# EDGAR Filing Document

**Accession Number:** 0001452937
**File Stem:** 0001752724-23-015853
**Filing Date:** 2023-1
**Character Count:** 79520
**Document Hash:** 3e75404e3ddebbe449607af85751cf51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015853.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-015853

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCHANGE TRADED CONCEPTS TRUST
- **CENTRAL INDEX KEY:** 0001452937
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22263
- **FILM NUMBER:** 23560434

**BUSINESS ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120
- **BUSINESS PHONE:** 405-778-8377

**MAIL ADDRESS:**
- **STREET 1:** 10900 HEFNER POINTE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES TRUST
- **DATE OF NAME CHANGE:** 20090717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAITHSHARES INC
- **DATE OF NAME CHANGE:** 20090225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VERITAS FUNDS INC
- **DATE OF NAME CHANGE:** 20081230

## Series and Classes Contracts Data

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

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

## Nport-Ex

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited)

---

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

---

---

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

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

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

---

---

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

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

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

---

---

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

---

**EMQQ**

**The Emerging Markets Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (concluded)

---

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

---

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

\* Non-income producing security.

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

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

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

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

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint Stock Company

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

---

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

---

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

 

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

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited)

---

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

---

---

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

---

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (continued)

---

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

---

---

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

---

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

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

**FMQQ**

**The Next Frontier Internet & Ecommerce ETF**

Schedule of Investments

November 30, 2022 (Unaudited) (concluded)

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

JSC — Joint Stock Company

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

---

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

---

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

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

EMQ-QH-001-1700

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EXCHANGE TRADED CONCEPTS TRUST

