
Sombrero Resources, Inc.(b) | | | 585,867 | | | 130,101 |
SSR Mining, Inc. | | | 2,766,447 | | | 15,713,419 |
Taseko Mines Ltd.(b) | | | 13,578,954 | | | 34,218,964 |
Trevali Mining Corp.(b)(d) | | | 967,999 | | | 0 |
Trilogy Metals, Inc.(b) | | | 1,065,498 | | | 515,701 |
Triple Flag Precious Metals Corp. | | | 533,520 | | | 8,632,354 |
| | | | | | | |
| | | | | | | |
Vizsla Silver Corp.(b)(c) | | | 9,667,860 | | | $18,534,925 |
Wheaton Precious Metals Corp. | | | 780,362 | | | 47,664,511 |
| | | | | | 1,040,745,753 |
TOTAL COMMON STOCKS
(Cost $786,143,876) | | | | | | 1,040,745,753 |
SHORT-TERM INVESTMENTS - 2.9%
|
Investments Purchased with Proceeds from Securities Lending - 2.6%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(e) | | 27,047,408 | | | 27,047,408 |
Money Market Funds - 0.3%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(e) | | | 3,747,838 | | | 3,747,838 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $30,795,246) | | | | | | 30,795,246 |
TOTAL INVESTMENTS - 102.6%
(Cost $816,939,122) | | | | | | $1,071,540,999 |
Liabilities in Excess of Other
Assets - (2.6)% | | | | | | (27,519,877) |
TOTAL NET ASSETS - 100.0% | | | | | | $1,044,021,122 |
| | | | | | | |
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
AB - Aktiebolag
CDI - CHESS DespositaryReceipt
PLC - Public Limited Company
SA - Sociedad Anónima
SAA - Sociedad Anomina Abierta
SAB de CV - Sociedad Anónima Bursátilde Capital Variable
(a)
| 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. |
(b)
| Non-income producing security. |
(c)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $22,913,688 which represented 2.2% of net assets. |
(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 September 30, 2024. |
(e)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Lithium & Battery Technology ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.5%
| | | | | | |
Consumer Discretionary - 21.8%
| | | | | | |
BYD Co. Ltd. - Class H | | | 121,736 | | | $ 4,444,217 |
EVgo, Inc.(a)(b) | | | 81,929 | | | 339,186 |
Li Auto, Inc. - ADR(a)(b) | | | 54,040 | | | 1,386,126 |
Lotus Technology, Inc - ADR(a)(b) | | | 79,337 | | | 402,239 |
Lucid Group, Inc.(a)(b) | | | 135,667 | | | 478,904 |
NIO, Inc. - ADR(a)(b) | | | 163,576 | | | 1,092,688 |
Polestar Automotive Holding UK
PLC - ADR(a)(b) | | | 468,741 | | | 806,235 |
QuantumScape Corp.(a)(b) | | | 101,368 | | | 582,866 |
Rivian Automotive, Inc. - Class A(a)(b) | | | 52,803 | | | 592,450 |
Serve Robotics, Inc.(a)(b) | | | 32,898 | | | 261,539 |
Tesla, Inc.(a) | | | 17,199 | | | 4,499,774 |
Vinfast Auto Ltd.(a)(b) | | | 78,442 | | | 299,648 |
XPeng, Inc. - ADR(a)(b) | | | 76,803 | | | 935,461 |
Yadea Group Holdings Ltd.(c)(d) | | | 265,455 | | | 471,914 |
Zhejiang Leapmotor Technology
Co. Ltd.(a)(c)(d) | | | 121,180 | | | 522,203 |
| | | | | | 17,115,450 |
Industrials - 27.0%(e)
| | | | | | |
Advanced Energy Solution Holding
Co. Ltd. | | | 35,165 | | | 555,035 |
Ballard Power Systems, Inc.(a)(b) | | | 252,635 | | | 454,743 |
Blink Charging Co.(a)(b) | | | 120,996 | | | 208,113 |
Bloom Energy Corp. - Class A(a)(b) | | | 57,486 | | | 607,052 |
Ceres Power Holdings PLC(a) | | | 188,552 | | | 708,863 |
ChargePoint Holdings, Inc.(a)(b) | | | 307,760 | | | 421,631 |
Contemporary Amperex Technology
Co. Ltd. - Class A | | | 182,324 | | | 6,545,744 |
Doosan Fuel Cell Co. Ltd.(a) | | | 40,274 | | | 584,538 |
Ecopro BM Co. Ltd.(a) | | | 6,071 | | | 856,542 |
Ecopro Materials Co. Ltd.(a) | | | 9,680 | | | 998,571 |
Electreon Wireless Ltd.(a) | | | 7,124 | | | 376,275 |
EnerSys | | | 7,184 | | | 733,127 |
Enovix Corp.(a)(b) | | | 50,438 | | | 471,091 |
Eos Energy Enterprises, Inc.(a)(b) | | | 325,600 | | | 967,032 |
Fluence Energy, Inc.(a) | | | 37,136 | | | 843,359 |
GS Yuasa Corp. | | | 33,005 | | | 653,900 |
Kempower Oyj(a)(b) | | | 18,854 | | | 241,774 |
L&F Co. Ltd.(a) | | | 8,660 | | | 751,633 |
LG Energy Solution Ltd.(a) | | | 4,216 | | | 1,336,340 |
Nikola Corp.(a)(b) | | | 137,924 | | | 631,692 |
Plug Power, Inc.(a)(b) | | | 263,741 | | | 596,055 |
SK IE Technology Co. Ltd.(a)(c)(d) | | | 20,887 | | | 578,198 |
Sungeel Hitech Co. Ltd.(a) | | | 12,170 | | | 545,356 |
Vitzrocell Co. Ltd. | | | 37,829 | | | 538,637 |
| | | | | | 21,205,301 |
Information Technology - 12.1%
| | | | | | |
Daejoo Electronic Materials Co. Ltd.(a) | | | 6,743 | | | 577,515 |
Dynapack International Technology Corp. | | | 169,713 | | | 557,728 |
Kohoku Kogyo Co. Ltd. | | | 26,155 | | | 577,785 |
Lotte Energy Materials Corp. | | | 20,311 | | | 639,912 |
| | | | | | | |
| | | | | | | |
NAURA Technology Group Co. Ltd. - Class A | | | 38,518 | | | $ 2,009,210 |
Phoenix Silicon International Corp. | | | 152,483 | | | 604,699 |
Samsung SDI Co. Ltd. | | | 5,115 | | | 1,480,483 |
Simplo Technology Co. Ltd. | | | 55,653 | | | 621,659 |
SolarEdge Technologies, Inc.(a) | | | 22,615 | | | 518,110 |
TDK Corp. | | | 150,565 | | | 1,909,758 |
| | | | | | 9,496,859 |
Materials - 38.6%(e)
| | | | | | |
African Rainbow Minerals Ltd. | | | 47,968 | | | 525,725 |
Albemarle Corp.(b) | | | 12,900 | | | 1,221,759 |
AMG Critical Materials NV | | | 28,760 | | | 547,764 |
Aneka Tambang Tbk | | | 6,104,584 | | | 596,749 |
Arcadium Lithium PLC(a) | | | 231,922 | | | 660,978 |
BHP Group Ltd. | | | 167,193 | | | 5,312,448 |
Dowa Holdings Co. Ltd. | | | 17,323 | | | 633,379 |
Eramet SA | | | 6,488 | | | 511,327 |
First Quantum Minerals Ltd. | | | 84,559 | | | 1,152,921 |
Ganfeng Lithium Group Co. Ltd. - Class H(c)(d) | | | 323,101 | | | 931,001 |
GMK Norilskiy Nickel PAO - ADR(a)(f) | | | 182,937 | | | 0 |
IGO Ltd. | | | 168,498 | | | 682,636 |
Ivanhoe Electric, Inc./US(a)(b) | | | 69,844 | | | 590,880 |
Jinchuan Group International Resources Co. Ltd. | | | 7,069,503 | | | 609,295 |
Johnson Matthey PLC | | | 33,077 | | | 672,622 |
Jupiter Mines Ltd. | | | 3,120,291 | | | 377,511 |
Leo Lithium Ltd.(a)(f) | | | 742,011 | | | 0 |
Liontown Resources Ltd.(a)(b) | | | 867,557 | | | 482,826 |
Lithium Americas Argentina Corp.(a)(b) | | | 205,442 | | | 669,741 |
Lithium Americas Corp.(a)(b) | | | 213,820 | | | 577,314 |
Lundin Mining Corp. | | | 91,772 | | | 961,521 |
Merdeka Battery Materials Tbk PT(a) | | | 13,332,814 | | | 515,171 |
Mineral Resources Ltd. | | | 23,597 | | | 848,967 |
MP Materials Corp.(a)(b) | | | 50,577 | | | 892,684 |
Nickel Industries Ltd. | | | 992,706 | | | 634,832 |
Patriot Battery Metals, Inc.(a) | | | 1,508,606 | | | 448,478 |
Pilbara Minerals Ltd.(a)(b) | | | 391,528 | | | 885,130 |
Resonac Holdings Corp. | | | 31,956 | | | 818,216 |
Sigma Lithium Corp.(a)(b) | | | 53,027 | | | 655,414 |
Sociedad Quimica y Minera de Chile
SA - ADR(b) | | | 22,052 | | | 919,127 |
South32 Ltd. | | | 517,405 | | | 1,348,555 |
Sumitomo Metal Mining Co. Ltd. | | | 30,751 | | | 918,090 |
Tianqi Lithium Corp. - Class H | | | 264,189 | | | 937,967 |
TMC the metals co., Inc.(a)(b) | | | 472,022 | | | 500,343 |
Trimegah Bangun Persada Tbk PT | | | 8,604,200 | | | 511,478 |
Umicore SA | | | 46,255 | | | 600,360 |
Vale Indonesia Tbk PT(a) | | | 2,046,164 | | | 551,410 |
Vulcan Energy Resources Ltd.(a)(b) | | | 189,408 | | | 591,880 |
| | | | | | 30,296,499 |
TOTAL COMMON STOCKS
(Cost $98,686,924) | | | | | | 78,114,109 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Lithium & Battery Technology ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
SHORT-TERM INVESTMENTS - 23.7%
| | | |
Investments Purchased with Proceeds from Securities Lending - 23.6%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(g) | | | 18,584,516 | | | $18,584,516 |
Money Market Funds - 0.1%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(g) | | | 72,747 | | | 72,747 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $18,657,263) | | | | | | 18,657,263 |
TOTAL INVESTMENTS - 123.2%
(Cost $117,344,187) | | | | | | $96,771,372 |
Liabilities in Excess of Other
Assets - (23.2)% | | | | | | (18,203,639) |
TOTAL NET ASSETS - 100.0% | | | | | | $78,567,733 |
| | | | | | | |
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
NV - Naamloze Vennootschap
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 September 30, 2024. The total market value of these securities was $17,342,562 which represented 22.1% of net assets.
|
(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 September 30, 2024, the value of these securities total $2,503,316 or 3.2% of the Fund’s net assets.
|
(d)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $2,503,316 or 3.2% of the Fund’s net assets.
|
(e)
| 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.
|
(f)
| 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 September 30, 2024.
|
(g)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Mobile Payments ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.7%
| | | | | | |
Financials - 94.6%(a)
| | | | | | |
Adyen NV(b)(c)(d) | | | 8,916 | | | $13,956,811 |
Affirm Holdings, Inc.(b) | | | 301,994 | | | 12,327,395 |
American Express Co. | | | 67,401 | | | 18,279,151 |
Block, Inc.(b) | | | 193,170 | | | 12,967,502 |
Coinbase Global, Inc. - Class A(b) | | | 61,975 | | | 11,042,086 |
Corpay, Inc.(b) | | | 43,413 | | | 13,577,850 |
Discover Financial Services | | | 95,098 | | | 13,341,298 |
Dlocal Ltd./Uruguay(b)(e) | | | 124,287 | | | 994,296 |
Euronet Worldwide, Inc.(b) | | | 62,233 | | | 6,175,381 |
EVERTEC, Inc. | | | 63,596 | | | 2,155,268 |
Fidelity National Information Services, Inc. | | | 161,065 | | | 13,489,194 |
Fiserv, Inc.(b) | | | 101,396 | | | 18,215,791 |
Global Payments, Inc. | | | 116,918 | | | 11,974,742 |
GMO Payment Gateway, Inc. | | | 66,646 | | | 4,100,145 |
Green Dot Corp. - Class A(b) | | | 78,835 | | | 923,158 |
International Money Express, Inc.(b) | | | 50,133 | | | 926,959 |
Kakaopay Corp.(b) | | | 48,189 | | | 899,145 |
Marqeta, Inc. - Class A(b) | | | 537,674 | | | 2,645,356 |
Mastercard, Inc. - Class A | | | 36,183 | | | 17,867,165 |
Nexi SpA(b)(c)(d) | | | 969,166 | | | 6,589,316 |
Pagseguro Digital Ltd. - Class A(b) | | | 250,157 | | | 2,153,852 |
PayPal Holdings, Inc.(b) | | | 249,639 | | | 19,479,331 |
PayPoint PLC | | | 93,334 | | | 846,306 |
QIWI PLC - ADR(b)(e)(f) | | | 235,051 | | | 0 |
Shift4 Payments, Inc. - Class A(b) | | | 98,190 | | | 8,699,634 |
StoneCo Ltd. - Class A(b) | | | 382,738 | | | 4,309,630 |
Toast, Inc. - Class A(b) | | | 514,312 | | | 14,560,173 |
Visa, Inc. - Class A | | | 63,451 | | | 17,445,852 |
Western Union Co. | | | 401,890 | | | 4,794,548 |
WEX, Inc.(b) | | | 56,926 | | | 11,939,090 |
Wise PLC - Class A(b) | | | 1,049,740 | | | 9,455,151 |
Worldline SA(b)(c)(d) | | | 337,180 | | | 2,460,305 |
Zip Co. Ltd.(b) | | | 1,906,345 | | | 3,636,953 |
| | | | | | 282,228,834 |
Information Technology - 5.1%
| | | | | | |
ACI Worldwide, Inc.(b) | | | 133,979 | | | 6,819,531 |
NCR Voyix Corp.(b) | | | 178,875 | | | 2,427,334 |
Q2 Holdings, Inc.(b) | | | 73,459 | | | 5,859,825 |
| | | | | | 15,106,690 |
TOTAL COMMON STOCKS
(Cost $338,086,568) | | | | | | 297,335,524 |
SHORT-TERM INVESTMENTS - 1.0%
| | | | | |
Investments Purchased with Proceeds from Securities Lending - 0.6%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(g) | | | 1,916,003 | | | 1,916,003 |
| | | | | | | |
| | | | | | | |
Money Market Funds - 0.4%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(g) | | | 1,112,097 | | | $1,112,097 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,028,100) | | | | | | 3,028,100 |
TOTAL INVESTMENTS - 100.7%
(Cost $341,114,668) | | | | | | $300,363,624 |
Liabilities in Excess of Other
Assets - (0.7)% | | | | | | (2,037,571) |
TOTAL NET ASSETS - 100.0% | | | | | | $298,326,053 |
| | | | | | | |
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
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| 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.
|
(b)
| Non-income producing security.
|
(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 September 30, 2024, the value of these securities total $23,006,432 or 7.7% of the Fund’s net assets.
|
(d)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $23,006,432 or 7.7% of the Fund’s net assets.
|
(e)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $874,384 which represented 0.3% of net assets.
|
(f)
| 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 September 30, 2024.
|
(g)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Natural Resources Dividend Income ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.3%
| | | | | | |
Commodity Chemicals - 5.1%
| | | | | | |
Dow, Inc. | | | 6,453 | | | $ 352,528 |
LyondellBasell Industries NV - Class A | | | 3,869 | | | 371,037 |
| | | | | | 723,565 |
Diversified Chemicals - 2.1%
| | | | | | |
Huntsman Corp. | | | 12,397 | | | 300,007 |
Fertilizers & Agricultural Chemicals - 5.8%
| | | |
FMC Corp. | | | 4,687 | | | 309,061 |
ICL Group Ltd. | | | 57,054 | | | 242,480 |
Nutrien Ltd. | | | 5,788 | | | 278,171 |
| | | | | | 829,712 |
Integrated Oil & Gas - 20.0%
| | | | | | |
BP PLC - ADR | | | 9,413 | | | 295,474 |
Chevron Corp. | | | 1,800 | | | 265,086 |
Eni SpA - ADR(a) | | | 10,676 | | | 323,590 |
Equinor ASA - ADR(a) | | | 11,249 | | | 284,937 |
Exxon Mobil Corp. | | | 1,882 | | | 220,608 |
Petroleo Brasileiro SA - ADR | | | 49,546 | | | 713,958 |
Shell PLC - ADR | | | 3,560 | | | 234,782 |
Suncor Energy, Inc. | | | 7,215 | | | 266,378 |
TotalEnergies SE - ADR | | | 4,046 | | | 261,452 |
| | | | | | 2,866,265 |
Oil & Gas Drilling - 2.7%
| | | | | | |
Noble Corp. PLC | | | 6,223 | | | 224,899 |
Patterson-UTI Energy, Inc. | | | 21,265 | | | 162,677 |
| | | | | | 387,576 |
Oil & Gas Exploration & Production - 8.6%
| | | |
APA Corp. | | | 7,147 | | | 174,816 |
Canadian Natural Resources Ltd. | | | 8,434 | | | 280,093 |
Coterra Energy, Inc. | | | 8,275 | | | 198,186 |
Devon Energy Corp. | | | 4,416 | | | 172,754 |
Murphy Oil Corp. | | | 5,054 | | | 170,522 |
Veren, Inc. | | | 37,931 | | | 233,276 |
| | | | | | 1,229,647 |
Oil & Gas Refining & Marketing - 6.0%
| | | | | |
HF Sinclair Corp. | | | 5,564 | | | 247,987 |
Phillips 66 | | | 1,580 | | | 207,691 |
Sunoco LP | | | 7,597 | | | 407,807 |
| | | | | | 863,485 |
Oil & Gas Storage & Transportation - 43.7%(b)
| | | |
Antero Midstream Corp. | | | 27,969 | | | 420,933 |
Cheniere Energy Partners LP | | | 7,331 | | | 357,166 |
DT Midstream, Inc. | | | 3,457 | | | 271,928 |
Enbridge, Inc. | | | 13,165 | | | 534,631 |
Energy Transfer LP | | | 31,936 | | | 512,573 |
EnLink Midstream LLC | | | 18,315 | | | 265,751 |
Enterprise Products Partners LP | | | 15,678 | | | 456,387 |
Kinder Morgan, Inc. | | | 17,106 | | | 377,871 |
MPLX LP | | | 12,322 | | | 547,836 |
| | | | | | | |
| | | | | | | |
ONEOK, Inc. | | | 3,844 | | | $350,304 |
Pembina Pipeline Corp. | | | 8,976 | | | 370,170 |
Plains All American Pipeline LP | | | 24,815 | | | 431,036 |
TC Energy Corp. | | | 10,781 | | | 512,637 |
Western Midstream Partners LP | | | 13,796 | | | 527,835 |
Williams Cos., Inc. | | | 6,896 | | | 314,802 |
| | | | | | 6,251,860 |
Specialty Chemicals - 1.8%
| | | | | | |
Eastman Chemical Co. | | | 2,285 | | | 255,806 |
Steel - 3.5%
| | | | | | |
Gerdau SA - ADR | | | 142,132 | | | 497,462 |
TOTAL COMMON STOCKS
(Cost $13,767,753) | | | | | | 14,205,385 |
SHORT-TERM INVESTMENTS - 4.5%
| | | | | | |
Investments Purchased with Proceeds from Securities Lending - 4.2%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(c) | | | 601,824 | | | 601,824 |
Money Market Funds - 0.3%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(c) | | | 36,166 | | | 36,166 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $637,990) | | | | | | 637,990 |
TOTAL INVESTMENTS - 103.8%
(Cost $14,405,743) | | | | | | $14,843,375 |
Liabilities in Excess of
Other Assets - (3.8)% | | | | | | (549,855) |
TOTAL NET ASSETS - 100.0% | | | | | | $14,293,520 |
| | | | | | | |
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
ASA - Advanced Subscription Agreement
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $590,236 which represented 4.1% of net assets.
|
(b)
| 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.
|
(c)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Online Retail ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.9%
| | | | | | |
Marketplace - 40.1%(a)
| | | | | | |
Affirm Holdings, Inc.(b) | | | 104,636 | | | $ 4,271,241 |
Alibaba Group Holding Ltd. | | | 127,900 | | | 1,811,265 |
BigCommerce Holdings, Inc.(b) | | | 576,479 | | | 3,372,402 |
Copart, Inc.(b) | | | 61,737 | | | 3,235,019 |
Coupang, Inc.(b) | | | 54,558 | | | 1,339,399 |
Delivery Hero SE(b)(c)(d) | | | 42,837 | | | 1,731,609 |
DoorDash, Inc. - Class A(b) | | | 26,370 | | | 3,763,790 |
Etsy, Inc.(b) | | | 48,200 | | | 2,676,546 |
Fiverr International Ltd.(b)(e) | | | 58,179 | | | 1,505,091 |
Global-e Online Ltd.(b) | | | 36,608 | | | 1,407,212 |
JD.com, Inc. - Class A | | | 82,550 | | | 1,775,874 |
KE Holdings, Inc. - ADR | | | 81,057 | | | 1,613,845 |
Liquidity Services, Inc.(b) | | | 193,157 | | | 4,403,980 |
Lyft, Inc. - Class A(b) | | | 211,907 | | | 2,701,814 |
Maplebear, Inc.(b) | | | 94,787 | | | 3,861,622 |
Meituan - Class B(b)(c)(d) | | | 86,600 | | | 1,917,631 |
MercadoLibre, Inc.(b) | | | 833 | | | 1,709,283 |
Mercari, Inc.(b) | | | 105,600 | | | 1,850,805 |
Ozon Holdings PLC - ADR(b)(e)(f) | | | 106,678 | | | 0 |
PayPal Holdings, Inc.(b) | | | 50,817 | | | 3,965,250 |
PDD Holdings, Inc. - ADR(b) | | | 9,736 | | | 1,312,510 |
Sea Ltd. - ADR(b) | | | 19,325 | | | 1,821,961 |
Shopify, Inc. - Class A(b) | | | 17,213 | | | 1,379,450 |
Uber Technologies, Inc.(b) | | | 49,583 | | | 3,726,658 |
Upwork, Inc.(b) | | | 281,015 | | | 2,936,607 |
Vivid Seats, Inc. - Class A(b) | | | 647,558 | | | 2,395,965 |
VTEX - Class A(b) | | | 163,525 | | | 1,216,626 |
| | | | | | 63,703,455 |
Omnichannel - 9.7%
| | | | | | |
Apple, Inc. | | | 4,316 | | | 1,005,628 |
Best Buy Co., Inc. | | | 10,143 | | | 1,047,772 |
CarMax, Inc.(b) | | | 10,870 | | | 841,121 |
Dick’s Sporting Goods, Inc. | | | 3,671 | | | 766,138 |
Dillard’s, Inc. - Class A(e) | | | 1,725 | | | 661,865 |
Gap, Inc. | | | 36,844 | | | 812,410 |
H & M Hennes & Mauritz AB - Class B | | | 14,539 | | | 247,848 |
Home Depot, Inc. | | | 2,197 | | | 890,224 |
Industria de Diseno Textil SA | | | 5,114 | | | 303,294 |
Kohl’s Corp. | | | 31,026 | | | 654,649 |
Lululemon Athletica, Inc.(b) | | | 2,060 | | | 558,981 |
Macy’s, Inc. | | | 40,248 | | | 631,491 |
Next PLC | | | 2,070 | | | 271,606 |
NIKE, Inc. - Class B | | | 8,092 | | | 715,333 |
Nordstrom, Inc. | | | 38,846 | | | 873,647 |
Tapestry, Inc. | | | 18,507 | | | 869,459 |
Target Corp. | | | 4,655 | | | 725,528 |
Ulta Beauty, Inc.(b) | | | 1,816 | | | 706,642 |
Victoria’s Secret & Co.(b) | | | 41,816 | | | 1,074,671 |
Walmart, Inc. | | | 12,421 | | | 1,002,996 |
Williams-Sonoma, Inc. | | | 5,136 | | | 795,669 |
| | | | | | 15,456,972 |
| | | | | | | |
| | | | | | | |
Traditional - 39.5%(a)
| | | | | | |
1-800-Flowers.com, Inc. - Class A(b) | | | 370,961 | | | $2,941,721 |
Allegro.eu SA(b)(c)(d) | | | 144,210 | | | 1,308,540 |
Amazon.com, Inc.(b) | | | 18,777 | | | 3,498,718 |
ASKUL Corp. | | | 80,200 | | | 1,212,756 |
Auto1 Group SE(b)(c)(d) | | | 236,797 | | | 2,682,406 |
Beyond, Inc.(b) | | | 170,693 | | | 1,720,585 |
Carvana Co.(b) | | | 38,593 | | | 6,719,427 |
Chewy, Inc. - Class A(b) | | | 223,316 | | | 6,540,926 |
DocMorris AG(b) | | | 13,576 | | | 600,302 |
eBay, Inc. | | | 65,830 | | | 4,286,191 |
Figs, Inc. - Class A(b)(e) | | | 662,893 | | | 4,534,188 |
HelloFresh SE(b) | | | 178,683 | | | 1,833,853 |
Hims & Hers Health, Inc.(b) | | | 268,656 | | | 4,948,644 |
Redcare Pharmacy NV(b)(c)(d) | | | 8,919 | | | 1,290,041 |
Revolve Group, Inc.(b)(e) | | | 170,516 | | | 4,225,387 |
Shutterstock, Inc. | | | 79,199 | | | 2,801,269 |
Spotify Technology SA(b) | | | 4,244 | | | 1,564,041 |
Temple & Webster Group Ltd.(b) | | | 164,292 | | | 1,512,484 |
Vipshop Holdings Ltd. - ADR | | | 80,893 | | | 1,272,447 |
Wayfair, Inc. - Class A(b) | | | 66,513 | | | 3,736,700 |
Zalando SE(b)(c)(d) | | | 46,046 | | | 1,522,156 |
ZOZO, Inc. | | | 57,300 | | | 2,088,662 |
| | | | | | 62,841,444 |
Travel - 10.6%
| | | | | | |
Airbnb, Inc. - Class A(b) | | | 21,529 | | | 2,730,092 |
Booking Holdings, Inc. | | | 985 | | | 4,148,938 |
Despegar.com Corp.(b) | | | 100,394 | | | 1,244,886 |
Expedia Group, Inc.(b) | | | 25,249 | | | 3,737,357 |
MakeMyTrip Ltd.(b) | | | 17,947 | | | 1,668,174 |
Trip.com Group Ltd.(b) | | | 24,600 | | | 1,555,018 |
TripAdvisor, Inc.(b) | | | 127,699 | | | 1,850,358 |
| | | | | | 16,934,823 |
TOTAL COMMON STOCKS
(Cost $189,731,174) | | | | | | 158,936,694 |
SHORT-TERM INVESTMENTS - 3.9%
| | | |
Investments Purchased with Proceeds from Securities Lending - 3.8%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(g) | | | 6,058,557 | | | 6,058,557 |
Money Market Funds - 0.1%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(g) | | | 119,742 | | | 119,742 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,178,299) | | | | | | 6,178,299 |
TOTAL INVESTMENTS - 103.8%
(Cost $195,909,473) | | | | | | $165,114,993 |
Liabilities in Excess of Other
Assets - (3.8)% | | | | | | (6,090,986) |
TOTAL NET ASSETS - 100.0% | | | | | | $159,024,007 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Online Retail ETF
Schedule of Investments
September 30, 2024(Continued)
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
AG - Aktiengesellschaft
AB - Aktiebolag
NV - Naamloze Vennootschap
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| 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.
|
(b)
| Non-income producing security.
|
(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 September 30, 2024, the value of these securities total $10,452,383 or 6.6% of the Fund’s net assets.
|
(d)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $10,452,383 or 6.6% of the Fund’s net assets.
|
(e)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $4,601,590 which represented 2.9% of net assets.
|
(f)
| 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 September 30, 2024.
|
(g)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Samsung SOFR ETF
Schedule of Investments
September 30, 2024
| | | | | | | | |
REPURCHASE AGREEMENTS - 99.9%
| | | | |
Curvature Securities, LLC, 5.00%, dated 9/30/2024, due 10/1/2024, repurchase price $62,307,845 (collateralized by a U.S. Treasury Note 1.75% 11/15/2029: total value $62,056,503) | | | 62,299,193 | | | $62,299,193 | |
Clear Street, LLC, 5.00%, dated 9/30/2024, due 10/1/2024, repurchase price $59,999,265 (collateralized by U.S. Treasury Notes 3.75% 12/31/2030 & 4.38% 8/31/2028: total value $60,156,122) | | | 59,999,265 | | | 59,999,265 | |
Buckler Securities, LLC, 4.98%, dated 9/25/2024, due 10/2/2024, repurchase price $73,966,000 (collateralized by a U.S. Treasury Note 0.88% 6/30/2026: total value $70,058,100) | | | 70,000,000 | | | 70,000,000 | |
Buckler Securities, LLC, 5.00%, dated 9/30/2024, due 10/7/2024, repurchase price $48,573,000 (collateralized by a U.S. Treasury Note 4.50% 5/15/2027: total value $50,006,944) | | | 50,000,000 | | | 50,000,000 | |
| | | | | | 242,298,458 | |
TOTAL REPURCHASE AGREEMENTS
(Cost $242,298,458) | | | | | | 242,298,458 | |
SHORT-TERM INVESTMENTS - 0.1%
| | | | | | |
Money Market Funds - 0.1%
| | | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(a) | | | 106,826 | | | 106,826 | |
TOTAL SHORT-TERM INVESTMENTS
(Cost $106,826) | | | | | | 106,826 | |
TOTAL INVESTMENTS - 100.0%
(Cost $242,405,284) | | | | | | $242,405,284 | |
Other Assets in Excess of
Liabilities - 0.0%(b) | | | | | | 54,482 | |
TOTAL NET ASSETS - 100.0% | | | | | | $242,459,766 | |
| | | | | | | | |
Percentages are stated as a percent of net assets.
(a)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024.
|
(b)
| Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Seymour Cannabis ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 41.5%
| | | | | | |
Consumer Discretionary - 3.7%
| | | | | | |
GrowGeneration Corp.(a) | | | 484,394 | | | $ 1,031,759 |
Consumer Staples - 1.9%
| | | | | | |
Village Farms International, Inc.(a)(b) | | | 562,770 | | | 523,376 |
Financials - 3.1%
| | | | | | |
Silver Spike Investment Corp.(b) | | | 82,918 | | | 878,931 |
Health Care - 28.7%(c)
| | | | | | |
Aleafia Health, Inc.(a)(d) | | | 80,872 | | | 0 |
Auxly Cannabis Group, Inc.(a) | | | 3,041,044 | | | 78,699 |
Canopy Growth Corp.(a)(b) | | | 35,152 | | | 169,433 |
Cara Therapeutics, Inc.(a) | | | 63,506 | | | 19,560 |
Charlotte’s Web Holdings, Inc.(a)(b) | | | 1,068,907 | | | 154,118 |
Clever Leaves Holdings, Inc.(a)(d) | | | 5,249 | | | 0 |
Cronos Group, Inc.(a) | | | 507,917 | | | 1,112,338 |
Curaleaf Holdings, Inc.(a) | | | 682,364 | | | 2,078,701 |
Jazz Pharmaceuticals PLC(a) | | | 537 | | | 59,827 |
MediPharm Labs Corp.(a) | | | 2,927,844 | | | 140,715 |
Organigram Holdings, Inc.(a) | | | 164,536 | | | 297,810 |
SNDL, Inc.(a) | | | 289,526 | | | 596,424 |
TerrAscend Corp.(a) | | | 1,044,276 | | | 1,335,796 |
Tilray Brands, Inc.(a)(b) | | | 1,132,544 | | | 1,993,277 |
| | | | | | 8,036,698 |
Industrials - 0.4%
| | | | | | |
Hydrofarm Holdings Group, Inc.(a) | | | 166,326 | | | 114,599 |
Information Technology - 3.7%
| | | | | | |
WM Technology, Inc.(a) | | | 1,176,741 | | | 1,023,765 |
TOTAL COMMON STOCKS
(Cost $69,214,945) | | | | | | 11,609,128 |
REAL ESTATE INVESTMENT TRUSTS - 10.2%
| | | |
Chicago Atlantic Real Estate
Finance, Inc. | | | 29,072 | | | 450,907 |
Innovative Industrial Properties, Inc. | | | 17,856 | | | 2,403,418 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $2,087,440) | | | | | | 2,854,325 |
| | | Contracts | | | |
RIGHTS - 0.0%(e)
|
Health Care - 0.0%(e)
| | | | | | |
Harmony Biosciences Holdings, Inc., Expires 10/12/2024, Exercise Price $2.54(a)(d) | | | 220,858 | | | 0 |
TOTAL RIGHTS
(Cost $0) | | | | | | 0 |
| | | | | | | |
| | | | | | | |
SHORT-TERM INVESTMENTS - 15.5%
| | | |
Investments Purchased with Proceeds from Securities Lending - 8.8%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(f) | | | 2,458,138 | | | $2,458,138 |
Money Market Funds - 6.7%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(f) | | | 1,880,226 | | | 1,880,226 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,338,364) | | | | | | 4,338,364 |
TOTAL INVESTMENTS - 67.1%
(Cost $75,640,749) | | | | | | $18,801,817 |
Other Assets in Excess of
Liabilities - 32.8% | | | | | | 9,176,144 |
TOTAL NET ASSETS - 100.0% | | | | | | $27,977,961 |
| | | | | | | |
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.
PLC - Public Limited Company
(a)
| Non-income producing security.
|
(b)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $2,101,883 which represented 7.5% of net assets.
|
(c)
| 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.
|
(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 September 30, 2024.
|
(e)
| Represents less than 0.05% of net assets.
|
(f)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Seymour Cannabis ETF
Schedule of Total Return Swap Contracts
September 30, 2024
| | | | | | | | | | | | | | | | | | | | | | |
Ayr Wellness, Inc. Warrant Expires 02/07/2026 | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | $70,367 | | | $(12,401) |
Ayr Wellness, Inc. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 436,043 | | | (74,146) |
Cannabist Company | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 68,789 | | | 1,277 |
Cresco Labs, Inc. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 1,956,896 | | | (39,846) |
Curaleaf Holdings, Inc. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 438,317 | | | 9,018 |
Green Thumb
Industries, Inc. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 3,659,766 | | | (147,232) |
Trulieve Cannabis Corp. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 5,168,042 | | | 361,482 |
Verano Holdings Corp. | | | Nomura Securities
International, Inc. | | | Long | | | 06/26/2025 | | | OBFR + 1.50% = 6.33% | | | Monthly | | | 1,942,213 | | | 46,580 |
Total Unrealized Appreciation (Depreciation) | | | | | | | | | | | | | | | | | | | | | $144,732 |
| | | | | | | | | | | | | | | | | | | | | | |
There are no upfront payments or receipts associated with total return swaps in the Fund as of September 30, 2024.
Notional Amount is in USD unless otherwise indicated.
OBFR - Overnight Bank Funding Rate
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Thematic All-Stars ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.2%
| | | | | | |
Communication Services - 12.2%
| | | | | | |
Alphabet, Inc. - Class A | | | 589 | | | $ 97,686 |
Meta Platforms, Inc. - Class A | | | 147 | | | 84,149 |
Netflix, Inc.(a) | | | 23 | | | 16,313 |
ROBLOX Corp. - Class A(a) | | | 621 | | | 27,485 |
Roku, Inc.(a) | | | 196 | | | 14,633 |
Spotify Technology SA(a) | | | 17 | | | 6,265 |
Tencent Holdings Ltd. | | | 224 | | | 12,821 |
Trade Desk, Inc. - Class A(a) | | | 107 | | | 11,733 |
| | | | | | 271,085 |
Consumer Discretionary - 11.4%
| | | | | | |
Alibaba Group Holding Ltd. | | | 920 | | | 13,029 |
Amazon.com, Inc.(a) | | | 418 | | | 77,886 |
BYD Co. Ltd. - Class H | | | 232 | | | 8,476 |
Lucid Group, Inc.(a)(b) | | | 1,757 | | | 6,202 |
MercadoLibre, Inc.(a) | | | 4 | | | 8,208 |
Rivian Automotive, Inc. - Class A(a) | | | 500 | | | 5,610 |
Tesla, Inc.(a) | | | 508 | | | 132,908 |
| | | | | | 252,319 |
Financials - 4.1%
| | | | | | |
Block, Inc.(a) | | | 524 | | | 35,176 |
Coinbase Global, Inc. - Class A(a) | | | 180 | | | 32,071 |
PayPal Holdings, Inc.(a) | | | 122 | | | 9,520 |
Robinhood Markets, Inc. - Class A(a) | | | 612 | | | 14,333 |
| | | | | | 91,100 |
Health Care - 1.3%
| | | | | | |
Intuitive Surgical, Inc.(a) | | | 47 | | | 23,090 |
Regeneron Pharmaceuticals, Inc.(a) | | | 5 | | | 5,256 |
| | | | | | 28,346 |
Industrials - 4.2%
| | | | | | |
ABB Ltd. | | | 210 | | | 12,196 |
AeroVironment, Inc.(a) | | | 29 | | | 5,814 |
Booz Allen Hamilton Holding Corp. | | | 58 | | | 9,440 |
NEXTracker, Inc. - Class A(a) | | | 152 | | | 5,697 |
Northrop Grumman Corp. | | | 12 | | | 6,337 |
Siemens AG | | | 33 | | | 6,679 |
Sunrun, Inc.(a) | | | 504 | | | 9,102 |
Uber Technologies, Inc.(a) | | | 123 | | | 9,245 |
Veralto Corp. | | | 77 | | | 8,613 |
Vestas Wind Systems AS(a) | | | 316 | | | 6,995 |
Xylem, Inc./NY | | | 92 | | | 12,423 |
| | | | | | 92,541 |
Information Technology - 64.3%(c)
| | | | | | |
Accenture PLC - Class A | | | 22 | | | 7,777 |
Adobe, Inc.(a) | | | 52 | | | 26,925 |
Advanced Micro Devices, Inc.(a) | | | 415 | | | 68,093 |
Akamai Technologies, Inc.(a) | | | 212 | | | 21,401 |
Analog Devices, Inc. | | | 25 | | | 5,754 |
Apple, Inc. | | | 165 | | | 38,445 |
| | | | | | | |
| | | | | | | |
Arista Networks, Inc.(a) | | | 61 | | | $ 23,413 |
Autodesk, Inc.(a) | | | 35 | | | 9,642 |
Broadcom, Inc. | | | 445 | | | 76,762 |
Cadence Design Systems, Inc.(a) | | | 30 | | | 8,131 |
Check Point Software Technologies Ltd.(a) | | 93 | | | 17,931 |
Cisco Systems, Inc. | | | 889 | | | 47,313 |
Cloudflare, Inc. - Class A(a) | | | 492 | | | 39,798 |
Crowdstrike Holdings, Inc. - Class A(a) | | | 216 | | | 60,581 |
CyberArk Software Ltd.(a) | | | 82 | | | 23,912 |
Datadog, Inc. - Class A(a) | | | 126 | | | 14,498 |
Dynatrace, Inc.(a) | | | 131 | | | 7,005 |
Enphase Energy, Inc.(a) | | | 280 | | | 31,646 |
F5, Inc.(a) | | | 45 | | | 9,909 |
First Solar, Inc.(a) | | | 140 | | | 34,922 |
Fortinet, Inc.(a) | | | 499 | | | 38,697 |
Gen Digital, Inc. | | | 303 | | | 8,311 |
HubSpot, Inc.(a) | | | 15 | | | 7,974 |
Infineon Technologies AG | | | 161 | | | 5,653 |
Intel Corp. | | | 660 | | | 15,484 |
International Business Machines Corp. | | | 109 | | | 24,098 |
Itron, Inc.(a) | | | 63 | | | 6,729 |
Keyence Corp. | | | 13 | | | 6,213 |
Marvell Technology, Inc. | | | 116 | | | 8,366 |
Micron Technology, Inc. | | | 140 | | | 14,519 |
Microsoft Corp. | | | 186 | | | 80,036 |
MongoDB, Inc.(a) | | | 48 | | | 12,977 |
NVIDIA Corp. | | | 911 | | | 110,632 |
NXP Semiconductors NV | | | 33 | | | 7,920 |
Okta, Inc.(a) | | | 401 | | | 29,810 |
ON Semiconductor Corp.(a) | | | 108 | | | 7,842 |
Oracle Corp. | | | 195 | | | 33,228 |
Palantir Technologies, Inc. - Class A(a) | | | 571 | | | 21,241 |
Palo Alto Networks, Inc.(a) | | | 208 | | | 71,094 |
PTC, Inc.(a) | | | 34 | | | 6,142 |
Pure Storage, Inc. - Class A(a) | | | 157 | | | 7,888 |
QUALCOMM, Inc. | | | 238 | | | 40,472 |
Qualys, Inc.(a) | | | 111 | | | 14,259 |
Rapid7, Inc.(a) | | | 180 | | | 7,180 |
Salesforce, Inc. | | | 96 | | | 26,276 |
Samsung Electronics Co. Ltd. | | | 144 | | | 6,772 |
Samsung SDI Co. Ltd. | | | 25 | | | 7,236 |
SentinelOne, Inc. - Class A(a) | | | 1,087 | | | 26,001 |
ServiceNow, Inc.(a) | | | 33 | | | 29,515 |
Shopify, Inc. - Class A(a) | | | 414 | | | 33,178 |
Snowflake, Inc. - Class A(a) | | | 78 | | | 8,959 |
Synopsys, Inc.(a) | | | 22 | | | 11,141 |
Tenable Holdings, Inc.(a) | | | 261 | | | 10,576 |
Teradyne, Inc. | | | 97 | | | 12,991 |
Trend Micro, Inc./Japan | | | 150 | | | 8,899 |
UiPath, Inc. - Class A(a) | | | 873 | | | 11,174 |
Unity Software, Inc.(a) | | | 443 | | | 10,021 |
Varonis Systems, Inc.(a) | | | 233 | | | 13,164 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Thematic All-Stars ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
COMMON STOCKS - (Continued)
|
Information Technology - (Continued)
|
Workday, Inc. - Class A(a) | | | 24 | | | $5,866 |
Zscaler, Inc.(a) | | | 248 | | | 42,393 |
| | | | | | 1,424,785 |
Materials - 1.3%
| | | | | | |
Albemarle Corp. | | | 125 | | | 11,839 |
Arcadium Lithium PLC(a) | | | 2,670 | | | 7,609 |
Ecolab, Inc. | | | 33 | | | 8,426 |
| | | | | | 27,874 |
Utilities - 0.4%
| | | | | | |
American Water Works Co., Inc. | | | 60 | | | 8,774 |
TOTAL COMMON STOCKS
(Cost $2,107,501) | | | | | | 2,196,824 |
REAL ESTATE INVESTMENT TRUSTS - 0.6%
| | | | | | |
Digital Realty Trust, Inc. | | | 44 | | | 7,121 |
Equinix, Inc. | | | 8 | | | 7,101 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $12,700) | | | | | | 14,222 |
SHORT-TERM INVESTMENTS - 0.5%
| | | | | | |
Investments Purchased with Proceeds from Securities Lending - 0.3%
| | | | | | |
First American Government Obligations Fund - Class X, 4.82%(d) | | | 6,390 | | | 6,390 |
Money Market Funds - 0.2%
| | | | | | |
Invesco Government & Agency Portfolio – Institutional Class, 4.85%(d) | | | 4,938 | | | 4,938 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,328) | | | | | | 11,328 |
TOTAL INVESTMENTS - 100.3%
(Cost $2,131,529) | | | | | | $2,222,374 |
Liabilities in Excess of Other
Assets - (0.3)% | | | | | | (7,013) |
TOTAL NET ASSETS - 100.0% | | | | | | $2,215,361 |
| | | | | | | |
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.
