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.