182560 MJ Print - ETFMG

TM

MJ Annual Report September 30, 2018

ETFMG Alternative Harvest ETF Ticker: MJ

The fund is a series of ETF Managers Trust.

ETFMG Alternative Harvest ETF TABLE OF CONTENTS September 30, 2018

Shareholders' Letter Growth of $10,000 Investment Top Ten Holdings Important Disclosures and Key Risk Factors Portfolio Allocations Schedule of Investments Statement of Assets and Liabilities Statement of Operations Statements of Changes in Net Assets Financial Highlights Notes to the Financial Statements Report of Independent Registered Public Accounting Firm Expense Example Supplementary Information Information About Portfolio Holdings Information About Proxy Voting Frequency Distribution of Premiums and Discounts Trustees and Officers Table Privacy Policy

Page 2 3 4 5 6 7 10 11 12 13 14 23 24 25 26 26 27 28 30

1

ETFMG Alternative Harvest ETF

Dear Shareholder, On behalf of the entire team, we want to express our appreciation for the confidence you have placed in the ETFMG Alternative Harvest ETF ("MJ" or the "Fund"). The following information pertains to the fiscal year ended September 30, 2018. The Fund tracks the Prime Alternative Harvest Index (the "Index"), designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Prime Alternative Harvest Index (the "Index"). On December 26, 2017, the Fund's investment objective and principal investment strategy were substantially revised. The performance and average annual total returns shown for periods prior to December 26, 2017 is likely to have differed had the Fund's current investment strategy been in effect during those periods. For the fiscal year ended September 30, 2018, the total return for the Fund was 33.85%, which reflects the performance of the Fund under two different investment strategies for the period. The total return for the Index was 40.56%. The difference was primarily attributable to two different investment strategies utilized for the period and, additionally, Fund expenses that are not a part of the Index. The best performers on the basis of contribution to return were Tilray, Canopy Growth and Cronos Group, while the worst performers were Auxly Cannabis Growth, Isodiol International and Newstrike Brands. There is much ahead for environmentally sustainable and socially responsible investing. We are thankful you have joined us by investing in the ETFMG Alternative Harvest ETF. We thank you for your interest in the Fund. You can find further details about MJ by visiting , or by calling 1-844-ETF-MGRS (1-844-383-6477). Sincerely,

Samuel Masucci III Chairman of the Board

2

ETFMG Alternative Harvest ETF Growth of $10,000 (Unaudited)

$22,000

$21,000

$20,000

$19,000

$18,000

$17,000

$16,000

$15,000

$14,000

$13,000

$12,000

$11,000

$10,000

$9,000

$8,000

12/02/200115/29/200136/31/200156/31/200176/31/200196/30/201116/30/200116/31/200137/31/200157/31/200177/31/200197/30/201117/30/200117/31/200138/31/200158/31/200178/31/200198/30/2018

ETFMG Alternative Harvest ETF (NAV)

ETFMG Alternative Harvest ETF (Market)

S&P 500 Index

Prime Alternative Harvest Index

Average Annual Returns Year Ended September 30, 2018 ETFMG Alternative Harvest ETF (NAV) ETFMG Alternative Harvest ETF (Market) S&P 500 Index 2 Prime Alternative Harvest Index 2

Total Fund Operating Expenses 1

1 Year Return

33.85% 30.10% 18.61% 40.56%

Since Inception (12/3/2015) 27.15% 26.14% 13.41% 28.73%

0.75%

1. The expense ratio is taken from the Fund's most recent prospectus dated January 31, 2018.

2. The return reflects the actual performance through September 28, 2018 (the last day of the fiscal year that the New York Stock Exchange was open) to maintain consistency with the Fund's net asset value calculations used for shareholder transactions.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).

The chart illustrates the performance of a hypothetical $10,000 investment made on December 2, 2015, and is not intended to imply any future performance. The returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions from the sale of Fund shares. The chart assumes reinvestment of capital gains and dividends, if any. The unmanaged indices do not reflect fees and are not available for direct investment.

3

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download