# EDGAR Filing Document

**Accession Number:** 0001467831
**File Stem:** 0001145549-23-008872
**Filing Date:** 2023-2
**Character Count:** 44012
**Document Hash:** 2825046b746a82b9ed2b50757eab2863
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008872.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008872

**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:** 23660966

**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 Cyber Security ETF (Series ID: S000047480)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000149086 | ETFMG Prime Cyber Security ETF | HACK            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ETFMG Prime Cyber Security ETF** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 99.3%** | | |
| **Canada - 1.0%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 1.0% (d)** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Absolute Software Corp. | 281122 | $2935794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackBerry, Ltd. (a)(b) | 3091040 | 10067567 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 13003361 |
| **Cayman Islands - 0.0% (f)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.0% (d)(f)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arqit Quantum, Inc. (a)(b) | 135263 | 488299 |
| **Finland - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.2% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F-Secure Oyj (a) | 604270 | 1830553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WithSecure Oyj (a) | 594585 | 873875 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 2704428 |
| **Germany - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Secunet Security Networks AG | 8521 | 1791418 |
| **Isle Of Man - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.2% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kape Technologies PLC (a) | 881607 | 2931016 |
| **Israel - 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communications Equipment - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radware, Ltd. (a) | 197398 | 3898611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 6.7% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allot Communications, Ltd. (a)(b) | 193135 | 664384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check Point Software Technologies, Ltd. (a) | 495345 | 62492725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cognyte Software, Ltd. (a) | 360186 | 1120179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CyberArk Software, Ltd. (a) | 217673 | 28221304 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 92498592 |
| Total Israel |  | 96397203 |
| **Japan - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 1.6% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cyber Security Cloud, Inc. (a) | 29628 | 386491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Arts, Inc. | 44892 | 1905276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trend Micro, Inc. | 412132 | 19281397 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 21573164 |
| **Sweden - 0.0% (f)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components - 0.0% (f)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fingerprint Cards AB - Class B (a)(b) | 1782002 | 500710 |
| **United Kingdom - 6.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense - 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAE Systems PLC | 6672288 | 69049259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QinetiQ Group PLC | 2748158 | 11860975 |
| &nbsp;&nbsp;&nbsp; Total Aerospace & Defense |  | 80910234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCC Group PLC | 1636741 | 3957495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.3% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Darktrace PLC (a) | 1416816 | 4431190 |
| Total United Kingdom |  | 89298919 |
| **United States - 82.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parsons Corp. (a)(b) | 557841 | 25800146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communications Equipment - 12.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | 1333130 | 63510313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F5 Networks, Inc. (a) | 325716 | 46743503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Juniper Networks, Inc. | 1739072 | 55580741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NetScout Systems, Inc. (a)(b) | 376376 | 12235984 |