- **b. Investment Company Act file number:** 811-22263

- **c. CIK number of Registrant:** 0001452937

- **d. LEI of Registrant:** 549300TXJW88BSB0KL90

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

  - **Street Address 1:** 10900 HEFNER POINTE DRIVE

  - **City:** OKLAHOMA CITY

  - **State:** OK

  - **Foreign country:** US

  - **Zip / Postal Code:** 73120

  - **Telephone number:** 4057788377

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

- **a. Name of Series:** EMQQ Emerging Markets Internet & E-Commerce Index

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

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

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $546015125.09

**Total Liabilities:** $1251381.48

**Net Assets:** $544763743.61

**Cash Not Reported:** $1754734.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000148468 | 28.57%               | -14.97%              | -15.31%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-727851.17              | $122700865.24                              |
| Month 2  | $-8924861.80             | $-64887285.57                              |
| Month 3  | $-6241438.91             | $-86935818.82                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Afya Ltd                                                | AFYA LTD-CLASS A COMMON STOCK                            | CUSIP: G01125106<br>LEI: 54930008Y7J8Z1BSDT57 | Long             | EC               |  | US        |     19977 | NS      | $300054.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTCOM GROUP LIMITED                                 | BRIGHTCOM GROUP LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 894500RYNX6NVXDTV715       | Long             | EC               |  | IN        |    830060 | NS      | $365920.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VTEX                                                    | VTEX -CLASS A COMMON STOCK                               | CUSIP: G9470A102<br>LEI: N/A                  | Long             | EC               |  | US        |     30962 | NS      | $121990.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED           | ALIBABA HEALTH INFORMATION T COMMON STOCK                | CUSIP: N/A<br>LEI: 529900GE9653COPX1I86       | Long             | EC               |  | HK        |   2380000 | NS      | $1948395.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Locaweb Servicos De Internet SA                         | LOCAWEB SERVICOS DE INTERNET COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    216400 | NS      | $346895.11    | 0.06%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BAOZUN INC.                                             | BAOZUN INC-CLASS A COMMON STOCK                          | CUSIP: N/A<br>LEI: 549300IF0HZ7T4762633       | Long             | EC               |  | HK        |    112735 | NS      | $154540.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo de Moda SOMA S.A.                                 | GRUPO DE MODA SOMA SA COMMON STOCK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    294100 | NS      | $642022.51    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Swvl Holdings Corp                                      | SWVL HOLDINGS CORP SPECIAL PURPOSE ACQUISITION COMPANIES | CUSIP: G86302109<br>LEI: 254900YBV6FCSGOW6E19 | Long             | EC               |  | US        |     33365 | NS      | $12345.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Railway Catering and Tourism Corporation Ltd     | INDIAN RAILWAY CATERING & TO COMMON STOCK                | CUSIP: N/A<br>LEI: 335800TVHEFK23CTJG98       | Long             | EC               |  | IN        |    146075 | NS      | $1320547.24   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NHN Corporation                                         | NHN CORP COMMON STOCK                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     10078 | NS      | $188745.19    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Jago Tbk PT                                        | BANK JAGO TBK PT COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | ID        |   2798800 | NS      | $816609.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ATRenew Inc                                             | ATRENEW INC DEPOSITARY RECEIPT                           | CUSIP: 00138L108<br>LEI: N/A                  | Long             | EC               |  | US        |     81652 | NS      | $140441.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CVC Brasil Operadora e Agencia de Viagens S.A.          | CVC BRASIL OPERADORA E AGENC COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    134275 | NS      | $127411.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corporation                                       | NAVER CORP COMMON STOCK                                  | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               |  | KR        |     83077 | NS      | $11779504.11  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                             | RELIANCE INDUSTRIES LTD COMMON STOCK                     | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               |  | IN        |   1216305 | NS      | $40794543.73  | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VK Company Limited                                      | VK CO LTD DEPOSITARY RECEIPT                             | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EC               |  | GB        |    117354 | NS      | $1173.54      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Futu Holdings Ltd                                       | FUTU HOLDINGS LTD-ADR DEPOSITARY RECEIPT                 | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               |  | US        |     46989 | NS      | $2889353.61   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MultiChoice Group Limited                               | MULTICHOICE GROUP LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               |  | ZA        |    212795 | NS      | $1488532.17   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fire Rock Holdings Ltd                                  | FIRE ROCK HOLDINGS LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |   1092000 | NS      | $1399.01      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Allegro.eu SA                                           | ALLEGRO.EU SA COMMON STOCK                               | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               |  | PL        |    202875 | NS      | $998533.42    | 0.18%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tongcheng Travel Holdings