Washington, D.C. 20549
Form N-CSR is to be used by management
investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report
that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1).
The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking
roles.
A registrant is required to disclose
the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to
respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management
and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden
estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
EGA Emerging Global Shares Trust
Semi-Annual Report
September 30, 2012
EGShares Basic Materials GEMS ETF
EGShares Beyond BRICs ETF
EGShares Brazil Infrastructure ETF
EGShares China Infrastructure ETF
EGShares Consumer Goods GEMS ETF
EGShares Consumer Services GEMS ETF
EGShares Emerging Markets Consumer ETF
EGShares Emerging Markets Domestic Demand ETF
EGShares Emerging Markets Metals & Mining ETF
EGShares Energy GEMS ETF
EGShares Financials GEMS ETF
EGShares GEMS Composite ETF
EGShares Health Care GEMS ETF
EGShares India Consumer ETF
EGShares India Infrastructure ETF
EGShares India Small Cap ETF
EGShares Industrials GEMS ETF
EGShares Low Volatility Emerging Markets Dividend ETF
EGShares Technology GEMS ETF
EGShares Telecom GEMS ETF
EGShares Utilities GEMS ETF
(This page intentionally left blank.)
Letter to Shareholders
November 2012
Dear Shareholder:
As there are now over 130 emerging market equity ETFs (exchange-traded funds), investors have the benefit — and the burden — of choice as to how to obtain optimum emerging market (EM) exposure. Investors have the tools available to invest
within, not merely to emerging markets, through multiple options for core, geographic, sector, theme and other types of exposure. Through our EGShares family of ETFs, we have emerged as a leading emerging market asset manager, driving us to adopt a
powerful new tagline for the company during the quarter: “The Tools for Emerging Markets.”
EGA’s commitment to product leadership was demonstrated by the two funds we launched during the third quarter. The EGShares Beyond BRICs ETF (BBRC) and the EGShares Emerging Markets Domestic Demand ETF (EMDD) were launched in late August. Both funds
provide exposure to what EGA believes will be the countries (BBRC) or sectors (EMDD) that may be best positioned for future growth in the coming years. These were the 20
th
and 21
st
funds in our ETF portfolio.
From a broader point of view, we are beginning to realize what we have always referred to as “normalization” for investors in emerging markets. Normalization refers to the ability of EM investors to implement investment strategies that are
similar to strategies they use in developed markets investing. We see this as a very important step in EM investing becoming a mainstream or core exposure for all investors.
I appreciate your continued support of our firm and its products.
Sincerely,
Robert C. Holderith
Chairman of the Board, EGA Emerging Global Shares Trust
President & Founder, Emerging Global Advisors, LLC
Robert C. Holderith is a registered representative of ALPS Distributors Inc.
EGA Emerging Global Shares Trust 1
Comments from the Chief Investment Officer & Director of Research
Dear Shareholder:
Roughly one year ago, I wrote the previous version of this semi-annual letter and commented extensively on the uncertainties confronting Europe. It is difficult to gauge if the situation is significantly different today than it was then. Certain
manufacturing and consumption numbers have improved, but not dramatically. The recent U.S. earnings season, punctuated by disappointment from names like Apple, was poor overall and ended the short bull run in virtually all risk asset classes that began
in early June.
An observation: The world stock market bottom was in March of 2009. Since then, major indices representing U.S., emerging market and global stocks show that markets have not been able to sustain a bull run for more than four consecutive quarters. In
between these runs, the pullbacks were short but severe. Corrections were usually within a three-month period, with losses from 10% to 30% depending on the index (S&P 500 Index, MSCI World Index). The fact that higher-risk asset classes such as
stocks and commodities have largely moved in tandem demonstrates the powerful impact that shifting investor risk tolerance has had on markets globally. This indiscriminate environment continues to be challenging for those focused on securities selection,
lending itself more to broad asset allocation decisions.
Over the six-month period ending September 30
th
, expected market volatility (as measured by the VIX Index*) has been relatively low, although still higher than before the 2008 financial crisis. Despite this positive indicator, the high level
of cash among institutional investors suggests that many are not fully committed to riskier investment positions. Yet with explicit comments from policymakers signaling that accommodative policy — and therefore low interest rates — will be
around for at least two more years, the foundation is in place for a sustained bull market in risk assets.
This may be beneficial for investors, but what the global economy needs is for measures such as quantitative easing to spark investment. Not only is there little investment in the Western world where central banks are still, after many years, trying to
engineer a financial revival, but their actions may ignite a new currency war. By deploying their domestic or other developed market currencies to chase higher-yielding currencies/rates in the emerging markets, investors are exporting inflation and
potentially limiting growth in the regions of the world that have, up to now, sustained enviable levels of growth.
Within this environment, Emerging Global Advisors has remained an innovator in the ETF industry. The EGShares Beyond BRICs ETF (BBRC) and EGShares Emerging Markets Domestic Demand ETF (EMDD) were launched in late August. These funds are designed to help
investors gain exposure to what EGA believes will be the countries (BBRC) or sectors (EMDD) that may be best positioned for future growth in coming years. Consistent with our strategic approach, both funds use investible indices to capture their desired
market exposure, rather than rely on broad benchmarks that reflect developed country and industry biases.
Lastly, this letter is written while much of the U.S. Northeast is without power. We thank those who have sent their warm wishes to us and we share the concern for our neighbors during this disaster. As Chief Investment Officer trained in risk
management, I wish to ensure you that the viability of Emerging Global Advisors LLC and the funds we manage remains unchanged due to this unprecedented weather event. Backups for our operating locations and technology have been in place since the
firm’s inception in anticipation of this kind of situation. We care about the integrity of our funds and the processes that govern them and wish to share this assurance with you, our shareholders.
Richard Kang
Chief Investment Officer & Director of Research
October 2012
Richard Kang is a registered representative of ALPS Distributors, Inc.
|
|
*
|
VIX or The Chicago Board Options Exchange Volatility Index
is an index that measures the implied volatility based on the value of S&P 500 Index (a benchmark for large cap US stocks)
option contracts. The VIX is often called the “fear gauge” since with significant market declines, investors pay more
for portfolio insurance in the form of equity index options causing the price of VIX to rise.
|
This manager commentary represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as
research or investment advice.
The S&P 500 Index is a broad-based measure of domestic stock market performance. One cannot invest directly in an index.
MSCI World Index is an index that is designed to measure the equity market performance in global emerging markets. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data
contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.
2 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Basic Materials GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Vale SA Preference A Shares ADR
|
9.3%
|
|
AngloGold Ashanti, Ltd. ADR
|
6.6
|
|
China Shenhua Energy Co., Ltd. Class H
|
6.6
|
|
MMC Norilsk Nickel OJSC ADR
|
5.6
|
|
Uralkali OJSC GDR
|
5.5
|
|
Impala Platinum Holdings, Ltd.
|
4.9
|
|
Grupo Mexico SAB de CV Series B
|
4.7
|
|
Gold Fields, Ltd. ADR
|
4.7
|
|
Gerdau SA Preference Shares ADR
|
4.6
|
|
KGHM Polska Miedz SA
|
4.1
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Basic Materials GEMS ETF (ticker: LGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Basic Materials Titans 30 Index
SM
(“Basic Materials
Underlying Index”). The Basic Materials Underlying Index is comprised of publicly traded firms in the “Basic Materials Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 3
Portfolio Summary
(Unaudited)
EGShares Beyond BRICs ETF
Industry Breakdown*
Top Ten Holdings*
|
MTN Group, Ltd.
|
4.9%
|
|
Fomento Economico Mexicano SAB de CV ADR
|
4.8
|
|
Grupo Modelo SAB de CV Series C
|
4.6
|
|
America Movil SAB de CV Series L ADR
|
4.6
|
|
Grupo Mexico SAB de CV Series B
|
4.3
|
|
Sasol, Ltd.
|
4.2
|
|
Naspers, Ltd. N Shares
|
3.9
|
|
FirstRand, Ltd.
|
3.0
|
|
Astra International Tbk PT
|
2.9
|
|
PTT PCL
|
2.9
|
|
|
*
|
Expressed as a percentage of total investments in securities
as of 9/30/2012. Holdings are subject to change.
|
EGShares Beyond BRICs ETF (ticker: BBRC)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX Beyond BRICs Index (“Underlying Index”). The Underlying Index is comprised of 50
leading companies that INDXX, LLC determines to be representative of all industries in emerging market countries, excluding Brazil, Russia, India and China.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
4 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Brazil Infrastructure ETF
Industry Breakdown*
Top Ten Holdings*
|
CCR SA
|
5.9%
|
|
BR Malls Participacoes SA
|
5.6
|
|
Companhia Siderurgica Nacional SA
|
5.4
|
|
Ultrapar Participacoes SA
|
5.1
|
|
Vale SA
|
5.1
|
|
Companhia de Saneamento Basico do
|
|
|
Estado de Sao Paulo
|
5.0
|
|
Embraer SA
|
5.0
|
|
Oi SA Preference Shares
|
4.8
|
|
Tractebel Energia SA
|
4.6
|
|
Telefonica Brasil SA
|
4.5
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Brazil Infrastructure ETF (ticker: BRXX)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX Brazil Infrastructure Index (“Underlying Index”). The Underlying Index is comprised of
30 leading companies that INDXX, LLC determines to be representative of Brazil’s infrastructure sectors.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry. Because the Fund only invests in Brazilian securities, its NAV will be much more sensitive to changes in economic, political and
other factors within Brazil than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the
economy, currency fluctuations or blockage and the risk of nationalization or expropriation of assets.
EGA Emerging Global Shares Trust 5
Portfolio Summary
(Unaudited)
EGShares China Infrastructure ETF
Industry Breakdown*
Top Ten Holdings*
|
Anhui Conch Cement Co., Ltd. Class H
|
6.0%
|
|
China Oilfield Services, Ltd. Class H
|
5.5
|
|
China Telecom Corp., Ltd. Class H
|
5.3
|
|
Huaneng Power International, Inc. Class H
|
5.2
|
|
Jiangxi Copper Co., Ltd. Class H
|
5.1
|
|
China Railway Construction Corp., Ltd. Class H
|
5.1
|
|
China Railway Group, Ltd. Class H
|
5.1
|
|
China Unicom Hong Kong, Ltd.
|
4.8
|
|
Aluminum Corp. of China, Ltd. Class H
|
4.6
|
|
Changsha Zoomlion Heavy Industry Science And
|
|
|
Technology Development Co., Ltd. Class H
|
4.6
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares China Infrastructure ETF (ticker: CHXX)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX China Infrastructure Index (“Underlying Index”). The Underlying Index is comprised of
30 leading companies that INDXX, LLC determines to be representative of China’s infrastructure sectors.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry. Because the Fund only invests in Chinese securities, its NAV will be much more sensitive to changes in economic, political and other
factors within China than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy,
currency fluctuations or blockage and the risk of nationalization or expropriation of assets.
6 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Consumer Goods GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Companhia de Bebidas das Americas Preference
|
|
|
Shares ADR
|
9.9%
|
|
Fomento Economico Mexicano SAB de CV ADR
|
7.4
|
|
Astra International Tbk PT
|
6.7
|
|
BRF - Brasil Foods SA ADR
|
5.5
|
|
Hindustan Unilever, Ltd.
|
5.4
|
|
ITC, Ltd.
|
5.1
|
|
Tiger Brands, Ltd.
|
3.9
|
|
Grupo Bimbo SAB de CV Series A
|
3.8
|
|
Grupo Modelo SAB de CV Series C
|
3.6
|
|
Arca Continental SAB de CV
|
3.6
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Consumer Goods GEMS ETF (ticker: GGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Consumer Goods Titans 30 Index
SM
(“Consumer Goods
Underlying Index”). The Consumer Goods Underlying Index is comprised of publicly traded firms in the “Consumer Goods Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 7
Portfolio Summary
(Unaudited)
EGShares Consumer Services GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Naspers, Ltd. N Shares
|
10.3%
|
|
Wal-Mart de Mexico SAB de CV Series V
|
7.4
|
|
Magnit OJSC GDR
|
6.0
|
|
Lan Airlines SA ADR
|
5.6
|
|
S.A.C.I. Falabella
|
5.0
|
|
Shoprite Holdings, Ltd.
|
4.4
|
|
Steinhoff International Holdings, Ltd.
|
4.2
|
|
Grupo Televisa SAB ADR
|
4.1
|
|
Truworths International, Ltd.
|
4.0
|
|
Companhia Brasileira de Distribuicao Grupo Pao de
|
|
|
Acucar Preference Shares ADR
|
4.0
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Consumer Services GEMS ETF (ticker: VGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Consumer Services Titans 30 Index
SM
(“Consumer Services
Underlying Index”). The Consumer Services Underlying Index is comprised of publicly traded firms in the “Consumer Services Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
8 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Emerging Markets Consumer ETF
Industry Breakdown*
Top Ten Holdings*
|
Companhia de Bebidas das Americas Preference
|
|
|
Shares ADR
|
9.9%
|
|
Naspers, Ltd. N Shares
|
9.0
|
Fomento Economico Mexicano SAB de CV
Series UB
|
6.3
|
|
Wal-Mart de Mexico SAB de CV Series V
|
5.9
|
|
Astra International TBK PT
|
5.9
|
|
BRF - Brasil Foods SA ADR
|
4.4
|
|
ITC, Ltd.
|
4.2
|
|
Hindustan Unilever, Ltd.
|
4.2
|
|
Magnit OJSC GDR
|
3.9
|
|
S.A.C.I. Falabella
|
3.7
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Emerging Markets Consumer ETF (ticker: ECON)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Consumer Titans 30 Index
SM
(“Consumer Underlying
Index”). The Consumer Underlying Index is comprised of 30 publicly traded firms in the “Consumer Goods Industry” and “Consumer Services Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 9
Portfolio Summary
(Unaudited)
EGShares Emerging Markets Domestic Demand ETF
Industry Breakdown*
Top Ten Holdings*
|
ITC, Ltd.
|
5.3%
|
|
China Telecom Corp., Ltd. Class H
|
5.2
|
|
Fomento Economico Mexicano SAB de CV ADR
|
4.9
|
|
MTN Group, Ltd.
|
4.9
|
|
Grupo Modelo SAB de CV Series C
|
4.8
|
|
Companhia de Bebidas das Americas Preference
|
|
|
Shares ADR
|
4.7
|
|
America Movil SAB de CV Series L ADR
|
4.6
|
|
Naspers, Ltd. N Shares
|
4.2
|
|
Astra International Tbk PT
|
3.3
|
|
Wal-Mart de Mexico SAB de CV Series V
|
3.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Emerging Markets Domestic Demand ETF (ticker: EMDD)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX Emerging Markets Domestic Demand Index (“Underlying Index”). The Underlying Index is
comprised of 50 emerging markets companies in sectors INDXX, LLC determines may have greater exposure to local markets than the MSCI Emerging Markets Index
SM
.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
10 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Emerging Markets Metals & Mining ETF
Industry Breakdown*
Top Ten Holdings*
|
Vale SA ADR
|
9.3%
|
|
AngloGold Ashanti, Ltd.
|
6.9
|
|
China Shenhua Energy Co., Ltd. Class H
|
6.5
|
|
MMC Norilsk Nickel OJSC ADR
|
6.0
|
|
Gold Fields, Ltd.
|
5.4
|
|
Impala Platinum Holdings, Ltd.
|
5.2
|
|
Gerdau SA Preference Shares ADR
|
4.7
|
|
Grupo Mexico SAB de CV Series B
|
4.6
|
|
KGHM Polska Miedz SA
|
4.4
|
|
Industrias Penoles SAB de CV
|
4.1
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Emerging Markets Metals & Mining ETF (ticker: EMT)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Metals & Mining Titans 30 Index
SM
(“Metals & Mining
Underlying Index”). The Metals & Mining Underlying Index is comprised of 30 publicly traded firms in the “Industrial Metals and Mining Sector” and “Mining Sector,” as defined by the Industry Classification Benchmark
(“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 11
Portfolio Summary
(Unaudited)
EGShares Energy GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Gazprom OAO ADR
|
9.4%
|
|
Petroleo Brasileiro SA ADR
|
7.4
|
|
CNOOC, Ltd.
|
7.1
|
|
LUKOIL OAO ADR
|
6.7
|
|
PetroChina Co., Ltd. Class H
|
6.3
|
|
Reliance Industries, Ltd. GDR 144A
|
6.2
|
|
China Petroleum & Chemical Corp. Class H
|
4.5
|
|
Sasol, Ltd.
|
4.5
|
|
NovaTek OAO ADR
|
4.4
|
|
Ecopetrol SA ADR
|
4.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Energy GEMS ETF (ticker: OGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Oil and Gas Titans 30 Index
SM
(“Oil and Gas Underlying
Index”). The Oil and Gas Underlying Index is comprised of publicly traded firms in the “Oil and Gas Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
12 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Financials GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
China Construction Bank Corp. Class H
|
10.3%
|
Industrial and Commercial Bank of China, Ltd.
Class H
|
9.2
|
|
Itau Unibanco Holding SA Preference Shares ADR
|
6.8
|
|
Banco Bradesco SA Preference Shares ADR
|
6.3
|
|
Sberbank of Russia ADR
|
5.5
|
|
Bank of China, Ltd. Class H
|
5.5
|
|
Housing Development Finance Corp., Ltd.
|
4.9
|
|
China Life Insurance Co., Ltd. Class H
|
4.3
|
|
Standard Bank Group, Ltd.
|
3.6
|
|
HDFC Bank, Ltd. ADR
|
3.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Financials GEMS ETF (ticker: FGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Financials Titans 30 Index
SM
(“Financials Underlying
Index”). The Financials Underlying Index is comprised of publicly traded firms in the “Financials Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 13
Portfolio Summary
(Unaudited)
EGShares GEMS Composite ETF
Industry Breakdown*
Top Ten Holdings*
|
America Movil SAB de CV Series L
|
5.0%
|
|
Gazprom OAO ADR
|
4.7
|
|
China Mobile, Ltd.
|
4.3
|
|
China Construction Bank Corp. Class H
|
4.3
|
Industrial and Commercial Bank of China, Ltd.
Class H
|
3.7
|
|
Petroleo Brasileiro SA ADR
|
2.9
|
|
Itau Unibanco Holding SA Preference Shares ADR
|
2.6
|
|
CNOOC, Ltd.
|
2.5
|
|
Baidu, Inc. ADR
|
2.4
|
|
LUKOIL OAO ADR
|
2.4
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares GEMS Composite ETF (ticker: AGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Sector Titans Composite 100 Index
SM
(“Sector Underlying
Index”). The Sector Underlying Index is comprised of a representative sample of 100 Emerging Markets companies deemed to be the 10 leading companies in each of the 10 “Industries,” as defined by the Industry Classification Benchmark
(“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
14 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Health Care GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Aspen Pharmacare Holdings, Ltd.
|
10.0%
|
|
Sun Pharmaceutical Industries, Ltd.
|
8.7
|
|
Life Healthcare Group Holdings, Ltd.
|
7.1
|
|
Mindray Medical International, Ltd. ADR
|
5.4
|
|
Dr. Reddy's Laboratories, Ltd. ADR
|
4.9
|
|
Cipla, Ltd.
|
4.8
|
|
Shandong Weigao Group Medical Polymer Co., Ltd.
|
|
|
Class H
|
4.8
|
|
Netcare, Ltd.
|
4.8
|
|
Sinopharm Group Co. Class H
|
4.5
|
|
Richter Gedeon Nyrt.
|
4.4
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Health Care GEMS ETF (ticker: HGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Health Care Titans 30 Index
SM
(“Health Care Underlying
Index”). The Health Care Underlying Index is comprised of publicly traded firms in the “Health Care Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 15
Portfolio Summary
(Unaudited)
EGShares India Consumer ETF
Industry Breakdown*
Top Ten Holdings*
|
United Spirits, Ltd.
|
7.9%
|
|
Hindustan Unilever, Ltd.
|
5.8
|
|
United Breweries, Ltd.
|
5.8
|
|
Godrej Consumer Products, Ltd.
|
5.6
|
|
ITC, Ltd.
|
5.4
|
|
Mahindra & Mahindra, Ltd.
|
4.9
|
|
GlaxoSmithKline Consumer Healthcare, Ltd.
|
4.7
|
|
Zee Entertainment Enterprises, Ltd.
|
4.7
|
|
Titan Industries, Ltd.
|
4.7
|
|
Tata Global Beverages, Ltd.
|
4.6
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares India Consumer ETF (ticker: INCO)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX India Consumer Index (“Consumer Underlying Index”). The Underlying Index is comprised
of 30 leading companies that INDXX, LLC determines to be representative of India’s consumer sector.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry. Small cap and mid cap companies generally will have greater volatility in price than the stocks of large companies due to limited
product lines or resources or a dependency upon a particular market niche. Because the Fund only invests in Indian securities, its NAV will be much more sensitive to changes in economic, political and other factors within India than would a fund that
invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy, currency fluctuations or blockage and the
risk of nationalization or expropriation of assets.
16 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares India Infrastructure ETF
Industry Breakdown*
Top Ten Holdings*
|
ACC, Ltd.
|
5.2%
|
|
Ambuja Cements, Ltd.
|
5.1
|
|
Bharat Heavy Electricals, Ltd.
|
5.0
|
|
Tata Power Co., Ltd.
|
5.0
|
|
GAIL India, Ltd.
|
5.0
|
|
Larsen & Toubro, Ltd.
|
4.9
|
|
Jindal Steel & Power, Ltd.
|
4.8
|
|
Jaiprakash Associates, Ltd.
|
4.8
|
|
NTPC, Ltd.
|
4.7
|
|
Tata Motors, Ltd.
|
4.7
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares India Infrastructure ETF (ticker: INXX)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX India Infrastructure Index (“Underlying Index”). The Underlying Index is comprised of
30 leading companies that INDXX, LLC determines to be representative of India’s infrastructure sectors.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry. Because the Fund only invests in Indian securities, its NAV will be much more sensitive to changes in economic, political and other
factors within India than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy,
currency fluctuations or blockage and the risk of nationalization or expropriation of assets.
