# EDGAR Filing Document

**Accession Number:** 0001467831
**File Stem:** 0001145549-23-008875
**Filing Date:** 2023-2
**Character Count:** 58986
**Document Hash:** 34b1c428ecc1965ca7ed58d269c37f11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008875.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008875

**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:** 23660969

**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 Sit Ultra Short ETF (Series ID: S000065810)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000212680 | ETFMG Sit Ultra Short ETF | VALT            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ETFMG Sit Ultra Short ETF** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Principal Amount** |<br><br>**Value** |
| **CORPORATE BONDS - 83.6%** | | |
| **Bermuda - 2.6%** | | |
| **Commercial and Industrial Machinery and Equipment Rental and Leasing - 2.6%** | | |
| Triton Container International, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.150%, 06/07/2024 (a) | 3550000 | $3288127 |
| **Ireland - 1.1%** |  |  |
| **Capital Goods - 1.1%** |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1.750%, 10/29/2024 | 1500000 | 1382175 |
| **United Kingdom - 1.8%** |  |  |
| **Banks - 1.8%** |  |  |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.024%, (3 Month LIBOR USD + 1.380%), 05/16/2024 (b) | 2281000 | 2281104 |
| **United States - 78.1%** |  |  |
| **Automotive - 7.1%** |  |  |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.815%, (3 Month LIBOR USD + 0.150%), 02/22/2023 (b) | 575000 | 574757 |
| &nbsp;&nbsp;&nbsp; 4.962%, (3 Month LIBOR USD + 0.370%), 05/10/2023 (b) | 450000 | 449686 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.578%, (SOFR + 0.760%), 03/08/2024 (b) | 2244000 | 2211884 |
| &nbsp;&nbsp;&nbsp; 4.416%, (SOFR + 0.620%), 10/15/2024 (b) | 1000000 | 972216 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp; 1.250%, 09/18/2023 (a) | 2564000 | 2485567 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.450%, 07/01/2024 (a) | 2200000 | 2126552 |
|  |  | 8820662 |
| **Banks - 18.4%** |  |  |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.963%, (BSBY3M + 0.430%), 05/28/2024 (b) | 1704000 | 1688391 |
| &nbsp;&nbsp;&nbsp; 3.864%, (3 Month LIBOR USD + 0.940%), 07/23/2024 (b) | 1194000 | 1183459 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.352%, (3 Month LIBOR USD + 0.897%), 04/24/2025 (b) | 2557000 | 2478766 |
| &nbsp;&nbsp;&nbsp; 0.981%, (SOFR + 0.669%), 05/01/2025 (b) | 2000000 | 1873009 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.750%, 07/01/2024 | 500000 | 477906 |
| Comerica Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/27/2025 | 1436000 | 1394881 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.845%, (SOFR + 0.980%), 06/07/2025 (b) | 2500000 | 2446662 |
| KeyBank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.150%, 08/08/2025 | 2100000 | 2056608 |
| Manufacturers & Traders Trust Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.400%, 11/21/2025 | 1250000 | 1258955 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.007%, (3 Month LIBOR USD + 0.680%), 07/26/2023 (b) | 1005000 | 1005319 |
| PNC Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 04/10/2025 | 2268000 | 2212795 |
| The Huntington National Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.008%, (SOFR + 1.205%), 05/16/2025 (b) | 850000 | 832866 |
| Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp; 3.689%, (3 Month LIBOR USD + 0.735%), 08/02/2024 (b) | 3300000 | 3271225 |
| Webster Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.375%, 02/15/2024 | 750000 | 735498 |
|  |  | 22916340 |
| **Capital Goods - 0.8%** |  |  |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.800%, 08/18/2024 | 1040000 | 958770 |
| **Communication Equipment - 0.5%** |  |  |
| Motorola Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 09/01/2024 | 580000 | 569962 |
| **Commercial and Industrial Machinery - 0.4%** |  |  |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.116%, (3 Month LIBOR USD + 0.510%), 05/15/2023 (b) | 495000 | 495388 |
| **Consumer Services - 0.8%** |  |  |