Limited                       | TONGCHENG TRAVEL HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               |  | HK        |    606400 | NS      | $1295849.34   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Maoyan Entertainment                                    | MAOYAN ENTERTAINMENT COMMON STOCK                        | CUSIP: N/A<br>LEI: 254900DBFLAM1EAPV891       | Long             | EC               |  | HK        |    204200 | NS      | $195422.97    | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ANGEL ONE LIMITED                                       | ANGEL ONE LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               |  | IN        |     20634 | NS      | $404679.65    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KakaoPay Corp                                           | KAKAOPAY CORP COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     12402 | NS      | $497452.93    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Yidu Tech Inc                                           | YIDU TECH INC COMMON STOCK                               | CUSIP: N/A<br>LEI: 894500MV4XUIRRLRHV44       | Long             | EC               |  | HK        |    207100 | NS      | $137438.73    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI | D-MARKET ELECTRONIC SERV-ADR DEPOSITARY RECEIPT          | CUSIP: 23292B104<br>LEI: 9845004CF6A069998F16 | Long             | EC               |  | US        |    169580 | NS      | $117298.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFTON, Inc.                                           | KRAFTON INC COMMON STOCK                                 | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               |  | KR        |     15450 | NS      | $2659248.59   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXON Co., Ltd.                                         | NEXON CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               |  | JP        |    261600 | NS      | $5425472.27   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc.                                                 | XP INC - CLASS A COMMON STOCK                            | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               |  | US        |    149139 | NS      | $2611423.89   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INFO EDGE (INDIA) LIMITED                               | INFO EDGE INDIA LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               |  | IN        |     40376 | NS      | $1980022.33   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| iDreamSky Technology Holdings Ltd                       | IDREAMSKY TECHNOLOGY HOLDING COMMON STOCK                | CUSIP: N/A<br>LEI: 5493000UY4MRWCX8J010       | Long             | EC               |  | HK        |    423600 | NS      | $215449.62    | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TENCENT HOLDINGS LIMITED                                | TENCENT HOLDINGS LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |   1018292 | NS      | $37467614.17  | 6.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PChome online Inc.                                      | PCHOME ONLINE INC COMMON STOCK                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |     80000 | NS      | $129426.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZhongAn Online P & C Insurance Co., Ltd.                | ZHONGAN ONLINE P&C INSURAN-H COMMON STOCK                | CUSIP: N/A<br>LEI: 5299006845ISFI2WAI41       | Long             | EC               |  | HK        |    344100 | NS      | $886094.42    | 0.16%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bukalapak.com Tbk PT                                    | BUKALAPAK.COM PT TBK COMMON STOCK                        | CUSIP: N/A<br>LEI: 89450012N75X9LCSQB06       | Long             | EC               |  | ID        |  17913300 | NS      | $325665.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITU, INC.                                             | MEITU INC COMMON STOCK                                   | CUSIP: N/A<br>LEI: 529900P2POH56W116T02       | Long             | EC               |  | HK        |   1261500 | NS      | $177778.49    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                                  | TRIP.COM GROUP LTD COMMON STOCK                          | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               |  | HK        |    370711 | NS      | $11189483.26  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Com2uSCorporation                                       | COM2US CORP COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      4817 | NS      | $227180.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Truecaller AB                                           | TRUECALLER AB-B COMMON STOCK                             | CUSIP: N/A<br>LEI: 549300TEYF1FA5G5GK26       | Long             | EC               |  | SE        |     94788 | NS      | $340172.99    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Webzen Inc.                                             | WEBZEN INC COMMON STOCK                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      9997 | NS      | $125450.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CLOUD HOLDINGS LIMITED                         | KINGSOFT CLOUD HOLDINGS-ADR DEPOSITARY RECEIPT           | CUSIP: 49639K101<br>LEI: 875500HZE0VKCD0Z8K15 | Long             | EC               |  | US        |    140745 | NS      | $425049.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                            | JD.COM INC - CL A COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               |  | HK        |   1234094 | NS      | $34593526.00  | 6.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCO PLATFORM LIMITED                                   | ARCO PLATFORM LTD - CLASS A COMMON STOCK                 | CUSIP: G04553106<br>LEI: N/A                  | Long             | EC               |  | US        |     15265 | NS      | $137995.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Momo Com Inc                                            | MOMO.COM INC COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |     36880 | NS      | $715989.06    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fsn E-Commerce Ventures Ltd                             | FSN E-COMMERCE VENTURES LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800X5BJYC18NHDQ91       | Long             | EC               |  | IN        |    399464 | NS      | $845172.11    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIBO CORPORATION                                       | WEIBO CORP-CLASS A COMMON STOCK                          | CUSIP: G9515T108<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               |  | HK        |     82784 | NS      | $1325731.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Yalla Group Ltd                                         | YALLA GROUP LTD DEPOSITARY RECEIPT                       | CUSIP: 98459U103<br>LEI: 254900JO9GJYWVJTAX89 | Long             | EC               |  | US        |     73252 | NS      | $255649.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TANLA PLATFORMS LIMITED                                 | TANLA PLATFORMS LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 335800WPW7BCANYPB766       | Long             | EC               |  | IN        |     37493 | NS      | $364473.23    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HAPPIEST MINDS TECHNOLOGIES LIMITED                     | HAPPIEST MINDS TECHNOLOGIES COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800CFVR5OM5M7Y410       | Long             | EC               |  | IN        |     23653 | NS      | $275214.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FinVolution Group                                       | FINVOLUTION GROUP-ADR DEPOSITARY RECEIPT                 | CUSIP: 31810T101<br>LEI: 3003000RAVUT809U6P08 | Long             | EC               |  | US        |     99767 | NS      | $465911.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                        | DELIVERY HERO SE COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               |  | DE        |     98878 | NS      | $4171161.10   | 0.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Intellect Design Arena Ltd                              | INTELLECT DESIGN ARENA LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 3358004QZC2VU3T3ZI04       | Long             | EC               |  | IN        |     39916 | NS      | $225199.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Indiamart Intermesh Ltd                                 | INDIAMART INTERMESH LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 335800VCSXC76EXLSH68       | Long             | EC               |  | IN        |      7624 | NS      | $410389.31    | 0.08%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MakeMyTrip Limited                                      | MAKEMYTRIP LTD COMMON STOCK                              | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               |  | US        |     34834 | NS      | $1034221.46   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Douyu International Holdings Ltd                        | DOUYU INTERNATIONAL HOLD-ADR DEPOSITARY RECEIPT          | CUSIP: 25985W105<br>LEI: 549300M2ADOHTIMACT54 | Long             | EC               |  | US        |    187190 | NS      | $245218.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HUYA Inc.                                               | HUYA INC-ADR DEPOSITARY RECEIPT                          | CUSIP: 44852D108<br>LEI: 549300WPEZ00T1MABE80 | Long             | EC               |  | US        |     51193 | NS      | $139756.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGSEGURO DIGITAL LTD.                                  | PAGSEGURO DIGITAL LTD-CL A COMMON STOCK                  | CUSIP: G68707101<br>LEI: N/A                  | Long             | EC               |  | US        |    117059 | NS      | $1232631.27   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Agora Inc                                               | AGORA INC-ADR DEPOSITARY RECEIPT                         | CUSIP: 00851L103<br>LEI: 5493001S8SBPD13GC964 | Long             | EC               |  | US        |     55669 | NS      | $174800.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pet Center Comercio e Participacoes S.A.                | PET CENTER COMERCIO E PARTIC COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    180100 | NS      | $252403.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd                                         | NU HOLDINGS LTD/CAYMAN ISL-A COMMON STOCK                | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               |  | US        |    922282 | NS      | $4104154.90   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI SECURITIES LIMITED                                | ICICI SECURITIES LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 335800RT5NJ3UPWK7351       | Long             | EC               |  | IN        |     49419 | NS      | $320079.22    | 0.06%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NCSOFT CORPORATION                                      | NCSOFT CORP COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      9312 | NS      | $3322057.85   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| LEXINFINTECH HOLDINGS LTD.                              | LEXINFINTECH HOLDINGS L-ADR DEPOSITARY RECEIPT           | CUSIP: 528877103<br>LEI: 549300F9QU71NQ28CS19 | Long             | EC               |  | US        |     78525 | NS      | $142130.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                                          | PB FINTECH LTD COMMON STOCK                              | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               |  | IN        |     84971 | NS      | $472401.67    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MODETOURNETWORKINC.                                     | MODETOUR NETWORK INC COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      8851 | NS      | $107378.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Netmarble Corporation                                   | NETMARBLE CORP COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     12719 | NS      | $472074.19    | 0.09%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NETEASE, INC.                                           | NETEASE INC COMMON STOCK                                 | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               |  | HK        |   1534880 | NS      | $21492842.74  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Jumia Technologies AG                                   | JUMIA TECHNOLOGIES AG-ADR DEPOSITARY RECEIPT             | CUSIP: 48138M105<br>LEI: 391200JWCL5VCOSXNT56 | Long             | EC               |  | US        |     59145 | NS      | $270884.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GoTo Gojek Tokopedia PT Tbk                             | GOTO GOJEK TOKOPEDIA TBK PT COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | ID        | 500854700 | NS      | $4807491.