# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0001752724-23-015844
**Filing Date:** 2023-1
**Character Count:** 57894
**Document Hash:** d0b355c430da1e3650454674805244f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015844.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-015844

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCHANGE TRADED CONCEPTS TRUST
- **CENTRAL INDEX KEY:** 0001452937
- **IRS NUMBER:** 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:** 23560429

**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

### FMQQ The Next Frontier Internet & Ecommerce ETF (Series ID: S000073704)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000230780 | FMQQ The Next Frontier Internet & Ecommerce ETF | FMQQ            |

## Nport-Ex

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| COMMON STOCK — 99.8% | COMMON STOCK — 99.8% | COMMON STOCK — 99.8% |
| **Argentina — 0.0%** | **Argentina — 0.0%** |  |
| *Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Despegar.com\* | 36127 | $195086 |
| **Brazil — 6.9%** |  |  |
| *Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;VTEX, Cl A\* | 30962 | 121990 |
| *Consumer Discretionary — 5.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Afya, Cl A\* | 19977 | 300054 |
| &nbsp;&nbsp;&nbsp;Americanas | 245231 | 484978 |
| &nbsp;&nbsp;&nbsp;Arco Platform, Cl A\* | 15265 | 137996 |
| &nbsp;&nbsp;&nbsp;CVC Brasil Operadora e Agencia de Viagens\* | 134275 | 127412 |
| &nbsp;&nbsp;&nbsp;GRUPO DE MODA SOMA | 294100 | 642023 |
| &nbsp;&nbsp;&nbsp;Magazine Luiza\* | 1729900 | 1118441 |
| &nbsp;&nbsp;&nbsp;MercadoLibre\* | 26346 | 24527731 |
| &nbsp;&nbsp;&nbsp;Pet Center Comercio e Participacoes | 180100 | 252403 |
|  |  | 27591038 |
| *Financials — 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;NU Holdings, Cl A\* | 922282 | 4104155 |
| &nbsp;&nbsp;&nbsp;XP, Cl A\* | 149139 | 2611424 |
|  |  | 6715579 |
| *Information Technology — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;Locaweb Servicos de Internet\* | 216400 | 346895 |
| &nbsp;&nbsp;&nbsp;Pagseguro Digital, Cl A\* | 117059 | 1232631 |
| &nbsp;&nbsp;&nbsp;StoneCo, Cl A\* | 141651 | 1654484 |
|  |  | 3234010 |
| **Total Brazil** |  | 37662617 |
| **China — 62.0%** |  |  |
| *Communication Services — 19.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Autohome, Cl A | 286524 | 2101531 |
| &nbsp;&nbsp;&nbsp;Baidu, Cl A\* | 1300054 | 16922104 |
| &nbsp;&nbsp;&nbsp;Bilibili, Cl Z\* | 170116 | 2763527 |
| &nbsp;&nbsp;&nbsp;China Literature\* | 230800 | 823494 |
| &nbsp;&nbsp;&nbsp;China Ruyi Holdings\* (A) | 2848799 | 624104 |
| &nbsp;&nbsp;&nbsp;DouYu International Holdings ADR\* | 187190 | 245219 |
| &nbsp;&nbsp;&nbsp;Fire Rock Holdings\* (B) | 1092000 | 1399 |
| &nbsp;&nbsp;&nbsp;Hello Group ADR | 93162 | 534750 |
| &nbsp;&nbsp;&nbsp;HUYA ADR\* | 51193 | 139757 |
| &nbsp;&nbsp;&nbsp;iDreamSky Technology Holdings\* | 423600 | 215449 |
| &nbsp;&nbsp;&nbsp;iQIYI ADR\* (A) | 229557 | 681784 |
| &nbsp;&nbsp;&nbsp;Kanzhun ADR\* | 228919 | 4308256 |
| &nbsp;&nbsp;&nbsp;Kingsoft(A) | 565600 | 1775312 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **China — continued** | **China — continued** |  |
| *Communication Services — continued* |  |  |
| &nbsp;&nbsp;&nbsp;Kuaishou Technology, Cl B\* | 1094200 | $7927360 |
| &nbsp;&nbsp;&nbsp;Meitu\* (A) | 1261500 | 177779 |
| &nbsp;&nbsp;&nbsp;NetDragon Websoft Holdings | 138500 | 273611 |
| &nbsp;&nbsp;&nbsp;NetEase | 1534880 | 21492843 |
| &nbsp;&nbsp;&nbsp;Sohu.com ADR\* | 22466 | 332047 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings | 1018292 | 37467614 |
| &nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR\* | 459762 | 3222932 |
| &nbsp;&nbsp;&nbsp;Weibo, Cl A\* | 82784 | 1325732 |
| &nbsp;&nbsp;&nbsp;XD\* | 144000 | 365281 |
| &nbsp;&nbsp;&nbsp;Zhihu, Cl A\* | 182080 | 423621 |
|  |  | 104145506 |
| *Consumer Discretionary — 38.5%* |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding\* | 3439108 | 35203988 |
| &nbsp;&nbsp;&nbsp;Alibaba Health Information Technology\* | 2380000 | 1948395 |
| &nbsp;&nbsp;&nbsp;ATRenew ADR\* (A) | 81652 | 140441 |
| &nbsp;&nbsp;&nbsp;Baozun, Cl A\* (A) | 112735 | 154540 |
| &nbsp;&nbsp;&nbsp;Dada Nexus ADR\* | 149355 | 930482 |
| &nbsp;&nbsp;&nbsp;JD Health International\* | 591800 | 5163229 |
| &nbsp;&nbsp;&nbsp;JD.com, Cl A | 1234094 | 34593526 |
| &nbsp;&nbsp;&nbsp;Maoyan Entertainment\* (A) | 204200 | 195423 |
| &nbsp;&nbsp;&nbsp;Meituan, Cl B\* | 1604300 | 33625454 |
| &nbsp;&nbsp;&nbsp;Pinduoduo ADR\* | 583670 | 47884287 |
| &nbsp;&nbsp;&nbsp;Ping An Healthcare and Technology\* (A) | 253000 | 630758 |
| &nbsp;&nbsp;&nbsp;Prosus | 512554 | 32979303 |
| &nbsp;&nbsp;&nbsp;Tongcheng Travel Holdings\* | 606400 | 1295850 |
| &nbsp;&nbsp;&nbsp;Trip.com Group\* | 370711 | 11189483 |
| &nbsp;&nbsp;&nbsp;Vipshop Holdings ADR\* | 341346 | 3806008 |
|  |  | 209741167 |
| *Consumer Staples — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;DingDong Cayman ADR\* (A) | 92458 | 404042 |
| *Financials — 1.6%* |  |  |
| &nbsp;&nbsp;&nbsp;360 DigiTech ADR | 66512 | 1043573 |
| &nbsp;&nbsp;&nbsp;FinVolution Group ADR | 99767 | 465912 |
| &nbsp;&nbsp;&nbsp;Futu Holdings ADR\* | 46989 | 2889354 |
| &nbsp;&nbsp;&nbsp;LexinFintech Holdings ADR\* | 78525 | 142130 |
| &nbsp;&nbsp;&nbsp;Lufax Holding ADR | 1350917 | 2512706 |
| &nbsp;&nbsp;&nbsp;Up Fintech Holding ADR\* (A) | 80518 | 417888 |
| &nbsp;&nbsp;&nbsp;ZhongAn Online P&C Insurance, Cl H\* | 344100 | 886094 |
|  |  | 8357657 |
| *Health Care — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Yidu Tech\* | 207100 | 137439 |