| 7-Eleven, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 0.800%, 02/10/2024 (a) | 1000000 | 951917 |
| **Diversified Financial Services - 3.6%** |  |  |
| BGC Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.375%, 07/24/2023 | 1245000 | 1239352 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; 5.770%, (3 Month LIBOR USD + 1.220%), 05/08/2024 (b) | 2242000 | 2246175 |
| &nbsp;&nbsp;&nbsp; 3.620%, (SOFR + 1.160%), 04/17/2025 (b) | 1000000 | 976646 |
|  |  | 4462173 |
| **Health Care Equipment & Supplies - 3.4%** |  |  |
| Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.160%, (SOFRINDX + 0.350%), 04/18/2023 (b) | 1040000 | 1037710 |
| &nbsp;&nbsp;&nbsp; 4.200%, (SOFRINDX + 0.390%), 10/18/2023 (b) | 1750000 | 1743937 |
| Zimmer Biomet Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.450%, 11/22/2024 | 1500000 | 1396287 |
|  |  | 4177934 |
| **Insurance - 21.2%** |  |  |
| Brighthouse Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.499%, (SOFR + 0.760%), 04/12/2024 (a)(b) | 3693000 | 3658306 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.200%, 09/15/2024 | 3453000 | 3392353 |
| CNO Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.650%, 01/06/2025 (a) | 3000000 | 2783481 |
| Equitable Financial Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.082%, (SOFR + 0.390%), 04/06/2023 (a)(b) | 995000 | 995049 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 0.900%, 09/20/2024 (a) | 2700000 | 2470050 |
| Fairfax US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 08/13/2024 (a) | 745000 | 727548 |
| Finial Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.125%, 10/15/2023 | 1415000 | 1435705 |
| Health Care Service Corp A Mutual Legal Reserve Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.500%, 06/01/2025 (a) | 2000000 | 1840742 |
| Jackson Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.125%, 11/22/2023 | 500000 | 481586 |
| Jackson National Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 06/11/2025 (a) | 718000 | 690536 |
| John Hancock Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.375%, 02/15/2024 (a)(b) | 495000 | 504777 |
| Metropolitan Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.875%, 02/15/2024 (a) | 1695000 | 1732449 |
| Nationwide Mutual Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.059%, (3 Month LIBOR USD + 2.290%), 12/15/2024 (a)(b)(c) | 3000000 | 2992950 |
| Pacific Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.900%, 12/30/2023 (a) | 1700000 | 1732900 |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 2.500%, 10/30/2024 (a) | 1000000 | 946684 |
|  |  | 26385116 |
| **Multi-Utilites - 16.6%** |  |  |
| Atlantic City Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.375%, 09/01/2024 | 535000 | 517518 |
| Baltimore Gas and Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.350%, 07/01/2023 | 870000 | 863855 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.655%, (SOFRINDX + 0.650%), 05/13/2024 (b) | 2473000 | 2444689 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 03/01/2024 | 1845000 | 1806164 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.220%, 11/01/2025 | 1000000 | 984090 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.469%, (SOFR + 0.250%), 06/10/2023 (b) | 1836000 | 1831027 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 0.436%, (SOFRINDX + 0.250%), 05/10/2023 (b) | 1540000 | 1537501 |
| &nbsp;&nbsp;&nbsp; 4.119%, (SOFRINDX + 0.380%), 01/12/2024 (b) | 899000 | 892764 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.503%, (SOFR + 0.400%), 08/07/2023 (b) | 1792000 | 1785887 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.250%, 11/15/2025 | 805000 | 762864 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp; 3.350%, 07/01/2025 | 1000000 | 959880 |
| Potomac Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.600%, 03/15/2024 | 1000000 | 983819 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp; 2.900%, 05/15/2025 | 283000 | 270070 |
| Public Service Electric and Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.050%, 11/15/2024 | 585000 | 566098 |
| &nbsp;&nbsp;&nbsp; 3.000%, 05/15/2025 | 460000 | 441154 |