| &nbsp;&nbsp;&nbsp; Total Communications Equipment |  | 178070541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 17.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akamai Technologies, Inc. (a)(b) | 699754 | 58989262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Cyber Sentinel Corp. (a) | 313606 | 799695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloudflare, Inc. - Class A (a)(b) | 1344836 | 60800036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Okta, Inc. (a)(b) | 816811 | 55812696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. (a) | 325577 | 66886539 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 243288228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Professional Services - 14.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp. | 623367 | 65154319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. - Class A (a) | 125582 | 37748693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. | 607564 | 63909657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Science Applications International Corp. | 297541 | 33006223 |
| &nbsp;&nbsp;&nbsp; Total Professional Services |  | 199818892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 35.8% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A10 Networks, Inc. (b) | 366853 | 6100765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommVault Systems, Inc. (a) | 239286 | 15036732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. - Class A (a) | 537509 | 56594323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Everbridge, Inc. (a)(b) | 213749 | 6322695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ForgeRock, Inc. - Class A (a)(b) | 225319 | 5130514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortinet, Inc. (a)(b) | 1202770 | 58803425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. | 2803728 | 60083891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KnowBe4, Inc. - Class A (a) | 438696 | 10870887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LiveRamp Holdings, Inc. (a)(b) | 349853 | 8200554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N-able, Inc. (a)(b) | 326443 | 3355834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneSpan, Inc. (a)(b) | 189885 | 2124813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc. (a)(b) | 373505 | 52118888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qualys, Inc. (a)(b) | 185926 | 20866475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rapid7, Inc. (a)(b) | 316394 | 10751068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SecureWorks Corp. - Class A (a)(b) | 51700 | 330363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SentinelOne, Inc. - Class A (a)(b) | 1095955 | 15989984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SolarWinds Corp. (a)(b) | 221608 | 2074251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Splunk, Inc. (a) | 728202 | 62690910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sumo Logic, Inc. (a) | 606740 | 4914594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telos Corp. (a) | 225546 | 1148029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenable Holdings, Inc. (a) | 601292 | 22939290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Varonis Systems, Inc. (a)(b) | 588725 | 14094077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZeroFox Holdings, Inc. (a)(b) | 439819 | 2190299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zscaler, Inc. (a)(b) | 461212 | 51609623 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 494342284 |
| Total United States |  | 1141320091 |
| TOTAL COMMON STOCKS (Cost $1,635,296,724) |  | 1370008609 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 14.0%** |  |  |
| ETFMG Sit Ultra Short ETF (e) | 850000 | 41089000 |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.49% (c) | 151366162 | 151366162 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $193,700,314) |  | 192455162 |
| **SHORT-TERM INVESTMENTS - 0.7%** |  |  |
| **Money Market Funds - 0.7%** |  |  |
| First American Government Obligations Fund - Class X, 4.08% (c) | 9994937 | 9994937 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $9,994,937) |  | 9994937 |
| **Total Investments (Cost $1,838,991,975) - 114.0%** |  | 1572458708 |
| **Liabilities in Excess of Other Assets - (14.0)%** |  | (192667261) |
| **TOTAL NET ASSETS - 100.0%** |  | $1379791447 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| | |
|:---|:---|
| PLC | Public Limited Company |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was out on loan at December 31, 2022. |
| (c) | The rate shown is the annualized seven-day yield at period end. |
| (d) | As of December 31, 2022 the Fund had a significant portion of its assets in the Software Industry. |
| (e) | Affiliated security. A schedule of the Fund's investments in securities of affiliated issuers held during the period ended December 31, 2022 is set forth below. |
| (f) | Amount is less than 0.05%. |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Value at <br> September 30, <br> 2022 | Purchases | Sales | Net Realized Gain <br> (Losses) | Net Change in <br> Unrealized <br> Appreciation <br> (Depreciation) | Dividend <br> Income | Value at <br> December 31, <br> 2022 | Ending Shares |
| ETFMG Sit Ultra Short ETF | $40863750 | $- | $- | $- | $225250 | &nbsp;&nbsp;&nbsp;&nbsp;$- | $41089000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850000 |

