# EDGAR Filing Document

**Accession Number:** 0001633061
**File Stem:** 0001133228-26-008833
**Filing Date:** 2026-6
**Character Count:** 856394
**Document Hash:** f0afaf60a1c3a1caa2b36e556f15433c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-008833.hdr.sgml**: 20260604

**ACCESSION NUMBER**: 0001133228-26-008833

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 77

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260604

**DATE AS OF CHANGE**: 20260604

**EFFECTIVENESS DATE**: 20260604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Amplify ETF Trust
- **CENTRAL INDEX KEY:** 0001633061

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23108
- **FILM NUMBER:** 261063827

**BUSINESS ADDRESS:**
- **STREET 1:** 3333 WARRENVILLE ROAD
- **STREET 2:** SUITE 350
- **CITY:** LISLE
- **STATE:** IL
- **ZIP:** 60532
- **BUSINESS PHONE:** (855)267-3837

**MAIL ADDRESS:**
- **STREET 1:** 3333 WARRENVILLE ROAD
- **STREET 2:** SUITE 350
- **CITY:** LISLE
- **STATE:** IL
- **ZIP:** 60532

## Series and Classes Contracts Data

### Amplify Online Retail ETF (Series ID: S000052601)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000165126 | Amplify Online Retail ETF | IBUY            |

### Amplify CWP Enhanced Dividend Income ETF (Series ID: S000055107)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000173384 | Amplify CWP Enhanced Dividend Income ETF | DIVO            |

### Amplify Blockchain Technology ETF (Series ID: S000061158)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000198131 | Amplify Blockchain Technology ETF | BLOK            |

### Amplify Lithium & Battery Technology ETF (Series ID: S000061920)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000200636 | Amplify Lithium & Battery Technology ETF | BATT            |

### Amplify BlackSwan Growth & Treasury Core ETF (Series ID: S000063059)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000204543 | Amplify BlackSwan Growth & Treasury Core ETF |  |

### Amplify Seymour Cannabis ETF (Series ID: S000064108)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000207255 | Amplify Seymour Cannabis ETF | CNBS            |

### Amplify CEF High Income ETF (Series ID: S000065408)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000211544 | Amplify CEF High Income ETF | YYY             |

### Amplify BlackSwan ISWN ETF (Series ID: S000069679)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000222247 | Amplify BlackSwan ISWN ETF | ISWN            |

### Amplify CWP International Enhanced Dividend Income ETF (Series ID: S000077245)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000237476 | Amplify CWP International Enhanced Dividend Income ETF | IDVO            |

### Amplify Energy & Natural Resources Covered Call ETF (Series ID: S000077267)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000237542 | Amplify Energy & Natural Resources Covered Call ETF |  |

### Amplify Cash Flow Dividend Leaders ETF (Series ID: S000080778)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000243313 | Amplify Cash Flow Dividend Leaders ETF |  |

### Amplify COWS Covered Call ETF (Series ID: S000080779)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000243314 | Amplify COWS Covered Call ETF |  |

### Amplify Digital Payments ETF (Series ID: S000082268)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000245554 | Amplify Digital Payments ETF |  |

### Amplify Video Game Leaders ETF (Series ID: S000082269)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000245555 | Amplify Video Game Leaders ETF |  |

### Amplify Bloomberg AI Equal Weight ETF (Series ID: S000082270)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000245556 | Amplify Bloomberg AI Equal Weight ETF | AIVC            |

### Amplify Etho Climate Leadership U.S. ETF (Series ID: S000082271)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000245557 | Amplify Etho Climate Leadership U.S. ETF |  |

### Amplify Alternative Harvest ETF (Series ID: S000082272)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000245558 | Amplify Alternative Harvest ETF |  |

### Amplify BlueStar Israel Technology ETF (Series ID: S000082274)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000245560 | Amplify BlueStar Israel Technology ETF |  |

### Amplify AI Powered Equity ETF (Series ID: S000082276)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000245562 | Amplify AI Powered Equity ETF |  |

### Amplify Travel Tech ETF (Series ID: S000082277)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000245563 | Amplify Travel Tech ETF |  |

### Amplify Cybersecurity ETF (Series ID: S000082278)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000245564 | Amplify Cybersecurity ETF |  |

### Amplify Junior Silver Miners ETF (Series ID: S000082279)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000245565 | Amplify Junior Silver Miners ETF |  |

### Amplify Samsung SOFR ETF (Series ID: S000082999)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000246470 | Amplify Samsung SOFR ETF |  |

### Amplify Weight Loss Drug & Treatment ETF (Series ID: S000085024)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000249887 | Amplify Weight Loss Drug & Treatment ETF |  |

### Amplify CWP Growth & Income ETF (Series ID: S000086676)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000252268 | Amplify CWP Growth & Income ETF |  |

### Amplify Small-Mid Cap Equity ETF (Series ID: S000088397)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000254658 | Amplify Small-Mid Cap Equity ETF | SMAP            |

### Amplify TLT U.S. Treasury 12% Option Income ETF (Series ID: S000088399)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000254660 | Amplify TLT U.S. Treasury 12% Option Income ETF | TLTP            |

### Amplify Bitcoin 2% Monthly Option Income ETF (Series ID: S000091834)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000259641 | Amplify Bitcoin 2% Monthly Option Income ETF | BITY            |

### Amplify Bitcoin Max Income Covered Call ETF (Series ID: S000091835)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000259642 | Amplify Bitcoin Max Income Covered Call ETF | BAGY            |

### Amplify Samsung U.S. Natural Gas Infrastructure ETF (Series ID: S000092126)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000260052 | Amplify Samsung U.S. Natural Gas Infrastructure ETF | USNG            |

### Amplify SILJ Covered Call ETF (Series ID: S000094562)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000263095 | Amplify SILJ Covered Call ETF |  |

### Amplify Ethereum 3% Monthly Option Income ETF (Series ID: S000095665)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000264403 | Amplify Ethereum 3% Monthly Option Income ETF |  |

### Amplify Ethereum Max Income Covered Call ETF (Series ID: S000095666)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000264404 | Amplify Ethereum Max Income Covered Call ETF |  |

### Amplify Solana 3% Monthly Option Income ETF (Series ID: S000095789)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000264538 | Amplify Solana 3% Monthly Option Income ETF |  |

### Amplify XRP 3% Monthly Premium Income ETF (Series ID: S000096942)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000265967 | Amplify XRP 3% Monthly Premium Income ETF |  |

### Amplify Stablecoin Technology Leaders ETF (Series ID: S000097906)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000267417 | Amplify Stablecoin Technology Leaders ETF |  |

### Amplify Tokenization Technology Leaders ETF (Series ID: S000097907)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000267418 | Amplify Tokenization Technology Leaders ETF |  |

### Amplify HACK Cybersecurity Covered Call ETF (Series ID: S000100602)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000270431 | Amplify HACK Cybersecurity Covered Call ETF |  |

### Amplify Municipal CEF High Income ETF (Series ID: S000101874)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000272213 | Amplify Municipal CEF High Income ETF |  |

?xml version='1.0' encoding='ASCII'? 2026-02-23192397_AmplifyAIPoweredEquityETF_TF_TSRSemiAnnual

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 **<u>811-23108</u>**

**Amplify ETF Trust**

(Exact name of registrant as specified in charter)

**<u>3333 Warrenville Road Suite #350</u>**

**<u>Lisle, IL 60532</u>**

(Address of principal executive offices) (Zip code)

**<u>Christian Magoon Amplify ETF Trust</u>**

**<u>3333 Warrenville Road Suite #350</u>**

**<u>Lisle, IL 60532</u>**

(Name and address of agent for service)

<u>With copies to:</u>

**<u>Morrison C. Warren, Esq.</u>**

**<u>Chapman and Cutler LLP</u>**

**<u>111 West Monroe Street</u>**

**<u>Chicago, IL 60603</u>**

**<u>(855)-267-3837</u>**

Registrant's telephone number, including area code

Date of fiscal year end: **<u>September 30</u>**

Date of reporting period: **<u>March 31, 2026</u>**

**<u>Item 1. Reports to Stockholders.</u>**

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify AI Powered Equity ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | AIEQ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify AI Powered Equity ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify AI Powered Equity ETF | $37 | 0.75% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $109319454 |
| **Number of Holdings** | 161 |
| **Net Advisory Fee** | $437316 |
| **Portfolio Turnover** | 312% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  NVIDIA Corp.  | 7.5% |
|  Apple, Inc.  | 6.3% |
|  Microsoft Corp.  | 4.7% |
|  Alphabet, Inc. - Class A  | 3.3% |
|  Amazon.com, Inc.  | 3.1% |
|  Alphabet, Inc. - Class C  | 2.4% |
|  Broadcom, Inc.  | 2.1% |
|  Meta Platforms, Inc. - Class A  | 2.0% |
|  JPMorgan Chase & Co.  | 1.7% |
|  Berkshire Hathaway, Inc. - Class B  | 1.6% |

---

**Sector Breakdown** **\*\***

![image](ts7215img003.jpg)

\* 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 AI Powered Equity ETF PAGE 1 TSR-SAR-032108565

32.013.711.410.010.08.16.23.13.02.5 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Alternative Harvest ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | MJ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Alternative Harvest ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.***

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Alternative Harvest ETF | $15 | 0.37% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $115731523 |
| **Number of Holdings** | 12 |
| **Net Advisory Fee** | $272722 |
| **Portfolio Turnover** | 9% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Amplify Seymour Cannabis ETF  | 49.0% |
|  First American Government Obligations Fund - Class X  | 26.2% |
|  Tilray Brands, Inc.  | 14.2% |
|  Cronos Group, Inc.  | 8.4% |
|  Canopy Growth Corp.  | 7.0% |
|  SNDL, Inc.  | 6.1% |
|  Village Farms International, Inc.  | 5.6% |
|  Aurora Cannabis, Inc.  | 3.5% |
|  High Tide, Inc.  | 3.4% |
|  Organigram Global, Inc.  | 2.3% |

---

\* 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 Alternative Harvest ETF PAGE 1 TSR-SAR-032108474

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---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Bitcoin 2% Monthly Option Income** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | BITY (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Bitcoin 2% Monthly Option Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Bitcoin 2% Monthly Option Income ETF | $26 | 0.65% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $11354763 |
| **Number of Holdings** | 6 |
| **Net Advisory Fee** | $51087 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Bill  | 35.4% |
|  iShares Bitcoin Trust ETF  | 23.4% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50  | 11.2% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 0.2% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 04/07/2026; Exercise Price: $169.58 (Short)  | -0.4% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50 (Short)  | -10.0% |

---

\* 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 Bitcoin 2% Monthly Option Income ETF | PAGE 1 | TSR-SAR-032108458 |

---

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Bitcoin Max Income Covered Call** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | BAGY (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Bitcoin Max Income Covered Call ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Bitcoin Max Income Covered Call ETF | $26 | 0.65% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $10855809 |
| **Number of Holdings** | 5 |
| **Net Advisory Fee** | $38835 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Bill  | 27.8% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 20.4% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50  | 15.1% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 04/07/2026; Exercise Price: $169.34 (Short)  | -0.6% |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50 (Short)  | -13.5% |

---

\* 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 Bitcoin Max Income Covered Call ETF PAGE 1 TSR-SAR-032108466

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---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify BlackSwan Growth & Treasury** **Core ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SWAN (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify BlackSwan Growth & Treasury Core ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $25 | 0.49% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $355792290 |
| **Number of Holdings** | 13 |
| **Net Advisory Fee** | $903277 |
| **Portfolio Turnover** | 18% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Note/Bond  | 9.0% |
|  United States Treasury Note/Bond  | 9.0% |
|  United States Treasury Note/Bond  | 9.0% |
|  United States Treasury Note/Bond  | 9.0% |
|  United States Treasury Note/Bond  | 8.9% |
|  United States Treasury Note/Bond  | 8.9% |
|  United States Treasury Note/Bond  | 8.9% |
|  United States Treasury Note/Bond  | 8.9% |
|  United States Treasury Note/Bond  | 8.9% |
|  United States Treasury Note/Bond  | 8.9% |

---

\* 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 1 TSR-SAR-032108888

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify BlackSwan ISWN ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | ISWN (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify BlackSwan ISWN ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.***

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify BlackSwan ISWN ETF | $25 | 0.49% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $33813541 |
| **Number of Holdings** | 13 |
| **Net Advisory Fee** | $83859 |
| **Portfolio Turnover** | 19% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Note/Bond  | 8.7% |
|  United States Treasury Note/Bond  | 8.7% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |
|  United States Treasury Note/Bond  | 8.6% |

---

\* 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 1 TSR-SAR-032108821

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Blockchain Technology ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | BLOK (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Blockchain Technology ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Blockchain Technology ETF | $30 | 0.70% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $925189979 |
| **Number of Holdings** | 55 |
| **Net Advisory Fee** | $4182116 |
| **Portfolio Turnover** | 40% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  First American Government Obligations Fund - Class X  | 7.4% |
|  Terawulf, Inc.  | 3.8% |
|  Galaxy Digital, Inc. - Class A  | 3.7% |
|  NU Holdings Ltd. - Class A  | 3.6% |
|  Hut 8 Corp.  | 3.5% |
|  Cipher Digital, Inc.  | 3.5% |
|  Coinbase Global, Inc. - Class A  | 3.4% |
|  Robinhood Markets, Inc. - Class A  | 3.3% |
|  International Business Machines Corp.  | 3.2% |
|  Opera Ltd.  | 3.2% |

---

**Industry Breakdown** **\*\***

![image](ts7223img003.jpg)

\* 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.

**Fund Name Change:**

Effective on October 13, 2025, BLOK's name changed to the Amplify Blockchain Technology ETF.

**Other Material Fund Changes:**

Effective October 13, 2025, BLOK's investment policy changed to reflect the fund's investment in equity securities of companies actively involved in the development and utilization of blockchain technologies.

Amplify Blockchain Technology ETF PAGE 1 TSR-SAR-032108607

------

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 Blockchain Technology ETF PAGE 2 TSR-SAR-032108607

32.929.57.57.35.03.12.91.80.79.3 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Bloomberg AI Value Chain ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | AIVC (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Bloomberg AI Value Chain ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Bloomberg AI Value Chain ETF | $31 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $34107962 |
| **Number of Holdings** | 45 |
| **Net Advisory Fee** | $101980 |
| **Portfolio Turnover** | 27% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Lumentum Holdings, Inc.  | 4.2% |
|  DigitalOcean Holdings, Inc.  | 4.1% |
|  Ciena Corp.  | 3.7% |
|  Western Digital Corporation  | 3.4% |
|  Dell Technologies, Inc. - Class C  | 3.0% |
|  Samsung Electronics Co. Ltd.  | 2.9% |
|  Coherent Corp.  | 2.9% |
|  Monolithic Power Systems, Inc.  | 2.7% |
|  SK Hynix, Inc.  | 2.6% |
|  ASML Holding NV  | 2.6% |

---

**Sector Breakdown** **\*\***

![image](ts7220img003.jpg)

\* 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 Bloomberg AI Value Chain ETF PAGE 1 TSR-SAR-032108573

93.64.02.10.3 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify BlueStar Israel Technology ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | ITEQ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify BlueStar Israel Technology ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $37 | 0.75% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $106720941 |
| **Number of Holdings** | 59 |
| **Net Advisory Fee** | $380668 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Elbit Systems Ltd.  | 13.7% |
|  First American Government Obligations Fund - Class X  | 11.0% |
|  Tower Semiconductor Ltd.  | 8.7% |
|  Check Point Software Technologies Ltd.  | 5.8% |
|  Nova Ltd.  | 5.2% |
|  Nice Ltd.  | 5.0% |
|  Next Vision Stabilized Systems Ltd.  | 4.4% |
|  Amdocs Ltd.  | 3.9% |
|  Ormat Technologies, Inc.  | 3.8% |
|  Enlight Renewable Energy Ltd.  | 3.8% |

---

**Sector Breakdown** **\*\***

![image](ts7219img003.jpg)

\* 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/.

Amplify BlueStar Israel Technology ETF PAGE 1 TSR-SAR-032108599

------

**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 2 TSR-SAR-032108599

60.616.98.56.53.42.11.10.9 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Cash Flow Dividend Leaders ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | COWS (Principal U.S. Listing Exchange: Nasdaq) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Cash Flow Dividend Leaders ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $4 | 0.08% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $30369568 |
| **Number of Holdings** | 41 |
| **Net Advisory Fee** | $10128 |
| **Portfolio Turnover** | 228% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Cheniere Energy, Inc.  | 3.2% |
|  Delta Air Lines, Inc.  | 3.2% |
|  Dell Technologies, Inc. - Class C  | 3.1% |
|  Range Resources Corp.  | 3.0% |
|  TD SYNNEX Corp.  | 3.0% |
|  Allison Transmission Holdings, Inc.  | 2.9% |
|  Cigna Group  | 2.9% |
|  Roper Technologies, Inc.  | 2.8% |
|  Owens Corning  | 2.8% |
|  EQT Corp.  | 2.8% |

---

**Sector Breakdown** **\*\***

![image](ts7224img003.jpg)

\* 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):**

Amplify Investments LLC has agreed to waive its management fees so that the COWS total annual operating expenses will not exceed 0.19% of assets under management, for assets up to $100 million, through January 28, 2027.

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 1 TSR-SAR-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 2 TSR-SAR-032108698

30.515.415.09.18.38.34.92.82.82.9 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify CEF High Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | YYY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify CEF High Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 CEF High Income ETF | $25 | 0.50% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $662596601 |
| **Number of Holdings** | 61 |
| **Net Advisory Fee** | $1659121 |
| **Portfolio Turnover** | 32% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Tortoise Energy Infrastructure Corp.  | 4.1% |
|  Royce Small-Cap Trust, Inc.  | 3.3% |
|  BlackRock Capital Allocation Term Trust  | 3.3% |
|  abrdn Total Dynamic Dividend Fund  | 3.3% |
|  DoubleLine Income Solutions Fund  | 3.3% |
|  Nuveen Floating Rate Income Fund  | 3.2% |
|  abrdn Healthcare Investors  | 3.1% |
|  BlackRock ESG Capital Allocation Term Trust  | 3.0% |
|  Nuveen Credit Strategies Income Fund  | 2.9% |
|  Western Asset Diversified Income Fund  | 2.9% |

---

\* Percentages are stated as a percent of net assets.

**Fund Name Change:**

Effective on October 13, 2025, YYY's name changed to the Amplify CEF High Income ETF.

**Other Material Fund Changes:** 

Effective September 2, 2025, YYY's underlying index name changed to the Nasdaq CEF High Income Index.

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 CEF High Income ETF PAGE 1 TSR-SAR-032108847

------

**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 CEF High Income ETF PAGE 2 TSR-SAR-032108847

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify COWS Covered Call ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | HCOW (Principal U.S. Listing Exchange: Nasdaq) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify COWS Covered Call ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.***

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify COWS Covered Call ETF | $33 | 0.65% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $14518359 |
| **Number of Holdings** | 99 |
| **Net Advisory Fee** | $42901 |
| **Portfolio Turnover** | 335% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Amplify Cash Flow Dividend Leaders ETF  | 4.2% |
|  Cheniere Energy, Inc.  | 3.1% |
|  Delta Air Lines, Inc.  | 3.1% |
|  Dell Technologies, Inc. - Class C  | 3.0% |
|  Range Resources Corp.  | 2.9% |
|  TD SYNNEX Corp.  | 2.9% |
|  Allison Transmission Holdings, Inc.  | 2.8% |
|  Cigna Group  | 2.8% |
|  Owens Corning  | 2.7% |
|  Roper Technologies, Inc.  | 2.7% |

---

\* 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 COWS Covered Call ETF PAGE 1 TSR-SAR-032108680

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify CWP Enhanced Dividend Income** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | DIVO (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify CWP Enhanced Dividend Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $28 | 0.54% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $6625279196 |
| **Number of Holdings** | 34 |
| **Net Advisory Fee** | $16001214 |
| **Portfolio Turnover** | 43% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  RTX Corp.  | 5.3% |
|  Microsoft Corp.  | 5.1% |
|  Caterpillar, Inc.  | 5.0% |
|  JPMorgan Chase & Co.  | 4.9% |
|  Goldman Sachs Group, Inc.  | 4.9% |
|  Apple, Inc.  | 4.9% |
|  American Express Co.  | 4.9% |
|  Chevron Corp.  | 4.8% |
|  TJX Cos., Inc.  | 4.7% |
|  Amplify Samsung SOFR ETF  | 4.4% |

---

**Sector Breakdown** **\*\***

![image](ts7226img003.jpg)

\* 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/.

Amplify CWP Enhanced Dividend Income ETF PAGE 1 TSR-SAR-032108409

------

**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-SAR-032108409

23.114.213.913.08.87.86.03.02.18.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify CWP Growth & Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | QDVO (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify CWP Growth & Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $27 | 0.55% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $584844861 |
| **Number of Holdings** | 50 |
| **Net Advisory Fee** | $1396589 |
| **Portfolio Turnover** | 86% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  NVIDIA Corp.  | 10.8% |
|  Apple, Inc.  | 10.1% |
|  Microsoft Corp.  | 7.9% |
|  Alphabet, Inc. - Class A  | 7.8% |
|  Amazon.com, Inc.  | 5.6% |
|  Meta Platforms, Inc. - Class A  | 4.0% |
|  Tesla, Inc.  | 3.9% |
|  Broadcom, Inc.  | 3.8% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 3.5% |
|  Amplify Samsung SOFR ETF  | 2.7% |

---

**Sector Breakdown** **\*\***

![image](ts7227img003.jpg)

\* 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/.

Amplify CWP Growth & Income ETF PAGE 1 TSR-SAR-032108524

------

**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-SAR-032108524

45.416.512.06.86.63.52.01.80.84.6 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify CWP International Enhanced** **Dividend Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | IDVO (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify CWP International Enhanced Dividend Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **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 | $34 | 0.65% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1026488236 |
| **Number of Holdings** | 66 |
| **Net Advisory Fee** | $2296342 |
| **Portfolio Turnover** | 60% |

---

Amplify CWP International Enhanced Dividend Income ETF PAGE 1 TSR-SAR-032108722

------

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  First American Government Obligations Fund - Class X  | 10.1% |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 4.1% |
|  Nutrien Ltd.  | 3.7% |
|  Bank of Montreal  | 3.1% |
|  Alibaba Group Holding Ltd.  | 2.9% |
|  Cameco Corp.  | 2.9% |
|  Mitsubishi UFJ Financial Group, Inc.  | 2.8% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 2.6% |
|  America Movil SAB de CV  | 2.6% |
|  AstraZeneca PLC  | 2.6% |

---

**Geographic Breakdown (%)**

![image](ts7228img003.jpg)

**Sector Breakdown** **\*\***

![image](ts7228img004.jpg)

\* 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 International Enhanced Dividend Income ETF PAGE 2 TSR-SAR-032108722

20.516.710.16.95.24.84.23.93.424.319.215.211.510.77.77.67.36.35.78.8 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Cybersecurity ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | HACK (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Cybersecurity ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Cybersecurity ETF | $28 | 0.60% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1881086965 |
| **Number of Holdings** | 24 |
| **Net Advisory Fee** | $6334015 |
| **Portfolio Turnover** | 21% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Broadcom, Inc.  | 6.8% |
|  Palo Alto Networks, Inc.  | 5.8% |
|  Cisco Systems, Inc.  | 5.8% |
|  Cloudflare, Inc. - Class A  | 5.8% |
|  Crowdstrike Holdings, Inc. - Class A  | 5.5% |
|  Fastly, Inc. - Class A  | 5.5% |
|  General Dynamics Corp.  | 5.0% |
|  Fortinet, Inc.  | 5.0% |
|  Northrop Grumman Corp.  | 4.5% |
|  Okta, Inc.  | 4.5% |

---

**Sector Breakdown** **\*\***

![image](ts7229img003.jpg)

\* 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 Cybersecurity ETF PAGE 1 TSR-SAR-032108664

89.39.51.2 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Digital Payments ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | IPAY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Digital Payments ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Digital Payments ETF | $33 | 0.75% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $162134041 |
| **Number of Holdings** | 42 |
| **Net Advisory Fee** | $791401 |
| **Portfolio Turnover** | 22% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Mastercard, Inc. - Class A  | 6.1% |
|  Visa, Inc. - Class A  | 6.1% |
|  Capital One Financial Corp.  | 5.6% |
|  American Express Co.  | 5.6% |
|  Block, Inc.  | 5.5% |
|  Adyen NV  | 5.3% |
|  PayPal Holdings, Inc.  | 5.2% |
|  Wise PLC - Class A  | 4.9% |
|  Coinbase Global, Inc. - Class A  | 4.9% |
|  Toast, Inc. - Class A  | 4.7% |

---

**Geographic Breakdown (%)**

![image](ts7231img003.jpg)

\* 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 Digital Payments ETF PAGE 1 TSR-SAR-032108656

80.75.45.23.01.71.50.90.80.70.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Energy & Natural Resources** **Covered Call ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | NDIV (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Energy & Natural Resources Covered Call ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 Energy & Natural Resources Covered Call ETF | $34 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $26911532 |
| **Number of Holdings** | 59 |
| **Net Advisory Fee** | $46503 |
| **Portfolio Turnover** | 45% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Petroleo Brasileiro SA - Petrobras  | 6.6% |
|  LyondellBasell Industries NV - Class A  | 6.4% |
|  Dow, Inc.  | 6.0% |
|  Atlas Energy Solutions, Inc.  | 4.7% |
|  CVR Partners LP  | 4.6% |
|  FLEX LNG Ltd.  | 4.6% |
|  Northern Oil & Gas, Inc.  | 4.5% |
|  Eastman Chemical Co.  | 4.5% |
|  Kinetik Holdings, Inc.  | 4.5% |
|  First American Government Obligations Fund - Class X  | 4.3% |

---

---

| | |
|:---|:---|
| **Geographic Breakdown** | **(%)** |
|  United States  | 73.0% |
|  Canada  | 12.8% |
|  Brazil  | 6.6% |
|  Bermuda  | 4.6% |
|  France  | 3.5% |
|  United Kingdom  | 3.3% |
|  Cash & Other  | -3.8% |

---

\* Percentages are stated as a percent of net assets.

**Fund Name Change:**

Effective on January 28, 2025, NDIV's name changed to the Amplify Energy & Natural Resources Covered Call ETF.

**Changes to the Fund's Principal Investment Strategy:**

Effective November 12, 2025, NDIV changed its underlying index to the VettaFi Energy & Natural Resources Covered Call ETF. The index is comprised of dividend-paying energy and natural resources companies while generating income by selling covered call options on those holdings, providing current income with partial participation in equity market gains.

Amplify Energy & Natural Resources Covered Call ETF PAGE 1 TSR-SAR-032108730

------

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 Energy & Natural Resources Covered Call ETF PAGE 2 TSR-SAR-032108730

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Ethereum 3% Monthly Option** **Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | ETTY (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Ethereum 3% Monthly Option Income ETF (the "Fund") for the period of October 8, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Ethereum 3% Monthly Option Income ETF | $35 | 0.97% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $2613568 |
| **Number of Holdings** | 10 |
| **Net Advisory Fee** | $8273 |
| **Portfolio Turnover** | 21% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  iShares Ethereum Trust ETF  | 23.7% |
|  United States Treasury Bill  | 22.9% |
|  United States Treasury Bill  | 11.5% |
|  iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05  | 11.3% |
|  United States Treasury Bill  | 9.6% |
|  United States Treasury Bill  | 9.5% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 8.1% |
|  United States Treasury Bill  | 5.8% |
|  iShares Ethereum Trust ETF, Expiration: 04/07/2026; Exercise Price: $16.87 (Short)  | -0.6% |
|  iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05 (Short)  | -1.8% |

---

\* 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 Ethereum 3% Monthly Option Income ETF | PAGE 1 | TSR-SAR-032108425 |

---

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Ethereum Max Income Covered** **Call ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | EHY (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Ethereum Max Income Covered Call ETF (the "Fund") for the period of October 8, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Ethereum Max Income Covered Call ETF | $31 | 0.86% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $3579104 |
| **Number of Holdings** | 7 |
| **Net Advisory Fee** | $9237 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Invesco Government & Agency Portfolio - Institutional Class  | 32.3% |
|  United States Treasury Bill  | 16.8% |
|  United States Treasury Bill  | 16.8% |
|  iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05  | 15.7% |
|  United States Treasury Bill  | 9.8% |
|  iShares Ethereum Trust ETF, Expiration: 04/07/2026; Exercise Price: $16.87 (Short)  | -1.2% |
|  iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05 (Short)  | -2.5% |

---

\* 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 Ethereum Max Income Covered Call ETF PAGE 1 TSR-SAR-032108417

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Etho Climate Leadership U.S. ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | ETHO (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Etho Climate Leadership U.S. ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **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 | $23 | 0.45% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $155398500 |
| **Number of Holdings** | 302 |
| **Net Advisory Fee** | $356968 |
| **Portfolio Turnover** | 4% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Lumentum Holdings, Inc.  | 3.1% |
|  Bloom Energy Corp. - Class A  | 1.9% |
|  Ciena Corp.  | 1.8% |
|  Arrowhead Pharmaceuticals, Inc.  | 1.4% |
|  Teradyne, Inc.  | 1.0% |
|  FormFactor, Inc.  | 0.9% |
|  Five Below, Inc.  | 0.8% |
|  MKS, Inc.  | 0.8% |
|  Modine Manufacturing Co.  | 0.8% |
|  Amkor Technology, Inc.  | 0.7% |

---

**Sector Breakdown** **\*\***

![image](ts7232img003.jpg)

\* 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 Etho Climate Leadership U.S. ETF PAGE 1 TSR-SAR-032108557

30.415.813.713.412.64.23.42.72.21.6 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify HACK Cybersecurity Covered Call** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | HAKY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify HACK Cybersecurity Covered Call ETF (the "Fund") for the period of January 20, 2026, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify HACK Cybersecurity Covered Call ETF | $13 | 0.71% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1841248 |
| **Number of Holdings** | 65 |
| **Net Advisory Fee** | $2146 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Broadcom, Inc.  | 6.9% |
|  Crowdstrike Holdings, Inc. - Class A  | 5.8% |
|  Palo Alto Networks, Inc.  | 5.8% |
|  Cisco Systems, Inc.  | 5.8% |
|  Cloudflare, Inc. - Class A  | 5.5% |
|  Fastly, Inc. - Class A  | 5.2% |
|  Northrop Grumman Corp.  | 5.0% |
|  General Dynamics Corp.  | 5.0% |
|  Fortinet, Inc.  | 4.8% |
|  F5, Inc.  | 4.5% |

---

\* 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 HACK Cybersecurity Covered Call ETF PAGE 1 TSR-SAR-032108359

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Junior Silver Miners ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SILJ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Junior Silver Miners ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Junior Silver Miners ETF | $40 | 0.69% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $4027866539 |
| **Number of Holdings** | 62 |
| **Net Advisory Fee** | $13723017 |
| **Portfolio Turnover** | 19% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  First Majestic Silver Corp.  | 11.2% |
|  Coeur Mining, Inc.  | 9.9% |
|  Hecla Mining Co.  | 9.0% |
|  Wheaton Precious Metals Corp.  | 6.0% |
|  First American Government Obligations Fund - Class X  | 4.9% |
|  Endeavour Silver Corp.  | 4.1% |
|  Hycroft Mining Holding Corp.  | 4.0% |
|  Cia de Minas Buenaventura SAA  | 3.9% |
|  Pan American Silver Corp.  | 3.8% |
|  Perpetua Resources Corp.  | 3.7% |

---

---

| | |
|:---|:---|
| **Geographic Breakdown** | **(%)** |
|  Canada  | 54.6% |
|  United States  | 37.2% |
|  Peru  | 5.0% |
|  Poland  | 3.1% |
|  Sweden  | 2.8% |
|  Mexico  | 1.7% |
|  Australia  | 0.5% |
|  Cash & Other  | -4.9% |

---

\* 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 Junior Silver Miners ETF PAGE 1 TSR-SAR-032108649

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Lithium & Battery Technology ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | BATT (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Lithium & Battery Technology ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $32 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $108303361 |
| **Number of Holdings** | 54 |
| **Net Advisory Fee** | $294842 |
| **Portfolio Turnover** | 33% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Contemporary Amperex Technology Co. Ltd. - Class A  | 8.0% |
|  BHP Group Ltd.  | 6.9% |
|  Tesla, Inc.  | 6.7% |
|  BYD Co. Ltd. - Class H  | 6.5% |
|  Freeport-McMoRan, Inc.  | 5.2% |
|  Grupo Mexico SAB de CV - Class B  | 2.6% |
|  Bloom Energy Corp. - Class A  | 2.5% |
|  Teck Resources Ltd. - Class B  | 2.2% |
|  Albemarle Corp.  | 2.2% |
|  TDK Corp.  | 2.1% |

---

**Sector Breakdown** **\*\***

![image](ts7234img003.jpg)

\* 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/.

Amplify Lithium & Battery Technology ETF PAGE 1 TSR-SAR-032108805

------

**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-SAR-032108805

55.223.217.14.00.5 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Municipal CEF High Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | YYYM (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Municipal CEF High Income ETF (the "Fund") for the period of March 9, 2026, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Municipal CEF High Income ETF | $3 | 0.50% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $388212 |
| **Number of Holdings** | 31 |
| **Net Advisory Fee** | $113 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  DWS Municipal Income Trust  | 3.9% |
|  Nuveen New York AMT-Free Quality Municipal Income Fund  | 3.9% |
|  Nuveen Municipal High Income Opportunity Fund  | 3.7% |
|  Nuveen Pennsylvania Quality Municipal Income Fund  | 3.7% |
|  Invesco Pennsylvania Value Municipal Income Trust  | 3.7% |
|  Nuveen California Quality Municipal Income Fund  | 3.7% |
|  Nuveen New York Quality Municipal Income Fund  | 3.7% |
|  Invesco Municipal Opportunity Trust  | 3.7% |
|  Invesco Municipal Trust  | 3.6% |
|  Invesco Value Municipal Income Trust  | 3.6% |

---

\* 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 Municipal CEF High Income ETF PAGE 1 TSR-SAR-032108342

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Online Retail ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | IBUY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Online Retail ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $29 | 0.65% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $109054214 |
| **Number of Holdings** | 83 |
| **Net Advisory Fee** | $457061 |
| **Portfolio Turnover** | 20% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Figs, Inc. - Class A  | 5.5% |
|  Liquidity Services, Inc.  | 3.7% |
|  First American Government Obligations Fund - Class X  | 3.5% |
|  eBay, Inc.  | 3.2% |
|  Expedia Group, Inc.  | 3.0% |
|  MSC Industrial Direct Co., Inc. - Class A  | 3.0% |
|  Airbnb, Inc. - Class A  | 2.9% |
|  Maplebear, Inc.  | 2.9% |
|  Revolve Group, Inc.  | 2.9% |
|  Carvana Co.  | 2.8% |

---

**Geographic Breakdown (%)**

![image](ts7236img003.jpg)

\* 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 Online Retail ETF PAGE 1 TSR-SAR-032108102

79.05.43.93.72.31.21.11.11.01.3 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Samsung SOFR ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SOFR (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Samsung SOFR ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $10 | 0.20% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $413379223 |
| **Number of Holdings** | 5 |
| **Net Advisory Fee** | $362179 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  SOF REPO 04/02/26 3.72%  | 33.9% |
|  SOF REPO 04/01/26 3.73%  | 32.3% |
|  SOF REPO 04/01/26 3.72%  | 19.4% |
|  SOF REPO 04/01/26 3.72%  | 14.5% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 0.0% |

---

\* 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 Samsung SOFR ETF PAGE 1 TSR-SAR-032108672

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Samsung U.S. Natural Gas** **Infrastructure ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | USNG (Principal U.S. Listing Exchange: NYSE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Samsung U.S. Natural Gas Infrastructure ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Samsung U.S. Natural Gas Infrastructure ETF | $32 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $5658322 |
| **Number of Holdings** | 28 |
| **Net Advisory Fee** | $13978 |
| **Portfolio Turnover** | 2% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Williams Cos., Inc.  | 8.8% |
|  Solaris Energy Infrastructure, Inc.  | 8.6% |
|  Kinder Morgan, Inc.  | 8.1% |
|  MPLX LP  | 7.4% |
|  Enbridge, Inc.  | 7.2% |
|  Bloom Energy Corp.  | 4.6% |
|  Plains GP Holdings LP  | 4.3% |
|  TC Energy Corp.  | 4.2% |
|  DT Midstream, Inc.  | 4.0% |
|  Energy Transfer LP  | 3.9% |

---

**Industry Breakdown** **\*\***

![image](ts7245img003.jpg)

\* 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/.

Amplify Samsung U.S. Natural Gas Infrastructure ETF PAGE 1 TSR-SAR-032108441

------

**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 U.S. Natural Gas Infrastructure ETF PAGE 2 TSR-SAR-032108441

82.49.45.21.61.4 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Seymour Cannabis ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | CNBS (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Seymour Cannabis ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $33 | 0.75% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $72496839 |
| **Number of Holdings** | 43 |
| **Net Advisory Fee** | $244504 |
| **Portfolio Turnover** | 3% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Bill  | 51.8% |
|  United States Treasury Bill  | 25.1% |
|  Curaleaf Holdings, Inc.  | 12.7% |
|  Innovative Industrial Properties, Inc.  | 3.2% |
|  United States Treasury Bill  | 1.6% |
|  WM Technology, Inc.  | 1.5% |
|  GrowGeneration Corp.  | 1.0% |
|  United States Treasury Bill  | 0.9% |
|  Chicago Atlantic Real Estate Finance, Inc.  | 0.6% |
|  Glass House Brands, Inc.  | 0.6% |

---

**Geographic Breakdown (%)**

![image](ts7238img003.jpg)

\* Percentages are stated as a percent of net assets.

Amplify Seymour Cannabis ETF PAGE 1 TSR-SAR-032108482

------

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-SAR-032108482

94.91.14.0 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify SILJ Junior Silver Miners Covered** **Call ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SLJY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify SILJ Junior Silver Miners Covered Call ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify SILJ Junior Silver Miners Covered Call ETF | $35 | 0.62% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $35115118 |
| **Number of Holdings** | 50 |
| **Net Advisory Fee** | $66137 |
| **Portfolio Turnover** | 18% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Amplify Junior Silver Miners ETF  | 23.6% |
|  First Majestic Silver Corp.  | 8.0% |
|  Hecla Mining Co.  | 7.7% |
|  McEwen, Inc.  | 6.2% |
|  Seabridge Gold, Inc.  | 5.4% |
|  Endeavour Silver Corp.  | 4.9% |
|  Wheaton Precious Metals Corp.  | 4.5% |
|  United States Treasury Bill  | 4.4% |
|  Skeena Resources Ltd.  | 4.2% |
|  United States Treasury Bill  | 4.1% |

---

\* Percentages are stated as a percent of net assets.

**Fund Name Change:**

Effective on March 2, 2026, SLJY's name changed to the Amplify SILJ Junior Silver Miners Covered Call 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/.

Amplify SILJ Junior Silver Miners Covered Call ETF PAGE 1 TSR-SAR-032108433

------

**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 SILJ Junior Silver Miners Covered Call ETF PAGE 2 TSR-SAR-032108433

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Small-Mid Cap Equity ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SMAP (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Small-Mid Cap Equity ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 Small-Mid Cap Equity ETF | $30 | 0.60% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1223842 |
| **Number of Holdings** | 59 |
| **Net Advisory Fee** | $3487 |
| **Portfolio Turnover** | 25% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Monolithic Power Systems, Inc.  | 3.9% |
|  Casey's General Stores, Inc.  | 3.3% |
|  West Pharmaceutical Services, Inc.  | 3.1% |
|  MKS, Inc.  | 3.0% |
|  Stifel Financial Corp.  | 3.0% |
|  Curtiss-Wright Corp.  | 2.9% |
|  Matador Resources Co.  | 2.8% |
|  Webster Financial Corp.  | 2.7% |
|  Watsco, Inc.  | 2.7% |
|  American Financial Group, Inc.  | 2.6% |

---

**Sector Breakdown** **\*\***

![image](ts7239img003.jpg)

\* 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/.

Amplify Small-Mid Cap Equity ETF PAGE 1 TSR-SAR-032108490

------

**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 Small-Mid Cap Equity ETF PAGE 2 TSR-SAR-032108490

20.316.314.613.38.37.76.35.55.42.3 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Solana 3% Monthly Option Income** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | SOLM (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Solana 3% Monthly Option Income ETF (the "Fund") for the period of November 3, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Solana 3% Monthly Option Income ETF | $54 | 1.76% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1303805 |
| **Number of Holdings** | 10 |
| **Net Advisory Fee** | $2566 |
| **Portfolio Turnover** | 26% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  United States Treasury Bill  | 26.7% |
|  Bitwise Solana Staking ETF  | 23.7% |
|  United States Treasury Bill  | 15.3% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 13.4% |
|  United States Treasury Bill  | 11.5% |
|  Bitwise Solana Staking ETF, Expiration: 04/17/2026; Exercise Price: $10.85  | 5.4% |
|  United States Treasury Bill  | 3.8% |
|  United States Treasury Bill  | 3.8% |
|  Bitwise Solana Staking ETF, Expiration: 04/07/2026; Exercise Price: $11.93 (Short)  | -0.5% |
|  Bitwise Solana Staking ETF, Expiration: 04/17/2026; Exercise Price: $10.85 (Short)  | -3.9% |

---

\* 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 Solana 3% Monthly Option Income ETF | PAGE 1 | TSR-SAR-032108391 |

---

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Stablecoin Technology ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | STBQ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Stablecoin Technology ETF (the "Fund") for the period of December 22, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Stablecoin Technology ETF | $17 | 0.69% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1204879 |
| **Number of Holdings** | 30 |
| **Net Advisory Fee** | $1574 |
| **Portfolio Turnover** | 49% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  iShares Ethereum Trust ETF  | 6.7% |
|  Grayscale Chainlink Trust ETF  | 6.4% |
|  Bitwise Solana Staking ETF  | 6.4% |
|  Mastercard, Inc. - Class A  | 5.5% |
|  PayPal Holdings, Inc.  | 5.3% |
|  Visa, Inc. - Class A  | 5.3% |
|  Block, Inc.  | 5.0% |
|  Shift4 Payments, Inc. - Class A  | 5.0% |
|  Figure Technology Solutions, Inc. - Class A  | 4.8% |
|  Coinbase Global, Inc. - Class A  | 4.7% |

---

\* 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 Stablecoin Technology ETF PAGE 1 TSR-SAR-032108383

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify TLT U.S. Treasury 12% Option** **Income ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | TLTP (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify TLT U.S. Treasury 12% Option Income ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 TLT U.S. Treasury 12% Option Income ETF | $15 | 0.30% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $29094501 |
| **Number of Holdings** | 3 |
| **Net Advisory Fee** | $35751 |
| **Portfolio Turnover** | 10% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  iShares 20+ Year Treasury Bond ETF  | 73.5% |
|  United States Treasury Note/Bond  | 26.7% |
|  iShares 20+ Year Treasury Bond ETF, Expiration: 04/02/2026; Exercise Price: $86.00 (Short)  | -0.4% |

---

\* 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 TLT U.S. Treasury 12% Option Income ETF | PAGE 1 | TSR-SAR-032108516 |

---

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Tokenization Technology ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | TKNQ (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Tokenization Technology ETF (the "Fund") for the period of December 22, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify Tokenization Technology ETF | $17 | 0.69% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $654366 |
| **Number of Holdings** | 60 |
| **Net Advisory Fee** | $1280 |
| **Portfolio Turnover** | 22% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  iShares Ethereum Trust ETF  | 6.2% |
|  Grayscale Chainlink Trust ETF  | 5.9% |
|  Bitwise Solana Staking ETF  | 5.8% |
|  Bitwise XRP ETF  | 4.4% |
|  Invesco Government & Agency Portfolio - Institutional Class  | 2.3% |
|  Industrial & Commercial Bank of China Ltd. - Class H  | 1.9% |
|  Blackrock, Inc.  | 1.8% |
|  Ping An Insurance Group Co. of China Ltd. - Class H  | 1.7% |
|  Akamai Technologies, Inc.  | 1.6% |
|  JPMorgan Chase & Co.  | 1.6% |

---

\* 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 Tokenization Technology ETF PAGE 1 TSR-SAR-032108367

------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Travel Tech ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | AWAY (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Travel Tech ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Travel Tech ETF | $32 | 0.75% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $23994579 |
| **Number of Holdings** | 31 |
| **Net Advisory Fee** | $121382 |
| **Portfolio Turnover** | 32% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Navan, Inc. - Class A  | 4.9% |
|  Trainline PLC  | 4.8% |
|  Uber Technologies, Inc.  | 4.4% |
|  Airbnb, Inc. - Class A  | 4.3% |
|  Expedia Group, Inc.  | 4.2% |
|  Booking Holdings, Inc.  | 4.2% |
|  TripAdvisor, Inc.  | 4.1% |
|  Lyft, Inc. - Class A  | 4.1% |
|  eDreams ODIGEO SA  | 4.0% |
|  Global Business Travel Group I  | 3.9% |

---

**Geographic Breakdown (%)**

![image](ts7240img003.jpg)

\* 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 Travel Tech ETF PAGE 1 TSR-SAR-032108540

42.415.911.59.59.03.93.52.92.41.0 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Video Game Leaders ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | GAMR (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Video Game Leaders ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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.

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Amplify Video Game Leaders ETF | $26 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $34892016 |
| **Number of Holdings** | 22 |
| **Net Advisory Fee** | $127652 |
| **Portfolio Turnover** | 37% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Advanced Micro Devices, Inc.  | 10.9% |
|  NVIDIA Corp.  | 10.1% |
|  Microsoft Corp.  | 9.7% |
|  Tencent Holdings Ltd.  | 9.4% |
|  Meta Platforms, Inc. - Class A  | 8.4% |
|  Sea Ltd.  | 4.7% |
|  AppLovin Corp. - Class A  | 4.6% |
|  Electronic Arts, Inc.  | 4.5% |
|  Sony Group Corp.  | 4.5% |
|  Nintendo Co. Ltd.  | 4.3% |

---

**Geographic Breakdown (%)** **\*\***

![image](ts7241img003.jpg)

\* Percentages are stated as a percent of net assets.

\*\* Less than 0.05%

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 Video Game Leaders ETF PAGE 1 TSR-SAR-032108615

59.016.314.14.72.62.50.00.8 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify Weight Loss Drug & Treatment** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | THNR (Principal U.S. Listing Exchange: NYSE Arca) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify Weight Loss Drug & Treatment ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. 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 LAST SIX MONTHS?** (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 | $30 | 0.59% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $4150997 |
| **Number of Holdings** | 21 |
| **Net Advisory Fee** | $9960 |
| **Portfolio Turnover** | 39% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Novo Nordisk AS  | 11.9% |
|  Eli Lilly & Co.  | 11.6% |
|  Regeneron Pharmaceuticals, Inc.  | 6.8% |
|  Amgen, Inc.  | 6.3% |
|  Chugai Pharmaceutical Co. Ltd.  | 6.0% |
|  CSPC Pharmaceutical Group Ltd.  | 5.0% |
|  AbbVie, Inc.  | 4.8% |
|  Arrowhead Pharmaceuticals, Inc.  | 4.7% |
|  AstraZeneca PLC  | 4.7% |
|  Pfizer, Inc.  | 4.6% |

---

**Sector Breakdown** **\*\***

![image](ts7242img003.jpg)

\* 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/.

Amplify Weight Loss Drug & Treatment ETF PAGE 1 TSR-SAR-032108532

------

**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-SAR-032108532

94.95.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img220219_202411051448883.jpg) | **Amplify XRP 3% Monthly Option Income** **ETF**  | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | XRPM (Principal U.S. Listing Exchange: CBOE) | ![image](img171466_p20241121131268.jpg) |
| ![image](img220219_202411051448883.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img171466_p20241121131268.jpg) |

---

This semi-annual shareholder report contains important information about the Amplify XRP 3% Monthly Option Income ETF (the "Fund") for the period of November 17, 2025, to March 31, 2026. 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** **\*** **<sup>,</sup>** **\*\*** |
| Amplify XRP 3% Monthly Option Income ETF | $22 | 0.75% |

---

\* Amount shown reflects the expenses of the Fund from inception date through March 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

\*\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $8793159 |
| **Number of Holdings** | 10 |
| **Net Advisory Fee** | $16525 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (as of March 31, 2026)\*

---

| | |
|:---|:---|
| **Top Holdings** | **(%)** |
|  Invesco Government & Agency Portfolio - Institutional Class  | 33.8% |
|  Canary XRP ETF  | 20.0% |
|  United States Treasury Bill  | 11.4% |
|  United States Treasury Bill  | 7.4% |
|  United States Treasury Bill  | 5.7% |
|  Canary XRP ETF, Expiration: 04/17/2026; Exercise Price: $14.35  | 3.4% |
|  United States Treasury Bill  | 3.4% |
|  United States Treasury Bill  | 2.3% |
|  Canary XRP ETF, Expiration: 04/07/2026; Exercise Price: $15.42 (Short)  | -0.5% |
|  Canary XRP ETF, Expiration: 04/17/2026; Exercise Price: $14.35 (Short)  | -3.5% |

---

\* Percentages are stated as a percent of net assets.

**Fund Name Change:**

Effective on March 2, 2026, XRPM's name changed to the Amplify XRP 3% Monthly Option 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/.

---

| | | |
|:---|:---|:---|
| Amplify XRP 3% Monthly Option Income ETF | PAGE 1 | TSR-SAR-032108375 |

---

------

**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 XRP 3% Monthly Option Income ETF | PAGE 2 | TSR-SAR-032108375 |

---

------

**<u>Item 2. Code of Ethics.</u>**

Not applicable for semi-annual reports.

**<u>Item 3. Audit Committee Financial Expert.</u>**

Not applicable for semi-annual reports.

**<u>Item 4. Principal Accountant Fees and Services.</u>**

Not applicable for semi-annual reports.

**<u>Item 5. Audit Committee of Listed Registrants.</u>**

Not applicable for semi-annual reports.

**<u>Item 6. Investments.</u>**

Schedule of Investments is included within the financial statements filed under Item 7 of this Form.

**<u>Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.</u>**

![](amplify_1.jpg)

**AMPLIFY ETF TRUST** 

---

| | |
|:---|:---|
| **AIEQ** | **Amplify AI Powered Equity ETF**  |
| **MJ** | **Amplify Alternative Harvest ETF**  |
| **BITY** | **Amplify Bitcoin 2% Monthly Option Income ETF**  |
| **BAGY** | **Amplify Bitcoin Max Income Covered Call ETF**  |
| **SWAN** | **Amplify BlackSwan Growth & Treasury Core ETF**  |
| **ISWN** | **Amplify BlackSwan ISWN ETF**  |
| **BLOK** | **Amplify Blockchain Technology ETF**  |
| **AIVC** | **Amplify Bloomberg AI Value Chain ETF**  |
| **ITEQ** | **Amplify BlueStar Israel Technology ETF**  |
| **COWS** | **Amplify Cash Flow Dividend Leaders ETF**  |
| **YYY** | **Amplify CEF High Income ETF**  |
| **HCOW** | **Amplify COWS Covered Call 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**  |
| **IPAY** | **Amplify Digital Payments ETF**  |
| **NDIV** | **Amplify Energy & Natural Resources Covered Call ETF**  |
| **ETTY** | **Amplify Ethereum 3% Monthly Option Income ETF**  |
| **EHY** | **Amplify Ethereum Max Income Covered Call ETF**  |
| **ETHO** | **Amplify Etho Climate Leadership U.S. ETF**  |
| **HAKY** | **Amplify HACK Cybersecurity Covered Call ETF**  |
| **SILJ** | **Amplify Junior Silver Miners ETF**  |
| **BATT** | **Amplify Lithium & Battery Technology ETF**  |
| **YYYM** | **Amplify Municipal CEF High Income ETF**  |
| **IBUY** | **Amplify Online Retail ETF**  |
| **SOFR** | **Amplify Samsung SOFR ETF**  |
| **USNG** | **Amplify Samsung U.S. Natural Gas Infrastructure ETF**  |
| **CNBS** | **Amplify Seymour Cannabis ETF**  |
| **SLJY** | **Amplify SILJ Junior Silver Miners Covered Call ETF**  |
| **SMAP** | **Amplify Small-Mid Cap Equity ETF**  |
| **SOLM** | **Amplify Solana 3% Monthly Option Income ETF**  |
| **STBQ** | **Amplify Stablecoin Technology ETF**  |
| **TLTP** | **Amplify TLT U.S. Treasury 12% Option Income ETF**  |
| **TKNQ** | **Amplify Tokenization Technology ETF**  |
| **AWAY** | **Amplify Travel Tech ETF**  |
| **GAMR** | **Amplify Video Game Leaders ETF**  |
| **THNR** | **Amplify Weight Loss Drug & Treatment ETF**  |
| **XRPM** | **Amplify XRP 3% Monthly Option Income ETF** |

---

Semi-Annual

Core Financial Statements and Additional Information

March 31, 2026

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page**  |
| [Schedules of Investments](#s1) | [1](#s1) |
| [Statements of Assets and Liabilities](#sal) | [72](#sal) |
| [Statements of Operations](#sop) | [80](#sop) |
| [Statements of Changes in Net Assets](#scna) | [88](#scna) |
| [Financial Highlights](#fihi) | [107](#fihi) |
| [Notes to the Financial Statements](#notes) | [146](#notes) |
| [Additional Information](#ai1) | [180](#ai1) |
| [Additional Information, N-CSRS – Items 8-11](#ncsr) | [200](#ncsr) |
| [Supplemental Information](#si) | [206](#si) |
| [Privacy Policy](#pp) | [207](#pp) |

---

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**](#TOC)**

**AMPLIFY AI POWERED EQUITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 98.2%**<br>|  |  |
| **Communication Services - 11.4%**<br>|  |  |
| Alphabet, Inc. - Class A | 12665 | $3641947  |
| Alphabet, Inc. - Class C | 9281 | 2662348  |
| AT&T, Inc. | 29340 | 850567  |
| Comcast Corp. - Class A | 6795 | 195084  |
| Meta Platforms, Inc. - Class A | 3892 | 2226730  |
| Netflix, Inc.<sup>(a)</sup> | 15127 | 1454461  |
| T-Mobile US, Inc. | 940 | 197428  |
| Verizon Communications, Inc. | 6409 | 321732  |
| Walt Disney Co. | 10057 | 969294  |
|  |  | 12519591  |
| **Consumer Discretionary - 10.0%**<br>|  |  |
| Amazon.com, Inc.<sup>(a)</sup> | 16073 | 3347524  |
| Carvana Co.<sup>(a)</sup> | 2462 | 774004  |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 11532 | 369139  |
| Hasbro, Inc. | 5170 | 483912  |
| Home Depot, Inc. | 2682 | 882083  |
| Lowe's Cos., Inc. | 632 | 149329  |
| Lululemon Athletica, Inc.<sup>(a)</sup> | 1817 | 278183  |
| Marriott International, Inc. - Class A | 625 | 204419  |
| McDonald's Corporation | 2231 | 693372  |
| NIKE, Inc. - Class B | 6159 | 325318  |
| O'Reilly Automotive, Inc.<sup>(a)</sup> | 6574 | 606846  |
| Starbucks Corp. | 3247 | 290899  |
| Tesla, Inc.<sup>(a)</sup> | 3986 | 1481795  |
| TJX Cos., Inc. | 2825 | 451152  |
| Tractor Supply Co. | 4352 | 197146  |
| Williams-Sonoma, Inc. | 2127 | 387816  |
|  |  | 10922937  |
| **Consumer Staples - 6.2%**<br>|  |  |
| Coca-Cola Co. | 2964 | 225412  |
| Colgate-Palmolive Co. | 2866 | 244269  |
| Conagra Brands, Inc. | 61613 | 968556  |
| Costco Wholesale Corp. | 251 | 250104  |
| Keurig Dr Pepper, Inc. | 5576 | 146816  |
| Kraft Heinz Co. | 15383 | 345964  |
| Monster Beverage Corp.<sup>(a)</sup> | 1937 | 140355  |
| PepsiCo, Inc. | 2279 | 353906  |
| Philip Morris International, Inc. | 5128 | 847863  |
| Procter & Gamble Co. | 6408 | 925571  |
| Sysco Corp. | 13887 | 990560  |
| Tyson Foods, Inc. - Class A | 13337 | 854502  |
| Walmart, Inc. | 3620 | 449894  |
|  |  | 6743772  |
| **Energy - 3.1%**<br>|  |  |
| Baker Hughes Co. | 9078 | 554212  |
| Chevron Corp. | 3903 | 807531  |
| EOG Resources, Inc. | 1772 | 256178  |
| EQT Corp. | 11733 | 746688  |
| Exxon Mobil Corp. | 5775 | 979786  |
|  |  | 3344395  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Financials - 13.7%**<br>|  |  |
| American International Group, Inc. | 3570 | $268642  |
| Ameriprise Financial, Inc. | 452 | 200869  |
| Apollo Global Management, Inc. | 3035 | 338160  |
| Arch Capital Group Ltd.<sup>(a)</sup> | 9434 | 905570  |
| Bank of America Corp. | 11928 | 581490  |
| Berkshire Hathaway, Inc. - Class B<sup>(a)</sup> | 3573 | 1712182  |
| Blackstone, Inc. | 2313 | 265972  |
| Cboe Global Markets, Inc. | 1745 | 490467  |
| Chubb Ltd. | 3593 | 1171066  |
| Everest Group Ltd. | 1387 | 453341  |
| Goldman Sachs Group, Inc. | 658 | 556661  |
| Invesco Ltd. | 17705 | 430054  |
| JPMorgan Chase & Co. | 6238 | 1834970  |
| Loews Corp. | 4943 | 527616  |
| Marsh & McLennan Cos., Inc. | 2076 | 360082  |
| Mastercard, Inc. - Class A | 2383 | 1190690  |
| Morgan Stanley | 4422 | 727729  |
| MSCI, Inc. | 348 | 187575  |
| PNC Financial Services Group, Inc. | 2640 | 549358  |
| Progressive Corp. | 1071 | 212315  |
| S&P Global, Inc. | 443 | 188426  |
| US Bancorp | 8345 | 434023  |
| Visa, Inc. - Class A | 3091 | 934224  |
| W R Berkley Corp. | 2287 | 151582  |
| Wells Fargo & Co. | 4241 | 337626  |
|  |  | 15010690  |
| **Health Care - 8.1%**<br>|  |  |
| Abbott Laboratories | 3961 | 406676  |
| AbbVie, Inc. | 2599 | 565257  |
| Agilent Technologies, Inc. | 1917 | 218500  |
| Cardinal Health, Inc. | 1979 | 418182  |
| Cencora, Inc. | 2320 | 728805  |
| Danaher Corporation | 1372 | 260131  |
| Edwards Lifesciences Corp.<sup>(a)</sup> | 2155 | 172572  |
| Elevance Health, Inc. | 457 | 133787  |
| Eli Lilly and Co. | 1382 | 1271122  |
| HCA Healthcare, Inc. | 1161 | 549432  |
| Hologic, Inc.<sup>(a)</sup> | 2621 | 198121  |
| Johnson & Johnson | 4539 | 1109513  |
| McKesson Corp. | 545 | 471621  |
| Merck & Co., Inc. | 3429 | 412474  |
| Revvity, Inc. | 2726 | 238825  |
| Thermo Fisher Scientific, Inc. | 590 | 290003  |
| UnitedHealth Group, Inc. | 1396 | 377744  |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 1392 | 621584  |
| West Pharmaceutical Services, Inc. | 1435 | 359668  |
|  |  | 8804017  |
| **Industrials - 10.0%**<br>|  |  |
| Automatic Data Processing, Inc. | 2146 | 436024  |
| Boeing Co.<sup>(a)</sup> | 6056 | 1205326  |
| Builders FirstSource, Inc.<sup>(a)</sup> | 2772 | 228219  |
| Caterpillar, Inc. | 979 | 693582 |

---

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY AI POWERED EQUITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** |
| **Industrials - (Continued)**  | **Industrials - (Continued)**  | **Industrials - (Continued)**  |
|  Expeditors International of Washington, Inc. | 1276 | $182761  |
| Fastenal Co. | 8120 | 376768  |
| Fortive Corp. | 9836 | 543734  |
| GE Vernova, Inc. | 494 | 431213  |
| General Electric Co. | 692 | 196369  |
| Ingersoll Rand, Inc. | 2513 | 201342  |
| Lockheed Martin Corp. | 710 | 429117  |
| Old Dominion Freight Line, Inc. | 1235 | 241319  |
| PACCAR, Inc. | 1967 | 227188  |
| Parker-Hannifin Corp. | 1304 | 1167393  |
| Quanta Services, Inc. | 1524 | 836706  |
| RTX Corp. | 3806 | 734177  |
| Textron, Inc. | 3219 | 281856  |
| TransDigm Group, Inc. | 132 | 152983  |
| Uber Technologies, Inc.<sup>(a)</sup> | 11261 | 810004  |
| United Airlines Holdings, Inc.<sup>(a)</sup> | 5751 | 529495  |
| Veralto Corp. | 2345 | 207345  |
| Verisk Analytics, Inc. | 1126 | 213658  |
| Vertiv Holdings Co. - Class A | 1853 | 464325  |
| Xylem, Inc. | 1392 | 166344  |
|  |  | 10957248  |
| **Information Technology - 32.0%<sup>(b)</sup>**<br>|  |  |
| Accenture PLC - Class A | 1155 | 229025  |
| Adobe, Inc.<sup>(a)</sup> | 1125 | 273465  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 2039 | 414794  |
| Amphenol Corp. - Class A | 3461 | 437297  |
| Apple, Inc. | 27191 | 6900804  |
| Applied Materials, Inc. | 1575 | 538319  |
| Arista Networks, Inc.<sup>(a)</sup> | 2149 | 263854  |
| Autodesk, Inc.<sup>(a)</sup> | 1388 | 332287  |
| Broadcom, Inc. | 7431 | 2299969  |
| Cisco Systems, Inc. | 5069 | 393304  |
| Coherent Corp.<sup>(a)</sup> | 1732 | 412580  |
| Gartner, Inc.<sup>(a)</sup> | 1335 | 211384  |
| Intel Corp.<sup>(a)</sup> | 4747 | 209485  |
| International Business Machines Corp. | 1590 | 385400  |
| KLA Corp. | 170 | 250310  |
| Lam Research Corp. | 1342 | 286732  |
| Microchip Technology, Inc. | 6280 | 405751  |
| Micron Technology, Inc. | 2965 | 1001696  |
| Microsoft Corp. | 14012 | 5186822  |
| Motorola Solutions, Inc. | 235 | 101983  |
| NetApp, Inc. | 3291 | 336965  |
| NVIDIA Corp. | 46801 | 8162094  |
| Oracle Corp. | 5879 | 864860  |
| Palantir Technologies, Inc. - Class A<sup>(a)</sup> | 5556 | 812732  |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 3272 | 524567  |
| Qualcomm, Inc. | 9884 | 1272861  |
| Sandisk Corp.<sup>(a)</sup> | 364 | 231264  |
| Seagate Technology Holdings PLC | 444 | 173941  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Super Micro Computer, Inc.<sup>(a)</sup> | 37782 | $860296  |
| Synopsys, Inc.<sup>(a)</sup> | 1420 | 563002  |
| Teradyne, Inc. | 996 | 295274  |
| Zebra Technologies Corp. - Class A<sup>(a)</sup> | 1615 | 337664  |
|  |  | 34970781  |
| **Materials - 3.0%**<br>|  |  |
| Albemarle Corp. | 1955 | 350981  |
| Avery Dennison Corp. | 1206 | 208252  |
| Dow, Inc. | 10012 | 417000  |
| Freeport-McMoRan, Inc. | 2960 | 173989  |
| Linde PLC | 1493 | 740170  |
| Newmont Corp. | 4238 | 458763  |
| Smurfit Westrock PLC | 7564 | 301425  |
| Vulcan Materials Co. | 2342 | 637727  |
|  |  | 3288307  |
| **Utilities - 0.7%**<br>|  |  |
| American Water Works Co., Inc. | 2724 | 370709  |
| Exelon Corporation | 3269 | 160246  |
| PG&E Corporation | 11378 | 199912  |
|  |  | 730867  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $106,351,153)** |  | 107292605  |
| **REAL ESTATE INVESTMENT TRUSTS - 1.7%** | **REAL ESTATE INVESTMENT TRUSTS - 1.7%** | **REAL ESTATE INVESTMENT TRUSTS - 1.7%** |
| **Real Estate - 1.7%**<br>|  |  |
| BXP, Inc. | 5697 | 295674  |
| Digital Realty Trust, Inc. | 1205 | 217153  |
| Equinix, Inc. | 260 | 254862  |
| Invitation Homes, Inc. | 6148 | 152778  |
| Simon Property Group, Inc. | 3020 | 563321  |
| Welltower, Inc. | 1708 | 337689  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS** <br>**(Cost $1,835,549)** |  | 1821477  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(c)</sup> | 261165 | 261165  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $261,165)** |  | 261165  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.1%**<br>**(Cost $108,447,867)** |  | $109375247  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.1)% |  | (55793)  |
| **TOTAL NET ASSETS - 100.0%** |  | $109319454 |

---

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY AI POWERED EQUITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ALTERNATIVE HARVEST ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 50.5%**<br>|  |  |
| **Consumer Staples - 5.6%**<br>|  |  |
| Village Farms International, Inc.<sup>(a)</sup> | 2270480 | $6448163  |
| **Health Care - 44.9%<sup>(b)</sup>**<br>|  |  |
| Aurora Cannabis, Inc.<sup>(a)(c)</sup> | 1249667 | 4086411  |
| Canopy Growth Corp.<sup>(a)(c)</sup> | 8479893 | 8049114  |
| Cronos Group, Inc.<sup>(a)</sup> | 3877484 | 9732485  |
| High Tide, Inc.<sup>(a)(c)</sup> | 1714926 | 3927181  |
| Organigram Global, Inc.<sup>(a)</sup> | 2028282 | 2717898  |
| SNDL, Inc.<sup>(a)</sup> | 5329199 | 7034543  |
| Tilray Brands, Inc.<sup>(a)(c)</sup> | 2535417 | 16404148  |
|  |  | 51951780  |
| **Industrials - 0.0%<sup>(d)</sup>**<br>|  |  |
| Empresas ICA SAB de CV<sup>(a)(e)</sup> | 151840 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $78,032,419)** |  | 58399943  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 49.0%**<br>|  |  |
| Amplify Seymour Cannabis ETF<sup>(a)(f)(g)</sup> | 2575407 | 56761970  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $54,206,919)** |  | 56761970  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 26.2%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(h)</sup> | 30257337 | 30257337  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $30,257,337)** |  | 30257337  |
| **MONEY MARKET FUNDS - 0.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(h)</sup> | 388648 | 388648  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $388,648)** |  | 388648  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 126.0%**<br>**(Cost $162,885,323)** |  | $145807898  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (26.0)% |  | (30076375)  |
| **TOTAL NET ASSETS - 100.0%** |  | $115731523 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $30,128,313.

