Exchange Traded Concepts Trust (NUKZ) NPORT-P Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (May 2023 report)

Vesper U.S. Large Cap Short-Term Reversal Strategy ETF

Schedule of Investments

May 31, 2023 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK†† — 99.8%
Consumer Discretionary — 8.0%
Darden Restaurants		15,469	$	2,452,146
Lennar, Cl A		22,872		2,450,049
				4,902,195
Consumer Staples — 31.9%
Altria Group		55,288		2,455,893
Coca-Cola		40,743		2,430,727
General Mills		29,187		2,456,378
J M Smucker		16,790		2,461,246
Keurig Dr Pepper		78,764		2,451,136
Kraft Heinz		64,441		2,462,935
Philip Morris International		27,240		2,451,872
Procter & Gamble		17,060		2,431,050
				19,601,237
Financials — 16.0%
Arthur J Gallagher		12,171		2,438,216
Berkshire Hathaway, Cl B*		7,640		2,453,051
Marsh & McLennan		14,160		2,452,229
PNC Financial Services Group		21,153		2,450,152
				9,793,648
Health Care — 20.0%
AmerisourceBergen, Cl A		14,428		2,454,924
Elevance Health		5,473		2,450,919
Humana		4,887		2,452,639
Stryker		8,939		2,463,410
Zimmer Biomet Holdings		19,342		2,463,010
				12,284,902
Industrials — 11.9%
Raytheon Technologies		26,540		2,445,396
Rollins		61,927		2,434,970
Trane Technologies PLC		14,980		2,445,185
				7,325,551
Utilities — 12.0%
Ameren		30,163		2,445,315
Consolidated Edison		26,267		2,450,711
DTE Energy		22,764		2,449,406
				7,345,432
Total Common Stock
(Cost $61,462,964)				61,252,965
Total Investments - 99.8%
(Cost $61,462,964)			$	61,252,965

Percentages are based on net assets of $61,374,271.

††	More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
*	Non-income producing security.

Cl — Class

VES-QH-001-1000