ETF Research Center

BATT is a professionally managed ETF that seeks to provide exposure to Lithium, Cobalt, Nickel, Manganese and Graphite via publicly-traded stocks. Companies in the portfolio are principally engaged in the business of mining, exploration, production, devel

FUND BASICS
Category	global Equities
Fund Sponsor	Amplify
Website	www.amplifyetfs.com
Inception date	Jun 06, 2018
Assets (mns)	$5
Currency	USD
Expense ratio	72 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	41
Wgt avg mkt cap (mns)	$7,981
Large cap (>$10bn)	15.0%
Mid cap ($2-10bn)	39.9%
Small cap (<$2bn)	45.2%
Developed mkts	73.9%
Emerging mkts	26.1%

TOP TEN HOLDINGS
Total	32.3 %
PUBLIC JOINT STOCK COMPANY MINING	4.0 %
WESTERN AREAS NL	3.8 %
LIVENT CORPORATION	3.5 %
INTERNATIONAL NICKEL INDONES	3.4 %
PILBARA MINERALS LIMITED	3.2 %
TIANQI LITHIUM INDUSTRIES, INC. CL	3.0 %
INDEPENDENCE GROUP NL	3.0 %
FIRST QUANTUM MINERALS LTD	3.0 %
LUNDIN MINING CORP	2.8 %
PANORAMIC RESOURCES LTD	2.6 %

TOP COUNTRY EXPOSURE
	AUSTRALIA	26.2 %
	CANADA	11.2 %
	CHINA	9.8 %
	UNITED STATES	8.2 %
	INDONESIA	4.7 %
	RUSSIA	4.0 %
	BRITAIN	2.6 %
	HONG KONG	2.6 %
	JAPAN	2.4 %
	BELGIUM	2.3 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru October 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-8.8%	-17.3%	--	--	-31.1%

Market Correlations
versus...	Beta	R-squared
S&P500	1.06	55%
MSCI EAFE	1.48	76%
MSCI Emg. Mkts.	1.20	70%

Technical Indicators
Recent close	$10.68
30d moving avg.	$10.66
Annualized volatility	23.5%
Short interest (ETF)	0.3%
Relative strength (RSI)	53

Liquidity measures
Avg. volume (thou.)	1
Turnover	0.2%
Bid/Ask (% of price)	0.39%
ADV underlying (mns)	$930

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Amplify Advanced Battery Metals & Materials ETF based on the alternatives' overlap in portfolio holdings with BATT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

BATT

Expense:

72 bp

ALTAR Score™:

4.1%

ALTERNATIVE ETFs BASED ON OVERLAP WITH BATT
Ticker	Fund Name	Overlap¹ vs BATT (%)	Expense ratio (bp)	Savings vs BATT (bp)	ALTAR Score™ (%)	ALTAR vs BATT (%)
REMX	VanEck Vectors Rare Earth/Strategic Metals	19.9	59	13	3.0	-1.2
LIT	Global X Lithium & Battery Tech ETF	14.5	75	-3	5.2	+1.0
COPX	Global X Copper Miners	13.0	65	7	6.2	+2.1
PICK	iShares MSCI Global Select Metals & Mining	9.6	39	33	7.5	+3.3
PBW	Invesco WilderHill Clean Energy	7.5	70	2	-1.8	-6.0
GNR	SPDR S&P Global Nat. Resources	6.0	40	32	6.5	+2.4
MXI	iShares S&P Global Materials	5.4	46	26	6.8	+2.7
AFK	VanEck Vectors Africa	5.3	78	-6	7.4	+3.3
GUNR	Flexshares Global Upstream Natural Resources	5.1	46	26	5.7	+1.6
ICOW	Pacer Developed Markets Int'l Cash Cows 100	5.1	65	7	9.5	+5.3
SDG	iShares MSCI Global Impact	5.0	49	23	6.2	+2.1
NANR	SPDR S&P N. American Nat. Resources	4.8	35	37	4.1	-0.0
RTM	Invesco S&P Equal Weight Materials	4.7	40	32	8.4	+4.3
DRIV	Global X Autonomous & Electric Vehicles	4.6	68	4	7.5	+3.4
CHIM	Global X MSCI China Materials	4.4	65	7	10.2	+6.1
KARS	KraneShares Electric Vehicles & Future Mobility Index	4.3	70	2	6.7	+2.6
FCAN	First Trust Canada	4.2	80	-8	5.1	+0.9
GCOW	Pacer Global Cash Cows Dividend	4.1	60	12	9.8	+5.7
FXZ	First Trust Materials Alphadex	4.1	64	8	8.0	+3.9
QCLN	First Trust NASDAQ Clean Edge Green Energy	4.0	60	12	1.5	-2.7

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2018	2019E	2020E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Amplify Advanced Battery Metals & Materials
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	0.3	%
Divided by: Fwd. P/BV	0.1	x
Less: Expense ratio	72	bp
Equals: ALTAR Score	4.1	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.61	CATEGORY AVERAGE	1.54

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.