<sup>(d)</sup> Represents less than 0.05% of net assets.

<sup>(e)</sup> 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 March 31, 2026.

<sup>(f)</sup> 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.

<sup>(g)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(h)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS - 23.4%** | **EXCHANGE TRADED FUNDS - 23.4%** | **EXCHANGE TRADED FUNDS - 23.4%** | **EXCHANGE TRADED FUNDS - 23.4%** |
|  iShares Bitcoin Trust ETF<sup>(a)</sup> |  | 69076 | $2653900  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $4,192,508)** |  |  | 2653900  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 11.2%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 11.2%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 11.2%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 11.2%<sup>(a)</sup>**  |
| **Call Options - 11.2%** | **Call Options - 11.2%** |  |  |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50<sup>(b)(c)(d)</sup> | $8542932 | 534 | 1275437  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $1,387,024)** |  |  | 1275437  |
|  |  | **Par** |  |
| **SHORT-TERM INVESTMENTS**  | **SHORT-TERM INVESTMENTS**  | **SHORT-TERM INVESTMENTS**  | **SHORT-TERM INVESTMENTS**  |
| **U.S. TREASURY BILLS - 35.4%** | **U.S. TREASURY BILLS - 35.4%** |  |  |
| 3.58%, 05/07/2026<sup>(e)</sup> |  | $4036000 | 4021289  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $4,021,672)** |  |  | 4021289  |
|  |  | **Shares** |  |
| **MONEY MARKET FUNDS - 0.2%** | **MONEY MARKET FUNDS - 0.2%** | **MONEY MARKET FUNDS - 0.2%** |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> |  | 20107 | 20107  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $20,107)** |  |  | 20107  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 70.2%**<br>**(Cost $9,621,311)** |  |  | $7970733  |
|  Other Assets in Excess of Liabilities - 29.8% |  |  | 3384030  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $11354763 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount**  | **Contracts**  | **Value**  |
| **WRITTEN OPTIONS - (10.4)%** | **WRITTEN OPTIONS - (10.4)%** | **WRITTEN OPTIONS - (10.4)%** | **WRITTEN OPTIONS - (10.4)%** |
| **Call Options - (0.4)%**  | **Call Options - (0.4)%**  | **Call Options - (0.4)%**  | **Call Options - (0.4)%**  |
| Cboe Mini Bitcoin U.S. ETF Index, Expiration: 04/07/2026; Exercise Price: $169.58<sup>(a)(b)</sup>  | $(8542932)  | &nbsp;&nbsp;&nbsp;&nbsp;(534)  | $(45924)  |
| **Put Options - (10.0)%**  | **Put Options - (10.0)%**  | **Put Options - (10.0)%**  | **Put Options - (10.0)%**  |
| Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50<sup>(a)(b)</sup>  | (8542932)  | &nbsp;&nbsp;&nbsp;&nbsp;(534)  | (1138451)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $1,298,236)**  |  |  | $(1184375) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN MAX INCOME COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **PURCHASED OPTIONS - 15.1%<sup>(a)</sup>** | **PURCHASED OPTIONS - 15.1%<sup>(a)</sup>** | **PURCHASED OPTIONS - 15.1%<sup>(a)</sup>** | **PURCHASED OPTIONS - 15.1%<sup>(a)</sup>** |
| **Call Options - 15.1%**<br>|  |  |  |
|  Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50<sup>(b)(c)(d)</sup> | $11006624 | 688 | $1643260  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $1,804,122)** |  |  | 1643260  |
|  |  | **Par** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 27.8%** | **U.S. TREASURY BILLS - 27.8%** |  |  |
| &nbsp;&nbsp;&nbsp; 3.58%, 05/07/2026<sup>(e)</sup> |  | $3027000 | 3015967  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $3,016,255)** |  |  | 3015967  |
|  |  | **Shares** |  |
| **MONEY MARKET FUNDS - 20.4%** | **MONEY MARKET FUNDS - 20.4%** |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> |  | 2214944 | 2214944  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $2,214,944)** |  |  | 2214944  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 63.3%**<br>**(Cost $7,035,321)** |  |  | $6874171  |
|  Other Assets in Excess of Liabilities - 36.7% |  |  | 3981638  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $10855809 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

7<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN MAX INCOME COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (14.1)%**<br>|  |  |  |
| **Call Options - (0.6)%** | **Call Options - (0.6)%** | **Call Options - (0.6)%** | **Call Options - (0.6)%** |
| Cboe Mini Bitcoin U.S. ETF Index, Expiration: 04/07/2026; Exercise Price: $169.34<sup>(a)(b)</sup> | $(11006624) | &nbsp;&nbsp;&nbsp;&nbsp;(688) | $(62608)  |
| **Put Options - (13.5)%** | **Put Options - (13.5)%** | **Put Options - (13.5)%** | **Put Options - (13.5)%** |
| Cboe Mini Bitcoin U.S. ETF Index, Expiration: 09/18/2026; Exercise Price: $160.50<sup>(a)(b)</sup> | (11006624) | &nbsp;&nbsp;&nbsp;&nbsp;(688) | (1466768)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $1,649,581)** |  |  | $(1529376) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

8<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **U.S. TREASURY SECURITIES - 89.2%** | **U.S. TREASURY SECURITIES - 89.2%** | **U.S. TREASURY SECURITIES - 89.2%** | **U.S. TREASURY SECURITIES - 89.2%** |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp;&nbsp; 1.63%, 05/15/2031 |  | $35774000 | $31915020  |
| &nbsp;&nbsp;&nbsp; 1.38%, 11/15/2031 |  | 36802000 | 31932204  |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/15/2032 |  | 33918000 | 31740491  |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/15/2032 |  | 31568000 | 31598828  |
| &nbsp;&nbsp;&nbsp; 3.38%, 05/15/2033 |  | 33224000 | 31669220  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/2033 |  | 30899000 | 31559828  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/15/2034 |  | 31195000 | 31547772  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/15/2034 |  | 31562000 | 31578028  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/2035 |  | 32043000 | 31987300  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/2035 |  | 32785000 | 32008917  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $320,027,066)** |  |  | 317537608  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 9.4%<sup>(a)</sup>** | **PURCHASED OPTIONS - 9.4%<sup>(a)</sup>** |  |  |
| **Call Options - 9.4%**<br>|  |  |  |
| SPDR S&P 500 ETF Trust<sup>(b)(c)</sup> | SPDR S&P 500 ETF Trust<sup>(b)(c)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: <br>$560.01 | $139042692 | 2138 | 21253858  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 12/18/2026; Exercise Price: <br>$645.01 | 136766502 | 2103 | 12010233  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $38,073,750)** |  |  | 33264091  |
|  |  | **Shares** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.2%** | **MONEY MARKET FUNDS - 0.2%** |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> |  | 850000 | 850000  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $850,000)** |  |  | 850000  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 98.8%**<br>**(Cost $358,950,816)** |  |  | $351651699  |
|  Other Assets in Excess of Liabilities - 1.2% |  |  | 4140591  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $355792290 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Exchange-traded.

<sup>(c)</sup> 100 shares per contract.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

9<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLACKSWAN ISWN ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **U.S. TREASURY SECURITIES - 86.3%** | **U.S. TREASURY SECURITIES - 86.3%** | **U.S. TREASURY SECURITIES - 86.3%** | **U.S. TREASURY SECURITIES - 86.3%** |
|  United States Treasury Note/Bond<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 05/15/2031 |  | $3295000 | $2939565  |
| &nbsp;&nbsp;&nbsp; 1.38%, 11/15/2031 |  | 3389000 | 2940553  |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/15/2032 |  | 3124000 | 2923442  |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/15/2032 |  | 2908000 | 2910840  |
| &nbsp;&nbsp;&nbsp; 3.38%, 05/15/2033 |  | 3060000 | 2916801  |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/2033 |  | 2846000 | 2906867  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/15/2034 |  | 2873000 | 2905490  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/15/2034 |  | 2907000 | 2908476  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/2035 |  | 2913000 | 2907936  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/2035 |  | 2981000 | 2910434  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $29,280,901)** |  |  | 29170404  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 12.5%<sup>(a)</sup>** | **PURCHASED OPTIONS - 12.5%<sup>(a)</sup>** |  |  |
| **Call Options - 12.5%**<br>|  |  |  |
| iShares MSCI EAFE ETF<sup>(b)(c)</sup> | iShares MSCI EAFE ETF<sup>(b)(c)</sup> |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 12/18/2026; Exercise Price: $88.01 | $14598639 | 1503 | 1981150  |
| &nbsp;&nbsp;&nbsp; Expiration: 01/15/2027; Exercise Price: $83.01 | 12714317 | 1309 | 2234633  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $3,174,444)** |  |  | 4215783  |
|  |  | **Shares**  |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.1%** | **MONEY MARKET FUNDS - 0.1%** | **MONEY MARKET FUNDS - 0.1%** | **MONEY MARKET FUNDS - 0.1%** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> |  | 50428 | 50428  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $50,428)** |  |  | 50428  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 98.9%**<br>**(Cost $32,505,773)** |  |  | $33436615  |
|  Other Assets in Excess of Liabilities - 1.1% |  |  | 376926  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $33813541 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Exchange-traded.

<sup>(c)</sup> 100 shares per contract.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

10<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLOCKCHAIN TECHNOLOGY ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 90.7%**<br>|  |  |
| **Banks - 7.3%**<br>|  |  |
| Customers Bancorp, Inc.<sup>(a)</sup> | 296581 | $20585687  |
| DBS Group Holdings Ltd. | 319943 | 14159413  |
| NU Holdings Ltd. - Class A<sup>(a)</sup> | 2314727 | 33262627  |
|  |  | 68007727  |
| &nbsp;&nbsp;&nbsp; **Commercial & Professional** <br>**Services - 0.7%** | &nbsp;&nbsp;&nbsp; **Commercial & Professional** <br>**Services - 0.7%** |  |
| Broadridge Financial Solutions, Inc. | 39806 | 6467679  |
|  **Consumer Discretionary Distribution & Retail - 5.0%**<br>|  |  |
| Bed Bath & Beyond, Inc.<sup>(a)</sup> | 6039111 | 28021475  |
| MercadoLibre, Inc.<sup>(a)</sup> | 10628 | 18376025  |
|  |  | 46397500  |
| **Consumer Services - 2.9%**<br>|  |  |
| Metaplanet, Inc.<sup>(a)</sup> | 7685884 | 14238051  |
| Sharplink Gaming, Inc.<sup>(a)</sup> | 1972600 | 12723270  |
|  |  | 26961321  |
| **Financial Services - 32.9%<sup>(b)</sup>**<br>|  |  |
| Bakkt, Inc.<sup>(a)(c)</sup> | 947547 | 6973946  |
| Bitgo Holdings, Inc. - Class A<sup>(a)(c)</sup> | 1148904 | 9455480  |
| Blackrock, Inc. | 25197 | 24232207  |
| Block, Inc.<sup>(a)</sup> | 361150 | 21734007  |
| CME Group, Inc. | 60265 | 17799268  |
| Coinbase Global, Inc. - Class A<sup>(a)</sup> | 182287 | 31829133  |
| Etoro Group Ltd. - Class A<sup>(a)</sup> | 623070 | 18710792  |
|  Figure Technology Solutions, Inc. - Class A<sup>(a)(c)</sup> | 606363 | 20586024  |
| Galaxy Digital, Inc. - Class A<sup>(a)(c)</sup> | 1839890 | 33945970  |
| Mastercard, Inc. - Class A | 16160 | 8074506  |
| Orion Digital Corp.<sup>(a)</sup> | 561721 | 529197  |
| PayPal Holdings, Inc. | 420667 | 19026768  |
| Robinhood Markets, Inc. - Class A<sup>(a)</sup> | 439928 | 30487010  |
| SBI Holdings, Inc. | 1608898 | 28882205  |
| Visa, Inc. - Class A | 23669 | 7153719  |
| Webull Corp.<sup>(a)</sup> | 1101926 | 5289245  |
| WisdomTree, Inc.<sup>(c)</sup> | 1321937 | 19247403  |
|  |  | 303956880  |
| **Media & Entertainment - 1.8%**<br>|  |  |
| ROBLOX Corp. - Class A<sup>(a)</sup> | 289119 | 16352571  |
|  **Semiconductors & Semiconductor Equipment - 7.5%**<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 70828 | 14408540  |
| Broadcom, Inc. | 45039 | 13940021  |
| NVIDIA Corp. | 98341 | 17150670  |
| QUALCOMM, Inc. | 53373 | 6873375  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 50194 | 16963062  |
|  |  | 69335668  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Software & Services - 29.5%<sup>(b)</sup>**<br>|  |  |
| Applied Digital Corp.<sup>(a)</sup> | 874691 | $20765164  |
| BIGG Digital Assets, Inc.<sup>(a)</sup> | 5077031 | 237227  |
| Cipher Digital, Inc.<sup>(a)</sup> | 2496919 | 32135348  |
| Circle Internet Group, Inc.<sup>(a)</sup> | 150803 | 14388114  |
| Cleanspark, Inc.<sup>(a)</sup> | 1469842 | 12508355  |
| Core Scientific, Inc.<sup>(a)</sup> | 1717004 | 25686380  |
| Exodus Movement, Inc. - Class A<sup>(a)(c)</sup> | 333686 | 2168959  |
| Hive Digital Technologies Ltd.<sup>(a)(c)</sup> | 4102588 | 7794917  |
| Hut 8 Corp.<sup>(a)</sup> | 695892 | 32644294  |
| International Business Machines Corp. | 121694 | 29497409  |
| IREN Ltd.<sup>(a)</sup> | 278573 | 9549482  |
| Opera Ltd. - ADR<sup>(c)</sup> | 2044515 | 29154784  |
| Riot Platforms, Inc.<sup>(a)</sup> | 595407 | 7359231  |
| Strategy, Inc. - Class A<sup>(a)</sup> | 116054 | 14483539  |
| Terawulf, Inc.<sup>(a)(c)</sup> | 2411436 | 34797022  |
|  |  | 273170225  |
| &nbsp;&nbsp;&nbsp; **Technology Hardware &** <br>**Equipment - 3.1%**<br>|  |  |
| Dell Technologies, Inc. - Class C | 104301 | 17118923  |
| GPGI, Inc. - Class A | 676454 | 11567363  |
|  |  | 28686286  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $893,381,989)** |  | 839335857  |
| **EXCHANGE TRADED FUNDS - 7.4%**<br>|  |  |
| ARK 21Shares Bitcoin ETF<sup>(a)</sup> | 853474 | 19194630  |
| Grayscale Bitcoin Mini Trust ETF<sup>(a)</sup> | 637735 | 19125673  |
| &nbsp;&nbsp;&nbsp; Grayscale Ethereum Staking Mini <br>ETF<sup>(a)</sup> | 513293 | 10193999  |
| VanEck Bitcoin ETF<sup>(a)</sup> | 1057636 | 20264306  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $69,577,725)** |  | 68778608  |
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(d)</sup>**<br>|  |  |
|  **Consumer Discretionary Distribution & Retail - 0.0%<sup>(d)</sup>**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Bed Bath & Beyond, Inc., <br>Expires 10/07/2026, Exercise Price $15.50<sup>(a)</sup> | 479274 | 269112  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $0)** |  | 269112  |

---

The accompanying notes are an integral part of these financial statements.

11<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLOCKCHAIN TECHNOLOGY ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 7.4%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(e)</sup> | 68431144 | $68431144  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $68,431,144)** |  | 68431144  |
| **MONEY MARKET FUNDS - 1.8%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 16309065 | 16309065  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $16,309,065)** |  | 16309065  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 107.3%**<br>**(Cost $1,047,699,923)** |  | $993123786  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (7.3)% |  | (67933807)  |
| **TOTAL NET ASSETS - 100.0%** |  | $925189979 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $71,820,442.

<sup>(d)</sup> Represents less than 0.05% of net assets.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

12<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLOOMBERG AI VALUE CHAIN ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.7%**<br>|  |  |
| **Communication Services - 2.1%**<br>|  |  |
| Alphabet, Inc. - Class A | 2518 | $724076  |
| **Consumer Discretionary - 4.0%**<br>|  |  |
| Alibaba Group Holding Ltd. | 41500 | 629894  |
| Amazon.com, Inc.<sup>(a)</sup> | 3504 | 729778  |
|  |  | 1359672  |
| **Information Technology - 93.6%<sup>(b)</sup>**<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 3552 | 722583  |
| Advantest Corp. | 6400 | 817852  |
| Apple, Inc. | 2929 | 743351  |
| Arista Networks, Inc.<sup>(a)</sup> | 5941 | 729436  |
| ASML Holding NV | 686 | 884631  |
| Atlassian Corp. - Class A<sup>(a)</sup> | 5129 | 350054  |
| Broadcom, Inc. | 2283 | 706611  |
| Cadence Design System, Inc.<sup>(a)</sup> | 2556 | 710236  |
|  Cambricon Technologies Corp. Ltd. - Class A<sup>(a)</sup> | 3967 | 564483  |
| Celestica, Inc.<sup>(a)</sup> | 2627 | 738696  |
| Ciena Corp.<sup>(a)</sup> | 3225 | 1252042  |
| Coherent Corp.<sup>(a)</sup> | 4083 | 972611  |
| CoreWeave, Inc. - Class A<sup>(a)</sup> | 10008 | 775320  |
| &nbsp;&nbsp;&nbsp; Credo Technology Group Holding <br>Ltd.<sup>(a)</sup> | 5542 | 520228  |
| Datadog, Inc. - Class A<sup>(a)</sup> | 5934 | 700509  |
| Dell Technologies, Inc. - Class C | 6210 | 1019247  |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> | 16209 | 1390408  |
| Gitlab, Inc. - Class A<sup>(a)</sup> | 21938 | 474738  |
| Hewlett Packard Enterprise Co. | 32842 | 781968  |
| Hon Hai Precision Industry Co. Ltd. | 108000 | 633406  |
| HP, Inc. | 35884 | 689332  |
| International Business Machines Corp. | 2722 | 659786  |
| Lumentum Holdings, Inc.<sup>(a)</sup> | 2056 | 1444875  |
| Marvell Technology, Inc. | 8879 | 879465  |
| MediaTek, Inc. | 17000 | 792305  |
| Micron Technology, Inc. | 2517 | 850343  |
| Microsoft Corp. | 1678 | 621145  |
| MongoDB, Inc.<sup>(a)</sup> | 1986 | 486113  |
| Monolithic Power Systems, Inc. | 849 | 928254  |
| NetApp, Inc. | 7456 | 763420  |
| NVIDIA Corp. | 4202 | 732829  |
| Oracle Corp. | 4055 | 596531  |
| Qualcomm, Inc. | 4589 | 590971  |
| Quanta Computer, Inc. | 91000 | 792728  |
| Samsung Electronics Co. Ltd. | 9070 | 990111  |
| ServiceTitan, Inc. - Class A<sup>(a)</sup> | 7814 | 495877  |
| SK Hynix, Inc. | 1694 | 892539  |
| Snowflake, Inc. - Class A<sup>(a)</sup> | 3662 | 552303  |
| Synopsys, Inc.<sup>(a)</sup> | 1652 | 654985  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. | 16000 | $880826  |
| Western Digital Corporation | 4229 | 1143902  |
|  |  | 31927050  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $27,902,201)** |  | 34010798  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(c)</sup> | 78827 | 78827  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $78,827)** |  | 78827  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 99.9%**<br>**(Cost $27,981,028)** |  | $34089625  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.1% |  | 18337  |
| **TOTAL NET ASSETS - 100.0%** |  | $34107962 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

13<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLUESTAR ISRAEL TECHNOLOGY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.1%**<br>|  |  |
| **Communication Services - 1.1%**<br>|  |  |
| Perion Network Ltd.<sup>(a)</sup> | 37060 | $370229  |
| Playtika Holding Corp. | 117979 | 327982  |
| Taboola.com Ltd.<sup>(a)</sup> | 169318 | 524886  |
|  |  | 1223097  |
| **Consumer Discretionary - 3.4%**<br>|  |  |
| Global-e Online Ltd.<sup>(a)</sup> | 86146 | 2657604  |
| Mobileye Global, Inc. - Class A<sup>(a)</sup> | 135045 | 927759  |
|  |  | 3585363  |
| **Financials - 6.5%**<br>|  |  |
| Etoro Group Ltd. - Class A<sup>(a)</sup> | 30877 | 927236  |
| Lemonade, Inc.<sup>(a)</sup> | 46030 | 2885160  |
| Payoneer Global, Inc.<sup>(a)</sup> | 200849 | 970101  |
| Plus500 Ltd. | 39918 | 2141397  |
|  |  | 6923894  |
| **Health Care - 2.1%**<br>|  |  |
| Inmode Ltd.<sup>(a)</sup> | 58278 | 797243  |
| Nano-X Imaging Ltd.<sup>(a)(b)</sup> | 103164 | 234183  |
| Novocure Ltd.<sup>(a)</sup> | 57379 | 625431  |
| UroGen Pharma Ltd.<sup>(a)</sup> | 30097 | 541144  |
|  |  | 2198001  |
| **Industrials - 16.9%**<br>|  |  |
| Aryt Industries Ltd. | 45609 | 657376  |
| Elbit Systems Ltd. | 17158 | 14568686  |
| Fiverr International Ltd.<sup>(a)</sup> | 30067 | 301271  |
| Hilan Ltd. | 11103 | 682180  |
| Kornit Digital Ltd.<sup>(a)</sup> | 38605 | 565949  |
| Nano Dimension Ltd. - ADR<sup>(a)</sup> | 255434 | 434238  |
| Stratasys Ltd.<sup>(a)</sup> | 59238 | 462649  |
| TAT Technologies Ltd.<sup>(a)</sup> | 10043 | 408047  |
|  |  | 18080396  |
| **Information Technology - 60.6%<sup>(c)</sup>**<br>|  |  |
| Allot Ltd.<sup>(a)</sup> | 39340 | 262004  |
| Amdocs Ltd. | 63290 | 4130305  |
| Camtek Ltd.<sup>(a)(b)</sup> | 20068 | 3042510  |
| Cellebrite DI Ltd.<sup>(a)</sup> | 101757 | 1402211  |
| CEVA, Inc.<sup>(a)</sup> | 19245 | 359497  |
|  Check Point Software Technologies Ltd.<sup>(a)</sup> | 43502 | 6214261  |
| Cognyte Software Ltd.<sup>(a)</sup> | 50337 | 407730  |
| Formula Systems 1985 Ltd. | 5349 | 641541  |
| Gilat Satellite Networks Ltd.<sup>(a)</sup> | 64796 | 973236  |
| Innoviz Technologies Ltd.<sup>(a)(b)</sup> | 299667 | 189539  |
| Ituran Location and Control Ltd. | 14632 | 717114  |
| JFrog Ltd.<sup>(a)</sup> | 79727 | 3741588  |
| Matrix IT Ltd. | 29941 | 826298  |
| Monday.com Ltd.<sup>(a)</sup> | 26288 | 1816764  |
| Nayax Ltd.<sup>(a)</sup> | 15290 | 857112  |
| Next Vision Stabilized Systems Ltd. | 48870 | 4720618  |
| Nice Ltd. - ADR<sup>(a)(b)</sup> | 48096 | 5303065  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Nova Ltd.<sup>(a)</sup> | 12876 | $5591789  |
| One Software Technologies Ltd. | 26930 | 503205  |
| Pagaya Technologies Ltd. - Class A<sup>(a)</sup> | 48688 | 567215  |
| Powerfleet, Inc.<sup>(a)</sup> | 112813 | 347464  |
| Priortech Ltd.<sup>(a)</sup> | 6636 | 539077  |
| Qualitau Ltd. | 3398 | 560899  |
| Radware Ltd.<sup>(a)</sup> | 24916 | 655789  |
| Riskified Ltd. - Class A<sup>(a)</sup> | 88610 | 347351  |
| SentinelOne, Inc. - Class A<sup>(a)</sup> | 219438 | 2826361  |
| SimilarWeb Ltd.<sup>(a)</sup> | 61626 | 160844  |
| SolarEdge Technologies, Inc.<sup>(a)(b)</sup> | 34655 | 1769138  |
| Tower Semiconductor Ltd.<sup>(a)</sup> | 52860 | 9275873  |
| Varonis Systems, Inc.<sup>(a)</sup> | 75452 | 1619954  |
| Vishay Precision Group, Inc.<sup>(a)</sup> | 10566 | 458776  |
| Weebit Nano Ltd.<sup>(a)</sup> | 227590 | 568948  |
| Wix.com Ltd.<sup>(a)(b)</sup> | 36784 | 3313135  |
|  |  | 64711211  |
| **Utilities - 8.5%**<br>|  |  |
| Energix-Renewable Energies Ltd. | 169351 | 1013692  |
| Enlight Renewable Energy Ltd.<sup>(a)</sup> | 60505 | 4010645  |
| Ormat Technologies, Inc. | 36230 | 4054862  |
|  |  | 9079199  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $106,845,972)** |  | 105801161  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 11.0%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(d)</sup> | 11688918 | 11688918  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $11,688,918)** |  | 11688918  |
| **MONEY MARKET FUNDS - 0.1%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 147481 | 147481  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $147,481)** |  | 147481  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 110.2%**<br>**(Cost $118,682,371)** |  | $117637560  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (10.2)% |  | (10916619)  |
| **TOTAL NET ASSETS - 100.0%** |  | $106720941 |

---

The accompanying notes are an integral part of these financial statements.

14<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BLUESTAR ISRAEL TECHNOLOGY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $11,729,975.

<sup>(c)</sup> 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.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

15<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CASH FLOW DIVIDEND LEADERS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.6%**<br>|  |  |
| **Communication Services - 4.9%**<br>|  |  |
| Nexstar Media Group, Inc. | 3498 | $632543  |
| T-Mobile US, Inc. | 4019 | 844111  |
|  |  | 1476654  |
| **Consumer Discretionary - 2.8%**<br>|  |  |
| Hasbro, Inc. | 9100 | 851760  |
| **Consumer Staples - 2.5%**<br>|  |  |
| J M Smucker Co. | 7971 | 768723  |
| **Energy - 9.1%**<br>|  |  |
| Cheniere Energy, Inc. | 3427 | 972446  |
| EQT Corp. | 13438 | 855194  |
| Range Resources Corp. | 20447 | 923795  |
|  |  | 2751435  |
| **Financials - 15.0%**<br>|  |  |
| American Express Co. | 1840 | 556563  |
| Ameriprise Financial, Inc. | 1249 | 555056  |
| Apollo Global Management, Inc. | 5303 | 590860  |
| Bank of New York Mellon Corp. | 4803 | 569780  |
| Evercore, Inc. - Class A | 1952 | 582691  |
| FactSet Research Systems, Inc. | 2738 | 594119  |
| Marsh & McLennan Cos., Inc. | 3234 | 560937  |
| SEI Investments Co. | 7065 | 554391  |
|  |  | 4564397  |
| **Health Care - 8.3%**<br>|  |  |
| Cigna Group | 3289 | 877341  |
| Gilead Sciences, Inc. | 5876 | 818938  |
| Quest Diagnostics, Inc. | 4278 | 838402  |
|  |  | 2534681  |
| **Industrials - 30.5%<sup>(a)</sup>**<br>|  |  |
| A O Smith Corp. | 12594 | 830448  |
| Allison Transmission Holdings, Inc. | 7579 | 887198  |
| Booz Allen Hamilton Holding Corp. | 7408 | 578046  |
| Carlisle Cos., Inc. | 2431 | 811030  |
| Delta Air Lines, Inc. | 14504 | 964226  |
| Leidos Holdings, Inc. | 3245 | 504662  |
| Oshkosh Corp. | 5628 | 828498  |
| Owens Corning | 7993 | 865002  |
| Simpson Manufacturing Co., Inc. | 4748 | 814852  |
| SS&C Technologies Holdings, Inc. | 11754 | 794218  |
| Timken Co. | 8301 | 834832  |
| TransUnion | 7856 | 543557  |
|  |  | 9256569  |
| **Information Technology - 15.4%**<br>|  |  |
| Accenture PLC - Class A | 2793 | 553824  |
|  Cognizant Technology Solutions Corp. - Class A | 9012 | 552886  |
| Dell Technologies, Inc. - Class C | 5821 | 955401  |
| QUALCOMM, Inc. | 6396 | 823677  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Roper Technologies, Inc. | 2436 | $862003  |
| TD SYNNEX Corp. | 5428 | 915758  |
|  |  | 4663549  |
| **Materials - 8.3%**<br>|  |  |
| Avery Dennison Corp. | 4915 | 848722  |
| Crown Holdings, Inc. | 8178 | 819845  |
| Reliance, Inc. | 2785 | 846417  |
|  |  | 2514984  |
| **Utilities - 2.8%**<br>|  |  |
| NRG Energy, Inc. | 5772 | 843520  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $30,279,552)** |  | 30226272  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.4%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(b)</sup> | 132553 | 132553  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $132,553)** |  | 132553  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.0%**<br>**(Cost $30,412,105)** |  | $30358825  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.0%<sup>(c)</sup> |  | 10743  |
| **TOTAL NET ASSETS - 100.0%** |  | $30369568 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(c)</sup> Represents less than 0.05% of net assets. 

The accompanying notes are an integral part of these financial statements.

16<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CEF HIGH INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **INVESTMENT COMPANIES - 99.7%** |  |  |
| **Equity - 42.1%**<br>|  |  |
| Aberdeen India Fund, Inc. | 1113465 | $12604424  |
|  abrdn Global Dynamic Dividend Fund<sup>(a)</sup> | 678447 | 7327228  |
| abrdn Healthcare Investors<sup>(a)</sup> | 1149268 | 20445478  |
| abrdn Healthcare Opportunities Fund<sup>(a)</sup> | 446935 | 7508508  |
| abrdn Life Sciences Investors<sup>(a)</sup> | 806888 | 13128068  |
| abrdn Total Dynamic Dividend Fund<sup>(a)</sup> | 2376147 | 21884314  |
| abrdn World Healthcare Fund | 641703 | 7488674  |
|  BlackRock ESG Capital Allocation Term Trust | 1459010 | 19813356  |
|  BlackRock Health Sciences Term Trust<sup>(a)</sup> | 496422 | 7128620  |
|  BlackRock Technology and Private Equity Term Trust | 1085343 | 7163264  |
|  CBRE Global Real Estate Income Fund<sup>(a)</sup> | 4120579 | 18089342  |
|  ClearBridge Energy Midstream Opportunity Fund, Inc.<sup>(a)</sup> | 177881 | 9395674  |
| Clough Global Opportunities Fund<sup>(a)</sup> | 775387 | 4318905  |
| DoubleLine Yield Opportunities Fund | 550342 | 7660761  |
| General American Investors Co., Inc. | 105918 | 6193025  |
|  Kayne Anderson Energy Infrastructure Fund | 642894 | 9180526  |
| Liberty All-Star Equity Fund | 1250128 | 6938210  |
| LMP Capital and Income Fund, Inc.<sup>(a)</sup> | 385415 | 5754246  |
|  Neuberger Next Generation Connectivity Fund, Inc. | 518677 | 6675373  |
|  Nuveen Real Asset Income and Growth Fund<sup>(a)</sup> | 754372 | 9278776  |
|  NYLI CBRE Global Infrastructure Megatrends Term Fund<sup>(a)</sup> | 564493 | 8292402  |
| Royce Small-Cap Trust, Inc.<sup>(a)</sup> | 1331546 | 22103664  |
| Tortoise Energy Infrastructure Corp.<sup>(a)</sup> | 540573 | 26947564  |
|  Virtus Dividend Interest & Premium Strategy Fund | 593440 | 7483278  |
| Virtus Total Return Fund, Inc. | 854639 | 5657710  |
|  |  | 278461390  |
| **Fixed Income - 57.6%**<br>|  |  |
|  Aberdeen Asia-Pacific Income Fund, Inc.<sup>(a)</sup> | 1125402 | 16228297  |
| abrdn Income Credit Strategies Fund | 3420462 | 17444356  |
| Advent Convertible and Income Fund<sup>(a)</sup> | 658215 | 7345679  |
|  Ares Dynamic Credit Allocation Fund, Inc. | 409927 | 4984712  |
|  BlackRock Capital Allocation Term Trust<sup>(a)</sup> | 1551737 | 21926044  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  BlackRock Corporate High Yield Fund, Inc. | 884648 | $7537201  |
| BlackRock Debt Strategies Fund, Inc. | 1696101 | 16265609  |
|  BlackRock Floating Rate Income Strategies Fund, Inc. | 965985 | 10645155  |
| BlackRock Floating Rate Income Trust | 813048 | 8748396  |
| BlackRock Multi-Sector Income Trust | 612101 | 7663504  |
|  Brookfield Real Assets Income Fund, Inc. | 597165 | 7679542  |
|  Calamos Long/Short Equity & Dynamic Income Trust | 341707 | 4636964  |
|  Cohen & Steers Quality Income Realty Fund, Inc.<sup>(a)</sup> | 709473 | 8549150  |
| DoubleLine Income Solutions Fund | 2019225 | 21868207  |
|  First Trust High Yield Opportunities 2027 Term Fund | 575493 | 7786420  |
|  First Trust Senior Floating Rate Income Fund II | 708328 | 6828282  |
| Franklin Ltd. Duration Income Trust<sup>(a)</sup> | 1101494 | 6421710  |
| FS Specialty Lending Fund<sup>(a)</sup> | 1313268 | 16428983  |
| Invesco Senior Income Trust | 4196161 | 13511638  |
| KKR Income Opportunities Fund<sup>(a)</sup> | 1117298 | 12290278  |
| Nuveen Core Plus Impact Fund<sup>(a)</sup> | 783889 | 7987829  |
| Nuveen Credit Strategies Income Fund | 4008883 | 19523260  |
| Nuveen Floating Rate Income Fund | 2782303 | 20922919  |
| Nuveen Global High Income Fund | 471372 | 5760166  |
| Nuveen Multi-Asset Income Fund | 540293 | 6699633  |
| PGIM Global High Yield Fund, Inc. | 649274 | 7564042  |
| PIMCO Access Income Fund | 1263663 | 18209384  |
| RiverNorth Opportunities Fund, Inc. | 746374 | 8284751  |
|  Saba Capital Income & Opportunities Fund<sup>(a)</sup> | 1454841 | 9805628  |
| Virtus Convertible & Income Fund | 378576 | 5633211  |
| Virtus Convertible & Income Fund II<sup>(a)</sup> | 338016 | 4532794  |
|  Western Asset Diversified Income Fund<sup>(a)</sup> | 1412956 | 18990129  |
|  Western Asset Emerging Markets Debt Fund, Inc. | 759167 | 7455020  |
|  Western Asset High Income Fund II, Inc. | 2455392 | 9772460  |
|  Western Asset High Income Opportunity Fund, Inc. | 1596120 | 5793916  |
|  |  | 381725269  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENT COMPANIES** <br>**(Cost $682,932,005)** |  | 660186659  |

---

The accompanying notes are an integral part of these financial statements.

17<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CEF HIGH INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.0%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(b)</sup> | 6767612 | $6767612  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED** <br>**WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $6,767,612)** |  | 6767612  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.7%**<br>**(Cost $689,699,617)** |  | $666954271  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.7)% |  | (4357670)  |
| **TOTAL NET ASSETS - 100.0%** |  | $662596601 |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $6,705,113.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

18<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY COWS COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 96.0%**<br>|  |  |
| **Communication Services - 4.7%**<br>|  |  |
| Nexstar Media Group, Inc.<sup>(a)</sup> | 1614 | $291859  |
| T-Mobile US, Inc.<sup>(a)</sup> | 1855 | 389606  |
|  |  | 681465  |
| **Consumer Discretionary - 2.7%**<br>|  |  |
| Hasbro, Inc.<sup>(a)</sup> | 4197 | 392839  |
| **Consumer Staples - 2.4%**<br>|  |  |
| J M Smucker Co.<sup>(a)</sup> | 3678 | 354706  |
| **Energy - 8.7%**<br>|  |  |
| Cheniere Energy, Inc.<sup>(a)</sup> | 1581 | 448625  |
| EQT Corp.<sup>(a)</sup> | 6199 | 394504  |
| Range Resources Corp.<sup>(a)</sup> | 9434 | 426228  |
|  |  | 1269357  |
| **Financials - 14.5%**<br>|  |  |
| American Express Co.<sup>(a)</sup> | 849 | 256806  |
| Ameriprise Financial, Inc.<sup>(a)</sup> | 575 | 255530  |
| Apollo Global Management, Inc.<sup>(a)</sup> | 2446 | 272533  |
| Bank of New York Mellon Corp.<sup>(a)</sup> | 2216 | 262884  |
| Evercore, Inc. - Class A<sup>(a)</sup> | 900 | 268659  |
| FactSet Research Systems, Inc.<sup>(a)</sup> | 1264 | 274276  |
| Marsh & McLennan Cos., Inc.<sup>(a)</sup> | 1491 | 258614  |
| SEI Investments Co.<sup>(a)</sup> | 3258 | 255655  |
|  |  | 2104957  |
| **Health Care - 8.1%**<br>|  |  |
| Cigna Group<sup>(a)</sup> | 1517 | 404660  |
| Gilead Sciences, Inc.<sup>(a)</sup> | 2712 | 377971  |
| Quest Diagnostics, Inc.<sup>(a)</sup> | 1974 | 386865  |
|  |  | 1169496  |
| **Industrials - 29.4%<sup>(b)</sup>**<br>|  |  |
| A O Smith Corp.<sup>(a)</sup> | 5811 | 383177  |
| Allison Transmission Holdings, Inc.<sup>(a)</sup> | 3496 | 409242  |
| Booz Allen Hamilton Holding Corp.<sup>(a)</sup> | 3418 | 266707  |
| Carlisle Cos., Inc.<sup>(a)</sup> | 1122 | 374322  |
| Delta Air Lines, Inc.<sup>(a)</sup> | 6693 | 444951  |
| Leidos Holdings, Inc.<sup>(a)</sup> | 1497 | 232813  |
| Oshkosh Corp.<sup>(a)</sup> | 2598 | 382452  |
| Owens Corning<sup>(a)</sup> | 3688 | 399115  |
| Simpson Manufacturing Co., Inc.<sup>(a)</sup> | 2190 | 375848  |
| SS&C Technologies Holdings, Inc.<sup>(a)</sup> | 5423 | 366432  |
| Timken Co.<sup>(a)</sup> | 3830 | 385183  |
| TransUnion<sup>(a)</sup> | 3623 | 250675  |
|  |  | 4270917  |
| **Information Technology - 14.8%**<br>|  |  |
| Accenture PLC - Class A<sup>(a)</sup> | 1288 | 255397  |
|  Cognizant Technology Solutions Corp. - Class A<sup>(a)</sup> | 4154 | 254848  |
| Dell Technologies, Inc. - Class C<sup>(a)</sup> | 2686 | 440853  |
| QUALCOMM, Inc.<sup>(a)</sup> | 2949 | 379772  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Roper Technologies, Inc.<sup>(a)</sup> | 1123 | $397385  |
| TD SYNNEX Corp.<sup>(a)</sup> | 2505 | 422619  |
|  |  | 2150874  |
| **Materials - 8.0%**<br>|  |  |
| Avery Dennison Corp.<sup>(a)</sup> | 2268 | 391638  |
| Crown Holdings, Inc.<sup>(a)</sup> | 3772 | 378143  |
| Reliance, Inc.<sup>(a)</sup> | 1285 | 390537  |
|  |  | 1160318  |
| **Utilities - 2.7%**<br>|  |  |
| NRG Energy, Inc.<sup>(a)</sup> | 2663 | 389171  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $14,228,118)** |  | 13944100  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 4.2%**<br>|  |  |
|  Amplify Cash Flow Dividend Leaders ETF<sup>(c)</sup> | 18361 | 605749  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $614,502)** |  | 605749  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.4%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 62376 | 62376  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $62,376)** |  | 62376  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.6%**<br>**(Cost $14,904,996)** |  | $14612225  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.6)% |  | (93866)  |
| **TOTAL NET ASSETS - 100.0%** |  | $14518359 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(b)</sup> 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.

<sup>(c)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

19<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY COWS COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.6)%**<br>|  |  |  |
| **Call Options - (0.6)%<sup>(a)(b)</sup>** | **Call Options - (0.6)%<sup>(a)(b)</sup>** | **Call Options - (0.6)%<sup>(a)(b)</sup>** | **Call Options - (0.6)%<sup>(a)(b)</sup>** |
| A O Smith Corp., Expiration: 04/17/2026; Exercise Price: $70.00 | $(342888) | &nbsp;&nbsp;&nbsp;&nbsp;(52) | $(1950)  |
| Accenture PLC, Expiration: 04/17/2026; Exercise Price: $220.00 | (218119) | &nbsp;&nbsp;&nbsp;&nbsp;(11) | (798)  |
| Allison Transmission Holdings, Inc., Expiration: 04/17/2026; Exercise Price: $125.00 | (362886) | &nbsp;&nbsp;&nbsp;&nbsp;(31) | (2867)  |
| American Express Co.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $320.00 | (30248) | &nbsp;&nbsp;&nbsp;&nbsp;(1) | (254)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $330.00 | (151240) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | (582)  |
| Ameriprise Financial, Inc., Expiration: 04/17/2026; Exercise Price: $490.00 | (222200) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | (638)  |
| Apollo Global Management, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $123.00 | (22284) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (160)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $125.00 | (222840) | &nbsp;&nbsp;&nbsp;&nbsp;(20) | (1150)  |
| Avery Dennison Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $180.00 | (310824) | &nbsp;&nbsp;&nbsp;&nbsp;(18) | (3150)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $185.00 | (34536) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (180)  |
| Bank of New York Mellon Corp., Expiration: 04/17/2026; Exercise Price: $125.00 | (225397) | &nbsp;&nbsp;&nbsp;&nbsp;(19) | (2233)  |
| Booz Allen Hamilton Holding Corp., Expiration: 04/17/2026; Exercise Price: $90.00 | (241893) | &nbsp;&nbsp;&nbsp;&nbsp;(31) | (697)  |
| Carlisle Cos., Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $370.00 | (100086) | &nbsp;&nbsp;&nbsp;&nbsp;(3) | (577)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $380.00 | (233534) | &nbsp;&nbsp;&nbsp;&nbsp;(7) | (1260)  |
| Cheniere Energy, Inc., Expiration: 04/17/2026; Exercise Price: $320.00 | (312136) | &nbsp;&nbsp;&nbsp;&nbsp;(11) | (1842)  |
| Cigna Group, Expiration: 04/17/2026; Exercise Price: $287.50 | (373450) | &nbsp;&nbsp;&nbsp;&nbsp;(14) | (2170)  |
| Cognizant Technology Solutions Corp., Expiration: 04/17/2026; Exercise Price: $67.50 | (239265) | &nbsp;&nbsp;&nbsp;&nbsp;(39) | (1365)  |
| Crown Holdings, Inc., Expiration: 04/17/2026; Exercise Price: $110.00 | (350875) | &nbsp;&nbsp;&nbsp;&nbsp;(35) | (962)  |
| Dell Technologies, Inc., Expiration: 04/17/2026; Exercise Price: $182.50 | (311847) | &nbsp;&nbsp;&nbsp;&nbsp;(19) | (3059)  |
| Delta Air Lines, Inc., Expiration: 04/17/2026; Exercise Price: $74.00 | (418824) | &nbsp;&nbsp;&nbsp;&nbsp;(63) | (6394)  |
| EQT Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $72.50 | (286380) | &nbsp;&nbsp;&nbsp;&nbsp;(45) | (1462)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $76.00 | (76368) | &nbsp;&nbsp;&nbsp;&nbsp;(12) | (168)  |
| Evercore, Inc., Expiration: 04/17/2026; Exercise Price: $310.00 | (238808) | &nbsp;&nbsp;&nbsp;&nbsp;(8) | (4960)  |
| FactSet Research Systems, Inc., Expiration: 04/17/2026; Exercise Price: $240.00 | (260388) | &nbsp;&nbsp;&nbsp;&nbsp;(12) | (2310)  |
| Gilead Sciences, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $145.00 | (55748) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (512)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $146.00 | (292677) | &nbsp;&nbsp;&nbsp;&nbsp;(21) | (2111)  |
| Hasbro, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $97.50 | (65520) | &nbsp;&nbsp;&nbsp;&nbsp;(7) | (735)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $100.00 | (299520) | &nbsp;&nbsp;&nbsp;&nbsp;(32) | (1920)  |
| J M Smucker Co., Expiration: 04/17/2026; Exercise Price: $105.00 | (337540) | &nbsp;&nbsp;&nbsp;&nbsp;(35) | (963)  |
| Leidos Holdings, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $175.00 | (15552) | &nbsp;&nbsp;&nbsp;&nbsp;(1) | (55)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $180.00 | (186624) | &nbsp;&nbsp;&nbsp;&nbsp;(12) | (570)  |
| Marsh & McLennan Cos., Inc., Expiration: 04/17/2026; Exercise Price: $185.00 | (242830) | &nbsp;&nbsp;&nbsp;&nbsp;(14) | (1295)  |
| Nexstar Media Group, Inc., Expiration: 04/17/2026; Exercise Price: $250.00 | (235079) | &nbsp;&nbsp;&nbsp;&nbsp;(13) | (1203)  |
| NRG Energy, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $170.00 | (248438) | &nbsp;&nbsp;&nbsp;&nbsp;(17) | (553)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $175.00 | (58456) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (170)  |
| Oshkosh Corp., Expiration: 04/17/2026; Exercise Price: $160.00 | (353304) | &nbsp;&nbsp;&nbsp;&nbsp;(24) | (3720)  |
| Owens Corning<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $115.00 | (303016) | &nbsp;&nbsp;&nbsp;&nbsp;(28) | (4410)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $120.00 | (43288) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (310)  |
| QUALCOMM, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $139.00 | (64390) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | (370)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $140.00 | (283316) | &nbsp;&nbsp;&nbsp;&nbsp;(22) | (1320)  |
| Quest Diagnostics, Inc., Expiration: 04/17/2026; Exercise Price: $210.00 | (352764) | &nbsp;&nbsp;&nbsp;&nbsp;(18) | (2160)  |

---

The accompanying notes are an integral part of these financial statements.

20<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY COWS COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (Continued)** | **WRITTEN OPTIONS - (Continued)** | **WRITTEN OPTIONS - (Continued)** | **WRITTEN OPTIONS - (Continued)** |
| **Call Options - (Continued)**  | **Call Options - (Continued)**  | **Call Options - (Continued)**  | **Call Options - (Continued)**  |
| Range Resources Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $50.00 | $(343368) | &nbsp;&nbsp;&nbsp;&nbsp;(76) | $(2280)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $55.00 | (58734) | &nbsp;&nbsp;&nbsp;&nbsp;(13) | (97)  |
| Reliance, Inc., Expiration: 04/17/2026; Exercise Price: $330.00 | (303920) | &nbsp;&nbsp;&nbsp;&nbsp;(10) | (1250)  |
| Roper Technologies, Inc., Expiration: 04/17/2026; Exercise Price: $390.00 | (318474) | &nbsp;&nbsp;&nbsp;&nbsp;(9) | (607)  |
| SEI Investments Co., Expiration: 04/17/2026; Exercise Price: $85.00 | (243257) | &nbsp;&nbsp;&nbsp;&nbsp;(31) | (3488)  |
| Simpson Manufacturing Co., Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $185.00 | (34324) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (310)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $190.00 | (308916) | &nbsp;&nbsp;&nbsp;&nbsp;(18) | (2520)  |
| SS&C Technologies Holdings, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $75.00 | (47299) | &nbsp;&nbsp;&nbsp;&nbsp;(7) | (228)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $80.00 | (297308) | &nbsp;&nbsp;&nbsp;&nbsp;(44) | (1650)  |
| TD SYNNEX Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $170.00 | (337420) | &nbsp;&nbsp;&nbsp;&nbsp;(20) | (8100)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $175.00 | (50613) | &nbsp;&nbsp;&nbsp;&nbsp;(3) | (570)  |
| Timken Co., Expiration: 04/17/2026; Exercise Price: $110.00 | (351995) | &nbsp;&nbsp;&nbsp;&nbsp;(35) | (3588)  |
| T-Mobile US, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $220.00 | (315045) | &nbsp;&nbsp;&nbsp;&nbsp;(15) | (3173)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $227.50 | (42006) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (171)  |
| TransUnion<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $75.00 | (27676) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (400)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $82.50 | (207570) | &nbsp;&nbsp;&nbsp;&nbsp;(30) | (1125)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $95,935)** |  |  | $(93122) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

The accompanying notes are an integral part of these financial statements.

21<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 93.1%**<br>|  |  |
| **Communication Services - 1.1%**<br>|  |  |
| Meta Platforms, Inc. - Class A | 6906 | $3951130  |
| Verizon Communications, Inc. | 1388806 | 69718061  |
|  |  | 73669191  |
| **Consumer Discretionary - 13.0%**<br>|  |  |
| Home Depot, Inc. | 852335 | 280324458  |
| McDonald's Corp. | 865276 | 268919128  |
| TJX Cos., Inc.<sup>(a)</sup> | 1939374 | 309718028  |
|  |  | 858961614  |
| **Consumer Staples - 6.0%**<br>|  |  |
| Coca-Cola Co. | 1949270 | 148241984  |
| Walmart, Inc. | 1989691 | 247278797  |
|  |  | 395520781  |
| **Energy - 7.9%**<br>|  |  |
| Chevron Corp.<sup>(a)</sup> | 1539699 | 318563723  |
| Marathon Petroleum Corp.<sup>(a)</sup> | 836715 | 204309069  |
|  |  | 522872792  |
| **Financials - 23.1%**<br>|  |  |
| American Express Co. | 1063028 | 321544709  |
| CME Group, Inc. | 939146 | 277376771  |
| Goldman Sachs Group, Inc. | 383080 | 324081849  |
| JPMorgan Chase & Co. | 1106429 | 325467155  |
| Visa, Inc. - Class A<sup>(a)</sup> | 938011 | 283504445  |
|  |  | 1531974929  |
| **Health Care - 8.8%**<br>|  |  |
| Amgen, Inc. | 722035 | 254048015  |
| Medtronic PLC | 1390158 | 120457191  |
| Merck & Co., Inc. | 1763681 | 212153187  |
|  |  | 586658393  |
| **Industrials - 14.2%**<br>|  |  |
| Caterpillar, Inc. | 471478 | 334023304  |
| FedEx Corp. | 427120 | 152131602  |
| Norfolk Southern Corp. | 354509 | 101744083  |
| RTX Corp. | 1816155 | 350336299  |
|  |  | 938235288  |
| **Information Technology - 13.9%**<br>|  |  |
| Apple, Inc. | 1267553 | 321692276  |
|  International Business Machines Corp. | 1093704 | 265102913  |
| Microsoft Corp. | 911731 | 337495464  |
|  |  | 924290653  |
| **Materials - 3.0%**<br>|  |  |
| Agnico Eagle Mines Ltd. | 979378 | 198794146  |
| **Utilities - 2.1%**<br>|  |  |
| Duke Energy Corp. | 1066489 | 139646069  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $5,351,632,708)** |  | 6170623856  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 4.4%**<br>|  |  |
| Amplify Samsung SOFR ETF<sup>(b)</sup> | 2904883 | $290909508  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $291,364,940)** |  | 290909508  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 2.2%** |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(c)</sup> | 146500365 | 146500365  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $146,500,365)** |  | 146500365  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 99.7%**<br>**(Cost $5,789,498,013)** |  | $6608033729  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.3% |  | 17245467  |
| **TOTAL NET ASSETS - 100.0%** |  | $6625279196 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(b)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

22<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.1)%**<br>|  |  |  |
| **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** |
| Chevron Corp., Expiration: 04/02/2026; Exercise Price: $190.00 | $(18621000) | &nbsp;&nbsp;&nbsp;&nbsp;(900) | $(1521000)  |
| Marathon Petroleum Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $230.00 | (12209000) | &nbsp;&nbsp;&nbsp;&nbsp;(500) | (912500)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $240.00 | (24418000) | &nbsp;&nbsp; (1000) | (1105000)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $250.00 | (24418000) | &nbsp;&nbsp; (1000) | (590000)  |
| TJX Cos., Inc., Expiration: 04/17/2026; Exercise Price: $155.00 | (15970000) | &nbsp;&nbsp; (1000) | (652500)  |
| Visa, Inc., Expiration: 04/02/2026; Exercise Price: $292.50 | (18134400) | &nbsp;&nbsp;&nbsp;&nbsp;(600) | (604500)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $5,441,113)** |  |  | $(5385500) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

The accompanying notes are an integral part of these financial statements.

23<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP GROWTH & INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 96.5%**<br>|  |  |
| **Communication Services - 16.6%**<br>|  |  |
| Alphabet, Inc. - Class A | &nbsp;&nbsp; 158378 | $45543177  |
| AST SpaceMobile, Inc.<sup>(a)</sup> | &nbsp;&nbsp; 39068 | 3237565  |
| Meta Platforms, Inc. - Class A<sup>(b)</sup> | &nbsp;&nbsp; 40637 | 23249647  |
| Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp; 163532 | 15723602  |
| TKO Group Holdings, Inc. | &nbsp;&nbsp; 11200 | 2258480  |
| T-Mobile US, Inc. | &nbsp;&nbsp; 31731 | 6664462  |
|  |  | 96676933  |
| **Consumer Discretionary - 12.0%**<br>|  |  |
| Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp; 156939 | 32685686  |
| Hasbro, Inc.<sup>(b)</sup> | &nbsp;&nbsp; 93580 | 8759088  |
| Home Depot, Inc. | &nbsp;&nbsp; 18352 | 6035789  |
| Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp; 60882 | 22632883  |
|  |  | 70113446  |
| **Consumer Staples - 6.8%**<br>|  |  |
| Altria Group, Inc. | &nbsp;&nbsp; 123745 | 8165933  |
| Coca-Cola Co.<sup>(b)</sup> | &nbsp;&nbsp; 118548 | 9015576  |
| Costco Wholesale Corp. | &nbsp;&nbsp; 11052 | 11012544  |
| Walmart, Inc. | &nbsp;&nbsp; 91179 | 11331726  |
|  |  | 39525779  |
| **Energy - 0.8%**<br>|  |  |
| Schlumberger NV | &nbsp;&nbsp; 91679 | 4711384  |
| **Financials - 3.6%**<br>|  |  |
| Allstate Corp.<sup>(b)</sup> | &nbsp;&nbsp; 42764 | 8866688  |
| Visa, Inc. - Class A | &nbsp;&nbsp; 40647 | 12285149  |
|  |  | 21151837  |
| **Health Care - 6.7%**<br>|  |  |
| AbbVie, Inc.<sup>(b)</sup> | &nbsp;&nbsp; 40635 | 8837706  |
| Amgen, Inc.<sup>(b)</sup> | &nbsp;&nbsp; 24634 | 8667473  |
| Cencora, Inc.<sup>(b)</sup> | &nbsp;&nbsp; 26395 | 8291725  |
| Eli Lilly & Co. | &nbsp;&nbsp; 14452 | 13292516  |
|  |  | 39089420  |
| **Industrials - 2.0%**<br>|  |  |
| Rocket Lab Corp.<sup>(a)</sup> | &nbsp;&nbsp; 48599 | 3121028  |
| RTX Corp.<sup>(b)</sup> | &nbsp;&nbsp; 44461 | 8576527  |
|  |  | 11697555  |
| **Information Technology - 45.4%<sup>(c)</sup>**<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp; 59522 | 12108561  |
| Apple, Inc. | &nbsp;&nbsp; 233390 | 59232048  |
| Applied Materials, Inc. | &nbsp;&nbsp; 16671 | 5697981  |
| Broadcom, Inc. | &nbsp;&nbsp; 72691 | 22498591  |
| Cisco Systems, Inc. | &nbsp;&nbsp; 145202 | 11266223  |
| Intel Corp.<sup>(a)</sup> | &nbsp;&nbsp; 133328 | 5883765  |
| Intuit, Inc. | &nbsp;&nbsp; 15469 | 6688486  |
| Lam Research Corp. | &nbsp;&nbsp; 37635 | 8041094  |
| Micron Technology, Inc. | &nbsp;&nbsp; 34528 | 11664940  |
| Microsoft Corp. | &nbsp;&nbsp; 125112 | 46312709  |
| NVIDIA Corp. | &nbsp;&nbsp; 362358 | 63195235  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Palantir Technologies, Inc. - Class A<sup>(a)</sup> | 55822 | $8165642  |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 29960 | 4803187  |
|  |  | 265558462  |
| **Materials - 1.8%**<br>|  |  |
| Linde PLC | 11300 | 5602088  |
| Steel Dynamics, Inc. | 27500 | 4950000  |
|  |  | 10552088  |
| **Utilities - 0.8%**<br>|  |  |
| Exelon Corp. | 99000 | 4852980  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $572,310,065)** |  | 563929884  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 2.7%**<br>|  |  |
| Amplify Samsung SOFR ETF<sup>(d)</sup> | 157687 | 15791564  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $15,818,663)** |  | 15791564  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 3.5%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 20694464 | 20694464  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $20,694,464)** |  | 20694464  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 102.7%**<br>**(Cost $608,823,192)** |  | $600415912  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (2.7)% |  | (15571051)  |
| **TOTAL NET ASSETS - 100.0%** |  | $584844861 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> 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.

<sup>(d)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

24<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP GROWTH & INCOME ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (1.1)%**<br>|  |  |  |
| **Call Options - (1.1)%<sup>(a)(b)</sup>** | **Call Options - (1.1)%<sup>(a)(b)</sup>** | **Call Options - (1.1)%<sup>(a)(b)</sup>** | **Call Options - (1.1)%<sup>(a)(b)</sup>** |
| AbbVie, Inc., Expiration: 04/02/2026; Exercise Price: $205.00 | $(6198465) | &nbsp;&nbsp;&nbsp;&nbsp;(285) | $(361238)  |
| Allstate Corp., Expiration: 04/17/2026; Exercise Price: $200.00 | (7173964) | &nbsp;&nbsp;&nbsp;&nbsp;(346) | (335620)  |
| Amgen, Inc., Expiration: 04/17/2026; Exercise Price: $350.00 | (4574050) | &nbsp;&nbsp;&nbsp;&nbsp;(130) | (131950)  |
| Cencora, Inc., Expiration: 04/17/2026; Exercise Price: $310.00 | (6188558) | &nbsp;&nbsp;&nbsp;&nbsp;(197) | (211775)  |
| Coca-Cola Co., Expiration: 04/17/2026; Exercise Price: $75.00 | (7209540) | &nbsp;&nbsp;&nbsp;&nbsp;(948) | (201450)  |
| Hasbro, Inc., Expiration: 04/17/2026; Exercise Price: $90.00 | (4689360) | &nbsp;&nbsp;&nbsp;&nbsp;(501) | (230460)  |
| Meta Platforms, Inc., Expiration: 04/10/2026; Exercise Price: $525.00 | (3489993) | &nbsp;&nbsp;&nbsp;&nbsp;(61) | (303017)  |
| NASDAQ 100 Index, Expiration: 04/10/2026; Exercise Price: $22,700.00 | (90212722) | &nbsp;&nbsp;&nbsp;&nbsp;(38) | (4494450)  |
| RTX Corp., Expiration: 04/17/2026; Exercise Price: $185.00 | (4282380) | &nbsp;&nbsp;&nbsp;&nbsp;(222) | (239760)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $4,917,822)** |  |  | $(6509720) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

The accompanying notes are an integral part of these financial statements.