---

---

| |
|:---|
| 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. |

---

------

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: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **HACK** | | | | |
| <u>Assets^</u> | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $1370008609 | $- | $- | $1370008609 |
| Short-Term Investments | 9994937 | - | - | 9994937 |
| ETFMG Sit Ultra Short ETF\*\* | 41089000 | - | - | 41089000 |
| Investments Purchased with Securities Lending Collateral\* | - | - | - | 151366162 |
| Total Investments in Securities | $1421092546 | $- | $- | $1572458708 |

---

---

| |
|:---|
| <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 Cyber Security ETF

- **b. EDGAR series identifier (if any):** S000047480

- **c. LEI of Series:** 5493004MXR6Z3HXGJ429

**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:** $1625131991.97

**Total Liabilities:** $245314320.58

**Net Assets:** $1379817671.39

**Cash Not Reported:** $6687975.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000149086 | 8.40%                | -2.18%               | -4.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6541101.64              | $111398826.32                              |
| Month 2  | $2678813.94              | $-37052377.56                              |
| Month 3  | $-1848065.70             | $-57251895.77                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A10 Networks Inc                          | A10 Networks Inc                           | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    366853 | NS      | $6100765.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Akamai Technologies Inc                   | Akamai Technologies Inc                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    699754 | NS      | $58989262.20  | 4.28%             |  |  |  | No            |                  1 | On Loan: —       |
| BAE Systems PLC                           | BAE Systems PLC                            | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   6672288 | NS      | $69049259.25  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co            | Booz Allen Hamilton Holding Corp           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    623367 | NS      | $65154318.84  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                    | CACI International Inc                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |    125582 | NS      | $37748693.38  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus Cyber Sentinel Corp              | Cerberus Cyber Sentinel Corp               | CUSIP: 15672X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    313606 | NS      | $799695.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   1333130 | NS      | $63510313.20  | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |   1344836 | NS      | $60800035.56  | 4.41%             |  |  |  | No            |                  1 | On Loan: —       |
| CommVault Systems Inc                     | CommVault Systems Inc                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |    239286 | NS      | $15036732.24  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    537509 | NS      | $56594322.61  | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Absolute Software Corp                    | Absolute Software Corp                     | CUSIP: 00386B109<br>LEI: 549300I8AXWGBEESC731 | Long             | EC               | CORP              | CA        |    281122 | NS      | $2935794.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ETFMG Sit Ultra Short ETF                 | ETFMG Sit Ultra Short ETF                  | CUSIP: 26924G789<br>LEI: N/A                  | Long             | EC               | RF                | US        |  41939000 | NS      | $82178000.00  | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Everbridge Inc                            | Everbridge Inc                             | CUSIP: 29978A104<br>LEI: 549300WCY0UMR64ATW81 | Long             | EC               | CORP              | US        |    213749 | NS      | $6322695.42   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| F5 Inc                                    | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    325716 | NS      | $46743503.16  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  11906350 | NS      | $11906349.56  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ForgeRock Inc                             | ForgeRock Inc                              | CUSIP: 34631B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225319 | NS      | $5130513.63   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortinet Inc                              | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |   1202770 | NS      | $58803425.30  | 4.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Juniper Networks Inc                      | Juniper Networks Inc                       | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |   1739072 | NS      | $55580741.12  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KnowBe4 Inc                               | KnowBe4 Inc                                | CUSIP: 49926T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    438696 | NS      | $10870886.88  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                       | Leidos Holdings Inc                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |    607564 | NS      | $63909657.16  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                     | LiveRamp Holdings Inc                      | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    349853 | NS      | $8200554.32   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Secunet Security Networks AG              | Secunet Security Networks AG               | CUSIP: N/A<br>LEI: 391200N3TQNVUCU8N039       | Long             | EC               | CORP              | DE        |      8521 | NS      | $1791417.59   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro Inc/Japan                     | Trend Micro Inc/Japan                      | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |    412132 | NS      | $19281396.53  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc                                | N-able Inc                                 | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    326443 | NS      | $3355834.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| NetScout Systems Inc                      | NetScout Systems Inc                       | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |    376376 | NS      | $12235983.76  | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Digital Arts Inc                          | Digital Arts Inc                           | CUSIP: J1228V105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44892 | NS      | $1905276.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                           | Gen Digital Inc                            | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |   2803728 | NS      | $60083891.04  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                  | Okta Inc                                   | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |    816811 | NS      | $55812695.63  | 4.04%             |  |  |  | No            |                  1 | On Loan: —       |
| OneSpan Inc                               | OneSpan Inc                                | CUSIP: 68287N100<br>LEI: 549300D67QDZG593UX89 | Long             | EC               | CORP              | US        |    189885 | NS      | $2124813.15   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Palo Alto Networks Inc                    | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    373505 | NS      | $52118887.70  | 3.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Parsons Corp                              | Parsons Corp                               | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    557841 | NS      | $25800146.25  | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Qualys Inc                                | Qualys Inc                                 | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |    185926 | NS      | $20866474.98  | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Rapid7 Inc                                | Rapid7 Inc                                 | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |    316394 | NS      | $10751068.12  | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Science Applications Internati            | Science Applications International Corp    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |    297541 | NS      | $33006223.13  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SecureWorks Corp                          | SecureWorks Corp                           | CUSIP: 81374A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51700 | NS      | $330363.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| SentinelOne Inc                           | SentinelOne Inc                            | CUSIP: 81730H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1095955 | NS      | $15989983.45  | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| SolarWinds Corp                           | SolarWinds Corp                            | CUSIP: 83417Q204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    221608 | NS      | $2074250.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Splunk Inc                                | Splunk Inc                                 | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |    728202 | NS      | $62690910.18  | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumo Logic Inc                            | Sumo Logic Inc                             | CUSIP: 86646P103<br>LEI: 549300L85NQSIULERR88 | Long             | EC               | CORP              | US        |    606740 | NS      | $4914594.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Telos Corp                                | Telos Corp                                 | CUSIP: 87969B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225546 | NS      | $1148029.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                      | Tenable Holdings Inc                       | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |    601292 | NS      | $22939289.80  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                       | Varonis Systems Inc                        | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    588725 | NS      | $14094076.50  | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| VeriSign Inc                              | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |    325577 | NS      | $66886538.88  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ZeroFox Holdings Inc                      | ZeroFox Holdings Inc                       | CUSIP: 98955G103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    439819 | NS      | $2190298.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Zscaler Inc                               | Zscaler Inc                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |    461212 | NS      | $51609622.80  | 3.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 153877468 | NS      | $153877467.55 | 11.15%            |  |  |  | No            |                  1 | On Loan: No      |
| NCC Group PLC                             | NCC Group PLC                              | CUSIP: N/A<br>LEI: 213800DJCGZRB6523934       | Long             | EC               | CORP              | GB        |   1636741 | NS      | $3957495.53   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC                         | QinetiQ Group PLC                          | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |   2748158 | NS      | $11860974.97  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackBerry Ltd                            | BlackBerry Ltd                             | CUSIP: 09228F103<br>LEI: 549300HJD8NEGT71RF07 | Long             | EC               | CORP              | CA        |   3091040 | NS      | $10067567.50  | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Fingerprint Cards AB                      | Fingerprint Cards AB                       | CUSIP: W3147N292<br>LEI: 5493004YF5D7Z612Z822 | Long             | EC               | CORP              | SE        |   1782002 | NS      | $500709.63    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Cyber Security Cloud Inc                  | Cyber Security Cloud Inc                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     29628 | NS      | $386491.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| F-Secure Oyj                              | F-Secure Oyj                               | CUSIP: N/A<br>LEI: 9845006BFDJF0375E466       | Long             | EC               | CORP              | FI        |    604270 | NS      | $1830552.78   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WithSecure Oyj                            | WithSecure Oyj                             | CUSIP: N/A<br>LEI: 743700ATXLT0MFCHXT16       | Long             | EC               | CORP              | FI        |    594585 | NS      | $873874.91    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Darktrace PLC                             | Darktrace PLC                              | CUSIP: N/A<br>LEI: 213800PC5S5P9CSNFC89       | Long             | EC               | CORP              | GB        |   1416816 | NS      | $4431189.84   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kape Technologies PLC                     | Kape Technologies PLC                      | CUSIP: N/A<br>LEI: 213800UWCIGKJD9U3T81       | Long             | EC               | CORP              | GB        |    881607 | NS      | $2931016.07   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Arqit Quantum Inc                         | Arqit Quantum Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    135263 | NS      | $488299.43    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Allot Ltd                                 | Allot Ltd                                  | CUSIP: N/A<br>LEI: 5493008MLSB5KCVNRK06       | Long             | EC               | CORP              | IL        |    193135 | NS      | $664384.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Check Point Software Technolog            | Check Point Software Technologies Ltd      | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |    495345 | NS      | $62492725.20  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognyte Software Ltd                      | Cognyte Software Ltd                       | CUSIP: N/A<br>LEI: 2549006L803IRJC67B33       | Long             | EC               | CORP              | IL        |    360186 | NS      | $1120178.46   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                     | CyberArk Software Ltd                      | CUSIP: N/A<br>LEI: 529900YEXNDM894PWS93       | Long             | EC               | CORP              | IL        |    217673 | NS      | $28221304.45  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Radware Ltd                               | Radware Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    197398 | NS      | $3898610.50   | 0.28%             |  |  |  | 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