AI Powered Equity ETF | ||||||||
Schedule of Investments | ||||||||
December 31, 2022 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS - 99.0% | ||||||||
Bermuda - 0.8% | ||||||||
Thrifts & Mortgage Finance - 0.4% | ||||||||
Essent Group, Ltd. | 8,559 | $ | 332,774 | |||||
Trading Companies & Distributors - 0.4% | ||||||||
Triton International, Ltd. | 5,118 | 352,016 | ||||||
Total Bermuda | 684,790 | |||||||
Cayman Islands - 2.7% | ||||||||
Semiconductors & Semiconductor Equipment - 2.7% | ||||||||
Ambarella, Inc. (a) | 30,201 | 2,483,428 | ||||||
Ireland - 2.6% | ||||||||
Building Products - 0.1% | ||||||||
Johnson Controls International PLC | 1,921 | 122,944 | ||||||
Insurance - 0.4% | ||||||||
Willis Towers Watson PLC | 1,556 | 380,567 | ||||||
Machinery - 0.4% | ||||||||
Pentair PLC | 7,506 | 337,620 | ||||||
Pharmaceuticals - 1.7% | ||||||||
Perrigo Co. PLC | 46,923 | 1,599,605 | ||||||
Total Ireland | 2,440,736 | |||||||
Jersey - 1.5% | ||||||||
Containers & Packaging - 1.3% | ||||||||
Amcor PLC | 104,588 | 1,245,643 | ||||||
Health Care Equipment & Supplies - 0.2% | ||||||||
Novocure, Ltd. (a) | 2,481 | 181,981 | ||||||
Total Jersey | 1,427,624 | |||||||
Netherlands - 0.7% | ||||||||
Semiconductors & Semiconductor Equipment - 0.7% | ||||||||
NXP Semiconductors NV | 3,754 | 593,245 | ||||||
United States - 90.7% | ||||||||
Aerospace & Defense - 1.0% | ||||||||
Lockheed Martin Corp. | 560 | 272,434 | ||||||
Spirit AeroSystems Holdings, Inc. - Class A | 21,521 | 637,022 | ||||||
Total Aerospace & Defense | 909,456 | |||||||
Airlines - 4.6% | ||||||||
Delta Air Lines, Inc. (a) | 81,779 | 2,687,258 | ||||||
JetBlue Airways Corporation (a) | 199,161 | 1,290,563 | ||||||
United Airlines Holdings, Inc. (a)(b) | 8,246 | 310,874 | ||||||
Total Airlines | 4,288,695 | |||||||
Auto Components - 0.4% | ||||||||
QuantumScape Corp. - Class A (a)(b) | 67,990 | 385,503 | ||||||
Banks - 0.5% | ||||||||
Ameris Bancorp (b) | 7,274 | 342,896 | ||||||
Independent Bank Corp. | 1,891 | 159,657 | ||||||
Total Banks | 502,553 | |||||||
Beverages - 0.6% | ||||||||
Molson Coors Beverage Co. - Class B (b) | 11,667 | 601,084 | ||||||
Biotechnology - 6.7% | ||||||||
Biogen, Inc. (a) | 2,034 | 563,255 | ||||||
Blueprint Medicines Corp. (a) | 4,616 | 202,227 | ||||||
Cerevel Therapeutics Holdings, Inc. (a)(b) | 11,313 | 356,812 | ||||||
Exact Sciences Corp. (a) | 6,500 | 321,815 | ||||||
Halozyme Therapeutics, Inc. (a) | 4,988 | 283,817 | ||||||
Ionis Pharmaceuticals, Inc. (a) | 7,649 | 288,903 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 3,881 | 2,800,103 | ||||||
Relay Therapeutics, Inc. (a) | 10,453 | 156,168 | ||||||
Sarepta Therapeutics, Inc. (a) | 4,569 | 592,051 | ||||||
Ultragenyx Pharmaceutical, Inc. (a) | 13,148 | 609,147 | ||||||
Total Biotechnology | 6,174,298 | |||||||
Building Products - 2.3% | ||||||||
Carrier Global Corp. | 45,904 | 1,893,540 | ||||||
Resideo Technologies, Inc. (a) | 16,675 | 274,304 | ||||||
Total Building Products | 2,167,844 | |||||||
Capital Markets - 1.6% | ||||||||
Blackstone, Inc. | 3,401 | 252,320 | ||||||
S&P Global, Inc. (b) | 3,641 | 1,219,517 | ||||||
Total Capital Markets | 1,471,837 | |||||||
Chemicals - 0.3% | ||||||||
Intrepid Potash, Inc. (a) | 7,930 | 228,939 | ||||||
Livent Corp. (a) | 188 | 3,736 | ||||||
Total Chemicals | 232,675 | |||||||