25<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 95.6%**<br>|  |  |
| **Communication Services - 7.7%**<br>|  |  |
| America Movil SAB de CV - ADR | 1044181 | $26605732  |
| Baidu, Inc. - ADR<sup>(a)</sup> | 164149 | 18289482  |
| NetEase, Inc. - ADR | 91808 | 10276987  |
| SK Telecom Co. Ltd. - ADR | 85000 | 2489650  |
| Vodafone Group PLC - ADR | 1394354 | 20943197  |
|  |  | 78605048  |
| **Consumer Discretionary - 4.3%**<br>|  |  |
| Alibaba Group Holding Ltd. - ADR | 240955 | 30230214  |
|  Atour Lifestyle Holdings Ltd. - ADR<sup>(a)(b)</sup> | 388676 | 14307164  |
|  |  | 44537378  |
| **Consumer Staples - 5.7%**<br>|  |  |
| Anheuser-Busch InBev SA - ADR | 255000 | 17689350  |
|  British American Tobacco PLC - ADR<sup>(c)</sup> | 405681 | 23720168  |
|  Fomento Economico Mexicano SAB de CV - ADR | 154363 | 17143555  |
|  |  | 58553073  |
| **Energy - 11.5%**<br>|  |  |
| Cameco Corp.<sup>(a)(b)</sup> | 270531 | 29382372  |
| Enbridge, Inc. | 410400 | 22219056  |
| Eni SpA - ADR<sup>(b)(c)</sup> | 378921 | 21450718  |
| Imperial Oil Ltd. | 166800 | 21820776  |
| Tenaris SA - ADR<sup>(c)</sup> | 240514 | 13993104  |
| TotalEnergies SE | 102362 | 9312895  |
|  |  | 118178921  |
| **Financials - 19.2%**<br>|  |  |
|  Banco Bilbao Vizcaya Argentaria SA - ADR | 837909 | 18149109  |
| Banco Macro SA - ADR<sup>(c)</sup> | 218181 | 16880664  |
| Banco Santander SA - ADR<sup>(a)(b)(c)</sup> | 1451440 | 16372243  |
| Bank of Montreal | 234327 | 31713816  |
| Barclays PLC - ADR | 905983 | 19170601  |
| Grupo Cibest SA - ADR | 316858 | 23070431  |
|  Mitsubishi UFJ Financial Group, Inc. - ADR<sup>(c)</sup> | 1698431 | 28822374  |
|  Shinhan Financial Group Co. Ltd. - ADR<sup>(c)</sup> | 276319 | 16943881  |
|  Sumitomo Mitsui Financial Group, Inc. - ADR<sup>(c)</sup> | 1305755 | 25788661  |
|  |  | 196911780  |
| **Health Care - 7.6%**<br>|  |  |
| AstraZeneca PLC | 133498 | 26328476  |
| Novartis AG - ADR | 125327 | 19143699  |
|  Takeda Pharmaceutical Co. Ltd. - ADR<sup>(c)</sup> | 886835 | 16424184  |
|  Teva Pharmaceutical Industries Ltd. - ADR<sup>(a)</sup> | 525000 | 15813000  |
|  |  | 77709359  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Industrials - 10.7%**<br>|  |  |
| Airbus SE - ADR | 206351 | $9750085  |
| Canadian Pacific Kansas City Ltd. | 186192 | 14645863  |
| Elbit Systems Ltd. | 21032 | 17858061  |
| Embraer SA - ADR<sup>(a)(b)</sup> | 199489 | 11837677  |
| Latam Airlines Group SA - ADR | 228990 | 11321265  |
| Ryanair Holdings PLC - ADR<sup>(a)(b)</sup> | 331406 | 19155267  |
| Siemens AG - ADR | 205028 | 24988813  |
|  |  | 109557031  |
| **Information Technology - 7.3%**<br>|  |  |
|  ASE Technology Holding Co. Ltd. - ADR | 532562 | 11545944  |
| ASML Holding NV | 16026 | 21167622  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 125415 | 42383999  |
|  |  | 75097565  |
| **Materials - 15.3%**<br>|  |  |
| Agnico Eagle Mines Ltd. | 125398 | 25453286  |
| ArcelorMittal SA<sup>(a)(b)</sup> | 199876 | 10389554  |
| Cemex SAB de CV - ADR | 454348 | 5197741  |
| CRH PLC | 49958 | 5251585  |
| Nutrien Ltd.<sup>(b)</sup> | 499645 | 37703212  |
| Rio Tinto PLC - ADR<sup>(a)(b)</sup> | 145248 | 13550186  |
| Sasol Ltd. - ADR<sup>(a)</sup> | 1230750 | 15950520  |
| Southern Copper Corp.<sup>(a)(b)</sup> | 127518 | 21940762  |
| Wheaton Precious Metals Corp. | 167492 | 21943127  |
|  |  | 157379973  |
| **Utilities - 6.3%**<br>|  |  |
|  Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR | 713859 | 21779848  |
| Enel SpA - ADR | 904420 | 9840090  |
| Korea Electric Power Corp. - ADR<sup>(a)</sup> | 785841 | 11198234  |
| RWE AG - ADR<sup>(c)</sup> | 223449 | 15038118  |
| TransAlta Corp. | 500960 | 6562576  |
|  |  | 64418866  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $854,975,455)** |  | 980948994  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 2.0%**<br>|  |  |
| Amplify Samsung SOFR ETF<sup>(d)</sup> | 205917 | 20621558  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $20,653,527)** |  | 20621558  |

---

The accompanying notes are an integral part of these financial statements.

26<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.1%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(e)</sup> | 103522789 | $103522789  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $103,522,789)** |  | 103522789  |
| **MONEY MARKET FUNDS - 2.6%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency <br>Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 26616830 | 26616830  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $26,616,830)** |  | 26616830  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 110.3%**<br>**(Cost $1,005,768,601)** |  | $1131710171  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (10.3)% |  | (105221935)  |
| **TOTAL NET ASSETS - 100.0%** |  | $1026488236 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $104,173,506.

<sup>(d)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

27<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.1)%**<br>|  |  |  |
| **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** | **Call Options - (0.1)%<sup>(a)(b)</sup>** |
| ArcelorMittal SA, Expiration: 04/17/2026; Exercise Price: $65.00 | $(259900) | &nbsp;&nbsp;&nbsp;&nbsp;(50) | $(875)  |
| Atour Lifestyle Holdings Ltd., Expiration: 04/17/2026; Exercise Price: $35.00 | (3681000) | &nbsp;&nbsp; (1000) | (250000)  |
| Banco Santander SA, Expiration: 04/17/2026; Exercise Price: $13.00 | (3384000) | &nbsp;&nbsp; (3000) | (7500)  |
| Cameco Corp., Expiration: 04/02/2026; Exercise Price: $135.00 | (9774900) | &nbsp;&nbsp;&nbsp;&nbsp;(900) | (11700)  |
| Embraer SA, Expiration: 04/17/2026; Exercise Price: $75.00 | (415380) | &nbsp;&nbsp;&nbsp;&nbsp;(70) | (350)  |
| Eni SpA, Expiration: 04/17/2026; Exercise Price: $52.50 | (5094900) | &nbsp;&nbsp;&nbsp;&nbsp;(900) | (391500)  |
| Nutrien Ltd., Expiration: 04/17/2026; Exercise Price: $73.00 | (7546000) | &nbsp;&nbsp; (1000) | (400000)  |
| Rio Tinto PLC, Expiration: 04/17/2026; Exercise Price: $100.00 | (279870) | &nbsp;&nbsp;&nbsp;&nbsp;(30) | (2100)  |
| Ryanair Holdings PLC, Expiration: 04/17/2026; Exercise Price: $70.00 | (3757000) | &nbsp;&nbsp;&nbsp;&nbsp;(650) | (13000)  |
| Southern Copper Corp., Expiration: 04/02/2026; Exercise Price: $227.50 | (258090) | &nbsp;&nbsp;&nbsp;&nbsp;(15) | (413)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $1,273,646)** |  |  | $(1077438) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

The accompanying notes are an integral part of these financial statements.

28<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CYBERSECURITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 98.8%**<br>|  |  |
| **Industrials - 9.5%**<br>|  |  |
| General Dynamics Corp. | 274415 | $94184716  |
| Northrop Grumman Corp. | 125437 | 85578139  |
|  |  | 179762855  |
| **Information Technology - 89.3%<sup>(a)</sup>**<br>|  |  |
| A10 Networks, Inc.<sup>(b)</sup> | 3170974 | 73312919  |
| Broadcom, Inc. | 413621 | 128019836  |
|  Check Point Software Technologies Ltd.<sup>(c)</sup> | 529945 | 75702643  |
| Cisco Systems, Inc. | 1404140 | 108947223  |
| Cloudflare, Inc. - Class A<sup>(c)</sup> | 525554 | 108442812  |
|  Crowdstrike Holdings, Inc. - Class A<sup>(c)</sup> | 263941 | 103045206  |
| F5, Inc.<sup>(c)</sup> | 292015 | 84488700  |
| Fastly, Inc. - Class A<sup>(c)</sup> | 3527935 | 102521791  |
| Fortinet, Inc.<sup>(c)</sup> | 1151485 | 94099354  |
| Gen Digital, Inc. | 3488630 | 65690903  |
| Okta, Inc.<sup>(c)</sup> | 1075091 | 84620413  |
| Palo Alto Networks, Inc.<sup>(c)</sup> | 683561 | 109588499  |
| Qualys, Inc.<sup>(c)</sup> | 732504 | 64350476  |
| Radware Ltd.<sup>(c)</sup> | 2591273 | 68202305  |
| Rubrik, Inc. - Class A<sup>(b)(c)</sup> | 1450276 | 71020016  |
| SentinelOne, Inc. - Class A<sup>(b)(c)</sup> | 5385459 | 69364712  |
| Tenable Holdings, Inc.<sup>(c)</sup> | 3388746 | 57320639  |
| Trend Micro, Inc. | 2153423 | 70928006  |
| Varonis Systems, Inc.<sup>(c)</sup> | 2891462 | 62079689  |
| Zscaler, Inc.<sup>(c)</sup> | 555369 | 77912717  |
|  |  | 1679658859  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $1,682,744,080)** |  | 1859421714  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.8%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 14049042 | 14049042  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $14,049,042)** |  | 14049042 |

---

---

| | | |
|:---|:---|:---|
|  | **Units** | **Value**  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.7%** |  |  |
|  Mount Vernon Liquid Assets Portfolio, LLC, 3.78%<sup>(d)</sup> | 13917111 | $13917111  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $13,917,111)** |  | 13917111  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.3%**<br>**(Cost $1,710,710,233)** |  | $1887387867  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.3)% |  | (6300902)  |
| **TOTAL NET ASSETS - 100.0%** |  | $1881086965 |

---

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $14,482,492.

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

29<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY DIGITAL PAYMENTS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.7%**<br>|  |  |
| **Communication Services - 0.4%**<br>|  |  |
| Ibotta, Inc. - Class A<sup>(a)(b)</sup> | 23549 | $705763  |
| **Financials - 95.3%<sup>(c)</sup>**<br>|  |  |
| Adyen NV<sup>(a)(d)(e)</sup> | 8841 | 8664771  |
| Affirm Holdings, Inc.<sup>(a)</sup> | 153211 | 7020128  |
| American Express Co. | 30148 | 9119167  |
| Block, Inc.<sup>(a)</sup> | 147078 | 8851154  |
| Boku, Inc.<sup>(a)(d)(e)</sup> | 208983 | 453340  |
| Capital One Financial Corp. | 50076 | 9135365  |
| Coinbase Global, Inc. - Class A<sup>(a)</sup> | 45681 | 7976359  |
| Corpay, Inc.<sup>(a)</sup> | 22193 | 6457941  |
| Dlocal Ltd. | 108229 | 1403730  |
| Etoro Group Ltd. - Class A<sup>(a)</sup> | 37190 | 1116816  |
| Euronet Worldwide, Inc.<sup>(a)</sup> | 37589 | 2494782  |
| EVERTEC, Inc. | 38816 | 1095388  |
|  Fidelity National Information Services, Inc. | 159322 | 7473795  |
| Fiserv, Inc.<sup>(a)</sup> | 127338 | 7105460  |
| Flywire Corp.<sup>(a)</sup> | 101605 | 1182682  |
| Global Payments, Inc. | 94914 | 6387712  |
| GMO Payment Gateway, Inc. | 48146 | 2482807  |
| Kakaopay Corp.<sup>(a)</sup> | 30207 | 963413  |
| Marqeta, Inc. - Class A<sup>(a)</sup> | 255203 | 1041228  |
| Mastercard, Inc. - Class A | 19827 | 9906759  |
| Nanduq PLC - ADR<sup>(a)(b)(f)</sup> | 235051 | 0  |
| Nexi SpA<sup>(d)(e)</sup> | 736186 | 2697398  |
| Pagseguro Digital Ltd. - Class A | 183329 | 1836957  |
| PayPal Holdings, Inc. | 187936 | 8500345  |
| PayPoint PLC | 68656 | 501575  |
| Remitly Global, Inc.<sup>(a)</sup> | 154699 | 2424133  |
| Shift4 Payments, Inc. - Class A<sup>(a)(b)</sup> | 35953 | 1572225  |
| StoneCo Ltd. - Class A<sup>(a)</sup> | 222212 | 3137634  |
| Toast, Inc. - Class A<sup>(a)</sup> | 289160 | 7665632  |
| Visa, Inc. - Class A | 32519 | 9828543  |
| Western Union Co. | 263554 | 2300826  |
| WEX, Inc.<sup>(a)</sup> | 28118 | 4303179  |
| Wise PLC - Class A<sup>(a)</sup> | 672227 | 8004813  |
| Worldline SA<sup>(a)(d)(e)</sup> | 320813 | 94776  |
| Zip Co. Ltd.<sup>(a)</sup> | 1284780 | 1363913  |
|  |  | 154564746  |
| **Information Technology - 4.0%**<br>|  |  |
| ACI Worldwide, Inc.<sup>(a)</sup> | 78996 | 3239626  |
| NCR Voyix Corp.<sup>(a)</sup> | 95342 | 603515  |
| PAX Global Technology Ltd. | 867000 | 475511  |
| Q2 Holdings, Inc.<sup>(a)</sup> | 45163 | 2136210  |
|  |  | 6454862  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $228,164,841)** |  | 161725371  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.6%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(g)</sup> | 2567478 | $2567478  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $2,567,478)** |  | 2567478  |
| **MONEY MARKET FUNDS - 0.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(g)</sup> | 486653 | 486653  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $486,653)** |  | 486653  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 101.6%**<br>**(Cost $231,218,972)** |  | $164779502  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (1.6)% |  | (2645461)  |
| **TOTAL NET ASSETS - 100.0%** |  | $162134041 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $1,526,329.

<sup>(c)</sup> 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.

<sup>(d)</sup> 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 March 31, 2026, the value of these securities total $11,910,285 or 7.3% of the Fund's net assets.

<sup>(e)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $11,910,285 or 7.3% of the Fund's net assets.

<sup>(f)</sup> 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 March 31, 2026.

<sup>(g)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

30<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ENERGY & NATURAL RESOURCES COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 100.0%**<br>|  |  |
| **Coal & Consumable Fuels - 1.0%**<br>|  |  |
| Alliance Resource Partners LP<sup>(a)</sup> | 9672 | $267431  |
| **Commodity Chemicals - 12.4%**<br>|  |  |
| Dow, Inc.<sup>(a)</sup> | 38744 | 1613688  |
| LyondellBasell Industries NV - Class A<sup>(a)</sup> | 21461 | 1728898  |
|  |  | 3342586  |
| **Fertilizers & Agricultural Chemicals - 4.6%**<br>|  |  |
| CVR Partners LP | 9777 | 1238453  |
| **Integrated Oil & Gas - 13.4%**<br>|  |  |
| BP PLC - ADR<sup>(a)</sup> | 18930 | 889710  |
|  Petroleo Brasileiro SA - Petrobras - ADR<sup>(a)</sup> | 85151 | 1766883  |
| TotalEnergies SE<sup>(a)</sup> | 10514 | 956564  |
|  |  | 3613157  |
| **Oil & Gas Drilling - 4.1%**<br>|  |  |
| Noble Corp. PLC | 22226 | 1090630  |
| **Oil & Gas Equipment & Services - 9.1%**<br>|  |  |
| Atlas Energy Solutions, Inc.<sup>(a)</sup> | 97279 | 1276301  |
| Kodiak Gas Services, Inc. | 16520 | 963446  |
| USA Compression Partners LP | 7527 | 204132  |
|  |  | 2443879  |
| **Oil & Gas Exploration & Production - 19.5%**<br>|  |  |
| Black Stone Minerals LP | 14239 | 215294  |
| Canadian Natural Resources Ltd.<sup>(a)</sup> | 17442 | 849949  |
| Chord Energy Corp.<sup>(a)</sup> | 7031 | 999667  |
| Crescent Energy Co. - Class A | 76597 | 1034059  |
| Dorchester Minerals LP | 11776 | 319130  |
| Kimbell Royalty Partners LP | 22045 | 318991  |
| Mach Natural Resources LP<sup>(a)</sup> | 21115 | 295610  |
| Northern Oil & Gas, Inc.<sup>(a)(b)</sup> | 41601 | 1215997  |
|  |  | 5248697  |
| **Oil & Gas Refining & Marketing - 0.6%**<br>|  |  |
| Sunoco LP | 2632 | 171001  |
| **Oil & Gas Storage & Transportation - 30.8%<sup>(c)</sup>**<br>|  |  |
| Antero Midstream Corp.<sup>(a)</sup> | 32074 | 731287  |
| Cheniere Energy Partners LP<sup>(a)</sup> | 2385 | 154143  |
| Delek Logistics Partners LP | 4577 | 227752  |
| Enbridge, Inc. | 14575 | 789090  |
| Energy Transfer LP<sup>(a)</sup> | 10300 | 198790  |
| Enterprise Products Partners LP | 4735 | 179172  |
| FLEX LNG Ltd.<sup>(a)(b)</sup> | 41384 | 1229519  |
| Global Partners LP | 3625 | 152613  |
| Hess Midstream LP - Class A | 5743 | 223230  |
| Kinetik Holdings, Inc.<sup>(a)</sup> | 24847 | 1202843  |
| MPLX LP<sup>(a)</sup> | 3159 | 180284  |
| ONEOK, Inc.<sup>(a)</sup> | 8630 | 780066  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Pembina Pipeline Corp. | 15567 | $696779  |
| Plains All American Pipeline LP | 10252 | 228927  |
| South Bow Corp. | 33357 | 1111455  |
| Western Midstream Partners LP<sup>(a)</sup> | 4941 | 203421  |
|  |  | 8289371  |
| **Specialty Chemicals - 4.5%**<br>|  |  |
| Eastman Chemical Co.<sup>(a)</sup> | 15780 | 1204330  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $21,904,671)** |  | 26909535  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.3%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(d)</sup> | 1165979 | 1165979  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $1,165,979)** |  | 1165979  |
| **MONEY MARKET FUNDS - 0.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 36408 | 36408  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $36,408)** |  | 36408  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 104.5%**<br>**(Cost $23,107,058)** |  | $28111922  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other<br>Assets - (4.5)% |  | (1200390)  |
| **TOTAL NET ASSETS - 100.0%** |  | $26911532 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

LP - Limited Partnership

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $1,131,382.

<sup>(c)</sup> 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.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

31<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ENERGY & NATURAL RESOURCES COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.7)%**<br>|  |  |  |
| **Call Options - (0.7)%**  | **Call Options - (0.7)%**  | **Call Options - (0.7)%**  | **Call Options - (0.7)%**  |
| Alliance Resource Partners LP, Expiration: 04/17/2026; Exercise Price: $30.00<sup>(a)(b)</sup> | $(94010) | &nbsp;&nbsp;&nbsp;&nbsp;(34) | $(595)  |
| Antero Midstream Corp., Expiration: 04/17/2026; Exercise Price: $24.00<sup>(a)(b)</sup> | (239400) | &nbsp;&nbsp;&nbsp;&nbsp;(105) | (1575)  |
| Atlas Energy Solutions, Inc., Expiration: 04/17/2026; Exercise Price: $15.00<sup>(a)(b)</sup> | (502496) | &nbsp;&nbsp;&nbsp;&nbsp;(383) | (7660)  |
| BP PLC, Expiration: 04/17/2026; Exercise Price: $48.00<sup>(a)(b)</sup> | (296100) | &nbsp;&nbsp;&nbsp;&nbsp;(63) | (6300)  |
| Canadian Natural Resources Ltd., Expiration: 04/17/2026; Exercise Price: $52.50<sup>(a)(b)</sup> | (272888) | &nbsp;&nbsp;&nbsp;&nbsp;(56) | (2100)  |
| Cheniere Energy Partners LP, Expiration: 04/17/2026; Exercise Price: $70.00<sup>(a)(b)</sup> | (58167) | &nbsp;&nbsp;&nbsp;&nbsp;(9) | (360)  |
| Chord Energy Corp., Expiration: 04/17/2026; Exercise Price: $140.00<sup>(a)(b)</sup> | (383886) | &nbsp;&nbsp;&nbsp;&nbsp;(27) | (18495)  |
| Dow, Inc., Expiration: 04/17/2026; Exercise Price: $40.00<sup>(a)(b)</sup> | (599760) | &nbsp;&nbsp;&nbsp;&nbsp;(144) | (39672)  |
| Eastman Chemical Co., Expiration: 04/17/2026; Exercise Price: $75.00<sup>(a)(b)</sup> | (473184) | &nbsp;&nbsp;&nbsp;&nbsp;(62) | (23560)  |
| Energy Transfer LP, Expiration: 04/17/2026; Exercise Price: $20.00<sup>(a)(b)</sup> | (71410) | &nbsp;&nbsp;&nbsp;&nbsp;(37) | (462)  |
| FLEX LNG Ltd., Expiration: 04/17/2026; Exercise Price: $34.00<sup>(a)(b)</sup> | 0 | &nbsp;&nbsp;&nbsp;&nbsp;(157) | (2355)  |
| Kinetik Holdings, Inc., Expiration: 04/17/2026; Exercise Price: $50.00<sup>(a)(b)</sup> | (445372) | &nbsp;&nbsp;&nbsp;&nbsp;(92) | (9430)  |
| LyondellBasell Industries NV, Expiration: 04/17/2026; Exercise Price: $80.00<sup>(a)(b)</sup> | (644480) | &nbsp;&nbsp;&nbsp;&nbsp;(80) | (32000)  |
| Mach Natural Resources LP, Expiration: 04/17/2026; Exercise Price: $15.00<sup>(a)(b)</sup> | (110600) | &nbsp;&nbsp;&nbsp;&nbsp;(79) | (3160)  |
| MPLX LP, Counterparty: Cboe BXZ Exchange, Inc.; Expiration: 04/17/2026; Exercise Price: $60.00 | (57070) | &nbsp;&nbsp;&nbsp;&nbsp;(10) | (125)  |
| Northern Oil & Gas, Inc., Expiration: 04/17/2026; Exercise Price: $30.00<sup>(a)(b)</sup> | (444296) | &nbsp;&nbsp;&nbsp;&nbsp;(152) | (12920)  |
| ONEOK, Inc., Expiration: 04/17/2026; Exercise Price: $95.00<sup>(a)(b)</sup> | (307326) | &nbsp;&nbsp;&nbsp;&nbsp;(34) | (2890)  |
| Petroleo Brasileiro SA - Petrobras, Expiration: 04/17/2026; Exercise Price: $21.00<sup>(a)(b)</sup> | (641175) | &nbsp;&nbsp;&nbsp;&nbsp;(309) | (20703)  |
| TotalEnergies SE, Expiration: 04/17/2026; Exercise Price: $95.00<sup>(a)(b)</sup> | (299367) | &nbsp;&nbsp;&nbsp;&nbsp;(37) | (4255)  |
| Western Midstream Partners LP, Expiration: 04/17/2026; Exercise Price: $43.00<sup>(a)(b)</sup> | (69989) | &nbsp;&nbsp;&nbsp;&nbsp;(17) | (383)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $122,577)** |  |  | $(189000) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

32<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHEREUM 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS - 23.7%** | **EXCHANGE TRADED FUNDS - 23.7%** | **EXCHANGE TRADED FUNDS - 23.7%** |  |
| &nbsp;&nbsp;&nbsp; iShares Ethereum Trust <br>ETF<sup>(a)(b)</sup> |  | 39110 | $619111  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $917,802)** |  |  | 619111  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 11.3%<sup>(a)</sup>**<br>|  |  |  |
| **Call Options - 11.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; iShares Ethereum Trust <br>ETF, Expiration: <br>04/17/2026; Exercise <br>Price: $14.05<sup>(b)(c)(d)</sup> | $2176625 | 1375 | 294938  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $228,383)** |  |  | 294938  |
|  |  | **Par** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |  |
| **U.S. TREASURY BILLS - 59.3%** |  |  |  |
| 3.50%, 04/09/2026<sup>(e)</sup> |  | 300000 | 299759  |
| 3.56%, 04/23/2026<sup>(e)</sup> |  | 600000 | 598669  |
| 3.56%, 05/05/2026<sup>(e)</sup> |  | 151000 | 150485  |
| 3.58%, 05/07/2026<sup>(e)</sup> |  | 252000 | 251081  |
| 3.58%, 05/14/2026<sup>(e)</sup> |  | 250000 | 248916  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $1,549,016)** |  |  | 1548910  |
|  |  | **Shares** |  |
| **MONEY MARKET FUNDS - 8.1%** |  |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> |  | 212262 | 212262  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $212,262)** |  |  | 212262  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 102.4%** <br>**(Cost $2,907,463)** |  |  | $2675221  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of <br>Other Assets - (2.4)% |  |  | (61653)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $2613568 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

33<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHEREUM 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (2.4)%**<br>|  |  |  |
| **Call Options - (0.6)%**  | **Call Options - (0.6)%**  | **Call Options - (0.6)%**  | **Call Options - (0.6)%**  |
| iShares Ethereum Trust ETF, Expiration: 04/07/2026; Exercise Price: $16.87<sup>(a)(b)</sup> | $(1662150) | &nbsp;&nbsp; (1050) | $(16800)  |
| **Put Options - (1.8)%** | **Put Options - (1.8)%** | **Put Options - (1.8)%** | **Put Options - (1.8)%** |
| iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05<sup>(a)(b)</sup> | (2176625) | &nbsp;&nbsp; (1375) | (46117)  |
| **TOTAL WRITTEN OPTIONS (Premiums received $195,238)** |  |  | $(62917) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

34<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHEREUM MAX INCOME COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional Amount** | **Contracts** | **Value**  |
| **PURCHASED OPTIONS - 15.7%<sup>(a)</sup>** |  |  |  |
| **Call Options - 15.7%**<br>|  |  |  |
|  iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05<sup>(b)(c)(d)</sup> | $4145877 | 2619 | $561775  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $411,966)** |  |  | 561775  |
|  |  | **Par** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |  |
| **U.S. TREASURY BILLS - 43.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.57%, 04/23/2026<sup>(e)</sup> |  | 350000 | 349224  |
| &nbsp;&nbsp;&nbsp; 3.56%, 05/05/2026<sup>(e)</sup> |  | 605000 | 602936  |
| &nbsp;&nbsp;&nbsp; 3.58%, 05/07/2026<sup>(e)</sup> |  | 605000 | 602795  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $1,555,078)** |  |  | 1554955  |
|  |  | **Shares** |  |
| **MONEY MARKET FUNDS - 32.3%**<br>|  |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)(g)</sup> |  | 1157533 | 1157533  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $1,157,533)** |  |  | 1157533  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 91.5%** <br>**(Cost $3,124,577)** |  |  | $3274263  |
|  Other Assets in Excess of Liabilities - 8.5% |  |  | 304841  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $3579104 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(g)</sup> 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.

The accompanying notes are an integral part of these financial statements.

35<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHEREUM MAX INCOME COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (3.6)%**<br>|  |  |  |
| **Call Options - (1.2)%**  | **Call Options - (1.2)%**  | **Call Options - (1.2)%**  | **Call Options - (1.2)%**  |
| iShares Ethereum Trust ETF, Expiration: 04/07/2026; Exercise Price: $16.87<sup>(a)(b)</sup> | $(4145877) | &nbsp;&nbsp; (2619) | $(41904)  |
| **Put Options - (2.4)%** | **Put Options - (2.4)%** | **Put Options - (2.4)%** | **Put Options - (2.4)%** |
| iShares Ethereum Trust ETF, Expiration: 04/17/2026; Exercise Price: $14.05<sup>(a)(b)</sup> | (4145877) | &nbsp;&nbsp; (2619) | (87841)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $377,584)** |  |  | $(129745) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

36<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 95.4%**<br>|  |  |
| **Communication Services - 3.4%**<br>|  |  |
| Alphabet, Inc. - Class A | 2771 | $796829  |
| Cable One, Inc. | 1568 | 143017  |
| Cargurus, Inc.<sup>(a)</sup> | 14797 | 503838  |
| Cars.com, Inc.<sup>(a)</sup> | 37373 | 303469  |
| Electronic Arts, Inc. | 2981 | 607737  |
| John Wiley & Sons, Inc. - Class A | 9914 | 377723  |
| Netflix, Inc.<sup>(a)</sup> | 4614 | 443636  |
| New York Times Co. - Class A | 8739 | 731716  |
| Omnicom Group, Inc. | 5333 | 401628  |
| Paramount Skydance Corp. | 35482 | 320048  |
| Pinterest, Inc. - Class A<sup>(a)</sup> | 13590 | 249241  |
| T-Mobile US, Inc. | 1630 | 342349  |
|  |  | 5221231  |
| **Consumer Discretionary - 12.6%**<br>|  |  |
| Asbury Automotive Group, Inc.<sup>(a)</sup> | 1910 | 373233  |
| Booking Holdings, Inc. | 92 | 387349  |
| Boot Barn Holdings, Inc.<sup>(a)</sup> | 4002 | 585733  |
| Burlington Stores, Inc.<sup>(a)</sup> | 1801 | 586009  |
| Carter's, Inc. | 10777 | 385386  |
| Cheesecake Factory, Inc. | 8907 | 487658  |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 8339 | 266931  |
| Columbia Sportswear Co. | 5769 | 316199  |
| Crocs, Inc.<sup>(a)</sup> | 4051 | 336314  |
| Deckers Outdoor Corp.<sup>(a)</sup> | 3857 | 386047  |
| Dorman Products, Inc.<sup>(a)</sup> | 3494 | 364634  |
| Etsy, Inc.<sup>(a)</sup> | 9166 | 458117  |
| Five Below, Inc.<sup>(a)</sup> | 5748 | 1313303  |
| Floor & Decor Holdings, Inc. - Class A<sup>(a)</sup> | 5234 | 265887  |
| Frontdoor, Inc.<sup>(a)</sup> | 11125 | 588068  |
| Gentherm, Inc.<sup>(a)</sup> | 16079 | 446675  |
| G-III Apparel Group Ltd. | 15768 | 436774  |
| H&R Block, Inc. | 8063 | 255920  |
| Haverty Furniture Cos., Inc. | 22579 | 478223  |
| Helen of Troy Ltd.<sup>(a)</sup> | 7828 | 112880  |
| Home Depot, Inc. | 1193 | 392366  |
| Installed Building Products, Inc. | 2501 | 663140  |
| Kontoor Brands, Inc. | 6843 | 480994  |
| La-Z-Boy, Inc. | 11191 | 359679  |
| LCI Industries | 5051 | 621172  |
| Levi Strauss & Co. - Class A | 28156 | 520604  |
| Lithia Motors, Inc. | 1472 | 367588  |
| Meritage Homes Corp. | 6180 | 382171  |
| Movado Group, Inc. | 27091 | 661562  |
| O'Reilly Automotive, Inc.<sup>(a)</sup> | 4410 | 407087  |
| Planet Fitness, Inc. - Class A<sup>(a)</sup> | 4360 | 324297  |
| Pool Corp. | 1371 | 277394  |
| Ralph Lauren Corp. | 1959 | 673876  |
| RH<sup>(a)</sup> | 1786 | 249719  |
| Rivian Automotive, Inc. - Class A<sup>(a)</sup> | 34665 | 521708  |
| Ross Stores, Inc. | 3363 | 728527  |
| Steven Madden Ltd. | 16416 | 556831  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| TJX Cos., Inc. | 3539 | $565178  |
| Visteon Corp. | 5572 | 507665  |
| Wayfair, Inc. - Class A<sup>(a)</sup> | 13345 | 1003677  |
| YETI Holdings, Inc.<sup>(a)</sup> | 13011 | 476073  |
|  |  | 19572648  |
| **Consumer Staples - 2.7%**<br>|  |  |
| elf Beauty, Inc.<sup>(a)</sup> | 6858 | 415663  |
| Estee Lauder Cos., Inc. - Class A | 6548 | 469950  |
| Hain Celestial Group, Inc.<sup>(a)</sup> | 100890 | 70401  |
| Marzetti Co. | 2495 | 345133  |
| Performance Food Group Co.<sup>(a)</sup> | 5464 | 468046  |
| PriceSmart, Inc. | 4900 | 737450  |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> | 2743 | 211568  |
| SunOpta, Inc.<sup>(a)</sup> | 88474 | 573312  |
| USANA Health Sciences, Inc.<sup>(a)</sup> | 15525 | 271222  |
| Walmart, Inc. | 4923 | 611830  |
|  |  | 4174575  |
| **Financials - 13.1%**<br>|  |  |
| Ally Financial, Inc. | 12072 | 473585  |
| Amerant Bancorp, Inc. | 21096 | 464956  |
| American Express Co. | 1606 | 485783  |
| Arthur J Gallagher & Co. | 1226 | 265527  |
| Associated Banc-Corp. | 19467 | 503417  |
| Bank of Hawaii Corp. | 6374 | 473269  |
| Bank OZK | 10162 | 466334  |
| BankUnited, Inc. | 12766 | 576513  |
| Banner Corp. | 6886 | 417842  |
| BOK Financial Corp. | 4167 | 533626  |
| Brown & Brown, Inc. | 3401 | 221779  |
| Camden National Corp. | 10924 | 518344  |
| Cass Information Systems, Inc. | 10158 | 447155  |
| Cohen & Steers, Inc. | 5496 | 343775  |
| Columbia Banking System, Inc. | 17796 | 488144  |
| Commerce Bancshares, Inc. | 7345 | 361374  |
| Essent Group Ltd. | 7598 | 444027  |
| First Busey Corp. | 20548 | 519248  |
| First Citizens BancShares, Inc. - Class A | 228 | 429702  |
| First Financial Bancorp | 17578 | 490075  |
| First Financial Bankshares, Inc. | 12156 | 357994  |
| First Horizon Corp. | 22579 | 513898  |
| Global Payments, Inc. | 4442 | 298947  |
| Hamilton Lane, Inc. - Class A | 2857 | 283986  |
| Hancock Whitney Corp. | 8323 | 529260  |
| Huntington Bancshares, Inc. | 29427 | 460533  |
| Jack Henry & Associates, Inc. | 2382 | 376451  |
| LPL Financial Holdings, Inc. | 1316 | 395892  |
| M&T Bank Corp. | 2441 | 504604  |
| Mastercard, Inc. - Class A | 772 | 385737  |
| MGIC Investment Corp. | 17608 | 462210  |
| NMI Holdings, Inc. - Class A<sup>(a)</sup> | 11911 | 446782  |
| OneMain Holdings, Inc. | 9220 | 493178  |
| PayPal Holdings, Inc. | 6466 | 292457  |
| Piper Sandler Cos. | 7028 | 537993  |

---

The accompanying notes are an integral part of these financial statements.

37<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)**<br>|  |  |
| **Financials - (Continued)**<br>|  |  |
| Primerica, Inc. | 1527 | $382483  |
| Prosperity Bancshares, Inc. | 6169 | 414433  |
| Selective Insurance Group, Inc. | 4757 | 358630  |
| Southside Bancshares, Inc. | 15267 | 474651  |
| Visa, Inc. - Class A | 1208 | 365106  |
| W R Berkley Corp. | 6033 | 399867  |
| WaFd, Inc. | 15328 | 481299  |
| Webster Financial Corp. | 8497 | 589862  |
| Wintrust Financial Corp. | 3867 | 537281  |
| WSFS Financial Corp. | 8352 | 546722  |
| Zions Bancorp NA | 8772 | 505443  |
|  |  | 20320174  |
| **Health Care - 13.7%**<br>|  |  |
| Agios Pharmaceuticals, Inc.<sup>(a)</sup> | 14376 | 486340  |
| Alnylam Pharmaceuticals, Inc.<sup>(a)</sup> | 1590 | 526083  |
| Amgen, Inc. | 1402 | 493294  |
| Amicus Therapeutics, Inc.<sup>(a)</sup> | 52382 | 757444  |
| Arrowhead Pharmaceuticals, Inc.<sup>(a)</sup> | 33550 | 2103585  |
| AtriCure, Inc.<sup>(a)</sup> | 13057 | 372516  |
| Axsome Therapeutics, Inc.<sup>(a)</sup> | 3685 | 622839  |
| Bruker Corp. | 10377 | 374817  |
| Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | 17369 | 430056  |
| Corcept Therapeutics, Inc.<sup>(a)</sup> | 3666 | 147776  |
| Cytokinetics, Inc.<sup>(a)</sup> | 10693 | 704776  |
| DexCom, Inc.<sup>(a)</sup> | 6298 | 395514  |
| Edwards Lifesciences Corp.<sup>(a)</sup> | 5926 | 474554  |
| Encompass Health Corp. | 4257 | 411780  |
| Exelixis, Inc.<sup>(a)</sup> | 11637 | 499111  |
| Glaukos Corp.<sup>(a)</sup> | 4360 | 469398  |
| Globus Medical, Inc. - Class A<sup>(a)</sup> | 5879 | 506535  |
| Haemonetics Corp.<sup>(a)</sup> | 6771 | 381613  |
| Halozyme Therapeutics, Inc.<sup>(a)</sup> | 6733 | 435154  |
| IDEXX Laboratories, Inc.<sup>(a)</sup> | 1025 | 575937  |
| Insulet Corp.<sup>(a)</sup> | 1640 | 344138  |
| Integer Holdings Corp.<sup>(a)</sup> | 3646 | 320848  |
| Intuitive Surgical, Inc.<sup>(a)</sup> | 869 | 400600  |
| Ironwood Pharmaceuticals, Inc.<sup>(a)</sup> | 290771 | 1020606  |
| Lantheus Holdings, Inc.<sup>(a)</sup> | 4407 | 334271  |
| Masimo Corporation<sup>(a)</sup> | 2580 | 458905  |
| Medpace Holdings, Inc.<sup>(a)</sup> | 1403 | 673707  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 3985 | 274686  |
| Moderna, Inc.<sup>(a)</sup> | 15077 | 765912  |
| Neogen Corp.<sup>(a)</sup> | 49721 | 461908  |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> | 3890 | 512469  |
| Penumbra, Inc.<sup>(a)(b)</sup> | 1607 | 527691  |
| Protagonist Therapeutics, Inc.<sup>(a)</sup> | 8913 | 939430  |
| Regeneron Pharmaceuticals, Inc. | 681 | 526168  |
| Repligen Corp.<sup>(a)</sup> | 3394 | 399881  |
| Ultragenyx Pharmaceutical, Inc.<sup>(a)</sup> | 11563 | 242245  |
| United Therapeutics Corp.<sup>(a)</sup> | 1387 | 822463  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Veeva Systems, Inc. - Class A<sup>(a)</sup> | 1819 | $319525  |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 888 | 396527  |
| Waters Corp.<sup>(a)</sup> | 1170 | 348426  |
|  |  | 21259528  |
| **Industrials - 15.8%**<br>|  |  |
| AAON, Inc. | 5506 | 455622  |
| Alamo Group, Inc. | 2422 | 399557  |
| Applied Industrial Technologies, Inc. | 1911 | 507027  |
| Atkore, Inc. | 7274 | 428511  |
| Automatic Data Processing, Inc. | 1437 | 291970  |
| AZZ, Inc. | 5140 | 643168  |
| Bloom Energy Corp. - Class A<sup>(a)</sup> | 21899 | 2967096  |
| Brady Corp. - Class A | 6139 | 498732  |
| Builders FirstSource, Inc.<sup>(a)</sup> | 3371 | 277534  |
| Carpenter Technology Corporation | 2365 | 932165  |
| Ennis, Inc. | 22241 | 476402  |
| Forward Air Corp.<sup>(a)</sup> | 20986 | 350676  |
| Franklin Covey Co.<sup>(a)</sup> | 15160 | 239376  |
| Franklin Electric Co., Inc. | 4610 | 424904  |
| HNI Corp. | 9898 | 330494  |
| Hub Group, Inc. - Class A | 11664 | 420371  |
| Illinois Tool Works, Inc. | 1754 | 456549  |
| JBT Marel Corp. | 3452 | 441407  |
| Johnson Controls International PLC | 5378 | 704249  |
| Kadant, Inc. | 1280 | 374208  |
| Kelly Services, Inc. - Class A | 33312 | 294811  |
| Lennox International, Inc. | 771 | 357844  |
| Liquidity Services, Inc.<sup>(a)</sup> | 13855 | 423547  |
| Matson, Inc. | 3382 | 554445  |
| Modine Manufacturing Co.<sup>(a)</sup> | 5569 | 1206858  |
| MSA Safety, Inc. | 2953 | 484144  |
| MYR Group, Inc.<sup>(a)</sup> | 3780 | 1067170  |
| NORDSON Corp. | 2150 | 572029  |
| Paychex, Inc. | 2797 | 257660  |
| Paycom Software, Inc. | 1984 | 241135  |
| Resideo Technologies, Inc.<sup>(a)</sup> | 24149 | 814063  |
| Robert Half, Inc. | 8334 | 211684  |
| Rockwell Automation, Inc. | 1672 | 600047  |
| Rush Enterprises, Inc. - Class A | 8127 | 537276  |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> | 3548 | 472274  |
| SS&C Technologies Holdings, Inc. | 5204 | 351634  |
| Sunrun, Inc.<sup>(a)</sup> | 72941 | 989080  |
| Thermon Group Holdings, Inc.<sup>(a)</sup> | 15348 | 773539  |
| Trex Co., Inc.<sup>(a)</sup> | 7207 | 262479  |
| TriNet Group, Inc. | 5362 | 195338  |
| United Rentals, Inc. | 689 | 501978  |
| Verisk Analytics, Inc. | 1456 | 276276  |
| Watts Water Technologies, Inc. - Class A | 2107 | 611641  |
| WW Grainger, Inc. | 437 | 476684  |
| Xylem, Inc. | 3628 | 433546  |
|  |  | 24587200  |

---

The accompanying notes are an integral part of these financial statements.

38<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** | **COMMON STOCKS - (Continued)** |
| **Information Technology - 30.4%<sup>(c)</sup>**<br>|  |  |
| A10 Networks, Inc. | 26403 | $610437  |
| ACI Worldwide, Inc.<sup>(a)</sup> | 7699 | 315736  |
| Adobe, Inc.<sup>(a)</sup> | 1098 | 266902  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 4160 | 846269  |
| Amkor Technology, Inc. | 24016 | 1081440  |
| Analog Devices, Inc. | 2142 | 681456  |
| Apple, Inc. | 1940 | 492353  |
| Applied Materials, Inc. | 2964 | 1013066  |
| Arista Networks, Inc.<sup>(a)</sup> | 5517 | 677377  |
| Asana, Inc. - Class A<sup>(a)</sup> | 28908 | 185011  |
| Autodesk, Inc.<sup>(a)</sup> | 1645 | 393813  |
| Badger Meter, Inc. | 2223 | 338674  |
| BILL Holdings, Inc.<sup>(a)</sup> | 9424 | 360939  |
| BlackLine, Inc.<sup>(a)</sup> | 8698 | 321826  |
| Box, Inc. - Class A<sup>(a)</sup> | 13648 | 322639  |
| Cadence Design System, Inc.<sup>(a)</sup> | 1693 | 470434  |
| Calix, Inc.<sup>(a)</sup> | 12124 | 593955  |
| CDW Corp. | 2650 | 320703  |
| Ciena Corp.<sup>(a)</sup> | 7124 | 2765751  |
| Cisco Systems, Inc. | 7020 | 544682  |
| Cloudflare, Inc. - Class A<sup>(a)</sup> | 3793 | 782648  |
| Cognex Corp. | 14410 | 705946  |
| Cohu, Inc.<sup>(a)</sup> | 29057 | 889725  |
| CTS Corp. | 10369 | 495223  |
| Datadog, Inc. - Class A<sup>(a)</sup> | 4341 | 512455  |
| Docusign, Inc.<sup>(a)</sup> | 5298 | 251178  |
| Dropbox, Inc. - Class A<sup>(a)</sup> | 16139 | 366678  |
| Dynatrace, Inc.<sup>(a)</sup> | 8942 | 330675  |
| Enphase Energy, Inc.<sup>(a)</sup> | 6968 | 263460  |
| Entegris, Inc. | 4932 | 578228  |
| Everpure, Inc. - Class A<sup>(a)</sup> | 9724 | 574105  |
| Extreme Networks, Inc.<sup>(a)</sup> | 32475 | 489723  |
| F5, Inc.<sup>(a)</sup> | 1614 | 466979  |
| FormFactor, Inc.<sup>(a)</sup> | 15109 | 1465422  |
| Gartner, Inc.<sup>(a)</sup> | 998 | 158023  |
| GoDaddy, Inc. - Class A<sup>(a)</sup> | 2317 | 191546  |
| HubSpot, Inc.<sup>(a)</sup> | 733 | 178925  |
| Insight Enterprises, Inc.<sup>(a)</sup> | 2810 | 188298  |
| InterDigital, Inc. | 2082 | 628764  |
| International Business Machines Corp. | 1760 | 426606  |
| IPG Photonics Corp.<sup>(a)</sup> | 6770 | 775774  |
| KLA Corp. | 632 | 930563  |
| Lattice Semiconductor Corp.<sup>(a)</sup> | 8149 | 755901  |
| Littelfuse, Inc. | 2190 | 743176  |
| Lumentum Holdings, Inc.<sup>(a)</sup> | 6895 | 4845530  |
| Marvell Technology, Inc. | 6958 | 689190  |
| MaxLinear, Inc.<sup>(a)</sup> | 39630 | 689166  |
| Microsoft Corp. | 1150 | 425696  |
| MKS, Inc. | 5394 | 1239595  |
| MongoDB, Inc.<sup>(a)</sup> | 2458 | 601645  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Monolithic Power Systems, Inc. | 740 | $809079  |
| NetApp, Inc. | 4942 | 506011  |
| NetScout Systems, Inc.<sup>(a)</sup> | 20469 | 650710  |
| Novanta, Inc.<sup>(a)</sup> | 3367 | 397676  |
| Nutanix, Inc. - Class A<sup>(a)</sup> | 5980 | 227300  |
| NVIDIA Corp. | 3944 | 687834  |
| Okta, Inc.<sup>(a)</sup> | 4003 | 315076  |
| Power Integrations, Inc. | 8580 | 439296  |
| Progress Software Corp.<sup>(a)</sup> | 8177 | 209740  |
| PTC, Inc.<sup>(a)</sup> | 2773 | 395125  |
| Qualcomm, Inc. | 2844 | 366250  |
| Rambus, Inc.<sup>(a)</sup> | 8256 | 710264  |
| RingCentral, Inc. - Class A | 17285 | 642829  |
| Rogers Corp.<sup>(a)</sup> | 6330 | 679399  |
| Roper Technologies, Inc. | 712 | 251948  |
| Salesforce, Inc. | 1612 | 300912  |
| ScanSource, Inc.<sup>(a)</sup> | 12634 | 458614  |
| ServiceNow, Inc.<sup>(a)</sup> | 2649 | 276953  |
| Teradyne, Inc. | 5221 | 1547818  |
| Texas Instruments, Inc. | 2442 | 474090  |
| Trimble, Inc.<sup>(a)</sup> | 6557 | 427713  |
| Twilio, Inc. - Class A<sup>(a)</sup> | 4409 | 554740  |
| Universal Display Corp. | 3041 | 278738  |
| VeriSign, Inc. | 1714 | 425689  |
| Workday, Inc. - Class A<sup>(a)</sup> | 1788 | 232297  |
| Zoom Communications, Inc. - Class A<sup>(a)</sup> | 5853 | 470523  |
| Zscaler, Inc.<sup>(a)</sup> | 2123 | 297836  |
|  |  | 47278766  |
| **Materials - 1.4%**<br>|  |  |
| AptarGroup, Inc. | 2866 | 361173  |
| Balchem Corp. | 2602 | 440987  |
| Element Solutions, Inc. | 19067 | 650947  |
| Kronos Worldwide, Inc. | 59120 | 388419  |
| Stepan Co. | 8001 | 399890  |
|  |  | 2241416  |
| **Real Estate - 0.1%**<br>|  |  |
| CoStar Group, Inc.<sup>(a)</sup> | 5318 | 214528  |
| **Utilities - 2.2%**<br>|  |  |
| American States Water Co. | 5565 | 420825  |
| American Water Works Co., Inc. | 2906 | 395478  |
| California Water Service Group | 9039 | 409828  |
| Clearway Energy, Inc. - Class A | 15633 | 612345  |
| Middlesex Water Co. | 6821 | 355033  |
| Ormat Technologies, Inc. | 6061 | 678347  |
| XPLR Infrastructure LP<sup>(a)</sup> | 45139 | 479376  |
|  |  | 3351232  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $124,768,448)** |  | 148221298  |

---

The accompanying notes are an integral part of these financial statements.

39<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **REAL ESTATE INVESTMENT TRUSTS - 4.4%** | **REAL ESTATE INVESTMENT TRUSTS - 4.4%** | **REAL ESTATE INVESTMENT TRUSTS - 4.4%** |
| **Financials - 0.3%**<br>|  |  |
| AGNC Investment Corp. | 48933 | $490798  |
| **Real Estate - 4.1%**<br>|  |  |
| Agree Realty Corp. | 5726 | 431626  |
| American Assets Trust, Inc. | 22258 | 409770  |
| Apple Hospitality REIT, Inc. | 35065 | 403598  |
| Cousins Properties, Inc. | 14647 | 330583  |
| First Industrial Realty Trust, Inc. | 8098 | 468469  |
| Hudson Pacific Properties, Inc.<sup>(a)</sup> | 20276 | 119831  |
| Kimco Realty Corp. | 20797 | 467309  |
| Prologis, Inc. | 3938 | 520525  |
| Realty Income Corp. | 7679 | 469801  |
| Rexford Industrial Realty, Inc. | 11028 | 360947  |
| Ryman Hospitality Properties, Inc. | 4822 | 444926  |
| Simon Property Group, Inc. | 2663 | 496729  |
| Sunstone Hotel Investors, Inc. | 46636 | 420190  |
| WP Carey, Inc. | 7018 | 476943  |
| Xenia Hotels & Resorts, Inc. | 37338 | 553723  |
|  |  | 6374970  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS** <br>**(Cost $7,625,926)** |  | 6865768  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.3%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(d)</sup> | 521930 | 521930  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $521,930)** |  | 521930  |
| **MONEY MARKET FUNDS - 0.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 283627 | 283627  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $283,627)** |  | 283627  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.3%**<br>**(Cost $133,199,931)** |  | $155892623  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of <br>Other Assets - (0.3)% |  | (494123)  |
| **TOTAL NET ASSETS - 100.0%** |  | $155398500 |

---

Percentages are stated as a percent of net assets.

LP - Limited Partnership

PLC - Public Limited Company

REIT - Real Estate Investment Trust

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $511,600.

<sup>(c)</sup> 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.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

40<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY HACK CYBERSECURITY COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<br>**Shares** | **Value**  |
| **COMMON STOCKS - 99.2%** | **COMMON STOCKS - 99.2%** | **COMMON STOCKS - 99.2%** | **COMMON STOCKS - 99.2%** |
| **Industrials - 10.0%** | **Industrials - 10.0%** | **Industrials - 10.0%** | **Industrials - 10.0%** |
| General Dynamics Corp.<sup>(a)</sup> |  | 267 | $91640  |
| Northrop Grumman Corp.<sup>(a)</sup> |  | 136 | 92784  |
|  |  |  | 184424  |
| **Information Technology - 89.2%<sup>(b)</sup>** | **Information Technology - 89.2%<sup>(b)</sup>** | **Information Technology - 89.2%<sup>(b)</sup>** | **Information Technology - 89.2%<sup>(b)</sup>** |
| A10 Networks, Inc.<sup>(a)</sup> |  | 2979 | 68875  |
| Broadcom, Inc.<sup>(a)</sup> |  | 410 | 126899  |
|  Check Point Software Technologies Ltd.<sup>(a)(c)</sup> |  | 518 | 73996  |
| Cisco Systems, Inc.<sup>(a)</sup> |  | 1370 | 106298  |
| Cloudflare, Inc. - Class A<sup>(a)(c)</sup> |  | 487 | 100488  |
|  Crowdstrike Holdings, Inc. - Class A<sup>(a)(c)</sup> |  | 274 | 106972  |
| F5, Inc.<sup>(a)(c)</sup> |  | 285 | 82459  |
| Fastly, Inc. - Class A<sup>(a)(c)</sup> |  | 3325 | 96625  |
| Fortinet, Inc.<sup>(a)(c)</sup> |  | 1084 | 88584  |
| Gen Digital, Inc.<sup>(a)</sup> |  | 3404 | 64097  |
| Okta, Inc.<sup>(a)(c)</sup> |  | 1033 | 81307  |
| Palo Alto Networks, Inc.<sup>(a)(c)</sup> |  | 665 | 106613  |
| Qualys, Inc.<sup>(a)(c)</sup> |  | 745 | 65448  |
| Radware Ltd.<sup>(a)(c)</sup> |  | 2487 | 65458  |
| Rubrik, Inc. - Class A<sup>(a)(c)</sup> |  | 1507 | 73798  |
| SentinelOne, Inc. - Class A<sup>(a)(c)</sup> |  | 5300 | 68264  |
| Tenable Holdings, Inc.<sup>(a)(c)</sup> |  | 3389 | 57325  |
| Trend Micro, Inc. - ADR |  | 2090 | 69639  |
| Varonis Systems, Inc.<sup>(a)(c)</sup> |  | 2945 | 63229  |
| Zscaler, Inc.<sup>(a)(c)</sup> |  | 544 | 76318  |
|  |  |  | 1642692  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $1,905,343)** |  |  | 1827116  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 0.6%<sup>(c)</sup>** | **PURCHASED OPTIONS - 0.6%<sup>(c)</sup>** | **PURCHASED OPTIONS - 0.6%<sup>(c)</sup>** | **PURCHASED OPTIONS - 0.6%<sup>(c)</sup>** |
| **Call Options - 0.6%<sup>(a)(d)(e)</sup>** | **Call Options - 0.6%<sup>(a)(d)(e)</sup>** | **Call Options - 0.6%<sup>(a)(d)(e)</sup>** | **Call Options - 0.6%<sup>(a)(d)(e)</sup>** |
|  A10 Networks, Inc., Expiration: 04/17/2026; Exercise Price: $25.00 | $67048 | 29 | 362  |
|  Broadcom, Inc., Expiration: 04/17/2026; Exercise Price: $370.00 | 123804 | 4 | 144  |
|  Check Point Software Technologies Ltd., Expiration: 04/17/2026; Exercise Price: $170.00 | 71425 | 5 | 238  |
|  Cisco Systems, Inc., Expiration: 04/17/2026; Exercise Price: $85.00 | 100867 | 13 | 169  |
|  Cloudflare, Inc., Expiration: 04/17/2026; Exercise Price: $260.00 | 82536 | 4 | 162 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
|  Crowdstrike Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $382.50 | $78082 | 2 | $2240  |
|  F5, Inc., Expiration: 04/17/2026; Exercise Price: $320.00 | 57866 | 2 | 360  |
|  Fastly, Inc., Expiration: 04/10/2026; Exercise Price: $32.00 | 95898 | 33 | 2722  |
|  Fortinet, Inc., Expiration: 04/17/2026; Exercise Price: $90.00 | 81720 | 10 | 340  |
|  Gen Digital, Inc., Expiration: 04/17/2026; Exercise Price: $24.00 | 64022 | 34 | 680  |
|  General Dynamics Corp., Expiration: 04/02/2026; Exercise Price: $367.50 | 68644 | 2 | 95  |
|  Northrop Grumman Corp., Expiration: 04/17/2026; Exercise Price: $765.00 | 68224 | 1 | 332  |
|  Okta, Inc., Expiration: 04/17/2026; Exercise Price: $90.00 | 78710 | 10 | 355  |
|  Palo Alto Networks, Inc., Expiration: 04/17/2026; Exercise Price: $185.00 | 96192 | 6 | 129  |
|  Qualys, Inc., Expiration: 04/17/2026; Exercise Price: $105.00 | 61495 | 7 | 403  |
|  Radware Ltd., Expiration: 04/17/2026; Exercise Price: $28.00 | 63168 | 24 | 840  |
|  Rubrik, Inc., Expiration: 04/17/2026; Exercise Price: $57.50 | 73455 | 15 | 300  |
|  SentinelOne, Inc., Expiration: 04/17/2026; Exercise Price: $16.00 | 68264 | 53 | 398  |
|  Tenable Holdings, Inc., Expiration: 04/17/2026; Exercise Price: $22.00 | 55820 | 33 | 825  |
|  Varonis Systems, Inc., Expiration: 04/17/2026; Exercise Price: $30.00 | 62263 | 29 | 580  |
|  Zscaler, Inc., Expiration: 04/17/2026; Exercise Price: $185.00 | 70145 | 5 | 45  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $25,054)** |  |  | 11719 |

---

The accompanying notes are an integral part of these financial statements.

41<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY HACK CYBERSECURITY COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<br>**Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.3%** | **MONEY MARKET FUNDS - 1.3%** | **MONEY MARKET FUNDS - 1.3%** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> | &nbsp;&nbsp; 23303 | $23303  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $23,303)** |  | 23303  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 101.1%** <br>**(Cost $1,953,700)** |  | $1862138  |
|  Liabilities in Excess of Other Assets - (1.1)% |  | (20890)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $1841248 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(b)</sup> 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.

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> Exchange-traded.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

42<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY HACK CYBERSECURITY COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (1.3)%**<br>|  |  |  |
| **Call Options - (1.3)%<sup>(a)(b)</sup>** | **Call Options - (1.3)%<sup>(a)(b)</sup>** | **Call Options - (1.3)%<sup>(a)(b)</sup>** | **Call Options - (1.3)%<sup>(a)(b)</sup>** |
| A10 Networks, Inc., Expiration: 04/17/2026; Exercise Price: $22.50 | $(67048) | &nbsp;&nbsp;&nbsp;&nbsp;(29) | $(3263)  |
| Broadcom, Inc., Expiration: 04/17/2026; Exercise Price: $350.00 | (123804) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (496)  |
| Check Point Software Technologies Ltd., Expiration: 04/17/2026; Exercise Price: $160.00 | (71425) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | (237)  |
| Cisco Systems, Inc., Expiration: 04/17/2026; Exercise Price: $80.00 | (100867) | &nbsp;&nbsp;&nbsp;&nbsp;(13) | (1157)  |
| Cloudflare, Inc., Expiration: 04/17/2026; Exercise Price: $240.00 | (82536) | &nbsp;&nbsp;&nbsp;&nbsp;(4) | (488)  |
| Crowdstrike Holdings, Inc., Expiration: 04/02/2026; Exercise Price: $380.00 | (78082) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (2605)  |
| F5, Inc., Expiration: 04/17/2026; Exercise Price: $300.00 | (57866) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (1010)  |
| Fastly, Inc., Expiration: 04/10/2026; Exercise Price: $31.00 | (95898) | &nbsp;&nbsp;&nbsp;&nbsp;(33) | (3795)  |
| Fortinet, Inc., Expiration: 04/17/2026; Exercise Price: $85.00 | (81720) | &nbsp;&nbsp;&nbsp;&nbsp;(10) | (1400)  |
| Gen Digital, Inc., Expiration: 04/17/2026; Exercise Price: $22.00 | (64022) | &nbsp;&nbsp;&nbsp;&nbsp;(34) | (85)  |
| General Dynamics Corp., Expiration: 04/02/2026; Exercise Price: $355.00 | (68644) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | (75)  |
| Northrop Grumman Corp., Expiration: 04/17/2026; Exercise Price: $730.00 | (68224) | &nbsp;&nbsp;&nbsp;&nbsp;(1) | (465)  |
| Okta, Inc., Expiration: 04/17/2026; Exercise Price: $87.50 | (78710) | &nbsp;&nbsp;&nbsp;&nbsp;(10) | (645)  |
| Palo Alto Networks, Inc., Expiration: 04/17/2026; Exercise Price: $175.00 | (96192) | &nbsp;&nbsp;&nbsp;&nbsp;(6) | (636)  |
| Qualys, Inc., Expiration: 04/17/2026; Exercise Price: $100.00 | (61495) | &nbsp;&nbsp;&nbsp;&nbsp;(7) | (385)  |
| Radware Ltd., Expiration: 04/17/2026; Exercise Price: $26.00 | (63168) | &nbsp;&nbsp;&nbsp;&nbsp;(24) | (2580)  |
| Rubrik, Inc., Expiration: 04/17/2026; Exercise Price: $55.00 | (73455) | &nbsp;&nbsp;&nbsp;&nbsp;(15) | (1050)  |
| SentinelOne, Inc., Expiration: 04/17/2026; Exercise Price: $15.00 | (68264) | &nbsp;&nbsp;&nbsp;&nbsp;(53) | (397)  |
| Tenable Holdings, Inc., Expiration: 04/17/2026; Exercise Price: $21.00 | (55820) | &nbsp;&nbsp;&nbsp;&nbsp;(33) | (1238)  |
| Varonis Systems, Inc., Expiration: 04/17/2026; Exercise Price: $25.00 | (62263) | &nbsp;&nbsp;&nbsp;&nbsp;(29) | (1232)  |
| Zscaler, Inc., Expiration: 04/17/2026; Exercise Price: $175.00 | (70145) | &nbsp;&nbsp;&nbsp;&nbsp;(5) | (133)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $47,900)** |  |  | $(23372) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

The accompanying notes are an integral part of these financial statements.

43<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY JUNIOR SILVER MINERS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.7%**<br>|  |  |
| **Materials - 99.7%<sup>(a)</sup>**<br>|  |  |
| AbraSilver Resource Corp.<sup>(b)</sup> | 3138431 | $28313458  |
| Aftermath Silver Ltd.<sup>(b)</sup> | 7431848 | 4473328  |
| Alaska Silver Corp.<sup>(b)(c)</sup> | 1140848 | 727566  |
| Almaden Minerals Ltd.<sup>(b)</sup> | 63216 | 10419  |
| Americas Gold & Silver Corp.<sup>(b)</sup> | 8701552 | 45267649  |
| Andean Precious Metals Corp.<sup>(b)</sup> | 1544847 | 7693516  |
| Artemis Gold, Inc.<sup>(b)</sup> | 3062210 | 82833598  |
| Avino Silver & Gold Mines Ltd.<sup>(b)(c)</sup> | 6607247 | 41757801  |
| Aya Gold & Silver, Inc.<sup>(b)</sup> | 5702758 | 86713142  |
| Boliden AB<sup>(b)</sup> | 2232188 | 113809076  |
| Chesapeake Gold Corp.<sup>(b)</sup> | 990852 | 2541829  |
|  Cia de Minas Buenaventura SAA - ADR | 4346313 | 156641120  |
| Coeur Mining, Inc.<sup>(b)</sup> | 21319431 | 400165720  |
| Contango Silver & Gold, Inc.<sup>(b)</sup> | 220105 | 4126975  |
| Copper Fox Metals, Inc.<sup>(b)</sup> | 3189270 | 1439748  |
| Endeavour Silver Corp.<sup>(b)(c)</sup> | 17775953 | 165494122  |
| Falco Resources Ltd.<sup>(b)</sup> | 3646187 | 927517  |
| First Majestic Silver Corp. | 20910059 | 449148067  |
| First Mining Gold Corp.<sup>(b)</sup> | 29748934 | 11084838  |
| Fortuna Mining Corp.<sup>(b)</sup> | 6430850 | 63858340  |
| Franco-Nevada Corp. | 413143 | 102066978  |
| Fresnillo PLC | 1036266 | 45150106  |
| GoGold Resources, Inc.<sup>(b)</sup> | 6964648 | 13275027  |
| Guanajuato Silver Co. Ltd.<sup>(b)</sup> | 14289554 | 6246016  |
| Hecla Mining Co. | 19350186 | 360493965  |
| Heliostar Metals Ltd.<sup>(b)</sup> | 4206513 | 7234159  |
| Hochschild Mining PLC | 5146409 | 40515959  |
| Hycroft Mining Holding Corp.<sup>(b)(c)</sup> | 4625007 | 162800246  |
| i-80 Gold Corp.<sup>(b)(c)</sup> | 8364543 | 12714105  |
| IMPACT Silver Corp.<sup>(b)</sup> | 5764482 | 1073960  |
| Industrias Penoles SAB de CV<sup>(b)</sup> | 580686 | 25715749  |
| KGHM Polska Miedz SA<sup>(b)</sup> | 1725933 | 124026623  |
| Kingsgate Consolidated Ltd. | 2631529 | 7930255  |
| Manuka Resources Ltd.<sup>(b)</sup> | 28888147 | 1859833  |
| McEwen, Inc.<sup>(b)(c)</sup> | 1253563 | 25597756  |
| Minera Frisco SAB de CV<sup>(b)</sup> | 199684 | 104040  |
| OR Royalties, Inc. | 2694339 | 102438769  |
| Osisko Metals, Inc.<sup>(b)</sup> | 8829870 | 7908952  |
| Pan American Silver Corp. | 2834874 | 154869167  |
| Panoro Minerals Ltd.<sup>(b)</sup> | 586050 | 293959  |
| Paramount Gold Nevada Corp.<sup>(b)</sup> | 3161052 | 5247346  |
| Perpetua Resources Corp.<sup>(b)</sup> | 5353373 | 150536849  |
| Royal Gold, Inc. | 269284 | 68530085  |
| Santacruz Silver Mining Ltd.<sup>(b)</sup> | 1735641 | 15036294  |
| Seabridge Gold, Inc.<sup>(b)</sup> | 3982394 | 112861046  |
| Silver Mines Ltd.<sup>(b)</sup> | 72217074 | 8655741  |
| Silver Mountain Resources, Inc.<sup>(b)</sup> | 1377071 | 3799021  |
| Silver Storm Mining Ltd.<sup>(b)</sup> | 12837928 | 4231627  |
| Silvercorp Metals, Inc.<sup>(c)</sup> | 10414087 | 111847294  |
| Skeena Resources Ltd.<sup>(b)</sup> | 2421598 | 71890513  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| SSR Mining, Inc.<sup>(b)</sup> | 4798252 | $141068609  |
| Trevali Mining Corp.<sup>(b)(d)</sup> | 967999 | 0  |
| Trilogy Metals, Inc.<sup>(b)(c)</sup> | 9817974 | 35246527  |
| Triple Flag Precious Metals Corp. | 2546791 | 88399116  |
| Tudor Gold Corp. - Class A<sup>(b)</sup> | 6259923 | 4530488  |
| Vizsla Silver Corp.<sup>(b)(c)</sup> | 20049924 | 66164749  |
| Volcan Cia Minera SAA<sup>(b)</sup> | 13850287 | 2658557  |
| West Vault Mining, Inc.<sup>(b)</sup> | 17852 | 25328  |
| Western Copper & Gold Corp.<sup>(b)</sup> | 5945875 | 15043064  |
| Wheaton Precious Metals Corp. | 1848259 | 242140412  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $2,693,157,309)** |  | 4017256119  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.9%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(e)</sup> | 197278981 | 197278981  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $197,278,981)** |  | 197278981  |
| **MONEY MARKET FUNDS - 0.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 12454233 | 12454233  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $12,454,233)** |  | 12454233  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 104.9%** <br>**(Cost $2,902,890,523)** |  | $4226989333  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (4.9)% |  | (199122794)  |
| **TOTAL NET ASSETS - 100.0%** |  | $4027866539 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> Non-income producing security.

