# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0002048251-25-001293
**Filing Date:** 2025-10
**Character Count:** 69963
**Document Hash:** 888308644661e9fd91f375935ec635ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-001293.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002048251-25-001293

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCHANGE TRADED CONCEPTS TRUST
- **CENTRAL INDEX KEY:** 0001452937

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22263
- **FILM NUMBER:** 251429403

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES TRUST
- **DATE OF NAME CHANGE:** 20090717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES INC
- **DATE OF NAME CHANGE:** 20090225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VERITAS FUNDS INC
- **DATE OF NAME CHANGE:** 20081230

## Series and Classes Contracts Data

### ETC 6 Meridian Small Cap Equity ETF (Series ID: S000068545)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000219255 | ETC 6 Meridian Small Cap Equity ETF | SIXS            |

## Nport-Ex

**ETC 6 Meridian**

**Hedged Equity-Index Option Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 96.5%** |  |  |
| **Communication Services — 16.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A<sup>(A)</sup> | 32704 | $6963009 |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T<sup>(A)</sup> | 891496 | 26111918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 380434 | 12923343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A<sup>(A)</sup> | 16494 | 12184118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Netflix\* | 5337 | 6448430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications<sup>(A)</sup> | 432784 | 19142036 |
|  |  | 83772854 |
| **Consumer Discretionary — 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amazon.com<sup>(A)</sup>\* | 28801 | 6595429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings | 1148 | 6427709 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Motors | 117776 | 6900496 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's | 20422 | 6403114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nike, Cl B | 82905 | 6414360 |
|  |  | 32741108 |
| **Consumer Staples — 19.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group<sup>(A)</sup> | 400639 | 26926947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola<sup>(A)</sup> | 89829 | 6197303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive<sup>(A)</sup> | 148199 | 12459090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale<sup>(A)</sup> | 6492 | 6124033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 96754 | 5944566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International<sup>(A)</sup> | 113892 | 19034770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 41059 | 6447905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart<sup>(A)</sup> | 125650 | 12185537 |
|  |  | 95320151 |
| **Energy — 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 133374 | 13200025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil<sup>(A)</sup> | 112889 | 12902084 |
|  |  | 26102109 |
| **Financials — 10.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American International Group | 80363 | 6535119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon | 61983 | 6545405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 13084 | 6580991 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab | 64742 | 6204873 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 21527 | 6488668 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings<sup>(A)</sup>\* | 92169 | 6469342 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 281718 | 13756290 |
|  |  | 52580688 |
| **Health Care — 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 48588 | 6445684 |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie<sup>(A)</sup> | 31684 | 6666314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen | 20835 | 5994438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb<sup>(A)</sup> | 279775 | 13199784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly | 8110 | 5941224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences<sup>(A)</sup> | 54651 | 6173923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson<sup>(A)</sup> | 36968 | 6549621 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 527128 | 13051689 |
|  |  | 64022677 |
| **Industrials — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deere | 12346 | 5909290 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Electric | 22968 | 6320793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin | 14687 | 6691838 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;18921921 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Information Technology — 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 24220 | $6296474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple<sup>(A)</sup> | 30564 | 7095127 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 92169 | 6367956 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 24744 | 6024917 |
| &nbsp;&nbsp;&nbsp;Intuit | 7967 | 5313989 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA<sup>(A)</sup> | 35606 | 6201853 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A\* | 80195 | 12567358 |
| &nbsp;&nbsp;&nbsp;Qualcomm | 83484 | 13418383 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 6765 | 6206617 |
|  |  | 69492674 |
| **Real Estate — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 58330 | 11890570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group<sup>‡(A)</sup> | 38494 | 6954326 |
|  |  | 18844896 |
| **Utilities — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy<sup>(A)</sup> | 100639 | 12327271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern<sup>(A)</sup> | 65124 | 6010945 |
|  |  | 18338216 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $446,157,415) |  | 480137294 |
| **EXCHANGE-TRADED FUND — 4.0%** |  |  |
| **Domestic Fixed Income — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;SPDR Bloomberg 1-3 Month T-<br> Bill ETF | 216952 | 19909685 |
| Total Exchange-Traded Fund<br> (Cost $19,842,555) |  | 19909685 |
| **SHORT-TERM INVESTMENT — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency<br> Portfolio, Institutional Class,<br> 4.21%<sup>(B)</sup> | 2528544 | 2528544 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,528,544) |  | 2528544 |
| Total Investments - 101.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $468,528,514) |  | $&nbsp;&nbsp;&nbsp;&nbsp;502575523 |
| **WRITTEN OPTION — -1.0%** |  |  |
| Total Written Option |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums Received $5,356,467) |  | $(4761025) |

---

**ETC 6 Meridian**

**Hedged Equity-Index Option Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

A list of the Exchange Traded Option Contracts held by the Fund at August 31, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Number of<br> Contracts | Notional<br> Amount | Exercise <br> Price | Expiration<br> Date | Value |
| **WRITTEN OPTION — (1.0)%** |  |  |  |  |  |
| Call Options |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;S&P 500 Index\* | (785) | $507130410 | $6600 | 10/17/25 | $(4761025) |
| **TOTAL WRITTEN OPTION** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums Received $5,356,467) |  |  |  |  | $(4761025) |

---

Percentages are based on Net Assets of $497,821,310.

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | All or a portion of these securities has been pledged as collateral on written options with a fair value of $101,693,716. |
| (B) | The rate shown is the 7-day effective yield as of August 31, 2025. |

---

---

| |
|:---|
| Cl — Class |
| ETF — Exchange-Traded Fund |
| PLC — Public Limited Company |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |

---

MER-QH-001-1100

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.7%** |  |  |
| **Communication Services — 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;AT&T | 30345 | $888805 |
| &nbsp;&nbsp;&nbsp;DoubleVerify Holdings\* | 53968 | 878060 |
| &nbsp;&nbsp;&nbsp;Madison Square Garden Sports\* | 4086 | 808374 |
| &nbsp;&nbsp;&nbsp;New York Times, Cl A | 17118 | 1024341 |
| &nbsp;&nbsp;&nbsp;TKO Group Holdings, Cl A | 5516 | 1045613 |
| &nbsp;&nbsp;&nbsp;T-Mobile US | 3080 | 776129 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 18335 | 810957 |
| &nbsp;&nbsp;&nbsp;Warner Music Group, Cl A | 23980 | 799733 |
|  |  | 7032012 |
| **Consumer Discretionary — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Columbia Sportswear | 9681 | 539425 |
| &nbsp;&nbsp;&nbsp;Mattel\* | 39238 | 718055 |
| &nbsp;&nbsp;&nbsp;McDonald's | 2610 | 818339 |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 9243 | 964322 |
| &nbsp;&nbsp;&nbsp;Murphy USA | 1805 | 679583 |
| &nbsp;&nbsp;&nbsp;Service Corp International | 10151 | 804467 |
| &nbsp;&nbsp;&nbsp;Sturm Ruger | 20258 | 702345 |
| &nbsp;&nbsp;&nbsp;Wendy's | 53506 | 567699 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5794235 |
| **Consumer Staples — 18.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Albertsons, Cl A | 46566 | 906175 |
| &nbsp;&nbsp;&nbsp;Altria Group | 14228 | 956264 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 16873 | 1056925 |
| &nbsp;&nbsp;&nbsp;BellRing Brands\* | 11853 | 486566 |
| &nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings\* | 7218 | 705054 |
| &nbsp;&nbsp;&nbsp;Boston Beer, Cl A\* | 3474 | 768067 |
| &nbsp;&nbsp;&nbsp;Bunge Global | 10860 | 914629 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 9809 | 1134313 |
| &nbsp;&nbsp;&nbsp;Church & Dwight | 7315 | 681465 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 11512 | 794213 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Consolidated | 6034 | 707426 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 8691 | 730652 |
| &nbsp;&nbsp;&nbsp;Conagra Brands | 31220 | 597239 |
| &nbsp;&nbsp;&nbsp;Edgewell Personal Care | 25829 | 620412 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings | 26796 | 738498 |
| &nbsp;&nbsp;&nbsp;Flowers Foods | 43516 | 654481 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 26585 | 964504 |
| &nbsp;&nbsp;&nbsp;General Mills | 13035 | 643016 |
| &nbsp;&nbsp;&nbsp;Hormel Foods | 27966 | 711455 |
| &nbsp;&nbsp;&nbsp;Ingredion | 6186 | 801334 |
| &nbsp;&nbsp;&nbsp;J & J Snack Foods | 5879 | 655920 |
| &nbsp;&nbsp;&nbsp;John B Sanfilippo & Son | 11044 | 716756 |
| &nbsp;&nbsp;&nbsp;Kenvue | 34991 | 724664 |
| &nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 24187 | 703600 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 5694 | 735323 |
| &nbsp;&nbsp;&nbsp;Kraft Heinz | 25932 | 725318 |
| &nbsp;&nbsp;&nbsp;Kroger | 12713 | 862450 |
| &nbsp;&nbsp;&nbsp;Lancaster Colony | 4224 | 771302 |
| &nbsp;&nbsp;&nbsp;McCormick | 9908 | 697226 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 12149 | 746435 |
| &nbsp;&nbsp;&nbsp;National Beverage\* | 19630 | 825441 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 5246 | 779818 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 5281 | 882613 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Consumer Staples — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Pilgrim's Pride | 15416 | $685241 |
| &nbsp;&nbsp;&nbsp;Post Holdings\* | 7087 | 801894 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 4643 | 729137 |
| &nbsp;&nbsp;&nbsp;Simply Good Foods\* | 22705 | 650044 |
| &nbsp;&nbsp;&nbsp;SpartanNash | 40821 | 1094003 |
| &nbsp;&nbsp;&nbsp;Sysco | 10798 | 868915 |
| &nbsp;&nbsp;&nbsp;Tootsie Roll Industries | 26012 | 1045947 |
| &nbsp;&nbsp;&nbsp;TreeHouse Foods\* | 26445 | 485001 |
| &nbsp;&nbsp;&nbsp;Tyson Foods, Cl A | 13400 | 760852 |
| &nbsp;&nbsp;&nbsp;Universal | 15087 | 844118 |
| &nbsp;&nbsp;&nbsp;WD-40 | 3349 | 723518 |
| &nbsp;&nbsp;&nbsp;WK Kellogg | 42576 | 975842 |
|  |  | 35064066 |
| **Energy — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Dorian LPG | 38639 | 1235675 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 7537 | 861404 |
| &nbsp;&nbsp;&nbsp;International Seaways | 23397 | 1062692 |
| &nbsp;&nbsp;&nbsp;World Kinect | 28682 | 768964 |
|  |  | 3928735 |
| **Financials — 13.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Aflac | 7508 | 802305 |
| &nbsp;&nbsp;&nbsp;Allstate | 4105 | 835162 |
| &nbsp;&nbsp;&nbsp;American Financial Group | 6336 | 860809 |
| &nbsp;&nbsp;&nbsp;AMERISAFE | 15926 | 735463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Annaly Capital Management<sup>‡</sup> | 38064 | 806576 |
| &nbsp;&nbsp;&nbsp;Assured Guaranty | 9571 | 786736 |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets | 3807 | 898262 |
| &nbsp;&nbsp;&nbsp;Chubb | 2830 | 778448 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 3191 | 850433 |
| &nbsp;&nbsp;&nbsp;Employers Holdings | 16401 | 709507 |
| &nbsp;&nbsp;&nbsp;EVERTEC | 21656 | 772686 |
| &nbsp;&nbsp;&nbsp;EZCORP, Cl A\* | 60801 | 1013553 |
| &nbsp;&nbsp;&nbsp;Federated Hermes, Cl B | 20811 | 1105064 |
| &nbsp;&nbsp;&nbsp;Hanover Insurance Group | 4787 | 830449 |
| &nbsp;&nbsp;&nbsp;HCI Group | 6010 | 1001927 |
| &nbsp;&nbsp;&nbsp;Horace Mann Educators | 19625 | 902357 |
| &nbsp;&nbsp;&nbsp;Kemper | 12296 | 659680 |
| &nbsp;&nbsp;&nbsp;MarketAxess Holdings | 3930 | 722491 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan | 3429 | 705722 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 21477 | 858436 |
| &nbsp;&nbsp;&nbsp;Payoneer Global\* | 103855 | 721792 |
| &nbsp;&nbsp;&nbsp;Progressive | 2880 | 711533 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 3330 | 809157 |
| &nbsp;&nbsp;&nbsp;RLI | 10722 | 726201 |
| &nbsp;&nbsp;&nbsp;Ryan Specialty Holdings, Cl A | 11718 | 662419 |
| &nbsp;&nbsp;&nbsp;Safety Insurance Group | 10699 | 791833 |
| &nbsp;&nbsp;&nbsp;Selective Insurance Group | 9442 | 738648 |
| &nbsp;&nbsp;&nbsp;&nbsp;Two Harbors Investment<sup>‡</sup> | 58478 | 584780 |
| &nbsp;&nbsp;&nbsp;Unum Group | 10203 | 712782 |
| &nbsp;&nbsp;&nbsp;Virtu Financial, Cl A | 22180 | 929786 |
| &nbsp;&nbsp;&nbsp;Western Union | 73336 | 635823 |
| &nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 2450 | 800635 |
| &nbsp;&nbsp;&nbsp;WR Berkley | 13045 | 935196 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;26396651 |
| **Health Care — 16.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 6001 | 796093 |

---

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie | 3846 | $809198 |
| &nbsp;&nbsp;&nbsp;Addus HomeCare\* | 8508 | 979866 |
| &nbsp;&nbsp;&nbsp;Alkermes PLC\* | 23410 | 678188 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson | 3598 | 694342 |
| &nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical\* | 11388 | 663579 |
| &nbsp;&nbsp;&nbsp;Cencora, Cl A | 3101 | 904283 |
| &nbsp;&nbsp;&nbsp;Centene\* | 13643 | 396193 |
| &nbsp;&nbsp;&nbsp;Chemed | 1362 | 623728 |
| &nbsp;&nbsp;&nbsp;Cigna Group | 2568 | 772634 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical\* | 27219 | 1056097 |
| &nbsp;&nbsp;&nbsp;Doximity, Cl A\* | 12293 | 835187 |
| &nbsp;&nbsp;&nbsp;Dynavax Technologies\* | 56562 | 572407 |
| &nbsp;&nbsp;&nbsp;Encompass Health | 8133 | 990274 |
| &nbsp;&nbsp;&nbsp;Ensign Group | 6289 | 1080324 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 21225 | 794240 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 6988 | 789434 |
| &nbsp;&nbsp;&nbsp;HCA Healthcare | 2521 | 1018383 |
| &nbsp;&nbsp;&nbsp;HealthStream | 24642 | 691947 |
| &nbsp;&nbsp;&nbsp;Hologic\* | 12978 | 871083 |
| &nbsp;&nbsp;&nbsp;Innoviva\* | 46111 | 942048 |
| &nbsp;&nbsp;&nbsp;Inspire Medical Systems\* | 4632 | 433972 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals PLC\* | 5942 | 759091 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 4889 | 866184 |
| &nbsp;&nbsp;&nbsp;Lantheus Holdings\* | 8089 | 444086 |
| &nbsp;&nbsp;&nbsp;McKesson | 1264 | 867913 |
| &nbsp;&nbsp;&nbsp;Medtronic PLC | 8706 | 808004 |
| &nbsp;&nbsp;&nbsp;Merit Medical Systems\* | 7973 | 721875 |
| &nbsp;&nbsp;&nbsp;Molina Healthcare\* | 2499 | 451894 |
| &nbsp;&nbsp;&nbsp;Neurocrine Biosciences\* | 7197 | 1004701 |
| &nbsp;&nbsp;&nbsp;Omnicell\* | 21780 | 709810 |
| &nbsp;&nbsp;&nbsp;Organon | 54585 | 514191 |
| &nbsp;&nbsp;&nbsp;Penumbra\* | 2915 | 794746 |
| &nbsp;&nbsp;&nbsp;Pfizer | 30907 | 765257 |
| &nbsp;&nbsp;&nbsp;Premier, Cl A | 46219 | 1197072 |
| &nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare\* | 9311 | 633521 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics\* | 18397 | 1086343 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 4721 | 857523 |
| &nbsp;&nbsp;&nbsp;Sarepta Therapeutics\* | 7680 | 139776 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals\* | 25486 | 1149928 |
| &nbsp;&nbsp;&nbsp;United Therapeutics\* | 2633 | 802433 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 1657 | 513455 |
|  |  | 32481303 |
| **Industrials — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Brady, Cl A | 11629 | 907992 |
| &nbsp;&nbsp;&nbsp;CACI International, Cl A\* | 2255 | 1081769 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 12864 | 825354 |
| &nbsp;&nbsp;&nbsp;FTI Consulting\* | 4807 | 810653 |
| &nbsp;&nbsp;&nbsp;Genpact | 15901 | 720951 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies | 3793 | 1053013 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 1755 | 799631 |
| &nbsp;&nbsp;&nbsp;MAXIMUS | 11927 | 1048622 |
| &nbsp;&nbsp;&nbsp;National Presto Industries | 8777 | 920005 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman | 1706 | 1006608 |
| &nbsp;&nbsp;&nbsp;RB Global | 8134 | 931668 |
| &nbsp;&nbsp;&nbsp;RTX | 6322 | 1002669 |
| &nbsp;&nbsp;&nbsp;Tetra Tech | 28387 | 1033855 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 2745 | $735989 |
| &nbsp;&nbsp;&nbsp;Verra Mobility, Cl A\* | 38186 | 948922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13827701 |
| **Information Technology — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Box, Cl A\* | 25218 | 822863 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 9832 | 704758 |
| &nbsp;&nbsp;&nbsp;Dynatrace\* | 15137 | 765932 |
| &nbsp;&nbsp;&nbsp;InterDigital | 3868 | 1050974 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates | 4419 | 721446 |
| &nbsp;&nbsp;&nbsp;LiveRamp Holdings\* | 28548 | 797060 |
| &nbsp;&nbsp;&nbsp;N-able\* | 108732 | 876380 |
| &nbsp;&nbsp;&nbsp;Progress Software | 14582 | 675001 |
|  |  | 6414414 |
| **Materials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;AptarGroup | 5362 | 746766 |
| &nbsp;&nbsp;&nbsp;Crown Holdings | 9070 | 901376 |
| &nbsp;&nbsp;&nbsp;Royal Gold | 5396 | 969014 |
|  |  | 2617156 |
| **Real Estate — 13.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agree Realty<sup>‡</sup> | 10819 | 786974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Alexander & Baldwin<sup>‡</sup> | 45695 | 883741 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Homes 4 Rent, Cl A<sup>‡</sup> | 22485 | 805413 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 3915 | 798073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Armada Hoffler Properties<sup>‡</sup> | 91653 | 667234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group<sup>‡</sup> | 30345 | 849357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerspace<sup>‡</sup> | 12522 | 745059 |
| &nbsp;&nbsp;&nbsp;&nbsp;COPT Defense Properties<sup>‡</sup> | 30411 | 875228 |
| &nbsp;&nbsp;&nbsp;&nbsp;CubeSmart<sup>‡</sup> | 19189 | 785214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Easterly Government Properties, Cl A<sup>‡</sup> | 29387 | 672664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Elme Communities<sup>‡</sup> | 47376 | 809182 |
| &nbsp;&nbsp;&nbsp;&nbsp;EPR Properties<sup>‡</sup> | 15360 | 833280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties<sup>‡</sup> | 11969 | 721611 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust<sup>‡</sup> | 14071 | 740134 |
| &nbsp;&nbsp;&nbsp;&nbsp;Four Corners Property Trust<sup>‡</sup> | 28161 | 729088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties<sup>‡</sup> | 16210 | 778242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Getty Realty<sup>‡</sup> | 26124 | 746885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthcare Realty Trust, Cl A<sup>‡</sup> | 49131 | 853897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Innovative Industrial Properties, Cl A<sup>‡</sup> | 11148 | 631646 |
| &nbsp;&nbsp;&nbsp;&nbsp;LTC Properties<sup>‡</sup> | 22680 | 827820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mid-America Apartment Communities<sup>‡</sup> | 4862 | 708977 |
| &nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust<sup>‡</sup> | 20927 | 674477 |
| &nbsp;&nbsp;&nbsp;&nbsp;NNN REIT<sup>‡</sup> | 18961 | 813617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rayonier<sup>‡</sup> | 30164 | 792710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regency Centers<sup>‡</sup> | 10895 | 789887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sabra Health Care REIT<sup>‡</sup> | 48952 | 935473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saul Centers<sup>‡</sup> | 22479 | 768107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanger<sup>‡</sup> | 23762 | 812185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Realty Income Trust<sup>‡</sup> | 19752 | 801733 |
| &nbsp;&nbsp;&nbsp;&nbsp;Urban Edge Properties<sup>‡</sup> | 40453 | 836973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Veris Residential<sup>‡</sup> | 49067 | 771824 |