Commercial Services & Supplies - 1.2% | ||||||||
Copart, Inc. (a) | 18,905 | 1,151,125 | ||||||
Communications Equipment - 0.2% | ||||||||
Clearfield, Inc. (a)(b) | 1,016 | 95,646 | ||||||
Juniper Networks, Inc. | 2,570 | 82,137 | ||||||
Total Communications Equipment | 177,783 | |||||||
Construction & Engineering - 0.2% | ||||||||
Ameresco, Inc. - Class A (a)(b) | 2,673 | 152,735 | ||||||
Consumer Finance - 3.5% | ||||||||
American Express Co. | 20,415 | 3,016,316 | ||||||
SLM Corp. (b) | 12,255 | 203,433 | ||||||
Total Consumer Finance | 3,219,749 | |||||||
Containers & Packaging - 0.2% | ||||||||
Ball Corp. | 4,239 | 216,782 | ||||||
Diversified Consumer Services - 0.3% | ||||||||
2U, Inc. (a) | 21,942 | 137,576 | ||||||
H&R Block, Inc. (b) | 2,751 | 100,439 | ||||||
Total Diversified Consumer Services | 238,015 | |||||||
Diversified Telecommunication Services - 1.3% | ||||||||
Frontier Communications Parent, Inc. (a) | 10,699 | 272,611 | ||||||
Verizon Communications, Inc. | 23,119 | 910,888 | ||||||
Total Diversified Telecommunication Services | 1,183,499 | |||||||
Electric Utilities - 0.4% | ||||||||
Entergy Corp. | 3,556 | 400,050 | ||||||
OGE Energy Corp. | 135 | 5,339 | ||||||
Total Electric Utilities | 405,389 | |||||||
Electrical Equipment - 2.1% | ||||||||
Array Technologies, Inc. (a) | 22,808 | 440,879 | ||||||
Bloom Energy Corp. - Class A (a)(b) | 57,542 | 1,100,202 | ||||||
ChargePoint Holdings, Inc. - Class A (a)(b) | 38,969 | 371,375 | ||||||
Total Electrical Equipment | 1,912,456 | |||||||
Electronic Equipment, Instruments & Components - 0.3% | ||||||||
TD SYNNEX Corp. | 2,810 | 266,135 | ||||||
Entertainment - 3.0% | ||||||||
AMC Entertainment Holdings, Inc. - Class A (a)(b) | 492,978 | 2,006,420 | ||||||
Liberty Media Corp-Liberty Formula One - Class C (a) | 4,625 | 276,483 | ||||||
Netflix, Inc. (a) | 10 | 2,949 | ||||||
ROBLOX Corp. - Class A (a) | 19,562 | 556,735 | ||||||
Total Entertainment | 2,842,587 | |||||||
Food Products - 1.6% | ||||||||
Kraft Heinz Co. | 24,571 | 1,000,286 | ||||||
The Simply Good Foods Co. (a) | 13,641 | 518,767 | ||||||
Total Food Products | 1,519,053 | |||||||
Gas Utilities - 0.3% | ||||||||
National Fuel Gas Co. | 4,027 | 254,909 | ||||||
Health Care Equipment & Supplies - 0.3% | ||||||||
ResMed, Inc. | 1,559 | �� | 324,475 | |||||
Health Care Providers & Services - 2.0% | ||||||||
AdaptHealth Corp. (a)(b) | 15,229 | 292,701 | ||||||
Encompass Health Corp. | 9,714 | 580,994 | ||||||
Tenet Healthcare Corp. (a) | 20,411 | 995,853 | ||||||
Total Health Care Providers & Services | 1,869,548 | |||||||
Health Care Technology - 0.9% | ||||||||
Schrodinger, Inc. (a) | 45,109 | 843,087 | ||||||
Hotels, Restaurants & Leisure - 5.4% | ||||||||
Bally’s Corp. (a)(b) | 12,535 | 242,928 | ||||||
Booking Holdings, Inc. (a) | 118 | 237,803 | ||||||
Expedia Group, Inc. (a) | 3,687 | 322,981 | ||||||
Marriott Vacations Worldwide Corp. | 602 | 81,023 | ||||||
SeaWorld Entertainment, Inc. (a)(b) | 30,973 | 1,657,366 | ||||||
Starbucks Corp. | 25,194 | 2,499,246 | ||||||
Total Hotels, Restaurants & Leisure | 5,041,347 | |||||||
Household Durables - 1.9% | ||||||||
Lennar Corporation - Class A | 15,653 | 1,416,596 | ||||||
Tempur Sealy International, Inc. (b) | 9,563 | 328,298 | ||||||
Total Household Durables | 1,744,894 | |||||||
Household Products - 0.5% | ||||||||
Colgate-Palmolive Co. | 5,705 | 449,497 | ||||||
Independent Power and Renewable Electricity Producers - 0.0% (d) | ||||||||
Sunnova Energy International, Inc. (a)(b) | 289 | 5,205 | ||||||
Insurance - 3.3% | ||||||||
Aflac, Inc. | 2,734 | 196,684 | ||||||
Brighthouse Financial, Inc. (a) | 2,138 | 109,615 | ||||||
Reinsurance Group of America, Inc. | 491 | 69,766 | ||||||
The Progressive Corp. | 18,720 | 2,428,172 | ||||||
W R Berkley Corp. | 3,881 | 281,644 | ||||||
Total Insurance | 3,085,881 | |||||||
Interactive Media & Services - 1.5% | ||||||||
Bumble, Inc. - Class A (a)(b) | 51,110 | 1,075,865 | ||||||
fuboTV, Inc. (a)(b) | 164,898 | 286,923 | ||||||
Total Interactive Media & Services | 1,362,788 | |||||||
IT Services - 8.2% | ||||||||
Cognizant Technology Solutions Corp. - Class A | 49,250 | 2,816,607 | ||||||
DXC Technology Co. (a)(b) | 133,151 | 3,528,501 | ||||||
Euronet Worldwide, Inc. (a) | 10,078 | 951,162 | ||||||
MongoDB, Inc. - Class A (a)(b) | 1,321 | 260,026 | ||||||
Total IT Services | 7,556,296 | |||||||
Life Sciences Tools & Services - 1.8% | ||||||||
Bruker Corp. (b) | 3,420 | 233,757 | ||||||
Maravai LifeSciences Holdings, Inc. - Class A (a) | 31,803 | 455,101 | ||||||
Mettler-Toledo International, Inc. (a) | 161 | 232,717 | ||||||
Syneos Health, Inc. (a) | 20,647 | 757,332 | ||||||
Total Life Sciences Tools & Services | 1,678,907 | |||||||
Machinery - 0.6% | ||||||||
John Bean Technologies Corp. | 3,358 | 306,686 | ||||||
Nikola Corp. (a)(b) | 118,856 | 256,729 | ||||||
Total Machinery | 563,415 | |||||||
Media - 0.4% | ||||||||
News Corp. - Class A (b) | 17,876 | 325,343 | ||||||
Metals & Mining - 1.3% | ||||||||
Steel Dynamics, Inc. (b) | 12,345 | 1,206,107 | ||||||
Multiline Retail - 0.1% | ||||||||
Nordstrom, Inc. (b) | 8,196 | 132,283 | ||||||
Oil, Gas & Consumable Fuels - 4.7% | ||||||||
APA Corp. | 2,903 | 135,512 | ||||||
CONSOL Energy, Inc. | 19,686 | 1,279,590 | ||||||
Murphy Oil Corp. (b) | 5,848 | 251,523 | ||||||
Southwestern Energy Co. (a)(b) | 359,799 | 2,104,825 | ||||||
Texas Pacific Land Corp. (b) | 254 | 595,434 | ||||||
Total Oil, Gas & Consumable Fuels | 4,366,884 | |||||||
Personal Products - 0.6% | ||||||||
Veru, Inc. (a) | 98,255 | 518,786 | ||||||
Pharmaceuticals - 4.9% | ||||||||
Cassava Sciences, Inc. (a)(b) | 2,504 | 73,968 | ||||||
Merck & Co, Inc. | 2,828 | 313,767 | ||||||
Organon & Co. (b) | 55,629 | 1,553,718 | ||||||
Pfizer, Inc. (b) | 38,586 | 1,977,146 | ||||||
SIGA Technologies, Inc. (b) | 52,874 | 389,153 | ||||||
Viatris, Inc. | 18,930 | 210,691 | ||||||
Total Pharmaceuticals | 4,518,443 | |||||||
Professional Services - 1.4% | ||||||||
Booz Allen Hamilton Holding Corp. | 9,470 | 989,805 | ||||||
ManpowerGroup, Inc. | 3,478 | 289,404 | ||||||
Total Professional Services | 1,279,209 | |||||||
Real Estate Investment Trusts (REITs) - 0.4% | ||||||||
Brixmor Property Group, Inc. | 12,943 | 293,418 | ||||||
Kite Realty Group Trust | 5,761 | 121,269 | ||||||
Total Real Estate Investment Trusts (REITs) | 414,687 | |||||||
Real Estate Management & Development - 0.2% | ||||||||
Zillow Group, Inc. - Class A (a) | 5,219 | 162,885 | ||||||
Road & Rail - 0.1% | ||||||||
Avis Budget Group, Inc. (a) | 588 | 96,391 | ||||||
Semiconductors & Semiconductor Equipment - 5.3% | ||||||||
Cirrus Logic, Inc. (a) | 4,651 | 346,406 | ||||||
KLA Corp. | 8,002 | 3,016,994 | ||||||
Marvell Technology, Inc. | 10,892 | 403,440 | ||||||
Photronics, Inc. (a)(b) | 12,185 | 205,074 | ||||||
Qorvo, Inc. (a) | 3,475 | 314,974 | ||||||
Semtech Corp. (a) | 11,945 | 342,702 | ||||||
SolarEdge Technologies, Inc. (a) | 1,120 | 317,262 | ||||||
Total Semiconductors & Semiconductor Equipment | 4,946,852 | |||||||
Software - 5.0% | ||||||||
Bentley Systems, Inc. - Class B | 15,227 | 562,790 | ||||||
Rapid7, Inc. (a) | 8,114 | 275,714 | ||||||
Sprout Social, Inc. - Class A (a) | 66 | 3,726 | ||||||
Tenable Holdings, Inc. (a) | 16,138 | 615,665 | ||||||
Unity Software, Inc. (a)(b) | 90,249 | 2,580,219 | ||||||
Zoom Video Communications, Inc. - Class A (a) | 8,153 | 552,284 | ||||||
Total Software | 4,590,398 | |||||||
Specialty Retail - 4.4% | ||||||||
AutoNation, Inc. (a)(b) | 2,878 | 308,809 | ||||||
Five Below, Inc. (a) | 479 | 84,721 | ||||||
O’Reilly Automotive, Inc. (a) | 4,348 | 3,669,843 | ||||||
Total Specialty Retail | 4,063,373 | |||||||
Textiles, Apparel & Luxury Goods - 1.5% | ||||||||
Tapestry, Inc. | 37,387 | 1,423,697 | ||||||
Thrifts & Mortgage Finance - 0.6% | ||||||||
Rocket Cos, Inc. - Class A (b) | 75,586 | 529,102 | ||||||
Trading Companies & Distributors - 0.7% | ||||||||
GATX Corp. | 1,545 | 164,295 | ||||||
Herc Holdings, Inc. (b) | 4,163 | 547,726 | ||||||
Total Trading Companies & Distributors | 712,021 | |||||||
Total United States | 83,671,275 | |||||||
TOTAL COMMON STOCKS (Cost $95,521,774) | 91,715,786 | |||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 26.5% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.49% (c) | 24,592,409 | 24,592,409 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $24,592,409) | 24,592,409 | |||||||
Total Investments (Cost $120,114,183) - 125.5% | 116,308,195 | |||||||
Liabilities in Excess of Other Assets - (25.5)% | (23,620,538 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 92,687,657 |
Percentages are stated as a percent of net assets. | |||||||
PLC | Public Limited Company | ||||||
(a) | Non-income producing security. | ||||||
(b) | All or a portion of this security was out on loan at December 31, 2022. | ||||||
(c) | The rate shown is the annualized seven-day yield at period end. | ||||||
(d) | Amount is 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”). | |||||||
The accompanying notes are an integral part of these financial statements |
ETF Managers Trust
The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF (“SILJ”), ETFMG Prime 2x Daily Junior Silver Miners ETF (“SILX”), 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 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 December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security. 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 December 31, 2022: |
AIEQ | ||||||||||||||||
Assets^ | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 91,715,786 | $ | - | $ | - | $ | 91,715,786 | ||||||||
Investments Purchased with Securities Lending Collateral* | - | - | - | 24,592,409 | ||||||||||||
Total Investments in Securities | $ | 91,715,786 | $ | - | $ | - | $ | 116,308,195 |
(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 expedient 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. | ||||||||
*** Swap contracts are derivative instruments, which are presented at the unrealized appreciation/depreciation on the instrument. |