# EDGAR Filing Document

**Accession Number:** 0001467831
**File Stem:** 0001145549-23-008861
**Filing Date:** 2023-2
**Character Count:** 39794
**Document Hash:** 926f1e1bb6b478cb53e6ceabf28b6015
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008861.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008861

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Managers Trust
- **CENTRAL INDEX KEY:** 0001467831
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22310
- **FILM NUMBER:** 23660935

**BUSINESS ADDRESS:**
- **STREET 1:** 30 MAPLE STREET
- **STREET 2:** SUITE 2
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901
- **BUSINESS PHONE:** (908) 897-0513

**MAIL ADDRESS:**
- **STREET 1:** 30 MAPLE STREET
- **STREET 2:** SUITE 2
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FactorShares Trust
- **DATE OF NAME CHANGE:** 20090929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FactorETF Trust
- **DATE OF NAME CHANGE:** 20090707

## Series and Classes Contracts Data

### ETFMG Prime Junior Silver Miners ETF (Series ID: S000038223)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000117864 | ETFMG Prime Junior Silver Miners ETF | SILJ            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ETFMG Prime Junior Silver Miners ETF** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 99.7%** | | |
| **Australia - 0.4%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 0.4% (d)** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kingsgate Consolidated, Ltd. (a) | 2522017 | $2962029 |
| **Canada - 80.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 80.7% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbraSilver Resource Corp. (a) | 15909738 | 4112561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas Gold & Silver Corp. (a)(e) | 6628494 | 3769528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Andean Precious Metals Corp. (a)(e) | 5167214 | 4236047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Mining Corp. | 1505706 | 3725343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascot Resources, Ltd. (a) | 4852782 | 1863698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aya Gold & Silver, Inc. (a) | 3402978 | 22669765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bear Creek Mining Corp. (a) | 4482213 | 2499314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benchmark Metals, Inc. (a)(e) | 2376969 | 693429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada Silver Cobalt Works, Inc. (a) | 2460218 | 145360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capstone Copper Corp. (a) | 7612008 | 27772023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coppernico Metals, Inc. (a)(b) | 585867 | 121245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discovery Silver Corp. NPV (a) | 11178580 | 11310675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dolly Varden Silver Corp. (a) | 7148790 | 4751781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dundee Precious Metals, Inc. | 2118060 | 10183582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eldorado Gold Corp. (a) | 1934325 | 16128899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Endeavour Silver Corp. (a) | 6283402 | 20358222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excellon Resources, Inc. (a) | 1335272 | 433914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Majestic Silver Corp. | 11223769 | 93606233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortuna Silver Mines, Inc. (a) | 3250223 | 12218342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GoGold Resources, Inc. (a) | 9885458 | 15843016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudbay Minerals, Inc. | 2913321 | 14717220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kootenay Resources, Inc. (a)(b) | 224973 | 1661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kootenay Silver, Inc. (a) | 12346947 | 1459019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Gold Corp. (a) | 3351756 | 1386251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAG Silver Corp. (a) | 3528920 | 55123086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mandalay Resources Corp. (a) | 997544 | 2232318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metalla Royalty & Streaming, Ltd. (a) | 503608 | 2451091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minaurum Gold, Inc. (a) | 3818014 | 507565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mirasol Resources, Ltd. (a) | 536583 | 265517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Gold, Inc. (a) | 7458989 | 7326776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Pacific Metals Corp. (a) | 1723142 | 3817892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orla Mining, Ltd. (a) | 3267959 | 13226304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pan American Silver Corp. | 2350103 | 38358402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabina Gold & Silver Corp. (a) | 6070709 | 5963104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seabridge Gold, Inc. (a) | 885936 | 11123273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sierra Metals, Inc. (a) | 1838195 | 325825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Silvercorp Metals, Inc. | 5762064 | 16937234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SilverCrest Metals, Inc. (a) | 4936118 | 29529214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSR Mining, Inc. | 2338834 | 36602579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summa Silver Corp. (a) | 2540204 | 1500859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trevali Mining Corp. (a)(b) | 967999 | – |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yamana Gold, Inc. | 12941432 | 71824948 |
| &nbsp;&nbsp;&nbsp; Total Metals & Mining |  | 571123115 |
| **Luxembourg - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 1.3% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexa Resources SA | 1509692 | 9103443 |
| **Peru - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 2.1% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura SAA - ADR | 1977346 | 14731228 |
| **South Africa - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 3.6% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harmony Gold Mining Co., Ltd. - ADR | 7474671 | 25413881 |
| **United Kingdom - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 0.7% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hochschild Mining PLC | 5766623 | 4897544 |
| **United States - 10.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 10.8% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coeur Mining, Inc. (a) | 3209595 | 10784239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gatos Silver, Inc. (a) | 2364239 | 9669737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold Resource Corp. | 1009905 | 1545155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Minerals Co. (a)(e) | 5740079 | 1575078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hecla Mining Co. | 6648091 | 36963386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivanhoe Electric, Inc. (a) | 1058847 | 12864991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McEwen Mining, Inc. (a) | 541840 | 3175182 |
| &nbsp;&nbsp;&nbsp; Total Metals & Mining |  | 76577768 |
| **Virgin Islands (UK) - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 0.1% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sailfish Royalty Corp. (e) | 764842 | 621364 |
| TOTAL COMMON STOCKS (Cost $829,593,028) |  | 705430372 |
| **SHORT-TERM INVESTMENTS - 0.5%** |  |  |
| **Money Market Funds - 0.5%** |  |  |
| First American Government Obligations Fund - Class X, 4.08% (c) | 3187160 | 3187160 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,187,160) |  | 3187160 |
| **Total Investments (Cost $832,780,188) - 100.2%** |  | 708617532 |
| **Liabilities in Excess of Other Assets - (0.2)%** |  | (1310780) |
| **TOTAL NET ASSETS - 100.0%** |  | $707306752 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| (a) | Non-income producing security. |
| (b) | Value determined based on estimated fair value. The value of this security totals $122,906, which represents 0.02% of total net assets. Classified as Level 3 in the fair value hierarchy. |
| (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 Metals & Mining Industry. |
| (e) | These securities have been deemed illiquid according to the Fund's liquidity guidelines. The value of these securities total $10,895,446, which represents 1.54% of total net assets. |
| The Global Industry Classification Standard (GICS<sup>®)</sup> 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 Global Industry Classification Standard (GICS<sup>®)</sup> 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. | 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"). | 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.<br>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.<br>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: | **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.<br>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.<br>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.<br>|
| 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.<br>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.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: | 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.<br>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.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SILJ** | | | | |
| <u>Assets^</u> | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $705041949 | $265517 | $122906<br><sup>(1)</sup> | $705430372 |
| Short-Term Investments | 3187160 | - | - | 3187160 |
| Total Investments in Securities | $708229109 | $265517 | $122906 | $708617532 |

---

---

| |
|:---|
| <sup>(1)</sup> 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 |
| &nbsp;&nbsp;&nbsp;&nbsp; categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value |
| &nbsp;&nbsp;&nbsp;&nbsp; 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. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Managers Trust

- **b. Investment Company Act file number:** 811-22310

- **c. CIK number of Registrant:** 0001467831

- **d. LEI of Registrant:** 549300K4RW5UJ3CZL626

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

  - **Street Address 1:** 30 Maple Street

  - **City:** Summit

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07901

  - **Telephone number:** 908-897-0513

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

- **a. Name of Series:** ETFMG Prime Junior Silver Miners ETF

- **b. EDGAR series identifier (if any):** S000038223

- **c. LEI of Series:** 549300EBABEX74G4MX52

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $709564425.49

**Total Liabilities:** $2256005.69

**Net Assets:** $707308419.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000117864 | 1.61%                | 16.36%               | -2.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20364.74               | $10026717.43                               |
| Month 2  | $494246.53               | $100968178.89                              |
| Month 3  | $-4274489.88             | $-13064075.87                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orla Mining Ltd                | Orla Mining Ltd                            | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |   3267959 | NS      | $13226303.78  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexa Resources SA              | Nexa Resources SA                          | CUSIP: N/A<br>LEI: 549300QRMRHM7GAU7L47       | Long             | EC               | CORP              | BR        |   1509692 | NS      | $9103442.76   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc               | Coeur Mining Inc                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   3209595 | NS      | $10784239.20  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Minas Buenaventura SAA  | Cia de Minas Buenaventura SAA              | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |   1977346 | NS      | $14731227.70  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascot Resources Ltd            | Ascot Resources Ltd                        | CUSIP: 04364G106<br>LEI: 98450093855CEDA61B27 | Long             | EC               | CORP              | CA        |   4852782 | NS      | $1863697.67   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc             | Seabridge Gold Inc                         | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |    885936 | NS      | $11123273.26  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Silver Mines Inc       | Fortuna Silver Mines Inc                   | CUSIP: 349915108<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |   3250223 | NS      | $12218342.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bear Creek Mining Corp         | Bear Creek Mining Corp                     | CUSIP: 07380N104<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               | CORP              | CA        |   4482213 | NS      | $2499313.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MAG Silver Corp                | MAG Silver Corp                            | CUSIP: 55903Q104<br>LEI: 254900LGL904N7F3EL14 | Long             | EC               | CORP              | CA        |   3528920 | NS      | $55123085.67  | 7.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp       | Pan American Silver Corp                   | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |   2350103 | NS      | $38358401.99  | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabina Gold & Silver Corp      | Sabina Gold & Silver Corp                  | CUSIP: 785246109<br>LEI: 529900MU3GT5P0ZH7V65 | Long             | EC               | CORP              | CA        |   6070709 | NS      | $5963104.11   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc          | Silvercorp Metals Inc                      | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |   5762064 | NS      | $16937233.91  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                   | New Gold Inc                               | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |   7458989 | NS      | $7326776.49   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Resources Inc         | Kootenay Resources Inc                     | CUSIP: 50058V107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    224973 | NS      | $1661.54      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Endeavour Silver Corp          | Endeavour Silver Corp                      | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |   6283402 | NS      | $20358222.48  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3568051 | NS      | $3568050.98   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp     | First Majestic Silver Corp                 | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |  11223769 | NS      | $93606233.46  | 13.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Gatos Silver Inc               | Gatos Silver Inc                           | CUSIP: 368036109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2364239 | NS      | $9669737.51   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Resource Corp             | Gold Resource Corp                         | CUSIP: 38068T105<br>LEI: 5299006MQBYLDAOI2D32 | Long             | EC               | CORP              | US        |   1009905 | NS      | $1545154.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Minerals Co             | Golden Minerals Co                         | CUSIP: 381119106<br>LEI: 549300TD2D80BUC2N396 | Long             | EC               | CORP              | US        |   5740079 | NS      | $1575077.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd     | Harmony Gold Mining Co Ltd                 | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |   7474671 | NS      | $25413881.40  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                | Hecla Mining Co                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |   6648091 | NS      | $36963385.96  | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US      | Ivanhoe Electric Inc / US                  | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1058847 | NS      | $12864991.05  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| McEwen Mining Inc              | McEwen Mining Inc                          | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Long             | EC               | CORP              | CA        |    541840 | NS      | $3175182.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsgate Consolidated Ltd     | Kingsgate Consolidated Ltd                 | CUSIP: Q5318K103<br>LEI: 529900B1W7D8DLEC7178 | Long             | EC               | CORP              | AU        |   2522017 | NS      | $2962028.48   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamana Gold Inc                | Yamana Gold Inc                            | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |  12941432 | NS      | $71824947.60  | 10.