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **China — continued** |  |  |
| *Information Technology — 0.9%* |  |  |
| &nbsp;&nbsp;&nbsp;Agora ADR\* | 55669 | $174800 |
| &nbsp;&nbsp;&nbsp;Kingdee International Software Group | 1533000 | 2529632 |
| &nbsp;&nbsp;&nbsp;Kingsoft Cloud Holdings ADR\* | 140745 | 425050 |
| &nbsp;&nbsp;&nbsp;OneConnect Financial Technology ADR\* | 227525 | 141771 |
| &nbsp;&nbsp;&nbsp;Tuya, Cl A\* | 238312 | 259211 |
| &nbsp;&nbsp;&nbsp;Vnet Group ADR\* | 77690 | 389227 |
| &nbsp;&nbsp;&nbsp;Weimob\* | 1131000 | 631754 |
| &nbsp;&nbsp;&nbsp;Yeahka\* | 106400 | 265267 |
|  |  | 4816712 |
| *Real Estate — 1.8%* |  |  |
| &nbsp;&nbsp;&nbsp;KE Holdings, Cl A\* | 1944242 | 9913629 |
| &nbsp;&nbsp;&nbsp;Phoenix Tree Holdings ADR\* | 179833 |  |
|  |  | 9913629 |
| **Total China** |  | 337516152 |
| **Egypt — 0.0%** |  |  |
| *Information Technology — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Fawry for Banking & Payment Technology Services SAE\* | 1285616 | 253981 |
| **Germany — 0.0%** |  |  |
| *Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Jumia Technologies ADR\* | 59145 | 270884 |
| **Hong Kong — 0.1%** |  |  |
| *Communication Services — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Pictures Group\* | 6970000 | 379508 |
| *Information Technology — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;China Youzan\* | 8740000 | 194832 |
| **Total Hong Kong** |  | 574340 |
| **India — 9.6%** |  |  |
| *Communication Services — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;Affle India\* | 28151 | 433519 |
| &nbsp;&nbsp;&nbsp;Brightcom Group | 830060 | 365920 |
| &nbsp;&nbsp;&nbsp;Info Edge India | 40376 | 1980022 |
| &nbsp;&nbsp;&nbsp;Nazara Technologies\* | 19393 | 140549 |
|  |  | 2920010 |
| *Consumer Discretionary — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;FSN E-Commerce Ventures\* | 399464 | 845172 |
| &nbsp;&nbsp;&nbsp;MakeMyTrip\* | 34834 | 1034222 |
| &nbsp;&nbsp;&nbsp;Zomato\* | 1627133 | 1303725 |
|  |  | 3183119 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **India — continued** |  |  |
| *Energy — 7.5%* |  |  |
| &nbsp;&nbsp;&nbsp;Reliance Industries | 1216305 | $40794544 |
| *Financials — 0.4%* |  |  |
| &nbsp;&nbsp;&nbsp;Angel One | 20634 | 404680 |
| &nbsp;&nbsp;&nbsp;ICICI Securities | 49419 | 320079 |
| &nbsp;&nbsp;&nbsp;Indian Energy Exchange | 404409 | 734217 |
| &nbsp;&nbsp;&nbsp;Motilal Oswal Financial Services | 21239 | 172835 |
| &nbsp;&nbsp;&nbsp;PB Fintech\* | 84971 | 472402 |
|  |  | 2104213 |
| *Industrials — 0.3%* |  |  |
| &nbsp;&nbsp;&nbsp;IndiaMart InterMesh | 7624 | 410389 |
| &nbsp;&nbsp;&nbsp;Indian Railway Catering & Tourism | 146075 | 1320547 |
| &nbsp;&nbsp;&nbsp;TeamLease Services\* | 5950 | 182249 |
|  |  | 1913185 |
| *Information Technology — 0.3%* |  |  |
| &nbsp;&nbsp;&nbsp;Happiest Minds Technologies | 23653 | 275214 |
| &nbsp;&nbsp;&nbsp;Intellect Design Arena | 39916 | 225199 |
| &nbsp;&nbsp;&nbsp;One 97 Communications\* | 73162 | 432757 |
| &nbsp;&nbsp;&nbsp;Route Mobile | 14142 | 230600 |
| &nbsp;&nbsp;&nbsp;Tanla Platforms | 37493 | 364473 |
|  |  | 1528243 |
| **Total India** |  | 52443314 |
| **Indonesia — 1.1%** |  |  |
| *Consumer Discretionary — 0.9%* |  |  |
| &nbsp;&nbsp;&nbsp;Bukalapak.com\* | 17913300 | 325665 |
| &nbsp;&nbsp;&nbsp;GoTo Gojek Tokopedia, Cl A\* | 500854700 | 4807492 |
|  |  | 5133157 |
| *Financials — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Bank Jago\* | 2798800 | 816610 |
| **Total Indonesia** |  | 5949767 |
| **Japan — 1.0%** |  |  |
| *Communication Services — 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Nexon | 261600 | 5425472 |
| **Kazakhstan — 1.6%** |  |  |
| *Financials — 1.6%* |  |  |
| &nbsp;&nbsp;&nbsp;Kaspi.KZ JSC GDR | 114243 | 8671044 |
| **Poland — 0.4%** |  |  |
| *Communication Services — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;CD Projekt (A) | 39018 | 1125703 |
| *Consumer Discretionary — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Allegro.eu\* (A) | 202875 | 998533 |
| **Total Poland** |  | 2124236 |

