Exchange Traded Concepts Trust (NUKZ) NPORT-P FMQQ The Next Frontier Internet ETF (Nov 2024 report)

EMQQ

The Emerging Markets Internet ETF

Schedule of Investments

November 30, 2024 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK†† — 100.3%
Argentina — 0.1%
Consumer Discretionary — 0.1%
Despegar.com(A)*		26,612	$	476,089
Brazil — 14.5%
Consumer Discretionary — 8.5%
Magazine Luiza*		167,020		247,566
MercadoLibre*		15,776		31,318,042
				31,565,608
Financials — 6.0%
Inter		115,505		531,227
NU Holdings, Cl A*		1,434,640		17,976,039
Pagseguro Digital, Cl A*		97,372		714,710
StoneCo, Cl A*		123,750		1,173,150
XP, Cl A		170,221		2,304,792
				22,699,918
				54,265,526
China — 41.2%
Communication Services — 13.6%
Baidu, Cl A*		619,254		6,469,836
Bilibili, Cl Z*		75,856		1,452,480
China Literature*		105,600		384,047
China Ruyi Holdings*		1,624,799		428,043
Hello Group ADR		38,791		261,063
iQIYI ADR*		124,593		269,121
Kanzhun ADR		89,592		1,209,492
Kingsoft		244,400		986,200
Kuaishou Technology, Cl B*		709,300		4,393,503
Meitu		736,500		274,476
NetEase		480,180		8,293,488
Tencent Holdings		471,492		24,115,223
Tencent Music Entertainment Group ADR		231,869		2,645,625
				51,182,597
Consumer Discretionary — 24.8%
Alibaba Group Holding		2,263,698		24,334,270
JD.com, Cl A		682,894		12,619,614
Meituan, Cl B*		1,404,179		30,441,878
PDD Holdings ADR*		144,668		13,969,142
Tongcheng Travel Holdings		322,400		786,367
Trip.com Group*		151,261		9,884,434
Vipshop Holdings ADR		90,832		1,254,390
				93,290,095

Description	Shares		Fair Value
China — continued
Consumer Staples — 0.5%
Alibaba Health Information Technology*	1,356,000	$	636,043
JD Health International*	276,350		1,006,808
			1,642,851
Financials — 0.5%
Qifu Technology ADR	40,121		1,529,011
ZhongAn Online P&C Insurance, Cl H*	228,000		369,181
			1,898,192
Industrials — 0.6%
Full Truck Alliance ADR	227,416		2,276,434
Information Technology — 0.2%
Kingdee International Software Group*	779,000		876,951
Real Estate — 1.0%
KE Holdings, Cl A(A)	560,842		3,589,250
Phoenix Tree Holdings ADR(A)(B)*	179,833		—
			3,589,250
			154,756,370
Hong Kong — 0.5%
Financials — 0.5%
Futu Holdings ADR*	23,351		2,036,908
India — 17.2%
Communication Services — 0.8%
Info Edge India	33,201		3,243,744
Consumer Discretionary — 4.0%
FSN E-Commerce Ventures*	506,906		1,032,214
Jubilant Foodworks	178,918		1,364,813
MakeMyTrip*	29,843		3,424,186
Zomato*	2,744,736		9,087,591
			14,908,804
Energy — 6.5%
Reliance Industries	1,592,510		24,354,234
Financials — 5.9%
Angel One	18,122		621,344
Bajaj Finance	130,153		10,129,126

EMQQ

The Emerging Markets Internet ETF

Schedule of Investments

November 30, 2024 (Unaudited) (Continued)

Description	Shares		Fair Value
India — continued
Financials — continued
Indian Energy Exchange	357,473	$	745,396
Jio Financial Services*	1,545,485		6,005,710
One 97 Communications*	137,637		1,468,872
PB Fintech*	141,960		3,181,893
			22,152,341
			64,659,123
Indonesia — 0.5%
Consumer Discretionary — 0.5%
GoTo Gojek Tokopedia, Cl A*	397,803,500		1,782,521
Japan — 0.7%
Communication Services — 0.7%
Nexon	193,100		2,646,711
Kazakhstan — 2.6%
Financials — 2.6%
Kaspi.KZ JSC ADR	93,087		9,904,457
Poland — 1.2%
Communication Services — 0.4%
CD Projekt(A)	31,012		1,275,778
Consumer Discretionary — 0.8%
Allegro.eu*	274,886		1,945,814
CCC*	24,741		1,264,945
			3,210,759
			4,486,537
Russia — 0.0%
Communication Services — 0.0%
VK GDR(B)*	117,354		1,173
Singapore — 9.0%
Communication Services — 7.6%
Sea ADR*	248,927		28,327,893
Industrials — 1.4%
Grab Holdings, Cl A*	1,058,281		5,291,405
			33,619,298
South Africa — 3.1%
Communication Services — 0.2%
MultiChoice Group*	137,689		817,883

Description	Shares		Fair Value
South Africa — continued
Consumer Discretionary — 2.9%
Naspers, Cl N	47,775	$	10,759,045
			11,576,928
South Korea — 9.2%
Communication Services — 4.1%
Kakao	143,572		4,126,904
NAVER	66,768		9,883,224
NCSoft	8,200		1,396,007
			15,406,135
Consumer Discretionary — 4.7%
Coupang, Cl A*	551,390		13,983,250
Delivery Hero, Cl A*	90,587		3,706,567
			17,689,817
Financials — 0.4%
KakaoBank	100,897		1,616,464
			34,712,416
Taiwan — 0.2%
Consumer Discretionary — 0.2%
momo.com	54,506		609,948
United States — 0.3%
Information Technology — 0.3%
Freshworks, Cl A*	78,889		1,261,435
Total Common Stock
(Cost $336,237,953)			376,795,440
SHORT-TERM INVESTMENT — 0.8%
Invesco Government & Agency Portfolio, Institutional Class, 4.57%(C)(D)	2,860,365		2,860,365
Total Short-Term Investment
(Cost $2,860,365)			2,860,365
Total Investments - 101.1%
(Cost $339,098,318)		$	379,655,805

Percentages are based on net assets of $375,611,020.

EMQQ

The Emerging Markets Internet ETF

Schedule of Investments

November 30, 2024 (Unaudited) (Concluded)

††	Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.
*	Non-income producing security.
(A)	This security or a partial position of this security is on loan at November 30, 2024.  The total value of securities on loan at November 30, 2024 was $2,785,141.
(B)	Security is fair valued.
(C)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of November 30, 2024 was $2,860,365.
(D)	The rate shown is the 7-day effective yield as of November 30, 2024.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint-Stock Company

FMQQ

The Next Frontier Internet ETF

Schedule of Investments

November 30, 2024 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK†† — 99.9%
Argentina — 0.6%
Consumer Discretionary — 0.6%
Despegar.com*		10,144	$	181,476
Brazil — 20.5%
Consumer Discretionary — 8.0%
Magazine Luiza*		63,607		94,282
MercadoLibre*		1,149		2,280,960
				2,375,242
Financials — 12.5%
Inter		44,028		202,492
NU Holdings, Cl A*		155,737		1,951,385
Pagseguro Digital, Cl A*		37,118		272,446
StoneCo, Cl A*		47,170		447,172
XP, Cl A		62,634		848,064
				3,721,559
				6,096,801
India — 39.4%
Communication Services — 4.1%
Info Edge India		12,640		1,234,931
Consumer Discretionary — 13.6%
FSN E-Commerce Ventures*		193,223		393,461
Jubilant Foodworks		68,089		519,393
MakeMyTrip*		11,375		1,305,168
Zomato*		554,164		1,834,790
				4,052,812
Energy — 6.3%
Reliance Industries		123,388		1,886,971
Financials — 15.4%
Angel One		6,910		236,921
Bajaj Finance		14,824		1,153,674
Indian Energy Exchange		136,263		284,133
Jio Financial Services*		288,307		1,120,353
One 97 Communications*		52,127		556,303

Description	Shares		Fair Value
India — continued
Financials — continued
PB Fintech*	54,115	$	1,212,934
			4,564,318
			11,739,032
Indonesia — 2.3%
Consumer Discretionary — 2.3%
GoTo Gojek Tokopedia, Cl A*	151,636,600		679,470
Japan — 1.0%
Communication Services — 1.0%
Nexon	21,200		290,576
Kazakhstan — 4.1%
Financials — 4.1%
Kaspi.KZ JSC ADR	11,503		1,223,919
Poland — 5.7%
Communication Services — 1.6%
CD Projekt	11,822		486,336
Consumer Discretionary — 4.1%
Allegro.eu*	104,783		741,719
CCC*	9,431		482,183
			1,223,902
			1,710,238
Russia — 0.0%
Communication Services — 0.0%
VK GDR(A)*	7,810		78
Singapore — 15.1%
Communication Services — 9.7%
Sea ADR*	25,444		2,895,527
Industrials — 5.4%
Grab Holdings, Cl A*	324,082		1,620,410
			4,515,937
South Africa — 1.0%
Communication Services — 1.0%
MultiChoice Group*	52,483		311,753

FMQQ

The Next Frontier Internet ETF

Schedule of Investments

November 30, 2024 (Unaudited) (Concluded)

Description	Shares		Fair Value
South Korea — 8.6%
Communication Services — 4.1%
Kakao	15,750	$	452,726
NAVER	4,139		612,669
NCSoft	900		153,220
			1,218,615
Consumer Discretionary — 3.9%
Coupang, Cl A*	29,834		756,590
Delivery Hero, Cl A*	9,938		406,635
			1,163,225
Financials — 0.6%
KakaoBank	11,068		177,320
			2,559,160
United States — 1.6%
Information Technology — 1.6%
Freshworks, Cl A*	30,072		480,851
Total Common Stock
(Cost $23,749,881)			29,789,291
Total Investments - 99.9%
(Cost $23,749,881)		$	29,789,291

Percentages are based on net assets of $29,818,870.

††	Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.
*	Non-income producing security.
(A)	Security is fair valued.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint-Stock Company

EMQ-QH-001-2000