EGA Emerging Global Shares Trust 17
Portfolio Summary
(Unaudited)
EGShares India Small Cap ETF
Industry Breakdown*
Top Ten Holdings*
|
Federal Bank, Ltd.
|
4.5%
|
|
Apollo Hospitals Enterprise, Ltd.
|
4.2
|
|
Glenmark Pharmaceuticals, Ltd.
|
3.5
|
|
Tata Global Beverages, Ltd.
|
3.5
|
|
Crompton Greaves, Ltd.
|
2.9
|
|
Indiabulls Financial Services, Ltd.
|
2.7
|
|
United Phosphorus, Ltd.
|
2.6
|
|
Bharat Forge, Ltd.
|
2.5
|
|
Jubilant Foodworks, Ltd.
|
2.4
|
|
Tech Mahindra, Ltd.
|
2.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares India Small Cap ETF (ticker: SCIN)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX India Small Cap Index (“Underlying Index”). The Underlying Index is comprised of 30
leading companies that INDXX, LLC determines to be representative of small market cap companies in India.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry. Because the Fund only invests in Indian securities, its NAV will be much more sensitive to changes in economic, political and other
factors within India than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy,
currency fluctuations or blockage and the risk of nationalization or expropriation of assets.
18 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Industrials GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Cemex SAB de CV ADR
|
8.1%
|
|
Sime Darby Bhd
|
7.0
|
|
Bidvest Group, Ltd.
|
6.1
|
|
Alfa, SAB Class A
|
4.8
|
|
Mahindra & Mahindra, Ltd.
|
4.7
|
|
Tata Motors, Ltd. ADR
|
4.5
|
|
Imperial Holdings, Ltd.
|
4.5
|
|
Larsen & Toubro, Ltd.
|
4.1
|
|
Semen Gresik Persero Tbk PT
|
4.0
|
|
Embraer SA ADR
|
3.9
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Industrials GEMS ETF (ticker: IGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Industrials Titans 30 Index
SM
(“Industrials Underlying
Index”). The Industrials is comprised of publicly traded firms in the “Industrials Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 19
Portfolio Summary
(Unaudited)
EGShares Low Volatility Emerging Markets Dividend ETF
Industry Breakdown*
Top Ten Holdings*
|
Indiabulls Financial Services, Ltd.
|
5.5%
|
|
Turk Traktor ve Ziraat Makineleri AS
|
5.2
|
|
Redefine Properties Ltd.
|
5.0
|
|
Shin Corp. PCL
|
5.0
|
|
Telekomunikacja Polska SA
|
4.9
|
|
Vodacom Group, Ltd.
|
4.9
|
|
Lewis Group Ltd.
|
4.4
|
|
Maxis BHD
|
4.0
|
|
Ecopetrol SA ADR
|
3.9
|
|
Growthpoint Properties Ltd.
|
3.7
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Low Volatility Emerging Markets Dividend ETF (ticker: HILO)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the INDXX Emerging Market High Income Low Beta Index (“HILB Underlying Index”). The HILB
Underlying Index consists of companies whose shares are publicly traded in Emerging Markets countries, such as Chile, Columbia, Czech Republic, Egypt, Hungary, Indonesia, Jordan, Kuwait, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia,
Slovenia, South Africa, Brazil, China, India, Thailand and Turkey.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
20 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Technology GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Baidu, Inc. ADR
|
10.3%
|
|
Infosys, Ltd. ADR
|
8.9
|
|
Tata Consultancy Services, Ltd.
|
6.6
|
|
Lenovo Group, Ltd.
|
5.2
|
|
SINA Corp.
|
4.7
|
|
NetEase.com, Inc. ADR
|
4.6
|
|
Wipro, Ltd. ADR
|
4.3
|
|
Mail.ru Group, Ltd. GDR
|
3.4
|
|
Satyam Computer Services, Ltd.
|
3.3
|
China Communications Services Corp., Ltd.
Class H
|
3.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Technology GEMS ETF (ticker: QGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Technology Titans 30 Index
SM
(“Technology Underlying
Index”). The Technology Underlying Index is comprised of publicly traded firms in the “Technology Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 21
Portfolio Summary
(Unaudited)
EGShares Telecom GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
America Movil SAB de CV Series L ADR
|
10.1%
|
|
China Mobile, Ltd.
|
9.8
|
|
MTN Group, Ltd.
|
7.1
|
|
Telekomunikasi Indonesia Tbk PT ADR
|
4.2
|
|
Advanced Info Service PCL
|
4.0
|
|
Mobile TeleSystems ADR
|
4.0
|
|
Axiata Group BHD
|
3.8
|
|
China Telecom Corp., Ltd. Class H
|
3.8
|
|
China Unicom Hong Kong, Ltd. ADR
|
3.4
|
|
Telefonica Brasil SA Preference Shares ADR
|
3.4
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Telecom GEMS ETF (ticker: TGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Telecommunications Titans 30 Index
SM
(“Telecom Underlying
Index”). The Telecom Underlying Index is comprised of publicly traded firms in the “Telecommunications Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
22 EGA Emerging Global Shares Trust
Portfolio Summary
(Unaudited)
EGShares Utilities GEMS ETF
Industry Breakdown*
Top Ten Holdings*
|
Ultrapar Participacoes SA ADR
|
9.5%
|
|
CEZ AS
|
6.5
|
|
Companhia Energetica de Minas Gerais ADR
|
6.3
|
|
Empresa Nacional de Electricidad SA ADR
|
5.6
|
|
Tenaga Nasional BHD
|
5.4
|
|
Companhia de Saneamento Basico do Estado de
|
|
|
Sao Paulo ADR
|
5.1
|
|
Perusahaan Gas Negara PT
|
4.8
|
|
PGE SA
|
4.6
|
|
NTPC, Ltd.
|
4.4
|
|
Enersis SA ADR
|
4.3
|
|
|
*
|
Expressed as a percentage of total investments in securities as of 9/30/2012. Holdings are subject to change.
|
EGShares Utilities GEMS ETF (ticker: UGEM)
The Fund’s investment objective is to seek investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Utilities Titans 30 Index
SM
(“Utilities Underlying
Index”). The Utilities Underlying Index is comprised of publicly traded firms in the “Utilities Industry,” as defined by the Industry Classification Benchmark (“ICB”).
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and
lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its underlying index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration
risk results from investing more than 25% of the Fund’s assets in issuers conducting business in the same industry.
EGA Emerging Global Shares Trust 23
Shareholder Expense Examples
(Unaudited)
As a shareholder of an EGA Emerging Global Shares Trust ETF, you incur advisory fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these
costs with the ongoing costs of investing in other funds. The example is based on an investment of $1,000 invested at the beginning of the period and held throughout the entire period (April 1, 2012 to September 30, 2012).
Actual expenses
The first line under each Fund in the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the
period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid Through
9/30/2012” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the
Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund
and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each
Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
24 EGA Emerging Global Shares Trust
Shareholder Expense Examples
(Unaudited) (continued)
|
|
Beginning
|
Ending
|
Annualized
|
Expenses Paid
|
|
|
Account Value
|
Account Value
|
Expense Ratios
|
Through
|
|
|
4/1/2012
|
9/30/2012
|
for the Period
|
9/30/2012
1
|
|
EGShares Basic Materials GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 894.97
|
0.85%
|
$4.04
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Beyond BRICs ETF
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,028.00
|
0.85%
|
$1.11
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Brazil Infrastructure ETF
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 867.00
|
0.85%
|
$3.98
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares China Infrastructure ETF
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 982.93
|
0.85%
|
$4.23
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Consumer Goods GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,010.42
|
0.85%
|
$4.28
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Consumer Services GEMS ETF
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 964.54
|
0.85%
|
$4.19
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Emerging Markets Consumer ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 985.47
|
0.85%
|
$4.23
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Emerging Markets Domestic Demand ETF (Consolidated)
2
|
|
|
|
|
Actual
|
$1,000.00
|
$1,027.00
|
0.85%
|
$1.11
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Emerging Markets Metals & Mining ETF (Consolidated)
2
|
|
|
|
|
Actual
|
$1,000.00
|
$ 881.03
|
0.85%
|
$4.01
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Energy GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 959.09
|
0.85%
|
$4.17
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Financials GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 974.14
|
0.85%
|
$4.21
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares GEMS Composite ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 961.82
|
0.75%
|
$3.69
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,021.31
|
0.75%
|
$3.80
|
|
EGShares Health Care GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,107.39
|
0.85%
|
$4.49
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares India Consumer ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,157.23
|
0.89%
|
$4.81
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.61
|
0.89%
|
$4.51
|
|
EGShares India Infrastructure ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 979.32
|
0.85%
|
$4.22
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares India Small Cap ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,010.42
|
0.85%
|
$4.28
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Industrials GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 999.47
|
0.85%
|
$4.26
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
EGA Emerging Global Shares Trust 25
Shareholder Expense Examples
(Unaudited) (concluded)
|
|
Beginning
|
Ending
|
Annualized
|
Expenses Paid
|
|
|
Account Value
|
Account Value
|
Expense Ratios
|
Through
|
|
|
4/1/2012
|
9/30/2012
|
for the Period
|
9/30/2012
1
|
|
EGShares Low Volatility Emerging Markets Dividend ETF (Consolidated)
2
|
|
|
|
|
Actual
|
$1,000.00
|
$ 958.92
|
0.85%
|
$4.17
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Technology GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 956.57
|
0.85%
|
$4.17
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Telecom GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$1,027.21
|
0.85%
|
$4.32
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
EGShares Utilities GEMS ETF (Consolidated)
2
|
|
|
|
|
|
Actual
|
$1,000.00
|
$ 930.07
|
0.85%
|
$4.11
|
|
Hypothetical (5% return before expenses)
|
$1,000.00
|
$1,020.81
|
0.85%
|
$4.31
|
|
|
1
|
Expenses are calculated using each Fund's annualized expense
ratio, which includes waived fees or reimbursed expenses, multiplied by the average account value for the period, multiplied by
183/365 (to reflect the six-month period).
|
|
|
2
|
Expenses for these Funds include the accounts of wholly owned
subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. See Note 2 in the Notes to Financial
Statements.
|
26 EGA Emerging Global Shares Trust
Frequency Distribution of Premium and Discount
(Unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market
price” is the midpoint of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. The term “premium” is sometimes used to describe a market price in excess of NAV and the
term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically
slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s
portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges.
Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
|
|
|
Market Price
Above or Equal to NAV
|
Market Price
Below NAV
|
|
|
|
|
|
Basis Point
Differential
|
Number
of Days
|
% of
Total Days
|
Number
of Days
|
% of
Total Days
|
|
|
|
EGShares Basic Materials GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
36
|
11.22%
|
30
|
9.35%
|
|
|
25-49.99
|
41
|
12.77%
|
32
|
9.97%
|
|
|
50-74.99
|
26
|
8.10%
|
20
|
6.23%
|
|
|
75-99.99
|
21
|
6.54%
|
9
|
2.80%
|
|
|
> 100
|
64
|
19.94%
|
42
|
13.08%
|
|
Total
|
|
188
|
58.57%
|
133
|
41.43%
|
|
EGShares Beyond BRICs ETF
|
|
|
|
|
|
|
August 15, 2012*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
–
|
0.00%
|
1
|
3.13%
|
|
|
25-49.99
|
7
|
21.87%
|
–
|
0.00%
|
|
|
50-74.99
|
7
|
21.87%
|
–
|
0.00%
|
|
|
75-99.99
|
11
|
34.38%
|
–
|
0.00%
|
|
|
> 100
|
6
|
18.75%
|
–
|
0.00%
|
|
Total
|
|
31
|
96.87%
|
1
|
3.13%
|
|
EGShares Brazil Infrastructure ETF
|
|
|
|
|
|
|
February 24, 2010*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
48
|
7.34%
|
49
|
7.49%
|
|
|
25-49.99
|
37
|
5.66%
|
47
|
7.19%
|
|
|
50-74.99
|
24
|
3.67%
|
44
|
6.73%
|
|
|
75-99.99
|
24
|
3.67%
|
15
|
2.29%
|
|
|
> 100
|
340
|
51.99%
|
26
|
3.97%
|
|
Total
|
|
473
|
72.33%
|
181
|
27.67%
|
|
EGShares China Infrastructure ETF
|
|
|
|
|
|
|
February 17, 2010*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
68
|
10.30%
|
61
|
9.24%
|
|
|
25-49.99
|
63
|
9.55%
|
63
|
9.55%
|
|
|
50-74.99
|
67
|
10.15%
|
44
|
6.67%
|
|
|
75-99.99
|
50
|
7.58%
|
42
|
6.36%
|
|
|
> 100
|
101
|
15.30%
|
101
|
15.30%
|
|
Total
|
|
349
|
52.88%
|
311
|
47.12%
|
|
EGShares Consumer Goods GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
47
|
14.64%
|
45
|
14.02%
|
|
|
25-49.99
|
35
|
10.90%
|
41
|
12.77%
|
|
|
50-74.99
|
29
|
9.04%
|
26
|
8.10%
|
|
|
75-99.99
|
19
|
5.92%
|
22
|
6.85%
|
|
|
> 100
|
18
|
5.61%
|
39
|
12.15%
|
|
Total
|
|
148
|
46.11%
|
173
|
53.89%
|
EGA Emerging Global Shares Trust 27
Frequency Distribution of Premium and Discount
(Unaudited) (continued)
|
|
|
Market Price
Above or Equal to NAV
|
Market Price
Below NAV
|
|
|
|
|
|
Basis Point
Differential
|
Number
of Days
|
% of
Total Days
|
Number
of Days
|
% of
Total Days
|
|
|
|
EGShares Consumer Services GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
50
|
15.58%
|
63
|
19.63%
|
|
|
25-49.99
|
33
|
10.28%
|
41
|
12.77%
|
|
|
50-74.99
|
15
|
4.67%
|
38
|
11.84%
|
|
|
75-99.99
|
3
|
0.93%
|
30
|
9.34%
|
|
|
> 100
|
4
|
1.25%
|
44
|
13.71%
|
|
Total
|
|
105
|
32.71%
|
216
|
67.29%
|
|
EGShares Emerging Markets Consumer ETF
|
|
|
|
|
|
|
September 14, 2010*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
84
|
16.22%
|
72
|
13.90%
|
|
|
25-49.99
|
125
|
24.13%
|
29
|
5.60%
|
|
|
50-74.99
|
97
|
18.73%
|
14
|
2.70%
|
|
|
75-99.99
|
46
|
8.88%
|
11
|
2.12%
|
|
|
> 100
|
26
|
5.02%
|
14
|
2.70%
|
|
Total
|
|
378
|
72.98%
|
140
|
27.02%
|
|
EGShares Emerging Markets Domestic Demand ETF
|
|
|
|
|
|
|
August 15, 2012*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
1
|
3.12%
|
2
|
6.25%
|
|
|
25-49.99
|
10
|
31.25%
|
–
|
0.00%
|
|
|
50-74.99
|
11
|
34.38%
|
–
|
0.00%
|
|
|
75-99.99
|
6
|
18.75%
|
–
|
0.00%
|
|
|
> 100
|
2
|
6.25%
|
–
|
0.00%
|
|
Total
|
|
30
|
93.75%
|
2
|
6.25%
|
|
EGShares Emerging Markets Metals & Mining ETF
|
|
|
|
|
|
|
May 21, 2009*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
139
|
16.41%
|
106
|
12.51%
|
|
|
25-49.99
|
111
|
13.11%
|
74
|
8.74%
|
|
|
50-74.99
|
79
|
9.33%
|
61
|
7.20%
|
|
|
75-99.99
|
75
|
8.85%
|
40
|
4.72%
|
|
|
> 100
|
88
|
10.39%
|
74
|
8.74%
|
|
Total
|
|
492
|
58.09%
|
355
|
41.91%
|
|
EGShares Energy GEMS ETF
|
|
|
|
|
|
|
May 21, 2009*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
105
|
12.41%
|
87
|
10.28%
|
|
|
25-49.99
|
120
|
14.19%
|
90
|
10.64%
|
|
|
50-74.99
|
117
|
13.83%
|
74
|
8.75%
|
|
|
75-99.99
|
59
|
6.97%
|
34
|
4.02%
|
|
|
> 100
|
79
|
9.34%
|
81
|
9.57%
|
|
Total
|
|
480
|
56.74%
|
366
|
43.26%
|
|
EGShares Financials GEMS ETF
|
|
|
|
|
|
|
September 16, 2009*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
105
|
13.73%
|
101
|
13.20%
|
|
|
25-49.99
|
92
|
12.03%
|
88
|
11.50%
|
|
|
50-74.99
|
55
|
7.19%
|
84
|
10.98%
|
|
|
75-99.99
|
43
|
5.62%
|
40
|
5.23%
|
|
|
> 100
|
84
|
10.98%
|
73
|
9.54%
|
|
Total
|
|
379
|
49.55%
|
386
|
50.45%
|
|
EGShares GEMS Composite ETF
|
|
|
|
|
|
|
July 22, 2009*–September, 2012
|
|
|
|
|
|
|
|
0-24.99
|
115
|
14.29%
|
110
|
13.66%
|
|
|
25-49.99
|
118
|
14.66%
|
97
|
12.05%
|
|
|
50-74.99
|
65
|
8.07%
|
72
|
8.94%
|
|
|
75-99.99
|
59
|
7.33%
|
29
|
3.60%
|
|
|
> 100
|
77
|
9.57%
|
63
|
7.83%
|
|
Total
|
|
434
|
53.92%
|
371
|
46.08%
|
28 EGA Emerging Global Shares Trust
Frequency Distribution of Premium and Discount
(Unaudited) (continued)
|
|
|
Market Price
Above or Equal to NAV
|
Market Price
Below NAV
|
|
|
|
|
|
Basis Point
Differential
|
Number
of Days
|
% of
Total Days
|
Number
of Days
|
% of
Total Days
|
|
|
|
EGShares Health Care GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
39
|
12.15%
|
44
|
13.71%
|
|
|
25-49.99
|
34
|
10.59%
|
38
|
11.84%
|
|
|
50-74.99
|
15
|
4.67%
|
48
|
14.95%
|
|
|
75-99.99
|
12
|
3.74%
|
20
|
6.23%
|
|
|
> 100
|
22
|
6.85%
|
49
|
15.27%
|
|
Total
|
|
122
|
38.00%
|
199
|
62.00%
|
|
EGShares India Consumer ETF
|
|
|
|
|
|
|
August 10, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
18
|
6.27%
|
33
|
11.50%
|
|
|
25-49.99
|
31
|
10.80%
|
30
|
10.45%
|
|
|
50-74.99
|
35
|
12.20%
|
19
|
6.62%
|
|
|
75-99.99
|
18
|
6.27%
|
4
|
1.39%
|
|
|
> 100
|
79
|
27.53%
|
20
|
6.97%
|
|
Total
|
|
181
|
63.07%
|
106
|
36.93%
|
|
EGShares India Infrastructure ETF
|
|
|
|
|
|
|
August 11, 2010*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
47
|
8.72%
|
52
|
9.65%
|
|
|
25-49.99
|
56
|
10.39%
|
46
|
8.53%
|
|
|
50-74.99
|
53
|
9.83%
|
45
|
8.35%
|
|
|
75-99.99
|
36
|
6.68%
|
33
|
6.12%
|
|
|
> 100
|
88
|
16.33%
|
83
|
15.40%
|
|
Total
|
|
280
|
51.95%
|
259
|
48.05%
|
|
EGShares India Small Cap ETF
|
|
|
|
|
|
|
July 7, 2010*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
64
|
11.35%
|
42
|
7.45%
|
|
|
25-49.99
|
51
|
9.04%
|
40
|
7.09%
|
|
|
50-74.99
|
51
|
9.04%
|
35
|
6.21%
|
|
|
75-99.99
|
52
|
9.22%
|
22
|
3.90%
|
|
|
> 100
|
138
|
24.47%
|
69
|
12.23%
|
|
Total
|
|
356
|
63.12%
|
208
|
36.88%
|
|
EGShares Industrials GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
37
|
11.53%
|
42
|
13.08%
|
|
|
25-49.99
|
28
|
8.72%
|
28
|
8.72%
|
|
|
50-74.99
|
25
|
7.79%
|
25
|
7.79%
|
|
|
75-99.99
|
19
|
5.92%
|
26
|
8.10%
|
|
|
> 100
|
33
|
10.28%
|
58
|
18.07%
|
|
Total
|
|
142
|
44.24%
|
179
|
55.76%
|
|
EGShares Low Volatility Emerging Markets Dividend ETF
|
|
|
|
|
|
|
August 4, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
34
|
11.68%
|
37
|
12.72%
|
|
|
25-49.99
|
54
|
18.56%
|
11
|
3.78%
|
|
|
50-74.99
|
50
|
17.18%
|
12
|
4.12%
|
|
|
75-99.99
|
35
|
12.03%
|
11
|
3.78%
|
|
|
> 100
|
37
|
12.71%
|
10
|
3.44%
|
|
Total
|
|
210
|
72.16%
|
81
|
27.84%
|
|
EGShares Technology GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
61
|
19.00%
|
55
|
17.13%
|
|
|
25-49.99
|
44
|
13.71%
|
24
|
7.48%
|
|
|
50-74.99
|
30
|
9.35%
|
18
|
5.61%
|
|
|
75-99.99
|
23
|
7.17%
|
14
|
4.36%
|
|
|
> 100
|
29
|
9.03%
|
23
|
7.16%
|
|
Total
|
|
187
|
58.26%
|
134
|
41.74%
|
EGA Emerging Global Shares Trust 29
Frequency Distribution of Premium and Discount
(Unaudited) (concluded)
|
|
|
Market Price
Above or Equal to NAV
|
Market Price
Below NAV
|
|
|
|
|
|
Basis Point
Differential
|
Number
of Days
|
% of
Total Days
|
Number
of Days
|
% of
Total Days
|
|
|
|
EGShares Telecom GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
47
|
14.64%
|
45
|
14.02%
|
|
|
25-49.99
|
34
|
10.59%
|
37
|
11.53%
|
|
|
50-74.99
|
23
|
7.17%
|
22
|
6.85%
|
|
|
75-99.99
|
26
|
8.10%
|
12
|
3.74%
|
|
|
> 100
|
48
|
14.95%
|
27
|
8.41%
|
|
Total
|
|
178
|
55.45%
|
143
|
44.55%
|
|
EGShares Utilities GEMS ETF
|
|
|
|
|
|
|
June 23, 2011*–September 30, 2012
|
|
|
|
|
|
|
|
0-24.99
|
52
|
16.20%
|
62
|
19.31%
|
|
|
25-49.99
|
37
|
11.53%
|
43
|
13.39%
|
|
|
50-74.99
|
14
|
4.36%
|
31
|
9.66%
|
|
|
75-99.99
|
12
|
3.74%
|
18
|
5.61%
|
|
|
> 100
|
5
|
1.56%
|
47
|
14.64%
|
|
Total
|
|
120
|
37.39%
|
201
|
62.61%
|
* Commencement of Operations.
Each line in the table shows the number of trading days in which the Fund traded within the premium/discount range indicated. The number of trading days in each premium/discount range is also shown as a percentage of the
total number of trading days in the period covered by each table. All data presented here represents past performance, which cannot be used to predict future results.
30 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Basic Materials GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.7%
|
|
|
|
Brazil—16.6%
|
|
|
|
Companhia Siderurgica Nacional SA ADR
|
13,994
|
$
|
78,786
|
|
Gerdau SA Preference Shares ADR
|
13,786
|
131,105
|
|
Vale SA Preference A Shares ADR
|
15,211
|
264,063
|
|
Total Brazil
|
|
473,954
|
|
Chile – 3.0%
|
|
|
|
Empresas CMPC SA
|
21,862
|
86,048
|
|
China—17.3%
|
|
|
|
Aluminum Corp. of China, Ltd. Class H ADR*
|
4,281
|
43,366
|
|
China Coal Energy Co., Ltd. Class H
|
79,696
|
72,776
|
|
China Shenhua Energy Co., Ltd. Class H
|
47,957
|
186,181
|
|
Jiangxi Copper Co., Ltd. Class H
|
29,304
|
74,231
|
|
Yanzhou Coal Mining Co., Ltd. Class H ADR
|
3,961
|
59,217
|
|
Zijin Mining Group Co., Ltd. Class H
|
137,949
|
55,690
|
|
Total China
|
|
491,461
|
|
India—9.7%
|
|
|
|
Coal India, Ltd.
|
12,316
|
83,815
|
|
Hindalco Industries, Ltd.
|
17,882
|
40,921
|
|
Jindal Steel & Power, Ltd.
|
8,636
|
69,938
|
|
Sterlite Industries India, Ltd. ADR
|
5,443
|
41,312
|
|
Tata Steel, Ltd.
|
5,223
|
39,699
|
|
Total India
|
|
275,685
|
|
Indonesia—1.2%
|
|
|
|
Bumi Resources Tbk PT
|
472,962
|
36,077
|
|
Malaysia—2.7%
|
|
|
|
Petronas Chemicals Group BHD
|
36,400
|
76,218
|
|
Mexico—8.6%
|
|
|
|
Grupo Mexico SAB de CV Series B
|
40,609
|
134,360
|
|
Industrias Penoles SAB de CV
|
2,224
|
109,840
|
|
Total Mexico
|
|
244,200
|
|
Poland—4.1%
|
|
|
|
KGHM Polska Miedz SA
|
2,459
|
117,057
|
|
Investments
|
Shares
|
Value
|
|
|
|
Russia—15.3%
|
|
|
|
Evraz PLC
|
9,482
|
$
|
37,758
|
|
MMC Norilsk Nickel OJSC ADR
|
9,999
|
159,484
|
|
Novolipetsk Steel GDR
|
1,584
|
31,363
|
|
Severstal GDR
|
3,959
|
49,527
|
|
Uralkali OJSC GDR
|
3,788
|
156,709
|
|
Total Russia
|
|
434,841
|
|
South Africa—21.2%
|
|
|
|
Anglo American Platinum, Ltd.
|
1,189
|
61,675
|
|
AngloGold Ashanti, Ltd. ADR
|
5,317
|
186,361
|
|
Gold Fields, Ltd. ADR
|
10,282
|
132,124
|
|
Impala Platinum Holdings, Ltd.
|
8,222
|
138,509
|
|
Kumba Iron Ore, Ltd.
|
1,386
|
84,479
|
|
Total South Africa
|
|
603,148
|
|
TOTAL INVESTMENTS IN SECURITIES—99.7%
|
|
|
|
(Cost: $3,258,619)
|
|
2,838,689
|
|
Other Assets in Excess of Liabilities—0.3%
|
|
7,333
|
|
Net Assets—100.0%
|
|
$
|
2,846,022
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary
Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Chemicals
|
|
$
|
232,927
|
|
|
|
8.2
|
%
|
|
Metals & Mining
|
|
|
2,081,648
|
|
|
|
73.1
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
438,066
|
|
|
|
15.4
|
|
|
Paper & Forest Products
|
|
|
86,048
|
|
|
|
3.0
|
|
|
Total Investments
|
|
|
2,838,689
|
|
|
|
99.7
|
|
|
Other Assets in Excess of Liabilities
|
|
|
7,333
|
|
|
|
0.3
|
|
|
Net Assets
|
|
$
|
2,846,022
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 31
Schedule of Investments
EGShares Beyond BRICs ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.6%
|
|
|
|
Chile—4.9%
|
|
|
|
Banco Santander Chile ADR
|
635
|
$
|
46,507
|
|
Enersis SA ADR
|
3,804
|
62,348
|
|
Lan Airlines SA ADR
|
5,092
|
128,726
|
|
Sociedad Quimica y Minera de Chile SA ADR
|
1,881
|
115,945
|
|
Total Chile
|
|
353,526
|
|
Colombia—3.9%
|
|
|
|
Bancolombia SA ADR
|
1,253
|
74,817
|
|
Ecopetrol SA ADR
|
3,545
|
208,907
|
|
Total Colombia
|
|
283,724
|
|
Indonesia—11.9%
|
|
|
|
Astra International Tbk PT
|
272,835
|
210,969
|
|
Bank Central Asia Tbk PT
|
203,740
|
168,187
|
|
Bank Mandiri Persero Tbk PT
|
148,950
|
127,627
|
|
Bank Rakyat Indonesia Persero Tbk PT
|
168,093
|
130,856
|
|
Perusahaan Gas Negara PT
|
162,047
|
69,848
|
|
Telekomunikasi Indonesia Tbk PT ADR
|
3,883
|
151,165
|
|
Total Indonesia
|
|
858,652
|
|
Malaysia—15.1%
|
|
|
|
Axiata Group BHD
|
54,400
|
115,688
|
|
CIMB Group Holdings BHD
|
65,100
|
159,741
|
|
DiGi.Com BHD
|
39,900
|
68,926
|
|
Genting BHD
|
36,200
|
103,158
|
|
Malayan Banking BHD
|
46,200
|
136,189
|
|
Maxis BHD
|
27,300
|
61,808
|
|
Petronas Chemicals Group BHD
|
28,000
|
58,629
|
|
Public Bank BHD
|
42,000
|
197,598
|
|
Sime Darby BHD
|
38,300
|
122,801
|
|
Tenaga Nasional BHD
|
29,400
|
65,600
|
|
Total Malaysia
|
|
1,090,138
|
|
Mexico—18.2%
|
|
|
|
America Movil SAB de CV Series L ADR
|
12,933
|
329,015
|
|
Fomento Economico Mexicano SAB de CV ADR
|
3,724
|
342,533
|
|
Grupo Mexico SAB de CV Series B
|
92,146
|
304,878
|
|
Grupo Modelo SAB de CV Series C
|
36,767
|
331,403
|
|
Total Mexico
|
|
1,307,829
|
|
Peru—1.9%
|
|
|
|
Cia de Minas Buenaventura SA ADR
|
3,454
|
134,568
|
|
Philippines—1.0%
|
|
|
|
SM Investments Corp.
|
3,970
|
69,474
|
|
Poland—3.5%
|
|
|
|
Bank Pekao SA
|
1,498
|
73,788
|
|
PGE SA
|
10,441
|
60,295
|
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
10,469
|
116,339
|
|
Total Poland
|
|
250,422
|
|
South Africa—18.3%
|
|
|
|
FirstRand, Ltd.
|
63,537
|
214,764
|
|
MTN Group, Ltd.
|
18,126
|
351,947
|
|
Naspers, Ltd. N Shares
|
4,490
|
280,229
|
|
Sasol, Ltd.
|
6,686
|
301,671
|
|
Standard Bank Group, Ltd.
|
13,260
|
169,752
|
|
Total South Africa
|
|
1,318,363
|
|
Investments
|
Shares
|
Value
|
|
|
|
Thailand—14.4%
|
|
|
|
Advanced Info Service PCL
|
23,800
|
$
|
165,471
|
|
Bangkok Bank PCL
|
19,141
|
120,642
|
|
Kasikornbank PCL
|
25,900
|
153,566
|
|
PTT Exploration & Production PCL
|
16,100
|
84,998
|
|
PTT PCL
|
19,600
|
209,500
|
|
Siam Cement PCL
|
9,100
|
103,181
|
|
Siam Commercial Bank PCL
|
36,400
|
199,266
|
|
Total Thailand
|
|
1,036,624
|
|
Turkey—6.5%
|
|
|
|
Akbank TAS
|
25,080
|
99,169
|
|
KOC Holding AS
|
8,630
|
34,508
|
|
Turk Telekomunikasyon AS
|
6,980
|
27,833
|
|
Turkcell Iletisim Hizmetleri AS*
|
11,524
|
70,276
|
|
Turkiye Garanti Bankasi AS
|
31,472
|
131,455
|
|
Turkiye Halk Bankasi AS
|
4,567
|
35,608
|
|
Turkiye Is Bankasi Class C
|
21,225
|
66,668
|
|
Total Turkey
|
|
465,517
|
|
TOTAL INVESTMENTS IN SECURITIES—99.6%
|
|
|
|
(Cost: $7,039,850)
|
|
7,168,837
|
|
Other Assets in Excess of Liabilities—0.4%
|
|
27,063
|
|
Net Assets—100.0%
|
|
$
|
7,195,900
|
|
|
*
|
Non-income producing security
|
ADR American Depositary Receipts
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Airlines
|
|
$
|
128,726
|
|
|
|
1.8
|
%
|
|
Automobiles
|
|
|
210,969
|
|
|
|
2.9
|
|
|
Beverages
|
|
|
673,936
|
|
|
|
9.4
|
|
|
Chemicals
|
|
|
174,574
|
|
|
|
2.4
|
|
|
Commercial Banks
|
|
|
2,207,775
|
|
|
|
30.7
|
|
|
Construction Materials
|
|
|
103,181
|
|
|
|
1.4
|
|
|
Diversified Financial Services
|
|
|
214,764
|
|
|
|
3.0
|
|
|
Diversified Telecommunication Services
|
|
|
178,998
|
|
|
|
2.5
|
|
|
Electric Utilities
|
|
|
188,243
|
|
|
|
2.6
|
|
|
Gas Utilities
|
|
|
69,848
|
|
|
|
1.0
|
|
|
Hotels, Restaurants & Leisure
|
|
|
103,158
|
|
|
|
1.4
|
|
|
Industrial Conglomerates
|
|
|
226,783
|
|
|
|
3.1
|
|
|
Media
|
|
|
280,229
|
|
|
|
3.9
|
|
|
Metals & Mining
|
|
|
439,446
|
|
|
|
6.1
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
805,076
|
|
|
|
11.2
|
|
|
Wireless Telecommunication Services
|
|
|
1,163,131
|
|
|
|
16.2
|
|
|
Total Investments
|
|
|
7,168,837
|
|
|
|
99.6
|
|
|
Other Assets in Excess of Liabilities
|
|
|
27,063
|
|
|
|
0.4
|
|
|
Net Assets
|
|
$
|
7,195,900
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
32 EGA Emerging Global Shares Trust
Schedule of Investments
EGShares Brazil Infrastructure ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.0%
|
|
|
|
Aerospace & Defense—4.9%
|
|
|
|
Embraer SA
|
519,461
|
$
|
3,459,147
|
|
Diversified Telecommunication Services—9.2%
|
|
|
|
Oi SA Preference Shares
|
836,266
|
3,363,531
|
|
Telefonica Brasil SA
|
142,468
|
3,100,336
|
|
Total Diversified Telecommunication Services
|
|
6,463,867
|
|
Electric Utilities—9.6%
|
|
|
|
Centrais Eletricas Brasileiras SA
|
346,117
|
2,060,870
|
|
Companhia Energetica de Minas Gerais
|
158,360
|
1,706,304
|
|
CPFL Energia SA
|
267,877
|
2,944,429
|
|
Total Electric Utilities
|
|
6,711,603
|
|
Energy Equipment & Services—0.4%
|
|
|
|
OSX Brasil SA*
|
48,128
|
294,632
|
|
Gas Utilities—3.0%
|
|
|
|
Companhia de Gas de Sao Paulo Class A
|
93,367
|
2,106,372
|
|
Independent Power Producers & Energy Traders—9.0%
|
|
|
|
AES Tiete SA
|
116,546
|
1,047,811
|
|
Companhia Energetica de Sao Paulo
|
|
|
|
Preference Shares Class B
|
199,915
|
2,111,681
|
|
Tractebel Energia SA
|
202,550
|
3,189,803
|
|
Total Independent Power Producers & Energy Traders
|
|
6,349,295
|
|
Machinery—6.9%
|
|
|
|
Iochpe-Maxion SA
|
54,035
|
707,931
|
|
Marcopolo SA Preference Shares
|
308,217
|
1,782,031
|
|
Weg SA
|
202,530
|
2,374,896
|
|
Total Machinery
|
|
4,864,858
|
|
Metals & Mining—13.8%
|
|
|
|
Companhia Siderurgica Nacional SA
|
660,257
|
3,732,821
|
|
Gerdau SA
|
311,883
|
2,448,884
|
|
Vale SA
|
198,144
|
3,539,402
|
|
Total Metals & Mining
|
|
9,721,107
|
|
Investments
|
Shares
|
Value
|
|
|
|
Oil, Gas & Consumable Fuels—5.0%
|
|
|
|
Ultrapar Participacoes SA
|
158,547
|
$
|
3,544,801
|
|
Real Estate Management & Development—11.4%
|
|
|
|
BR Malls Participacoes SA
|
282,258
|
3,882,995
|
|
BR Properties SA
|
165,041
|
2,143,548
|
|
Multiplan Empreendimentos Imobiliarios SA
|
67,657
|
1,987,558
|
|
Total Real Estate Management & Development
|
|
8,014,101
|
|
Road & Rail—5.6%
|
|
|
|
All America Latina Logistica
|
415,840
|
1,707,387
|
|
JSL SA
|
59,640
|
316,308
|
|
Localiza Rent a Car SA
|
108,496
|
1,878,145
|
|
Total Road & Rail
|
|
3,901,840
|
|
Transportation Infrastructure—9.1%
|
|
|
|
CCR SA
|
460,071
|
4,090,931
|
|
Ecorodovias Infraestrutura e Logistica SA
|
139,150
|
1,201,650
|
|
Obrascon Huarte Lain Brasil SA
|
121,204
|
1,103,430
|
|
Total Transportation Infrastructure
|
|
6,396,011
|
|
Water Utilities—6.9%
|
|
|
|
Companhia de Saneamento Basico do Estado de Sao Paulo
|
85,629
|
3,481,633
|
|
Companhia de Saneamento de Minas Gerais
|
59,952
|
1,360,799
|
|
Total Water Utilities
|
|
4,842,432
|
|
Wireless Telecommunication Services—4.2%
|
|
|
|
Tim Participacoes SA
|
758,748
|
2,917,111
|
|
TOTAL INVESTMENTS IN SECURITIES—99.0%
|
|
|
|
(Cost: $67,913,423)
|
|
69,587,177
|
|
Other Assets in Excess of Liabilities—1.0%
|
|
721,605
|
|
Net Assets—100.0%
|
|
$ 70,308,782
|
|
|
*
|
Non-income producing security
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 33
Schedule of Investments
EGShares China Infrastructure ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.9%
|
|
|
|
Construction & Engineering—14.6%
|
|
|
|
China Communications Construction Co., Ltd. Class H
|
561,521
|
$
|
454,098
|
|
China Railway Construction Corp., Ltd. Class H
|
600,009
|
537,073
|
|
China Railway Group, Ltd. Class H
|
1,228,269
|
537,044
|
|
Total Construction & Engineering
|
|
1,528,215
|
|
Construction Materials—11.8%
|
|
|
|
Anhui Conch Cement Co., Ltd. Class H
|
200,262
|
623,781
|
|
BBMG Corp. Class H
|
356,145
|
272,853
|
|
China National Building Material Co., Ltd. Class H
|
305,745
|
337,953
|
|
Total Construction Materials
|
|
1,234,587
|
|
Diversified Telecommunication Services—10.0%
|
|
|
|
China Telecom Corp., Ltd. Class H
|
960,732
|
555,132
|
|
China Unicom Hong Kong, Ltd.
|
303,540
|
497,989
|
|
Total Diversified Telecommunication Services
|
|
1,053,121
|
|
Electrical Equipment—8.1%
|
|
|
|
Dongfang Electric Corp., Ltd. Class H
|
184,619
|
251,453
|
|
Shanghai Electric Group Co., Ltd. Class H
|
1,180,909
|
420,379
|
|
Zhuzhou CSR Times Electric Co., Ltd. Class H
|
70,962
|
182,685
|
|
Total Electrical Equipment
|
|
854,517
|
|
Energy Equipment & Services—5.5%
|
|
|
|
China Oilfield Services, Ltd. Class H
|
317,206
|
577,687
|
|
Gas Utilities—2.0%
|
|
|
|
ENN Energy Holdings Ltd.
|
48,861
|
205,760
|
|
Independent Power Producers & Energy Traders—12.5%
|
|
|
China Longyuan Power Group Corp. Class H
|
447,477
|
294,345
|
|
Datang International Power Generation Co., Ltd. Class H
|
1,377,341
|
463,659
|
|
Huaneng Power International, Inc. Class H
|
720,156
|
548,018
|
|
Total Independent Power Producers & Energy Traders
|
1,306,022
|
|
Investments
|
Shares
|
Value
|
|
|
|
Machinery—12.9%
|
|
|
|
Changsha Zoomlion Heavy Industry Science And Technology Development Co., Ltd. Class H
|
427,046
|
$
|
485,251
|
|
CSR Corp., Ltd. Class H
|
666,985
|
441,316
|
|
Weichai Power Co., Ltd. Class H
|
139,439
|
427,134
|
|
Total Machinery
|
|
1,353,701
|
|
Metals & Mining—13.3%
|
|
|
|
Aluminum Corp. of China, Ltd. Class H*
|
1,172,067
|
485,259
|
|
Angang Steel Co., Ltd. Class H
|
461,819
|
238,258
|
|
Jiangxi Copper Co., Ltd. Class H
|
212,702
|
538,802
|
|
Maanshan Iron & Steel Co., Ltd. Class H
|
543,061
|
127,479
|
|
Total Metals & Mining
|
|
1,389,798
|
|
Real Estate Management & Development—9.2%
|
|
|
|
Agile Property Holdings, Ltd.
|
88,202
|
99,427
|
|
Country Garden Holdings Co., Ltd.*
|
306,056
|
119,213
|
|
Evergrande Real Estate Group, Ltd.
|
349,125
|
138,241
|
|
Guangzhou R&F Properties Co., Ltd. Class H
|
207,397
|
238,875
|
|
Longfor Properties Co., Ltd.
|
88,393
|
136,809
|
|
Shimao Property Holdings, Ltd.
|
88,682
|
152,584
|
|
Soho China, Ltd.
|
125,839
|
77,906
|
|
Total Real Estate Management & Development
|
|
963,055
|
|
TOTAL INVESTMENTS IN SECURITIES—99.9%
|
|
|
|
(Cost: $13,396,369)
|
|
10,466,463
|
|
Other Assets in Excess of Liabilities—0.1%
|
|
11,487
|
|
Net Assets—100.0%
|
|
$
|
10,477,950
|
|
|
*
|
Non-income producing security
|
The accompanying notes are an integral part of these financial statements.
34 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Consumer Goods GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.3%
|
|
|
|
Brazil—15.5%
|
|
|
|
BRF—Brasil Foods SA ADR
|
7,158
|
$
|
123,833
|
|
Companhia de Bebidas das Americas
|
|
|
|
Preference Shares ADR
|
5,791
|
221,622
|
|
Total Brazil
|
|
345,455
|
|
Cayman Islands—2.7%
|
|
|
|
China Mengniu Dairy Co. Ltd.
|
20,243
|
60,573
|
|
China—7.2%
|
|
|
|
China Agri-Industries Holdings, Ltd.
|
46,691
|
26,437
|
|
Dongfeng Motor Group Co., Ltd. Class H
|
43,835
|
51,166
|
|
Great Wall Motor Co., Ltd. Class H
|
19,327
|
50,977
|
|
Guangzhou Automobile Group Co., Ltd. Class H
|
48,451
|
31,808
|
|
Total China
|
|
160,388
|
|
Colombia—2.4%
|
|
|
|
Grupo Nutresa SA
|
4,692
|
54,765
|
|
India—15.1%
|
|
|
|
Bajaj Auto, Ltd.
|
1,364
|
47,327
|
|
Hero MotoCorp, Ltd.
|
1,530
|
54,543
|
|
Hindustan Unilever, Ltd.
|
11,642
|
120,481
|
|
ITC, Ltd.
|
22,149
|
114,388
|
|
Total India
|
|
336,739
|
|
Indonesia—12.9%
|
|
|
|
Astra International Tbk PT
|
192,559
|
148,896
|
|
Gudang Garam Tbk PT
|
8,147
|
39,543
|
|
Indofood Sukses Makmur Tbk PT
|
81,167
|
47,920
|
|
Unilever Indonesia Tbk PT
|
19,157
|
52,146
|
|
Total Indonesia
|
|
288,505
|
|
Malaysia—9.4%
|
|
|
|
British American Tobacco Malaysia BHD
|
2,300
|
45,451
|
|
IOI Corp. BHD
|
44,600
|
72,667
|
|
Kuala Lumpur Kepong BHD
|
7,500
|
54,131
|
|
PPB Group BHD
|
9,500
|
37,484
|
|
Total Malaysia
|
|
209,733
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
Mexico—24.1%
|
|
|
|
Arca Continental SAB de CV
|
11,235
|
$
|
79,649
|
|
Coca-Cola Femsa SAB de CV ADR
|
511
|
65,919
|
|
Fomento Economico Mexicano SAB de CV ADR
|
1,794
|
165,012
|
|
Grupo Bimbo SAB de CV Series A
|
33,854
|
84,600
|
|
Grupo Modelo SAB de CV Series C
|
8,894
|
80,167
|
|
Kimberly-Clark de Mexico SAB de CV Class A
|
25,997
|
62,156
|
|
Total Mexico
|
|
537,503
|
|
Philippines—2.2%
|
|
|
|
San Miguel Corp.
|
18,225
|
48,189
|
|
South Africa—3.9%
|
|
|
|
Tiger Brands, Ltd.
|
2,616
|
86,592
|
|
Thailand—2.6%
|
|
|
|
Charoen Pokphand Foods Public Co., Ltd.
|
53,400
|
58,119
|
|
Turkey—2.3%
|
|
|
|
Anadolu Efes Biracilik ve Malt Sanayii AS
|
3,457
|
51,405
|
|
TOTAL INVESTMENTS IN SECURITIES—100.3%
|
|
|
|
(Cost: $2,070,755)
|
|
2,237,966
|
|
Liabilities in Excess of Other Assets—(0.3)%
|
|
(7,106)
|
|
Net Assets—100.0%
|
|
$
|
2,230,860
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
ADR
|
|
American Depositary Receipts
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Automobiles
|
|
$
|
384,717
|
|
|
|
17.3
|
%
|
|
Beverages
|
|
|
711,963
|
|
|
|
31.9
|
|
|
Food Products
|
|
|
707,121
|
|
|
|
31.7
|
|
|
Household Products
|
|
|
234,783
|
|
|
|
10.5
|
|
|
Tobacco
|
|
|
199,382
|
|
|
|
8.9
|
|
|
Total Investments
|
|
|
2,237,966
|
|
|
|
100.3
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(7,106
|
)
|
|
|
(0.3
|
)
|
|
Net Assets
|
|
$
|
2,230,860
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 35
Schedule of Investments
EGShares Consumer Services GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—101.9%
|
|
|
|
Brazil—4.1%
|
|
|
|
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR
|
1,804
|
$
|
81,379
|
|
Chile—12.7%
|
|
|
|
Cencosud SA
|
6,149
|
37,230
|
|
Lan Airlines SA ADR
|
4,557
|
115,201
|
|
S.A.C.I. Falabella
|
10,249
|
103,445
|
|
Total Chile
|
|
255,876
|
|
China—9.0%
|
|
|
|
Air China, Ltd. Class H
|
39,799
|
25,050
|
|
China Resources Enterprise, Ltd.
|
18,793
|
62,779
|
|
Ctrip.com International, Ltd. ADR*
|
2,694
|
45,474
|
|
New Oriental Education & Technology Group, Ltd. ADR
|
2,814
|
46,909
|
|
Total China
|
|
180,212
|
|
Colombia—2.6%
|
|
|
|
Almacenes Exito SA
|
3,231
|
52,926
|
|
Malaysia—7.7%
|
|
|
|
AirAsia BHD
|
28,500
|
28,160
|
|
Genting BHD
|
27,200
|
77,511
|
|
Genting Malaysia BHD
|
43,300
|
49,583
|
|
Total Malaysia
|
|
155,254
|
|
Mexico—12.8%
|
|
|
|
Grupo Elektra SA de CV
|
246
|
10,035
|
|
Grupo Televisa SAB ADR
|
3,558
|
83,649
|
|
TV Azteca SAB de CV Series CPO
|
15,415
|
10,646
|
|
Wal-Mart de Mexico SAB de CV Series V
|
54,070
|
152,446
|
|
Total Mexico
|
|
256,776
|
|
Philippines—3.3%
|
|
|
|
SM Investments Corp.
|
3,840
|
67,199
|
|
Russia—8.1%
|
|
|
|
Magnit OJSC GDR
|
3,593
|
122,126
|
|
X5 Retail Group NV GDR*
|
1,975
|
41,495
|
|
Total Russia
|
|
163,621
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
South Africa—35.4%
|
|
|
|
|
Foschini Group Ltd. (The)
|
4,036
|
$
|
61,882
|
|
|
Massmart Holdings, Ltd.
|
1,733
|
35,056
|
|
|
Mr. Price Group Ltd.
|
3,782
|
57,749
|
|
|
Naspers, Ltd. N Shares
|
3,398
|
212,076
|
|
|
Pick n Pay Stores, Ltd.
|
4,352
|
23,545
|
|
|
Shoprite Holdings, Ltd.
|
4,384
|
89,442
|
|
|
Steinhoff International Holdings, Ltd.
|
27,029
|
85,433
|
|
|
Truworths International, Ltd.
|
7,237
|
82,446
|
|
|
Woolworths Holdings, Ltd.
|
8,930
|
65,791
|
|
|
Total South Africa
|
|
713,420
|
|
|
Thailand—3.3%
|
|
|
|
|
CP ALL PCL
|
57,500
|
66,317
|
|
|
Turkey—2.9%
|
|
|
|
|
BIM Birlesik Magazalar AS
|
1,392
|
58,142
|
|
|
TOTAL INVESTMENTS IN SECURITIES—101.9%
|
|
|
|
|
(Cost: $2,003,822)
|
|
2,051,122
|
|
|
Liabilities in Excess of Other Assets—(1.9)%
|
|
(37,797
|
)
|
|
Net Assets—100.0%
|
|
$
|
2,013,325
|
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary
Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Airlines
|
|
$
|
168,411
|
|
|
|
8.4
|
%
|
|
Diversified Consumer Services
|
|
|
46,909
|
|
|
|
2.3
|
|
|
Food & Staples Retailing
|
|
|
822,883
|
|
|
|
40.9
|
|
|
Hotels, Restaurants & Leisure
|
|
|
172,568
|
|
|
|
8.6
|
|
|
Household Durables
|
|
|
85,433
|
|
|
|
4.2
|
|
|
Industrial Conglomerates
|
|
|
67,199
|
|
|
|
3.3
|
|
|
Media
|
|
|
306,371
|
|
|
|
15.2
|
|
|
Multiline Retail
|
|
|
169,236
|
|
|
|
8.4
|
|
|
Specialty Retail
|
|
|
212,112
|
|
|
|
10.6
|
|
|
Total Investments
|
|
|
2,051,122
|
|
|
|
101.9
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(37,797
|
)
|
|
|
(1.9
|
)
|
|
Net Assets
|
|
$
|
2,013,325
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
36 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Emerging Markets Consumer ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.9%
|
|
|
|
Brazil—17.0%
|
|
|
|
BRF—Brasil Foods SA ADR
|
1,156,810
|
$
|
20,012,813
|
|
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR
|
271,513
|
12,247,951
|
|
Companhia de Bebidas das Americas
|
|
|
|
Preference Shares ADR
|
1,158,586
|
44,339,086
|
|
Total Brazil
|
|
76,599,850
|
|
Chile—9.3%
|
|
|
|
Cencosud SA
|
1,761,616
|
10,665,842
|
|
Lan Airlines SA ADR
|
576,595
|
14,576,322
|
|
S.A.C.I. Falabella
|
1,671,387
|
16,869,544
|
|
Total Chile
|
|
42,111,708
|
|
China—5.3%
|
|
|
|
China Resources Enterprise, Ltd.
|
2,100,704
|
7,017,475
|
|
Ctrip.com International, Ltd. ADR*
|
316,342
|
5,339,853
|
|
Dongfeng Motor Group Co., Ltd. Class H
|
5,748,108
|
6,709,493
|
|
New Oriental Education & Technology Group, Ltd. ADR
|
278,391
|
4,640,778
|
|
Total China
|
|
23,707,599
|
|
Colombia—1.5%
|
|
|
|
Grupo Nutresa SA
|
579,266
|
6,761,159
|
|
India—11.2%
|
|
|
|
Bajaj Auto, Ltd.
|
165,521
|
5,743,103
|
|
Hero Motocorp, Ltd.
|
186,073
|
6,633,294
|
|
Hindustan Unilever, Ltd.
|
1,834,452
|
18,984,465
|
|
ITC, Ltd.
|
3,685,373
|
19,033,000
|
|
Total India
|
|
50,393,862
|
|
Indonesia—5.9%
|
|
|
|
Astra International TBK PT
|
34,106,738
|
26,373,026
|
|
Malaysia—6.2%
|
|
|
|
Genting BHD
|
4,124,120
|
11,752,359
|
|
Genting Malaysia BHD
|
6,377,080
|
7,302,398
|
|
IOI Corp. BHD
|
5,562,920
|
9,063,747
|
|
Total Malaysia
|
|
28,118,504
|
|
Mexico—18.5%
|
|
|
|
Fomento Economico Mexicano SAB de CV Series UB
|
3,094,273
|
28,525,865
|
|
Grupo Bimbo SAB de CV Series A
|
4,760,956
|
11,897,530
|
|
Grupo Televisa SAB Series CPO
|
3,469,624
|
16,380,344
|
|
Wal-Mart de Mexico SAB de CV Series V
|
9,473,398
|
26,709,497
|
|
Total Mexico
|
|
83,513,236
|
|
Investments
|
Shares
|
Value
|
|
|
|
Russia—3.9%
|
|
|
|
Magnit OJSC GDR
|
512,372
|
$
|
17,415,524
|
|
South Africa—19.0%
|
|
|
|
Naspers, Ltd. N Shares
|
648,999
|
40,505,265
|
|
Shoprite Holdings, Ltd.
|
668,933
|
13,647,574
|
|
Steinhoff International Holdings, Ltd.*
|
3,107,702
|
9,822,736
|
|
Tiger Brands, Ltd.
|
364,298
|
12,058,570
|
|
Truworths International, Ltd.
|
842,169
|
9,594,285
|
|
Total South Africa
|
|
85,628,430
|
|
Thailand—2.1%
|
|
|
|
CP ALL PCL
|
8,178,800
|
9,432,989
|
|
TOTAL INVESTMENTS IN SECURITIES—99.9%
|
|
|
|
(Cost: $418,982,105)
|
|
450,055,887
|
|
Other Assets in Excess of Liabilities—0.1%
|
|
389,483
|
|
Net Assets—100.0%
|
|
$
|
450,445,370
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary
Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Airlines
|
|
$
|
14,576,322
|
|
|
|
3.3
|
%
|
|
Automobiles
|
|
|
45,458,916
|
|
|
|
10.1
|
|
|
Beverages
|
|
|
72,864,951
|
|
|
|
16.2
|
|
|
Diversified Consumer Services
|
|
|
4,640,778
|
|
|
|
1.0
|
|
|
Food & Staples Retailing
|
|
|
97,136,852
|
|
|
|
21.6
|
|
|
Food Products
|
|
|
59,793,819
|
|
|
|
13.3
|
|
|
Hotels, Restaurants & Leisure
|
|
|
24,394,610
|
|
|
|
5.4
|
|
|
Household Durables
|
|
|
9,822,736
|
|
|
|
2.2
|
|
|
Household Products
|
|
|
18,984,465
|
|
|
|
4.2
|
|
|
Media
|
|
|
56,885,609
|
|
|
|
12.6
|
|
|
Multiline Retail
|
|
|
16,869,544
|
|
|
|
3.7
|
|
|
Specialty Retail
|
|
|
9,594,285
|
|
|
|
2.1
|
|
|
Tobacco
|
|
|
19,033,000
|
|
|
|
4.2
|
|
|
Total Investments
|
|
|
450,055,887
|
|
|
|
99.9
|
|
|
Other Assets in Excess of Liabilities
|
|
|
389,483
|
|
|
|
0.1
|
|
|
Net Assets
|
|
$
|
450,445,370
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 37
Schedule of Investments (Consolidated)†
EGShares Emerging Markets Domestic Demand ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.7%
|
|
|
|
Brazil—12.3%
|
|
|
|
BRF—Brasil Foods SA ADR
|
7,800
|
$
|
134,940
|
|
Centrais Eletricas Brasileiras SA ADR
|
3,340
|
19,806
|
|
Companhia de Bebidas das Americas
|
|
|
|
Preference Shares ADR
|
6,315
|
241,675
|
|
Companhia de Saneamento Basico do
|
|
|
|
Estado de Sao Paulo ADR
|
665
|
54,005
|
|
Companhia Energetica de Minas Gerais ADR
|
1,495
|
18,119
|
|
Companhia Paranaense de Energia-Copel
|
|
|
|
Preference Shares ADR
|
430
|
7,061
|
|
CPFL Energia SA ADR
|
850
|
18,624
|
|
Telefonica Brasil SA Preference Shares ADR
|
6,375
|
138,592
|
|
Total Brazil
|
|
632,822
|
|
Chile—1.0%
|
|
|
|
Enersis SA ADR
|
2,945
|
48,269
|
|
China—14.8%
|
|
|
|
BYD Co., Ltd. Class H*
|
32,205
|
56,159
|
|
China Telecom Corp., Ltd. Class H
|
457,455
|
264,328
|
|
Dongfeng Motor Group Co., Ltd. Class H
|
99,535
|
116,182
|
|
Great Wall Motor Co., Ltd. Class H
|
39,160
|
103,289
|
|
Huaneng Power International, Inc. Class H
|
186,142
|
141,649
|
|
Sinopharm Group Co. Class H
|
24,605
|
78,862
|
|
Total China
|
|
760,469
|
|
India—15.2%
|
|
|
|
Bajaj Auto, Ltd.
|
1,415
|
49,096
|
|
Bharti Airtel, Ltd.
|
12,435
|
62,582
|
|
Cipla, Ltd.
|
4,870
|
35,095
|
|
Dr Reddy’s Laboratories Ltd.
|
1,320
|
41,184
|
|
GAIL India, Ltd.
|
3,985
|
28,918
|
|
Hero Motocorp, Ltd.
|
1,090
|
38,857
|
|
ITC, Ltd.
|
52,461
|
270,933
|
|
Mahindra & Mahindra, Ltd.
|
4,865
|
79,757
|
|
Sun Pharmaceutical Industries, Ltd.
|
6,240
|
82,287
|
|
Tata Motors, Ltd. ADR
|
3,630
|
93,218
|
|
Total India
|
|
781,927
|
|
Indonesia—6.7%
|
|
|
|
Astra International Tbk PT
|
221,385
|
171,186
|
|
Perusahaan Gas Negara PT
|
126,250
|
54,418
|
|
Telekomunikasi Indonesia Tbk PT ADR
|
3,005
|
116,985
|
|
Total Indonesia
|
|
342,589
|
|
Malaysia—4.3%
|
|
|
|
Axiata Group BHD
|
42,000
|
89,318
|
|
Genting BHD
|
28,000
|
79,790
|
|
Tenaga Nasional BHD
|
22,500
|
50,204
|
|
Total Malaysia
|
|
219,312
|
|
Mexico—24.3%
|
|
|
|
America Movil SAB de CV Series L ADR
|
9,255
|
235,447
|
|
Coca-Cola Femsa SAB de CV ADR
|
1,285
|
165,765
|
|
Fomento Economico Mexicano SAB de CV ADR
|
2,752
|
253,129
|
|
Grupo Elektra SA de CV
|
770
|
31,412
|
|
Grupo Modelo SAB de CV Series C
|
27,075
|
244,043
|
|
Grupo Televisa SAB ADR
|
6,430
|
151,169
|
|
Wal-Mart de Mexico SAB de CV Series V
|
59,510
|
167,784
|
|
Total Mexico
|
|
1,248,749
|
|
Investments
|
Shares
|
Value
|
|
|
|
Philippines—1.5%
|
|
|
|
Philippine Long Distance Telephone Co. ADR
|
1,180
|
$
|
77,892
|
|
Poland—0.9%
|
|
|
|
PGE SA
|
8,125
|
46,921
|
|
Russia—3.1%
|
|
|
|
Federal Hydrogenerating Co. JSC ADR
|
13,175
|
35,045
|
|
Mobile TeleSystems ADR
|
7,160
|
125,443
|
|
Total Russia
|
|
160,488
|
|
South Africa—13.1%
|
|
|
|
Aspen Pharmacare Holdings, Ltd.
|
2,335
|
40,468
|
|
Imperial Holdings, Ltd.
|
1,590
|
36,133
|
|
MTN Group, Ltd.
|
12,965
|
251,737
|
|
Naspers, Ltd. N Shares
|
3,475
|
216,882
|
|
Steinhoff International Holdings, Ltd.
|
11,610
|
36,696
|
|
Truworths International, Ltd.
|
3,890
|
44,316
|
|
Woolworths Holdings, Ltd.
|
6,135
|
45,199
|
|
Total South Africa
|
|
671,431
|
|
Thailand—2.5%
|
|
|
|
Advanced Info Service PCL
|
18,500
|
128,622
|
|
TOTAL INVESTMENTS IN SECURITIES—99.7%
|
|
|
|
(Cost: $4,993,926)
|
|
5,119,491
|
|
Other Assets in Excess of Liabilities—0.3%
|
|
15,211
|
|
Net Assets—100.0%
|
|
$
|
5,134,702
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Automobiles
|
|
$
|
707,744
|
|
|
|
13.8
|
%
|
|
Beverages
|
|
|
904,612
|
|
|
|
17.6
|
|
|
Distributors
|
|
|
36,133
|
|
|
|
0.7
|
|
|
Diversified Telecommunication Services
|
|
|
519,905
|
|
|
|
10.1
|
|
|
Electric Utilities
|
|
|
244,049
|
|
|
|
4.7
|
|
|
Food & Staples Retailing
|
|
|
167,784
|
|
|
|
3.3
|
|
|
Food Products
|
|
|
134,940
|
|
|
|
2.6
|
|
|
Gas Utilities
|
|
|
83,336
|
|
|
|
1.6
|
|
|
Health Care Providers & Services
|
|
|
78,862
|
|
|
|
1.5
|
|
|
Hotels, Restaurants & Leisure
|
|
|
79,790
|
|
|
|
1.6
|
|
|
Household Durables
|
|
|
36,696
|
|
|
|
0.7
|
|
|
Independent Power Producers & Energy Traders
|
|
|
141,649
|
|
|
|
2.8
|
|
|
Media
|
|
|
368,051
|
|
|
|
7.2
|
|
|
Multiline Retail
|
|
|
45,199
|
|
|
|
0.9
|
|
|
Pharmaceuticals
|
|
|
199,034
|
|
|
|
3.9
|
|
|
Specialty Retail
|
|
|
75,728
|
|
|
|
1.5
|
|
|
Tobacco
|
|
|
270,933
|
|
|
|
5.3
|
|
|
Water Utilities
|
|
|
54,005
|
|
|
|
1.0
|
|
|
Wireless Telecommunication Services
|
|
|
971,041
|
|
|
|
18.9
|
|
|
Total Investments
|
|
|
5,119,491
|
|
|
|
99.7
|
|
|
Other Assets in Excess of Liabilities
|
|
|
15,211
|
|
|
|
0.3
|
|
|
Net Assets
|
|
$
|
5,134,702
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
38 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Emerging Markets Metals & Mining ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.5%
|
|
|
|
Brazil—16.8%
|
|
|
|
Companhia Siderurgica Nacional SA ADR
|
65,217
|
$ 367,172
|
|
Gerdau SA Preference Shares ADR
|
62,399
|
593,414
|
|
Vale SA ADR
|
65,337
|
1,169,532
|
|
Total Brazil
|
|
2,130,118
|
|
Chile—2.4%
|
|
|
|
Capital SA
|
8,700
|
303,047
|
|
China—18.3%
|
|
|
|
Aluminum Corp. of China, Ltd. Class H
|
481,827
|
199,486
|
|
China Coal Energy Co., Ltd. Class H
|
391,467
|
357,474
|
|
China Shenhua Energy Co., Ltd. Class H
|
212,019
|
823,109
|
|
Jiangxi Copper Co., Ltd. Class H
|
138,641
|
351,196
|
|
Yanzhou Coal Mining Co., Ltd. Class H
|
208,996
|
318,619
|
|
Zijin Mining Group Co., Ltd. Class H
|
668,251
|
269,774
|
|
Total China
|
|
2,319,658
|
|
India—12.0%
|
|
|
|
Coal India, Ltd.
|
56,731
|
386,077
|
|
Hindalco Industries, Ltd.
|
100,390
|
229,729
|
|
Jindal Steel & Power, Ltd.
|
42,483
|
344,044
|
|
Steel Authority of India, Ltd.
|
84,284
|
136,545
|
|
Sterlite Industries India, Ltd. ADR
|
26,058
|
197,780
|
|
Tata Steel, Ltd.
|
29,840
|
226,805
|
|
Total India
|
|
1,520,980
|
|
Indonesia—1.3%
|
|
|
|
Bumi Resources Tbk PT
|
2,096,090
|
159,890
|
|
Mexico—8.7%
|
|
|
|
Grupo Mexico SAB de CV Series B
|
175,661
|
581,199
|
|
Industrias Penoles SAB de CV
|
10,511
|
519,122
|
|
Total Mexico
|
|
1,100,321
|
|
Poland—4.4%
|
|
|
|
KGHM Polska Miedz SA
|
11,606
|
552,486
|
|
Investments
|
Shares
|
Value
|
|
|
|
Russia—10.8%
|
|
|
|
Evraz PLC
|
46,884
|
$
|
186,697
|
|
MMC Norilsk Nickel OJSC ADR
|
47,306
|
754,531
|
|
Novolipetsk Steel GDR
|
8,999
|
178,180
|
|
Severstal GDR
|
19,602
|
245,221
|
|
Total Russia
|
|
1,364,629
|
|
South Africa—23.0%
|
|
|
|
Anglo American Platinum, Ltd.
|
5,809
|
301,322
|
|
AngloGold Ashanti, Ltd.
|
24,391
|
864,415
|
|
Gold Fields, Ltd.
|
52,750
|
682,458
|
|
Impala Platinum Holdings, Ltd.
|
39,113
|
658,903
|
|
Kumba Iron Ore, Ltd.
|
6,638
|
404,596
|
|
Total South Africa
|
|
2,911,694
|
|
Turkey—1.8%
|
|
|
|
Eregli Demir ve Celik Fabrikalari TAS
|
191,635
|
235,862
|
|
TOTAL INVESTMENTS IN SECURITIES—99.5%
|
|
|
|
(Cost: $17,360,386)
|
|
12,598,685
|
|
Other Assets in Excess of Liabilities—0.5%
|
|
64,417
|
|
Net Assets—100.0%
|
|
$
|
12,663,102
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
ADR
|
American Depositary Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Metals & Mining
|
|
$
|
10,553,516
|
|
|
|
83.3
|
%
|
|
Oil, Gas & Consumable Fuels
|
|
|
2,045,169
|
|
|
|
16.2
|
|
|
Total Investments
|
|
|
12,598,685
|
|
|
|
99.5
|
|
|
Other Assets in Excess of Liabilities
|
|
|
64,417
|
|
|
|
0.5
|
|
|
Net Assets
|
|
$
|
12,663,102
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 39
Schedule of Investments (Consolidated)†
EGShares Energy GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.7%
|
|
|
|
Brazil—7.4%
|
|
|
|
Petroleo Brasileiro SA ADR
|
38,297
|
$
|
878,533
|
|
Chile—2.9%
|
|
|
|
Empresas Copec SA
|
23,748
|
349,887
|
|
China—21.8%
|
|
|
|
China Oilfield Services, Ltd. Class H
|
99,914
|
181,961
|
|
China Petroleum & Chemical Corp. Class H
|
575,756
|
537,642
|
|
CNOOC, Ltd.
|
410,508
|
841,851
|
|
Kunlun Energy Co., Ltd.
|
167,958
|
294,182
|
|
PetroChina Co., Ltd. Class H
|
576,324
|
755,225
|
|
Total China
|
|
2,610,861
|
|
Colombia—4.3%
|
|
|
|
Ecopetrol SA ADR
|
8,655
|
510,039
|
|
Hungary—1.8%
|
|
|
|
MOL Hungarian Oil and Gas PLC
|
2,549
|
211,318
|
|
India—15.3%
|
|
|
|
Bharat Petroleum Corp., Ltd.
|
16,160
|
106,835
|
|
Cairn India, Ltd.*
|
30,296
|
190,151
|
|
GAIL India, Ltd.
|
23,594
|
171,212
|
|
Indian Oil Corp., Ltd.
|
36,367
|
172,717
|
|
Oil & Natural Gas Corp., Ltd.
|
85,807
|
456,894
|
|
Reliance Industries, Ltd. GDR 144A
|
23,346
|
734,932
|
|
Total India
|
|
1,832,741
|
|
Malaysia—1.2%
|
|
|
|
Petronas Dagangan BHD
|
20,000
|
147,227
|
|
Poland—3.4%
|
|
|
|
Polski Koncern Naftowy Orlen SA*
|
18,632
|
264,630
|
|
Polskie Gornictwo Naftowe i Gazownictwo SA*
|
115,133
|
146,273
|
|
Total Poland
|
|
410,903
|
|
Russia—30.0%
|
|
|
|
Gazprom Neft JSC ADR
|
943
|
23,170
|
|
Gazprom OAO ADR
|
112,038
|
1,123,741
|
|
LUKOIL OAO ADR
|
13,050
|
803,880
|
|
NovaTek OAO GDR
|
4,447
|
526,080
|
|
Rosneft Oil Co. OJSC GDR
|
49,772
|
334,468
|
|
Surgutneftegas ADR
|
40,704
|
367,150
|
|
Tatneft ADR
|
9,780
|
405,577
|
|
Total Russia
|
|
3,584,066
|
|
Investments
|
Shares
|
Value
|
|
|
|
South Africa—4.5%
|
|
|
|
Sasol, Ltd.
|
11,805
|
$
|
532,639
|
|
Thailand—5.5%
|
|
|
|
PTT Exploration & Production PCL
|
38,865
|
205,184
|
|
PTT PCL
|
30,589
|
326,958
|
|
Thai Oil PCL
|
57,986
|
122,924
|
|
Total Thailand
|
|
655,066
|
|
Turkey—1.6%
|
|
|
|
Tupras-Turkiye Petrol Rafinerileri AS
|
8,388
|
191,528
|
|
TOTAL INVESTMENTS IN SECURITIES—99.7%
|
|
|
|
(Cost: $13,405,515)
|
|
11,914,808
|
|
Other Assets in Excess of Liabilities—0.3%
|
|
39,465
|
|
Net Assets—100.0%
|
|
$
|
11,954,273
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
144A
|
Series 144A securities were purchased pursuant to Rule
144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless
otherwise noted, Series 144A securities are deemed to be liquid.
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Energy Equipment & Services
|
|
$
|
181,961
|
|
|
|
1.5
|
%
|
|
Gas Utilities
|
|
|
171,212
|
|
|
|
1.5
|
|
|
Industrial Conglomerates
|
|
|
349,887
|
|
|
|
2.9
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
11,211,748
|
|
|
|
93.8
|
|
|
Total Investments
|
|
|
11,914,808
|
|
|
|
99.7
|
|
|
Other Assets in Excess of Liabilities
|
|
|
39,465
|
|
|
|
0.3
|
|
|
Net Assets
|
|
$
|
11,954,273
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
40 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Financials GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.1%
|
|
|
|
Brazil—14.3%
|
|
|
|
Banco Bradesco SA Preference Shares ADR
|
15,362
|
$
|
246,867
|
|
Banco Santander Brasil SA ADS ADR
|
6,454
|
47,566
|
|
Itau Unibanco Holding SA Preference Shares ADR
|
17,488
|
267,217
|
|
Total Brazil
|
|
561,650
|
|
China—41.4%
|
|
|
|
Agricultural Bank of China, Ltd. Class H
|
237,604
|
92,550
|
|
Bank of China, Ltd. Class H
|
564,130
|
214,643
|
|
Bank of Communications Co., Ltd. Class H
|
75,565
|
51,265
|
|
China Citic Bank Corp., Ltd. Class H
|
89,953
|
42,695
|
|
China Construction Bank Corp. Class H
|
584,279
|
405,433
|
|
China Life Insurance Co., Ltd. Class H
|
58,282
|
168,383
|
|
China Merchants Bank Co., Ltd. Class H
|
37,393
|
62,987
|
|
China Overseas Land & Investment, Ltd.
|
37,062
|
94,265
|
|
Industrial and Commercial Bank of China, Ltd. Class H
|
609,342
|
359,951
|
|
Ping An Insurance Group Co. of China, Ltd. Class H
|
17,257
|
130,431
|
|
Total China
|
|
1,622,603
|
|
India—12.7%
|
|
|
|
HDFC Bank, Ltd. ADR
|
3,480
|
130,778
|
|
Housing Development Finance Corp., Ltd.
|
13,035
|
191,379
|
|
ICICI Bank, Ltd. ADR
|
2,748
|
110,305
|
|
State Bank of India GDR
|
747
|
64,354
|
|
Total India
|
|
496,816
|
|
Indonesia—2.8%
|
|
|
|
Bank Central Asia Tbk PT
|
133,095
|
109,870
|
|
Malaysia—3.6%
|
|
|
|
CIMB Group Holdings BHD
|
26,200
|
64,289
|
|
Malayan Banking BHD
|
25,600
|
75,464
|
|
Total Malaysia
|
|
139,753
|
|
Mexico—2.6%
|
|
|
|
Grupo Financiero Banorte SAB de CV Class O
|
17,834
|
100,910
|
|
Poland—2.1%
|
|
|
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
7,420
|
82,456
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
Russia—6.7%
|
|
|
|
|
Sberbank of Russia ADR
|
18,299
|
$
|
214,647
|
|
|
VTB Bank OJSC GDR
|
14,634
|
48,731
|
|
|
Total Russia
|
|
263,378
|
|
|
South Africa—9.4%
|
|
|
|
|
ABSA Group, Ltd.
|
3,166
|
53,143
|
|
|
FirstRand, Ltd.
|
26,840
|
90,723
|
|
|
Sanlam, Ltd.
|
18,572
|
84,564
|
|
|
Standard Bank Group, Ltd.
|
10,887
|
139,374
|
|
|
Total South Africa
|
|
367,804
|
|
|
Turkey—4.5%
|
|
|
|
|
Akbank TAS
|
21,174
|
83,726
|
|
|
Turkiye Garanti Bankasi AS
|
22,077
|
92,213
|
|
|
Total Turkey
|
|
175,939
|
|
|
TOTAL INVESTMENTS IN SECURITIES—100.1%
|
|
|
|
|
(Cost: $4,388,284)
|
|
3,921,179
|
|
|
Liabilities in Excess of Other Assets—(0.1)%
|
|
(2,234
|
)
|
|
Net Assets—100.0%
|
|
$
|
3,918,945
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
ADR
|
American Depositary Receipts
|
|
ADS
|
American Depository Shares
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Commercial Banks
|
|
$
|
3,161,434
|
|
|
|
80.7
|
%
|
|
Diversified Financial Services
|
|
|
90,723
|
|
|
|
2.3
|
|
|
Insurance
|
|
|
383,378
|
|
|
|
9.8
|
|
|
Real Estate Management & Development
|
|
|
94,265
|
|
|
|
2.4
|
|
|
Thrifts & Mortgage Finance
|
|
|
191,379
|
|
|
|
4.9
|
|
|
Total Investments
|
|
|
3,921,179
|
|
|
|
100.1
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(2,234
|
)
|
|
|
(0.1
|
)
|
|
Net Assets
|
|
$
|
3,918,945
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 41
Schedule of Investments (Consolidated)†
EGShares GEMS Composite ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.6%
|
|
|
|
Brazil—16.4%
|
|
|
|
Banco Bradesco SA Preference Shares ADR
|
19,307
|
$
|
310,263
|
|
BRF—Brasil Foods SA ADR
|
7,278
|
125,909
|
|
Companhia Brasileira de Distribuicao Grupo
|
|
|
|
Pao de Acucar Preference Shares ADR
|
1,450
|
65,409
|
|
Companhia de Bebidas das Americas
|
|
|
|
Preference Shares ADR
|
7,756
|
296,822
|
|
Companhia de Saneamento Basico do
|
|
|
|
Estado de Sao Paulo ADR
|
534
|
43,366
|
|
Companhia Energetica de Minas Gerais
|
|
|
|
Preference Shares ADR
|
5,696
|
69,035
|
|
Companhia Siderurgica Nacional SA ADR
|
8,431
|
47,466
|
|
Embraer SA ADR
|
1,564
|
41,634
|
|
Gerdau SA Preference Shares ADR
|
6,968
|
66,266
|
|
Itau Unibanco Holding SA Preference Shares ADR
|
22,993
|
351,333
|
|
Petroleo Brasileiro SA ADR
|
16,756
|
384,383
|
|
Telefonica Brasil SA Preference Shares ADR
|
2,800
|
60,872
|
|
Ultrapar Participacoes SA ADR
|
4,813
|
107,378
|
|
Vale SA ADR
|
13,091
|
234,329
|
|
Total Brazil
|
|
2,204,465
|
|
Chile—2.2%
|
|
|
|
Cencosud SA
|
9,742
|
58,984
|
|
Empresa Nacional de Electricidad SA ADR
|
1,320
|
63,307
|
|
Enersis SA ADR
|
2,976
|
48,777
|
|
S.A.C.I. Falabella
|
12,112
|
122,248
|
|
Total Chile
|
|
293,316
|
|
China—27.8%
|
|
|
|
Baidu, Inc. ADR*
|
2,789
|
325,811
|
|
Bank of China, Ltd. Class H
|
662,623
|
252,119
|
|
China Communications Construction Co., Ltd. Class H
|
48,000
|
38,817
|
|
China Construction Bank Corp. Class H
|
834,198
|
578,852
|
|
China Life Insurance Co., Ltd. Class H
|
75,500
|
218,128
|
|
China Mobile, Ltd.
|
52,500
|
581,998
|
|
China Petroleum & Chemical Corp. Class H
|
162,280
|
151,537
|
|
China Shenhua Energy Co., Ltd. Class H
|
32,270
|
125,280
|
|
China Telecom Corp., Ltd. Class H
|
154,000
|
88,984
|
|
China Unicom Hong Kong, Ltd.
|
34,500
|
56,601
|
|
CNOOC, Ltd.
|
164,300
|
336,939
|
|
Dongfeng Motor Group Co., Ltd. Class H
|
26,000
|
30,349
|
|
Industrial and Commercial Bank of China, Ltd. Class H
|
831,793
|
491,357
|
|
Lenovo Group, Ltd.
|
49,700
|
41,154
|
|
Mindray Medical International, Ltd. ADR
|
1,101
|
37,005
|
|
NetEase.com, Inc. ADR*
|
641
|
35,986
|
|
PetroChina Co., Ltd. Class H
|
212,371
|
278,295
|
|
Shandong Weigao Group Medical Polymer Co., Ltd. Class H
|
19,600
|
25,330
|
|
SINA Corp.*
|
348
|
22,509
|
|
Sinopharm Group Co. Class H
|
2,400
|
7,692
|
|
Sohu.com, Inc.*
|
418
|
17,593
|
|
ZTE Corp. Class H
|
2,400
|
3,851
|
|
Total China
|
|
3,746,187
|
|
Czech Republic—0.5%
|
|
|
|
CEZ AS
|
1,707
|
63,610
|
|
Egypt—0.3%
|
|
|
|
Orascom Construction Industries
|
967
|
45,661
|
|
Investments
|
Shares
|
Value
|
|
|
|
Hungary—0.2%
|
|
|
|
Richter Gedeon Nyrt.
|
149
|
$
|
26,090
|
|
India—10.9%
|
|
|
|
Bharti Airtel, Ltd.
|
8,386
|
42,204
|
|
Cipla, Ltd.
|
2,191
|
15,789
|
|
Dr. Reddy’s Laboratories, Ltd. ADR
|
1,425
|
43,975
|
|
HDFC Bank, Ltd. ADR
|
4,462
|
167,682
|
|
Hindustan Unilever, Ltd.
|
10,530
|
108,973
|
|
Housing Development Finance Corp., Ltd.
|
15,414
|
226,308
|
|
Infosys, Ltd. ADR
|
4,986
|
242,020
|
|
ITC, Ltd.
|
18,658
|
96,359
|
|
Mahindra & Mahindra, Ltd.
|
1,843
|
30,214
|
|
NTPC, Ltd.
|
5,480
|
17,465
|
|
Reliance Industries, Ltd. GDR 144A
|
8,655
|
272,459
|
|
Sun Pharmaceutical Industries, Ltd.
|
4,003
|
52,788
|
|
Tata Consultancy Services, Ltd.
|
3,356
|
82,454
|
|
Tata Motors, Ltd. ADR
|
1,304
|
33,487
|
|
Wipro, Ltd. ADR
|
3,283
|
29,383
|
|
Total India
|
|
1,461,560
|
|
Indonesia—2.5%
|
|
|
|
Astra International Tbk PT
|
195,271
|
150,993
|
|
Perusahaan Gas Negara PT
|
139,500
|
60,129
|
|
Telekomunikasi Indonesia Tbk PT
|
91,500
|
90,353
|
|
United Tractors Tbk PT
|
17,378
|
37,589
|
|
Total Indonesia
|
|
339,064
|
|
Malaysia—2.0%
|
|
|
|
Genting BHD
|
26,400
|
75,231
|
|
IOI Corp. BHD
|
28,493
|
46,424
|
|
Sime Darby BHD
|
26,500
|
84,966
|
|
Tenaga Nasional BHD
|
25,300
|
56,452
|
|
Total Malaysia
|
|
263,073
|
|
Mexico—10.4%
|
|
|
|
America Movil SAB de CV Series L
|
525,390
|
670,158
|
|
Cemex SAB de CV Series CPO*
|
117,479
|
97,859
|
|
Fomento Economico Mexicano SAB de CV Series UB
|
17,800
|
164,097
|
|
Grupo Bimbo SAB de CV Series A
|
28,600
|
71,471
|
|
Grupo Mexico SAB de CV Series B
|
36,067
|
119,333
|
|
Grupo Televisa SAB Series CPO
|
22,500
|
106,224
|
|
Wal-Mart de Mexico SAB de CV Series V
|
59,078
|
166,566
|
|
Total Mexico
|
|
1,395,708
|
|
Poland—0.1%
|
|
|
|
Asseco Poland SA
|
782
|
10,907
|
|
Russia—13.0%
|
|
|
|
Federal Hydrogenerating Co. JSC ADR
|
6,554
|
17,434
|
|
Gazprom OAO ADR
|
62,427
|
626,143
|
|
LUKOIL OAO ADR
|
5,288
|
325,741
|
|
Magnit OJSC GDR
|
2,549
|
86,640
|
|
MMC Norilsk Nickel OJSC ADR
|
6,628
|
105,716
|
|
Mobile TeleSystems ADR
|
4,929
|
86,356
|
|
Rosneft Oil Co. OJSC GDR
|
9,081
|
61,024
|
|
Sberbank of Russia ADR
|
21,865
|
256,476
|
|
Surgutneftegas ADR
|
9,470
|
85,419
|
|
Uralkali OJSC GDR
|
2,500
|
103,425
|
|
Total Russia
|
|
1,754,374
|
The accompanying notes are an integral part of these financial statements.
42 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
(concluded)
EGShares GEMS Composite ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
South Africa—12.4%
|
|
|
|
AngloGold Ashanti, Ltd.
|
3,932
|
$
|
139,350
|
|
Aspen Pharmacare Holdings, Lt.*
|
3,566
|
61,802
|
|
Bidvest Group, Ltd.
|
2,635
|
65,786
|
|
Gold Fields, Ltd.
|
7,789
|
100,771
|
|
Impala Platinum Holdings, Ltd.
|
5,838
|
98,348
|
|
Imperial Holdings, Ltd.
|
2,145
|
48,746
|
|
Mediclinic International, Ltd.
|
4,000
|
19,876
|
|
MTN Group, Ltd.
|
15,956
|
309,813
|
|
Naspers, Ltd. N Shares
|
4,309
|
268,933
|
|
Netcare, Ltd.
|
14,050
|
30,480
|
|
Sasol, Ltd.
|
5,061
|
228,351
|
|
Shoprite Holdings, Ltd.
|
3,494
|
71,285
|
|
Standard Bank Group, Ltd.
|
13,548
|
173,440
|
|
Tiger Brands, Ltd.
|
1,617
|
53,524
|
|
Total South Africa
|
|
1,670,505
|
|
Thailand—0.9%
|
|
|
|
Advanced Info Service PCL
|
11,600
|
80,650
|
|
CP ALL PCL
|
33,000
|
38,060
|
|
Total Thailand
|
|
118,710
|
|
TOTAL COMMON STOCKS
|
|
|
|
(Cost: $14,633,129)
|
|
13,393,230
|
|
RIGHTS—0.0%**
|
|
|
|
South Africa—0.0%
|
|
|
|
Mediclinic International Ltd.,expiring 10/5/12*
|
|
|
|
(Cost: $0)
|
1,070
|
1,589
|
|
TOTAL INVESTMENTS IN SECURITIES—99.6%
|
|
|
|
(Cost: $14,633,129)
|
|
13,394,819
|
|
Other Assets in Excess of Liabilities—0.4%
|
|
56,378
|
|
Net Assets—100.0%
|
|
$
|
13,451,197
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
144A
|
Series 144A securities were purchased pursuant to Rule
144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless
otherwise noted, Series 144A securities are deemed to be liquid.
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Aerospace & Defense
|
|
$
|
41,634
|
|
|
|
0.3
|
%
|
|
Automobiles
|
|
|
245,043
|
|
|
|
1.8
|
|
|
Beverages
|
|
|
460,919
|
|
|
|
3.4
|
|
|
Chemicals
|
|
|
103,425
|
|
|
|
0.8
|
|
|
Commercial Banks
|
|
|
2,581,522
|
|
|
|
19.2
|
|
|
Communications Equipment
|
|
|
3,851
|
|
|
|
0.0
|
**
|
|
Computers & Peripherals
|
|
|
41,154
|
|
|
|
0.3
|
|
|
Construction & Engineering
|
|
|
84,478
|
|
|
|
0.6
|
|
|
Construction Materials
|
|
|
97,859
|
|
|
|
0.7
|
|
|
Distributors
|
|
|
48,746
|
|
|
|
0.4
|
|
|
Diversified Telecommunication Services
|
|
|
296,810
|
|
|
|
2.2
|
|
|
Electric Utilities
|
|
|
255,308
|
|
|
|
1.9
|
|
|
Food & Staples Retailing
|
|
|
486,944
|
|
|
|
3.6
|
|
|
Food Products
|
|
|
297,328
|
|
|
|
2.2
|
|
|
Gas Utilities
|
|
|
60,129
|
|
|
|
0.5
|
|
|
Health Care Equipment & Supplies
|
|
|
63,924
|
|
|
|
0.5
|
|
|
Health Care Providers & Services
|
|
|
58,048
|
|
|
|
0.4
|
|
|
Hotels, Restaurants & Leisure
|
|
|
75,231
|
|
|
|
0.6
|
|
|
Household Products
|
|
|
108,973
|
|
|
|
0.8
|
|
|
Independent Power Producers & Energy Traders
|
|
|
80,772
|
|
|
|
0.6
|
|
|
Industrial Conglomerates
|
|
|
150,752
|
|
|
|
1.1
|
|
|
Insurance
|
|
|
218,128
|
|
|
|
1.6
|
|
|
Internet Software & Services
|
|
|
401,899
|
|
|
|
3.0
|
|
|
IT Services
|
|
|
353,857
|
|
|
|
2.6
|
|
|
Machinery
|
|
|
37,589
|
|
|
|
0.3
|
|
|
Media
|
|
|
375,157
|
|
|
|
2.8
|
|
|
Metals & Mining
|
|
|
911,579
|
|
|
|
6.8
|
|
|
Multiline Retail
|
|
|
122,248
|
|
|
|
0.9
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
2,982,949
|
|
|
|
22.2
|
|
|
Pharmaceuticals
|
|
|
200,444
|
|
|
|
1.5
|
|
|
Software
|
|
|
10,907
|
|
|
|
0.1
|
|
|
Thrifts & Mortgage Finance
|
|
|
226,308
|
|
|
|
1.7
|
|
|
Tobacco
|
|
|
96,359
|
|
|
|
0.7
|
|
|
Water Utilities
|
|
|
43,366
|
|
|
|
0.3
|
|
|
Wireless Telecommunication Services
|
|
|
1,771,179
|
|
|
|
13.2
|
|
|
Total Investments
|
|
|
13,394,819
|
|
|
|
99.6
|
|
|
Other Assets in Excess of Liabilities
|
|
|
56,378
|
|
|
|
0.4
|
|
|
Net Assets
|
|
$
|
13,451,197
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 43
Schedule of Investments (Consolidated)†
EGShares Health Care GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.3%
|
|
|
|
Chile—1.3%
|
|
|
|
Banmedica SA
|
13,138
|
$
|
26,356
|
|
China—20.3%
|
|
|
|
China Pharmaceutical Group, Ltd.*
|
26,726
|
7,653
|
|
Mindray Medical International, Ltd. ADR
|
3,437
|
115,518
|
|
Shandong Weigao Group Medical Polymer Co., Ltd. Class H
|
78,645
|
101,638
|
|
Shanghai Pharmaceuticals Holding Co., Ltd. Class H
|
30,700
|
56,940
|
|
Sinopharm Group Co. Class H
|
30,125
|
96,554
|
|
WuXi PharmaTech Cayman, Inc. ADR*
|
3,443
|
51,404
|
|
Total China
|
|
429,707
|
|
Hungary—5.2%
|
|
|
|
EGIS Pharmaceuticals PLC
|
201
|
15,965
|
|
Richter Gedeon Nyrt.
|
531
|
92,979
|
|
Total Hungary
|
|
108,944
|
|
India—31.1%
|
|
|
|
Apollo Hospitals Enterprise, Ltd.
|
4,309
|
59,739
|
|
Aurobindo Pharma, Ltd.
|
6,001
|
16,156
|
|
Biocon, Ltd.
|
3,172
|
16,526
|
|
Cipla, Ltd.
|
14,209
|
102,395
|
|
Divi’s Laboratories, Ltd.
|
1,856
|
38,095
|
|
Dr. Reddy’s Laboratories, Ltd. ADR
|
3,365
|
103,844
|
|
Glenmark Pharmaceuticals, Ltd.
|
5,075
|
40,503
|
|
Piramal Healthcare, Ltd.
|
4,336
|
38,160
|
|
Ranbaxy Laboratories, Ltd.*
|
5,696
|
57,208
|
|
Sun Pharmaceutical Industries, Ltd.
|
14,046
|
185,225
|
|
Total India
|
|
657,851
|
|
Indonesia—4.1%
|
|
|
|
Kalbe Farma Tbk PT
|
177,000
|
86,928
|
|
Malaysia—1.3%
|
|
|
|
Top Glove Corp. BHD
|
17,000
|
27,253
|
|
Mexico—3.0%
|
|
|
|
Genomma Lab Internacional SAB de CV Class B*
|
32,515
|
62,995
|
|
Russia—2.0%
|
|
|
|
Pharmstandard OJSC GDR*
|
2,972
|
42,202
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
South Africa—27.6%
|
|
|
|
|
Adcock Ingram Holdings, Ltd.
|
6,556
|
$
|
47,189
|
|
|
Aspen Pharmacare Holdings, Ltd.
|
12,305
|
213,257
|
|
|
Life Healthcare Group Holdings, Ltd.
|
39,509
|
152,029
|
|
|
Mediclinic International, Ltd.
|
14,158
|
70,351
|
|
|
Netcare, Ltd.
|
46,653
|
101,209
|
|
|
Total South Africa
|
|
584,035
|
|
|
Thailand—4.4%
|
|
|
|
|
Bangkok Dusit Medical Services PCL
|
14,200
|
49,594
|
|
|
Bumrungrad Hospital PCL
|
16,300
|
43,424
|
|
|
Total Thailand
|
|
93,018
|
|
|
TOTAL COMMON STOCKS
|
|
|
|
|
(Cost: $1,907,783)
|
|
2,119,289
|
|
|
RIGHTS—0.3%
|
|
|
|
|
South Africa—0.3%
|
|
|
|
|
Mediclinic International Ltd.,expiring 10/5/12*
|
|
|
|
|
(Cost: $0)
|
4,709
|
6,991
|
|
|
TOTAL INVESTMENTS IN SECURITIES—100.6%
|
|
|
|
|
(Cost: $1,907,783)
|
|
2,126,280
|
|
|
Liabilities in Excess of Other Assets—(0.6)%
|
|
(12,631
|
)
|
|
Net Assets—100.0%
|
|
$
|
2,113,649
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Biotechnology
|
|
$
|
16,526
|
|
|
|
0.8
|
%
|
|
Health Care Equipment & Supplies
|
|
|
251,400
|
|
|
|
11.9
|
|
|
Health Care Providers & Services
|
|
|
656,196
|
|
|
|
31.1
|
|
|
Life Sciences Tools & Services
|
|
|
89,499
|
|
|
|
4.2
|
|
|
Pharmaceuticals
|
|
|
1,112,659
|
|
|
|
52.6
|
|
|
Total Investments
|
|
|
2,126,280
|
|
|
|
100.6
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(12,631
|
)
|
|
|
(0.6
|
)
|
|
Net Assets
|
|
$
|
2,113,649
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
44 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares India Consumer ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—101.2%
|
|
|
|
Automobiles—17.7%
|
|
|
|
Bajaj Auto, Ltd.
|
2,646
|
$
|
91,809
|
|
Hero Motocorp, Ltd.
|
2,388
|
85,130
|
|
Mahindra & Mahindra, Ltd.
|
6,666
|
109,282
|
|
Tata Motors, Ltd.
|
17,788
|
90,230
|
|
TVS Motor Co., Ltd.
|
17,032
|
13,659
|
|
Total Automobiles
|
|
390,110
|
|
Beverages—13.8%
|
|
|
|
United Breweries, Ltd.
|
10,367
|
128,455
|
|
United Spirits, Ltd.
|
7,628
|
175,873
|
|
Total Beverages
|
|
304,328
|
|
Food Products—18.3%
|
|
|
|
GlaxoSmithKline Consumer Healthcare, Ltd.
|
1,855
|
105,564
|
|
McLeod Russel India, Ltd.
|
6,772
|
41,496
|
|
Nestle India, Ltd.
|
1,116
|
93,138
|
|
Ruchi Soya Industries, Ltd.
|
18,566
|
26,241
|
|
Shree Renuka Sugars, Ltd.
|
50,989
|
34,850
|
|
Tata Global Beverages, Ltd.
|
37,693
|
102,085
|
|
Total Food Products
|
|
403,374
|
|
Hotels, Restaurants & Leisure—7.6%
|
|
|
|
Cox & Kings, Ltd.
|
7,028
|
18,501
|
|
Indian Hotels Co., Ltd.
|
55,741
|
71,123
|
|
Jubilant Foodworks, Ltd.*
|
3,031
|
78,882
|
|
Total Hotels, Restaurants & Leisure
|
|
168,506
|
|
Household Durables—2.6%
|
|
|
|
TTK Prestige, Ltd.
|
307
|
21,713
|
|
Videocon Industries, Ltd.
|
10,874
|
35,346
|
|
Total Household Durables
|
|
57,059
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
Household Products—5.9%
|
|
|
|
|
Hindustan Unilever, Ltd.
|
12,545
|
$
|
129,826
|
|
|
Media—13.3%
|
|
|
|
|
Dish TV India, Ltd.*
|
41,850
|
65,499
|
|
|
Hathway Cable & Datacom, Ltd.*
|
5,618
|
24,125
|
|
|
Sun TV Network, Ltd.
|
15,013
|
99,351
|
|
|
Zee Entertainment Enterprises, Ltd.
|
28,262
|
104,673
|
|
|
Total Media
|
|
293,648
|
|
|
Multiline Retail—1.0%
|
|
|
|
|
Shoppers Stop, Ltd.
|
3,065
|
23,261
|
|
|
Personal Products—5.7%
|
|
|
|
|
Godrej Consumer Products, Ltd.
|
9,888
|
125,407
|
|
|
Textiles, Apparel & Luxury Goods—9.9%
|
|
|
|
|
Arvind, Ltd.
|
14,197
|
21,506
|
|
|
Bata India, Ltd.
|
3,452
|
63,961
|
|
|
Raymond, Ltd.
|
3,761
|
28,041
|
|
|
Titan Industries, Ltd.
|
21,019
|
104,069
|
|
|
Total Textiles, Apparel & Luxury Goods
|
|
217,577
|
|
|
Tobacco—5.4%
|
|
|
|
|
ITC, Ltd.
|
23,233
|
119,986
|
|
|
TOTAL INVESTMENTS IN SECURITIES—101.2%
|
|
|
|
|
(Cost: $1,836,174)
|
|
2,233,082
|
|
|
Liabilities in Excess of Other Assets—(1.2)%
|
|
(25,392
|
)
|
|
Net Assets—100.0%
|
|
$
|
2,207,690
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 45
Schedule of Investments (Consolidated)†
EGShares India Infrastructure ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.7%
|
|
|
|
Automobiles—4.7%
|
|
|
|
Tata Motors, Ltd.
|
551,835
|
$
|
2,799,193
|
|
Construction & Engineering—5.5%
|
|
|
|
IRB Infrastructure Developers, Ltd.
|
115,138
|
331,913
|
|
Larsen & Toubro, Ltd.
|
96,778
|
2,929,853
|
|
Total Construction & Engineering
|
|
3,261,766
|
|
Construction Materials—10.2%
|
|
|
|
ACC, Ltd.
|
109,925
|
3,063,707
|
|
Ambuja Cements, Ltd.
|
788,632
|
3,020,261
|
|
Total Construction Materials
|
|
6,083,968
|
|
Electric Utilities—13.4%
|
|
|
|
Power Grid Corp. of India, Ltd.
|
1,184,394
|
2,705,839
|
|
Reliance Infrastructure, Ltd.
|
223,966
|
2,282,759
|
|
Tata Power Co., Ltd.
|
1,466,151
|
2,972,886
|
|
Total Electric Utilities
|
|
7,961,484
|
|
Electrical Equipment—5.0%
|
|
|
|
Bharat Heavy Electricals, Ltd.
|
638,969
|
2,991,628
|
|
Gas Utilities—5.9%
|
|
|
|
GAIL India, Ltd.
|
407,046
|
2,953,775
|
|
Indraprastha Gas, Ltd.
|
108,414
|
544,177
|
|
Total Gas Utilities
|
|
3,497,952
|
|
Independent Power Producers & Energy Traders—9.9%
|
|
|
Adani Power, Ltd.*
|
548,098
|
550,228
|
|
GMR Infrastructure, Ltd.*
|
1,727,878
|
812,425
|
|
NTPC, Ltd.
|
879,575
|
2,803,234
|
|
Reliance Power, Ltd.*
|
915,905
|
1,705,221
|
|
Total Independent Power Producers & Energy Traders
|
5,871,108
|
|
Industrial Conglomerates—4.8%
|
|
|
|
Jaiprakash Associates, Ltd.
|
1,828,580
|
2,851,468
|
|
Investments
|
Shares
|
Value
|
|
|
|
Machinery—3.2%
|
|
|
|
Ashok Leyland, Ltd.
|
2,615,664
|
$
|
1,195,137
|
|
Pipavav Defence & Offshore Engineering Co., Ltd.*
|
465,526
|
692,398
|
|
Total Machinery
|
|
1,887,535
|
|
Media—1.5%
|
|
|
|
Dish TV India, Ltd.*
|
586,773
|
918,345
|
|
Metals & Mining—13.5%
|
|
|
|
Jindal Steel & Power, Ltd.
|
352,630
|
2,855,738
|
|
Sterlite Industries India, Ltd.
|
1,313,992
|
2,480,006
|
|
Tata Steel, Ltd.
|
356,848
|
2,712,302
|
|
Total Metals & Mining
|
|
8,048,046
|
|
Oil, Gas & Consumable Fuels—1.9%
|
|
|
|
Petronet LNG, Ltd.
|
385,270
|
1,153,728
|
|
Real Estate Management & Development—7.3%
|
|
|
|
DLF, Ltd.
|
585,792
|
2,590,501
|
|
Housing Development & Infrastructure, Ltd.*
|
408,751
|
754,808
|
|
Unitech, Ltd.*
|
2,149,759
|
990,410
|
|
Total Real Estate Management & Development
|
|
4,335,719
|
|
Transportation Infrastructure—2.8%
|
|
|
|
Adani Ports and Special Economic Zone, Ltd.
|
682,855
|
1,650,659
|
|
Wireless Telecommunication Services—10.1%
|
|
|
|
Bharti Airtel, Ltd.
|
541,054
|
2,722,965
|
|
Idea Cellular, Ltd.*
|
1,176,232
|
1,902,220
|
|
Reliance Communications, Ltd.
|
1,096,565
|
1,347,187
|
|
Total Wireless Telecommunication Services
|
|
5,972,372
|
|
TOTAL INVESTMENTS IN SECURITIES—99.7%
|
|
|
|
(Cost: $73,868,745)
|
|
59,284,971
|
|
Other Assets in Excess of Liabilities—0.3%
|
|
166,320
|
|
Net Assets—100.0%
|
|
$
|
59,451,291
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
The accompanying notes are an integral part of these financial statements.
46 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares India Small Cap ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.8%
|
|
|
|
Auto Components—4.9%
|
|
|
|
Amtek Auto, Ltd.
|
122,617
|
$
|
205,853
|
|
Apollo Tyres, Ltd.
|
216,028
|
379,467
|
|
Bharat Forge, Ltd.
|
107,574
|
623,173
|
|
Total Auto Components
|
|
1,208,493
|
|
Automobiles—0.5%
|
|
|
|
TVS Motor Co., Ltd.
|
151,027
|
121,119
|
|
Biotechnology—1.3%
|
|
|
|
Biocon, Ltd.
|
61,522
|
320,528
|
|
Building Products—0.7%
|
|
|
|
Sintex Industries, Ltd.
|
140,306
|
177,161
|
|
Chemicals—6.1%
|
|
|
|
Chambal Fertilizers & Chemicals, Ltd.
|
184,454
|
258,260
|
|
Godrej Industries, Ltd.
|
59,192
|
322,192
|
|
Nagarjuna Fertilizers & Chemicals, Ltd.* +
|
582,385
|
184,945
|
|
Tata Chemicals, Ltd.
|
15,641
|
95,145
|
|
United Phosphorus, Ltd.
|
261,031
|
651,526
|
|
Total Chemicals
|
|
1,512,068
|
|
Commercial Banks—12.0%
|
|
|
|
Allahabad Bank
|
157,484
|
438,161
|
|
Dena Bank, Ltd.
|
109,025
|
219,311
|
|
Development Credit Bank, Ltd.*
|
161,492
|
134,564
|
|
Federal Bank, Ltd.
|
131,423
|
1,113,651
|
|
Oriental Bank of Commerce
|
98,851
|
565,706
|
|
UCO Bank
|
196,925
|
287,108
|
|
Vijaya Bank, Ltd.
|
182,448
|
194,572
|
|
Total Commercial Banks
|
|
2,953,073
|
|
Construction & Engineering—5.2%
|
|
|
|
IRB Infrastructure Developers, Ltd.
|
94,886
|
273,531
|
|
IVRCL, Ltd.*
|
174,114
|
153,334
|
|
Lanco Infratech, Ltd.*
|
533,756
|
152,299
|
|
Praj Industries, Ltd.
|
97,000
|
87,998
|
|
Punj Lloyd, Ltd.
|
169,906
|
175,882
|
|
Voltas, Ltd.
|
181,411
|
429,753
|
|
Total Construction & Engineering
|
|
1,272,797
|
|
Construction Materials—1.1%
|
|
|
|
Century Textiles & Industries, Ltd.
|
40,726
|
277,349
|
|
Diversified Consumer Services—0.5%
|
|
|
|
Educomp Solutions, Ltd.
|
36,837
|
112,198
|
|
Diversified Financial Services—4.9%
|
|
|
|
IFCI, Ltd.
|
584,139
|
343,318
|
|
Indiabulls Financial Services, Ltd.
|
162,567
|
659,422
|
|
L&T Finance Holdings, Ltd.*
|
232,421
|
212,834
|
|
Total Diversified Financial Services
|
|
1,215,574
|
|
Electrical Equipment—4.5%
|
|
|
|
Alstom T&D India, Ltd.
|
48,168
|
195,064
|
|
Crompton Greaves, Ltd.
|
296,104
|
707,910
|
|
Suzlon Energy, Ltd.*
|
654,168
|
220,144
|
|
Total Electrical Equipment
|
|
1,123,118
|
|
Energy Equipment & Services—0.5%
|
|
|
|
Aban Offshore, Ltd.
|
16,175
|
134,258
|
|
Investments
|
Shares
|
Value
|
|
|
|
Food Products—5.9%
|
|
|
|
Bajaj Hindusthan, Ltd.
|
319,330
|
$
|
192,524
|
|
Ruchi Soya Industries, Ltd.
|
129,678
|
183,288
|
|
Shree Renuka Sugars, Ltd.
|
330,242
|
225,713
|
|
Tata Global Beverages, Ltd.
|
317,310
|
859,375
|
|
Total Food Products
|
|
1,460,900
|
|
Gas Utilities—1.7%
|
|
|
|
Gujarat State Petronet, Ltd.
|
274,968
|
420,702
|
|
Health Care Providers & Services—4.2%
|
|
|
|
Apollo Hospitals Enterprise, Ltd.
|
74,136
|
1,027,812
|
|
Hotels, Restaurants & Leisure—2.8%
|
|
|
|
Cox & Kings, Ltd.
|
42,644
|
112,259
|
|
Jubilant Foodworks, Ltd.*
|
22,520
|
586,088
|
|
Total Hotels, Restaurants & Leisure
|
|
698,347
|
|
Household Durables—0.6%
|
|
|
|
TTK Prestige, Ltd.
|
2,033
|
143,786
|
|
Independent Power Producers & Energy Traders—0.7%
|
|
|
|
GVK Power & Infrastructure, Ltd.*
|
574,620
|
159,057
|
|
Industrial Conglomerates—2.2%
|
|
|
|
Max India, Ltd.*
|
127,483
|
542,126
|
|
IT Services—7.2%
|
|
|
|
Core Education & Technologies, Ltd.
|
50,272
|
313,479
|
|
Hexaware Technologies, Ltd.
|
165,408
|
381,964
|
|
Mphasis, Ltd.
|
66,667
|
508,613
|
|
Tech Mahindra, Ltd.
|
30,788
|
567,400
|
|
Total IT Services
|
|
1,771,456
|
|
Machinery—4.5%
|
|
|
|
ABG Shipyard, Ltd.*
|
15,182
|
108,097
|
|
Ashok Leyland, Ltd.
|
957,161
|
437,342
|
|
Escorts, Ltd.
|
106,120
|
128,664
|
|
Pipavav Defence & Offshore Engineering Co., Ltd.*
|
298,820
|
444,448
|
|
Total Machinery
|
|
1,118,551
|
|
Media—1.4%
|
|
|
|
Dish TV India, Ltd.*
|
222,124
|
347,641
|
|
Metals & Mining—3.4%
|
|
|
|
Bhushan Steel, Ltd.
|
49,147
|
464,775
|
|
Orissa Minerals Development Co., Ltd.
|
230
|
197,882
|
|
Welspun Corp., Ltd.
|
93,500
|
179,661
|
|
Total Metals & Mining
|
|
842,318
|
|
Oil, Gas & Consumable Fuels—1.0%
|
|
|
|
Essar Oil, Ltd.*
|
136,013
|
130,610
|
|
Hindustan Oil Exploration Co., Ltd.*
|
55,452
|
122,269
|
|
Total Oil, Gas & Consumable Fuels
|
|
252,879
|
|
Pharmaceuticals—9.4%
|
|
|
|
Aurobindo Pharma, Ltd.
|
102,821
|
276,814
|
|
Glenmark Pharmaceuticals, Ltd.
|
109,522
|
874,079
|
|
Orchid Chemicals & Pharmaceuticals, Ltd.
|
39,950
|
85,096
|
|
Strides Arcolab, Ltd.
|
32,521
|
545,511
|
|
Wockhardt, Ltd.*
|
22,150
|
543,787
|
|
Total Pharmaceuticals
|
|
2,325,287
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 47
Schedule of Investments (Consolidated)†
(concluded)
EGShares India Small Cap ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
Real Estate Management & Development—5.3%
|
|
|
|
Delta Corp., Ltd.
|
101,988
|
$
|
136,706
|
|
Housing Development & Infrastructure, Ltd.*
|
198,069
|
365,758
|
|
Indiabulls Real Estate, Ltd.*
|
224,757
|
245,658
|
|
Parsvnath Developers, Ltd.*
|
105,151
|
79,942
|
|
Unitech, Ltd.*
|
1,067,616
|
491,859
|
|
Total Real Estate Management & Development
|
|
1,319,923
|
|
Software—1.7%
|
|
|
|
Financial Technologies India, Ltd.
|
22,770
|
421,080
|
|
Investments
|
Shares
|
Value
|
|
|
|
Textiles, Apparel & Luxury Goods—5.6%
|
|
|
|
Alok Industries, Ltd.
|
475,912
|
$
|
113,688
|
|
Arvind, Ltd.
|
126,265
|
191,271
|
|
Bata India, Ltd.
|
22,998
|
426,125
|
|
Bombay Dyeing & Manufacturing Co., Ltd.
|
15,198
|
142,039
|
|
Gitanjali Gems, Ltd.
|
32,301
|
213,207
|
|
Raymond, Ltd.
|
28,386
|
211,637
|
|
VIP Industries, Ltd.
|
54,863
|
96,162
|
|
Total Textiles, Apparel & Luxury Goods
|
|
1,394,129
|
|
TOTAL INVESTMENTS IN SECURITIES—99.8%
|
|
|
|
(Cost: $24,681,695)
|
|
24,673,730
|
|
Other Assets in Excess of Liabilities—0.2%
|
|
50,390
|
|
Net Assets—100.0%
|
|
$ 24,724,120
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
|
+
|
Fair valued security. When trading resumes, security is
expected to increase to 640,623 shares.
|
The accompanying notes are an integral part of these financial statements.
