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)	$6
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	39
Wgt avg mkt cap (mns)	$9,257
Large cap (>$10bn)	13.2%
Mid cap ($2-10bn)	44.6%
Small cap (<$2bn)	42.3%
Developed mkts	70.5%
Emerging mkts	29.5%

TOP TEN HOLDINGS
Total	39.7 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL	5.0 %
LIVENT CORPORATION	4.9 %
CHINA MOLYBDENUM CO LTD-H	4.8 %
LITHIUM AMERICAS CORP.	4.5 %
TIANQI LITHIUM INDUSTRIES, INC. CL	3.8 %
JIANGXI GANFENG LITHIUM CO., LTD.	3.7 %
GLENCORE INTERNATIONAL PLC	3.5 %
JINCHUAN GROUP INTERNATIONAL RESOU	3.4 %
SUMITOMO METAL MINING CO LTD	3.3 %
OROCOBRE LTD	3.1 %

TOP COUNTRY EXPOSURE
	AUSTRALIA	23.7 %
	CHINA	17.2 %
	CANADA	12.9 %
	UNITED STATES	7.8 %
	INDONESIA	3.6 %
	SWITZERLAND	3.5 %
	HONG KONG	3.4 %
	JAPAN	3.3 %
	RUSSIA	2.9 %
	BELGIUM	2.6 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru January 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-5.0%	-15.6%	--	--	-26.2%

Market Correlations
versus...	Beta	R-squared
S&P500	1.10	52%
MSCI EAFE	1.54	74%
MSCI Emg. Mkts.	1.20	72%

Technical Indicators
Recent close	$11.14
30d moving avg.	$11.18
Annualized volatility	23.5%
Short interest (ETF)	0.2%
Relative strength (RSI)	50

Liquidity measures
Avg. volume (thou.)	10
Turnover	2.0%
Bid/Ask (% of price)	0.34%
ADV underlying (mns)	$1,463

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Amplify Advanced Battery Metals & Materials ETF 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™:

1.0%

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	22.8	59	13	3.6	+2.7
LIT	Global X Lithium & Battery Tech ETF	15.6	75	-3	3.4	+2.5
COPX	Global X Copper Miners	12.3	65	7	7.5	+6.5
CHIM	Global X MSCI China Materials	8.5	65	7	10.0	+9.1
PICK	iShares MSCI Global Select Metals & Mining	8.4	39	33	8.2	+7.2
PBW	Invesco WilderHill Clean Energy	7.8	70	2	-0.7	-1.6
GNR	SPDR S&P Global Nat. Resources	5.4	40	32	6.8	+5.9
AFK	VanEck Vectors Africa	5.3	78	-6	6.7	+5.7
QCLN	First Trust NASDAQ Clean Edge Green Energy	4.6	60	12	1.2	+0.2
PSCM	Invesco S&P Small Cap Materials	4.5	29	43	9.2	+8.3
ICOW	Pacer Developed Markets Int'l Cash Cows 100	4.5	65	7	10.3	+9.3
MXI	iShares S&P Global Materials	4.5	46	26	6.5	+5.6
KARS	KraneShares Electric Vehicles & Future Mobility Index	4.3	70	2	5.0	+4.1
GUNR	Flexshares Global Upstream Natural Resources	4.2	46	26	6.1	+5.1
EKAR	Innovation Shares NextGen Vehicles & Technology	4.1	65	7	6.3	+5.3
DRIV	Global X Autonomous & Electric Vehicles	4.0	68	4	6.5	+5.6
GCOW	Pacer Global Cash Cows Dividend	4.0	60	12	9.7	+8.7
SDG	iShares MSCI Global Impact	3.4	49	23	4.9	+3.9
DEM	WisdomTree Emerg Mkts High Yield Equity	3.1	63	9	12.5	+11.5
RTM	Invesco S&P Equal Weight Materials	2.9	40	32	7.6	+6.6

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

	2015	2016	2017	2018	2019	2020E	2021E
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

	2019	2020E	2021E
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 ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	3.5	%
Divided by: Fwd. P/BV	2.1	x
Less: Expense ratio	72	bp
Equals: ALTAR Score	1.0	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.63	CATEGORY AVERAGE	1.55

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.