# EDGAR Filing Document

**Accession Number:** 0001467831
**File Stem:** 0001145549-23-008863
**Filing Date:** 2023-2
**Character Count:** 41967
**Document Hash:** 0f55632a4c017c8f99c93e83795281b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008863.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008863

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230930

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22310
- **FILM NUMBER:** 23660938

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

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

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

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

## Series and Classes Contracts Data

### ETFMG Prime Mobile Payments ETF (Series ID: S000050191)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000158449 | ETFMG Prime Mobile Payments ETF | IPAY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ETFMG Prime Mobile Payments ETF** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 99.2%** | | |
| **Australia - 0.2%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 0.2% (d)** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EML Payments, Ltd. (a) | 1734276 | $743894 |
| **Bermuda - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PAX Global Technology, Ltd. | 2767743 | 2393490 |
| **Brazil - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.6% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cielo SA | 7975795 | 7930854 |
| **Canada - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.3% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuvei Corp. (a)(f) | 251869 | 6400895 |
| **Cayman Islands - 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 5.9% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dlocal, Ltd. (a)(b) | 609227 | 9485664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pagseguro Digital, Ltd. - Class A (a)(b) | 758066 | 6625497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StoneCo., Ltd. - Class A (a)(b) | 642483 | 6065040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yeahka, Ltd. (a) | 2557802 | 6865197 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 29041398 |
| **Cyprus - 0.0% (h)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 0.0% (d)(h)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QIWI PLC - ADR (b)(g) | 235051 | – |
| **France - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.9% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Worldline SA (a)(f) | 233120 | 9115783 |
| **Italy - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.9% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexi SpA (a)(f) | 1179467 | 9299986 |
| **Japan - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Finance - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jaccs Co., Ltd. | 84167 | 2645450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.9% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMO Financial Gate, Inc. | 10316 | 1197926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMO Payment Gateway, Inc. | 93981 | 7819815 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 9017741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intelligent Wave, Inc. | 131167 | 720599 |
| Total Japan |  | 12383790 |
| **Netherlands - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 4.3% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adyen NV (a)(f) | 15374 | 21203247 |
| **Puerto Rico - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 1.4% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EVERTEC, Inc. | 206785 | 6695698 |
| **Republic of Korea - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 2.0% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Danal Co., Ltd. (a) | 286741 | 1133812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kakaopay Corp. (a) | 196426 | 8419367 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 9553179 |
| **United Kingdom - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 3.1% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Network International Holdings PLC (a)(f) | 1652544 | 5953602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PayPoint PLC | 198152 | 1221741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wise PLC - Class A (a) | 1150489 | 7827932 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 15003275 |
| **United States - 72.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Finance - 11.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Co. | 195541 | 28891183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc. (b) | 171551 | 6460611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discover Financial Services | 160300 | 15682149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Dot Corp. - Class A (a)(b) | 324017 | 5125949 |
| &nbsp;&nbsp;&nbsp; Total Consumer Finance |  | 56159892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services - 58.1% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. (a)(b) | 537180 | 5194531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Block, Inc. (a)(b) | 313280 | 19686515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boku, Inc. (a)(f) | 814982 | 1374462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cantaloupe, Inc. (a) | 370642 | 1612293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euronet Worldwide, Inc. (a)(b) | 84042 | 7931884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evo Payments, Inc. - Class A (a) | 202555 | 6854461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | 306631 | 20804913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc. (a) | 293226 | 29636351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FleetCor Technologies, Inc. (a) | 59084 | 10852549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flywire Corp. (a)(b) | 325509 | 7965205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | 160924 | 15982972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I3 Verticals, Inc. - Class A (a)(b) | 92784 | 2258363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Money Express, Inc. (a) | 109256 | 2662569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | 59698 | 10480581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marqeta, Inc. - Class A (a)(b) | 1129920 | 6903811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MasterCard, Inc. - Class A | 85360 | 29682232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MoneyGram International, Inc. (a) | 601615 | 6551587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payoneer Global, Inc. (a)(b) | 1274638 | 6972270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc. (a)(b) | 392173 | 27930561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remitly Global, Inc. (a)(b) | 651437 | 7458954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. - Class A (a)(b) | 154680 | 8651252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. - Class A (b) | 141923 | 29485922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Union Co. (b) | 571372 | 7867792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEX, Inc. (a)(b) | 52378 | 8571660 |
| &nbsp;&nbsp;&nbsp; Total IT Services |  | 283373690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACI Worldwide, Inc. (a)(b) | 328222 | 7549106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Corp. (a)(b) | 311237 | 7286058 |
| &nbsp;&nbsp;&nbsp; Total Software |  | 14835164 |
| Total United States |  | 354368746 |
| TOTAL COMMON STOCKS (Cost $695,045,998) |  | 484134235 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 23.2%** |  |  |
| ETFMG Sit Ultra Short ETF (e) | 900000 | 43506000 |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.49% (c) | 69854112 | 69854112 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $114,862,215) |  | 113360112 |
| **SHORT-TERM INVESTMENTS - 0.8%** |  |  |
| **Money Market Funds - 0.8%** |  |  |
| First American Government Obligations Fund - Class X, 4.08% (c) | 3967349 | 3967349 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,967,349) |  | 3967349 |
| **Total Investments (Cost $813,875,562) - 123.2%** |  | 601461696 |
| **Liabilities in Excess of Other Assets - (23.2)%** |  | (113453871) |
| **TOTAL NET ASSETS - 100.0%** |  | $488007825 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was out on loan at December 31, 2022. |
| (c) | The rate shown is the annualized seven-day yield at period end. |
| (d) | As of December 31, 2022 the Fund had a significant portion of its assets in the IT Services Industry. |
| (e) | Affiliated security. A schedule of the Fund's investments in securities of affiliated issuers held during the period ended December 31, 2022 is set forth below. |
| (f) | Restricted security as defined in Rule 144(a) under the Securities Act of 1933. Resale to the public may require registration or may extend only to qualified institutional buyers. At December 31, 2022, the market value of these securities total $53,347,975, which represents 10.9% of total net assets. |
| (g) | Value determined using significant unobservable inputs. The value of this security totals $0, which represents 0.0% of total net assets. Classified as Level 3 in the fair value hierarchy. |
| (h) | Amount is less than 0.05%. |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Value at <br> September 30, <br> 2022 | Purchases | Sales | Net Realized Gain <br> (Losses) | Net Change in <br> Unrealized <br> Appreciation <br> (Depreciation) | Dividend <br> Income | Value at <br> December 31, <br> 2022 | Ending Shares |
| ETFMG Sit Ultra Short ETF | $43267500 | $- | $- | $- | $238500 | $- | $43506000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900000 |