The accompanying notes are an integral part of these financial statements.

44<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY JUNIOR SILVER MINERS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $215,173,920.

<sup>(d)</sup> 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 March 31, 2026.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

45<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.5%**<br>|  |  |
| **Consumer Discretionary - 23.2%**<br>|  |  |
| BYD Co. Ltd. - Class H | 519860 | $7014384  |
| Li Auto, Inc. - Class A<sup>(a)</sup> | 196895 | 1699968  |
| NIO, Inc. - ADR<sup>(a)</sup> | 342266 | 2063864  |
| QuantumScape Corp.<sup>(a)</sup> | 157947 | 1007702  |
| Rivian Automotive, Inc. - Class A<sup>(a)</sup> | 121367 | 1826573  |
| Tesla, Inc.<sup>(a)</sup> | 19388 | 7207489  |
| Vinfast Auto Ltd.<sup>(a)(b)</sup> | 342564 | 1318872  |
| Yadea Group Holdings Ltd.<sup>(c)(d)</sup> | 852237 | 1440104  |
| &nbsp;&nbsp;&nbsp; Zhejiang Leapmotor Technology Co. <br>Ltd. - Class H<sup>(a)(c)(d)</sup> | 254185 | 1524228  |
|  |  | 25103184  |
| **Industrials - 17.1%**<br>|  |  |
| Bloom Energy Corp. - Class A<sup>(a)</sup> | 19621 | 2658449  |
|  CNGR Advanced Material Co. Ltd. - Class H<sup>(a)</sup> | 277676 | 1155154  |
|  Contemporary Amperex Technology Co. Ltd. - Class A | 149489 | 8692529  |
| Ecopro BM Co. Ltd. | 10215 | 1281835  |
| EnerSys | 8096 | 1406437  |
| LG Energy Solution Ltd.<sup>(a)</sup> | 6630 | 1707659  |
|  Zhejiang Huayou Cobalt Co. Ltd. - Class A | 192134 | 1633426  |
|  |  | 18535489  |
| **Information Technology - 4.0%**<br>|  |  |
| Samsung SDI Co. Ltd.<sup>(a)</sup> | 7528 | 2005304  |
| TDK Corp. | 187550 | 2323325  |
|  |  | 4328629  |
| **Materials - 55.2%<sup>(e)</sup>**<br>|  |  |
| Albemarle Corp. | 13076 | 2347534  |
| Antofagasta PLC | 40532 | 1784863  |
|  Baiyin Nonferrous Group Co. Ltd. - Class A | 813212 | 955861  |
| BHP Group Ltd. | 214678 | 7463622  |
| Capstone Copper Corp.<sup>(a)</sup> | 134398 | 1013468  |
| China Nonferrous Mining Corp. Ltd. | 626904 | 918626  |
| First Quantum Minerals Ltd.<sup>(a)</sup> | 78702 | 1881697  |
| Freeport-McMoRan, Inc. | 96532 | 5674151  |
|  Ganfeng Lithium Group Co. Ltd. - Class H<sup>(c)(d)</sup> | 240543 | 2231738  |
| GMK Norilskiy Nickel PAO - ADR<sup>(a)(f)</sup> | 182937 | 0  |
| Grupo Mexico SAB de CV - Class B | 266564 | 2851252  |
|  Guangzhou Tinci Materials Technology Co. Ltd. - Class A | 294817 | 1963114  |
| Hudbay Minerals, Inc. | 65210 | 1362889  |
| IGO Ltd.<sup>(a)</sup> | 218900 | 1185586  |
| Jiangxi Copper Co. Ltd. - Class A | 213845 | 1331075  |
| Leo Lithium Ltd.<sup>(a)(f)</sup> | 742011 | 0  |
| Lundin Mining Corp. | 83914 | 2092572  |
| Merdeka Battery Materials Tbk PT<sup>(a)</sup> | 29144195 | 1251891  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Mineral Resources Ltd.<sup>(a)</sup> | 38684 | $1430853  |
| MMG Ltd.<sup>(a)</sup> | 1059006 | 975109  |
| MP Materials Corp.<sup>(a)</sup> | 26517 | 1279710  |
| PLS Group Ltd.<sup>(a)</sup> | 548706 | 1938329  |
| Resonac Holdings Corp. | 29205 | 1803770  |
| Sandfire Resources Ltd.<sup>(a)</sup> | 106505 | 1177935  |
|  Sociedad Quimica y Minera de Chile SA - ADR<sup>(a)</sup> | 23175 | 1875784  |
| South32 Ltd. | 587381 | 1730476  |
| Sumitomo Metal Mining Co. Ltd. | 32358 | 1805426  |
| Teck Resources Ltd. - Class B | 45991 | 2380034  |
| Tianqi Lithium Corp. - Class H<sup>(a)</sup> | 251016 | 1470652  |
| Trimegah Bangun Persada Tbk PT | 14336868 | 915326  |
| Umicore SA | 58381 | 1091826  |
| Vale Indonesia Tbk PT | 3019094 | 950434  |
| Western Mining Co. Ltd. - Class A | 323628 | 1171173  |
| Xiamen Tungsten Co. Ltd. | 189342 | 1524449  |
|  |  | 59831225  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $88,225,304)** |  | 107798527  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.1%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(g)</sup> | 1223625 | 1223625  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $1,223,625)** |  | 1223625  |
| **MONEY MARKET FUNDS - 0.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(g)</sup> | 194041 | 194041  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $194,041)** |  | 194041  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.8%** <br>**(Cost $89,642,970)** |  | $109216193  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.8)% |  | (912832)  |
| **TOTAL NET ASSETS - 100.0%** |  | $108303361 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

The accompanying notes are an integral part of these financial statements.

46<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $1,256,255.

<sup>(c)</sup> 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 March 31, 2026, the value of these securities total $5,196,070 or 4.8% of the Fund's net assets.

<sup>(d)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $5,196,070 or 4.8% of the Fund's net assets.

<sup>(e)</sup> 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.

<sup>(f)</sup> 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 March 31, 2026.

<sup>(g)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

47<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY MUNICIPAL CEF HIGH INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **CLOSED-END FUNDS - 99.2%**<br>|  |  |
| BlackRock MuniAssets Fund, Inc. | 1054 | $11183  |
|  BlackRock MuniHoldings California Quality Fund, Inc. | 974 | 10130  |
| BlackRock MuniHoldings Fund, Inc. | 916 | 10332  |
|  BlackRock MuniYield New York Quality Fund, Inc. | 1088 | 10445  |
| BlackRock MuniYield Quality Fund III, Inc. | 992 | 10426  |
| BlackRock MuniYield Quality Fund, Inc. | 938 | 10299  |
| DWS Municipal Income Trust | 1662 | 15124  |
| Eaton Vance Municipal Bond Fund | 1124 | 10981  |
| Invesco Advantage Municipal Income Trust II | 1614 | 13977  |
| Invesco Municipal Opportunity Trust | 1490 | 14170  |
| Invesco Municipal Trust | 1482 | 14109  |
|  Invesco Pennsylvania Value Municipal Income Trust | 1352 | 14291  |
| Invesco Quality Municipal Income Trust | 1430 | 13757  |
| Invesco Trust for Investment Grade Municipals | 1378 | 13601  |
| Invesco Value Municipal Income Trust | 1156 | 14057  |
| Neuberger Municipal Fund, Inc. | 1076 | 10921  |
|  Nuveen AMT-Free Municipal Credit Income Fund | 1138 | 14032  |
|  Nuveen AMT-Free Quality Municipal Income Fund | 1156 | 12982  |
|  Nuveen California AMT-Free Quality Municipal Income Fund | 1150 | 13685  |
|  Nuveen California Quality Municipal Income Fund | 1226 | 14283  |
| Nuveen Municipal Credit Income Fund | 1154 | 14056  |
|  Nuveen Municipal High Income Opportunity Fund | 1398 | 14511  |
|  Nuveen New Jersey Quality Municipal Income Fund | 1114 | 13702  |
|  Nuveen New York AMT-Free Quality Municipal Income Fund | 1466 | 14968  |
|  Nuveen New York Quality Municipal Income Fund | 1278 | 14250  |
|  Nuveen Pennsylvania Quality Municipal Income Fund | 1208 | 14411  |
| Nuveen Quality Municipal Income Fund | 1114 | 12811  |
| PIMCO Municipal Income Fund II | 1488 | 11264  |
| &nbsp;&nbsp;&nbsp; Western Asset Intermediate Muni Fund, <br>Inc. | 1454 | 11167  |
| Western Asset Managed Municipals Fund, Inc. | 1080 | 11102  |
| &nbsp;&nbsp;&nbsp; **TOTAL CLOSED-END FUNDS** <br>**(Cost $397,847)** |  | 385027  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.5%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(a)</sup> | 1866 | $1866  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $1,866)** |  | 1866  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 99.7%**<br>**(Cost $399,713)** |  | $386893  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.3% |  | 1319  |
| **TOTAL NET ASSETS - 100.0%** |  | $388212 |

---

Percentages are stated as a percent of net assets.

AMT - Alternative Minimum Tax

<sup>(a)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

48<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ONLINE RETAIL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.7%**<br>|  |  |
| **Omnichannel - 11.5%**<br>|  |  |
| Apple, Inc. | 2829 | $717972  |
| Best Buy Co., Inc. | 9445 | 606369  |
| CarMax, Inc.<sup>(a)</sup> | 18713 | 778087  |
| Dick's Sporting Goods, Inc. | 3490 | 692032  |
| Gap, Inc. | 32589 | 788654  |
| H & M Hennes & Mauritz AB - Class B | 7781 | 143062  |
| Home Depot, Inc. | 2044 | 672251  |
| Industria de Diseno Textil SA | 2546 | 144446  |
| Kohl's Corp. | 43536 | 561614  |
| Lululemon Athletica, Inc.<sup>(a)</sup> | 4557 | 697677  |
| Macy's, Inc. | 36800 | 665712  |
| Next PLC | 748 | 125025  |
| NIKE, Inc. - Class B | 12295 | 649422  |
| Tapestry, Inc. | 6988 | 986077  |
| Target Corp. | 8306 | 1006687  |
| Ulta Beauty, Inc.<sup>(a)</sup> | 1466 | 766293  |
| Victoria's Secret & Co.<sup>(a)</sup> | 20404 | 945929  |
| Walmart, Inc. | 7525 | 935207  |
| Williams-Sonoma, Inc. | 3841 | 700330  |
|  |  | 12582846  |
| **Online Marketplace - 33.7%<sup>(b)</sup>**<br>|  |  |
| Affirm Holdings, Inc.<sup>(a)</sup> | 42756 | 1959080  |
| Alibaba Group Holding Ltd. | 45300 | 687572  |
| Allegro.eu SA<sup>(a)(c)(d)</sup> | 99212 | 701500  |
| Copart, Inc.<sup>(a)</sup> | 72927 | 2421176  |
| Coupang, Inc.<sup>(a)</sup> | 30341 | 572838  |
| Delivery Hero SE<sup>(a)(c)(d)</sup> | 39232 | 698392  |
| DoorDash, Inc. - Class A<sup>(a)</sup> | 12848 | 1929127  |
| Etsy, Inc.<sup>(a)</sup> | 50728 | 2535385  |
| Fiverr International Ltd.<sup>(a)</sup> | 44593 | 446822  |
| Global-e Online Ltd.<sup>(a)</sup> | 25210 | 777728  |
| JD.com, Inc. - Class A | 58100 | 838871  |
| KE Holdings, Inc. - ADR<sup>(e)</sup> | 57811 | 865431  |
| Liquidity Services, Inc.<sup>(a)</sup> | 130284 | 3982782  |
| Lyft, Inc. - Class A<sup>(a)</sup> | 152280 | 2025324  |
| Maplebear, Inc.<sup>(a)</sup> | 84030 | 3147764  |
| Meituan - Class B<sup>(a)(c)(d)</sup> | 70500 | 745896  |
| MercadoLibre, Inc.<sup>(a)</sup> | 400 | 691608  |
| Mercari, Inc.<sup>(a)</sup> | 62900 | 1451417  |
| Ozon Holdings PLC - ADR<sup>(a)(e)(f)</sup> | 106678 | 0  |
| PayPal Holdings, Inc. | 44930 | 2032184  |
| PDD Holdings, Inc. - ADR<sup>(a)</sup> | 6726 | 687263  |
| Prosus NV | 13364 | 600217  |
| Rakuten Group, Inc.<sup>(a)</sup> | 141400 | 642695  |
| Sea Ltd. - ADR<sup>(a)</sup> | 5812 | 481292  |
| Shopify, Inc. - Class A<sup>(a)</sup> | 5632 | 668068  |
| Silicon2 Co. Ltd. | 31191 | 776899  |
| Uber Technologies, Inc.<sup>(a)</sup> | 32972 | 2371676  |
| Upwork, Inc.<sup>(a)</sup> | 186677 | 2045980  |
|  |  | 36784987  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Online Retail - 43.2%<sup>(b)</sup>**<br>|  |  |
| Amazon.com, Inc.<sup>(a)</sup> | 12222 | $2545476  |
| Apotea AB<sup>(a)</sup> | 107728 | 713343  |
| ASKUL Corp. | 101800 | 710917  |
| Auto1 Group SE<sup>(a)</sup> | 28485 | 491653  |
| Bed Bath & Beyond, Inc.<sup>(a)</sup> | 413766 | 1919874  |
| BuySell Technologies Co. Ltd. | 86400 | 1653705  |
| Carvana Co.<sup>(a)</sup> | 9875 | 3104503  |
| Chewy, Inc. - Class A<sup>(a)</sup> | 92466 | 2496582  |
| DocMorris AG<sup>(a)</sup> | 147723 | 884261  |
| eBay, Inc. | 37747 | 3435732  |
| Figs, Inc. - Class A<sup>(a)</sup> | 403393 | 5958115  |
| HelloFresh SE<sup>(a)</sup> | 126857 | 566830  |
| Hims & Hers Health, Inc.<sup>(a)(e)</sup> | 69926 | 1451664  |
| JD Health International, Inc.<sup>(a)(c)(d)</sup> | 119000 | 714285  |
| MSC Industrial Direct Co., Inc. - Class A | 35281 | 3255378  |
| Newegg Commerce, Inc.<sup>(a)(e)</sup> | 10526 | 434829  |
| Oisix ra daichi, Inc. | 83500 | 745301  |
| Peloton Interactive, Inc. - Class A<sup>(a)</sup> | 428854 | 1839784  |
| Redcare Pharmacy NV<sup>(a)(c)(d)</sup> | 12541 | 538111  |
| Revolve Group, Inc.<sup>(a)</sup> | 137863 | 3117082  |
| Rvrc Holding AB | 139222 | 957254  |
| Shutterstock, Inc. | 133525 | 2217850  |
| Spotify Technology SA<sup>(a)</sup> | 4936 | 2393516  |
| Temple & Webster Group Ltd.<sup>(a)</sup> | 60622 | 294791  |
| Vipshop Holdings Ltd. - ADR | 49696 | 781221  |
| Wayfair, Inc. - Class A<sup>(a)</sup> | 30318 | 2280217  |
| Zalando SE<sup>(a)(c)(d)</sup> | 35265 | 834999  |
| ZOZO, Inc. | 110400 | 766811  |
|  |  | 47104084  |
| **Online Travel - 11.3%**<br>|  |  |
| Airbnb, Inc. - Class A<sup>(a)</sup> | 24962 | 3152201  |
| Booking Holdings, Inc. | 625 | 2631450  |
| Expedia Group, Inc. | 14304 | 3302651  |
| MakeMyTrip Ltd.<sup>(a)</sup> | 11469 | 427679  |
| Trip.com Group Ltd. | 13250 | 643555  |
| TripAdvisor, Inc.<sup>(a)</sup> | 198170 | 2112492  |
|  |  | 12270028  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $127,419,735)** |  | 108741945  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.5%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(g)</sup> | 3817417 | 3817417  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $3,817,417)** |  | 3817417  |

---

The accompanying notes are an integral part of these financial statements.

49<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ONLINE RETAIL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **MONEY MARKET FUNDS - 0.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(g)</sup> | 300323 | $300323  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $300,323)** |  | 300323  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 103.5%** <br>**(Cost $131,537,475)** |  | $112859685  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (3.5)% |  | (3805471)  |
| **TOTAL NET ASSETS - 100.0%** |  | $109054214 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

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.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> 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 March 31, 2026, the value of these securities total $4,233,183 or 3.9% of the Fund's net assets.

<sup>(d)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $4,233,183 or 3.9% of the Fund's net assets.

<sup>(e)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $2,587,077.

<sup>(f)</sup> 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 March 31, 2026.

<sup>(g)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

50<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SAMSUNG SOFR ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **REPURCHASE AGREEMENTS - 100.0%** | **REPURCHASE AGREEMENTS - 100.0%** |  |
|  Buckler Securities, LLC, 3.72%, dated 03/26/2026, matures 04/02/2026, repurchase price $140,101,267 (collateralized by U.S. Treasury Notes 3.72% 04/02/2026: total value $140,014,467) | $140000000 | $140000000  |
|  Clear Street LLC, 3.72%, dated 03/31/2026, matures 04/01/2026, repurchase price $80,006,904 (collateralized by U.S. Treasury Notes 3.75% 04/01/2026: total value $79,985,252) | 79998638 | 79998638  |
|  Curvature Securities, LLC, 3.72%, dated 03/31/2026, matures 04/01/2026, repurchase price $60,006,039 (collateralized by U.S. Treasury Notes 2.88% 04/01/2026: total value $59,847,381) | 59999839 | 59999839  |
|  Mirae Asset Securities, Inc., 3.73%, dated 03/31/2026, matures 04/01/2026, repurchase price $133,333,813 (collateralized by various U.S. Government Securities 0.94% 04/01/2026: total value $133,623,489) | 133320000 | 133320000  |
| &nbsp;&nbsp;&nbsp; **TOTAL REPURCHASE AGREEMENTS** <br>**(Cost $413,318,477)** |  | 413318477  |
|  | **Shares** |  |
| **MONEY MARKET FUNDS - 0.0%<sup>(a)</sup>** | **MONEY MARKET FUNDS - 0.0%<sup>(a)</sup>** |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(b)</sup> | 14503 | 14503  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $14,503)** |  | 14503  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.0%** <br>**(Cost $413,332,980)** |  | $413332980  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.0%<sup>(a)</sup> |  | 46243  |
| **TOTAL NET ASSETS - 100.0%** |  | $413379223 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Represents less than 0.05% of net assets.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

51<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 98.6%**<br>|  |  |
| **Energy - 82.4%<sup>(a)</sup>**<br>|  |  |
| Archrock, Inc. | 6154 | $214159  |
| Cheniere Energy, Inc. | 527 | 149542  |
| DT Midstream, Inc. | 1700 | 228939  |
| Enbridge, Inc. | 7565 | 409569  |
| Energy Transfer LP | 11339 | 218843  |
| EQT Corp. | 935 | 59503  |
| Expand Energy Corp. | 306 | 33593  |
| FLEX LNG Ltd.<sup>(b)</sup> | 3417 | 101519  |
| Golar LNG Ltd. | 2686 | 145340  |
| Kinder Morgan, Inc. | 13600 | 456008  |
| Kodiak Gas Services, Inc. | 3230 | 188374  |
| MPLX LP | 7327 | 418152  |
| ONEOK, Inc. | 544 | 49172  |
| Plains GP Holdings LP | 9911 | 240639  |
| Solaris Energy Infrastructure, Inc. | 8653 | 488981  |
| Targa Resources Corp. | 833 | 208858  |
| TC Energy Corp. | 3774 | 236252  |
| Venture Global, Inc. - Class A | 9112 | 143605  |
| Western Midstream Partners LP | 4284 | 176372  |
| Williams Cos., Inc. | 6817 | 496141  |
|  |  | 4663561  |
| **Industrials - 9.4%**<br>|  |  |
| Bloom Energy Corp. - Class A<sup>(c)</sup> | 1921 | 260276  |
| Chart Industries, Inc.<sup>(c)</sup> | 850 | 175738  |
| Worthington Enterprises, Inc. | 1802 | 93956  |
|  |  | 529970  |
| **Materials - 1.6%**<br>|  |  |
| Air Products and Chemicals, Inc. | 306 | 88890  |
| **Utilities - 5.2%**<br>|  |  |
| PPL Corp. | 3281 | 125334  |
| Vistra Corp. | 1139 | 171226  |
|  |  | 296560  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $4,242,618)** |  | 5578981  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.8%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(d)</sup> | 100558 | 100558  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $100,558)** |  | 100558  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **MONEY MARKET FUNDS - 1.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 76988 | $76988  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $76,988)** |  | 76988  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 101.7%** <br>**(Cost $4,420,164)** |  | $5756527  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (1.7)% |  | (98205)  |
| **TOTAL NET ASSETS - 100.0%** |  | $5658322 |

---

Percentages are stated as a percent of net assets.

LP - Limited Partnership

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $97,954.

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

52<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SEYMOUR CANNABIS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 17.2%**<br>|  |  |
| **Consumer Discretionary - 1.0%**<br>|  |  |
| GrowGeneration Corp.<sup>(a)</sup> | 645833 | $710416  |
| **Financials - 0.5%**<br>|  |  |
| Chicago Atlantic BDC, Inc. | 34777 | 324817  |
| **Health Care - 13.9%**<br>|  |  |
| Aleafia Health, Inc.<sup>(a)(b)</sup> | 78894 | 0  |
| Charlotte's Web Holdings, Inc.<sup>(a)(c)</sup> | 129791 | 93301  |
| Clever Leaves Holdings, Inc.<sup>(a)</sup> | 4727 | 3  |
| Cronos Group, Inc.<sup>(a)</sup> | 149408 | 375014  |
| Curaleaf Holdings, Inc.<sup>(a)</sup> | 4263168 | 9193807  |
| Organigram Global, Inc.<sup>(a)</sup> | 140115 | 187754  |
| SNDL, Inc.<sup>(a)</sup> | 181476 | 239548  |
|  |  | 10089427  |
| **Industrials - 0.3%**<br>|  |  |
| Hydrofarm Holdings Group, Inc.<sup>(a)</sup> | 3222 | 3287  |
| RYTHM, Inc.<sup>(a)(c)</sup> | 14309 | 246830  |
|  |  | 250117  |
| **Information Technology - 1.5%**<br>|  |  |
| WM Technology, Inc.<sup>(a)</sup> | 1696192 | 1116773  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $16,528,772)** |  | 12491550  |
|  **REAL ESTATE INVESTMENT TRUSTS - 3.8%**<br>|  |  |
| **Financials - 0.6%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Chicago Atlantic Real Estate Finance, <br>Inc. | 38628 | 437269  |
| **Real Estate - 3.2%**<br>|  |  |
| Innovative Industrial Properties, Inc. | 45744 | 2294519  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS** <br>**(Cost $3,749,676)** |  | 2731788  |
| **CONTINGENT VALUE RIGHTS - 0.0%<sup>(d)</sup>** | **CONTINGENT VALUE RIGHTS - 0.0%<sup>(d)</sup>** |  |
| **Health Care - 0.0%<sup>(d)</sup>**<br>|  |  |
|  Zynerba Pharmaceuticals, Expires 12/31/2040, Exercise Price $0.00<sup>(a)(b)</sup> | 220858 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONTINGENT VALUE RIGHTS** <br>**(Cost $0)** |  | 0 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **SHORT-TERM INVESTMENTS** <br>|  |  |
| **U.S. TREASURY BILLS - 79.3%**<br>|  |  |
| 3.58%, 05/07/2026<sup>(e)</sup> | $37681000 | $37543653  |
| 3.58%, 05/14/2026<sup>(e)</sup> | 1180000 | 1174881  |
| 3.58%, 05/21/2026<sup>(e)</sup> | 640000 | 636781  |
| 3.59%, 06/11/2026<sup>(e)</sup> | 18330000 | 18200001  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $57,560,376)** |  | 57555316  |
|  | **Shares**  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.2%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(f)</sup> | 118200 | 118200  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $118,200)** |  | 118200  |
| **MONEY MARKET FUNDS - 0.1%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> | 37830 | 37830  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $37,830)** |  | 37830  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.6%** <br>**(Cost $77,994,854)** |  | $72934684  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.6)% |  | (437845)  |
| **TOTAL NET ASSETS - 100.0%** |  | $72496839 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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 March 31, 2026.

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $96,042.

<sup>(d)</sup> Represents less than 0.05% of net assets.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

53<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SEYMOUR CANNABIS ETF** 

**SCHEDULE OF TOTAL RETURN SWAP CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/**<br>**Short** | **Financing** <br>**Rate** | **Payment** <br>**Frequency** | **Maturity** <br>**Date** | **Notional** <br>**Amount** | **Value/** <br>**Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| Cresco Labs, Inc. | Nomura Securities International, Inc. | Long | OBFR + 1.50% | Monthly | 6/27/2026 | $633402 | &nbsp;&nbsp; $(74317)  |
| Green Thumb Industries, Inc. | Nomura Securities International, Inc. | Long | OBFR + 1.50% | Monthly | 6/27/2026 | 762806 | &nbsp;&nbsp; (17210)  |
| Trulieve Cannabis Corp. | Nomura Securities International, Inc. | Long | OBFR + 1.50% | Monthly | 6/27/2026 | 1043050 | &nbsp;&nbsp; (140361)  |
| Verano Holdings Corp. | Nomura Securities International, Inc. | Long | OBFR + 1.50% | Monthly | 6/27/2026 | 128928 | &nbsp;&nbsp; (2619)  |
| Vireo Growth, Inc. | Nomura Securities International, Inc. | Long | OBFR + 1.50% | Monthly | 6/27/2026 | 62426 | &nbsp;&nbsp; (7285)  |
| NBC Basket Swap | National Bank of Canada Financial, Inc. | Long | SOFR + 1.50% | Quarterly | 3/15/2027 | 54425807 | &nbsp;&nbsp; (3083940)  |
|  **Net Unrealized Appreciation (Depreciation)** |  |  |  |  |  |  | &nbsp;&nbsp; $(3325732) |

---

There are no upfront payments or receipts associated with total return swaps in the Fund as of March 31, 2026.

The underlying swaps of the NBC Basket Swap as of March 31, 2026 are shown below:

---

| | | | |
|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Notional** <br>**Amount** | **Concentration %** <br>**of Exposure**  |
| **Option Contracts:**<br>|  |  |  |
| Ascend Wellness Holdings, Inc. | National Bank of Canada Financial, Inc. | $1207594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.22%  |
| Ayr Wellness, Inc. | National Bank of Canada Financial, Inc. | 26825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.05%  |
| Cannabist Co. Holdings, Inc. | National Bank of Canada Financial, Inc. |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  |
| Cresco Labs, Inc. | National Bank of Canada Financial, Inc. | 6616216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.16%  |
| Curaleaf Holdings, Inc. | National Bank of Canada Financial, Inc. | 2790104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%  |
| Glass House Brands, Inc. | National Bank of Canada Financial, Inc. | 6050012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.12%  |
| Green Thumb Industries, Inc. | National Bank of Canada Financial, Inc. | 11104709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.39%  |
| Jushi Holdings, Inc. | National Bank of Canada Financial, Inc. | 1589949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.92%  |
| MariMed, Inc. | National Bank of Canada Financial, Inc. | 554173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.02%  |
| Planet 13 Holdings, Inc. | National Bank of Canada Financial, Inc. | 766550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.41%  |
| TerrAscend Corp. | National Bank of Canada Financial, Inc. | 4143431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.61%  |
| Trulieve Cannabis Corp. | National Bank of Canada Financial, Inc. | 11604040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.32%  |
| Verano Holdings Corp. | National Bank of Canada Financial, Inc. | 6438164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.83%  |
| Vireo Growth, Inc. | National Bank of Canada Financial, Inc. | 1534040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.82%  |
| **The Underlying Positions** |  | $54425807.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.00% |

---

OBFR - Overnight Bank Funding Rate was 3.64% as of March 31, 2026.

SOFR - Secured Overnight Financing Rate was 3.68% as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

54<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SILJ JUNIOR SILVER MINERS COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value**  |
| **COMMON STOCKS - 62.8%** | **COMMON STOCKS - 62.8%** | **COMMON STOCKS - 62.8%** | **COMMON STOCKS - 62.8%** |
| **Materials - 62.8%<sup>(a)</sup>**<br>|  |  |  |
|  Cia de Minas Buenaventura SAA - ADR<sup>(b)</sup> |  | 38874 | $1401019  |
| Endeavour Silver Corp.<sup>(b)(c)</sup> |  | 185877 | 1730515  |
| First Majestic Silver Corp.<sup>(b)</sup> |  | 130208 | 2796868  |
| Fortuna Mining Corp.<sup>(b)(c)</sup> |  | 122264 | 1214081  |
| Franco-Nevada Corp.<sup>(b)</sup> |  | 5003 | 1235991  |
| Hecla Mining Co.<sup>(b)</sup> |  | 145659 | 2713627  |
| McEwen, Inc.<sup>(b)(c)</sup> |  | 106814 | 2181142  |
| OR Royalties, Inc.<sup>(b)</sup> |  | 32199 | 1224206  |
| Pan American Silver Corp.<sup>(b)</sup> |  | 24976 | 1364439  |
| Royal Gold, Inc.<sup>(b)</sup> |  | 4840 | 1231732  |
| Seabridge Gold, Inc.<sup>(b)(c)</sup> |  | 66681 | 1889739  |
| Skeena Resources Ltd.<sup>(c)</sup> |  | 49965 | 1484960  |
|  Wheaton Precious Metals Corp.<sup>(b)</sup> |  | 12083 | 1582994  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $19,690,411)** |  |  | 22051313  |
|  **AFFILIATED EXCHANGE TRADED FUNDS - 23.6%**<br>|  |  |  |
|  Amplify Junior Silver Miners ETF<sup>(b)(d)</sup> |  | 279115 | 8295298  |
| &nbsp;&nbsp;&nbsp; **TOTAL AFFILIATED EXCHANGE TRADED FUNDS** <br>**(Cost $7,567,793)** |  |  | 8295298  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 2.5%<sup>(c)</sup>** | **PURCHASED OPTIONS - 2.5%<sup>(c)</sup>** |  |  |
| **Call Options - 2.5%<sup>(b)(e)(f)</sup>**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Amplify Junior Silver Miners ETF, <br>Expiration: 04/17/2026; Exercise Price: $36.00<sup>(d)</sup> | $8294852 | 2791 | 78148  |
| &nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura SAA, <br>Expiration: 04/17/2026; Exercise Price: $38.00 | 1398352 | 388 | 49470  |
|  Endeavour Silver Corp., Expiration: 04/17/2026; Exercise Price: $15.00 | 1647870 | 1770 | 4425  |
|  First Majestic Silver Corp., Expiration: 04/17/2026; Exercise Price: $24.00 | 2796696 | 1302 | 102207  |
|  Fortuna Mining Corp., Expiration: 04/17/2026; Exercise Price: $15.00 | 1155852 | 1164 | 2910  |
|  Franco-Nevada Corp., Expiration: 04/17/2026; Exercise Price: $260.00 | 1235250 | 50 | 24250  |
| &nbsp;&nbsp;&nbsp; Hecla Mining Co., <br>Expiration: 04/17/2026; Exercise Price: $22.00 | 2712528 | 1456 | 49504 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount**  | **Contracts**  | **Value**  |
| iShares Silver Trust<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; <br>Exercise Price: $79.00 | $4681218 | 687 | $63891  |
| &nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; <br>Exercise Price: $73.00 | 4681218 | 687 | 317737  |
| McEwen, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; <br>Exercise Price: $24.00 | 498248 | 244 | 7930  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; <br>Exercise Price: $27.00 | 1682608 | 824 | 30900  |
| &nbsp;&nbsp;&nbsp; OR Royalties, Inc., <br>Expiration: 04/17/2026; Exercise Price: $45.00 | 1163412 | 306 | 6885  |
|  Pan American Silver Corp., Expiration: 04/17/2026; Exercise Price: $65.00 | 1360287 | 249 | 11828  |
| &nbsp;&nbsp;&nbsp; Royal Gold, Inc., <br>Expiration: 04/17/2026; Exercise Price: $290.00 | 1221552 | 48 | 7560  |
| &nbsp;&nbsp;&nbsp; Seabridge Gold, Inc., <br>Expiration: 04/17/2026; Exercise Price: $29.00 | 1887444 | 666 | 113220  |
|  Wheaton Precious Metals Corp., Expiration: 04/17/2026; Exercise Price: $155.00 | 1572120 | 120 | 6000  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $1,530,331)** |  |  | 876865  |
|  |  | **Par** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |  |  |
| **U.S. TREASURY BILLS - 13.2%** | **U.S. TREASURY BILLS - 13.2%** |  |  |
| 3.51%, 06/11/2026<sup>(g)</sup> |  | $500000 | 496454  |
| 3.61%, 07/09/2026<sup>(g)</sup> |  | 1572000 | 1556433  |
| 3.59%, 08/06/2026<sup>(g)</sup> |  | 1465000 | 1446509  |
| 3.61%, 09/03/2026<sup>(g)</sup> |  | 1156000 | 1138185  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $4,638,400)** |  |  | 4637581  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 102.1%**<br>**(Cost $33,426,935)** |  |  | $35861057  |
|  Liabilities in Excess of Other Assets - (2.1)% |  |  | (745939)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $35115118 |

---

The accompanying notes are an integral part of these financial statements.

55<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SILJ JUNIOR SILVER MINERS COVERED CALL ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Non-income producing security.

<sup>(d)</sup> Affiliated security as defined by the Investment Company Act of 1940.

<sup>(e)</sup> 100 shares per contract.

<sup>(f)</sup> Exchange-traded.

<sup>(g)</sup> The rate shown is the annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

56<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SILJ JUNIOR SILVER MINERS COVERED CALL ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (4.5)%**<br>|  |  |  |
| **Call Options - (2.7)%<sup>(a)(b)</sup>** | **Call Options - (2.7)%<sup>(a)(b)</sup>** | **Call Options - (2.7)%<sup>(a)(b)</sup>** | **Call Options - (2.7)%<sup>(a)(b)</sup>** |
| &nbsp;&nbsp;&nbsp; Amplify Junior Silver Miners ETF, <br>Expiration: 04/17/2026; Exercise Price: $34.00<sup>(c)</sup> | $(8294852) | &nbsp;&nbsp; (2791) | $(132573)  |
| &nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura SAA, <br>Expiration: 04/17/2026; Exercise Price: $36.00 | (1398352) | &nbsp;&nbsp;&nbsp;&nbsp;(388) | (77600)  |
| &nbsp;&nbsp;&nbsp; Endeavour Silver Corp., <br>Expiration: 04/17/2026; Exercise Price: $12.50 | (1729798) | &nbsp;&nbsp; (1858) | (9290)  |
| &nbsp;&nbsp;&nbsp; First Majestic Silver Corp., <br>Expiration: 04/17/2026; Exercise Price: $23.00 | (2796696) | &nbsp;&nbsp; (1302) | (141918)  |
| &nbsp;&nbsp;&nbsp; Fortuna Mining Corp., <br>Expiration: 04/17/2026; Exercise Price: $12.50 | (1213446) | &nbsp;&nbsp; (1222) | (6110)  |
| &nbsp;&nbsp;&nbsp; Franco-Nevada Corp., <br>Expiration: 04/17/2026; Exercise Price: $240.00 | (1235250) | &nbsp;&nbsp;&nbsp;&nbsp;(50) | (71750)  |
| &nbsp;&nbsp;&nbsp; Hecla Mining Co., <br>Expiration: 04/17/2026; Exercise Price: $21.00 | (2712528) | &nbsp;&nbsp; (1456) | (77168)  |
| &nbsp;&nbsp;&nbsp; iShares Silver Trust, <br>Expiration: 04/17/2026; Exercise Price: $74.00 | (4681218) | &nbsp;&nbsp;&nbsp;&nbsp;(687) | (128126)  |
| McEwen, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $22.00 | (498248) | &nbsp;&nbsp;&nbsp;&nbsp;(244) | (17690)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $25.00 | (1682608) | &nbsp;&nbsp;&nbsp;&nbsp;(824) | (12360)  |
| &nbsp;&nbsp;&nbsp; OR Royalties, Inc., <br>Expiration: 04/17/2026; Exercise Price: $40.00 | (1220442) | &nbsp;&nbsp;&nbsp;&nbsp;(321) | (33705)  |
| &nbsp;&nbsp;&nbsp; Pan American Silver Corp., <br>Expiration: 04/17/2026; Exercise Price: $60.00 | (1360287) | &nbsp;&nbsp;&nbsp;&nbsp;(249) | (30502)  |
| &nbsp;&nbsp;&nbsp; Royal Gold, Inc., <br>Expiration: 04/17/2026; Exercise Price: $270.00 | (1221552) | &nbsp;&nbsp;&nbsp;&nbsp;(48) | (21120)  |
| &nbsp;&nbsp;&nbsp; Seabridge Gold, Inc., <br>Expiration: 04/17/2026; Exercise Price: $27.00 | (1887444) | &nbsp;&nbsp;&nbsp;&nbsp;(666) | (173160)  |
| &nbsp;&nbsp;&nbsp; Wheaton Precious Metals Corp., <br>Expiration: 04/17/2026; Exercise Price: $145.00 | (1572120) | &nbsp;&nbsp;&nbsp;&nbsp;(120) | (18600)  |
| **Total Call Options** |  |  | (951672)  |
| **Put Options - (1.8)%** | **Put Options - (1.8)%** | **Put Options - (1.8)%** | **Put Options - (1.8)%** |
| &nbsp;&nbsp;&nbsp; iShares Silver Trust, <br>Expiration: 05/15/2026; Exercise Price: $73.01<sup>(a)(b)</sup> | (4681218) | &nbsp;&nbsp;&nbsp;&nbsp;(687) | (631181)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $2,056,834)** |  |  | $(1582853) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

<sup>(c)</sup> Affiliated security as defined by the Investment Company Act of 1940.

The accompanying notes are an integral part of these financial statements.

57<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SMALL-MID CAP EQUITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 92.3%**<br>|  |  |
| **Consumer Discretionary - 8.3%**<br>|  |  |
| Acushnet Holdings Corp. | 132 | $12339  |
| Bright Horizons Family Solutions, Inc.<sup>(a)</sup> | 222 | 18233  |
| Installed Building Products, Inc. | 44 | 11667  |
| NVR, Inc.<sup>(a)</sup> | 4 | 26359  |
| Texas Roadhouse, Inc. | 122 | 20147  |
| Visteon Corp. | 134 | 12209  |
|  |  | 100954  |
| **Consumer Staples - 5.5%**<br>|  |  |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 274 | 26967  |
| Casey's General Stores, Inc. | 56 | 40760  |
|  |  | 67727  |
| **Energy - 6.3%**<br>|  |  |
| Matador Resources Co. | 552 | 34875  |
| Range Resources Corp. | 652 | 29458  |
| Solaris Energy Infrastructure, Inc. | 230 | 12997  |
|  |  | 77330  |
| **Financials - 16.3%**<br>|  |  |
| American Financial Group, Inc. | 246 | 31417  |
| Markel Group, Inc.<sup>(a)</sup> | 16 | 30625  |
| Pinnacle Financial Partners, Inc. | 256 | 22052  |
| Stifel Financial Corp. | 504 | 37256  |
| Stock Yards Bancorp, Inc. | 324 | 21478  |
| Webster Financial Corp. | 480 | 33321  |
| Wintrust Financial Corp. | 170 | 23620  |
|  |  | 199769  |
| **Health Care - 14.6%**<br>|  |  |
| BioLife Solutions, Inc.<sup>(a)</sup> | 606 | 11563  |
| Bio-Techne Corp. | 394 | 20590  |
| CRISPR Therapeutics AG<sup>(a)(b)</sup> | 232 | 11036  |
| Ensign Group, Inc. | 92 | 18538  |
| GeneDx Holdings Corp.<sup>(a)</sup> | 64 | 4110  |
| GRAIL, Inc.<sup>(a)</sup> | 62 | 3204  |
| IDEXX Laboratories, Inc.<sup>(a)</sup> | 30 | 16857  |
| Insulet Corp.<sup>(a)</sup> | 50 | 10492  |
| iRadimed Corp. | 60 | 5776  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 236 | 16268  |
| Repligen Corp.<sup>(a)</sup> | 148 | 17437  |
| Veracyte, Inc.<sup>(a)</sup> | 168 | 5411  |
| West Pharmaceutical Services, Inc. | 150 | 37596  |
|  |  | 178878  |
| **Industrials - 20.3%**<br>|  |  |
| AAON, Inc. | 158 | 13075  |
| Applied Industrial Technologies, Inc. | 104 | 27593  |
| BWX Technologies, Inc. | 124 | 25357  |
| Carlisle Cos., Inc. | 74 | 24688  |
| Copart, Inc.<sup>(a)</sup> | 322 | 10691  |
| Curtiss-Wright Corp. | 52 | 35418  |
| HEICO Corp. | 78 | 21388  |
| Kadant, Inc. | 58 | 16956  |
| Nextpower, Inc. - Class A<sup>(a)</sup> | 108 | 13019  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Old Dominion Freight Line, Inc. | 140 | $27356  |
| Watsco, Inc. | 90 | 32741  |
|  |  | 248282  |
| **Information Technology - 13.3%**<br>|  |  |
| Badger Meter, Inc. | 86 | 13102  |
| Fair Isaac Corp.<sup>(a)</sup> | 14 | 14946  |
| Mirion Technologies, Inc.<sup>(a)</sup> | 284 | 5280  |
| MKS, Inc. | 162 | 37229  |
| Monolithic Power Systems, Inc. | 44 | 48107  |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 96 | 15391  |
| Q2 Holdings, Inc.<sup>(a)</sup> | 208 | 9838  |
| Trimble, Inc.<sup>(a)</sup> | 280 | 18264  |
|  |  | 162157  |
| **Materials - 7.7%**<br>|  |  |
| Eagle Materials, Inc. | 156 | 29554  |
| Royal Gold, Inc. | 98 | 24940  |
| RPM International, Inc. | 118 | 11729  |
| Steel Dynamics, Inc. | 156 | 28080  |
|  |  | 94303  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $1,154,258)** |  | 1129400  |
| **REAL ESTATE INVESTMENT TRUSTS - 5.4%** | **REAL ESTATE INVESTMENT TRUSTS - 5.4%** |  |
| **Real Estate - 5.4%**<br>|  |  |
| EastGroup Properties, Inc. | 140 | 25913  |
| Essential Properties Realty Trust, Inc. | 668 | 20280  |
| Tanger, Inc. | 586 | 19912  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS** <br>**(Cost $67,810)** |  | 66105  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 2.2%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(c)</sup> | 27050 | 27050  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $27,050)** |  | 27050  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.8%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(c)</sup> | 10181 | 10181  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $10,181)** |  | 10181  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.7%** <br>**(Cost $1,259,299)** |  | $1232736  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.7)% |  | (8894)  |
| **TOTAL NET ASSETS - 100.0%** |  | $1223842 |

---

The accompanying notes are an integral part of these financial statements.

58<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SMALL-MID CAP EQUITY ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $10,703.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

59<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SOLANA 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value**  |
|  **EXCHANGE TRADED FUNDS - 23.7%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Bitwise Solana <br>Staking ETF<sup>(a)(b)</sup> |  | 27960 | $308958  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $420,850)** |  |  | 308958  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 5.5%<sup>(a)</sup>** | **PURCHASED OPTIONS - 5.5%<sup>(a)</sup>** |  |  |
| **Call Options - 5.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bitwise Solana Staking ETF, Expiration: 04/17/2026; Exercise Price: <br>$10.85<sup>(b)(c)(d)</sup> | $1060800 | 960 | 71030  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $129,947)** |  |  | 71030  |
|  |  | **Par**  |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 61.2%** | **U.S. TREASURY BILLS - 61.2%** | **U.S. TREASURY BILLS - 61.2%** | **U.S. TREASURY BILLS - 61.2%** |
| 3.48%, 04/09/2026<sup>(e)</sup> |  | $200000 | 199840  |
| 3.56%, 05/05/2026<sup>(e)</sup> |  | 151000 | 150485  |
| 3.57%, 05/07/2026<sup>(e)</sup> |  | 350000 | 348724  |
| 3.58%, 05/21/2026<sup>(e)</sup> |  | 50000 | 49749  |
| 3.57%, 06/04/2026<sup>(e)</sup> |  | 50000 | 49679  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $798,543)** |  |  | 798477  |
|  |  | **Shares** |  |
| **MONEY MARKET FUNDS - 13.4%** | **MONEY MARKET FUNDS - 13.4%** | **MONEY MARKET FUNDS - 13.4%** | **MONEY MARKET FUNDS - 13.4%** |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(f)</sup> |  | 174713 | 174713  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $174,713)** |  |  | 174713  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 103.8%**<br>**(Cost $1,524,053)** |  |  | $1353178  |
|  Liabilities in Excess of Other Assets - (3.8)% |  |  | (49373)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $1303805 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

60<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY SOLANA 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (4.4)%**<br>|  |  |  |
| **Call Options - (0.5)%**  | **Call Options - (0.5)%**  | **Call Options - (0.5)%**  | **Call Options - (0.5)%**  |
| Bitwise Solana Staking ETF, Expiration: 04/07/2026; Exercise Price: $11.93<sup>(a)(b)</sup> | $(718250) | &nbsp;&nbsp;&nbsp;&nbsp;(650) | $(6500)  |
| **Put Options - (3.9)%** | **Put Options - (3.9)%** | **Put Options - (3.9)%** | **Put Options - (3.9)%** |
| Bitwise Solana Staking ETF, Expiration: 04/17/2026; Exercise Price: $10.85<sup>(a)(b)</sup> | (1060800) | &nbsp;&nbsp;&nbsp;&nbsp;(960) | (50928)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $99,739)** |  |  | $(57428) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

61<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY STABLECOIN TECHNOLOGY ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 73.0%**<br>|  |  |
| **Financials - 62.2%<sup>(a)</sup>**<br>|  |  |
| Bakkt, Inc.<sup>(b)(c)</sup> | 2652 | $19519  |
| Bitgo Holdings, Inc. - Class A<sup>(b)</sup> | 1608 | 13234  |
| Block, Inc.<sup>(b)</sup> | 1002 | 60300  |
| Coinbase Global, Inc. - Class A<sup>(b)</sup> | 324 | 56574  |
| Dlocal Ltd. | 1590 | 20622  |
| Etoro Group Ltd. - Class A<sup>(b)</sup> | 1842 | 55315  |
|  Figure Technology Solutions, Inc. - Class A<sup>(b)</sup> | 1704 | 57851  |
| Flywire Corp.<sup>(b)</sup> | 1974 | 22977  |
| Galaxy Digital, Inc. - Class A<sup>(b)</sup> | 3012 | 55572  |
| Gemini Space Station, Inc. - Class A<sup>(b)</sup> | 2160 | 9547  |
| GMO Payment Gateway, Inc. | 600 | 30941  |
| Marqeta, Inc. - Class A<sup>(b)</sup> | 5286 | 21567  |
| Mastercard, Inc. - Class A | 132 | 65955  |
| OBOOK Holdings, Inc.<sup>(b)</sup> | 60 | 358  |
| OSL Group Ltd.<sup>(b)</sup> | 9000 | 16071  |
| PayPal Holdings, Inc. | 1422 | 64317  |
| Shift4 Payments, Inc. - Class A<sup>(b)</sup> | 1374 | 60085  |
| SoFi Technologies, Inc.<sup>(b)</sup> | 3498 | 55548  |
| Visa, Inc. - Class A | 210 | 63471  |
|  |  | 749824  |
| **Information Technology - 10.8%**<br>|  |  |
| Circle Internet Group, Inc.<sup>(b)</sup> | 576 | 54956  |
| Exodus Movement, Inc. - Class A<sup>(b)</sup> | 150 | 975  |
| GPGI, Inc. | 3282 | 56122  |
| KONA I Co. Ltd. | 174 | 6192  |
| Opera Ltd. - ADR | 834 | 11893  |
|  |  | 130138  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $937,972)** |  | 879962  |
| **EXCHANGE TRADED FUNDS - 22.6%** | **EXCHANGE TRADED FUNDS - 22.6%** |  |
| Bitwise Solana Staking ETF<sup>(b)</sup> | 6924 | 76510  |
| Bitwise XRP ETF<sup>(b)</sup> | 2489 | 37410  |
| Grayscale Chainlink Trust ETF<sup>(b)</sup> | 9972 | 77482  |
| iShares Ethereum Trust ETF<sup>(b)</sup> | 5094 | 80638  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $302,572)** |  | 272040  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 4.4%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(d)</sup> | 52957 | 52957  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $52,957)** |  | 52957  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; First American Government Obligations <br>Fund - Class X, 3.58%<sup>(d)</sup> | 6112 | $6112  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $6,112)** |  | 6112  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.5%** <br>**(Cost $1,299,613)** |  | $1211071  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.5)% |  | (6192)  |
| **TOTAL NET ASSETS - 100.0%** |  | $1204879 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $6,204.

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

62<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY TLT U.S. TREASURY 12% OPTION INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS - 73.5%** | **EXCHANGE TRADED FUNDS - 73.5%** | **EXCHANGE TRADED FUNDS - 73.5%** |
| &nbsp;&nbsp;&nbsp; iShares 20+ Year Treasury Bond <br>ETF<sup>(a)(b)</sup> | 246587 | $21376627  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $22,029,674)** |  | 21376627  |
|  | **Par** |  |
| **U.S. TREASURY SECURITIES - 26.7%** | **U.S. TREASURY SECURITIES - 26.7%** | **U.S. TREASURY SECURITIES - 26.7%** |
| &nbsp;&nbsp;&nbsp; United States Treasury Note/Bond, <br>4.25%, 08/15/2054 | $8658000 | 7778672  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $8,056,909)** |  | 7778672  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.2%** <br>**(Cost $30,086,583)** |  | $29155299  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.2)% |  | (60798)  |
| **TOTAL NET ASSETS - 100.0%** |  | $29094501 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 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.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

The accompanying notes are an integral part of these financial statements.

63<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY TLT U.S. TREASURY 12% OPTION INCOME ETF** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.4)%** | **WRITTEN OPTIONS - (0.4)%** | **WRITTEN OPTIONS - (0.4)%** | **WRITTEN OPTIONS - (0.4)%** |
| **Call Options - (0.4)%**  | **Call Options - (0.4)%**  | **Call Options - (0.4)%**  | **Call Options - (0.4)%**  |
| iShares 20+ Year Treasury Bond ETF, Expiration: 04/02/2026; Exercise Price: $86.00<sup>(a)(b)</sup> | $(15352799) | &nbsp;&nbsp; (1771) | $(113344)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $70,840)** |  |  | $(113344) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

64<br>

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**AMPLIFY TOKENIZATION TECHNOLOGY ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 74.4%**<br>|  |  |
| **Communication Services - 2.8%**<br>|  |  |
| Alphabet, Inc. - Class A | 33 | $9490  |
| Baidu, Inc. - ADR<sup>(a)</sup> | 81 | 9025  |
|  |  | 18515  |
| **Financials - 62.7%<sup>(b)</sup>**<br>|  |  |
| American Express Co. | 33 | 9982  |
| Bank of America Corp. | 204 | 9945  |
| Bank of New York Mellon Corp. | 87 | 10321  |
| Blackrock, Inc. | 12 | 11540  |
| Block, Inc.<sup>(a)</sup> | 153 | 9208  |
| Bullish<sup>(a)</sup> | 267 | 9540  |
| Capital One Financial Corp. | 54 | 9851  |
| Citigroup, Inc. | 93 | 10547  |
| CMC Markets PLC<sup>(c)(d)</sup> | 195 | 883  |
| CME Group, Inc. | 33 | 9747  |
| Coinbase Global, Inc. - Class A<sup>(a)</sup> | 51 | 8905  |
| Deutsche Boerse AG | 36 | 10415  |
| Etoro Group Ltd. - Class A<sup>(a)</sup> | 318 | 9549  |
| Euronext NV<sup>(c)(d)</sup> | 63 | 10054  |
| Figure Technology Solutions, Inc. - Class A<sup>(a)</sup> | 261 | 8861  |
| Flow Traders Ltd.<sup>(a)</sup> | 78 | 2489  |
| Galaxy Digital, Inc. - Class A<sup>(a)</sup> | 462 | 8524  |
| Gemini Space Station, Inc. - Class A<sup>(a)</sup> | 1128 | 4986  |
| GMO Financial Holdings, Inc. | 400 | 2238  |
| Hamilton Lane, Inc. - Class A | 102 | 10139  |
| HSBC Holdings PLC - ADR | 117 | 9651  |
|  Industrial & Commercial Bank of China Ltd. - Class H | 14000 | 12250  |
| Intercontinental Exchange, Inc. | 63 | 9909  |
| Invesco Ltd. | 414 | 10056  |
| JPMorgan Chase & Co. | 36 | 10590  |
| KKR & Co., Inc. | 114 | 10545  |
| London Stock Exchange Group PLC | 90 | 10520  |
| Monex Group, Inc. | 1500 | 6317  |
| Nasdaq, Inc. | 117 | 9932  |
| Northern Trust Corp. | 72 | 10049  |
| NU Holdings Ltd. - Class A<sup>(a)</sup> | 687 | 9872  |
| OSL Group Ltd.<sup>(a)</sup> | 4500 | 8035  |
| Partners Group Holding AG | 9 | 9478  |
|  Ping An Insurance Group Co. of China Ltd. - Class H | 1500 | 11374  |
| Robinhood Markets, Inc. - Class A<sup>(a)</sup> | 129 | 8940  |
| Royal Bank of Canada | 60 | 9707  |
| Singapore Exchange Ltd. | 600 | 9078  |
| SoFi Technologies, Inc.<sup>(a)</sup> | 537 | 8528  |
| State Street Corp. | 81 | 10251  |
| Swissquote Group Holding SA | 18 | 8709  |
| Tel Aviv Stock Exchange Ltd. | 207 | 9086  |
| Toronto-Dominion Bank | 105 | 9798  |
| Tradeweb Markets, Inc. - Class A | 81 | 9530  |
| US Bancorp | 189 | 9830  |
| Wells Fargo & Co. | 129 | 10270  |
|  |  | 410029  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Health Care - 0.3%**<br>|  |  |
| Streamex Corp.<sup>(a)</sup> | 1623 | $1834  |
| **Information Technology - 8.6%**<br>|  |  |
| Akamai Technologies, Inc.<sup>(a)</sup> | 93 | 10681  |
| Circle Internet Group, Inc.<sup>(a)</sup> | 90 | 8587  |
| Cloudflare, Inc. - Class A<sup>(a)</sup> | 48 | 9904  |
| Datavault AI, Inc.<sup>(a)</sup> | 14040 | 8681  |
| International Business Machines Corp. | 39 | 9453  |
| Microsoft Corp. | 24 | 8884  |
|  |  | 56190  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $538,128)** |  | 486568  |
| **EXCHANGE TRADED FUNDS - 23.3%**<br>|  |  |
| Bitwise Solana Staking ETF<sup>(a)</sup> | 3423 | 37824  |
| Bitwise XRP ETF<sup>(a)</sup> | 1917 | 28812  |
| Grayscale Chainlink Trust ETF<sup>(a)</sup> | 4938 | 38368  |
| iShares Ethereum Trust ETF<sup>(a)</sup> | 2544 | 40272  |
| VanEck Avalanche ETF<sup>(a)</sup> | 381 | 7031  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $199,080)** |  | 152307  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 2.3%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 15182 | 15182  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $15,182)** |  | 15182  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.0%** <br>**(Cost $752,390)** |  | $654057  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.0%<sup>(f)</sup> |  | 309  |
| **TOTAL NET ASSETS - 100.0%** |  | $654366 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> 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 March 31, 2026, the value of these securities total $10,937 or 1.7% of the Fund's net assets.

The accompanying notes are an integral part of these financial statements.

65<br>

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**AMPLIFY TOKENIZATION TECHNOLOGY ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(d)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $10,937 or 1.7% of the Fund's net assets.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(f)</sup> Represents less than 0.05% of net assets. 

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY TRAVEL TECH ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.6%**<br>|  |  |
| **Communication Services - 4.1%**<br>|  |  |
| TripAdvisor, Inc.<sup>(a)</sup> | 93399 | $995633  |
| **Consumer Discretionary - 80.6%<sup>(b)</sup>**<br>|  |  |
| Airbnb, Inc. - Class A<sup>(a)</sup> | 8121 | 1025520  |
| Amadeus IT Group SA | 15777 | 884923  |
| Booking Holdings, Inc. | 239 | 1006266  |
| Corporate Travel Management Ltd.<sup>(a)(c)</sup> | 170767 | 888882  |
|  CVC Brasil Operadora e Agencia de Viagens SA<sup>(a)</sup> | 1547551 | 580856  |
| eDreams ODIGEO SA<sup>(a)</sup> | 269944 | 954866  |
| Expedia Group, Inc. | 4386 | 1012684  |
| Flight Centre Travel Group Ltd. | 115363 | 842268  |
| Global Business Travel Group I<sup>(a)</sup> | 169670 | 946759  |
| Hana Tour Service, Inc. | 32286 | 842115  |
| HBX Group International PLC<sup>(a)</sup> | 124684 | 922308  |
| Hostelworld Group PLC<sup>(d)(e)</sup> | 374537 | 498843  |
| Lastminute.com NV | 19426 | 273180  |
| MakeMyTrip Ltd.<sup>(a)</sup> | 18525 | 690797  |
| Navan, Inc. - Class A<sup>(a)(f)</sup> | 88751 | 1175063  |
| On the Beach Group PLC<sup>(d)(e)</sup> | 376524 | 780536  |
| Sabre Corp.<sup>(a)</sup> | 605367 | 877782  |
| Tongcheng Travel Holdings Ltd.<sup>(e)</sup> | 402113 | 923195  |
| Trainline PLC<sup>(a)(d)(e)</sup> | 384168 | 1149991  |
| TravelSky Technology Ltd. - Class H | 753270 | 929073  |
| Trip.com Group Ltd. - ADR | 18874 | 939736  |
| WEB Travel Group Ltd.<sup>(a)</sup> | 481463 | 860656  |
| Webjet Group Ltd. | 931087 | 337981  |
|  |  | 19344280  |
| **Industrials - 9.8%**<br>|  |  |
| Dida, Inc.<sup>(a)</sup> | 1790247 | 305978  |
| Lyft, Inc. - Class A<sup>(a)</sup> | 74408 | 989627  |
| Uber Technologies, Inc.<sup>(a)</sup> | 14625 | 1051976  |
|  |  | 2347581  |
| **Information Technology - 5.1%**<br>|  |  |
| accesso Technology Group PLC<sup>(a)</sup> | 103458 | 338348  |
| SiteMinder Ltd.<sup>(a)</sup> | 450122 | 881703  |
|  |  | 1220051  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $34,979,756)** |  | 23907545  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
|  **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.7%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(g)</sup> | 883225 | 883225  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** <br>**(Cost $883,225)** |  | 883225  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **MONEY MARKET FUNDS - 0.9%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(g)</sup> | 219442 | $219442  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $219,442)** |  | 219442  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 104.2%** <br>**(Cost $36,082,423)** |  | $25010212  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (4.2)% |  | (1015633)  |
| **TOTAL NET ASSETS - 100.0%** |  | $23994579 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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.

<sup>(c)</sup> 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 $888,882 or 3.7% of net assets as of March 31, 2026.

<sup>(d)</sup> 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 March 31, 2026, the value of these securities total $2,429,370 or 10.1% of the Fund's net assets.

<sup>(e)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $3,352,565 or 14.0% of the Fund's net assets.

<sup>(f)</sup> All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $954,604.

<sup>(g)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

67<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY VIDEO GAME LEADERS ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 96.6%**<br>|  |  |
| **Communication Services - 41.6%<sup>(a)</sup>**<br>|  |  |
| Bilibili, Inc. - Class Z<sup>(b)</sup> | 36160 | $787290  |
| Capcom Co. Ltd. | 42492 | 894231  |
| Electronic Arts, Inc. | 7735 | 1576934  |
| Konami Group Corp. | 7213 | 876632  |
| Meta Platforms, Inc. - Class A | 5145 | 2943609  |
| NetEase, Inc. - ADR | 7935 | 888244  |
| Nintendo Co. Ltd. | 27131 | 1496477  |
| ROBLOX Corp. - Class A<sup>(b)</sup> | 16387 | 926849  |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 4409 | 870778  |
| Tencent Holdings Ltd. | 52870 | 3263830  |
| VK IPJSC - GDR<sup>(b)(c)(d)</sup> | 21975 | 0  |
|  |  | 14524874  |
| **Consumer Discretionary - 14.2%**<br>|  |  |
| Aristocrat Leisure Ltd. | 28515 | 885290  |
| Bandai Namco Holdings, Inc. | 34670 | 842723  |
| Sea Ltd. - ADR<sup>(b)</sup> | 19731 | 1633924  |
| Sony Group Corp. | 77900 | 1571319  |
|  |  | 4933256  |
| **Information Technology - 40.8%<sup>(a)</sup>**<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 18663 | 3796614  |
| AppLovin Corp. - Class A<sup>(b)</sup> | 4025 | 1601950  |
| Asustek Computer, Inc. | 51000 | 875790  |
| Microsoft Corp. | 9183 | 3399271  |
| NVIDIA Corp. | 20151 | 3514334  |
| Unity Software, Inc.<sup>(b)</sup> | 47484 | 1041799  |
|  |  | 14229758  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $33,349,293)** |  | 33687888  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 2.6%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 915713 | 915713  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $915,713)** |  | 915713  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 99.2%** <br>**(Cost $34,265,006)** |  | $34603601  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 0.8% |  | 288415  |
| **TOTAL NET ASSETS - 100.0%** |  | $34892016 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

GDR - Global Depositary Receipt

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> 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 March 31, 2026.