---

**ETC 6 Meridian**

**Low Beta Equity Strategy ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Real Estate — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Cl A<sup>‡</sup> | 25370 | $856999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Whitestone REIT, Cl B<sup>‡</sup> | 59075 | 777427 |
| &nbsp;&nbsp;&nbsp;&nbsp;WP Carey<sup>‡</sup> | 12678 | 850694 |
|  |  | 26731825 |
| **Utilities — 17.2%** |  |  |
| &nbsp;&nbsp;&nbsp;ALLETE | 12418 | 796615 |
| &nbsp;&nbsp;&nbsp;Alliant Energy | 13039 | 848448 |
| &nbsp;&nbsp;&nbsp;Ameren | 8345 | 832664 |
| &nbsp;&nbsp;&nbsp;American Electric Power | 7902 | 877280 |
| &nbsp;&nbsp;&nbsp;American States Water | 10396 | 774814 |
| &nbsp;&nbsp;&nbsp;American Water Works | 5870 | 842404 |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 5539 | 920194 |
| &nbsp;&nbsp;&nbsp;Avista | 20765 | 758753 |
| &nbsp;&nbsp;&nbsp;Black Hills | 13643 | 815988 |
| &nbsp;&nbsp;&nbsp;California Water Service Group | 17347 | 814095 |
| &nbsp;&nbsp;&nbsp;Chesapeake Utilities | 6374 | 787699 |
| &nbsp;&nbsp;&nbsp;Clearway Energy, Cl C | 29680 | 884761 |
| &nbsp;&nbsp;&nbsp;CMS Energy | 11322 | 810315 |
| &nbsp;&nbsp;&nbsp;Consolidated Edison | 8036 | 789376 |
| &nbsp;&nbsp;&nbsp;DTE Energy | 6209 | 848460 |
| &nbsp;&nbsp;&nbsp;Duke Energy | 7059 | 864657 |
| &nbsp;&nbsp;&nbsp;Entergy | 9987 | 879755 |
| &nbsp;&nbsp;&nbsp;Essential Utilities | 21091 | 833305 |
| &nbsp;&nbsp;&nbsp;Evergy | 12340 | 879348 |
| &nbsp;&nbsp;&nbsp;Exelon | 18914 | 826164 |
| &nbsp;&nbsp;&nbsp;FirstEnergy | 21193 | 924439 |
| &nbsp;&nbsp;&nbsp;IDACORP | 7212 | 902221 |
| &nbsp;&nbsp;&nbsp;MGE Energy | 9125 | 776994 |
| &nbsp;&nbsp;&nbsp;Middlesex Water | 13275 | 710744 |
| &nbsp;&nbsp;&nbsp;National Fuel Gas | 11023 | 956135 |
| &nbsp;&nbsp;&nbsp;New Jersey Resources | 17108 | 809037 |
| &nbsp;&nbsp;&nbsp;NiSource | 21016 | 888346 |
| &nbsp;&nbsp;&nbsp;Northwest Natural Holding | 19579 | 813116 |
| &nbsp;&nbsp;&nbsp;Northwestern Energy Group | 14729 | 847065 |
| &nbsp;&nbsp;&nbsp;OGE Energy | 18414 | 822369 |
| &nbsp;&nbsp;&nbsp;ONE Gas | 11163 | 853970 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital | 8933 | 798253 |
| &nbsp;&nbsp;&nbsp;PPL | 23932 | 872800 |
| &nbsp;&nbsp;&nbsp;SJW Group | 14904 | 750714 |
| &nbsp;&nbsp;&nbsp;Southern | 9138 | 843437 |
| &nbsp;&nbsp;&nbsp;Southwest Gas Holdings | 11139 | 889783 |
| &nbsp;&nbsp;&nbsp;Spire | 10680 | 818088 |
| &nbsp;&nbsp;&nbsp;UGI | 24699 | 855573 |
| &nbsp;&nbsp;&nbsp;Unitil | 14858 | 697732 |
| &nbsp;&nbsp;&nbsp;WEC Energy Group | 7812 | 832056 |
|  |  | 33347967 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $184,727,919) |  | &nbsp;&nbsp;&nbsp;&nbsp;193636065 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **SHORT-TERM INVESTMENT — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 629387 | $629387 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $629,387) |  | 629387 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $185,357,306) |  | $&nbsp;&nbsp;&nbsp;&nbsp;194265452 |

---

Percentages are based on Net Assets of $194,184,038.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company <br> REIT — Real Estate Investment Trust

MER-QH-001-1100

**ETC 6 Meridian**

**Mega Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.9%** | **COMMON STOCK — 99.9%** | **COMMON STOCK — 99.9%** |
| **Communication Services — 17.4%** | **Communication Services — 17.4%** |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 28984 | $6170983 |
| &nbsp;&nbsp;&nbsp;AT&T | 790081 | 23141473 |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 337162 | 11453393 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 14618 | 10798317 |
| &nbsp;&nbsp;&nbsp;Netflix\* | 4730 | 5715022 |
| &nbsp;&nbsp;&nbsp;Verizon Communications | 383549 | 16964372 |
|  |  | 74243560 |
| **Consumer Discretionary — 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com\* | 25526 | 5845454 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 1016 | 5688635 |
| &nbsp;&nbsp;&nbsp;General Motors | 104380 | 6115624 |
| &nbsp;&nbsp;&nbsp;McDonald's | 18098 | 5674447 |
| &nbsp;&nbsp;&nbsp;Nike, Cl B | 73475 | 5684761 |
|  |  | 29008921 |
| **Consumer Staples — 19.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Altria Group | 355063 | 23863784 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 79610 | 5492294 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 131343 | 11042006 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale | 5754 | 5427863 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 85750 | 5268480 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 100936 | 16869434 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 36391 | 5714843 |
| &nbsp;&nbsp;&nbsp;Walmart | 111359 | 10799596 |
|  |  | 84478300 |
| **Energy — 5.5%** |  |  |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 118202 | 11698452 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 100050 | 11434714 |
|  |  | 23133166 |
| **Financials — 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;American International Group | 71223 | 5791854 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon | 54932 | 5800819 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B\* | 11597 | 5833059 |
| &nbsp;&nbsp;&nbsp;Charles Schwab | 57378 | 5499108 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 18911 | 5700154 |
| &nbsp;&nbsp;&nbsp;PayPal Holdings\* | 81686 | 5733540 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 249677 | 12191728 |
|  |  | 46550262 |
| **Health Care — 13.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 43062 | 5712605 |
| &nbsp;&nbsp;&nbsp;AbbVie | 28081 | 5908242 |
| &nbsp;&nbsp;&nbsp;Amgen | 18464 | 5312278 |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 247955 | 11698517 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 7188 | 5265785 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences | 48436 | 5471815 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 32764 | 5804798 |
| &nbsp;&nbsp;&nbsp;Pfizer | 467173 | 11567203 |
|  |  | 56741243 |
| **Industrials — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Deere | 10943 | 5237758 |
| &nbsp;&nbsp;&nbsp;General Electric | 20355 | 5601696 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin | 13019 | 5931847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;16771301 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Information Technology — 14.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Accenture PLC, Cl A | 21466 | $5580516 |
| &nbsp;&nbsp;&nbsp;Apple | 27088 | 6288208 |
| &nbsp;&nbsp;&nbsp;Cisco Systems | 81686 | 5643686 |
| &nbsp;&nbsp;&nbsp;International Business Machines | 21932 | 5340223 |
| &nbsp;&nbsp;&nbsp;Intuit | 7062 | 4710354 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 31556 | 5496424 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A\* | 71072 | 11137693 |
| &nbsp;&nbsp;&nbsp;Qualcomm | 73989 | 11892252 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 5996 | 5501090 |
|  |  | 61590446 |
| **Real Estate — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower, Cl A<sup>‡</sup> | 51695 | 10538026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group<sup>‡</sup> | 34116 | 6163396 |
|  |  | 16701422 |
| **Utilities — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Duke Energy | 89192 | 10925128 |
| &nbsp;&nbsp;&nbsp;Southern | 57717 | 5327279 |
|  |  | 16252407 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $397,176,961) |  | &nbsp;&nbsp;&nbsp;&nbsp;425471028 |
| **SHORT-TERM INVESTMENT — 0.1%** | **SHORT-TERM INVESTMENT — 0.1%** | **SHORT-TERM INVESTMENT — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 600264 | 600264 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $600,264) |  | 600264 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $397,777,225) |  | $426071292 |

---

Percentages are based on Net Assets of $426,205,715.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company

MER-QH-001-1100

**ETC 6 Meridian**

**Small Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK — 99.6%** | **COMMON STOCK — 99.6%** | **COMMON STOCK — 99.6%** |
| **Communication Services — 2.3%** | **Communication Services — 2.3%** |  |
| Madison Square Garden Sports\* | 5472 | $1082581 |
| TEGNA | 63396 | 1343995 |
|  |  | 2426576 |
| **Consumer Discretionary — 11.2%** |  |  |
| American Axle & Manufacturing Holdings\* | 234722 | 1366082 |
| Buckle | 29020 | 1642242 |
| G-III Apparel Group\* | 42717 | 1153359 |
| M\* | 9199 | 1354645 |
| Perdoceo Education | 42717 | 1398555 |
| Sally Beauty Holdings\* | 123858 | 1716672 |
| Shoe Carnival | 51414 | 1074552 |
| Sturm Ruger | 27763 | 962543 |
| Tri Pointe Homes\* | 34435 | 1216588 |
|  |  | 11885238 |
| **Consumer Staples — 17.1%** |  |  |
| Andersons | 26477 | 1082909 |
| Cal-Maine Foods | 26158 | 3024911 |
| Central Garden & Pet, Cl A\* | 30626 | 1115705 |
| Edgewell Personal Care | 35393 | 850140 |
| Energizer Holdings | 36808 | 1014429 |
| Fresh Del Monte Produce | 36550 | 1326034 |
| J & J Snack Foods | 8142 | 908403 |
| John B Sanfilippo & Son | 15344 | 995825 |
| National Beverage\* | 27017 | 1136065 |
| Simply Good Foods\* | 30946 | 885984 |
| SpartanNash | 56126 | 1504177 |
| Tootsie Roll Industries | 35075 | 1410378 |
| TreeHouse Foods\* | 36140 | 662808 |
| WD-40 | 4556 | 984278 |
| WK Kellogg | 57329 | 1313981 |
|  |  | 18216027 |
| **Energy — 11.0%** |  |  |
| Dorian LPG | 110280 | 3526754 |
| International Seaways | 65467 | 2973511 |
| Magnolia Oil & Gas, Cl A | 48566 | 1208322 |
| REX American Resources\* | 29882 | 1869717 |
| RPC | 211613 | 1009394 |
| SM Energy | 39831 | 1137175 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11724873 |
| **Financials — 21.4%** |  |  |
| AMERISAFE | 21571 | 996149 |
| &nbsp;&nbsp;&nbsp;Artisan Partners Asset Management, Cl A | 26109 | 1221640 |
| Assured Guaranty | 25395 | 2087469 |
| Axos Financial\* | 17012 | 1551664 |
| Bread Financial Holdings | 21526 | 1424806 |
| Brightsphere Investment Group | 46290 | 2359401 |
| Employers Holdings | 21825 | 944149 |
| Enova International\* | 11369 | 1379059 |
| EZCORP, Cl A\* | 165713 | 2762436 |
| HCI Group | 16046 | 2675029 |
| PROG Holdings | 40749 | 1435995 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Financials — continued** |  |  |
| Virtu Financial, Cl A | 30220 | $1266823 |
| Virtus Investment Partners | 6056 | 1219860 |
| World Acceptance\* | 8639 | 1480984 |
|  |  | 22805464 |
| **Health Care — 12.9%** |  |  |
| Addus HomeCare\* | 11394 | 1312247 |
| Collegium Pharmaceutical\* | 38501 | 1493839 |
| Dynavax Technologies\* | 78240 | 791789 |
| Harmony Biosciences Holdings\* | 32486 | 1198409 |
| Innoviva\* | 125060 | 2554976 |
| Inspire Medical Systems\* | 6221 | 582845 |
| Merit Medical Systems\* | 10453 | 946415 |
| Organon | 75858 | 714582 |
| Premier, Cl A | 62780 | 1626002 |
| Prestige Consumer Healthcare\* | 12822 | 872409 |
| Protagonist Therapeutics\* | 28507 | 1683338 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13776851 |
| **Industrials — 3.4%** |  |  |
| DNOW\* | 72448 | 1159168 |
| Heidrick & Struggles International | 24288 | 1234073 |
| Matson | 7965 | 828758 |
| Vestis | 97088 | 454372 |
|  |  | 3676371 |
| **Information Technology — 8.7%** |  |  |
| Box, Cl A\* | 33840 | 1104199 |
| DXC Technology\* | 60162 | 869341 |
| ePlus | 17037 | 1232968 |
| InterDigital | 5366 | 1457996 |
| N-able\* | 148128 | 1193912 |
| Photronics\* | 52422 | 1188407 |
| Progress Software | 19608 | 907654 |
| ScanSource\* | 30893 | 1348479 |
|  |  | 9302956 |
| **Materials — 1.6%** |  |  |
| SunCoke Energy | 122066 | 942350 |
| Sylvamo | 15841 | 730745 |
|  |  | 1673095 |
| **Real Estate — 4.9%** |  |  |
| Centerspace<sup>‡</sup> | 16927 | 1007157 |
| Elme Communities<sup>‡</sup> | 63214 | 1079695 |
| Four Corners Property Trust<sup>‡</sup> | 37849 | 979911 |
| Getty Realty<sup>‡</sup> | 35201 | 1006396 |
| LTC Properties<sup>‡</sup> | 30508 | 1113542 |
|  |  | 5186701 |
| **Utilities — 5.1%** |  |  |
| American States Water | 14139 | 1053779 |
| Avista | 27757 | 1014241 |
| California Water Service Group | 23495 | 1102620 |
| Clearway Energy, Cl C | 40269 | 1200419 |

---

**ETC 6 Meridian**

**Small Cap Equity ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Utilities — continued** | **Utilities — continued** |  |
| &nbsp;&nbsp;&nbsp;SJW Group | 20229 | $1018935 |
|  |  | 5389994 |
| Total Common Stock<br> (Cost $96,513,234) |  | 106064146 |
| **SHORT-TERM INVESTMENT — 0.5%** | **SHORT-TERM INVESTMENT — 0.5%** | **SHORT-TERM INVESTMENT — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 552246 | 552246 |
| Total Short-Term Investment <br> (Cost $552,246) |  | 552246 |
| Total Investments - 100.1%<br> (Cost $97,065,480) |  | $&nbsp;&nbsp;&nbsp;&nbsp;106616392 |

---

Percentages are based on Net Assets of $106,479,954.

\* Non-income producing security. <br> ‡ Real Estate Investment Trust. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class

MER-QH-001-1100

**ETC 6 Meridian**

**Quality Growth ETF**

Schedule of Investments

August 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK<sup>††</sup> — 99.6%** | **COMMON STOCK<sup>††</sup> — 99.6%** | **COMMON STOCK<sup>††</sup> — 99.6%** |
| **Communication Services — 11.4%** | **Communication Services — 11.4%** |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 16661 | $&nbsp;&nbsp;&nbsp;&nbsp;3547294 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 4628 | 3418704 |
| &nbsp;&nbsp;&nbsp;Pinterest, Cl A\* | 10483 | 383992 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A\* | 904 | 28584 |
|  |  | 7378574 |
| **Consumer Discretionary — 9.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 485 | 2715539 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor\* | 2501 | 299195 |
| &nbsp;&nbsp;&nbsp;Grand Canyon Education\* | 452 | 91110 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica\* | 1814 | 366791 |
| &nbsp;&nbsp;&nbsp;Steven Madden | 1060 | 30782 |
| &nbsp;&nbsp;&nbsp;TJX | 17602 | 2404609 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty\* | 703 | 346389 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters\* | 1098 | 73654 |
| &nbsp;&nbsp;&nbsp;YETI Holdings\* | 1205 | 42368 |
|  |  | 6370437 |
| **Consumer Staples — 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Andersons | 477 | 19509 |
| &nbsp;&nbsp;&nbsp;Boston Beer, Cl A\* | 157 | 34711 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 662 | 76554 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive | 11937 | 1003543 |
| &nbsp;&nbsp;&nbsp;J & J Snack Foods | 179 | 19971 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark | 5042 | 651124 |
| &nbsp;&nbsp;&nbsp;Lancaster Colony | 300 | 54780 |
| &nbsp;&nbsp;&nbsp;Monster Beverage\* | 10746 | 670658 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 14823 | 2327804 |
| &nbsp;&nbsp;&nbsp;Vita Coco\* | 590 | 21087 |
| &nbsp;&nbsp;&nbsp;WD-40 | 196 | 42344 |
|  |  | 4922085 |
| **Energy — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land | 282 | 263241 |
| **Financials — 12.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 4769 | 2838938 |
| &nbsp;&nbsp;&nbsp;Progressive | 8334 | 2058998 |
| &nbsp;&nbsp;&nbsp;Remitly Global\* | 2446 | 45325 |
| &nbsp;&nbsp;&nbsp;Tradeweb Markets, Cl A | 3397 | 419054 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 7544 | 2653828 |
|  |  | 8016143 |
| **Health Care — 14.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Acadia Pharmaceuticals\* | 1976 | 51356 |
| &nbsp;&nbsp;&nbsp;Alkermes PLC\* | 2555 | 74018 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals\* | 1765 | 36341 |
| &nbsp;&nbsp;&nbsp;CG oncology\* | 936 | 25104 |
| &nbsp;&nbsp;&nbsp;Chemed | 214 | 98001 |
| &nbsp;&nbsp;&nbsp;CorVel\* | 438 | 39004 |
| &nbsp;&nbsp;&nbsp;Doximity, Cl A\* | 2780 | 188873 |
| &nbsp;&nbsp;&nbsp;Edwards Lifesciences\* | 9367 | 761912 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 4186 | 156640 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories\* | 1269 | 821157 |
| &nbsp;&nbsp;&nbsp;Incyte\* | 2437 | 206195 |
| &nbsp;&nbsp;&nbsp;Inspire Medical Systems\* | 430 | 40287 |
| &nbsp;&nbsp;&nbsp;Insulet\* | 1155 | 392561 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical\* | 4529 | 2143553 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Health Care — continued** | **Health Care — continued** |  |
| &nbsp;&nbsp;&nbsp;Medpace Holdings\* | 372 | $176890 |
| &nbsp;&nbsp;&nbsp;Merck | 26610 | 2238433 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics\* | 938 | 55389 |
| &nbsp;&nbsp;&nbsp;ResMed | 2168 | 595138 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Cl A\* | 2029 | 546207 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 6260 | 979064 |
|  |  | 9626123 |
| **Industrials — 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding, Cl A | 1797 | 195370 |
| &nbsp;&nbsp;&nbsp;Cintas | 5410 | 1136262 |
| &nbsp;&nbsp;&nbsp;Copart\* | 13921 | 679484 |
| &nbsp;&nbsp;&nbsp;Enerpac Tool Group, Cl A | 799 | 33830 |
| &nbsp;&nbsp;&nbsp;ExlService Holdings\* | 2402 | 105160 |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington | 1990 | 239874 |
| &nbsp;&nbsp;&nbsp;Fastenal | 16625 | 825597 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works | 4102 | 1085594 |
| &nbsp;&nbsp;&nbsp;Lennox International | 481 | 268331 |
| &nbsp;&nbsp;&nbsp;Mueller Industries | 1673 | 160507 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line | 2903 | 438266 |
| &nbsp;&nbsp;&nbsp;Paychex | 4969 | 692952 |
| &nbsp;&nbsp;&nbsp;Rollins | 4636 | 262120 |
| &nbsp;&nbsp;&nbsp;Veralto | 3647 | 387275 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 2146 | 575385 |
| &nbsp;&nbsp;&nbsp;Watts Water Technologies, Cl A | 491 | 135958 |
| &nbsp;&nbsp;&nbsp;WW Grainger | 668 | 677018 |
|  |  | 7898983 |
| **Information Technology — 30.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe\* | 5213 | 1859477 |
| &nbsp;&nbsp;&nbsp;Appfolio, Cl A\* | 512 | 142019 |
| &nbsp;&nbsp;&nbsp;Apple | 12118 | 2813072 |
| &nbsp;&nbsp;&nbsp;Arista Networks\* | 16177 | 2208969 |
| &nbsp;&nbsp;&nbsp;Badger Meter | 441 | 80668 |
| &nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings, Cl A\* | 3917 | 80964 |
| &nbsp;&nbsp;&nbsp;CommVault Systems\* | 719 | 134198 |
| &nbsp;&nbsp;&nbsp;DocuSign, Cl A\* | 3167 | 242782 |
| &nbsp;&nbsp;&nbsp;Dynatrace\* | 4817 | 243740 |
| &nbsp;&nbsp;&nbsp;HubSpot\* | 833 | 402481 |
| &nbsp;&nbsp;&nbsp;LiveRamp Holdings\* | 1080 | 30154 |
| &nbsp;&nbsp;&nbsp;Manhattan Associates\* | 942 | 202944 |
| &nbsp;&nbsp;&nbsp;Microsoft | 7363 | 3730758 |
| &nbsp;&nbsp;&nbsp;Monolithic Power Systems | 723 | 604254 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 25709 | 4477994 |
| &nbsp;&nbsp;&nbsp;Qualys\* | 570 | 77412 |
| &nbsp;&nbsp;&nbsp;ServiceNow\* | 2755 | 2527602 |
| &nbsp;&nbsp;&nbsp;SPS Commerce\* | 590 | 65077 |
| &nbsp;&nbsp;&nbsp;Ubiquiti | 58 | 30632 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;19955197 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $54,992,155) |  | 64430783 |

---

**ETC 6 Meridian**

**Quality Growth ETF**

Schedule of Investments

August 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **SHORT-TERM INVESTMENT — 0.4%** | **SHORT-TERM INVESTMENT — 0.4%** | **SHORT-TERM INVESTMENT — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.21%<sup>(A)</sup> | 258792 | $258792 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $258,792) |  | 258792 |
| Total Investments - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $55,250,947) |  | $&nbsp;&nbsp;&nbsp;&nbsp;64689575 |

---

Percentages are based on Net Assets of $64,684,409.

†† Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. <br> \* Non-income producing security. <br> (A) The rate shown is the 7-day effective yield as of August 31, 2025.

Cl — Class <br> PLC — Public Limited Company

MER-QH-001-1100

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EXCHANGE TRADED CONCEPTS TRUST

- **b. Investment Company Act file number:** 811-22263

- **c. CIK number of Registrant:** 0001452937

- **d. LEI of Registrant:** 549300TXJW88BSB0KL90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 10900 HEFNER POINTE DRIVE

  - **City:** OKLAHOMA CITY

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 4057788377

**Item A.2. Information about the Series.**

- **a. Name of Series:** ETC 6 Meridian Small Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000068545

- **c. LEI of Series:** 5493000VD2P95N3QO780

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $106544365.74

**Total Liabilities:** $61637.44

**Net Assets:** $106482728.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219255 | 7.43%                | 1.43%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $6983779.25                                |
| Month 2  | $0.00                    | $1366164.65                                |
| Month 3  | $0.00                    | $1203242.37                                |