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Russia — 0.0%** | **Russia — 0.0%** |  |
| *Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;VK GDR\* (B) | 117354 | $1174 |
| &nbsp;&nbsp;&nbsp;Yandex, Cl A\* (B) | 224241 | 2242 |
|  |  | 3416 |
| *Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Ozon Holdings ADR\* (B) | 125832 | 1258 |
| *Financials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;TCS Group Holding GDR\* (B) | 89202 | 892 |
| *Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;HeadHunter Group ADR (B) | 25106 | 251 |
| **Total Russia** |  | 5817 |
| **Singapore — 3.9%** |  |  |
| *Communication Services — 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Sea ADR\* | 302264 | 17643150 |
| *Industrials — 0.7%* |  |  |
| &nbsp;&nbsp;&nbsp;Grab Holdings, Cl A\* (A) | 1155312 | 3489042 |
| **Total Singapore** |  | 21132192 |
| **South Africa — 4.0%** |  |  |
| *Communication Services — 0.3%* |  |  |
| &nbsp;&nbsp;&nbsp;MultiChoice Group | 212795 | 1488532 |
| *Consumer Discretionary — 3.7%* |  |  |
| &nbsp;&nbsp;&nbsp;Naspers, Cl N | 129719 | 20117721 |
| **Total South Africa** |  | 21606253 |
| **South Korea — 8.8%** |  |  |
| *Communication Services — 5.3%* |  |  |
| &nbsp;&nbsp;&nbsp;AfreecaTV | 4746 | 309479 |
| &nbsp;&nbsp;&nbsp;CJ ENM | 6080 | 386324 |
| &nbsp;&nbsp;&nbsp;Com2uS Holdings | 2506 | 82371 |
| &nbsp;&nbsp;&nbsp;Com2uSCorp | 4817 | 227181 |
| &nbsp;&nbsp;&nbsp;Gravity ADR (A) | 3688 | 153126 |
| &nbsp;&nbsp;&nbsp;Kakao | 172625 | 7382227 |
| &nbsp;&nbsp;&nbsp;Kakao Games\* | 20383 | 672298 |
| &nbsp;&nbsp;&nbsp;Krafton\* | 15450 | 2659249 |
| &nbsp;&nbsp;&nbsp;NAVER | 83077 | 11779504 |
| &nbsp;&nbsp;&nbsp;NCSoft | 9312 | 3322058 |
| &nbsp;&nbsp;&nbsp;Neowiz\* | 7731 | 237115 |
| &nbsp;&nbsp;&nbsp;Netmarble | 12719 | 472074 |
| &nbsp;&nbsp;&nbsp;NHN\* | 10078 | 188745 |
| &nbsp;&nbsp;&nbsp;Pearl Abyss\* | 15342 | 506030 |
| &nbsp;&nbsp;&nbsp;Webzen\* | 9997 | 125450 |
|  |  | 28503231 |
| *Consumer Discretionary — 2.9%* |  |  |
| &nbsp;&nbsp;&nbsp;Coupang, Cl A\* | 602962 | 11745700 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **South Korea — continued** | **South Korea — continued** |  |
| *Consumer Discretionary — continued* |  |  |
| &nbsp;&nbsp;&nbsp;Delivery Hero\* | 98878 | $4171161 |
| &nbsp;&nbsp;&nbsp;Modetour Network | 8851 | 107378 |
|  |  | 16024239 |
| *Financials — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;KakaoBank\* | 134046 | 2546046 |
| *Information Technology — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Danal\* | 32127 | 138851 |
| &nbsp;&nbsp;&nbsp;Kakaopay\* | 12402 | 497453 |
|  |  | 636304 |
| **Total South Korea** |  | 47709820 |
| **Sweden — 0.1%** |  |  |
| *Information Technology — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Truecaller, Cl B\* (A) | 94788 | 340173 |
| **Taiwan — 0.2%** |  |  |
| *Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Gamania Digital Entertainment | 127000 | 274912 |
| *Consumer Discretionary — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;momo.com | 36880 | 715989 |
| &nbsp;&nbsp;&nbsp;PChome Online | 80000 | 129427 |
|  |  | 845416 |
| **Total Taiwan** |  | 1120328 |
| **Turkey — 0.0%** |  |  |
| *Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;D-MARKET Elektronik Hizmetler ve Ticaret ADR\* (A) | 169580 | 117298 |
| **United Arab Emirates — 0.0%** |  |  |
| *Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Yalla Group ADR\* (A) | 73252 | 255649 |
| **United States — 0.0%** |  |  |
| *Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Swvl Holdings\* (A) | 33365 | 12345 |
| **Uruguay — 0.1%** |  |  |
| *Information Technology — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Dlocal, Cl A\* (A) | 47250 | 689850 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $758,548,250) |  | 544076618 |

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (concluded)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| SHORT-TERM INVESTMENT — 1.4% | SHORT-TERM INVESTMENT — 1.4% | SHORT-TERM INVESTMENT — 1.4% |
| **United States — 1.4%** | **United States — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;Invesco Government & Agency Portfolio, Cl Institutional, 3.430%, (C)(D) | 7410036 | $7410036 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,410,036) |  | 7410036 |
| Total Investments in Securities- 101.2% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $765,958,286) |  | $551486654 |

---

Percentages are based on net assets of $544,763,744.

\* Non-income producing security.

(A) This security or a partial position of this security is on loan at November 30, 2022. The total value of securities on loan at November 30, 2022 was $7,046,847.

(B) Level 3 security in accordance with fair value hierarchy.

(C) This security was purchased with cash collateral held from securities on loan. The total value of such securities as of November 30, 2022 was $7,410,036.

(D) The rate shown is the 7-day effective yield as of November 30, 2022.

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint Stock Company

The following is a summary of the inputs used as of November 30, 2022, in valuing the Fund's investments carried at value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3<sup>(1)</sup> | Total |
| Common Stock | Common Stock | Common Stock | Common Stock | Common Stock |
| &nbsp;&nbsp;&nbsp;Argentina | $195086 | $— | $— | $195086 |
| &nbsp;&nbsp;&nbsp;Brazil | 37662617 |  |  | 37662617 |
| &nbsp;&nbsp;&nbsp;China | 337514753 |  | 1399 | 337516152 |
| &nbsp;&nbsp;&nbsp;Egypt | 253981 |  |  | 253981 |
| &nbsp;&nbsp;&nbsp;Germany | 270884 |  |  | 270884 |
| &nbsp;&nbsp;&nbsp;Hong Kong | 574340 |  |  | 574340 |
| &nbsp;&nbsp;&nbsp;India | 52443314 |  |  | 52443314 |
| &nbsp;&nbsp;&nbsp;Indonesia | 5949767 |  |  | 5949767 |
| &nbsp;&nbsp;&nbsp;Japan | 5425472 |  |  | 5425472 |
| &nbsp;&nbsp;&nbsp;Kazakhstan | 8671044 |  |  | 8671044 |
| &nbsp;&nbsp;&nbsp;Poland | 2124236 |  |  | 2124236 |
| &nbsp;&nbsp;&nbsp;Russia |  |  | 5817 | 5817 |
| &nbsp;&nbsp;&nbsp;Singapore | 21132192 |  |  | 21132192 |
| &nbsp;&nbsp;&nbsp;South Africa | 21606253 |  |  | 21606253 |
| &nbsp;&nbsp;&nbsp;South Korea | 47709820 |  |  | 47709820 |
| &nbsp;&nbsp;&nbsp;Sweden | 340173 |  |  | 340173 |
| &nbsp;&nbsp;&nbsp;Taiwan | 1120328 |  |  | 1120328 |
| &nbsp;&nbsp;&nbsp;Turkey | 117298 |  |  | 117298 |
| &nbsp;&nbsp;&nbsp;United Arab Emirates | 255649 |  |  | 255649 |
| &nbsp;&nbsp;&nbsp;United States | 12345 |  |  | 12345 |
| &nbsp;&nbsp;&nbsp;Uruguay | 689850 |  |  | 689850 |
| Short-Term Investment<br> United States | 7410036 |  |  | 7410036 |
| Total Investments in Securities | $551479438 | $— | $7216 | $551486654 |

---

*(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.*

 

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund's most recent semiannual and annual financial statements.

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| COMMON STOCK — 99.8% | COMMON STOCK — 99.8% | COMMON STOCK — 99.8% |
| **Argentina — 0.2%** | **Argentina — 0.2%** |  |
| *Consumer Discretionary — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Despegar.com\* | 4620 | $24948 |
| **Brazil — 20.5%** |  |  |
| *Communication Services — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;VTEX, Cl A\* | 3962 | 15610 |
| *Consumer Discretionary — 12.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Afya, Cl A\* | 2565 | 38526 |
| &nbsp;&nbsp;&nbsp;Americanas | 31109 | 61522 |
| &nbsp;&nbsp;&nbsp;Arco Platform, Cl A\* | 1949 | 17619 |
| &nbsp;&nbsp;&nbsp;CVC Brasil Operadora e Agencia de Viagens\* | 16758 | 15901 |
| &nbsp;&nbsp;&nbsp;GRUPO DE MODA SOMA | 37197 | 81201 |
| &nbsp;&nbsp;&nbsp;Magazine Luiza\* | 220312 | 142440 |
| &nbsp;&nbsp;&nbsp;MercadoLibre\* | 1562 | 1454199 |
| &nbsp;&nbsp;&nbsp;Pet Center Comercio e Participacoes | 22464 | 31482 |
|  |  | 1842890 |
| *Financials — 5.6%* |  |  |
| &nbsp;&nbsp;&nbsp;NU Holdings, Cl A\* | 117549 | 523093 |
| &nbsp;&nbsp;&nbsp;XP, Cl A\* | 19001 | 332708 |
|  |  | 855801 |
| *Information Technology — 2.7%* |  |  |
| &nbsp;&nbsp;&nbsp;Locaweb Servicos de Internet\* | 27036 | 43339 |
| &nbsp;&nbsp;&nbsp;Pagseguro Digital, Cl A\* | 14918 | 157087 |
| &nbsp;&nbsp;&nbsp;StoneCo, Cl A\* | 17998 | 210217 |
|  |  | 410643 |
| **Total Brazil** |  | 3124944 |
| **Egypt — 0.2%** |  |  |
| *Information Technology — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Fawry for Banking & Payment Technology Services SAE\* | 161523 | 31910 |
| **Germany — 0.2%** |  |  |
| *Consumer Discretionary — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Jumia Technologies ADR\* | 7577 | 34703 |
| **India — 18.8%** |  |  |
| *Communication Services — 2.4%* |  |  |
| &nbsp;&nbsp;&nbsp;Affle India\* | 3538 | 54484 |
| &nbsp;&nbsp;&nbsp;Brightcom Group | 104325 | 45990 |
| &nbsp;&nbsp;&nbsp;Info Edge India | 5136 | 251868 |
| &nbsp;&nbsp;&nbsp;Nazara Technologies\* | 2436 | 17655 |
|  |  | 369997 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **India — continued** | **India — continued** |  |
| *Consumer Discretionary — 2.7%* |  |  |
| &nbsp;&nbsp;&nbsp;FSN E-Commerce Ventures\* | 50856 | $107599 |
| &nbsp;&nbsp;&nbsp;MakeMyTrip\* | 4420 | 131230 |
| &nbsp;&nbsp;&nbsp;Zomato\* | 207308 | 166104 |
|  |  | 404933 |
| *Energy — 9.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Reliance Industries | 41512 | 1392301 |
| *Financials — 1.8%* |  |  |
| &nbsp;&nbsp;&nbsp;Angel One | 2621 | 51404 |
| &nbsp;&nbsp;&nbsp;ICICI Securities | 6401 | 41458 |
| &nbsp;&nbsp;&nbsp;Indian Energy Exchange | 51641 | 93756 |
| &nbsp;&nbsp;&nbsp;Motilal Oswal Financial Services | 2656 | 21614 |
| &nbsp;&nbsp;&nbsp;PB Fintech\* | 10796 | 60021 |
|  |  | 268253 |
| *Industrials — 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;IndiaMart InterMesh | 966 | 51998 |
| &nbsp;&nbsp;&nbsp;Indian Railway Catering & Tourism | 18593 | 168084 |
| &nbsp;&nbsp;&nbsp;TeamLease Services\* | 743 | 22758 |
|  |  | 242840 |
| *Information Technology — 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;Happiest Minds Technologies | 2966 | 34511 |
| &nbsp;&nbsp;&nbsp;Intellect Design Arena | 5001 | 28215 |
| &nbsp;&nbsp;&nbsp;One 97 Communications\* | 9296 | 54986 |
| &nbsp;&nbsp;&nbsp;Route Mobile | 1772 | 28894 |
| &nbsp;&nbsp;&nbsp;Tanla Platforms | 4802 | 46681 |
|  |  | 193287 |
| **Total India** |  | 2871611 |
| **Indonesia — 3.9%** |  |  |
| *Consumer Discretionary — 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Bukalapak.com\* | 2292900 | 41685 |
| &nbsp;&nbsp;&nbsp;GoTo Gojek Tokopedia, Cl A\* | 46309300 | 444503 |
|  |  | 486188 |
| *Financials — 0.7%* |  |  |
| &nbsp;&nbsp;&nbsp;Bank Jago\* | 355000 | 103579 |
| **Total Indonesia** |  | 589767 |
| **Japan — 4.3%** |  |  |
| *Communication Services — 4.3%* |  |  |
| &nbsp;&nbsp;&nbsp;Nexon | 31700 | 657444 |
| **Kazakhstan — 7.3%** |  |  |
| *Financials — 7.3%* |  |  |
| &nbsp;&nbsp;&nbsp;Kaspi.KZ JSC GDR | 14800 | 1123320 |