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc     | Dundee Precious Metals Inc                 | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |   2118060 | NS      | $10183582.42  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc            | Hudbay Minerals Inc                        | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |   2913321 | NS      | $14717219.82  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirasol Resources Ltd          | Mirasol Resources Ltd                      | CUSIP: 604680108<br>LEI: 529900W0AOJ08CM3DI31 | Long             | EC               | CORP              | CA        |    536583 | NS      | $265517.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hochschild Mining PLC          | Hochschild Mining PLC                      | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | PE        |   5766623 | NS      | $4897544.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Minaurum Gold Inc              | Minaurum Gold Inc                          | CUSIP: 60252Q101<br>LEI: 5299007YUI5DADC64V51 | Long             | EC               | CORP              | CA        |   3818014 | NS      | $507564.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GoGold Resources Inc           | GoGold Resources Inc                       | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |   9885458 | NS      | $15843016.14  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Metals Inc              | Sierra Metals Inc                          | CUSIP: 82639W106<br>LEI: 9676001YCHZE7AT8VA50 | Long             | EC               | CORP              | CA        |   1838195 | NS      | $325824.82    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Silver Cobalt Works Inc | Canada Silver Cobalt Works Inc             | CUSIP: 134852102<br>LEI: 529900SYS42RULVPDW30 | Long             | EC               | CORP              | CA        |   2460218 | NS      | $145360.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sailfish Royalty Corp          | Sailfish Royalty Corp                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |    764842 | NS      | $621363.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Gold Corp              | Liberty Gold Corp                          | CUSIP: 53056H104<br>LEI: 549300DY25855R7ZV117 | Long             | EC               | CORP              | CA        |   3351756 | NS      | $1386250.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                 | SSR Mining Inc                             | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |   2338834 | NS      | $36602579.36  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Metals Inc           | Benchmark Metals Inc                       | CUSIP: 08162A104<br>LEI: 529900EDQ993Q6M6BH62 | Long             | EC               | CORP              | CA        |   2376969 | NS      | $693428.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp             | Eldorado Gold Corp                         | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |   1934325 | NS      | $16128899.00  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Summa Silver Corp              | Summa Silver Corp                          | CUSIP: 86565E105<br>LEI: 984500F11B6A5F46A744 | Long             | EC               | CORP              | CA        |   2540204 | NS      | $1500859.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mandalay Resources Corp        | Mandalay Resources Corp                    | CUSIP: 562568402<br>LEI: 549300NNKLN6ALO51Z90 | Long             | EC               | CORP              | CA        |    997544 | NS      | $2232317.81   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp    | Americas Gold & Silver Corp                | CUSIP: 03062D100<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |   6628494 | NS      | $3769527.61   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc          | Aya Gold & Silver Inc                      | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |   3402978 | NS      | $22669764.82  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalla Royalty & Streaming Lt | Metalla Royalty & Streaming Ltd            | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |    503608 | NS      | $2451090.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMBRERO RES INC NPV           | SOMBRERO RES INC NPV                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    585867 | NS      | $121244.61    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| New Pacific Metals Corp        | New Pacific Metals Corp                    | CUSIP: 64782A107<br>LEI: 549300TC0CSHP59S8103 | Long             | EC               | CORP              | CA        |   1723142 | NS      | $3817892.17   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Excellon Resources Inc         | Excellon Resources Inc                     | CUSIP: 30069C801<br>LEI: 549300TCL7Q34YGPQ182 | Long             | EC               | CORP              | CA        |   1335272 | NS      | $433914.09    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp           | Capstone Copper Corp                       | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |   7612008 | NS      | $27772023.28  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AbraSilver Resource Corp       | AbraSilver Resource Corp                   | CUSIP: 00379L106<br>LEI: 254900WR30BQ8MPSYU80 | Long             | EC               | CORP              | CA        |  15909738 | NS      | $4112561.52   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp          | Discovery Silver Corp                      | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |  11178580 | NS      | $11310675.48  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Precious Metals Corp    | Andean Precious Metals Corp                | CUSIP: 03349X101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   5167214 | NS      | $4236046.93   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Silver Inc            | Kootenay Silver Inc                        | CUSIP: 500583703<br>LEI: 529900HM3U0AXDDZPG82 | Long             | EC               | CORP              | CA        |  12346947 | NS      | $1459018.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Trevali Mining Corp            | Trevali Mining Corp                        | CUSIP: 89531J786<br>LEI: 5493002WHMZNAEQSTU97 | Long             | EC               | CORP              | CA        |    967999 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aris Mining Corp               | Aris Mining Corp                           | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |   1505706 | NS      | $3725343.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolly Varden Silver Corp       | Dolly Varden Silver Corp                   | CUSIP: 256827205<br>LEI: 2549007A2MNBXFD0FU11 | Long             | EC               | CORP              | CA        |   7148790 | NS      | $4751780.65   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverCrest Metals Inc         | SilverCrest Metals Inc                     | CUSIP: 828363101<br>LEI: 549300M4CUMXUHSXYQ10 | Long             | EC               | CORP              | CA        |   4936118 | NS      | $29529214.03  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** ETF Managers Trust

**Signature:** /s/ John Flanagan

**Name of Signer:** John Flanagan

**Title:** Chief Financial Officer