---

---

| |
|:---|
| The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services"). |
| The accompanying notes are an integral part of these financial statements. |

---

------

ETF Managers Trust

---

| | |
|:---|:---|
| The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). | The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). |
| **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access. |
| Level 2 | Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. |
| Level 3 | Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds' own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available. |
| The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: | The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **IPAY** | | | | |
| <u>Assets^</u> | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $484134235 | $- | $-<br><sup>(1)</sup> | $484134235 |
| Short-Term Investments | 3967349 | - | - | 3967349 |
| ETFMG Sit Ultra Short ETF\*\* | 43506000 | - | - | 43506000 |
| Investments Purchased with Securities Lending Collateral\* | - | - | - | 69854112 |
| Total Investments in Securities | $531607584 | $- | $- | $601461696 |

---

---

| |
|:---|
| <sup>(1)</sup> Includes a security valued at $0. |
| ^ See Schedule of Investments for classifications by country and industry |
| \* Certain investments that are measured at fair value used the net asset value per share (or its equivalent) practical expedient have not been |
| &nbsp;&nbsp;&nbsp;&nbsp; categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value |
| &nbsp;&nbsp;&nbsp;&nbsp; hierarchy to the amounts presented in the Schedules of Investments. |
| \*\* Investment was purchased with collateral. |
| \*\*\* Swap contracts are derivative instruments, which are presented at the unrealized appreciation/depreciation on the instrument. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Summit