| The Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.950%, 07/01/2023 | 2000000 | 1981011 |
| Union Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.500%, 04/15/2024 | 1000000 | 982023 |
| Wisconsin Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.100%, 06/01/2025 | 450000 | 430483 |
| &nbsp;&nbsp;&nbsp; 5.350%, 11/10/2025 | 589000 | 596662 |
|  |  | 20637559 |
| **Oil, Gas & Consumable Fuels - 1.9%** |  |  |
| Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.150%, 01/15/2023 | 500000 | 499574 |
| Magellan Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.200%, 03/15/2025 | 1992000 | 1901889 |
|  |  | 2401463 |
| **Professional Services - 0.7%** |  |  |
| Equifax, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.950%, 06/15/2023 | 842000 | 837345 |
| **Retailing - 1.6%** |  |  |
| Genuine Parts Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.750%, 02/01/2025 | 2089000 | 1953410 |
| **Transportation - 1.1%** |  |  |
| United Parcel Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.193%, (3 Month LIBOR USD + 0.450%), 04/01/2023 (b) | 1345000 | 1345366 |
| Total United States |  | 96913405 |
| TOTAL CORPORATE BONDS (Cost $106,450,066) |  | 103864811 |
| **MUNICIPAL BONDS - 3.8%** |  |  |
| **United States - 3.8%** |  |  |
| Colorado Bridge Enterprise |  |  |
| &nbsp;&nbsp;&nbsp; 0.923%, 12/31/2023 | 2000000 | 1915384 |
| Homewood Educational Building Authority |  |  |
| &nbsp;&nbsp;&nbsp; 2.000%, 12/01/2023 | 620000 | 601078 |
| Indiana Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 0.955%, 03/01/2024 | 450000 | 430073 |
| Iowa Student Loan Liquidity Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.586%, 12/01/2023 | 1000000 | 987093 |
| Kentucky Housing Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.800%, 01/01/2024 | 350000 | 335558 |
| Minnesota Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp; 2.498%, 07/01/2023 | 245000 | 241857 |
| North Springs Improvement District |  |  |
| &nbsp;&nbsp;&nbsp; 1.000%, 05/01/2023 | 215000 | 212406 |
| TOTAL MUNICIPAL BONDS (Cost $4,885,664) |  | 4723449 |
| **U.S. GOVERNMENT AGENCY ISSUES - 5.2%** |  |  |
| **United States - 5.2%** |  |  |
| Federal Home Loan Banks |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 08/28/2025 | 2000000 | 1965105 |
| &nbsp;&nbsp;&nbsp; 5.500%, 11/24/2025 | 1000000 | 999941 |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.050%, 07/21/2025 | 1800000 | 1767385 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp; 4.125%, 08/28/2025 | 1700000 | 1669189 |
| TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $6,500,000) |  | 6401620 |
| **SHORT-TERM INVESTMENTS - 7.4%** |  |  |
| **U.S. Treasury Bills - 2.4%** |  |  |
| United States Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/22/2023 | 3000000  | 2935882  |
| **U.S. Treasury Debt - 2.4%** |  |  |
| United States Cash Management Bill |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 01/10/2023 | 3000000  | 2998053  |
| **Money Market Funds - 2.6%** |  |  |
| First American Government Obligations Fund - Class X, 4.08% (d) | 3223754 | 3223754 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $9,157,464) |  | 9157688 |
| **Total Investments (Cost $126,993,194) - 100.0%** |  | 124147568 |
| **Other Assets in Excess of Liabilities - 0.0%** |  | 28058 |
| **TOTAL NET ASSETS - 100.0%** |  | $124175626 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| | |
|:---|:---|
| PLC | Public Limited Company |
| (a) | Restriced 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 $29,927,635, which represents 24.10% of total net assets. |
| (b) | Variable rate security based on a reference index and spread. The rate reported is the rate in effect as of December 31, 2022. |
| (c) | Variable rate security. The coupon is based on an underlying pool of assets. The rate reported is the rate in effect as of December 31, 2022. |
| (d) | The rate shown is the seven-day yield at period end. |
| The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services"). | The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services"). |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