AG - Aktiengesellschaft
NV - Naamloze Vennootschap
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 September 30, 2024. The total market value of these securities was $6,015 which represented 0.3% of net assets.
|
(c)
| 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.
|
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Transformational Data Sharing ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 91.9%
| | | | | | |
Banks - 5.4%
| | | | | | |
Customers Bancorp, Inc.(a) | | | 120,803 | | | $5,611,299 |
DBS Group Holdings Ltd. | | | 314,920 | | | 9,323,249 |
NU Holdings Ltd./Cayman Islands - Class A(a) | | | 1,641,767 | | | 22,410,120 |
| | | | | | 37,344,668 |
Commercial & Professional Services - 1.2%
| | | |
CACI International, Inc. - Class A(a) | | | 16,613 | | | 8,382,255 |
Consumer Discretionary Distribution & Retail - 5.4%
| | | | | | |
Alibaba Group Holding Ltd. - ADR | | | 86,312 | | | 9,159,429 |
Beyond, Inc.(a) | | | 997,349 | | | 10,053,278 |
MercadoLibre, Inc.(a) | | | 8,609 | | | 17,665,324 |
| | | | | | 36,878,031 |
Financial Services - 28.2%(b)
| | | | | | |
BlackRock, Inc. | | | 12,377 | | | 11,752,085 |
Block, Inc.(a) | | | 334,765 | | | 22,472,774 |
CME Group, Inc. | | | 65,386 | | | 14,427,421 |
Coinbase Global, Inc. - Class A(a) | | | 115,478 | | | 20,574,715 |
Franklin Resources, Inc. | | | 233,027 | | | 4,695,494 |
Galaxy Digital Holdings Ltd.(a) | | | 2,521,747 | | | 32,369,055 |
Mastercard, Inc. - Class A | | | 15,994 | | | 7,897,837 |
Mogo, Inc.(a) | | | 1,228,621 | | | 1,449,773 |
PayPal Holdings, Inc.(a) | | | 330,749 | | | 25,808,344 |
Robinhood Markets, Inc. - Class A(a) | | | 983,759 | | | 23,039,636 |
SBI Holdings, Inc. | | | 789,007 | | | 18,088,558 |
Visa, Inc. - Class A | | | 23,108 | | | 6,353,545 |
WisdomTree, Inc. | | | 409,250 | | | 4,088,408 |
| | | | | | 193,017,645 |
Media & Entertainment - 4.1%
| | | | | | |
LY Corp. | | | 2,334,175 | | | 6,809,668 |
ROBLOX Corp. - Class A(a) | | | 480,832 | | | 21,281,625 |
| | | | | | 28,091,293 |
Semiconductors & Semiconductor Equipment - 7.1%
| | | | | | |
Advanced Micro Devices, Inc.(a) | | | 70,034 | | | 11,491,179 |
Broadcom, Inc. | | | 43,960 | | | 7,583,100 |
NVIDIA Corp. | | | 96,648 | | | 11,736,933 |
QUALCOMM, Inc. | | | 52,916 | | | 8,998,366 |
Taiwan Semiconductor Manufacturing
Co. Ltd. - ADR | | | 50,146 | | | 8,708,856 |
| | | | | | 48,518,434 |
Software & Services - 36.1%(b)
| | | | | | |
BIGG Digital Assets, Inc.(a)(c) | | | 5,772,672 | | | 682,929 |
Bitdeer Technologies Group(a)(c) | | | 1,294,839 | | | 10,138,589 |
Bitfarms Ltd./Canada(a)(c) | | | 6,156,546 | | | 12,990,312 |
Cipher Mining, Inc.(a) | | | 3,698,584 | | | 14,313,520 |
Cleanspark, Inc.(a)(c) | | | 1,569,344 | | | 14,657,673 |
| | | | | | | |
| | | | | | | | |
Core Scientific, Inc.(a) | | | 3,282,564 | | | $38,931,209 | |
Digital Garage, Inc. | | | 368,982 | | | 7,855,870 | |
GMO internet group, Inc. | | | 832,252 | | | 14,534,371 | |
Hive Digital Technologies Ltd.(a) | | | 4,002,065 | | | 12,526,464 | |
Hut 8 Corp.(a)(c) | | | 1,376,321 | | | 16,873,696 | |
International Business Machines Corp. | | | 98,559 | | | 21,789,424 | |
MARA Holdings, Inc.(a)(c) | | | 878,242 | | | 14,245,085 | |
MicroStrategy, Inc. - Class A(a) | | | 175,340 | | | 29,562,324 | |
Opera Ltd. - ADR | | | 670,140 | | | 10,353,663 | |
Oracle Corp. | | | 77,026 | | | 13,125,230 | |
Riot Platforms, Inc.(a)(c) | | | 1,474,149 | | | 10,938,186 | |
Terawulf, Inc.(a) | | | 814,682 | | | 3,812,712 | |
| | | | | | 247,331,257 | |
Technology Hardware & Equipment - 4.4%
| | | | | | |
CompoSecure, Inc. - Class A(c) | | | 1,525,880 | | | 21,392,837 | |
Dell Technologies, Inc. - Class C | | | 73,568 | | | 8,720,751 | |
| | | | | | 30,113,588 | |
TOTAL COMMON STOCKS
(Cost $680,196,743) | | | | | | 629,677,171 | |
EXCHANGE TRADED FUNDS - 6.2%
| | | | | | | |
Bitwise Bitcoin ETF(a) | | | 198,089 | | | 6,851,899 | |
Fidelity Wise Origin Bitcoin Fund(a) | | | 199,176 | | | 11,060,243 | |
Invesco Galaxy Bitcoin ETF(a) | | | 107,950 | | | 6,859,143 | |
iShares Bitcoin Trust ETF(a) | | | 187,721 | | | 6,782,360 | |
VanEck Bitcoin ETF/US(a) | | | 154,780 | | | 11,117,847 | |
TOTAL EXCHANGE TRADED FUNDS
(Cost $44,714,293) | | | | | | 42,671,492 | |
| | | Par | | | | |
CORPORATE BONDS - 0.3%
| |
Software & Services - 0.3%
| | | | | | | |
MicroStrategy, Inc.,
6.13%, 06/15/2028(d)(e)(f) | | | $2,000,000 | | | 2,061,560 | |
TOTAL CORPORATE BONDS
(Cost $1,630,094) | | | | | | 2,061,560 | |
CONVERTIBLE BONDS - 0.2%
| | | | | | | |
Software & Services - 0.2%
| | | | | | | |
Bitdeer Technologies Group,
8.50%, 08/15/2029 | | | 1,500,000 | | | 1,750,360 | |
TOTAL CONVERTIBLE BONDS
(Cost $1,527,772) | | | | | | 1,750,360 | |
| | | Shares | | | | |
SHORT-TERM INVESTMENTS - 13.7%
| | | | |
Investments Purchased with Proceeds from Securities Lending - 13.0%
| | | | | | | |
First American Government Obligations Fund - Class X, 4.82%(g) | | | 88,991,633 | | | 88,991,633 | |
| | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Transformational Data Sharing ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
SHORT-TERM INVESTMENTS - (Continued)
|
Money Market Funds - 0.7%
| | | | | | |
Invesco Government & Agency Portfolio – Institutional Class, 4.85%(g) | | | 4,751,107 | | | $4,751,107 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $93,742,740) | | | | | | 93,742,740 |
TOTAL INVESTMENTS - 112.3%
(Cost $821,811,642) | | | | | | $769,903,323 |
Liabilities in Excess of Other
Assets - (12.3)% | | | | | | (84,506,046) |
TOTAL NET ASSETS - 100.0% | | | | | | $685,397,277 |
| | | | | | | |
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
(a)
| Non-income producing security.
|
(b)
| 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.
|
(c)
| All or a portion of this security is on loan as of September 30, 2024. The total market value of these securities was $81,517,293 which represented 11.9% of net assets.
|
(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 $2,061,560 or 0.3% of net assets as of September 30, 2024.
|
(e)
| 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 September 30, 2024, the value of these securities total $2,061,560 or 0.3% of the Fund’s net assets.
|
(f)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $2,061,560 or 0.3% of the Fund’s net assets.
|
(g)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Travel Tech ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 100.0%
| | | | | | |
Communication Services - 3.8%
| | | | | | |
TripAdvisor, Inc.(a) | | | 170,851 | | | $2,475,631 |
Consumer Discretionary - 76.4%(b)
| | | | | | |
Adventure, Inc. | | | 21,079 | | | 683,034 |
Airbnb, Inc. - Class A(a) | | | 23,057 | | | 2,923,858 |
Airtrip Corp.(a) | | | 106,754 | | | 908,275 |
Amadeus IT Group SA | | | 35,234 | | | 2,552,835 |
Booking Holdings, Inc. | | | 708 | | | 2,982,181 |
Corporate Travel Management Ltd. | | | 293,479 | | | 2,626,456 |
CVC Brasil Operadora e Agencia de Viagens SA(a) | | | 4,515,553 | | | 1,542,276 |
Despegar.com Corp.(a) | | | 196,674 | | | 2,438,758 |
eDreams ODIGEO SA(a) | | | 319,610 | | | 2,429,124 |
Expedia Group, Inc.(a) | | | 19,809 | | | 2,932,128 |
Global Business Travel Group I(a) | | | 337,092 | | | 2,592,237 |
Hana Tour Service, Inc. | | | 64,168 | | | 2,478,003 |
MakeMyTrip Ltd.(a) | | | 25,387 | | | 2,359,722 |
On the Beach Group PLC(c)(d) | | | 1,194,482 | | | 2,236,690 |
Open Door, Inc.(a) | | | 82,257 | | | 404,844 |
Sabre Corp.(a) | | | 826,441 | | | 3,033,038 |
Temairazu, Inc. | | | 23,962 | | | 582,131 |
Tongcheng Travel Holdings Ltd.(d) | | | 1,200,329 | | | 3,084,463 |
Trainline PLC(a)(c)(d) | | | 605,049 | | | 2,673,344 |
TravelSky Technology Ltd. - Class H | | | 1,985,841 | | | 2,955,433 |
Trip.com Group Ltd. - ADR(a) | | | 49,868 | | | 2,963,655 |
Webjet Group Ltd.(a) | | | 465,992 | | | 323,282 |
Webjet Ltd.(a) | | | 465,992 | | | 2,376,125 |
| | | | | | 50,081,892 |
Industrials - 11.3%
| | | | | | |
Blade Air Mobility, Inc.(a) | | | 646,681 | | | 1,901,242 |
Lyft, Inc. - Class A(a) | | | 211,569 | | | 2,697,505 |
Uber Technologies, Inc.(a) | | | 37,584 | | | 2,824,814 |
| | | | | | 7,423,561 |
Information Technology - 8.5%
| | | | | | |
accesso Technology Group PLC(a) | | | 331,256 | | | 2,274,963 |
Serko Ltd.(a) | | | 90,191 | | | 170,431 |
SiteMinder Ltd.(a) | | | 718,825 | | | 3,151,691 |
| | | | | | 5,597,085 |
TOTAL COMMON STOCKS
(Cost $80,093,941) | | | | | | 65,578,169 |
TOTAL INVESTMENTS - 100.0%
(Cost $80,093,941) | | | | | | $65,578,169 |
Liabilities in Excess of Other
Assets - (0.0)%(e) | | | | | | (25,119) |
TOTAL NET ASSETS - 100.0% | | | | | | $65,553,050 |
| | | | | | | |
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)
| 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.
|
(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 September 30, 2024, the value of these securities total $4,910,034 or 7.5% of the Fund’s net assets.
|
(d)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $7,994,497 or 12.2% of the Fund’s net assets.
|
(e)
| Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify U.S. Alternative Harvest ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 20.2%
| | | | | | |
Consumer Discretionary - 0.7%
| | | | | | |
GrowGeneration Corp.(a) | | | 385,937 | | | $822,046 |
Health Care - 18.3%
| | | | | | |
Curaleaf Holdings, Inc.(a) | | | 4,606,299 | | | 14,095,275 |
TerrAscend Corp.(a) | | | 5,402,259 | | | 6,968,914 |
| | | | | | 21,064,189 |
Information Technology - 1.2%
| | | | | | |
WM Technology, Inc.(a) | | | 1,563,675 | | | 1,360,397 |
TOTAL COMMON STOCKS
(Cost $33,795,833) | | | | | | 23,246,632 |
REAL ESTATE INVESTMENT TRUSTS - 4.7%
| | | | | | |
AFC Gamma, Inc. | | | 113,738 | | | 1,161,265 |
Chicago Atlantic Real Estate Finance, Inc. | | | 105,364 | | | 1,634,196 |
Innovative Industrial Properties, Inc. | | | 19,190 | | | 2,582,974 |
TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $4,147,453) | | | | | | 5,378,435 |
SHORT-TERM INVESTMENTS - 75.3%
|
Money Market Funds - 0.1%
| | | | | | |
Invesco Government & Agency Portfolio – Institutional Class, 4.85%(b) | | 112,487 | | | 112,487 |
| | | Par | | | |
U.S. Treasury Bills - 75.2%
| | | | | | |
5.08%, 11/07/2024(c) | | | $1,411,000 | | | 1,404,221 |
5.04%, 11/12/2024(c) | | | 2,174,000 | | | 2,162,142 |
5.09%, 11/14/2024(c) | | | 17,559,000 | | | 17,459,555 |
5.04%, 11/21/2024(c) | | | 33,626,000 | | | 33,405,885 |
4.96%, 11/26/2024(c) | | | 188,000 | | | 186,634 |
4.98%, 11/29/2024(c) | | | 25,155,000 | | | 24,962,635 |
4.79%, 12/10/2024(c) | | | 6,992,000 | | | 6,931,239 |
| | | | | | 86,512,311 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $86,583,890) | | | | | | 86,624,798 |
TOTAL INVESTMENTS - 100.2%
(Cost $124,527,176) | | | | | | $115,249,865 |
Liabilities in Excess of Other
Assets - (0.2)% | | | | | | (278,796) |
TOTAL NET ASSETS - 100.0% | | | | | | $114,971,069 |
| | | | | | | |
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.
(a)
| Non-income producing security. |
(b)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
(c)
| The rate shown is the effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify U.S. Alternative Harvest ETF
Schedule of Total Return Swap Contracts
September 30, 2024
| | | | | | | | | | | | | |
USHRVST | | | National Bank of Canada Financial, Inc. | | | 03/18/2025 | | | $85,265,646 | | | $(340,042) |
| | | | | | | | | | | | | |
The underlying swaps of the basket as of September 30, 2024 are shown below:
| | | | | | | | | | | | | | | | | | | |
Ascend Wellness Holdings,
Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | $2,435,488 | | | 2.86% |
Ayr Wellness, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 3,248,823 | | | 3.81% |
Cannabist Co. Holdings, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 1,933,838 | | | 2.27% |
Cresco Labs, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 10,795,712 | | | 12.66% |
Glass House Brands, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 8,028,288 | | | 9.42% |
Green Thumb Industries, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 15,911,739 | | | 18.66% |
Jushi Holdings | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 1,772,824 | | | 2.08% |
MariMed, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 1,214,173 | | | 1.42% |
Planet 13 Holdings, Inc | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 2,559,358 | | | 3.00% |
Trulieve Cannabis Corp | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 21,361,334 | | | 25.05% |
Verano Holdings Corp | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 15,166,635 | | | 17.79% |
Vireo Growth | | | Long | | | 03/18/2025 | | | SOFR + 1.50% = 6.46% | | | Monthly | | | 837,434 | | | 0.98% |
Total Underlying Positions | | | | | | $85,265,646 | | | 100.00% |
| | | | | | | | | | |
There are no upfront payments or receipts associated with total return swaps in the Fund as of September 30, 2024.
SOFR - Secured Overnight Financing Rate
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Video Game Tech ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 99.5%
| | | | | | |
Communication Services - 72.6%(a)
| | | | | | |
Alphabet, Inc. - Class A | | | 1,812 | | | $300,520 |
Bilibili, Inc. - ADR(b) | | | 68,639 | | | 1,604,780 |
Capcom Co. Ltd. | | | 47,592 | | | 1,107,286 |
CD Projekt SA | | | 23,286 | | | 1,057,075 |
CMGE Technology Group Ltd.(b) | | | 1,397,971 | | | 174,578 |
COLOPL, Inc.(b) | | | 32,101 | | | 119,167 |
Com2uS Corp. | | | 4,601 | | | 147,421 |
CyberAgent, Inc. | | | 28,009 | | | 199,631 |
DeNA Co. Ltd. | | | 17,519 | | | 218,375 |
Devsisters Co. Ltd.(b) | | | 4,515 | | | 134,652 |
Electronic Arts, Inc. | | | 7,230 | | | 1,037,071 |
Embracer Group AB(b) | | | 432,987 | | | 1,127,254 |
Gamania Digital Entertainment Co.
Ltd. | | | 53,925 | | | 132,910 |
Gravity Co. Ltd. - ADR(b) | | | 2,029 | | | 120,279 |
Gree, Inc. | | | 40,031 | | | 130,974 |
GungHo Online Entertainment, Inc. | | | 9,699 | | | 208,911 |
HUYA, Inc. - ADR | | | 31,434 | | | 160,313 |
iDreamSky Technology Holdings, Ltd.(b)(c)(d) | | 477,057 | | | 165,826 |
IGG, Inc. | | | 282,320 | | | 154,108 |
International Games System Co. Ltd. | | | 43,346 | | | 1,350,518 |
JOYY, Inc. - ADR | | | 5,966 | | | 216,208 |
Kakao Games Corp.(b) | | | 47,499 | | | 635,645 |
Koei Tecmo Holdings Co. Ltd. | | | 18,221 | | | 210,757 |
Konami Group Corp. | | | 11,813 | | | 1,201,203 |
Krafton, Inc.(b) | | | 4,342 | | | 1,137,214 |
Meta Platforms, Inc. - Class A | | | 551 | | | 315,415 |
MIXI, Inc. | | | 10,397 | | | 200,613 |
Modern Times Group MTG AB - Class B(b) | | | 16,913 | | | 131,812 |
NCSoft Corp. | | | 7,658 | | | 1,118,512 |
Neowiz | | | 7,788 | | | 127,745 |
NetDragon Websoft Holdings, Ltd. | | | 97,628 | | | 146,552 |
NetEase, Inc. - ADR | | | 3,627 | | | 339,161 |
Netmarble Corp.(b)(c)(d) | | | 24,049 | | | 1,094,223 |
Nexon Co. Ltd. | | | 53,824 | | | 1,064,702 |
Nexon Games Co. Ltd.(b) | | | 10,512 | | | 125,723 |
NHN Corp. | | | 8,819 | | | 115,051 |
Nintendo Co. Ltd. | | | 19,531 | | | 1,042,636 |
Paradox Interactive AB | | | 16,892 | | | 299,625 |
Pearl Abyss Corp.(b) | | | 42,504 | | | 1,254,611 |
Playtika Holding Corp. | | | 142,564 | | | 1,129,107 |
Reddit, Inc. - Class A(b) | | | 3,506 | | | 231,116 |
ROBLOX Corp. - Class A(b) | | | 24,136 | | | 1,068,259 |
Sea, Ltd. - ADR(b) | | | 2,615 | | | 246,542 |
Soft-World International Corp. | | | 32,843 | | | 136,991 |
SOOP Co. Ltd. | | | 1,693 | | | 129,852 |
Square Enix Holdings Co. Ltd. | | | 27,632 | | | 1,100,142 |
Stillfront Group AB(b) | | | 183,132 | | | 117,703 |
Take-Two Interactive Software, Inc.(b) | | | 6,717 | | | 1,032,470 |
| | | | | | | |
| | | | | | | |
Team17 Group PLC(b) | | | 41,105 | | | $148,867 |
Tencent Holdings, Ltd. | | | 5,970 | | | 341,714 |
Ubisoft Entertainment SA(b) | | | 62,282 | | | 702,047 |
Vivendi SE | | | 25,143 | | | 291,271 |
VK IPJSC - GDR(b)(d)(e) | | | 21,975 | | | 0 |
Webzen, Inc. | | | 9,802 | | | 128,400 |
Wemade Co. Ltd.(b) | | | 4,921 | | | 127,945 |
XD, Inc.(b)(d) | | | 436,870 | | | 1,434,205 |
Ziff Davis, Inc.(b) | | | 4,379 | | | 213,082 |
Zx, Inc.(b)(d) | | | 141,500 | | | 204,758 |
| | | | | | 29,213,528 |
Consumer Discretionary - 7.7%
| | | | | | |
Amazon.com, Inc.(b) | | | 1,602 | | | 298,501 |
Bandai Namco Holdings, Inc. | | | 9,070 | | | 207,727 |
DoubleUGames Co. Ltd. | | | 3,375 | | | 129,043 |
GameStop Corp. - Class A(b) | | | 47,118 | | | 1,080,416 |
GOLFZON Co. Ltd. | | | 2,538 | | | 133,722 |
Happinet Corp. | | | 4,585 | | | 132,864 |
Hasbro, Inc. | | | 3,036 | | | 219,563 |
Light & Wonder, Inc. - Class A(b) | | | 1,914 | | | 173,657 |
Mattel, Inc.(b) | | | 11,031 | | | 210,141 |
Sega Sammy Holdings, Inc. | | | 10,742 | | | 214,780 |
Sony Group Corp. | | | 15,000 | | | 291,265 |
| | | | | | 3,091,679 |
Health Care - 0.3%
| | | | | | |
Surgical Science Sweden AB(b) | | | 11,219 | | | 140,450 |
Information Technology - 18.9%
| | | | | | |
Advanced Micro Devices, Inc.(b) | | | 2,044 | | | 335,379 |
Ansys, Inc.(b) | | | 3,406 | | | 1,085,254 |
Apple, Inc. | | | 1,281 | | | 298,473 |
AppLovin Corp. - Class A(b) | | | 2,334 | | | 304,704 |
ARM Holdings PLC - ADR(b) | | | 2,315 | | | 331,068 |
Corsair Gaming, Inc.(b) | | | 20,836 | | | 145,019 |
Dolby Laboratories, Inc. - Class A | | | 2,975 | | | 227,677 |
Intel Corp. | | | 14,688 | | | 344,580 |
Keywords Studios PLC | | | 33,023 | | | 1,079,032 |
Logitech International SA | | | 2,395 | | | 214,529 |
Microsoft Corp. | | | 698 | | | 300,349 |
NVIDIA Corp. | | | 2,658 | | | 322,787 |
PTC, Inc.(b) | | | 1,222 | | | 220,767 |
Qualcomm, Inc. | | | 1,741 | | | 296,057 |
Raspberry PI Holdings PLC(b) | | | 25,407 | | | 131,752 |
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | | | 1,257 | | | 218,303 |
Turtle Beach Corp.(b) | | | 8,708 | | | 133,581 |
Unity Software, Inc.(b) | | | 61,731 | | | 1,396,355 |
Western Digital Corp.(b) | | | 3,288 | | | 224,538 |
| | | | | | 7,610,204 |
TOTAL COMMON STOCKS
(Cost $37,570,786) | | | | | | 40,055,861 |
| | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Video Game Tech ETF
Schedule of Investments
September 30, 2024(Continued)
| | | | | | | |
SHORT-TERM INVESTMENTS - 0.4%
|
Money Market Funds - 0.4%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(f) | | | 159,447 | | | $159,447 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $159,447) | | | | | | 159,447 |
TOTAL INVESTMENTS - 99.9%
(Cost $37,730,233) | | | | | | $40,215,308 |
Other Assets in Excess of
Liabilities - 0.1% | | | | | | 36,439 |
TOTAL NET ASSETS - 100.0% | | | | | | $40,251,747 |
| | | | | | | |
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
AB - Aktiebolag
GDR - Global Depositary Receipt
PLC - Public Limited Company
SA - Sociedad Anónima
(a)
| 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. |
(b)
| Non-income producing security. |
(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 September 30, 2024, the value of these securities total $1,260,049 or 3.1% of the Fund’s net assets. |
(d)
| Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2024, the value of these securities total $2,899,012 or 7.2% of the Fund’s net assets. |
(e)
| 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 September 30, 2024. |
(f)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Weight Loss Drug & Treatment ETF
Schedule of Investments
September 30, 2024
| | | | | | | |
COMMON STOCKS - 98.1%
| | | | | | |
Health Care - 90.3%(a)
| | | | | | |
Altimmune, Inc.(b) | | | 1,274 | | | $7,822 |
Amgen, Inc. | | | 721 | | | 232,313 |
AstraZeneca PLC - ADR | | | 3,126 | | | 243,547 |
Bachem Holding AG | | | 265 | | | 22,367 |
Catalent, Inc.(b) | | | 1,487 | | | 90,068 |
Chugai Pharmaceutical Co. Ltd. | | | 4,600 | | | 222,925 |
Eli Lilly & Co. | | | 792 | | | 701,664 |
Gerresheimer AG | | | 260 | | | 23,214 |
Gubra AS(b) | | | 59 | | | 4,522 |
Hanmi Pharm Co. Ltd. | | | 113 | | | 27,781 |
Hims & Hers Health, Inc.(b) | | | 1,375 | | | 25,328 |
Innovent Biologics, Inc.(b)(c) | | | 27,000 | | | 163,721 |
Merck & Co., Inc. | | | 2,026 | | | 230,073 |
Merck KGaA | | | 1,083 | | | 190,971 |
Novo Nordisk AS - ADR | | | 5,419 | | | 645,240 |
OPKO Health, Inc.(b) | | | 5,881 | | | 8,763 |
Pfizer, Inc. | | | 7,958 | | | 230,305 |
Roche Holding AG | | | 801 | | | 256,951 |
Structure Therapeutics, Inc. - ADR(b) | | | 2,972 | | | 130,441 |
Terns Pharmaceuticals, Inc.(b) | | | 868 | | | 7,239 |
Teva Pharmaceutical Industries Ltd. -
ADR(b) | | | 9,491 | | | 171,028 |
Thermo Fisher Scientific, Inc. | | | 402 | | | 248,665 |
United Laboratories International Holdings Ltd. | | | 8,000 | | | 10,402 |
Viking Therapeutics, Inc.(b) | | | 1,874 | | | 118,643 |
West Pharmaceutical Services, Inc. | | | 604 | | | 181,297 |
Ypsomed Holding AG | | | 30 | | | 14,652 |
Zealand Pharma AS(b) | | | 1,149 | | | 139,851 |
| | | | | | 4,349,793 |
Information Technology - 4.7%
| | | | | | |
FUJIFILM Holdings Corp. | | | 8,700 | | | 224,312 |
Materials - 3.1%
| | | | | | |
Mitsubishi Chemical Group Corp. | | | 23,000 | | | 147,754 |
TOTAL COMMON STOCKS
(Cost $4,599,767) | | | | | | 4,721,859 |
SHORT-TERM INVESTMENTS - 1.4%
|
Money Market Funds - 1.4%
| | | | | | |
Invesco Government & Agency Portfolio - Institutional Class, 4.85%(d) | | | 68,347 | | | 68,347 |
TOTAL SHORT-TERM INVESTMENTS
(Cost $68,347) | | | | | | 68,347 |
TOTAL INVESTMENTS - 99.5%
(Cost $4,668,114) | | | | | | $4,790,206 |
Other Assets in Excess of
Liabilities - 0.5% | | | | | | 24,028 |
TOTAL NET ASSETS - 100.0% | | | | | | $4,814,234 |
| | | | | | | |
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
AG - Aktiengesellschaft
PLC - Public Limited Company
(a)
| 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. |
(b)
| Non-income producing security. |
(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 September 30, 2024, the value of these securities total $163,721 or 3.4% of the Fund’s net assets. |
(d)
| The rate shown represents the 7-day annualized effective yield as of September 30, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at value | | | $107,194,058 | | | $149,655,088 | | | $288,724,814 | | | $37,664,583 | | | $2,734,238 |
Investments in affiliated securities (Note 8), at value | | | — | | | 111,134,470 | | | — | | | — | | | — |
Receivable for investments sold | | | 137,575,654 | | | 71,946 | | | 1,385,661 | | | — | | | — |
Receivable for fund shares sold | | | 36,497,955 | | | — | | | — | | | — | | | — |
Dividends receivable | | | 48,849 | | | 725,897 | | | — | | | — | | | — |
Interest receivable | | | 345 | | | 2,418 | | | 2,331,601 | | | 316,712 | | | 22,731 |
Security lending income receivable | | | 82 | | | 236,549 | | | — | | | — | | | — |
Deposit at broker for other
investments | | | — | | | — | | | 129,661 | | | 38,004 | | | 7,815 |
Foreign currency, at value | | | — | | | 783 | | | — | | | — | | | — |
Total assets | | | 281,316,943 | | | 261,827,151 | | | 292,571,737 | | | 38,019,299 | | | 2,764,784 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable for investments purchased | | | 137,722,176 | | | 165 | | | — | | | — | | | — |
Payable for capital shares
redeemed | | | 36,607,740 | | | — | | | 1,521,540 | | | — | | | — |
Payable upon return of securities loaned (Note 4) | | | 882,591 | | | 32,558,623 | | | — | | | — | | | — |
Payable to adviser (Note 3) | | | 64,105 | | | 6,926 | | | 102,130 | | | 15,360 | | | 1,099 |
Payable to custodian | | | — | | | — | | | 31,996 | | | 17,518 | | | 1,276 |
Total liabilities | | | 175,276,612 | | | 32,565,714 | | | 1,655,666 | | | 32,878 | | | 2,375 |
NET ASSETS | | | $106,040,331 | | | $229,261,437 | | | $290,916,071 | | | $37,986,421 | | | $2,762,409 |
NET ASSETS CONSISTS of:
| | | | | | | | | | | | | | | |
Capital stock ($0.01 per share) | | | $28,250 | | | $692,000 | | | $95,600 | | | $18,500 | | | $1,250 |
Additional paid-in capital | | | 142,055,715 | | | 2,101,698,232 | | | 370,265,180 | | | 47,580,228 | | | 2,953,402 |
Total accumulated losses | | | (36,043,634 ) | | | (1,873,128,795) | | | (79,444,709 ) | | | (9,612,307 ) | | | (192,243 ) |
Total net assets | | | $106,040,331 | | | $229,261,437 | | | $290,916,071 | | | $37,986,421 | | | $2,762,409 |
Net assets | | | $106,040,331 | | | $229,261,437 | | | $290,916,071 | | | $37,986,421 | | | $2,762,409 |
Shares issued and outstanding | | | 2,825,000 | | | 69,200,000 | | | 9,560,000 | | | 1,850,000 | | | 125,000 |
Net asset value per share | | | $37.54 | | | $3.31 | | | $30.43 | | | $20.53 | | | $22.10 |
Cost:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $107,586,239 | | | $156,957,902 | | | $265,971,153 | | | $35,258,073 | | | $2,520,496 |
Investments in affiliated securities (Note 8), at cost | | | $— | | | $135,001,579 | | | $— | | | $— | | | $— |
Foreign currency, at cost | | | $— | | | $760 | | | $— | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments in unaffiliated securities) | | | $265,776 | | | $30,349,126 | | | $— | | | $— | | | $— |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at value | | | $90,162,023 | | | $18,102,187 | | | $2,634 | | | $3,444,997,067 | | | $10,257,134 |
Investments in affiliated securities (Note 8), at value | | | — | | | — | | | 1,525,413 | | | 178,493,022 | | | — |
Dividends receivable | | | 82,743 | | | 9,701 | | | — | | | 893,334 | | | 1,417 |
Security lending income receivable | | | 4,374 | | | — | | | — | | | 1,194 | | | — |
Receivable for investments sold | | | 599 | | | — | | | — | | | 184,805 | | | 5,116 |
Interest receivable | | | 442 | | | 225 | | | 16 | | | 1,009,293 | | | 923 |
Receivable for fund shares sold | | | — | | | — | | | — | | | 14,402,395 | | | — |
Collateral for swaps | | | — | | | — | | | 30,847 | | | — | | | — |
Total assets | | | 90,250,181 | | | 18,112,113 | | | 1,558,910 | | | 3,639,981,110 | | | 10,264,590 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Written option contracts, at value | | | — | | | — | | | — | | | 1,121,900 | | | 26,073 |
Payable upon return of securities loaned (Note 4) | | | 1,539,193 | | | — | | | — | | | 1,476,000 | | | — |
Payable to adviser (Note 3) | | | 52,484 | | | — | | | 814 | | | 1,561,114 | | | 3,300 |
Payable for investments purchased | | | — | | | — | | | — | | | 22,836,419 | | | 80,266 |
Net Unrealized Depreciation on Swaps | | | — | | | — | | | 6,241 | | | — | | | — |
Total liabilities | | | 1,591,677 | | | — | | | 7,055 | | | 26,995,433 | | | 109,639 |
NET ASSETS | | | $88,658,504 | | | $18,112,113 | | | $1,551,855 | | | $3,612,985,677 | | | $10,154,951 |
NET ASSETS CONSISTS of:
| | | | | | | | | | | | | | | |
Capital stock ($0.01 per share) | | | $18,500 | | | $6,100 | | | $600 | | | $878,000 | | | $4,000 |
Additional paid-in capital | | | 147,752,827 | | | 17,775,261 | | | 1,477,032 | | | 3,061,627,947 | | | 9,916,708 |
Total distributable earnings/
(accumulated losses) | | | (59,112,823 ) | | | 330,752 | | | 74,223 | | | 550,479,730 | | | 234,243 |
Total net assets | | | $88,658,504 | | | $18,112,113 | | | $1,551,855 | | | $3,612,985,677 | | | $10,154,951 |
Net assets | | | $88,658,504 | | | $18,112,113 | | | $1,551,855 | | | $3,612,985,677 | | | $10,154,951 |
Shares issued and outstanding | | | 1,850,000 | | | 610,000 | | | 60,000 | | | 87,800,000 | | | 400,000 |
Net asset value per share | | | $47.92 | | | $29.69 | | | $25.86 | | | $41.15 | | | $25.39 |
Cost:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $103,496,835 | | | $17,710,288 | | | $2,635 | | | $2,878,154,029 | | | $9,988,721 |
Investments in affiliated securities (Note 8), at cost | | | $— | | | $— | | | $1,284,043 | | | $178,665,886 | | | $— |
PROCEEDS:
| | | | | | | | | | | | | | | |
Written options premium | | | $— | | | $— | | | $— | | | $2,085,420 | | | $22,504 |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments in unaffiliated securities) | | | $1,465,548 | | | $— | | | $— | | | $1,443,168 | | | $— |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at value | | | $150,172,381 | | | $1,754,714,275 | | | $193,413,422 | | | $27,487,198 | | | $537,311,181 |
Investments in affiliated securities (Note 8), at value | | | 1,383,036 | | | — | | | — | | | — | | | — |
Dividends receivable | | | 422,460 | | | 7,636 | | | 117,510 | | | 29,937 | | | 1,205,309 |
Receivable for investments sold | | | 172,838 | | | — | | | — | | | — | | | — |
Interest receivable | | | 25,570 | | | 17,843 | | | 1,331 | | | 139 | | | 2,420 |
Security lending income
receivable | | | 6,643 | | | 984 | | | 2,573 | | | 279 | | | 52,434 |
Receivable for fund shares sold | | | — | | | — | | | — | | | — | | | 1,230,200 |
Cash | | | — | | | — | | | — | | | — | | | 483,239 |
Total assets | | | 152,182,928 | | | 1,754,740,738 | | | 193,534,836 | | | 27,517,553 | | | 540,284,783 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Written option contracts, at
value | | | 205,555 | | | — | | | — | | | — | | | — |
Payable upon return of securities loaned (Note 4) | | | 12,768,863 | | | 7,494,651 | | | 4,687,171 | | | 1,022,601 | | | 9,857,081 |
Payable to adviser (Note 3) | | | 73,295 | | | 839,349 | | | 68,262 | | | 14,229 | | | 210,445 |
Payable for investments
purchased | | | — | | | — | | | — | | | — | | | 1,224,628 |
Total liabilities | | | 13,047,713 | | | 8,334,000 | | | 4,755,433 | | | 1,036,830 | | | 11,292,154 |
NET ASSETS | | | $139,135,215 | | | $1,746,406,738 | | | $188,779,403 | | | $26,480,723 | | | $528,992,629 |
NET ASSETS CONSISTS of:
| | | | | | | | | | | | | | | |
Capital stock ($0.01 per share) | | | $45,250 | | | $255,500 | | | $31,500 | | | $5,500 | | | $430,000 |
Additional paid-in capital | | | 127,845,451 | | | 1,867,021,699 | | | 206,757,835 | | | 39,868,205 | | | 608,526,520 |
Total distributable earnings/(accumulated losses) | | | 11,244,514 | | | (120,870,461 ) | | | (18,009,932) | | | (13,392,982 ) | | | (79,963,891) |
Total net assets | | | $139,135,215 | | | $1,746,406,738 | | | $188,779,403 | | | $26,480,723 | | | $528,992,629 |
Net assets | | | $139,135,215 | | | $1,746,406,738 | | | $188,779,403 | | | $26,480,723 | | | $528,992,629 |
Shares issued and outstanding | | | 4,525,000 | | | 25,550,000 | | | 3,150,000 | | | 550,000 | | | 43,000,000 |
Net asset value per share | | | $30.75 | | | $68.35 | | | $59.93 | | | $48.15 | | | $12.30 |
Cost:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $135,800,240 | | | $1,510,113,368 | | | $180,505,775 | | | $25,705,463 | | | $519,166,588 |
Investments in affiliated securities (Note 8), at cost | | | $1,383,312 | | | $— | | | $— | | | $— | | | $— |
PROCEEDS:
| | | | | | | | | | | | | | | |
Written options premium | | | $85,439 | | | $— | | | $— | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments in unaffiliated securities) | | | $12,271,581 | | | $7,314,523 | | | $4,424,583 | | | $981,953 | | | $9,589,463 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at value | | | $1,071,540,999 | | | $96,771,372 | | | $300,363,624 | | | $14,843,375 | | | $165,114,993 |
Dividends receivable | | | 42,510 | | | 215,674 | | | 48,549 | | | 58,118 | | | 46,146 |
Security lending income receivable | | | 35,104 | | | 145,781 | | | 4,306 | | | 493 | | | 6,100 |
Interest receivable | | | 7,227 | | | 454 | | | 4,934 | | | 253 | | | 520 |
Foreign currency, at value | | | — | | | 54,976 | | | — | | | — | | | — |
Total assets | | | 1,071,625,840 | | | 97,188,257 | | | 300,421,413 | | | 14,902,239 | | | 165,167,759 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable upon return of securities loaned (Note 4) | | | 27,047,408 | | | 18,584,516 | | | 1,916,003 | | | 601,824 | | | 6,058,557 |
Payable to adviser (Note 3) | | | 557,310 | | | 33,665 | | | 179,357 | | | 6,895 | | | 85,195 |
Payable for transaction fee | | | — | | | 2,343 | | | — | | | — | | | — |
Total liabilities | | | 27,604,718 | | | 18,620,524 | | | 2,095,360 | | | 608,719 | | | 6,143,752 |
NET ASSETS | | | $1,044,021,122 | | | $78,567,733 | | | $298,326,053 | | | $14,293,520 | | | $159,024,007 |
NET ASSETS CONSISTS of:
| | | | | | | | | | | | | | | |
Capital stock ($0.01 per share) | | | $811,500 | | | $80,500 | | | $57,000 | | | $5,000 | | | $26,000 |
Additional paid-in capital | | | 1,254,344,738 | | | 199,102,075 | | | 636,794,964 | | | 14,321,633 | | | 582,737,394 |
Total accumulated losses | | | (211,135,116 ) | | | (120,614,842) | | | (338,525,911 ) | | | (33,113 ) | | | (423,739,387 ) |
Total net assets | | | $1,044,021,122 | | | $78,567,733 | | | $298,326,053 | | | $14,293,520 | | | $159,024,007 |
Net assets | | | $1,044,021,122 | | | $78,567,733 | | | $298,326,053 | | | $14,293,520 | | | $159,024,007 |
Shares issued and outstanding | | | 81,150,000 | | | 8,050,000 | | | 5,700,000 | | | 500,000 | | | 2,600,000 |
Net asset value per share | | | $12.87 | | | $9.76 | | | $52.34 | | | $28.59 | | | $61.16 |
Cost:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $816,939,122 | | | $117,344,187 | | | $341,114,668 | | | $14,405,743 | | | $195,909,473 |
Foreign currency, at cost | | | $— | | | $54,120 | | | $— | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments in unaffiliated securities) | | | $22,913,688 | | | $17,342,562 | | | $874,384 | | | $590,236 | | | $4,601,590 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
ASSETS:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at value | | | $242,405,284 | | | $18,801,817 | | | $2,222,374 | | | $769,903,323 | | | $65,578,169 |
Interest receivable | | | 82,232 | | | 8,805 | | | 15 | | | 67,099 | | | 253 |
Collateral for swaps | | | — | | | 11,490,000 | | | — | | | — | | | — |
Receivable for investments
sold | | | — | | | — | | | — | | | 4,291,554 | | | 78,236 |
Dividends receivable | | | — | | | 47,590 | | | 196 | | | 428,018 | | | 38,496 |
Security lending income receivable | | | — | | | 5,220 | | | 19 | | | 83,808 | | | 1,367 |
Foreign currency, at value | | | — | | | — | | | 3 | | | — | | | — |
Net Unrealized Appreciation on Swaps | | | — | | | 144,732 | | | — | | | — | | | — |
Total assets | | | 242,487,516 | | | 30,498,164 | | | 2,222,607 | | | 774,773,802 | | | 65,696,521 |
LIABILITIES:
| | | | | | | | | | | | | | | |
Payable to adviser (Note 3) | | | 27,750 | | | 12,845 | | | 856 | | | 380,478 | | | 38,193 |
Payable for investments purchased | | | — | | | — | | | — | | | 4,414 | | | 435 |
Payable upon return of securities loaned (Note 4) | | | — | | | 2,458,138 | | | 6,390 | | | 88,991,633 | | | — |
Payable to custodian foreign currency, at value | | | — | | | — | | | — | | | — | | | 3 |
Payable to custodian | | | — | | | — | | | — | | | — | | | 104,840 |
Payable for expense and other liabilities | | | — | | | 49,220 | | | — | | | — | | | — |
Total liabilities | | | 27,750 | | | 2,520,203 | | | 7,246 | | | 89,376,525 | | | 143,471 |
NET ASSETS | | | $242,459,766 | | | $27,977,961 | | | $2,215,361 | | | $685,397,277 | | | $65,553,050 |
NET ASSETS CONSISTS of:
| | | | | | | | | | | | | | | |
Capital stock ($0.01 per share) | | | $24,200 | | | $62,500 | | | $1,000 | | | $182,500 | | | $32,000 |
Additional paid-in capital | | | 242,435,566 | | | 130,389,877 | | | 5,476,937 | | | 1,212,671,346 | | | 216,142,071 |
Total accumulated losses | | | 0 | | | (102,474,416 ) | | | (3,262,576 ) | | | (527,456,569 ) | | | (150,621,021) |
Total net assets | | | $242,459,766 | | | $27,977,961 | | | $2,215,361 | | | $685,397,277 | | | $65,553,050 |
Net assets | | | $242,459,766 | | | $27,977,961 | | | $2,215,361 | | | $685,397,277 | | | $65,553,050 |
Shares issued and outstanding | | | 2,420,000 | | | 6,250,000 | | | 100,000 | | | 18,250,000 | | | 3,200,000 |
Net asset value per share | | | $100.19 | | | $4.48 | | | $22.15 | | | $37.56 | | | $20.49 |
Cost:
| | | | | | | | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $242,405,284 | | | $75,640,749 | | | $2,131,529 | | | $821,811,642 | | | $80,093,941 |
Foreign currency, at cost | | | $— | | | $— | | | $3 | | | $— | | | $— |
LOANED SECURITIES:
| | | | | | | | | | | | | | | |
at value (included in investments in unaffiliated securities) | | | $— | | | $2,101,883 | | | $6,015 | | | $81,517,293 | | | $— |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Assets and Liabilities
September 30, 2024(Continued)
| | | | | | | | | | |
ASSETS:
| | | | | | | | | |
Investments in unaffiliated securities, at value | | | $115,249,865 | | | $40,215,308 | | | $4,790,206 |
Dividends receivable | | | 123,516 | | | 58,762 | | | 5,800 |
Interest receivable | | | 6,681 | | | 909 | | | 191 |
Receivable for investments sold | | | — | | | — | | | 23,149 |
Security lending income receivable | | | — | | | 27 | | | 26 |
Total assets | | | 115,380,062 | | | 40,275,006 | | | 4,819,372 |
LIABILITIES:
| | | | | | | | | |
Net Unrealized Depreciation on Swap | | | 340,042 | | | — | | | — |
Payable to adviser (Note 3) | | | 68,951 | | | 23,259 | | | 2,081 |
Payable for investments purchased | | | — | | | — | | | 3,057 |
Total liabilities | | | 408,993 | | | 23,259 | | | 5,138 |
NET ASSETS | | | $114,971,069 | | | $40,251,747 | | | $4,814,234 |
NET ASSETS CONSISTS of:
| | | | | | | | | |
Capital stock ($0.01 per share) | | | $758,900 | | | $6,000 | | | $1,800 |
Additional paid-in capital | | | 144,999,406 | | | 89,115,136 | | | 4,679,036 |
Total distributable earnings/(accumulated losses) | | | (30,787,237) | | | (48,869,389 ) | | | 133,398 |
Total net assets | | | $114,971,069 | | | $40,251,747 | | | $4,814,234 |
Net assets | | | $114,971,069 | | | $40,251,747 | | | $4,814,234 |
Shares issued and outstanding | | | 75,890,000 | | | 600,000 | | | 180,000 |
Net asset value per share | | | $1.51 | | | $67.09 | | | $26.75 |
Cost:
| | | | | | | | | |
Investments in unaffiliated securities, at cost | | | $124,527,176 | | | $37,730,233 | | | $4,668,114 |
| | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income from unaffiliated securities | | | $1,522,480 | | | $5,063,484 | | | $— | | | $— | | | $— | | | $— | | | $— | | | $— |
Dividend income from affiliated securities
(Note 8) | | | — | | | 4,555,688 | | | — | | | — | | | — | | | — | | | — | | | — |
Less: Dividend withholding taxes | | | (46) | | | (14,656) | | | — | | | — | | | — | | | — | | | — | | | — |
Less: Issuance fees | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
Interest income | | | 7,320 | | | 130,603 | | | 5,528,657 | | | 8,003,568 | | | 1,214,182 | | | 1,270,609 | | | 76,934 | | | 77,987 |
Securities lending income | | | 39,550 | | | 8,663,288 | | | — | | | — | | | — | | | — | | | — | | | — |
Total investment income | | | 1,569,304 | | | 18,398,407 | | | 5,528,657 | | | 8,003,568 | | | 1,214,182 | | | 1,270,609 | | | 76,934 | | | 77,987 |
EXPENSES:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investment advisory fee (Note 3) | | | 796,876 | | | 1,796,779 | | | 821,274 | | | 1,148,793 | | | 172,823 | | | 182,293 | | | 11,452 | | | 11,192 |
Total expenses | | | 796,876 | | | 1,796,779 | | | 821,274 | | | 1,148,793 | | | 172,823 | | | 182,293 | | | 11,452 | | | 11,192 |
Expense reimbursement by Adviser (Note 3) | | | — | | | (858,234) | | | — | | | — | | | — | | | — | | | — | | | — |
Net expenses | | | 796,876 | | | 938,545 | | | 821,274 | | | 1,148,793 | | | 172,823 | | | 182,293 | | | 11,452 | | | 11,192 |
Net investment income | | | 772,428 | | | 17,459,862 | | | 4,707,383 | | | 6,854,775 | | | 1,041,359 | | | 1,088,316 | | | 65,482 | | | 66,795 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities* | | | 24,706,333 | | | (163,238,477) | | | 12,850,018 | | | (40,187,128) | | | 738,866 | | | (3,891,829) | | | 297,468 | | | (131,904) |
Investments in affiliated securities (Note 8) | | | — | | | (14,262,674) | | | — | | | — | | | — | | | — | | | — | | | — |
Foreign currency translation | | | — | | | (31,134) | | | — | | | — | | | — | | | — | | | — | | | — |
Net realized gain/(loss) | | | 24,706,333 | | | (177,532,285) | | | 12,850,018 | | | (40,187,128) | | | 738,866 | | | (3,891,829) | | | 297,468 | | | (131,904) |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | 477,345 | | | 170,376,909 | | | 39,713,353 | | | 30,752,637 | | | 6,629,723 | | | 2,140,436 | | | 307,448 | | | 182,747 |
Investments in affiliated securities (Note 8) | | | — | | | (12,161,369) | | | — | | | — | | | — | | | — | | | — | | | — |
Foreign currency translation | | | — | | | 2,049 | | | — | | | — | | | — | | | — | | | — | | | — |
Net change in unrealized appreciation/depreciation | | | 477,345 | | | 158,217,589 | | | 39,713,353 | | | 30,752,637 | | | 6,629,723 | | | 2,140,436 | | | 307,448 | | | 182,747 |
Net realized and unrealized gain/(loss) | | | 25,183,678 | | | (19,314,696) | | | 52,563,371 | | | (9,434,491) | | | 7,368,589 | | | (1,751,393) | | | 604,916 | | | 50,843 |
NET INCREASE/(DECREASE) IN
NET ASSETS RESULTING FROM OPERATIONS | | | $25,956,106 | | | $(1,854,834) | | | $57,270,754 | | | $(2,579,716) | | | $8,409,948 | | | $(663,077) | | | $670,398 | | | $117,638 |
| | | | | | | | | | | | | | | | | | | | | | | | | |
*
| Includes $4,458,377 in proceeds received from the settlement of class action litigation. See Note 11 in Notes to Financial Statements. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income from unaffiliated securities | | | $452,928 | | | $256,338 | | | $6,900 | | | $— | | | $— | | | $59,386,796 | | | $61,679,265 | | | $6,724 |
Dividend income from affiliated securities
(Note 8) | | | — | | | — | | | — | | | 57,347 | | | 4,103 | | | 4,501,703 | | | — | | | — |
Less: Dividend withholding taxes | | | (60,797) | | | — | | | — | | | — | | | — | | | (67,883) | | | — | | | — |
Less: Issuance fees | | | (7,191) | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
Interest income | | | 9,093 | | | 4,456 | | | 110 | | | 4,506 | | | 1,469 | | | 12,203,788 | | | 13,295,923 | | | 1,177 |
Securities lending income (Note 4) | | | 130,709 | | | — | | | — | | | — | | | — | | | 7,400 | | | 128,371 | | | — |
Total investment income | | | 524,742 | | | 260,794 | | | 7,010 | | | 61,853 | | | 5,572 | | | 76,031,804 | | | 75,103,559 | | | 7,901 |
EXPENSES:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investment advisory fee (Note 3) | | | 629,051 | | | 44,189 | | | 1,875 | | | 17,110 | | | 2,029 | | | 15,876,904 | | | 15,042,005 | | | 3,727 |
Total expenses | | | 629,051 | | | 44,189 | | | 1,875 | | | 17,110 | | | 2,029 | | | 15,876,904 | | | 15,042,005 | | | 3,727 |
Expense reimbursement by Adviser (Note 3) | | | — | | | (44,189) | | | (1,875) | | | — | | | — | | | (166,448) | | | — | | | — |
Net expenses | | | 629,051 | | | — | | | — | | | 17,110 | | | 2,029 | | | 15,710,456 | | | 15,042,005 | | | 3,727 |
Net investment income/(loss) | | | (104,309) | | | 260,794 | | | 7,010 | | | 44,743 | | | 3,543 | | | 60,321,348 | | | 60,061,554 | | | 4,174 |
REALIZED AND UNREALIZED GAIN
| | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | (9,501,938) | | | 1,478,469 | | | (5,729) | | | — | | | — | | | 101,406,306 | | | (41,520,338) | | | (30,288) |
Investments in affiliated securities (Note 8) | | | — | | | — | | | — | | | 237,652 | | | — | | | 4,479 | | | — | | | — |
Written option contracts | | | — | | | — | | | — | | | — | | | — | | | 26,694,348 | | | 37,329,803 | | | 23,216 |
Swap contracts | | | — | | | — | | | — | | | (179,244) | | | 5,228 | | | — | | | — | | | — |
Foreign currency translation | | | (748) | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
Net realized gain/(loss) | | | (9,502,686) | | | 1,478,469 | | | (5,729) | | | 58,408 | | | 5,228 | | | 128,105,133 | | | (4,190,535) | | | (7,072) |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | 22,034,690 | | | 653,921 | | | (262,022) | | | — | | | — | | | 530,919,091 | | | (33,385,163) | | | 268,413 |
Investments in affiliated securities (Note 8) | | | — | | | — | | | — | | | 402,502 | | | (161,133) | | | (172,863) | | | — | | | — |
Written option contracts | | | — | | | — | | | — | | | — | | | — | | | (2,015,294) | | | 2,947,341 | | | (3,569) |
Swap contracts | | | — | | | — | | | — | | | (18,213) | | | 11,971 | | | — | | | — | | | — |
Foreign currency translation | | | 66 | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
Net change in unrealized appreciation/depreciation | | | 22,034,756 | | | 653,921 | | | (262,022) | | | 384,289 | | | (149,162) | | | 528,730,934 | | | (30,437,822) | | | 264,844 |
Net realized and unrealized gain/(loss) | | | 12,532,070 | | | 2,132,390 | | | (267,751) | | | 442,697 | | | (143,934) | | | 656,836,067 | | | (34,628,357) | | | 257,772 |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $12,427,761 | | | $2,393,184 | | | $(260,741) | | | $487,440 | | | $(140,391) | | | $717,157,415 | | | $25,433,197 | | | $261,946 |
| | | | | | | | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was August 21, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations(Continued)
| | | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | | | | | | | | |
Dividend income from unaffiliated securities | | | $3,310,821 | | | $1,010,872 | | | $13,464,186 | | | $2,566,279 | | | $174,775 | | | $36,191,874 | | | $34,691,208 | |
Less: Dividend withholding taxes | | | (197,361) | | | (71,911) | | | (85,585) | | | — | | | (13,994) | | | — | | | — | |
Less: Issuance fees | | | (74,923) | | | (20,196) | | | — | | | — | | | (4,160) | | | — | | | — | |
Interest income | | | 257,717 | | | 70,404 | | | 265,422 | | | 25,689 | | | 5,047 | | | 77,331 | | | 81,676 | |
Securities lending income (Note 4) | | | 49,974 | | | 8,310 | | | 53,902 | | | 255,855 | | | 21,468 | | | 344,913 | | | 438,765 | |
Total investment income | | | 3,346,228 | | | 997,479 | | | 13,697,925 | | | 2,847,823 | | | 183,136 | | | 36,614,118 | | | 35,211,649 | |
EXPENSES:
| | | | | | | | | | | | | | | | | | | | | | |
Investment advisory fee (Note 3) | | | 612,341 | | | 146,315 | | | 10,072,319 | | | 802,599 | | | 177,920 | | | 2,027,663 | | | 1,748,846 | |
Total expenses | | | 612,341 | | | 146,315 | | | 10,072,319 | | | 802,599 | | | 177,920 | | | 2,027,663 | | | 1,748,846 | |
Net investment income | | | 2,733,887 | | | 851,164 | | | 3,625,606 | | | 2,045,224 | | | 5,216 | | | 34,586,455 | | | 33,462,803 | |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | (1,465,714) | | | (1,265,352) | | | 169,945,473 | | | 14,651,351 | | | 2,843,432 | | | (25,848,175) | | | (25,086,211) | |
Written option contracts | | | 1,101,415 | | | 258,327 | | | — | | | — | | | — | | | — | | | — | |
Capital Gain Distributions from Investment Companies | | | — | | | — | | | — | | | — | | | — | | | 2,088,607 | | | 836,289 | |
Payment from Affiliate | | | — | | | 14,367 | | | — | | | — | | | — | | | — | | | — | |
Foreign currency translation | | | — | | | — | | | 113,350 | | | — | | | (12,590) | | | — | | | — | |
Net realized gain/(loss) | | | (364,299) | | | (992,658) | | | 170,058,823 | | | 14,651,351 | | | 2,830,842 | | | (23,759,568) | | | (24,249,922) | |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | 14,720,896 | | | (309,599) | | | 277,525,383 | | | 17,614,033 | | | 4,638,830 | | | 98,029,689 | | | (768,803) | |
Investments in affiliated securities (Note 8) | | | (276) | | | — | | | — | | | — | | | — | | | — | | | — | |
Written option contracts | | | (186,647) | | | 66,890 | | | — | | | — | | | — | | | — | | | — | |
Foreign currency translation | | | 148 | | | — | | | 473 | | | — | | | 1,055 | | | — | | | — | |
Net change in unrealized appreciation/depreciation | | | 14,534,121 | | | (242,709) | | | 277,525,856 | | | 17,614,033 | | | 4,639,885 | | | 98,029,689 | | | (768,803) | |
Net realized and unrealized gain/(loss) | | | 14,169,822 | | | (1,235,367) | | | 447,584,679 | | | 32,265,384 | | | 7,470,727 | | | 74,270,121 | | | (25,018,725) | |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $16,903,709 | | | $(384,203) | | | $451,210,285 | | | $34,310,608 | | | $7,475,943 | | | $108,856,576 | | | $8,444,078 | |
| | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations(Continued)
| | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income from unaffiliated securities | | | $4,780,081 | | | $1,285,544 | | | $2,831,484 | | | $2,184,001 | | | $580,034 | | | $416,351 | | | $944,125 | | | $698,470 |
Less: Dividend withholding taxes | | | (639,710) | | | (75,905) | | | (190,934) | | | (49,874) | | | (36,870) | | | (19,621) | | | (20,603) | | | (10,195) |
Less: Issuance fees | | | (5,266) | | | (8,018) | | | (23,753) | | | — | | | (5,181) | | | (2,212) | | | (9,507) | | | (21,233) |
Interest income | | | 228,902 | | | 12,916 | | | 10,144 | | | 91,701 | | | 2,262 | | | 787 | | | 5,759 | | | 24,470 |
Securities lending income (Note 4) | | | 346,686 | | | 1,399,622 | | | 1,295,388 | | | 66,943 | | | 9,107 | | | 4,675 | | | 104,640 | | | 331,338 |
Total investment income | | | 4,710,693 | | | 2,614,159 | | | 3,922,329 | | | 2,292,771 | | | 549,352 | | | 399,980 | | | 1,024,414 | | | 1,022,850 |
EXPENSES:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investment advisory fee (Note 3) | | | 5,387,542 | | | 482,998 | | | 899,622 | | | 2,415,700 | | | 65,578 | | | 34,059 | | | 1,036,858 | | | 1,279,599 |
Total expenses | | | 5,387,542 | | | 482,998 | | | 899,622 | | | 2,415,700 | | | 65,578 | | | 34,059 | | | 1,036,858 | | | 1,279,599 |
Net investment income/(loss) | | | (676,849) | | | 2,131,161 | | | 3,022,707 | | | (122,929) | | | 483,774 | | | 365,921 | | | (12,444) | | | (256,749) |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | (65,972,080) | | | (40,017,629) | | | (27,019,787) | | | (20,936,668) | | | 629,394 | | | 115,906 | | | (5,919,114) | | | (174,244,737) |
Capital Gain Distributions from Investment Companies | | | — | | | — | | | 14 | | | — | | | — | | | — | | | — | | | — |
Foreign currency translation | | | (397,899) | | | (60,066) | | | (179,991) | | | (138,016) | | | — | | | (3) | | | (20,503) | | | (196,836) |
Net realized gain/(loss) | | | (66,369,979) | | | (40,077,695) | | | (27,199,764) | | | (21,074,684) | | | 629,394 | | | 115,903 | | | (5,939,617) | | | (174,441,573) |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | 390,388,908 | | | 39,609,028 | | | (871,895) | | | 116,279,507 | | | 454,586 | | | 222 | | | 73,833,903 | | | 182,283,420 |
Foreign currency translation | | | — | | | 8,340 | | | 4,303 | | | 3,970 | | | (13) | | | (2) | | | 872 | | | 1,433 |
Net change in unrealized appreciation/depreciation | | | 390,388,908 | | | 39,617,368 | | | (867,592) | | | 116,283,477 | | | 454,573 | | | 220 | | | 73,834,775 | | | 182,284,853 |
Net realized and unrealized gain/(loss) | | | 324,018,929 | | | (460,327) | | | (28,067,356) | | | 95,208,793 | | | 1,083,967 | | | 116,123 | | | 67,895,158 | | | 7,843,280 |
NET INCREASE/(DECREASE) IN
NET ASSETS RESULTING FROM OPERATIONS | | | $323,342,080 | | | $1,670,834 | | | $(25,044,649) | | | $95,085,864 | | | $1,567,741 | | | $482,044 | | | $67,882,714 | | | $7,586,531 |
| | | | | | | | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations(Continued)
| | | | | | | | | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income in unaffiliated securities | | | $— | | | $296,479 | | | $282,211 | | | $$11,024 | | | $19,749 | | | $6,650,337 | | | $4,589,983 | | | $872,009 | |
Less: Dividend withholding taxes | | | — | | | — | | | — | | | (1,130) | | | (1,183) | | | (196,167) | | | (176,061) | | | (26,883) | |
Less: Issuance fees | | | — | | | — | | | — | | | — | | | — | | | (82,473) | | | (65,855) | | | (1,083) | |
Interest income | | | 7,259,038 | | | 84,705 | | | 190,866 | | | 13 | | | 170 | | | 3,713,542 | | | 137,514 | | | 19,199 | |
Securities lending income (Note 4) | | | — | | | 199,089 | | | 131,236 | | | $1,526 | | | 1,870 | | | 3,200,292 | | | 7,410,444 | | | 63,638 | |
Total investment income | | | 7,259,038 | | | 580,273 | | | 604,313 | | | 11,433 | | | 20,606 | | | 13,285,531 | | | 11,896,025 | | | 926,880 | |
EXPENSES:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Investment advisory fee (Note 3) | | | 265,843 | | | 181,727 | | | 195,223 | | | 11,807 | | | 19,232 | | | 4,756,406 | | | 3,151,667 | | | 653,021 | |
Fund administration and accounting fees | | | — | | | 48,537 | | | 62,660 | | | — | | | — | | | — | | | — | | | — | |
Compliance fees (Note 3) | | | — | | | 11,862 | | | 13,325 | | | — | | | — | | | — | | | — | | | — | |
Custodian fees | | | — | | | 5,183 | | | 9,349 | | | — | | | — | | | — | | | — | | | — | |
Legal fees | | | — | | | 17,530 | | | 21,712 | | | — | | | — | | | — | | | — | | | — | |
Audit fees | | | — | | | 18,054 | | | 21,308 | | | — | | | — | | | — | | | — | | | — | |
Reports to shareholders | | | — | | | 32,793 | | | 35,411 | | | — | | | — | | | — | | | — | | | — | |
Trustees’ fees | | | — | | | 11,879 | | | 15,445 | | | — | | | — | | | — | | | — | | | — | |
Principal Financial Officer fees (Note 3) | | | — | | | 13,662 | | | 15,003 | | | — | | | — | | | — | | | — | | | — | |
Shareholder service costs | | | — | | | 11,065 | | | 14,551 | | | — | | | — | | | — | | | — | | | — | |
Other expenses and fees | | | — | | | 20,286 | | | 24,103 | | | — | | | — | | | — | | | — | | | — | |
Total expenses | | | 265,843 | | | 372,578 | | | 428,090 | | | 11,807 | | | 19,232 | | | 4,756,406 | | | 3,151,667 | | | 653,021 | |
Expense reimbursement by Adviser (Note 3) | | | — | | | (162,893) | | | (202,832) | | | — | | | — | | | — | | | — | | | — | |
Net expenses | | | 265,843 | | | 209,685 | | | 225,258 | | | 11,807 | | | 19,232 | | | 4,756,406 | | | 3,151,667 | | | 653,021 | |
Net investment income/(loss) | | | 6,993,195 | | | 370,588 | | | 379,055 | | | (374) | | | 1,374 | | | 8,529,125 | | | 8,744,358 | | | 273,859 | |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | — | | | (15,808,084) | | | (10,233,790) | | | (725,492) | | | (1,494,625) | | | 147,892,032 | | | (190,192,655) | | | (8,804,851) | |
Capital Gain Distributions from Investment Companies | | | — | | | — | | | — | | | — | | | — | | | — | | | 78 | | | — | |
Swap contracts | | | — | | | 2,229,763 | | | (4,856,502) | | | — | | | — | | | — | | | — | | | — | |
Other investments | | | — | | | — | | | — | | | — | | | — | | | 2,369 | | | — | | | — | |
Payment from Affiliate | | | — | | | — | | | (1,433) | | | — | | | — | | | — | | | — | | | — | |
Foreign currency translation | | | — | | | (2,369) | | | — | | | (457) | | | (595) | | | (2,702) | | | (59,524) | | | (50,851) | |
Net realized gain/(loss) | | | — | | | (13,580,690) | | | (15,091,725) | | | (725,949) | | | (1,495,220) | | | 147,891,699 | | | (190,252,101) | | | (8,855,702) | |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in unaffiliated securities | | | — | | | 15,338,591 | | | (1,221,829) | | | 1,536,619 | | | 1,556,426 | | | 268,311,718 | | | 225,262,331 | | | 26,075,170 | |
Swap contracts | | | — | | | 2,990,204 | | | (4,282,933) | | | — | | | — | | | — | | | — | | | — | |
Foreign currency translation | | | — | | | — | | | — | | | (12) | | | 59 | | | 14,235 | | | 25,748 | | | 1,025 | |
Securities Sold Short | | | — | | | — | | | — | | | — | | | — | | | — | | | 5,079 | | | — | |
Net change in unrealized appreciation/depreciation | | | — | | | 18,328,795 | | | (5,504,762) | | | 1,536,607 | | | 1,556,485 | | | 268,325,953 | | | 225,293,158 | | | 26,076,195 | |
Net realized and unrealized gain/(loss) | | | — | | | 4,748,105 | | | (20,596,487) | | | 810,658 | | | 61,265 | | | 416,217,652 | | | 35,041,057 | | | 17,220,493 | |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $6,993,195 | | | $5,118,693 | | | (20,217,432) | | | $810,284 | | | $62,639 | | | $424,746,777 | | | 43,785,415 | | | $17,494,352 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was November 14, 2023. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Operations(Continued)
| | | | | | | | | | |
INVESTMENT INCOME:
| | | | | | | | | |
Dividend income in unaffiliated securities | | | $679,210 | | | $369,025 | | | $16,477 |
Less: Dividend withholding taxes | | | — | | | (41,597) | | | (984) |
Less: Issuance fees | | | — | | | (4,031) | | | (83) |
Interest income | | | 5,105,312 | | | 8,872 | | | 628 |
Securities lending income (Note 4) | | | 5,970 | | | 18,420 | | | 114 |
Total investment income | | | 5,790,492 | | | 350,689 | | | 16,152 |
EXPENSES:
| | | | | | | | | |
Investment advisory fee (Note 3) | | | 900,029 | | | 306,613 | | | 6,722 |
Interest expense | | | 126,208 | | | — | | | — |
Total expenses | | | 1,026,237 | | | 306,613 | | | 6,722 |
Net investment income | | | 4,764,255 | | | 44,076 | | | 9,430 |
REALIZED AND UNREALIZED GAIN/(LOSS)
| | | | | | | | | |
Net realized gain/(loss) from:
| | | | | | | | | |
Investments in unaffiliated securities | | | (12,825,387) | | | (4,553,262) | | | 2,864 |
Swap contracts | | | (11,592,468) | | | — | | | — |
Foreign currency translation | | | 14 | | | (25,891) | | | (979) |
Net realized gain/(loss)
| | | (24,417,841) | | | (4,579,153) | | | 1,885 |
Net change in unrealized appreciation/depreciation on:
| | | | | | | | | |
Investments in unaffiliated securities | | | 195,471 | | | 13,658,876 | | | 122,091 |
Swap contracts | | | (340,191) | | | — | | | — |
Foreign currency translation | | | — | | | 1,226 | | | (8) |
Net change in unrealized appreciation/depreciation | | | (144,720) | | | 13,660,102 | | | 122,083 |
Net realized and unrealized gain/(loss) | | | (24,562,561) | | | 9,080,949 | | | 123,968 |
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | | | $(19,798,306) | | | $ 9,125,025 | | | $ 133,398 |
| | | | | | | | | | |
(a)
| Inception date of the Fund was May 20, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $772,428 | | | $1,256,378 | | | $17,459,862 | | | $8,118,418 |
Net realized gain/(loss) | | | 24,706,333 | | | (10,338,720 ) | | | (177,532,285) | | | (478,360,334 ) |
Net change in unrealized appreciation/
depreciation | | | 477,345 | | | 11,416,406 | | | 158,217,589 | | | 411,153,991 |
Net increase/(decrease) in net assets from operations | | | 25,956,106 | | | 2,334,064 | | | (1,854,834 ) | | | (59,087,925 ) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (761,524 ) | | | (1,342,664 ) | | | (20,532,956) | | | (8,926,095 ) |
Return of capital | | | — | | | — | | | (2,852,668) | | | — |
Total distributions to shareholders | | | (761,524 ) | | | (1,342,664 ) | | | (23,385,624 ) | | | (8,926,095 ) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 39,587,767 | | | 25,157,710 | | | 5,106,770 | | | 13,603,540 |
Redemptions | | | (60,691,835 ) | | | (23,259,583 ) | | | (10,219,650 ) | | | (10,704,480 ) |
Net increase (decrease) in net assets from capital transactions | | | (21,104,068 ) | | | 1,898,127 | | | (5,112,880 ) | | | 2,899,060 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 4,090,514 | | | 2,889,527 | | | (30,353,338 ) | | | (65,114,960 ) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the year | | | 101,949,817 | | | 99,060,290 | | | 259,614,775 | | | 324,729,735 |
End of the year | | | $ 106,040,331 | | | $101,949,817 | | | $229,261,437 | | | $259,614,775 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 1,075,000 | | | 775,000 | | | 1,300,000 | | | 3,400,000 |
Redemptions | | | (1,675,000 ) | | | (775,000 ) | | | (3,500,000 ) | | | (2,250,000 ) |
Total increase/(decrease) in shares outstanding | | | (600,000 ) | | | — | | | (2,200,000 ) | | | 1,150,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income | | | $4,707,383 | | | $6,854,775 | | | $6,402,663 | | | $1,041,359 | | | $1,088,316 | | | $594,092 |
Net realized gain/(loss) | | | 12,850,018 | | | (40,187,128) | | | (55,800,715) | | | 738,866 | | | (3,891,829) | | | (8,354,905) |
Net change in unrealized appreciation/
depreciation | | | 39,713,353 | | | 30,752,637 | | | (120,239,328) | | | 6,629,723 | | | 2,140,436 | | | (6,900,721) |
Net increase/(decrease) in net assets from operations | | | 57,270,754 | | | (2,579,716) | | | (169,637,380) | | | 8,409,948 | | | (663,077) | | | (14,661,534) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | | | | | | | |
Distributions to shareholders | | | (5,212,897) | | | (6,977,010) | | | (49,750,465) | | | (1,144,842) | | | (1,056,161) | | | (704,129) |
Total distributions to shareholders | | | (5,212,897) | | | (6,977,010) | | | (49,750,465) | | | (1,144,842) | | | (1,056,161) | | | (704,129) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | 108,154,538 | | | 18,978,247 | | | 378,151,950 | | | — | | | 10,617,990 | | | 21,448,860 |
Redemptions | | | (50,979,025) | | | (102,136,336) | | | (795,833,189) | | | (6,708,515) | | | (2,816,528) | | | (18,089,013) |
Net increase (decrease) in net assets from capital transactions | | | 57,175,513 | | | (83,158,089) | | | (417,681,239) | | | (6,708,515) | | | 7,801,462 | | | 3,359,847 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 109,233,370 | | | (92,714,815) | | | (637,069,084) | | | 556,591 | | | 6,082,224 | | | (12,005,816) |
NET ASSETS:
| | | | | | | | | | | | | | | | | | |
Beginning of the period/year | | | 181,682,701 | | | 274,397,516 | | | 911,466,600 | | | 37,429,830 | | | 31,347,606 | | | 43,353,422 |
End of the period/year | | | $290,916,071 | | | $181,682,701 | | | $274,397,516 | | | $37,986,421 | | | $37,429,830 | | | $31,347,606 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | 3,670,000 | | | 780,000 | | | 10,650,000 | | | — | | | 575,000 | | | 900,000 |
Redemptions | | | (1,950,000) | | | (4,080,000) | | | (25,030,000) | | | (350,000) | | | (150,000) | | | (825,000) |
Total increase/(decrease) in shares outstanding | | | 1,720,000 | | | (3,300,000) | | | (14,380,000) | | | (350,000) | | | 425,000 | | | 75,000 |
| | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income/(loss) | | | $65,482 | | | $66,795 | | | $35,739 | | | $(104,309) | | | $4,690 |
Net realized gain/(loss) | | | 297,468 | | | (131,904) | | | (623,437) | | | (9,502,686) | | | (7,538,396) |
Net change in unrealized appreciation/
depreciation | | | 307,448 | | | 182,747 | | | (276,453) | | | 22,034,756 | | | 2,306,574 |
Net increase/(decrease) in net assets from operations | | | 670,398 | | | 117,638 | | | (864,151) | | | 12,427,761 | | | (5,227,132) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (70,933) | | | (68,651) | | | (28,429) | | | — | | | — |
Total distributions to shareholders | | | (70,933) | | | (68,651) | | | (28,429) | | | — | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | 4,293,098 | | | 13,548,145 | | | 2,257,030 |
Redemptions | | | — | | | (853,823) | | | (432,738) | | | (26,006,920) | | | (24,783,240) |
Net decrease in net assets from capital transactions | | | — | | | (853,823) | | | 3,860,360 | | | (12,458,775) | | | (22,526,210) |
NET INCREASE (DECREASE) IN NET ASSETS | | | 599,465 | | | (804,836) | | | 2,967,780 | | | (31,014) | | | (27,753,342) |
NET ASSETS:
| | | | | | | | | | | | | | | |
Beginning of the period/year | | | 2,162,944 | | | 2,967,780 | | | — | | | 88,689,518 | | | 116,442,860 |
End of the period/year | | | $2,762,409 | | | $2,162,944 | | | $2,967,780 | | | $88,658,504 | | | $88,689,518 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | 200,000 | | | 300,000 | | | 50,000 |
Redemptions | | | — | | | (50,000) | | | (25,000) | | | (600,000) | | | (550,000) |
Total decrease in shares outstanding | | | — | | | (50,000) | | | 175,000 | | | (300,000) | | | (500,000) |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was December 8, 2021. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $260,794 | | | $7,010 | | | $44,743 | | | $3,543 |
Net realized gain/(loss) | | | 1,478,469 | | | (5,729) | | | 58,408 | | | 5,228 |
Net change in unrealized appreciation/depreciation | | | 653,921 | | | (262,022) | | | 384,289 | | | (149,162) |
Net increase/(decrease) in net assets from operations | | | 2,393,184 | | | (260,741) | | | 487,440 | | | (140,391) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (260,749) | | | (6,480) | | | (28,309) | | | (20,026) |
Return of capital | | | — | | | — | | | (179,023) | | | — |
Total distributions to shareholders | | | (260,749) | | | (6,480) | | | (207,332) | | | (20,026) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 19,955,711 | | | 5,403,868 | | | — | | | 2,975,706 |
Redemptions | | | (9,112,680) | | | — | | | (1,543,542) | | | — |
Net increase (decrease) in net assets from capital transactions | | | 10,843,031 | | | 5,403,868 | | | (1,543,542) | | | 2,975,706 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 12,975,466 | | | 5,136,647 | | | (1,263,434) | | | 2,815,289 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period | | | 5,136,647 | | | — | | | 2,815,289 | | | — |
End of the period | | | $18,112,113 | | | $5,136,647 | | | $1,551,855 | | | $2,815,289 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 710,000 | | | 220,000 | | | — | | | 120,000 |
Redemptions | | | (320,000) | | | — | | | (60,000) | | | — |
Total increase/(decrease) in shares outstanding | | | 390,000 | | | 220,000 | | | (60,000) | | | 120,000 |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was September 12, 2023.
