AI Powered Equity ETF | ||||||||
Schedule of Investments | ||||||||
June 30, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS - 100.0% | ||||||||
Bermuda - 0.5% | ||||||||
Capital Markets - 0.4% | ||||||||
Lazard, Ltd. - Class A | 15,494 | $ | 495,808 | |||||
Insurance - 0.1% | ||||||||
Axis Capital Holdings, Ltd. | 1,795 | 96,625 | ||||||
Total Bermuda | 592,433 | |||||||
Ireland - 0.5% | ||||||||
Building Products - 0.1% | ||||||||
Allegion PLC | 1,449 | 173,909 | ||||||
Pharmaceuticals - 0.4% | ||||||||
Jazz Pharmaceuticals PLC (a) | 1,696 | 210,253 | ||||||
Perrigo Co. PLC | 6,926 | 235,138 | ||||||
Total Pharmaceuticals | 445,391 | |||||||
Total Ireland | 619,300 | |||||||
Luxembourg - 0.7% | ||||||||
Entertainment - 0.7% | ||||||||
Spotify Technology SA (a) | 5,191 | 833,416 | ||||||
Netherlands - 0.5% | ||||||||
Automobiles - 0.5% | ||||||||
Stellantis NV | 32,670 | 573,032 | ||||||
Switzerland - 0.7% | ||||||||
Insurance - 0.7% | ||||||||
Chubb, Ltd. | 4,376 | 842,643 | ||||||
United Kingdom - 0.2% | ||||||||
Electrical Equipment - 0.2% | ||||||||
Sensata Technologies Holding PLC | 4,381 | 197,101 | ||||||
United States - 96.9% | ||||||||
Aerospace & Defense - 2.2% | ||||||||
Lockheed Martin Corp. | 1,811 | 833,748 | ||||||
Northrop Grumman Corp. | 1,834 | 835,937 | ||||||
Raytheon Technologies Corp. | 8,445 | 827,272 | ||||||
Total Aerospace & Defense | 2,496,957 | |||||||
Air Freight & Logistics - 2.0% | ||||||||
CH Robinson Worldwide, Inc. (b) | 24,744 | 2,334,595 | ||||||
Airlines - 0.7% | ||||||||
American Airlines Group, Inc. (a) | 46,903 | 841,440 | ||||||
Banks - 4.8% | ||||||||
JPMorgan Chase & Co. | 27,918 | 4,060,395 | ||||||
M &T Bank Corp. | 4,536 | 561,375 | ||||||
Old National Bancorp | 7,583 | 105,707 | ||||||
Pinnacle Financial Partners, Inc. | 2,759 | 156,297 | ||||||
Regions Financial Corp. | 34,249 | 610,317 | ||||||
Total Banks | 5,494,091 | |||||||
Beverages - 1.4% | ||||||||
Coca-Cola Co. | 13,762 | 828,747 | ||||||
Coca-Cola Consolidated, Inc. | 1,281 | 814,742 | ||||||
Total Beverages | 1,643,489 | |||||||
Biotechnology - 3.4% | ||||||||
Amgen, Inc. | 3,743 | 831,021 | ||||||
Exelixis, Inc. (a) | 8,363 | 159,817 | ||||||
Neurocrine Biosciences, Inc. (a) | 13,565 | 1,279,180 | ||||||
Novavax, Inc. (a)(b) | 113,100 | 840,333 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,171 | 841,410 | ||||||
Total Biotechnology | 3,951,761 | |||||||
Broadline Retail - 1.3% | ||||||||
Etsy, Inc. (a) | 9,706 | 821,225 | ||||||
Macy’s, Inc. | 38,935 | 624,907 | ||||||
Total Broadline Retail | 1,446,132 | |||||||
Capital Markets - 4.2% | ||||||||
Bank of New York Mellon Corp. | 17,336 | 771,799 | ||||||
Cboe Global Markets, Inc. | 5,492 | 757,951 | ||||||
CME Group, Inc. | 4,507 | 835,102 | ||||||
Coinbase Global, Inc. - Class A (a) | 11,451 | 819,319 | ||||||
FactSet Research Systems, Inc. | 722 | 289,269 | ||||||
MSCI, Inc. | 1,757 | 824,543 | ||||||
Northern Trust Corp. | 6,126 | 454,182 | ||||||
SEI Investments Co. | 2,205 | 131,462 | ||||||
Total Capital Markets | 4,883,627 | |||||||
Chemicals - 2.1% | ||||||||
Avient Corp. | 1,367 | 55,910 | ||||||
Dow, Inc. | 15,528 | 827,021 | ||||||
FMC Corp. | 3,245 | 338,583 | ||||||
Mosaic Co. | 23,877 | 835,696 | ||||||
Olin Corp. | 3,811 | 195,847 | ||||||
RPM International, Inc. | 1,927 | 172,910 | ||||||
Total Chemicals | 2,425,967 | |||||||
Commercial Services & Supplies - 0.1% | ||||||||
Casella Waste Systems, Inc. - Class A (a) | 764 | 69,104 | ||||||
Communications Equipment - 2.6% | ||||||||
Arista Networks, Inc. (a) | 3,675 | 595,571 | ||||||
Motorola Solutions, Inc. | 8,250 | 2,419,559 | ||||||
Total Communications Equipment | 3,015,130 | |||||||
Consumer Staples Distribution - 0.2% | ||||||||
Casey’s General Stores, Inc. | 925 | 225,589 | ||||||
Construction & Engineering - 0.1% | ||||||||
EMCOR Group, Inc. | 382 | 70,586 | ||||||
Containers & Packaging - 0.3% | ||||||||
Crown Holdings, Inc. | 3,857 | 335,058 | ||||||
Distributors - 0.3% | ||||||||
LKQ Corp. | 5,644 | 328,876 | ||||||
Diversified Consumer Services - 0.2% | ||||||||
H&R Block, Inc. | 5,574 | 177,643 | ||||||
Diversified Telecommunication Services - 0.7% | ||||||||
AT&T, Inc. | 51,714 | 824,838 | ||||||
Electric Utilities - 2.6% | ||||||||
American Electric Power Co, Inc. | 9,895 | 833,160 | ||||||
Entergy Corp. | 3,919 | 381,593 | ||||||
Evergy, Inc. | 3,610 | 210,896 | ||||||
Eversource Energy | 5,146 | 364,954 | ||||||
OGE Energy Corp. | 4,689 | 168,382 | ||||||
PG&E Corporation (a) | 21,455 | 370,742 | ||||||
Portland General Electric Co. | 3,523 | 164,982 | ||||||
PPL Corp. | 17,624 | 466,331 | ||||||
Total Electric Utilities | 2,961,040 | |||||||
Electrical Equipment - 0.7% | ||||||||
Plug Power, Inc. (a)(b) | 80,086 | 832,094 | ||||||
Electronic Equipment, Instruments & Components - 0.3% | ||||||||
CDW Corp. | 1,925 | 353,238 | ||||||
Entertainment - 0.7% | ||||||||
Walt Disney Co. (a) | 9,300 | 830,304 | ||||||
Financial Services - 0.7% | ||||||||
Fidelity National Information Services, Inc. | 15,625 | 854,688 | ||||||
Food Products - 4.5% | ||||||||
Darling Ingredients, Inc. (a) | 4,108 | 262,049 | ||||||
Hershey Co. | 13,217 | 3,300,286 | ||||||
Kellogg Co. | 11,068 | 745,983 | ||||||
Lancaster Colony Corp. | 371 | 74,604 | ||||||
Mondelez International, Inc. - Class A | 11,420 | 832,975 | ||||||
Total Food Products | 5,215,897 | |||||||
Gas Utilities - 0.1% | ||||||||
ONE Gas, Inc. | 920 | 70,665 | ||||||
Ground Transportation - 0.6% | ||||||||
Lyft, Inc. - Class A (a) | 76,884 | 737,318 | ||||||
Health Care Equipment & Supplies - 4.7% | ||||||||
Masimo Corporation (a) | 8,223 | 1,353,095 | ||||||
Merit Medical Systems, Inc. (a) | 724 | 60,555 | ||||||
Omnicell, Inc. (a) | 17,362 | 1,279,059 | ||||||
ResMed, Inc. | 12,456 | 2,721,635 | ||||||
Total Health Care Equipment & Supplies | 5,414,344 | |||||||
Health Care Providers & Services - 0.1% | ||||||||
Premier, Inc. - Class A | 2,595 | 71,778 | ||||||
Hotels, Restaurants & Leisure - 0.7% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 391 | 836,349 | ||||||
Household Durables - 0.3% | ||||||||
Mohawk Industries, Inc. (a) | 3,476 | 358,584 | ||||||
Household Products - 4.6% | ||||||||
Clorox Co. | 28,202 | 4,485,246 | ||||||
Colgate-Palmolive Co. | 10,796 | 831,724 | ||||||
Total Household Products | 5,316,970 | |||||||
Independent Power and Renewable Electricity Producers - 0.2% | ||||||||
Ormat Technologies, Inc. | 2,365 | 190,288 | ||||||
Insurance - 9.7% | ||||||||
Allstate Corp. | 7,573 | 825,760 | ||||||
American International Group, Inc. | 14,405 | 828,864 | ||||||
MetLife, Inc. | 14,698 | 830,878 | ||||||
Prudential Financial, Inc. | 40,776 | 3,597,258 | ||||||
RLI Corp. | 462 | 63,049 | ||||||
The Progressive Corp. | 37,971 | 5,026,220 | ||||||
Total Insurance | 11,172,029 | |||||||
Interactive Media & Services - 0.7% | ||||||||
Alphabet, Inc. - Class A (a) | 6,942 | 830,957 | ||||||
IT Services - 1.6% | ||||||||
Cloudflare, Inc. - Class A (a) | 12,874 | 841,573 | ||||||
Cognizant Technology Solutions Corp. - Class A | 12,515 | 816,979 | ||||||
DXC Technology Co. (a)(b) | 4,669 | 124,756 | ||||||
Total IT Services | 1,783,308 | |||||||
Life Sciences Tools & Services - 3.4% | ||||||||
Bio-Rad Laboratories, Inc. - Class A (a) | 6,775 | 2,568,537 | ||||||
Charles River Laboratories International, Inc. (a) | 1,762 | 370,461 | ||||||
Danaher Corporation | 3,483 | 835,920 | ||||||
Medpace Holdings, Inc. (a) | 615 | 147,705 | ||||||
Total Life Sciences Tools & Services | 3,922,623 | |||||||
Machinery - 0.2% | ||||||||
Oshkosh Corp. | 2,006 | 173,700 | ||||||
Media - 0.3% | ||||||||
Liberty Broadband Corp. - Class C (a) | 4,492 | 359,854 | ||||||
Metals & Mining - 5.4% | ||||||||
Alcoa Corp. | 151,583 | 5,143,210 | ||||||
Royal Gold, Inc. | 8,751 | 1,004,440 | ||||||
Total Metals & Mining | 6,147,650 | |||||||
Multi-Utilities - 2.6% | ||||||||
Ameren Corp. | 4,252 | 347,261 | ||||||
CMS Energy Corp. | 6,259 | 367,716 | ||||||
Consolidated Edison, Inc. | 7,468 | 675,107 | ||||||
DTE Energy Co. | 3,885 | 427,428 | ||||||
NiSource, Inc. | 14,563 | 398,298 | ||||||
Public Service Enterprise Group, Inc. | 12,512 | 783,377 | ||||||
Total Multi-Utilities | 2,999,187 | |||||||
Oil, Gas & Consumable Fuels - 6.2% | ||||||||
Chesapeake Energy Corp. | 6,943 | 580,990 | ||||||
ConocoPhillips | 8,044 | 833,439 | ||||||
Coterra Energy, Inc. (b) | 201,874 | 5,107,413 | ||||||
DT Midstream, Inc. | 1,585 | 78,568 | ||||||
ONEOK, Inc. | 8,121 | 501,228 | ||||||
Total Oil, Gas & Consumable Fuels | 7,101,638 | |||||||
Personal Care Products - 0.2% | ||||||||
BellRing Brands, Inc. (a) | 6,989 | 255,797 | ||||||
Pharmaceuticals - 3.4% | ||||||||
Catalent, Inc. (a) | 51,550 | 2,235,207 | ||||||
Merck & Co, Inc. | 7,279 | 839,924 | ||||||
Pfizer, Inc. | 22,962 | 842,246 | ||||||
Total Pharmaceuticals | 3,917,377 | |||||||
Professional Services - 0.8% | ||||||||
Concentrix Corp. | 1,569 | 126,697 | ||||||
Exponent, Inc. | 589 | 54,965 | ||||||
FTI Consulting, Inc. (a) | 599 | 113,930 | ||||||
Leidos Holdings, Inc. | 3,063 | 271,015 | ||||||
MAXIMUS, Inc. | 1,061 | 89,665 | ||||||
Robert Half International, Inc. | 3,579 | 269,212 | ||||||
Total Professional Services | 925,484 | |||||||
Real Estate Investment Trusts - 10.6% | ||||||||
Alexandria Real Estate Equities, Inc. | 3,880 | 440,341 | ||||||
American Tower Corp. | 4,309 | 835,688 | ||||||
Crown Castle International Corp. | 7,278 | 829,255 | ||||||
CubeSmart (b) | 4,744 | 211,867 | ||||||
Equinix, Inc. | 5,181 | 4,061,594 | ||||||
Federal Realty Investment Trust | 1,779 | 172,154 | ||||||
First Industrial Realty Trust, Inc. | 2,552 | 134,337 | ||||||
Kimco Realty Corp. | 17,442 | 343,956 | ||||||
Life Storage, Inc. | 1,800 | 239,328 | ||||||
NNN REIT, Inc. | 5,205 | 222,722 | ||||||
Prologis, Inc. | 6,807 | 834,742 | ||||||
Public Storage, Inc. | 13,300 | 3,882,004 | ||||||
Total Real Estate Investment Trusts | 12,207,988 | |||||||
Semiconductors & Semiconductor Equipment - 0.8% | ||||||||
Cirrus Logic, Inc. (a) | 1,494 | 121,029 | ||||||
Micron Technology, Inc. | 12,828 | 809,575 | ||||||
Total Semiconductors & Semiconductor Equipment | 930,604 | |||||||
Software - 1.0% | ||||||||
Black Knight, Inc. (a) | 2,846 | 169,992 | ||||||
DocuSign, Inc. (a) | 16,220 | 828,680 | ||||||
Gen Digital, Inc. | 226 | 4,192 | ||||||
New Relic, Inc. (a) | 1,416 | 92,663 | ||||||
Nutanix, Inc. - Class A (a) | 3,799 | 106,562 | ||||||
Total Software | 1,202,089 | |||||||
Specialty Retail - 0.7% | ||||||||
AutoZone, Inc. (a) | 333 | 830,289 | ||||||
Total Specialty Retail | 830,289 | |||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
Crocs, Inc. (a) | 2,637 | 296,504 | ||||||
Nike, Inc. - Class B (b) | 7,239 | 798,968 | ||||||
Total Textiles, Apparel & Luxury Goods | 1,095,472 | |||||||
Tobacco - 0.7% | ||||||||
Altria Group, Inc. | 18,413 | 834,109 | ||||||
Trading Companies & Distributors - 0.1% | ||||||||
Applied Industrial Technologies, Inc. | 431 | 62,422 | ||||||
Water Utilities - 0.2% | ||||||||
Essential Utilities, Inc. | 4,584 | 182,947 | ||||||
Total United States | 111,543,964 | |||||||
TOTAL COMMON STOCKS (Cost $114,435,710) | 115,201,889 | |||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 6.2% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (c) | 7,180,519 | 7,180,519 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $7,180,519) | 7,180,519 | |||||||
SHORT-TERM INVESTMENTS - 6.9% | ||||||||
Money Market Funds - 6.9% | ||||||||
First American Government Obligations Fund - Class X, 5.01% (c) | 721,153 | 721,153 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $721,153) | 721,153 | |||||||
Total Investments (Cost $122,337,382) - 106.9% | 123,103,561 | |||||||
Liabilities in Excess of Other Assets - (6.9)% | (7,928,836 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 115,174,725 |
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 June 30, 2023. | |||
(c) | The rate shown is the annualized seven-day yield at period end. | |||
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 Alternative Harvest ETF (“MJXL”), 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, 2023, AIEQ, HACK, IPAY, GAMR, VALT, AWAY, GERM, MJUS, MJXL, SILX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of June 30, 2023, SILJ held three fair valued securities and MJ 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 June 30, 2023: |
AIEQ | ||||||||||||||||
Assets^ | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 115,201,889 | $ | - | $ | - | $ | 115,201,889 | ||||||||
Short-Term Investments | 721,153 | - | - | 721,153 | ||||||||||||
Investments Purchased with Securities Lending Collateral* | - | - | - | 7,180,519 | ||||||||||||
Total Investments in Securities | $ | 115,923,042 | $ | - | $ | - | $ | 123,103,561 |
(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. |