<sup>(d)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $0 or 0.0% of the Fund's net assets.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

68<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY WEIGHT LOSS DRUG & TREATMENT ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 94.9%**<br>|  |  |
| **Health Care - 94.9%<sup>(a)</sup>**<br>|  |  |
| AbbVie, Inc. | 907 | $197263  |
| Amgen, Inc. | 740 | 260369  |
| Arrowhead Pharmaceuticals, Inc.<sup>(b)</sup> | 3100 | 194370  |
| AstraZeneca PLC | 980 | 193276  |
| Chugai Pharmaceutical Co. Ltd. | 4600 | 248982  |
| CSPC Pharmaceutical Group Ltd. | 180000 | 208923  |
| Eli Lilly & Co. | 522 | 480120  |
| Hanmi Pharm Co. Ltd. | 158 | 53126  |
| Innovent Biologics, Inc.<sup>(b)(c)(d)</sup> | 17000 | 184090  |
|  Jiangsu Hengrui Pharmaceuticals Co. Ltd. - Class H<sup>(b)</sup> | 6200 | 51006  |
| Merck & Co., Inc. | 1546 | 185968  |
| Novo Nordisk AS - ADR | 13431 | 493589  |
| Pfizer, Inc. | 6828 | 191730  |
| Regeneron Pharmaceuticals, Inc. | 364 | 281241  |
| Roche Holding AG | 473 | 185244  |
| Scholar Rock Holding Corp.<sup>(b)</sup> | 2005 | 98566  |
| Shionogi & Co. Ltd. | 8500 | 185345  |
| Structure Therapeutics, Inc. - ADR<sup>(b)</sup> | 1738 | 83772  |
| Viking Therapeutics, Inc.<sup>(b)</sup> | 2818 | 91698  |
| Zealand Pharma AS<sup>(b)</sup> | 1584 | 72051  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $4,181,743)** |  | 3940729  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 3.0%**<br>|  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)</sup> | 123113 | 123113  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $123,113)** |  | 123113  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 97.9%** <br>**(Cost $4,304,856)** |  | $4063842  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 2.1% |  | 87155  |
| **TOTAL NET ASSETS - 100.0%** |  | $4150997 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

<sup>(a)</sup> 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.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> 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 March 31, 2026, the value of these securities total $184,090 or 4.4% of the Fund's net assets.

<sup>(d)</sup> Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of March 31, 2026, the value of these securities total $184,090 or 4.4% of the Fund's net assets.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

69<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY XRP 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS - 20.0%** | **EXCHANGE TRADED FUNDS - 20.0%** | **EXCHANGE TRADED FUNDS - 20.0%** | **EXCHANGE TRADED FUNDS - 20.0%** |
| Canary XRP ETF<sup>(a)(b)</sup> |  | 123100 | $1760330  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $2,568,126)** |  |  | 1760330  |
|  | **Notional** <br>**Amount** | **Contracts** |  |
| **PURCHASED OPTIONS - 3.4%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 3.4%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 3.4%<sup>(a)</sup>**  | **PURCHASED OPTIONS - 3.4%<sup>(a)</sup>**  |
| **Call Options - 3.4%**<br>|  |  |  |
|  Canary XRP ETF, Expiration: 04/17/2026; Exercise Price: $14.35<sup>(b)(c)(d)</sup> | $7280130 | 5091 | 300369  |
| &nbsp;&nbsp;&nbsp; **TOTAL PURCHASED OPTIONS** <br>**(Cost $760,690)** |  |  | 300369  |
|  |  | **Shares** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 33.8%** | **MONEY MARKET FUNDS - 33.8%** |  |  |
|  Invesco Government & Agency Portfolio - Institutional Class, 3.58%<sup>(e)(f)</sup> |  | 2973182 | 2973182  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $2,973,182)** |  |  | 2973182  |
|  |  | **Par** |  |
| **U.S. TREASURY BILLS - 30.2%** | **U.S. TREASURY BILLS - 30.2%** |  |  |
| 3.49%, 04/09/2026<sup>(g)</sup> |  | $200000 | 199839  |
| 3.56%, 04/30/2026<sup>(g)</sup> |  | 300000 | 299125  |
| 3.56%, 05/05/2026<sup>(g)</sup> |  | 1009000 | 1005558  |
| 3.57%, 05/07/2026<sup>(g)</sup> |  | 500000 | 498177  |
| 3.57%, 05/21/2026<sup>(g)</sup> |  | 650000 | 646731  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY BILLS** <br>**(Cost $2,649,661)** |  |  | 2649430  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 87.4%**<br>**(Cost $8,951,659)** |  |  | $7683311  |
|  Other Assets in Excess of Liabilities - 12.6% |  |  | 1109848  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  |  | $8793159 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

<sup>(c)</sup> Exchange-traded.

<sup>(d)</sup> 100 shares per contract.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(f)</sup> 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.

<sup>(g)</sup> The rate shown is the annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

70<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY XRP 3% MONTHLY OPTION INCOME ETF** 

**CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (4.0)%**<br>|  |  |  |
| **Call Options - (0.5)%**  | **Call Options - (0.5)%**  | **Call Options - (0.5)%**  | **Call Options - (0.5)%**  |
| Canary XRP ETF, Expiration: 04/07/2026; Exercise Price: $15.42<sup>(a)(b)</sup> | $(4867720) | &nbsp;&nbsp; (3404) | $(47656)  |
| **Put Options - (3.5)%** | **Put Options - (3.5)%** | **Put Options - (3.5)%** | **Put Options - (3.5)%** |
| Canary XRP ETF, Expiration: 04/17/2026; Exercise Price: $14.35<sup>(a)(b)</sup> | (7280130) | &nbsp;&nbsp; (5091) | (305460)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $759,031)** |  |  | $(353116) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Exchange-traded.

<sup>(b)</sup> 100 shares per contract.

The accompanying notes are an integral part of these financial statements.

71<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**AI Powered** <br>**Equity ETF** | **Amplify** <br>**Alternative** <br>**Harvest ETF** | **Amplify** <br>**Bitcoin 2%** <br>**Monthly Option** <br>**Income ETF** <br>(Consolidated) | **Amplify** <br>**Bitcoin Max** <br>**Income Covered** <br>**Call ETF** | **Amplify** <br>**BlackSwan** <br>**Growth &** <br>**Treasury** <br>**Core ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, at <br>value | $109375247 | $89045928 | &nbsp;&nbsp; $7970733 | &nbsp;&nbsp; $6874171 | $351651699  |
| Investments in affiliated securities, at value |  | 56761970 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| Receivable for investments sold | 40080733 |  | &nbsp;&nbsp; 45164 | &nbsp;&nbsp; 61629 | —  |
| Cash | 1050698 |  | &nbsp;&nbsp; 4191000 | &nbsp;&nbsp; 5150000 | —  |
| Dividends receivable | 52159 | 1037 | &nbsp;&nbsp; 1108 | &nbsp;&nbsp; 4700 | 2149  |
| Security lending income receivable |  | 219662 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| Receivable for fund shares sold |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 619848  |
| Interest receivable |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 4259805  |
| Deposit at broker for option contracts |  |  | &nbsp;&nbsp; 337855 | &nbsp;&nbsp; 300338 | —  |
| Deposit at broker for other investments |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 2414  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 150558837 | 146028597 | &nbsp;&nbsp; 12545860 | &nbsp;&nbsp; 12390838 | 356535915  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value |  |  | &nbsp;&nbsp; 1184375 | &nbsp;&nbsp; 1529376 | —  |
| Payable for investments purchased | 40116657 |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 591820  |
| Payable for fund shares redeemed | 1050698 |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| Payable to Adviser | 72028 | 39737 | &nbsp;&nbsp; 6722 | &nbsp;&nbsp; 5653 | 151805  |
| Payable upon return of securities loaned |  | 30257337 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 41239383 | 30297074 | &nbsp;&nbsp; 1191097 | &nbsp;&nbsp; 1535029 | 743625  |
| **NET ASSETS** | $109319454 | $115731523 | &nbsp;&nbsp; $11354763 | &nbsp;&nbsp; $10855809 | $355792290  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| Capital stock ($0.01 per share) | $25250 | $49666 | &nbsp;&nbsp; $3800 | &nbsp;&nbsp; $3900 | $114800  |
| Additional paid-in capital | 129978486 | 2073725271 | &nbsp;&nbsp; 20929486 | &nbsp;&nbsp; 18938701 | 436417228  |
| Total accumulated losses | (20684282) | (1958043414) | &nbsp;&nbsp; (9578523) | &nbsp;&nbsp; (8086792) | (80739738)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $109319454 | $115731523 | &nbsp;&nbsp; $11354763 | &nbsp;&nbsp; $10855809 | $355792290  |
| Net assets | $109319454 | $115731523 | &nbsp;&nbsp; $11354763 | &nbsp;&nbsp; $10855809 | $355792290  |
| Shares issued and outstanding<sup>(a)</sup> | 2525000 | 4966614 | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 390000 | 11480000  |
| Net asset value per share | $43.29 | $23.30 | &nbsp;&nbsp; $29.88 | &nbsp;&nbsp; $27.84 | $30.99  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, <br>at cost | $108447867 | $108678404 | &nbsp;&nbsp; $9621311 | &nbsp;&nbsp; $7035321 | $358950816  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in affiliated securities, <br>at cost | $— | $54206919 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | $—  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | $— | &nbsp;&nbsp; $1298236 | &nbsp;&nbsp; $1649581 | $—  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $— | $30128313 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

72<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**BlackSwan** <br>**ISWN ETF** | **Amplify** <br>**Blockchain** <br>**Technology ETF** <br>(Consolidated) | **Amplify** <br>**Bloomberg** <br>**AI Value** <br>**Chain ETF** | **Amplify** <br>**BlueStar Israel** <br>**Technology** <br>**ETF** | **Amplify** <br>**Cash Flow** <br>**Dividend** <br>**Leaders ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| Investments, at value | $33436615 | $993123786 | $34089625 | $117637560 | $30358825  |
| Interest receivable | 391147 |  |  |  | —  |
| Dividends receivable | 98 | 787008 | 27559 | 99266 | 15259  |
| Dividend tax reclaims receivable |  | 217972 | 8536 |  | —  |
| Security lending income receivable |  | 78606 |  | 3458 | —  |
| Cash |  |  |  | 6290955 | 454  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 33827860 | 994207372 | 34125720 | 124031239 | 30374538  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Payable to Adviser | 14319 | 586249 | 17758 | 66170 | 4970  |
| Payable for fund shares redeemed |  |  |  | 5555210 | —  |
| Payable upon return of securities loaned |  | 68431144 |  | 11688918 | —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 14319 | 69017393 | 17758 | 17310298 | 4970  |
| **NET ASSETS** | $33813541 | $925189979 | $34107962 | $106720941 | $30369568  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| Capital stock ($0.01 per share) | $15750 | $186000 | $5000 | $18500 | $9200  |
| Additional paid-in capital | 42468799 | 1297290233 | 40234380 | 151797873 | 30673942  |
| Total accumulated losses | (8671008) | (372286254) | (6131418) | (45095432) | (313574)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $33813541 | $925189979 | $34107962 | $106720941 | $30369568  |
| Net assets | $33813541 | $925189979 | $34107962 | $106720941 | $30369568  |
| Shares issued and outstanding<sup>(a)</sup> | 1575000 | 18600000 | 500000 | 1850000 | 920000  |
| Net asset value per share | $21.47 | $49.74 | $68.22 | $57.69 | $33.01  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $32505773 | $1047699923 | $27981028 | $118682371 | $30412105  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $— | $71820442 | $— | $11729975 | $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

73<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**CEF High** <br>**Income ETF** | **Amplify** <br>**COWS Covered** <br>**Call ETF** | **Amplify** <br>**CWP Enhanced** <br>**Dividend** <br>**Income ETF** | **Amplify** <br>**CWP Growth &** <br>**Income ETF** | **Amplify** <br>**CWP** <br>**International** <br>**Enhanced** <br>**Dividend** <br>**Income ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, <br>at value | $666954271 | &nbsp;&nbsp; $14006476 | $6317124221 | $584624348 | $1111088613  |
| Investments in affiliated securities, at value |  | &nbsp;&nbsp; 605749 | 290909508 | 15791564 | 20621558  |
| Receivable for fund shares sold | 2199480 | &nbsp;&nbsp; — | 20165310 |  | —  |
| Cash | 1749444 | &nbsp;&nbsp; — | 281 |  | 2940  |
| Dividends receivable | 893894 | &nbsp;&nbsp; 6964 | 4726620 | 353268 | 2213757  |
| Security lending income receivable | 44815 | &nbsp;&nbsp; — | 827 |  | 64266  |
| Receivable for investments sold |  | &nbsp;&nbsp; — | 19854573 | 4898758 | 642228  |
| Dividend tax reclaims receivable |  | &nbsp;&nbsp; — | 465707 |  | 559077  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 671841904 | &nbsp;&nbsp; 14619189 | 6653247047 | 605667938 | 1135192439  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value |  | &nbsp;&nbsp; 93122 | 5385500 | 6509720 | 1077438  |
| Payable upon return of securities loaned | 6767612 | &nbsp;&nbsp; — |  |  | 103522789  |
| Payable for investments purchased | 2189594 | &nbsp;&nbsp; — | 19573742 | 14034840 | 3540923  |
| Payable to Adviser | 288097 | &nbsp;&nbsp; 7708 | 3008609 | 278477 | 563051  |
| Payable to custodian |  | &nbsp;&nbsp; — |  | 40 | —  |
| Payable for expenses and other liabilities |  | &nbsp;&nbsp; — |  |  | 2  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 9245303 | &nbsp;&nbsp; 100830 | 27967851 | 20823077 | 108704203  |
| **NET ASSETS** | $662596601 | &nbsp;&nbsp; $14518359 | $6625279196 | $584844861 | $1026488236  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| Capital stock ($0.01 per share) | $602500 | &nbsp;&nbsp; $6300 | $1478500 | $219750 | $254250  |
| Additional paid-in capital | 771122833 | &nbsp;&nbsp; 15344614 | 5719659964 | 620720282 | 920251052  |
|  Total distributable earnings/(accumulated losses) | (109128732) | &nbsp;&nbsp; (832555) | 904140732 | (36095171) | 105982934  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $662596601 | &nbsp;&nbsp; $14518359 | $6625279196 | $584844861 | $1026488236  |
| Net assets | $662596601 | &nbsp;&nbsp; $14518359 | $6625279196 | $584844861 | $1026488236  |
| Shares issued and outstanding<sup>(a)</sup> | 60250000 | &nbsp;&nbsp; 630000 | 147850000 | 21975000 | 25425000  |
| Net asset value per share | $11.00 | &nbsp;&nbsp; $23.05 | $44.81 | $26.61 | $40.37  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, <br>at cost | $689699617 | &nbsp;&nbsp; $14290494 | $5498133073 | $593004529 | $985115074  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in affiliated securities, <br>at cost | $— | &nbsp;&nbsp; $614502 | $291364940 | $15818663 | $20653527  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | &nbsp;&nbsp; $95935 | $5441113 | $4917822 | $1273646  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $6705113 | &nbsp;&nbsp; $— | $— | $— | $104173506 |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

74<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Cybersecurity** <br>**ETF** | **Amplify** <br>**Digital** <br>**Payments ETF** | **Amplify** <br>**Energy &** <br>**Natural** <br>**Resources** <br>**Covered** <br>**Call ETF** | **Amplify** <br>**Ethereum** <br>**3% Monthly** <br>**Option Income** <br>**ETF** <br>(Consolidated) | **Amplify** <br>**Ethereum** <br>**Max Income** <br>**Covered** <br>**Call ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| Investments, at value | $1887387867 | $164779502 | $28111922 | $2675221 | $3274263  |
| Receivable for investments sold | 6822300 |  |  | 15306 | 38177  |
| Foreign currency, at value | 1622138 | 11435 |  |  | —  |
| Dividend tax reclaims receivable | 109693 | 5531 | 12518 |  | —  |
| Dividends receivable | 43189 | 874 | 52771 | 1024 | 2874  |
| Security lending income receivable | 2819 | 11797 | 1627 |  | —  |
| Receivable for fund shares sold |  |  | 905711 |  | —  |
| Cash |  |  |  |  | 700000  |
| Deposit at broker for option contracts |  |  | 75233 |  | —  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 1895988006 | 164809139 | 29159782 | 2691551 | 4015314  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value |  |  | 189000 | 62917 | 129745  |
| Payable upon return of securities loaned | 13917111 | 2567478 | 1165979 |  | —  |
| Payable to Adviser | 983930 | 107620 | 11287 | 1715 | 2119  |
| Interest payable |  |  | 178 | 5 | 61  |
| Payable to custodian |  |  | 881806 |  | —  |
| Due to broker |  |  |  | 13346 | 304285  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 14901041 | 2675098 | 2248250 | 77983 | 436210  |
| **NET ASSETS** | $1881086965 | $162134041 | $26911532 | $2613568 | $3579104  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital stock ($0.01, 0.01 and 0.01 <br>per share) | $251000 | $38000 | $7500 | $— | $—  |
| Additional paid-in capital | 1957555059 | 547628064 | 22969583 |  | —  |
| Paid-in capital |  |  |  | 4341812 | 5537674  |
|  Total distributable earnings/(accumulated losses) | (76719094) | (385532023) | 3934449 | (1728244) | (1958570)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $1881086965 | $162134041 | $26911532 | $2613568 | $3579104  |
| Net assets | $1881086965 | $162134041 | $26911532 | $2613568 | $3579104  |
| Shares issued and outstanding<sup>(a)</sup> | 25100000 | 3800000 | 750000 | 240000 | 340000  |
| Net asset value per share | $74.94 | $42.67 | $35.88 | $10.89 | $10.53  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $1710710233 | $231218972 | $23107058 | $2907463 | $3124577  |
| &nbsp;&nbsp;&nbsp; Foreign currency, at cost | $1616296 | $11577 | $— | $— | $—  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | $— | $122577 | $195238 | $377584  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $14482492 | $1526329 | $1131382 | $— | $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

75<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Etho Climate** <br>**Leadership** <br>**U.S. ETF** | **Amplify** <br>**HACK** <br>**Cybersecurity** <br>**Covered Call** <br>**ETF** | **Amplify** <br>**Junior Silver** <br>**Miners ETF** | **Amplify** <br>**Lithium &** <br>**Battery** <br>**Technology** <br>**ETF** | **Amplify** <br>**Municipal** <br>**CEF High** <br>**Income ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| Investments, at value | $155892623 | $1862138 | $4226989333 | $109216193 | &nbsp;&nbsp; $386893  |
| Dividends receivable | 87020 | 105 | 623008 | 72325 | &nbsp;&nbsp; 1432  |
| Dividend tax reclaims receivable | 538 |  | 108475 | 23324 | &nbsp;&nbsp; —  |
| Security lending income receivable | 350 |  | 34598 | 6786 | &nbsp;&nbsp; —  |
| Restricted cash |  |  | 1 |  | &nbsp;&nbsp; —  |
| Receivable for investments sold |  |  | 4514 |  | &nbsp;&nbsp; —  |
| Cash |  | 204 | 6841987 | 250934 | &nbsp;&nbsp; —  |
| Foreign currency, at value |  |  | 150785 | 12937 | &nbsp;&nbsp; —  |
| Deposit at broker for option contracts |  | 3227 |  |  | &nbsp;&nbsp; —  |
| Receivable for transaction fee |  |  | 1206 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 155980531 | 1865674 | 4234753907 | 109582499 | &nbsp;&nbsp; 388325  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value |  | 23372 |  |  | &nbsp;&nbsp; —  |
| Payable upon return of securities loaned | 521930 |  | 197278981 | 1223625 | &nbsp;&nbsp; —  |
| Payable to Adviser | 60101 | 1054 | 2780308 | 55513 | &nbsp;&nbsp; 113  |
| Payable for fund shares redeemed |  |  | 6827875 |  | &nbsp;&nbsp; —  |
| Due to broker |  |  | 204 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 582031 | 24426 | 206887368 | 1279138 | &nbsp;&nbsp; 113  |
| **NET ASSETS** | $155398500 | $1841248 | $4027866539 | $108303361 | &nbsp;&nbsp; $388212  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital stock ($0.01, 0.01, 0.01 and 0.01 <br>per share) | $23500 | $— | $1359000 | $74000 | &nbsp;&nbsp; $200  |
| Additional paid-in capital | 164547506 |  | 2623911196 | 200041116 | &nbsp;&nbsp; 398600  |
| Paid-in capital |  | 1994585 |  |  | &nbsp;&nbsp; —  |
|  Total distributable earnings/(accumulated losses) | (9172506) | (153337) | 1402596343 | (91811755) | &nbsp;&nbsp; (10588)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $155398500 | $1841248 | $4027866539 | $108303361 | &nbsp;&nbsp; $388212  |
| Net assets | $155398500 | $1841248 | $4027866539 | $108303361 | &nbsp;&nbsp; $388212  |
| Shares issued and outstanding<sup>(a)</sup> | 2350000 | 80000 | 135900000 | 7400000 | &nbsp;&nbsp; 20000  |
| Net asset value per share | $66.13 | $23.02 | $29.64 | $14.64 | &nbsp;&nbsp; $19.41  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $133199931 | $1953700 | $2902890523 | $89642970 | &nbsp;&nbsp; $399713  |
| &nbsp;&nbsp;&nbsp; Foreign currency, at cost | $— | $— | $153179 | $12846 | &nbsp;&nbsp; $—  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | $47900 | $— | $— | &nbsp;&nbsp; $—  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $511600 | $— | $215173920 | $1256255 | &nbsp;&nbsp; $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

76<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Online** <br>**Retail ETF** | **Amplify** <br>**Samsung** <br>**SOFR ETF** | **Amplify** <br>**Samsung U.S.** <br>**Natural Gas** <br>**Infrastructure** <br>**ETF** | **Amplify** <br>**Seymour** <br>**Cannabis ETF** | **Amplify** <br>**SILJ Junior** <br>**Silver Miners** <br>**Covered Call** <br>**ETF**  |
| **ASSETS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, <br>at value | $112859685 | $14503 | $5756527 | $72934684 | $27620184  |
| &nbsp;&nbsp;&nbsp; Investments in repurchase agreements, <br>at value |  | 413318477 |  |  | —  |
| Investments in affiliated securities, at value |  |  |  |  | 8240873  |
| Dividends receivable | 55301 | 19 | 4524 | 117957 | 8248  |
| Security lending income receivable | 13163 |  | 124 | 1533 | 208  |
| Foreign currency, at value | 6817 |  |  |  | —  |
| Dividend tax reclaims receivable | 2242 |  | 546 |  | 1227  |
| Restricted cash |  |  |  | 2987235 | —  |
| Interest receivable |  | 115080 |  |  | —  |
| Deposit at broker for option contracts |  |  |  |  | 876042  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 112937208 | 413448079 | 5761721 | 76041409 | 36746782  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value |  |  |  |  | 1582853  |
| Payable upon return of securities loaned | 3817417 |  | 100558 | 118200 | —  |
| Payable to Adviser | 65577 | 68856 | 2841 | 30677 | 17522  |
| Payable for shareholder servicing fees |  |  |  | 3028 | —  |
| Payable to custodian |  |  |  |  | 31289  |
| Other affiliated expenses payable |  |  |  | 2337 | —  |
| Payable for swap contracts, net |  |  |  | 3325732 | —  |
| Payable for expenses and other liabilities |  |  |  | 64596 | —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 3882994 | 68856 | 103399 | 3544570 | 1631664  |
| **NET ASSETS** | $109054214 | $413379223 | $5658322 | $72496839 | $35115118  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| Capital stock ($0.01 per share) | $17500 | $41300 | $1700 | $32875 | $10500  |
| Additional paid-in capital | 538509431 | 413696778 | 4324711 | 183338500 | 34638596  |
|  Total distributable earnings/(accumulated losses) | (429472717) | (358855) | 1331911 | (110874536) | 466022  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $109054214 | $413379223 | $5658322 | $72496839 | $35115118  |
| Net assets | $109054214 | $413379223 | $5658322 | $72496839 | $35115118  |
| Shares issued and outstanding<sup>(a)</sup> | 1750000 | 4130000 | 170000 | 3287467 | 1050000  |
| Net asset value per share | $62.32 | $100.09 | $33.28 | $22.05 | $33.44  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities, at cost | $131537475 | $14503 | $4420164 | $77994854 | $25987975  |
| &nbsp;&nbsp;&nbsp; Investments in repurchase agreements, at cost | $— | $413318477 | $— | $— | $—  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities, at cost | $— | $— | $— | $— | $7438960  |
| &nbsp;&nbsp;&nbsp; Foreign currency, at cost | $6791 | $— | $— | $— | $—  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | $— | $— | $— | $2056834  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $2587077 | $— | $97954 | $96042 | $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

77<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Small-Mid Cap** <br>**Equity ETF** | **Amplify** <br>**Solana 3%** <br>**Monthly Option** <br>**Income ETF** <br>(Consolidated) | **Amplify** <br>**Stablecoin** <br>**Technology ETF** <br>(Consolidated) | **Amplify** <br>**TLT U.S.** <br>**Treasury** <br>**12% Option** <br>**Income ETF** | **Amplify** <br>**Tokenization** <br>**Technology ETF** <br>(Consolidated)  |
| **ASSETS:**<br>|  |  |  |  |  |
| Investments, at value | &nbsp;&nbsp; $1232736 | &nbsp;&nbsp; $1353178 | &nbsp;&nbsp;&nbsp; $1211071 | $29155299 | &nbsp;&nbsp;&nbsp; $654057  |
| Receivable for investments sold | &nbsp;&nbsp; 990 | &nbsp;&nbsp; 5575 | &nbsp;&nbsp;&nbsp; — | 645021 | &nbsp;&nbsp;&nbsp; —  |
| Dividends receivable | &nbsp;&nbsp; 820 | &nbsp;&nbsp; 1334 | &nbsp;&nbsp;&nbsp; 665 | 47 | &nbsp;&nbsp;&nbsp; 683  |
| Security lending income receivable | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5 |  | &nbsp;&nbsp;&nbsp; —  |
| Dividend tax reclaims receivable | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 19  |
| Interest receivable | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | 45742 | &nbsp;&nbsp;&nbsp; —  |
| Cash | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | 13514 | &nbsp;&nbsp;&nbsp; —  |
| Deposit at broker for option contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 3518 | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total assets** | &nbsp;&nbsp; 1234547 | &nbsp;&nbsp; 1363605 | &nbsp;&nbsp;&nbsp; 1211741 | 29859623 | &nbsp;&nbsp;&nbsp; 654759  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Written option, at value | &nbsp;&nbsp; — | &nbsp;&nbsp; 57428 | &nbsp;&nbsp;&nbsp; — | 113344 | &nbsp;&nbsp;&nbsp; —  |
| Payable upon return of securities loaned | &nbsp;&nbsp; 10181 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6112 |  | &nbsp;&nbsp;&nbsp; —  |
| Payable to Adviser | &nbsp;&nbsp; 524 | &nbsp;&nbsp; 780 | &nbsp;&nbsp;&nbsp; 750 | 7453 | &nbsp;&nbsp;&nbsp; 393  |
| Payable for investments purchased | &nbsp;&nbsp; — | &nbsp;&nbsp; 1592 | &nbsp;&nbsp;&nbsp; — | 2535 | &nbsp;&nbsp;&nbsp; —  |
| Payable for fund shares redeemed | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | 641790 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | &nbsp;&nbsp; 10705 | &nbsp;&nbsp; 59800 | &nbsp;&nbsp;&nbsp; 6862 | 765122 | &nbsp;&nbsp;&nbsp; 393  |
| **NET ASSETS** | &nbsp;&nbsp; $1223842 | &nbsp;&nbsp; $1303805 | &nbsp;&nbsp;&nbsp; $1204879 | $29094501 | &nbsp;&nbsp;&nbsp; $654366  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital stock ($0.01, 0.01 and 0.01 <br>per share) | &nbsp;&nbsp; $500 | &nbsp;&nbsp; $1200 | &nbsp;&nbsp;&nbsp; $— | $13600 | &nbsp;&nbsp;&nbsp; $—  |
| Additional paid-in capital | &nbsp;&nbsp; 1208081 | &nbsp;&nbsp; 2067558 | &nbsp;&nbsp;&nbsp; — | 31121148 | &nbsp;&nbsp;&nbsp; —  |
| Paid-in capital | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1375819 |  | &nbsp;&nbsp;&nbsp; 759948  |
|  Total distributable earnings/(accumulated losses) | &nbsp;&nbsp; 15261 | &nbsp;&nbsp; (764953) | &nbsp;&nbsp;&nbsp; (170940) | (2040247) | &nbsp;&nbsp;&nbsp; (105582)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | &nbsp;&nbsp; $1223842 | &nbsp;&nbsp; $1303805 | &nbsp;&nbsp;&nbsp; $1204879 | $29094501 | &nbsp;&nbsp;&nbsp; $654366  |
| Net assets | &nbsp;&nbsp; $1223842 | &nbsp;&nbsp; $1303805 | &nbsp;&nbsp;&nbsp; $1204879 | $29094501 | &nbsp;&nbsp;&nbsp; $654366  |
| Shares issued and outstanding<sup>(a)</sup> | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp; 60000 | 1360000 | &nbsp;&nbsp;&nbsp; 30000  |
| Net asset value per share | &nbsp;&nbsp; $24.48 | &nbsp;&nbsp; $10.87 | &nbsp;&nbsp;&nbsp; $20.08 | $21.39 | &nbsp;&nbsp;&nbsp; $21.81  |
| **Cost:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | &nbsp;&nbsp; $1259299 | &nbsp;&nbsp; $1524053 | &nbsp;&nbsp;&nbsp; $1299613 | $30086583 | &nbsp;&nbsp;&nbsp; $752390  |
| **PROCEEDS:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | &nbsp;&nbsp; $— | &nbsp;&nbsp; $99739 | &nbsp;&nbsp;&nbsp; $— | $70840 | &nbsp;&nbsp;&nbsp; $—  |
| **LOANED SECURITIES:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | &nbsp;&nbsp; $10703 | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6204 | $— | &nbsp;&nbsp;&nbsp; $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

78<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Assets and Liabilities** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Travel Tech** <br>**ETF** | **Amplify** <br>**Video Game** <br>**Leaders ETF** | **Amplify** <br>**Weight Loss** <br>**Drug &** <br>**Treatment** <br>**ETF** | **Amplify** <br>**XRP 3% Monthly** <br>**Option** <br>**Income ETF** <br>(Consolidated)  |
| **ASSETS:**<br>|  |  |  |  |
| Investments, at value | $25010212 | $34603601 | $4063842 | &nbsp;&nbsp;&nbsp; $7683311  |
| Dividends receivable | 33693 | 45575 | 15715 | &nbsp;&nbsp;&nbsp; 4350  |
| Dividend tax reclaims receivable | 4807 | 8316 | 4911 | &nbsp;&nbsp;&nbsp; —  |
| Foreign currency, at value | 769 | 7202 | 2660 | &nbsp;&nbsp;&nbsp; —  |
| Security lending income receivable | 165 |  | 10 | &nbsp;&nbsp;&nbsp; —  |
| Receivable for investments sold |  | 246430 | 65976 | &nbsp;&nbsp;&nbsp; 47382  |
| Receivable for fund shares sold |  |  |  | &nbsp;&nbsp;&nbsp; 139783  |
| Cash |  |  |  | &nbsp;&nbsp;&nbsp; 1400000  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 25049646 | 34911124 | 4153114 | &nbsp;&nbsp;&nbsp; 9274826  |
| **LIABILITIES:**<br>|  |  |  |  |
| Written option, at value |  |  |  | &nbsp;&nbsp;&nbsp; 353116  |
| Payable upon return of securities loaned | 883225 |  |  | &nbsp;&nbsp;&nbsp; —  |
| Payable for investments purchased | 156100 | 878 | 34 | &nbsp;&nbsp;&nbsp; 41430  |
| Payable to Adviser | 15742 | 18230 | 2083 | &nbsp;&nbsp;&nbsp; 4546  |
| Interest payable |  |  |  | &nbsp;&nbsp;&nbsp; 673  |
| Due to broker |  |  |  | &nbsp;&nbsp;&nbsp; 81902  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 1055067 | 19108 | 2117 | &nbsp;&nbsp;&nbsp; 481667  |
| **NET ASSETS** | $23994579 | $34892016 | $4150997 | &nbsp;&nbsp;&nbsp; $8793159  |
| **Net Assets Consists of:**<br>|  |  |  |  |
| Capital stock ($0.01 per share) | $15000 | $4700 | $1700 | &nbsp;&nbsp;&nbsp; $6300  |
| Additional paid-in capital | 182437513 | 80944907 | 4690732 | &nbsp;&nbsp;&nbsp; 12835001  |
| Total accumulated losses | (158457934) | (46057591) | (541435) | &nbsp;&nbsp;&nbsp; (4048142)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $23994579 | $34892016 | $4150997 | &nbsp;&nbsp;&nbsp; $8793159  |
| Net assets | $23994579 | $34892016 | $4150997 | &nbsp;&nbsp;&nbsp; $8793159  |
| Shares issued and outstanding<sup>(a)</sup> | 1500000 | 470000 | 170000 | &nbsp;&nbsp;&nbsp; 630000  |
| Net asset value per share | $16.00 | $74.24 | $24.42 | &nbsp;&nbsp;&nbsp; $13.96  |
| **Cost:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $36082423 | $34265006 | $4304856 | &nbsp;&nbsp;&nbsp; $8951659  |
| &nbsp;&nbsp;&nbsp; Foreign currency, at cost | $785 | $7176 | $2651 | &nbsp;&nbsp;&nbsp; $—  |
| **PROCEEDS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written options premium received | $— | $— | $— | &nbsp;&nbsp;&nbsp; $759031  |
| **LOANED SECURITIES:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; at value (included in investments) | $954604 | $— | $— | &nbsp;&nbsp;&nbsp; $— |

---

<sup>(a)</sup> Unlimited shares authorized without par value.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**AI Powered** <br>**Equity ETF** | **Amplify** <br>**Alternative** <br>**Harvest ETF** | **Amplify** <br>**Bitcoin 2%** <br>**Monthly Option** <br>**Income ETF** <br>(Consolidated) | **Amplify** <br>**Bitcoin Max** <br>**Income Covered** <br>**Call ETF** | **Amplify** <br>**BlackSwan** <br>**Growth &** <br>**Treasury** <br>**Core ETF**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income | $688666 | $6113 | &nbsp;&nbsp; $95768 | &nbsp;&nbsp; $90975 | $43462  |
| Less: dividend withholding taxes | 19384 |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| Interest income |  |  | &nbsp;&nbsp; 94803 | &nbsp;&nbsp; 96479 | 6321147  |
| Securities lending income | 6 | 757073 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 708056 | 763186 | &nbsp;&nbsp; 190571 | &nbsp;&nbsp; 187454 | 6364609  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 437316 | 558926 | &nbsp;&nbsp; 51087 | &nbsp;&nbsp; 38835 | 903277  |
| &nbsp;&nbsp;&nbsp; Total expenses | 437316 | 558926 | &nbsp;&nbsp; 51087 | &nbsp;&nbsp; 38835 | 903277  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser <br>(See Note 3) |  | (286204) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; Net expenses | 437316 | 272722 | &nbsp;&nbsp; 51087 | &nbsp;&nbsp; 38835 | 903277  |
| **NET INVESTMENT INCOME** | 270740 | 490464 | &nbsp;&nbsp; 139484 | &nbsp;&nbsp; 148619 | 5461332  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | 3257007 | (7586814) | &nbsp;&nbsp; (3003160) | &nbsp;&nbsp; (2731670) | 6111669  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  | 859249 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  |  | &nbsp;&nbsp; (3279207) | &nbsp;&nbsp; (3089051) | —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | 3257007 | (6727565) | &nbsp;&nbsp; (6282367) | &nbsp;&nbsp; (5820721) | 6111669  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | (7177149) | (38721604) | &nbsp;&nbsp; (2145490) | &nbsp;&nbsp; (583382) | (20639385)  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  | (22641387) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; Written options |  |  | &nbsp;&nbsp; 9344 | &nbsp;&nbsp; (264) | —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (7177149) | (61362991) | &nbsp;&nbsp; (2136146) | &nbsp;&nbsp; (583646) | (20639385)  |
| **Net realized and unrealized gain (loss)** | (3920142) | (68090556) | &nbsp;&nbsp; (8418513) | &nbsp;&nbsp; (6404367) | (14527716)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(3649402) | $(67600092) | &nbsp;&nbsp; $(8279029) | &nbsp;&nbsp; $(6255748) | $(9066384) |

---

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**BlackSwan** <br>**ISWN ETF** | **Amplify** <br>**Blockchain** <br>**Technology ETF** <br>(Consolidated) | **Amplify** <br>**Bloomberg** <br>**AI Value** <br>**Chain ETF** | **Amplify** <br>**BlueStar Israel** <br>**Technology** <br>**ETF** | **Amplify** <br>**Cash Flow** <br>**Dividend** <br>**Leaders ETF**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income | $2656 | $4506904 | $110904 | $268187 | $206069  |
| Less: dividend withholding taxes |  | (100580) | (7114) | (40382) | —  |
| Less: issuance fees |  | (147349) |  | (2833) | —  |
| Interest income | 584039 |  |  |  | —  |
| Securities lending income | 1088 | 441213 | 14 | 30766 | 378  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 587783 | 4700188 | 103804 | 255738 | 206447  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 83859 | 4182116 | 101980 | 380668 | 51493  |
| &nbsp;&nbsp;&nbsp; Total expenses | 83859 | 4182116 | 101980 | 380668 | 51493  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser <br>(See Note 3) |  |  |  |  | (41365)  |
| &nbsp;&nbsp;&nbsp; Net expenses | 83859 | 4182116 | 101980 | 380668 | 10128  |
| **NET INVESTMENT INCOME/(LOSS)** | 503924 | 518072 | 1824 | (124930) | 196319  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 1638882 | 102032039 | 3697746 | 6722418 | 1314013  |
| &nbsp;&nbsp;&nbsp; Securities sold short |  | (148) |  |  | —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | (103349) | (8763) | (17270) | —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | 1638882 | 101928542 | 3688983 | 6705148 | 1314013  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (1117748) | (435264526) | (1229721) | (7410392) | (701209)  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | (31) | (540) | (87) | —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (1117748) | (435264557) | (1230261) | (7410479) | (701209)  |
| **Net realized and unrealized gain (loss)** | 521134 | (333336015) | 2458722 | (705331) | 612804  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $1025058 | $(332817943) | $2460546 | $(830261) | $809123 |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**CEF High** <br>**Income ETF** | **Amplify** <br>**COWS Covered** <br>**Call ETF** | **Amplify** <br>**CWP Enhanced** <br>**Dividend** <br>**Income ETF** | **Amplify** <br>**CWP Growth &** <br>**Income ETF** | **Amplify** <br>**CWP** <br>**International** <br>**Enhanced** <br>**Dividend** <br>**Income ETF**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income from unaffiliated securities | $40627391 | &nbsp;&nbsp;&nbsp; $100740 | $61384077 | $1923563 | $8524840  |
| Less: dividend withholding taxes |  | &nbsp;&nbsp;&nbsp; — | (106353) |  | (657522)  |
| Dividend income from affiliated securities |  | &nbsp;&nbsp;&nbsp; 2816 | 4962660 | 255583 | 290330  |
| Less: issuance fees |  | &nbsp;&nbsp;&nbsp; — |  |  | (162345)  |
| Interest income | 1063 | &nbsp;&nbsp;&nbsp; — |  |  | —  |
| Securities lending income | 233594 | &nbsp;&nbsp;&nbsp; — | 30374 | 18 | 203581  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 40862048 | &nbsp;&nbsp;&nbsp; 103556 | 66270758 | 2179164 | 8198884  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 1659121 | &nbsp;&nbsp;&nbsp; 43100 | 16255021 | 1408865 | 2310294  |
| &nbsp;&nbsp;&nbsp; Total expenses | 1659121 | &nbsp;&nbsp;&nbsp; 43100 | 16255021 | 1408865 | 2310294  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser <br>(See Note 3) |  | &nbsp;&nbsp;&nbsp; (199) | (253807) | (12276) | (13952)  |
| &nbsp;&nbsp;&nbsp; Net expenses | 1659121 | &nbsp;&nbsp;&nbsp; 42901 | 16001214 | 1396589 | 2296342  |
| **NET INVESTMENT INCOME** | 39202927 | &nbsp;&nbsp;&nbsp; 60655 | 50269544 | 782575 | 5902542  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | 6371719 | &nbsp;&nbsp;&nbsp; 470122 | 261235954 | (15910330) | (6047595)  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  | &nbsp;&nbsp;&nbsp; 5320 | 2086 | 524 | 360  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  | &nbsp;&nbsp;&nbsp; 266335 | 24110443 | 22626814 | 5586452  |
| &nbsp;&nbsp;&nbsp; Other investments |  | &nbsp;&nbsp;&nbsp; — |  |  | 130024  |
| &nbsp;&nbsp;&nbsp; Distributions received from other investment companies | 361769 | &nbsp;&nbsp;&nbsp; — |  |  | —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | 6733488 | &nbsp;&nbsp;&nbsp; 741777 | 285348483 | 6717008 | (330759)  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | (51653567) | &nbsp;&nbsp;&nbsp; (620913) | (77148284) | (32100122) | 50559822  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  | &nbsp;&nbsp;&nbsp; (9311) | (192131) | (27099) | (29982)  |
| &nbsp;&nbsp;&nbsp; Written options |  | &nbsp;&nbsp;&nbsp; 21199 | 4784589 | (549521) | 88789  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (51653567) | &nbsp;&nbsp;&nbsp; (609025) | (72555826) | (32676742) | 50618629  |
| **Net realized and unrealized gain (loss)** | (44920079) | &nbsp;&nbsp;&nbsp; 132752 | 212792657 | (25959734) | 50287870  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(5717152) | &nbsp;&nbsp;&nbsp; $193407 | $263062201 | $(25177159) | $56190412 |

---

The accompanying notes are an integral part of these financial statements.

82<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Cybersecurity** <br>**ETF** | **Amplify** <br>**Digital** <br>**Payments ETF** | **Amplify** <br>**Energy &** <br>**Natural** <br>**Resources** <br>**Covered** <br>**Call ETF** | **Amplify** <br>**Ethereum** <br>**3% Monthly** <br>**Option Income** <br>**ETF** <br>(Consolidated)<sup>(a)</sup> | **Amplify** <br>**Ethereum** <br>**Max Income** <br>**Covered** <br>**Call ETF<sup>(a)</sup>**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income | $7324229 | $714144 | $373063 | &nbsp;&nbsp; $16747 | $26443  |
| Less: dividend withholding taxes | (198515) | (997) | (13419) | &nbsp;&nbsp; — | —  |
| Less: issuance fees |  |  | (830) | &nbsp;&nbsp; — | —  |
| Interest income | 17 |  |  | &nbsp;&nbsp; 19678 | 21426  |
| Securities lending income | 25145 | 45683 | 8324 | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 7150876 | 758830 | 367138 | &nbsp;&nbsp; 36425 | 47869  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 6334015 | 791401 | 46503 | &nbsp;&nbsp; 8273 | 9237  |
| Interest expense |  |  |  | &nbsp;&nbsp; 2477 | 1316  |
| &nbsp;&nbsp;&nbsp; Total expenses | 6334015 | 791401 | 46503 | &nbsp;&nbsp; 10750 | 10553  |
| **NET INVESTMENT INCOME/(LOSS)** | 816861 | (32571) | 320635 | &nbsp;&nbsp; 25675 | 37316  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| Investments | 123612958 | (10958847) | 17360 | &nbsp;&nbsp; (326051) | (337315)  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  |  | (613555) | &nbsp;&nbsp; (944703) | (1377093)  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (228995) | (15256) |  | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | 123383963 | (10974103) | (596195) | &nbsp;&nbsp; (1270754) | (1714408)  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (431373550) | (46340532) | 5916797 | &nbsp;&nbsp; (232242) | 149686  |
| &nbsp;&nbsp;&nbsp; Written options |  |  | (66423) | &nbsp;&nbsp; 132321 | 247839  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | 3636 | (910) |  | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (431369914) | (46341442) | 5850374 | &nbsp;&nbsp; (99921) | 397525  |
| **Net realized and unrealized gain (loss)** | (307985951) | (57315545) | 5254179 | &nbsp;&nbsp; (1370675) | (1316883)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(307169090) | $(57348116) | $5574814 | &nbsp;&nbsp; $(1345000) | $(1279567) |

---

<sup>(a)</sup> Inception date of the Fund was October 8, 2025.

The accompanying notes are an integral part of these financial statements.

83<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Etho Climate** <br>**Leadership** <br>**U.S. ETF** | **Amplify** <br>**HACK** <br>**Cybersecurity** <br>**Covered Call** <br>**ETF<sup>(a)</sup>** | **Amplify** <br>**Junior Silver** <br>**Miners ETF** | **Amplify** <br>**Lithium &** <br>**Battery** <br>**Technology** <br>**ETF** | **Amplify** <br>**Municipal** <br>**CEF High** <br>**Income ETF<sup>(b)</sup>**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income | $915939 | &nbsp;&nbsp; $1322 | $4082085 | $523228 | &nbsp;&nbsp;&nbsp; $2345  |
| Less: dividend withholding taxes |  | &nbsp;&nbsp; — | (428869) | (17907) | &nbsp;&nbsp;&nbsp; —  |
| Less: issuance fees |  | &nbsp;&nbsp; — |  | (3539) | &nbsp;&nbsp;&nbsp; —  |
| Securities lending income | 13270 | &nbsp;&nbsp; — | 177162 | 83791 | &nbsp;&nbsp;&nbsp; —  |
| Other income |  | &nbsp;&nbsp; — | (277) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 929209 | &nbsp;&nbsp; 1322 | 3830101 | 585573 | &nbsp;&nbsp;&nbsp; 2345  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 356968 | &nbsp;&nbsp; 2146 | 13723017 | 294842 | &nbsp;&nbsp;&nbsp; 113  |
| Interest expense |  | &nbsp;&nbsp; 188 |  |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Total expenses | 356968 | &nbsp;&nbsp; 2334 | 13723017 | 294842 | &nbsp;&nbsp;&nbsp; 113  |
| **NET INVESTMENT INCOME/(LOSS)** | 572241 | &nbsp;&nbsp; (1012) | (9892916) | 290731 | &nbsp;&nbsp;&nbsp; 2232  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 3123849 | &nbsp;&nbsp; (4645) | 701596268 | 4247747 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Taxes withheld |  | &nbsp;&nbsp; — | (1581) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  | &nbsp;&nbsp; (29939) |  |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | &nbsp;&nbsp; — | (338978) | (56875) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | 3123849 | &nbsp;&nbsp; (34584) | 701255709 | 4190872 | &nbsp;&nbsp;&nbsp; —  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 3632735 | &nbsp;&nbsp; (91562) | 129245821 | 8867691 | &nbsp;&nbsp;&nbsp; (12820)  |
| &nbsp;&nbsp;&nbsp; Written options |  | &nbsp;&nbsp; 24528 |  |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation |  | &nbsp;&nbsp; — | (4040) | (2017) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | 3632735 | &nbsp;&nbsp; (67034) | 129241781 | 8865674 | &nbsp;&nbsp;&nbsp; (12820)  |
| **Net realized and unrealized gain (loss)** | 6756584 | &nbsp;&nbsp; (101618) | 830497490 | 13056546 | &nbsp;&nbsp;&nbsp; (12820)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $7328825 | &nbsp;&nbsp; $(102630) | $820604574 | $13347277 | &nbsp;&nbsp;&nbsp; $(10588) |

---

<sup>(a)</sup> Inception date of the Fund was January 20, 2026.

<sup>(b)</sup> Inception date of the Fund was March 9, 2026.

The accompanying notes are an integral part of these financial statements.

84<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Online** <br>**Retail ETF** | **Amplify** <br>**Samsung** <br>**SOFR ETF** | **Amplify** <br>**Samsung U.S.** <br>**Natural Gas** <br>**Infrastructure** <br>**ETF** | **Amplify** <br>**Seymour** <br>**Cannabis ETF** | **Amplify** <br>**SILJ Junior** <br>**Silver Miners** <br>**Covered Call** <br>**ETF**  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income from unaffiliated securities | $433504 | $576 | &nbsp;&nbsp;&nbsp; $51082 | $323423 | $47686  |
| Less: issuance fees | (1463) |  | &nbsp;&nbsp;&nbsp; — |  | —  |
| Less: dividend withholding taxes | (8243) |  | &nbsp;&nbsp;&nbsp; (2177) |  | (3021)  |
| Dividend income from affiliated securities |  |  | &nbsp;&nbsp;&nbsp; — |  | 96069  |
| Interest income |  | 7093473 | &nbsp;&nbsp;&nbsp; — | 1540547 | 30893  |
| Securities lending income | 73705 |  | &nbsp;&nbsp;&nbsp; 728 | 10489 | 1978  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 497503 | 7094049 | &nbsp;&nbsp;&nbsp; 49633 | 1874459 | 173605  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | 457061 | 362179 | &nbsp;&nbsp;&nbsp; 13978 | 307029 | 84761  |
| Shareholder service costs |  |  | &nbsp;&nbsp;&nbsp; — | 6522 | —  |
| Fund administration and accounting fees |  |  | &nbsp;&nbsp;&nbsp; — | 23988 | —  |
| Transfer agent fees |  |  | &nbsp;&nbsp;&nbsp; — | 6405 | —  |
| Compliance fees |  |  | &nbsp;&nbsp;&nbsp; — | 7432 | —  |
| Custodian fees |  |  | &nbsp;&nbsp;&nbsp; — | 3469 | —  |
| Legal fees |  |  | &nbsp;&nbsp;&nbsp; — | 11961 | —  |
| Audit fees |  |  | &nbsp;&nbsp;&nbsp; — | 8918 | —  |
| Reports to shareholders |  |  | &nbsp;&nbsp;&nbsp; — | 13253 | —  |
| Interest expense |  |  | &nbsp;&nbsp;&nbsp; — |  | 4091  |
| Trustees' fees |  |  | &nbsp;&nbsp;&nbsp; — | 8153 | —  |
| Federal and state registration fees |  |  | &nbsp;&nbsp;&nbsp; — | 1925 | —  |
| Affiliated expenses |  |  | &nbsp;&nbsp;&nbsp; — | 7462 | —  |
| Other expenses and fees |  |  | &nbsp;&nbsp;&nbsp; — | 10272 | —  |
| &nbsp;&nbsp;&nbsp; Total expenses | 457061 | 362179 | &nbsp;&nbsp;&nbsp; 13978 | 416789 | 88852  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expense reimbursement by Adviser <br>(See Note 3) |  |  | &nbsp;&nbsp;&nbsp; — | (62525) | (18624)  |
| &nbsp;&nbsp;&nbsp; Net expenses | 457061 | 362179 | &nbsp;&nbsp;&nbsp; 13978 | 354264 | 70228  |
| **NET INVESTMENT INCOME** | 40442 | 6731870 | &nbsp;&nbsp;&nbsp; 35655 | 1520195 | 103377  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | (5204197) |  | &nbsp;&nbsp;&nbsp; (3594) | 648524 | 514297  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  |  | &nbsp;&nbsp;&nbsp; — |  | (315815)  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  |  | &nbsp;&nbsp;&nbsp; — |  | 195129  |
| &nbsp;&nbsp;&nbsp; Swap contracts |  |  | &nbsp;&nbsp;&nbsp; — | (10565872) | —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (8585) |  | &nbsp;&nbsp;&nbsp; — | (1511) | —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | (5212782) |  | &nbsp;&nbsp;&nbsp; (3594) | (9918859) | 393611  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in unaffiliated securities | (22334762) |  | &nbsp;&nbsp;&nbsp; 941836 | (5781022) | 1025798  |
| &nbsp;&nbsp;&nbsp; Investments in affiliated securities |  |  | &nbsp;&nbsp;&nbsp; — |  | 571274  |
| &nbsp;&nbsp;&nbsp; Written options |  |  | &nbsp;&nbsp;&nbsp; — |  | 648846  |
| &nbsp;&nbsp;&nbsp; Swap contracts |  |  | &nbsp;&nbsp;&nbsp; — | (12563891) | —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (172) |  | &nbsp;&nbsp;&nbsp; — | (78) | —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (22334934) |  | &nbsp;&nbsp;&nbsp; 941836 | (18344991) | 2245918  |
| **Net realized and unrealized gain (loss)** | (27547716) | 0 | &nbsp;&nbsp;&nbsp; 938242 | (28263850) | 2639529  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(27507274) | $6731870 | &nbsp;&nbsp;&nbsp; $973897 | $(26743655) | $2742906 |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Small-Mid Cap** <br>**Equity ETF** | **Amplify** <br>**Solana 3%** <br>**Monthly Option** <br>**Income ETF** <br>(Consolidated)<sup>(a)</sup> | **Amplify** <br>**Stablecoin** <br>**Technology ETF** <br>(Consolidated)<sup>(b)</sup> | **Amplify** <br>**TLT U.S.** <br>**Treasury** <br>**12% Option** <br>**Income ETF** | **Amplify** <br>**Tokenization** <br>**Technology ETF** <br>(Consolidated)<sup>(b)</sup>  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |  |
| Dividend income | &nbsp;&nbsp;&nbsp; $6467 | &nbsp;&nbsp;&nbsp; $5488 | &nbsp;&nbsp;&nbsp; $1795 | $345676 | &nbsp;&nbsp;&nbsp; $2331  |
| Less: dividend withholding taxes | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;(180) |  | &nbsp;&nbsp;&nbsp;&nbsp;(98)  |
| Less: issuance fees | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;(15) |  | &nbsp;&nbsp;&nbsp; —  |
| Interest income | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp; — | 170991 | &nbsp;&nbsp;&nbsp; —  |
| Securities lending income | &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5 |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | &nbsp;&nbsp;&nbsp; 6471 | &nbsp;&nbsp;&nbsp; 12488 | &nbsp;&nbsp;&nbsp; 1605 | 516667 | &nbsp;&nbsp;&nbsp; 2233  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee (See Note 3) | &nbsp;&nbsp;&nbsp; 3487 | &nbsp;&nbsp;&nbsp; 2566 | &nbsp;&nbsp;&nbsp; 1574 | 35751 | &nbsp;&nbsp;&nbsp; 1280  |
| Interest expense | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3444 | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Total expenses | &nbsp;&nbsp;&nbsp; 3487 | &nbsp;&nbsp;&nbsp; 6010 | &nbsp;&nbsp;&nbsp; 1574 | 35751 | &nbsp;&nbsp;&nbsp; 1280  |
| **NET INVESTMENT INCOME** | &nbsp;&nbsp;&nbsp; 2984 | &nbsp;&nbsp;&nbsp; 6478 | &nbsp;&nbsp;&nbsp; 31 | 480916 | &nbsp;&nbsp;&nbsp; 953  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**  | **REALIZED AND UNREALIZED GAIN (LOSS)**  |  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp;&nbsp; 68191 | &nbsp;&nbsp;&nbsp; (227289) | &nbsp;&nbsp;&nbsp; (82428) | (60743) | &nbsp;&nbsp;&nbsp; (8156)  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (286074) | &nbsp;&nbsp;&nbsp; — | 413343 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15 |  | &nbsp;&nbsp;&nbsp; (46)  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | &nbsp;&nbsp;&nbsp; 68191 | &nbsp;&nbsp;&nbsp; (513363) | &nbsp;&nbsp;&nbsp; (82413) | 352600 | &nbsp;&nbsp;&nbsp; (8202)  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp;&nbsp; (61923) | &nbsp;&nbsp;&nbsp; (170875) | &nbsp;&nbsp;&nbsp; (88542) | (957726) | &nbsp;&nbsp;&nbsp; (98333)  |
| &nbsp;&nbsp;&nbsp; Written options | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42311 | &nbsp;&nbsp;&nbsp; — | (26935) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (16) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | &nbsp;&nbsp;&nbsp; (61923) | &nbsp;&nbsp;&nbsp; (128564) | &nbsp;&nbsp;&nbsp; (88558) | (984661) | &nbsp;&nbsp;&nbsp; (98333)  |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp; 6268 | &nbsp;&nbsp;&nbsp; (641927) | &nbsp;&nbsp;&nbsp; (170971) | (632061) | &nbsp;&nbsp;&nbsp; (106535)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | &nbsp;&nbsp;&nbsp; $9252 | &nbsp;&nbsp;&nbsp; $(635449) | &nbsp;&nbsp;&nbsp; $(170940) | $(151145) | &nbsp;&nbsp;&nbsp; $(105582) |

---

<sup>(a)</sup> Inception date of the Fund was November 3, 2025.

<sup>(b)</sup> Inception date of the Fund was December 22, 2025.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**Statements of Operations** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify** <br>**Travel Tech** <br>**ETF** | **Amplify** <br>**Video Game** <br>**Leaders ETF** | **Amplify** <br>**Weight Loss** <br>**Drug &** <br>**Treatment** <br>**ETF** | **Amplify** <br>**XRP 3% Monthly** <br>**Option** <br>**Income ETF** <br>(Consolidated)<sup>(a)</sup>  |
| **INVESTMENT INCOME:**<br>|  |  |  |  |
| Dividend income | $96562 | $112476 | &nbsp;&nbsp; $49854 | &nbsp;&nbsp;&nbsp; $32615  |
| Less: dividend withholding taxes | (8802) | 1778 | &nbsp;&nbsp; (4278) | &nbsp;&nbsp;&nbsp; —  |
| Less: issuance fees |  | (288) | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| Interest income |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 29603  |
| Securities lending income | 486 |  | &nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 88246 | 113966 | &nbsp;&nbsp; 45711 | &nbsp;&nbsp;&nbsp; 62218  |
| **EXPENSES:**<br>|  |  |  |  |
| Investment advisory fee (See Note 3) | 121382 | 127652 | &nbsp;&nbsp; 9960 | &nbsp;&nbsp;&nbsp; 16525  |
| &nbsp;&nbsp;&nbsp; Total expenses | 121382 | 127652 | &nbsp;&nbsp; 9960 | &nbsp;&nbsp;&nbsp; 16525  |
| **NET INVESTMENT INCOME/(LOSS)** | (33136) | (13686) | &nbsp;&nbsp; 35751 | &nbsp;&nbsp;&nbsp; 45693  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** <br>|  |  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (2965621) | 2627784 | &nbsp;&nbsp;&nbsp;&nbsp;(209) | &nbsp;&nbsp;&nbsp; (1133904)  |
| &nbsp;&nbsp;&nbsp; Written options expired or closed |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1246545)  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (11112) | 2002 | &nbsp;&nbsp; (186) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net realized gain (loss)** | (2976733) | 2629786 | &nbsp;&nbsp; (395) | &nbsp;&nbsp;&nbsp; (2380449)  |
| Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | (7152064) | (13324092) | &nbsp;&nbsp; 56969 | &nbsp;&nbsp;&nbsp; (1268348)  |
| &nbsp;&nbsp;&nbsp; Written options |  |  | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 405915  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (1642) | (1540) | &nbsp;&nbsp; (150) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net change in unrealized appreciation (depreciation)** | (7153706) | (13325632) | &nbsp;&nbsp; 56819 | &nbsp;&nbsp;&nbsp; (862433)  |
| **Net realized and unrealized gain (loss)** | (10130439) | (10695846) | &nbsp;&nbsp; 56424 | &nbsp;&nbsp;&nbsp; (3242882)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(10163575) | $(10709532) | &nbsp;&nbsp; $92175 | &nbsp;&nbsp;&nbsp; $(3197189) |

---

<sup>(a)</sup> Inception date of the Fund was November 17, 2025.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify AI Powered Equity ETF** | **Amplify AI Powered Equity ETF** | **Amplify Alternative Harvest ETF**  | **Amplify Alternative Harvest ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $270740 | $505217 | $490464 | $1338474  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 3257007 | 10867442 | (6727565) | (95611154)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (7177149) | 8496710 | (61362991) | 75455057  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (3649402) | 19869369 | (67600092) | (18817623)  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (505217) | (34780) | (2995489) | (1672373)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (505217) | (34780) | (2995489) | (1672373)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 1137395 | 876608 |  | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (4424163) | (9990687) | (14482440) | (7961897)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (3286768) | (9114079) | (14482440) | (7961897)  |
| **Net increase (decrease) in net assets** | (7441387) | 10720510 | (85078021) | (28451893)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 116760841 | 106040331 | 200809544 | 229261437  |
| &nbsp;&nbsp;&nbsp; End of the period | $109319454 | $116760841 | $115731523 | $200809544  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 25000 | 25000 |  | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (100000) | (250000) | (450000) | (350053)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (75000) | (225000) | (450000) | (350053) |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Bitcoin 2% Monthly Option** <br>**Income ETF (Consolidated)** | **Amplify Bitcoin 2% Monthly Option** <br>**Income ETF (Consolidated)** | **Amplify Bitcoin Max** <br>**Income Covered Call ETF**  | **Amplify Bitcoin Max** <br>**Income Covered Call ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp; $139484 | &nbsp;&nbsp; $94631 | $148619 | $101987  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp; (6282367) | &nbsp;&nbsp; 8648 | (5820721) | (136841)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp; (2136146) | &nbsp;&nbsp; 599429 | (583646) | 542701  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp; (8279029) | &nbsp;&nbsp; 702708 | (6255748) | 507847  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp; (1898923) | &nbsp;&nbsp; (104927) | (2232579) | (106312)  |
| &nbsp;&nbsp;&nbsp; From return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (973433) |  | (1050786)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp; (1898923) | &nbsp;&nbsp; (1078360) | (2232579) | (1157098)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; 2645566 | &nbsp;&nbsp; 20989687 | 4465188 | 20362284  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; (1726886) | &nbsp;&nbsp; — | (1395621) | (3438464)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp; 918680 | &nbsp;&nbsp; 20989687 | 3069567 | 16923820  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp; (9259272) | &nbsp;&nbsp; 20614035 | (5418760) | 16274569  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp; 20614035 | &nbsp;&nbsp; — | 16274569 | —  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp; $11354763 | &nbsp;&nbsp; $20614035 | $10855809 | $16274569  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp; 370000 | 120000 | 360000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; (50000) | &nbsp;&nbsp; — | (30000) | (60000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp; 370000 | 90000 | 300000 |

---

<sup>(a)</sup> Inception date of the Fund was April 28, 2025.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify BlackSwan Growth &** <br>**Treasury Core ETF** | **Amplify BlackSwan Growth &** <br>**Treasury Core ETF** | **Amplify BlackSwan ISWN ETF**  | **Amplify BlackSwan ISWN ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $5461332 | $7734858 | &nbsp;&nbsp; $503924 | $1003354  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 6111669 | 22642892 | &nbsp;&nbsp; 1638882 | 778065  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (20639385) | (9413392) | &nbsp;&nbsp; (1117748) | (357920)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (9066384) | 20964358 | &nbsp;&nbsp; 1025058 | 1423499  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (5461100) | (7734956) | &nbsp;&nbsp; (503904) | (1003363)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (5461100) | (7734956) | &nbsp;&nbsp; (503904) | (1003363)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 110841982 | 6615320 | &nbsp;&nbsp; 549605 | 1500645  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (7132425) | (44150576) | &nbsp;&nbsp; (562547) | (6601873)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 103709557 | (37535256) | &nbsp;&nbsp; (12942) | (5101228)  |
| **Net increase (decrease) in net assets** | 89182073 | (24305854) | &nbsp;&nbsp; 508212 | (4681092)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 266610217 | 290916071 | &nbsp;&nbsp; 33305329 | 37986421  |
| &nbsp;&nbsp;&nbsp; End of the period | $355792290 | $266610217 | &nbsp;&nbsp; $33813541 | $33305329  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 3420000 | 220000 | &nbsp;&nbsp; 25000 | 75000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (220000) | (1500000) | &nbsp;&nbsp; (25000) | (350000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 3200000 | (1280000) | &nbsp;&nbsp; — | (275000) |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Blockchain Technology** <br>**ETF (Consolidated)** | **Amplify Blockchain Technology** <br>**ETF (Consolidated)** | **Amplify Bloomberg AI Value** <br>**Chain ETF**  | **Amplify Bloomberg AI Value** <br>**Chain ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $518072 | $7677963 | $1824 | $75275  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 101928542 | 157243307 | 3688983 | 2196576  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (435264557) | 432608662 | (1230261) | 5557045  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (332817943) | 597529932 | 2460546 | 7828896  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (7906687) | (49345165) | (58006) | (46500)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (7906687) | (49345165) | (58006) | (46500)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 108883595 | 407175800 | 3531120 | 4884020  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (285271465) | (198461775) | (3564725) | (7412160)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 3370 | 3040 | 807 | 3241  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (176384500) | 208717065 | (32798) | (2524899)  |
| **Net increase (decrease) in net assets** | (517109130) | 756901832 | 2369742 | 5257497  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 1442299109 | 685397277 | 31738220 | 26480723  |
| &nbsp;&nbsp;&nbsp; End of the period | $925189979 | $1442299109 | $34107962 | $31738220  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 1750000 | 7400000 | 50000 | 100000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (4650000) | (4150000) | (50000) | (150000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (2900000) | 3250000 |  | (50000) |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify BlueStar Israel** <br>**Technology ETF** | **Amplify BlueStar Israel** <br>**Technology ETF** | **Amplify Cash Flow Dividend** <br>**Leaders ETF**  | **Amplify Cash Flow Dividend** <br>**Leaders ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(124930) | $(230937) | $196319 | $507367  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 6705148 | (960675) | 1314013 | 1344819  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (7410479) | 19700341 | (701209) | 256030  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (830261) | 18508729 | 809123 | 2108216  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (860716) | (10561) | (196309) | (507389)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (860716) | (10561) | (196309) | (507389)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 14290370 | 18472625 | 15138775 | 24982385  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (8616625) | (22891130) | (8357173) | (21720173)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) |  | 6 |  | —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 5673745 | (4418499) | 6781602 | 3262212  |
| **Net increase (decrease) in net assets** | 3982768 | 14079669 | 7394416 | 4863039  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 102738173 | 88658504 | 22975152 | 18112113  |
| &nbsp;&nbsp;&nbsp; End of the period | $106720941 | $102738173 | $30369568 | $22975152  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 250000 | 350000 | 450000 | 830000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (150000) | (450000) | (250000) | (720000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 100000 | (100000) | 200000 | 110000 |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify CEF High Income ETF** | **Amplify CEF High Income ETF** | **Amplify COWS Covered Call ETF**  | **Amplify COWS Covered Call ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $39202927 | $27923837 | &nbsp;&nbsp; $60655 | &nbsp;&nbsp; $149392  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 6733488 | 7091684 | &nbsp;&nbsp; 741777 | &nbsp;&nbsp; (10978)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (51653567) | 10763628 | &nbsp;&nbsp; (609025) | &nbsp;&nbsp; 83940  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (5717152) | 45779149 | &nbsp;&nbsp; 193407 | &nbsp;&nbsp; 222354  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (41826000) | (31706887) | &nbsp;&nbsp; (805136) | &nbsp;&nbsp; (12952)  |
| &nbsp;&nbsp;&nbsp; From return of capital |  | (37293113) | &nbsp;&nbsp; — | &nbsp;&nbsp; (1009374)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (41826000) | (69000000) | &nbsp;&nbsp; (805136) | &nbsp;&nbsp; (1022326)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 144393555 | 141274915 | &nbsp;&nbsp; 3606744 | &nbsp;&nbsp; 16522614  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (53344245) | (27958740) | &nbsp;&nbsp; (1445604) | &nbsp;&nbsp; (4305549)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 1650 | 840 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 91050960 | 113317015 | &nbsp;&nbsp; 2161140 | &nbsp;&nbsp; 12217065  |
| **Net increase (decrease) in net assets** | 43507808 | 90096164 | &nbsp;&nbsp; 1549411 | &nbsp;&nbsp; 11417093  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 619088793 | 528992629 | &nbsp;&nbsp; 12968948 | &nbsp;&nbsp; 1551855  |
| &nbsp;&nbsp;&nbsp; End of the period | $662596601 | $619088793 | &nbsp;&nbsp; $14518359 | &nbsp;&nbsp; $12968948  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 12400000 | 12000000 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 660000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (4650000) | (2500000) | &nbsp;&nbsp; (60000) | &nbsp;&nbsp; (180000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 7750000 | 9500000 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 480000 |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify CWP Enhanced Dividend** <br>**Income ETF** | **Amplify CWP Enhanced Dividend** <br>**Income ETF** | **Amplify CWP Growth &** <br>**Income ETF**  | **Amplify CWP Growth &** <br>**Income ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $50269544 | $74273538 | $782575 | $241286  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 285348483 | 185936648 | 6717008 | (1378269)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (72555826) | 323513460 | (32676742) | 22412720  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 263062201 | 583723646 | (25177159) | 21275737  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (249494399) | (205735955) | (28548675) | (241397)  |
| &nbsp;&nbsp;&nbsp; From return of capital |  |  |  | (8809436)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (249494399) | (205735955) | (28548675) | (9050833)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 1472453310 | 1394742020 | 332072648 | 317875217  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (106907760) | (139549545) | (16727045) | (17029980)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 1 |  |  | —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 1365545551 | 1255192475 | 315345603 | 300845237  |
| **Net increase (decrease) in net assets** | 1379113353 | 1633180166 | 261619769 | 313070141  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 5246165843 | 3612985677 | 323225092 | 10154951  |
| &nbsp;&nbsp;&nbsp; End of the period | $6625279196 | $5246165843 | $584844861 | $323225092  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 32400000 | 33350000 | 11400000 | 11350000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (2350000) | (3350000) | (575000) | (600000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 30050000 | 30000000 | 10825000 | 10750000 |

---

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify CWP International Enhanced** <br>**Dividend Income ETF** | **Amplify CWP International Enhanced** <br>**Dividend Income ETF** | **Amplify Cybersecurity ETF**  | **Amplify Cybersecurity ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp; $5902542 | &nbsp;&nbsp; $4318389 | $816861 | $1736106  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp; (330759) | &nbsp;&nbsp; 5813612 | 123383963 | 104984918  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 50618629 | &nbsp;&nbsp; 61267252 | (431369914) | 363450681  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp; 56190412 | &nbsp;&nbsp; 71399253 | (307169090) | 470171705  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp; (23334680) | &nbsp;&nbsp; (7636170) | (1562017) | (1382715)  |
| &nbsp;&nbsp;&nbsp; From return of capital | &nbsp;&nbsp; — | &nbsp;&nbsp; (7089912) |  | —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp; (23334680) | &nbsp;&nbsp; (14726082) | (1562017) | (1382715)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 556417315 | &nbsp;&nbsp; 255762900 | 222994470 | 398029170  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp; (7775997) | &nbsp;&nbsp; (6580100) | (355731815) | (290669875)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |  | 394  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp; 548641318 | &nbsp;&nbsp; 249182800 | (132737345) | 107359689  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp; 581497050 | &nbsp;&nbsp; 305855971 | (441468452) | 576148679  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp; 444991186 | &nbsp;&nbsp; 139135215 | 2322555417 | 1746406738  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp; $1026488236 | &nbsp;&nbsp; $444991186 | $1881086965 | $2322555417  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 13675000 | &nbsp;&nbsp; 7625000 | 2750000 | 4950000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp; (200000) | &nbsp;&nbsp; (200000) | (4400000) | (3750000)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares** <br>**outstanding** | &nbsp;&nbsp; 13475000 | &nbsp;&nbsp; 7425000 | (1650000) | 1200000 |

---

The accompanying notes are an integral part of these financial statements.