------

ETF Managers Trust

---

| | |
|:---|:---|
| The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). | The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). |
| **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access. |
| 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: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **VALT** | | | | |
| <u>Assets^</u> | Level 1 | Level 2 | Level 3 | Total |
| Fixed Income |  |  |  |  |
| Corporate Bonds | $- | $103864811 | $- | $103864811 |
| Municipal Bonds | - | 4723449 | - | 4723449 |
| U.S. Government Agency Issues | - | 6401620 | - | 6401620 |
| Short-Term Investments | 9157688 | - | - | 9157688 |
| Total Investments in Securities | $9157688 | $114989880 | $- | $124147568 |

---

---

| |
|:---|
| <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 Sit Ultra Short ETF

- **b. EDGAR series identifier (if any):** S000065810

- **c. LEI of Series:** 549300GKNILOXP5WYO32

**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:** $130858043.07

**Total Liabilities:** $6682436.81

**Net Assets:** $124175606.26

**Cash Not Reported:** $2837.54

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 4361.340000000000 | **1-Year:** 8343.410000000000 | **5-Year:** 1854.180000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212680 | -0.10%               | 0.92%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-105061.70              | $-330256.75                                |
| Month 2  | $-107250.80              | $917657.97                                 |
| Month 3  | $-154327.66              | $357409.08                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796ZQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2935881.66   | 2.36%             | 2023-06-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                     | Federal National Mortgage Association                     | CUSIP: 3135G06V0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   1700000 | PA      | $1669188.66   | 1.34%             | 2025-08-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3223754 | NS      | $3223753.80   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORIDA POWER & LIGHT CO       | Florida Power & Light Co                                  | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1537501.10   | 1.24%             | 2023-05-10      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO       | Florida Power & Light Co                                  | CUSIP: 341081GH4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    899000 | PA      | $892763.79    | 0.72%             | 2024-01-12      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                           | CUSIP: 37045XDF0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2244000 | PA      | $2211883.87   | 1.78%             | 2024-03-08      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                           | CUSIP: 37045XDN3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972216.38    | 0.78%             | 2024-10-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO               | Genuine Parts Co                                          | CUSIP: 372460AB1<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   2089000 | PA      | $1953410.03   | 1.57%             | 2025-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JOHN HANCOCK LIFE INS C0       | John Hancock Life Insurance Co                            | CUSIP: 41020VAA9<br>LEI: 5493007TRSDJMZ8TBY32 | Long             | DBT              | CORP              | US        |    495000 | PA      | $504777.40    | 0.41%             | 2024-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP       | Health Care Service Corp A Mutual Legal Reserve Co        | CUSIP: 42218SAD0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1840741.72   | 1.48%             | 2025-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD AL EDUCTNL BLDG AUTHR | Homewood Educational Building Authority                   | CUSIP: 437887HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $601078.34    | 0.48%             | 2023-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK       | Huntington National Bank/The                              | CUSIP: 44644MAD3<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    850000 | PA      | $832865.87    | 0.67%             | 2025-05-16      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                   | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2564000 | PA      | $2485566.96   | 2.00%             | 2023-09-18      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                 | CUSIP: 45506ECP6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    450000 | PA      | $430072.65    | 0.35%             | 2024-03-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY | Iowa Student Loan Liquidity Corp                          | CUSIP: 462590MW7<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987093.50    | 0.79%             | 2023-12-01      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                       | CUSIP: 46647PDE3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2446661.55   | 1.97%             | 2025-06-14      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC          | Jackson Financial Inc                                     | CUSIP: 46817MAJ6<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481586.02    | 0.39%             | 2023-11-22      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL       | Jackson National Life Global Funding                      | CUSIP: 46849LTC5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    718000 | PA      | $690536.31    | 0.56%             | 2025-06-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP HSG REVEN | Kentucky Housing Corp                                     | CUSIP: 49130TVY9<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    350000 | PA      | $335557.60    | 0.27%             | 2024-01-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                    | KeyBank NA/Cleveland OH                                   | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2056608.48   | 1.66%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC              | Kinder Morgan Inc                                         | CUSIP: 49456BAM3<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499573.70    | 0.40%             | 2023-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                                             | CUSIP: 55261FAK0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1005319.00   | 0.81%             | 2023-07-26      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO       | Manufacturers & Traders Trust Co                          | CUSIP: 55279HAT7<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1258954.79   | 1.01%             | 2025-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MAGELLAN MIDSTREAM PARTN       | Magellan Midstream Partners LP                            | CUSIP: 559080AH9<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | DBT              | CORP              | US        |   1992000 | PA      | $1901889.57   | 1.53%             | 2025-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                          | CUSIP: 60416TQU5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    245000 | PA      | $241856.85    | 0.19%             | 2023-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                            | CUSIP: 61744YAG3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2242000 | PA      | $2246174.00   | 1.81%             | 2024-05-08      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                            | CUSIP: 61747YEQ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976646.47    | 0.79%             | 2025-04-17      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC         | Motorola Solutions Inc                                    | CUSIP: 620076BF5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    580000 | PA      | $569961.64    | 0.46%             | 2024-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP       | National Rural Utilities Cooperative Finance Corp         | CUSIP: 63743HFB3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1792000 | PA      | $1785887.00   | 1.44%             | 2023-08-07      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA       | Nationwide Mutual Insurance Co                            | CUSIP: 638671AJ6<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2992950.03   | 2.41%             | 2024-12-15      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE INS CO       | Metropolitan Life Insurance Co                            | CUSIP: 644162AB5<br>LEI: 549300H7EXFMRS487544 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1732449.38   | 1.40%             | 2024-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NORTH SPRINGS FL IMPT DIST     | North Springs Improvement District                        | CUSIP: 662542DB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $212405.64    | 0.17%             | 2023-05-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO              | NSTAR Electric Co                                         | CUSIP: 67021CAK3<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    805000 | PA      | $762863.55    | 0.61%             | 2025-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE INSURANCE C       | Pacific Life Insurance Co                                 | CUSIP: 694606AA2<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1732899.08   | 1.40%             | 2023-12-30      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                | CUSIP: 695114CS5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $959880.07    | 0.77%             | 2025-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp             | CUSIP: 709599BF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2126552.27   | 1.71%             | 2024-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| POTOMAC ELECTRIC POWER         | Potomac Electric Power Co                                 | CUSIP: 737679DG2<br>LEI: 549300BXF2DWUNN57U06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983818.95    | 0.79%             | 2024-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO        | Public Service Co of Colorado                             | CUSIP: 744448CL3<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    283000 | PA      | $270069.66    | 0.22%             | 2025-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC        | Public Service Electric and Gas Co                        | CUSIP: 74456QBK1<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    585000 | PA      | $566097.70    | 0.46%             | 2024-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC        | Public Service Electric and Gas Co                        | CUSIP: 74456QBL9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    460000 | PA      | $441153.88    | 0.36%             | 2025-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II         | Reliance Standard Life Global Funding II                  | CUSIP: 75951AAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946683.92    | 0.76%             | 2024-10-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven Inc                                              | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951917.33    | 0.77%             | 2024-02-10      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                    | Southern Co/The                                           | CUSIP: 842587CU9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981011.04   | 1.60%             | 2023-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                               | CUSIP: 86787EAY3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3271226.08   | 2.63%             | 2024-08-02      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINANCIAL CORP         | Webster Financial Corp                                    | CUSIP: 947890AH2<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735497.72    | 0.59%             | 2024-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER       | Wisconsin Electric Power Co                               | CUSIP: 976656CH9<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    450000 | PA      | $430483.23    | 0.35%             | 2025-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE       | Wisconsin Public Service Corp                             | CUSIP: 976843BP6<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |    589000 | PA      | $596662.26    | 0.48%             | 2025-11-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS         | Zimmer Biomet Holdings Inc                                | CUSIP: 98956PAU6<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1396286.91   | 1.12%             | 2024-11-22      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| FINIAL HOLDINGS INC            | Finial Holdings Inc                                       | CUSIP: 989822AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1435705.24   | 1.16%             | 2023-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1500000 | PA      | $1382174.97   | 1.11%             | 2024-10-29      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                            | CUSIP: 00914AAP7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $958770.21    | 0.77%             | 2024-08-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp                               | CUSIP: 02665WDG3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449685.72    | 0.36%             | 2023-05-10      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp                               | CUSIP: 02665WDV0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    575000 | PA      | $574756.95    | 0.46%             | 2023-02-22      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY ELECTRIC         | Atlantic City Electric Co                                 | CUSIP: 048303CF6<br>LEI: 549300S5TW3VP5V06B73 | Long             | DBT              | CORP              | US        |    535000 | PA      | $517518.03    | 0.42%             | 2024-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BGC PARTNERS INC               | BGC Partners Inc                                          | CUSIP: 05541TAK7<br>LEI: TF1LXM1YNB81WKUH5G19 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1239352.48   | 1.00%             | 2023-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC       | Baltimore Gas and Electric Co                             | CUSIP: 059165EF3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    870000 | PA      | $863855.24    | 0.70%             | 2023-07-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                      | CUSIP: 06051GHL6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1194000 | PA      | $1183458.57   | 0.95%             | 2024-07-23      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                      | CUSIP: 06051GJX8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1662000 | PA      | $1646776.08   | 1.33%             | 2024-05-28      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                              | CUSIP: 06738EBC8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2281000 | PA      | $2281103.90   | 1.84%             | 2024-05-16      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND        | Brighthouse Financial Global Funding                      | CUSIP: 10921U2B3<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   3693000 | PA      | $3658305.63   | 2.95%             | 2024-04-12      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                         | CUSIP: 115236AA9<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3453000 | PA      | $3392353.20   | 2.73%             | 2024-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                | CMS Energy Corp                                           | CUSIP: 125896BM1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1806164.28   | 1.45%             | 2024-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp                       | CUSIP: 14913Q2M0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    495000 | PA      | $495387.60    | 0.40%             | 2023-05-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC         | CenterPoint Energy Inc                                    | CUSIP: 15189TAZ0<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2473000 | PA      | $2444689.29   | 1.97%             | 2024-05-13      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                             | CUSIP: 172967MF5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2557000 | PA      | $2478766.85   | 2.00%             | 2025-04-24      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                             | CUSIP: 172967MX6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1873009.36   | 1.51%             | 2025-05-01      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP       | Citizens Financial Group Inc                              | CUSIP: 174610AL9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477906.06    | 0.38%             | 2024-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING             | CNO Global Funding                                        | CUSIP: 18977W2B5<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2783480.76   | 2.24%             | 2025-01-06      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BRIDGE ENTERPRISE  | Colorado Bridge Enterprise                                | CUSIP: 19633SAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1915384.00   | 1.54%             | 2023-12-31      | Fixed         | 0.92%                 | No            |                  2 | On Loan: No      |
| COMERICA BANK                  | Comerica Bank                                             | CUSIP: 200339DX4<br>LEI: 70WY0ID1N53Q4254VH70 | Long             | DBT              | CORP              | US        |   1436000 | PA      | $1394881.17   | 1.12%             | 2025-07-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                    | PNC Bank NA                                               | CUSIP: 20453KAA3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2268000 | PA      | $2212795.29   | 1.78%             | 2025-04-10      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                             | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984089.54    | 0.79%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp                                          | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1836000 | PA      | $1831026.59   | 1.47%             | 2023-06-10      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                    | Equifax Inc                                               | CUSIP: 294429AN5<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    842000 | PA      | $837345.10    | 0.67%             | 2023-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE       | Equitable Financial Life Global Funding                   | CUSIP: 29449WAH0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    995000 | PA      | $995048.77    | 0.80%             | 2023-04-06      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING             | F&G Global Funding                                        | CUSIP: 30321L2B7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2470050.75   | 1.99%             | 2024-09-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| FAIRFAX US INC                 | Fairfax US Inc                                            | CUSIP: 304071AA1<br>LEI: 549300JGURHUEU25AZ92 | Long             | DBT              | CORP              | US        |    745000 | PA      | $727548.31    | 0.59%             | 2024-08-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks                                   | CUSIP: 3130ASYR4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1965105.74   | 1.58%             | 2025-08-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks                                   | CUSIP: 3130ATSM0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $999940.70    | 0.81%             | 2025-11-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                    | Federal Home Loan Mortgage Corp                           | CUSIP: 3134GXG24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1800000 | PA      | $1767384.41   | 1.42%             | 2025-07-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific Inc                              | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1037709.91   | 0.84%             | 2023-04-18      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific Inc                              | CUSIP: 883556CR1<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1743936.81   | 1.40%             | 2023-10-18      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER               | Triton Container International Ltd                        | CUSIP: 89680YAB1<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |   3550000 | PA      | $3288127.29   | 2.65%             | 2024-06-07      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO              | Union Electric Co                                         | CUSIP: 906548CK6<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982022.68    | 0.79%             | 2024-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE          | United Parcel Service Inc                                 | CUSIP: 911312BJ4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1345365.26   | 1.08%             | 2023-04-01      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** ETF Managers Trust

**Signature:** /s/ John Flanagan

**Name of Signer:** John Flanagan

**Title:** Chief Financial Officer