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                             | SEA LTD-ADR DEPOSITARY RECEIPT                           | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               |  | US        |    302264 | NS      | $17643149.68  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAVITY Co., Ltd.                                       | GRAVITY CO LTD-SPONSORED ADR DEPOSITARY RECEIPT          | CUSIP: 38911N206<br>LEI: 529900NZDBA9C6G28L55 | Long             | EC               |  | US        |      3688 | NS      | $153125.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NetDragon Websoft Holdings Ltd                          | NETDRAGON WEBSOFT HOLDINGS L COMMON STOCK                | CUSIP: N/A<br>LEI: 549300OAYL2PBUPUBR89       | Long             | EC               |  | HK        |    138500 | NS      | $273610.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                                             | KANZHUN LTD - ADR DEPOSITARY RECEIPT                     | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               |  | US        |    228919 | NS      | $4308255.58   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Despegar.com Corp                                       | DESPEGAR.COM CORP COMMON STOCK                           | CUSIP: G27358103<br>LEI: N/A                  | Long             | EC               |  | US        |     36127 | NS      | $195085.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Autohome Inc                                            | AUTOHOME INC-CLASS A COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900NYB6ZGZN3MVT56       | Long             | EC               |  | HK        |    286524 | NS      | $2101530.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Pictures Group Limited                          | ALIBABA PICTURES GROUP LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 213800DWTSI7ACSGHN32       | Long             | EC               |  | HK        |   6970000 | NS      | $379508.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Games Corp.                                       | KAKAO GAMES CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     20383 | NS      | $672298.21    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                       | TENCENT MUSIC ENTERTAINM-ADR DEPOSITARY RECEIPT          | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               |  | US        |    459762 | NS      | $3222931.62   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE, INC.                                      | MERCADOLIBRE INC COMMON STOCK                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |     26346 | NS      | $24527730.81  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| VNET Group, Inc.                                        | VNET Group Incorporation DEPOSITARY RECEIPT              | CUSIP: 90138A103<br>LEI: 529900672GYJQ3T38I58 | Long             | EC               |  | US        |     77690 | NS      | $389226.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LIMITED                           | ALIBABA GROUP HOLDING LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               |  | HK        |   3439108 | NS      | $35203988.11  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| China Ruyi Holdings Limited                             | China Ruyi Holdings Ltd COMMON STOCK                     | CUSIP: N/A<br>LEI: 984500976440498D1C06       | Long             | EC               |  | HK        |   2848799 | NS      | $624104.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICANAS S.A.                                         | AMERICANAS SA COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    245231 | NS      | $484978.02    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hello Group Inc.                                        | HELLO GROUP INC -SPN ADR DEPOSITARY RECEIPT              | CUSIP: 423403104<br>LEI: 549300YMGLID32W48529 | Long             | EC               |  | US        |     93162 | NS      | $534749.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Corp.                                             | KAKAO CORP COMMON STOCK                                  | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               |  | KR        |    172625 | NS      | $7382226.94   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CJ ENM CO., Ltd.                                        | CJ ENM CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 9884005N1TS61ILH6840       | Long             | EC               |  | KR        |      6080 | NS      | $386324.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| XD INC.                                                 | XD INC COMMON STOCK                                      | CUSIP: N/A<br>LEI: 655600SO97YJOKFJGL95       | Long             | EC               |  | HK        |    144000 | NS      | $365280.89    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORPORATION LIMITED                            | KINGSOFT CORP LTD COMMON STOCK                           | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               |  | HK        |    565600 | NS      | $1775312.28   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| One 97 Communications Ltd                               | ONE 97 COMMUNICATIONS LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23       | Long             | EC               |  | IN        |     73162 | NS      | $432757.35    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd                                              | DLOCAL LTD COMMON STOCK                                  | CUSIP: G29018101<br>LEI: N/A                  | Long             | EC               |  | US        |     47250 | NS      | $689850.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED    | KINGDEE INTERNATIONAL SFTWR COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               |  | HK        |   1533000 | NS      | $2529631.67   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NEOWIZ                                                  | NEOWIZ COMMON STOCK                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      7731 | NS      | $237114.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAL CO., LTD.                                         | DANAL CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     32127 | NS      | $138851.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UP Fintech Holding Ltd                                  | UP FINTECH HOLDING LTD - ADR DEPOSITARY RECEIPT          | CUSIP: 91531W106<br>LEI: 213800JJDNMAG3L84P54 | Long             | EC               |  | US        |     80518 | NS      | $417888.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 DigiTech Inc                                        | 360 DIGITECH INC DEPOSITARY RECEIPT                      | CUSIP: 88557W101<br>LEI: N/A                  | Long             | EC               |  | US        |     66512 | NS      | $1043573.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Yandex N.V.                                             | YANDEX NV-A COMMON STOCK                                 | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               |  | US        |    224241 | NS      | $2242.41      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MAGAZINE LUIZA S.A.                                     | MAGAZINE LUIZA SA COMMON STOCK                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |   1729900 | NS      | $1118441.47   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BILIBILI INC.                                           | BILIBILI INC-CLASS Z COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493008V60M52L3PIS45       | Long             | EC               |  | HK        |    170116 | NS      | $2763526.85   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc                             | JD HEALTH INTERNATIONAL INC COMMON STOCK                 | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               |  | HK        |    591800 | NS      | $5163228.49   | 0.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MEITUAN                                                 | MEITUAN-CLASS B COMMON STOCK                             | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               |  | HK        |   1604300 | NS      | $33625453.85  | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tuya Inc                                                | TUYA INC COMMON STOCK                                    | CUSIP: N/A<br>LEI: 254900XKWS2MIZHXCO08       | Long             | EC               |  | HK        |    238312 | NS      | $259210.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fawry for Banking Technology and Electronic Payment SAE | FAWRY FOR BANKING & PAYMENT COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | EG        |   1285616 | NS      | $253981.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAB HOLDINGS LIMITED                                   | GRAB HOLDINGS LTD - CL A COMMON STOCK                    | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               |  | US        |   1155312 | NS      | $3489042.24   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AfreecaTV Co., Ltd.                                     | AFREECATV CO LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      4746 | NS      | $309478.71    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus N.V.                                             | PROSUS NV COMMON STOCK                                   | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               |  | NL        |    512554 | NS      | $32979303.40  | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                                | VIPSHOP HOLDINGS LTD - ADR DEPOSITARY RECEIPT            | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               |  | US        |    341346 | NS      | $3806007.90   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| China Literature Ltd                                    | CHINA LITERATURE LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900YXWIZUFHMK8W28       | Long             | EC               |  | HK        |    230800 | NS      | $823493.69    | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TeamLease Services Ltd                                  | TEAMLEASE SERVICES LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 335800SX5B4O4YX1WA11       | Long             | EC               |  | IN        |      5950 | NS      | $182249.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Affle (India) Ltd                                       | AFFLE INDIA LTD COMMON STOCK                             | CUSIP: N/A<br>LEI: 335800VOXUF6XMCWSD89       | Long             | EC               |  | IN        |     28151 | NS      | $433519.09    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX TREE HOLDINGS LTD                               | PHOENIX TREE HOLDINGS LTD DEPOSITARY RECEIPT             | CUSIP: 719156101<br>LEI: N/A                  | Long             | EC               |  | US        |    179833 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Route Mobile Ltd                                        | ROUTE MOBILE LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 254900ACRLX7ASC1F147       | Long             | EC               |  | IN        |     14142 | NS      | $230599.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Youzan Limited                                    | CHINA YOUZAN LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 254900SU8V2QDTPJ9R43       | Long             | EC               |  | HK        |   8740000 | NS      | $194831.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Com2uS Holdings Corporation                             | COM2US HOLDINGS CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      2506 | NS      | $82371.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LIMITED                                         | NASPERS LTD-N SHS COMMON STOCK                           | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               |  | ZA        |    129719 | NS      | $20117720.77  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Projekt SA                                           | CD PROJEKT SA COMMON STOCK                               | CUSIP: N/A<br>LEI: 259400TYO5Q8SH8TL437       | Long             | EC               |  | PL        |     39018 | NS      | $1125702.69   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ke Holdings Inc                                         | KE HOLDINGS INC-CL A COMMON STOCK                        | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               |  | HK        |   1944242 | NS      | $9913629.06   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| LUFAX HOLDING LTD                                       | LUFAX HOLDING LTD-ADR DEPOSITARY RECEIPT                 | CUSIP: 54975P102<br>LEI: 254900TYH7RTK8E9NH16 | Long             | EC               |  | US        |   1350917 | NS      | $2512705.62   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OneConnect Financial Technology Co Ltd                  | ONECONNECT FINANCIAL TECHNO DEPOSITARY RECEIPT           | CUSIP: 68248T105<br>LEI: N/A                  | Long             | EC               |  | US        |    227525 | NS      | $141770.83    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ozon Holdings PLC                                       | OZON HOLDINGS PLC - ADR DEPOSITARY RECEIPT               | CUSIP: 69269L104<br>LEI: 213800GXSI7E5V776B13 | Long             | EC               |  | US        |    125832 | NS      | $1258.32      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| IQIYI, INC.                                             | IQIYI INC-ADR DEPOSITARY RECEIPT                         | CUSIP: 46267X108<br>LEI: 222100XL8T2Q5B8MS302 | Long             | EC               |  | US        |    229557 | NS      | $681784.29    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMANIA DIGITAL ENTERTAINMENT CO.,LTD.                  | GAMANIA DIGITAL ENTERTAINMEN COMMON STOCK                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |    127000 | NS      | $274912.23    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SOHU.COM LIMITED                                        | SOHU.COM LTD-ADR DEPOSITARY RECEIPT                      | CUSIP: 83410S108<br>LEI: N/A                  | Long             | EC               |  | US        |     22466 | NS      | $332047.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| YEAHKA LIMITED                                          | YEAHKA LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 2549007U7YP15ZP1KO72       | Long             | EC               |  | HK        |    106400 | NS      | $265267.31    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TCS GROUP HOLDING PLC                                   | TCS GROUP HOLDING-GDR REG S DEPOSITARY RECEIPT           | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               |  | GB        |     89202 | NS      | $892.02       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COUPANG, INC.                                           | COUPANG INC COMMON STOCK                                 | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               |  | US        |    602962 | NS      | $11745699.76  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhihu Inc                                               | ZHIHU INC COMMON STOCK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |    182080 | NS      | $423620.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zomato Ltd                                              | ZOMATO LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               |  | IN        |   1627133 | NS      | $1303724.43   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PearlAbyss Corp.                                        | PEARL ABYSS CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     15342 | NS      | $506029.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dada Nexus Ltd                                          | DADA NEXUS LTD-ADR DEPOSITARY RECEIPT                    | CUSIP: 23344D108<br>LEI: 655600D3KK4AC093RT71 | Long             | EC               |  | US        |    149355 | NS      | $930481.65    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Stock Company Kaspi.kz                            | JSC KASPI.KZ GDR-REG S DEPOSITARY RECEIPT                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               |  | GB        |    114243 | NS      | $8671043.70   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED                | MOTILAL OSWAL FINANCIAL SERV COMMON STOCK                | CUSIP: N/A<br>LEI: 3358004GYYY6FUXX1P93       | Long             | EC               |  | IN        |     21239 | NS      | $172835.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                             | BAIDU INC-CLASS A COMMON STOCK                           | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |   1300054 | NS      | $16922104.46  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PINDUODUO INC.                                          | PINDUODUO INC-ADR DEPOSITARY RECEIPT                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               |  | US        |    583670 | NS      | $47884286.80  | 8.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HEADHUNTER GROUP PLC                                    | HEADHUNTER GROUP PLC-ADR DEPOSITARY RECEIPT              | CUSIP: 42207L106<br>LEI: 549300IMUCFEWXP6RU11 | Long             | EC               |  | US        |     25106 | NS      | $251.06       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                     | KUAISHOU TECHNOLOGY COMMON STOCK                         | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               |  | HK        |   1094200 | NS      | $7927360.19   | 1.46%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Indian Energy Exchange Ltd                              | INDIAN ENERGY EXCHANGE LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800JRG8ZOKN1KAE97       | Long             | EC               |  | IN        |    404409 | NS      | $734216.90    | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| KakaoBank Corp                                          | KAKAOBANK CORP COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |    134046 | NS      | $2546045.65   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nazara Technologies Ltd                                 | NAZARA TECHNOLOGIES LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 894500B0646LKDKI2B52       | Long             | EC               |  | IN        |     19393 | NS      | $140548.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd.                                            | STONECO LTD-A COMMON STOCK                               | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               |  | US        |    141651 | NS      | $1654483.68   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Dingdong (Cayman) Ltd                                   | DINGDONG CAYMAN LTD -SPN ADR DEPOSITARY RECEIPT          | CUSIP: 25445D101<br>LEI: 549300S41MY2F7SBDG73 | Long             | EC               |  | US        |     92458 | NS      | $404041.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED       | PING AN HEALTHCARE AND TECHN COMMON STOCK                | CUSIP: N/A<br>LEI: 2549009NW1LO017CP285       | Long             | EC               |  | HK        |    253000 | NS      | $630757.80    | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| WEIMOB INC.                                             | WEIMOB INC COMMON STOCK                                  | CUSIP: N/A<br>LEI: 254900SW0TNGAGYUTV05       | Long             | EC               |  | HK        |   1131000 | NS      | $631754.53    | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Dennis Lowenfels

**Name of Signer:** Dennis Lowenfels

**Title:** CCO