2025-07-31192397_AmplifyAIPoweredEquityETF_TF

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-23108

Amplify ETF Trust
(Exact name of registrant as specified in charter)

3333 Warrenville Road Suite #350

Lisle, IL 60532
(Address of principal executive offices) (Zip code)

Christian Magoon

Amplify ETF Trust

3333 Warrenville Road Suite #350

Lisle, IL 60532
(Name and address of agent for service)

With copies to:

Morrison C. Warren, Esq.

Chapman and Cutler LLP

111 West Monroe Street

Chicago, IL 60603

(855)-267-3837

Registrant’s telephone number, including area code

Date of fiscal year end: September 30

Date of reporting period: September 30, 2025

Item 1. Reports to Stockholders.

(a)


	Amplify AI Powered Equity ETF
	AIEQ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify AI Powered Equity ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify AI Powered Equity ETF	$82	0.75%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund returned 19.68%. The Fund seeks to track the AI Powered Equity Index, which returned 21.04%. The S&P 500 Index returned 17.60% over the same period.

• During the period the Fund produced positive returns that exceeded the S&P 500 Index as the selection methodology favored sectors and companies within the S&P 500 that also performed well.
• Information Technology and Communication Services were the top contributing sectors to performance while Health Care and Consumer Discretionary were detractors to performance for the Period.
• During the Period, Industrials was held with the largest overweight relative to its benchmark while Financials were held with the largest underweight.
• During the Period, NVIDIA Corp and Strategy Inc were the top contributors to performance while Tesla Inc and Starbucks Corp were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify AI Powered Equity ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (10/17/2017)
Amplify AI Powered Equity ETF NAV	19.68	8.71	9.60
S&P 500 TR	17.60	16.47	14.73

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$116,760,841
Number of Holdings	161
Net Advisory Fee	$826,598
Portfolio Turnover	804%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
NVIDIA Corp.	7.9%
Microsoft Corp.	6.5%
Apple, Inc.	3.5%
Amazon.com, Inc.	3.4%
Meta Platforms, Inc. - Class A	3.3%
Avery Dennison Corp.	3.0%
Costco Wholesale Corp.	2.6%
Alphabet, Inc. - Class A	2.5%
Broadcom, Inc.	2.5%
PPG Industries, Inc.	2.3%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

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	Amplify Alternative Harvest ETF
	MJ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Alternative Harvest ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Alternative Harvest ETF	$39	0.40%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of -5.70%. The Fund seeks to track the returns of the Prime Alternative Harvest Index, which returned -6.38%. The S&P 500 Index returned 17.60%.

• The Fund is focused on providing exposure to companies in the cannabis industry. Regulatory uncertainty around the Federal legalization of cannabis has dampened investor interest and hurt performance of cannabis related companies.
• Health Care was the top contributing sector to performance over the Period while Real Estate was the biggest detractor to performance.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Tilray Brands Inc and Village Farms International were the top contributors to performance while Canopy Growth Corp and Innovative Industrials Proper were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Alternative Harvest ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (12/03/2015)
Amplify Alternative Harvest ETF NAV	-5.70	-18.60	-15.06
S&P 500 TR	17.60	16.47	14.78

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$200,809,544
Number of Holdings	12
Net Advisory Fee	$591,933
Portfolio Turnover	75%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Amplify Seymour Cannabis ETF	46.3%
First American Government Obligations Fund - Class X	31.0%
Tilray Brands, Inc.	22.4%
SNDL, Inc.	7.8%
Cronos Group, Inc.	6.6%
Aurora Cannabis, Inc.	4.0%
Village Farms International, Inc.	3.7%
Canopy Growth Corp.	3.5%
High Tide, Inc.	3.0%
Organigram Global, Inc.	2.2%

*	Percentages are stated as a percent of net assets.

Changes to Fund’s Investment Adviser or Sub Adviser:

Effective January 28, 2025, Seymour Asset Management LLC was appointed as an additional sub-advisor to the fund.

Other Material Fund Changes:

Effective January 28, 2025, the fund index, Prime Alternative Harvest Index, will provide U.S. cannabis company exposure via an allocation to Amplify Seymour Cannabis ETF (“CNBS”).

Effective February 21, 2025, the fund underwent a 1:12 reverse split.

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

Amplify Alternative Harvest ETF

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	Amplify Bitcoin 2% Monthly Option Income ETF
	BITY (Principal U.S. Listing Exchange: CBOE)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Bitcoin 2% Monthly Option Income ETF for the period of April 28, 2025, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify Bitcoin 2% Monthly Option Income ETF	$31	0.65%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the since inception Period, the Fund had a NAV total return of 23.27%, the S&P 500 Index had a total return of 21.67%, and the Bloomberg Bitcoin Index returned 20.58%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• The Fund’s long exposure to Bitcoin was the primary performance driver. Over the period, the Bloomberg Bitcoin Index returned approximately 20.58%.
• Weekly covered calls are a primary component of the strategy and a secondary contributor to performance relative to the price of Bitcoin. The strategy involves selling out-of-the-money (OTM) call options on Bitcoin ETFs but only enough to sufficiently generate 2% in monthly option premiums. The call options are generally 5-10% OTM, which can limit upside participation on the covered portion of the Fund when Bitcoin prices exceed strike levels, but can enhance returns when the Bitcoin price change is at or below the strike level.
• The Fund’s weekly option writing allows for more frequent premium capture and contributed positively to the NAV return of 23.27% as of September 30, 2025.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Bitcoin 2% Monthly Option Income ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (04/28/2025)
Amplify Bitcoin 2% Monthly Option Income ETF NAV	23.27
S&P 500 TR	21.67

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$20,614,035
Number of Holdings	11
Net Advisory Fee	$24,662
Portfolio Turnover	3%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Invesco Government & Agency Portfolio - Class Institutional	58.2%
iShares Bitcoin Trust ETF	22.2%
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00	10.0%
United States Treasury Bill	5.8%
United States Treasury Bill	3.8%
United States Treasury Bill	2.9%
United States Treasury Bill	2.4%
United States Treasury Bill	1.0%
Cboe Bitcoin U.S. ETF Index, Expiration: 10/03/2025; Exercise Price: $2,813.83	0.0%
Cboe Bitcoin U.S. ETF Index, Expiration: 10/03/2025; Exercise Price: $2,700.20	-0.9%

*	Percentages are stated as a percent of net assets.

Fund Name Change:

Effective May 16, 2025, the fund changed its name from Amplify Bitcoin 24% Premium Income ETF to Amplify Bitcoin 2% 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/.

HOUSEHOLDING

Amplify Bitcoin 2% Monthly Option Income ETF

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	Amplify Bitcoin Max Income Covered Call ETF
	BAGY (Principal U.S. Listing Exchange: CBOE)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Bitcoin Max Income Covered Call ETF for the period of April 28, 2025, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify Bitcoin Max Income Covered Call ETF	$33	0.69%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the since inception Period, the Fund had a NAV total return of 23.56%, the S&P 500 Index had a total return of 21.67%, and the Bloomberg Bitcoin Index returned 20.58%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• The Fund’s long exposure to Bitcoin was the primary performance driver. Over the period, the Bloomberg Bitcoin Index returned approximately 20.58%.
• Weekly covered calls are a primary component of the strategy and a secondary contributor to performance relative to the price of Bitcoin. The strategy involves selling out-of-the-money (OTM) call options on Bitcoin ETFs, generally 5-10% OTM, which can limit upside participation when Bitcoin prices exceed strike levels, but can enhance returns when the Bitcoin price change is at or below the strike level.
• The Fund’s weekly option writing allows for more frequent premium capture and contributed positively to the NAV return of 23.56% as of September 30, 2025.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Bitcoin Max Income Covered Call ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (04/28/2025)
Amplify Bitcoin Max Income Covered Call ETF NAV	23.56
S&P 500 TR	21.67

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$16,274,569
Number of Holdings	14
Net Advisory Fee	$20,071
Portfolio Turnover	251%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Invesco Government & Agency Portfolio - Class Institutional	75.1%
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00	12.9%
United States Treasury Bill	6.9%
United States Treasury Bill	3.5%
United States Treasury Bill	2.5%
United States Treasury Bill	2.4%
United States Treasury Bill	2.4%
United States Treasury Bill	0.2%
Cboe Mini Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $260.50	0.0%
Cboe Mini Bitcoin U.S. ETF Index, Expiration: 10/03/2025; Exercise Price: $281.38	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

Amplify Bitcoin Max Income Covered Call ETF

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TSR-AR-032108466


	Amplify BlackSwan Growth & Treasury Core ETF
	SWAN (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify BlackSwan Growth & Treasury Core ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify BlackSwan Growth & Treasury Core ETF	$51	0.49%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund returned 9.04%. The Fund seeks to track the S-Network BlackSwan Core Index. which returned 10.26%. The S&P 500 Index returned 17.60%.

• The Fund is primarily allocated to US Treasury holdings and achieves its equity exposure through long-dated call options (LEAPs) during the Period. In a rising equity market the LEAPS in the Fund tend to appreciate, but can underperform the equity benchmark because of the smaller allocation relative to US Treasuries. This was the case over the Period. In a falling equity market, the equity exposure through long-dated call options can limit the losses relative to the equity benchmark.
• The long-dated call options contributed 6.28% to returns for the period while the Treasuries contributed 2.76%. The performance numbers reflect their contribution to Fund returns during the period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify BlackSwan Growth & Treasury Core ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (11/05/2018)
Amplify BlackSwan Growth & Treasury Core ETF NAV	9.04	3.66	6.88
S&P 500 TR	17.60	16.47	15.69

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$266,610,217
Number of Holdings	14
Net Advisory Fee	$1,272,193
Portfolio Turnover	43%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
United States Treasury Note/Bond	8.6%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%

*	Percentages are stated as a percent of net assets.

Other Material Fund Changes:

Effective October 3, 2024, the fund’s index, the S-Network BlackSwan Tech & Treasury Index, updated it’s methodology to include the use of FLexible EXchange® option contracts (“FLEX Options”).

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

Amplify BlackSwan Growth & Treasury Core ETF

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TSR-AR-032108888


	Amplify BlackSwan ISWN ETF
	ISWN (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify BlackSwan ISWN ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify BlackSwan ISWN ETF	$51	0.49%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund returned 6.25%. The Fund seeks to track the S-Network International BlackSwan Index. which returned 7.32%. The MSCI EAFE Index returned 14.99%.

• The Fund is primarily allocated to US Treasury holdings and achieves its equity exposure through long-dated call options (LEAPs) during the Period. In a rising equity market the LEAPS in the Fund tend to appreciate, but can underperform the equity benchmark because of the smaller allocation relative to US Treasuries. This was the case over the Period. In a falling equity market, the equity exposure through long-dated call options can limit the losses relative to the equity benchmark.
• The long-dated call options contributed 3.50% to returns for the period while the Treasuries contributed 2.75%. The performance numbers reflect their contribution to Fund returns during the period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify BlackSwan ISWN ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (01/25/2021)
Amplify BlackSwan ISWN ETF NAV	6.25	-1.22
MSCI EAFE Net (USD)	14.99	8.03
S&P Developed Ex-U.S. BMI (USD) TR	17.78	7.92

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$33,305,329
Number of Holdings	13
Net Advisory Fee	$158,334
Portfolio Turnover	38%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
iShares MSCI EAFE ETF, Expiration: 12/19/2025; Exercise Price: $75.01	9.0%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.5%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%
United States Treasury Note/Bond	8.4%

*	Percentages are stated as a percent of net assets.

Other Material Fund Changes:

Effective October 3, 2024, the fund’s index, the S-Network International BlackSwan Index, updated it’s methodology to include the use of FLexible EXchange® option contracts (“FLEX Options”).

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

Amplify BlackSwan ISWN ETF

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TSR-AR-032108821


	Amplify Bloomberg AI Value Chain ETF
	AIVC (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Bloomberg AI Value Chain ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Bloomberg AI Value Chain ETF	$70	0.60%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 32.09%. The Fund sought to track the returns of the Bloomberg AI Value Chain Index, which returned 34.48%. The S&P 500 Index returned 17.60%.

• On October 21, 2024, the Fund began to track the Bloomberg AI Value Chain Index and had a concentration in the Information Technology sector, specifically those companies involved in AI hardware, AI semiconductors and AI oriented cloud technology activity. These companies performed well as more companies and consumers continue to adopt AI and cloud services for next-generation computing needs. These companies lead the Fund to outperform the broad-based S&P 500 Index.
• Information Technology was the top contributing sector to performance while Real Estate was the smallest contributor to performance for the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Communication Services was held with the largest underweight.
• During the Period, Western Digital Corp. and Broadcom Inc were the top contributors to performance while DigitalOcean Holdings Inc. and HP Inc. were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Bloomberg AI Value Chain ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (03/08/2016)
Amplify Bloomberg AI Value Chain ETF NAV	32.09	8.56	10.70
S&P 500 TR	17.60	16.47	15.56

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$31,738,220
Number of Holdings	44
Net Advisory Fee	$152,216
Portfolio Turnover	129%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Western Digital Corporation	3.6%
Alibaba Group Holding Ltd.	3.4%
Credo Technology Group Holding Ltd.	3.1%
Celestica, Inc.	3.0%
MongoDB, Inc.	2.9%
Arista Networks, Inc.	2.8%
Micron Technology, Inc.	2.7%
Alphabet, Inc. - Class A	2.7%
Advantest Corp.	2.7%
Samsung Electronics Co. Ltd.	2.5%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

Changes to Fund’s Investment Objective or Goals:

Effective October 14, 2024, the fund will seek to invest at least 80% of its net assets for investment purposes in securities of companies that comprise the Bloomberg AI Value Chain Index. Each constituent selected for inclusion in the Indexis defined as a “AI Value Chain Company.” Under normalmarket conditions, the Fund will invest at least 80% of itsnet assets (plus any borrowings for investment purposes)in AI Value Chain Companies.

Changes to Shareholder Fees (fees paid directly from your investment):

Effective October 14, 2024, the fund reduced its management fee to 0.59%.

Fund Name Change:

Effective October 14, 2024, the fund changed its name from Amplify Global Cloud Technology ETF to Amplify Bloomberg AI Value Chain ETF. The fund ticker also changed from IVES to AIVC.

Other Material Fund Changes:

Effective October 14, 2024, the fund changed its index provider to Bloomberg Index Services Limited. On the same date, the fund began tracking the Bloomberg AI Value Chain Index.

Amplify Bloomberg AI Value Chain ETF

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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

Amplify Bloomberg AI Value Chain ETF

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	Amplify Bloomberg U.S. Treasury 12% Premium Income ETF
	TLTP (Principal U.S. Listing Exchange: CBOE)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Bloomberg U.S. Treasury 12% Premium Income ETF for the period of October 28, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify Bloomberg U.S. Treasury 12% Premium Income ETF	$28	0.30%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Since Inception Period, the Fund had a NAV total return of 0.93%. The Fund seeks to track the returns of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, which returned 1.85%. The broad market benchmark for the Fund, the Bloomberg U.S. Long Treasury Total Return Index, returned 2.35%.

• The Fund’s core exposure to long-duration U.S. Treasury securities was the primary driver of performance. The Fund achieves this through a combination of owning the iShares 20+ Year Treasury Bond ETF (TLT) and Treasury securities. TLT’s price decline over the period contributed meaningfully to the Fund’s NAV return and was a headwind.
• Weekly covered call writing on TLT was a secondary contributor. The strategy involved selling at-the-money call options(ATM) on TLT, only to a level sufficient to generate 12% on an annualized basis. This approach limits upside participation when TLT rises above strike prices but enhances returns when price movements remain flat or decline.
• The Fund’s weekly option cycle allows for a frequent premium capture, which contributed positively to total returns over the period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF

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TSR-AR-032108516

ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (10/28/2024)
Amplify Bloomberg U.S. Treasury 12% Premium Income ETF NAV	0.93
Bloomberg U.S. Long Treasury Total Return Index	2.35

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$11,528,096
Number of Holdings	4
Net Advisory Fee	$25,168
Portfolio Turnover	92%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top 10 Securities	(%)
iShares 20+ Year Treasury Bond ETF	66.6%
United States Treasury Note/Bond	33.1%
Invesco Government & Agency Portfolio	0.1%

*	Percentages are stated as a percent of net assets.

Fund Name Change:

Effective February 19, 2025, the fund changed its name from Amplify Bloomberg U.S. Treasury Target High Income ETF to Amplify Bloomberg U.S. Treasury 12% Premium Income ETF.

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.

HOUSEHOLDING

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF

PAGE 2

TSR-AR-032108516


	Amplify BlueStar Israel Technology ETF
	ITEQ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify BlueStar Israel Technology ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify BlueStar Israel Technology ETF	$83	0.75%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 22.52%. The Fund seeks to track the returns of the BlueStar Israel Global Technology Index™, which returned 23.00%. The S&P 500 Index returned 17.60%.

• The Fund has significant exposure to Israeli listed and domiciled companies in the Technology sector. Israeli listed and domiciled companies experienced volatility over the Period as geopolitical uncertainty in the region created uncertainty, leading to some of the underperformance against the S&P 500 Index.
• Information Technology was the top contributing sector to the Fund’s performance while Health Care was the biggest detractor to the performance for the Period.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight.
• During the Period, Elbit Systems Ltd and CyberArk Software Ltd were the top contributors to performance while Monday.com Ltd and NICE Ltd were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify BlueStar Israel Technology ETF

PAGE 1

TSR-AR-032108599

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (11/02/2015)
Amplify BlueStar Israel Technology ETF NAV	22.52	1.25	9.21
S&P 500 TR	17.60	16.47	14.37

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$102,738,173
Number of Holdings	57
Net Advisory Fee	$686,486
Portfolio Turnover	19%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
CyberArk Software, Ltd.	8.4%
Elbit Systems Ltd.	8.2%
First American Government Obligations Fund - Class X	8.2%
Check Point Software Technologies, Ltd.	6.4%
Wix.com, Ltd.	5.7%
Nice Ltd.	5.4%
Amdocs, Ltd.	4.5%
Monday.com Ltd.	4.4%
Nova Ltd.	3.8%
Tower Semiconductor Ltd.	3.7%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify BlueStar Israel Technology ETF

PAGE 2

TSR-AR-032108599


	Amplify Cash Flow Dividend Leaders ETF
	COWS (Principal U.S. Listing Exchange: NasdaqNASDAQ)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Cash Flow Dividend Leaders ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Cash Flow Dividend Leaders ETF	$0	0.00%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund returned 10.04%. The Fund seeks to track the COWSETF Index, which returned 10.23%. The S&P 500 Index returned 17.60%.

• During the Period, the Information Technology sector was the best performing sector in the S&P 500. Many companies in that sector don’t pay dividends and therefore aren’t eligible to be included in the Fund. This underweight was the primary detractor of Fund returns relative to the S&P 500 Index.
• Utilities and Communication Services were the top contributing sectors to performance while Energy and Consumer Staples detracted from performance over Period.
• During the Period, Energy was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Tapestry Inc and Vistra Corp were the top contributors to performance while Organon & Co and Abercrombie & Fitch Co were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Cash Flow Dividend Leaders ETF

PAGE 1

TSR-AR-032108698

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (09/12/2023)
Amplify Cash Flow Dividend Leaders ETF NAV	10.04	14.95
S&P 500 TR	17.60	23.54

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$22,975,152
Number of Holdings	52
Net Advisory Fee	$0
Portfolio Turnover	165%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Warner Bros Discovery, Inc.	3.0%
Dell Technologies, Inc. - Class C	2.8%
Range Resources Corp.	2.6%
EQT Corp.	2.6%
Alcoa Corp.	2.6%
QUALCOMM, Inc.	2.6%
FedEx Corp.	2.6%
CF Industries Holdings, Inc.	2.5%
First American Government Obligations Fund - Class X	2.5%
Nexstar Media Group, Inc.	2.4%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

Changes to Shareholder Fees (fees paid directly from your investment).

Effective September 11, 2025, Amplify Investments LLC, has agreed to extend the fee waiver currently in effect such that it will waive the management fees for the Fund for assets under management up to $100 million until at least January 28, 2026.

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

Amplify Cash Flow Dividend Leaders ETF

PAGE 2

TSR-AR-032108698


	Amplify COWS Covered Call ETF
	HCOW (Principal U.S. Listing Exchange: NasdaqNASDAQ)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify COWS Covered Call ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify COWS Covered Call ETF	$66	0.65%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 2.70% and the S&P 500 Index had a total return of 17.60%. The Fund is actively managed and invests at least 80% in US dividend paying high free cash flow companies via the constituents of the Amplify Cash Flow Dividend Leaders ETF (COWS). In addition, the Fund implements a covered call strategy on the holdings to produce option-based income. The Fund paid monthly distributions for the Period.

• During the Period, the Information Technology sector was the best performing sector in the S&P 500. Many companies in that sector don’t pay dividends and therefore aren’t eligible to be included in the Fund, via the constituents of COWS. This underweight was the primary detractor of Fund returns relative to the S&P 500 Index.
• The Utilities and Communication Services sectors were the top contributing sectors to performance, while the Consumer Staples sector was the biggest detractors to the Funds performance.
• During the Period, Energy was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Tapestry Inc and Vistra Corp, while Organon & Co. and Abercrombie & Fitch Co. were the top detractors to performance.
• The Fund sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited. This was also a contributor to the underperformance during the Period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify COWS Covered Call ETF

PAGE 1

TSR-AR-032108680

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (09/19/2023)
Amplify COWS Covered Call ETF NAV	2.70	7.37
S&P 500 TR	17.60	24.01

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$12,968,948
Number of Holdings	94
Net Advisory Fee	$60,806
Portfolio Turnover	441%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Amplify Cash Flow Dividend Leaders ETF	3.8%
Warner Bros Discovery, Inc.	3.2%
Dell Technologies, Inc. - Class C	3.0%
Range Resources Corp.	2.8%
EQT Corp.	2.8%
Alcoa Corp.	2.8%
QUALCOMM, Inc.	2.7%
FedEx Corp.	2.7%
CF Industries Holdings, Inc.	2.7%
Nexstar Media Group, Inc.	2.6%

*	Percentages are stated as a percent of net assets.

Fund Name Change:

Effective January 28, 2025, the fund changed its name from Amplify Cash Flow High Income ETF to Amplify COWS Covered Call ETF.

Other Material Fund Changes:

Effective January 28, 2025, the fund updated its investment policy to invest at least 80% of its assets in the equity securities of the COWS ETF and in covered call options referencing those securities. The fund now seeks to generate additional income through a covered call strategy targeting approximately 10% or more in annualized gross premiums.

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

Amplify COWS Covered Call ETF

PAGE 2

TSR-AR-032108680


	Amplify CWP Enhanced Dividend Income ETF
	DIVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify CWP Enhanced Dividend Income ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify CWP Enhanced Dividend Income ETF	$58	0.54%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 13.56%, the S&P 500 Index had a total return of 17.60%, and the CBOE S&P 500 BuyWrite Index had a total return of 8.15%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• The Financials and Information Technology sectors were the top contributing sectors to performance, and the Health Care sector detracted from performance over the Period.
• During the period, Financials was held with the largest overweight relative to the S&P 500 index while Information Technology was held with the largest underweight. The Information Technology sector was the best performing sector in the S&P 500. Many companies in that sector don’t pay dividends and therefore aren’t eligible to be included in the Funds.
• The Fund selectively sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited. This was also a contributor to the underperformance over the Period.
• Goldman Sachs Group Inc and JPMorgan Chase & Co were the top contributors to performance while UnitedHealth Group Inc and Freeport-McMoRan Inc were the top detractors for the period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify CWP Enhanced Dividend Income ETF

PAGE 1

TSR-AR-032108409

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (12/13/2016)
Amplify CWP Enhanced Dividend Income ETF NAV	13.56	13.37	12.52
S&P 500 TR	17.60	16.47	14.99

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$5,246,165,843
Number of Holdings	36
Net Advisory Fee	$22,769,062
Portfolio Turnover	94%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Invesco Government & Agency Portfolio - Class Institutional	5.9%
Caterpillar, Inc.	5.5%
Apple, Inc.	5.4%
RTX Corp.	5.1%
American Express Co.	5.0%
Visa, Inc. - Class A	5.0%
Microsoft Corp.	5.0%
Home Depot, Inc.	5.0%
CME Group, Inc.	5.0%
JPMorgan Chase & Co.	4.9%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify CWP Enhanced Dividend Income ETF

PAGE 2

TSR-AR-032108409


	Amplify CWP Growth & Income ETF
	QDVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify CWP Growth & Income ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify CWP Growth & Income ETF	$62	0.55%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 26.17% and the S&P 500 Index was 17.60%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• Information Technology and Communication Services were the top contributing sectors to performance while Consumer Staples and Real Estate were the biggest detractors to performance for the Period.
• During the Period, Communication Services was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight.
• The Fund sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited, which was the primary driver of the slight underperformance over the Period.
• During the Period NVIDIA Corp. and Broadcom Inc were the top contributors to performance while Lockhead Martin Corp. and UnitedHealth Group Inc. were the top detractors to performance

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify CWP Growth & Income ETF

PAGE 1

TSR-AR-032108524

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (08/21/2024)
Amplify CWP Growth & Income ETF NAV	26.17	25.69
S&P 500 TR	17.60	18.51
S&P 500 Growth TR	26.96	26.08

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$323,225,092
Number of Holdings	52
Net Advisory Fee	$383,732
Portfolio Turnover	175%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
NVIDIA Corp.	11.0%
Apple, Inc.	9.5%
Microsoft Corp.	8.9%
Alphabet, Inc. - Class A	6.5%
Amazon.com, Inc.	5.6%
Meta Platforms, Inc. - Class A	5.1%
Broadcom, Inc.	4.8%
Tesla, Inc.	4.3%
Netflix, Inc.	3.3%
Invesco Government & Agency Portfolio - Class Institutional	3.3%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify CWP Growth & Income ETF

PAGE 2

TSR-AR-032108524


	Amplify CWP International Enhanced Dividend Income ETF
	IDVO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify CWP International Enhanced Dividend Income ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify CWP International Enhanced Dividend Income ETF	$74	0.65%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 28.63% and the MSCI AC World Index ex USA had a total return of 16.45%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• The Financials and Consumer Discretionary sectors were the top contributing sectors to performance, while the Health Care sector was the smallest contributor to performance over the Period.
• During the Period, Energy had the largest overweight relative to the MSCI ACWI ex USA Index while Industrials was held with the largest underweight.
• During the Period, Alibaba Group ARE and Agnico Eagle Mines LTD were the top contributors to performance while Novo Nordisk A/S and Atlassian Corp. were the top detractors to performance.
• The Fund selectively sells covered calls on individual securities as part of the investment objective. When a security rises in price above the strike price of the sold call option, the upside to the Fund is limited. Strong security selection and selective call writing contributed positively to performance over the period.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify CWP International Enhanced Dividend Income ETF

PAGE 1

TSR-AR-032108722

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (09/07/2022)
Amplify CWP International Enhanced Dividend Income ETF NAV	28.63	20.97
MSCI AC WORLD INDEX ex USA Net (USD)	16.45	17.36
S&P World Ex-U.S. Index (USD) TR	17.13	19.16

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$444,991,186
Number of Holdings	72
Net Advisory Fee	$1,497,874
Portfolio Turnover	132%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
First American Government Obligations Fund - Class X	10.7%
Alibaba Group Holding Ltd.	5.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	3.9%
Mitsubishi UFJ Financial Group, Inc.	3.8%
Agnico Eagle Mines Ltd.	3.5%
Novartis AG	3.4%
Grupo Cibest SA	3.3%
Barclays PLC	3.1%
Sumitomo Mitsui Financial Group, Inc.	3.0%
Invesco Government & Agency Portfolio - Class Institutional	2.8%

Geographic Breakdown (%)

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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 International Enhanced Dividend Income ETF

PAGE 2

TSR-AR-032108722

HOUSEHOLDING

Amplify CWP International Enhanced Dividend Income ETF

PAGE 3

TSR-AR-032108722


	Amplify Cybersecurity ETF
	HACK (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Cybersecurity ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Cybersecurity ETF	$68	0.60%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 27.12%. The Fund seeks to track the returns of the Nasdaq ISE Cyber Security Select Index which returned 27.91%. The S&P 500 Index returned 17.60%.

• The primary driver of returns in the Fund and the S&P 500 were companies in the Information Technology sector. The Fund focuses on those companies in the cybersecurity market, while the S&P 500 returns came from large technology companies in the hardware and software industries. The cybersecurity related companies in the Fund returned more than the broad-based S&P 500.
• The Fund had exposure to two sectors—Information Technology, which contributed positively to performance, and Industrials, which detracted from performance.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Financials was held with the largest underweight, as the Fund had no exposure to that sector.
• During the Period, Broadcom Inc and Cloudfare Inc. were the top contributors to performance while Rapid7 Inc. and Booz Allen Hamilton Holdings were the top detractors to performance.

HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Cybersecurity ETF

PAGE 1

TSR-AR-032108664

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	10 Year
Amplify Cybersecurity ETF NAV	27.12	13.48	13.62
S&P 500 TR	17.60	16.47	15.30

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$2,322,555,417
Number of Holdings	26
Net Advisory Fee	$12,398,799
Portfolio Turnover	25%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Broadcom, Inc.	9.1%
Cisco Systems, Inc.	6.1%
Crowdstrike Holdings, Inc. - Class A	6.1%
Palo Alto Networks, Inc.	5.8%
General Dynamics Corp.	5.3%
Northrop Grumman Corp.	5.1%
Fortinet, Inc.	4.9%
Cloudflare, Inc. - Class A	4.8%
Zscaler, Inc.	4.6%
CyberArk Software, Ltd.	4.4%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Cybersecurity ETF

PAGE 2

TSR-AR-032108664


	Amplify Digital Payments ETF
	IPAY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Digital Payments ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Digital Payments ETF	$79	0.75%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 10.16%. The Fund seeks to track the returns of the Nasdaq CTA Global Digital Payments Index which returned 10.83%. The S&P 500 Index returned 17.60%.

• The Fund is concentrated in companies involved in digital payment and processing activity. As more consumers transact digitally, as opposed to with cash or check, these companies stand to benefit. These companies are concentrated in the Financials sector. This sector was not a top performing sector in the S&P 500 over the period, although the companies in the Fund generated positive returns, Fund performance was lagging the broad market index.
• The Fund had exposure to two sectors—Financials, which contributed positively to performance, and Information Technology, which detracted modestly to returns.
• During the Period, Financials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Coinbase Global Inc and Affirm Holdings Inc were the top contributors to performance while Wex Inc and Fiserv Inc were the top detractors.

HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Digital Payments ETF

PAGE 1

TSR-AR-032108656

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	10 Year
Amplify Digital Payments ETF NAV	10.16	1.23	9.52
S&P 500 TR	17.60	16.47	15.30

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$260,362,501
Number of Holdings	41
Net Advisory Fee	$2,207,750
Portfolio Turnover	29%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
American Express Co.	6.7%
Visa, Inc. - Class A	6.1%
Mastercard, Inc. - Class A	6.0%
PayPal Holdings, Inc.	6.0%
Fiserv, Inc.	5.8%
Coinbase Global, Inc. - Class A	4.9%
Adyen NV	4.5%
Wise PLC - Class A	4.5%
Global Payments, Inc.	4.4%
First American Government Obligations Fund - Class X	4.4%


Geographic Breakdown	(%)
United States	83.4%
United Kingdom	4.8%
Netherlands	4.5%
Brazil	3.4%
Italy	2.3%
Australia	2.2%
Japan	1.5%
Puerto Rico	0.6%
South Korea	0.6%
Cash & Other	-3.3%

*	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

Amplify Digital Payments ETF

PAGE 2

TSR-AR-032108656


	Amplify Etho Climate Leadership U.S. ETF
	ETHO (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Etho Climate Leadership U.S. ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Etho Climate Leadership U.S. ETF	$46	0.45%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund returned 6.52%. The Fund seeks to track the Etho Climate Leadership Index – US, which returned 6.02%. The S&P 500 Index returned 17.60%.

• During the Period, the Fund invested in a broad range of companies, excluding those involved in fossil fuels, tobacco, weapons, and gambling. The equal-weighted portfolio structure was a primary detractor from performance relative to the S&P 500 Index, where top-weighted names primarily in the Information Technology sector were the main drivers of broad based index returns.
• Industrials and Information Technology were the top contributing sectors to performance while Utilities and Materials detracted from performance over the period.
• During the Period, Industrials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight, which detracted from returns.
• During the Period, Bloom Energy Corp and Sunrun Inc were the top contributors to performance while Sunnova Energy International and TPI Composites Inc were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Etho Climate Leadership U.S. ETF

PAGE 1

TSR-AR-032108557

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (11/18/2015)
Amplify Etho Climate Leadership U.S. ETF NAV	6.52	8.55	10.92
S&P 500 TR	17.60	16.47	14.53

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$156,025,095
Number of Holdings	311
Net Advisory Fee	$749,612
Portfolio Turnover	29%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Bloom Energy Corp. - Class A	1.2%
Sunrun, Inc.	0.8%
Wayfair, Inc. - Class A	0.8%
First American Government Obligations Fund - Class X	0.8%
Arrowhead Pharmaceuticals, Inc.	0.8%
Lumentum Holdings, Inc.	0.7%
Resideo Technologies, Inc.	0.7%
Ciena Corp.	0.7%
elf Beauty, Inc.	0.6%
Five Below, Inc.	0.6%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Etho Climate Leadership U.S. ETF

PAGE 2

TSR-AR-032108557


	Amplify High Income ETF
	YYY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify High Income ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify High Income ETF	$52	0.50%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 8.40%. The Fund seeks to track the returns of the Nasdaq CEF High Income Index, which returned 9.00%. The S&P 500 Index returned 17.60%. The Fund paid monthly distributions for the Period.

• The asset class exposure in the Fund, through the underlying closed end funds, covers a wide variety of categories, including Equity, Fixed Income and Alternatives, primarily focused on generating current income. The Fund return was below that of the S&P 500 as income generating closed-end funds, many of which have been negatively impacted by higher interest rates, did not perform as well.
• The allocation to equity funds was the top contributor to the Fund’s performance while the allocation to alternative funds was the smallest contributor.
• During the Period, its top exposures were in equity focused closed-end funds with the least exposure to MLP funds.
• During the Period, the BlackRock Science & Technology Term Trust and abrdn Total Dynamic Dividend Fund were the top contributors to the fund’s performance while CBRE Global Real Estate Inc. Fund and abrdn Healthcare Opportunistic Fund were the lowest.
• During the Period abrdn Total Dynamic Dividend Fund was held with the highest average weight while Franklin Ltd Duration Income Trust was held with the lowest average weight.

HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify High Income ETF

PAGE 1

TSR-AR-032108847

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	10 Year
Amplify High Income ETF NAV	8.40	7.23	6.42
S&P 500 TR	17.60	16.47	15.30

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$619,088,793
Number of Holdings	62
Net Advisory Fee	$2,776,806
Portfolio Turnover	48%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
First American Government Obligations Fund - Class X	4.2%
abrdn Healthcare Investors	3.6%
BlackRock Science and Technology Term Trust	3.4%
BlackRock ESG Capital Allocation Term Trust	3.3%
abrdn Total Dynamic Dividend Fund	3.3%
Western Asset Diversified Income Fund	3.2%
BlackRock Capital Allocation Term Trust	3.1%
BlackRock Health Sciences Term Trust	3.1%
Nuveen Credit Strategies Income Fund	3.0%
Nuveen Floating Rate Income Fund/Closed-end Fund	3.0%

*	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

Amplify High Income ETF

PAGE 2

TSR-AR-032108847


	Amplify Junior Silver Miners ETF
	SILJ (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Junior Silver Miners ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Junior Silver Miners ETF	$101	0.69%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 92.77%. The Fund seeks to track the returns of the Nasdaq Junior Silver Miners Index, returns over the period was 99.70%. The S&P 500 Index returned 17.60% over the same period.

• The Fund is concentrated in companies that are mining and producing silver, and the price of silver is one of the primary drivers of returns for these companies. Silver and other precious metals have performed very well over the Period helping drive the returns of the Fund well above those of the broad-based S&P 500 Index.
• Materials was only sector and had a positive impact to performance over the Period due to the selection of mining companies with that sector.
• During the Period, Materials was overweight relative to the S&P 500 Index, a broad-based market index, while no other sectors were held.
• During the Period, Hecla Mining Co and Coeur Mining Inc were the top contributors to performance while i-80 Gold Corp and Aya Gold & Silver Inc were the top detractors.

HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	10 Year
Amplify Junior Silver Miners ETF NAV	92.77	12.87	17.66
S&P 500 TR	17.60	16.47	15.30

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

Amplify Junior Silver Miners ETF

PAGE 1

TSR-AR-032108649

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$2,651,343,779
Number of Holdings	55
Net Advisory Fee	$8,715,891
Portfolio Turnover	47%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Coeur Mining, Inc.	12.9%
Hecla Mining Co.	12.8%
First Majestic Silver Corp.	9.7%
Endeavour Silver Corp.	5.2%
Wheaton Precious Metals Corp.	5.2%
SSR Mining, Inc.	4.3%
Boliden AB	3.8%
OR Royalties, Inc.	3.5%
Fortuna Mining Corp.	3.0%
Cia de Minas Buenaventura SAA	2.9%


Geographic Breakdown	(%)
Canada	55.5%
United States	34.6%
Peru	4.1%
Sweden	3.8%
Poland	2.8%
Mexico	1.6%
Australia	0.4%
Cash & Other	-2.8%

*	Percentages are stated as a percent of net assets.

Other Material Fund Changes:

Effective November 18, 2024, the Index methodology was updated to use a modified theme-adjusted free float market capitalization weighting, incorporating silver revenue exposure and liquidity factors to determine constituent weights. Additional adjustments were introduced to limit concentration, including caps on individual weights and group-based rebalancing to ensure diversification.

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

Amplify Junior Silver Miners ETF

PAGE 2

TSR-AR-032108649


	Amplify Lithium & Battery Technology ETF
	BATT (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Lithium & Battery Technology ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Lithium & Battery Technology ETF	$70	0.59%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 36.18%. The Fund seeks to track the returns of the EQM Lithium & Battery Technology Index, which returned 36.06%. The S&P 500 Index returned 17.60%.

• The Fund is a thematic strategy concentrated in lithium battery related companies as well as some electric vehicle manufacturers. While interest and demand for electric vehicles continues to ebb and flow, alternative sources of demand for the battery materials and technology has growth and helped drive overall performance for the companies in the Fund.
• Materials was the top contributing sector to performance while Information Technology was the smallest contributor to performance for the Period.
• During the Period, Materials was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period Bloom Energy Corp. and Tesla Inc. were the top contributors to performance while Ecopro Materials Co. Ltd and Samsung SDI Co Ltd were the top detractors.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Lithium & Battery Technology ETF

PAGE 1

TSR-AR-032108805

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (06/04/2018)
Amplify Lithium & Battery Technology ETF NAV	36.18	7.47	-3.61
S&P 500 TR	17.60	16.47	14.79

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$78,626,934
Number of Holdings	54
Net Advisory Fee	$382,693
Portfolio Turnover	73%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Contemporary Amperex Technology Co. Ltd. - Class A	7.8%
Tesla, Inc.	7.0%
BHP Group Ltd.	6.0%
First American Government Obligations Fund - Class X	4.8%
Grupo Mexico SAB de CV - Class B	4.1%
Freeport-McMoRan, Inc.	3.9%
BYD Co. Ltd. - Class H	3.0%
Bloom Energy Corp. - Class A	2.9%
TDK Corp.	2.5%
NAURA Technology Group Co. Ltd. - Class A	2.5%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Lithium & Battery Technology ETF

PAGE 2

TSR-AR-032108805


	Amplify Natural Resources Dividend Income ETF
	NDIV (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Natural Resources Dividend Income ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Natural Resources Dividend Income ETF	$61	0.59%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 5.67%. The Fund seeks to track the returns of the Natural Resources Dividend Income Index, which returned 6.61%. The MSCI AC World Index returned 17.27%. The Fund paid monthly distributions for the Period.

• Energy was the top contributing sector to the Fund’s performance while Materials was the biggest detractor to performance over the Period.
• During the Period, the broad market indexes delivered stronger performance due to the exposure to better performing sectors. Pursuant to the investment objective of the Fund, the Fund is concentrated in the Energy and Materials sectors which did not perform as well as those that drove the performance in the broader market.
• During the Period, CVR Energy Inc and APA Corp. were the top contributors to performance while DOW Inc and Huntsman Corp. were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Natural Resources Dividend Income ETF

PAGE 1

TSR-AR-032108730

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (08/23/2022)
Amplify Natural Resources Dividend Income ETF NAV	5.67	10.03
MSCI ACWI Net Total Return Index (USD)	17.27	17.10
MSCI AC WORLD INDEX ex USA Net (USD)	16.45	15.21
S&P 500 TR	17.60	18.57

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$10,726,247
Number of Holdings	43
Net Advisory Fee	$80,518
Portfolio Turnover	134%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
First American Government Obligations Fund - Class X	10.2%
FLEX LNG Ltd.	5.7%
Petroleo Brasileiro SA - Petrobras	5.3%
FMC Corp.	4.0%
Dow, Inc.	4.0%
CVR Energy, Inc.	4.0%
Huntsman Corp.	3.9%
LyondellBasell Industries NV - Class A	3.9%
South Bow Corp.	3.5%
Helmerich & Payne, Inc.	3.3%


Geographic Breakdown	(%)
United States	82.3%
Canada	13.8%
Bermuda	5.7%
Brazil	5.3%
United Kingdom	2.6%
Cash & Other	-9.7%

*	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

Amplify Natural Resources Dividend Income ETF

PAGE 2

TSR-AR-032108730


	Amplify Online Retail ETF
	IBUY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Online Retail ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Online Retail ETF	$73	0.65%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 24.84%. The Fund seeks to track the returns of the EQM Online Retail Index, which returned 25.35%. The S&P 500 Index returned 17.60%.

• The Fund is concentrated in companies that generate a significant portion of their revenue through online retail transactions with significant exposure to the Consumer Discretionary sector. While this sector wasn’t the top performing sector in the S&P 500 over the period, the selection of these companies within the sector helped drive returns above the broad market S&P 500 index.
• The Consumer Discretionary was the top contributing sector to performance over the Period while Consumer Staples was the biggest detractor.
• During the Period, Consumer Discretionary was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Carvana Co and Hims & Hers Health Inc were the top contributors to performance while 1-800-Flowers.com Inc and Figs Inc were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Online Retail ETF

PAGE 1

TSR-AR-032108102

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (04/19/2016)
Amplify Online Retail ETF NAV	24.84	-2.77	12.64
S&P 500 TR	17.60	16.47	15.01

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$160,345,898
Number of Holdings	80
Net Advisory Fee	$1,061,403
Portfolio Turnover	34%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
First American Government Obligations Fund - Class X	6.4%
Wayfair, Inc. - Class A	6.0%
Lyft, Inc. - Class A	3.6%
DoorDash, Inc. - Class A	3.2%
Carvana Co.	3.0%
Etsy, Inc.	3.0%
Affirm Holdings, Inc.	2.9%
eBay, Inc.	2.7%
Peloton Interactive, Inc. - Class A	2.6%
Expedia Group, Inc.	2.6%

Geographic Breakdown (%)

*	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

Amplify Online Retail ETF

PAGE 2

TSR-AR-032108102


	Amplify Samsung SOFR ETF
	SOFR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Samsung SOFR ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Samsung SOFR ETF	$20	0.20%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had an NAV total return of 4.43%. The Fund seeks to closely replicate the returns of the Secured Overnight Financing Rate Index. The broad market benchmark for the Fund, the Bloomberg U. S. Aggregate Bond Index, returned 2.88%. The Fund is actively managed. The Fund paid monthly distributions for the Period.

• The Fund seeks to achieve its returns by primarily investing in short-term repurchase agreements, called repos.
• Repos in the Fund are collateralized by high quality U.S. Treasury securities.
• The Fund underperformed the Bloomberg U.S. Aggregate Bond Index because its floating-rate (overnight) structure limited price appreciation during declining interest rates, whereas the broad market benchmark benefited from duration exposure as yields fell.
• The average rate of the Secured Overnight Financing Rate Index over a one-year period until September 30, 2025 was 4.41%. There is no guarantee that the index will continue to perform at this level.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Samsung SOFR ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (11/14/2023)
Amplify Samsung SOFR ETF NAV	4.43	4.88
Bloomberg U.S. Aggregate Bond Index	2.88	6.69
ICE BofA US Dollar Overnight Deposit Bid Rate Total Return Index	4.58	5.02

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$275,350,816
Number of Holdings	6
Net Advisory Fee	$511,964
Portfolio Turnover	0%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
SOF REPO 10/07/2025 4.22%	29.1%
SOF REPO 10/01/2025 4.30%	21.9%
SOF REPO 10/01/2025 4.27%	21.8%
SOF REPO 10/01/2025 4.27%	18.2%
Brookfield Corporate Treasury Ltd.	9.1%
Invesco Government & Agency Portfolio - Class Institutional	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

Amplify Samsung SOFR ETF

PAGE 2

TSR-AR-032108672


	Amplify Samsung U.S. Natural Gas Infrastructure ETF
	USNG (Principal U.S. Listing Exchange: NYSE)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Samsung U.S. Natural Gas Infrastructure ETF for the period of May 19, 2025, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify Samsung U.S. Natural Gas Infrastructure ETF	$23	0.59%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the since-inception period through September 30, 2025, the Fund had a NAV total return of 12.45% and the S&P 500 Index returned 12.67%. The Fund is actively managed and does not track an index.

• The Fund is a thematic strategy focused on companies involved in the infrastructure of U.S. natural gas. USNG is actively managed using a growth-at-a-reasonable-price (GARP) approach to identify companies positioned to benefit from long-term investment in the U.S. natural gas infrastructure ecosystem.
• Portfolio holdings outperformed the broader Energy sector within the S&P 500, supported by strong fundamentals across upstream, midstream, and downstream segments.
• Energy and Industrials sectors were the top contributing sectors to performance while Materials was the only detractor for the Period.
• During the Period, Energy was held with the largest overweight relative to the S&P 500 Index, while Information Technology was held with the largest underweight as the Fund held no positions in that sector.
• During the Period, Solaris Energy Infrastructure and Bloom Energy Corp were the top contributors to performance while Expand Energy Corp and Worthington Enterprises Inc were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Samsung U.S. Natural Gas Infrastructure ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (05/19/2025)
Amplify Samsung U.S. Natural Gas Infrastructure ETF NAV	12.45
S&P 500 TR	12.67

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$3,905,065
Number of Holdings	27
Net Advisory Fee	$8,215
Portfolio Turnover	4%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Williams Cos., Inc.	9.1%
Kinder Morgan, Inc.	8.1%
Enbridge, Inc.	8.1%
MPLX LP	7.7%
Solaris Energy Infrastructure, Inc.	7.3%
Vistra Corp.	4.7%
TC Energy Corp.	4.3%
Energy Transfer LP	4.1%
DT Midstream, Inc.	4.1%
Plains GP Holdings LP	3.8%

Industry Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Samsung U.S. Natural Gas Infrastructure ETF

PAGE 2

TSR-AR-032108441


	Amplify Seymour Cannabis ETF
	CNBS (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Seymour Cannabis ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Seymour Cannabis ETF	$68	0.75%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of -18.97% and the S&P 500 Index had a total return of 17.60%. The Fund is actively managed and does not track an index.

• The Fund is focused on providing exposure to companies in the cannabis industry. Regulatory uncertainty around the Federal legalization of cannabis has dampened investor interest and hurt performance of cannabis related companies.
• Consumer Staples and Information Technology sectors were the top contributing sector to performance while Health Care was the biggest detractor to performance for the Period.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index while Information Technology was held with the largest underweight.
• During the Period, Glass House Brands Inc. and WM Technology Inc. were the top contributors to performance while Green Thumb Industries Inc. and Innovative Industrial Properties Inc. were the top detractors of performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Seymour Cannabis ETF

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ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (07/22/2019)
Amplify Seymour Cannabis ETF NAV	-18.97	-20.16	-26.51
S&P 500 TR	17.60	16.47	15.73

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$113,469,249
Number of Holdings	47
Net Advisory Fee	$185,620
Portfolio Turnover	42%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
United States Treasury Bill	37.3%
United States Treasury Bill	13.6%
Curaleaf Holdings, Inc.	11.9%
United States Treasury Bill	9.8%
Innovative Industrial Properties, Inc.	2.5%
Cresco Labs, Inc.	2.1%
WM Technology, Inc.	2.0%
United States Treasury Bill	2.0%
Trulieve Cannabis Corp.	1.9%
Invesco Government & Agency Portfolio - Class Institutional	1.8%

Geographic Breakdown (%)

*	Percentages are stated as a percent of net assets.

Changes to Fund’s Investment Adviser or Sub Adviser:

Effective January 28, 2025: The investment sub-advisory agreement with Penserra Capital Management LLC (“Penserra”) will be terminated and Seymour Asset Management LLC (“Seymour”) will continue to serve as an investment sub-adviser. Tidal Investments LLC (“Tidal”) will be added as an investment sub-adviser to the Fund pursuant to an investment sub-advisory agreement between Amplify Investments LLC and Tidal.

Changes to Fund’s Investment Objective or Goals:

Effective January 28, 2025, the fund changed it’s investment policy to state that, under normal market conditions, the Fund seeks to achieve its investment objective by investing in the securities of U.S. companies engaged in cannabis and hemp-related activities selected by the Fund’s investment adviser, Amplify Investments LLC.

Changes to the Fund’s Principal Investment Strategy:

Effective January 28, 2025, the Fund is focused on U.S. companies involved in the emerging cannabis and hemp ecosystem, categorized into Cannabis/Hemp Plant, Support, and Ancillary sectors. These classifications span industries such as pharmaceuticals, cultivation, real estate, technology, and media.

Amplify Seymour Cannabis ETF

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Other Material Fund Changes:

Effective February 21, 2025, the fund underwent a 1:12 reverse split.

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

Amplify Seymour Cannabis ETF

PAGE 3

TSR-AR-032108482


	Amplify SILJ Covered Call ETF
	SLJY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify SILJ Covered Call ETF for the period of August 18, 2025, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify SILJ Covered Call ETF	$9	0.67%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Since Inception Period, the Fund had a NAV total return of 19.33%, the S&P 500 Index had a total return of 3.88%, and the Nasdaq Junior Silver Miners^TM Index has a total return of 37.43%. The Fund paid monthly distributions for the Period. The Fund is actively managed and does not track an index.

• The Funds seeks to balance high income and capital appreciation through exposure to junior silver mining companies in the Nasdaq Junior Silver Miners Index, tracked by the Amplify Junior Silver Miners ETF (SILJ), plus a dynamic covered call strategy.
• The Fund seeks to generate 18% annualized income by selling out-of-the-money covered calls on junior silver miners, a strategy that monetizes volatility but may limit upside potential during sharp rallies, which occurred during the since-inception period.
• The Fund outperformed the broad market index as silver mining equities performed better than the broad equity market.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (08/18/2025)
Amplify SILJ Covered Call ETF NAV	19.33
S&P 500 TR	3.88

Amplify SILJ Covered Call ETF

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TSR-AR-032108433

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$8,070,783
Number of Holdings	49
Net Advisory Fee	$2,554
Portfolio Turnover	11%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Amplify Junior Silver Miners ETF	21.6%
Invesco Government & Agency Portfolio - Class Institutional	9.2%
Seabridge Gold, Inc.	5.8%
First Majestic Silver Corp.	5.7%
Cia de Minas Buenaventura SAA	5.3%
OR Royalties, Inc.	5.3%
Fortuna Mining Corp.	5.1%
Franco-Nevada Corp.	5.1%
United States Treasury Bill	5.0%
Pan American Silver Corp.	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

Amplify SILJ Covered Call ETF

PAGE 2

TSR-AR-032108433


	Amplify Small-Mid Cap Equity ETF
	SMAP (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Small-Mid Cap Equity ETF for the period of October 22, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

WHAT WERE THE FUND COSTS FOR THE REPORTING PERIOD? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Amplify Small-Mid Cap Equity ETF	$57	0.60%

*	Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operation for the entire period of this report.

**	Annualized

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the since-inception period, the Fund had a NAV total return of 1.14% and the S&P 1000 Index had a total return of 5.37%. The S&P 1000 is an index of small and mid-cap companies. The Fund is actively managed and does not track an index.

• Financials and Information Technology sectors were the top contributing sectors to performance while Materials and Energy were detractors to performance.
• During the Period, Information Technology was held with the largest overweight relative to the S&P 1000 index, while Consumer Discretionary was held with the largest underweight.
• During the Period, Curtiss-Wright Corp and BWX Technologies Inc were the top contributors to performance while Carlisle Cos Inc and Eagle Materials Inc were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)


	Since Inception (10/22/2024)
Amplify Small-Mid Cap Equity ETF NAV	1.14
S&P 1000 Total Return	5.37

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

Amplify Small-Mid Cap Equity ETF

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TSR-AR-032108490

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$1,248,327
Number of Holdings	58
Net Advisory Fee	$6,829
Portfolio Turnover	40%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Monolithic Power Systems, Inc.	3.4%
West Pharmaceutical Services, Inc.	3.3%
Stifel Financial Corp.	3.1%
Watsco, Inc.	2.9%
Eagle Materials, Inc.	2.9%
Tyler Technologies, Inc.	2.8%
Curtiss-Wright Corp.	2.8%
NVR, Inc.	2.6%
Markel Group, Inc.	2.4%
PTC, Inc.	2.4%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Small-Mid Cap Equity ETF

PAGE 2

TSR-AR-032108490


	Amplify Transformational Data Sharing ETF
	BLOK (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Transformational Data Sharing ETF for the period of October 1, 2024, to September 30, 2025. 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 PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Transformational Data Sharing ETF	$101	0.70%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 89.20%, the MSCI ACWI Net Total Return Index (USD) had a total return of 17.27%. and the S&P 500 Index had a total return of 17.60%. The Fund is actively managed and does not track an index.

• The Fund is a thematic strategy focused on companies involved in the development and utilization of blockchain technologies. These companies performed well as cryptocurrencies, which are built on blockchain technology, helped drive the performance higher.
• Information Technology and Financial sectors were the top contributing sectors to performance while Industrials was the smallest contributor for the Period.
• During the Period, Financials was held with the largest overweight relative to the S&P 500, a broad-based market index, while Health Care was held with the largest underweight.
• During the Period, Robinhood Market Inc. and Metaplanet Inc. were the top contributors to performance while Canaan Inc. and Applied Digital Corp. were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (01/16/2018)
Amplify Transformational Data Sharing ETF NAV	89.20	27.91	20.92
MSCI ACWI Net Total Return Index (USD)	17.27	13.54	10.15
S&P 500 TR	17.60	16.47	13.96

Amplify Transformational Data Sharing ETF

PAGE 1

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Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$1,442,299,109
Number of Holdings	55
Net Advisory Fee	$6,477,999
Portfolio Turnover	50%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
First American Government Obligations Fund - Class X	11.6%
Cipher Mining, Inc.	5.1%
Galaxy Digital, Inc. - Class A	5.0%
Robinhood Markets, Inc. - Class A	4.7%
Coinbase Global, Inc. - Class A	3.9%
Cleanspark, Inc.	3.8%
ROBLOX Corp. - Class A	3.2%
Invesco Government & Agency Portfolio - Class Institutional	3.2%
Hut 8 Corp.	3.1%
Bed Bath & Beyond, Inc.	3.1%

Industry Breakdown**

*	Percentages are stated as a percent of net assets.

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

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

Amplify Transformational Data Sharing ETF

PAGE 2

TSR-AR-032108607


	Amplify Travel Tech ETF
	AWAY (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Travel Tech ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Travel Tech ETF	$78	0.75%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 8.97%. The Fund seeks to track the returns of the Prime Travel Technology Index NTR Index, which returned 9.71%. The S&P 500 Index returned 17.60%.

• Consumer Discretionary and Industrials were the top contributing sectors to performance while Consumer Services was the smallest contributor.
• The Information Technology sector was the primary driver of returns in the S&P 500. The Fund is focused on providing exposure to travel technology, primarily concentrated in the Consumer Discretionary sector, which provided positive returns but underperformed the S&P 500, which was driven by returns from the Information Technology sector.
• During the Period, Consumer Discretionary was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• During the Period, Lyft Inc. and On The Beach Group PLC were the top contributors to performance while Sabre Corp. and WEB Travel Group Ltd were the lowest.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Travel Tech ETF

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TSR-AR-032108540

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (02/12/2020)
Amplify Travel Tech ETF NAV	8.97	3.48	-1.93
S&P 500 TR	17.60	16.47	14.64

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$41,297,667
Number of Holdings	30
Net Advisory Fee	$402,406
Portfolio Turnover	41%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Lyft, Inc. - Class A	5.2%
Uber Technologies, Inc.	4.7%
Corporate Travel Management Ltd.	4.5%
Expedia Group, Inc.	4.4%
Airbnb, Inc. - Class A	4.3%
Booking Holdings, Inc.	4.3%
SiteMinder Ltd.	4.3%
Tongcheng Travel Holdings Ltd.	4.2%
Sabre Corp.	4.2%
Trainline PLC	4.2%

Geographic Breakdown (%)

*	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

Amplify Travel Tech ETF

PAGE 2

TSR-AR-032108540


	Amplify Video Game Leaders ETF
	GAMR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Video Game Leaders ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Video Game Leaders ETF	$79	0.64%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of 45.88%. The Fund seeks to track the returns of the VettaFi Video Game Leaders Index, which returned 55.58%. The S&P 500 Index returned 17.60%.

• On January 28, 2025 the Fund began to track the VettaFi Video Game Leaders Index. The Fund is a thematic strategy with a focus on video game developers, platforms, hardware, mobile and online gaming companies, publishers and retailers. The Index is concentrated in the Information Technology sector.
• Information Technology and Communication Services were the top contributing sector to performance while Health Care was the smallest contributor.
• During the Period, Communication Services was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Health Care was held with the largest underweight.
• During the Period, Applovin Corp. and Tencent Holdings Ltd. were the top contributors to performance while Pearl Abyss Corp. and BiliBili Inc. were the top detractors to performance.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Video Game Leaders ETF

PAGE 1

TSR-AR-032108615

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	5 Year	Since Inception (03/08/2016)
Amplify Video Game Leaders ETF NAV	45.88	8.41	16.43
S&P 500 TR	17.60	16.47	15.56

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$50,599,128
Number of Holdings	23
Net Advisory Fee	$263,345
Portfolio Turnover	122%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Tencent Holdings, Ltd.	10.3%
NVIDIA Corp.	10.3%
Advanced Micro Devices, Inc.	10.1%
Microsoft Corp.	10.1%
Meta Platforms, Inc. - Class A	7.9%
AppLovin Corp. - Class A	4.8%
ROBLOX Corp. - Class A	4.7%
Sea, Ltd.	4.4%
Nintendo Co. Ltd.	4.4%
Sony Group Corp.	4.4%

Geographic Breakdown (%)

*	Percentages are stated as a percent of net assets.

Changes to Shareholder Fees (fees paid directly from your investment).

Effective January 28, 2025 the fund reduced its management fee to 0.59%.

Fund Name Change:

Effective January 28, 2025, the Amplify Video Game Tech ETF changed its name to Amplify Video Game Leaders ETF.

Other Material Fund Changes:

Effective January 28, 2025, the fund changed index providers to VettaFi LLC and changed its index to track the VettaFi Video Game Leaders Index.

Effective March 26, 2025, the fund reduced its Creation Unit size from 50,000 to 10,000 shares.

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://amplifyetfs.com/fund-documents/.

Amplify Video Game Leaders ETF

PAGE 2

TSR-AR-032108615

HOUSEHOLDING

Amplify Video Game Leaders ETF

PAGE 3

TSR-AR-032108615


	Amplify Weight Loss Drug & Treatment ETF
	THNR (Principal U.S. Listing Exchange: NYSE ArcaNYSEArca)
	Annual Shareholder Report \| September 30, 2025

This annual shareholder report contains important information about the Amplify Weight Loss Drug & Treatment ETF for the period of October 1, 2024, to September 30, 2025. You can find additional information about the Fund at https://amplifyetfs.com/fund-documents/. You can also request this information by contacting us at 855-267-3837.

This report describes changes to the Fund that occurred during the reporting period.

WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Amplify Weight Loss Drug & Treatment ETF	$56	0.59%

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the Period, the Fund had a NAV total return of -11.39%. The Fund seeks to track the returns of the VettaFi Weight Loss Drug & Treatment Index, which returned -10.89%. The S&P 500 Index returned 17.60%.

• The Fund targets companies involved in the GLP-1 weight loss drug and treatment industry, which are primarily concentrated in the Health Care sector. In contrast, the S&P 500’s largest sector weighting is Information Technology.
• During the Period, Health Care was held with the largest overweight relative to the S&P 500 Index, a broad-based market index, while Information Technology was held with the largest underweight.
• The Fund underperformed the broad-based market index, driven by weaker returns in the Health Care sector and increased scrutiny around GLP-1 drug pricing, efficacy, and adoption. An underweight to Information Technology also detracted from performance, as most companies in that sector are not aligned with the GLP-1 investment theme.
• During the Period, Innovent Biologics Inc and Hims & Hers Health Inc were the top contributors to performance while Novo-Nordisk A/S and Thermo Fisher Scientific Inc were the top detractors.

HOW DID THE FUND PERFORM SINCE INCEPTION?*

CUMULATIVE PERFORMANCE (Initial Investment of $10,000)

Amplify Weight Loss Drug & Treatment ETF

PAGE 1

TSR-AR-032108532

ANNUAL AVERAGE TOTAL RETURN (%)


	1 Year	Since Inception (05/20/2024)
Amplify Weight Loss Drug & Treatment ETF NAV	-11.39	-4.43
S&P 500 TR	17.60	20.03

Visit https://amplifyetfs.com/fund-documents/ for more recent performance information.

*	The Fund’s past performance is not a good predictor of how the Fund will perform in the future.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (as of September 30, 2025)


Net Assets	$3,051,196
Number of Holdings	22
Net Advisory Fee	$22,186
Portfolio Turnover	70%

WHAT DID THE FUND INVEST IN? (as of September 30, 2025)*


Top Holdings	(%)
Novo Nordisk AS	12.5%
Eli Lilly & Co.	12.4%
Amgen, Inc.	6.5%
Regeneron Pharmaceuticals, Inc.	6.5%
Chugai Pharmaceutical Co. Ltd.	6.3%
Merck & Co., Inc.	4.8%
Pfizer, Inc.	4.8%
AbbVie, Inc.	4.7%
Innovent Biologics, Inc.	4.7%
AstraZeneca PLC	4.6%

Sector Breakdown**

*	Percentages are stated as a percent of net assets.

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

Other Material Fund Changes:

Effective June 20, 2025, the funds index, the VettaFi Weight Loss Drug & Treatment Index, was changed to expand its scope beyond GLP-1 agonist manufacturers to include companies involved in amylin and dual agonist therapies, combination treatments, and telehealth providers.

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

Amplify Weight Loss Drug & Treatment ETF

PAGE 2

TSR-AR-032108532

(b)

Not applicable.

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report.

A copy of the registrant’s Code of Ethics is filed herewith.

Item 3. Audit Committee Financial Expert.

The registrant’s board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Mark Tucker is the “audit committee financial expert” and is considered to be “independent” as each term is defined in Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

The registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. “Audit services” refer to performing an audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. “Audit-related services” refer to the assurance and related services by the principal accountant that are reasonably related to the performance of the audit. “Tax services” refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning. There were no “other services” provided by the principal accountant. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and other fees by the principal accountant.

	FYE 9/30/2025	FYE 9/30/2024
(a) Audit Fees	$421,500	$409,500
(b) Audit-Related Fees	$0	$0
(c) Tax Fees	$104,000	$86,000
(d) All Other Fees	N/A	N/A

(e)(1) The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre-approve all audit and non-audit services of the registrant, including services provided to any entity affiliated with the registrant.

(e)(2) The percentage of fees billed by Cohen & Company, Ltd. applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

	FYE 9/30/2025	FYE 9/30/2024
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) N/A

(g) The following table indicates the non-audit fees billed or expected to be billed by the registrant’s accountant for services to the registrant and to the registrant’s investment adviser (and any other controlling entity, etc.—not sub-adviser) for the last two years.

Non-Audit Related Fees	FYE 9/30/2025	FYE 9/30/2024
Registrant	$104,000	$86,000
Registrant’s Investment Adviser	$0	$0

(h) The audit committee of the board of trustees/directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser is compatible with maintaining the principal accountant’s independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant’s independence.

The registrant has not been identified by the U.S. Securities and Exchange Commission as having filed an annual report issued by a registered public accounting firm branch or office that is located in a foreign jurisdiction where the Public Company Accounting Oversight Board is unable to inspect or completely investigate because of a position taken by an authority in that jurisdiction.

The registrant is not a foreign issuer.

Item 5. Audit Committee of Listed Registrants.

The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, (the “Act”) and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Act. The independent members of the committee are as follows: Michael DiSanto, Rick Powers, and Mark Tucker.

Item 6. Investments.

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

Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.

(a)

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
AIVC			Amplify Bloomberg AI Value Chain ETF
TLTP			Amplify Bloomberg U.S. Treasury 12% Premium Income ETF
ITEQ			Amplify BlueStar Israel Technology ETF
COWS			Amplify Cash Flow Dividend Leaders 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
ETHO			Amplify Etho Climate Leadership U.S. ETF
YYY			Amplify High Income ETF
SILJ			Amplify Junior Silver Miners ETF
BATT			Amplify Lithium & Battery Technology ETF
NDIV			Amplify Natural Resources Dividend 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 Covered Call ETF
SMAP			Amplify Small-Mid Cap Equity ETF
BLOK			Amplify Transformational Data Sharing ETF
AWAY			Amplify Travel Tech ETF
GAMR			Amplify Video Game Leaders ETF
THNR			Amplify Weight Loss Drug & Treatment ETF

Annual

Core Financial Statements and Additional Information

September 30, 2025

TABLE OF CONTENTS


			Page
Schedules of Investments			1
Statements of Assets and Liabilities			54
Statements of Operations			61
Statements of Changes in Net Assets			68
Financial Highlights			83
Notes to the Financial Statements			114
Report of Independent Registered Public Accounting Firm			142
Additional Information			145
Additional Information, N-CSR Items 8-11			164
Supplemental Information			169
Privacy Policy			170

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

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

TABLE OF CONTENTS

Amplify AI Powered Equity ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.7%
Communication Services - 11.3%
Alphabet, Inc. - Class A	12,159	$2,955,853
Alphabet, Inc. - Class C	7,888	1,921,122
AT&T, Inc.	2,065	58,316
Charter Communications, Inc. - Class A^(a)	1,941	533,979
Comcast Corp. - Class A	25,637	805,514
Fox Corp. - Class B	1,017	58,264
Live Nation Entertainment, Inc.^(a)	354	57,844
Meta Platforms, Inc. - Class A	5,177	3,801,885
Netflix, Inc.^(a)	1,795	2,152,061
T-Mobile US, Inc.	244	58,409
Trade Desk, Inc. - Class A^(a)	14,957	733,043
Verizon Communications, Inc.	1,340	58,893
		13,195,183
Consumer Discretionary - 9.0%
Airbnb, Inc. - Class A^(a)	2,364	287,037
Amazon.com, Inc.^(a)	18,049	3,963,019
CarMax, Inc.^(a)	17,048	764,944
Chipotle Mexican Grill, Inc.^(a)	24,977	978,849
Deckers Outdoor Corp.^(a)	4,551	461,335
Domino’s Pizza, Inc.	1,544	666,560
Hilton Worldwide Holdings, Inc.	221	57,336
MGM Resorts International^(a)	1,586	54,971
Royal Caribbean Cruises Ltd.	1,359	439,745
Starbucks Corp.	10,504	888,638
Tapestry, Inc.	624	70,649
Tesla, Inc.^(a)	4,083	1,815,792
Tractor Supply Co.	1,022	58,121
		10,506,996
Consumer Staples - 6.9%
Campbell’s Co.	3,226	101,877
Church & Dwight Co., Inc.	762	66,774
Coca-Cola Co.	23,087	1,531,130
Costco Wholesale Corp.	3,323	3,075,868
Dollar Tree, Inc.^(a)	615	58,038
General Mills, Inc.	1,167	58,840
Kenvue, Inc.	3,547	57,568
Keurig Dr Pepper, Inc.	6,960	177,550
Kimberly-Clark Corp.	1,535	190,862
Kraft Heinz Co.	88,287	2,298,993
Kroger Co.	1,040	70,106
Molson Coors Beverage Co. - Class B	1,266	57,287
Philip Morris International, Inc.	1,751	284,012
Procter & Gamble Co.	451	69,296
		8,098,201
Energy - 2.4%
ConocoPhillips	20,370	1,926,798
Coterra Energy, Inc.	27,999	662,177
EOG Resources, Inc.	565	63,348


	Shares	Value
ONEOK, Inc.	793	$57,865
Schlumberger NV	1,651	56,745
		2,766,933
Financials - 10.8%
Allstate Corp.	274	58,814
Arch Capital Group Ltd.	8,401	762,223
Bank of New York Mellon Corp.	16,135	1,758,070
Berkshire Hathaway, Inc. - Class B^(a)	141	70,886
Charles Schwab Corp.	18,180	1,735,645
Chubb, Ltd.	207	58,426
Cincinnati Financial Corp.	458	72,410
Citigroup, Inc.	725	73,587
CME Group, Inc.	2,019	545,514
Erie Indemnity Co. - Class A	1,384	440,333
FactSet Research Systems, Inc.	2,818	807,329
Fiserv, Inc.^(a)	444	57,245
Interactive Brokers Group, Inc. - Class A	1,118	76,929
Intercontinental Exchange, Inc.	345	58,126
JPMorgan Chase & Co.	2,963	934,619
KeyCorp	121,296	2,267,022
KKR & Co., Inc.	2,937	381,663
Loews Corp.	581	58,327
Mastercard, Inc. - Class A	123	69,964
Progressive Corp.	1,177	290,660
Prudential Financial, Inc.	558	57,887
Robinhood Markets, Inc. - Class A^(a)	1,591	227,799
S&P Global, Inc.	118	57,432
Truist Financial Corp.	15,439	705,871
US Bancorp	3,576	172,828
Visa, Inc. - Class A	2,261	771,860
		12,571,469
Health Care - 8.5%
Abbott Laboratories	4,011	537,233
Align Technology, Inc.^(a)	6,926	867,274
Amgen, Inc.	430	121,346
Boston Scientific Corp.^(a)	2,863	279,515
Charles River Laboratories International, Inc.^(a)	2,270	355,164
Cigna Group	5,672	1,634,954
DexCom, Inc.^(a)	10,565	710,919
Eli Lilly and Co.	97	74,011
GE HealthCare Technologies, Inc.	20,972	1,574,997
Gilead Sciences, Inc.	12,331	1,368,741
Henry Schein, Inc.^(a)	877	58,206
Humana, Inc.	227	59,059
Merck & Co., Inc.	1,331	111,711
Pfizer, Inc.	71,447	1,820,469
Regeneron Pharmaceuticals, Inc.	121	68,035
Revvity, Inc.	688	60,303
Stryker Corp.	313	115,707
Vertex Pharmaceuticals, Inc.^(a)	147	57,571
Zimmer Biomet Holdings, Inc.	590	58,115
		9,933,330

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

TABLE OF CONTENTS

Amplify AI Powered Equity ETF

Schedule of Investments

September 30, 2025(Continued)


	Shares	Value
COMMON STOCKS - (Continued)
Industrials - 7.3%
Automatic Data Processing, Inc.	231	$67,798
Axon Enterprise, Inc.^(a)	137	98,317
Boeing Co.^(a)	779	168,132
Broadridge Financial Solutions, Inc.	7,821	1,862,727
Cintas Corp.	284	58,294
Dayforce, Inc.^(a)	842	58,005
Deere & Co.	143	65,388
Delta Air Lines, Inc.	1,401	79,507
FedEx Corp.	304	71,686
GE Vernova, Inc.	2,153	1,323,880
Generac Holdings, Inc.^(a)	4,809	805,027
General Electric Co.	4,345	1,307,063
Honeywell International, Inc.	277	58,308
Huntington Ingalls Industries, Inc.	2,770	797,511
JB Hunt Transport Services, Inc.	9,253	1,241,475
Paychex, Inc.	451	57,169
Rollins, Inc.	990	58,153
RTX Corp.	354	59,235
United Airlines Holdings, Inc.^(a)	738	71,217
Waste Management, Inc.	756	166,947
		8,475,839
Information Technology - 33.5%^(b)
Advanced Micro Devices, Inc.^(a)	10,220	1,653,494
Amphenol Corp. - Class A	18,670	2,310,412
Apple, Inc.	16,124	4,105,654
AppLovin Corp. - Class A^(a)	675	485,014
Arista Networks, Inc.^(a)	3,517	512,462
Broadcom, Inc.	8,681	2,863,949
Crowdstrike Holdings, Inc. - Class A^(a)	1,131	554,620
Fortinet, Inc.^(a)	10,022	842,650
Gartner, Inc.^(a)	7,305	1,920,265
Intel Corp.	1,681	56,397
Intuit, Inc.	105	71,705
Jabil, Inc.	334	72,535
KLA Corp.	54	58,244
Microsoft Corp.	14,584	7,553,783
Motorola Solutions, Inc.	2,799	1,279,955
NVIDIA Corp.	49,677	9,268,735
NXP Semiconductors NV	256	58,299
ON Semiconductor Corp.^(a)	1,165	57,446
Oracle Corp.	3,220	905,593
Palantir Technologies, Inc. - Class A^(a)	7,892	1,439,659
Qualcomm, Inc.	436	72,533
Roper Technologies, Inc.	4,884	2,435,602
Salesforce, Inc.	276	65,412
Seagate Technology Holdings PLC	1,996	471,176
Synopsys, Inc.^(a)	121	59,700
		39,175,294
Materials - 6.8%
Air Products and Chemicals, Inc.	214	58,362
Avery Dennison Corp.	21,669	3,514,062


	Shares	Value
Ecolab, Inc.	212	$58,058
International Flavors & Fragrances, Inc.	1,045	64,309
International Paper Co.	5,382	249,725
LyondellBasell Industries NV - Class A	1,432	70,225
Nucor Corp.	7,327	992,296
PPG Industries, Inc.	25,948	2,727,394
Smurfit WestRock PLC	5,082	216,341
		7,950,772
Real Estate - 0.0%^(c)
CoStar Group, Inc.^(a)	688	58,047
Utilities - 3.2%
American Electric Power Co., Inc.	20,963	2,358,337
American Water Works Co., Inc.	423	58,877
Dominion Energy, Inc.	4,833	295,635
Edison International	1,049	57,989
Exelon Corporation	1,603	72,151
NextEra Energy, Inc.	5,314	401,154
NiSource, Inc.	1,341	58,065
PG&E Corporation	16,066	242,275
Pinnacle West Capital Corp.	786	70,473
Southern Co.	761	72,120
		3,687,076
TOTAL COMMON STOCKS (Cost $108,300,009)		116,419,140
REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.4%
Real Estate - 0.4%
American Tower Corp.	298	57,311
Camden Property Trust	634	67,698
Equinix, Inc.	74	57,960
Invitation Homes, Inc.	1,996	58,543
Mid-America Apartment Communities, Inc.	487	68,048
UDR, Inc.	1,799	67,031
TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $391,193)		376,591
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.1%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)	170,623	170,623
TOTAL MONEY MARKET FUNDS (Cost $170,623)		170,623
TOTAL INVESTMENTS - 100.2% (Cost $108,861,825)		$116,966,354
Liabilities in Excess of Other Assets - (0.2)%		(205,513)
TOTAL NET ASSETS - 100.0%		$116,760,841

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

TABLE OF CONTENTS

Amplify AI Powered Equity ETF

Schedule of Investments

September 30, 2025(Continued)

Percentages are stated as a percent of net assets.

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

PLC - Public Limited Company

(a)	Non-income producing security.

(b)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(c)	Represents less than 0.05% of net assets.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify Alternative Harvest ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 53.4%
Consumer Staples - 3.8%
Village Farms International, Inc.^(a)(b)	2,392,296	$7,487,886
Health Care - 49.6%^(c)
Aurora Cannabis, Inc.^(a)(b)	1,341,746	7,996,806
Canopy Growth Corp.^(a)(b)	4,854,545	7,087,636
Cronos Group, Inc.^(a)	4,783,074	13,296,946
High Tide, Inc.^(a)	1,661,076	6,029,706
Organigram Global, Inc.^(a)(b)	2,179,567	4,424,521
SNDL, Inc.^(a)	5,874,481	15,743,609
Tilray Brands, Inc.^(a)(b)	26,055,099	45,075,321
		99,654,545
Industrials - 0.0%^(d)
Empresas ICA SAB de CV^(a)(e)	151,840	0
TOTAL COMMON STOCKS (Cost $88,053,303)		107,142,431
AFFILIATED EXCHANGE TRADED FUNDS - 46.3%
Amplify Seymour Cannabis ETF^(b)(f)(g)	3,146,879	93,053,212
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $67,856,774)		93,053,212
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 31.0%
First American Government Obligations Fund - Class X, 4.05%^(h)	62,284,536	62,284,536
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $62,284,536)		62,284,536
MONEY MARKET FUNDS - 0.3%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(h)	546,965	546,965
TOTAL MONEY MARKET FUNDS (Cost $546,965)		546,965
TOTAL INVESTMENTS - 131.0% (Cost $218,741,578)		$263,027,144
Liabilities in Excess of Other Assets - (31.0)%		(62,217,600)
TOTAL NET ASSETS - 100.0%		$200,809,544

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

(b)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $54,097,266.

(c)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(d)	Represents less than 0.05% of net assets.

(e)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of September 30, 2025.

(f)	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.

(g)	Affiliated security as defined by the Investment Company Act of 1940.

(h)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify Bitcoin 2% Monthly Option Income ETF

Consolidated Schedule of Investments

September 30, 2025


		Shares	Value
EXCHANGE TRADED FUNDS - 22.3%
iShares Bitcoin Trust ETF^(a)		70,560	$4,586,400
TOTAL EXCHANGE TRADED FUNDS (Cost $4,462,970)			4,586,400
	Notional Amount	Contracts
PURCHASED OPTIONS - 10.0%^(a)
Call Options - 10.0%
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00^(b)(c)(d)	$16,503,733	61	2,064,725
TOTAL PURCHASED OPTIONS (Cost $1,693,326)			2,064,725
		Shares
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 58.2%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(e)(f)		12,003,285	12,003,285
TOTAL MONEY MARKET FUNDS (Cost $12,003,285)			12,003,285
		Par
U.S. TREASURY BILLS - 15.9%
4.22%, 10/09/2025^(g)		$1,200,000	1,198,922
4.06%, 11/12/2025^(g)		500,000	497,669
4.04%, 11/25/2025^(g)		600,000	596,342
3.92%, 12/11/2025^(g)		791,000	785,010
3.80%, 12/26/2025^(g)		200,000	198,161
TOTAL U.S. TREASURY BILLS (Cost $3,276,021)			3,276,104
TOTAL INVESTMENTS - 106.4% (Cost $21,435,602)			$21,930,514
Liabilities in Excess of Other Assets – (6.4)%			(1,316,479)
TOTAL NET ASSETS - 100.0%			$20,614,035

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

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

(c)	Exchange-traded.

(d)	100 shares per contract.

(e)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

(f)	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.

(g)	The rate shown is the annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY BITCOIN 2% MONTHLY OPTION INCOME ETF

CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (6.8)%
Call Options - (1.0)%
Cboe Bitcoin U.S. ETF Index^(a)(b)
Expiration: 10/03/2025; Exercise Price: $2,700.20	$(13,798,203)	(51)	$(188,356)
Expiration: 10/03/2025; Exercise Price: $2,813.83	(2,705,530)	(10)	(5,952)
Total Call Options			(194,308)
Put Options - (5.8)%
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00^(a)(b)	(16,503,733)	(61)	(1,199,086)
TOTAL WRITTEN OPTIONS (Premiums received $1,497,911)			$(1,393,394)

Percentages are stated as a percentof net assets.

(a)	Exchange-traded.

(b)	100 shares per contract.

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

TABLE OF CONTENTS

Amplify Bitcoin Max Income Covered Call ETF

Consolidated Schedule of Investments

September 30, 2025


	Notional Amount	Contracts	Value
PURCHASED OPTIONS - 12.9%^(a)
Call Options - 12.9%^(b)(c)
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00^(d)	$16,774,286	62	$2,098,574
Cboe Mini Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $260.50^(d)	54,110	2	6,731
TOTAL PURCHASED OPTIONS (Cost $1,683,115)			2,105,305
		Shares
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 75.1%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(e)(f)		12,220,127	12,220,127
TOTAL MONEY MARKET FUNDS (Cost $12,220,127)			12,220,127
		Par
U.S. TREASURY BILLS - 18.1%
4.22%, 10/28/2025^(g)		$40,000	39,879
4.16%, 10/30/2025^(g)		570,000	568,145
4.10%, 11/13/2025^(g)		400,000	398,086
4.12%, 11/20/2025^(g)		400,000	397,797
3.92%, 12/11/2025^(g)		410,000	406,895
3.84%, 12/26/2025^(g)		1,140,000	1,129,515
TOTAL U.S. TREASURY BILLS (Cost $2,940,275)			2,940,317
TOTAL INVESTMENTS - 106.1% (Cost $16,843,517)			$17,265,749
Liabilities in Excess of Other Assets – (6.1)%			(991,180)
TOTAL NET ASSETS - 100.0%			$16,274,569

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

(b)	100 shares per contract.

(c)	Exchange-traded.

(d)	Held in connection with written option contracts. See Schedule of Written Options for further information.

(e)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

(f)	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.

(g)	The rate shown is the annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY BITCOIN MAX INCOME COVERED CALL ETF

CONSOLIDATED SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (8.8)%^(a)(b)
Call Options - (1.3)%
CboeBitcoin U.S. ETF Index
Expiration: 10/03/2025; Exercise Price: $2,700.20	$(15,692,074)	(58)	$(214,209)
Expiration: 10/03/2025; Exercise Price: $2,813.83	(1,082,212)	(4)	(2,381)
Cboe Mini Bitcoin U.S. ETF Index, Expiration: 10/03/2025; Exercise Price: $281.38	(54,110)	(2)	(75)
Total Call Options			(216,665)
Put Options - (7.5)%
Cboe Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $2,605.00	(16,774,286)	(62)	(1,218,743)
Cboe Mini Bitcoin U.S. ETF Index, Expiration: 01/16/2026; Exercise Price: $260.50	(54,110)	(2)	(3,942)
Total Put Options			(1,222,685)
TOTAL WRITTEN OPTIONS (Premiums received $1,559,819)			$(1,439,350)

Percentages are stated as a percentof net assets.

(a)	100 shares per contract.

(b)	Exchange-traded.

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

TABLE OF CONTENTS

Amplify BlackSwan Growth & Treasury Core ETF

Schedule of Investments

September 30, 2025


		Par	Value
U.S. TREASURY SECURITIES - 84.8%
United States Treasury Note/Bond
0.88%, 11/15/2030		$26,126,000	$22,663,284
1.63%, 05/15/2031		25,387,000	22,615,751
1.38%, 11/15/2031		26,196,000	22,684,099
2.88%, 05/15/2032		23,969,000	22,542,563
4.13%, 11/15/2032		22,184,000	22,450,035
3.38%, 05/15/2033		23,461,000	22,545,471
4.50%, 11/15/2033		21,751,000	22,495,717
4.38%, 05/15/2034		22,006,000	22,523,055
4.25%, 11/15/2034		22,545,000	22,806,557
4.25%, 05/15/2035		22,582,000	22,793,706
TOTAL U.S. TREASURY SECURITIES (Cost $225,375,247)			226,120,238
	Notional Amount	Contracts
PURCHASED OPTIONS - 14.0%^(a)
Call Options - 14.0%
SPDR S&P 500 ETF Trust^(b)(c)
Expiration: 12/19/2025; Exercise Price: $585.01	$125,774,784	1,888	16,718,920
Expiration: 06/18/2026; Exercise Price: $560.01	105,989,238	1,591	20,619,853
TOTAL PURCHASED OPTIONS (Cost $24,743,496)			37,338,773
		Shares
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.2%
Dreyfus Treasury Securities Cash Management, 3.19%^(d)		2,387	2,387
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)		513,532	513,532
TOTAL MONEY MARKET FUNDS (Cost $515,919)			515,919
TOTAL INVESTMENTS - 99.0% (Cost $250,634,662)			$263,974,930
Other Assets in Excess of Liabilities - 1.0%			2,635,287
TOTAL NET ASSETS - 100.0%			$266,610,217

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

(b)	Exchange-traded.

(c)	100 shares per contract.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify BlackSwan ISWN ETF

Schedule of Investments

September 30, 2025


		Par	Value
U.S. TREASURY SECURITIES - 84.2%
United States Treasury Note/Bond
0.88%, 11/15/2030		$3,233,000	$2,804,501
1.63%, 05/15/2031		3,144,000	2,800,800
1.38%, 11/15/2031		3,245,000	2,809,967
2.88%, 05/15/2032		2,971,000	2,794,191
4.13%, 11/15/2032		2,749,000	2,781,967
3.38%, 05/15/2033		2,908,000	2,794,520
4.50%, 11/15/2033		2,696,000	2,788,306
4.38%, 05/15/2034		2,728,000	2,792,097
4.25%, 11/15/2034		2,802,000	2,834,508
4.25%, 05/15/2035		2,809,000	2,835,334
TOTAL U.S. TREASURY SECURITIES (Cost $27,840,500)			28,036,191
	Notional Amount	Contracts
PURCHASED OPTIONS - 14.6%^(a)
Call Options - 14.6%
iShares MSCI EAFE ETF^(b)(c)
Expiration: 12/19/2025; Exercise Price: $75.01	$15,060,581	1,613	2,985,163
Expiration: 01/15/2027; Exercise Price: $83.01	12,306,166	1,318	1,879,152
TOTAL PURCHASED OPTIONS (Cost $3,011,416)			4,864,315
		Shares
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.2%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)		78,208	78,208
TOTAL MONEY MARKET FUNDS (Cost $78,208)			78,208
TOTAL INVESTMENTS - 99.0% (Cost $30,930,124)			$32,978,714
Other Assets in Excess of Liabilities - 1.0%			326,615
TOTAL NET ASSETS - 100.0%			$ 33,305,329

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

(b)	Exchange-traded.

(c)	100 shares per contract.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify Bloomberg AI Value Chain ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.3%
Communication Services - 2.7%
Alphabet, Inc. - Class A	3,499	$850,607
Consumer Discretionary - 5.3%
Alibaba Group Holding Ltd.	46,900	1,066,950
Amazon.com, Inc.^(a)	2,812	617,431
		1,684,381
Industrials - 2.3%
Vertiv Holdings Co. - Class A	4,914	741,326
Information Technology - 89.0%^(b)
Advanced Micro Devices, Inc.^(a)	4,555	736,953
Advantest Corp.	8,500	843,180
Appian Corp. - Class A^(a)	20,611	630,078
Apple, Inc.	2,942	749,121
Arista Networks, Inc.^(a)	6,128	892,911
ASM International NV	1,046	627,802
ASML Holding NV	809	787,175
Atlassian Corp. - Class A^(a)	2,942	469,837
Broadcom, Inc.	2,283	753,184
Cadence Design System, Inc.^(a)	1,922	675,122
Celestica, Inc.^(a)	3,926	966,320
Confluent, Inc. - Class A^(a)	23,887	472,963
Credo Technology Group Holding Ltd.^(a)	6,711	977,189
Datadog, Inc. - Class A^(a)	4,049	576,578
Dell Technologies, Inc. - Class C	5,017	711,260
DigitalOcean Holdings, Inc.^(a)	21,515	734,952
Gitlab, Inc. - Class A^(a)	13,548	610,744
Hewlett Packard Enterprise Co.	29,439	723,022
Hon Hai Precision Industry Co. Ltd.	113,000	800,840
HP, Inc.	24,162	657,931
International Business Machines Corp.	2,152	607,208
Marvell Technology, Inc.	8,356	702,489
MediaTek, Inc.	14,000	604,042
Micron Technology, Inc.	5,137	859,523
Microsoft Corp.	1,259	652,099
MongoDB, Inc.^(a)	2,973	922,760
Monolithic Power Systems, Inc.	828	762,290
NetApp, Inc.	5,857	693,820
NVIDIA Corp.	3,943	735,685
Oracle Corp.	2,647	744,442
Qualcomm, Inc.	3,873	644,312
Quanta Computer, Inc.	65,000	618,479
Samsung Electronics Co. Ltd.	13,519	808,413
SK Hynix, Inc.	3,164	783,643
Snowflake, Inc. - Class A^(a)	2,836	639,660
Super Micro Computer, Inc.^(a)	12,937	620,200
Synopsys, Inc.^(a)	1,145	564,932


	Shares	Value
Taiwan Semiconductor Manufacturing Co. Ltd.	17,000	$727,902
Western Digital Corporation	9,507	1,141,410
		28,230,471
TOTAL COMMON STOCKS (Cost $24,168,467)		31,506,785
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.7%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(c)	218,256	218,256
TOTAL MONEY MARKET FUNDS (Cost $218,256)		218,256
TOTAL INVESTMENTS - 100.0% (Cost $24,386,723)		$31,725,041
Other Assets in Excess of Liabilities - 0.0%^(d)		13,179
TOTAL NET ASSETS - 100.0%		$31,738,220

Percentages are stated as a percent of net assets.

(a)	Non-income producing security.

(b)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(c)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

(d)	Represents less than 0.05% of net assets.

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

TABLE OF CONTENTS

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF

Schedule of Investments

September 30, 2025


	Shares	Value
EXCHANGE TRADED FUNDS - 67.0%
iShares 20+ Year Treasury Bond ETF^(a)(b)	86,400	$7,721,568
TOTAL EXCHANGE TRADED FUNDS (Cost $7,633,015)		7,721,568
	Par
U.S. TREASURY SECURITIES - 33.1%
United States Treasury Note/Bond, 4.25%, 08/15/2054	$4,140,000	3,819,878
TOTAL U.S. TREASURY SECURITIES (Cost $3,881,989)		3,819,878
	Shares
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.1%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(c)	10,272	10,272
TOTAL MONEY MARKET FUNDS (Cost $10,272)		10,272
TOTAL INVESTMENTS - 100.2% (Cost $11,525,276)		$11,551,718
Liabilities in Excess of Other Assets – (0.2)%		(23,622)
TOTAL NET ASSETS - 100.0%		$11,528,096

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

(a)	Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.

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

(c)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY BLOOMBERG U.S. TREASURY 12% PREMIUM INCOME ETF

SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (0.4)%
Call Options - (0.4)%
iShares 20+ Year Treasury Bond ETF, Expiration: 10/03/2025; Exercise Price: $89.00^(a)(b)	$(7,721,568)	(864)	$ (43,217)
TOTAL WRITTEN OPTIONS (Premiums received $27,648)			$(43,217)

Percentages are stated as a percentof net assets.

(a)	Exchange-traded.

(b)	100 shares per contract.

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

TABLE OF CONTENTS

Amplify BlueStar Israel Technology ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.8%
Communication Services - 1.7%
Nexxen International Ltd.^(a)	36,895	$341,278
Perion Network Ltd.^(a)	41,498	398,381
Playtika Holding Corp.	107,574	418,463
Taboola.com Ltd.^(a)	174,519	595,110
		1,753,232
Consumer Discretionary - 4.1%
Global-e Online Ltd.^(a)	71,059	2,541,070
Maytronics, Ltd.	0^(b)	0
Mobileye Global, Inc. - Class A^(a)	115,389	1,629,293
		4,170,363
Financials - 4.8%
Lemonade, Inc.^(a)	40,886	2,188,628
Payoneer Global, Inc.^(a)	176,637	1,068,654
Plus500, Ltd.	38,145	1,653,566
		4,910,848
Health Care - 1.7%
Inmode Ltd.^(a)	52,023	775,143
Nano-X Imaging Ltd.^(a)(c)	81,404	301,195
Novocure, Ltd.^(a)	48,564	627,447
Pluri, Inc.^(a)	0^(b)	0
		1,703,785
Industrials - 10.9%
Elbit Systems Ltd.^(c)	16,467	8,394,876
Fiverr International Ltd.^(a)	25,192	614,937
Hilan, Ltd.	8,969	693,954
Kornit Digital, Ltd.^(a)	31,193	421,105
Nano Dimension Ltd. - ADR^(a)	285,816	448,731
Stratasys, Ltd.^(a)	56,303	630,594
		11,204,197
Information Technology - 70.9%^(d)
Amdocs, Ltd.	56,615	4,645,261
Camtek Ltd.^(a)(c)	21,796	2,289,670
Cellebrite DI Ltd.^(a)	94,250	1,746,453
CEVA, Inc.^(a)	20,083	530,392
Check Point Software Technologies, Ltd.^(a)	31,770	6,573,531
Cognyte Software, Ltd.^(a)	48,741	409,424
CyberArk Software, Ltd.^(a)	17,883	8,640,171
Formula Systems 1985, Ltd.	5,088	709,717
Gilat Satellite Networks Ltd.^(a)	66,474	865,491
Ituran Location and Control, Ltd.	14,479	517,190
JFrog Ltd.^(a)	71,095	3,364,926
Magic Software Enterprises Ltd.	25,387	518,149
Matrix IT, Ltd.	23,510	829,095
Monday.com Ltd.^(a)	23,495	4,550,747
Nayax Ltd.^(a)	14,371	688,642
Next Vision Stabilized Systems Ltd.	38,518	1,748,963
Nice Ltd. - ADR^(a)	38,433	5,564,330
Nova Ltd.^(a)	12,099	3,867,566
One Software Technologies Ltd.	26,547	650,034


	Shares	Value
Pagaya Technologies Ltd. - Class A^(a)	39,567	$1,174,744
Powerfleet, Inc.^(a)	120,018	628,894
Priortech Ltd.^(a)	7,948	473,969
Radware, Ltd.^(a)	29,860	790,991
Riskified Ltd. - Class A^(a)	91,689	429,105
Sapiens International Corp.	29,108	1,251,644
SentinelOne, Inc. - Class A^(a)	191,011	3,363,704
SimilarWeb Ltd.^(a)	61,387	570,899
SolarEdge Technologies, Inc.^(a)(c)	39,639	1,466,643
Tower Semiconductor Ltd.^(a)	53,131	3,841,371
Varonis Systems, Inc.^(a)	63,475	3,647,908
Weebit Nano Ltd.^(a)	317,086	668,275
Wix.com, Ltd.^(a)	33,039	5,868,718
		72,886,617
Utilities - 5.7%
Energix-Renewable Energies, Ltd.	192,852	833,639
Enlight Renewable Energy, Ltd.^(a)	58,789	1,813,398
Ormat Technologies, Inc.	33,865	3,259,506
		5,906,543
TOTAL COMMON STOCKS (Cost $96,170,004)		102,535,585
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.1%
First American Government Obligations Fund - Class X, 4.05%^(e)	8,388,694	8,388,694
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $8,388,694)		8,388,694
MONEY MARKET FUNDS - 0.2%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(e)	175,688	175,688
TOTAL MONEY MARKET FUNDS (Cost $175,688)		175,688
TOTAL INVESTMENTS - 108.1% (Cost $104,734,386)		$111,099,967
Liabilities in Excess of Other Assets - (8.1)%		(8,361,794)
TOTAL NET ASSETS - 100.0%		$102,738,173

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

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

TABLE OF CONTENTS

Amplify BlueStar Israel Technology ETF

Schedule of Investments

September 30, 2025(Continued)

(a)	Non-income producing security.

(b)	Rounds to zero.

(c)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $8,306,703.

(d)	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.

(e)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify Cash Flow Dividend Leaders ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.2%
Communication Services - 14.8%
Comcast Corp. - Class A	13,411	$421,374
Match Group, Inc.	11,279	398,374
Nexstar Media Group, Inc.	2,844	562,372
Omnicom Group, Inc.	5,868	478,418
Paramount Skydance Corp.^(a)	29,715	562,208
T-Mobile US, Inc.	1,146	274,329
Warner Bros Discovery, Inc.^(b)	35,805	699,272
		3,396,347
Consumer Discretionary - 18.0%
Abercrombie & Fitch Co. - Class A^(b)	4,660	398,663
Bath & Body Works, Inc.	15,944	410,717
Best Buy Co., Inc.	5,410	409,104
BorgWarner, Inc.	9,947	437,270
Crocs, Inc.^(b)	5,532	462,199
Etsy, Inc.^(b)	7,720	512,531
Expedia Group, Inc.	1,897	405,484
Gap, Inc.	18,654	399,009
LKQ Corp.	10,427	318,440
Mattel, Inc.^(b)	22,737	382,664
		4,136,081
Consumer Staples - 2.2%
Molson Coors Beverage Co. - Class B	11,443	517,796
Energy - 16.1%
APA Corp.	19,278	468,070
Coterra Energy, Inc.	15,714	371,636
EQT Corp.	10,969	597,043
Magnolia Oil & Gas Corp. - Class A	13,772	328,738
Matador Resources Co.	11,352	510,045
NOV, Inc.	29,407	389,643
Ovintiv, Inc.	10,474	422,940
Range Resources Corp.	16,110	606,380
		3,694,495
Financials - 5.7%
Global Payments, Inc.	5,278	438,496
PayPal Holdings, Inc.^(b)	6,840	458,690
WEX, Inc.^(b)	2,648	417,140
		1,314,326
Health Care - 3.4%
Biogen, Inc.^(b)	3,148	440,972
Universal Health Services, Inc. - Class B	1,710	349,592
		790,564
Industrials - 16.6%
Allison Transmission Holdings, Inc.	4,472	379,583
FedEx Corp.	2,487	586,460
Genpact Ltd.	13,053	546,790
Leidos Holdings, Inc.	1,662	314,052
Lyft, Inc. - Class A^(b)	22,137	487,235


	Shares	Value
Owens Corning	3,665	$518,451
Science Applications International Corp.	4,290	426,297
Timken Co.	7,347	552,348
		3,811,216
Information Technology - 14.3%
Cognizant Technology Solutions Corp. - Class A	8,116	544,340
Dell Technologies, Inc. - Class C	4,510	639,383
Dropbox, Inc. - Class A^(b)	14,621	441,701
EPAM Systems, Inc.^(b)	2,933	442,267
NetApp, Inc.	2,440	289,042
QUALCOMM, Inc.	3,531	587,417
Skyworks Solutions, Inc.	4,310	331,784
		3,275,934
Materials - 6.6%
Alcoa Corp.	18,146	596,822
CF Industries Holdings, Inc.	6,459	579,372
Sealed Air Corp.	9,777	345,617
		1,521,811
Utilities - 1.5%
NRG Energy, Inc.	2,171	351,594
TOTAL COMMON STOCKS (Cost $22,162,235)		22,810,164
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.5%
First American Government Obligations Fund - Class X, 4.05%^(c)	576,460	576,460
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $576,460)		576,460
MONEY MARKET FUNDS - 0.7%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(c)	148,303	148,303
TOTAL MONEY MARKET FUNDS (Cost $148,303)		148,303
TOTAL INVESTMENTS - 102.4% (Cost $22,886,998)		$23,534,927
Liabilities in Excess of Other Assets - (2.4)%		(559,775)
TOTAL NET ASSETS - 100.0%		$22,975,152

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

TABLE OF CONTENTS

Amplify Cash Flow Dividend Leaders ETF

Schedule of Investments

September 30, 2025(Continued)

Percentages are stated as a percent of net assets.

(a)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $545,331.

(b)	Non-income producing security.

(c)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

Amplify COWS Covered Call ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 96.9%
Communication Services - 13.7%
Match Group, Inc.^(a)	6,753	$238,516
Nexstar Media Group, Inc.^(a)	1,703	336,751
Omnicom Group, Inc.^(a)	3,514	286,497
Paramount Skydance Corp.^(a)	17,795	336,681
T-Mobile US, Inc.^(a)	686	164,215
Warner Bros Discovery, Inc.^(a)(b)	21,442	418,762
		1,781,422
Consumer Discretionary - 15.1%
Abercrombie & Fitch Co. - Class A^(a)(b)	2,790	238,684
Best Buy Co., Inc.^(a)	3,239	244,933
BorgWarner, Inc.^(a)	5,957	261,870
Etsy, Inc.^(a)(b)	4,623	306,921
Expedia Group, Inc.^(a)	1,135	242,606
Gap, Inc.^(a)	11,171	238,948
LKQ Corp.^(a)	6,244	190,692
Mattel, Inc.^(a)(b)	13,616	229,157
		1,953,811
Energy - 17.1%
APA Corp.^(a)	11,544	280,288
Coterra Energy, Inc.^(a)	9,410	222,547
EQT Corp.^(a)	6,568	357,496
Magnolia Oil & Gas Corp. - Class A^(a)	8,247	196,856
Matador Resources Co.^(a)	6,798	305,434
NOV, Inc.^(a)	17,610	233,333
Ovintiv, Inc.^(a)	6,271	253,223
Range Resources Corp.^(a)	9,646	363,075
		2,212,252
Financials - 6.1%
Global Payments, Inc.^(a)	3,160	262,533
PayPal Holdings, Inc.^(a)(b)	4,096	274,678
WEX, Inc.^(a)(b)	1,585	249,685
		786,896
Health Care - 3.6%
Biogen, Inc.^(a)(b)	1,885	264,051
Universal Health Services, Inc. - Class B^(a)	1,024	209,346
		473,397
Industrials - 17.6%
Allison Transmission Holdings, Inc.^(a)	2,678	227,309
FedEx Corp.^(a)	1,489	351,121
Genpact Ltd.^(a)	7,816	327,412
Leidos Holdings, Inc.^(a)	995	188,015
Lyft, Inc. - Class A^(a)(b)	13,256	291,764
Owens Corning^(a)	2,195	310,505
Science Applications International Corp.^(a)	2,568	255,182
Timken Co.^(a)	4,399	330,717
		2,282,025


	Shares	Value
Information Technology - 15.1%
Cognizant Technology Solutions Corp. - Class A^(a)	4,860	$325,960
Dell Technologies, Inc. - Class C^(a)	2,700	382,779
Dropbox, Inc. - Class A^(a)(b)	8,755	264,489
EPAM Systems, Inc.^(a)(b)	1,756	264,787
NetApp, Inc.^(a)	1,461	173,070
QUALCOMM, Inc.^(a)	2,114	351,685
Skyworks Solutions, Inc.^(a)	2,581	198,686
		1,961,456
Materials - 7.0%
Alcoa Corp.^(a)	10,866	357,383
CF Industries Holdings, Inc.^(a)	3,867	346,870
Sealed Air Corp.^(a)	5,855	206,974
		911,227
Utilities - 1.6%
NRG Energy, Inc.^(a)	1,300	210,535
TOTAL COMMON STOCKS (Cost $12,236,126)		12,573,021
AFFILIATED EXCHANGE TRADED FUNDS - 3.8%
Amplify Cash Flow Dividend Leaders ETF^(c)	15,500	494,641
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $494,083)		494,641
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.2%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)	23,006	23,006
TOTAL MONEY MARKET FUNDS (Cost $23,006)		23,006
TOTAL INVESTMENTS - 100.9% (Cost $12,753,215)		$13,090,668
Liabilities in Excess of Other Assets - (0.9)%		(121,720)
TOTAL NET ASSETS - 100.0%		$12,968,948

Percentages are stated as a percent of net assets.

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

(b)	Non-income producing security.

(c)	Affiliated security as defined by the Investment Company Act of 1940.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY COWS COVERED CALL ETF

SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (1.0)%
Call Options - (1.0)%^(a)(b)
Abercrombie & Fitch Co., Expiration: 10/17/2025; Exercise Price: $98.00	$(205,320)	(24)	$(1,140)
Alcoa Corp., Expiration: 10/17/2025; Exercise Price: $36.00	(305,877)	(93)	(4,557)
Allison Transmission Holdings, Inc., Expiration: 10/17/2025; Exercise Price: $95.00	(195,224)	(23)	(1,840)
APA Corp., Expiration: 10/17/2025; Exercise Price: $26.00	(252,512)	(104)	(3,744)
Best Buy Co., Inc., Expiration: 10/17/2025; Exercise Price: $77.00	(211,736)	(28)	(4,704)
Biogen, Inc., Expiration: 10/17/2025; Exercise Price: $152.50	(224,128)	(16)	(760)
BorgWarner, Inc., Expiration: 10/17/2025; Exercise Price: $47.50	(237,384)	(54)	(540)
CF Industries Holdings, Inc., Expiration: 10/17/2025; Exercise Price: $92.50	(296,010)	(33)	(4,867)
Cognizant Technology Solutions Corp., Expiration: 10/17/2025; Exercise Price: $75.00	(288,401)	(43)	(538)
Coterra Energy, Inc., Expiration: 10/17/2025; Exercise Price: $25.00	(203,390)	(86)	(1,505)
Dell Technologies, Inc., Expiration: 10/17/2025; Exercise Price: $146.00	(297,717)	(21)	(7,087)
Dropbox, Inc., Expiration: 10/17/2025; Exercise Price: $32.00	(217,512)	(72)	(1,440)
EPAM Systems, Inc., Expiration: 10/17/2025; Exercise Price: $170.00	(211,106)	(14)	(1,645)
EQT Corp., Expiration: 10/17/2025; Exercise Price: $53.00	(326,580)	(60)	(15,270)
Etsy, Inc., Expiration: 10/17/2025; Exercise Price: $70.00	(265,560)	(40)	(7,840)
Expedia Group, Inc., Expiration: 10/17/2025; Exercise Price: $235.00	(192,375)	(9)	(333)
FedEx Corp., Expiration: 10/17/2025; Exercise Price: $242.50	(306,553)	(13)	(4,095)
Gap, Inc., Expiration: 10/17/2025; Exercise Price: $24.00	(216,039)	(101)	(758)
Genpact Ltd., Expiration: 10/17/2025; Exercise Price: $45.00	(305,797)	(73)	(1,095)
Global Payments, Inc., Expiration: 10/17/2025; Exercise Price: $95.00	(232,624)	(28)	(560)
Leidos Holdings, Inc., Expiration: 10/17/2025; Exercise Price: $195.00	(151,168)	(8)	(1,380)
LKQ Corp., Expiration: 10/17/2025; Exercise Price: $32.50	(146,592)	(48)	(600)
Lyft, Inc., Expiration: 10/17/2025; Exercise Price: $29.00	(224,502)	(102)	(816)
Magnolia Oil & Gas Corp., Expiration: 10/17/2025; Exercise Price: $25.00	(162,316)	(68)	(2,380)
Matador Resources Co., Expiration: 10/17/2025; Exercise Price: $50.00	(278,566)	(62)	(2,015)
Match Group, Inc., Expiration: 10/17/2025; Exercise Price: $41.00	(215,452)	(61)	(2,989)
Mattel, Inc., Expiration: 10/17/2025; Exercise Price: $18.00	(205,326)	(122)	(1,525)
NetApp, Inc., Expiration: 10/17/2025; Exercise Price: $130.00	(130,306)	(11)	(330)
Nexstar Media Group, Inc., Expiration: 10/17/2025; Exercise Price: $220.00	(257,062)	(13)	(1,625)
NOV, Inc., Expiration: 10/17/2025; Exercise Price: $14.00	(209,350)	(158)	(3,160)
NRG Energy, Inc., Expiration: 10/17/2025; Exercise Price: $187.50	(178,145)	(11)	(385)
Omnicom Group, Inc., Expiration: 10/17/2025; Exercise Price: $80.00	(244,590)	(30)	(10,050)
Ovintiv, Inc., Expiration: 10/17/2025; Exercise Price: $45.00	(230,166)	(57)	(1,140)
Owens Corning, Expiration: 10/17/2025; Exercise Price: $155.00	(268,774)	(19)	(1,330)
Paramount Skydance Corp., Expiration: 10/17/2025; Exercise Price: $25.00	(293,260)	(155)	(930)
PayPal Holdings, Inc., Expiration: 10/17/2025; Exercise Price: $72.50	(248,122)	(37)	(1,943)
QUALCOMM, Inc., Expiration: 10/17/2025; Exercise Price: $180.00	(299,448)	(18)	(1,215)
Range Resources Corp., Expiration: 10/17/2025; Exercise Price: $38.00	(319,940)	(85)	(8,712)
Science Applications International Corp., Expiration: 10/17/2025; Exercise Price: $110.00	(218,614)	(22)	(770)
Sealed Air Corp., Expiration: 10/17/2025; Exercise Price: $35.00	(176,750)	(50)	(7,125)
Skyworks Solutions, Inc., Expiration: 10/17/2025; Exercise Price: $90.00	(169,356)	(22)	(385)
Timken Co., Expiration: 10/17/2025; Exercise Price: $80.00	(278,166)	(37)	(3,053)
T-Mobile US, Inc., Expiration: 10/17/2025; Exercise Price: $250.00	(119,690)	(5)	(615)
Universal Health Services, Inc., Expiration: 10/17/2025; Exercise Price: $210.00	(163,552)	(8)	(2,320)
Warner Bros Discovery, Inc., Expiration: 10/17/2025; Exercise Price: $25.00	(371,070)	(190)	(855)
WEX, Inc., Expiration: 10/17/2025; Exercise Price: $170.00	(189,036)	(12)	(1,800)
TOTAL WRITTEN OPTIONS (Premiums received $105,380)			$(123,766)

Percentages are stated as a percent of net assets.

(a)	100 shares per contract.

(b)	Exchange-traded.

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

TABLE OF CONTENTS

Amplify CWP Enhanced Dividend Income ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 86.6%
Communication Services - 5.8%
Meta Platforms, Inc. - Class A	277,027	$203,443,088
Verizon Communications, Inc.	2,332,627	102,518,957
		305,962,045
Consumer Discretionary - 13.4%
Home Depot, Inc.	646,045	261,770,973
McDonald’s Corp.	689,784	209,618,460
TJX Cos., Inc.	1,588,767	229,640,382
		701,029,815
Consumer Staples - 2.8%
Procter & Gamble Co.	974,479	149,728,698
Energy - 3.1%
Chevron Corp.	1,066,931	165,683,715
Financials - 24.7%
American Express Co.^(a)	797,031	264,741,817
CME Group, Inc.	962,279	259,998,163
Goldman Sachs Group, Inc.^(a)	311,839	248,332,988
JPMorgan Chase & Co.^(a)	816,336	257,496,864
Visa, Inc. - Class A	771,024	263,212,173
		1,293,782,005
Health Care - 2.0%
Merck & Co., Inc.	1,258,653	105,638,746
Industrials - 14.5%
Caterpillar, Inc.^(a)	609,738	290,936,487
Honeywell International, Inc.	948,239	199,604,310
RTX Corp.^(a)	1,611,659	269,678,900
		760,219,697
Information Technology - 14.7%
Apple, Inc.^(a)	1,118,248	284,739,488
International Business Machines Corp.^(a)	789,647	222,806,798
Microsoft Corp.	505,427	261,785,915
		769,332,201
Materials - 3.2%
Agnico Eagle Mines Ltd.^(a)	992,720	167,332,883
Utilities - 2.4%
Duke Energy Corp.	1,024,223	126,747,596
TOTAL COMMON STOCKS (Cost $3,650,593,809)		4,545,457,401
EXCHANGE TRADED FUNDS - 4.0%
SPDR Dow Jones Industrial Average ETF Trust	450,955	209,125,872
TOTAL EXCHANGE TRADED FUNDS (Cost $207,850,032)		209,125,872


	Shares	Value
AFFILIATED EXCHANGE TRADED FUNDS - 3.6%
Amplify Samsung SOFR ETF^(b)(c)	1,902,160	$190,529,857
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $190,793,158)		190,529,857
SHORT-TERM INVESTMENTS
Money Market Funds - 6.0%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)	312,130,968	312,130,968
TOTAL MONEY MARKET FUNDS (Cost $312,130,968)		312,130,968
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.0%^(e)
First American Government Obligations Fund - Class X, 4.05%^(d)	419,225	419,225
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $419,225)		419,225
TOTAL INVESTMENTS - 100.2% (Cost $4,361,787,192)		$5,257,663,323
Liabilities in Excess of Other Assets - (0.2)%		(11,497,480)
TOTAL NET ASSETS - 100.0%		$5,246,165,843

Percentages are stated as a percent of net assets.

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

(b)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $410,677.

(c)	Affiliated security as defined by the Investment Company Act of 1940.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

(e)	Represents less than 0.05% of net assets.

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

TABLE OF CONTENTS

AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF

SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (0.2)%
Call Options - (0.2)%^(a)(b)
Agnico Eagle Mines Ltd., Expiration: 10/03/2025; Exercise Price: $160.00	$(67,424,000)	(4,000)	$(3,560,000)
American Express Co., Expiration: 10/17/2025; Exercise Price: $360.00	(26,572,800)	(800)	(150,000)
Apple, Inc.
Expiration: 10/10/2025; Exercise Price: $250.00	(7,638,900)	(300)	(204,750)
Expiration: 10/17/2025; Exercise Price: $250.00	(152,778,000)	(6,000)	(4,755,000)
Caterpillar, Inc.
Expiration: 10/17/2025; Exercise Price: $470.00	(47,715,000)	(1,000)	(1,500,000)
Expiration: 10/17/2025; Exercise Price: $520.00	(76,344,000)	(1,600)	(110,400)
Goldman Sachs Group, Inc., Expiration: 10/17/2025; Exercise Price: $850.00	(19,908,750)	(250)	(154,375)
International Business Machines Corp., Expiration: 10/17/2025; Exercise Price: $280.00	(14,108,000)	(500)	(416,250)
JPMorgan Chase & Co.
Expiration: 10/17/2025; Exercise Price: $330.00	(25,234,400)	(800)	(195,200)
Expiration: 10/17/2025; Exercise Price: $335.00	(141,943,500)	(4,500)	(695,250)
RTX Corp., Expiration: 10/17/2025; Exercise Price: $165.00	(25,099,500)	(1,500)	(686,250)
TOTAL WRITTEN OPTIONS (Premiums received $7,698,499)			$(12,427,475)

Percentages are stated as a percent of net assets.

(a)	100 shares per contract.

(b)	Exchange-traded.

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

TABLE OF CONTENTS

Amplify CWP Growth & Income ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 96.9%
Communication Services - 18.8%
Alphabet, Inc. - Class A^(a)	86,597	$21,051,731
AST SpaceMobile, Inc.^(b)	14,492	711,267
Meta Platforms, Inc. - Class A	22,247	16,337,752
Netflix, Inc.^(b)	8,943	10,721,941
ROBLOX Corp. - Class A^(b)	24,090	3,336,947
Spotify Technology SA^(a)(b)	3,935	2,746,630
T-Mobile US, Inc.^(a)	24,131	5,776,479
Verizon Communications, Inc.	932	40,961
		60,723,708
Consumer Discretionary - 15.0%
Amazon.com, Inc.^(a)(b)	82,973	18,218,382
Coupang, Inc.^(b)	48,348	1,556,806
DoorDash, Inc. - Class A^(b)	12,577	3,420,818
DraftKings, Inc. - Class A^(b)	35,485	1,327,139
Hasbro, Inc.	47,378	3,593,621
Home Depot, Inc.	16,316	6,611,080
Tesla, Inc.^(b)	31,029	13,799,217
		48,527,063
Consumer Staples - 5.7%
Altria Group, Inc.	55,809	3,686,743
Coca-Cola Co.	60,766	4,030,001
Costco Wholesale Corp.	5,490	5,081,709
PepsiCo, Inc.	10,819	1,519,420
Procter & Gamble Co.	26,333	4,046,065
		18,363,938
Financials - 6.5%
Allstate Corp.	20,895	4,485,112
Robinhood Markets, Inc. - Class A^(a)(b)	48,438	6,935,353
Visa, Inc. - Class A	27,901	9,524,843
		20,945,308
Health Care - 3.0%
Cencora, Inc.	14,351	4,485,118
Eli Lilly & Co.^(a)	6,693	5,106,759
		9,591,877
Industrials - 4.8%
Boeing Co.^(b)	13,859	2,991,188
EMCOR Group, Inc.	1,700	1,104,218
Honeywell International, Inc.	18,533	3,901,197
Rocket Lab Corp.^(b)	5,953	285,208
RTX Corp.	27,024	4,521,926
Uber Technologies, Inc.^(b)	26,463	2,592,580
		15,396,317
Information Technology - 40.5%^(c)
Advanced Micro Devices, Inc.^(b)	50,430	8,159,070
Apple, Inc.	121,075	30,829,327
Broadcom, Inc.^(a)	47,000	15,505,770
Cisco Systems, Inc.	70,085	4,795,215
Microsoft Corp.	55,335	28,660,763


	Shares	Value
NVIDIA Corp.	191,134	$35,661,782
Oracle Corp.^(a)	12,641	3,555,155
Palantir Technologies, Inc. - Class A^(b)	10,740	1,959,191
Unity Software, Inc.^(b)	49,069	1,964,723
		131,090,996
Materials - 1.7%
Linde PLC	11,608	5,513,800
Real Estate - 0.9%
Jones Lang LaSalle, Inc.^(b)	10,327	3,080,338
TOTAL COMMON STOCKS (Cost $289,513,404)		313,233,345
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 3.3%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)	10,636,643	10,636,643
TOTAL MONEY MARKET FUNDS (Cost $10,636,643)		10,636,643
TOTAL INVESTMENTS - 100.2% (Cost $300,150,047)		$323,869,988
Liabilities in Excess of Other Assets - (0.2)%		(644,896)
TOTAL NET ASSETS - 100.0%		$323,225,092

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

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

(b)	Non-income producing security.

(c)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY CWP GROWTH & INCOME ETF

SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (1.9)%
Call Options - (1.9)%^(a)(b)
Alphabet, Inc., Expiration: 10/10/2025; Exercise Price: $240.00	$(6,199,050)	(255)	$(174,675)
Amazon.com, Inc., Expiration: 10/10/2025; Exercise Price: $220.00	(5,401,422)	(246)	(103,320)
Broadcom, Inc., Expiration: 10/17/2025; Exercise Price: $332.50	(6,862,128)	(208)	(221,000)
Eli Lilly & Co., Expiration: 10/17/2025; Exercise Price: $730.00	(1,373,400)	(18)	(76,005)
NASDAQ 100 Index, Expiration: 10/17/2025; Exercise Price: $23,350.00	(78,975,968)	(32)	(4,528,320)
Oracle Corp., Expiration: 10/17/2025; Exercise Price: $290.00	(1,771,812)	(63)	(61,740)
Robinhood Markets, Inc., Expiration: 01/16/2026; Exercise Price: $110.00	(3,149,960)	(220)	(906,950)
Spotify Technology SA, Expiration: 10/10/2025; Exercise Price: $692.50	(907,400)	(13)	(29,770)
T-Mobile US, Inc., Expiration: 10/03/2025; Exercise Price: $242.50	(2,345,924)	(98)	(9,800)
TOTAL WRITTEN OPTIONS (Premiums received $5,069,203)			$(6,111,580)

Percentages are stated as a percent of net assets.

(a)	100 shares per contract.

(b)	Exchange-traded.

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

TABLE OF CONTENTS

Amplify CWP International Enhanced Dividend Income ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 96.9%
Communication Services - 11.4%
America Movil SAB de CV - ADR	214,828	$4,511,388
NetEase, Inc. - ADR^(a)	76,751	11,665,385
Nintendo Co. Ltd. - ADR	312,362	6,665,805
Telefonica SA - ADR	518,993	2,636,484
Tencent Holdings Ltd. - ADR	117,994	10,047,189
Tencent Music Entertainment Group - ADR	372,664	8,697,978
Vodafone Group PLC - ADR	549,135	6,369,966
		50,594,195
Consumer Discretionary - 15.8%
Alibaba Group Holding Ltd. - ADR^(a)	134,406	24,022,384
Atour Lifestyle Holdings Ltd. - ADR	259,235	9,744,644
Coupang, Inc.^(a)(b)	147,567	4,751,657
Ferrari NV	10,301	4,998,251
Melco Resorts & Entertainment Ltd. - ADR^(b)	451,089	4,136,486
MercadoLibre, Inc.^(b)	1,586	3,706,387
Sea Ltd. - ADR^(a)(b)	46,720	8,350,266
Sony Group Corp. - ADR^(c)	366,915	10,563,483
		70,273,558
Consumer Staples - 4.0%
British American Tobacco PLC - ADR^(a)	175,224	9,300,890
Fomento Economico Mexicano SAB de CV - ADR	45,110	4,449,199
Philip Morris International, Inc.	25,137	4,077,222
		17,827,311
Energy - 8.9%
Cameco Corp.^(a)	109,518	9,184,180
Enbridge, Inc.	215,415	10,869,841
Eni SpA - ADR	146,084	5,105,636
Imperial Oil Ltd.^(c)	91,692	8,320,132
Petroleo Brasileiro SA - Petrobras - ADR	187,017	2,367,635
TotalEnergies SE - ADR	64,641	3,858,421
		39,705,845
Financials - 20.4%
Banco Bilbao Vizcaya Argentaria SA - ADR	479,089	9,222,463
Banco Santander SA - ADR	500,176	5,241,845
Bank of Montreal	16,805	2,188,851
Barclays PLC - ADR	666,132	13,768,949
Grupo Cibest SA - ADR	284,643	14,784,357
ICICI Bank Ltd. - ADR^(a)	363,553	10,990,207
Mitsubishi UFJ Financial Group, Inc. - ADR^(c)	1,066,591	17,001,461
Sony Financial Group, Inc. - ADR^(b)	72,616	80,604


	Shares	Value
Sumitomo Mitsui Financial Group, Inc. - ADR^(c)	786,865	$13,172,120
XP, Inc. - Class A	228,032	4,284,721
		90,735,578
Health Care - 5.2%
AstraZeneca PLC - ADR	104,642	8,028,135
Novartis AG - ADR	118,905	15,248,377
		23,276,512
Industrials - 7.5%
Airbus SE - ADR	80,194	4,668,895
Elbit Systems Ltd.	6,627	3,378,444
Embraer SA - ADR	200,033	12,091,995
Grupo Aeroportuario del Centro Norte SAB de CV - ADR	23,675	2,459,122
Siemens AG - ADR^(c)	80,576	10,878,566
		33,477,022
Information Technology - 9.1%
ASE Technology Holding Co. Ltd. - ADR	272,758	3,024,886
ASML Holding NV	10,064	9,742,858
SAP SE - ADR^(c)	39,470	10,546,778
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR^(a)	61,699	17,231,914
		40,546,436
Materials - 10.5%
Agnico Eagle Mines Ltd.^(a)	91,892	15,489,316
ArcelorMittal SA	91,992	3,325,511
Cemex SAB de CV - ADR	205,590	1,848,254
CRH PLC	38,027	4,559,437
Southern Copper Corp.	91,716	11,130,594
Wheaton Precious Metals Corp.^(a)	91,974	10,286,372
		46,639,484
Utilities - 4.1%
Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR	189,623	4,719,716
Enel SpA - ADR^(c)	425,249	4,022,856
Korea Electric Power Corp. - ADR	380,348	4,963,541
RWE AG - ADR^(c)	101,680	4,550,180
		18,256,293
TOTAL COMMON STOCKS (Cost $355,918,517)		431,332,234
AFFILIATED EXCHANGE TRADED FUNDS - 0.5%
Amplify Samsung SOFR ETF^(c)(d)	22,382	2,241,893
TOTAL AFFILIATED EXCHANGE TRADED FUNDS (Cost $2,243,880)		2,241,893

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

TABLE OF CONTENTS

Amplify CWP International Enhanced Dividend Income ETF

Schedule of Investments

September 30, 2025(Continued)


	Shares	Value
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 10.7%
First American Government Obligations Fund - Class X, 4.05%^(e)	47,539,824	$47,539,824
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $47,539,824)		47,539,824
MONEY MARKET FUNDS - 2.8%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(e)	12,317,619	12,317,619
TOTAL MONEY MARKET FUNDS (Cost $12,317,619)		12,317,619
TOTAL INVESTMENTS - 110.9% (Cost $418,019,840)		$493,431,570
Liabilities in Excess of Other Assets - (10.9)%		(48,440,384)
TOTAL NET ASSETS - 100.0%		$444,991,186

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

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

(b)	Non-income producing security.

(c)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $46,368,540.

(d)	Affiliated security as defined by the Investment Company Act of 1940.

(e)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY CWP INTERNATIONAL ENHANCED DIVIDEND INCOME ETF

SCHEDULE OF WRITTEN OPTIONS

September 30, 2025


	Notional Amount	Contracts	Value
WRITTEN OPTIONS - (0.2)%
Call Options - (0.2)%^(a)(b)
Agnico Eagle Mines Ltd.
Expiration: 10/03/2025; Exercise Price: $162.50	$(4,214,000)	(250)	$(166,250)
Expiration: 10/17/2025; Exercise Price: $175.00	(2,528,400)	(150)	(45,000)
Alibaba Group Holding Ltd.
Expiration: 10/17/2025; Exercise Price: $177.50	(4,468,250)	(250)	(203,125)
Expiration: 10/17/2025; Exercise Price: $185.00	(4,468,250)	(250)	(127,500)
British American Tobacco PLC, Expiration: 10/17/2025; Exercise Price: $50.00	(2,123,200)	(400)	(124,000)
Cameco Corp., Expiration: 10/17/2025; Exercise Price: $95.00	(2,096,500)	(250)	(16,375)
Coupang, Inc., Expiration: 10/17/2025; Exercise Price: $37.00	(1,288,000)	(400)	(8,400)
ICICI Bank Ltd.
Expiration: 10/17/2025; Exercise Price: $30.00	(2,116,100)	(700)	(50,750)
Expiration: 10/17/2025; Exercise Price: $32.00	(2,116,100)	(700)	(7,000)
NetEase, Inc., Expiration: 10/17/2025; Exercise Price: $175.00	(2,279,850)	(150)	(6,375)
Sea Ltd., Expiration: 10/17/2025; Exercise Price: $210.00	(1,787,300)	(100)	(2,700)
Taiwan Semiconductor Manufacturing Co. Ltd., Expiration: 10/17/2025; Exercise Price: $300.00	(3,351,480)	(120)	(42,000)
Wheaton Precious Metals Corp.
Expiration: 10/03/2025; Exercise Price: $112.00	(2,796,000)	(250)	(40,625)
Expiration: 10/17/2025; Exercise Price: $115.00	(1,677,600)	(150)	(34,500)
TOTAL WRITTEN OPTIONS (Premiums received $982,019)			$(874,600)

Percentages are stated as a percent of net assets.

(a)	100 shares per contract.

(b)	Exchange-traded.

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

TABLE OF CONTENTS

Amplify Cybersecurity ETF

Schedule of Investments

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.7%
Industrials - 10.4%
General Dynamics Corp.	360,839	$123,046,099
Northrop Grumman Corp.	195,631	119,201,881
		242,247,980
Information Technology - 89.3%^(a)
A10 Networks, Inc.^(b)	3,086,381	56,017,815
Broadcom, Inc.	643,145	212,179,967
Check Point Software Technologies, Ltd.^(c)	468,945	97,029,410
Cisco Systems, Inc.	2,084,153	142,597,748
Cloudflare, Inc. - Class A^(c)	518,862	111,342,597
Crowdstrike Holdings, Inc. - Class A^(c)	288,456	141,453,053
CyberArk Software, Ltd.^(b)(c)	212,321	102,582,891
F5, Inc.^(c)	277,781	89,776,041
Fastly, Inc. - Class A^(c)	7,235,649	61,864,799
Fortinet, Inc.^(c)	1,352,675	113,732,914
Gen Digital, Inc.	2,917,934	82,840,146
Okta, Inc.^(c)	914,982	83,903,849
Palo Alto Networks, Inc.^(c)	662,012	134,798,883
Qualys, Inc.^(c)	515,840	68,261,107
Radware, Ltd.^(c)	2,157,083	57,141,129
Rapid7, Inc.^(c)	2,681,246	50,273,363
Rubrik, Inc. - Class A^(c)	931,524	76,617,849
SentinelOne, Inc. - Class A^(c)	3,926,695	69,149,099
Tenable Holdings, Inc.^(c)	2,181,678	63,617,731
Trend Micro, Inc.	1,460,023	80,077,099
Varonis Systems, Inc.^(c)	1,267,222	72,827,248
Zscaler, Inc.^(c)	353,934	106,059,862
		2,074,144,600
TOTAL COMMON STOCKS (Cost $1,708,341,396)		2,316,392,580
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.3%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(d)	7,253,580	7,253,580
TOTAL MONEY MARKET FUNDS (Cost $7,253,580)		7,253,580


	Units	Value
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.2%
Mount Vernon Liquid Assets Portfolio, LLC, 4.27%^(d)	3,255,850	$3,255,850
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $3,255,850)		3,255,850
TOTAL INVESTMENTS - 100.2% (Cost $1,718,850,826)		$2,326,902,010
Liabilities in Excess of Other Assets - (0.2)%		(4,346,593)
TOTAL NET ASSETS - 100.0%		$2,322,555,417

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company

(a)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(b)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $3,187,740.

(c)	Non-income producing security.

(d)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY DIGITAL PAYMENTS ETF

SCHEDULE OF INVESTMENTS

September 30, 2025


	Shares	Value
COMMON STOCKS - 99.8%
Communication Services - 0.4%
Ibotta, Inc. - Class A^(a)	33,207	$924,815
Financials - 93.8%^(b)
Adyen NV^(a)(c)(d)	7,344	11,778,911
Affirm Holdings, Inc.^(a)	152,553	11,148,573
American Express Co.	52,417	17,410,831
Block, Inc.^(a)	158,431	11,449,808
Boku, Inc.^(a)(c)(d)	338,177	1,019,812
Coinbase Global, Inc. - Class A^(a)	37,818	12,763,197
Corpay, Inc.^(a)	37,805	10,890,108
Dlocal Ltd.	111,398	1,590,763
Euronet Worldwide, Inc.^(a)	53,151	4,667,189
EVERTEC, Inc.	48,558	1,640,289
Fidelity National Information Services, Inc.	169,547	11,179,929
Fiserv, Inc.^(a)	117,132	15,101,829
Flywire Corp.^(a)	146,625	1,985,303
Global Payments, Inc.	138,369	11,495,697
GMO Payment Gateway, Inc.	71,546	4,019,482
Green Dot Corp. - Class A^(a)	70,941	952,738
Kakaopay Corp.^(a)	42,713	1,637,831
Marqeta, Inc. - Class A^(a)	392,682	2,073,361
Mastercard, Inc. - Class A	27,527	15,657,633
Nanduq PLC - ADR^(a)(e)(f)	235,051	0
Nexi SpA^(c)(d)	1,050,302	5,943,476
Pagseguro Digital Ltd. - Class A	269,420	2,694,200
PayPal Holdings, Inc.^(a)	231,287	15,510,106
PayPoint PLC	78,938	798,094
Remitly Global, Inc.^(a)	241,248	3,932,342
Shift4 Payments, Inc. - Class A^(a)(f)	87,244	6,752,686
StoneCo Ltd. - Class A^(a)	334,137	6,318,531
Toast, Inc. - Class A^(a)	278,308	10,161,025
Visa, Inc. - Class A	46,484	15,868,708
Western Union Co.^(f)	408,513	3,264,019
WEX, Inc.^(a)	40,632	6,400,759
Wise PLC - Class A^(a)	841,904	11,730,892
Worldline SA^(a)(c)(d)(f)	237,628	767,839
Zip Co. Ltd.^(a)	1,938,882	5,679,691
		244,285,652
Information Technology - 5.6%
ACI Worldwide, Inc.^(a)	117,473	6,199,050
NCR Voyix Corp.^(a)	139,225	1,747,274
PAX Global Technology, Ltd.	914,000	675,480
Q2 Holdings, Inc.^(a)	79,970	5,789,028
		14,410,832
TOTAL COMMON STOCKS (Cost $279,720,237)		259,621,299


	Shares	Value
SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.4%
First American Government Obligations Fund - Class X, 4.05%^(g)	11,488,633	$11,488,633
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $11,488,633)		11,488,633
MONEY MARKET FUNDS - 0.3%
Invesco Government & Agency Portfolio - Institutional Class, 4.06%^(g)	840,139	840,139
TOTAL MONEY MARKET FUNDS (Cost $840,139)		840,139
TOTAL INVESTMENTS - 104.5% (Cost $292,049,009)		$271,950,071
Liabilities in Excess of Other Assets - (4.5)%		(11,587,570)
TOTAL NET ASSETS - 100.0%		$260,362,501

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

(a)	Non-income producing security.

(b)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(c)

Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of September 30, 2025, the value of these securities total $19,510,038 or 7.5% of the Fund’s net assets.

(d)	Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of September 30, 2025, the value of these securities total $19,510,038 or 7.5% of the Fund’s net assets.

(e)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of September 30, 2025.

(f)	All or a portion of this security is on loan as of September 30, 2025. The fair value of these securities was $10,085,345.

(g)	The rate shown represents the 7-day annualized yield as of September 30, 2025.

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

TABLE OF CONTENTS

AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF

SCHEDULE OF INVESTMENTS

September 30, 2025


	Shares	Value
COMMON STOCKS - 95.0%
Communication Services - 4.5%
Alphabet, Inc. - Class A	2,810	$683,111
Cable One, Inc.	1,634	289,300
Cargurus, Inc.^(a)	14,900	554,727
Cars.com, Inc.^(a)	38,514	470,641
Electronic Arts, Inc.	3,007	606,512
Eventbrite, Inc. - Class A^(a)	205,709	518,386
John Wiley & Sons, Inc. - Class A	9,825	397,618
Netflix, Inc.^(a)	477	571,885
New York Times Co. - Class A	8,950	513,730
Omnicom Group, Inc.	5,389	439,365
Paramount Skydance Corp.^(b)	36,272	686,266
Pinterest, Inc. - Class A^(a)	13,955	448,932
TEGNA, Inc.	23,869	485,257
T-Mobile US, Inc.	1,626	389,232
		7,054,962
Consumer Discretionary - 14.4%
Asbury Automotive Group, Inc.^(a)	1,979	483,767
Booking Holdings, Inc.	98	529,128
Boot Barn Holdings, Inc.^(a)	4,041	669,675
Burlington Stores, Inc.^(a)	1,822	463,699
Carter’s, Inc.	10,673	301,192
Cheesecake Factory, Inc.	8,953	489,192
Chipotle Mexican Grill, Inc.^(a)	8,645	338,798
Columbia Sportswear Co.	5,754	300,934
Crocs, Inc.^(a)	4,088	341,552
Deckers Outdoor Corp.^(a)	3,882	393,518
Dorman Products, Inc.^(a)	3,602	561,480
Etsy, Inc.^(a)	9,201	610,854
Five Below, Inc.^(a)	5,794	896,332
Floor & Decor Holdings, Inc. - Class A^(a)	5,394	397,538
Frontdoor, Inc.^(a)	11,299	760,310
Gentherm, Inc.^(a)	16,175	550,920
G-III Apparel Group Ltd.^(a)	15,872	422,354
H&R Block, Inc.	7,914	400,211
Haverty Furniture Cos., Inc.	22,615	495,947
Helen of Troy Ltd.^(a)	8,086	203,767
Home Depot, Inc.	1,198	485,418
Installed Building Products, Inc.	2,528	623,556
iRobot Corp.^(a)	160,195	575,100
Kontoor Brands, Inc.	6,782	541,000
La-Z-Boy, Inc.	11,108	381,227
LCI Industries	5,099	474,972
Levi Strauss & Co. - Class A	28,323	659,926
Lithia Motors, Inc.	1,493	471,788
Meritage Homes Corp.	6,291	455,657
Modine Manufacturing Co.^(a)	5,694	809,459
Movado Group, Inc.	26,758	507,599
O’Reilly Automotive, Inc.^(a)	4,530	488,379
Planet Fitness, Inc. - Class A^(a)	4,478	464,816
Pool Corp.	1,380	427,897


	Shares	Value
Ralph Lauren Corp.	1,964	$615,832
RH^(a)	1,847	375,237
Rivian Automotive, Inc. - Class A^(a)	34,741	509,998
Ross Stores, Inc.	3,392	516,907
Steven Madden Ltd.	16,333	546,829
TJX Cos., Inc.	3,561	514,707
Visteon Corp.	5,638	675,771
Wayfair, Inc. - Class A^(a)	13,643	1,218,729
YETI Holdings, Inc.^(a)	13,069	433,629
		22,385,601
Consumer Staples - 3.4%
elf Beauty, Inc.^(a)	6,913	915,834
Estee Lauder Cos., Inc. - Class A	6,601	581,680
Hain Celestial Group, Inc.^(a)	104,223	164,672
Marzetti Co.	2,483	429,038
Performance Food Group Co.^(a)	5,502	572,428
PriceSmart, Inc.	4,925	596,861
Sprouts Farmers Market, Inc.^(a)	2,836	308,557
SunOpta, Inc.^(a)	88,997	521,522
TreeHouse Foods, Inc.^(a)	15,969	322,734
USANA Health Sciences, Inc.^(a)	16,038	441,847
Walmart, Inc.	4,937	508,807
		5,363,980
Financials - 13.7%
Ally Financial, Inc.	11,979	469,577
Amerant Bancorp, Inc.	21,311	410,663
American Express Co.	1,617	537,103
Arthur J Gallagher & Co.	1,247	386,246
Associated Banc-Corp.	19,402	498,825
Bank of Hawaii Corp.	6,340	416,158
Bank OZK	10,198	519,894
BankUnited, Inc.	12,770	487,303
Banner Corp.	6,845	448,348
BOK Financial Corp.	4,185	466,376
Brown & Brown, Inc.	3,493	327,608
Camden National Corp.	10,885	420,052
Cass Information Systems, Inc.	10,089	396,800
Cohen & Steers, Inc.	5,439	356,853
Columbia Banking System, Inc.	17,946	461,930
Comerica, Inc.	7,414	508,007
Commerce Bancshares, Inc.	6,998	418,200
Essent Group Ltd.	7,561	480,577
First Busey Corp.	20,420	472,723
First Citizens BancShares, Inc. - Class A	236	422,242
First Financial Bancorp	17,498	441,825
First Financial Bankshares, Inc.	12,130	408,175
First Horizon Corp.	22,471	508,069
Global Payments, Inc.	4,444	369,208
Hamilton Lane, Inc. - Class A	2,919	393,452
Hancock Whitney Corp.	8,296	519,413
Huntington Bancshares, Inc.	29,017	501,124
Jack Henry & Associates, Inc.	2,375	353,709

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

TABLE OF CONTENTS

AMPLIFY ETHO CLIMATE LEADERSHIP U.S. ETF

SCHEDULE OF INVESTMENTS

September 30, 2025(Continued)


	Shares	Value
COMMON STOCKS - (Continued)
Financials - (Continued)
LPL Financial Holdings, Inc.	1,318	$438,485
M&T Bank Corp.	2,491	492,271
Mastercard, Inc. - Class A	799	454,479
MGIC Investment Corp.	17,991	510,405
NMI Holdings, Inc. - Class A^(a)	12,337	473,001
OneMain Holdings, Inc.	9,191	518,924
PayPal Holdings, Inc.^(a)	6,630	444,608
Piper Sandler Cos.	1,752	607,926
Primerica, Inc.	1,525	423,325
Prosperity Bancshares, Inc.	6,097	404,536
Selective Insurance Group, Inc.	4,742	384,434
Southside Bancshares, Inc.	15,350	433,638
Visa, Inc. - Class A	1,251	427,066
W R Berkley Corp.	6,115	468,531
WaFd, Inc.	15,486	469,071
Webster Financial Corp.	8,569	509,341
Wintrust Financial Corp.	3,860	511,218
WSFS Financial Corp.	8,359	450,801
Zions Bancorp NA	8,869	501,808
		21,324,328
Health Care - 12.7%
Agios Pharmaceuticals, Inc.^(a)	14,914	598,648
Alnylam Pharmaceuticals, Inc.^(a)	1,618	737,808
Amgen, Inc.