Pursuant
to Rule 17f-1 [17 CFR 270.17f-1]
1.
Investment Company Act File Number:
811-22310
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Date
examination completed:
February
8, 2021
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2.
State identification Number:
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AL
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AK
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AZ
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AR
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CA
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CO
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CT
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DE
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DC
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FL
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GA
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HI
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ID
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IL
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IN
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IA
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KS
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KY
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LA
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ME
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MD
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MA
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MI
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MN
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MS
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MO
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MT
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NE
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NV
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NH
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NJ
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NM
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NY
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NC
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ND
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OH
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OK
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OR
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PA
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RI
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SC
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SD
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TN
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TX
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UT
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VT
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VA
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WA
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WV
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WI
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WY
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PUERTO
RICO
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Other
(specify):
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3.
Exact name of investment company as specified in registration statement:
ETFMG
Alternative Harvest ETF (A Series of ETF Managers Trust)
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4.
Address of principal executive office (number, street, city, state, zip code):
30
Maple Street, Suite 2 Summit, NJ 07901
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Instructions
This Form must be completed by investment
companies that place or maintain securities or similar investments in the custody of a company that is a member of a national securities
exchange.
Investment Company
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1.
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All items must be completed by the investment company.
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2.
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Give this Form to the independent public accountant who,
in compliance with Rule 17f-1 under the Act and applicable state law, examines securities and similar investments in the custody
of a company that is a member of a national securities exchange.
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Accountant
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3.
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Submit this Form to the Securities and Exchange Commission
and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-1 under the Act
and applicable state law. File the original and one copy with the Securities and Exchange Commission’s principal office
in Washington, D.C., one copy with the regional office for the region in which the investment company’s principal business
operations are conducted, and one copy with the appropriate state administrator(s), if applicable.
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THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT
PUBLIC ACCOUNTANT
SEC 2205 (11-03)
SEC’s Collection of Information
An agency may not conduct or sponsor, and
a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Filing
of Form N-17f-1 is mandatory for an investment company that maintains securities or similar investments in the custody of a member
of a National Securities Exchange. Rule 17f-1 under section 17(f) of the Investment Company Act of 1940 requires the investment
company to retain an independent public accountant to verify the company’s securities and similar investments by actual examination
three times during each fiscal year. The accountant must prepare a certificate stating that the examination has occurred and describing
the examination, and must transmit the certificate to the Commission with Form N-17f-1 as a cover sheet. The Commission uses the
Form to ensure that the certificate is properly attributed to the investment company. The Commission estimates that the burden
of completing Form N-17f-1 is approximately 0.16 hours per filing. Any member of the public may direct to the Commission any comments
concerning the accuracy of the burden estimate of this Form, and any suggestions for reducing the burden of the Form. This collection
of information has been reviewed by the Office of Management and Budget in accordance with the clearance requirements of 44 U.S.C.
§ 3507. Responses to this collection of information will not be kept confidential.
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ETF Managers Group
30 Maple Street, 2nd
Floor I Summit, NJ 07901
T: 844. ETF.MGRS
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Management Statement Regarding Compliance
with Certain
Provisions of the Investment Company Act of 1940
February 8, 2021
We, as members of management
of ETFMG Alternative Harvest ETF (the “Company”), are responsible for complying with the requirements of subsections
(b)(1) and (b)(6) of Rule 17f-1, “Custody of Securities with Members of National Securities Exchanges,” of the Investment
Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with
those requirements. We have performed an evaluation of the Company’s compliance with the requirements of subsections (b)(1) and
(b)(6) of Rule 17f-1 as of March 31, 2020, and from October 1, 2019 through March 31, 2020.
Based on this evaluation, we
assert that the Company was in compliance with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 of the Investment
Company Act of 1940 as of March 31, 2020, and from October 1, 2019 through March 31, 2020 with respect to securities reflected
in the investment account of the Company.
ETFMG Alternative Harvest ETF (“MJ”)
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/s/ John A. Flanagan
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John A. Flanagan
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Principal Financial Officer
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/s/ Samuel Masucci III
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Samuel Masucci III
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Principal Executive Officer
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REPORT OF INDEPENDENT PUBLIC ACCOUNTANT
To the Shareholders and Board of Directors of
ETFMG Alternative Harvest ETF
We have examined management’s assertion,
included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of
1940, that ETFMG Alternative Harvest ETF (the “Company”) (a series of ETF Managers Trust) complied in all material
respects with certain provisions of subsections (b)(1) and (b)(6) of Rule 17f-1 of the Investment Company Act of 1940 (the “Act”)
as of March 31, 2020, and for the period from October 1, 2019 to March 31, 2020. Management is responsible for its assertion about
compliance with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 of the Act (the specified requirements). Our responsibility
is to express an opinion on management’s assertion about the Company’s compliance with the specified requirements based
on our examination.
Our examination was conducted in accordance
with attestation standards established by the American Institute of Certified Public Accountants (“AICPA”). Those standards
require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance
with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain
evidence about whether management’s assertion is fairly stated in all material respects. The nature, timing and extent of
the procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management’s
assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable
basis for our opinion.
Included among our procedures were the
following tests performed as of March 31, 2020, and with respect to agreement of security purchases for the period from October
1, 2019 to March 31, 2020:
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Confirmation of all securities held by institutions in book entry form with Wedbush Securities, as well as any unsettled transactions
as of March 31, 2020
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Confirmation of all securities hypothecated, pledged, placed in escrow, or out for transfer with brokers, pledgees, or transfer
agents
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Reconciliation of funds and securities to books and records of accounts maintained by the Company
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Confirmation of all repurchase agreements and securities lending arrangements with brokers and agreement of underlying collateral
with Wedbush Securities’ records
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Agreement of 400 security purchases, 586 security sales, 647 in-kind subscriptions, and 661 in-kind
redemptions for the period from October 1, 2019 to March 31, 2020 from the books and records of the Company to the broker confirmations.
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We believe that our examination provides
a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with specified
requirements.
In our opinion, management’s assertion
that ETFMG Alternative Harvest ETF complied with the requirements of subsections (b)(1) and (b)(6) of Rule 17f-1 of the Investment
Company Act of 1940 as of March 31, 2020, with respect to securities reflected in the investment account of the Company is fairly
stated, in all material respects.
This report is intended solely for the
information and use of management and the Board of Directors of ETFMG Alternative Harvest ETF and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these specified parties.
February 8, 2021
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