NPORT-EX 2 ives_nport.htm

Wedbush ETFMG Global Cloud Technology ETF
            
Schedule of Investments
            
December 31, 2022 (Unaudited)
            
   
Shares
    
Value
  
             
COMMON STOCKS - 98.7%
            
Australia - 3.3%
            
IT Services - 3.3% (d)
            
Megaport, Ltd. (a)
    
35,316
    
$
151,724
  
NEXTDC, Ltd. (a)
    
101,987
      
631,885
  
Total IT Services
            
783,609
  
                 
Canada - 4.5%
                
Software - 4.5% (d)
                
Open Text Corp.
    
36,184
      
1,072,157
  
                 
Cayman Islands - 10.7%
                
IT Services - 10.7% (d)
                
Chinasoft International, Ltd.
    
675,965
      
588,025
  
Chindata Group Holdings, Ltd. - ADR (a)
    
82,600
      
658,322
  
GDS Holdings, Ltd. - ADR (a)(b)
    
43,378
      
894,454
  
Kingsoft Cloud Holdings, Ltd. - ADR (a)
    
55,893
      
214,070
  
Vnet Group, Inc. - ADR (a)(b)
    
34,446
      
195,309
  
Total IT Services
            
2,550,180
  
                 
Germany - 1.8%
                
Software - 1.8% (d)
                
Software AG
    
16,438
      
426,175
  
                 
Israel - 4.8%
                
Software - 4.8% (d)
                
JFrog, Ltd. (a)(b)
    
6,363
      
135,723
  
Nice, Ltd. (a)
    
5,241
      
1,013,876
  
Total Software
            
1,149,599
  
                 
Japan - 13.0%
                
IT Services - 12.1% (d)
                
Hennge KK (a)
    
7,166
      
51,435
  
Itochu Techno-Solutions Corp.
    
44,039
      
1,030,172
  
Japan Business Systems, Inc.
    
5,300
      
141,344
  
NS Solutions Corp.
    
20,174
      
491,899
  
SCSK Corp.
    
67,467
      
1,028,661
  
TechMatrix Corp.
    
9,815
      
137,533
  
Total IT Services
            
2,881,044
  
Software - 0.9% (d)
                
Cybozu, Inc.
    
11,632
      
214,843
  
Total Japan
            
3,095,887
  
                 
Netherlands - 4.0%
                
Software - 4.0% (d)
                
Elastic NV (a)
    
18,588
      
957,282
  
                 
Singapore - 2.7%
                
Real Estate Investment Trusts (REITs) - 2.7%
                
Digital Core REIT Management Pte, Ltd. (a)
    
253,334
      
139,334
  
Keppel DC REIT
    
383,166
      
506,349
  
Total Real Estate Investment Trusts (REITs)
            
645,683
  
                 
Sweden - 2.9%
                
Software - 2.9% (d)
                
Sinch AB (a)
    
185,348
      
679,057
  
                 
United Kingdom - 3.0%
                
Software - 3.0% (d)
                
Bytes Technology Group PLC
    
52,694
      
246,537
  
Micro Focus International PLC
    
74,623
      
477,603
  
Total Software
            
724,140
  
                 
United States - 48.0%
                
IT Services - 10.8% (d)
                
Cloudflare, Inc. - Class A (a)(b)
    
14,531
      
656,947
  
DigitalOcean Holdings, Inc. (a)(b)
    
6,327
      
161,149
  
Edgio, Inc. (a)
    
14,070
      
15,899
  
Fastly, Inc. - Class A (a)(b)
    
8,081
      
66,183
  
Grid Dynamics Holdings, Inc. (a)
    
4,991
      
55,999
  
Kyndryl Holdings, Inc. (a)(b)
    
14,901
      
165,699
  
MongoDB, Inc. (a)(b)
    
4,256
      
837,751
  
Okta, Inc. (a)
    
8,254
      
563,996
  
Rackspace Technology, Inc. (a)(b)
    
13,702
      
40,421
  
Unisys Corp. (a)
    
4,454
      
22,760
  
Total IT Services
            
2,586,804
  
Software - 31.1% (d)
                
8x8, Inc. (a)
    
7,042
      
30,421
  
Alteryx, Inc. - Class A (a)(b)
    
4,540
      
230,042
  
Appfolio, Inc. - Class A (a)
    
2,231
      
235,103
  
Appian Corp. - Class A (a)
    
4,750
      
154,660
  
Blackbaud, Inc. (a)
    
3,432
      
202,008
  
Box, Inc. - Class A (a)(b)
    
9,351
      
291,097
  
CommVault Systems, Inc. (a)
    
2,867
      
180,162
  
Confluent, Inc. - Class A (a)(b)
    
19,082
      
424,384
  
Coupa Software, Inc. (a)
    
4,897
      
387,695
  
Datadog, Inc. - Class A (a)(b)
    
9,238
      
678,993
  
Domo, Inc. - Class B (a)
    
2,169
      
30,887
  
Dropbox, Inc. - Class A (a)
    
23,642
      
529,108
  
Everbridge, Inc. (a)
    
2,563
      
75,814
  
Gitlab, Inc. - Class A (a)(b)
    
9,005
      
409,187
  
HashiCorp, Inc. - Class A (a)(b)
    
12,224
      
334,204
  
Informatica, Inc. - Class A (a)(b)
    
18,597
      
302,945
  
Intapp, Inc. (a)
    
4,009
      
99,984
  
Jamf Holding Corp. (a)(b)
    
7,890
      
168,057
  
MicroStrategy, Inc. - Class A (a)(b)
    
612
      
86,641
  
N-able, Inc. (a)
    
11,872
      
122,044
  
nCino, Inc. (a)
    
6,908
      
182,648
  
New Relic, Inc. (a)
    
4,490
      
253,461
  
Nutanix, Inc. - Class A (a)
    
13,989
      
364,413
  
PagerDuty, Inc. (a)
    
5,858
      
155,588
  
RingCentral, Inc. - Class A (a)(b)
    
6,309
      
223,339
  
Samsara, Inc. - Class A (a)(b)
    
33,797
      
420,097
  
Smartsheet, Inc. - Class A (a)
    
8,581
      
337,748
  
SolarWinds Corp. (a)
    
10,622
      
99,422
  
Sumo Logic, Inc. (a)
    
7,455
      
60,386
  
Teradata Corp. (a)
    
6,688
      
225,118
  
Zeta Global Holdings Corp. - Class A (a)(b)
    
13,576
      
110,916
  
Total Software
            
7,406,572
  
Technology Hardware, Storage & Peripherals - 6.1%
                
NetApp, Inc.
    
10,582
      
635,555
  
Pure Storage, Inc. - Class A (a)
    
19,640
      
525,566
  
Super Micro Computer, Inc. (a)(b)
    
3,466
      
284,559
  
Total Technology Hardware, Storage & Peripherals
            
1,445,680
  
Total United States
            
11,439,056
  
TOTAL COMMON STOCKS (Cost $30,721,093)
            
23,522,825
  
                 
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 27.3%
                
ETFMG Sit Ultra Short ETF (e)
    
50,000
      
2,417,000
  
Mount Vernon Liquid Assets Portfolio, LLC, 4.49% (c)
    
4,077,969
      
4,077,969
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $6,565,919)
            
6,494,969
  
                 
SHORT-TERM INVESTMENTS - 1.5%
                
Money Market Funds - 1.5%
                
First American Government Obligations Fund - Class X, 4.08% (c)
    
352,565
      
352,565
  
TOTAL SHORT-TERM INVESTMENTS (Cost $352,565)
            
352,565
  
                 
Total Investments (Cost $37,639,577) - 127.5%
            
30,370,359
  
Liabilities in Excess of Other Assets - (27.5)%
            
(6,554,160
)
TOTAL NET ASSETS - 100.0%
          
$
23,816,199
  

Percentages are stated as a percent of net assets.
        
 
ADR
American Depositary Receipt
            
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)
As of December 31, 2022, the Fund had a significant portion of its assets invested in the Software & IT Services Industries.
      
(e)
Affiliated security. A schedule of the Fund’s investments in securities of affiliated issuers held during the period ended December 31, 2022 is set forth below.
          

Security Name
Value at
September 30,
2022
Purchases
Sales
Net Realized Gain
(Losses)
Net Change in
Unrealized
Appreciation
(Depreciation)
Dividend
Income
Value at
December 31,
2022
Ending Shares
ETFMG Sit Ultra Short ETF
 $        2,403,750
 $                  -
 $                 -
 $                -
 $            13,250
 $             -
 $        2,417,000
              50,000

     
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:
  
 
IVES
                        
Assets^
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks
  
$
23,522,825
    
$
-
    
$
-
    
$
23,522,825
  
Short-Term Investments
    
352,565
      
-
      
-
      
352,565
  
ETFMG Sit Ultra Short ETF**
    
2,417,000
      
-
      
-
      
2,417,000
  
Investments Purchased with Securities Lending Collateral*
    
-
      
-
      
-
      
4,077,969
  
Total Investments in Securities
  
$
26,292,390
    
$
-
    
$
-
    
$
30,370,359
  

(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.