|
(b)
| Inception date of the Fund was September 19, 2023. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $60,321,348 | | | $60,061,554 | | | $22,060,258 | | | $4,174 |
Net realized gain/(loss) | | | 128,105,133 | | | (4,190,535) | | | 2,530,977 | | | (7,072) |
Net change in unrealized appreciation/
depreciation | | | 528,730,934 | | | (30,437,822) | | | (79,374) | | | 264,844 |
Net increase in net assets from
operations | | | 717,157,415 | | | 25,433,197 | | | 24,511,861 | | | 261,946 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (140,584,687) | | | (60,061,554) | | | (32,662,560) | | | (27,703) |
Return of capital | | | — | | | (72,626,691) | | | (33,000,810) | | | (31,820) |
Total distributions to shareholders | | | (140,584,687) | | | (132,688,245) | | | (65,663,370) | | | (59,523) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 331,766,510 | | | 1,010,437,880 | | | 1,387,185,500 | | | 9,952,528 |
Redemptions | | | (135,406,335) | | | (164,920,195) | | | (10,597,300) | | | — |
ETF transaction fees (See Note 1) | | | — | | | 5 | | | — | | | — |
Net increase in net assets from capital transactions | | | 196,360,175 | | | 845,517,690 | | | 1,376,588,200 | | | 9,952,528 |
NET INCREASE IN NET ASSETS | | | 772,932,903 | | | 738,262,642 | | | 1,335,436,691 | | | 10,154,951 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period/year | | | 2,840,052,774 | | | 2,101,790,132 | | | 766,353,441 | | | — |
End of the period/year | | | $3,612,985,677 | | | $2,840,052,774 | | | $2,101,790,132 | | | $10,154,951 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 8,550,000 | | | 28,250,000 | | | 39,000,000 | | | 400,000 |
Redemptions | | | (3,700,000) | | | (4,650,000) | | | (300,000) | | | — |
Total increase in shares outstanding | | | 4,850,000 | | | 23,600,000 | | | 38,700,000 | | | 400,000 |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was August 21, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income | | | $2,733,887 | | | $851,164 | | | $5,879 | | | $3,625,606 | | | $2,841,653 |
Net realized gain/(loss) | | | (364,299) | | | (992,658) | | | (2,018) | | | 170,058,823 | | | (4,404,126) |
Net change in unrealized appreciation/depreciation | | | 14,534,121 | | | (242,709) | | | (39,515) | | | 277,525,856 | | | 250,682,598 |
Net increase/(decrease) in net assets from operations | | | 16,903,709 | | | (384,203) | | | (35,654) | | | 451,210,285 | | | 249,120,125 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (2,734,332) | | | (866,121) | | | (5,879) | | | (3,564,023) | | | (3,006,286) |
Return of capital | | | (3,190,333) | | | (583,515) | | | (12,496) | | | — | | | — |
Total distributions to
shareholders | | | (5,924,665) | | | (1,449,636) | | | (18,375) | | | (3,564,023) | | | (3,006,286) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | |
Subscriptions | | | 96,572,195 | | | 45,304,688 | | | 2,478,528 | | | 516,709,955 | | | — |
Redemptions | | | (10,269,535) | | | (3,441,413) | | | (606,125) | | | (641,741,930) | | | (253,836,840) |
ETF transaction fees (See Note 1) | | | — | | | 5,701 | | | — | | | — | | | — |
Net increase (decrease) in net assets from capital transactions | | | 86,302,660 | | | 41,868,976 | | | 1,872,403 | | | (125,031,975) | | | (253,836,840) |
NET INCREASE (DECREASE) IN
NET ASSETS | | | 97,281,704 | | | 40,035,137 | | | 1,818,374 | | | 322,614,287 | | | (7,723,001) |
NET ASSETS:
| | | | | | | | | | | | | | | |
Beginning of the period/year | | | 41,853,511 | | | 1,818,374 | | | — | | | 1,423,792,451 | | | 1,431,515,452 |
End of the period/year | | | $139,135,215 | | | $41,853,511 | | | $1,818,374 | | | $1,746,406,738 | | | $1,423,792,451 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | |
Subscriptions | | | 3,300,000 | | | 1,650,000 | | | 100,000 | | | 8,100,000 | | | — |
Redemptions | | | (375,000) | | | (125,000) | | | (25,000) | | | (10,150,000) | | | (5,400,000) |
Total increase/(decrease) in shares outstanding | | | 2,925,000 | | | 1,525,000 | | | 75,000 | | | (2,050,000) | | | (5,400,000) |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was September 7, 2022. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $2,045,224 | | | $2,086,680 | | | $5,216 | | | $3,724 |
Net realized gain/(loss) | | | 14,651,351 | | | (8,294,769) | | | 2,830,842 | | | (1,237,671) |
Net change in unrealized appreciation/
depreciation | | | 17,614,033 | | | 20,608,883 | | | 4,639,885 | | | 5,913,497 |
Net increase in net assets from operations | | | 34,310,608 | | | 14,400,794 | | | 7,475,943 | | | 4,679,550 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (2,183,651) | | | (2,120,978) | | | (6,153) | | | — |
Return of capital | | | (82,109) | | | — | | | — | | | — |
Total distributions to shareholders | | | (2,265,760) | | | (2,120,978) | | | (6,153) | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 59,868,820 | | | 17,582,385 | | | 7,081,285 | | | 3,532,080 |
Redemptions | | | (75,655,595) | | | (5,011,035) | | | (12,726,595) | | | (6,480,250) |
ETF transaction fees (See Note 1) | | | — | | | — | | | 177 | | | 136 |
Net increase (decrease) in net assets from capital transactions | | | (15,786,775) | | | 12,571,350 | | | (5,645,133) | | | (2,948,034) |
NET INCREASE IN NET ASSETS | | | 16,258,073 | | | 24,851,166 | | | 1,824,657 | | | 1,731,516 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the year | | | 172,521,330 | | | 147,670,164 | | | 24,656,066 | | | 22,924,550 |
End of the year | | | $188,779,403 | | | $172,521,330 | | | $26,480,723 | | | $24,656,066 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 1,050,000 | | | 350,000 | | | 150,000 | | | 100,000 |
Redemptions | | | (1,350,000) | | | (100,000) | | | (300,000) | | | (200,000) |
Total increase/(decrease) in shares outstanding | | | (300,000) | | | 250,000 | | | (150,000) | | | (100,000) |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income/(loss) | | | $34,586,455 | | | $33,462,803 | | | $22,792,564 | | | $(676,849) | | | $(1,107,772) |
Net realized loss | | | (23,759,568) | | | (24,249,922) | | | (32,717,536) | | | (66,369,979) | | | (132,946,837) |
Net change in unrealized appreciation/depreciation | | | 98,029,689 | | | (768,803) | | | (93,747,918) | | | 390,388,908 | | | 86,306,661 |
Net increase/(decrease) in net assets from operations | | | 108,856,576 | | | 8,444,078 | | | (103,672,890) | | | 323,342,080 | | | (47,747,948) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (35,057,043) | | | (32,823,110) | | | (23,924,398) | | | (60,499) | | | (380,891) |
Return of capital | | | (14,916,957) | | | (10,544,890) | | | (13,017,602) | | | — | | | — |
Total distributions to shareholders | | | (49,974,000) | | | (43,368,000) | | | (36,942,000) | | | (60,499) | | | (380,891) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | |
Subscriptions | | | 168,056,180 | | | 115,213,635 | | | 55,386,975 | | | 202,361,105 | | | 47,001,305 |
Redemptions | | | (38,893,810) | | | (37,404,110) | | | (65,681,329) | | | (62,019,860) | | | (24,831,770) |
ETF transaction fees (See Note 1) | | | 408 | | | — | | | 54 | | | — | | | — |
Net increase in net assets from capital transactions | | | 129,162,778 | | | 77,809,525 | | | (10,294,300) | | | 140,341,245 | | | 22,169,535 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 188,045,354 | | | 42,885,603 | | | (150,909,190) | | | 463,622,826 | | | (25,959,304) |
NET ASSETS:
| | | | | | | | | | | | | | | |
Beginning of the period/year | | | 340,947,275 | | | 298,061,672 | | | 448,970,862 | | | 580,398,296 | | | 606,357,600 |
End of the period/year | | | $528,992,629 | | | $340,947,275 | | | $298,061,672 | | | $1,044,021,122 | | | $580,398,296 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | |
Subscriptions | | | 14,200,000 | | | 9,750,000 | | | 4,050,000 | | | 17,700,000 | | | 4,500,000 |
Redemptions | | | (3,350,000) | | | (3,300,000) | | | (4,700,000) | | | (5,250,000) | | | (2,350,000) |
Total increase in shares outstanding | | | 10,850,000 | | | 6,450,000 | | | (650,000) | | | 12,450,000 | | | 2,150,000 |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income/(loss) | | | $2,131,161 | | | $3,022,707 | | | $6,356,741 | | | $(122,929) | | | $268,653 |
Net realized loss | | | (40,077,695) | | | (27,199,764) | | | (8,576,670) | | | (21,074,684) | | | (61,842,716) |
Net change in unrealized appreciation/
depreciation | | | 39,617,368 | | | (867,592) | | | (86,320,529) | | | 116,283,477 | | | 89,485,662 |
Net increase/(decrease) in net assets from operations | | | 1,670,834 | | | (25,044,649) | | | (88,540,458) | | | 95,085,864 | | | 27,911,599 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | | | | |
Distributions to shareholders | | | (3,657,984) | | | (6,037,095) | | | (5,449,017) | | | (416,255) | | | — |
Total distributions to shareholders | | | (3,657,984) | | | (6,037,095) | | | (5,449,017) | | | (416,255) | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | |
Subscriptions | | | 1,802,440 | | | 7,256,025 | | | 96,179,630 | | | 11,741,025 | | | 4,069,200 |
Redemptions | | | (31,959,675) | | | (25,274,805) | | | (76,589,950) | | | (165,114,985) | | | (182,204,515) |
ETF transaction fees (See Note 1) | | | 9,911 | | | 11,624 | | | 53,717 | | | 15,516 | | | 30,615 |
Net decrease in net assets from capital transactions | | | (30,147,324) | | | (18,007,156) | | | 19,643,397 | | | (153,358,444) | | | (178,104,700) |
NET DECREASE IN NET ASSETS | | | (32,134,474) | | | (49,088,900) | | | (74,346,078) | | | (58,688,835) | | | (150,193,101) |
NET ASSETS:
| | | | | | | | | | | | | | | |
Beginning of the period/year | | | 110,702,207 | | | 159,791,107 | | | 234,137,185 | | | 357,014,888 | | | 507,207,989 |
End of the period/year | | | $78,567,733 | | | $110,702,207 | | | $159,791,107 | | | $298,326,053 | | | $357,014,888 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | |
Subscriptions | | | 200,000 | | | 550,000 | | | 5,300,000 | | | 250,000 | | | 100,000 |
Redemptions | | | (3,400,000) | | | (2,000,000) | | | (4,550,000) | | | (3,650,000) | | | (4,400,000) |
Total decrease in shares outstanding | | | (3,200,000) | | | (1,450,000) | | | 750,000 | | | (3,400,000) | | | (4,300,000) |
| | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income/(loss) | | | $483,774 | | | $365,921 | | | $8,965 | | | $(12,444) | | | $(256,749) | | | $2,180,233 |
Net realized gain/(loss) | | | 629,394 | | | 115,903 | | | 36,776 | | | (5,939,617) | | | (174,441,573) | | | (149,428,601) |
Net change in unrealized appreciation/
depreciation | | | 454,573 | | | 220 | | | (17,176) | | | 73,834,775 | | | 182,284,853 | | | (316,988,677) |
Net increase/(decrease) in net assets from operations | | | 1,567,741 | | | 482,044 | | | 28,565 | | | 67,882,714 | | | 7,586,531 | | | (464,237,045) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | | | | | | | |
Distributions to shareholders | | | (483,774) | | | (365,917) | | | (8,953) | | | — | | | — | | | — |
Return of capital | | | (188,984) | | | (129,309) | | | (848) | | | — | | | — | | | — |
Total distributions to shareholders | | | (672,758) | | | (495,226) | | | (9,801) | | | — | | | — | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | 10,642,027 | | | 11,763,898 | | | 2,486,810 | | | 17,910,225 | | | 67,742,930 | | | 53,305,915 |
Redemptions | | | (6,371,645) | | | (4,498,650) | | | (629,485) | | | (82,514,090) | | | (105,954,075) | | | (299,390,842) |
ETF transaction fees (See Note 1) | | | — | | | — | | | — | | | 4,519 | | | 5,641 | | | — |
Net increase (decrease) in net assets from capital transactions | | | 4,270,382 | | | 7,265,248 | | | 1,857,325 | | | (64,599,346) | | | (38,205,504) | | | (246,084,927) |
NET INCREASE/(decrease) IN NET ASSETS | | | 5,165,365 | | | 7,252,066 | | | 1,876,089 | | | 3,283,368 | | | (30,618,973) | | | (710,321,972) |
NET ASSETS:
| | | | | | | | | | | | | | | | | | |
Beginning of the period/year | | | 9,128,155 | | | 1,876,089 | | | — | | | 155,740,639 | | | 186,359,612 | | | 896,681,584 |
End of the period/year | | | $14,293,520 | | | $9,128,155 | | | $1,876,089 | | | $159,024,007 | | | $155,740,639 | | | $186,359,612 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | 375,000 | | | 450,000 | | | 100,000 | | | 350,000 | | | 1,450,000 | | | 750,000 |
Redemptions | | | (225,000) | | | (175,000) | | | (25,000) | | | (1,500,000) | | | (2,350,000) | | | (4,200,000) |
Total increase/(decrease) in shares outstanding | | | 150,000 | | | 275,000 | | | 75,000 | | | (1,150,000) | | | (900,000) | | | (3,450,000) |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was August 23, 2022. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income | | | $6,993,195 | | | $370,588 | | | $379,055 | | | $28,189 |
Net realized loss | | | — | | | (13,580,690) | | | (15,091,725) | | | (40,016,078) |
Net change in unrealized appreciation/
depreciation | | | — | | | 18,328,795 | | | (5,504,762) | | | (24,020,718) |
Net increase/(decrease) in net assets from operations | | | 6,993,195 | | | 5,118,693 | | | (20,217,432) | | | (64,008,607) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (7,066,684) | | | — | | | — | | | (960) |
Total distributions to shareholders | | | (7,066,684) | | | — | | | — | | | (960) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 242,473,702 | | | 1,302,555 | | | 1,912,410 | | | 9,048,720 |
Redemptions | | | — | | | (2,034,410) | | | (555,060) | | | (5,949,360) |
ETF transaction fees (See Note 1) | | | 59,553 | | | 595 | | | — | | | — |
Net increase (decrease) in net assets from capital transactions | | | 242,533,255 | | | (731,260) | | | 1,357,350 | | | 3,099,360 |
NET INCREASE (DECREASE) IN NET ASSETS | | | 242,459,766 | | | 4,387,433 | | | (18,860,082) | | | (60,910,207) |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the period/year | | | — | | | 23,590,528 | | | 42,450,610 | | | 103,360,817 |
End of the period/year | | | $242,459,766 | | | $27,977,961 | | | $23,590,528 | | | $42,450,610 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 2,420,000 | | | 250,000 | | | 400,000 | | | 650,000 |
Redemptions | | | — | | | (450,000) | | | (150,000) | | | (400,000) |
Total increase/(decrease) in shares outstanding | | | 2,420,000 | | | (200,000) | | | 250,000 | | | 250,000 |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was November 14, 2023. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income/(loss) | | | $(374) | | | $1,374 | | | $(2,522) | | | $8,529,125 | | | $8,744,358 | | | $11,637,629 |
Net realized gain/(loss) | | | (725,949) | | | (1,495,220) | | | (2,605,469) | | | 147,891,699 | | | (190,252,101) | | | (181,682,166) |
Net change in unrealized appreciation/
depreciation | | | 1,536,607 | | | 1,556,485 | | | (3,878,252) | | | 268,325,953 | | | 225,293,158 | | | (757,847,628) |
Net increase/(decrease) in net assets from
operations | | | 810,284 | | | 62,639 | | | (6,486,243) | | | 424,746,777 | | | 43,785,415 | | | (927,892,165) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | | | | | | | |
Distributions to shareholders | | | — | | | — | | | (378) | | | (12,491,001) | | | — | | | (167,906,335) |
Total distributions to shareholders | | | — | | | — | | | (378) | | | (12,491,001) | | | — | | | (167,906,335) |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | 8,474,088 | | | 714,227,950 | | | 17,641,355 | | | 320,208,315 |
Redemptions | | | (1,017,740) | | | (2,467,558) | | | (8,468,128) | | | (868,167,765) | | | (98,650,555) | | | (255,162,225) |
ETF transaction fees (See Note 1) | | | 85 | | | 28 | | | 456 | | | 6,716 | | | — | | | 526 |
Net decrease in net assets from capital transactions | | | (1,017,655) | | | (2,467,530) | | | 6,416 | | | (153,933,099) | | | (81,009,200) | | | 65,046,616 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (207,371) | | | (2,404,891) | | | (6,480,205) | | | 258,322,677 | | | (37,223,785) | | | (1,030,751,884) |
NET ASSETS:
| | | | | | | | | | | | | | | | | | |
Beginning of the period/year | | | 2,422,732 | | | 4,827,623 | | | 11,307,828 | | | 427,074,600 | | | 464,298,385 | | | 1,495,050,269 |
End of the period/year | | | $2,215,361 | | | $2,422,732 | | | $4,827,623 | | | $685,397,277 | | | $427,074,600 | | | $464,298,385 |
SHARES TRANSACTIONS
| | | | | | | | | | | | | | | | | | |
Subscriptions | | | — | | | — | | | 325,000 | | | 25,200,000 | | | 950,000 | | | 6,700,000 |
Redemptions | | | (50,000) | | | (150,000) | | | (425,000) | | | (27,700,000) | | | (5,250,000) | | | (8,650,000) |
Total decrease in shares outstanding | | | (50,000) | | | (150,000) | | | (100,000) | | | (2,500,000) | | | (4,300,000) | | | (1,950,000) |
| | | | | | | | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | | | | |
Net investment income/(loss) | | | $273,859 | | | $(655,431) | | | $4,764,255 | | | $5,366,178 |
Net realized loss | | | (8,855,702) | | | (56,416,763) | | | (24,417,841) | | | (15,572,050) |
Net change in unrealized appreciation/
depreciation | | | 26,076,195 | | | 67,391,971 | | | (144,720) | | | (2,096,619) |
Net increase/(decrease) in net assets from operations | | | 17,494,352 | | | 10,319,777 | | | (19,798,306) | | | (12,302,491) |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | | | | |
Distributions to shareholders | | | (238,899) | | | — | | | — | | | — |
Return of capital | | | (13,494) | | | — | | | (4,743,152) | | | — |
Total distributions to shareholders | | | (252,393) | | | — | | | (4,743,152) | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | | | | |
Subscriptions | | | 17,755,390 | | | — | | | 38,169,383 | | | 100,679,726 |
Redemptions | | | (73,386,860) | | | (53,125,815) | | | (35,780,918) | | | (36,219,769) |
ETF transaction fees (See Note 1) | | | 13,805 | | | 16,484 | | | — | | | — |
Net increase (decrease) in net assets from capital transactions | | | (55,617,665) | | | (53,109,331) | | | 2,388,465 | | | 64,459,957 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (38,375,706) | | | (42,789,554) | | | (22,152,993) | | | 52,157,466 |
NET ASSETS:
| | | | | | | | | | | | |
Beginning of the year | | | 103,928,756 | | | 146,718,310 | | | 137,124,062 | | | 84,966,596 |
End of the year | | | $65,553,050 | | | $103,928,756 | | | $114,971,069 | | | $137,124,062 |
SHARES TRANSACTIONS
| | | | | | | | | | | | |
Subscriptions | | | 900,000 | | | — | | | 19,970,000 | | | 56,940,000 |
Redemptions | | | (3,850,000) | | | (3,100,000) | | | (17,910,000) | | | (22,390,000) |
Total increase/(decrease) in shares outstanding | | | (2,950,000) | | | (3,100,000) | | | 2,060,000 | | | 34,550,000 |
| | | | | | | | | | | | | |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
AMPLIFY ETF TRUST
Statements of Changes in Net Assets(Continued)
| | | | | | | |
OPERATIONS:
| | | | | | | | | |
Net investment income | | | $44,076 | | | $146,187 | | | $9,430 |
Net realized gain/(loss) | | | (4,579,153) | | | (13,694,128) | | | 1,885 |
Net change in unrealized appreciation/depreciation | | | 13,660,102 | | | 16,680,126 | | | 122,083 |
Net increase in net assets from operations | | | 9,125,025 | | | 3,132,185 | | | 133,398 |
DISTRIBUTIONS TO SHAREHOLDERS:
| | | | | | | | | |
Distributions to shareholders | | | (32,197) | | | — | | | — |
Total distributions to shareholders | | | (32,197) | | | — | | | — |
CAPITAL TRANSACTIONS:
| | | | | | | | | |
Subscriptions | | | — | | | — | | | 4,680,761 |
Redemptions | | | (11,698,250) | | | (11,294,385) | | | — |
ETF transaction fees (See Note 1) | | | 12,815 | | | 5,825 | | | 75 |
Net increase (decrease) in net assets from
capital transactions | | | (11,685,435) | | | (11,288,560) | | | 4,680,836 |
NET INCREASE (DECREASE) IN NET ASSETS | | | (2,592,607) | | | (8,156,375) | | | 4,814,234 |
NET ASSETS:
| | | | | | | | | |
Beginning of the period/year | | | 42,844,354 | | | 51,000,729 | | | — |
End of the period/year | | | $40,251,747 | | | $42,844,354 | | | $4,814,234 |
SHARES TRANSACTIONS
| | | | | | | | | |
Subscriptions | | | — | | | — | | | 180,000 |
Redemptions | | | (200,000) | | | (200,000) | | | — |
Total increase/(decrease) in shares outstanding | | | (200,000) | | | (200,000) | | | 180,000 |
| | | | | | | | | | |
(a)
| Inception date of the Fund was May 20, 2024. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify AI Powered Equity ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $29.77 | | | $28.92 | | | $41.12 | | | $30.72 | | | $26.19 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | 0.25 | | | 0.35 | | | 0.09 | | | (0.03) | | | 0.14 |
Net realized and unrealized gain (loss) on investments(b) | | | 7.78 | | | 0.87 | | | (11.57) | | | 10.47 | | | 4.52 |
Total from investment operations | | | 8.03 | | | 1.22 | | | (11.48) | | | 10.44 | | | 4.66 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.26) | | | (0.37) | | | — | | | (0.04) | | | (0.13) |
Net realized gains | | | — | | | — | | | (0.72) | | | — | | | — |
Total distributions | | | (0.26) | | | (0.37) | | | (0.72) | | | (0.04) | | | (0.13) |
Net asset value, end of year | | | $37.54 | | | $29.77 | | | $28.92 | | | $41.12 | | | $30.72 |
Total return | | | 27.00% | | | 4.20% | | | −28.45% | | | 34.00% | | | 17.94% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $106,040 | | | $101,950 | | | $99,060 | | | $167,562 | | | $92,933 |
Ratio of expenses to average net assets | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income (loss) to average net assets | | | 0.73% | | | 1.17% | | | 0.24% | | | (0.09)% | | | 0.49% |
Portfolio turnover rate(c) | | | 1159% | | | 2719% | | | 1708% | | | 540% | | | 239% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Alternative Harvest ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $3.64 | | | $4.62 | | | $14.40 | | | $10.37 | | | $20.83 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.25 | | | 0.12 | | | 0.18 | | | 0.26 | | | 0.91 |
Net realized and unrealized gain (loss) on investments(b) | | | (0.24)(d) | | | (0.98) | | | (9.78) | | | 4.01 | | | (10.49) |
Total from investment operations | | | 0.01 | | | (0.86) | | | (9.60) | | | 4.27 | | | (9.58) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.30) | | | (0.12) | | | (0.18) | | | (0.24) | | | (0.88) |
Return of Capital | | | (0.04) | | | — | | | — | | | — | | | — |
Total distributions | | | (0.34) | | | (0.12) | | | (0.18) | | | (0.24) | | | (0.88) |
Net asset value, end of year | | | $3.31 | | | $3.64 | | | $4.62 | | | $14.40 | | | $10.37 |
Total return | | | 0.40%(e) | | | −18.67% | | | −67.06% | | | 40.90% | | | −46.83% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | $229,261 | | | $259,615 | | | $324,730 | | | $1,067,609 | | | $495,971 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | |
Before expense reimbursement/ recoupment | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
After expense reimbursement/ recoupment | | | 0.39% | | | 0.46% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income to average net assets | | | 7.29% | | | 2.89% | | | 1.95% | | | 1.39% | | | 6.27% |
Portfolio turnover rate(c) | | | 45% | | | 60% | | | 74% | | | 75% | | | 46% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Portfolio turnover rate excludes in-kind transactions. |
(d)
| Amount includes non-recurring payment for litigation proceeds, which represents a settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.06 (see Note 11 in Notes to Financial Statements). |
(e)
| Amount includes non-recurring payment for litigation proceeds, which represents a settlement received by the Fund. The litigation proceeds impact the total return by 1.96% (see Note 11 in Notes to Financial Statements). |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwan Growth & Treasury Core ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $23.17 | | | $24.63 | | | $35.72 | | | $30.87 | | | $28.57 | | | $25.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.70 | | | 0.74 | | | 0.33 | | | 0.09 | | | 0.12 | | | 0.43 |
Net realized and unrealized gain (loss) on investments(c) | | | 7.30 | | | (1.43) | | | (9.41) | | | 5.25 | | | 3.05 | | | 3.52 |
Total from investment operations | | | 8.00 | | | (0.69) | | | (9.08) | | | 5.34 | | | 3.17 | | | 3.95 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | (0.74) | | | (0.77) | | | (0.38) | | | (0.07) | | | (0.19) | | | (0.38) |
Net realized gains | | | — | | | — | | | (1.63) | | | (0.42) | | | (0.68) | | | — |
Total distributions | | | (0.74) | | | (0.77) | | | (2.01) | | | (0.49) | | | (0.87) | | | (0.38) |
ETF transaction fees per share | | | 0.00(d) | | | — | | | — | | | — | | | 0.00(d) | | | — |
Net asset value, end of period/year | | | $30.43 | | | $23.17 | | | $24.63 | | | $35.72 | | | $30.87 | | | $28.57 |
Total return(e) | | | 34.80% | | | −2.97% | | | −26.77% | | | 17.44% | | | 11.29% | | | 15.94% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $290,916 | | | $181,683 | | | $274,398 | | | $911,467 | | | $685,231 | | | $124,299 |
Ratio of expenses to average net assets | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets | | | 2.81% | | | 2.92% | | | 1.08% | | | 0.25% | | | 0.40% | | | 1.64% |
Portfolio turnover rate(e)(f) | | | 61% | | | 218% | | | 286% | | | 194% | | | 162% | | | 154% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was November 5, 2018. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwan ISWN ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $17.01 | | | $17.66 | | | $25.50 | | | $25.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | |
Net investment income(b) | | | 0.52 | | | 0.55 | | | 0.30 | | | 0.07 |
Net realized and unrealized gain (loss) on investments(c) | | | 3.58 | | | (0.66) | | | (7.77) | | | 0.48 |
Total from investment operations | | | 4.10 | | | (0.11) | | | (7.47) | | | 0.55 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | |
Net investment income | | | (0.58) | | | (0.54) | | | (0.27) | | | (0.05) |
Net realized gains | | | — | | | — | | | (0.10) | | | — |
Total distributions | | | (0.58) | | | (0.54) | | | (0.37) | | | (0.05) |
Net asset value, end of period/year | | | $20.53 | | | $17.01 | | | $17.66 | | | $25.50 |
Total return(d) | | | 24.31% | | | −0.80% | | | −29.51% | | | 2.23% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $37,986 | | | $37,430 | | | $31,348 | | | $43,353 |
Ratio of expenses to average net assets(e) | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets(e) | | | 2.95% | | | 2.93% | | | 1.42% | | | 0.38% |
Portfolio turnover rate(d)(f) | | | 32% | | | 195% | | | 221% | | | 123% |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was January 25, 2021. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlackSwan Tech & Treasury ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period/year | | | $17.30 | | | $16.96 | | | $24.95 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 0.52 | | | 0.53 | | | 0.30 |
Net realized and unrealized gain (loss) on investments(c) | | | 4.85 | | | 0.36 | | | (8.03) |
Total from investment operations | | | 5.37 | | | 0.89 | | | (7.73) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (0.57) | | | (0.55) | | | (0.26) |
Total distributions | | | (0.57) | | | (0.55) | | | (0.26) |
Net asset value, end of period/year | | | $22.10 | | | $17.30 | | | $16.96 |
Total return(d) | | | 31.20% | | | 5.25% | | | −31.07% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $2,762 | | | $2,163 | | | $2,968 |
Ratio of expenses to average net assets(e) | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets(e) | | | 2.80% | | | 2.92% | | | 1.70% |
Portfolio turnover rate(d)(f) | | | 39% | | | 209% | | | 153% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was December 8, 2021. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify BlueStar Israel Technology ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $41.25 | | | $43.94 | | | $66.09 | | | $55.57 | | | $39.92 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment loss(a) | | | (0.06) | | | 0.00(b) | | | (0.05) | | | (0.01) | | | (0.06) |
Net realized and unrealized gain (loss) on investments(c) | | | 6.73 | | | (2.69) | | | (22.10) | | | 10.97 | | | 15.71 |
Total from investment operations | | | 6.67 | | | (2.69) | | | (22.15) | | | 10.96 | | | 15.65 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | — | | | — | | | — | | | (0.44) | | | — |
Total distributions | | | — | | | — | | | — | | | (0.44) | | | — |
Net asset value, end of year | | | $47.92 | | | $41.25 | | | $43.94 | | | $66.09 | | | $55.57 |
Total return | | | 16.18% | | | −6.12% | | | −33.52% | | | 19.76% | | | 39.20% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $88,659 | | | $88,690 | | | $116,443 | | | $191,673 | | | $127,802 |
Ratio of expenses to average net assets | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment loss to average net assets | | | (0.12)% | | | 0.00%(d) | | | (0.10)% | | | (0.02)% | | | (0.12)% |
Portfolio turnover rate(e) | | | 21% | | | 17% | | | 25% | | | 21% | | | 19% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Amount represents less than $0.005 per share. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(d)
| Amount represents less than 0.005%. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cash Flow Dividend Leaders ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | |
Net asset value, beginning of period | | | $23.35 | | | $25.13 |
INVESTMENT OPERATIONS:
| | | | | | |
Net investment income(b) | | | 0.59 | | | 0.05 |
Net realized and unrealized gain (loss) on investments(c) | | | 6.34 | | | (1.79) |
Total from investment operations | | | 6.93 | | | (1.74) |
LESS DISTRIBUTIONS FROM:
| | | | | | |
Net investment income | | | (0.59) | | | (0.04) |
Total distributions | | | (0.59) | | | (0.04) |
Net asset value, end of period | | | $29.69 | | | $23.35 |
Total return(d) | | | 29.91% | | | −6.94% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | |
Net assets, end of period (in thousands) | | | $18,112 | | | $5,137 |
Ratio of expenses to average net assets:
| | | | | | |
Before expense reimbursement/recoupment(e) | | | 0.39% | | | 0.39% |
After expense reimbursement/recoupment(e) | | | —% | | | —% |
Ratio of net investment income to average net assets(e) | | | 2.30% | | | 1.46% |
Portfolio turnover rate(d)(f) | | | 140% | | | 21% |
| | | | | | | |
(a)
| Inception date of the Fund was September 12, 2023. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cash Flow High Income ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | |
Net asset value, beginning of period | | | $23.46 | | | $24.92 |
INVESTMENT OPERATIONS:
| | | | | | |
Net investment income(b) | | | 0.40 | | | 0.03 |
Net realized and unrealized gain (loss) on investments(c) | | | 3.89 | | | (1.32) |
Total from investment operations | | | 4.29 | | | (1.29) |
LESS DISTRIBUTIONS FROM:
| | | | | | |
Net investment income | | | (0.26) | | | (0.17) |
Return of capital | | | (1.63) | | | — |
Total distributions | | | (1.89) | | | (0.17) |
Net asset value, end of period | | | $25.86 | | | $23.46 |
Total return(d) | | | 18.64% | | | −5.18% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | |
Net assets, end of period (in thousands) | | | $1,552 | | | $2,815 |
Ratio of expenses to average net assets(e) | | | 0.65% | | | 0.65% |
Ratio of net investment income to average net assets(e) | | | 1.70% | | | 1.14% |
Portfolio turnover rate(d)(f) | | | —% | | | —% |
| | | | | | | |
(a)
| Inception date of the Fund was September 19, 2023. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Enhanced Dividend Income ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $34.24 | | | $35.41 | | | $37.11 | | | $29.22 | | | $30.41 | | | $28.51 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.73 | | | 0.78 | | | 0.59 | | | 0.49 | | | 0.48 | | | 0.58 |
Net realized and unrealized gain (loss) on investments(b) | | | 7.87 | | | (0.24) | | | (0.57) | | | 9.22 | | | 0.79 | | | 2.93 |
Total from investment operations | | | 8.60 | | | 0.54 | | | 0.02 | | | 9.71 | | | 1.27 | | | 3.51 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | (1.51) | | | (0.77) | | | (0.58) | | | (1.56) | | | (0.27) | | | (1.61) |
Net realized gains | | | (0.18) | | | — | | | (0.28) | | | (0.11) | | | (0.86) | | | — |
Return of capital | | | — | | | (0.94) | | | (0.86) | | | (0.15) | | | (1.33) | | | — |
Total distributions | | | (1.69) | | | (1.71) | | | (1.72) | | | (1.82) | | | (2.46) | | | (1.61) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | — | | | — | | | — | | | — |
Net asset value, end of period/
year | | $41.15 | | | $34.24 | | | $35.41 | | | $37.11 | | | $29.22 | | | $30.41 |
Total return(d) | | | 25.61% | | | 1.47% | | | 0.14% | | | 33.81% | | | 4.40% | | | 12.63% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $3,612,986 | | | $2,840,053 | | | $2,101,790 | | | $766,353 | | | $106,668 | | | $21,286 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment | | 0.55% | | | 0.55% | | | 0.55% | | | 0.61% | | | 0.95% | | | 0.95% |
After expense reimbursement/
recoupment | | 0.54% | | | 0.55% | | | 0.55% | | | 0.54% | | | 0.49% | | | 0.49% |
Ratio of net investment income to average net assets | | | 2.09% | | | 2.20% | | | 1.67% | | | 1.38% | | | 1.62% | | | 1.96% |
Portfolio turnover rate(d)(e) | | | 73% | | | 66% | | | 87% | | | 89% | | | 86% | | | 115% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP Growth & Income ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $25.00 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 0.02 |
Net realized and unrealized gain on investments(c) | | | 0.52 |
Total from investment operations | | | 0.54 |
LESS DISTRIBUTIONS FROM:
| | | |
Net investment income | | | (0.07) |
Return of capital | | | (0.08) |
Total distributions | | | (0.15) |
Net asset value, end of period | | | $25.39 |
Total return(d) | | | 2.15% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $10,155 |
Ratio of expenses to average net assets(e) | | | 0.55% |
Ratio of net investment income to average net assets(e) | | | 0.62% |
Portfolio turnover rate(d)(f) | | | 27% |
| | | | |
(a)
| Inception date of the Fund was August 21, 2024. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify CWP International Enhanced Dividend Income ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period/year | | | $26.16 | | | $24.24 | | | $25.03 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 0.80 | | | 1.03 | | | 0.09 |
Net realized and unrealized gain (loss) on investments(c) | | | 5.44 | | | 2.51 | | | (0.63) |
Total from investment operations | | | 6.24 | | | 3.54 | | | (0.54) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (0.78) | | | (0.98) | | | (0.07) |
Return of capital | | | (0.91) | | | (0.65) | | | (0.18) |
Total distributions | | | (1.69) | | | (1.63) | | | (0.25) |
ETF transaction fees per share | | | 0.00(d) | | | 0.01 | | | — |
Net asset value, end of period/year | | | $30.71 | | | $26.16 | | | $24.24 |
Total return(e) | | | 24.20% | | | 14.59% | | | −2.14% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $139,135 | | | $41,854 | | | $1,818 |
Ratio of expenses to average net assets(f) | | | 0.65% | | | 0.65% | | | 0.65% |
Ratio of net investment income to average net assets(f) | | | 2.90% | | | 3.78% | | | 2.40% |
Portfolio turnover rate(e)(g) | | | 104% | | | 83% | | | 12% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was September 7, 2022. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Amount represents less than $0.005 per share. |
(e)
| Not annualized for periods less than one year. |
(f)
| Annualized for periods less than one year. |
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Cybersecurity ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $51.59 | | | $43.38 | | | $60.97 | | | $46.56 | | | $37.46 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.13 | | | 0.09 | | | 0.06 | | | 0.20 | | | 0.64 |
Net realized and unrealized gain (loss) on investments(b) | | | 16.76 | | | 8.22 | | | (17.59) | | | 14.39 | | | 9.10 |
Total from investment operations | | | 16.89 | | | 8.31 | | | (17.53) | | | 14.59 | | | 9.74 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.13) | | | (0.10) | | | (0.06) | | | (0.18) | | | (0.64) |
Total distributions | | | (0.13) | | | (0.10) | | | (0.06) | | | (0.18) | | | (0.64) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | — | | | — |
Net asset value, end of year | | | $68.35 | | | $51.59 | | | $43.38 | | | $60.97 | | | $46.56 |
Total return | | | 32.78% | | | 19.18% | | | −28.77% | | | 31.34% | | | 26.75% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $1,746,407 | | | $1,423,792 | | | $1,431,515 | | | $2,307,648 | | | $1,503,814 |
Ratio of expenses to average net assets | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% | | | 0.60% |
Ratio of net investment income to average net assets | | | 0.22% | | | 0.20% | | | 0.11% | | | 0.35% | | | 1.50% |
Portfolio turnover rate(d) | | | 71% | | | 16% | | | 51% | | | 34% | | | 33% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share.
|
(d)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Etho Climate Leadership U.S. ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $50.01 | | | $46.15 | | | $59.36 | | | $44.18 | | | $39.58 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.63 | | | 0.63 | | | 0.52 | | | 0.47 | | | 0.41 |
Net realized and unrealized gain (loss) on investments(b) | | | 9.99 | | | 3.87 | | | (13.26) | | | 15.17 | | | 4.54 |
Total from investment operations | | | 10.62 | | | 4.50 | | | (12.74) | | | 15.64 | | | 4.95 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.67) | | | (0.64) | | | (0.47) | | | (0.46) | | | (0.35) |
Return of capital | | | (0.03) | | | — | | | — | | | — | | | — |
Total distributions | | | (0.70) | | | (0.64) | | | (0.47) | | | (0.46) | | | (0.35) |
Net asset value, end of year | | | $59.93 | | | $50.01 | | | $46.15 | | | $59.36 | | | $44.18 |
Total return | | | 21.33% | | | 9.74% | | | −21.58% | | | 35.48% | | | 12.59% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $188,779 | | | $172,521 | | | $147,670 | | | $178,070 | | | $90,561 |
Ratio of expenses to average net assets | | | 0.45% | | | 0.45% | | | 0.45% | | | 0.45% | | | 0.45% |
Ratio of net investment income to average net
assets | | | 1.15% | | | 1.22% | | | 0.92% | | | 0.83% | | | 1.00% |
Portfolio turnover rate(c) | | | 78% | | | 50% | | | 30% | | | 45% | | | 37% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Global Cloud Technology ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $35.22 | | | $28.66 | | | $51.58 | | | $42.29 | | | $35.92 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | 0.01 | | | 0.01 | | | (0.03) | | | (0.03) | | | 0.26 |
Net realized and unrealized gain (loss) on investments(b) | | | 12.93 | | | 6.55 | | | (22.89) | | | 9.45 | | | 6.34 |
Total from investment operations | | | 12.94 | | | 6.56 | | | (22.92) | | | 9.42 | | | 6.60 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.01) | | | — | | | — | | | (0.13) | | | (0.23) |
Total distributions | | | (0.01) | | | — | | | — | | | (0.13) | | | (0.23) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) | | | — | | | — |
Net asset value, end of year | | | $48.15 | | | $35.22 | | | $28.66 | | | $51.58 | | | $42.29 |
Total return | | | 36.72% | | | 22.92% | | | −44.44% | | | 22.28% | | | 18.58% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $26,481 | | | $24,656 | | | $22,925 | | | $54,155 | | | $46,515 |
Ratio of expenses to average net assets | | | 0.68% | | | 0.68% | | | 0.68% | | | 0.68% | | | 0.71%(e) |
Ratio of net investment income (loss) to average net assets | | | 0.02% | | | 0.02% | | | (0.09)% | | | (0.06)% | | | 0.70% |
Portfolio turnover rate(d) | | | 36% | | | 29% | | | 28% | | | 14% | | | 104% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share.
|
(d)
| Portfolio turnover rate excludes in-kind transactions. |
(e)
| Effective April 7, 2020, the Fund’s expense ratio was reduced to 0.68%. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify High Income ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of
period/year | | | $10.60 | | | $11.60 | | | $17.04 | | | $14.28 | | | $17.62 | | | $16.09 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.92 | | | 1.12 | | | 0.89 | | | 0.81 | | | 0.97 | | | 0.86 |
Net realized and unrealized gain (loss) on investments(b) | | 2.10 | | | (0.68) | | | (4.89) | | | 3.48 | | | (2.69) | | | 1.97 |
Total from investment
operations | | | 3.02 | | | 0.44 | | | (4.00) | | | 4.29 | | | (1.72) | | | 2.83 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | (0.93) | | | (1.09) | | | (0.93) | | | (0.86) | | | (1.03) | | | (0.87) |
Return of capital | | | (0.39) | | | (0.35) | | | (0.51) | | | (0.67) | | | (0.59) | | | (0.43) |
Total distributions | | | (1.32) | | | (1.44) | | | (1.44) | | | (1.53) | | | (1.62) | | | (1.30) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) | | | — |
Net asset value, end of period/year | | | $12.30 | | | $10.60 | | | $11.60 | | | $17.04 | | | $14.28 | | | $17.62 |
Total return(d) | | | 29.67% | | | 3.52% | | | −24.46% | | | 30.71% | | | −9.84% | | | 17.86% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $528,993 | | | $340,947 | | | $298,062 | | | $448,971 | | | $222,820 | | | $237,004 |
Ratio of expenses to average net assets | | | 0.50% | | | 0.50% | | | 0.50% | | | 0.50% | | | 0.50% | | | 0.50% |
Ratio of net investment income to average net assets | | | 8.53% | | | 9.57% | | | 6.23% | | | 4.81% | | | 6.29% | | | 5.93% |
Portfolio turnover rate(d)(e) | | | 110% | | | 48% | | | 59% | | | 90% | | | 43% | | | 28% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
(f)
| For period January 1, 2019 to October 1, 2019. See Note 1 to the Financial Statements. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Junior Silver Miners ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $8.45 | | | $9.11 | | | $11.82 | | | $13.79 | | | $9.45 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | (0.01) | | | (0.02) | | | 0.01 | | | (0.01) | | | (0.05) |
Net realized and unrealized gain (loss) on investments(b) | | | 4.43 | | | (0.63) | | | (2.68) | | | (1.76) | | | 4.56 |
Total from investment operations | | | 4.42 | | | (0.65) | | | (2.67) | | | (1.77) | | | 4.51 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | — | | | (0.01) | | | (0.04) | | | (0.20) | | | (0.17) |
Total distributions | | | — | | | (0.01) | | | (0.04) | | | (0.20) | | | (0.17) |
ETF transaction fees per share | | | 0.00(c) | | | — | | | 0.00(c) | | | 0.00(c) | | | — |
Net asset value, end of year | | | $12.87 | | | $8.45 | | | $9.11 | | | $11.82 | | | $13.79 |
Total return | | | 52.30% | | | −7.23% | | | −22.63% | | | −13.06% | | | 48.06% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $1,044,021 | | | $580,398 | | | $606,358 | | | $727,987 | | | $408,319 |
Ratio of expenses to average net assets | | | 0.69% | | | 0.69% | | | 0.69% | | | 0.69% | | | 0.69% |
Ratio of net investment income (loss) to average net assets | | | (0.09)% | | | (0.16)% | | | 0.12% | | | (0.10)% | | | (0.46)% |
Portfolio turnover rate(d) | | | 56% | | | 80% | | | 34% | | | 26% | | | 71% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Lithium & Battery Technology ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of
period/year | | | $9.84 | | | $12.58 | | | $19.59 | | | $10.83 | | | $10.59 | | | $12.87 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.22 | | | 0.25 | | | 0.49 | | | 0.27 | | | 0.16 | | | 0.29 |
Net realized and unrealized gain (loss) on investments(b) | | | 0.04 | | | (2.51) | | | (7.08) | | | 8.50 | | | 0.41 | | | (2.48) |
Total from investment operations | | | 0.26 | | | (2.26) | | | (6.59) | | | 8.77 | | | 0.57 | | | (2.19) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | (0.34) | | | (0.48) | | | (0.42) | | | (0.03) | | | (0.35) | | | (0.10) |
Total distributions | | | (0.34) | | | (0.48) | | | (0.42) | | | (0.03) | | | (0.35) | | | (0.10) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) | | | 0.02 | | | 0.02 | | | 0.01 |
Net asset value, end of period/year | | | $9.76 | | | $9.84 | | | $12.58 | | | $19.59 | | | $10.83 | | | $10.59 |
Total return(d) | | | 2.38% | | | −18.52% | | | −34.28% | | | 81.32% | | | 5.56% | | | −16.96% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year
(in thousands) | | | $78,568 | | | $110,702 | | | $159,791 | | | $234,137 | | | $9,747 | | | $4,767 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment | | 0.59% | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.89% | | | 0.92% |
After expense reimbursement/
recoupment | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.59% | | | 0.71% | | | 0.72% |
Ratio of net investment income to average net assets | | | 2.60% | | | 1.98% | | | 3.05% | | | 1.57% | | | 1.60% | | | 2.43% |
Portfolio turnover rate(d)(e) | | | 69% | | | 42% | | | 42% | | | 51% | | | 131% | | | 61% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Not annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Mobile Payments ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of
year | | | $39.23 | | | $37.85 | | | $67.82 | | | $54.30 | | | $46.60 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | (0.02) | | | 0.02 | | | (0.04) | | | (0.13) | | | (0.04) |
Net realized and unrealized gain (loss) on investments(b) | | | 13.18 | | | 1.36 | | | (29.93) | | | 13.65 | | | 7.75 |
Total from investment operations | | | 13.16 | | | 1.38 | | | (29.97) | | | 13.52 | | | 7.71 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.05) | | | — | | | — | | | — | | | (0.02) |
Total distributions | | | (0.05) | | | — | | | — | | | — | | | (0.02) |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | — | | | — | | | 0.01 |
Net asset value, end of year | | | $52.34 | | | $39.23 | | | $37.85 | | | $67.82 | | | $54.30 |
Total return | | | 33.55% | | | 3.64% | | | −44.18% | | | 24.91% | | | 16.56% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $298,326 | | | $357,015 | | | $507,208 | | | $1,193,637 | | | $798,142 |
Ratio of expenses to average net assets | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income (loss) to average net assets | | | (0.04)% | | | 0.06% | | | (0.09)% | | | (0.20)% | | | (0.08)% |
Portfolio turnover rate(d) | | | 47% | | | 23% | | | 35% | | | 27% | | | 19% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year. |
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year. |
(c)
| Amount represents less than $0.005 per share. |
(d)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Natural Resources Dividend Income ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | |
Net asset value, beginning of period/year | | | $26.08 | | | $25.01 | | | $25.79 |
INVESTMENT OPERATIONS:
| | | | | | | | | |
Net investment income(b) | | | 1.12 | | | 1.65 | | | 0.18 |
Net realized and unrealized gain (loss) on investments(c) | | | 2.95 | | | 1.34 | | | (0.76) |
Total from investment operations | | | 4.07 | | | 2.99 | | | (0.58) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | |
Net investment income | | | (1.12) | | | (1.42) | | | (0.18) |
Return of capital | | | (0.44) | | | (0.50) | | | (0.02) |
Total distributions | | | (1.56) | | | (1.92) | | | (0.20) |
Net asset value, end of period/year | | | $28.59 | | | $26.08 | | | $25.01 |
Total return(d) | | | 15.83% | | | 12.34% | | | −2.16% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $14,294 | | | $9,128 | | | $1,876 |
Ratio of expenses to average net assets(e) | | | 0.59% | | | 0.59% | | | 0.59% |
Ratio of net investment income to average net assets(e) | | | 4.35% | | | 6.34% | | | 3.94% |
Portfolio turnover rate(d)(f) | | | 106% | | | 135% | | | 31% |
| | | | | | | | | | |
(a)
| Inception date of the Fund was August 23, 2022. |
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Annualized for periods less than one year. |
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Online Retail ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of
period/year | | | $41.53 | | | $40.08 | | | $110.70 | | | $88.69 | | | $48.49 | | | $43.86 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | |
Net investment income (loss)(a) | | | (0.00)(b) | | | (0.06) | | | 0.37 | | | (0.07) | | | 0.58 | | | 0.16 |
Net realized and unrealized gain (loss) on investments(c) | | | 19.63 | | | 1.51 | | | (70.99) | | | 22.70 | | | 39.77 | | | 4.47 |
Total from investment operations | | 19.63 | | | 1.45 | | | (70.62) | | | 22.63 | | | 40.35 | | | 4.63 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | — | | | — | | | — | | | (0.62) | | | (0.15) | | | — |
Total distributions | | | — | | | — | | | — | | | (0.62) | | | (0.15) | | | — |
ETF transaction fees per share | | | 0.00(b) | | | — | | | — | | | 0.00(b) | | | — | | | — |
Net asset value, end of period/year | | | $61.16 | | | $41.53 | | | $40.08 | | | $110.70 | | | $88.69 | | | $48.49 |
Total return(d) | | | 47.28% | | | 3.62% | | | −63.80% | | | 25.49% | | | 83.46% | | | 10.54% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year
(in thousands) | | | $159,024 | | | $155,741 | | | $186,360 | | | $896,682 | | | $971,146 | | | $240,005 |
Ratio of expenses to average net assets | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% | | | 0.65% |
Ratio of net investment income (loss) to average net assets | | | (0.01)% | | | (0.13)% | | | 0.56% | | | (0.06)% | | | 0.82% | | | 0.33% |
Portfolio turnover rate(d)(e) | | | 38% | | | 62% | | | 57% | | | 61% | | | 28% | | | 36% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the period/year. |
(b)
| Amount represents less than $0.005 per share. |
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year. |
(d)
| Not annualized for periods less than one year. |
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Samsung SOFR ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $100.00 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 4.60 |
Net realized and unrealized gain on investments(c) | | | 0.01 |
Total from investment operations | | | 4.61 |
LESS DISTRIBUTIONS FROM:
| | | |
Net investment income | | | (4.46) |
Total distributions | | | (4.46) |
ETF transaction fees per share | | | 0.04 |
Net asset value, end of period | | | $100.19 |
Total return(d) | | | 4.73% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $242,460 |
Ratio of expenses to average net assets(e) | | | 0.20% |
Ratio of net investment income to average net assets(e) | | | 5.26% |
Portfolio turnover rate(d)(f) | | | —% |
| | | | |
(a)
| Inception date of the Fund was November 14, 2023.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.
|
(d)
| Not annualized for periods less than one year.
|
(e)
| Annualized for periods less than one year.
|
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Seymour Cannabis ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $3.66 | | | $6.85 | | | $17.37 | | | $11.81 | | | $15.61 | | | $24.71 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | | |
Net investment income(b) | | | 0.06 | | | 0.06 | | | 0.00(c) | | | 0.01 | | | 0.31 | | | 0.00(c) |
Net realized and unrealized gain (loss) on investments(d) | | | 0.76 | | | (3.25) | | | (10.52) | | | 5.65 | | | (4.03) | | | (9.10) |
Total from investment operations | | | 0.82 | | | (3.19) | | | (10.52) | | | 5.66 | | | (3.72) | | | (9.10) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | — | | | — | | | (0.00)(c) | | | (0.10) | | | (0.08) | | | — |
Total distributions | | | — | | | — | | | (0.00) | | | (0.10) | | | (0.08) | | | — |
ETF transaction fees per share | | | 0.00(c) | | | — | | | — | | | — | | | — | | | — |
Net asset value, end of period/year | | | $4.48 | | | $3.66 | | | $6.85 | | | $17.37 | | | $11.81 | | | $15.61 |
Total return(e) | | | 22.42% | | | −46.60% | | | −60.58% | | | 47.93% | | | −24.94% | | | −37.28% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year
(in thousands) | | | $27,978 | | | $23,591 | | | $42,451 | | | $103,361 | | | $6,497 | | | $5,465 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment | | 1.33% | | | 1.43% | | | 1.08% | | | 0.97% | | | 5.61% | | | 6.14% |
After expense reimbursement/
recoupment | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 2.22% | | | 5.73% |
Ratio of expenses to average net assets after expense reimbursement/
recoupment and securities lending credit | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income (loss) to average net assets | | | 1.33% | | | 1.27% | | | 0.05% | | | 0.05% | | | 2.93% | | | (0.10)% |
Portfolio turnover rate(e)(f) | | | 2% | | | 46% | | | 27% | | | 124% | | | 64% | | | 23% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was July 22, 2019.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(c)
| Amount represents less than $0.005 per share.
|
(d)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year.
|
(e)
| Not annualized for periods less than one year.
|
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Thematic All-Stars ETF
Financial Highlights
| | | | | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $16.15 | | | $16.09 | | | $28.27 | | | $25.05 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | |
Net investment income (loss)(b) | | | (0.00)(c) | | | 0.01 | | | (0.01) | | | (0.02) |
Net realized and unrealized gain (loss) on investments(d) | | | 6.00 | | | 0.05 | | | (12.17) | | | 3.24 |
Total from investment operations | | | 6.00 | | | 0.06 | | | (12.18) | | | 3.22 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | |
Net realized gains | | | — | | | — | | | (0.00)(c) | | | — |
Total distributions | | | — | | | — | | | (0.00) | | | — |
ETF transaction fees per share | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) | | | 0.00(c) |
Net asset value, end of period/year | | | $22.15 | | | $16.15 | | | $16.09 | | | $28.27 |
Total return(e) | | | 37.16% | | | 0.37% | | | −43.07% | | | 12.85% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | | $2,215 | | | $2,423 | | | $4,828 | | | $11,308 |
Ratio of expenses to average net assets(f) | | | 0.49% | | | 0.49% | | | 0.49% | | | 0.49% |
Ratio of net investment income (loss) to average net assets(f) | | | (0.02)% | | | 0.04% | | | (0.03)% | | | (0.23)% |
Portfolio turnover rate(e)(g) | | | 75% | | | 66% | | | 70% | | | 48% |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was July 20, 2021.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(c)
| Amount represents less than $0.005 per share.
|
(d)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year.
|
(e)
| Not annualized for periods less than one year.
|
(f)
| Annualized for periods less than one year.
|
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Transformational Data Sharing ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period/
year | | $20.58 | | | $18.53 | | | $55.37 | | | $24.80 | | | $18.21 | | | $17.45 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | 0.36 | | | 0.38 | | | 0.41 | | | 0.24 | | | 0.17 | | | 0.23 |
Net realized and unrealized gain (loss) on investments(c) | | | 16.96 | | | 1.67 | | | (31.50) | | | 30.98 | | | 6.80 | | | 0.71 |
Total from investment operations | | | 17.32 | | | 2.05 | | | (31.09) | | | 31.22 | | | 6.97 | | | 0.94 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | | | |
Net investment income | | | (0.34) | | | — | | | (5.75) | | | (0.66) | | | (0.39) | | | (0.19) |
Total distributions | | | (0.34) | | | — | | | (5.75) | | | (0.66) | | | (0.39) | | | (0.19) |
ETF transaction fees per share | | | 0.00(d) | | | — | | | 0.00(d) | | | 0.01 | | | 0.01 | | | 0.01 |
Net asset value, end of period/
year | | $37.56 | | | $20.58 | | | $18.53 | | | $55.37 | | | $24.80 | | | $18.21 |
Total return(e) | | | 84.42% | | | 11.05% | | | −61.76% | | | 127.54% | | | 38.97% | | | 5.72% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | | | |
Net assets, end of period/year
(in thousands) | | | $685,397 | | | $427,075 | | | $464,298 | | | $1,495,050 | | | $132,705 | | | $99,269 |
Ratio of expenses to average net assets:
| | | | | | | | | | | | | | | | | | |
Before expense reimbursement/
recoupment(f) | | 0.70% | | | 0.70% | | | 0.70% | | | 0.73% | | | 0.90% | | | 0.90% |
After expense reimbursement/
recoupment(f) | | 0.70% | | | 0.70% | | | 0.70% | | | 0.70% | | | 0.70% | | | 0.70% |
Ratio of net investment income to average net assets(f) | | | 1.26% | | | 1.94% | | | 1.33% | | | 0.50% | | | 0.85% | | | 1.35% |
Portfolio turnover rate(e)(g) | | | 41% | | | 36% | | | 39% | | | 41% | | | 44% | | | 35% |
| | | | | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(b)
| Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the underlying exchange traded funds in which the Fund invests. The ratio does not include net investment income of the exchange traded funds in which the Fund invests.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year.
|
(d)
| Amount represents less than $0.005 per share.
|
(e)
| Not annualized for periods less than one year.
|
(f)
| These ratios exclude the impact of expenses of the underlying exchange traded funds as represented in the Schedule of Investments. Recognition of net investment income by the Fund is affected by the timing of the underlying exchange traded funds in which the Fund invests.
|
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Travel Tech ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $16.90 | | | $15.86 | | | $28.37 | | | $18.88 | | | $25.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income (loss)(b) | | | 0.06 | | | (0.08) | | | (0.10) | | | (0.13) | | | (0.02) |
Net realized and unrealized gain (loss) on investments(c) | | | 3.59 | | | 1.12 | | | (12.42) | | | 9.60 | | | (6.12) |
Total from investment operations | | | 3.65 | | | 1.04 | | | (12.52) | | | 9.47 | | | (6.14) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.06) | | | — | | | — | | | (0.01) | | | — |
Return of capital | | | (0.00)(d) | | | — | | | — | | | — | | | — |
Total distributions | | | (0.06) | | | — | | | — | | | (0.01) | | | — |
ETF transaction fees per share | | | 0.00(d) | | | 0.00(d) | | | 0.01 | | | 0.03 | | | 0.02 |
Net asset value, end of period/year | | | $20.49 | | | $16.90 | | | $15.86 | | | $28.37 | | | $18.88 |
Total return | | | 21.59% | | | 6.54% | | | −44.08% | | | 50.35% | | | −24.50%(g) |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | $65,553 | | | $103,929 | | | $146,718 | | | $321,957 | | | $15,100 |
Ratio of expenses to average net
assets(e) | | | 0.75% | | | 0.75% | | | 0.76% | | | 0.75% | | | 0.75% |
Ratio of dividend and interest expense to average net assets(e) | | | —% | | | —% | | | 0.01% | | | —% | | | —% |
Ratio of operational expenses to average net assets excluding interest expense(e) | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income (loss) to average net assets(e) | | | 0.31% | | | (0.49)% | | | (0.47)% | | | (0.43)% | | | 0.30% |
Portfolio turnover rate(f) | | | 33% | | | 48% | | | 40% | | | 57% | | | 49%(g) |
| | | | | | | | | | | | | | | | |
(a)
| Inception date of the Fund was February 12, 2020.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year.
|
(d)
| Amount represents less than $0.005 per share.
|
(e)
| Annualized for periods less than one year.
|
(f)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify U.S. Alternative Harvest ETF
Financial Highlights
| | | | | | | |
PER SHARE DATA:
| | | | | | | | | | | | |
Net asset value, beginning of period/year | | | $1.86 | | | $2.16 | | | $7.72 | | | $10.00 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | |
Net investment income (loss)(b) | | | 0.07 | | | 0.08 | | | 0.13 | | | (0.01) |
Net realized and unrealized loss on investments(c) | | | (0.35) | | | (0.38) | | | (5.69) | | | (2.27) |
Total from investment operations | | | (0.28) | | | (0.30) | | | (5.56) | | | (2.28) |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | |
Return of capital | | | (0.07) | | | — | | | — | | | — |
Total distributions | | | (0.07) | | | — | | | — | | | — |
Net asset value, end of period/year | | | $1.51 | | | $1.86 | | | $2.16 | | | $7.72 |
Total return | | | −15.14% | | | −14.14% | | | −71.97% | | | −22.82%(f) |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | |
Net assets, end of period/year (in thousands) | | $114,971 | | | $137,124 | | | $84,967 | | | $6,097 |
Ratio of expenses to average net
assets(d) | | | 0.86% | | | 0.76% | | | 0.75% | | | 0.75% |
Ratio of interest expense to average net assets(d) | | | 0.11% | | | 0.01% | | | —% | | | —% |
Ratio of expenses to average net assets excluding interest expense(d) | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income (loss) to average net assets(d) | | | 3.97% | | | 4.86% | | | 4.45% | | | (0.38)% |
Portfolio turnover rate(e) | | | 159% | | | 55% | | | 12% | | | 16%(f) |
| | | | | | | | | | | | | |
(a)
| Inception date of the Fund was May 12, 2021.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period/year.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the periods/years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period/year.
|
(d)
| Annualized for periods less than one year.
|
(e)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Video Game Tech ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | | | | | | | | | | | | | |
Net asset value, beginning of year | | | $53.56 | | | $51.00 | | | $83.69 | | | $67.61 | | | $41.50 |
INVESTMENT OPERATIONS:
| | | | | | | | | | | | | | | |
Net investment income(a) | | | 0.06 | | | 0.17 | | | 0.25 | | | 0.74 | | | 0.25 |
Net realized and unrealized gain (loss) on investments(b) | | | 13.50 | | | 2.38 | | | (30.82) | | | 15.96 | | | 26.26 |
Total from investment operations | | | 13.56 | | | 2.55 | | | (30.57) | | | 16.70 | | | 26.51 |
LESS DISTRIBUTIONS FROM:
| | | | | | | | | | | | | | | |
Net investment income | | | (0.05) | | | — | | | (2.14) | | | (0.72) | | | (0.41) |
Total distributions | | | (0.05) | | | — | | | (2.14) | | | (0.72) | | | (0.41) |
ETF transaction fees per share | | | 0.02 | | | 0.01 | | | 0.02 | | | 0.10 | | | 0.01 |
Net asset value, end of year | | | $67.09 | | | $53.56 | | | $51.00 | | | $83.69 | | | $67.61 |
Total return | | | 25.36% | | | 5.01% | | | −37.58% | | | 24.91% | | | 64.12% |
SUPPLEMENTAL DATA AND RATIOS:
| | | | | | | | | | | | | | | |
Net assets, end of year (in thousands) | | | $40,252 | | | $42,844 | | | $51,001 | | | $100,427 | | | $121,699 |
Ratio of expenses to average net assets | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% | | | 0.75% |
Ratio of net investment income to average net assets | | | 0.11% | | | 0.29% | | | 0.33% | | | 0.87% | | | 0.51% |
Portfolio turnover rate(c) | | | 52% | | | 44% | | | 53% | | | 89% | | | 53% |
| | | | | | | | | | | | | | | | |
(a)
| Net investment income per share has been calculated based on average shares outstanding during the year.
|
(b)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the year.
|
(c)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify Weight Loss Drug & Treatment ETF
Financial Highlights
| | | | |
PER SHARE DATA:
| | | |
Net asset value, beginning of period | | | $25.21 |
INVESTMENT OPERATIONS:
| | | |
Net investment income(b) | | | 0.08 |
Net realized and unrealized gain on investments(c) | | | 1.46 |
Total from investment operations | | | 1.54 |
LESS DISTRIBUTIONS FROM:
| | | |
Total distributions | | | — |
ETF transaction fees per share | | | 0.00(d) |
Net asset value, end of period | | | $26.75 |
Total return(e) | | | 6.09% |
SUPPLEMENTAL DATA AND RATIOS:
| | | |
Net assets, end of period (in thousands) | | | $4,814 |
Ratio of expenses to average net assets(f) | | | 0.59% |
Ratio of net investment income to average net assets(f) | | | 0.83% |
Portfolio turnover rate(e)(g) | | | 36% |
| | | | |
(a)
| Inception date of the Fund was May 20, 2024.
|
(b)
| Net investment income per share has been calculated based on average shares outstanding during the period.
|
(c)
| Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.
|
(d)
| Amount represents less than $0.005 per share.
|
(e)
| Not annualized for periods less than one year.
|
(f)
| Annualized for periods less than one year.
|
(g)
| Portfolio turnover rate excludes in-kind transactions. |
The accompanying notes are an integral part of these financial statements.
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024
1. ORGANIZATION
Amplify ETF Trust (the “Trust”) was organized as a Massachusetts business trust on January 6, 2015, and is authorized to issue an unlimited number of shares in one or more series of funds. The Trust is an open-end management investment company, registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust currently consists of multiple operational series, all of which are covered in this report (each a “Fund” and collectively the “Funds”). Each Fund represents a beneficial interest in a separate portfolio of securities and other assets, with their own investment objectives and policies.
The Funds list and principally trade their shares on the New York Stock Exchange Arca (“NYSE”) and the Nasdaq Stock Market LLC (“Nasdaq”) (each an “Exchange” and collectively the “Exchanges”). Shares of the Funds trade on the Exchanges at market prices that may be below, at, or above the Funds’ net asset value (“NAV”). The Funds will issue and redeem shares on a continuous basis at NAV only in creation units.
Creation Units will be issued and redeemed principally in-kind for securities included in a specified universe. Once created, shares generally will trade in the secondary market at market prices that change throughout the day in quantities less than a Creation Unit. Except when aggregated in Creation Units, shares are not redeemable securities of a Fund. Shares of a Fund may only be purchased or redeemed by certain financial institutions (“Authorized Participants”). An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of the National Securities Clearing Corporation or (ii) a DTC participant and, in each case, must have executed an Authorized Participant Agreement with Foreside Fund Services, LLC (“the Distributor”). Most retail investors will not qualify as Authorized Participants or have the resources to buy and sell whole Creation Units. Therefore, they will be unable to purchase or redeem the shares directly from the Funds. Rather, most retail investors will purchase shares in the secondary market with the assistance of a broker and will be subject to customary brokerage commissions or fees.
Each Fund currently offers one class of shares, which has no front end sales load, no deferred sales charge, and no redemption fee. The Funds may issue an unlimited number of shares of beneficial interest, with par value of $0.01 per share. All shares of the Funds have equal rights and privileges. In addition to the transaction fees noted below, each Fund may also charge up to a 2% variable fee on the creation or redemption of Creation or Redemption Units. Variable transaction fees during the fiscal period/year, if any, are disclosed in the Statements of Changes in Net Assets.
| | | | | | | | | | | | | | | | | | | |
Amplify AI Powered Equity ETF | | | AIEQ | | | October 17, 2017 | | | Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify Alternative Harvest ETF | | | MJ | | | December 3, 2015 | | | Non-Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify BlackSwan Growth & Treasury Core ETF | | | SWAN | | | November 5, 2018 | | | Diversified | | | NYSE | | | 300 | | | 10,000 |
Amplify BlackSwan ISWN ETF | | | ISWN | | | January 25, 2021 | | | Non-Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify BlackSwan Tech & Treasury
ETF | | | QSWN | | | December 8, 2021 | | | Non-Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify BlueStar Israel Technology ETF | | | ITEQ | | | November 2, 2015 | | | Non-Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Cash Flow Dividend Leaders
ETF | | | COWS | | | September 12, 2023 | | | Non-Diversified | | | NASDAQ | | | 300 | | | 10,000 |
Amplify Cash Flow High Income ETF | | | HCOW | | | September 19, 2023 | | | Non-Diversified | | | NASDAQ | | | 300 | | | 30,000 |
Amplify CWP Enhanced Dividend Income ETF | | | DIVO | | | December 13, 2016 | | | Non-Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify CWP Growth & Income ETF | | | QDVO | | | August 21, 2024 | | | Non-Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify CWP International Enhanced Dividend Income ETF | | | IDVO | | | September 7, 2022 | | | Non-Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify Cybersecurity ETF | | | HACK | | | November 11, 2014 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Etho Climate Leadership
U.S. ETF | | | ETHO | | | November 18, 2015 | | | Diversified | | | NYSE | | | 750 | | | 50,000 |
Amplify Global Cloud Technology ETF | | | IVES | | | March 8, 2016 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify High Income ETF | | | YYY | | | June 11, 2012 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Junior Silver Miners ETF | | | SILJ | | | November 28, 2012 | | | Non-Diversified | | | NYSE | | | 500 | | | 50,000 |
| | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | | | | |
Amplify Lithium & Battery Technology ETF | | | BATT | | | June 4, 2018 | | | Non-Diversified | | | NYSE | | | 1,000 | | | 50,000 |
Amplify Mobile Payments ETF | | | IPAY | | | July 15, 2015 | | | Non-Diversified | | | NYSE | | | 300 | | | 50,000 |
Amplify Natural Resources Dividend Income ETF | | | NDIV | | | August 23, 2022 | | | Non-Diversified | | | NYSE | | | 300 | | | 25,000 |
Amplify Online Retail ETF | | | IBUY | | | April 19, 2016 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Samsung SOFR ETF | | | SOFR | | | November 14, 2023 | | | Non-Diversified | | | NYSE | | | 300 | | | 10,000 |
Amplify Seymour Cannabis ETF | | | CNBS | | | July 22, 2019 | | | Non-Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Thematic All-Stars ETF | | | MVPS | | | July 20, 2021 | | | Non-Diversified | | | NYSE | | | 750 | | | 25,000 |
Amplify Transformational Data Sharing ETF | | | BLOK | | | January 16, 2018 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify Travel Tech ETF | | | AWAY | | | February 12, 2020 | | | Diversified | | | NYSE | | | 500 | | | 50,000 |
Amplify U.S. Alternative Harvest ETF | | | MJUS | | | May 12, 2021 | | | Non-Diversified | | | NYSE | | | 300 | | | 10,000 |
Amplify Video Game Tech ETF | | | GAMR | | | March 8, 2016 | | | Diversified | | | NYSE | | | 750 | | | 50,000 |
Amplify Weight Loss Drug & Treatment ETF | | | THNR | | | May 20, 2024 | | | Non-Diversified | | | NYSE | | | 300 | | | 10,000 |
| | | | | | | | | | | | | | | | | | | |
The investment objectives of the Funds are to seek investment results that generally correspond (before fees and expenses) to the price and yield of the following indexes, respectively.
| | | | | | | |
AIEQ | | | AI Powered Equity Index | |
MJ | | | Prime Alternative Harvest Index | |
SWAN | | | S-Network BlackSwan Core Index | |
ISWN | | | S-Network BlackSwan International Index | |
QSWN | | | S-Network BlackSwan Tech & Treasury Index | |
ITEQ | | | BlueStar Israel Global Technology IndexTM | |
COWS | | | Kelly US Cash Flow Dividend Leaders Index | |
HACK | | | Nasdaq ISE Cyber Security Select Index | |
ETHO | | | Etho Climate Leadership Index | |
IVES | | | Prime Global Cloud Technology Index | |
YYY | | | ISE High IncomeTM Index | |
SILJ | | | Nasdaq Junior Silver Miners Index | |
BATT | | | EQM Lithium & Battery Technology Index | |
IPAY | | | Nasdaq CTA Global Digital Payments Index | |
NDIV | | | EQM Natural Resources Dividend Income Index | |
IBUY | | | EQM Online Retail Index | |
MVPS | | | ETF All-Stars Thematic Composite Index | |
AWAY | | | Prime Travel Technology Index | |
GAMR | | | EEFund Video Game TechTM Index | |
THNR | | | VettaFi Weight Loss Drug & Treatment Index | |
| | | | | |
The investment objective of DIVO and IDVO is to provide current income as its primary objective and to provide capital appreciation as its secondary objective. The investment objective of BLOK is to provide investors with total return. The investment objective of CNBS is to provide investors capital appreciation. The investment objective of HCOW is to provide investors with current income. The investment objective of SOFR is to provide investors with current income equal to the returns of the Secured Overnight Financing Rate (“SOFR”). The investment objective of MJUS is to provide income and long-term growth of capital. The investment objective of QDVO is to provide capital appreciation as its primary objective and to provide high current income as its secondary objective.
Effective December 12, 2023, the Board of Trustees approved a change in fiscal year end for the Funds from October 31 to September 30.
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
The Acquiring Funds are the successor in interest to the Predecessor Funds listed below which were included as a series of another investment company, ETF Managers Trust (“Predecessor Trust”). On January 19, 2024, the shareholders of the Predecessor Funds approved the tax-free reorganization of the Predecessor Funds with and into the Amplify ETF Trust, and effective as of the close of business on January 26, 2024, the assets and liabilities of the Predecessor Funds were transferred to the Trust in exchange for shares of the Acquiring Funds. For financial reporting purposes, assets received and shares issued by the Funds were recorded at fair value; however, the cost basis of the investments received from the Predecessor Funds was carried forward to align ongoing reporting of the Acquiring Funds’ realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. Costs incurred by the Acquiring Funds in connection with the reorganization were paid by the Adviser. The fiscal year end of the Predecessor Funds was September 30. The reporting period covered by this annual report for the Acquiring Funds is October 1, 2023 through September 30, 2024. Operations prior to January 26, 2024 were for the Predecessor Fund. The net assets and shares outstanding transferred into the Trust at NAV at the close of business on January 26, 2024 were as follows:
| | | | | | | | | | | | | | | | | | | |
AI Powered Equity ETF | | | Amplify AI Powered Equity ETF | | | $109,962,894 | | | $(638,568) | | | $390,845 | | | $(39,729,558) | | | 3,150,000 |
ETFMG Alternative Harvest ETF | | | Amplify Alternative Harvest ETF | | | 246,068,434 | | | (59,818,147) | | | (542,629) | | | (1,820,751,515) | | | 68,900,000 |
BlueStar Israel Technology ETF | | | Amplify BlueStar Israel Technology ETF | | | 84,632,358 | | | (23,442,102) | | | (564,045) | | | (31,794,853) | | | 1,850,000 |
ETFMG Prime Cyber Security ETF | | | Amplify Cybersecurity ETF | | | 1,745,993,167 | | | 273,394,128 | | | 16,954 | | | (294,765,054) | | | 27,550,000 |
Etho Climate Leadership U.S. ETF | | | Amplify Etho Climate Leadership U.S. ETF | | | 176,740,183 | | | 10,391,012 | | | (410,788) | | | (15,934,164) | | | 3,200,000 |
Wedbush ETFMG Global Cloud Technology ETF | | | Amplify Global Cloud Technology ETF | | | 24,853,161 | | | 699,878 | | | (101,655) | | | (12,559,177) | | | 600,000 |
ETFMG Prime Junior Silver Miners ETF | | | Amplify Junior Silver Miners ETF | | | 639,736,570 | | | (79,970,805) | | | (7,430,947) | | | (394,384,238) | | | 69,900,000 |
ETFMG Prime Mobile Payments ETF | | | Amplify Mobile Payments ETF | | | 341,374,492 | | | (87,607,559) | | | (669,011) | | | (285,169,744) | | | 7,400,000 |
ETFMG Travel Tech ETF | | | Amplify Travel Tech ETF | | | 95,587,069 | | | (24,776,134) | | | (1,576,951) | | | (132,417,100) | | | 5,000,000 |
ETFMG U.S. Alternative Harvest ETF | | | Amplify U.S. Alternative Harvest ETF | | | 151,090,051 | | | 34,309,091 | | | (13,869,186) | | | (44,983,507) | | | 71,980,000 |
Wedbush ETFMG Video Game Tech ETF | | | Amplify Video Game Tech ETF | | | 42,384,114 | | | (7,625,686) | | | (129,605) | | | (46,235,226) | | | 750,000 |
| | | | | | | | | | | | | | | | | | | |
Below are the voting results from the special meeting (unaudited):
| | | | | | | | | | | | | |
AIEQ | | | 1,331,470 | | | 73,527 | | | 98,138 | | | 439,434 |
MJ | | | 29,534,369 | | | 1,391,977 | | | 1,648,687 | | | 10,984,896 |
ITEQ | | | 787,807 | | | 33,808 | | | 20,053 | | | 325,696 |
HACK | | | 9,552,856 | | | 247,556 | | | 381,560 | | | 3,938,578 |
ETHO | | | 1,589,300 | | | 84,523 | | | 85,353 | | | 480,536 |
IVES | | | 257,634 | | | 4,579 | | | 7,156 | | | 96,227 |
SILJ | | | 27,422,140 | | | 1,362,059 | | | 1,143,658 | | | 8,714,725 |
IPAY | | | 3,176,268 | | | 89,710 | | | 112,019 | | | 1,341,441 |
AWAY | | | 2,262,255 | | | 62,373 | | | 92,710 | | | 901,495 |
MJUS | | | 72,105,223 | | | 11,611 | | | 7,564 | | | 339,531 |
GAMR | | | 263,460 | | | 7,604 | | | 17,009 | | | 103,660 |
| | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
The Adviser and ETF Managers Group LLC (“ETFMG”) entered into an Asset Purchase Agreement in order to effect the Reorganizations because they believed that the synergies that exist between the two organizations make reorganizing each Predecessor Fund into its respective Acquiring Fund a compelling proposition. ETFMG was seeking to exit the investment advisory business and the similar investment style and objectives of each organization’s respective funds are complementary and led ETFMG to believe that transitioning Predecessor Fund shareholders into the Acquiring Funds would benefit such shareholders.
2. SIGNIFICANT ACCOUNTING POLICIES
The Funds are investment companies and accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies.
The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of their financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
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/year ended September 30, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs.
For the year ended September 30, 2024, there have been no significant changes to the Funds’ fair valuation methodologies.
Common stocks, preferred stocks and other equity securities listed on any national or foreign exchange (excluding the NASDAQ National Market (“NASDAQ”) and the London Stock Exchange Alternative Investment Market (“AIM”)) will be valued at the last sale 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. Securities traded in the over-the-counter market may be valued at the Bid, Ask, at the mean of the bid and the asked price, last traded value, and otherwise at their last closing bid price depending on the security’s characteristics and information. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the current exchange rate, which approximates fair value. Foreign securities and other assets denominated in foreign currencies are translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar as provided by the pricing service. All assets denominated in foreign currencies will be converted into U.S. dollars at the exchange rates in effect at the time of valuation. Redeemable securities issued by open-end investment companies shall be valued at the investment company’s applicable net asset value, with the exception of exchange-traded open-end investment companies which are priced as equity securities. Exchange-Security options will be valued at the Mean ICE bid ask quote. If no closing price is available, they will be fair valued at the mean of their most recent bid and asked price. OTC options contracts are fair valued at the mean of the most recent bid and asked price. In the event of an intraday exchange halt the value will be the last traded price or if not trades the mean of their
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
most recent bid and asked price. Exchange Index options will be valued at the Snap price 4:00 ET Mean ICE Quote price - IDC Mean means the mid-point between the stated bid ask spread. (Many Index options trade to 4:15 ET). Exchange Flex options will be valued at the last traded price post 3:45pm ET. If there are none, then a theoretical price will be calculated in house by CBOE. Fixed income securities, swaps, currency, credit and commodity-linked notes, and other similar instruments will be valued using a Pricing Service. Specific to fixed income securities, with a remaining maturity of greater than 60 days will be valued by the Fund Accounting Agent using a Pricing Service, and for fixed income securities having a remaining maturity of 60 days or less when purchased will be valued at cost adjusted for amortization of premiums and accretion of discounts, provided the Valuation and Pricing Committee has determined that the use of amortized cost by the Fund Accounting Agent is an appropriate reflection of fair value given market and issuer specific conditions existing at the time of the determination. Factors that may be considered in determining the appropriateness of the use of amortized cost include, but are not limited to, the following: i. the credit conditions in the relevant market and changes thereto; ii. the liquidity conditions in the relevant market and changes thereto; iii. the interest rate conditions in the relevant market and changes thereto (such as significant changes in interest rates); iv. issuer-specific conditions (such as significant credit deterioration); and v. any other market-based data the Valuation and Pricing Committee considers relevant. In this regard, the Valuation and Pricing Committee may use last-obtained market-based data to assist it when valuing portfolio securities using amortized cost. Futures contracts are valued at the closing price, if no price is determined by the exchange, at the closing bid price. Repurchase agreements will be valued as follows: Overnight repurchase agreements will be valued at cost. Term repurchase agreements (i.e., those whose maturity exceeds seven days) will be valued by the Valuation and Pricing Committee at the average of the bid quotations obtained daily from at least two recognized dealers.
Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company’s NAV per share as provided by its administrator.
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 September 30, 2024:
| | | | | | | | | | | | | | | | |
Investments in Securities
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Common Stocks | | | $104,279,844 | | | $86,756,610 | | | $— | | | $— | | | $— |
Affiliated Exchange Traded Funds | | | — | | | 111,134,470 | | | — | | | — | | | — |
Real Estate Investment Trusts | | | 1,975,608 | | | 28,642,481 | | | — | | | — | | | — |
Investments Purchased with Proceeds from Securities Lending | | | 882,591 | | | 32,558,623 | | | — | | | — | | | — |
Money Market Funds | | | 56,015 | | | 1,697,374 | | | 881 | | | 2,232 | | | 2,411 |
Total Level 1 | | | 107,194,058 | | | 260,789,558 | | | 881 | | | 2,232 | | | 2,411 |
Level 2
| | | | | | | | | | | | | | | |
U.S. Treasury Securities | | | — | | | — | | | 236,910,985 | | | 32,180,193 | | | 2,309,473 |
Purchased Options | | | — | | | — | | | 51,812,948 | | | 5,482,158 | | | 422,354 |
Total Level 2 | | | — | | | — | | | 288,723,933 | | | 37,662,351 | | | 2,731,827 |
Level 3
| | | | | | | | | | | | | | | |
Common Stocks | | | — | | | 0 | | | — | | | — | | | — |
Total Level 3 | | | — | | | 0 | | | — | | | — | | | — |
Total | | | $107,194,058 | | | $260,789,558 | | | $288,724,814 | | | $37,664,583 | | | $2,734,238 |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
Investments in Securities
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Common Stocks | | | $88,423,978 | | | $18,029,883 | | | $— | | | $3,294,432,693 | | | $9,850,697 |
Affiliated Exchange Traded Funds | | | — | | | — | | | 1,525,413 | | | 178,493,023 | | | — |
Real Estate Investment Trusts | | | — | | | — | | | — | | | — | | | 286,891 |
Investments Purchased with Proceeds from Securities Lending | | | 1,539,193 | | | — | | | — | | | 1,476,000 | | | — |
Money Market Funds | | | 198,852 | | | 72,304 | | | 2,634 | | | 149,088,373 | | | 119,546 |
Total Level 1 | | | 90,162,023 | | | 18,102,187 | | | 1,528,047 | | | 3,623,490,089 | | | 10,257,134 |
Level 2
| | | | | | | | | | | | | | | |
Total Level 2 | | | — | | | — | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
Total | | | $90,162,023 | | | $18,102,187 | | | $1,528,047 | | | $3,623,490,089 | | | $10,257,134 |
Other Financial Instruments(a)
| | | | | | | | | | | | | | | |
Liabilities
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Total Level 1 | | | — | | | — | | | — | | | — | | | — |
Level 2
| | | | | | | | | | | | | | | |
Options Written | | | — | | | — | | | — | | | (1,121,900) | | | (26,073) |
Total Return Swaps | | | — | | | — | | | (6,241) | | | — | | | — |
Total Level 2 | | | — | | | — | | | (6,241) | | | (1,121,900) | | | (26,073) |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
Total | | | $— | | | $— | | | $(6,241) | | | $(1,121,900) | | | $(26,073) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Investments in Securities
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Common Stocks | | | $133,848,182 | | | $1,688,823,545 | | | $181,545,047 | | | $25,363,971 | | | $— |
Affiliated Exchange Traded Funds | | | 1,383,036 | | | — | | | — | | | — | | | — |
Investment Companies | | | — | | | — | | | — | | | — | | | 526,849,896 |
Real Estate Investment Trusts | | | — | | | — | | | 7,144,728 | | | 1,025,886 | | | — |
Investments Purchased with Proceeds from Securities Lending | | | 12,768,863 | | | — | | | 4,687,171 | | | 1,022,601 | | | 9,857,081 |
Money Market Funds | | | 3,555,336 | | | 58,396,078 | | | 36,476 | | | 74,740 | | | 604,204 |
Total Level 1 | | | 151,555,417 | | | 1,747,219,623 | | | 193,413,422 | | | 27,487,198 | | | 537,311,181 |
Level 2
| | | | | | | | | | | | | | | |
Total Level 2 | | | — | | | — | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
Investments in Securities - (Continued)
|
Assets - (Continued)
|
Investments Measured at Net Asset Value
| | | | | | | | | | | | | | | |
Investments Purchased with Proceeds from Securities Lending(b) | | | $— | | | $7,494,652 | | | $— | | | $— | | | $— |
Total Investments Measured at Net Asset Value | | | — | | | 7,494,652 | | | — | | | — | | | — |
Total | | | $151,555,417 | | | $1,754,714,275 | | | $193,413,422 | | | $27,487,198 | | | $537,311,181 |
Other Financial Instruments(a)
| | | | | | | | | | | | | | | |
Liabilities
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Total Level 1 | | | $— | | | $— | | | $— | | | $— | | | $— |
Level 2
| | | | | | | | | | | | | | | |
Options Written | | | (205,555) | | | — | | | — | | | — | | | |
Total Level 2 | | | (205,555) | | | — | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
Total | | | $(205,555) | | | $— | | | $— | | | $— | | | $— |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Investments in Securities
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Common Stocks | | | $1,040,605,330 | | | $78,114,109 | | | $297,335,524 | | | $14,205,385 | | | $158,936,694 |
Investments Purchased with Proceeds from Securities Lending | | | 27,047,408 | | | 18,584,516 | | | 1,916,003 | | | 601,824 | | | 6,058,557 |
Money Market Funds | | | 3,747,838 | | | 72,747 | | | 1,112,097 | | | 36,166 | | | 119,742 |
Total Level 1 | | | 1,071,400,576 | | | 96,771,372 | | | 300,363,624 | | | 14,843,375 | | | 165,114,993 |
Level 2
| | | | | | | | | | | | | | | |
Common Stocks | | | 140,423 | | | — | | | | | | | | | |
Total Level 2 | | | 140,423 | | | — | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Common Stocks | | | 0 | | | 0 | | | 0 | | | — | | | 0 |
Total Level 3 | | | 0 | | | 0 | | | 0 | | | — | | | 0 |
Total | | | $1,071,540,999 | | | $96,771,372 | | | $300,363,624 | | | $14,843,375 | | | $165,114,993 |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
Investments in Securities
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Common Stocks | | | $ — | | | $11,609,128 | | | $2,196,824 | | | $629,677,171 | | | $65,578,169 |
Exchange Traded Funds | | | — | | | — | | | — | | | 42,671,492 | | | — |
Real Estate Investment Trusts | | | — | | | 2,854,325 | | | 14,222 | | | — | | | — |
Investments Purchased with Proceeds from Securities Lending | | | $— | | | $2,458,138 | | | $6,390 | | | $88,991,633 | | | $— |
Money Market Funds | | | 106,826 | | | 1,880,226 | | | 4,938 | | | 4,751,107 | | | — |
Total Level 1 | | | 106,826 | | | 18,801,817 | | | 2,222,374 | | | 766,091,403 | | | 65,578,169 |
Level 2
| | | | | | | | | | | | | | | |
Corporate Bonds | | | — | | | — | | | — | | | 2,061,560 | | | — |
Convertible Bonds | | | — | | | — | | | — | | | 1,750,360 | | | — |
U.S. Government Notes/Bonds | | | — | | | — | | | — | | | — | | | — |
Rights | | | — | | | — | | | — | | | — | | | — |
Repurchase Agreements | | | 242,298,458 | | | — | | | — | | | — | | | — |
Total Level 2 | | | 242,298,458 | | | — | | | — | | | 3,811,920 | | | — |
Level 3
| | | | | | | | | | | | | | | |
Common Stocks | | | — | | | 0 | | | — | | | — | | | — |
Rights | | | — | | | 0 | | | — | | | — | | | — |
Total Level 3 | | | — | | | 0 | | | — | | | — | | | — |
Total | | | $242,405,284 | | | $18,801,817 | | | $2,222,374 | | | $769,903,323 | | | $65,578,169 |
Other Financial Instruments(a)
| | | | | | | | | | | | | | | |
Assets
| | | | | | | | | | | | | | | |
Level 1 | | | — | | | — | | | — | | | — | | | — |
Total Level 1 | | | — | | | — | | | — | | | — | | | — |
Level 2
| | | | | | | | | | | | | | | |
Total Return Swaps | | | — | | | 418,357 | | | — | | | — | | | — |
Total Level 2 | | | — | | | 418,357 | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
Total | | | $— | | | $418,357 | | | $— | | | $— | | | $— |
Other Financial Instruments(a)
| | | | | | | | | | | | | | | |
Liabilities
| | | | | | | | | | | | | | | |
Level 1
| | | | | | | | | | | | | | | |
Total Level 1 | | | — | | | — | | | — | | | — | | | — |
Level 2
| | | | | | | | | | | | | | | |
Total Return Swaps | | | — | | | (273,625) | | | — | | | — | | | — |
Total Level 2 | | | — | | | (273,625) | | | — | | | — | | | — |
Level 3
| | | | | | | | | | | | | | | |
Total Level 3 | | | — | | | — | | | — | | | — | | | — |
Total | | | $— | | | $(273,625) | | | $— | | | $— | | | $— |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | |
Investments in Securities
| | | | | | | | | |
Assets
| | | | | | | | | |
Level 1
| | | | | | | | | |
Common Stocks | | | $23,246,632 | | | $40,055,861 | | | $4,721,859 |
Real Estate Investment Trusts | | | 5,378,435 | | | — | | | — |
Money Market Funds | | | 112,487 | | | 159,447 | | | 68,347 |
Total Level 1 | | | 28,737,554 | | | 40,215,308 | | | 4,790,206 |
Level 2
| | | | | | | | | |
U.S. Treasury Obligations | | | 86,512,311 | | | — | | | — |
Total Level 2 | | | 86,512,311 | | | — | | | — |
Level 3
| | | | | | | | | |
Common Stocks | | | — | | | 0 | | | — |
Total Level 3 | | | — | | | — | | | — |
Total | | | $115,249,865 | | | $40,215,308 | | | $4,790,206 |
Other Financial Instruments(a)
| | | | | | | | | |
Liabilities
| | | | | | | | | |
Level 1
| | | | | | | | | |
Total Level 1 | | | — | | | — | | | — |
Level 2
| | | | | | | | | |
Total Return Swaps | | | (340,042) | | | — | | | — |
Total Level 2 | | | (340,042) | | | — | | | — |
Level 3
| | | | | | | | | |
Total Level 3 | | | — | | | — | | | — |
Total | | | $(340,042) | | | $— | | | $— |
| | | | | | | | | | |
See the Schedules of Investments for further disaggregation of investment categories.
(a)
| Other Financial Instruments are derivative instruments not reflected in the Schedules of Investments, such as options written, total return swap agreements, and futures contracts which are reflected at value. |
(b)
| Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |
Option Writing – DIVO, IDVO and QDVO will each employ an option strategy in which they will write U.S. exchange-traded covered call options on equity securities in the portfolios in order to seek additional income (in the form of premiums on the options) and selective repurchase of such options. A call option written (sold) by DIVO, IDVO or QDVO will give the holder (buyer) the right to buy a certain equity security at a predetermined strike price from DIVO, IDVO or QDVO. A premium is the income received by an investor who sells or writes an option contract to another party. DIVO and IDVO seek to lower risk and enhance total return by tactically selling short-term call options on some, or all, of the equity securities in the portfolio. Specifically, DIVO seeks to provide gross income of approximately 2-3% from dividend income and 2-4% from option premium, plus the potential for capital appreciation. IDVO seeks to provide gross income of approximately 3-4% from dividend income and 2-4% from option premium, plus the potential for capital appreciation. QDVO seeks to provide gross income of approximately 0-2% from dividend income and 4-6% from option premium, plus the potential for capital appreciation. Unlike a systematic covered call program, DIVO, IDVO and QDVO are not obligated to continuously cover each individual equity position. When one of the underlying stocks demonstrates strength or an increase in implied volatility, DIVO, IDVO and QDVO identify that opportunity and sell call options tactically, rather than keeping all positions covered and limiting potential upside.
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
When DIVO, IDVO or QDVO write an option, an amount equal to the premium received by DIVO, IDVO or QDVO, respectively is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire unexercised are treated by DIVO, IDVO and QDVO on the expiration date as realized gains from options written. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or, if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether DIVO, IDVO or QDVO has realized a gain or loss. DIVO, IDVO and QDVO, as writers of an option, bear the market risk of an unfavorable change in the price of the security underlying the written option. During the period, DIVO, IDVO and QDVO used written covered call options in a manner consistent with the strategy described above.
SWAN, ISWN, and QSWN’s investments in options contracts will primarily be long-term equity anticipation securities known as LEAP Options. LEAP Options are long-term exchange-traded call options that allow holders the opportunity to participate in the underlying securities’ appreciation in excess of a specified strike price without receiving payments equivalent to any cash dividends declared on the underlying securities. A holder of a LEAP Option will be entitled to receive a specified number of shares of the underlying stock upon payment of the exercise price, and therefore the LEAP Option will be exercisable at any time the price of the underlying stock is above the strike price. However, if at expiration the price of the underlying stock is at or below the strike price, the LEAP Option will expire and be worthless.
Swap Agreements – CNBS, HCOW, and MJUS may enter total return swaps for investment purposes. Total return swaps are agreements to exchange the return generated by one instrument for the return generated by another instrument. Swap agreements are contracts entered into primarily with major financial institutions for a specified period ranging from a day to more than one year. For example, the agreement to pay a predetermined or fixed interest rate in exchange for a market-linked return based on a notional amount. To the extent the total return of a referenced index or instrument exceeds the offsetting interest obligation, a Fund will receive a payment from the counterparty. To the extent it is less, a Fund will make a payment to the counterparty. The marked-to-market value less a financing rate, if any, is recorded in net unrealized appreciation (depreciation) on swaps on the Statements of Assets and Liabilities. At termination or maturity date, a net cash flow is exchanged where the total return is equivalent to the return of the underlying reference asset less a financing rate, if any, and is recorded in net realized gain (loss) on swaps on the Statements of Operations. To the extent the marked-to market value of a total return swap appreciates to the benefit of a Fund and exceeds certain contractual thresholds, a Fund’s counterparty may be contractually required to provide collateral. If the marked-to-market value of a total return swap depreciates in value to the benefit of a counterparty and exceeds certain contractual thresholds, a Fund would generally be required to provide collateral for the benefit of its counterparty. Investments and cash provided by the Funds as collateral are reflected as a component of investments in unaffiliated securities at value and collateral for swaps, respectively, on the Statements of Assets and Liabilities and investments are noted on the Schedules of Investments. Assets and cash collateral provided to a Fund by a counterparty as collateral are not assets of the Fund and are not a component of a Fund’s net asset value.
The value of derivative instruments on the Statements of Assets and Liabilities as of September 30, 2024 is as follows:
| | | | | | | | | | |
SWAN | | | Equity Contracts - Options | | | Investments, at Value (asset) | | | $51,812,948 |
ISWN | | | Equity Contracts - Options | | | Investments, at Value (asset) | | | 5,482,158 |
QSWN | | | Equity Contracts - Options | | | Investments, at Value (asset) | | | 422,354 |
HCOW | | | Equity Contracts - Swaps | | | Net Unrealized Depreciation on Swaps | | | (6,241) |
DIVO | | | Equity Contracts - Options | | | Written Option Contracts, at value (liability) | | | 1,121,900 |
QDVO | | | Equity Contracts - Options | | | Written Option Contracts, at value (liability) | | | 26,073 |
IDVO | | | Equity Contracts - Options | | | Written Option Contracts, at value (liability) | | | 205,555 |
CNBS | | | Equity Contracts - Swaps | | | Net Unrealized Appreciation on Swaps | | | 418,357 |
CNBS | | | Equity Contracts - Swaps | | | Net Unrealized Depreciation on Swaps | | | (273,625) |
MJUS | | | Equity Contracts - Swaps | | | Net Unrealized Depreciation on Swaps | | | (340,042) |
| | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
The effect of derivative instruments on the Statement of Operations for the period/year ended September 30, 2024 is as follows:
| | | | | | | | | | | | | |
SWAN | | | Equity Contracts | | | Options Purchased(a) | | | $14,914,640 | | | $25,867,647 |
ISWN | | | Equity Contracts | | | Options Purchased(a) | | | 983,758 | | | 3,670,646 |
QSWN | | | Equity Contracts | | | Options Purchased(a) | | | 306,504 | | | 132,935 |
HCOW | | | Equity Contracts | | | Swaps | | | (179,244) | | | (18,213) |
DIVO | | | Equity Contracts | | | Options Written | | | 26,694,348 | | | (2,015,294) |
QDVO | | | Equity Contracts | | | Options Written | | | 23,216 | | | (3,569) |
IDVO | | | Equity Contracts | | | Options Written | | | 1,101,415 | | | (186,647) |
CNBS | | | Equity Contracts | | | Swaps | | | 2,229,763 | | | 2,990,204 |
MJUS | | | Equity Contracts | | | Swaps | | | (11,592,468) | | | (340,191) |
| | | | | | | | | | | | | |
(a)
| Realized and unrealized gain (loss) on options purchased is included within the net realized and unrealized gain (loss) on investments balance on the Statements of Operations.
|
The average monthly value of derivative activity during the period/year ended September 30, 2024 is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Average Market Value
|
Options Written | | | $— | | | $— | | | $— | | | $— | | | $(1,987,245) | | | $(18,246) | | | $(91,964) | | | $— | | | $— |
Options Purchased | | | 30,194,680 | | | 4,902,929 | | | 402,591 | | | — | | | — | | | — | | | — | | | — | | | — |
Average Notional Value
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Return Swaps | | | — | | | — | | | — | | | 1,928,073 | | | — | | | — | | | — | | | 15,328,800 | | | 94,195,651 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Offsetting Assets and Liabilities – The Funds are subject to various Master Netting Arrangements, which govern the terms of certain transactions with select counterparties. The Master Netting Arrangements allow the Funds to close out and net their total exposure to a counterparty in the event of a default with respect to all the transactions governed under a single agreement with a counterparty. The Master Netting Arrangements also specify collateral posting arrangements at pre-arranged exposure levels. Under the Master Netting Arrangements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Netting Arrangement with a counterparty in a given account exceeds a specified threshold depending on the counterparty and type of Master Netting Arrangement.
| | | | | | | | | | | | | | | | |
CNBS
| | | | | | | | | | | | | | | | | | |
Swaps Executed
Nomura Global Financial Products, Inc. | | | $418,357 | | | $(273,625) | | | $144,732 | | | $ — | | | $ — | | | $144,732 |
| | | | | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
HCOW
| | | | | | | | | | | | | | | | | | |
Swaps Executed
Goldman Sachs | | | $6,241 | | | $ — | | | $6,241 | | | $ — | | | $6,241 | | | $ — |
MJUS
| | | | | | | | | | | | | | | | | | |
Swaps Executed
National Bank of Canada | | | $340,042 | | | $— | | | $340,042 | | | $— | | | $340,042 | | | $— |
| | | | | | | | | | | | | | | | | | | |
In some instances, the collateral amounts disclosed in the tables were adjusted due to the requirement to limit the collateral amounts to avoid the effect of overcollateralization. Actual collateral received/pledged may be more than the amounts disclosed herein.
Short Positions – When a Fund sells a security it does not own (known as a “short” position), it must buy or borrow the security sold short and deliver it to the broker-dealer through which it made the short sale. A gain, limited to the price at which the Fund sold the security short, or a loss, unlimited in size, will be recognized upon the termination of a short sale. For financial statement purposes, cash proceeds from securities sold short, if any, are included in the Statements of Assets and Liabilities as deposits at broker for securities sold short. The amount of the securities sold short, shown as a liability, is subsequently marked-to-market to reflect the current value of the short positions. Subsequent fluctuations in the market prices of securities sold short may require purchasing the securities at prices which could differ from the amount reflected in the Statements of Assets and Liabilities. A Fund is liable for any dividends or interest payable on securities while those securities are in a short position. Dividend and interest expense paid by the Funds, if any, are displayed in the Expenses section of the Statements of Operations.
Share Valuation – The NAV per share of the Funds is calculated by dividing the sum of the value of the securities held by the Funds, plus cash and other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding for each Fund, rounded to the nearest cent. The Funds’ shares will not be priced on the days on which the NYSE is closed for trading. The offering and redemption price per share for the Funds is equal to the Funds’ NAV.
Use of Estimates – The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the period/year. Actual results could differ from those estimates.
Foreign Currency Translation – The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rates on investments and currency gains or losses realized between the trade and settlement dates on securities transactions from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized and unrealized gains (loss) on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions represent net foreign exchange gains or losses from foreign currency exchange contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on foreign currency transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent amounts actually received or paid.
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
Security Transactions and Investment Income – Security transactions are accounted for on trade date. Costs used in determining realized gains and losses on the sale of investment securities are based on specific identification. Dividend income is recorded on the ex-dividend date. Non-cash dividends included in dividend income or separately disclosed, if any, are recorded at the fair value of the security received. Interest income is recognized on the accrual basis. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. Discounts and premiums on securities purchased are accreted and amortized over the lives of the respective securities using the effective interest method.
Distributions received from YYY’s investments in closed-end funds (“CEFs”) are recorded as ordinary income, net realized capital gain or return of capital based on information reported by the CEFs and management’s estimates of such amounts based on historical information. These estimates are adjusted with the tax returns after the actual source of distributions has been disclosed by the CEFs and may differ from the estimated amounts.
Dividends and Distributions to Shareholders – Dividends from net investment income and net realized capital gains, if any, will be declared and paid at least annually by the Funds. All distributions are recorded on the ex-dividend date.
The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with income tax regulations, which may differ from U.S. GAAP. As a result, net investment income (loss) and net realized gain (loss) on investments and foreign currency for a reporting period may differ significantly from distributions during such period. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to distributable earnings/(accumulated deficit) and paid-in capital, as appropriate, in the period that the differences arise.
Guarantees and Indemnifications – In the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, based on experience, the Funds expect risk of loss to be remote.
Organizational and Offering Costs – All organizational costs incurred to establish the Funds were paid by the Adviser and are not subject to reimbursement.
3. AGREEMENTS
The Adviser serves as investment adviser to the Funds. Pursuant to an Investment Management Agreement (the “Management Agreement”) between the Trust, on behalf of the Funds, and the Adviser, the Adviser provides investment advice to the Funds and oversees the day-to-day operations of the Funds, subject to the direction and control of the Board and the officers of the Trust.
Under the Management Agreement, the Funds will pay the following investment advisory fees to the Adviser as compensation for the services rendered, facilities furnished, and expenses paid by it (with the exception of CNBS), including the cost of transfer agency, custody, fund administration, legal, audit and other service and license fees, but excluding interest, taxes, brokerage commissions, and other expenses connected with the execution of portfolio transactions, distribution and service fees payable pursuant to a Rule 12b-1 Plan, if any, and extraordinary expenses.
| | | | | | | | | | ��� |
AIEQ | | | 0.75% | | | YYY | | | 0.50% |
MJ | | | 0.75% | | | SILJ | | | 0.69% |
SWAN | | | 0.49% | | | BATT | | | 0.59% |
ISWN | | | 0.49% | | | IPAY | | | 0.75% |
QSWN | | | 0.49% | | | NDIV | | | 0.59% |
ITEQ | | | 0.75% | | | IBUY | | | 0.65% |
COWS | | | 0.39% | | | SOFR | | | 0.20% |
HCOW | | | 0.65% | | | CNBS | | | 0.65% |
DIVO | | | 0.55% | | | MVPS | | | 0.49% |
QDVO | | | 0.55% | | | BLOK | | | 0.70% |
| | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | |
IDVO | | | 0.65% | | | AWAY | | | 0.75% |
HACK | | | 0.60% | | | MJUS | | | 0.75% |
ETHO | | | 0.45% | | | GAMR | | | 0.75% |
IVES | | | 0.68% | | | THNR | | | 0.59% |
| | | | | | | | | | |
Pursuant to a contractual agreement between the Trust on behalf of CNBS, the Adviser has agreed to waive or reduce its fees to assume other expenses of CNBS, if necessary, in amounts that limit CNBS’ total operating expenses (exclusive of any Rule 12b-1 fees, taxes, interest, brokerage fees, acquired fund fees and expenses, expenses incurred in connection with any merger, reorganization, or proxy solicitation, litigation, and other extraordinary expenses) to not more than 0.75% of the average daily net assets of CNBS. For the period ended September 30, 2024, the Adviser’s management fee was reduced by $162,893, and the Adviser paid none of the Fund’s expenses. This contractual agreement expires on March 1, 2025. The Adviser is entitled to recoup any fees that it waived and/or fund expenses that it paid for a period of three years following such fee waivers and/or expense payments per the Expense Reimbursement and Fee Waiver Agreement as outlined in the schedule below:
| | | | |
October 31, 2025 | | | 204,674 |
October 31, 2026 | | | 202,832 |
September 30, 2027 | | | 162,893 |
| | | | |
Pursuant to a contractual agreement between the Trust, on behalf of COWS, management fees paid to the Adviser were reduced by 0.39%. For the period ended September 30, 2024, the Adviser’s management fee was reduced by $44,189. Effective August 13, 2024, Amplify Investments LLC, the investment adviser to the Fund, has agreed to extend the fee waiver currently in effect such that it will waive the management fees for the Fund for assets under management up to $100 million until at least September 11, 2025. This contractual agreement expires on September 11, 2025. The Adviser is not eligible to recoup these amounts.
The Adviser has contractually agreed to waive the proportionate amount of the COWS’s advisory fee as applied to the net assets of the Fund invested in HCOW, for which the Adviser also serves as investment adviser. As a result, the Adviser receives a management fee of 0.26% from assets of HCOW invested in COWS. Given the fee waiver in COWS, there was no reduction in the management fee in HCOW for the period ended September 30, 2024.
The Adviser has contractually agreed to waive the proportionate amount of the DIVO’s advisory fee as applied to the net assets of the Fund invested in SOFR, for which the Adviser also serves as investment adviser. As a result, the Adviser receives a management fee of 0.35% from assets of SOFR invested in DIVO. For the period ended September 30, 2024, the Adviser’s management fee was reduced by $166,448.
The Adviser has contractually agreed to waive the proportionate amount of the IDVO’s advisory fee as applied to the net assets of the Fund invested in SOFR for which the Adviser also serves as investment adviser. As a result, the Adviser receives a management fee of 0.45% from assets of SOFR invested in IDVO. For the period ended September 30, 2024, the Adviser’s management fee was reduced by $0.
The Adviser has contractually agreed to waive the proportionate amount of the MJ’s advisory fee as applied to the net assets of the Fund invested in MJUS, for which the Adviser also serves as investment adviser. As a result, the Adviser receives no management fee from assets of MJUS invested in MJ. For the year ended September 30, 2024, the Adviser’s management fee was reduced by $858,234.
The Adviser has overall responsibility for overseeing the investment of the Funds’ assets, managing the Funds’ business affairs and providing certain clerical, bookkeeping and other administrative services for the Trust. Penserra Capital Management, LLC (“Penserra”), Capital Wealth Planning, LLC (“CWP”), Seymour Asset management, LLC
“SAM”), Tidal Investments, a Tidal Financial Group company (“Tidal”), Cerity Partners, LLC (“Cerity”), Kelly
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Notes to the Financial Statements
September 30, 2024(Continued)
Strategic Management, LLC (“Kelly Intelligence”), and Samsung Asset Management (“Samsung”) serve as Sub-Advisers to Funds in the Trust. The Sub-Advisers for each Fund is as follows:
| | | | | | | | | | |
AIEQ | | | Tidal | | | YYY | | | Penserra |
MJ | | | Tidal | | | SILJ | | | Tidal |
SWAN | | | Tidal & Cerity | | | BATT | | | Tidal |
ISWN | | | Tidal & Cerity | | | IPAY | | | Penserra |
QSWN | | | Tidal & Cerity | | | NDIV | | | Tidal |
ITEQ | | | Tidal | | | IBUY | | | Penserra |
COWS | | | Penserra & Kelly Intelligence | | | SOFR | | | Samsung |
HCOW | | | Penserra & Kelly Intelligence | | | CNBS | | | Penserra & SAM |
DIVO | | | Penserra & CWP | | | MVPS | | | Tidal |
QDVO | | | Penserra & CWP | | | BLOK | | | Tidal |
IDVO | | | Penserra, CWP & SAM | | | AWAY | | | Tidal |
HACK | | | Penserra | | | MJUS | | | Tidal |
ETHO | | | Tidal | | | GAMR | | | Penserra |
IVES | | | Penserra | | | THNR | | | Penserra |
| | | | | | | | | | |
Each Sub-Adviser has responsibility for selecting and continuously monitoring the Fund’s investments. Sub-Advisory fees earned by Penserra, Tidal, Cerity, CWP, SAM, Kelly Intelligence, and Samsung are paid by the Adviser.
U.S. Bancorp Fund Services, LLC (“Fund Services” or “Administrator”), doing business as U.S. Bank Global Fund Services, acts as the Funds’ Administrator and, in that capacity, performs various administrative and accounting services for the Funds. The Administrator prepares various federal and state regulatory filings, reports and returns for the Funds, including regulatory compliance monitoring and financial reporting; prepares reports and materials to be supplied to the Board; monitors the activities of the Funds’ custodian, transfer agent and accountant. Fund Services also serves as the transfer agent and fund accountant to the Funds. U.S. Bank N.A. (“USB”), an affiliate of Fund Services, serves as the Funds’ custodian and securities lending agent (“Securities Lending Agent”).
The Distributor acts as the Funds’ principal underwriter in a continuous public offering of the Funds’ shares.
Certain officers and Trustees of the Trust are also officers or employees of the Adviser or its affiliates. The Chief Compliance Officer and the Principal Financial Officer of the Adviser provide services to CNBS and the Adviser is entitled to receive reimbursement from CNBS for their services pursuant to its fee arrangements with CNBS.
4. SECURITIES LENDING
The Funds may lend up to 33 1/3% of the value of the securities in their portfolios to brokers, dealers and financial institutions (but not individuals) under terms of participation in a securities lending program administered by the Securities Lending Agent. The securities lending agreements require that loans are collateralized at all times in an amount equal to at least 102% of the value of any domestic loaned securities at the time of the loan, plus accrued interest. The use of loans of foreign securities, which are denominated and payable in U.S. dollars, shall be collateralized in an amount equal to 105% of the value of any loaned securities at the time of the loan plus accrued interest.
The Funds receive compensation in the form of fees and earn interest on the non-cash and cash collateral. Due to timing issues of when a security is recalled from loan, the financial statements may differ in presentation. The amount of fees depends on a number of factors including the type of security and length of the loan. The Funds continue to receive interest payments or dividends on the securities loaned during the borrowing period. Gain or loss in the value of securities loaned that may occur during the term of the loan will be for the account of the Funds. The Funds have the right under the terms of the securities lending agreements to recall the securities from the borrower on demand.
As of September 30, 2024, the Funds listed in the below table had loaned securities and received cash collateral for the loans. All of the securities on loan were classified as common stocks. 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
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Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
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 Funds 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 Funds are indemnified from this risk by contract with the Securities Lending Agent. The value of the securities on loan and the related collateral as of September 30, 2024, are disclosed in each Fund’s Schedule of Investments and Statement of Assets and Liabilities.
As of September 30, 2024, the values of the securities on loan and payable for collateral due to brokers were as follows:
| | | | | | | |
AIEQ | | | $265,776 | | | $882,591(a) |
MJ | | | 30,349,126 | | | 32,558,623(a) |
SWAN | | | — | | | — |
ISWN | | | — | | | — |
QSWN | | | — | | | — |
ITEQ | | | 1,465,548 | | | 1,539,193(a) |
COWS | | | — | | | — |
HCOW | | | — | | | — |
DIVO | | | 1,443,168 | | | 1,476,000(a) |
QDVO | | | — | | | — |
IDVO | | | 12,271,581 | | | 12,768,863(a) |
HACK | | | 7,314,523 | | | 7,494,652(b) |
ETHO | | | 4,424,583 | | | 4,687,171(a) |
IVES | | | 981,953 | | | 1,022,601(a) |
YYY | | | 9,589,463 | | | 9,857,081(a) |
SILJ | | | 22,913,688 | | | 27,047,408(a) |
BATT | | | 17,342,562 | | | 18,584,516(a) |
IPAY | | | 874,384 | | | 1,916,003(a) |
NDIV | | | 590,236 | | | 601,824(a) |
IBUY | | | 4,601,590 | | | 6,058,557(a) |
SOFR | | | — | | | — |
CNBS | | | 2,101,883 | | | 2,458,138(a) |
MVPS | | | 6,015 | | | 6,390(a) |
BLOK | | | 81,517,293 | | | 88,991,633(a) |
AWAY | | | — | | | — |
MJUS | | | — | | | — |
GAMR | | | — | | | — |
THNR | | | — | | | — |
| | | | | | | |
(a)
| The cash collateral received was invested in the First American Government Obligations Fund as shown on the schedule of investments, a short-term investment portfolio with an overnight and continuous maturity. The investment objective is to seek to maximize current income and daily liquidity by purchasing U.S. government securities and repurchase agreements collateralized by such obligations. |
(b)
| The cash collateral received was invested in the Mount Vernon Liquid Assets Portfolio, LLC as shown on the schedule of investments, which has an overnight and continuous maturity. The investment objective is to seek to maximize income to the extent consistent with the preservation of capital and liquidity and maintain a stable NAV of $1.00. |
The interest income earned by the Funds on investments of cash collateral received from borrowers for the securities loaned to them (“Securities Lending Income”) is reflected in the Funds’ Statements of Operations.
Due to the absence of a master netting agreement related to the Funds’ participation in securities lending, no additional offsetting disclosures have been made on behalf of the Funds for the total borrowings listed above.
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Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
5. LINE OF CREDIT
Prior to the conversion into the Amplify ETF Trust, the Predecessor Trust had established a line of credit (“LoC”) with U.S. Bank National Association to be used primarily for financing redemption payments, using the securities in the Fund’s portfolio as collateral. Borrowing under the LoC is limited to $80,000,000. The LoC matured on December 11, 2023. The interest rate paid by the Fund on outstanding borrowings is equal to the prime rate. During the period of October 1, 2023 and December 11, 2023, the following fund borrowed under this arrangement:
| | | | | | | | | | |
ETFMG TRAVEL TECH ETF | | | 5 | | | $24,000 | | | 8.50% |
| | | | | | | | | | |
6. REPURCHASE AGREEMENTS
SOFR will enter into repurchase agreements. A repurchase agreement is an agreement to purchase a security from a party at one price and a simultaneous agreement to sell it back to the original party at an agreed-upon price, typically representing the purchase price plus interest. Repos may be viewed as loans made by the Fund which are collateralized by the securities subject to repurchase. A Fund’s investment return on such transactions will depend on the counterparty’s willingness and ability to perform its obligations under a repo. If the Fund’s counterparty should default on its obligations and the Fund is delayed or prevented from recovering the collateral, or if the value of the collateral is insufficient, a Fund may have to borrow cash, subject to certain legal limits, or realize a loss.
Due to the absence of a master netting agreement related to SOFR’s participation in repurchase agreements, no
additional offsetting disclosures have been made on behalf of the Fund.
| | | | | | | |
SOFR | | | Curvature Securities, LLC | | | 0.26 |
SOFR | | | Clear Street LLC | | | 0.25 |
SOFR | | | Buckler Securities, LLC | | | 2.02 |
| | | | | | | |
7. INVESTMENT TRANSACTIONS
For the year/period ended September 30, 2024, the in-kind transactions associated with creations and redemptions, and the long-term purchases and sales of U.S. Government Securities were as follows:
| | | | | | | | | | | | | | | | | | | |
AIEQ | | | $1,224,888,689 | | | $1,225,009,916 | | | $39,066,948 | | | $59,644,395 | | | $— | | | $— |
MJ | | | 108,670,734 | | | 111,682,331 | | | 4,985,404 | | | 10,074,239 | | | — | | | — |
SWAN | | | 152,747,578 | | | 111,196,242 | | | — | | | — | | | 135,371,887 | | | 77,561,046 |
ISWN | | | 12,148,844 | | | 18,898,294 | | | — | | | — | | | 8,134,325 | | | 13,672,688 |
QSWN | | | 972,238 | | | 1,004,628 | | | — | | | — | | | 725,201 | | | 474,136 |
ITEQ | | | 17,453,013 | | | 17,774,018 | | | 13,522,008 | | | 25,627,139 | | | — | | | — |
COWS | | | 18,220,259 | | | 17,195,345 | | | 18,775,596 | | | 9,025,194 | | | — | | | — |
HCOW | | | — | | | 96,331 | | | — | | | 1,531,678 | | | — | | | — |
DIVO | | | 2,341,904,055 | | | 2,109,107,640 | | | 304,809,912 | | | 123,766,494 | | | — | | | — |
QDVO | | | 2,515,235 | | | 2,085,936 | | | 9,480,570 | | | — | | | — | | | — |
IDVO | | | 103,929,686 | | | 101,466,402 | | | 91,055,659 | | | 9,800,473 | | | — | | | — |
HACK | | | 1,174,582,851 | | | 1,225,121,026 | | | 514,929,554 | | | 636,178,452 | | | — | | | — |
ETHO | | | 140,988,480 | | | 138,998,453 | | | 59,261,283 | | | 76,316,113 | | | — | | | — |
IVES | | | 11,712,905 | | | 9,431,867 | | | 4,660,532 | | | 12,462,044 | | | — | | | — |
YYY | | | 484,892,436 | | | 491,228,976 | | | 166,357,979 | | | 38,518,897 | | | — | | | — |
| | | | | | | | | | | | | | | | | | | |
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Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | | | | |
SILJ | | | $ 463,262,485 | | | $ 435,472,209 | | | $171,954,672 | | | $59,055,384 | | | $ — | | | $ — |
BATT | | | 61,828,281 | | | 70,940,727 | | | 1,183,287 | | | 23,626,159 | | | — | | | — |
IPAY | | | 151,763,794 | | | 155,716,069 | | | 11,374,795 | | | 159,106,376 | | | — | | | — |
NDIV | | | 12,819,341 | | | 12,766,667 | | | 10,562,130 | | | 6,353,291 | | | — | | | — |
IBUY | | | 64,590,886 | | | 65,663,959 | | | 17,347,131 | | | 80,835,529 | | | — | | | — |
SOFR | | | — | | | — | | | — | | | — | | | — | | | — |
CNBS | | | 5,044,240 | | | 300,237 | | | 564,045 | | | 1,005,011 | | | — | | | — |
MVPS | | | 1,949,292 | | | 1,986,886 | | | — | | | 983,605 | | | — | | | — |
BLOK | | | 285,155,030 | | | 285,706,917 | | | 641,889,962 | | | 804,671,315 | | | — | | | — |
AWAY | | | 28,059,324 | | | 34,148,211 | | | 16,254,344 | | | 65,666,057 | | | — | | | — |
MJUS | | | 44,717,450 | | | 38,308,617 | | | 349,814 | | | 234,154 | | | — | | | — |
GAMR | | | 20,999,271 | | | 23,977,430 | | | — | | | 8,615,991 | | | — | | | — |
THNR | | | 1,226,704 | | | 1,169,289 | | | 4,542,489 | | | — | | | — | | | — |
| | | | | | | | | | | | | | | | | | | |
8. TRANSACTIONS WITH AFFILIATED SECURITIES
Investments in issuers considered to be affiliate(s) of the Funds during the year/period ended September 30, 2024 for purposes of Section 2(a)(3) of the 1940 Act were as follows:
| | | | |
Value at September 30, 2023 | | | $132,937,993 |
Purchases at Cost | | | 40,831,391 |
Proceeds from Sales | | | (36,210,872) |
Net Realized (Loss) | | | (14,262,674) |
Change in Unrealized Appreciation/Depreciation | | | (12,161,368) |
Value at September 30, 2024 | | | $111,134,470 |
Shares held at September 30, 2024 | | | 72,636,909 |
Dividend Income | | | $4,555,688 |
| | | | |
| | | | |
Value at October 31, 2023 | | | $2,513,272 |
Purchases at Cost | | | — |
Proceeds from Sales | | | (1,628,010) |
Net Realized Gain | | | 237,649 |
Change in Unrealized Appreciation/Depreciation | | | 402,502 |
Value at September 30, 2024 | | | $1,525,413 |
Shares held at September 30, 2024 | | | 51,378 |
Dividend Income | | | $57,347 |
| | | | |
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Notes to the Financial Statements
September 30, 2024(Continued)
| | | | |
Value at October 31, 2023 | | | $— |
Purchases at Cost | | | 181,955,086 |
Proceeds from Sales | | | (3,293,679) |
Net Realized Gain | | | 4,479 |
Change in Unrealized Appreciation/Depreciation | | | (172,863) |
Value at September 30, 2024 | | | $178,493,023 |
Shares held at September 30, 2024 | | | 1,781,012 |
Dividend Income | | | $4,501,703 |
| | | | |
| | | | |
Value at October 31, 2023 | | | $— |
Purchases at Cost | | | 1,383,312 |
Proceeds from Sales | | | — |
Net Realized Gain (Loss) | | | — |
Change in Unrealized Appreciation/Depreciation | | | (276) |
Value at September 30, 2024 | | | $1,383,036 |
Shares held at September 30, 2024 | | | 13,800 |
Dividend Income | | | $— |
| | | | |
9. FEDERAL INCOME TAXES
As of and during the year/period ended September 30, 2024, the Funds did not have any tax positions that did not meet the “more-likely-than-not” threshold of being sustained by the applicable tax authority. As of and during the year/period ended September 30, 2024, the Funds did not have liabilities for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits on uncertain tax positions as income tax expense in the Statements of Operations. During the year/period ended September 30, 2024, the Funds did not incur any interest or penalties.
The tax composition of distributions paid during the period/year ended September 30, 2024 for the Funds was as follows:
| | | | | | | | | | |
AIEQ | | | $761,524 | | | $— | | | $— |
MJ | | | 20,532,956 | | | — | | | 2,852,668 |
SWAN | | | 5,212,897 | | | — | | | — |
ISWN | | | 1,144,842 | | | — | | | — |
QSWN | | | 70,933 | | | — | | | — |
ITEQ | | | — | | | — | | | — |
COWS | | | 260,749 | | | — | | | — |
HCOW | | | 28,309 | | | — | | | 179,023 |
DIVO | | | 125,839,017 | | | 14,745,670 | | | — |
QDVO | | | 27,703 | | | — | | | 31,820 |
IDVO | | | 2,734,332 | | | — | | | 3,190,333 |
HACK | | | 3,564,023 | | | — | | | — |
ETHO | | | 2,183,651 | | | — | | | 82,109 |
IVES | | | 6,153 | | | — | | | — |
YYY | | | 35,057,043 | | | — | | | 14,916,957 |
SILJ | | | 60,499 | | | — | | | — |
| | | | | | | | | | |
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Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | |
BATT | | | $3,657,984 | | | $— | | | $— |
IPAY | | | 416,255 | | | — | | | — |
NDIV | | | 483,774 | | | — | | | 188,984 |
IBUY | | | — | | | — | | | — |
SOFR | | | 7,066,684 | | | — | | | — |
CNBS | | | — | | | — | | | — |
MVPS | | | — | | | — | | | — |
BLOK | | | 12,491,001 | | | — | | | — |
AWAY | | | 238,899 | | | — | | | 13,494 |
MJUS | | | — | | | — | | | 4,743,152 |
GAMR | | | 32,197 | | | — | | | — |
THNR | | | — | | | — | | | — |
| | | | | | | | | | |
The tax composition of distributions paid during the year/period ended October 31, 2023 for the Funds was as follows:
| | | | | | | | | | |
SWAN | | | $6,977,010 | | | $ — | | | $— |
ISWN | | | 1,056,161 | | | — | | | — |
QSWN | | | 68,651 | | | — | | | — |
COWS | | | 6,480 | | | — | | | — |
HCOW | | | 20,026 | | | — | | | — |
DIVO | | | 60,061,554 | | | — | | | 72,626,691 |
IDVO | | | 866,121 | | | — | | | 583,515 |
YYY | | | 32,823,110 | | | — | | | 10,544,890 |
BATT | | | 6,037,095 | | | — | | | — |
NDIV | | | 365,917 | | | — | | | 129,309 |
IBUY | | | — | | | — | | | — |
CNBS | | | — | | | — | | | — |
MVPS | | | — | | | — | | | — |
BLOK | | | — | | | — | | | — |
| | | | | | | | | | |
The tax composition of distributions paid during the year/period ended October 31, 2022 for the Funds was as follows:
| | | | | | | | | | |
SWAN | | | $23,594,215 | | | $ 26,156,250 | | | — |
ISWN | | | 704,129 | | | — | | | — |
QSWN | | | 28,429 | | | — | | | — |
COWS | | | — | | | — | | | — |
HCOW | | | — | | | — | | | — |
DIVO | | | 22,060,258 | | | 10,602,302 | | | 33,000,810 |
IDVO | | | 5,879 | | | — | | | 12,496 |
YYY | | | 23,924,398 | | | — | | | 13,017,602 |
BATT | | | 5,449,017 | | | — | | | — |
NDIV | | | 8,953 | | | — | | | 848 |
IBUY | | | — | | | — | | | — |
CNBS | | | 960 | | | — | | | — |
MVPS | | | — | | | 378 | | | — |
BLOK | | | 167,906,335 | | | — | | | — |
| | | | | | | | | | |
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Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
The tax composition of distributions paid during the year ended September 30, 2023 for the Funds was as follows:
| | | | | | | | | | |
AIEQ | | | $1,342,664 | | | $ — | | | $ — |
MJ | | | 8,926,095 | | | — | | | — |
ITEQ | | | — | | | — | | | — |
HACK | | | 3,006,286 | | | — | | | — |
ETHO | | | 2,120,978 | | | — | | | — |
IVES | | | — | | | — | | | — |
SILJ | | | 380,891 | | | — | | | — |
IPAY | | | — | | | — | | | — |
AWAY | | | — | | | — | | | — |
MJUS | | | — | | | — | | | — |
GAMR | | | — | | | — | | | — |
| | | | | | | | | | |
The Funds intend to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute substantially all taxable income and capital gains to shareholders. Therefore, no federal income or excise tax provision has been made.
The cost basis of investments and distributable earnings (accumulated deficit) for federal income tax purposes as of September 30, 2024 was as follows:
| | | | | | | | | | | | | | | | |
Tax cost of investments | | | $107,677,221 | | | $349,982,964 | | | $266,823,636 | | | $35,302,329 | | | $2,521,204 |
Gross tax unrealized appreciation | | | 19,700 | | | 19,445,283 | | | 23,312,467 | | | 2,417,669 | | | 214,693 |
Gross tax unrealized depreciation | | | (502,863) | | | (108,638,689) | | | (1,411,289) | | | (55,415) | | | (1,659) |
Net tax unrealized appreciation (depreciation) | | | (483,163) | | | (89,193,406) | | | 21,901,178 | | | 2,362,254 | | | 213,034 |
Undistributed ordinary income | | | 34,780 | | | — | | | — | | | — | | | 3 |
Undistributed long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Total accumulated gain | | | 34,780 | | | — | | | — | | | — | | | 3 |
Other accumulated gain (loss) | | | (35,595,252) | | | (1,783,935,389) | | | (101,345,887) | | | (11,974,561) | | | (405,280) |
Distributable earnings/(accumulated deficit) | | | $(36,043,635) | | | $(1,873,128,795) | | | $(79,444,709) | | | $(9,612,307) | | | $(192,243) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Tax cost of investments | | | $110,857,728 | | | $17,813,715 | | | $1,286,678 | | | $3,073,070,753 | | | $10,019,051 |
Gross tax unrealized appreciation | | | 15,166,666 | | | 919,321 | | | 241,369 | | | 581,387,195 | | | 357,333 |
Gross tax unrealized depreciation | | | (35,862,371) | | | (630,849) | | | — | | | (30,967,859) | | | (119,250) |
Net tax unrealized appreciation (depreciation) | | | (20,695,705) | | | 288,472 | | | 241,369 | | | 550,419,336 | | | 238,083 |
Undistributed ordinary income | | | 10,561 | | | 24,718 | | | — | | | 865,218 | | | — |
Undistributed long-term capital gain | | | — | | | 17,562 | | | — | | | — | | | — |
Total accumulated gain | | | 10,561 | | | 42,280 | | | — | | | 865,218 | | | — |
Other accumulated gain (loss) | | | (38,427,679) | | | — | | | (167,146) | | | (804,824) | | | (3,840) |
Distributable earnings/(accumulated deficit) | | | $(59,112,823) | | | $330,752 | | | $74,223 | | | $550,479,730 | | | $234,243 |
| | | | | | | | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | | | | | | | |
Tax cost of investments | | | $137,859,227 | | | $1,559,033,928 | | | $182,870,431 | | | $27,316,584 | | | $521,698,541 |
Gross tax unrealized appreciation | | | 16,828,768 | | | 344,122,448 | | | 26,628,898 | | | 5,579,183 | | | 24,585,292 |
Gross tax unrealized depreciation | | | (3,132,578) | | | (148,442,101) | | | (16,085,907) | | | (5,408,569) | | | (8,972,652) |
Net tax unrealized appreciation (depreciation) | | | 13,696,190 | | | 195,680,347 | | | 10,542,991 | | | 170,614 | | | 15,612,640 |
Undistributed ordinary income | | | — | | | 7,296 | | | — | | | — | | | — |
Undistributed long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Total accumulated gain | | | — | | | 7,296 | | | — | | | — | | | — |
Other accumulated gain (loss) | | | (2,451,676) | | | (316,558,104) | | | (28,552,923) | | | (13,563,596) | | | (95,576,531) |
Distributable earnings/(accumulated deficit) | | | $11,244,514 | | | $(120,870,461) | | | $(18,009,932) | | | $(13,392,982) | | | $(79,963,891) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Tax cost of investments | | | $917,122,139 | | | $121,869,454 | | | $348,740,870 | | | $14,480,001 | | | $211,178,681 |
Gross tax unrealized appreciation | | | 301,627,943 | | | 10,576,382 | | | 49,237,391 | | | 1,164,714 | | | 34,467,210 |
Gross tax unrealized depreciation | | | (147,209,082) | | | (35,674,464) | | | (97,614,636) | | | (801,340) | | | (80,530,898) |
Net tax unrealized appreciation (depreciation) | | | 154,418,861 | | | (25,098,082) | | | (48,377,245) | | | 363,374 | | | (46,063,688) |
Undistributed ordinary income | | | 42,547,096 | | | 1,725,243 | | | 2,433,538 | | | — | | | — |
Undistributed long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Total accumulated gain | | | 42,547,096 | | | 1,725,243 | | | 2,433,538 | | | — | | | — |
Other accumulated gain (loss) | | | (408,101,073) | | | (97,242,003) | | | (292,582,204) | | | (396,487) | | | (377,675,699) |
Distributable earnings/(accumulated deficit) | | | $(211,135,116) | | | $(120,614,842) | | | $(338,525,911) | | | $(33,113) | | | $(423,739,387) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Tax cost of investments | | | $242,405,284 | | | $88,295,156 | | | $2,254,614 | | | $914,321,731 | | | $84,631,057 |
Gross tax unrealized appreciation | | | — | | | 843,082 | | | 402,799 | | | 137,457,564 | | | 6,394,287 |
Gross tax unrealized depreciation | | | — | | | (70,368,368) | | | (435,039) | | | (281,875,972) | | | (25,447,175) |
Net tax unrealized appreciation (depreciation) | | | — | | | (69,525,286) | | | (32,240) | | | (144,418,408) | | | (19,052,888) |
Undistributed ordinary income | | | — | | | 5,578,775 | | | — | | | 49,345,165 | | | — |
Undistributed long-term capital gain | | | — | | | — | | | — | | | — | | | — |
Total accumulated gain | | | — | | | 5,578,775 | | | — | | | 49,345,165 | | | — |
Other accumulated gain (loss) | | | — | | | (38,527,905) | | | (3,230,336) | | | (432,383,326) | | | (131,568,133) |
Distributable earnings/(accumulated deficit) | | | $— | | | $(102,474,416) | | | $(3,262,576) | | | $(527,456,569) | | | $(150,621,021) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | |
Tax cost of investments | | | $125,569,838 | | | $40,137,672 | | | $4,693,329 |
Gross tax unrealized appreciation | | | 3,382,322 | | | 8,426,347 | | | 283,060 |
Gross tax unrealized depreciation | | | (13,904,061) | | | (8,348,711) | | | (186,183) |
Net tax unrealized appreciation (depreciation) | | | (10,521,739) | | | 77,636 | | | 96,877 |
Undistributed ordinary income | | | — | | | 227,895 | | | 36,530 |
Undistributed long-term capital gain | | | — | | | — | | | — |
Total accumulated gain | | | — | | | 227,895 | | | 36,530 |
Other accumulated gain (loss) | | | (20,265,498) | | | (49,174,920) | | | (9) |
Distributable earnings/(accumulated deficit) | | | $(30,787,237) | | | $(48,869,389) | | | $133,398 |
| | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
The difference between book and tax-basis cost is attributable to the deferral on wash sales, passive foreign investment companies, deferral on straddles and Swap mark-to-market, and partnership basis adjustments.
At September 30, 2024, the Funds deferred, on a tax basis, late year ordinary losses of:
| | | | |
AIEQ | | | $— |
MJ | | | — |
SWAN | | | — |
ISWN | | | — |
QSWN | | | — |
ITEQ | | | — |
COWS | | | — |
HCOW | | | 167,146 |
DIVO | | | — |
QDVO | | | — |
IDVO | | | — |
HACK | | | — |
ETHO | | | — |
IVES | | | 10,177 |
YYY | | | — |
SILJ | | | — |
BATT | | | — |
IPAY | | | — |
NDIV | | | — |
IBUY | | | 63,677 |
SOFR | | | — |
CNBS | | | — |
MVPS | | | 707 |
BLOK | | | — |
AWAY | | | — |
MJUS | | | — |
GAMR | | | — |
THNR | | | — |
| | | | |
At September 30, 2024, the Funds had the following capital loss carryforwards:
| | | | | | | | | | |
AIEQ | | | $(35,595,252) | | | — | | | Unlimited |
MJ | | | (427,572,131) | | | (1,356,363,690) | | | Unlimited |
SWAN | | | (96,591,721) | | | (4,754,165) | | | Unlimited |
ISWN | | | (10,890,946) | | | (1,083,615) | | | Unlimited |
QSWN | | | (405,280) | | | — | | | Unlimited |
ITEQ | | | (11,944,385) | | | (26,483,360) | | | Unlimited |
COWS | | | — | | | — | | | Unlimited |
HCOW | | | — | | | — | | | Unlimited |
DIVO | | | — | | | — | | | Unlimited |
QDVO | | | — | | | — | | | Unlimited |
IDVO | | | (2,138,452) | | | (193,256) | | | Unlimited |
HACK | | | (147,878,879) | | | (168,679,552) | | | Unlimited |
ETHO | | | (9,800,189) | | | (18,752,734) | | | Unlimited |
| | | | | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
| | | | | | | | | | |
IVES | | | $(2,024,127) | | | (11,529,136) | | | Unlimited |
YYY | | | (25,400,154) | | | (70,176,377) | | | Unlimited |
SILJ | | | (151,371,386) | | | (256,729,687) | | | Unlimited |
BATT | | | (35,492,200) | | | (61,755,501) | | | Unlimited |
IPAY | | | (75,826,028) | | | (216,756,042) | | | Unlimited |
NDIV | | | (338,274) | | | (58,198) | | | Unlimited |
IBUY | | | (122,498,200) | | | (255,114,107) | | | Unlimited |
SOFR | | | — | | | — | | | Unlimited |
CNBS | | | (7,384,946) | | | (31,142,959) | | | Unlimited |
MVPS | | | (1,694,399) | | | (1,535,230) | | | Unlimited |
BLOK | | | (158,575,901) | | | (273,814,076) | | | Unlimited |
AWAY | | | (58,115,078) | | | (73,453,222) | | | Unlimited |
MJUS | | | (16,656,038) | | | (3,609,460) | | | Unlimited |
GAMR | | | (17,716,441) | | | (31,458,389) | | | Unlimited |
THNR | | | — | | | — | | | Unlimited |
| | | | | | | | | | |
Additionally, U.S. GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. The permanent differences primarily relate to net operating losses, prior year return of capital true ups, and redemption in-kind transactions. For the year/period ended September 30, 2024 the following table shows the reclassifications made:
| | | | | | | |
AIEQ | | | $(4,178,360) | | | $4,178,360 |
MJ | | | (7,565,266) | | | 7,565,266 |
SWAN | | | 101 | | | (101) |
ISWN | | | 86 | | | (86) |
QSWN | | | — | | | — |
ITEQ | | | (3,917,456) | | | 3,917,456 |
COWS | | | (1,534,462) | | | 1,534,462 |
HCOW | | | (224,491) | | | 224,491 |
DIVO | | | (22,240,582) | | | 22,240,582 |
QDVO | | | — | | | — |
IDVO | | | (1,143,174) | | | 1,143,174 |
HACK | | | (180,231,495) | | | 180,231,495 |
ETHO | | | (26,085,582) | | | 26,085,582 |
IVES | | | (4,552,301) | | | 4,552,301 |
YYY | | | (1,353,264) | | | 1,353,264 |
SILJ | | | (1,258,882) | | | 1,258,882 |
BATT | | | 956,379 | | | (956,379) |
IPAY | | | (2,866,535) | | | 2,866,535 |
NDIV | | | (850,921) | | | 850,921 |
IBUY | | | (12,293,905) | | | 12,293,905 |
SOFR | | | 73,489 | | | (73,489) |
CNBS | | | 2,241,329 | | | (2,241,329) |
MVPS | | | 17,496 | | | (17,496) |
BLOK | | | (144,728,342) | | | 144,728,342 |
AWAY | | | (5,506,109) | | | 5,506,109 |
MJUS | | | 15,859,089 | | | (15,859,089) |
GAMR | | | (1,222,002) | | | 1,222,002 |
THNR | | | — | | | — |
| | | | | | | |
TABLE OF CONTENTS
Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
During the year/period ended September 30, 2024, the Funds realized the following net capital gains (losses) resulting from in-kind redemptions, in which shareholders exchanged Fund shares for securities held by the Funds rather than for cash. Because such gains (losses) are not taxable to the Funds, and gains are not distributed to shareholders, they have been reclassified from total distributable earnings (accumulated deficit) to paid-in capital.
| | | | |
AIEQ | | | $4,178,360 |
MJ | | | (7,986,090) |
SWAN | | | — |
ISWN | | | — |
QSWN | | | — |
ITEQ | | | 3,917,456 |
COWS | | | 1,534,462 |
HCOW | | | 224,491 |
DIVO | | | 22,240,582 |
QDVO | | | — |
IDVO | | | 1,143,174 |
HACK | | | 180,231,495 |
ETHO | | | 26,128,537 |
IVES | | | 4,567,458 |
YYY | | | 1,353,264 |
SILJ | | | 1,258,882 |
BATT | | | (956,379) |
IPAY | | | 2,866,535 |
NDIV | | | 850,921 |
IBUY | | | 12,490,381 |
SOFR | | | — |
CNBS | | | (2,242,374) |
MVPS | | | (17,601) |
BLOK | | | 144,728,342 |
AWAY | | | 5,506,109 |
MJUS | | | (64,162) |
GAMR | | | 1,222,002 |
THNR | | | — |
| | | | |
10. CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
As a result of the Reorganization of the ETF Mangers Trust (the “Trust”) after the close of business on January 26, 2024, there was a change in accountants from Withum Smith + Brown, PC, the Predecessor Fund’s independent registered public accounting firm, to Cohen & Company, Ltd., the independent registered public accounting firm that the Board selected for the Fund at a meeting held on June 16, 2023, upon the recommendation of the Trust’s Audit Committee.
The audited reports by Withum Smith + Brown, PC on the financial statements of the Predecessor Fund as of and for the fiscal year ended September 30, 2023, did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the fiscal year ended September 30, 2023 and the subsequent interim period through January 26, 2024, (i) the Predecessor Fund did not (a) consult with Cohen & Company, Ltd. as to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the financial statements or (b) receive a written report or oral advice that Cohen & Company, Ltd. concluded was an important factor considered in reaching a decision as to such accounting, auditing, or financial reporting issue; and (ii)
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Amplify ETF Trust
Notes to the Financial Statements
September 30, 2024(Continued)
the Predecessor Fund did not consult Cohen & Company, Ltd. on any matter that was either the subject of a “disagreement” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
11. LITIGATION PROCEEDS
The Fund was reorganized on or about January 29, 2024 from the ETFMG Alternative Harvest ETF (the “Predecessor Fund”), a series of the ETF Managers Trust, into Amplify ETF Trust. The Fund received a payment from the SEC resulting from an SEC Order (https://www.sec.gov/files/litigation/admin/2023/34-98034.pdf) (the “Fair Fund”) for certain affiliates of the Predecessor Fund to pay civil money penalties. Payments received from the Fair Fund were transferred to the Amplify Alternative Harvest ETF.
12. SUBSEQUENT EVENTS
The Funds have evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. The evaluation did not result in any subsequent events that necessitated disclosure and/or adjustment other than the below:
On October 3, 2024, IPAY changed its name to Amplify Digital Payments ETF.
On October 21, 2024, IVES changed its name to Amplify Bloomberg AI Value Chain ETF, its ticker to AIVC, and its investment objective to seek investment results that generally correlate (before fees and expenses) to the total return performance of the Bloomberg AI Value Chain Index. Additionally, IVES changed its management fee to an annual rate of 0.59% to average daily net assets.
Effective on or about January 28, 2025, HCOW will change its name to Amplify COWS Covered Call ETF and its investment objective to invest at least 80% of net assets (plus borrowings for investment purposes) in the securities (the “Equity Securities”) that comprise the Amplify Cash Flow Dividend Leaders ETF and written call options contracts that reference the Equity Securities.
Effective on or about January 28, 2025, CNBS will change its Sub-Adviser from Penserra & SAM to Tidal & SAM and will change its investment objective to invest at least 80% of its net assets (plus borrowings for investment purposes) in the securities of U.S. companies that derive 50% or more of their revenue from the cannabis and hemp ecosystem and in derivatives that have economic characteristics similar to such securities.
Effective on or about January 28, 2025, GAMR will change its name to Amplify Video Game Leaders ETF and its investment objective to seek investment results that generally correlate (before fees and expenses) to the total return performance of the VettaFi Video Game Leaders Index.
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees of
Amplify ETF Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, options written (as applicable), and total return swaps (as applicable), of Amplify ETF Trust comprising the funds listed below (the “Funds”) as of September 30, 2024, the related statements of operations, the statements of changes in net assets, and the financial highlights for each of the periods indicated below, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of September 30, 2024, the results of their operations, the changes in net assets, and the financial highlights for each of the periods indicated below in conformity with accounting principles generally accepted in the United States of America.
| | | | | | | | | | |
Amplify High Income ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023, 2022, 2021, and 2020, and the period from January 1, 2019
through October 31, 2019 |
Amplify Online Retail ETF, Amplify CWP Enhanced Dividend Income ETF, Amplify Transformational Data Sharing ETF, and Amplify Lithium & Battery Technology ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023, 2022, 2021, 2020, and 2019 |
Amplify BlackSwan Growth & Treasury Core ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023, 2022, 2021, and 2020, and the period from November 5, 2018 (commencement of operations) through October 31, 2019 |
Amplify Seymour Cannabis ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023, 2022, 2021, and 2020, and the period from July 22, 2019 (commencement of operations) through October 31, 2019 |
| | | | | | | | | | |
TABLE OF CONTENTS
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM(Continued)
| | | | | | | | | | |
Amplify BlackSwan ISWN ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023 and 2022, and the period from January 25, 2021 (commencement of operations) through October 31, 2021 |
Amplify Thematic All-Stars ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024 and years ended October 31, 2023 and 2022 | | | For the period ended November 1, 2023 through September 30, 2024, the years ended October 31, 2023 and 2022, and the period from July 20, 2021 (commencement of operations) through October 31, 2021 |
Amplify BlackSwan Tech & Treasury ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024, the year ended October 31, 2023, and the period from December 8, 2021 (commencement of operations) through October 31, 2022 |
Amplify Natural Resources Dividend Income ETF | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024, the year ended October 31, 2023, and the period from August 23, 2022 (commencement of operations) through October 31, 2022 |
Amplify CWP International Enhanced Dividend Income ETF (formerly known as Amplify International Enhanced Dividend Income ETF) | | | For the period from November 1, 2023 through September 30, 2024 and the year ended October 31, 2023 | | | For the period from November 1, 2023 through September 30, 2024, the year ended October 31, 2023, and the period from September 7, 2022 (commencement of operations) through October 31, 2022 |
Amplify Cash Flow Dividend Leaders ETF | | | For the period from November 1, 2023 through September 30, 2024 and the period from September 12, 2023 (commencement of operations) through October 31, 2023 |
Amplify Cash Flow High Income ETF | | | For the period from November 1, 2023 through September 30, 2024 and the period from September 19, 2023 (commencement of operations) through October 31, 2023 |
Amplify Samsung SOFR ETF | | | For the period from November 14, 2023 (commencement of operations) through September 30, 2024 |
Amplify Weight Loss Drug & Treatment ETF | | | For the period from May 20, 2024 (commencement of operations) through September 30, 2024 |
| | | | |
TABLE OF CONTENTS
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM(Continued)
| | | | | | | | | | |
Amplify CWP Growth & Income ETF | | | For the period from August 21, 2024 (commencement of operations)
through September 30, 2024 |
Amplify Junior Silver Miners ETF | | | For the year ended September 30, 2024* |
Amplify Cybersecurity ETF | | | For the year ended September 30, 2024* |
Amplify Mobile Payments ETF | | | For the year ended September 30, 2024* |
Amplify BlueStar Israel Technology ETF | | | For the year ended September 30, 2024* |
Amplify Etho Climate Leadership U.S. ETF | | | For the year ended September 30, 2024* |
Amplify Alternative Harvest ETF | | | For the year ended September 30, 2024* |
Amplify Global Cloud Technology ETF | | | For the year ended September 30, 2024* |
Amplify Video Game Tech ETF | | | For the year ended September 30, 2024* |
Amplify AI Powered Equity ETF | | | For the year ended September 30, 2024* |
Amplify Travel Tech ETF | | | For the year ended September 30, 2024* |
Amplify U.S. Alternative Harvest ETF | | | For the year ended September 30, 2024* |
| | | | |
*
| The Funds’ financial statements and financial highlights for the periods or years ended September 30, 2023, and prior, were audited by other auditors whose report dated November 29, 2023, expressed an unqualified opinion on those financial statements and financial highlights. |
Basis for Opinion
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of September 30, 2024, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the Funds’ auditor since 2015. We have served as the auditor of one or more investment companies advised by Exchange Traded Concepts, LLC since 2012.
COHEN & COMPANY, LTD.
Cleveland, Ohio
November 27, 2024
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Amplify ETF Trust
APPROVAL OF INVESTMENT ADVISORY AGREEMENTS AND BOARD CONSIDERATIONS
(Unaudited)
BOARD CONSIDERATIONS REGARDING APPROVAL OF INVESTMENT MANAGEMENT AGREEMENTS AND SUB-ADVISORY AGREEMENTS
Pursuant to Section 15(c) of the Investment Company Act of 1940 (the “1940 Act”), at a meeting held on
(i) May 14, 2024, the Board of Trustees (the “Board”) of Amplify ETF Trust (the “Trust”) considered the approval of, and approved, the following agreements (collectively, the “Agreements”): an Investment Management Agreement between Amplify Investments LLC (the “Adviser”) and the Trust, on behalf of the Amplify ETF Fund noted below and:
(a) the Investment Sub-Advisory Agreement between the Adviser and Penserra Capital Management LLC (“Penserra”) on behalf of the Amplify ETF Funds noted below:
AMPLIFY WEIGHT LOSS DRUG & TREATMENT ETF (“THNR”)
(b) the Investment Sub-Advisory Agreements between (1) the Adviser and Penserra and (2) the Adviser and Capital Wealth Planning LLC (“CWP”) on behalf of the Amplify ETF Fund noted below:
AMPLIFY CWP GROWTH & INCOME ETF (“QDVO”)
(c) the Investment Sub-Advisory Agreement between the Adviser and Tidal Investments LLC, which was formerly known as Toroso Investments LLC (“Tidal”) on behalf of the Amplify ETF Funds noted below:
AMPLIFY THEMATIC ALL-STARS ETF (“MVPS”)
AMPLIFY NATURAL RESOURCES DIVIDEND ETF (“NDIV”)
(d) the Investment Sub-Advisory Agreements between (1) the Adviser and Penserra; (2) the Adviser and CWP; and the Adviser and Seymour Asset Management LLC (“SAM”) on behalf of the Amplify ETF Fund noted below:
AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF (“IDVO”)
(ii) August 13, 2024, the Board considered the approval of, and approved, the Investment Management Agreement between the Trust and the Adviser and:
(a) the Investment Sub-Advisory Agreement between the Adviser and Penserra on behalf of the Amplify ETF Funds noted below:
AMPLIFY ONLINE RETAIL ETF (“IBUY”)
AMPLIFY HIGH INCOME ETF (“YYY”)
(b) the Investment Sub-Advisory Agreement between (1) the Adviser and Tidal and (2) the Adviser and Cerity Partners, LLC (“Cerity”) on behalf of the Amplify ETF Fund noted below:
AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF (“SWAN”)
AMPLIFY BLACKSWAN ISWN ETF ("ISWN”)
AMPLIFY BLACKSWAN TECH & TREASURY ETF ("QSWN”)
Each of the dates referenced above (May 14, 2024 and August 13, 2024) will be hereinafter referred to as the “Approval Meeting” with respect to the ETF Funds approved on such date.
With respect to THNR, IBUY and YYY, the term “Sub-Adviser” shall mean Penserra. With respect to MVPS and NDIV, the term “Sub-Adviser” shall mean Tidal. With respect to QDVO, the term “Sub-Adviser” shall mean both Penserra and CWP. With respect to SWAN, ISWN and QSWN, the term “Sub-Adviser” shall mean both Tidal and Cerity. With respect to IDVO, the term “Sub-Adviser” shall mean, collectively, Penserra, CWP and SAM.
The Adviser and the Sub-Adviser for THNR and QDVO were originally approved by the Board, and separately by its Independent Trustees, at a meeting held on May 14, 2024 for an initial two-year term.
The Adviser and the Sub-Adviser for MVPS was originally approved by the Board, and separately by its Independent Trustees at a meeting held on June 8, 2021 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for ISWN was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about June 13, 2023 and May 14, 2024.
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APPROVAL OF INVESTMENT ADVISORY AGREEMENTS AND BOARD CONSIDERATIONS
(Unaudited)(Continued)
The Adviser and the Sub-Adviser for NDIV and IDVO were originally approved by the Board, and separately by its Independent Trustees, at a meeting held on June 7, 2022 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for NDIV and IDVO were approved by the Board, and separately by its Independent Trustees, for an additional one year term at meetings held on May 14, 2024.
The Adviser and the Sub-Adviser for IBUY was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about November 7, 2015 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for IBUY was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about September 12, 2017, September 18, 2018, September 17, 2019, September 15, 2020, September 14, 2021, September 13, 2022, September 12, 2023 and August 13, 2024.
The Adviser and the Sub-Adviser for YYY was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about December 11, 2018 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for YYY was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on September 15, 2020, September 14, 2021, September 13, 2022, September 12, 2023 and August 13, 2024.
The Adviser and the Sub-Adviser for SWAN was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about September 18, 2018 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for SWAN was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on October 14, 2018, September 15, 2020, September 14, 2021, September 13, 2022, September 12, 2023 and August 13, 2024.
The Adviser and the Sub-Adviser for ISWN was originally approved by the Board, and separately by its Independent Trustees at a meeting held on December 8, 2020 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for ISWN was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on March 15, 2023, September 12, 2023 and August 13, 2024.
The Adviser and the Sub-Adviser for QSWN was originally approved by the Board, and separately by its Independent Trustees at a meeting held on September 14, 2021 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for ISWN was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about March 15, 2023, September 12, 2023 and August 13, 2024.
Each of the meetings referenced above are hereinafter referred to as the “Review Meetings” for the applicable ETF Fund.
At each of the Review Meetings, the Board, including the Trustees who are not parties to the Agreements or “interested persons” of any party thereto, as defined in the Investment Company Act of 1940, as amended (the “Independent Trustees”) requested and reviewed a wide variety of information from the Adviser and the Sub-Adviser. Prior to the Review Meetings, the Board, including the Independent Trustees, reviewed written materials from the Adviser and the Sub-Adviser regarding, among other things: (i) the nature, extent and quality of the services to be provided to fund shareholders by the Adviser and the Sub-Adviser; (ii) the Adviser and the Sub-Adviser’s costs and profits expected to be realized in providing their services, including any fall-out benefits expected to be enjoyed by the Adviser and the Sub-Adviser and (iii) the existence, or anticipated existence, of economies of scale. After review of the written materials and discussion during the Review Meeting, the Board, including the Independent Trustees in a separate vote, approved the initial two year term for the Adviser and the respective Sub-Adviser for each of the Amplify ETF Funds listed for an additional one year term.
At each of the Approval Meetings, the Board, including the Independent Trustees met to discuss and review the Agreements with respect to each of the Amplify ETF Funds listed herein. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and the Sub-Adviser. Prior to the Approval Meetings, the Board, including the Independent Trustees, reviewed written materials from the Adviser and the Sub-Adviser regarding, among other things: (i) the nature, extent and quality of the services to be provided to fund shareholders by the Adviser and the Sub-Adviser; (ii) the Adviser and the Sub-Adviser’s costs and profits expected to be realized in providing their services, including any fall-out benefits expected to be enjoyed by the Adviser and the Sub-Adviser; and (iii) the existence, or anticipated existence, of economies of scale. At the Approval Meeting,
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APPROVAL OF INVESTMENT ADVISORY AGREEMENTS AND BOARD CONSIDERATIONS
(Unaudited)(Continued)
representatives from the Adviser and the Sub-Adviser, along with other service providers of the applicable Amplify ETF Fund, presented additional oral and written information to help the Board evaluate the Adviser and the Sub-Adviser’s fees and other aspects of the Agreements. Among other things, representatives from the Adviser and the Sub-Adviser provided overviews of their advisory businesses, including investment personnel and investment processes. The representatives also discussed the rationale for launching each of the Amplify ETF Fund listed herein, the relevant Amplify ETF Fund’s fees and fee structures of comparable investment companies. The Board then discussed the written materials that it received before the meeting and the Adviser and Sub-Adviser’s oral presentations and any other information that the Board received at the meeting and deliberated on the approval of the Agreements in light of this information. In its deliberations, the Board did not identify any single piece of information discussed below that was all-important, controlling or determinative of its decision. Thereafter, the Board, including the Independent Trustees in a separate vote, approved the following Amplify ETF Fund products: THNR, QDVO, MVPS, NDIV, IDVO, YYY, IBUY, SWAN, ISWN and QSWN; the retention of the Adviser and each of the Sub-Adviser and their respective Agreements, for an additional one year term.
Nature, Extent and Quality of Services. In evaluating the nature, extent and quality of the Adviser’s services, the Trustees considered information concerning the functions to be performed by the Adviser and the Sub-Adviser and the personnel and resources of the Adviser and Sub-Adviser, including the investment management team that will be responsible for the day-to-day management of the relevant Amplify ETF Fund and the portfolio manager responsible for investing the portfolio of the relevant Amplify ETF Fund. The Trustees also considered statements by the Adviser and Sub-Adviser regarding their respective financial conditions, that each was financially stable and could support its performance of the services under its Agreement. The Trustees also considered the services to be provided by the Adviser in its oversight of the Fund’s service providers.
Based on their review, the Trustees concluded that the nature, extent and quality of the services to be provided by the Adviser and Sub-Adviser to the relevant Amplify ETF Fund listed herein under the respective Agreement were expected to be appropriate and reasonable.
Fees, Expenses and Profitability. The Trustees discussed the information provided by the Adviser on the relevant Amplify ETF Fund’s proposed investment management fee as set forth in the following chart:
| | | | | | | |
THNR | | | AMPLIFY WEIGHT LOSS DRUG & TREATMENT ETF (“THNR”) | | | 0.59 |
QDVO | | | AMPLIFY CWP GROWTH & INCOME ETF (“QDVO”) | | | 0.55 |
MVPS | | | AMPLIFY THEMATIC ALL STARS ETF (“MVPS”) | | | 0.49 |
NDIV | | | AMPLIFY NATURAL RESOURCE DIVIDEND ETF (“NDIV”) | | | 0.59 |
IDVO | | | AMPLIFY INTERNATIONAL ENHANCED DIVIDEND INCOME ETF (“IDVO”) | | | 0.65 |
IBUY | | | AMPLIFY ONLINE RETAIL ETF (“IBUY”) | | | 0.65 |
YYY | | | AMPLIFY YIELDSHARES HIGH INCOME ETF (“YYY”) | | | 0.50 |
SWAN | | | AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF (“SWAN”) | | | 0.49 |
ISWN | | | AMPLIFY INTERNATIONAL BLACKSWAN CORE ETF ("ISWN”) | | | 0.49 |
QSWN | | | AMPLIFY BLACKSWAN TECH & TREASURY ETF ("QSWN”) | | | 0.49 |
| | | | | | | |
The proposed investment management fee was compared to information provided by the Adviser on other similar products. The Trustees also considered that the Adviser and Sub-Adviser had managed the relevant Amplify ETF Fund to the Board's satisfaction over the course of the previous years. The Trustees noted that the proposed annual investment management fee to be charged to the relevant Amplify ETF Fund was a unitary fee, and that the Adviser has agreed to pay all other expenses of the relevant Amplify ETF Fund, including fees payable to the Sub-Adviser, except brokerage commissions and other expenses connected with the execution of portfolio transactions, taxes, interest, distribution and service fees payable pursuant to a 12b-1 Plan, if any, and extraordinary expenses. The Board concluded that the unitary investment management fee to be charged to the relevant Amplify ETF Fund is reasonable and appropriate in light of the services expected to be provided by the Adviser and relevant Sub-Adviser. In conjunction with their review of the unitary investment management fee, the Trustees considered information provided by the Adviser and Sub-Adviser on their costs to be incurred in connection with the proposed Agreement and their estimated profitability and that any profitability would not be excessive. The Trustees concluded that the estimated profits to be realized by the Adviser and the Sub-Adviser with respect to the relevant Amplify ETF Fund appeared to be reasonable.
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APPROVAL OF INVESTMENT ADVISORY AGREEMENTS AND BOARD CONSIDERATIONS
(Unaudited)(Continued)
Economies of Scale and Whether the Fee Level Reflects These Economies of Scale. The Trustees considered the information provided by the Adviser and the Sub-Adviser as to the extent to which economies of scale may be realized as the relevant Amplify ETF Fund grows and whether the fee level reflects economies of scale for the benefit of shareholders. The Trustees noted that any reduction in fixed costs associated with the management of the relevant Amplify ETF Fund would be enjoyed by the Adviser and Sub-Adviser, but that a unitary fee provides a level of certainty in expenses for the relevant Amplify ETF Fund. The Trustees considered whether the proposed advisory fee rate for the relevant Amplify ETF Fund is reasonable in relation to the projected asset size of the relevant Amplify ETF Fund. The Trustees noted the Adviser’s and Sub-Adviser’s views on their expectations for growth, noting that, initially, the Adviser did not anticipate any material economies of scale. The Trustees concluded that the flat investment management fee was reasonable and appropriate.
The Trustees noted that the Adviser and Sub-Adviser had not identified any further benefits that it would derive from its relationship with the relevant Amplify ETF Fund, and had noted that it will not, initially, have any soft dollar arrangements.
Based on all of the information considered and the conclusions reached, the Board, including the Independent Trustees, have determined to approve the Agreements for the relevant Amplify ETF Fund listed herein.
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Additional Information
September 30, 2024
Qualified Dividend Income/Dividends Received Deduction
For the fiscal year/period ended September 30, 2024, certain dividends paid by the Funds may be subject to a maximum tax rate of 23.5%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:
| | | | | | | | | | |
AIEQ | | | 56.25% | | | YYY | | | 13.52% |
MJ | | | 3.79% | | | SILJ | | | 6.96% |
SWAN | | | 0.00% | | | BATT | | | 53.68% |
ISWN | | | 0.00% | | | IPAY | | | 96.06% |
QSWN | | | 0.00% | | | NDIV | | | 100.00% |
ITEQ | | | 0.00% | | | IBUY | | | 0.00% |
COWS | | | 85.30% | | | SOFR | | | 0.00% |
HCOW | | | 97.91% | | | CNBS | | | 0.00% |
DIVO | | | 46.46% | | | MVPS | | | 0.00% |
QDVO | | | 20.99% | | | BLOK | | | 36.49% |
IDVO | | | 100.00% | | | AWAY | | | 100.00% |
HACK | | | 100.00% | | | MJUS | | | 0.00% |
ETHO | | | 100.00% | | | GAMR | | | 92.58% |
IVES | | | 100.00% | | | THNR | | | 0.00% |
| | | | | | | | | | |
For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year/period ended September 30, 2024 was as follows:
| | | | | | | | | | |
AIEQ | | | 56.01% | | | YYY | | | 3.64% |
MJ | | | 1.74% | | | SILJ | | | 0.46% |
SWAN | | | 0.00% | | | BATT | | | 0.81% |
ISWN | | | 0.00% | | | IPAY | | | 94.94% |
QSWN | | | 0.00% | | | NDIV | | | 38.16% |
ITEQ | | | 0.00% | | | IBUY | | | 0.00% |
COWS | | | 86.65% | | | SOFR | | | 0.00% |
HCOW | | | 97.91% | | | CNBS | | | 0.00% |
DIVO | | | 46.51% | | | MVPS | | | 0.00% |
QDVO | | | 20.16% | | | BLOK | | | 21.00% |
IDVO | | | 3.19% | | | AWAY | | | 9.68% |
HACK | | | 100.00% | | | MJUS | | | 0.00% |
ETHO | | | 100.00% | | | GAMR | | | 42.14% |
IVES | | | 100.00% | | | THNR | | | 0.00% |
| | | | | | | | | | |
Short Term Capital Gains
The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under Internal Revenue Section 871(k)(2)(C) for each fund were as follows:
| | | | | | | | | | |
AIEQ | | | 0.00% | | | YYY | | | 0.00% |
MJ | | | 0.00% | | | SILJ | | | 0.00% |
SWAN | | | 0.00% | | | BATT | | | 0.00% |
ISWN | | | 0.00% | | | IPAY | | | 0.00% |
QSWN | | | 0.00% | | | NDIV | | | 0.00% |
ITEQ | | | 0.00% | | | IBUY | | | 0.00% |
| | | | | | | | | | |
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Additional Information
September 30, 2024(Continued)
| | | | | | | | | | |
COWS | | | 0.00% | | | SOFR | | | 0.00% |
HCOW | | | 44.60% | | | CNBS | | | 0.00% |
DIVO | | | 52.75% | | | MVPS | | | 0.00% |
QDVO | | | 84.93% | | | BLOK | | | 0.00% |
IDVO | | | 0.00% | | | AWAY | | | 0.00% |
HACK | | | 0.00% | | | MJUS | | | 0.00% |
ETHO | | | 0.00% | | | GAMR | | | 0.00% |
IVES | | | 0.00% | | | THNR | | | 0.00% |
| | | | | | | | | | |
Foreign Tax Credit Pass Through
Pursuant to Section 853 of the Internal Revenue Code, the Fund designates the following amount as foreign taxes paid for the year/period ended September 30, 2024. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.
| | | | | | | | | | |
ITEQ | | | $60,797 | | | $0.2250 | | | 91.91% |
IDVO | | | 197,360 | | | 0.7109 | | | 97.16% |
IVES | | | 10,842 | | | 0.2701 | | | 85.01% |
SILJ | | | 609,482 | | | 0.0557 | | | 94.52% |
BATT | | | 76,032 | | | 0.1563 | | | 97.85% |
AWAY | | | 26,883 | | | 0.2725 | | | 100.00% |
GAMR | | | 41,597 | | | 0.5009 | | | 81.45% |
THNR | | | 984 | | | 0.0547 | | | 59.75% |
| | | | | | | | | | |
Foreign taxes paid or withheld should be included in taxable income with an offsetting deduction from gross income or as a credit for taxes paid to foreign governments.
Above figures may differ from those cited elsewhere in this report due to difference in the calculation of income and gains under GAAP purposes and Internal Revenue Service purposes.
Shareholders are strongly advised to consult their own tax advisers with respect to the tax consequences of their investments in the Funds.
Principal Risks
AGRICULTURE COMPANIES RISK (NDIV)
Economic forces, including forces affecting agricultural markets, as well as government policies and regulations affecting agriculture companies, could adversely impact the Fund’s investments. Agricultural and livestock production, profitability and trade flows are significantly affected by government policies and regulations. In addition, companies in the agriculture sector must comply with a broad range of environmental laws and regulations.
BITCOIN RISK (BLOK)
Bitcoin is a relatively new financial innovation and the market for bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the network involved in maintaining the ledger of bitcoin ownership and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development of the Bitcoin Network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact bitcoin trading venues. Unlike the exchanges for more traditional assets, such as equity securities and futures contracts, bitcoin and bitcoin trading venues are largely unregulated. As a result of the lack of regulation, individuals or groups may engage in fraud or market manipulation and investors may be more exposed to the risk of theft, fraud and
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Additional Information
September 30, 2024(Continued)
market manipulation than when investing in more traditional asset classes. Legal or regulatory changes may negatively impact the operation of the Bitcoin Network or restrict the use of bitcoin. The realization of any of these risks could result in a decline in the acceptance of bitcoin and consequently a reduction in the value of bitcoin, bitcoin futures, and the Fund. Even when held indirectly, investment vehicles may be affected by the high volatility associated with cryptocurrency exposure. Holding a privately offered investment vehicle in its portfolio may cause the Fund to trade at a premium or discount to NAV.
BIOTECHNOLOGY COMPANIES RISK (CNBS, MJ, and MJUS)
A biotechnology company’s valuation can often be based largely on the potential or actual performance of a limited number of products and can accordingly be greatly affected if one of its products proves, among other things, unsafe, ineffective or unprofitable. Biotechnology companies are subject to regulation by, and the restrictions of, the FDA, the U.S. Environmental Protection Agency, state and local governments, and non-U.S. regulatory authorities.
BLOCKCHAIN INVESTMENTS RISK (BLOK)
An investment in companies actively engaged in blockchain technology may be subject to risks associated with this relative new technology, including, but not limited to theft, loss or destruction, cyber security incidents, developmental risk intellectual property claims, lack of liquid markets, and possible manipulation of blockchain-based assets, uncertain regulatory environment, third party product defects or vulnerabilities and reliance on the Internet.
CANNABIS INDUSTRY RISK (CNBS, MJ, and MJUS)
Companies involved in the cannabis industry face competition, may have limited access to the services of banks, may have substantial burdens on company resources due to litigation, complaints or enforcement actions, and are heavily dependent on receiving necessary permits and authorizations to engage in medical cannabis research or to otherwise cultivate, possess or distribute cannabis. Since the use of cannabis is illegal under U.S. federal law, federally regulated banking institutions may be unwilling to make financial services available to growers and sellers of cannabis.
CHEMICALS INDUSTRY RISK (NDIV)
The chemicals industry includes companies that manufacture and produce industrial and basic chemicals (e.g., plastics, synthetic fibers and films), fertilizers, pesticides and other agricultural chemicals, industrial gases, specialty chemicals (e.g., advanced polymers and adhesives) and other diversified chemicals. The prices of securities of companies in the chemicals industry may fluctuate widely due to intense competition, product obsolescence, and raw materials prices. In addition, companies in the chemicals industry may be subject to risks associated with the production, handling and disposal of hazardous chemicals Legislative or regulatory changes and increased government supervisions may also affect companies in the chemicals industry.
CHINA RISK (BATT)
China is an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. The central government has historically exercised substantial control over virtually every sector of the Chinese economy through administrative regulation and/or state ownership and actions of the Chinese central and local government authorities continue to have a substantial effect on economic conditions in China. Furthermore, China’s economy is dependent on the economies of other Asian countries and can be significantly affected by currency fluctuations and increasing competition from Asia’s other emerging economies. China has experienced security concerns, such as terrorism and strained international relations. Incidents involving China’s or the region’s security may cause uncertainty in Chinese markets and may adversely affect the Chinese economy and the value of the Fund’s investments. Export growth continues to be a major driver of China’s rapid economic growth. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers, or a downturn in any of the economies of China’s key trading partners may have an adverse impact on the Chinese economy. Recent developments in relations between the U.S. and China have heightened concerns of increased tariffs and restrictions on trade between the two countries. China has experienced outbreaks of infectious illnesses, and the country may be subject to other public health threats, infectious illnesses, diseases or similar issues in the future, which could reduce consumer demand or economic output, result in market closures, travel restrictions or quarantines, and generally have a significant impact on the Chinese economy, which in turn could adversely affect the Fund’s investments.
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Additional Information
September 30, 2024(Continued)
CLOUD TECHNOLOGY COMPANY RISK (IVES)
Cloud Technology Companies may have limited product lines, markets, financial resources or personnel. These companies typically face intense competition and potentially rapid product obsolescence. In addition, many Cloud Technology Companies store sensitive consumer information and could be the target of cybersecurity attacks and other types of theft, which could have a negative impact on these companies. As a result, Cloud Technology Companies may be adversely impacted by government regulations, and may be subject to additional regulatory oversight with regard to privacy concerns and cybersecurity risk. These companies are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. Cloud computing companies could be negatively impacted by disruptions in service caused by hardware or software failure, or by interruptions or delays in service by third-party data center hosting facilities and maintenance providers. Cloud Technology Companies, especially smaller companies, tend to be more volatile than companies that do not rely heavily on technology. The customers and/or suppliers of Cloud Technology Companies may be concentrated in a particular country, region or industry.
COMMUNICATION SERVICES SECTOR RISK (QSWN)
Communication services companies may be subject to specific risks associated with legislative or regulatory changes, adverse market conditions, intellectual property use and/or increased competition. Communication services companies may also be particularly vulnerable to rapid advancements in technology, the innovation of competitors, rapid product obsolescence and government regulation and competition, both domestically and internationally.
CONCENTRATION RISK (AIEQ, COWS, YYY, IBUY, IPAY, ITEQ, IVES, SILJ, MJ, MVPS, and THNR)
To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund will also concentrate its investments to approximately the same extent. The Fund may be susceptible to loss due to adverse occurrences to the extent that the Fund’s investments are concentrated in a particular issuer or issuers, region, market, industry, group of industries, sector or asset class.
CONSUMER DISCRETIONARY COMPANIES RISK (COWS)
Consumer discretionary companies are companies that provide non-essential goods and services, such as retailers, media companies and consumer services. These companies manufacture products and provide discretionary services directly to the consumer, and the success of these companies is tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Success depends heavily on disposable household income and consumer spending. Changes in demographics and consumer tastes can also affect the demand for, and success of, consumer discretionary products in the marketplace.
CONSUMER SERVICES SECTOR RISK (QSWN)
Companies in the consumer services sector may be adversely affected by, among other things, changes in industry competition, consumers’ disposable income and consumer preference. Companies in the consumer services industry are facing increased government and regulatory scrutiny and may be subject to adverse government or regulatory action.
CONSUMER STAPLES SECTOR RISK (DIVO, IBUY, MJ, and MJUS)
Consumer staples companies provide products directly to the consumer that are typically considered non-discretionary items based on consumer purchasing habits. Such products include food, beverages, household items and tobacco. Consumer staples companies may be affected by the regulation of various product components and production methods, new laws, regulations or litigation, marketing campaigns, competitive pricing and other factors affecting consumer demand. Changes in the worldwide economy, demographics, consumer preferences and/or spending, exploration and production spending may adversely affect these companies, as well as natural and man-made disasters, political, social or labor unrest, world events and economic conditions.
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Additional Information
September 30, 2024(Continued)
COUNTERPARTY RISK (BLOK, CNBS, COWS, DIVO, HCOW, SOFR, MJUS, QDVO, and QSWN)
Counterparty risk is the risk an issuer, guarantor or counterparty of a security held by the Fund is unable or unwilling to meet its obligation on the security. Counterparty risk may arise because of the counterparty’s financial condition, market activities, or for other reasons. A counterparty’s inability to fulfill its obligation may result in financial losses to the Fund, which could be significant. The Fund may be unable to recover its investment from the counterparty or may obtain a limited and/or delayed recovery.
COVERED CALL RISK (DIVO, IDVO and QDVO)
Covered call option strategy risk is the risk that the Fund will forgo, during the option contract’s life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but has retained the risk of loss of the underlying security should the price of the underlying security decline. In addition, as the Fund sells (writes) covered call option contracts over more of its portfolio, its ability to benefit from capital appreciation becomes more limited. The writer of an option contract has no control over the time when it may be required to fulfill its obligation as a writer of the option. Once an option writer has received an exercise notice, it cannot affect a closing purchase transaction in order to terminate its obligation under the option and must deliver the underlying security at the exercise price.
CYBER SECURITY RISK
The Fund is susceptible to operational risks through breaches in cyber security. A breach in cyber security refers to both intentional and unintentional events that may cause the Fund to lose proprietary information, suffer data corruption or lose operational capacity. Such events could cause the Fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss. Cyber security breaches may involve unauthorized access to the Fund’s digital information systems through “hacking” or malicious software coding, but may also result from outside attacks such as denial-of-service attacks through efforts to make network services unavailable to intended users. In addition, cyber security breaches of the Fund’s third-party service providers, such as its administrator, transfer agent, custodian, or sub-adviser, as applicable, or issuers in which the Fund invests, can also subject the Fund to many of the same risks associated with direct cyber security breaches.
DERIVATIVES RISK (BATT, BLOK, CNBS, COWS, HCOW, QSWN, SOFR, and SWAN)
The use of derivative instruments, such as options contracts, can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. These risks are heightened when the Fund’s portfolio manager uses derivatives to enhance the Fund’s return or as a substitute for a position or security, rather than to hedge (or offset) the risk of a position or security held by the Fund. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. The Fund enters into option contracts pursuant to Rule 18f-4 under the 1940 Act (“Rule 18f-4”). Rule 18f-4 requires a Fund to implement certain policies and procedures designed to manage its derivatives risks, dependent upon a Fund’s level of exposure to derivative instruments. To the extent the Fund is noncompliant with Rule 18f-4, the Fund may be required to adjust its investment portfolio which may, in turn, negatively impact its implementation of its investment strategies.
DEPOSITARY RECEIPTS RISK (CNBS, DIVO, IBUY, MVPS, NDIV, and THNR)
Depositary receipts may be subject to certain of the risks associated with direct investments in the securities of non-U.S. companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying non-U.S. securities. Certain countries may limit the ability to convert depositary into the underlying non-U.S. securities and vice versa, which may cause the securities of the non-U.S. company to trade at a discount or premium to the market price of the related depositary receipts. Depositary receipts may be purchased through “sponsored” or “unsponsored” facilities. A sponsored facility is established jointly by a depositary and the issuer of the underlying security. A depositary may establish an unsponsored facility without participation by the issuer of the deposited security. Unsponsored receipts may involve higher expenses and may be less liquid. Holders of unsponsored depositary receipts generally bear all the costs of such facilities, and the depositary of
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an unsponsored facility frequently is under no obligation to distribute shareholder communications received from the issuer of the deposited security or to pass through voting rights to the holders of such receipts in respect of the deposited securities.
EMRGING MARKETS RISK (AWAY, BATT, CNBS, GAMR, HACK, IBUY, IDVO IPAY, IVES, NDIV, MVPS, and SILJ)
The Fund may invest in companies located in emerging market countries. Emerging market countries include, but are not limited to, those considered to be developing by the International Monetary Fund, the World Bank, the International Finance Corporation or one of the leading global investment banks. The majority of these countries are likely to be located in Asia, Latin America, the Middle East, Central and Eastern Europe, and Africa. Investments in emerging market issuers are subject to a greater risk of loss than investments in issuers located or operating in more developed markets. This is due to, among other things, the potential for greater market volatility, lower trading volume, higher levels of inflation, political and economic instability, greater risk of a market shutdown and more governmental limitations on foreign investments in emerging market countries than are typically found in more developed markets. Moreover, emerging markets often have less uniformity in accounting and reporting requirements, less reliable securities valuations and greater risks associated with custody of securities than developed markets. In addition, emerging markets often have greater risk of capital controls through such measures as taxes or interest rate control than developed markets. Certain emerging market countries may also lack the infrastructure necessary to attract large amounts of foreign trade and investment.
ENERGY SECTOR RISK (COWS, DIVO, IDVO, and NDIV)
The success of companies in the energy sector may be cyclical and highly dependent on energy prices. The market value of securities issued by energy companies may decline for many reasons, including, but not limited to, changes in the levels and volatility of global energy prices, energy supply and demand, capital expenditures on exploration and production of energy sources, exchange rates, interest rates, economic conditions, tax treatment, energy conservation efforts, increased competition and technological advances. Energy companies may be subject to substantial government regulation and contractual fixed pricing, which may increase the cost of doing business and limit the earnings of these companies. A significant portion of the revenues of energy companies may depend on a relatively small number of customers, including governmental entities and utilities. As a result, governmental budget constraints may have a material adverse effect on the stock prices of energy companies. Energy companies also face a significant risk of liability from accidents resulting in injury or loss of life or property, pollution or other environmental problems, equipment malfunctions or mishandling of materials and a risk of loss from terrorism, political strife or natural disasters.
EQUITY SECURITIES RISK (CNBS, COWS, DIVO, HCOW, IBUY, IDVO NDIV, QDVO, and THNR)
The value of the Shares will fluctuate with changes in the value of the equity securities in which the Fund invests. Prices of equity securities fluctuate for several reasons, including changes in investors’ perceptions of the financial condition of an issuer or the general condition of the relevant stock market, such as the current market volatility, or when political or economic events affecting the issuers occur.
FINANCIAL COMPANIES RISK (BLOK, COWS, DIVO, and IDVO)
Financial companies, such as retail and commercial banks, insurance companies and financial services companies, are especially subject to the adverse effects of economic recession, currency exchange rates, extensive government regulation, decreases in the availability of capital, volatile interest rates, portfolio concentrations in geographic markets, industries or products (such as commercial and residential real estate loans) and competition from new entrants and blurred distinctions in their fields of business.
FOREIGN INVESTMENT RISK
Securities issued by Non-U.S. companies present risks beyond those of securities of U.S. issuers. Risks of investing in the securities of foreign companies include: different accounting standards; expropriation, nationalization or other adverse political or economic developments; currency devaluation, blockages or transfer restrictions; changes in foreign currency exchange rates; taxes; restrictions on foreign investments and exchange of securities; and less government supervision and regulation of issuers in foreign countries. Prices of foreign securities also may be more volatile.
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FUND OF FUNDS RISK (YYY)
Because the Fund is a fund of funds, its investment performance largely depends on the investment performance of the Underlying Funds in which it invests. An investment in the Fund is subject to the risks associated with the Underlying Funds that comprise the Index. The Fund will pay indirectly a proportional share of the fees and expenses of the Underlying Funds in which it invests, including their investment advisory and administration fees, in addition to its own fees and expenses. In addition, at times certain segments of the market represented by constituent Underlying Funds may be out of favor and underperform other segments.
FUTURES CONTRACT RISK (BLOK)
Risks of futures contracts include: (i) an imperfect correlation between the value of the futures contract and the underlying asset; (ii) possible lack of a liquid secondary market; (iii) the inability to close a futures contract when desired; (iv) losses caused by unanticipated market movements, which may be unlimited; (v) an obligation for the Fund to make daily cash payments to maintain its required margin, particularly at times when the Fund may have insufficient cash; and (vi) unfavorable execution prices from rapid selling. Unlike equities, which typically entitle the holder to a continuing stake in a corporation, futures contracts normally specify a certain date for settlement in cash based on the reference asset. As the futures contracts approach expiration, they may be replaced by similar contracts that have a later expiration. This process is referred to as “rolling.” If the market for these contracts is in “contango,” meaning that the prices of futures contracts in the nearer months are lower than the price of contracts in the distant months, the sale of the near-term month contract would be at a lower price than the longer-term contract, resulting in a cost to “roll” the futures contract. The actual realization of a potential roll cost will be dependent upon the difference in price of the near and distant contract.
GROWTH STOCKS RISK (QDVO)
Growth stocks tend to be more volatile than certain other types of stocks and their prices usually fluctuate more dramatically than the overall stock market. A stock with growth characteristics can have sharp price declines due to decreases in current or expected earnings and may lack dividend payments that can help cushion its share price during declining markets. The growth style may, over time, go in and out of favor. At times when the growth investing style is out of favor, funds that invest in growth stocks may underperform other equity funds that employ different investment styles.
HEALTH CARE COMPANIES RISK (CNBS, MJ, and MJUS)
Health care companies are subject to extensive government regulation and their profitability can be significantly affected by restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure (including price discounting), limited product lines, and an increased emphasis on the delivery of healthcare through outpatient services. Health care companies are heavily dependent on obtaining and defending patents, which may be time consuming and costly, and the expiration of patents may also adversely affect the profitability of the companies. Health care companies are also subject to extensive litigation based on product liability and similar claims. In addition, their products can become obsolete due to industry innovation, changes in technologies, or other market developments. Many new products in the health care field require significant research and development and may be subject to regulatory approvals, all of which may be time consuming and costly with no guarantee that any product will come to market.
INFLATION RISK
Inflation risk is the risk that the value of the Fund’s assets or income from investments held by the Fund will be less in the future since inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets can decline as can the value of the Fund’s distributions.
INFORMATION TECHNOLOGY COMPANIES RISK (IBUY, BLOK, MVPS, and QSWN)
Information technology companies are generally subject to the following risks: rapidly changing technologies; short product life cycles; fierce competition; aggressive pricing and reduced profit margins; the loss of patent, copyright and trademark protections; cyclical market patterns; evolving industry standards; and frequent new product introductions. Information technology companies may be smaller and less experienced companies, with limited product
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lines, markets or financial resources and fewer experienced management or marketing personnel. Information technology company stocks, especially those which are internet related, have experienced extreme price and volume fluctuations that are often unrelated to their operating performance.
INTERNET COMPANIES RISK (BLOK, and IBUY)
Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, cyclical market patterns, evolving industry standards, frequent new product introductions and the considerable risk of owning small capitalization companies that have recently begun operations. In addition, the stocks of many internet companies have exceptionally high price-to-earnings ratios with little or no earnings histories. Many internet companies have experienced extreme price and volume fluctuations that often have been unrelated to their operating performance.
INTEREST RATE RISK (QSWN, and SWAN)
Interest rate risk is the risk that the value of the debt securities in the Fund’s portfolio will decline because of rising market interest rates. Interest rate risk is generally lower for shorter term debt securities and higher for longer term debt securities. Duration is a measure of the expected price volatility of a debt security as a result of changes in market rates of interest, based on, among other factors, the weighted average timing of the debt security’s expected principal and interest payments. In general, duration represents the expected percentage change in the value of a security for an immediate 1% change in interest rates. For example, the price of a security with a three-year duration would be expected to drop by approximately 3% in response to a 1% increase in interest rates. Therefore, prices of debt securities with shorter durations tend to be less sensitive to interest rate changes than debt securities with longer durations. As the value of a debt security changes over time, so will its duration.
ISRAELI COMPANIES RISK (ITEQ)
Investment in securities of Israeli companies involves risks that may negatively affect the value of your investment in the Fund. Among other things, Israel’s economy depends on imports of certain key items, such as crude oil, coal, grains, raw materials and military equipment. Israel’s relations with the Palestinian Authority and certain neighboring countries such as Lebanon, Syria and Iran, among others, have at times been strained due to territorial disputes, historical animosities or security concerns, which may cause uncertainty in the Israeli markets and adversely affect the overall economy. In addition, U.S.-designated terrorist groups such as Hezbollah and Hamas operate in close proximity to Israel’s borders, and has resulted in armed conflicts that have a material negative impact on the country and has caused volatility for its economy. Furthermore, Israel’s economy is heavily dependent on trade relationships with key counterparties around the world, specifically the United States and European Union countries.
LARGE CAPITALIZATION COMPANIES RISK (DIVO, HCOW, IBUY NDIV, and QDVO)
Large-capitalization companies may be less able than smaller-capitalization companies to adapt to changing market conditions. Large-capitalization companies may be more mature and subject to more limited growth potential compared with smaller-capitalization companies. During different market cycles, the performance of large capitalization companies has trailed the overall performance of the broader securities markets.
LEVERAGE RISK (YYY)
Leverage may result from ordinary borrowings or may be inherent in the structure of certain Underlying Fund investments such as derivatives. If the prices of those investments decrease, or if the cost of borrowing exceeds any increase in the prices of those investments, the NAV of the Underlying Fund’s shares will decrease faster than if the Underlying Fund had not used leverage. To repay borrowings, an Underlying Fund may have to sell investments at a time and at a price that is unfavorable to the Underlying Fund. Interest on borrowings is an expense the Underlying Fund would not otherwise incur. Leverage magnifies the potential for gain and the risk of loss. If an Underlying Fund uses leverage, there can be no assurance that the Underlying Fund’s leverage strategy will be successful.
MARKET EVENTS RISK
Turbulence in the economic, political and financial system has historically resulted, and may continue to result, in an unusually high degree of volatility in the capital markets. Both domestic and foreign capital markets have been experiencing increased volatility and turmoil, with issuers that have exposure to the real estate, mortgage and credit
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markets particularly affected, and it is uncertain whether or for how long these conditions could continue. Reduced liquidity in equity, credit and fixed-income markets may adversely affect many issuers worldwide. This reduced liquidity may result in less money being available to purchase raw materials, goods and services from emerging markets, which may, in turn, bring down the prices of these economic staples. It may also result in small or emerging market issuers having more difficulty obtaining financing, which may, in turn, cause a decline in their security prices. These events and possible continued market turbulence may have an adverse effect on the Fund.
In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on a Fund and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. Such events could adversely affect the prices and liquidity of a Fund’s portfolio securities or other instruments and could result in disruptions in the trading markets. Any of such circumstances could have a materially negative impact on the value of a Fund’s Shares and result in increased market volatility. During any such events, a Fund’s Shares may trade at increased premiums or discounts to their NAV.
Health crises caused by the outbreak of infectious diseases or other public health issues, may exacerbate other pre-existing political, social, economic, market and financial risks. The impact of any such events, could negatively affect the global economy, as well as the economies of individual countries or regions, the financial performance of individual companies, sectors and industries, and the markets in general in significant and unforeseen ways. Any such impact could adversely affect the prices and liquidity of the securities and other instruments in which a Fund invests and negatively impact a Fund’s investment return.
MARKET PRICE DISCOUNT FROM/PREMIUM TO NET ASSET VALUE RISK (YYY)
The shares of the Underlying Funds may trade at a discount or premium to their NAV. This characteristic is a risk separate and distinct from the risk that an Underlying Fund’s NAV could decrease as a result of investment activities. Whether investors, such as the Fund, will realize gains or losses upon the sale of shares will depend not on the Underlying Funds’ NAVs, but entirely upon whether the market price of the Underlying Funds’ shares at the time of sale is above or below an investor’s purchase price for shares.
MASTER LIMITED PARTNERSHIPS RISK (NDIV)
Investments in securities of MLPs involve certain risks different from or in addition to the risks of investing in common stocks. MLP common units can be affected by macro-economic factors and other factors unique to the partnership or company and the industry or industries in which the MLP operates. Certain MLP securities may trade in relatively low volumes due to their smaller capitalizations or other factors, which may cause them to have a high degree of price volatility and illiquidity. The structures of MLPs create certain risks, including, for example, risks related to the limited ability of investors to control an MLP and to vote on matters affecting the MLP, risks related to potential conflicts of interest between an MLP and the MLP’s general partner, the risk that an MLP will generate insufficient cash flow to meet its current operating requirements, the risk that an MLP will issue additional securities or engage in other transactions that will have the effect of diluting the interests of existing investors, and risks related to the general partner’s right to require unit-holders to sell their common units at an undesirable time or price.
MATERIALS SECTOR RISK (BATT, and NDIV)
Many materials companies are significantly affected by the level and volatility of commodity prices, exchange rates, import controls, worldwide competition, environmental policies and consumer demand. At times, worldwide production of industrial materials has exceeded demand as a result of over-building or economic downturns, leading to poor investment returns or losses. Other risks may include liabilities for environmental damage and general civil liabilities, depletion of resources, and mandated expenditures for safety and pollution control. The materials sector may also be affected by economic cycles, technical progress, labor relations, and government regulations.
METALS AND MINING COMPANIES RISK (BATT, NDIV, and SILJ)
Investments in metals and mining companies may be speculative and subject to greater price volatility than investments in other types of companies. The profitability of companies in the metals and mining industry is related to, among other things, worldwide metal prices and extraction and production costs. Worldwide metal prices may fluctuate substantially over short periods of time, and as a result, the Fund’s Share price may be more volatile than other types of
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investments. In addition, metals and mining companies may be significantly affected by changes in global demand for certain metals, economic developments, energy conservation, the success of exploration projects, changes in exchange rates, interest rates, economic conditions, tax treatment, trade treaties, and government regulation and intervention, and events in the regions that the companies to which the Fund has exposure operate (e.g., expropriation, nationalization, confiscation of assets and property, the imposition of restrictions on foreign investments or repatriation of capital, military coups, social or political unrest, violence and labor unrest). Metals and mining companies may also be subject to the effects of competitive pressures in the metals and mining industry.
MID-CAPITALIZATION RISK (ISWN, and QSWN)
Mid-capitalization companies may be less stable and more susceptible to adverse developments in comparison to large-capitalization companies. Additionally, the securities of mid-capitalization companies may be more volatile and less liquid than those of large-capitalization companies.
MINERAL AND RARE EARTH METAL MINING RISK (BATT)
The Fund is subject to certain risks associated with companies involved in mining. Competitive pressures may have a significant effect on the financial condition of such companies. Companies involved in the various activities that are related to the mining, refining and/or manufacturing of rare earth metals tend to be small-, medium- and micro-capitalization companies. The value of such companies may be significantly affected by events relating to international, national and local political and economic developments, energy conservation efforts, the success of exploration projects, commodity prices, tax and other government regulations, depletion of resources, and mandated expenditures for safety and pollution control devices. Mining companies are highly dependent on the price of the underlying metal or element. These prices may fluctuate substantially over short periods of time so the Fund’s Share price may be more volatile than other types of investments. In particular, a drop in the price of green metals would particularly adversely affect the profitability of small- and medium-capitalization mining companies and their ability to secure financing. Furthermore, companies that are only in the exploration stage are typically unable to adopt specific strategies for controlling the impact of such price changes. A significant amount of the companies may be early stage mining companies that are in the exploration stage only or that hold properties that might not ultimately produce these metals. Exploration and development involves significant financial risks over a significant period of time which even a combination of careful evaluation, experience and knowledge may not eliminate.
MOBILE PAYMENT COMPANIES RISK (IPAY)
Mobile payment companies face intense competition, both domestically and internationally, and are subject to increasing regulatory constraints, particularly with respect to fees, competition and anti-trust matters, cybersecurity and privacy. Mobile Payment Companies may be highly dependent on their ability to enter into agreements with merchants and other third parties to utilize a particular payment method, system, software or service, and such agreements may be subject to increased regulatory scrutiny. Additionally, certain Mobile payment companies have recently faced increased costs related to class-action litigation challenging such agreements. Such factors may adversely affect the profitability and value of such companies.
NATURAL RESOURCES AND COMMODITY-RELATED INDUSTRIES (NDIV)
These industries can be significantly affected by (and often rapidly affected by) changes in the supply of, or demand for, various natural resources and commodities. Investments in natural resources companies, which include companies engaged in energy (oil, gas & consumable fuels), chemicals, agriculture, precious and industrial metals and mining, paper products, and timber can be significantly affected by events relating to these industries, including international political and economic developments, embargoes, tariffs, inflation, weather and natural disasters, livestock diseases, limits on exploration, rapid changes in the supply and demand for natural resources and other factors. The Fund’s investments may experience substantial price fluctuations as a result of these factors, and may move independently of the trends of other operating companies. Companies engaged in the industries listed above may be adversely affected by changes in government policies and regulations, technological advances and/or obsolescence, environmental damage claims, energy conservation efforts, the success of exploration projects, limitations on the liquidity of certain natural resources and commodities and competition from new market entrants. Changes in general
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economic conditions, including commodity price volatility, changes in exchange rates, imposition of import controls, rising interest rates, prices of raw materials and other commodities, depletion of resources and labor relations, could adversely affect the Fund’s investments.
NON-CANNABIS RELATED BUSINESS RISK (CNBS, MJ, and MJUS)
Many of the companies in the Index are engaged in other lines of business unrelated to the activities identified in the principal investment strategies, above, and these lines of business could adversely affect their operating results. The operating results of these companies may fluctuate as a result of events in the other lines of business. In addition, a company’s ability to engage in new activities may expose it to business risks with which it has less experience than it has with the business risks associated with its traditional businesses. There can be no assurance that the other lines of business in which these companies are engaged will not have an adverse effect on a company’s business or financial condition.
OIL AND GAS INDUSTRY RISK (NDIV)
Investments in the oil and gas industry can be significantly affected by worldwide energy prices, exploration costs and production spending. Oil and gas companies may be adversely affected by natural disasters or other catastrophes; changes in exchange rates, interest rates or economic conditions; technological developments, prices for competitive energy services and increased competition. Other risks may include changes in the actual or perceived availability of oil deposits; imposition of import controls, changes in tax treatment, or government regulation or government intervention; negative public perception; or unfavorable events in the regions where companies operate. Companies in the oil and gas industry may have significant capital investments in, or engage in transactions involving, emerging market countries, which may heighten these risks. Companies that own or operate gas pipelines are subject to certain risks, including pipeline and equipment leaks and ruptures, explosions, fires, unscheduled downtime, transportation interruptions, discharges or releases of toxic or hazardous gases and other environmental risks. Companies in the oil and gas industry may be at risk for environmental damage claims and other types of litigation.
ONLINE RETAIL RISK (IBUY)
Companies that operate in the online marketplace, retail and travel segments are subject to fluctuating consumer demand. Unlike traditional brick and mortar retailers, online marketplaces and retailers must assume shipping costs or pass such costs to consumers. Consumer access to price information for the same or similar products may cause companies that operate in the online marketplace, retail and travel segments to reduce profit margins in order to compete. The loss or public dissemination of sensitive customer information or other proprietary data may negatively affect the financial performance of such companies to a greater extent than traditional brick and mortar retailers. As a result of such companies being web-based and the fact that they process, store, and transmit large amounts of data, including personal information, for their customers, failure to prevent or mitigate data loss or other security breaches, including breaches of vendors’ technology and systems, could expose companies that operate in the online marketplace, retail and travel segments or their customers to a risk of loss or misuse of such information, adversely affect their operating results, result in litigation or potential liability, and otherwise harm their businesses.
OPTIONS CONTRACTS RISK (DIVO, IDVO, QDVO, ISWN, QSWN, and SWAN)
The use of option contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of option contracts are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, changes in interest or currency exchange rates, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events. There may at times be an imperfect correlation between the movement in values option contracts and the reference asset of the option contract, and there may at times not be a liquid secondary market for certain option contracts.
PHARMACEUTICAL COMPANIES RISK (CNBS, MJ, and MJUS)
Companies in the pharmaceutical industry can be significantly affected by, among other things, government approval of products and services, government regulation and reimbursement rates, product liability claims, patent expirations and protection of intense competition.
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POOLED INVESTMENT VEHICLE RISK (BLOK)
The Fund may invest in commodity-linked instruments, including ETFs and shares of other pooled investment vehicles. Shareholders bear both their proportionate share of the Fund’s expenses and similar expenses of the underlying pooled investment vehicle. Pooled investment vehicles that invest in commodities are subject to the risks associated with direct investments in those commodities. The price and movement of a pooled investment vehicle designed to track an index may not track the index and may result in a loss. Certain pooled investment vehicles traded on exchanges may be thinly traded and experience large spreads between the “ask” price quoted by a seller and the “bid” price offered by a buyer. Certain pooled investment vehicles may also not have the protections applicable to other types of investments under federal securities or commodities laws and may be subject to counterparty or credit risk.
REIT RISK (AIEQ, and CNBS)
Adverse economic, business or political developments affecting real estate could have a major effect on the value of the Fund’s investments in REITs. Investing in REITs may subject the Fund to risks associated with the direct ownership of real estate, such as decreases in real estate values, overbuilding, increased competition and other risks related to local or general economic conditions, increases in operating costs and property taxes, changes in zoning laws, casualty or condemnation losses, possible environmental liabilities, regulatory limitations on rent and fluctuations in rental income. In addition, REITs are subject to the possibility of failing to qualify for the favorable U.S. federal income tax treatment generally available to them under the Internal Revenue Code of 1986, as amended (the “Code”), and failing to maintain exemption from the registration requirements of the 1940 Act.
RISKS ASSOCIATED WITH INVESTMENTS IN SPACS (AIEQ)
Unless and until an acquisition is completed, a SPAC generally invests its assets in U.S. government securities, money market securities, and cash. Because SPACs have no operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. There is no guarantee that the SPACs in which the Fund invests will complete an acquisition or that any acquisitions that are completed will be profitable. Public stockholders of SPACs may not be afforded a meaningful opportunity to vote on a proposed initial business combination because certain stockholders, including stockholders affiliated with the management of the SPAC, may have sufficient voting power, and a financial incentive, to approve such a transaction without support from public stockholders. As a result, a SPAC may complete a business combination even though a majority of its public stockholders do not support such a combination.
RISKS ASSOCIATED WITH SPAC-DERIVED COMPANIES (AIEQ)
SPAC-derived companies are thus often subject to extreme price volatility and speculative trading. These stocks may have above-average price appreciation in connection with a potential business combination with a SPAC prior to investment by the Fund. The price of stocks invested in by the Fund may not continue to appreciate and the performance of these stocks may not replicate the performance exhibited in the past. In addition, SPAC-derived companies may share similar illiquidity risks of private equity and venture capital. The free float shares held by the public in a SPAC-derived company are typically a small percentage of the market capitalization. The ownership of many SPAC-derived companies often includes large holdings by venture capital and private equity investors who seek to sell their shares in the public market in the months following a business combination transaction when shares restricted by lock-up are released, causing greater volatility and possible downward pressure during the time that locked-up shares are released.
RUSSIAN AND UKRAINE SECURITIES RISK
The continued hostilities between the two countries may still result in more widespread conflict and could have a severe adverse effect on the region and the markets. Sanctions imposed on Russia by the United States and other countries, and any sanctions imposed in the future could have additional significant adverse impact on the Russian economy and related markets. The price and liquidity of investments may fluctuate widely as a result of the conflict and related events.
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SILVER EXPLORATION AND PRODUCTION INDUSTRY CONCENTRATION RISK (SILJ)
The profitability of companies in the Silver Exploration & Production sub-industry is related to, among other things, the worldwide price of silver and the costs of extraction and production. Worldwide silver prices may fluctuate substantially over short periods of time, so the Fund’s share price may be more volatile than other types of investments. Companies in the sub-industry may be adversely affected by economic conditions, tax treatment, government regulation and intervention, and world events in the regions in which the companies operate (e.g., expropriation, nationalization, confiscation of assets and property, repatriation of capital, military coups, social unrest). The price of the equity securities of silver mining companies and silver may not always be closely correlated. Investing in a silver company involves certain risks unrelated to an investment in silver as a commodity, including production costs, operational and managerial risk, and the possibility that the company will take measures to hedge or minimize its exposure to the volatility of the market price of silver.
SMALLER COMPANIES RISK (COWS, CNBS, IPAY, ITEQ, IVES, MJ, MJUS, MVPS, NDIV, and SILJ)
Smaller companies may be more vulnerable to adverse business or economic events than larger, more established companies, and may underperform other segments of the market or the equity market as a whole. The securities of smaller companies also are often traded in the over-the-counter market and tend to be bought and sold less frequently and at significantly lower trading volumes than the securities of larger companies. As a result, it may be more difficult for the Fund to buy or sell a significant amount of the securities of a smaller company without an adverse impact on the price of the company’s securities, or the Fund may have to sell such securities in smaller quantities over a longer period of time, which may increase the Fund’s tracking error.
TECHNOLOGY COMPANIES RISK (AWAY, GAMR, HACK, IPAY, ITEQ, and IVES)
Companies in the technology field, including companies in the computers, telecommunications and electronics industries, face intense competition, which may have an adverse effect on profit margins. Technology companies may have limited product lines, markets, financial resources or personnel. The products of technology companies may face obsolescence due to rapid technological developments and frequent new product introduction, and such companies may face unpredictable changes in growth rates, competition for the services of qualified personnel and competition from foreign competitors with lower production costs. Companies in the technology sector are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights may adversely affect the profitability of these companies.
TIMBER COMPANIES RISK (NDIV)
Timber companies may be affected by numerous factors, including events occurring in nature and international politics. For example, the volume and value of timber that can be harvested from timberlands may be limited by natural disasters and other events such as fire, volcanic eruptions, insect infestation, disease, ice storms, wind-storms, flooding, other weather conditions and other causes. In periods of poor logging conditions, timber companies may harvest less timber than expected. Timber companies are subject to many federal, state and local environmental and health and safety laws and regulations. In addition, rising interest rates and general economic conditions may affect the demand for timber products.
U.S. TREASURY SECURITIES RISK (ISWN, QSWN, and SWAN)
U.S. Treasury securities may differ from other securities in their interest rates, maturities, times of issuance and other characteristics and may provide relatively lower returns than those of other securities. U.S. government securities are guaranteed only as to the timely payment of interest and the payment of principal when held to maturity. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government may cause the value of the Fund’s U.S. Treasury securities to decline.
VIDEO GAMING COMPANIES RISK (GAMR)
Video gaming companies face intense competition, both domestically and internationally, may have limited product lines, markets, financial resources, or personnel, may have products that face rapid obsolescence, and are heavily dependent on the protection of patent and intellectual property rights. Such factors may adversely affect the profitability and value of Video gaming companies.
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Amplify ETF Trust
Supplemental Information
September 30, 2024 (Unaudited)
DISTRIBUTION OF PREMIUMS AND DISCOUNTS
NAV is the price per share at which the Fund issues and redeems shares. It is calculated in accordance with the standard formula for valuing mutual fund shares. The “Market Price” of the Fund generally is determined using the composite closing price each day. The Fund’s Market Price may be at, above or below its NAV. The NAV of the Fund will fluctuate with changes in the market value of the Fund’s holdings. The Market Price of the Fund will fluctuate in accordance with changes in its NAV, as well as market supply and demand.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and Market Price of the Fund on a given day, generally at the time NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV.
Further information regarding premiums and discounts is available, without charge, on the Fund’s website at www.amplifyetfs.com.
INFORMATION ABOUT THE TRUSTEES
The Statement of Additional Information (“SAI”) includes additional information about the Fund’s Trustees and is available without charge, upon request, by calling 1-855-267-3837. Furthermore, you can obtain the SAI by accessing the Commission’s website at www.sec.gov or by accessing the Fund’s website at www.amplifyetfs.com.
DELIVERY OF SHAREHOLDER DOCUMENTS – HOUSEHOLDING
Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of the prospectus and other shareholder documents, please contact your broker-dealer. If you currently are enrolled in householding and wish to change your householding status, please contact your broker-dealer.
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Amplify ETF Trust
Privacy Policy
September 30, 2024 (Unaudited)
AMPLIFY ETFS AND AMPLIFY AFFILIATES PRIVACY POLICY
Amplify recognizes the importance of protecting your personal and financial information when you visit our websites (each a “Website” and together “Websites”). This Policy is designed to help you understand the information collection practices on all Websites owned or operated by or on behalf of companies within the Amplify group of companies, including: Amplify Investments LLC, and Amplify Development, LLC. We are committed to:
(a)
| protecting the personal information, you provide to us; |
(b)
| telling you how we use the information we gather about you; and |
(c)
| ensuring that you know why we intend to disclose your personal information. |
CHANGES TO THIS PRIVACY POLICY
This Privacy Policy is dated January 1, 2020. Amplify reserves the right to amend this Privacy Policy at any time without notice, by updating this posting, in which case the date of the Policy will be revised. The current version of this Policy can be accessed from the link on the www.amplifyetfs.com homepage.
INFORMATION COLLECTION AND USE
Personally Identifiable Information: The personally identifiable information you submit to our Websites is used to service your interest and to improve our services to you and/or to provide you with information on Amplify products and services. The types of personal information that may be collected at our Websites include: name, address, email address and telephone number. We will not sell, share or rent your personally identifiable information to others in contravention of this Privacy Policy.
Additionally, if the Website is a password protected site, then (a) once you submit your password and enter, the Website will recognize who you are and will collect all information that you submit, including all electronic instructions (including all transaction information), and (b) any information collected about you from the Website may be associated with other identifying information that we have about you.
Aggregate Information: We generally record certain usage information, such as the number and frequency of visitors to our Websites. This information may include the websites that you access immediately before and after your visit to our Websites, the Internet browser you are using and your IP address. If we use such data at all it will be on an aggregate basis, and we will not disclose to third parties any information that could be used to identify you personally.
Service Providers: We may use internal or external service providers to operate our Websites and employ other persons to perform work on our behalf, such as sending postal mail and e-mail. These persons may have access to the personally identifiable information you submit through the Websites, but only for the purpose of performing their duties. These personnel may not use your personally identifiable information for any other purpose.
Compliance with Laws: We do not automatically collect personally identifiable information from visitors to our Websites, except to the extent we are required to do so pursuant to some statute or regulation applicable to us. We will not provide any personally identifiable information to any other persons, except if we are required to make disclosures by any law, any government or private parties in connection with a lawsuit, subpoena, investigation or similar proceeding.
Email and Marketing: Amplify does not sell its customers’ e-mail addresses, nor will we provide your personal information to third parties for their marketing purposes. Amplify will not send you e-mail messages without first receiving your permission, unless it relates to servicing your account or unless you have consented to receiving electronic delivery of fund documents as part of our E-Delivery service. It is our policy to include instructions for unsubscribing from these permission-based programs. We recommend that you do not send us any individual personal information via non secure methods of correspondence, including via public electronic communication channels, such as Internet e-mail, which are generally not secure.
Disclosure to Third Parties: The personal information you provide to us will only be disclosed to third parties if we have your permission, or as set out in this Privacy Policy. We may disclose details about the general use of our Websites to third parties – for example, to demonstrate patterns of use to advertisers and other business partners.
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Amplify ETF Trust
Privacy Policy
September 30, 2024 (Unaudited)(Continued)
Information we pass on for this purpose will not include any personal information by which you may be identified. We endeavor to prevent unauthorized disclosures of your personal information by third parties but we are not responsible for any unauthorized disclosures or other breaches of security or for the actions of others if the information was passed to them with your authority or with the authority of anyone other than us or our group companies.
Use of Website Analytics
We currently use third party analytics tools to gather information for purposes of improving Amplify’s website and marketing our products and services to you. These tools employ cookies.
What are Cookies?
Cookies are small text files that are stored in your computer’s memory and hard drive when you visit certain web pages. They are used to enable websites to function or to provide information to the owners of a website.
Why Do We Use Cookies?
Cookies help us to provide customized services and information. We use cookies on all our Websites to tell us, in general terms, how and when pages in our Websites are visited, what our users’ technology preferences are – such as what type of video player they use – and whether our Websites are functioning properly.
If you are using one of our password-protected sites, then the website may use cookies or other technology to help us authenticate you, store and recognize your configuration and user attributes, facilitate your navigation of the website and customize its content so that the information made available is likely to be of more interest to you.
In broad terms, we use cookies on our Websites for the following purposes:
| • | Analytical purposes: Analytical cookies allow us to recognize measure and track visitors to our Websites. This helps us to improve and develop the way our Websites work, for example, by determining whether site visitors can find information easily, or by identifying the aspects of websites that are of the most interest to them. |
| • | Usage preferences: Some of the cookies on our Websites are activated when visitors to our sites make a choice about their usage of the site. Our Websites then ‘remember’ the settings preferences of the user concerned. This allows us to tailor aspects of our sites to the individual user. |
| • | Terms and conditions: We use cookies on our Websites to record when a site visitor has seen a policy, such as this one, or provided consent, such as consent to the terms and conditions on our Websites. This helps to improve the user’s experience of the site – for example, it avoids a user from repeatedly being asked to consent to the same terms.
|
To find out how to opt-out of these services please:
— Call us: 1-855-267-3837
— Email us: info@amplifyetfs.com
| • | Session management: The software that runs our websites uses cookies for technical purposes needed by the internal workings of our servers. For instance, we use cookies to distribute requests among multiple servers, authenticate users and determine what features of the site they can access, verify the origin of requests, keep track of information about a user’s session and determine which options or pages to display in order for the site to function. |
| • | Functional purposes: Functional purpose cookies store information that is needed by our applications to process and operate. For example, where transactions or requests within an application involve multiple workflow stages, cookies are used to store the information from each stage temporarily, in order to facilitate completion of the overall transaction or request. |
Further Information About Cookies
If you would like to find out more about cookies in general and how to manage them, please visit www.allaboutcookies.org.
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Amplify ETF Trust
Privacy Policy
September 30, 2024 (Unaudited)(Continued)
Third Party Websites
Amplify disclaims responsibility for the privacy policies and customer information practices of third party internet websites hyperlinked from our Website or this Privacy Policy.
SECURITY
Amplify protects your personal information when you transact business on our Website by requiring the use of a browser software program that supports industry standard SSL encryption with 128-bit key lengths. The “128-bit” designation refers to the length of the key used to encrypt the data being transmitted, with a longer key representing a higher level of security.
CONTACT US
We welcome inquiries or comments about our Privacy Policy and any queries or concerns about Amplify ETFs at support@amplifyetfs.com or 1-855-267-3837.
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Investment Adviser:
Amplify Investments LLC
3333 Warrenville Road, Suite 350
Lisle, IL 60532
Investment Sub-Advisers:
| | | | |
Penserra Capital Management, LLC
4 Orinda Way, Suite 100-A
Orinda, CA 94563 | | | Capital Wealth Planning
1016 Collier Center Way
Naples, FL 34110 |
Tidal Investments, LLC
234 W. Florida St., Suite 203
Milwaukee, WI 53204 | | | Cerity Partners LLC
335 Madison Avenue, 23rd Floor
New York, NY 10017 |
Seymour Asset Management LLC
1 Old Point Road
Quogue, New York 11959 | | | Kelly Strategic Management, LLC
7887 East Belleview Avenue, Suite 1100
Denver, CO 80111 |
| | | | |
Samsung Asset Management (New York), Inc.
152 West 57th Street
New York, New York 10019
Legal Counsel:
Chapman and Cutler LLP
111 West Monroe Street
Chicago, IL 60603
Independent Registered Public Accounting Firm:
Cohen & Company, Ltd.
1350 Euclid Ave., Suite 800
Cleveland, OH 44115
Distributor:
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
Administrator:
U.S. Bancorp Fund Services, LLC
777 East Wisconsin Avenue
Milwaukee, WI 53202
Transfer Agent:
U.S. Bancorp Fund Services, LLC
615 East Michigan Street
Milwaukee, WI 53202
Custodian:
U.S. Bank National Association
1555 North RiverCenter Drive, Suite 302
Milwaukee, WI 53212
This information must be preceded or accompanied by a current prospectus for the Funds.
Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.
See Item 7(a).
Item 9. Proxy Disclosure for Open-End Investment Companies.
See Item 7(a).
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.
See Item 7(a).
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
See Item 7(a).
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to open-end investment companies.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to open-end investment companies.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to open-end investment companies.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees.
Item 16. Controls and Procedures.
| (a) | The Registrant’s President/Principal Executive Officer and Principal Financial Officer have reviewed the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider. |
| (b) | There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to open-end investment companies.
Item 18. Recovery of Erroneously Awarded Compensation.
(a) Not Applicable
(b) Not Applicable
Item 19. Exhibits.
(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant’s securities are listed. Not Applicable
(3) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)). Filed herewith.
(4) Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | (Registrant) | Amplify ETF Trust | |
| | By (Signature and Title)* | /s/ Christian Magoon | |
| | | Christian Magoon, | |
| | | President and Chief Executive Officer | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | By (Signature and Title)* | /s/ Christian Magoon | |
| | | Christian Magoon, | |
| | | President and Chief Executive Officer | |
| | By (Signature and Title)* | /s/ Bradley H. Bailey | |
| | | Bradley H. Bailey, | |
| | | Chief Financial Officer | |
* Print the name and title of each signing officer under his or her signature.