95<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Digital Payments ETF** | **Amplify Digital Payments ETF** | **Amplify Energy & Natural Resources** <br>**Covered Call ETF**  | **Amplify Energy & Natural Resources** <br>**Covered Call ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(32571) | $(364619) | &nbsp;&nbsp;&nbsp; $320635 | &nbsp;&nbsp; $557297  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | (10974103) | 10034652 | &nbsp;&nbsp;&nbsp; (596195) | &nbsp;&nbsp; 1390449  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (46341442) | 20653098 | &nbsp;&nbsp;&nbsp; 5850374 | &nbsp;&nbsp; (1349550)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (57348116) | 30323131 | &nbsp;&nbsp;&nbsp; 5574814 | &nbsp;&nbsp; 598196  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (1725388) | (2433538) | &nbsp;&nbsp;&nbsp; (661056) | &nbsp;&nbsp; (409697)  |
| &nbsp;&nbsp;&nbsp; From return of capital |  |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (369430)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (1725388) | (2433538) | &nbsp;&nbsp;&nbsp; (661056) | &nbsp;&nbsp; (779127)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 4746160 | 5625710 | &nbsp;&nbsp;&nbsp; 13532120 | &nbsp;&nbsp; 12985343  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (43903615) | (71479655) | &nbsp;&nbsp;&nbsp; (2260593) | &nbsp;&nbsp; (16371685)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 2499 | 800 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (39154956) | (65853145) | &nbsp;&nbsp;&nbsp; 11271527 | &nbsp;&nbsp; (3386342)  |
| **Net increase (decrease) in net assets** | (98228460) | (37963552) | &nbsp;&nbsp;&nbsp; 16185285 | &nbsp;&nbsp; (3567273)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 260362501 | 298326053 | &nbsp;&nbsp;&nbsp; 10726247 | &nbsp;&nbsp; 14293520  |
| &nbsp;&nbsp;&nbsp; End of the period | $162134041 | $260362501 | &nbsp;&nbsp;&nbsp; $26911532 | &nbsp;&nbsp; $10726247  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 100000 | 100000 | &nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp; 450000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (850000) | (1250000) | &nbsp;&nbsp;&nbsp; (75000) | &nbsp;&nbsp; (575000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (750000) | (1150000) | &nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp; (125000) |

---

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Ethereum** <br>**3% Monthly Option** <br>**Income ETF** <br>(Consolidated) | **Amplify Ethereum** <br>**Max Income** <br>**Covered Call ETF** | **Amplify Etho Climate** <br>**Leadership U.S. ETF**  | **Amplify Etho Climate** <br>**Leadership U.S. ETF**  |
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp; $25675 | &nbsp;&nbsp;&nbsp; $37316 | $572241 | $1459529  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; (1270754) | &nbsp;&nbsp;&nbsp; (1714408) | 3123849 | 1195576  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (99921) | &nbsp;&nbsp;&nbsp; 397525 | 3632735 | 6152310  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp;&nbsp; (1345000) | &nbsp;&nbsp;&nbsp; (1279567) | 7328825 | 8807415  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp;&nbsp; (383244) | &nbsp;&nbsp;&nbsp; (679003) | (1313540) | (445673)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp;&nbsp; (383244) | &nbsp;&nbsp;&nbsp; (679003) | (1313540) | (445673)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 4341812 | &nbsp;&nbsp;&nbsp; 5537674 | 3428440 | 2944780  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | (10070320) | (44060830)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp;&nbsp; 4341812 | &nbsp;&nbsp;&nbsp; 5537674 | (6641880) | (41116050)  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp;&nbsp; 2613568 | &nbsp;&nbsp;&nbsp; 3579104 | (626595) | (32754308)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | 156025095 | 188779403  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp;&nbsp; $2613568 | &nbsp;&nbsp;&nbsp; $3579104 | $155398500 | $156025095  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp; 340000 | 50000 | 50000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | (150000) | (750000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp; 340000 | (100000) | (700000) |

---

<sup>(a)</sup> Inception date of the Fund was October 8, 2025.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Amplify HACK** <br>**Cybersecurity** <br>**Covered Call ETF** | **Amplify Junior Silver** <br>**Miners ETF**  | **Amplify Junior Silver** <br>**Miners ETF**  |
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp; $(1012) | $(9892916) | $696024  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; (34584) | 701255709 | 194329836  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (67034) | 129241781 | 940248197  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp;&nbsp; (102630) | 820604574 | 1135274057  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp;&nbsp; (50707) | (76881997) | (60317682)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp;&nbsp; (50707) | (76881997) | (60317682)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 2938309 | 1572753580 | 1168112120  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (943724) | (939976815) | (635772730)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp;&nbsp;&nbsp; — | 23418 | 26892  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp;&nbsp; 1994585 | 632800183 | 532366282  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp;&nbsp; 1841248 | 1376522760 | 1607322657  |
| **NET ASSETS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp;&nbsp; — | 2651343779 | 1044021122  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp;&nbsp; $1841248 | $4027866539 | $2651343779  |
| **SHARES TRANSACTIONS**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 120000 | 52250000 | 80900000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (40000) | (31100000) | (47300000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; 80000 | 21150000 | 33600000 |

---

<sup>(a)</sup> Inception date of the Fund was January 20, 2026.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Amplify Lithium & Battery** <br>**Technology ETF** | **Amplify Lithium & Battery** <br>**Technology ETF** | **Amplify** <br>**Municipal CEF** <br>**High Income ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **OPERATIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $290731 | $1027619 | &nbsp;&nbsp;&nbsp;&nbsp; $2232  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 4190872 | (12091542) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | 8865674 | 31275316 | &nbsp;&nbsp;&nbsp;&nbsp; (12820)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 13347277 | 20211393 | &nbsp;&nbsp;&nbsp;&nbsp; (10588)  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (1775906) | (2077324) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (1775906) | (2077324) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 27838235 | 1344255 | &nbsp;&nbsp;&nbsp;&nbsp; 398800  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (9742030) | (19428630) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 8851 | 9507 | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 18105056 | (18074868) | &nbsp;&nbsp;&nbsp;&nbsp; 398800  |
| **Net increase (decrease) in net assets** | 29676427 | 59201 | &nbsp;&nbsp;&nbsp;&nbsp; 388212  |
| **NET ASSETS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 78626934 | 78567733 | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; End of the period | $108303361 | $78626934 | &nbsp;&nbsp;&nbsp;&nbsp; $388212  |
| **SHARES TRANSACTIONS**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 2000000 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 20000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (700000) | (2100000) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 1300000 | (1950000) | &nbsp;&nbsp;&nbsp;&nbsp; 20000 |

---

<sup>(a)</sup> Inception date of the Fund was March 9, 2026.

The accompanying notes are an integral part of these financial statements.

99<br>

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Online Retail ETF** | **Amplify Online Retail ETF** | **Amplify Samsung SOFR ETF**  | **Amplify Samsung SOFR ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $40442 | $141519 | $6731870 | $11042808  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | (5212782) | (1078707) |  | —  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (22334934) | 34451491 |  | —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (27507274) | 33514303 | 6731870 | 11042808  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (153749) |  | (7090725) | (11042808)  |
| &nbsp;&nbsp;&nbsp; From return of capital |  |  |  | (231826)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (153749) |  | (7090725) | (11274634)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | 22801785 | 138359590 | 132330395  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (23632300) | (54997435) |  | (99253836)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 1639 | 3238 | 27672 | 46317  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (23630661) | (32192412) | 138387262 | 33122876  |
| **Net increase (decrease) in net assets** | (51291684) | 1321891 | 138028407 | 32891050  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 160345898 | 159024007 | 275350816 | 242459766  |
| &nbsp;&nbsp;&nbsp; End of the period | $109054214 | $160345898 | $413379223 | $275350816  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | 350000 | 1380000 | 1320000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (350000) | (850000) |  | (990000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (350000) | (500000) | 1380000 | 330000 |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Samsung U.S. Natural Gas** <br>**Infrastructure ETF** | **Amplify Samsung U.S. Natural Gas** <br>**Infrastructure ETF** | **Amplify Seymour Cannabis ETF**  | **Amplify Seymour Cannabis ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp; $35655 | &nbsp;&nbsp; $26864 | $1520195 | $1512305  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp; (3594) | &nbsp;&nbsp; 31130 | (9918859) | (49877987)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp; 941836 | &nbsp;&nbsp; 394527 | (18344991) | 66657568  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp; 973897 | &nbsp;&nbsp; 452521 | (26743655) | 18291886  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp; (35605) | &nbsp;&nbsp; (26864) |  | (5578775)  |
| &nbsp;&nbsp;&nbsp; From return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (591) |  | —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp; (35605) | &nbsp;&nbsp; (27455) |  | (5578775)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; 814965 | &nbsp;&nbsp; 4757419 | 2080040 | 80533230  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (1277420) | (16308795) | (7757016)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — |  | 1963  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp; 814965 | &nbsp;&nbsp; 3479999 | (14228755) | 72778177  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp; 1753257 | &nbsp;&nbsp; 3905065 | (40972410) | 85491288  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp; 3905065 | &nbsp;&nbsp; — | 113469249 | 27977961  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp; $5658322 | &nbsp;&nbsp; $3905065 | $72496839 | $113469249  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp; 190000 | 100000 | 3766667  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (50000) | (650000) | (450033)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp; 140000 | (550000) | 3316634 |

---

<sup>(a)</sup> Inception date of the Fund was May 19, 2025.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify SILJ Junior Silver Miners** <br>**Covered Call ETF** | **Amplify SILJ Junior Silver Miners** <br>**Covered Call ETF** | **Amplify Small-Mid Cap** <br>**Equity ETF**  | **Amplify Small-Mid Cap** <br>**Equity ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(b)</sup>**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp; $103377 | &nbsp;&nbsp; $1258 | &nbsp;&nbsp; $2984 | $4861  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp; 393611 | &nbsp;&nbsp; 46839 | &nbsp;&nbsp; 68191 | (26369)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 2245918 | &nbsp;&nbsp; 662185 | &nbsp;&nbsp; (61923) | 35360  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp; 2742906 | &nbsp;&nbsp; 710282 | &nbsp;&nbsp; 9252 | 13852  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp; (2698328) | &nbsp;&nbsp; (22183) | &nbsp;&nbsp; (2982) | (4861)  |
| &nbsp;&nbsp;&nbsp; From return of capital | &nbsp;&nbsp; — | &nbsp;&nbsp; (135009) | &nbsp;&nbsp; — | (1164)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp; (2698328) | &nbsp;&nbsp; (157192) | &nbsp;&nbsp; (2982) | (6025)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 27683382 | &nbsp;&nbsp; 8985623 | &nbsp;&nbsp; 627515 | 1240500  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp; (706490) | &nbsp;&nbsp; (1467930) | &nbsp;&nbsp; (658270) | —  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp; 22865 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp; 26999757 | &nbsp;&nbsp; 7517693 | &nbsp;&nbsp; (30755) | 1240500  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp; 27044335 | &nbsp;&nbsp; 8070783 | &nbsp;&nbsp; (24485) | 1248327  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp; 8070783 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1248327 | —  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp; $35115118 | &nbsp;&nbsp; $8070783 | &nbsp;&nbsp; $1223842 | $1248327  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 25000 | 50000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp; (25000) | &nbsp;&nbsp; (50000) | &nbsp;&nbsp; (25000) | —  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; — | 50000 |

---

<sup>(a)</sup> Inception date of the Fund was August 18, 2025.

<sup>(b)</sup> Inception date of the Fund was October 22, 2024.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Solana** <br>**3% Monthly** <br>**Option Income** <br>**ETF (Consolidated)** | **Amplify** <br>**Stablecoin** <br>**Technology** <br>**ETF (Consolidated)** | **Amplify TLT U.S. Treasury 12%** <br>**Option Income ETF**  | **Amplify TLT U.S. Treasury 12%** <br>**Option Income ETF**  |
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026<sup>(b)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(c)</sup>**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp; $6478 | &nbsp;&nbsp;&nbsp;&nbsp; $31 | &nbsp;&nbsp; $480916 | $333100  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; (513363) | &nbsp;&nbsp;&nbsp;&nbsp; (82413) | &nbsp;&nbsp; 352600 | (156906)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (128564) | &nbsp;&nbsp;&nbsp;&nbsp; (88558) | &nbsp;&nbsp; (984661) | 10873  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp;&nbsp; (635449) | &nbsp;&nbsp;&nbsp;&nbsp; (170940) | &nbsp;&nbsp; (151145) | 187067  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp;&nbsp;&nbsp; (129504) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (1605411) | (466496)  |
| &nbsp;&nbsp;&nbsp; From return of capital | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | (568448)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp;&nbsp;&nbsp; (129504) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (1605411) | (1034944)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 2068758 | &nbsp;&nbsp;&nbsp;&nbsp; 1375734 | &nbsp;&nbsp; 20627901 | 13279385  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (1305441) | (903840)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp; 501 | 428  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp;&nbsp; 2068758 | &nbsp;&nbsp;&nbsp;&nbsp; 1375819 | &nbsp;&nbsp; 19322961 | 12375973  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp;&nbsp; 1303805 | &nbsp;&nbsp;&nbsp;&nbsp; 1204879 | &nbsp;&nbsp; 17566405 | 11528096  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 11528096 | —  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp;&nbsp; $1303805 | &nbsp;&nbsp;&nbsp;&nbsp; $1204879 | &nbsp;&nbsp; $29094501 | $11528096  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp; 910000 | 550000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (60000) | (40000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp; 850000 | 510000 |

---

<sup>(a)</sup> Inception date of the Fund was November 3, 2025.

<sup>(b)</sup> Inception date of the Fund was December 22, 2025.

<sup>(c)</sup> Inception date of the Fund was October 28, 2024.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Amplify** <br>**Tokenization** <br>**Technology ETF** <br>(Consolidated) | **Amplify Travel Tech ETF**  | **Amplify Travel Tech ETF**  |
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited) | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp; $953 | $(33136) | $(79079)  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; (8202) | (2976733) | (5945297)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (98333) | (7153706) | 10595553  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp;&nbsp; (105582) | (10163575) | 4571177  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 759841 | 4220160 | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | (11361645) | (28840105)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | &nbsp;&nbsp;&nbsp;&nbsp; 107 | 1972 | 13545  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp;&nbsp;&nbsp; 759948 | (7139513) | (28826560)  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp;&nbsp;&nbsp; 654366 | (17303088) | (24255383)  |
| **NET ASSETS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp;&nbsp;&nbsp; — | 41297667 | 65553050  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp;&nbsp;&nbsp; $654366 | $23994579 | $41297667  |
| **SHARES TRANSACTIONS**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | 200000 | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; — | (550000) | (1350000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; 30000 | (350000) | (1350000) |

---

<sup>(a)</sup> Inception date of the Fund was December 22, 2025.

The accompanying notes are an integral part of these financial statements.

104<br>

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Amplify Video Game** <br>**Leaders ETF** | **Amplify Video Game** <br>**Leaders ETF** | **Amplify Weight Loss Drug &** <br>**Treatment ETF**  | **Amplify Weight Loss Drug &** <br>**Treatment ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(13686) | $297922 | &nbsp;&nbsp; $35751 | $43571  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 2629786 | 4487775 | &nbsp;&nbsp;&nbsp;&nbsp;(395) | (237179)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (13325632) | 11179374 | &nbsp;&nbsp; 56819 | (419870)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (10709532) | 15965071 | &nbsp;&nbsp; 92175 | (613478)  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (221351) | (227895) | &nbsp;&nbsp; (45449) | (39582)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (221351) | (227895) | &nbsp;&nbsp; (45449) | (39582)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | 1832783 | &nbsp;&nbsp; 1545250 | 1108090  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (4777672) | (7223960) | &nbsp;&nbsp; (492534) | (2218395)  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees (See Note 1) | 1443 | 1382 | &nbsp;&nbsp; 359 | 327  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (4776229) | (5389795) | &nbsp;&nbsp; 1053075 | (1109978)  |
| **Net increase (decrease) in net assets** | (15707112) | 10347381 | &nbsp;&nbsp; 1099801 | (1763038)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 50599128 | 40251747 | &nbsp;&nbsp; 3051196 | 4814234  |
| &nbsp;&nbsp;&nbsp; End of the period | $34892016 | $50599128 | &nbsp;&nbsp; $4150997 | $3051196  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | 20000 | &nbsp;&nbsp; 60000 | 50000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (50000) | (100000) | &nbsp;&nbsp; (20000) | (100000)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (50000) | (80000) | &nbsp;&nbsp; 40000 | (50000) |

---

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETF TRUST** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | |
|:---|:---|
|  | **Amplify XRP 3%** <br>**Monthly Option** <br>**Income ETF** <br>(Consolidated)  |
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **OPERATIONS:**<br>|  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | &nbsp;&nbsp; $45693  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp; (2380449)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; (862433)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | &nbsp;&nbsp; (3197189)  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |
| &nbsp;&nbsp;&nbsp; From earnings | &nbsp;&nbsp; (850953)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | &nbsp;&nbsp; (850953)  |
| **CAPITAL TRANSACTIONS:**<br>|  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 12841301  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | &nbsp;&nbsp; 12841301  |
| **Net increase (decrease) in net assets** | &nbsp;&nbsp; 8793159  |
| **NET ASSETS:**<br>|  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; End of the period | &nbsp;&nbsp; $8793159  |
| **SHARES TRANSACTIONS**<br>|  |
| &nbsp;&nbsp;&nbsp; Shares sold | &nbsp;&nbsp; 630000  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | &nbsp;&nbsp; 630000 |

---

<sup>(a)</sup> Inception date of the Fund was November 17, 2025.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY AI POWERED EQUITY ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $44.91 | $37.54 | $29.77 | $28.92 | $41.12 | $30.72  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | 0.19 | 0.25 | 0.35 | 0.09 | (0.03)  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (1.53) | 7.19 | 7.78 | 0.87 | (11.57) | 10.47  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (1.43) | 7.38 | 8.03 | 1.22 | (11.48) | 10.44  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.19) | (0.01) | (0.26) | (0.37) |  | (0.04)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — |  |  |  | (0.72) | —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.19) | (0.01) | (0.26) | (0.37) | (0.72) | (0.04)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $43.29 | $44.91 | $37.54 | $29.77 | $28.92 | $41.12  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; -3.18% | 19.68% | 27.00% | 4.20% | -28.45% | 34.00%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $109319 | $116761 | $106040 | $101950 | $99060 | $167562  |
| Ratio of expenses to average net assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 0.46% | 0.46% | 0.73% | 1.17% | 0.24% | (0.09)%  |
| Portfolio turnover rate<sup>(c)(e)</sup> | &nbsp;&nbsp;&nbsp; 312% | 804% | 1,159% | 2,719% | 1,708% | 540% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ALTERNATIVE HARVEST ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $37.07 | $39.72 | $43.68 | $55.44 | $172.80 | $124.44  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | 0.24 | 3.00 | 1.44 | 2.16 | 3.12  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (13.28) | (2.87) | (2.88) | (11.76) | (117.36) | 48.12  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (13.18) | (2.63) | 0.12 | (10.32) | (115.20) | 51.24  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.59) | (0.02) | (3.60) | (1.44) | (2.16) | (2.88)  |
| Return of capital | &nbsp;&nbsp;&nbsp; — |  | (0.48) |  |  | —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.59) | (0.02) | (4.08) | (1.44) | (2.16) | (2.88)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $23.30 | $37.07 | $39.72 | $43.68 | $55.44 | $172.80  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; -35.90% | -5.70% | 0.40% | -18.67% | -67.06% | 40.90%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $115732 | $200810 | $229261 | $259615 | $324730 | $1067609  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursement/<br>recoupment<sup>(d)(e)</sup>  | &nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/<br>recoupment<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 0.37% | 0.40% | 0.39% | 0.46% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 0.66% | 0.90% | 7.29% | 2.89% | 1.95% | 1.39%  |
| Portfolio turnover rate<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; 9% | 75% | 45% | 60% | 74% | 75% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $55.71 | &nbsp;&nbsp;&nbsp; $50.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.60  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (21.31) | &nbsp;&nbsp;&nbsp;&nbsp;10.83  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (20.96) | &nbsp;&nbsp;&nbsp;&nbsp;11.43  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (2.91) | &nbsp;&nbsp;&nbsp; (0.56)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (1.96) | &nbsp;&nbsp;&nbsp; (5.16)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (4.87) | &nbsp;&nbsp;&nbsp; (5.72)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $29.88 | &nbsp;&nbsp;&nbsp; $55.71  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -38.99% | &nbsp;&nbsp;&nbsp; 23.27%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $11355 | &nbsp;&nbsp;&nbsp; $20614  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 1.77% | &nbsp;&nbsp;&nbsp; 2.49%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp; 3% |

---

<sup>(a)</sup> Inception date of the Fund was April 28, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY BITCOIN MAX INCOME COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $54.25 | &nbsp;&nbsp;&nbsp; $50.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.47 | &nbsp;&nbsp;&nbsp;&nbsp;0.79  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (20.08) | &nbsp;&nbsp;&nbsp;&nbsp;10.75  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (19.61) | &nbsp;&nbsp;&nbsp;&nbsp;11.54  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (4.05) | &nbsp;&nbsp;&nbsp; (0.67)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (2.75) | &nbsp;&nbsp;&nbsp; (6.62)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (6.80) | &nbsp;&nbsp;&nbsp; (7.29)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $27.84 | &nbsp;&nbsp;&nbsp; $54.25  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -37.88% | &nbsp;&nbsp;&nbsp; 23.56%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $10856 | &nbsp;&nbsp;&nbsp; $16275  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.69%  |
|  Ratio of dividends, interest and borrowing expense on securities sold short to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp;&nbsp; 0.04%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2.49% | &nbsp;&nbsp;&nbsp; 3.30%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp;&nbsp; 251% |

---

<sup>(a)</sup> Inception date of the Fund was April 28, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY BLACKSWAN GROWTH & TREASURY CORE ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $32.20 | &nbsp;&nbsp; $30.43 | &nbsp;&nbsp; $23.17 | $24.63 | $35.72 | $30.87  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | 0.74 | 0.33 | 0.09  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (1.21) | &nbsp;&nbsp;&nbsp;&nbsp;1.78 | &nbsp;&nbsp;&nbsp;&nbsp;7.30 | (1.43) | (9.41) | 5.25  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (0.73) | &nbsp;&nbsp;&nbsp;&nbsp;2.68 | &nbsp;&nbsp;&nbsp;&nbsp;8.00 | (0.69) | (9.08) | 5.34  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.48) | &nbsp;&nbsp; (0.91) | &nbsp;&nbsp; (0.74) | (0.77) | (0.38) | (0.07)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |  | (1.63) | (0.42)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.48) | &nbsp;&nbsp; (0.91) | &nbsp;&nbsp; (0.74) | (0.77) | (2.01) | (0.49)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> |  |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $30.99 | &nbsp;&nbsp; $32.20 | &nbsp;&nbsp; $30.43 | $23.17 | $24.63 | $35.72  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -2.29% | &nbsp;&nbsp; 9.04% | &nbsp;&nbsp; 34.80% | -2.97% | -26.77% | 17.44%  |
| **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $355792 | &nbsp;&nbsp; $266610 | &nbsp;&nbsp; $290916 | $181683 | $274398 | $911467  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 0.49% | 0.49% | 0.49% | 0.49%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2.96% | &nbsp;&nbsp; 2.98% | &nbsp;&nbsp; 2.81% | 2.92% | 1.08% | 0.25%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp; 43% | &nbsp;&nbsp; 61% | 218% | 286% | 194% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY BLACKSWAN ISWN ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,** | **Year Ended October 31,** | **Period Ended** <br>**October 31,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022**  | **Period Ended** <br>**October 31,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $21.15 | &nbsp;&nbsp;&nbsp; $20.53 | &nbsp;&nbsp;&nbsp; $17.01 | &nbsp;&nbsp; $17.66 | &nbsp;&nbsp; $25.50 | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.32 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.52 | 0.55 | 0.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.07  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.32 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | &nbsp;&nbsp;&nbsp;&nbsp;3.58 | &nbsp;&nbsp; (0.66) | &nbsp;&nbsp; (7.77) | &nbsp;&nbsp;&nbsp;&nbsp;0.48  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;1.24 | &nbsp;&nbsp;&nbsp;&nbsp;4.10 | &nbsp;&nbsp; (0.11) | &nbsp;&nbsp; (7.47) | &nbsp;&nbsp;&nbsp;&nbsp;0.55  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.32) | &nbsp;&nbsp;&nbsp; (0.62) | &nbsp;&nbsp;&nbsp; (0.58) | &nbsp;&nbsp; (0.54) | &nbsp;&nbsp; (0.27) | &nbsp;&nbsp;&nbsp; (0.05)  |
| Net realized gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.10) | &nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.32) | &nbsp;&nbsp;&nbsp; (0.62) | &nbsp;&nbsp;&nbsp; (0.58) | &nbsp;&nbsp; (0.54) | &nbsp;&nbsp; (0.37) | &nbsp;&nbsp;&nbsp; (0.05)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $21.47 | &nbsp;&nbsp;&nbsp; $21.15 | &nbsp;&nbsp;&nbsp; $20.53 | &nbsp;&nbsp; $17.01 | &nbsp;&nbsp; $17.66 | &nbsp;&nbsp;&nbsp; $25.50  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.06% | &nbsp;&nbsp;&nbsp; 6.25% | &nbsp;&nbsp;&nbsp; 24.31% | &nbsp;&nbsp; -0.80% | &nbsp;&nbsp; -29.51% | &nbsp;&nbsp;&nbsp; 2.23%  |
| **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $33814 | &nbsp;&nbsp;&nbsp; $33305 | &nbsp;&nbsp;&nbsp; $37986 | &nbsp;&nbsp; $37430 | &nbsp;&nbsp; $31348 | &nbsp;&nbsp;&nbsp; $43353  |
| &nbsp;&nbsp;&nbsp; Ratio of expenses to average net <br>assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp; 0.49%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.94% | &nbsp;&nbsp;&nbsp; 3.11% | &nbsp;&nbsp;&nbsp; 2.95% | &nbsp;&nbsp; 2.93% | &nbsp;&nbsp; 1.42% | &nbsp;&nbsp;&nbsp; 0.38%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp; 38% | &nbsp;&nbsp;&nbsp; 32% | &nbsp;&nbsp; 195% | &nbsp;&nbsp; 221% | &nbsp;&nbsp;&nbsp; 123% |

---

<sup>(a)</sup> Inception date of the Fund was January 25, 2021.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY BLOCKCHAIN TECHNOLOGY ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $67.08 | $37.56 | &nbsp;&nbsp; $20.58 | $18.53 | $55.37 | $24.80  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.03 | 0.41 | &nbsp;&nbsp;&nbsp;&nbsp;0.36 | 0.38 | 0.41 | 0.24  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (16.96) | 31.70 | &nbsp;&nbsp;&nbsp;&nbsp;16.96 | 1.67 | (31.50) | 30.98  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (16.93) | 32.11 | &nbsp;&nbsp;&nbsp;&nbsp;17.32 | 2.05 | (31.09) | 31.22  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.41) | (2.59) | &nbsp;&nbsp; (0.34) |  | (5.75) | (0.66)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.41) | (2.59) | &nbsp;&nbsp; (0.34) |  | (5.75) | (0.66)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> |  | 0.00<sup>(c)</sup> | 0.01  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $49.74 | $67.08 | &nbsp;&nbsp; $37.56 | $20.58 | $18.53 | $55.37  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -25.33% | 89.20% | &nbsp;&nbsp; 84.42% | 11.05% | -61.76% | 127.54%  |
| **SUPPLEMENTAL DATA AND RATIOS:** | **SUPPLEMENTAL DATA AND RATIOS:** |  |  |  |  |  |
|  Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $925190 | $1442299 | &nbsp;&nbsp; $685397 | $427075 | $464298 | $1495050  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.70% | 0.70% | &nbsp;&nbsp; 0.70% | 0.70% | 0.70% | 0.73%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.70% | 0.70% | &nbsp;&nbsp; 0.70% | 0.70% | 0.70% | 0.70%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.09% | 0.83% | &nbsp;&nbsp; 1.26% | 1.94% | 1.33% | 0.50%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 40% | 50% | &nbsp;&nbsp; 41% | 36% | 39% | 41% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY BLOOMBERG AI VALUE CHAIN ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $63.48 | $48.15 | $35.22 | $28.66 | $51.58 | $42.29  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | 0.15 | 0.01 | 0.01 | (0.03) | (0.03)  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4.86 | 15.26 | 12.93 | 6.55 | (22.89) | 9.45  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;4.86 | 15.41 | 12.94 | 6.56 | (22.92) | 9.42  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) | (0.09) | (0.01) |  |  | (0.13)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.12) | (0.09) | (0.01) |  |  | (0.13)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | 0.01 | 0.00<sup>(b)</sup> | 0.00<sup>(b)</sup> | 0.00<sup>(b)</sup> | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $68.22 | $63.48 | $48.15 | $35.22 | $28.66 | $51.58  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 7.65% | 32.09% | 36.72% | 22.92% | -44.44% | 22.28%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $34108 | $31738 | $26481 | $24656 | $22925 | $54155  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | 0.60% | 0.68% | 0.68% | 0.68% | 0.68%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.01% | 0.29% | 0.02% | 0.02% | (0.09)% | (0.06)%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 27% | 129% | 36% | 29% | 28% | 14% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Amount represents less than $0.005 per share.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY BLUESTAR ISRAEL TECHNOLOGY ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $58.71 | $47.92 | $41.25 | $43.94 | $66.09 | $55.57  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment loss<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; (0.07) | (0.13) | (0.06) | 0.00<sup>(b)</sup> | (0.05) | (0.01)  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.46) | 10.93 | 6.73 | (2.69) | (22.10) | 10.97  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (0.53) | 10.80 | 6.67 | (2.69) | (22.15) | 10.96  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.49) | (0.01) |  |  |  | (0.44)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.49) | (0.01) |  |  |  | (0.44)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp; — | 0.00<sup>(b)</sup> |  |  |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $57.69 | $58.71 | $47.92 | $41.25 | $43.94 | $66.09  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -0.91% | 22.52% | 16.18% | -6.12% | -33.52% | 19.76%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $106721 | $102738 | $88659 | $88690 | $116443 | $191673  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; (0.25)% | (0.25)% | (0.12)% | 0.00%<sup>(g)</sup> | (0.10)% | (0.02)%  |
| Portfolio turnover rate<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 16% | 19% | 21% | 17% | 25% | 21% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Amount represents less than $0.005 per share.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Amount represents less than 0.005%.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY CASH FLOW DIVIDEND LEADERS ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Period Ended** <br>**October 31,** <br>**2023<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $31.91 | &nbsp;&nbsp;&nbsp; $29.69 | &nbsp;&nbsp;&nbsp; $23.35 | &nbsp;&nbsp;&nbsp; $25.13  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | &nbsp;&nbsp;&nbsp;&nbsp;0.05  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;&nbsp;2.23 | &nbsp;&nbsp;&nbsp;&nbsp;6.34 | &nbsp;&nbsp;&nbsp; (1.79)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;2.92 | &nbsp;&nbsp;&nbsp;&nbsp;6.93 | &nbsp;&nbsp;&nbsp; (1.74)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.25) | &nbsp;&nbsp;&nbsp; (0.70) | &nbsp;&nbsp;&nbsp; (0.59) | &nbsp;&nbsp;&nbsp; (0.04)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.25) | &nbsp;&nbsp;&nbsp; (0.70) | &nbsp;&nbsp;&nbsp; (0.59) | &nbsp;&nbsp;&nbsp; (0.04)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $33.01 | &nbsp;&nbsp;&nbsp; $31.91 | &nbsp;&nbsp;&nbsp; $29.69 | &nbsp;&nbsp;&nbsp; $23.35  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 4.22% | &nbsp;&nbsp;&nbsp; 10.04% | &nbsp;&nbsp;&nbsp; 29.91% | &nbsp;&nbsp;&nbsp; -6.94%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $30370 | &nbsp;&nbsp;&nbsp; $22975 | &nbsp;&nbsp;&nbsp; $18112 | &nbsp;&nbsp;&nbsp; $5137  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp; 0.39%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.08% | &nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp;&nbsp; —%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1.49% | &nbsp;&nbsp;&nbsp; 2.35% | &nbsp;&nbsp;&nbsp; 2.30% | &nbsp;&nbsp;&nbsp; 1.46%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 228% | &nbsp;&nbsp;&nbsp; 165% | &nbsp;&nbsp;&nbsp; 140% | &nbsp;&nbsp;&nbsp; 21% |

---

<sup>(a)</sup> Inception date of the Fund was September 12, 2023.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CEF HIGH INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $11.79 | &nbsp;&nbsp; $12.30 | &nbsp;&nbsp; $10.60 | $11.60 | $17.04 | $14.28  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | 1.12 | 0.89 | 0.81  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (0.75) | &nbsp;&nbsp;&nbsp;&nbsp;0.34 | &nbsp;&nbsp;&nbsp;&nbsp;2.10 | (0.68) | (4.89) | 3.48  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (0.07) | &nbsp;&nbsp;&nbsp;&nbsp;0.93 | &nbsp;&nbsp;&nbsp;&nbsp;3.02 | 0.44 | (4.00) | 4.29  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.72) | &nbsp;&nbsp; (0.66) | &nbsp;&nbsp; (0.93) | (1.09) | (0.93) | (0.86)  |
| Return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (0.78) | &nbsp;&nbsp; (0.39) | (0.35) | (0.51) | (0.67)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.72) | &nbsp;&nbsp; (1.44) | &nbsp;&nbsp; (1.32) | (1.44) | (1.44) | (1.53)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> |  | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $11.00 | &nbsp;&nbsp; $11.79 | &nbsp;&nbsp; $12.30 | $10.60 | $11.60 | $17.04  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -0.73% | &nbsp;&nbsp; 8.40% | &nbsp;&nbsp; 29.67% | 3.52% | -24.46% | 30.71%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $662597 | &nbsp;&nbsp; $619089 | &nbsp;&nbsp; $528993 | $340947 | $298062 | $448971  |
|  Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 0.50% | 0.50% | 0.50% | 0.50%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 11.81% | &nbsp;&nbsp; 5.03% | &nbsp;&nbsp; 8.53% | 9.57% | 6.23% | 4.81%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 32% | &nbsp;&nbsp; 48% | &nbsp;&nbsp; 110% | 48% | 59% | 90% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

117<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY COWS COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Period Ended** <br>**October 31,** <br>**2023<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $24.02 | &nbsp;&nbsp;&nbsp; $25.86 | &nbsp;&nbsp;&nbsp;&nbsp; $23.46 | &nbsp;&nbsp;&nbsp; $24.92  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.03  |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on <br>investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;3.89 | &nbsp;&nbsp;&nbsp; (1.32)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | &nbsp;&nbsp;&nbsp;&nbsp;4.29 | &nbsp;&nbsp;&nbsp; (1.29)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (1.04) | &nbsp;&nbsp;&nbsp; (0.03) | &nbsp;&nbsp;&nbsp;&nbsp; (0.26) | &nbsp;&nbsp;&nbsp; (0.17)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (0.39) | &nbsp;&nbsp;&nbsp; (2.40) | &nbsp;&nbsp;&nbsp;&nbsp; (1.63) | &nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.43) | &nbsp;&nbsp;&nbsp; (2.43) | &nbsp;&nbsp;&nbsp;&nbsp; (1.89) | &nbsp;&nbsp;&nbsp; (0.17)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $23.05 | &nbsp;&nbsp;&nbsp; $24.02 | &nbsp;&nbsp;&nbsp;&nbsp; $25.86 | &nbsp;&nbsp;&nbsp; $23.46  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.84% | &nbsp;&nbsp;&nbsp; 2.70% | &nbsp;&nbsp;&nbsp;&nbsp; 18.64% | &nbsp;&nbsp;&nbsp; -5.18%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $14518 | &nbsp;&nbsp;&nbsp; $12969 | &nbsp;&nbsp;&nbsp;&nbsp; $1552 | &nbsp;&nbsp;&nbsp; $2815  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.65%<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.65%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp; 1.60% | &nbsp;&nbsp;&nbsp;&nbsp; 1.70% | &nbsp;&nbsp;&nbsp; 1.14%  |
| Portfolio turnover rate<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 335% | &nbsp;&nbsp;&nbsp; 441% | &nbsp;&nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp;&nbsp; —% |

---

<sup>(a)</sup> Inception date of the Fund was September 19, 2023.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> This ratio includes expense reimbursement / recoupment that represents less than 0.005% of average net assets.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $44.53 | &nbsp;&nbsp; $41.15 | &nbsp;&nbsp; $34.24 | $35.41 | $37.11 | $29.22  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | 0.78 | 0.59 | 0.49  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1.80 | &nbsp;&nbsp;&nbsp;&nbsp;4.66 | &nbsp;&nbsp;&nbsp;&nbsp;7.87 | (0.24) | (0.57) | 9.22  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;2.18 | &nbsp;&nbsp;&nbsp;&nbsp;5.40 | &nbsp;&nbsp;&nbsp;&nbsp;8.60 | 0.54 | 0.02 | 9.71  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (1.13) | &nbsp;&nbsp; (1.41) | &nbsp;&nbsp; (1.51) | (0.77) | (0.58) | (1.56)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; (0.77) | &nbsp;&nbsp; (0.61) | &nbsp;&nbsp; (0.18) |  | (0.28) | (0.11)  |
| Return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | (0.94) | (0.86) | (0.15)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.90) | &nbsp;&nbsp; (2.02) | &nbsp;&nbsp; (1.69) | (1.71) | (1.72) | (1.82)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $44.81 | &nbsp;&nbsp; $44.53 | &nbsp;&nbsp; $41.15 | $34.24 | $35.41 | $37.11  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 4.92% | &nbsp;&nbsp; 13.56% | &nbsp;&nbsp; 25.61% | 1.47% | 0.14% | 33.81%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $6625279 | &nbsp;&nbsp; $5246166 | &nbsp;&nbsp; $3612986 | $2840053 | $2101790 | $766353  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.55% | 0.55% | 0.55% | 0.61%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.54% | &nbsp;&nbsp; 0.54% | &nbsp;&nbsp; 0.54% | 0.55% | 0.55% | 0.54%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 1.70% | &nbsp;&nbsp; 1.77% | &nbsp;&nbsp; 2.09% | 2.20% | 1.67% | 1.38%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 43% | &nbsp;&nbsp; 94% | &nbsp;&nbsp; 73% | 66% | 87% | 89% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY CWP GROWTH & INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $28.99 | &nbsp;&nbsp; $25.39 | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | 0.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.02  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.90) | 6.19 | &nbsp;&nbsp;&nbsp;&nbsp;0.52  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (0.86) | 6.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.54  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.92) | &nbsp;&nbsp; (0.07) | &nbsp;&nbsp;&nbsp; (0.07)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (0.60) | &nbsp;&nbsp; (2.62) | &nbsp;&nbsp;&nbsp; (0.08)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.52) | &nbsp;&nbsp; (2.69) | &nbsp;&nbsp;&nbsp; (0.15)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $26.61 | &nbsp;&nbsp; $28.99 | &nbsp;&nbsp;&nbsp; $25.39  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -3.19% | &nbsp;&nbsp; 26.17% | &nbsp;&nbsp;&nbsp; 2.15%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $584845 | &nbsp;&nbsp; $323225 | &nbsp;&nbsp;&nbsp; $10155  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.55%<sup>(g)</sup> | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp;&nbsp; 0.55%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.31% | &nbsp;&nbsp; 0.35% | &nbsp;&nbsp;&nbsp; 0.62%  |
| Portfolio turnover rate<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 86% | &nbsp;&nbsp; 175% | &nbsp;&nbsp;&nbsp; 27% |

---

<sup>(a)</sup> Inception date of the Fund was August 21, 2024.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> This ratio includes expense reimbursement / recoupment that represents less than 0.005% of average net assets.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended** <br>**October 31,** <br>**2023** | **Period Ended** <br>**October 31,** <br>**2022<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |
| Net asset value, beginning of period | $37.24 | &nbsp;&nbsp; $30.71 | &nbsp;&nbsp; $26.16 | $24.24 | &nbsp;&nbsp;&nbsp; $25.03  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |
| Net investment income<sup>(b)</sup> | 0.33 | 0.62 | 0.80 | 1.03 | &nbsp;&nbsp;&nbsp;&nbsp;0.09  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | 4.01 | 7.88 | 5.44 | 2.51 | &nbsp;&nbsp;&nbsp; (0.63)  |
| **Total from investment operations** | 4.34 | 8.50 | 6.24 | 3.54 | &nbsp;&nbsp;&nbsp; (0.54)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |
| Net investment income | (1.00) | &nbsp;&nbsp; (0.79) | &nbsp;&nbsp; (0.78) | (0.98) | &nbsp;&nbsp;&nbsp; (0.07)  |
| Net realized gains |  | &nbsp;&nbsp; (0.23) | &nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; —  |
| Return of capital | (0.21) | &nbsp;&nbsp; (0.95) | &nbsp;&nbsp; (0.91) | (0.65) | &nbsp;&nbsp;&nbsp; (0.18)  |
| **Total distributions** | (1.21) | &nbsp;&nbsp; (1.97) | &nbsp;&nbsp; (1.69) | (1.63) | &nbsp;&nbsp;&nbsp; (0.25)  |
| ETF transaction fees per share |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 0.01 | &nbsp;&nbsp;&nbsp; —  |
| **Net asset value, end of period** | $40.37 | &nbsp;&nbsp; $37.24 | &nbsp;&nbsp; $30.71 | $26.16 | &nbsp;&nbsp;&nbsp; $24.24  |
| Total return<sup>(d)</sup> | 11.75% | &nbsp;&nbsp; 28.63% | &nbsp;&nbsp; 24.20% | 14.59% | &nbsp;&nbsp;&nbsp; -2.14%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |
| Net assets, end of period (in thousands) | $1026488 | &nbsp;&nbsp; $444991 | &nbsp;&nbsp; $139135 | $41854 | &nbsp;&nbsp;&nbsp; $1818  |
|  Ratio of expenses to average net assets<sup>(e)(f)</sup> | 0.65%<sup>(g)</sup> | &nbsp;&nbsp; 0.65%<sup>(g)</sup> | &nbsp;&nbsp; 0.65% | 0.65% | &nbsp;&nbsp;&nbsp; 0.65%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | 1.66% | &nbsp;&nbsp; 1.87% | &nbsp;&nbsp; 2.90% | 3.78% | &nbsp;&nbsp;&nbsp; 2.40%  |
| Portfolio turnover rate<sup>(d)(h)</sup> | 60% | &nbsp;&nbsp; 132% | &nbsp;&nbsp; 104% | 83% | &nbsp;&nbsp;&nbsp; 12% |

---

<sup>(a)</sup> Inception date of the Fund was September 7, 2022.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> This ratio includes expense reimbursement / recoupment that represents less than 0.005% of average net assets.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY CYBERSECURITY ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $86.82 | $68.35 | $51.59 | $43.38 | $60.97 | $46.56  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.03 | 0.07 | 0.13 | 0.09 | 0.06 | 0.20  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (11.85) | 18.45 | 16.76 | 8.22 | (17.59) | 14.39  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (11.82) | 18.52 | 16.89 | 8.31 | (17.53) | 14.59  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.06) | (0.05) | (0.13) | (0.10) | (0.06) | (0.18)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.06) | (0.05) | (0.13) | (0.10) | (0.06) | (0.18)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp; — | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> |  |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $74.94 | $86.82 | $68.35 | $51.59 | $43.38 | $60.97  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -13.62% | 27.12% | 32.78% | 19.18% | -28.77% | 31.34%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $1881087 | $2322555 | $1746407 | $1423792 | $1431515 | $2307648  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | 0.60%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.08% | 0.08% | 0.22% | 0.20% | 0.11% | 0.35%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 21% | 25% | 71% | 16% | 51% | 34% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY DIGITAL PAYMENTS ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $57.22 | $52.34 | $39.23 | $37.85 | $67.82 | $54.30  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; (0.01) | (0.07) | (0.02) | 0.02 | (0.04) | (0.13)  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (14.13) | 5.39 | 13.18 | 1.36 | (29.93) | 13.65  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (14.14) | 5.32 | 13.16 | 1.38 | (29.97) | 13.52  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.41) | (0.44) | (0.05) |  |  | —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.41) | (0.44) | (0.05) |  |  | —  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $42.67 | $57.22 | $52.34 | $39.23 | $37.85 | $67.82  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -24.85% | 10.16% | 33.55% | 3.64% | -44.18% | 24.91%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $162134 | $260363 | $298326 | $357015 | $507208 | $1193637  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp; (0.03)% | (0.12)% | (0.04)% | 0.06% | (0.09)% | (0.20)%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 22% | 29% | 47% | 23% | 35% | 27% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ENERGY & NATURAL RESOURCES COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended** <br>**October 31,** <br>**2023** | **Period Ended** <br>**October 31,** <br>**2022<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $28.60 | &nbsp;&nbsp;&nbsp; $28.59 | &nbsp;&nbsp;&nbsp; $26.08 | &nbsp;&nbsp; $25.01 | &nbsp;&nbsp;&nbsp; $25.79  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;1.16 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.18  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;2.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.34 | &nbsp;&nbsp;&nbsp; (0.76)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;8.38 | &nbsp;&nbsp;&nbsp;&nbsp;1.56 | &nbsp;&nbsp;&nbsp;&nbsp;4.07 | &nbsp;&nbsp;&nbsp;&nbsp;2.99 | &nbsp;&nbsp;&nbsp; (0.58)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (1.10) | &nbsp;&nbsp;&nbsp; (0.75) | &nbsp;&nbsp;&nbsp; (1.12) | &nbsp;&nbsp; (1.42) | &nbsp;&nbsp;&nbsp; (0.18)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| Return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.74) | &nbsp;&nbsp;&nbsp; (0.44) | &nbsp;&nbsp; (0.50) | &nbsp;&nbsp;&nbsp; (0.02)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.10) | &nbsp;&nbsp;&nbsp; (1.55) | &nbsp;&nbsp;&nbsp; (1.56) | &nbsp;&nbsp; (1.92) | &nbsp;&nbsp;&nbsp; (0.20)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $35.88 | &nbsp;&nbsp;&nbsp; $28.60 | &nbsp;&nbsp;&nbsp; $28.59 | &nbsp;&nbsp; $26.08 | &nbsp;&nbsp;&nbsp; $25.01  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 29.97% | &nbsp;&nbsp;&nbsp; 5.67% | &nbsp;&nbsp;&nbsp; 15.83% | &nbsp;&nbsp; 12.34% | &nbsp;&nbsp;&nbsp; -2.16%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $26912 | &nbsp;&nbsp;&nbsp; $10726 | &nbsp;&nbsp;&nbsp; $14294 | &nbsp;&nbsp; $9128 | &nbsp;&nbsp;&nbsp; $1876  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp; 0.59%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 4.07% | &nbsp;&nbsp;&nbsp; 4.08% | &nbsp;&nbsp;&nbsp; 4.35% | &nbsp;&nbsp; 6.34% | &nbsp;&nbsp;&nbsp; 3.94%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 45% | &nbsp;&nbsp;&nbsp; 134% | &nbsp;&nbsp;&nbsp; 106% | &nbsp;&nbsp; 135% | &nbsp;&nbsp;&nbsp; 31% |

---

<sup>(a)</sup> Inception date of the Fund was August 23, 2022.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETHEREUM 3% MONTHLY OPTION INCOME ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.16  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (12.09)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (11.93)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (1.67)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; (0.51)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (2.18)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $10.89  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -49.20%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $2614  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.97%  |
| Ratio of dividends, interest and borrowing expense on securities sold short to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.22%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.33%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 21% |

---

<sup>(a)</sup> Inception date of the Fund was October 8, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETHEREUM MAX INCOME COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.20  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (11.62)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (11.42)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (2.32)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; (0.73)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (3.05)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $10.53  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -47.83%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $3579  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.86%  |
| &nbsp;&nbsp;&nbsp; Ratio of dividends, interest and borrowing expense on securities sold short to average net <br>assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.11%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.03%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; —% |

---

<sup>(a)</sup> Inception date of the Fund was October 8, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $63.68 | $59.93 | $50.01 | $46.15 | $59.36 | $44.18  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.24 | 0.52 | 0.63 | 0.63 | 0.52 | 0.47  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2.77 | 3.38 | 9.99 | 3.87 | (13.26) | 15.17  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;3.01 | 3.90 | 10.62 | 4.50 | (12.74) | 15.64  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.56) | (0.15) | (0.67) | (0.64) | (0.47) | (0.46)  |
| Return of capital | &nbsp;&nbsp;&nbsp; — |  | (0.03) |  |  | —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.56) | (0.15) | (0.70) | (0.64) | (0.47) | (0.46)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $66.13 | $63.68 | $59.93 | $50.01 | $46.15 | $59.36  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 4.72% | 6.52% | 21.33% | 9.74% | -21.58% | 35.48%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $155399 | $156025 | $188779 | $172521 | $147670 | $178070  |
| Ratio of expenses to average net assets<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 0.45% | 0.45% | 0.45% | 0.45% | 0.45% | 0.45%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 0.72% | 0.88% | 1.15% | 1.22% | 0.92% | 0.83%  |
| Portfolio turnover rate<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; 4% | 29% | 78% | 50% | 30% | 45% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY HACK CYBERSECURITY COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment loss<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.01)  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (1.26)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (1.27)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.71)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.71)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $23.02  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -5.01%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $1841  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.71%  |
| &nbsp;&nbsp;&nbsp; Ratio of dividends, interest and borrowing expense on securities sold short to average net <br>assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.06%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.65%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.31)%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 16% |

---

<sup>(a)</sup> Inception date of the Fund was January 20, 2026.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY JUNIOR SILVER MINERS ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp; $23.11 | $12.87 | $8.45 | $9.11 | $11.82 | $13.79  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp; (0.07) | 0.01 | (0.01) | (0.02) | 0.01 | (0.01)  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7.15 | 10.95 | 4.43 | (0.63) | (2.68) | (1.76)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;7.08 | 10.96 | 4.42 | (0.65) | (2.67) | (1.77)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp; (0.55) | (0.72) |  | (0.01) | (0.04) | (0.20)  |
| **Total distributions** | &nbsp;&nbsp; (0.55) | (0.72) |  | (0.01) | (0.04) | (0.20)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> |  | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp; $29.64 | $23.11 | $12.87 | $8.45 | $9.11 | $11.82  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp; 30.83% | 92.77% | 52.30% | -7.23% | -22.63% | -13.06%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp; $4027867 | $2651344 | $1044021 | $580398 | $606358 | $727987  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp; 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp; (0.50)% | 0.06% | (0.09)% | (0.16)% | 0.12% | (0.10)%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp; 19% | 47% | 56% | 80% | 34% | 26% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $12.89 | &nbsp;&nbsp;&nbsp;&nbsp; $9.76 | &nbsp;&nbsp;&nbsp;&nbsp; $9.84 | $12.58 | $19.59 | $10.83  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;0.22 | 0.25 | 0.49 | 0.27  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1.97 | &nbsp;&nbsp;&nbsp;&nbsp;3.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | (2.51) | (7.08) | 8.50  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;2.01 | &nbsp;&nbsp;&nbsp;&nbsp;3.41 | &nbsp;&nbsp;&nbsp;&nbsp;0.26 | (2.26) | (6.59) | 8.77  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.26) | &nbsp;&nbsp;&nbsp;&nbsp; (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.34) | (0.48) | (0.42) | (0.03)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.26) | &nbsp;&nbsp;&nbsp;&nbsp; (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; (0.34) | (0.48) | (0.42) | (0.03)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.02  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $14.64 | &nbsp;&nbsp;&nbsp;&nbsp; $12.89 | &nbsp;&nbsp;&nbsp;&nbsp; $9.76 | $9.84 | $12.58 | $19.59  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 15.64% | &nbsp;&nbsp;&nbsp;&nbsp; 36.18% | &nbsp;&nbsp;&nbsp;&nbsp; 2.38% | -18.52% | -34.28% | 81.32%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $108303 | &nbsp;&nbsp;&nbsp;&nbsp; $78627 | &nbsp;&nbsp;&nbsp;&nbsp; $78568 | $110702 | $159791 | $234137  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | 0.59% | 0.59% | 0.59%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.58% | &nbsp;&nbsp;&nbsp;&nbsp; 1.58% | &nbsp;&nbsp;&nbsp;&nbsp; 2.60% | 1.98% | 3.05% | 1.57%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 33% | &nbsp;&nbsp;&nbsp;&nbsp; 73% | &nbsp;&nbsp;&nbsp;&nbsp; 69% | 42% | 42% | 51% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY MUNICIPAL CEF HIGH INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $19.94  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.11  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.64)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (0.53)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $19.41  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -2.65%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $388  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.50%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 9.90%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; —% |

---

<sup>(a)</sup> Inception date of the Fund was March 9, 2026.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY ONLINE RETAIL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $76.36 | &nbsp;&nbsp; $61.16 | &nbsp;&nbsp; $41.53 | $40.08 | $110.70 | $88.69  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.06 | &nbsp;&nbsp; (0.00)<sup>(b)</sup> | (0.06) | 0.37 | (0.07)  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (13.98) | &nbsp;&nbsp;&nbsp;&nbsp;15.14 | &nbsp;&nbsp;&nbsp;&nbsp;19.63 | 1.51 | (70.99) | 22.70  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp; (13.96) | &nbsp;&nbsp;&nbsp;&nbsp;15.20 | &nbsp;&nbsp;&nbsp;&nbsp;19.63 | 1.45 | (70.62) | 22.63  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.08) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |  |  | (0.62)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.08) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |  |  | (0.62)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> |  |  | 0.00<sup>(b)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $62.32 | &nbsp;&nbsp; $76.36 | &nbsp;&nbsp; $61.16 | $41.53 | $40.08 | $110.70  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; -18.30% | &nbsp;&nbsp; 24.84% | &nbsp;&nbsp; 47.28% | 3.62% | -63.80% | 25.49%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $109054 | &nbsp;&nbsp; $160346 | &nbsp;&nbsp; $159024 | $155741 | $186360 | $896682  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp; 0.65% | &nbsp;&nbsp; 0.65% | 0.65% | 0.65% | 0.65%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.06% | &nbsp;&nbsp; 0.09% | &nbsp;&nbsp; (0.01)% | (0.13)% | 0.56% | (0.06)%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; 20% | &nbsp;&nbsp; 34% | &nbsp;&nbsp; 38% | 62% | 57% | 61% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Amount represents less than $0.005 per share.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SAMSUNG SOFR ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $100.13 | &nbsp;&nbsp; $100.19 | &nbsp;&nbsp; $100.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | 4.33 | 4.60  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.01) | &nbsp;&nbsp; — | 0.01  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;1.85 | 4.33 | 4.61  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (1.90) | &nbsp;&nbsp; (4.32) | &nbsp;&nbsp; (4.46)  |
| Return of capital | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (0.09) | &nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.90) | &nbsp;&nbsp; (4.41) | &nbsp;&nbsp; (4.46)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.01 | 0.02 | 0.04  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $100.09 | &nbsp;&nbsp; $100.13 | &nbsp;&nbsp; $100.19  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.88% | &nbsp;&nbsp; 4.43% | &nbsp;&nbsp; 4.73%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $413379 | &nbsp;&nbsp; $275351 | &nbsp;&nbsp; $242460  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp; 0.20% | &nbsp;&nbsp; 0.20%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 3.72% | &nbsp;&nbsp; 4.31% | &nbsp;&nbsp; 5.26%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% |

---

<sup>(a)</sup> Inception date of the Fund was November 14, 2023.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $27.89 | &nbsp;&nbsp;&nbsp;&nbsp; $24.98  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;0.18  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5.38 | &nbsp;&nbsp;&nbsp;&nbsp;2.93  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;5.60 | &nbsp;&nbsp;&nbsp;&nbsp;3.11  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.21) | &nbsp;&nbsp;&nbsp;&nbsp; (0.20)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.00)<sup>(d)</sup>  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.21) | &nbsp;&nbsp;&nbsp;&nbsp; (0.20)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $33.28 | &nbsp;&nbsp;&nbsp;&nbsp; $27.89  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 20.16% | &nbsp;&nbsp;&nbsp;&nbsp; 12.45%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $5658 | &nbsp;&nbsp;&nbsp;&nbsp; $3905  |
| Ratio of expenses to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.51% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93%  |
| Portfolio turnover rate<sup>(e)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2% | &nbsp;&nbsp;&nbsp;&nbsp; 4% |

---

<sup>(a)</sup> Inception date of the Fund was May 19, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Amount represents less than $0.005 per share.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SEYMOUR CANNABIS ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **Year Ended October 31,**  | **Year Ended October 31,**  | **Year Ended October 31,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024**  | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $29.57 | &nbsp;&nbsp;&nbsp; $53.76 | &nbsp;&nbsp;&nbsp;&nbsp; $43.92 | $82.20 | $208.44 | $141.72  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 0.72 | 0.00<sup>(b)</sup> | 0.12  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (7.94) | &nbsp;&nbsp;&nbsp; (23.86) | &nbsp;&nbsp;&nbsp;&nbsp;9.12 | (39.00) | (126.24) | 67.80  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (7.52) | &nbsp;&nbsp;&nbsp; (23.30) | &nbsp;&nbsp;&nbsp;&nbsp;9.84 | (38.28) | (126.24) | 67.92  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.89) | &nbsp;&nbsp;&nbsp;&nbsp; — |  | (0.00)<sup>(b)</sup> | (1.20)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.89) | &nbsp;&nbsp;&nbsp;&nbsp; — |  | (0.00)<sup>(b)</sup> | (1.20)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> |  |  | —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $22.05 | &nbsp;&nbsp;&nbsp; $29.57 | &nbsp;&nbsp;&nbsp;&nbsp; $53.76 | $43.92 | $82.20 | $208.44  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -25.42% | &nbsp;&nbsp;&nbsp; -18.97% | &nbsp;&nbsp;&nbsp;&nbsp; 22.42% | -46.60% | -60.58% | 47.93%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $72497 | &nbsp;&nbsp;&nbsp; $113469 | &nbsp;&nbsp;&nbsp;&nbsp; $27978 | $23591 | $42451 | $103361  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Before expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; 1.33% | 1.43% | 1.08% | 0.97%  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After expense reimbursement/<br>recoupment<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.22% | &nbsp;&nbsp;&nbsp; 2.63% | &nbsp;&nbsp;&nbsp;&nbsp; 1.33% | 1.27% | 0.05% | 0.05%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; 2% | 46% | 27% | 124% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Amount represents less than $0.005 per share.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SILJ JUNIOR SILVER MINERS COVERED CALL ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $29.35 | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7.45 | &nbsp;&nbsp;&nbsp;&nbsp;4.82  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;7.61 | &nbsp;&nbsp;&nbsp;&nbsp;4.83  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (2.78) | &nbsp;&nbsp;&nbsp;&nbsp; (0.00)<sup>(d)</sup>  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.07)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (0.78) | &nbsp;&nbsp;&nbsp;&nbsp; (0.41)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (3.56) | &nbsp;&nbsp;&nbsp;&nbsp; (0.48)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $33.44 | &nbsp;&nbsp;&nbsp;&nbsp; $29.35  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 26.38% | &nbsp;&nbsp;&nbsp;&nbsp; 19.33%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $35115 | &nbsp;&nbsp;&nbsp;&nbsp; $8071  |
| Ratio of expenses to average net assets:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.67%  |
|  Ratio of dividends, interest and borrowing expense on securities sold short to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.04% | &nbsp;&nbsp;&nbsp;&nbsp; 0.04%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.63%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.31%  |
| Portfolio turnover rate<sup>(e)(h)</sup> | &nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; 11% |

---

<sup>(a)</sup> Inception date of the Fund was August 18, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Amount represents less than $0.005 per share.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SMALL-MID CAP EQUITY ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $24.97 | &nbsp;&nbsp;&nbsp;&nbsp; $24.81  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.10  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.49) | &nbsp;&nbsp;&nbsp;&nbsp;0.18  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (0.43) | &nbsp;&nbsp;&nbsp;&nbsp;0.28  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.10)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (0.02)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp; (0.12)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $24.48 | &nbsp;&nbsp;&nbsp;&nbsp; $24.97  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -1.72% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $1224 | &nbsp;&nbsp;&nbsp;&nbsp; $1248  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% | &nbsp;&nbsp;&nbsp;&nbsp; 0.60%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.51% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; 40% |

---

<sup>(a)</sup> Inception date of the Fund was October 22, 2024.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY SOLANA 3% MONTHLY OPTION INCOME ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.12  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (11.81)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (11.69)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (1.84)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; (0.60)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (2.44)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $10.87  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -49.41%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $1304  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.76%  |
|  Ratio of dividends, interest and borrowing expense on securities sold short to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.01%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.89%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 26% |

---

<sup>(a)</sup> Inception date of the Fund was November 3, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY STABLECOIN TECHNOLOGY ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.83  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup>  |
| Net realized and unrealized gain (loss) on investments<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (5.75)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (5.75)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $20.08  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -22.26%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $1205  |
| Ratio of expenses to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.69%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.01%  |
| Portfolio turnover rate<sup>(e)(h)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 49% |

---

<sup>(a)</sup> Inception date of the Fund was December 22, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> 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 periods.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY TLT U.S. TREASURY 12% OPTION INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $22.60 | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.84  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.29) | &nbsp;&nbsp;&nbsp; (0.67)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.17  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (1.03) | &nbsp;&nbsp;&nbsp; (1.16)  |
| Return of capital | &nbsp;&nbsp;&nbsp; (0.34) | &nbsp;&nbsp;&nbsp; (1.41)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (1.37) | &nbsp;&nbsp;&nbsp; (2.57)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $21.39 | &nbsp;&nbsp;&nbsp; $22.60  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp; 0.93%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $29095 | &nbsp;&nbsp;&nbsp; $11528  |
| Ratio of expenses to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 0.30% | &nbsp;&nbsp;&nbsp; 0.30%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp; 4.04% | &nbsp;&nbsp;&nbsp; 3.97%  |
| Portfolio turnover rate<sup>(e)(h)</sup> | &nbsp;&nbsp;&nbsp; 10% | &nbsp;&nbsp;&nbsp; 92% |

---

<sup>(a)</sup> Inception date of the Fund was October 28, 2024.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Amount represents less than $0.005 per share.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY TOKENIZATION TECHNOLOGY ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.42  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.03  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (3.64)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (3.61)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $21.81  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -14.19%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $654  |
| Ratio of expenses to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.69%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.51%  |
| Portfolio turnover rate<sup>(e)(h)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 22% |

---

<sup>(a)</sup> Inception date of the Fund was December 22, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Amount represents less than $0.005 per share.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(h)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY TRAVEL TECH ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $22.32 | $20.49 | $16.90 | $15.86 | $28.37 | $18.88  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.02) | (0.03) | 0.06 | (0.08) | (0.10) | (0.13)  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (6.30) | 1.85 | 3.59 | 1.12 | (12.42) | 9.60  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (6.32) | 1.82 | 3.65 | 1.04 | (12.52) | 9.47  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; — |  | (0.06) |  |  | (0.01)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; — |  | (0.00)<sup>(c)</sup> |  |  | —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; — |  | (0.06) |  |  | (0.01)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.01 | 0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.01 | 0.03  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $16.00 | $22.32 | $20.49 | $16.90 | $15.86 | $28.37  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -28.34% | 8.97% | 21.59% | 6.54% | -44.08% | 50.35%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $23995 | $41298 | $65553 | $103929 | $146718 | $321957  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.76% | 0.75%  |
|  Ratio of dividends, interest and borrowing expense on securities sold short to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; —% | —% | —% | —% | 0.01% | —%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% | (0.15)% | 0.31% | (0.49)% | (0.47)% | (0.43)%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 32% | 41% | 33% | 48% | 40% | 57% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY VIDEO GAME LEADERS ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $97.31 | $67.09 | $53.56 | $51.00 | $83.69 | $67.61  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.03) | 0.54 | 0.06 | 0.17 | 0.25 | 0.74  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (22.57) | 30.06 | 13.50 | 2.38 | (30.82) | 15.96  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (22.60) | 30.60 | 13.56 | 2.55 | (30.57) | 16.70  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.47) | (0.38) | (0.05) |  | (2.14) | (0.72)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.47) | (0.38) | (0.05) |  | (2.14) | (0.72)  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup> | 0.00<sup>(c)</sup> | 0.02 | 0.01 | 0.02 | 0.10  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $74.24 | $97.31 | $67.09 | $53.56 | $51.00 | $83.69  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -23.31% | 45.88% | 25.36% | 5.01% | -37.58% | 24.91%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $34892 | $50599 | $40252 | $42844 | $51001 | $100427  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | 0.64% | 0.75% | 0.75% | 0.75% | 0.75%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.06)% | 0.72% | 0.11% | 0.29% | 0.33% | 0.87%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 37% | 122% | 52% | 44% | 53% | 89% |

---

<sup>(a)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> 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 periods.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY WEIGHT LOSS DRUG & TREATMENT ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025** | **Period Ended** <br>**September 30,** <br>**2024<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $23.47 | &nbsp;&nbsp;&nbsp; $26.75 | &nbsp;&nbsp;&nbsp;&nbsp; $25.21  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.08  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1.09 | &nbsp;&nbsp;&nbsp; (3.33) | &nbsp;&nbsp;&nbsp;&nbsp;1.46  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;1.36 | &nbsp;&nbsp;&nbsp; (3.06) | &nbsp;&nbsp;&nbsp;&nbsp;1.54  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.41) | &nbsp;&nbsp;&nbsp; (0.08) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| Net realized gains | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.14) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.41) | &nbsp;&nbsp;&nbsp; (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| ETF transaction fees per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(d)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $24.42 | &nbsp;&nbsp;&nbsp; $23.47 | &nbsp;&nbsp;&nbsp;&nbsp; $26.75  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.73% | &nbsp;&nbsp;&nbsp; -11.39% | &nbsp;&nbsp;&nbsp;&nbsp; 6.09%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $4151 | &nbsp;&nbsp;&nbsp; $3051 | &nbsp;&nbsp;&nbsp;&nbsp; $4814  |
| Ratio of expenses to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.12% | &nbsp;&nbsp;&nbsp; 1.16% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83%  |
| Portfolio turnover rate<sup>(e)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; 36% |

---

<sup>(a)</sup> Inception date of the Fund was May 20, 2024.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the periods.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Amount represents less than $0.005 per share.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

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**AMPLIFY XRP 3% MONTHLY OPTION INCOME ETF (CONSOLIDATED)** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**March 31, 2026<sup>(a)</sup>** <br>(Unaudited)  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.14  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (8.97)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (8.83)  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (1.87)  |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp; (0.34)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (2.21)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $13.96  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; -36.88%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $8793  |
| Ratio of expenses to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.07%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0%<sup>(h)</sup> |

---

<sup>(a)</sup> Inception date of the Fund was November 17, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> 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 periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Ratios do not include the expenses of the underlying investment companies in which the Fund invests.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

<sup>(h)</sup> Amount represents less than 0.5%. 

The accompanying notes are an integral part of these financial statements.

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026** 

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"), the Nasdaq Stock Market LLC ("Nasdaq"), and the Cboe BZX Exchange, Inc. ("Cboe") (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.

Amplify CEF High Income ETF and Amplify Municipal CEF High Income ETF (the "Fund's") are an exchange-traded fund registered under the Investment Company Act of 1940. The Fund's operates in a manner commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds included in the Nasdaq CEF High Income™ Index and Nasdaq Municipal Bond CEF High Income™ Index, respectively.

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 year, if any, are disclosed in the Statements of Changes in Net Assets.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund Name** | **Ticker** | **Commencement of** <br>**Operations** | **Diversification** | **Exchange** | **Transaction** <br>**Fees** | **Creation** <br>**Unit Size**  |
| Amplify AI Powered Equity ETF | AIEQ  | October 17, 2017 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
| Amplify Alternative Harvest ETF | MJ  | December 3, 2015 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| &nbsp;&nbsp;&nbsp; Amplify Bitcoin 2% Monthly Option Income <br>ETF | BITY  | April 28, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Bitcoin Max Income Covered Call ETF | BAGY  | April 28, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| &nbsp;&nbsp;&nbsp; Amplify BlackSwan Growth & Treasury Core <br>ETF | SWAN  | November 5, 2018 | Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify BlackSwan ISWN ETF | ISWN  | January 25, 2021 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
| Amplify Blockchain Technology ETF | BLOK  | January 16, 2018 | Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Bloomberg AI Value Chain ETF | AIVC  | March 8, 2016 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify BlueStar Israel Technology ETF | ITEQ  | November 2, 2015 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Cash Flow Dividend Leaders ETF | COWS  | September 12, 2023 | Non-Diversified | Nasdaq | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify CEF High Income ETF | YYY  | June 11, 2012 | Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify COWS Covered Call ETF | HCOW  | September 19, 2023 | Non-Diversified | Nasdaq | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 30000  |
| Amplify CWP Enhanced Dividend Income ETF | DIVO  | December 13, 2016 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify CWP Growth & Income ETF | QDVO  | August 21, 2024 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund Name** | **Ticker** | **Commencement of** <br>**Operations** | **Diversification** | **Exchange** | **Transaction** <br>**Fees** | **Creation** <br>**Unit Size**  |
|  Amplify CWP International Enhanced Dividend Income ETF | IDVO  | September 7, 2022 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
| Amplify Cybersecurity ETF | HACK  | November 11, 2014 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Digital Payments ETF | IPAY  | July 15, 2015 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 50000  |
|  Amplify Energy & Natural Resources Covered Call ETF | NDIV  | August 23, 2022 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
|  Amplify Ethereum 3% Monthly Option Income ETF | ETTY  | October 8, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| &nbsp;&nbsp;&nbsp; Amplify Ethereum Max Income Covered Call <br>ETF | EHY  | October 8, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Etho Climate Leadership U.S. ETF | ETHO  | November 18, 2015 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 750  | 50000  |
| &nbsp;&nbsp;&nbsp; Amplify HACK Cybersecurity Covered Call <br>ETF | HAKY  | January 20, 2026 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 30000  |
| Amplify Junior Silver Miners ETF | SILJ  | November 28, 2012 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Lithium & Battery Technology ETF | BATT  | June 4, 2018 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 1000  | 50000  |
| Amplify Municipal CEF High Income ETF | YYYM  | March 9, 2026 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Online Retail ETF | IBUY  | April 19, 2016 | Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Samsung SOFR ETF | SOFR  | November 14, 2023 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
|  Amplify Samsung U.S. Natural Gas Infrastructure ETF | USNG  | May 19, 2025 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Seymour Cannabis ETF | CNBS  | July 22, 2019 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
|  Amplify SILJ Junior Silver Miners Covered Call ETF | SLJY  | August 18, 2025 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
| Amplify Small-Mid Cap Equity ETF | SMAP  | October 22, 2024 | Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 25000  |
| &nbsp;&nbsp;&nbsp; Amplify Solana 3% Monthly Option Income <br>ETF | SOLM  | November 3, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Stablecoin Technology ETF | STBQ  | December 22, 2025 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
|  Amplify TLT U.S. Treasury 12% Option Income ETF | TLTP  | October 28, 2024 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify Tokenization Technology ETF | TKNQ  | December 22, 2025 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 10000  |
| Amplify Travel Tech ETF | AWAY  | February 12, 2020 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 500  | 50000  |
| Amplify Video Game Leaders ETF | GAMR  | March 8, 2016 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 750  | 10000  |
| Amplify Weight Loss Drug & Treatment ETF | THNR  | May 20, 2024 | Non-Diversified | NYSE | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000  |
| Amplify XRP 3% Monthly Option Income ETF | XRPM  | November 17, 2025 | Non-Diversified | Cboe | &nbsp;&nbsp;&nbsp;&nbsp; 300  | 10000 |

---

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.

---

| | |
|:---|:---|
| **Ticker** | **Index**  |
| AIEQ  | AI Powered Equity Index  |
| MJ  | Prime Alternative Harvest Index  |
| SWAN  | S-Network BlackSwan Core Index  |
| ISWN  | S-Network International BlackSwan Index  |
| AIVC  | Bloomberg AI Value Chain Index  |
| ITEQ  | BlueStar Israel Global Technology Index<sup>™</sup>  |
| COWS  | Kelly US Cash Flow Dividend Leaders Index  |
| YYY  | Nasdaq CEF High Income™ Index  |
| HACK  | Nasdaq ISE Cyber Security Select Index  |
| IPAY  | Nasdaq CTA Global Digital Payments Index  |
| NDIV  | VettaFi Energy and Natural Resources Covered Call Index  |
| ETHO  | Etho Climate Leadership Index  |
| SILJ  | Nasdaq Junior Silver Miners<sup>™</sup> Index  |
| BATT  | EQM Lithium & Battery Technology Index  |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | |
|:---|:---|
| **Ticker** | **Index**  |
| YYYM  | Nasdaq Municipal Bond CEF High Income™ Index  |
| IBUY  | EQM Online Retail Index  |
| STBQ  | MarketVector™ Stablecoin Technology Index  |
| TLTP  | Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index  |
| TKNQ  | MarketVector™ Tokenization Technology Index  |
| AWAY  | Prime Travel Technology Index  |
| GAMR  | VettaFi Video Game Leaders 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 QDVO is to provide capital appreciation as its primary objective and to provide high current income as its secondary objective. The investment objective of SMAP is to provide capital appreciation. The investment objective of BITY is to balance high income and capital appreciation through investment exposure to the price return of bitcoin and a covered call strategy. The investment objective of BAGY is to maximize current income through a covered call strategy tied to the investment exposure to the price return of bitcoin. The investment objective of USNG is to provide investors with long-term capital appreciation. The investment objective of SLJY is to balance high income and capital appreciation through investment exposure to junior silver mining companies and a covered call strategy. The investment objective of ETTY is to balance high income and capital appreciation through investment exposure to the price return of ether and a covered call strategy. The investment objective of EHY is to maximize current income through a covered call strategy tied to the investment exposure to the price return of Ether. The investment objective of SOLM is to balance high income and capital appreciation through investment exposure to the price return of SOL and a covered call strategy. The investment objective of XRPM is to balance high income and capital appreciation through investment exposure to the price return of XRP and a covered call strategy. The investment objective of HAKY is to balance high income and capital appreciation through investment exposure to cybersecurity companies and a covered call strategy.

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").

**CONSOLIDATION OF SUBSIDIARY – BITY, BLOK, ETTY, SOLM, STBQ, TKNQ, and XRPM's portfolio managers expect to obtain commodities exposure primarily through investments in commodity futures contracts, spot ETF's, or a combination of the two, via wholly owned subsidiaries. Each subsidiary, which is organized under the laws of the Cayman Islands, is designed to enhance the Fund's ability to obtain exposure to the commodities markets consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. Each Fund is the sole shareholder of its respective Subsidiary, which will not be sold or offered to other investors. Each Subsidiary is overseen by its own board of directors. A Fund's investment in its respective Subsidiary may not exceed 25% of the Fund's total assets at each quarter-end of the Fund's fiscal year end. The consolidated financial statements of each Fund include the financial statements of the Subsidiary. Each Fund consolidates the results of subsidiaries in which the Fund** 

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**March 31, 2026(Continued)** 

holds a controlling financial interest. All inter-company accounts and transactions have been eliminated. As of the end of the reporting period, the net assets of each Subsidiary and the percentage of Fund's net assets they represent were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Subsidiary** | **Net Assets of** <br>**Subsidary** | **Percentage of** <br>**Fund's net** <br>**assets**  |
| BITY | Amplify Bitcoin 24% Premium Income (Cayman) Ltd | $2653900  | &nbsp;&nbsp;&nbsp;&nbsp; 23.37%  |
| BLOK | Amplify Blockchain Technology (Cayman) Ltd | 69137692  | &nbsp;&nbsp;&nbsp;&nbsp; 7.47%  |
| ETTY | Amplify Ethereum 3% Monthly Option Income (Cayman) Ltd | 619111  | &nbsp;&nbsp;&nbsp;&nbsp; 23.69%  |
| SOLM | Amplify Solana 3% Monthly Option Income (Cayman) Ltd | 308958  | &nbsp;&nbsp;&nbsp;&nbsp; 23.70%  |
| STBQ | Amplify Stablecoin Technology (Cayman) Ltd | 272040  | &nbsp;&nbsp;&nbsp;&nbsp; 22.58%  |
| TKNQ | Amplify Tokenization Technology (Cayman) Ltd | 145276  | &nbsp;&nbsp;&nbsp;&nbsp; 22.20%  |
| XRPM | Amplify XRP 3% Monthly Option Income (Cayman) Ltd | 1760330  | &nbsp;&nbsp;&nbsp;&nbsp; 20.02% |

---

**SECURITY VALUATION – In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following describes the levels of the fair value hierarchy:** 

Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;

Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The valuation techniques used by the Funds to measure fair value for the period ended March 31, 2026 maximized the use of observable inputs and minimized the use of unobservable inputs.

For the period ended March 31, 2026, 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 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

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**March 31, 2026(Continued)** 

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 March 31, 2026:

**AIEQ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $107292605 | $— | $— | $107292605  |
| &nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 1821477 |  |  | 1821477  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 261165 |  |  | 261165  |
| **Total Investments** | $109375247 | $— | $— | $109375247 |

---

**MJ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $58399943 | $— | $— | $58399943  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 56761970 |  |  | 56761970  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 30257337 |  |  | 30257337  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 388648 |  |  | 388648  |
| **Total Investments** | $145807898 | $— | $— | $145807898 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**BITY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $2653900 | $— | $— | $2653900  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 1275437 |  | 1275437  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 4021289 |  | 4021289  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 20107 |  |  | 20107  |
| **Total Investments** | $2674007 | $5296726 | $— | $7970733  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(1184375) | $— | $(1184375)  |
| **Total Investments** | $— | $(1184375) | $— | $(1184375) |

---

**BAGY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Purchased Options | $— | $1643260 | $— | $1643260  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 3015967 |  | 3015967  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 2214944 |  |  | 2214944  |
| **Total Investments** | $2214944 | $4659227 | $— | $6874171  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(1529376) | $— | $(1529376)  |
| **Total Investments** | $— | $(1529376) | $— | $(1529376) |

---

**SWAN** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Securities | $— | $317537608 | $— | $317537608  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 33264091 |  | 33264091  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 850000 |  |  | 850000  |
| **Total Investments** | $850000 | $350801699 | $— | $351651699 |

---

**ISWN** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Securities | $— | $29170404 | $— | $29170404  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 4215783 |  | 4215783  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 50428 |  |  | 50428  |
| **Total Investments** | $50428 | $33386187 | $— | $33436615 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**BLOK** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $839335857 | $— | $— | $839335857  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | 68778608 |  |  | 68778608  |
| &nbsp;&nbsp;&nbsp; Warrants | 269112 |  |  | 269112  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 68431144 |  |  | 68431144  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 16309065 |  |  | 16309065  |
| **Total Investments** | $993123786 | $— | $— | $993123786 |

---

**AIVC** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $34010798 | $— | $— | $34010798  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 78827 |  |  | 78827  |
| **Total Investments** | $34089625 | $— | $— | $34089625 |

---

**ITEQ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $105801161 | $— | $— | $105801161  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 11688918 |  |  | 11688918  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 147481 |  |  | 147481  |
| **Total Investments** | $117637560 | $— | $— | $117637560 |

---

**COWS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $30226272 | $— | $— | $30226272  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 132553 |  |  | 132553  |
| **Total Investments** | $30358825 | $— | $— | $30358825 |

---

**YYY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | $660186659 | $— | $— | $660186659  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 6767612 |  |  | 6767612  |
| **Total Investments** | $666954271 | $— | $— | $666954271 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**HCOW** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $13944100 | $— | $— | $13944100  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 605749 |  |  | 605749  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 62376 |  |  | 62376  |
| **Total Investments** | $14612225 | $— | $— | $14612225  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(93122) | $— | $(93122)  |
| **Total Investments** | $— | $(93122) | $— | $(93122) |

---

**DIVO** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $6170623856 | $— | $— | $6170623856  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 290909508 |  |  | 290909508  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 146500365 |  |  | 146500365  |
| **Total Investments** | $6608033729 | $— | $— | $6608033729  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(5385500) | $— | $(5385500)  |
| **Total Investments** | $— | $(5385500) | $— | $(5385500) |

---

**QDVO** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $563929884 | $— | $— | $563929884  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 15791564 |  |  | 15791564  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 20694464 |  |  | 20694464  |
| **Total Investments** | $600415912 | $— | $— | $600415912  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(6509720) | $— | $(6509720)  |
| **Total Investments** | $— | $(6509720) | $— | $(6509720) |

---

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**IDVO** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $980948994 | $— | $— | $980948994  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 20621558 |  |  | 20621558  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 103522789 |  |  | 103522789  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 26616830 |  |  | 26616830  |
| **Total Investments** | $1131710171 | $— | $— | $1131710171  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(1077438) | $— | $(1077438)  |
| **Total Investments** | $— | $(1077438) | $— | $(1077438) |

---

**HACK** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $1859421714 | $— | $— | $1859421714  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 14049042 |  |  | 14049042  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> |  |  |  | 13917111  |
| **Total Investments** | $1887387867 | $— | $— | $1887387867 |

---

**IPAY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $161725371 | $— | $0 | $161725371  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 2567478 |  |  | 2567478  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 486653 |  |  | 486653  |
| **Total Investments** | $164779502 | $— | $0 | $164779502 |

---

**NDIV** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $26909535 | $— | $— | $26909535  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 1165979 |  |  | 1165979  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 36408 |  |  | 36408  |
| **Total Investments** | $28111922 | $— | $— | $28111922  |

---

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(189000) | $— | $(189000)  |
| **Total Investments** | $— | $(189000) | $— | $(189000) |

---

**ETTY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $619111 | $— | $— | $619111  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 294938 |  | 294938  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 1548910 |  | 1548910  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 212262 |  |  | 212262  |
| **Total Investments** | $831373 | $1843848 | $— | $2675221  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(62917) | $— | $(62917)  |
| **Total Investments** | $— | $(62917) | $— | $(62917) |

---

**EHY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Purchased Options | $— | $561775 | $— | $561775  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 1554955 |  | 1554955  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 1157533 |  |  | 1157533  |
| **Total Investments** | $1157533 | $2116730 | $— | $3274263  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(129745) | $— | $(129745)  |
| **Total Investments** | $— | $(129745) | $— | $(129745) |

---

**ETHO** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $148221298 | $— | $— | $148221298  |
| &nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 6865768 |  |  | 6865768  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 521930 |  |  | 521930  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 283627 |  |  | 283627  |
| **Total Investments** | $155892623 | $— | $— | $155892623 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**HAKY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $1827116 | $— | $— | $1827116  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 11719 |  | 11719  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 23303 |  |  | 23303  |
| **Total Investments** | $1850419 | $11719 | $— | $1862138  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(23372) | $— | $(23372)  |
| **Total Investments** | $— | $(23372) | $— | $(23372) |

---

**SILJ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $4017256119 | $— | $0 | $4017256119  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 197278981 |  |  | 197278981  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 12454233 |  |  | 12454233  |
| **Total Investments** | $4226989333 | $— | $0 | $4226989333 |

---

**BATT** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $107798527 | $— | $0 | $107798527  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 1223625 |  |  | 1223625  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 194041 |  |  | 194041  |
| **Total Investments** | $109216193 | $— | $0 | $109216193 |

---

**YYYM** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Closed-End Funds | $385027 | $— | $— | $385027  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 1866 |  |  | 1866  |
| **Total Investments** | $386893 | $— | $— | $386893 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**IBUY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $108741945 | $— | $0 | $108741945  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 3817417 |  |  | 3817417  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 300323 |  |  | 300323  |
| **Total Investments** | $112859685 | $— | $0 | $112859685 |

---

**SOFR** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements | $— | $413318477 | $— | $413318477  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 14503 |  |  | 14503  |
| **Total Investments** | $14503 | $413318477 | $— | $413332980 |

---

**USNG** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $5578981 | $— | $— | $5578981  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 100558 |  |  | 100558  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 76988 |  |  | 76988  |
| **Total Investments** | $5756527 | $— | $— | $5756527 |

---

**CNBS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $12491547 | $3 | $0 | $12491550  |
| &nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 2731788 |  |  | 2731788  |
| &nbsp;&nbsp;&nbsp; Contingent Value Rights |  |  | 0 | 0  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 57555316 |  | 57555316  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 118200 |  |  | 118200  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 37830 |  |  | 37830  |
| **Total Investments** | $15379365 | $57555319 | $0 | $72934684  |
| <u>Other Financial Instruments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Total Return Swaps\* | $— | $423057 | $— | $423057  |
| **Total Other Financial Instruments** | $— | $423057 | $— | $423057  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Other Financial Instruments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Total Return Swaps\* | $— | $(3615882) | $(132907) | $(3748789)  |
| **Total Other Financial Instruments** | $— | $(3615882) | $(132907) | $(3748789) |

---

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**SLJY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $22051313 | $— | $— | $22051313  |
| &nbsp;&nbsp;&nbsp; Affiliated Exchange Traded Funds | 8295298 |  |  | 8295298  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 876865 |  | 876865  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 4637581 |  | 4637581  |
| **Total Investments** | $30346611 | $5514446 | $— | $35861057  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(1582853) | $— | $(1582853)  |
| **Total Investments** | $— | $(1582853) | $— | $(1582853) |

---

**SMAP** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $1129400 | $— | $— | $1129400  |
| &nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 66105 |  |  | 66105  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 27050 |  |  | 27050  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 10181 |  |  | 10181  |
| **Total Investments** | $1232736 | $— | $— | $1232736 |

---

**SOLM** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $308958 | $— | $— | $308958  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 71030 |  | 71030  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 798477 |  | 798477  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 174713 |  |  | 174713  |
| **Total Investments** | $483671 | $869507 | $— | $1353178  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(57428) | $— | $(57428)  |
| **Total Investments** | $— | $(57428) | $— | $(57428) |

---

158<br>

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**STBQ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $879962 | $— | $— | $879962  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | 272040 |  |  | 272040  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 52957 |  |  | 52957  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 6112 |  |  | 6112  |
| **Total Investments** | $1211071 | $— | $— | $1211071 |

---

**TLTP** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $21376627 | $— | $— | $21376627  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 7778672 |  | 7778672  |
| **Total Investments** | $21376627 | $7778672 | $— | $29155299  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(113344) | $— | $(113344)  |
| **Total Investments** | $— | $(113344) | $— | $(113344) |

---

**TKNQ** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $486568 | $— | $— | $486568  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | 152307 |  |  | 152307  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 15182 |  |  | 15182  |
| **Total Investments** | $654057 | $— | $— | $654057 |

---

**AWAY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $23018663 | $— | $888882 | $23907545  |
| &nbsp;&nbsp;&nbsp; Investments Purchased with Proceeds from Securities Lending | 883225 |  |  | 883225  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 219442 |  |  | 219442  |
| **Total Investments** | $24121330 | $— | $888882 | $25010212 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**GAMR** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $33687888 | $— | $0 | $33687888  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 915713 |  |  | 915713  |
| **Total Investments** | $34603601 | $— | $0 | $34603601 |

---

**THNR** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $3940729 | $— | $— | $3940729  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 123113 |  |  | 123113  |
| **Total Investments** | $4063842 | $— | $— | $4063842 |

---

**XRPM** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $1760330 | $— | $— | $1760330  |
| &nbsp;&nbsp;&nbsp; Purchased Options |  | 300369 |  | 300369  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 2973182 |  |  | 2973182  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 2649430 |  | 2649430  |
| **Total Investments** | $4733512 | $2949799 | $— | $7683311  |
| **Liabilities:**<br>|  |  |  |  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | $— | $(353116) | $— | $(353116)  |
| **Total Investments** | $— | $(353116) | $— | $(353116) |

---

See the Schedules of Investments for further disaggregation of investment categories.

<sup>(a)</sup> 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.

\* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026.

**OPTION WRITING – BITY, BAGY TLTP, HCOW, DIVO, QDVO, IDVO, NDIV, ETTY, EHY, HAKY, SLJY, SOLM and XRPM ("The Funds") will each employ an option strategy in which they will write U.S. exchange-traded covered call options on equity securities, ETF's or ETP's 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 the Funds will give the holder (buyer) the right to buy a certain equity security, ETF or ETP at a predetermined strike price from the Funds. A premium is the income received by an investor who sells or writes an option contract to another party. Specifically, both BITY and BAGY aim to participate in the price return of bitcoin (i.e., "spot" bitcoin prices) and generate a high level of annualized option premium by selling call options on exchange-traded products ("Bitcoin ETPs") that reference the Bitcoin Price. BITY targets call options approximately 5–10% out of the money, while BAGY focuses on options around 5% out of the money. In both cases, the options are expected to have maturities of one week or less. TLTP seeks to receive a targeted annualized option premium income of 12% through the implementation of the Index investments in the iShares 20+ Year Treasury Bond ETF (the "Underlying ETF") and selling one-week expiration, at-the-money call option contracts that references the Underlying ETF. HCOW seeks to provide 10% or greater annualized gross income from premiums received from selling option contracts on Equity Securities, however, the amount of income generated** 

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

by HCOW's implementation of the covered call option strategy will vary based on factors such as market prices, volatility and interest rates. 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. NDIV seeks to generate high income by employing a "covered call" option strategy and seek to vary its option selling each month to a level sufficient to generate 0.50% monthly option premium. Both, ETTY and EHY seek to participate in the price return of Ether and to generate a high level of annualized option premium by selling call options on exchange traded products that provide price exposure to ether ("Ethereum ETPs") that are approximately 5-10% "out of the money," with targeted maturities of one week or less, ETTY seeks to vary its option selling each week to a level sufficient to generate 36% annualized option premium, while EHY seeks to make distributions from the income generated from its call writing strategy on a monthly basis. HAKY seeks to generate high current income by employing a "covered call" option strategy that references the Equity Securities and the HACK ETF. HAKY seeks to generate approximately 15% or greater annualized gross income from premiums received from selling options contracts. SOLM seeks to participate in the price return of SOL and to generate a high level of annualized option premium by selling options on U.S. regulated ETFs that provide exposure to SOL ("Solana ETPs"). SOLM expect to sell call options that are approximately 5-10% "out of the money" and seeks to vary its option selling each week to a level sufficient to generate 36% annualized option premium. XRPM seeks to participate in the price return of XRP and to generate a high level of annualized option premium by selling call options on U.S.-regulated ETFs that provide exposure to XRP ("XRP ETPs") that are approximately 5-10% "out of the money" with targeted maturities of one week or less. XRPM aims to generate 36% annualized option premium. Unlike a systematic covered call program, HCOW, 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, HCOW, DIVO, IDVO and QDVO identify that opportunity and sell call options tactically, rather than keeping all positions covered and limiting potential upside.

When the Funds write an option, an amount equal to the premium received by the Funds, 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 the Funds 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 the Funds has realized a gain or loss. the Funds, 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 year, the Funds used written covered call options in a manner consistent with the strategy described above.

BITY, BAGY, TLTP, ETTY, EHY, SLJY, SOLM, and XRPM anticipate utilizing FLEX Options as part of their options-based strategy to generate income and manage risk. FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the OCC. They allow the Fund to use tailored terms, such as strike price, style, and expiration date, while achieving price discovery in competitive, transparent auction markets and avoiding the counterparty exposure of over-the-counter positions. The strategy primarily involves selling call option contracts using FLEX Options, but the Adviser may also employ other standard-listed options if deemed in the best interests of the Fund. This flexible approach seeks to enhance yield while maintaining controlled downside risk through dynamic option overlays and tactical positioning.

SWAN and ISWN'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.

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**SWAP AGREEMENTS – CNBS 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 March 31, 2026 is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Derivatives** | **Statement of Assets and Liabilities** | **Value**  |
| BITY | Equity Contracts - Options | Investments, at Value (asset) | $1275437  |
| BITY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (1184375)  |
| BAGY | Equity Contracts - Options | Investments, at Value (asset) | 1643260  |
| BAGY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (1529376)  |
| SWAN | Equity Contracts - Options | Investments, at Value (asset) | 33264091  |
| ISWN | Equity Contracts - Options | Investments, at Value (asset) | 4215783  |
| HCOW | Equity Contracts - Options | Written Option Contracts, at value (liability) | (93122)  |
| DIVO | Equity Contracts - Options | Written Option Contracts, at value (liability) | (5385500)  |
| QDVO | Equity Contracts - Options | Written Option Contracts, at value (liability) | (6509720)  |
| IDVO | Equity Contracts - Options | Written Option Contracts, at value (liability) | (1077438)  |
| NDIV | Equity Contracts - Options | Written Option Contracts, at value (liability) | (189000)  |
| ETTY | Equity Contracts - Options | Investments, at Value (asset) | 294938  |
| ETTY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (62917)  |
| EHY | Equity Contracts - Options | Investments, at Value (asset) | 561775  |
| EHY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (129745)  |
| HAKY | Equity Contracts - Options | Investments, at Value (asset) | 11719  |
| HAKY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (23372)  |
| CNBS | Equity Contracts - Swaps | Net Unrealized Appreciation on Swaps | 423057  |
| CNBS | Equity Contracts - Swaps | Net Unrealized Depreciation on Swaps | (3748789)  |
| SLJY | Equity Contracts - Options | Investments, at Value (asset) | 876865  |
| SLJY | Equity Contracts - Options | Written Option Contracts, at value (liability) | (1582853)  |
| SOLM | Equity Contracts - Options | Investments, at Value (asset) | 71030  |
| SOLM | Equity Contracts - Options | Written Option Contracts, at value (liability) | (57428)  |
| TLTP | Equity Contracts - Options | Written Option Contracts, at value (liability) | (113344)  |
| XRPM | Equity Contracts - Options | Investments, at Value (asset) | 300369  |
| XRPM | Equity Contracts - Options | Written Option Contracts, at value (liability) | (353116) |

---

162<br>

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

The effect of derivative instruments on the Statement of Operations for the period ended March 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Derivatives** | **Location of Gains (Losses) on** <br>**Derivatives Recognized in Income** | **Net Realized** <br>**Gain (Loss)** | **Net Change in Unrealized** <br>**Appreciation (Depreciation)**  |
| BITY | Equity Contracts | Options Purchased<sup>(a)</sup> | $(2977708) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(482986)  |
| BITY | Equity Contracts | Options Written | (3279207) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9344  |
| BAGY | Equity Contracts | Options Purchased<sup>(a)</sup> | (2731670) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (583052)  |
| BAGY | Equity Contracts | Options Written | (3089051) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(264)  |
| SWAN | Equity Contracts | Options Purchased<sup>(a)</sup> | 6290999  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17404931)  |
| ISWN | Equity Contracts | Options Purchased<sup>(a)</sup> | 1637411  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (811560)  |
| HCOW | Equity Contracts | Options Written | 266335  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21199  |
| DIVO | Equity Contracts | Options Written | 24110443  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4784589  |
| QDVO | Equity Contracts | Options Written | 22626814  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (549521)  |
| IDVO | Equity Contracts | Options Written | 5586452  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88789  |
| NDIV | Equity Contracts | Options Written | (613555) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66423)  |
| ETTY | Equity Contracts | Options Purchased<sup>(a)</sup> | (230510) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66555  |
| ETTY | Equity Contracts | Options Written | (944703) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132321  |
| EHY | Equity Contracts | Options Purchased<sup>(a)</sup> | (337327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149810  |
| EHY | Equity Contracts | Options Written | (1377093) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247839  |
| HAKY | Equity Contracts | Options Purchased<sup>(a)</sup> | (8419) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13335)  |
| HAKY | Equity Contracts | Options Written | (29939) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24528  |
| CNBS | Equity Contracts | Swaps | (10565872) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12563891)  |
| SLJY | Equity Contracts | Options Purchased<sup>(a)</sup> | 162771  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (762542)  |
| SLJY | Equity Contracts | Options Written | 195129  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648846  |
| SOLM | Equity Contracts | Options Purchased<sup>(a)</sup> | (189949) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58916)  |
| SOLM | Equity Contracts | Options Written | (286074) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42311  |
| TLTP | Equity Contracts | Options Written | 413343  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26935)  |
| XRPM | Equity Contracts | Options Purchased<sup>(a)</sup> | (1134019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (460321)  |
| XRPM | Equity Contracts | Options Written | (1246545) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405915 |

---

<sup>(a)</sup> 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 ended March 31, 2026 is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Average Market** <br>**Value - Options** <br>**Written** | **Average Market** <br>**Value - Options** <br>**Purchased** | **Average Notional** <br>**Value - Total** <br>**Return Swaps**  |
| BITY | $(1238917) | $940567  | &nbsp;&nbsp; $—  |
| BAGY | (1287374) | 999960  | &nbsp;&nbsp; —  |
| SWAN | —  | 47225068  | &nbsp;&nbsp; —  |
| ISWN | —  | 4901029  | &nbsp;&nbsp; —  |
| TLTP | (57399) | —  | &nbsp;&nbsp; —  |
| HCOW | (112089) | —  | &nbsp;&nbsp; 5146032  |
| DIVO | (3868187) | —  | &nbsp;&nbsp; —  |
| QDVO | (5675815) | —  | &nbsp;&nbsp; —  |
| IDVO | (1123947) | —  | &nbsp;&nbsp; —  |
| NDIV | (131766) | —  | &nbsp;&nbsp; —  |
| ETTY | (336079) | 125349  | &nbsp;&nbsp; —  |
| EHY | (487812) | 203429  | &nbsp;&nbsp; —  |
| HAKY | (29398) | 12482  | &nbsp;&nbsp; —  |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Average Market** <br>**Value - Options** <br>**Written** | **Average Market** <br>**Value - Options** <br>**Purchased** | **Average Notional** <br>**Value - Total** <br>**Return Swaps**  |
| CNBS | $—  | $—  | &nbsp;&nbsp; $68876529  |
| SLJY | (1630972) | 1445037  | &nbsp;&nbsp; —  |
| SOLM | (125507) | 45314  | &nbsp;&nbsp; —  |
| XRPM | (784525) | 324246  | &nbsp;&nbsp; — |

---

**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.** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Gross** <br>**Amounts of** <br>**Recognized** <br>**Assets** | **Gross** <br>**Amounts** <br>**Offset in the** <br>**Statement of** <br>**Assets and** <br>**Liabilities** | **Net Amounts** <br>**Presented in** <br>**the Statement** <br>**of Assets** <br>**and Liabilities** | **Gross Amounts not Offset in** <br>**the Statement of Assets and** <br>**Liabilities** | **Gross Amounts not Offset in** <br>**the Statement of Assets and** <br>**Liabilities** | **Net** <br>**Amount**  |
| **Assets**<br>**Description/Counterparty**  | **Gross** <br>**Amounts of** <br>**Recognized** <br>**Assets** | **Gross** <br>**Amounts** <br>**Offset in the** <br>**Statement of** <br>**Assets and** <br>**Liabilities** | **Net Amounts** <br>**Presented in** <br>**the Statement** <br>**of Assets** <br>**and Liabilities** | **Financial** <br>**Instruments** | **Collateral** <br>**Received** | **Net** <br>**Amount**  |
| **CNBS**<br>|  |  |  |  |  |  |
| Swaps Executed<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; National Bank of Canada Financial, Inc. | $423057  | $423057  | $—  | $—  | $—  | $— |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Gross** <br>**Amounts of** <br>**Recognized** <br>**Liabilities** | **Gross** <br>**Amounts** <br>**Offset in the** <br>**Statement of** <br>**Assets and** <br>**Liabilities** | **Net Amounts** <br>**Presented in** <br>**the Statement** <br>**of Assets** <br>**and Liabilities** | **Gross Amounts not Offset in** <br>**the Statement of Assets and** <br>**Liabilities** | **Gross Amounts not Offset in** <br>**the Statement of Assets and** <br>**Liabilities** | **Net** <br>**Amount**  |
| **Liabilities**<br>**Description/Counterparty** | **Gross** <br>**Amounts of** <br>**Recognized** <br>**Liabilities** | **Gross** <br>**Amounts** <br>**Offset in the** <br>**Statement of** <br>**Assets and** <br>**Liabilities** | **Net Amounts** <br>**Presented in** <br>**the Statement** <br>**of Assets** <br>**and Liabilities** | **Financial** <br>**Instruments** | **Collateral** <br>**Pledged**  | **Net** <br>**Amount**  |
| **CNBS**<br>|  |  |  |  |  |  |
| Swaps Executed<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; National Bank of Canada Financial, Inc. | $3506997  | $423057  | $3083940  | $—  | $3083940  | $—  |
| &nbsp;&nbsp;&nbsp; Nomura Global Financial Products, Inc. | 241792  | —  | 241792  | —  | 241792  |  |

---

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.** 

164<br>

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

**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. 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.** 

**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 and YYYM'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.** 

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

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.

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Advisory Fee** | **Fund** | **Advisory Fee**  |
| AIEQ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | ETHO  | &nbsp;&nbsp;&nbsp;&nbsp; 0.45%  |
| MJ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | HAKY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65%  |
| BITY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | SILJ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.69%  |
| BAGY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | BATT  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| SWAN  | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | YYYM  | &nbsp;&nbsp;&nbsp;&nbsp; 0.50%  |
| ISWN  | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | IBUY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65%  |
| BLOK  | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | SOFR  | &nbsp;&nbsp;&nbsp;&nbsp; 0.20%  |
| AIVC  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | USNG  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| ITEQ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | CNBS  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65%  |
| COWS  | &nbsp;&nbsp;&nbsp;&nbsp; 0.39% | SLJY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| YYY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.50% | SMAP  | &nbsp;&nbsp;&nbsp;&nbsp; 0.60%  |
| HCOW  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | SOLM  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| DIVO  | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | STBQ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.69%  |
| QDVO  | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | TLTP  | &nbsp;&nbsp;&nbsp;&nbsp; 0.30%  |
| IDVO  | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | TKNQ  | &nbsp;&nbsp;&nbsp;&nbsp; 0.69%  |
| HACK  | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% | AWAY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| IPAY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | GAMR  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| NDIV  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | THNR  | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| ETTY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | XRPM  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75%  |
| EHY  | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% |  |  |

---

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 March 31, 2026, the Adviser's management fee was reduced by $62,525, the Adviser paid none of the Fund's expenses. This contractual agreement expires on March 1, 2027. 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:

---

| | |
|:---|:---|
| **Recoupment Expiration** | **Amount of** <br>**Recoupment**  |
| October 31, 2026 | $202832  |
| September 30, 2027 | 180092  |
| September 30, 2028 | 187742  |
| September 30, 2029 | 62525 |

---

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

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 CNBS, for which the Adviser also serves as investment adviser. As a result, the Adviser receives no management fee from assets of CNBS invested in MJ. For the period ended March 31, 2026, the Adviser's management fee was reduced by $286,204.

For the period October 1, 2025, to January 27, 2026, COWS was obligated to pay the Adviser 0.39% at an annual rate of average daily net assets with an agreement to waive its management fee by 0.39%. Effective January 28, 2026, pursuant to a contractual agreement between the Trust, on behalf of COWS, management fees paid to the Adviser were reduced by 0.20% so the Fund's total annual operating expenses will not exceed 0.19% of assets under management, for assets up to $100 million, through January 28, 2027.. For the period ended March 31, 2026, the Adviser's management fee was reduced by $41,365. 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 0.46% from assets of HCOW invested in COWS. For the period ended March 31, 2026, the Advisor's management fee was reduced by $199.

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 March 31, 2026, the Adviser's management fee was reduced by $253,807.

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 March 31, 2026, the Adviser's management fee was reduced by $13,952.

The Adviser has contractually agreed to waive the proportionate amount of the SLJY's advisory fee as applied to the net assets of the Fund invested in SILJ, for which the Adviser also serves as investment adviser. As a result, the Adviser receives a management fee of 0.06% from assets of SILJ invested in SLJY. For the period ended March 31, 2026, the Adviser's management fee was reduced by $18,624.

The Adviser has contractually agreed to waive the proportionate amount of the QDVO'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 0.34% from assets of SILJ invested in SLJY. For the period ended March 31, 2026, the Adviser's management fee was reduced by $12,276.

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 Strategic Management, LLC ("Kelly Intelligence"), Samsung Asset Management ("Samsung"), and Curi Capital, LLC ("Curi Capital") serve as Sub-Advisers to Funds in the Trust. The Sub-Advisers for each Fund is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Sub-Adviser(s)** |  | **Sub-Adviser(s)**  |
| AIEQ  | Tidal | ETHO  | Tidal  |
| MJ  | Tidal/SAM | HAKY  | Tidal  |
| BITY  | Penserra/Kelly | SILJ  | Tidal  |
| BAGY  | Penserra/Kelly | BATT  | Tidal  |
| SWAN  | Cerity/Tidal | YYYM  | Penserra  |
| ISWN  | Cerity/Tidal | IBUY  | Penserra  |
| BLOK  | Tidal | SOFR  | Samsung Asset Management  |
| AIVC  | Penserra | USNG  | Samsung Asset Management  |
| ITEQ  | Tidal | CNBS  | Tidal / SAM  |
| COWS  | Penserra/Kelly | SLJY  | Tidal  |
| YYY  | Penserra | SMAP  | Penserra/Curi Capital  |

---

167<br>

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Sub-Adviser(s)** |  | **Sub-Adviser(s)**  |
| HCOW  | Penserra/Kelly | SOLM  | Penserra/Kelly  |
| DIVO  | Penserra/CWP | STBQ  | Penserra  |
| QDVO  | Penserra/CWP | TLTP  | Samsung Asset Management  |
| IDVO | Penserra/CWP/SAM | TKNQ | Penserra  |
| HACK  | Penserra | AWAY | Tidal  |
| IPAY  | Penserra | GAMR | Penserra  |
| NDIV  | Tidal | THNR | Penserra  |
| ETTY  | Penserra/Kelly | XRPM | Penserra/Kelly  |
| EHY  | Penserra/Kelly |  |  |

---

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, Samsung, and Curi Capital 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 programs administered by the Securities Lending Agents. 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 March 31, 2026, 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 Agents in accordance with approved investment guidelines. Those guidelines require the cash collateral to be invested in readily marketable, high quality, short-term obligations; however, such investments are subject to risk of payment delays or default on the part of the issuer or counterparty or otherwise may not generate sufficient interest to support the costs associated with securities lending. The 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 Agents. The value of the securities on loan and the related collateral as of March 31, 2026, are disclosed in each Fund's Schedule of Investments and Statement of Assets and Liabilities.

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As of March 31, 2026, the values of the securities on loan and payable for collateral due to brokers were as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Value of Securities** <br>**on Loan** | **Payable for** <br>**Collateral Received**  |
| AIEQ | $— | &nbsp;&nbsp; $—  |
| MJ | 30128313 | &nbsp;&nbsp; 30257337<sup>(a)</sup>  |
| BITY |  | &nbsp;&nbsp; —  |
| BAGY |  | &nbsp;&nbsp; —  |
| SWAN |  | &nbsp;&nbsp; —  |
| ISWN |  | &nbsp;&nbsp; —  |
| BLOK | 71820442 | &nbsp;&nbsp; 68431144<sup>(a)</sup>  |
| AIVC |  | &nbsp;&nbsp; —  |
| ITEQ | 11729975 | &nbsp;&nbsp; 11688918<sup>(a)</sup>  |
| COWS |  | &nbsp;&nbsp; —  |
| YYY | 6705113 | &nbsp;&nbsp; 6767612<sup>(a)</sup>  |
| HCOW |  | &nbsp;&nbsp; —  |
| DIVO |  | &nbsp;&nbsp; —  |
| QDVO |  | &nbsp;&nbsp; —  |
| IDVO | 104173506 | &nbsp;&nbsp; 103522789<sup>(a)</sup>  |
| HACK | 14482492 | &nbsp;&nbsp; 13917111<sup>(b)</sup>  |
| IPAY | 1526329 | &nbsp;&nbsp; 2567478<sup>(a)</sup>  |
| NDIV | 1131382 | &nbsp;&nbsp; 1165979<sup>(a)</sup>  |
| ETHO | 511600 | &nbsp;&nbsp; 521930<sup>(a)</sup>  |
| SILJ | 215173920 | &nbsp;&nbsp; 197278981<sup>(a)</sup>  |
| BATT | 1256255 | &nbsp;&nbsp; 1223625<sup>(a)</sup>  |
| IBUY | 2587077 | &nbsp;&nbsp; 3817417<sup>(a)</sup>  |
| SOFR |  | &nbsp;&nbsp; —  |
| USNG | 97954 | &nbsp;&nbsp; 100558<sup>(a)</sup>  |
| CNBS | 96042 | &nbsp;&nbsp; 118200<sup>(a)</sup>  |
| SLJY |  | &nbsp;&nbsp; —  |
| SMAP | 10703 | &nbsp;&nbsp; 10181<sup>(a)</sup>  |
| STBQ | 6204 | &nbsp;&nbsp; 6112<sup>(a)</sup>  |
| TLTP |  | &nbsp;&nbsp; —  |
| AWAY | 954604 | &nbsp;&nbsp; 883225<sup>(a)</sup>  |
| GAMR |  | &nbsp;&nbsp; —  |
| THNR |  | &nbsp;&nbsp; — |

---

<sup>(a)</sup> 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 ogligations.

<sup>(b)</sup> 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.

5. 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

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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.

---

| | | |
|:---|:---|:---|
| **Fund** | **Seller** | **Weighted Average** <br>**Days to Maturity**  |
| SOFR | Buckler Securities, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.68  |
| SOFR | Clear Street LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19  |
| SOFR | Curvature Securities, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15  |
| SOFR | Mirae Asset Securities (USA) Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.32 |

---

6. INVESTMENT TRANSACTIONS

For the period ended March 31, 2026, the in-kind transactions associated with creations and redemptions, and the long-term purchases and sales of U.S. Government Securities were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Purchases** | **Sales** | **In-Kind** <br>**Purchases** | **In-Kind** <br>**Sales** | **U.S.** <br>**Government** <br>**Purchases** | **U.S.** <br>**Government** <br>**Sales**  |
| AIEQ | $313728314 | $314266090 | $1119512 | $4330239 | $— | $—  |
| MJ | 12615265 | 15122871 |  | 14435569 |  | —  |
| BITY | 700299 | 611678 |  |  |  | —  |
| BAGY |  |  |  |  |  | —  |
| SWAN | 154364608 | 59179396 |  |  | 136048663 | 42122508  |
| ISWN | 6482265 | 6518631 |  |  | 4853037 | 3502861  |
| BLOK | 344102127 | 313996488 | 101265546 | 270147671 |  | —  |
| AIVC | 9311667 | 9270868 | 2880434 | 2885245 |  | —  |
| ITEQ | 14247858 | 15162742 | 14150549 | 8557549 |  | —  |
| COWS | 51238789 | 50974387 | 14908323 | 8364555 |  | —  |
| YYY | 224607001 | 211391222 | 128042907 | 52893393 |  | —  |
| HCOW | 40415068 | 40056421 | 2875472 | 1467427 |  | —  |
| DIVO | 2217399949 | 2080042654 | 1331749146 | 104669150 |  | —  |
| QDVO | 408380520 | 394843765 | 324608033 | 16303840 |  | —  |
| IDVO | 383140449 | 389151023 | 539915822 | 7344887 |  | —  |
| HACK | 320345455 | 335204642 | 222214812 | 356564975 |  | —  |
| IPAY | 28917360 | 30850075 | 4652055 | 43240376 |  | —  |
| NDIV | 7359367 | 7454848 | 12607818 | 2044323 |  | —  |
| ETTY | 1125692 | 125550 |  |  |  | —  |
| EHY |  |  |  |  |  | —  |
| ETHO | 5894423 | 6404559 | 3386277 | 9955897 |  | —  |
| HAKY | 1694678 | 292833 | 1432571 | 932794 |  | —  |
| SILJ | 745030671 | 839590552 | 1568332579 | 936808943 |  | —  |
| BATT | 37946107 | 33083423 | 20344900 | 8833670 |  | —  |
| YYYM |  |  | 397847 |  |  | —  |
| IBUY | 28049342 | 28855242 |  | 22883660 |  | —  |
| SOFR |  |  |  |  |  | —  |
| USNG | 50699 | 20511 | 798161 |  |  | —  |
| CNBS | 511814 | 788697 | 466168 | 2362321 |  | —  |
| SLJY | 2766249 | 3180018 | 22930958 | 606075 |  | —  |
| SMAP | 160481 | 174782 | 619310 | 653750 |  | —  |

---

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**March 31, 2026(Continued)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Purchases** | **Sales** | **In-Kind** <br>**Purchases** | **In-Kind** <br>**Sales** | **U.S.** <br>**Government** <br>**Purchases** | **U.S.** <br>**Government** <br>**Sales**  |
| SOLM | $517430 | $59238 | $— | $— | $— | $—  |
| STBQ | 767287 | 419582 | 975267 |  |  | —  |
| TLTP | 9251566 | 1866750 | 12557516 | 1311968 | 6340130 | 2099759  |
| TKNQ | 550449 | 151859 | 566612 |  |  | —  |
| AWAY | 5870991 | 6554788 | 3721562 | 10128962 |  | —  |
| GAMR | 10864957 | 10871237 |  | 4252891 |  | —  |
| THNR | 904707 | 953861 | 1394717 | 416307 |  | —  |
| XRPM | 2572706 | 4684 |  |  |  |  |

---

7. TRANSACTIONS WITH AFFILIATED SECURITIES

Investments in issuers considered to be affiliate(s) of the Funds during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the 1940 Act were as follows:

---

| | |
|:---|:---|
| **Investments in Amplify Seymour Cannabis ETF** | **Amplify Alternative** <br>**Harvest ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp; $93053212  |
| Purchases at Cost | &nbsp;&nbsp; 2081290  |
| Proceeds from Sales | &nbsp;&nbsp; (16590394)  |
| Net Realized Gain (Loss) | &nbsp;&nbsp; 859249  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp; (22641387)  |
| Value at March 31, 2026 | &nbsp;&nbsp; $56761970  |
| Shares held at March 31, 2026 | &nbsp;&nbsp; 2575407  |
| Dividend Income | &nbsp;&nbsp; $— |

---

---

| | |
|:---|:---|
| **Investments in Amplify Cash Flow Dividend Leaders ETF** | **Amplify COWS** <br>**Covered Call ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp; $494641  |
| Purchases at Cost | &nbsp;&nbsp;&nbsp;&nbsp; 725505  |
| Proceeds from Sales | &nbsp;&nbsp;&nbsp;&nbsp; (610407)  |
| Net Realized Gain (Loss) | &nbsp;&nbsp;&nbsp;&nbsp; 5321  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (9311)  |
| Value at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; $605749  |
| Shares held at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; 18361  |
| Dividend Income | &nbsp;&nbsp;&nbsp;&nbsp; $2816 |

---

---

| | |
|:---|:---|
| **Investments in Amplify Samsung SOFR ETF** | **Amplify CWP Enhanced** <br>**Dividend Income ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp; $190529857  |
| Purchases at Cost | &nbsp;&nbsp;&nbsp;&nbsp; 101751871  |
| Proceeds from Sales | &nbsp;&nbsp;&nbsp;&nbsp; (1182175)  |
| Net Realized Gain (Loss) | &nbsp;&nbsp;&nbsp;&nbsp; 2086  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (192131)  |
| Value at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; $290909508  |
| Shares held at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2904883  |
| Dividend Income | &nbsp;&nbsp;&nbsp;&nbsp; $4962660 |

---

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---

| | |
|:---|:---|
| **Investments in Amplify Samsung SOFR ETF** | **Amplify CWP Enhanced** <br>**Dividend Income ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—  |
| Purchases at Cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16230895  |
| Proceeds from Sales | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (412756)  |
| Net Realized Gain (Loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27099)  |
| Value at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15791564  |
| Shares held at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157687  |
| Dividend Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $255583 |

---

---

| | |
|:---|:---|
| **Investments in Amplify Samsung SOFR ETF** | **Amplify CWP** <br>**International Enhanced** <br>**Dividend Income ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp; $2241893  |
| Purchases at Cost | &nbsp;&nbsp;&nbsp;&nbsp; 18571446  |
| Proceeds from Sales | &nbsp;&nbsp;&nbsp;&nbsp; (162159)  |
| Net Realized Gain (Loss) | &nbsp;&nbsp;&nbsp;&nbsp; 360  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp;&nbsp;&nbsp; (29982)  |
| Value at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; $20621558  |
| Shares held at March 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp; 205917  |
| Dividend Income | &nbsp;&nbsp;&nbsp;&nbsp; $290330 |

---

---

| | |
|:---|:---|
| **Investments in Amplify Junior Silver Miners ETF** | **Amplify SILJ** <br>**Covered Call ETF**  |
| Value at September 30, 2025 | &nbsp;&nbsp;&nbsp; $1655737  |
| Purchases at Cost | &nbsp;&nbsp;&nbsp; 6154913  |
| Proceeds from Sales | &nbsp;&nbsp;&nbsp; 132929  |
| Net Realized Gain (Loss) | &nbsp;&nbsp;&nbsp; (332511)  |
| Change in Unrealized Appreciation/(Depreciation) | &nbsp;&nbsp;&nbsp; 629805  |
| Value at March 31, 2026 | &nbsp;&nbsp;&nbsp; $8240873  |
| Shares held at March 31, 2026 | &nbsp;&nbsp;&nbsp; 279115  |
| Dividend Income | &nbsp;&nbsp;&nbsp; $96069 |

---

8. FEDERAL INCOME TAXES

As of and during the year ended September 30, 2025, 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 ended September 30, 2025, 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 ended September 30, 2025, the Funds did not incur any interest or penalties.

The tax composition of distributions paid during the year ended September 30, 2025 for the Funds was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Ordinary Income** | **Capital Gains** | **Return of Capital**  |
| AIEQ | $34780 | $— | &nbsp;&nbsp; $—  |
| MJ | 1672373 |  | &nbsp;&nbsp; —  |
| BITY | 104927 |  | &nbsp;&nbsp; 973433  |
| BAGY | 106312 |  | &nbsp;&nbsp; 1050786  |
| SWAN | 7734956 |  | &nbsp;&nbsp; —  |
| ISWN | 1003363 |  | &nbsp;&nbsp; —  |

---

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---

| | | | |
|:---|:---|:---|:---|
|  | **Ordinary Income** | **Capital Gains** | **Return of Capital**  |
| AIVC | $46500 | $— | &nbsp;&nbsp; $—  |
| TLTP | 466496 |  | &nbsp;&nbsp; 568448  |
| ITEQ | 10561 |  | &nbsp;&nbsp; —  |
| COWS | 507389 |  | &nbsp;&nbsp; —  |
| HCOW | 12952 |  | &nbsp;&nbsp; 1009374  |
| DIVO | 143284642 | 62451313 | &nbsp;&nbsp; —  |
| QDVO | 241397 |  | &nbsp;&nbsp; 8809436  |
| IDVO | 5891023 | 1745147 | &nbsp;&nbsp; 7089912  |
| HACK | 1382715 |  | &nbsp;&nbsp; —  |
| IPAY | 2433538 |  | &nbsp;&nbsp; —  |
| ETHO | 445673 |  | &nbsp;&nbsp; —  |
| YYY | 31706887 |  | &nbsp;&nbsp; 37293113  |
| SILJ | 60317682 |  | &nbsp;&nbsp; —  |
| BATT | 2077324 |  | &nbsp;&nbsp; —  |
| NDIV | 378205 | 31492 | &nbsp;&nbsp; 369430  |
| IBUY |  |  | &nbsp;&nbsp; —  |
| SOFR | 11042808 |  | &nbsp;&nbsp; 231826  |
| USNG | 26864 |  | &nbsp;&nbsp; 591  |
| CNBS | 5578775 |  | &nbsp;&nbsp; —  |
| SLJY | 1258 | 20925 | &nbsp;&nbsp; 135009  |
| SMAP | 4861 |  | &nbsp;&nbsp; 1164  |
| BLOK | 49345165 |  | &nbsp;&nbsp; —  |
| AWAY |  |  | &nbsp;&nbsp; —  |
| GAMR | 227895 |  | &nbsp;&nbsp; —  |
| THNR | 39582 |  | &nbsp;&nbsp; — |

---

The tax composition of distributions paid during the period/year ended September 30, 2024 for the Funds was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Ordinary Income** | **Capital Gains** | **Return of Capital**  |
| AIEQ | $761524 | $— | &nbsp;&nbsp; $—  |
| MJ | 20532956 |  | &nbsp;&nbsp; 2852668  |
| SWAN | 5212897 |  | &nbsp;&nbsp; —  |
| ISWN | 1144842 |  | &nbsp;&nbsp; —  |
| AIVC | 6153 |  | &nbsp;&nbsp; —  |
| ITEQ |  |  | &nbsp;&nbsp; —  |
| COWS | 260749 |  | &nbsp;&nbsp; —  |
| HCOW | 28309 |  | &nbsp;&nbsp; 179023  |
| DIVO | 125839017 | 14745670 | &nbsp;&nbsp; —  |
| QDVO | 27703 |  | &nbsp;&nbsp; 31820  |
| IDVO | 2734332 |  | &nbsp;&nbsp; 3190333  |
| HACK | 3564023 |  | &nbsp;&nbsp; —  |
| ETHO | 2183651 |  | &nbsp;&nbsp; 82109  |
| YYY | 35057043 |  | &nbsp;&nbsp; 14916957  |
| SILJ | 60499 |  | &nbsp;&nbsp; —  |
| BATT | 3657984 |  | &nbsp;&nbsp; —  |
| IPAY | 416255 |  | &nbsp;&nbsp; —  |
| NDIV | 483774 |  | &nbsp;&nbsp; 188984  |

---

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**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Ordinary Income** | **Capital Gains** | **Return of Capital**  |
| IBUY | $— | $— | &nbsp;&nbsp; $—  |
| SOFR | 7066684 |  | &nbsp;&nbsp; —  |
| CNBS |  |  | &nbsp;&nbsp; —  |
| BLOK | 12491001 |  | &nbsp;&nbsp; —  |
| AWAY | 238899 |  | &nbsp;&nbsp; 13494  |
| GAMR | 32197 |  | &nbsp;&nbsp; —  |
| THNR |  |  | &nbsp;&nbsp; — |

---

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, 2025 was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **AIEQ** | **MJ** | **BITY** | **BAGY** | **SWAN**  |
| Tax cost of investments | $109538417 | $268640931  | $21435602  | $16843517  | $252260503  |
| Gross tax unrealized appreciation | 9462539  | 62183744  | 371522  | 422386  | 14611405  |
| Gross tax unrealized depreciation | (2034602) | (67797531) | (40) | (154) | (2896978)  |
| Net tax unrealized appreciation (depreciation) | 7427937 | (5613787) | 371482  | 422232  | 11714427  |
| Undistributed ordinary income | 505217  | 2995489  | —  | —  | —  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain | 505217 | 2995489  | —  | —  | —  |
| Other accumulated gain (loss) | (24462817) | (1884829535) | 227947  | (20697) | (77926681)  |
| Distributable earnings/(accumulated deficit) | $(16529663) | $(1887447833) | $599429  | $401535  | $(66212254) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **ISWN** | **AIVC** | **TLTP** | **ITEQ** | **COWS**  |
| Tax cost of investments | $31004339 | $24451559  | $11769874  | $113274524  | $23090380  |
| Gross tax unrealized appreciation | 2138411  | 8052082  | 88553  | 28955784  | 1470189  |
| Gross tax unrealized depreciation | (164036) | (778600) | (306709) | (31130341) | (1025642)  |
| Net tax unrealized appreciation (depreciation) | 1974375 | 7273482  | (218156) | (2174557) | 444547  |
| Undistributed ordinary income | —  | —  | —  | 707995  | 553  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain |  | —  | —  | 707995  | 553  |
| Other accumulated gain (loss) | (11166537) | (15807440) | (65535) | (41937893) | (1371488)  |
| Distributable earnings/(accumulated deficit) | $(9192162) | $(8533958) | $(283691) | $(43404455) | $(926388) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **HCOW** | **DIVO** | **QDVO** | **IDVO** | **HACK**  |
| Tax cost of investments | $13074339 | $4410407708  | $303530092  | $420389580  | $1766727991  |
| Gross tax unrealized appreciation | 564765  | 909432120  | 26571165  | 78386426  | 709507305  |
| Gross tax unrealized depreciation | (548436) | (62176504) | (6602853) | (5344436) | (149333286)  |
| Net tax unrealized appreciation (depreciation) | 16329 | 847255616  | 19968312  | 73041990  | 560174019  |
| Undistributed ordinary income |  | 54743450  | —  | —  | 374809  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain |  | 54743450  | —  | —  | 374809  |
| Other accumulated gain (loss) | (237155) | (11426136) | (2337649) | 85212  | (328536815)  |
| Distributable earnings/(accumulated deficit) | $(220826) | $890572930  | $17630663  | $73127202  | $232012013 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **IPAY** | **ETHO** | **YYY** | **SILJ** | **BATT**  |
| Tax cost of investments | $300521460 | $139132395  | $617905911  | $1676137955  | $75205208  |
| Gross tax unrealized appreciation | 52673486  | 34273229  | 47649798  | 1196804996  | 23973192  |
| Gross tax unrealized depreciation | (81244875) | (16229304) | (21587600) | (146570761) | (16910616)  |
| Net tax unrealized appreciation (depreciation) | (28571389) | 18043925  | 26062198  | 1050234235  | 7062576  |
| Undistributed ordinary income | 1725388  | 1006459  | —  | 71162605  | 1530181  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain | 1725388 | 1006459  | —  | 71162605  | 1530181  |
| Other accumulated gain (loss) | (299612518) | (34238175) | (87647778) | (462523074) | (111975883)  |
| Distributable earnings/(accumulated deficit) | $(326458519) | $(15187791) | $(61585580) | $658873766  | $(103383126) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **NDIV** | **IBUY** | **SOFR** | **USNG** | **CNBS**  |
| Tax cost of investments | $12748506 | $181062749  | $275366217  | $3641330  | $107754902  |
| Gross tax unrealized appreciation | 414079  | 46271837  | —  | 422007  | 7798861  |
| Gross tax unrealized depreciation | (1393388) | (56737223) | —  | (26393) | (16015852)  |
| Net tax unrealized appreciation (depreciation) | (979309) | (10465386) | —  | 395614  | (8216991)  |
| Undistributed ordinary income | —  | 153749  | —  | —  | —  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain |  | 153749  | —  | —  | —  |
| Other accumulated gain (loss) |  | (391500057) | —  | (1995) | (75913890)  |
| Distributable earnings/(accumulated deficit) | $(979309) | $(401811694) | $—  | $393619  | $(84130881) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **SLJY** | **SMAP** | **BLOK** | **AWAY** | **GAMR**  |
| Tax cost of investments | $7740846 | $1212823  | $1286421950  | $47636807  | $36946821  |
| Gross tax unrealized appreciation | 742811  | 126751  | 477470929  | 5797062  | 14228576  |
| Gross tax unrealized depreciation | (34930) | (91391) | (171102157) | (12154853) | (829126)  |
| Net tax unrealized appreciation (depreciation) | 707881 | 35360  | 306368772  | (6357791) | 13399450  |
| Undistributed ordinary income | —  |  | 7906687  | —  | 221351  |
| Undistributed long-term capital gain |  | —  | —  | —  | —  |
| Total accumulated gain |  | —  | 7906687  | —  | 221351  |
| Other accumulated gain (loss) | (286437) | (26369) | (345837083) | (141936568) | (48747509)  |
| Distributable earnings/(accumulated deficit) | $421444  | $8991  | $(31561624) | $(148294359) | $(35126708) |

---

---

| | |
|:---|:---|
|  | **THNR** |
| Tax cost of investments | $3391274  |
| Gross tax unrealized appreciation | 248337  |
| Gross tax unrealized depreciation | (563790)  |
| Net tax unrealized appreciation (depreciation) | (315453)  |
| Undistributed ordinary income | 50574  |
| Undistributed long-term capital gain | —  |
| Total accumulated gain | 50574  |
| Other accumulated gain (loss) | (323282)  |
| Distributable earnings/(accumulated deficit) | $(588161) |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(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, 2025, the Funds deferred, on a tax basis, late year ordinary losses and capital losses of:

---

| | | |
|:---|:---|:---|
|  | **Late Year Ordinary** <br>**Loss Deferral** | **Late Year Capital** <br>**Loss Deferral**  |
| AIEQ | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $—  |
| MJ | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| BITY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| BAGY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| SWAN | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| ISWN | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| AIVC | &nbsp;&nbsp;&nbsp; 2223 | &nbsp;&nbsp;&nbsp; —  |
| TLTP | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| ITEQ | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| COWS | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| HCOW | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| DIVO | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| QDVO | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| IDVO | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| HACK | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| IPAY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| ETHO | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| YYY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| SILJ | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| BATT | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| NDIV | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| IBUY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| SOFR | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| USNG | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| CNBS | &nbsp;&nbsp;&nbsp; 10346463 | &nbsp;&nbsp;&nbsp; —  |
| SLJY | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| SMAP | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| BLOK | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| AWAY | &nbsp;&nbsp;&nbsp; 5850 | &nbsp;&nbsp;&nbsp; —  |
| GAMR | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| THNR | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |

---

At September 30, 2025, the Funds had the following capital loss carryforwards:

---

| | | | |
|:---|:---|:---|:---|
|  | **Short-Term** | **Long-Term** | **Expires**  |
| AIEQ | $(24462817) | $— | Unlimited  |
| MJ | (453188151) | (1431641384) | Unlimited  |
| BITY |  |  | Unlimited  |
| BAGY | (141166) |  | Unlimited  |
| SWAN | (72685474) | (5241207) | Unlimited  |
| ISWN | (9870007) | (1296530) | Unlimited  |
| AIVC | (1500237) | (14305286) | Unlimited  |
| TLTP |  |  | Unlimited  |
| ITEQ | (11630622) | (30307285) | Unlimited  |
| COWS | (1027226) | (344262) | Unlimited  |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Short-Term** | **Long-Term** | **Expires**  |
| HCOW | $(89920) | $— | Unlimited  |
| DIVO |  |  | Unlimited  |
| QDVO |  | (1495024) | Unlimited  |
| IDVO |  |  | Unlimited  |
| HACK | (153067477) | (175470069) | Unlimited  |
| IPAY | (68849765) | (230763612) | Unlimited  |
| ETHO | (12419925) | (21818250) | Unlimited  |
| YYY | (24974897) | (62672881) | Unlimited  |
| SILJ | (201597322) | (260922837) | Unlimited  |
| BATT | (36533727) | (75444823) | Unlimited  |
| NDIV |  |  | Unlimited  |
| IBUY | (120973344) | (270527037) | Unlimited  |
| SOFR |  |  | Unlimited  |
| USNG | (1995) |  | Unlimited  |
| CNBS |  | (65567427) | Unlimited  |
| SLJY |  |  | Unlimited  |
| SMAP | (26369) |  | Unlimited  |
| BLOK | (69177977) | (276677711) | Unlimited  |
| AWAY | (57948007) | (83982806) | Unlimited  |
| GAMR | (14703292) | (34045889) | Unlimited  |
| THNR | (172336) | (151142) | 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 ended September 30, 2025 the following table shows the reclassifications made:

---

| | | |
|:---|:---|:---|
|  | **Distributable Earnings** <br>**(Accumulated Deficit)** | **Paid-In Capital**  |
| AIEQ | &nbsp;&nbsp;&nbsp; $(320618) | $320618  |
| MJ | &nbsp;&nbsp;&nbsp; 6170958 | (6170958)  |
| BITY | &nbsp;&nbsp;&nbsp; 1648 | (1648)  |
| BAGY | &nbsp;&nbsp;&nbsp; — | —  |
| SWAN | &nbsp;&nbsp;&nbsp; 3053 | (3053)  |
| ISWN | &nbsp;&nbsp;&nbsp; 9 | (9)  |
| AIVC | &nbsp;&nbsp;&nbsp; (2923372) | 2923372  |
| TLTP | &nbsp;&nbsp;&nbsp; (4262) | 4262  |
| ITEQ | &nbsp;&nbsp;&nbsp; (2789800) | 2789800  |
| COWS | &nbsp;&nbsp;&nbsp; (2857967) | 2857967  |
| HCOW | &nbsp;&nbsp;&nbsp; (504451) | 504451  |
| DIVO | &nbsp;&nbsp;&nbsp; (37894491) | 37894491  |
| QDVO | &nbsp;&nbsp;&nbsp; (3637920) | 3637920  |
| IDVO | &nbsp;&nbsp;&nbsp; (1880395) | 1880395  |
| HACK | &nbsp;&nbsp;&nbsp; (115906516) | 115906516  |
| IPAY | &nbsp;&nbsp;&nbsp; (15822201) | 15822201  |
| ETHO | &nbsp;&nbsp;&nbsp; (5539601) | 5539601  |
| YYY | &nbsp;&nbsp;&nbsp; 4306049 | (4306049)  |
| SILJ | &nbsp;&nbsp;&nbsp; (204947493) | 204947493  |
| BATT | &nbsp;&nbsp;&nbsp; (902353) | 902353  |
| NDIV | &nbsp;&nbsp;&nbsp; (1134695) | 1134695  |
| IBUY | &nbsp;&nbsp;&nbsp; (11586610) | 11586610  |

---

177<br>

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Distributable Earnings** <br>**(Accumulated Deficit)** | **Paid-In Capital**  |
| SOFR | &nbsp;&nbsp;&nbsp;&nbsp; $— | $—  |
| USNG | &nbsp;&nbsp;&nbsp;&nbsp; (32038) | 32038  |
| CNBS | &nbsp;&nbsp;&nbsp;&nbsp; 5630424 | (5630424)  |
| SLJY | &nbsp;&nbsp;&nbsp;&nbsp; (266655) | 266655  |
| SMAP | &nbsp;&nbsp;&nbsp;&nbsp; — | —  |
| BLOK | &nbsp;&nbsp;&nbsp;&nbsp; (52289822) | 52289822  |
| AWAY | &nbsp;&nbsp;&nbsp;&nbsp; (2244515) | 2244515  |
| GAMR | &nbsp;&nbsp;&nbsp;&nbsp; (1994495) | 1994495  |
| THNR | &nbsp;&nbsp;&nbsp;&nbsp; (68499) | 68499 |

---

During the year ended September 30, 2025, 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.

---

| | |
|:---|:---|
|  | **Year/Period Ended** <br>**September 30, 2025**  |
| AIEQ | &nbsp;&nbsp; $320617  |
| MJ | &nbsp;&nbsp; (6170958)  |
| BITY | &nbsp;&nbsp; —  |
| BAGY | &nbsp;&nbsp; —  |
| SWAN | &nbsp;&nbsp; (2955)  |
| ISWN | &nbsp;&nbsp; —  |
| AIVC | &nbsp;&nbsp; 2923372  |
| TLTP | &nbsp;&nbsp; 4262  |
| ITEQ | &nbsp;&nbsp; 2789800  |
| COWS | &nbsp;&nbsp; 2816262  |
| HCOW | &nbsp;&nbsp; 504451  |
| DIVO | &nbsp;&nbsp; 34633911  |
| QDVO | &nbsp;&nbsp; 3638031  |
| IDVO | &nbsp;&nbsp; 1880395  |
| HACK | &nbsp;&nbsp; 115906516  |
| IPAY | &nbsp;&nbsp; 15822201  |
| ETHO | &nbsp;&nbsp; 5532204  |
| YYY | &nbsp;&nbsp; (522999)  |
| SILJ | &nbsp;&nbsp; 204775410  |
| BATT | &nbsp;&nbsp; 902353  |
| NDIV | &nbsp;&nbsp; 1134695  |
| IBUY | &nbsp;&nbsp; 11586610  |
| SOFR | &nbsp;&nbsp; —  |
| USNG | &nbsp;&nbsp; 32038  |
| CNBS | &nbsp;&nbsp; (5630424)  |
| SLJY | &nbsp;&nbsp; 266655  |
| SMAP | &nbsp;&nbsp; —  |
| BLOK | &nbsp;&nbsp; 52289822  |
| AWAY | &nbsp;&nbsp; 2343725  |
| GAMR | &nbsp;&nbsp; 1994495  |
| THNR | &nbsp;&nbsp; 68500 |

---

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**Amplify ETF Trust** 

**Notes to the Financial Statements** 

**March 31, 2026(Continued)** 

9. REVERSE STOCK SPLIT

During the year ended September 30, 2025, the following Fund's shares were adjusted to reflect reverse stock splits. The effect of these reverse stock splits was to reduce the number of shares outstanding in the Fund while maintaining the Fund's and each shareholder's aggregate net asset value. All historical per share information has been retroactively adjusted to reflect these reverse stock splits. Set forth below are details regarding the reverse splits effected on February 21, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund**  | **Date** | **Rate** | **Net Asset** <br>**Value** <br>**Before Split** | **Net Asset** <br>**Value** <br>**After Split** | **Shares** <br>**Outstanding** <br>**Before Split** | **Shares** <br>**Outstanding** <br>**After Split**  |
| MJ | February 21, 2025 | 1 for 12 | &nbsp;&nbsp;&nbsp;&nbsp;2.10  | &nbsp;&nbsp;&nbsp;&nbsp;25.21  | 69200000  | 5766667  |
| CNBS | February 21, 2025 | 1 for 12 | &nbsp;&nbsp;&nbsp;&nbsp;1.75  | &nbsp;&nbsp;&nbsp;&nbsp;20.93  | 39300000  | 3275000 |

---

10. ACCOUNTING PRONOUNCEMENTS AND/OR REGULATORY UPDATES

Management has evaluated the impact of adopting ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures with respect to the financial statements and disclosures and determined there is no material impact for the Fund(s). Each Fund operates as a single segment entity. Each Fund's income, expenses, assets, and performance are regularly monitored and assessed by the Adviser, who serves as the chief operating decision maker, using the information presented in the financial statements and financial highlights.

11. 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:

Effective May 28, 2026, AIVC will change its name to Amplify Bloomberg AI Equal Weight ETF and the name of the Index will change to "Bloomberg AI Value Chain Equal Weight Index."

Effective May 28, 2026, STBQ will change its name to Amplify Stablecoin Technology Leaders ETF and the name of the Index will change to "MarketVector Stablecoin Technology Leaders Index."

Effective May 28, 2026, TKNQ will change its name to Amplify Tokenization Technology Leaders ETF and the name of the Index will change to "MarketVector Tokenization Technology Leaders Index."

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**Amplify ETF Trust** 

**Additional Information** 

**March 31, 2026 (Unaudited)** 

**Qualified Dividend Income/Dividends Received Deduction** 

For the fiscal year ended September 30, 2025, 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 | 47.24% |
| MJ | 2.92% |
| BITY | 0.00% |
| BAGY | 0.00% |
| SWAN | 0.00% |
| ISWN | 0.00% |
| AIVC | 100.00% |
| TLTP | 0.00% |
| ITEQ | 100.00% |
| COWS | 94.07% |
| HCOW | 100.00% |
| DIVO | 41.04% |
| QDVO | 100.00% |
| IDVO | 83.30% |
| HACK | 100.00% |
| IPAY | 76.87%  |
| ETHO | 100.00%  |
| YYY | 15.89%  |
| SILJ | 6.47%  |
| BATT | 46.98%  |
| NDIV | 100.00%  |
| IBUY | 0.00%  |
| SOFR | 0.00%  |
| USNG | 0.00%  |
| CNBS | 0.00%  |
| SLJY | 0.91%  |
| SMAP | 100.00%  |
| BLOK | 11.63%  |
| AWAY | 0.00%  |
| GAMR | 88.34%  |
| THNR | 46.27% |

---

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year ended September 30, 2025 was as follows:

---

| | |
|:---|:---|
| AIEQ | 67.87% |
| MJ | 0.72% |
| BITY | 0.00% |
| BAGY | 0.00% |
| SWAN | 0.00% |
| ISWN | 0.00% |
| AIVC | 100.00% |
| TLTP | 0.22% |

---

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**Amplify ETF Trust** 

**Additional Information** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
| ITEQ | 52.21% |
| COWS | 93.79% |
| HCOW | 100.00% |
| DIVO | 40.57% |
| QDVO | 100.00% |
| IDVO | 4.06% |
| HACK | 100.00% |
| IPAY | 70.28%  |
| ETHO | 100.00%  |
| YYY | 1.01%  |
| SILJ | 0.60%  |
| BATT | 1.45%  |
| NDIV | 65.60%  |
| IBUY | 0.00%  |
| SOFR | 0.00%  |
| USNG | 0.00%  |
| CNBS | 0.00%  |
| SLJY | 0.00%  |
| SMAP | 0.00%  |
| BLOK | 6.67%  |
| AWAY | 0.00%  |
| GAMR | 19.78%  |
| THNR | 21.01% |

---

**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% |
| MJ | 0.00% |
| BITY | 9.81% |
| BAGY | 0.00% |
| SWAN | 0.00% |
| ISWN | 0.00% |
| AIVC | 0.00% |
| TLTP | 40.05% |
| ITEQ | 0.00% |
| COWS | 0.00% |
| HCOW | 0.00% |
| DIVO | 85.77% |
| QDVO | 0.00% |
| IDVO | 0.00% |
| HACK | 0.00% |
| IPAY | 0.00%  |
| ETHO | 0.00%  |
| YYY | 0.00%  |
| SILJ | 0.00%  |
| BATT | 0.00% |

---

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**Amplify ETF Trust** 

**Additional Information** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
| NDIV | 0.00%  |
| IBUY | 0.00%  |
| SOFR | 0.00%  |
| USNG | 0.00%  |
| CNBS | 0.00%  |
| SLJY | 0.00%  |
| SMAP | 0.00%  |
| BLOK | 0.00%  |
| AWAY | 0.00%  |
| GAMR | 0.00%  |
| THNR | 63.35% |

---

**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 ended September 30, 2025. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.

---

| | | | |
|:---|:---|:---|:---|
|  | **Credible Foreign** <br>**Taxes Paid** | **Per Share** <br>**Amount** | **Portion of Ordinary** <br>**Income Distribution** <br>**Derived from** <br>**Foreign Sourced** <br>**Income**  |
| BATT | &nbsp;&nbsp;&nbsp; $59915 | $0.1481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94.42%  |
| IDVO | &nbsp;&nbsp;&nbsp; 464840 | 0.4314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93.62%  |
| ITEQ | &nbsp;&nbsp;&nbsp; 55863 | 0.2233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89.21%  |
| SILJ | &nbsp;&nbsp;&nbsp; 649677 | 0.0809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93.95% |

---

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.

**ARTIFICIAL INTELLIGENCE RISK (AIEQ and AIVC)** 

Investing in companies involved in artificial intelligence presents unique risks, including exposure to limited markets, rapid technological change, and evolving government regulation. Such companies may have restricted product lines, financial resources, or personnel, which can lead to increased volatility in their securities, particularly for smaller or start-up firms. Rapid advancements in technology may materially affect operating results, and reliance on intellectual property protections may not prevent competitors from developing similar or superior technologies. Significant expenditures on research and development may not result in successful products or services.

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**Amplify ETF Trust** 

**Additional Information** 

**March 31, 2026 (Unaudited)(Continued)** 

**BIOTECHNOLOGY COMPANIES RISK (CNBS and MJ)** 

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.

**BITCOIN RISK (BAGY, BITY, and BLOK)** 

Bitcoin is a relatively new innovation and the market for bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the Bitcoin network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The value of bitcoin has been, and may continue to be, substantially dependent on speculation, such that trading and investing in these assets generally may not be based on fundamental analysis. 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 the digital asset trading venues on which bitcoin trades. The Bitcoin blockchain may contain flaws that can be exploited by hackers. A significant portion of bitcoin is held by a small number of holders sometimes referred to as "whales." Transactions of these holders may influence the price of bitcoin.

Unlike the exchanges for more traditional assets, such as equity securities and futures contracts, bitcoin and the digital asset trading venues on which it trades are largely unregulated and highly fragmented and digital asset trading venues may be operating out of compliance with regulations. As a result of the lack of regulation, individuals or groups may engage in fraud or market manipulation (including using social media to promote bitcoin in a way that artificially increases the price of bitcoin). Investors may be more exposed to the risk of theft, fraud and market manipulation than when investing in more traditional asset classes. Over the past several years, a number of digital asset trading venues have been closed due to fraud, failure or security breaches. Investors in bitcoin may have little or no recourse should such theft, fraud or manipulation occur and could suffer significant losses. Legal or regulatory changes may negatively impact the operation of the Bitcoin network or restrict the use of bitcoin.

The Bitcoin blockchain and its native crypto asset, bitcoin, face numerous challenges to gaining widespread adoption as an alternative payments system, including the slowness of transaction processing and finality, variability in transaction fees and volatility in bitcoin's price. It is not clear that the Bitcoin blockchain or bitcoin can overcome these and other impediments, which could harm the long-term adoption of the Bitcoin blockchain and bitcoin as an alternative payment system, and thereby negatively impact the price of bitcoin.

**BITCOIN ETF RISK (BAGY and BITY)** 

Bitcoin ETPs are exchange-traded investment products not registered under the 1940 Act that seek to generally match the performance of the price of bitcoin, and trade intra-day on a national securities exchange. Shares of Bitcoin ETPs are not traded at net asset value, but may trade at prices above or below the value of their underlying portfolios. The level of risk involved in the purchase or sale of Bitcoin ETPs is similar to the risk involved in the purchase or sale of an exchange traded fund, and generally reflect the risks of owning the underlying bitcoin and cash that the Bitcoin ETP holds. Bitcoin ETPs are subject to management fees and other fees that may increase their costs versus the costs of owning bitcoin directly. Bitcoin ETPs generally determine the price of bitcoin by reference to a benchmark rate or index, and therefore may not the global price of bitcoin, or the price of bitcoin on any one digital asset trading platform. In the event the price used by the Bitcoin ETP deviates from the global price of bitcoin, the Fund's returns may be adversely affected.

**BLOCKCHAIN COMPANIES RISK (STBQ and TKNQ)** 

Blockchain technology is relatively new and many of its uses may be untested. There is no assurance that widespread adoption of blockchain technology will occur, and the development and acceptance of competing platforms or technologies may cause consumers or investors to use an alternative to blockchain technology. Companies relying heavily on blockchain technology may be subject to more volatility and less trading volume than securities of companies in more established industries. Companies that are developing applications of blockchain technology may not in fact do so or may not be able to capitalize on those blockchain technologies. A proliferation of recent companies attempting to apply blockchain technology in different contexts means the possibility of conflicting intellectual

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property claims. The adoption of blockchain technology may be impaired by laws or regulations. Further, blockchain technology may be subject to future laws or regulations that may be difficult to predict. In addition, because blockchain functionality relies on the internet, a significant disruption of internet connectivity affecting large numbers of users or geographic areas could impede the functionality of blockchain technologies. Certain features of blockchain technology may increase the risk of fraud or cyber-attack. Companies relying heavily on blockchain technology may be adversely affected by fluctuations in, and manipulation of, the price of digital assets and a lack of liquid markets or acceptance for certain digital assets or government policies.

**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.

**CALL OPTION STRATEGY RISK (BAGY, BITY, EHY, ETTY, SOLM, and XRPM)** 

The Fund will employ its call option strategy by writing call options on the Bitcoin ETP. The risk associated with a covered call option strategy 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) call option contracts over a greater portion of its portfolio, its ability to benefit from the potential for capital appreciation of the Bitcoin ETP 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 in the case of physically settled options, or the cash value thereof in the case of cash-settled options.

**CANNABIS INDUSTRY RISK (CNBS and MJ)** 

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 supervision 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

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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.

**CLOUD TECHNOLOGY COMPANY RISK (AIVC)** 

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.

**CONCENTRATION RISK (AIEQ, AIVC, COWS, GAMR, IBUY, IPAY, ITEQ, MJ, SILJ, STBQ, THNR, TKNQ, and YYY)** 

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 STAPLES SECTOR RISK (DIVO, IBUY, and MJ)** 

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.

**COUNTERPARTY RISK (BAGY, BITY, BLOK, CNBS, COWS, DIVO, EHY, ETTY, HAKY, HCOW, QDVO, SLJY, SOFR, SOLM, STBQ, TKNQ, and XRPM)** 

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.

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**COVERED CALL RISK (DIVO, HAKY, 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.

**CRYPTOCURRENCY RISK (BAGY, BITY, and BLOK)** 

Cryptocurrencies operate without central authority or banks and are not backed by any government. They are often referred to as "virtual currency" or "digital currency," and function as decentralized, peer-to-peer financial exchanges and value storage that are used like money. Cryptocurrencies are not legal tender. Federal, state, or foreign governments may restrict the use and exchange of cryptocurrencies, and regulation in the U.S. is still developing. Cryptocurrency exchanges may stop operating or permanently shut down due to fraud, technical glitches, hackers, or malware. Investment vehicles with exposure to cryptocurrencies such as bitcoin may be affected by the high volatility associated with such cryptocurrency exposure. Holdings in investment vehicles that hold cryptocurrency assets are subject to applicable limitations of regulatory regimes, which are subject to change. The investment vehicles through which exposure to cryptocurrencies is obtained may not be registered investment companies, and therefore, investors may not, as shareholders of such investment vehicles, receive the protections afforded to shareholders of an investment company under the 1940 Act in connection with their investment in such investment vehicles.

**CUSTODY RISK (BAGY, BITY, EHY, and ETTY)** 

Security breaches, computer malware and computer hacking attacks have been a prevalent concern in relation to digital assets. The bitcoin held by the Bitcoin ETPs' custodian will likely be an appealing target to hackers or malware distributors seeking to destroy, damage or steal the Bitcoin ETPs' bitcoins. To the extent that the Bitcoin ETPs and their service providers are unable to identify and mitigate or stop new security threats or otherwise adapt to technological changes in the digital asset industry, a Bitcoin ETP's bitcoins may be subject to theft, loss, destruction or other attack.

**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.

**DEBT SECURITIES RISK (YYYM)** 

Investments in debt securities subject the holder to the credit risk of the issuer. Credit risk refers to the possibility that the issuer or other obligor of a security will not be able or willing to make payments of interest and principal when due. Generally, the value of debt securities will change inversely with changes in interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. During periods of falling interest rates, the income received by the Fund may decline. If the principal on a debt security is prepaid before expected, the prepayments of principal may have to be reinvested in obligations paying interest at lower rates. Debt securities generally do not trade on a securities exchange making them generally less liquid and more difficult to value than common stock.

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**DEPOSITARY RECEIPTS RISK (CNBS, DIVO, HAKY, IBUY, IDVO, IPAY, ITEQ, 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 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.

**DERIVATIVES RISK (BATT, BLOK, CNBS, COWS, HCOW, SOFR, SWAN, and TLTP)** 

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.

**DIGITAL ASSET REGULATORY RISK (BAGY, BITY, EHY, ETTY, STBQ, and TKNQ)** 

There is a lack of consensus regarding the regulation of digital assets, including bitcoin, and their markets. As a result of the growth in the size of the digital asset market, as well as in response to several events that occurred in 2022, including the collapse of the algorithmic stablecoin TerraUSD and its paired crypto asset LUNA in May 2022 and the collapse and bankruptcy of FTX Trading Ltd., an offshore digital asset trading venue specializing in crypto derivatives in November 2022, each which contributed to a significant decline in the price of bitcoin, the U.S. Congress and a number of U.S. federal and state agencies (including FinCEN, SEC, OCC, CFTC, FINRA, the Consumer Financial Protection Bureau, the Department of Justice, the Department of Homeland Security, the Federal Bureau of Investigation, the Internal Revenue Service, state financial institution regulators, and others) have been examining the operations of digital asset networks, digital asset users and the digital asset markets. Many of these state and federal agencies have brought enforcement actions or issued consumer advisories regarding the risks posed by digital assets to investors. Ongoing and future regulatory actions with respect to digital assets generally or bitcoin in particular may alter, perhaps to a materially adverse extent, the nature of an investment in the shares of a Bitcoin ETP or the ability of the Bitcoin ETP to continue to operate.

**DIGITAL ASSET TRADING PLATFORMS RISK (BAGY, BITY, EHY, and ETTY)** 

Digital asset platforms are relatively new and, in some cases, unregulated. Many operate outside the United States. Furthermore, while many prominent digital asset platforms provide the public with significant information regarding their ownership structure, management teams, corporate practices and regulatory compliance, many digital asset platforms do not provide this information. Digital asset platforms may not be subject to, or may not comply with, regulation in a similar manner as other regulated trading platforms, such as national securities exchanges or designated contract markets. As a result, the marketplace may lose confidence in digital asset platforms, including prominent platforms that handle a significant volume of bitcoin trading.

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**DISTRIBUTION TAX RISK (BAGY, BITY, EHY, ETTY, HAKY, SLJY, and SOLM)** 

The Fund currently expects to make distributions on a monthly basis, a portion of which may be considered return of capital. While the Fund will normally pay its income as distributions, the Fund's distributions may exceed the Fund's income and gains for the Fund's taxable year. The Fund may be required to reduce its distributions if it has insufficient cash flow. Distributions in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital. Distributions not in excess of the Fund's earnings and profits, will be taxable to Fund shareholders and will not constitute nontaxable returns of capital. A return of capital distribution generally will not be taxable currently but will reduce the shareholder's cost basis and will result in a higher capital gain or lower capital loss when those Fund shares on which the distribution was received are sold. Once a Fund shareholder's cost basis is reduced to zero, further distributions will be treated as capital gain, if the Fund shareholder holds shares of the Fund as capital assets. Because the Fund's distributions may consist of return of capital, the Fund may not be an appropriate investment for investors who do not want their principal investment in the Fund to decrease over time or who do not wish to receive return of capital in a given period.

**EMERGING MARKETS RISK (AIVC, AWAY, BATT, CNBS, GAMR, HACK, HAKY, IBUY, IDVO, IPAY, NDIV, 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 COMPANIES RISK (USNG)** 

The success of energy companies may be cyclical and highly dependent on energy prices. The market value of securities issued by energy companies may decline for many reasons, including, among other things, 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 may also operate in, or engage in transactions involving, countries with less developed regulatory regimes or a history of expropriation, nationalization or other adverse policies. 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.

**ENERGY SECTOR RISK (COWS, DIVO, IDVO, NDIV, and USNG)** 

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

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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, HAKY, HCOW, IBUY, IDVO, NDIV, QDVO, SLJY, STBQ, THNR, TKNQ, and TLTP)** 

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.

**ESG RISK (ETHO and SMAP)** 

To the extent ESG factors are utilized to evaluate a fund's investments, the consideration of such factors may adversely affect the fund's performance. Not every ESG factor may be identified or evaluated for every investment. ESG characteristics are not the only factors considered and, as a result, the issuers in which a fund invests may not be issuers with favorable ESG characteristics or high ESG ratings. When integrating ESG factors into the investment process, a fund may rely on third-party data that it believes to be reliable, but it does not guarantee the accuracy of such third-party data. ESG information from third-party data providers may be incomplete, inaccurate, or unavailable, which may adversely impact the investment process. Moreover, ESG information, whether from an external and/or internal source, is, by nature and in many instances, based on a qualitative and subjective assessment. An element of subjectivity and discretion is therefore inherent to the interpretation and use of ESG data. The current lack of common standards may result in different approaches to integrating ESG factors. Any of these factors could adversely affect a fund's performance.

**ETHEREUM FUTURES ETF RISK (EHY and ETTY)** 

Ethereum Futures ETFs are exchange-traded investment products registered under the 1940 Act that seek investment results that correspond to the performance of ether primarily through investments in ether futures contracts. Ethereum Futures ETFs trade on a securities exchange, although the shares of an Ethereum Future ETF may, at times, trade at a premium or discount to its net asset value. Ethereum Future ETFs have managed exposure to ether futures contracts, which primarily consistent of standardized, cash-settled ether futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission ("CFTC").

**FAILURE TO QUALIFY AS A REGULATED INVESTMENT COMPANY RISK (SMAP and TLTP)** 

If, in any year, the Fund fails to qualify as a regulated investment company under the applicable tax laws, the Fund would be taxed as an ordinary corporation. In such circumstances, the Fund could be required to recognize unrealized gains, pay substantial taxes and interest and make substantial distributions before requalifying as a regulated investment company that is accorded special tax treatment. If the Fund fails to qualify as a regulated investment company, distributions to the Fund's shareholders generally would be eligible for the dividends received deduction in the case of corporate shareholders.

**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

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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.

**FUND OF FUNDS RISK (YYY and YYYM)** 

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 and MJ)** 

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 (BLOK, IBUY and HAKY)** 

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

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introductions. Information technology companies may be smaller and less experienced companies, with limited product 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 (BAGY, BITY, EHY, ETTY, SMAP, SOLM, SWAN, TLTP, and XRPM)** 

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.

**IRREVOCABILITY OF TRANSACTIONS RISK (BAGY, BITY, EHY, and ETTY)** 

Bitcoin transactions are typically not reversible without the consent and active participation of the recipient of the transaction. Once a transaction has been verified and recorded in a block that is added to the Bitcoin blockchain, an incorrect transfer or theft of bitcoin generally will not be reversible and a Bitcoin ETP may not be capable of seeking compensation for any such transfer or theft. It is possible that, through computer or human error, or through theft or criminal action, a Bitcoin ETP's bitcoin could be transferred from the Bitcoin ETP's account at its custodian in incorrect amounts or to unauthorized third parties, or to uncontrolled accounts.

**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, QDVO, STBQ,** 

**TKNQ, and USNG)** 

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.

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**LEVERAGE RISK (YYY and YYYM)** 

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 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 and YYYM)** 

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 and USNG)** 

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.

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**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, SILJ and SLJY)** 

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 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)** 

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.

**MLP TAX RISK (USNG)** 

In order to qualify as a regulated investment company for federal tax purposes, the Fund may invest no more than 25% of its total assets in the securities of qualified publicly traded partnerships, which generally include MLPs. If the Fund's holdings of MLP interests exceeds 25% of its total assets as of the end of any quarter of any taxable year, then the Fund may lose its status as a regulated investment company. If the Fund's holdings of MLP interests increases beyond 25% solely due to fluctuations in market value, then that increase will not cause the Fund to lose its status as a regulated investment company.

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**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.

**MUNICIPAL BOND MARKET LIQUIDITY RISK (YYYM)** 

Inventories of municipal bonds held by brokers and dealers may decrease, lessening their ability to make a market in these securities. Any reduction in market-making capacity has the potential to decrease an Underlying Fund's ability to buy or sell municipal bonds and increase price volatility and trading costs, particularly during periods of economic or market stress. As a result, an Underlying Fund may be forced to accept a lower price to sell a municipal bond, to sell other securities to raise cash, or to give up an investment opportunity, any of which could have a negative effect on performance.

**NATURAL GAS COMPANIES RISK (USNG)** 

One of natural gas companies' primary risks is the competitive risk associated with the prices of alternative fuels, such as coal and oil. For example, major natural gas customers such as industrial users and electric power generators often have the ability to switch between the use of coal, oil or natural gas. During periods when competing fuels are less expensive, the revenues of gas utility companies may decline with a corresponding impact on earnings. After years of booming production, natural gas firms have recently begun scaling back after record low prices and huge surpluses. Weather is another risk that may affect natural gas companies. Mild weather contributes to a scaled back demand for natural gas and declining stock prices for natural gas companies. The demand for natural gas correlates closely with general economic growth rates. The occurrence of recessions or other periods of low or negative economic growth will typically have a direct adverse impact on natural gas demand and natural gas prices. Natural gas companies are also sensitive to increased interest rates because of the capital intensive nature of their business. The demand for natural gas has traditionally been cyclical, with higher demand during winter months and lower demand during summer months. Natural gas prices are subject to volatile, sudden, unpredictable and/or temporary price movements over short periods of time.

**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 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 and MJ)** 

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

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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 (BAGY, BITY, EHY, ETTY, DIVO, HAKY, IDVO, ISWN, QDVO, SOLM, SWAN, and XRPM)** 

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 THNR)** 

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.

**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

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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.

**POSITION LIMITS RISK (BAGY, BITY, EHY, and ETTY)** 

The options exchanges have established limits on the maximum number of puts and calls covering the same underlying security that may be held or written by a single investor or group of investors acting in concert or under common control (regardless of whether the options are purchased or written on the same or different exchanges or are held or written in one or more accounts or through one or more brokers). These are referred to as "position limits." The position limit applicable to a particular option class is determined by the options exchange based on the number of shares outstanding and trading volume of the security underlying the option. The rules of the options markets generally limit the maximum number of options on the same side of the market (i.e., calls held plus puts written, or puts held plus calls written) with respect to a single underlying interest that may be carried in the accounts of a single investor or group of investors acting in concert. An options market may require that positions in certain Bitcoin ETP Options be aggregated with positions in certain other options for purposes of calculating position limits.

**REIT RISK (AIEQ and SMAP)** 

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.

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**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.

**SILVER EXPLORATION AND PRODUCTION INDUSTRY CONCENTRATION RISK (SILJ and SLJY)** 

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.

**SILVER INVESTING RISK (SILJ and SLJY)** 

Silver prices have historically experienced significant and unpredictable fluctuations. Several factors may have the effect of causing a decline in the prices of silver and a corresponding decline in the price of the shares. Among them: (i) A change in economic conditions, such as a recession, can adversely affect the price of silver. Silver is used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the shares. (ii) A significant change in the attitude of speculators and investors towards silver. Should the speculative community take a negative view towards silver, a decline in world silver prices could occur, negatively impacting the price of the shares. (iii) A significant increase in silver price hedging activity by silver producers. Traditionally, silver producers have not hedged to the same extent as other producers of precious metals (gold, for example) do. Should there be an increase in the level of hedge activity of silver producing companies, it could cause a decline in world silver prices, adversely affecting the price of the shares of the Silver ETPs.

**SMALLER COMPANIES RISK (AIVC, CNBS, COWS, GAMR, HAKY, IPAY, ITEQ, MJ, NDIV,** 

**SILJ, and USNG)** 

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.

**SMALL- AND MEDIUM-SIZED COMPANIES RISK (SMAP, STBQ, and TKNQ)** 

Investors in small- and medium-sized companies typically take on greater risk and price volatility than they would by investing in larger, more established companies. This increased risk may be due to the greater business risks of their small or medium size, limited markets and financial resources, narrow product lines and frequent lack of management depth. The securities of small- and medium-sized companies are often traded in the over-the-counter market and might not be traded in volumes typical of securities traded on a national securities exchange. Thus, the securities of small and medium capitalization companies are likely to be less liquid, and subject to more abrupt or erratic market movements, than securities of larger, more established companies.

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**SOFR RISK (SOFR)** 

SOFR is intended to broadly measure the cost of overnight borrowing collateralized by U.S. Treasury securities. As a financing rate based on overnight secured transactions, SOFR differs fundamentally from other established rates, and there is no assurance that SOFR or SOFR-based rates will perform similarly to other benchmarks. SOFR is relatively new, has not been widely implemented, and may not be widely accepted in the market. Its limited history means future performance cannot be predicted. SOFR may also be more volatile than other benchmark rates, reflecting the volatility of the overnight U.S. Treasury repo market. The Federal Reserve Bank of New York has conducted operations in this market to maintain the federal funds rate, but there is no assurance such operations will continue, and their impact is uncertain and could adversely affect investments linked to SOFR.

**SOLANA FUTURES ETF RISK (SOLM)** 

Solana Futures ETFsare exchange-traded investment products registered under the 1940 Act that seek investment results that correspond to the performance of SOL primarily through investments in SOL futures contracts. Solana Futures ETFs trade on a securities exchange, although the shares of a Solana Futures ETF may, at times, trade at a premium or discount to its net asset value. Solana Futures ETFs have managed exposure to SOL futures contracts, which primarily consistent of standardized, cash-settled SOL futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission ("CFTC").

**STABLECOIN RISK (STBQ)** 

Stablecoins are digital tokens designed to maintain a stable value relative to a reference asset, most commonly the U.S. dollar, and are widely used as a medium of exchange and store of value within crypto markets. Despite their intended stability, stablecoins are subject to unique risks that may impact their value, utility, and adoption. Stablecoins circulate on public blockchains, where transactions are transparent and tamper-resistant, but their stability depends on the credibility of their underlying reserves or mechanisms, market liquidity, and the effectiveness of arbitrage. Stablecoins may be issued by centralized entities and backed by fiat reserves, by decentralized protocols using on-chain collateral, or through algorithmic mechanisms that attempt to maintain pegs without full reserves. Each design presents distinct risks: reserve-backed stablecoins are exposed to risks related to the composition, liquidity, and custody of reserves, as well as the quality and frequency of attestations or audits. Protocol-based stablecoins depend on the quality and volatility of collateral, overcollateralization ratios, and the security of smart contracts.

**SUBSIDIARY INVESTMENT RISK (BAGY, BITY, EHY, ETTY, SOLM, STBQ, TKNQ and XRPM)** 

Changes in the laws of the United States and/or the Cayman Islands, under which the Fund and the Subsidiary are organized, respectively, could result in the inability of the Fund to operate as intended and could negatively affect the Fund and its shareholders. The Subsidiary is not registered under the 1940 Act and is not subject to all the investor protections of the 1940 Act. However, as the Subsidiary is wholly-owned by the Fund, and the investors of the Fund will have the investor protections of the 1940 Act, the Fund as a whole — including the Subsidiary — will provide investors with 1940 Act protections.

**TECHNOLOGY COMPANIES RISK (AIVC, AWAY, GAMR, HACK, IPAY, ITEQ, STBQ, and TKNQ)** 

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,

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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.

**TOKENIZATION RISK (TKNQ)** 

Tokenization refers to the process of representing ownership of securities as digital tokens on a distributed ledger or blockchain platform. Tokenization involves converting the rights to a security — such as shares, bonds, or other financial instruments — into a digital token that can be securely recorded, transferred, and tracked using blockchain technology. These digital tokens are intended to serve as a digital representation of the underlying security, and may facilitate more efficient transactions, enhanced transparency, and streamlined recordkeeping.

**U.S. TREASURY SECURITIES RISK (EHY, ETTY, ISWN, SOLM, SWAN, TLTP, and XRPM)** 

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.

**UTILITIES COMPANIES RISK (USNG)** 

Utilities companies include companies producing or providing gas, electricity or water. These companies are subject to the risk of the imposition of rate caps, increased competition due to deregulation, the difficulty in obtaining an adequate return on invested capital or in financing large construction projects counterparty risk, the limitations on operations and increased costs and delays attributable to environmental considerations and the capital market's ability to absorb utility debt. In addition, taxes, government regulation, domestic and international politics, price and supply fluctuations, volatile interest rates and energy conservation may negatively affect utilities companies.

**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.

**VOLATILITY RISK (BAGY, BITY, EHY, and ETTY)** 

The trading prices of many digital assets, including bitcoin, have experienced extreme volatility in recent periods and may continue to do so. For instance, there were steep increases in the value of certain digital assets, including bitcoin, over the course of 2021, and multiple market observers asserted that digital assets were experiencing a "bubble." These increases were followed by steep drawdowns throughout 2022 in digital asset trading prices, including for bitcoin. These episodes of rapid price appreciation followed by steep drawdowns have occurred multiple times throughout bitcoin's history, including in 2011, 2013-2014, and 2017-2018, before repeating again in 2021-2022. Over the course of 2023, bitcoin prices continued to exhibit extreme volatility. Over the past ten years (using data ending July 31, 2024), bitcoin has exhibited a historical annualized volatility of 69.84% and maximum annual price decrease of 81.51%.

**XRP FUTURES ETF RISK (XRPM)** 

XRP Futures ETFs are exchange-traded investment products registered under the 1940 Act that seek investment results that correspond to the performance of XRP primarily through investments in XRP futures contracts. XRP Futures ETFs trade on a securities exchange, although the shares of a XRP Futures ETF may, at times, trade at a premium or discount to its net asset value. XRP Futures ETFs have managed exposure to XRP futures contracts, which primarily consistent of standardized, cash-settled XRP futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission ("CFTC").

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)** 

**The below information is required disclosure from Form N-CSRS.** 

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** 

There were no changes in or disagreements with accountants during the period covered by this report.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.** 

There were no matters submitted to a vote of shareholders during the period covered by this report.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** 

Under the Investment Advisory Agreement, in exchange for a single investment advisory fee from each Fund, with the exception of CNBS, the Adviser has agreed to pay all expenses incurred by the Funds, including Trustee compensation, except for certain excluded expenses. For CNBS, remuneration paid to directors, officers and others is included in the Statement of Operations under the line items "Compliance fees", "Principal Financial Officer fees" and "Trustees' fees".

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

Pursuant to Section 15(c) of the Investment Company Act of 1940 (the "1940 Act"), at a meeting held on

&nbsp;&nbsp;&nbsp;&nbsp;(i) November 12, 2025,<sup>1</sup> the Board considered
 the approval of, and approved, the Investment Management Agreement between the Trust and the Adviser and:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the Investment Sub-Advisory Agreement between
 (1) the Adviser and Penserra Capital Management LLC ("Penserra") and (2) the Adviser and Capital Wealth Planning LLC ("CWP")
 on behalf of the Amplify ETF Fund noted below:

**AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF ("DIVO")** 

&nbsp;&nbsp;&nbsp;&nbsp;(b) the Investment Sub-Advisory Agreement between
 the Adviser and Tidal Investments LLC ("Tidal"), on behalf of the Amplify ETF Fund noted below:

**AMPLIFY AI POWERED EQUITY ETF ("AIEQ")** 

**AMPLIFY BLOCKCHAIN TECHNOLOGY ETF ("BLOK")** 

**AMPLIFY BLUESTAR ISREAL TECHNOLOGY ETF ("ITEQ")** 

**AMPLIFY ENERGY & NATURAL RESOURCES COVERED CALL ETF ("NDIV")** 

**AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF ("ETHO")** 

**AMPLIFY HACK CYBERSECURITY COVERED CALL ETF** 

**AMPLIFY JUNIOR SILVER MINERS ETF ("SILJ")** 

**AMPLIFY LITHIUM AND BATTERY TECHNOLOGY ETF ("BATT")** 

&nbsp;&nbsp;&nbsp;&nbsp;(c) the Investment Sub-Advisory Agreement between
 (1) the Adviser and Tidal and (2) the Adviser and Seymour Asset Management, LLC ("SAM") on behalf of the Amplify ETF Funds
 noted below:

**AMPLIFY SEYMOUR CANNABIS ETF ("CNBS")** 

**AMPLIFY ALTERNATIVE HARVEST ETF ("MJ")** 

&nbsp;&nbsp;&nbsp;&nbsp;(d) the Investment Sub-Advisory Agreements 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")** 

<sup>1</sup> The Securities and Exchange Commission issued an order on March 25, 2020, granting exemptions from certain provisions of the Investment Company Act of 1940 (the "Company Act") requiring the votes of the board of directors be cast in-person (the "Order"). On June 19, 2020, the Commission extended that Order until such date to be specified in a public notice which will be "no earlier than December 31, 2020". See https://www.sec.gov/rules/exorders/2020/ic-33897.pdf. To date, the Commission has not issued any such public notice.

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)(Continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;(e) the Investment Sub-Advisory Agreements between
 the Adviser and Samsung Asset Management (New York), Inc. ("Samsung") on behalf of the Amplify ETF Fund noted below:

**AMPLIFY BLOOMBERG U.S. TRESURY 12% PREMIUM INCOME ETF ("TLTP")** 

**AMPLIFY SAMSUNG SOFR ETF ("SOFR")** 

&nbsp;&nbsp;&nbsp;&nbsp;(f) the Investment Sub-Advisory Agreements between
 the Adviser and Penserra on behalf of the Amplify ETF Fund noted below:

**AMPLIFY STABLECOIN TECHNOLOGY ETF ("STBQ")** 

**AMPLIFY TOKENIZATION TECHNOLOGY ETF ("TKNQ")** 

**AMPLIFY MUNICIPAL CEF HIGH INCOME ETF ("YYYM")** 

&nbsp;&nbsp;&nbsp;&nbsp;(g) the Investment Sub-Advisory Agreements between
 (1) the Adviser and Penserra and (2) the Adviser and Kelly Strategic Management, LLC ("Kelly Intelligence") on behalf of the
 Amplify ETF Fund noted below:

**AMPLIFY XRP 3% MONTHLY OPTION INCOME ETF ("XRPM")** 

**and** 

&nbsp;&nbsp;&nbsp;&nbsp;(ii) February 10, 2026,<sup>1</sup> the Board considered
 the approval of, and approved, the Investment Management Agreement between the Trust and the Adviser and:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the Investment Sub-Advisory Agreements between
 the Adviser and Penserra on behalf of the Amplify ETF Fund noted below:

**AMPLIFY MUNICIPAL CEF HIGH INCOME ETF ("YYYM")** 

Each of the dates referenced above (November 12, 2025 and February 10, 2026) will be hereinafter referred to as the "Approval Meeting" with respect to the ETF Funds approved on such date.

With respect to **AIEQ, BLOK, ITEQ, NDIV, ETHO, HAKY, SILJ, and BATT**, the term "Sub-Adviser" shall mean Tidal. With respect to **DIVO**, the term "Sub-Adviser" shall mean both Penserra and CWP. With respect to **CNBS and MJ**, the term "Sub-Adviser" shall mean both Tidal and SAM. With respect to **ISWN and SWAN**, the term "Sub-Adviser" shall mean both Tidal and Cerity. With respect to **TLTP and SOFR**, the term "Sub-Adviser" shall mean Samsung. With respect to **STBQ, TKNQ and YYYM**, the term "Sub-Adviser" shall mean Penserra. With respects to **XRPM**, the term "Sub-Adviser" shall mean both Penserra and Kelly.

The Adviser and the Sub-Adviser for **DIVO** was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about June 22, 2016 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **DIVO** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about June 12, 2018, June 11, 2019, December 10, 2019, December 8, 2020, December 2, 2021, December 14, 2022, December 12, 2023, November 12, 2024, and November 12, 2025.

The Adviser and the Sub-Adviser for **BLOK** was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about June 22, 2016 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **BLOK** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about June 12, 2018, June 11, 2019, December 10, 2019, December 8, 2020, December 2, 2021, December 14, 2022, December 12, 2023, November 12, 2024, and November 12, 2025.

The Adviser and the Sub-Adviser for **BATT** was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about March 13, 2018 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **BATT** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about December 10, 2019, December 8, 2020, December 2, 2021, December 14, 2022, December 12, 2023, November 12, 2024, and November 12, 2025.

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

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)(Continued)** 

additional one-year terms at meetings held on October 14, 2018, September 15, 2020, September 14, 2021, September 13, 2022, September 12, 2023, August 13, 2024, August 14, 2024, August 12, 2025 and November 12, 2025.

Amplify and Penserra were originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about March 12, 2019 as the Adviser and the initial sub-adviser for **CNBS** for an initial two-year term. Thereafter, Amplify and Penserra were approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about December 8, 2020 and December 2, 2021 for additional one-year terms. At a meeting held on March 15, 2023, the Board, including a separate vote by its Independent Trustees, considered and approved adding SAM as a co-sub-adviser with Penserra (SAM and Penserra referred together hereinafter as the "Sub-Adviser") to the Fund for an additional one- year term. Thereafter, the Adviser and Sub-Adviser for **CNBS** were approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about December 12, 2023. At a meeting held on November 12, 2024, the Board, including a separate vote by its Independent Trustees, considered and approved adding Tidal as a co-sub-adviser with Penserra (Tidal and Penserra referred together hereinafter as the "Sub-Adviser") to the Fund for an additional one- year term and removing SAM as a co-sub-adviser. Thereafter, the Adviser and Sub-Adviser for CNBS was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at a meeting held on or about November 12, 2025.

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, August 13, 2024, August 14, 2024, August 12, 2025, and November 12, 2025.

The Adviser and the Sub-Adviser for **NDIV** was originally approved by the Board and separately by its Independent Trustees, at a meeting held on or about June 7, 2022 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **NDIV** was approved by the Board and separately by its Independent Trustees, for additional one-year terms at meetings held on or about May 14, 2024, May 13, 2025 and November 12, 2025.

The Adviser and the Sub-Adviser for **SOFR** was originally approved by the Board, and separately by its Independent Trustees, on September 12, 2023 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **SOFR** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about August 14, 2024, August 12, 2025 and November 12, 2025.

The Adviser and the Sub-Adviser for **SILJ**, **ITEQ**, **ETHO**, **and AIEQ** were originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about June 16, 2023 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **SILJ**, **ITEQ**, **ETHO**, **and AIEQ** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about May 13, 2025, and November 12, 2025.

The Adviser and the Sub-Adviser for **MJ** was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about June 16, 2023 for an initial two-year term. At a meeting held on November 12, 2024, the Board, including a separate vote by its Independent Trustees, considered and approved adding SAM as a co-sub-adviser with Tidal (SAM and Tidal referred together hereinafter as the "Sub-Adviser") to the Fund for an additional one- year term. Thereafter, the Adviser and Sub-Advisers for **MJ** were approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about May 13, 2025, and November 12, 2025.

The Adviser and the Sub-Adviser for **TLTP** was originally approved by the Board, and separately by its Independent Trustees, at a meeting held on or about August 13, 2024 for an initial two-year term. Thereafter, the Adviser and Sub-Adviser for **TLTP** was approved by the Board, and separately by its Independent Trustees, for additional one-year terms at meetings held on or about November 12, 2025.

The Adviser and the Sub-Adviser for **XRPM, STBQ, TKNQ and HAKY** was originally approved by the Board, and separately by its Independent Trustees, on November 12, 2025 for an initial two-year term.

The Adviser and the Sub-Adviser for **YYYM** was originally approved by the Board, and separately by its Independent Trustees, on February 10, 2026 for an initial two-year term.

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)(Continued)** 

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, 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: **DIVO, BLOK, BATT, SWAN, CNBS, ISWN, NDIV, SOFR, SILJ, ITEQ, ETHO, MJ, AIEQ and TLTP**; 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.

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)(Continued)** 

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:

---

| | | |
|:---|:---|:---|
| DIVO  | Amplify CWP Enhanced Dividend Income ETF ("DIVO")  | 0.55%  |
| BLOK  | Amplify Blockchain Technology ETF ("BLOK")  | 0.70%  |
| BATT  | Amplify Lithium & Battery Technology ETF ("BATT")  | 0.59%  |
| SWAN  | Amplify BlackSwan Growth & Treasury Core ETF ("SWAN")  | 0.49%  |
| CNBS  | Amplify Seymour Cannabis ETF ("CNBS")  | 0.65%<sup>2</sup>  |
| ISWN  | Amplify BlackSwan ISWN ETF ("ISWN")  | 0.49%  |
| NDIV  | Amplify Energy & Natural Resources Covered Call ETF ("NDIV")  | 0.59%  |
| SOFR  | Amplify Samsung SOFR ETF ("SOFR")  | 0.20%  |
| SILJ  | Amplify Junior Silver Miners ETF ("SILJ")  | 0.69%  |
| ITEQ  | Amplify BlueStar Israel Technology ETF ("ITEQ")  | 0.75%  |
| ETHO  | Amplify Etho Climate Leadership U.S. ETF ("ETHO")  | 0.45%  |
| MJ  | Amplify Alternative Harvest ETF ("MJ")  | 0.75%  |
| AIEQ  | Amplify AI Powered Equity ETF ("AIEQ")  | 0.75%  |
| TLTP  | Amplify TLT U.S. Treasury 12% Option Income ETF ("TLTP")  | 0.30%  |
| HAKY | Amplify HACK Cybersecurity Covered Call ETF ("HAKY") | 0.65%  |
| STBQ | Amplify Stablecoin Technology ETF ("STBQ") | 0.69%  |
| TKNQ | Amplify Tokenization Technology ETF ("TKNQ") | 0.69%  |
| YYYM | Amplify Municipal CEF High Income ETF ("YYYM") | 0.50%  |
| XRPM | Amplify XRP 3% Monthly Option Income ETF ("XRPM") | 0.75% |

---

<sup>2</sup> The Fund's investment adviser has contractually agreed to waive its advisory fees and/or assume as its own expense certain expenses otherwise payable by the Fund to the extent necessary to ensure that total annual fund operating expenses do not exceed 0.75% of average daily net assets until March 1, 2027. 

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 all of the Amplify ETF Fund noted in the chart above (with the exception of CNBS) 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. With respect to CNBS, the Trustees noted that the .65% fee charged to the Amplify ETF Fund, with the agreement to waive its advisory fee or assume as its own expense certain expenses which would otherwise be payable to CNBS to the extent necessary that the total annual fund operating expenses do not exceed .75% is reasonable and appropriate in light of the services expected to be provided by the Adviser and Sub-Adviser.

In conjunction with their review of the fees for CNBS and the unitary investment management fee for each of the other Amplify ETF Funds, 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.

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

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**Amplify ETF Trust** 

**ADDITIONAL INFORMATION, Form N-CSRS – ITEMS 8-11** 

**March 31, 2026 (Unaudited)(Continued)** 

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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**Amplify ETF Trust** 

**Supplemental Information** 

**March 31, 2026 (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** 

**March 31, 2026 (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, Amplify Development LLC, and Amplify Holding Company LLC. We are committed to:

&nbsp;&nbsp;&nbsp;&nbsp;(a) protecting the personal information you provide
 to us;

&nbsp;&nbsp;&nbsp;&nbsp;(b) telling you how we use the information we gather
 about you; and

&nbsp;&nbsp;&nbsp;&nbsp;(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.** 

**E-mail 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** 

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**Amplify ETF Trust** 

**Privacy Policy** 

**March 31, 2026 (Unaudited)(Continued)** 

Websites to third parties – for example, to demonstrate patterns of use to advertisers and other business partners. 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:** 

&nbsp;&nbsp;&nbsp;&nbsp;• **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.

&nbsp;&nbsp;&nbsp;&nbsp;• **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.

&nbsp;&nbsp;&nbsp;&nbsp;• **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

&nbsp;&nbsp;&nbsp;&nbsp;• **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.

&nbsp;&nbsp;&nbsp;&nbsp;• **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.

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**[**TABLE OF CONTENTS**](#TOC)**

**Amplify ETF Trust** 

**Privacy Policy** 

**March 31, 2026 (Unaudited)(Continued)** 

**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.

**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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**[**TABLE OF CONTENTS**](#TOC)**

**Investment Adviser:** 

**Amplify Investments LLC** 

**3333 Warrenville Road, Suite 350** 

**Lisle, IL 60532** 

**Investment Sub-Advisers:**

---

| | |
|:---|:---|
| Penserra Capital Management, LLC<br>4 Orinda Way, Suite 100-A<br>Orinda, CA 94563 | Capital Wealth Planning <br>1016 Collier Center Way<br>Naples, FL 34110  |
| Tidal Investments, LLC<br>234 W. Florida St., Suite 203<br>Milwaukee, WI 53204 | Cerity Partners LLC<br>335 Madison Avenue, 23<sup>rd</sup> Floor<br>New York, NY 10017  |
| Seymour Asset Management LLC<br>1 Old Point Road<br>Quogue, New York 11959 | Kelly Strategic Management, LLC<br>7887 East Belleview Avenue, Suite 1100<br>Denver, CO 80111  |
| Samsung Asset Management (New York), Inc.<br>152 West 57<sup>th</sup> Street<br>New York, New York 10019 | Curi Capital, LLC<br>One North Wacker Drive, Suite 3500<br>Chicago, IL 60606 |

---

**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.

**<u>Item 8. Changes</u>** <u>in **and Disagreements with Accountants for Open-End Management Investment Companies.**</u>

There were no changes in or disagreements with accountants during the period covered by this report.

**<u>Item 9. Proxy Disclosure for Open-End Management Investment Companies.</u>**

There were no matters submitted to a vote of shareholders during the period covered by this report.

**<u>Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.</u>**

See Item 7(a).

**<u>Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.</u>**

See Item 7(a).

**<u>Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>**

Not applicable to open-end management investment companies.

**<u>Item 13. Portfolio Managers of Closed-End Management Investment Companies.</u>**

Not applicable to open-end management investment companies.

**<u>Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</u>**

Not applicable to open-end management investment companies.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>**

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees.

**<u>Item 16. Controls and Procedures.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's [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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

**<u>Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>**

Not applicable to open-end management investment companies.

**<u>Item 18. Recovery of Erroneously Awarded Compensation.</u>**

Not applicable

**<u>Item 19. Exhibits.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* (1) *Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.* Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(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.](aet-efp24820_ex99cert.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) *Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.* Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Change in the registrant's independent public accountant. Provide the information called for by Item 4 of Form 8-K under the Exchange Act (17 CFR 249.308). Unless otherwise specified by Item 4, or related to and necessary for a complete understanding of information not previously disclosed, the information should relate to events occurring during the reporting period. Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* [*Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 .* Furnished herewith.](aet-efp24820_ex99906cert.htm)

**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,<br>President and Chief Executive Officer |

---

Date <u>6/2/2026</u>

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,<br>President and Chief Executive Officer |

---

Date <u>6/2/2026</u>

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Bradley H. Bailey |
|  | Bradley H. Bailey,<br>Chief Financial Officer |

---

Date <u>6/2/2026</u>

\* *Print the name and title of each signing officer under his or her signature.*

## Ex-99.Cert

**EX.99.CERT**

**<u>CERTIFICATIONS</u>**

I, Christian Magoon, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Amplify ETF Trust;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash
flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented
in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented
 in this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's
auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any
 fraud, whether or not material, that involves management or other employees who have a significant
 role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 6/02/2026 | /s/ Christian Magoon |
|  |  | Christian Magoon |
|  |  | President and Chief Executive Officer, <br>Amplify ETF Trust |

---

**<u>CERTIFICATIONS</u>**

I, Bradley H. Bailey, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Amplify ETF Trust;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash
flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented
in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented
 in this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's
auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves
 management or other employees who have a significant role in the registrant's internal
 control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 06/02/2026 | /s/ Bradley H. Bailey |
|  |  | Bradley H. Bailey |
|  |  | Chief Financial Officer, <br>Amplify ETF Trust |

---

## Exhibit 99.906

**EX.99.906CERT**

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Amplify ETF Trust, does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Amplify ETF Trust for the period ended March 31, 2026 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Amplify ETF Trust for the stated period.

---

| | |
|:---|:---|
| /s/ Christian Magoon | /s/ Bradley H. Bailey |
| Christian Magoon<br> President and Chief Executive Officer<br> Amplify ETF Trust | Bradley H. Bailey<br> Chief Financial Officer,<br> Amplify ETF Trust |

---

Dated: <u>06/02/2026</u>

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Amplify ETF Trust for purposes of Section 18 of the Securities Exchange Act of 1934.