---

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **Poland — 1.8%** | **Poland — 1.8%** |  |
| *Communication Services — 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;CD Projekt | 4951 | $142841 |
| *Consumer Discretionary — 0.8%* |  |  |
| &nbsp;&nbsp;&nbsp;Allegro.eu\* | 25698 | 126483 |
| **Total Poland** |  | 269324 |
| **Russia — 0.0%** |  |  |
| *Communication Services — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;VK GDR\* (A) | 7810 | 78 |
| &nbsp;&nbsp;&nbsp;Yandex, Cl A\* (A) | 10305 | 103 |
|  |  | 181 |
| *Consumer Discretionary — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Ozon Holdings ADR\* (A) | 8369 | 84 |
| *Financials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;TCS Group Holding GDR\* (A) | 5934 | 59 |
| *Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;HeadHunter Group ADR (A) | 1664 | 17 |
| **Total Russia** |  | 341 |
| **Singapore — 9.0%** |  |  |
| *Communication Services — 6.1%* |  |  |
| &nbsp;&nbsp;&nbsp;Sea ADR\* | 15926 | 929601 |
| *Industrials — 2.9%* |  |  |
| &nbsp;&nbsp;&nbsp;Grab Holdings, Cl A\* | 147231 | 444637 |
| **Total Singapore** |  | 1374238 |
| **South Africa — 1.3%** |  |  |
| *Communication Services — 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;MultiChoice Group | 28125 | 196739 |
| **South Korea — 31.1%** |  |  |
| *Communication Services — 16.6%* |  |  |
| &nbsp;&nbsp;&nbsp;AfreecaTV | 594 | 38734 |
| &nbsp;&nbsp;&nbsp;CJ ENM | 763 | 48481 |
| &nbsp;&nbsp;&nbsp;Com2uS Holdings | 312 | 10255 |
| &nbsp;&nbsp;&nbsp;Com2uSCorp | 602 | 28392 |
| &nbsp;&nbsp;&nbsp;Gravity ADR | 470 | 19514 |
| &nbsp;&nbsp;&nbsp;Kakao | 15330 | 655580 |
| &nbsp;&nbsp;&nbsp;Kakao Games\* | 2587 | 85328 |
| &nbsp;&nbsp;&nbsp;Krafton\* | 1964 | 338043 |
| &nbsp;&nbsp;&nbsp;NAVER | 4900 | 694772 |
| &nbsp;&nbsp;&nbsp;NCSoft | 1182 | 421679 |
| &nbsp;&nbsp;&nbsp;Neowiz\* | 968 | 29689 |
| &nbsp;&nbsp;&nbsp;Netmarble | 1613 | 59868 |
| &nbsp;&nbsp;&nbsp;NHN\* | 1264 | 23673 |
| &nbsp;&nbsp;&nbsp;Pearl Abyss\* | 1947 | 64218 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair Value |
| **South Korea — continued** | **South Korea — continued** |  |
| *Communication Services — continued* |  |  |
| &nbsp;&nbsp;&nbsp;Webzen\* | 1253 | $15724 |
|  |  | 2533950 |
| *Consumer Discretionary — 11.9%* |  |  |
| &nbsp;&nbsp;&nbsp;Coupang, Cl A\* | 64969 | 1265596 |
| &nbsp;&nbsp;&nbsp;Delivery Hero\* | 12601 | 531572 |
| &nbsp;&nbsp;&nbsp;Modetour Network | 1110 | 13466 |
|  |  | 1810634 |
| *Financials — 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;KakaoBank\* | 17076 | 324338 |
| *Information Technology — 0.5%* |  |  |
| &nbsp;&nbsp;&nbsp;Danal\* | 4035 | 17439 |
| &nbsp;&nbsp;&nbsp;Kakaopay\* | 1577 | 63255 |
|  |  | 80694 |
| **Total South Korea** |  | 4749616 |
| **Sweden — 0.3%** |  |  |
| *Information Technology — 0.3%* |  |  |
| &nbsp;&nbsp;&nbsp;Truecaller, Cl B\* | 12133 | 43543 |
| **Turkey — 0.1%** |  |  |
| *Consumer Discretionary — 0.1%* |  |  |
| &nbsp;&nbsp;&nbsp;D-MARKET Elektronik Hizmetler ve Ticaret ADR\* | 21706 | 15014 |
| **United Arab Emirates — 0.2%** |  |  |
| *Communication Services — 0.2%* |  |  |
| &nbsp;&nbsp;&nbsp;Yalla Group ADR\* | 9373 | 32712 |
| **United States — 0.0%** |  |  |
| *Industrials — 0.0%* |  |  |
| &nbsp;&nbsp;&nbsp;Swvl Holdings\* | 4267 | 1579 |
| **Uruguay — 0.6%** |  |  |
| *Information Technology — 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;Dlocal, Cl A\* | 5984 | 87366 |
| Total Common Stock |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $21,700,033) |  | 15229119 |
| Total Investments in Securities - 99.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $21,700,033) |  | $15229119 |

---

Percentages are based on net assets of $15,266,440.

\* Non-income producing security. <br> (A) Level 3 security in accordance with fair value hierarchy.

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (concluded)

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint Stock Company

The following is a summary of the inputs used as of November 30, 2022, in valuing the Fund's investments carried at value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3<sup>(1)</sup> | Total |
| Common Stock | Common Stock | Common Stock | Common Stock | Common Stock |
| &nbsp;&nbsp;&nbsp;Argentina | $24948 | $— | $— | $24948 |
| &nbsp;&nbsp;&nbsp;Brazil | 3124944 |  |  | 3124944 |
| &nbsp;&nbsp;&nbsp;Egypt | 31910 |  |  | 31910 |
| &nbsp;&nbsp;&nbsp;Germany | 34703 |  |  | 34703 |
| &nbsp;&nbsp;&nbsp;India | 2871611 |  |  | 2871611 |
| &nbsp;&nbsp;&nbsp;Indonesia | 589767 |  |  | 589767 |
| &nbsp;&nbsp;&nbsp;Japan | 657444 |  |  | 657444 |
| &nbsp;&nbsp;&nbsp;Kazakhstan | 1123320 |  |  | 1123320 |
| &nbsp;&nbsp;&nbsp;Poland | 269324 |  |  | 269324 |
| &nbsp;&nbsp;&nbsp;Russia |  |  | 341 | 341 |
| &nbsp;&nbsp;&nbsp;Singapore | 1374238 |  |  | 1374238 |
| &nbsp;&nbsp;&nbsp;South Africa | 196739 |  |  | 196739 |
| &nbsp;&nbsp;&nbsp;South Korea | 4749616 |  |  | 4749616 |
| &nbsp;&nbsp;&nbsp;Sweden | 43543 |  |  | 43543 |
| &nbsp;&nbsp;&nbsp;Turkey | 15014 |  |  | 15014 |
| &nbsp;&nbsp;&nbsp;United Arab Emirates | 32712 |  |  | 32712 |
| &nbsp;&nbsp;&nbsp;United States | 1579 |  |  | 1579 |
| &nbsp;&nbsp;&nbsp;Uruguay | 87366 |  |  | 87366 |
| Total Investments in Securities | $15228778 | $— | $341 | $15229119 |

---

*(1) A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.*

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund's most recent semiannual and annual financial statements.

EMQ-QH-001-1700

## 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:** FMQQ The Next Frontier Internet & Ecommerce ETF

- **b. EDGAR series identifier (if any):** S000073704

- **c. LEI of Series:** 549300RHTKUJDQ8LQE59

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $15276802.37

**Total Liabilities:** $10362.02

**Net Assets:** $15266440.35

**Cash Not Reported:** $27703.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230780 | 8.33%                | -1.52%               | -11.88%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-46.26                  | $1111318.26                                |
| Month 2  | $-631.06                 | $-198205.98                                |
| Month 3  | $-12778.00               | $-1793811.02                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Truecaller AB                                           | TRUECALLER AB-B COMMON STOCK                             | CUSIP: N/A<br>LEI: 549300TEYF1FA5G5GK26       | Long             | EC               |  | SE        |     12133 | NS      | $43542.63     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Projekt SA                                           | CD PROJEKT SA COMMON STOCK                               | CUSIP: N/A<br>LEI: 259400TYO5Q8SH8TL437       | Long             | EC               |  | PL        |      4951 | NS      | $142840.59    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TCS GROUP HOLDING PLC                                   | TCS GROUP HOLDING-GDR REG S DEPOSITARY RECEIPT           | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               |  | GB        |      5934 | NS      | $59.34        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GRAB HOLDINGS LIMITED                                   | GRAB HOLDINGS LTD - CL A COMMON STOCK                    | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               |  | US        |    147231 | NS      | $444637.62    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AfreecaTV Co., Ltd.                                     | AFREECATV CO LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       594 | NS      | $38733.75     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Zomato Ltd                                              | ZOMATO LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               |  | IN        |    207308 | NS      | $166103.51    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG, INC.                                           | COUPANG INC COMMON STOCK                                 | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               |  | US        |     64969 | NS      | $1265596.12   | 8.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MultiChoice Group Limited                               | MULTICHOICE GROUP LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               |  | ZA        |     28125 | NS      | $196738.49    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Yalla Group Ltd                                         | YALLA GROUP LTD DEPOSITARY RECEIPT                       | CUSIP: 98459U103<br>LEI: 254900JO9GJYWVJTAX89 | Long             | EC               |  | US        |      9373 | NS      | $32711.77     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Energy Exchange Ltd                              | INDIAN ENERGY EXCHANGE LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800JRG8ZOKN1KAE97       | Long             | EC               |  | IN        |     51641 | NS      | $93755.81     | 0.61%             |  |  |  | Yes           |                  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        |     50856 | NS      | $107599.37    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Netmarble Corporation                                   | NETMARBLE CORP COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1613 | NS      | $59867.57     | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank Jago Tbk PT                                        | BANK JAGO TBK PT COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | ID        |    355000 | NS      | $103578.81    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Com2uSCorporation                                       | COM2US CORP COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       602 | NS      | $28391.70     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXON Co., Ltd.                                         | NEXON CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               |  | JP        |     31700 | NS      | $657444.46    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Games Corp.                                       | KAKAO GAMES CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      2587 | NS      | $85327.75     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NEOWIZ                                                  | NEOWIZ COMMON STOCK                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       968 | NS      | $29689.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nazara Technologies Ltd                                 | NAZARA TECHNOLOGIES LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 894500B0646LKDKI2B52       | Long             | EC               |  | IN        |      2436 | NS      | $17654.63     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFTON, Inc.                                           | KRAFTON INC COMMON STOCK                                 | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               |  | KR        |      1964 | NS      | $338042.99    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED                | MOTILAL OSWAL FINANCIAL SERV COMMON STOCK                | CUSIP: N/A<br>LEI: 3358004GYYY6FUXX1P93       | Long             | EC               |  | IN        |      2656 | NS      | $21613.61     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HAPPIEST MINDS TECHNOLOGIES LIMITED                     | HAPPIEST MINDS TECHNOLOGIES COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800CFVR5OM5M7Y410       | Long             | EC               |  | IN        |      2966 | NS      | $34510.84     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| One 97 Communications Ltd                               | ONE 97 COMMUNICATIONS LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23       | Long             | EC               |  | IN        |      9296 | NS      | $54986.36     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                                           | ALLEGRO.EU SA COMMON STOCK                               | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               |  | PL        |     25698 | NS      | $126483.36    | 0.83%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CJ ENM CO., Ltd.                                        | CJ ENM CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 9884005N1TS61ILH6840       | Long             | EC               |  | KR        |       763 | NS      | $48481.18     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGAZINE LUIZA S.A.                                     | MAGAZINE LUIZA SA COMMON STOCK                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    220312 | NS      | $142439.49    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| INFO EDGE (INDIA) LIMITED                               | INFO EDGE INDIA LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               |  | IN        |      5136 | NS      | $251867.31    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAVITY Co., Ltd.                                       | GRAVITY CO LTD-SPONSORED ADR DEPOSITARY RECEIPT          | CUSIP: 38911N206<br>LEI: 529900NZDBA9C6G28L55 | Long             | EC               |  | US        |       470 | NS      | $19514.40     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Afya Ltd                                                | AFYA LTD-CLASS A COMMON STOCK                            | CUSIP: G01125106<br>LEI: 54930008Y7J8Z1BSDT57 | Long             | EC               |  | US        |      2565 | NS      | $38526.30     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo de Moda SOMA S.A.                                 | GRUPO DE MODA SOMA SA COMMON STOCK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     37197 | NS      | $81201.33     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd                                              | DLOCAL LTD COMMON STOCK                                  | CUSIP: G29018101<br>LEI: N/A                  | Long             | EC               |  | US        |      5984 | NS      | $87366.40     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GoTo Gojek Tokopedia PT Tbk                             | GOTO GOJEK TOKOPEDIA TBK PT COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | ID        |  46309300 | NS      | $444503.34    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| HEADHUNTER GROUP PLC                                    | HEADHUNTER GROUP PLC-ADR DEPOSITARY RECEIPT              | CUSIP: 42207L106<br>LEI: 549300IMUCFEWXP6RU11 | Long             | EC               |  | US        |      1664 | NS      | $16.64        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yandex N.V.                                             | YANDEX NV-A COMMON STOCK                                 | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               |  | US        |     10305 | NS      | $103.05       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NHN Corporation                                         | NHN CORP COMMON STOCK                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1264 | NS      | $23672.75     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corporation                                       | NAVER CORP COMMON STOCK                                  | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               |  | KR        |      4900 | NS      | $694771.96    | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VTEX                                                    | VTEX -CLASS A COMMON STOCK                               | CUSIP: G9470A102<br>LEI: N/A                  | Long             | EC               |  | US        |      3962 | NS      | $15610.28     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TeamLease Services Ltd                                  | TEAMLEASE SERVICES LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 335800SX5B4O4YX1WA11       | Long             | EC               |  | IN        |       743 | NS      | $22758.16     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGEL ONE LIMITED                                       | ANGEL ONE LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               |  | IN        |      2621 | NS      | $51403.77     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Route Mobile Ltd                                        | ROUTE MOBILE LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 254900ACRLX7ASC1F147       | Long             | EC               |  | IN        |      1772 | NS      | $28894.24     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                             | SEA LTD-ADR DEPOSITARY RECEIPT                           | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               |  | US        |     15926 | NS      | $929600.62    | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Webzen Inc.                                             | WEBZEN INC COMMON STOCK                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1253 | NS      | $15723.66     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE, INC.                                      | MERCADOLIBRE INC COMMON STOCK                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |      1562 | NS      | $1454198.57   | 9.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Affle (India) Ltd                                       | AFFLE INDIA LTD COMMON STOCK                             | CUSIP: N/A<br>LEI: 335800VOXUF6XMCWSD89       | Long             | EC               |  | IN        |      3538 | NS      | $54484.41     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Jumia Technologies AG                                   | JUMIA TECHNOLOGIES AG-ADR DEPOSITARY RECEIPT             | CUSIP: 48138M105<br>LEI: 391200JWCL5VCOSXNT56 | Long             | EC               |  | US        |      7577 | NS      | $34702.66     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI | D-MARKET ELECTRONIC SERV-ADR DEPOSITARY RECEIPT          | CUSIP: 23292B104<br>LEI: 9845004CF6A069998F16 | Long             | EC               |  | US        |     21706 | NS      | $15014.04     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGSEGURO DIGITAL LTD.                                  | PAGSEGURO DIGITAL LTD-CL A COMMON STOCK                  | CUSIP: G68707101<br>LEI: N/A                  | Long             | EC               |  | US        |     14918 | NS      | $157086.54    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Stock Company Kaspi.kz                            | JSC KASPI.KZ GDR-REG S DEPOSITARY RECEIPT                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               |  | GB        |     14800 | NS      | $1123320.00   | 7.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PearlAbyss Corp.                                        | PEARL ABYSS CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1947 | NS      | $64218.45     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bukalapak.com Tbk PT                                    | BUKALAPAK.COM PT TBK COMMON STOCK                        | CUSIP: N/A<br>LEI: 89450012N75X9LCSQB06       | Long             | EC               |  | ID        |   2292900 | NS      | $41685.12     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc.                                                 | XP INC - CLASS A COMMON STOCK                            | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               |  | US        |     19001 | NS      | $332707.51    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTCOM GROUP LIMITED                                 | BRIGHTCOM GROUP LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 894500RYNX6NVXDTV715       | Long             | EC               |  | IN        |    104325 | NS      | $45990.18     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KakaoPay Corp                                           | KAKAOPAY CORP COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1577 | NS      | $63254.58     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Limited                                      | MAKEMYTRIP LTD COMMON STOCK                              | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               |  | US        |      4420 | NS      | $131229.80    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Pet Center Comercio e Participacoes S.A.                | PET CENTER COMERCIO E PARTIC COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     22464 | NS      | $31482.41     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellect Design Arena Ltd                              | INTELLECT DESIGN ARENA LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 3358004QZC2VU3T3ZI04       | Long             | EC               |  | IN        |      5001 | NS      | $28214.82     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                             | RELIANCE INDUSTRIES LTD COMMON STOCK                     | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               |  | IN        |     41512 | NS      | $1392301.35   | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                                          | PB FINTECH LTD COMMON STOCK                              | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               |  | IN        |     10796 | NS      | $60021.05     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd                                         | NU HOLDINGS LTD/CAYMAN ISL-A COMMON STOCK                | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               |  | US        |    117549 | NS      | $523093.05    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Locaweb Servicos De Internet SA                         | LOCAWEB SERVICOS DE INTERNET COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     27036 | NS      | $43339.45     | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Com2uS Holdings Corporation                             | COM2US HOLDINGS CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       312 | NS      | $10255.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAL CO., LTD.                                         | DANAL CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      4035 | NS      | $17439.06     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ozon Holdings PLC                                       | OZON HOLDINGS PLC - ADR DEPOSITARY RECEIPT               | CUSIP: 69269L104<br>LEI: 213800GXSI7E5V776B13 | Long             | EC               |  | US        |      8369 | NS      | $83.69        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CVC Brasil Operadora e Agencia de Viagens S.A.          | CVC BRASIL OPERADORA E AGENC COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     16758 | NS      | $15901.43     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCO PLATFORM LIMITED                                   | ARCO PLATFORM LTD - CLASS A COMMON STOCK                 | CUSIP: G04553106<br>LEI: N/A                  | Long             | EC               |  | US        |      1949 | NS      | $17618.96     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Indiamart Intermesh Ltd                                 | INDIAMART INTERMESH LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 335800VCSXC76EXLSH68       | Long             | EC               |  | IN        |       966 | NS      | $51998.44     | 0.34%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NCSOFT CORPORATION                                      | NCSOFT CORP COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1182 | NS      | $421678.74    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Swvl Holdings Corp                                      | SWVL HOLDINGS CORP SPECIAL PURPOSE ACQUISITION COMPANIES | CUSIP: G86302109<br>LEI: 254900YBV6FCSGOW6E19 | Long             | EC               |  | US        |      4267 | NS      | $1578.79      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                        | DELIVERY HERO SE COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               |  | DE        |     12601 | NS      | $531572.25    | 3.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ICICI SECURITIES LIMITED                                | ICICI SECURITIES LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 335800RT5NJ3UPWK7351       | Long             | EC               |  | IN        |      6401 | NS      | $41458.29     | 0.27%             |  |  |  | Yes           |                  1 | On Loan: No      |
| VK Company Limited                                      | VK CO LTD DEPOSITARY RECEIPT                             | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EC               |  | GB        |      7810 | NS      | $78.10        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kakao Corp.                                             | KAKAO CORP COMMON STOCK                                  | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               |  | KR        |     15330 | NS      | $655580.24    | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd.                                            | STONECO LTD-A COMMON STOCK                               | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               |  | US        |     17998 | NS      | $210216.64    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICANAS S.A.                                         | AMERICANAS SA COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     31109 | NS      | $61522.32     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Railway Catering and Tourism Corporation Ltd     | INDIAN RAILWAY CATERING & TO COMMON STOCK                | CUSIP: N/A<br>LEI: 335800TVHEFK23CTJG98       | Long             | EC               |  | IN        |     18593 | NS      | $168084.44    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TANLA PLATFORMS LIMITED                                 | TANLA PLATFORMS LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 335800WPW7BCANYPB766       | Long             | EC               |  | IN        |      4802 | NS      | $46680.73     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KakaoBank Corp                                          | KAKAOBANK CORP COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     17076 | NS      | $324338.48    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Despegar.com Corp                                       | DESPEGAR.COM CORP COMMON STOCK                           | CUSIP: G27358103<br>LEI: N/A                  | Long             | EC               |  | US        |      4620 | NS      | $24948.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MODETOURNETWORKINC.                                     | MODETOUR NETWORK INC COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      1110 | NS      | $13466.28     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fawry for Banking Technology and Electronic Payment SAE | FAWRY FOR BANKING & PAYMENT COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | EG        |    161523 | NS      | $31909.84     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

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

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO