# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0001752724-25-182234
**Filing Date:** 2025-7
**Character Count:** 42906
**Document Hash:** a6c61dd5371f25720bfd2e34ae55b116
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182234.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182234

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**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:** 251160073

**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

### EMQQ The Emerging Markets Internet ETF (Series ID: S000047306)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000148468 | EMQQ The Emerging Markets Internet ETF | EMQQ            |

## Nport-Ex

**EMQQ**

**The Emerging Markets Internet ETF**

Schedule of Investments

May 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK<sup>††</sup> — 100.0%** |  |  |
| **Brazil — 11.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 5.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre\* | 7287 | $18678695 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 6.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter | 141928 | 1008740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NU Holdings, Cl A\* | 1154447 | 13864908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pagseguro Digital, Cl A | 102176 | 910388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StoneCo, Cl A\* | 125626 | 1714795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XP, Cl A | 172767 | 3344769 |
|  |  | 20843600 |
|  |  | 39522295 |
| **China — 42.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 14.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baidu, Cl A\* | 474350 | 4939161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bilibili, Cl Z\* | 63260 | 1186697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Literature\* | 82800 | 282985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Ruyi Holdings\* | 984000 | 257245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hello Group ADR | 31217 | 189487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iQIYI ADR<sup>(A)</sup>\* | 114170 | 182672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kanzhun ADR\* | 77395 | 1312619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsoft | 197200 | 839946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kuaishou Technology, Cl B\* | 568500 | 3864166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meitu | 624000 | 524407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetEase | 389000 | 9460158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings | 406700 | 25839016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR | 192258 | 3237625 |
|  |  | 52116184 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 24.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding | 1918000 | 27859313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD.com, Cl A | 616000 | 10125855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meituan, Cl B\* | 950700 | 16730952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PDD Holdings ADR\* | 213525 | 20607298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tongcheng Travel Holdings | 272400 | 769448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trip.com Group | 133650 | 8419649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vipshop Holdings ADR | 104383 | 1439442 |
|  |  | 85951957 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Staples — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Health Information Technology<sup>(A)</sup>\* | 1092000 | 630840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD Health International\* | 223650 | 1145124 |
|  |  | 1775964 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **China — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qifu Technology ADR | 33013 | $1356835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZhongAn Online P&C Insurance, Cl H\* | 151300 | 371615 |
|  |  | 1728450 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Industrials — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Full Truck Alliance ADR | 189986 | 2209537 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Information Technology — 0.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingdee International Software Group\* | 624000 | 978786 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Real Estate — 0.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KE Holdings, Cl A | 486800 | 3097770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phoenix Tree Holdings ADR<sup>(A)(B)</sup>\* | 179833 |  |
|  |  | 3097770 |
|  |  | 147858648 |
| **Hong Kong — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futu Holdings ADR | 19042 | 1940951 |
| **India — 21.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 0.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Info Edge India | 150575 | 2511783 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 4.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrainBees Solutions\* | 104341 | 424863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FSN E-Commerce Ventures\* | 518913 | 1232536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jubilant Foodworks | 186754 | 1430635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MakeMyTrip\* | 31089 | 3159575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zomato\* | 3126217 | 8705916 |
|  |  | 14953525 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Energy — 8.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Industries | 1681552 | 27920739 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 7.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Angel One | 20728 | 735284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bajaj Finance | 133198 | 14289503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Energy Exchange | 367873 | 862132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jio Financial Services\* | 1579713 | 5291554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One 97 Communications\* | 143776 | 1496060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PB Fintech\* | 158516 | 3263123 |
|  |  | 25937656 |

---

**EMQQ**

**The Emerging Markets Internet ETF**

Schedule of Investments

May 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **India — continued** |  |  |
| &nbsp;&nbsp;&nbsp;*Information Technology — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swiggy\* | 530482 | $2064587 |
|  |  | 73388290 |
| **Indonesia — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GoTo Gojek Tokopedia, Cl A\* | 431280700 | 1694412 |
| **Japan — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 0.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexon | 160800 | 2910770 |
| **Kazakhstan — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;*Financials — 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaspi.KZ JSC ADR | 93186 | 7432981 |
| **Poland — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CD Projekt<sup>(A)</sup> | 32131 | 1903208 |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro.eu\* | 281308 | 2587668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC\* | 33774 | 1969861 |
|  |  | 4557529 |
|  |  | 6460737 |
| **Russia — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VK GDR<sup>(B)</sup>\* | 117354 | 1173 |
| **Singapore — 7.5%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 5.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sea ADR\* | 127111 | 20384791 |
| &nbsp;&nbsp;&nbsp;*Industrials — 1.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grab Holdings, Cl A\* | 1164023 | 5668792 |
|  |  | 26053583 |
| **South Africa — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MultiChoice Group\* | 128582 | 832410 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **South Africa — continued** |  |  |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Naspers, Cl N | 38382 | $10975966 |
|  |  | 11808376 |
| **South Korea — 8.4%** |  |  |
| &nbsp;&nbsp;&nbsp;*Communication Services — 3.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kakao | 118152 | 3656658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAVER | 56801 | 7719205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NCSoft | 7022 | 776151 |
|  |  | 12152014 |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 4.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coupang, Cl A\* | 485868 | 13628597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery Hero, Cl A\* | 81066 | 2243704 |
|  |  | 15872301 |
| &nbsp;&nbsp;&nbsp;*Financials — 0.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KakaoBank | 86250 | 1469069 |
|  |  | 29493384 |
| **Taiwan — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;momo.com | 53749 | 547022 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $289,825,569) |  | 349112622 |
| **SHORT-TERM INVESTMENT — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 4.24%<sup>(C)(D)</sup> | 1617441 | 1617441 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,617,441) |  | 1617441 |
| Total Investments - 100.5% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $291,443,010) |  | $350730063 |

---

Percentages are based on net assets of $349,140,039.

**EMQQ**

**The Emerging Markets Internet ETF**

Schedule of Investments

May 31, 2025 (Unaudited) (Concluded)

---

| | |
|:---|:---|
| *††* | *Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.* |
| *\** | *Non-income producing security.* |
| *(A)* | *This security or a partial position of this security is on loan at May 31, 2025. The total value of securities on loan at May 31, 2025 was $1,538,817.* |
| *(B)* | *Security is fair valued.* |
| *(C)* | *This security was purchased with cash collateral held from securities on loan. The total value of such securities as of May 31, 2025 was $1,617,441.* |
| *(D)* | *The rate shown is the 7-day effective yield as of May 31, 2025.* |

---

*ADR — American Depositary Receipt*

*Cl — Class*

*GDR — Global Depositary Receipt*

JSC — Joint-Stock Company

**FMQQ**

**The Next Frontier Internet ETF**

Schedule of Investments

May 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **COMMON STOCK<sup>††</sup> — 100.9%** |  |  |
| **Brazil — 23.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 9.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre\* | 1095 | $2806802 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 13.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inter | 48336 | 343544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NU Holdings, Cl A\* | 150308 | 1805199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pagseguro Digital, Cl A | 34692 | 309106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StoneCo, Cl A\* | 42523 | 580439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XP, Cl A | 58839 | 1139123 |
|  |  | 4177411 |
|  |  | 6984213 |
| **India — 41.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 2.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Info Edge India | 51279 | 855399 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 11.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrainBees Solutions\* | 35429 | 144262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FSN E-Commerce Ventures\* | 176186 | 418482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jubilant Foodworks | 63216 | 484268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MakeMyTrip\* | 10588 | 1076059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zomato\* | 437565 | 1218535 |
|  |  | 3341606 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Energy — 8.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Industries | 151572 | 2516724 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 16.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Angel One | 6987 | 247849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bajaj Finance | 16772 | 1799303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Energy Exchange | 124048 | 290714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jio Financial Services\* | 335532 | 1123929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One 97 Communications\* | 48668 | 506415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PB Fintech\* | 53986 | 1111326 |
|  |  | 5079536 |
| &nbsp;&nbsp;&nbsp;*Information Technology — 2.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swiggy\* | 179561 | 698835 |
|  |  | 12492100 |
| **Indonesia — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;*Consumer Discretionary — 1.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GoTo Gojek Tokopedia, Cl A\* | 145981900 | 573532 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Kazakhstan — 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaspi.KZ JSC ADR | 12254 | $977440 |
| **Poland — 7.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 2.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CD Projekt | 10878 | 644334 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 5.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro.eu\* | 95805 | 881282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC\* | 11433 | 666827 |
|  |  | 1548109 |
|  |  | 2192443 |
| **Russia — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VK GDR<sup>(A)</sup>\* | 7810 | 78 |
| **Singapore — 13.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 9.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sea ADR\* | 17823 | 2858275 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Industrials — 4.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grab Holdings, Cl A\* | 260774 | 1269969 |
|  |  | 4128244 |
| **South Africa — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 0.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MultiChoice Group\* | 43659 | 282638 |
| **South Korea — 9.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Communication Services — 4.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kakao | 16720 | 517463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAVER | 5103 | 693493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NCSoft | 977 | 107989 |
|  |  | 1318945 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary — 4.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coupang, Cl A\* | 32595 | 914290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery Hero, Cl A\* | 11485 | 317876 |
|  |  | 1232166 |

---

**FMQQ**

**The Next Frontier Internet ETF**

Schedule of Investments

May 31, 2025 (Unaudited) (Concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **South Korea — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Financials — 0.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KakaoBank | 12019 | $204716 |
|  |  | 2755827 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $23,475,098) |  | 30386515 |
| <br>Total Investments - 100.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $23,475,098) |  | $30386515 |

---

Percentages are based on net assets of $30,121,148.

---

| | |
|:---|:---|
| *††* | *Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.* |
| *\** | *Non-income producing security.* |
| *(A)* | *Security is fair valued.* |

---

*ADR — American Depositary Receipt*

*Cl — Class*

*GDR — Global Depositary Receipt*

*JSC — Joint-Stock Company*

 

EMQ-QH-001-2100

## 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:** EMQQ The Emerging Markets Internet ETF

- **b. EDGAR series identifier (if any):** S000047306

- **c. LEI of Series:** 549300ZFP551IO6DFL53

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $353283248.33

**Total Liabilities:** $4135398.93

**Net Assets:** $349147849.40

**Cash Not Reported:** $2431690.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000148468 | 2.73%                | 0.44%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $565032.29               | $9118746.20                                |
| Month 2  | $1772007.36              | $-751634.86                                |
| Month 3  | $275334.34               | $3120642.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED        | ALIBABA HEALTH INFORMATION T COMMON STOCK       | CUSIP: N/A<br>LEI: 529900GE9653COPX1I86       | Long             | EC               |  | HK        |   1092000 | NS      | $630839.57    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| CCC SPOLKA AKCYJNA                                   | CCC SA COMMON STOCK                             | CUSIP: X5818P109<br>LEI: 259400NWPQ2HCSMZP970 | Long             | EC               |  | PL        |     33774 | NS      | $1969860.62   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corporation                                    | NAVER CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               |  | KR        |     56801 | NS      | $7719205.26   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                          | RELIANCE INDUSTRIES LTD COMMON STOCK            | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               |  | IN        |   1681552 | NS      | $27920738.96  | 8.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | VK CO LTD DEPOSITARY RECEIPT                    | CUSIP: 560317208<br>LEI: N/A                  | Long             | EC               |  | GB        |    117354 | NS      | $1173.54      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Futu Holdings Ltd                                    | FUTU HOLDINGS LTD-ADR DEPOSITARY RECEIPT        | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               |  | US        |     19042 | NS      | $1940951.06   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MultiChoice Group Limited                            | MULTICHOICE GROUP LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               |  | ZA        |    128582 | NS      | $832409.57    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                                        | ALLEGRO.EU SA COMMON STOCK                      | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               |  | PL        |    281308 | NS      | $2587668.49   | 0.74%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tongcheng Travel Holdings Limited                    | TONGCHENG TRAVEL HOLDINGS LTD COMMON STOCK      | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               |  | HK        |    272400 | NS      | $769447.37    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGEL ONE LIMITED                                    | ANGEL ONE LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               |  | IN        |     20728 | NS      | $735283.87    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXON Co., Ltd.                                      | NEXON CO LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               |  | JP        |    160800 | NS      | $2910770.30   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc.                                              | XP INC - CLASS A COMMON STOCK                   | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               |  | US        |    172767 | NS      | $3344769.12   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| JIO FINANCIAL SERVICES LIMITED                       | JIO FINANCIAL SERVICES LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 3358003O268Q1OGBQR42       | Long             | EC               |  | IN        |   1579713 | NS      | $5291553.98   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                             | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |    406700 | NS      | $25839016.52  | 7.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ZhongAn Online P & C Insurance Co., Ltd.             | ZHONGAN ONLINE P&C INSURAN-H COMMON STOCK       | CUSIP: N/A<br>LEI: 5299006845ISFI2WAI41       | Long             | EC               |  | HK        |    151300 | NS      | $371615.05    | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MEITU, INC.                                          | MEITU INC COMMON STOCK                          | CUSIP: N/A<br>LEI: 529900P2POH56W116T02       | Long             | EC               |  | HK        |    624000 | NS      | $524406.53    | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                               | TRIP.COM GROUP LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               |  | HK        |    133650 | NS      | $8419649.18   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                         | JD.COM INC-CLASS A COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               |  | HK        |    616000 | NS      | $10125855.22  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Momo Com Inc                                         | MOMO.COM INC COMMON STOCK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |     53749 | NS      | $547022.54    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fsn E-Commerce Ventures Ltd                          | FSN E-COMMERCE VENTURES LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 335800X5BJYC18NHDQ91       | Long             | EC               |  | IN        |    518913 | NS      | $1232535.86   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co, Inc.                                     | INTER & CO INC - BDR DEPOSITARY RECEIPT         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    141928 | NS      | $1008739.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LIMITED                                      | NASPERS LTD-N SHS COMMON STOCK                  | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               |  | ZA        |     38382 | NS      | $10975966.05  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                     | DELIVERY HERO SE COMMON STOCK                   | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               |  | DE        |     81066 | NS      | $2243703.97   | 0.64%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MakeMyTrip Limited                                   | MAKEMYTRIP LTD COMMON STOCK                     | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               |  | US        |     31089 | NS      | $3159575.07   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGSEGURO DIGITAL LTD.                               | PAGSEGURO DIGITAL LTD-CL A COMMON STOCK         | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               |  | US        |    102176 | NS      | $910388.16    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd                                      | NU HOLDINGS LTD/CAYMAN ISL-A COMMON STOCK       | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               |  | US        |   1154447 | NS      | $13864908.47  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NCsoft Corporation                                   | NCSOFT CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      7022 | NS      | $776150.61    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                                       | PB FINTECH LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               |  | IN        |    158516 | NS      | $3263123.41   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE, INC.                                        | NETEASE INC COMMON STOCK                        | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               |  | HK        |    389000 | NS      | $9460157.75   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GoTo Gojek Tokopedia PT Tbk                          | GOTO GOJEK TOKOPEDIA TBK PT COMMON STOCK        | CUSIP: N/A<br>LEI: 254900MT2CH1Y5Y7OX69       | Long             | EC               |  | ID        | 431280700 | NS      | $1694411.59   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                          | SEA LTD-ADR DEPOSITARY RECEIPT                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               |  | US        |    127111 | NS      | $20384791.07  | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                                          | KANZHUN LTD - ADR DEPOSITARY RECEIPT            | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               |  | US        |     77395 | NS      | $1312619.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brainbees Solutions Ltd                              | BRAINBEES SOLUTIONS LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 984500FBE5B11U0E8846       | Long             | EC               |  | IN        |    104341 | NS      | $424862.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INFO EDGE (INDIA) LIMITED                            | INFO EDGE INDIA LTD COMMON STOCK                | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               |  | IN        |    150575 | NS      | $2511782.79   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiggy Ltd                                           | SWIGGY LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 335800R11DC3QR7KH186       | Long             | EC               |  | IN        |    530482 | NS      | $2064586.97   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                    | TENCENT MUSIC ENTERTAINM-ADR DEPOSITARY RECEIPT | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               |  | US        |    192258 | NS      | $3237624.72   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LIMITED                                | BAJAJ FINANCE LTD COMMON STOCK                  | CUSIP: Y05473122<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               |  | IN        |    133198 | NS      | $14289503.23  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                   | MERCADOLIBRE INC COMMON STOCK                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |      7287 | NS      | $18678694.23  | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                        | ALIBABA GROUP HOLDING LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               |  | HK        |   1918000 | NS      | $27859313.53  | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |
| China Ruyi Holdings Limited                          | CHINA RUYI HOLDINGS LTD COMMON STOCK            | CUSIP: G4404N114<br>LEI: 984500976440498D1C06 | Long             | EC               |  | HK        |    984000 | NS      | $257245.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hello Group Inc.                                     | HELLO GROUP INC -SPN ADR DEPOSITARY RECEIPT     | CUSIP: 423403104<br>LEI: 549300YMGLID32W48529 | Long             | EC               |  | US        |     31217 | NS      | $189487.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                        | FX Forward Contract: USD/HKD SETTLE 2025-06-02  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-85.07       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kakao Corp.                                          | KAKAO CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               |  | KR        |    118152 | NS      | $3656657.53   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORPORATION LIMITED                         | KINGSOFT CORP LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               |  | HK        |    197200 | NS      | $839946.18    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE 97 COMMUNICATIONS LIMITED                        | ONE 97 COMMUNICATIONS LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23       | Long             | EC               |  | IN        |    143776 | NS      | $1496060.05   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED | KINGDEE INTERNATIONAL SFTWR COMMON STOCK        | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               |  | HK        |    624000 | NS      | $978786.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Qifu Technology, Inc.                                | QIFU TECHNOLOGY INC DEPOSITARY RECEIPT          | CUSIP: 88557W101<br>LEI: N/A                  | Long             | EC               |  | US        |     33013 | NS      | $1356834.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BILIBILI INC.                                        | BILIBILI INC-CLASS Z COMMON STOCK               | CUSIP: N/A<br>LEI: 5493008V60M52L3PIS45       | Long             | EC               |  | HK        |     63260 | NS      | $1186697.27   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc                          | JD HEALTH INTERNATIONAL INC COMMON STOCK        | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               |  | HK        |    223650 | NS      | $1145124.05   | 0.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MEITUAN                                              | MEITUAN-CLASS B COMMON STOCK                    | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               |  | HK        |    950700 | NS      | $16730952.43  | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAB HOLDINGS LIMITED                                | GRAB HOLDINGS LTD - CL A COMMON STOCK           | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               |  | US        |   1164023 | NS      | $5668792.01   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Jubilant FoodWorks Limited                           | JUBILANT FOODWORKS LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 9845000D3B99893F5B14       | Long             | EC               |  | IN        |    186754 | NS      | $1430634.94   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                             | VIPSHOP HOLDINGS LTD - ADR DEPOSITARY RECEIPT   | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               |  | US        |    104383 | NS      | $1439441.57   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| China Literature Ltd                                 | CHINA LITERATURE LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 529900YXWIZUFHMK8W28       | Long             | EC               |  | HK        |     82800 | NS      | $282984.87    | 0.08%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PHOENIX TREE HOLDINGS LTD                            | PHOENIX TREE HOLDINGS LTD DEPOSITARY RECEIPT    | CUSIP: 719156101<br>LEI: N/A                  | Long             | EC               |  | US        |    179833 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| CD Projekt SA                                        | CD PROJEKT SA COMMON STOCK                      | CUSIP: X0957E106<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               |  | PL        |     32131 | NS      | $1903207.54   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Ke Holdings Inc                                      | KE HOLDINGS INC-CL A COMMON STOCK               | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               |  | HK        |    486800 | NS      | $3097770.21   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| IQIYI, INC.                                          | IQIYI INC-ADR DEPOSITARY RECEIPT                | CUSIP: 46267X108<br>LEI: 222100XL8T2Q5B8MS302 | Long             | EC               |  | US        |    114170 | NS      | $182672.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| COUPANG, INC.                                        | COUPANG INC COMMON STOCK                        | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               |  | US        |    485868 | NS      | $13628597.40  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                                          | ETERNAL LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               |  | IN        |   3126217 | NS      | $8705916.14   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Stock Company Kaspi.kz                         | JSC KASPI.KZ ADR DEPOSITARY RECEIPT             | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               |  | US        |     93186 | NS      | $7432981.29   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                          | BAIDU INC-CLASS A COMMON STOCK                  | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |    474350 | NS      | $4939160.94   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                                    | PDD HOLDINGS INC DEPOSITARY RECEIPT             | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               |  | US        |    213525 | NS      | $20607297.75  | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                           | FULL TRUCK ALLIANCE -SPN ADR DEPOSITARY RECEIPT | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               |  | US        |    189986 | NS      | $2209537.18   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                  | KUAISHOU TECHNOLOGY COMMON STOCK                | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               |  | HK        |    568500 | NS      | $3864165.89   | 1.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Indian Energy Exchange Ltd                           | INDIAN ENERGY EXCHANGE LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 335800JRG8ZOKN1KAE97       | Long             | EC               |  | IN        |    367873 | NS      | $862131.82    | 0.25%             |  |  |  | Yes           |                  1 | On Loan: No      |
| KakaoBank Corp                                       | KAKAOBANK CORP COMMON STOCK                     | CUSIP: N/A<br>LEI: 988400VAVCFSK6VF9Q87       | Long             | EC               |  | KR        |     86250 | NS      | $1469069.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd.                                         | STONECO LTD-A COMMON STOCK                      | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               |  | US        |    125626 | NS      | $1714794.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio                | Invesco Government & Agency Portfolio           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             |  | US        |   1778911 | PA      | $1778911.35   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

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

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO