ETFMG Prime Junior Silver Miners ETF | |||||
Schedule of Investments | |||||
June 30, 2021 (Unaudited) | |||||
Shares | Value | ||||
COMMON STOCKS - 99.3% | |||||
Canada - 80.4% | |||||
Commercial Services & Supplies - 1.1% | |||||
Alexco Resource Corp. (a) | 4,356,987 | $ | 10,892,468 | ||
Metals & Mining - 79.3% (c) | |||||
Americas Gold & Silver Corp. (a) | 4,093,697 | 6,142,527 | |||
Aya Gold & Silver, Inc. (a) | 3,238,488 | 23,982,994 | |||
Bear Creek Mining Corp. (a) | 3,739,846 | 4,887,504 | |||
Canada Silver Cobalt Works, Inc. (a) | 1,328,277 | 428,615 | |||
Capstone Mining Corp. (a) | 4,291,497 | 18,625,568 | |||
Discovery Silver NPV (a) | 9,723,428 | 16,629,290 | |||
Dundee Precious Metals, Inc. | 1,849,303 | 11,203,828 | |||
Eldorado Gold Corp. (a) | 1,859,931 | 18,470,273 | |||
Endeavour Silver Corp. (a) | 5,115,576 | 31,307,325 | |||
Excellon Resources, Inc. (a) | 981,470 | 2,153,597 | |||
First Majestic Silver Corp. | 7,858,402 | 124,241,336 | |||
Fortuna Silver Mines, Inc. (a) | 1,916,264 | 10,681,982 | |||
Gran Colombia Gold Corp. | 623,392 | 2,564,778 | |||
Great Panther Mining, Ltd. (a) | 3,554,329 | 2,221,100 | |||
Hudbay Minerals, Inc. | 2,745,709 | 18,273,717 | |||
Kootenay Silver, Inc. (a)(e) | 9,559,683 | 2,005,096 | |||
Liberty Gold Corp. (a) | 2,666,755 | 3,226,954 | |||
MAG Silver Corp. (a)(e) | 4,407,277 | 92,156,034 | |||
Mandalay Resources Corp. (a) | 922,322 | 2,291,668 | |||
Metalla Royalty & Streaming, Ltd. (a) | 425,324 | 3,654,163 | |||
Minaurum Gold, Inc. (a) | 3,495,479 | 1,127,938 | |||
Minco Silver Corp. (a) | 1,890,736 | 762,640 | |||
Mirasol Resources, Ltd. (a) | 545,767 | 242,152 | |||
New Gold, Inc. (a)(e) | 7,045,613 | 12,674,828 | |||
New Pacific Metals Corp. (a) | 1,570,905 | 7,552,915 | |||
Orla Mining, Ltd. (a) | 2,425,316 | 10,017,439 | |||
Pan American Silver Corp. | 3,631,582 | 103,709,263 | |||
Sabina Gold & Silver Corp. (a) | 3,664,615 | 5,173,505 | |||
Seabridge Gold, Inc. (a) | 780,780 | 13,680,656 | |||
Sierra Metals, Inc. (a) | 1,770,442 | 5,355,887 | |||
Silvercorp Metals, Inc. | 5,362,350 | 29,415,925 | |||
SilverCrest Metals, Inc. (a) | 4,477,582 | 39,227,606 | |||
Sombrero Resources, Inc. (a)(b) | 585,867 | 125,988 | |||
SSR Mining, Inc. | 2,267,323 | 35,410,917 | |||
Trevali Mining Corp. (a)(e) | 9,996,432 | 1,733,812 | |||
Turquoise Hill Resources, Ltd. (a) | 2,053,340 | 34,636,447 | |||
Yamana Gold, Inc. | 14,486,948 | 61,134,921 | |||
Total Metals & Mining | 757,131,188 | ||||
Total Canada | 768,023,656 | ||||
Luxembourg - 1.3% | |||||
Metals & Mining - 1.3% (c) | |||||
Nexa Resources SA | 1,408,927 | 12,356,290 | |||
Peru - 2.4% | |||||
Metals & Mining - 2.4% (c) | |||||
Cia de Minas Buenaventura SAA - ADR (a) | 2,493,946 | 22,570,211 | |||
South Africa - 2.4% | |||||
Metals & Mining - 2.4% (c) | |||||
Harmony Gold Mining Co., Ltd. - ADR | 6,190,265 | 23,089,688 | |||
United Kingdom - 1.2% | |||||
Metals & Mining - 1.2% (c) | |||||
Hochschild Mining PLC | 5,379,062 | 11,414,258 | |||
United States - 11.6% | |||||
Metals & Mining - 11.6% (c) | |||||
Coeur Mining, Inc. (a) | 2,619,947 | 23,265,129 | |||
Gatos Silver, Inc. (a) | 1,876,724 | 32,823,903 | |||
Gold Resource Corp. | 762,899 | 1,968,279 | |||
Golden Minerals Co. (a) | 3,510,722 | 2,156,637 | |||
Hecla Mining Co. | 5,911,859 | 43,984,231 | |||
McEwen Mining, Inc. (a) | 4,739,079 | 6,539,929 | |||
Total Metals & Mining | 110,738,108 | ||||
TOTAL COMMON STOCKS (Cost $913,557,912) | 948,192,211 | ||||
SHORT-TERM INVESTMENTS - 0.7% | |||||
Money Market Funds - 0.7% | |||||
First American Government Obligations Fund - Class X, 0.03% (d) | 6,499,584 | 6,499,584 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,499,584) | 6,499,584 | ||||
Total Investments (Cost $920,057,496) - 100.0% | 954,691,795 | ||||
Liabilities in Excess of Other Assets - (0.0)% (f) | (159,551) | ||||
TOTAL NET ASSETS - 100.0% | $ | 954,532,244 |
Percentages are stated as a percent of net assets. | ||||
ADR | American Depositary Receipt | |||
PLC | Public Limited Company | |||
(a) | Non-income producing security. | |||
(b) | Value determined based on estimated fair value. The value of this security totals $125,988, which represents 0.01% of total net assets. Classified as Level 3 in the fair value hierarchy. A schedule of the Fund's investments in Level 3 securities held during the nine months ended June 30, 2021 is set forth below. |
Issuer Name | Value at September 30, 2020 | Purchase | Sales | Net Realized (Losses) | Net Change in Unrealized appreciation (Depreciation) | Value at June 30, 2021 | Dividends | Shares Held At June 30, 2021 | ||||||||||||||||||||||||
Sombrero Resources, Inc. | $ | - | $ | - | $ | - | $ | - | $ | 125,988 | $ | 125,988 | $ | - | 585,867 |
(c) | As of June 30, 2021, the Fund had a significant portion of its assets invested in the Metals & Mining Industry. | |||
(d) | The rate quoted is the annualized seven-day yield at June 30, 2021. | |||
(e) | Affiliated security. A schedule of the Fund's investments in securities of affiliated issuers held during the nine months ended June 30, 2021 is set forth below. |
Issuer Name | Value at September 30, 2020 | Purchase | Sales | Net Realized (Losses) | Net Change in Unrealized appreciation (Depreciation) | Value at June 30, 2021 | Dividends | Shares Held A t June 30, 2021 | ||||||||||||||||||||||||
Kootenay Silver, Inc. | $ | 1,371,967 | $ | 2,056,273 | $ | (608,886 | ) | $ | (57,482 | ) | $ | (756,776 | ) | $ | 2,005,096 | $ | - | 9,559,683 | ||||||||||||||
MAG Silver Corp. | 20,520,080 | 63,947,516 | (2,583,885 | ) | 493,442 | 9,778,881 | 92,156,034 | - | 4,407,277 | |||||||||||||||||||||||
New Gold, Inc. | 6,281,951 | 10,098,490 | (3,400,591 | ) | 390,105 | (695,127 | ) | 12,674,828 | - | 7,045,613 | ||||||||||||||||||||||
Trevali Mining Corp. | 442,987 | 1,307,870 | (378,057 | ) | 99,890 | 261,122 | 1,733,812 | - | 9,996,432 | |||||||||||||||||||||||
$ | 28,616,985 | $ | 77,410,149 | $ | (6,971,419 | ) | $ | 925,955 | $ | 8,588,100 | $ | 108,569,770 | $ | - | 31,009,005 |
(f) | Value less than 0.05% | |||
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive | ||||
property of MSCI, Inc. and Standard & Poor's Financial Services LLC (“S&P”). GICS is a service | ||||
mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing | ||||
business as U.S. Bank Global Fund Services ("Fund Services"). |
ETF Managers Trust
The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF (“SILJ), ETFMG Prime Cyber Security ETF (“HACK”), ETFMG Prime Mobile Payments ETF (“IPAY”), ETFMG Sit Ultra Short ETF (“VALT”), ETFMG Travel Tech ETF (“AWAY”), ETFMG Treatments, Testing and Advancements ETF (“GERM”), ETFMG Alternative Harvest U.S. ETF (“MJUS”), ETFMG Alternative Harvest ETF (“MJ”), ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (“SINV”), ETFMG Prime 2x Daily Junior Silver Miners ETF (“SILX”), ETFMG 2x Daily Travel Tech ETF (“AWYX”), Wedbush ETFMG Video Game Tech ETF (“GAMR”), Wedbush ETFMG Global Cloud Technology ETF (“IVES”), BlueStar Israel Technology ETF (“ITEQ”), Etho Climate Leadership U.S. ETF (“ETHO”) and AI Powered Equity ETF (“AIEQ”) (each a “Fund,” or collectively the “Funds”). | |||
Security Valuation. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the “Board”). When a security is “fair valued,” consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds’ Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of June 30, 2021, HACK, IPAY, VALT, AWAY, GERM, MJUS, MJ, SINV, SILX, AWYX, GAMR, IVES, ITEQ, and ETHO did not hold any fair valued securities. As of June 30, 2021, AIEQ held one fair valued security and as of June 30, 2021, SILJ held three fair valued securities. As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | |||
Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access. | ||
Level 2 | Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. | ||
Level 3 | Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available. | ||
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The following is a summary of the inputs used to value the Funds’ investments as of June 30, 2021: |
SILJ | ||||||||||||||||
Assets^ | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 948,066,223 | $ | - | $ | 125,988 | $ | 948,192,211 | ||||||||
Short-Term Investments | 6,499,584 | - | - | 6,499,584 | ||||||||||||
Total Investments in Securities | $ | 954,565,807 | $ | - | $ | 125,988 | $ | 954,691,795 |
(1) Includes a security valued at $0. | ||||||||
^ See Schedule of Investments for classifications by country and industry | ||||||||
* Certain investments that are measured at fair value used the net asset value per share (or its equivalent) practical expediant have not been | ||||||||
categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value | ||||||||
hierarchy to the amounts presented in the Schedules of Investments. | ||||||||
** Investment was purchased with collateral. | ||||||||
*** Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as swaps. Swaps are reflected as the unrealized appreciation (depreciation) on the instrument. |