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07901

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

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

- **a. Name of Series:** ETFMG Prime Mobile Payments ETF

- **b. EDGAR series identifier (if any):** S000050191

- **c. LEI of Series:** 549300IRZZNTG5RM7Y44

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $647361087.29

**Total Liabilities:** $159323396.92

**Net Assets:** $488037690.37

**Cash Not Reported:** $21366.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158449 | 8.25%                | 0.87%                | -4.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1243258.71             | $42266759.26                               |
| Month 2  | $-351118.46              | $4522712.95                                |
| Month 3  | $-12946813.10            | $-12337224.46                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| StoneCo Ltd                               | StoneCo Ltd                                | CUSIP: N/A<br>LEI: 549300O1A9LEF0XZCR35       | Long             | EC               | CORP              | BR        |    642483 | NS      | $6065039.52   | 1.24%             |  |  |  | No            |                  1 | On Loan: —       |
| ACI Worldwide Inc                         | ACI Worldwide Inc                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    328222 | NS      | $7549106.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Affirm Holdings Inc                       | Affirm Holdings Inc                        | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    537180 | NS      | $5194530.60   | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Bread Financial Holdings Inc              | Bread Financial Holdings Inc               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    171551 | NS      | $6460610.66   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| American Express Co                       | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    195541 | NS      | $28891182.75  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantaloupe Inc                            | Cantaloupe Inc                             | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |    370642 | NS      | $1612292.70   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services               | Discover Financial Services                | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |    160300 | NS      | $15682149.00  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ETFMG Sit Ultra Short ETF                 | ETFMG Sit Ultra Short ETF                  | CUSIP: 26924G789<br>LEI: N/A                  | Long             | EC               | RF                | US        |  44406000 | NS      | $87012000.00  | 17.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Evo Payments Inc                          | Evo Payments Inc                           | CUSIP: 26927E104<br>LEI: 549300Z5UL344C8KEC55 | Long             | EC               | CORP              | US        |    202555 | NS      | $6854461.20   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                     | Euronet Worldwide Inc                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     84042 | NS      | $7931883.96   | 1.63%             |  |  |  | No            |                  1 | On Loan: —       |
| EVERTEC Inc                               | EVERTEC Inc                                | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    206785 | NS      | $6695698.30   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp                              | Flywire Corp                               | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    325509 | NS      | $7965205.23   | 1.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Fidelity National Information             | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    306631 | NS      | $20804913.35  | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3967349 | NS      | $3967348.61   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    293226 | NS      | $29636351.82  | 6.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc                 | FleetCor Technologies Inc                  | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     59084 | NS      | $10852549.12  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                       | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    160924 | NS      | $15982971.68  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                            | Green Dot Corp                             | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324017 | NS      | $5125948.94   | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Jack Henry & Associates Inc               | Jack Henry & Associates Inc                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     59698 | NS      | $10480580.88  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express In            | International Money Express Inc            | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109256 | NS      | $2662568.72   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                          | I3 Verticals Inc                           | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     92784 | NS      | $2258362.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Marqeta Inc                               | Marqeta Inc                                | CUSIP: 57142B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1129920 | NS      | $6903811.20   | 1.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Mastercard Inc                            | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     85360 | NS      | $29682232.80  | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MoneyGram International Inc               | MoneyGram International Inc                | CUSIP: 60935Y208<br>LEI: 5299002DLX0Q04KC4156 | Long             | EC               | CORP              | US        |    601615 | NS      | $6551587.35   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp                                  | NCR Corp                                   | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    311237 | NS      | $7286058.17   | 1.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Intelligent Wave Inc                      | Intelligent Wave Inc                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    131167 | NS      | $720598.