### Schedule of Portfolio Investments

| Name                                         | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dorian LPG Ltd.                              | DORIAN LPG LTD COMMON STOCK                 | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               |  | US        |    110280 | NS      | $3526754.40   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN STATES WATER COMPANY                | AMERICAN STATES WATER CO COMMON STOCK       | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               |  | US        |     14139 | NS      | $1053779.67   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTU FINANCIAL, INC.                        | VIRTU FINANCIAL INC-CLASS A COMMON STOCK    | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               |  | US        |     30220 | NS      | $1266822.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PERDOCEO EDUCATION CORPORATION               | PERDOCEO EDUCATION CORP COMMON STOCK        | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               |  | US        |     42717 | NS      | $1398554.58   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                        | CAL-MAINE FOODS INC COMMON STOCK            | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               |  | US        |     26158 | NS      | $3024911.12   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPLOYERS HOLDINGS, INC.                     | EMPLOYERS HOLDINGS INC COMMON STOCK         | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               |  | US        |     21825 | NS      | $944149.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDRICK & STRUGGLES INTERNATIONAL, INC.     | HEIDRICK & STRUGGLES INTL COMMON STOCK      | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               |  | US        |     24288 | NS      | $1234073.28   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP.           | MADISON SQUARE GARDEN SPORTS COMMON STOCK   | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               |  | US        |      5472 | NS      | $1082580.48   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC TECHNOLOGY COMPANY                       | DXC TECHNOLOGY CO COMMON STOCK              | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               |  | US        |     60162 | NS      | $869340.90    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION                   | ADDUS HOMECARE CORP COMMON STOCK            | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               |  | US        |     11394 | NS      | $1312246.98   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                 | FRESH DEL MONTE PRODUCE INC COMMON STOCK    | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               |  | US        |     36550 | NS      | $1326034.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC PROPERTIES, INC.                         | LTC PROPERTIES INC REIT                     | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |     30508 | NS      | $1113542.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III APPAREL GROUP, LTD.                    | G-III APPAREL GROUP LTD COMMON STOCK        | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               |  | US        |     42717 | NS      | $1153359.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                 | PROTAGONIST THERAPEUTICS INC COMMON STOCK   | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               |  | US        |     28507 | NS      | $1683338.35   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL GARDEN & PET COMPANY                 | CENTRAL GARDEN & PET CO COMMON STOCK        | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               |  | US        |     30626 | NS      | $1115705.18   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERSPACE                                  | CENTERSPACE REIT                            | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |     16927 | NS      | $1007156.50   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                           | INTERDIGITAL INC COMMON STOCK               | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               |  | US        |      5366 | NS      | $1457995.86   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                  | INTERNATIONAL SEAWAYS INC COMMON STOCK      | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               |  | US        |     65467 | NS      | $2973511.14   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                    | BOX INC - CLASS A COMMON STOCK              | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               |  | US        |     33840 | NS      | $1104199.20   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TREEHOUSE FOODS, INC.                        | TREEHOUSE FOODS INC COMMON STOCK            | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               |  | US        |     36140 | NS      | $662807.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| REX AMERICAN RESOURCES CORPORATION           | REX AMERICAN RESOURCES CORP COMMON STOCK    | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               |  | US        |     29882 | NS      | $1869716.74   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.               | BREAD FINANCIAL HOLDINGS INC COMMON STOCK   | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               |  | US        |     21526 | NS      | $1424805.94   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN B. SANFILIPPO & SON, INC.               | JOHN B. SANFILIPPO & SON INC COMMON STOCK   | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               |  | US        |     15344 | NS      | $995825.60    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                | ORGANON & CO COMMON STOCK                   | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |     75858 | NS      | $714582.36    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOKE ENERGY, INC.                         | SUNCOKE ENERGY INC COMMON STOCK             | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               |  | US        |    122066 | NS      | $942349.52    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                            | SM ENERGY CO COMMON STOCK                   | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               |  | US        |     39831 | NS      | $1137175.05   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PREMIER, INC.                                | PREMIER INC-CLASS A COMMON STOCK            | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               |  | US        |     62780 | NS      | $1626002.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EPLUS INC.                                   | EPLUS INC COMMON STOCK                      | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               |  | US        |     17037 | NS      | $1232967.69   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | STIT GOVT & AGENCY INST CLASS INSTITUTIONAL | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             |  | US        |    552246 | PA      | $552245.91    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O AMERICA                                  | H2O AMERICA COMMON STOCK                    | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               |  | US        |     20229 | NS      | $1018934.73   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.           | HARMONY BIOSCIENCES HOLDINGS COMMON STOCK   | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               |  | US        |     32486 | NS      | $1198408.54   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW INC.                                    | DNOW INC COMMON STOCK                       | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               |  | US        |     72448 | NS      | $1159168.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ANDERSONS, INC                           | ANDERSONS INC/THE COMMON STOCK              | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               |  | US        |     26477 | NS      | $1082909.30   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOTRONICS, INC.                             | PHOTRONICS INC COMMON STOCK                 | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               |  | US        |     52422 | NS      | $1188406.74   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J SNACK FOODS CORP.                      | J & J SNACK FOODS CORP COMMON STOCK         | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               |  | US        |      8142 | NS      | $908402.94    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SIMPLY GOOD FOODS COMPANY                | SIMPLY GOOD FOODS CO/THE COMMON STOCK       | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               |  | US        |     30946 | NS      | $885983.98    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, INC                               | AMERISAFE INC COMMON STOCK                  | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               |  | US        |     21571 | NS      | $996148.78    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                  | SALLY BEAUTY HOLDINGS INC COMMON STOCK      | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               |  | US        |    123858 | NS      | $1716671.88   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.       | ARTISAN PARTNERS ASSET MA -A COMMON STOCK   | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               |  | US        |     26109 | NS      | $1221640.11   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BEVERAGE CORP.                      | NATIONAL BEVERAGE CORP COMMON STOCK         | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               |  | US        |     27017 | NS      | $1136064.85   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE CONSUMER HEALTHCARE INC.            | PRESTIGE CONSUMER HEALTHCARE COMMON STOCK   | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               |  | US        |     12822 | NS      | $872408.88    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. | AMERICAN AXLE & MFG HOLDINGS COMMON STOCK   | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               |  | US        |    234722 | NS      | $1366082.04   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ENOVA INTERNATIONAL, INC.                    | ENOVA INTERNATIONAL INC COMMON STOCK        | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               |  | US        |     11369 | NS      | $1379059.70   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAVAX TECHNOLOGIES CORPORATION             | DYNAVAX TECHNOLOGIES CORP COMMON STOCK      | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               |  | US        |     78240 | NS      | $791788.80    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 COMPANY                                | WD-40 CO COMMON STOCK                       | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               |  | US        |      4556 | NS      | $984278.24    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUS INVESTMENT PARTNERS, INC.             | VIRTUS INVESTMENT PARTNERS COMMON STOCK     | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               |  | US        |      6056 | NS      | $1219860.08   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI GROUP, INC.                              | HCI GROUP INC COMMON STOCK                  | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               |  | US        |     16046 | NS      | $2675028.66   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                           | AVISTA CORP COMMON STOCK                    | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               |  | US        |     27757 | NS      | $1014240.78   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                   | MATSON INC COMMON STOCK                     | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               |  | US        |      7965 | NS      | $828758.25    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.               | COLLEGIUM PHARMACEUTICAL INC COMMON STOCK   | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               |  | US        |     38501 | NS      | $1493838.80   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GETTY REALTY CORP.                           | GETTY REALTY CORP REIT                      | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |     35201 | NS      | $1006396.59   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N-ABLE, INC.                                 | N-ABLE INC COMMON STOCK                     | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               |  | US        |    148128 | NS      | $1193911.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                        | CLEARWAY ENERGY INC-C COMMON STOCK          | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               |  | US        |     40269 | NS      | $1200418.89   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SCANSOURCE, INC.                             | SCANSOURCE INC COMMON STOCK                 | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               |  | US        |     30893 | NS      | $1348479.45   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, INC.                                    | RPC INC COMMON STOCK                        | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               |  | US        |    211613 | NS      | $1009394.01   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                             | ELME COMMUNITIES REIT                       | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               |  | US        |     63214 | NS      | $1079695.12   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIT MEDICAL SYSTEMS, INC.                  | MERIT MEDICAL SYSTEMS INC COMMON STOCK      | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               |  | US        |     10453 | NS      | $946414.62    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                     | ENERGIZER HOLDINGS INC COMMON STOCK         | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               |  | US        |     36808 | NS      | $1014428.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTIS CORPORATION                           | VESTIS CORP COMMON STOCK                    | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               |  | US        |     97088 | NS      | $454371.84    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company               | EDGEWELL PERSONAL CARE CO COMMON STOCK      | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               |  | US        |     35393 | NS      | $850139.86    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA WATER SERVICE GROUP               | CALIFORNIA WATER SERVICE GRP COMMON STOCK   | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               |  | US        |     23495 | NS      | $1102620.35   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                       | TRI POINTE HOMES INC COMMON STOCK           | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               |  | US        |     34435 | NS      | $1216588.55   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA, INC.                               | INNOVIVA INC COMMON STOCK                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               |  | US        |    125060 | NS      | $2554975.80   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORPORATION                | PROGRESS SOFTWARE CORP COMMON STOCK         | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               |  | US        |     19608 | NS      | $907654.32    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, INC.                                 | EZCORP INC-CL A COMMON STOCK                | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               |  | US        |    165713 | NS      | $2762435.71   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOE CARNIVAL, INC.                          | SHOE CARNIVAL INC COMMON STOCK              | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               |  | US        |     51414 | NS      | $1074552.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOS FINANCIAL, INC.                         | AXOS FINANCIAL INC COMMON STOCK             | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               |  | US        |     17012 | NS      | $1551664.52   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.            | FOUR CORNERS PROPERTY TRUST REIT            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     37849 | NS      | $979910.61    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES, INC.                              | M/I HOMES INC COMMON STOCK                  | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               |  | US        |      9199 | NS      | $1354644.74   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURED GUARANTY LTD.                        | ASSURED GUARANTY LTD COMMON STOCK           | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               |  | US        |     25395 | NS      | $2087469.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| STURM, RUGER & COMPANY, INC.                 | STURM RUGER & CO INC COMMON STOCK           | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               |  | US        |     27763 | NS      | $962543.21    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WK KELLOGG CO                                | WK KELLOGG CO COMMON STOCK                  | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               |  | US        |     57329 | NS      | $1313980.68   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD ACCEPTANCE CORPORATION                 | WORLD ACCEPTANCE CORP COMMON STOCK          | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               |  | US        |      8639 | NS      | $1480983.77   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc                           | PROG HOLDINGS INC COMMON STOCK              | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               |  | US        |     40749 | NS      | $1435994.76   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORPORATION               | MAGNOLIA OIL & GAS CORP - A COMMON STOCK    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               |  | US        |     48566 | NS      | $1208322.08   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SPARTANNASH COMPANY                          | SPARTANNASH CO COMMON STOCK                 | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               |  | US        |     56126 | NS      | $1504176.80   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TOOTSIE ROLL INDUSTRIES, INC.                | TOOTSIE ROLL INDS COMMON STOCK              | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               |  | US        |     35075 | NS      | $1410378.22   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC.                                   | TEGNA INC COMMON STOCK                      | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               |  | US        |     63396 | NS      | $1343995.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                  | INSPIRE MEDICAL SYSTEMS INC COMMON STOCK    | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               |  | US        |      6221 | NS      | $582845.49    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SYLVAMO CORPORATION                          | SYLVAMO CORP COMMON STOCK                   | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               |  | US        |     15841 | NS      | $730745.33    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                             | BUCKLE INC/THE COMMON STOCK                 | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               |  | US        |     29020 | NS      | $1642241.80   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIAN ASSET MANAGEMENT INC.                | ACADIAN ASSET MANAGEMENT INC COMMON STOCK   | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               |  | US        |     46290 | NS      | $2359401.30   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** EXCHANGE TRADED CONCEPTS TRUST

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO