Fund Description: Amplify Advanced Battery Metals and Materials ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the XXXXX, an open-end investment management company. INVESTMENT OBJECTIVE: The Amplify Advanced Battery Metals and Materials ETF seeks to provide investors with total return. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specified index. FUND STRATEGY: The Fund 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 will 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 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 will 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. The Sub-Adviser expects that 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 (ADRs) or Global Depositary Receipts (GDRs) to list on certain exchanges. 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. FUND MANAGEMENT: Amplify Investments LLC serves as the Investment Adviser to the Fund. Toroso Investments, LLC and CSAT Investment Advisory, L.P. d/b/a Exponential ETFs serve as the Sub-Advisers to the Fund.