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Jaccs Co Ltd                              | Jaccs Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     84167 | NS      | $2645450.13   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                       | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    392173 | NS      | $27930561.06  | 5.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Payoneer Global Inc                       | Payoneer Global Inc                        | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1274638 | NS      | $6972269.86   | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| QIWI plc                                  | QIWI plc                                   | CUSIP: 74735M108<br>LEI: 253400VWDGA1977ZTQ68 | Long             | EC               | CORP              | CY        |    235051 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Remitly Global Inc                        | Remitly Global Inc                         | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    651437 | NS      | $7458953.65   | 1.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Shift4 Payments Inc                       | Shift4 Payments Inc                        | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154680 | NS      | $8651252.40   | 1.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Block Inc                                 | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    313280 | NS      | $19686515.20  | 4.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Visa Inc                                  | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    141923 | NS      | $29485922.48  | 6.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Union Co/The                      | Western Union Co/The                       | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    571372 | NS      | $7867792.44   | 1.61%             |  |  |  | No            |                  1 | On Loan: —       |
| WEX Inc                                   | WEX Inc                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     52378 | NS      | $8571659.70   | 1.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  71424833 | NS      | $71424832.91  | 14.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Danal Co Ltd                              | Danal Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    286741 | NS      | $1133811.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPoint PLC                              | PayPoint PLC                               | CUSIP: N/A<br>LEI: 5493004YKWI8U0GDD138       | Long             | EC               | CORP              | GB        |    198152 | NS      | $1221740.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO Payment Gateway Inc                   | GMO Payment Gateway Inc                    | CUSIP: N/A<br>LEI: 353800Q6U21E2PM83F86       | Long             | EC               | CORP              | JP        |     93981 | NS      | $7819815.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX Global Technology Ltd                 | PAX Global Technology Ltd                  | CUSIP: N/A<br>LEI: 5299008CRGPD1WZXCD36       | Long             | EC               | CORP              | HK        |   2767743 | NS      | $2393489.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cielo SA                                  | Cielo SA                                   | CUSIP: N/A<br>LEI: 635400V276LMQ5UZ6C26       | Long             | EC               | CORP              | BR        |   7975795 | NS      | $7930853.50   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EML Payments Ltd                          | EML Payments Ltd                           | CUSIP: N/A<br>LEI: 875500XQSV9MFXDDCD17       | Long             | EC               | CORP              | AU        |   1734276 | NS      | $743893.71    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Boku Inc                                  | Boku Inc                                   | CUSIP: N/A<br>LEI: 549300Y4P2ZPFKCZ0C60       | Long             | EC               | CORP              | US        |    814982 | NS      | $1374461.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Network International Holdings            | Network International Holdings PLC         | CUSIP: N/A<br>LEI: 213800XVRNKWENNLKK60       | Long             | EC               | CORP              | AE        |   1652544 | NS      | $5953601.62   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexi SpA                                  | Nexi SpA                                   | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |   1179467 | NS      | $9299986.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO Financial Gate Inc                    | GMO Financial Gate Inc                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10316 | NS      | $1197926.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeahka Ltd                                | Yeahka Ltd                                 | CUSIP: N/A<br>LEI: 2549007U7YP15ZP1KO72       | Long             | EC               | CORP              | CN        |   2557802 | NS      | $6865197.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                                  | Wise PLC                                   | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |   1150489 | NS      | $7827931.83   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvei Corp                                | Nuvei Corp                                 | CUSIP: 67079A102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    251869 | NS      | $6400895.34   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA/France                       | Worldline SA/France                        | CUSIP: F9867T103<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |    233120 | NS      | $9115783.30   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaopay Corp                             | Kakaopay Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    196426 | NS      | $8419366.71   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |     15374 | NS      | $21203247.31  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd/Uruguay                        | Dlocal Ltd/Uruguay                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | UY        |    609227 | NS      | $9485664.39   | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Pagseguro Digital Ltd                     | Pagseguro Digital Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    758066 | NS      | $6625496.84   | 1.36%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** ETF Managers Trust

**Signature:** /s/ John Flanagan

**Name of Signer:** John Flanagan

**Title:** Chief Financial Officer