Amplify Lithium & Battery Technology ETF (BATT) Exchange: NYSE ARCA

The Fund is an actively managed ETF that seeks to provide investment exposure to companies principally engaged in the mining, exploration, production, development, processing or recycling of the metals and materials being utilized in advanced battery technologies ("Advanced Battery Materials"), currently Lithium, Cobalt, Nickel, Manganese and Graphite. Pursuant to this strategy, the Fund invest at least 80% of its net assets (including investment borrowings) in the securities of companies who (i) derive 50% or more of their revenue from the mining, exploration, production, development, processing or recycling of Advanced Battery Materials; or (ii) are in the top five and have at least 10% of global market share of any Advanced Battery Material, with Advanced Battery Materials as a primary source of revenue or net income for such company. The Fund's investment sub-advisers, Toroso Investment, LLC ("Toroso") and CSAT Investment Advisory, L.P., d/b/a Exponential ETFs ("Exponential," and with Toroso, the "Sub-Advisers"), identify companies complying with these standards based upon data and information available in a company's public regulatory filings, third-party research and other publicly available information. Toroso manages the investment strategy and portfolio selection. Exponential constructs and implements Toroso's trade decisions.   In addition to meeting the standards set forth above, in order to be eligible for inclusion in the Fund a company's securities must comply with the following liquidity standards:   ·A security must be listed and traded on a regulated stock exchange in the form of shares tradeable for non-U.S. investors without restrictions;   ·A security must have a market capitalization of at least $75,000,000; and   ·A security must have a minimum market capitalization value of at least $100 million over the previous six months.   To determine portfolio weightings, the Sub-Adviser sorts eligible securities into one of four groups generally based upon the Advanced Battery Material to which they have the most exposure. Companies with a predominant exposure to Lithium, Cobalt and Nickel, respectively, are each separated into their own group. The final group is composed of companies with a predominant exposure to Manganese or Graphite, as well as companies engaged in the recycling of Advanced Battery Materials. The securities within each group are initially equally weighted. The portfolio weight assigned to each group is determined based upon a model developed by the Sub-Adviser which incorporates information related to the current balance between supply and demand for each Advanced Battery Material, forecasted demand growth, commodity price outlook, likelihood of new supply discovery and regulatory and geo-political risk. The model adjusts these group weights on an annual basis.   While securities within a group are initially equally weighted, the Sub-Adviser may adjust individual security weights within the group. Factors that may cause the Sub-Adviser to tactically adjust the security weights include (i) the financial fundamentals of a company; (ii) the inventory and reserves of an Advanced Battery Material relative to its price; (iii) a company's Environmental, Social and Governance (ESG) score; and (iv) the discovery of new reserves or other causes of increased or new Advanced Battery Material production.   The Sub-Adviser expects that, under normal market conditions, the Fund's portfolio will consist of between 35 and 55 securities. These securities may be issued by small, medium and large capitalization companies operating in both emerging and developed market countries. The Fund may purchase equity securities that trade on U.S. or non-U.S. securities exchanges and in the securities of non-U.S. companies that utilize American Depositary Receipts or Global Depositary Receipts to list on certain exchanges. To the extent that the security of a non-U.S. issuer is available as an American Depositary Receipt, the Fund will purchase the American Depositary Receipt, provided that the American Depositary Receipt's liquidity is comparable to that of the issuer's equity security. The Fund may invest up to 20% of its net assets in derivative instruments for the purposes of obtaining equity exposure underlying its investment strategy. The Fund currently anticipates that any such derivatives exposure would be obtained primarily through swap arrangements on such equity securities.   Concentration Policy. The Fund will concentrate (i.e., invest more than 25% of the value of its total assets) in the securities of companies comprising the metals and mining industry. As of January 1, 2020, the Fund has exposure to Australian companies.