48 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Industrials GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.1%
|
|
|
|
Brazil—3.9%
|
|
|
|
Embraer SA ADR
|
4,137
|
$
|
110,127
|
|
China—22.6%
|
|
|
|
Anhui Conch Cement Co., Ltd. Class H
|
33,535
|
104,456
|
|
Beijing Enterprises Holdings, Ltd.
|
12,444
|
82,979
|
|
China Communications Construction Co., Ltd. Class H
|
107,609
|
87,023
|
|
China Merchants Holdings International Co., Ltd.
|
28,093
|
86,599
|
|
China National Building Material Co., Ltd. Class H
|
67,320
|
74,412
|
|
China Railway Construction Corp., Ltd. Class H
|
44,200
|
39,564
|
|
China Railway Group, Ltd. Class H
|
98,725
|
43,166
|
|
Citic Pacific, Ltd.
|
34,014
|
40,844
|
|
Weichai Power Co., Ltd. Class H
|
12,148
|
37,212
|
|
Zoomlion Heavy Industry Science And
|
|
|
|
Technology Co., Ltd. Class H
|
34,547
|
39,256
|
|
Total China
|
|
635,511
|
|
Colombia—3.5%
|
|
|
|
Inversiones Argos SA
|
8,793
|
97,065
|
|
Egypt—3.7%
|
|
|
|
Orascom Construction Industries
|
2,226
|
105,108
|
|
India—18.4%
|
|
|
|
Adani Enterprises, Ltd.
|
3,855
|
14,702
|
|
Ambuja Cements, Ltd.
|
15,661
|
59,978
|
|
Bharat Heavy Electricals, Ltd.
|
14,296
|
66,933
|
|
Larsen & Toubro, Ltd.
|
3,859
|
116,827
|
|
Mahindra & Mahindra, Ltd.
|
8,137
|
133,398
|
|
Tata Motors, Ltd. ADR
|
4,898
|
125,780
|
|
Total India
|
|
517,618
|
|
Indonesia—10.2%
|
|
|
|
Indocement Tunggal Prakarsa Tbk PT
|
45,738
|
97,259
|
|
Semen Gresik Persero Tbk PT
|
75,406
|
113,857
|
|
United Tractors Tbk PT
|
35,760
|
77,349
|
|
Total Indonesia
|
|
288,465
|
|
Malaysia—7.0%
|
|
|
|
Sime Darby Bhd
|
61,800
|
198,148
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
Mexico—14.6%
|
|
|
|
|
Alfa, SAB Class A
|
73,210
|
$
|
136,430
|
|
|
Cemex SAB de CV ADR*
|
27,291
|
227,334
|
|
|
Grupo Carso SAB de CV Series A1
|
13,985
|
47,848
|
|
|
Total Mexico
|
|
411,612
|
|
|
Philippines—2.5%
|
|
|
|
|
Aboitiz Equity Ventures, Inc.
|
60,700
|
71,082
|
|
|
South Africa—10.6%
|
|
|
|
|
Bidvest Group, Ltd.
|
6,907
|
172,442
|
|
|
Imperial Holdings, Ltd.
|
5,522
|
125,489
|
|
|
Total South Africa
|
|
297,931
|
|
|
Thailand—3.1%
|
|
|
|
|
Siam Cement PCL
|
7,600
|
86,173
|
|
|
TOTAL INVESTMENTS IN SECURITIES—100.1%
|
|
|
|
|
(Cost: $2,731,072)
|
|
2,818,840
|
|
|
Liabilities in Excess of Other Assets—(0.1)%
|
|
(2,651
|
)
|
|
Net Assets—100.0%
|
|
$
|
2,816,189
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly-owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Aerospace & Defense
|
|
$
|
110,127
|
|
|
|
3.9
|
%
|
|
Automobiles
|
|
|
259,178
|
|
|
|
9.2
|
|
|
Construction & Engineering
|
|
|
391,688
|
|
|
|
13.9
|
|
|
Construction Materials
|
|
|
860,534
|
|
|
|
30.6
|
|
|
Distributors
|
|
|
125,489
|
|
|
|
4.4
|
|
|
Electrical Equipment
|
|
|
66,933
|
|
|
|
2.4
|
|
|
Industrial Conglomerates
|
|
|
749,773
|
|
|
|
26.6
|
|
|
Machinery
|
|
|
153,817
|
|
|
|
5.5
|
|
|
Trading Companies & Distributors
|
|
|
14,702
|
|
|
|
0.5
|
|
|
Transportation Infrastructure
|
|
|
86,599
|
|
|
|
3.1
|
|
|
Total Investments
|
|
|
2,818,840
|
|
|
|
100.1
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(2,651
|
)
|
|
|
(0.1
|
)
|
|
Net Assets
|
|
$
|
2,816,189
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 49
Schedule of Investments (Consolidated)†
EGShares Low Volatility Emerging Markets Dividend ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.9%
|
|
|
|
Brazil—2.2%
|
|
|
|
Companhia Paranaense de Energia-Copel Preference Shares ADR
|
106,948
|
$
|
1,756,086
|
|
Cayman Islands—2.1%
|
|
|
|
Shenzhou International Group, Ltd.
|
1,001,468
|
1,717,928
|
|
China—7.4%
|
|
|
|
China Petroleum & Chemical Corp. Class H
|
2,041,212
|
1,906,088
|
|
Datang International Power Generation Co., Ltd. Class H
|
5,640,525
|
1,898,787
|
|
Jiangsu Expressway Co., Ltd. Class H
|
2,671,171
|
2,215,281
|
|
Total China
|
|
6,020,156
|
|
Colombia—3.9%
|
|
|
|
Ecopetrol SA ADR
|
54,028
|
3,183,870
|
|
India—11.4%
|
|
|
|
Ashok Leyland, Ltd.
|
5,851,672
|
2,673,719
|
|
Bharat Petroleum Corp., Ltd.
|
320,056
|
2,115,907
|
|
Indiabulls Financial Services, Ltd.
|
1,103,056
|
4,474,335
|
|
Total India
|
|
9,263,961
|
|
Malaysia—9.2%
|
|
|
|
DiGi.Com BHD
|
1,303,900
|
2,252,443
|
|
Kuala Lumpur Kepong BHD
|
266,400
|
1,922,717
|
|
Maxis BHD
|
1,435,100
|
3,249,106
|
|
Total Malaysia
|
|
7,424,266
|
|
Mexico—9.1%
|
|
|
|
Bolsa Mexicana de Valores SAB de CV
|
1,261,201
|
2,613,187
|
|
Grupo Modelo SAB de CV Series C
|
227,224
|
2,048,104
|
|
Kimberly-Clark de Mexico SAB de CV Class A
|
1,146,404
|
2,740,902
|
|
Total Mexico
|
|
7,402,193
|
|
Philippines—2.7%
|
|
|
|
Aboitiz Power Corp.
|
2,673,100
|
2,149,886
|
|
Poland—5.0%
|
|
|
|
Telekomunikacja Polska SA
|
784,434
|
4,028,012
|
|
Russia—2.4%
|
|
|
|
LUKOIL OAO ADR
|
31,727
|
1,954,383
|
|
South Africa—21.6%
|
|
|
|
ABSA Group, Ltd.
|
165,072
|
2,770,823
|
|
Growthpoint Properties Ltd.
|
1,007,845
|
3,037,771
|
|
Lewis Group Ltd.
|
411,240
|
3,564,082
|
|
Redefine Properties Ltd.
|
3,614,303
|
4,095,639
|
|
Vodacom Group, Ltd.
|
325,262
|
4,024,803
|
|
Total South Africa
|
|
17,493,118
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
Thailand—7.6%
|
|
|
|
|
Charoen Pokphand Foods PCL
|
1,867,500
|
$
|
2,032,529
|
|
|
Shin Corp. PCL
|
1,832,684
|
4,078,585
|
|
|
Total Thailand
|
|
6,111,114
|
|
|
Turkey—16.3%
|
|
|
|
|
Arcelik AS
|
397,860
|
2,118,257
|
|
|
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS
|
733,339
|
1,952,194
|
|
|
Eczacibasi Ilac Sinai ve Finansal Yatirimlar
|
|
|
|
|
Sanayi ve Ticaret AS
|
2,420,035
|
2,506,831
|
|
|
Konya Cimento Sanayii AS
|
13,984
|
2,359,742
|
|
|
Turk Traktor ve Ziraat Makineleri AS
|
197,421
|
4,232,963
|
|
|
Total Turkey
|
|
13,169,987
|
|
|
TOTAL INVESTMENTS IN SECURITIES—100.9%
|
|
|
|
|
(Cost: $82,185,188)
|
|
81,674,960
|
|
|
Liabilities in Excess of Other Assets—(0.9)%
|
|
(698,945
|
)
|
|
Net Assets—100.0%
|
|
$
|
80,976,015
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
ADR
|
American Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Auto Components
|
|
$
|
1,952,194
|
|
|
|
2.4
|
%
|
|
Beverages
|
|
|
2,048,104
|
|
|
|
2.5
|
|
|
Commercial Banks
|
|
|
2,770,823
|
|
|
|
3.4
|
|
|
Construction Materials
|
|
|
2,359,742
|
|
|
|
2.9
|
|
|
Diversified Financial Services
|
|
|
7,087,522
|
|
|
|
8.8
|
|
|
Diversified Telecommunication Services
|
|
|
4,028,012
|
|
|
|
5.0
|
|
|
Electric Utilities
|
|
|
1,756,086
|
|
|
|
2.2
|
|
|
Food Products
|
|
|
3,955,246
|
|
|
|
4.9
|
|
|
Household Durables
|
|
|
2,118,257
|
|
|
|
2.6
|
|
|
Household Products
|
|
|
2,740,902
|
|
|
|
3.4
|
|
|
Independent Power Producers & Energy Traders
|
|
|
4,048,673
|
|
|
|
5.0
|
|
|
Machinery
|
|
|
6,906,682
|
|
|
|
8.5
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
9,160,248
|
|
|
|
11.3
|
|
|
Pharmaceuticals
|
|
|
2,506,831
|
|
|
|
3.1
|
|
|
Real Estate Management & Development
|
|
|
7,133,410
|
|
|
|
8.8
|
|
|
Specialty Retail
|
|
|
3,564,082
|
|
|
|
4.4
|
|
|
Textiles, Apparel & Luxury Goods
|
|
|
1,717,928
|
|
|
|
2.1
|
|
|
Transportation Infrastructure
|
|
|
2,215,281
|
|
|
|
2.8
|
|
|
Wireless Telecommunication Services
|
|
|
13,604,937
|
|
|
|
16.8
|
|
|
Total Investments
|
|
|
81,674,960
|
|
|
|
100.9
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(698,945
|
)
|
|
|
(0.9
|
)
|
|
Net Assets
|
|
$
|
80,976,015
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
50 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Technology GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.6%
|
|
|
|
Cayman Islands—1.7%
|
|
|
|
Comba Telecom Systems Holdings, Ltd.
|
90,284
|
$
|
30,276
|
|
Chile—3.1%
|
|
|
|
Sonda SA
|
18,782
|
56,399
|
|
China—43.6%
|
|
|
|
AsiaInfo-Linkage, Inc.*
|
3,255
|
38,116
|
|
Baidu, Inc. ADR*
|
1,609
|
187,963
|
|
China Communications Services Corp., Ltd. Class H
|
103,000
|
59,648
|
|
Lenovo Group, Ltd.
|
114,279
|
94,628
|
|
NetEase.com, Inc. ADR*
|
1,479
|
83,031
|
|
SINA Corp.*
|
1,321
|
85,442
|
|
Sohu.com, Inc.*
|
1,171
|
49,288
|
|
Spreadtrum Communications, Inc. ADR
|
2,409
|
49,529
|
|
TCL Communication Technology Holdings, Ltd.
|
91,005
|
32,983
|
|
Travelsky Technology, Ltd. Class H
|
68,000
|
36,135
|
|
VanceInfo Technologies, Inc. ADR*
|
2,907
|
22,820
|
|
ZTE Corp. Class H
|
29,900
|
47,974
|
|
Total China
|
|
787,557
|
|
India—35.7%
|
|
|
|
Financial Technologies India, Ltd.
|
1,947
|
36,006
|
|
Hexaware Technologies, Ltd.
|
14,800
|
34,176
|
|
Infosys, Ltd. ADR
|
3,350
|
162,609
|
|
Mphasis, Ltd.
|
5,483
|
41,831
|
|
Oracle Financial Services Software, Ltd.*
|
861
|
49,119
|
|
Rolta India, Ltd.
|
16,212
|
22,330
|
|
Satyam Computer Services, Ltd.*
|
28,475
|
59,790
|
|
Tata Consultancy Services, Ltd.
|
4,887
|
120,069
|
|
Tech Mahindra, Ltd.
|
2,198
|
40,507
|
|
Wipro, Ltd. ADR
|
8,649
|
77,409
|
|
Total India
|
|
643,846
|
|
Indonesia—2.3%
|
|
|
|
Tower Bersama Infrastructure Tbk PT*
|
91,000
|
42,315
|
|
Poland—2.7%
|
|
|
|
Asseco Poland SA
|
3,531
|
49,247
|
|
Investments
|
Shares
|
Value
|
|
|
|
|
|
|
|
Russia—3.5%
|
|
|
|
|
Mail.ru Group, Ltd. GDR
|
1,873
|
$
|
62,540
|
|
|
South Africa—3.1%
|
|
|
|
|
DataTec, Ltd.
|
8,853
|
56,490
|
|
|
Thailand—3.1%
|
|
|
|
|
Shin Corp. PCL
|
24,900
|
55,414
|
|
|
Turkey—1.8%
|
|
|
|
|
Aselsan Elektronik Sanayi Ve Ticaret AS
|
9,144
|
33,101
|
|
|
TOTAL INVESTMENTS IN SECURITIES—100.6%
|
|
|
|
|
(Cost: $1,832,064)
|
|
1,817,185
|
|
|
Liabilities in Excess of Other Assets—(0.6)%
|
|
(10,847
|
)
|
|
Net Assets—100.0%
|
|
$
|
1,806,338
|
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
GDR
|
Global Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Aerospace & Defense
|
|
$
|
33,101
|
|
|
|
1.8
|
%
|
|
Communications Equipment
|
|
|
111,233
|
|
|
|
6.2
|
|
|
Computers & Peripherals
|
|
|
94,628
|
|
|
|
5.2
|
|
|
Diversified Telecommunication Services
|
|
|
59,648
|
|
|
|
3.3
|
|
|
Electronic Equipment, Instruments & Components
|
|
|
56,490
|
|
|
|
3.1
|
|
|
Internet Software & Services
|
|
|
468,264
|
|
|
|
25.9
|
|
|
IT Services
|
|
|
651,255
|
|
|
|
36.1
|
|
|
Semiconductors & Semiconductor Equipment
|
|
|
49,529
|
|
|
|
2.8
|
|
|
Software
|
|
|
195,308
|
|
|
|
10.8
|
|
|
Wireless Telecommunication Services
|
|
|
97,729
|
|
|
|
5.4
|
|
|
Total Investments
|
|
|
1,817,185
|
|
|
|
100.6
|
|
|
Liabilities in Excess of Other Assets
|
|
|
(10,847
|
)
|
|
|
(0.6
|
)
|
|
Net Assets
|
|
$
|
1,806,338
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 51
Schedule of Investments (Consolidated)†
EGShares Telecom GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—99.6%
|
|
|
|
Brazil—7.8%
|
|
|
|
Oi SA ADR
|
23,720
|
$
|
95,354
|
|
Telefonica Brasil SA Preference Shares ADR
|
6,403
|
139,201
|
|
Tim Participacoes SA ADR
|
4,572
|
87,874
|
|
Total Brazil
|
|
322,429
|
|
Chile—2.0%
|
|
|
|
Entel Chile SA
|
3,994
|
83,197
|
|
China—16.9%
|
|
|
|
China Mobile, Ltd.
|
36,560
|
405,292
|
|
China Telecom Corp., Ltd. Class H
|
270,673
|
156,401
|
|
China Unicom Hong Kong, Ltd. ADR
|
8,637
|
140,870
|
|
Total China
|
|
702,563
|
|
Czech Republic—1.8%
|
|
|
|
Telefonica Czech Republic SA
|
3,641
|
73,518
|
|
Egypt—1.8%
|
|
|
|
Orascom Telecom Holding SAE*
|
123,076
|
76,509
|
|
India—4.3%
|
|
|
|
Bharti Airtel, Ltd.
|
25,965
|
130,674
|
|
Reliance Communications, Ltd.
|
38,508
|
47,309
|
|
Total India
|
|
177,983
|
|
Indonesia—4.2%
|
|
|
|
Telekomunikasi Indonesia Tbk PT ADR
|
4,513
|
175,691
|
|
Malaysia—12.7%
|
|
|
|
Axiata Group BHD
|
74,700
|
158,858
|
|
DiGi.Com BHD
|
75,800
|
130,942
|
|
Maxis BHD
|
58,800
|
133,125
|
|
Telekom Malaysia BHD
|
50,800
|
102,880
|
|
Total Malaysia
|
|
525,805
|
|
Mexico—10.0%
|
|
|
|
America Movil SAB de CV Series L ADR
|
16,383
|
416,784
|
|
Morocco—1.6%
|
|
|
|
Maroc Telecom
|
5,618
|
67,074
|
|
Philippines—3.2%
|
|
|
|
Philippine Long Distance Telephone Co. ADR
|
2,004
|
132,284
|
|
Investments
|
Shares
|
|
Value
|
|
|
|
|
|
|
Poland—2.5%
|
|
|
|
|
Telekomunikacja Polska SA
|
19,759
|
$
|
101,461
|
|
Russia—9.3%
|
|
|
|
|
Mobile TeleSystems ADR
|
9,463
|
|
165,792
|
|
Rostelecom OJSC ADR
|
5,200
|
|
131,560
|
|
VimpelCom, Ltd. ADR
|
7,615
|
|
90,618
|
|
Total Russia
|
|
|
387,970
|
|
South Africa—10.5%
|
|
|
|
|
MTN Group, Ltd.
|
15,054
|
|
292,299
|
|
Telkom South Africa, Ltd.*
|
18,312
|
|
39,060
|
|
Vodacom Group, Ltd.
|
8,524
|
|
105,476
|
|
Total South Africa
|
|
|
436,835
|
|
Thailand—6.0%
|
|
|
|
|
Advanced Info Service PCL
|
24,000
|
|
166,862
|
|
Total Access Communication PCL
|
27,100
|
|
81,441
|
|
Total Thailand
|
|
|
248,303
|
|
Turkey—5.0%
|
|
|
|
|
Turk Telekomunikasyon AS
|
20,269
|
|
80,823
|
|
Turkcell Iletisim Hizmetleri AS ADR*
|
8,348
|
|
126,389
|
|
Total Turkey
|
|
|
207,212
|
|
TOTAL INVESTMENTS IN SECURITIES—99.6%
|
|
|
|
|
(Cost: $4,044,032)
|
|
|
4,135,618
|
|
Other Assets in Excess of Liabilities—0.4%
|
|
|
17,151
|
|
Net Assets—100.0%
|
|
$
|
4,152,769
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Diversified Telecommunication Services
|
|
$
|
1,172,333
|
|
|
|
28.2
|
%
|
|
Wireless Telecommunication Services
|
|
|
2,963,285
|
|
|
|
71.4
|
|
|
Total Investments
|
|
|
4,135,618
|
|
|
|
99.6
|
|
|
Other Assets in Excess of Liabilities
|
|
|
17,151
|
|
|
|
0.4
|
|
|
Net Assets
|
|
$
|
4,152,769
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
52 EGA Emerging Global Shares Trust
Schedule of Investments (Consolidated)†
EGShares Utilities GEMS ETF
September 30, 2012 (Unaudited)
|
Investments
|
Shares
|
Value
|
|
|
|
COMMON STOCKS—100.0%
|
|
|
|
Brazil—28.1%
|
|
|
|
Centrais Eletricas Brasileiras SA ADR
|
10,270
|
$
|
60,901
|
|
Companhia de Saneamento Basico do
|
|
|
|
Estado de Sao Paulo ADR
|
1,622
|
131,722
|
|
Companhia Energetica de Minas Gerais ADR
|
13,445
|
162,953
|
|
Companhia Paranaense de Energia-Copel
|
|
|
|
Preference Shares ADR
|
3,260
|
53,529
|
|
CPFL Energia SA ADR
|
3,296
|
72,215
|
|
Ultrapar Participacoes SA ADR
|
11,074
|
247,061
|
|
Total Brazil
|
|
728,381
|
|
Chile—12.5%
|
|
|
|
Colbun SA*
|
228,749
|
64,482
|
|
Empresa Nacional de Electricidad SA ADR
|
3,055
|
146,518
|
|
Enersis SA ADR
|
6,877
|
112,714
|
|
Total Chile
|
|
323,714
|
|
China—8.0%
|
|
|
|
China Resources Power Holdings Co., Ltd.
|
47,420
|
103,852
|
|
Datang International Power Generation Co., Ltd. Class H
|
96,300
|
32,418
|
|
Huaneng Power International, Inc. ADR
|
2,410
|
72,131
|
|
Total China
|
|
208,401
|
|
Colombia—2.2%
|
|
|
|
Interconexion Electrica SA ESP
|
10,492
|
55,463
|
|
Czech Republic—6.5%
|
|
|
|
CEZ AS
|
4,538
|
169,104
|
|
Hong Kong—2.3%
|
|
|
|
Guangdong Investment, Ltd.
|
75,764
|
59,902
|
|
India—13.4%
|
|
|
|
NTPC, Ltd.
|
35,694
|
113,758
|
|
Petronet LNG, Ltd.
|
6,651
|
19,917
|
|
Power Grid Corp. of India, Ltd.
|
34,353
|
78,482
|
|
Reliance Infrastructure, Ltd.
|
4,365
|
44,490
|
|
Rural Electrification Corp., Ltd.
|
9,646
|
39,914
|
|
Tata Power Co., Ltd.
|
25,089
|
50,873
|
|
Total India
|
|
347,434
|
|
Indonesia—4.8%
|
|
|
|
Perusahaan Gas Negara PT
|
289,200
|
124,655
|
|
Malaysia—8.9%
|
|
|
|
Tenaga Nasional BHD
|
62,900
|
140,350
|
|
YTL Corp. BHD
|
109,040
|
61,360
|
|
YTL Power International BHD
|
52,400
|
28,459
|
|
Total Malaysia
|
|
230,169
|
|
Investments
|
Shares
|
Value
|
|
|
|
Philippines—3.6%
|
|
|
|
Aboitiz Power Corp.
|
59,400
|
$
|
47,773
|
|
Manila Electric Co.
|
7,600
|
46,458
|
|
Total Philippines
|
|
94,231
|
|
Poland—6.5%
|
|
|
|
PGE SA
|
20,465
|
118,182
|
|
Tauron Polska Energia SA
|
32,995
|
50,468
|
|
Total Poland
|
|
168,650
|
|
Russia—3.2%
|
|
|
|
Federal Hydrogenerating Co. JSC ADR
|
31,257
|
83,144
|
|
TOTAL COMMON STOCKS
|
|
|
|
(Cost: $2,644,865)
|
|
2,593,248
|
|
RIGHTS—0.0%
|
|
|
|
Malaysia—0.0%
|
|
|
|
YTL Corp. BHD Class R, expiring 10/17/12* (Cost: $0)
|
7,269
|
—
|
|
TOTAL INVESTMENTS IN SECURITIES—100.0%
|
|
|
|
(Cost: $2,644,865)
|
|
2,593,248
|
|
Other Assets in Excess of Liabilities—0.0%**
|
|
261
|
|
Net Assets—100.0%
|
|
$
|
2,593,509
|
|
|
†
|
The Consolidated Schedule of Investments includes the
accounts of the wholly owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidation. See
Note 2 of the Notes to Financial Statements.
|
|
|
*
|
Non-income producing security
|
|
ADR
|
American Depositary Receipts
|
|
|
|
|
|
% of
|
|
Summary by Industry
|
|
Value
|
|
Net Assets
|
|
Diversified Financial Services
|
|
$
|
39,914
|
|
|
|
1.5
|
%
|
|
Electric Utilities
|
|
|
1,299,326
|
|
|
|
50.1
|
|
|
Gas Utilities
|
|
|
124,655
|
|
|
|
4.8
|
|
|
Independent Power Producers & Energy Traders
|
|
|
580,932
|
|
|
|
22.4
|
|
|
Multi-Utilities
|
|
|
89,819
|
|
|
|
3.5
|
|
|
Oil, Gas & Consumable Fuels
|
|
|
266,978
|
|
|
|
10.3
|
|
|
Water Utilities
|
|
|
191,624
|
|
|
|
7.4
|
|
|
Total Investments
|
|
|
2,593,248
|
|
|
|
100.0
|
|
|
Other Assets in Excess of Liabilities
|
|
|
261
|
|
|
|
0.0
|
**
|
|
Net Assets
|
|
$
|
2,593,509
|
|
|
|
100.0
|
%
|
The accompanying notes are an integral part of these financial statements.
EGA Emerging Global Shares Trust 53
Statements of Assets and Liabilities
EGA Emerging Global Shares Trust
September 30, 2012 (Unaudited)
|
|
EGShares
Basic Materials
GEMS ETF
(Consolidated)
|
EGShares
Beyond
BRICs ETF
|
EGShares
Brazil
Infrastructure ETF
|
EGShares
China
Infrastructure ETF
|
EGShares
Consumer Goods
GEMS ETF
(Consolidated)
|
|
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Investments:
|
$
|
3,258,619
|
|
$
|
7,039,850
|
|
$
|
67,913,423
|
|
$
|
13,396,369
|
|
$
|
2,070,755
|
|
|
Investments at value
|
|
2,838,689
|
|
|
7,168,837
|
|
|
69,587,177
|
|
|
10,466,463
|
|
|
2,237,966
|
|
|
Cash
|
|
19,925
|
|
|
16,681
|
|
|
458,352
|
|
|
41,809
|
|
|
9,965
|
|
|
Foreign cash*
|
|
184
|
|
|
1,267
|
|
|
106,247
|
|
|
—
|
|
|
1,007
|
|
|
Receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and interest
|
|
9,412
|
|
|
3,930
|
|
|
262,909
|
|
|
1,982
|
|
|
1,435
|
|
|
Due from sub-adviser
|
|
9,505
|
|
|
4,237
|
|
|
—
|
|
|
6,994
|
|
|
11,716
|
|
|
Due from advisor
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,337
|
|
|
—
|
|
|
Investment securities sold
|
|
11,999
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Prepaid offering expenses
|
|
3,456
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,956
|
|
|
Prepaid expense and other assets
|
|
3,947
|
|
|
7,322
|
|
|
1,274
|
|
|
1,407
|
|
|
6,411
|
|
|
Total Assets
|
|
2,897,117
|
|
|
7,202,274
|
|
|
70,415,959
|
|
|
10,519,992
|
|
|
2,272,456
|
|
|
|
|
LIABILITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued investment advisory fees
|
|
227
|
|
|
663
|
|
|
5,893
|
|
|
—
|
|
|
1,768
|
|
|
Accrued sub-advisory fees
|
|
—
|
|
|
—
|
|
|
15,676
|
|
|
—
|
|
|
—
|
|
|
Accrued trustee fees
|
|
9
|
|
|
28
|
|
|
1,373
|
|
|
187
|
|
|
3
|
|
|
Due to custodian
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Foreign currency payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Income payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities purchased
|
|
16,124
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Accrued expenses and other liabilities
|
|
34,735
|
|
|
5,683
|
|
|
84,235
|
|
|
41,855
|
|
|
39,825
|
|
|
Total Liabilities
|
|
51,095
|
|
|
6,374
|
|
|
107,177
|
|
|
42,042
|
|
|
41,596
|
|
|
NET ASSETS
|
$
|
2,846,022
|
|
$
|
7,195,900
|
|
$
|
70,308,782
|
|
$
|
10,477,950
|
|
$
|
2,230,860
|
|
|
|
|
NET ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in capital
|
$
|
3,348,942
|
|
$
|
7,050,561
|
|
$
|
77,603,041
|
|
$
|
15,663,355
|
|
$
|
2,066,552
|
|
|
Undistributed (accumulated) net investment income (loss)
|
|
54,785
|
|
|
16,456
|
|
|
2,079,478
|
|
|
182,206
|
|
|
16,947
|
|
|
Accumulated net realized loss on investments and foreign currency transactions
|
|
(138,359
|
)
|
|
(118
|
)
|
|
(11,035,897
|
)
|
|
(2,437,705
|
)
|
|
(19,903
|
)
|
|
Net unrealized
appreciation (depreciation) on investments and on foreign currency translations
|
|
(419,346
|
)
|
|
129,001
|
|
|
1,662,160
|
|
|
(2,929,906
|
)
|
|
167,264
|
|
|
NET ASSETS
|
$
|
2,846,022
|
|
$
|
7,195,900
|
|
$
|
70,308,782
|
|
$
|
10,477,950
|
|
$
|
2,230,860
|
|
|
Outstanding beneficial
interest shares (unlimited shares of beneficial interest authorized, no par value)
|
|
200,000
|
|
|
350,000
|
|
|
3,350,000
|
|
|
650,000
|
|
|
100,000
|
|
|
Net asset value per share
|
$
|
14.23
|
|
$
|
20.56
|
|
$
|
20.99
|
|
$
|
16.12
|
|
$
|
22.31
|
|
|
|
|
* Cost of foreign cash:
|
$
|
77
|
|
$
|
1,272
|
|
$
|
111,993
|
|
$
|
1,983
|
|
$
|
968
|
|
|
|
EGShares
Consumer
Services
GEMS ETF
|
EGShares
Emerging Markets
Consumer ETF
(Consolidated)
|
EGShares
Emerging Markets
Domestic Demand ETF
(Consolidated)
|
EGShares
Emerging Markets
Metals & Mining ETF
(Consolidated)
|
EGShares
Energy
GEMS ETF
(Consolidated)
|
EGShares
Financials
GEMS ETF
(Consolidated)
|
|
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Investments:
|
$
|
2,003,822
|
|
$
|
418,982,105
|
|
$
|
4,993,926
|
|
$
|
17,360,386
|
|
$
|
13,405,515
|
|
$
|
4,388,284
|
|
|
Investments at value
|
|
2,051,122
|
|
|
450,055,887
|
|
|
5,119,491
|
|
|
12,598,685
|
|
|
11,914,808
|
|
|
3,921,179
|
|
|
Cash
|
|
88,069
|
|
|
7,567,348
|
|
|
7,164
|
|
|
206,052
|
|
|
82,794
|
|
|
10,176
|
|
|
Foreign cash*
|
|
309
|
|
|
259,631
|
|
|
667
|
|
|
2,420
|
|
|
10,687
|
|
|
5,572
|
|
|
Receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and interest
|
|
1,001
|
|
|
290,225
|
|
|
2,683
|
|
|
42,381
|
|
|
24,494
|
|
|
2,880
|
|
|
Due from sub-adviser
|
|
3,354
|
|
|
—
|
|
|
6,666
|
|
|
13,736
|
|
|
15,364
|
|
|
21,332
|
|
|
Due from advisor
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities sold
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Prepaid offering expenses
|
|
31
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Prepaid expense and other assets
|
|
1,563
|
|
|
32,319
|
|
|
7,322
|
|
|
1,672
|
|
|
1,293
|
|
|
1,274
|
|
|
Total Assets
|
|
2,145,449
|
|
|
458,205,410
|
|
|
5,143,993
|
|
|
12,864,946
|
|
|
12,049,440
|
|
|
3,962,413
|
|
|
|
|
LIABILITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued investment advisory fees
|
|
1,511
|
|
|
36,227
|
|
|
663
|
|
|
1,020
|
|
|
965
|
|
|
317
|
|
|
Accrued sub-advisory fees
|
|
—
|
|
|
152,789
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Accrued trustee fees
|
|
4
|
|
|
5,257
|
|
|
28
|
|
|
214
|
|
|
147
|
|
|
56
|
|
|
Due to custodian
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Foreign currency payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Income payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities purchased
|
|
95,378
|
|
|
7,306,896
|
|
|
—
|
|
|
150,758
|
|
|
43,496
|
|
|
—
|
|
|
Accrued expenses and other liabilities
|
|
35,231
|
|
|
258,871
|
|
|
8,600
|
|
|
49,852
|
|
|
50,559
|
|
|
43,095
|
|
|
Total Liabilities
|
|
132,124
|
|
|
7,760,040
|
|
|
9,291
|
|
|
201,844
|
|
|
95,167
|
|
|
43,468
|
|
|
NET ASSETS
|
$
|
2,013,325
|
|
$
|
450,445,370
|
|
$
|
5,134,702
|
|
$
|
12,663,102
|
|
$
|
11,954,273
|
|
$
|
3,918,945
|
|
|
|
|
NET ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in capital
|
$
|
2,001,145
|
|
$
|
422,190,500
|
|
$
|
4,999,879
|
|
$
|
19,027,493
|
|
$
|
14,539,009
|
|
$
|
4,543,409
|
|
|
Undistributed (accumulated) net investment income
(loss)
|
|
6,462
|
|
|
2,331,784
|
|
|
11,547
|
|
|
240,171
|
|
|
157,699
|
|
|
51,257
|
|
|
Accumulated net realized loss on investments and foreign
currency transactions
|
|
(41,985
|
)
|
|
(5,200,800
|
)
|
|
(2,308
|
)
|
|
(1,846,103
|
)
|
|
(1,252,092
|
)
|
|
(208,567
|
)
|
|
Net unrealized
appreciation (depreciation) on investments and on foreign currency translations
|
|
47,703
|
|
|
31,123,886
|
|
|
125,584
|
|
|
(4,758,459
|
)
|
|
(1,490,343
|
)
|
|
(467,154
|
)
|
|
NET ASSETS
|
$
|
2,013,325
|
|
$
|
450,445,370
|
|
$
|
5,134,702
|
|
$
|
12,663,102
|
|
$
|
11,954,273
|
|
$
|
3,918,945
|
|
|
Outstanding beneficial
interest shares (unlimited shares of beneficial interest authorized, no par value)
|
|
100,000
|
|
|
18,450,000
|
|
|
250,000
|
|
|
900,000
|
|
|
500,000
|
|
|
200,000
|
|
|
Net asset value per share
|
$
|
20.13
|
|
$
|
24.41
|
|
$
|
20.54
|
|
$
|
14.07
|
|
$
|
23.91
|
|
$
|
19.59
|
|
|
|
|
* Cost of foreign cash:
|
$
|
8
|
|
$
|
252,252
|
|
$
|
649
|
|
$
|
2,067
|
|
$
|
10,475
|
|
$
|
5,634
|
|
The accompanying notes are an integral part of these financial statements.
54 and 55 EGA Emerging Global Shares Trust
Statements of Assets and Liabilities
(concluded)
EGA Emerging Global Shares Trust
September 30, 2012 (Unaudited)
|
|
EGShares
GEMS
Composite ETF
(Consolidated)
|
EGShares
Health Care
GEMS ETF
(Consolidated)
|
EGShares
India
Consumer ETF
(Consolidated)
|
EGShares
India
Infrastructure ETF
(Consolidated)
|
|
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Investments:
|
$
|
14,633,129
|
|
$
|
1,907,783
|
|
$
|
1,836,174
|
|
$
|
73,868,745
|
|
|
Investments at value
|
|
13,394,819
|
|
|
2,126,280
|
|
|
2,233,082
|
|
|
59,284,971
|
|
|
Cash
|
|
91,111
|
|
|
88,365
|
|
|
10,899
|
|
|
116,181
|
|
|
Foreign cash*
|
|
10,698
|
|
|
856
|
|
|
33
|
|
|
46,096
|
|
|
Receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and interest
|
|
25,072
|
|
|
—
|
|
|
1,228
|
|
|
103,862
|
|
|
Due from sub-adviser
|
|
25,342
|
|
|
7,811
|
|
|
5,774
|
|
|
—
|
|
|
Due from advisor
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities sold
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Prepaid offering expenses
|
|
—
|
|
|
3,706
|
|
|
—
|
|
|
—
|
|
|
Prepaid expense and other assets
|
|
2,449
|
|
|
4,175
|
|
|
1,283
|
|
|
8,051
|
|
|
Total Assets
|
|
13,549,491
|
|
|
2,231,193
|
|
|
2,252,299
|
|
|
59,559,161
|
|
|
|
|
LIABILITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued investment advisory fees
|
|
1,092
|
|
|
169
|
|
|
—
|
|
|
4,420
|
|
|
Accrued sub-advisory fees
|
|
—
|
|
|
—
|
|
|
—
|
|
|
27,691
|
|
|
Accrued trustee fees
|
|
196
|
|
|
25
|
|
|
35
|
|
|
875
|
|
|
Due to custodian
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Foreign currency payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Income payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities purchased
|
|
43,157
|
|
|
81,555
|
|
|
—
|
|
|
—
|
|
|
Accrued expenses and other liabilities
|
|
53,849
|
|
|
35,795
|
|
|
44,574
|
|
|
74,884
|
|
|
Total Liabilities
|
|
98,294
|
|
|
117,544
|
|
|
44,609
|
|
|
107,870
|
|
|
NET ASSETS
|
$
|
13,451,197
|
|
$
|
2,113,649
|
|
$
|
2,207,690
|
|
$
|
59,451,291
|
|
|
|
|
NET ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in capital
|
$
|
16,095,612
|
|
$
|
1,934,573
|
|
$
|
1,837,345
|
|
$
|
87,185,917
|
|
|
Undistributed (accumulated) net investment income (loss)
|
|
196,175
|
|
|
8,699
|
|
|
8,868
|
|
|
384,405
|
|
|
Accumulated net realized loss on investments and foreign
currency transactions
|
|
(1,601,837
|
)
|
|
(48,606
|
)
|
|
(35,472
|
)
|
|
(13,540,950
|
)
|
|
Net unrealized appreciation
(depreciation) on investments and on foreign currency translations
|
|
(1,238,753
|
)
|
|
218,983
|
|
|
396,949
|
|
|
(14,578,081
|
)
|
|
NET ASSETS
|
$
|
13,451,197
|
|
$
|
2,113,649
|
|
$
|
2,207,690
|
|
$
|
59,451,291
|
|
|
Outstanding beneficial
interest shares (unlimited shares of beneficial interest authorized, no par value)
|
|
600,000
|
|
|
100,000
|
|
|
100,000
|
|
|
4,050,000
|
|
|
Net asset value per share
|
$
|
22.42
|
|
$
|
21.14
|
|
$
|
22.08
|
|
$
|
14.68
|
|
|
|
|
* Cost of foreign cash:
|
$
|
10,674
|
|
$
|
830
|
|
$
|
30
|
|
$
|
45,435
|
|
|
|
EGShares
India
Small Cap ETF
(Consolidated)
|
EGShares
Industrials
GEMS ETF
(Consolidated)
|
EGShares
Low Volatility Emerging
Markets Dividend ETF
(Consolidated)
|
EGShares
Technology
GEMS ETF
(Consolidated)
|
EGShares
Telecom
GEMS ETF
(Consolidated)
|
EGShares
Utilities
GEMS ETF
(Consolidated)
|
|
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Investments:
|
$
|
24,681,695
|
|
$
|
2,731,072
|
|
$
|
82,185,188
|
|
$
|
1,832,064
|
|
$
|
4,044,032
|
|
$
|
2,644,865
|
|
|
Investments at value
|
|
24,673,730
|
|
|
2,818,840
|
|
|
81,674,960
|
|
|
1,817,185
|
|
|
4,135,618
|
|
|
2,593,248
|
|
|
Cash
|
|
72,397
|
|
|
11,220
|
|
|
—
|
|
|
8,734
|
|
|
7,424
|
|
|
12,312
|
|
|
Foreign cash*
|
|
43,099
|
|
|
285
|
|
|
987
|
|
|
586
|
|
|
12,479
|
|
|
11,136
|
|
|
Receivables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and interest
|
|
13,864
|
|
|
4,759
|
|
|
310,664
|
|
|
90
|
|
|
16,171
|
|
|
8,856
|
|
|
Due from sub-adviser
|
|
—
|
|
|
10,037
|
|
|
—
|
|
|
20,859
|
|
|
8,974
|
|
|
8,582
|
|
|
Due from advisor
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities sold
|
|
—
|
|
|
—
|
|
|
12,654
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Prepaid offering expenses
|
|
—
|
|
|
3,706
|
|
|
2,667
|
|
|
3,706
|
|
|
3,706
|
|
|
3,706
|
|
|
Prepaid expense and other assets
|
|
10,466
|
|
|
4,255
|
|
|
5,651
|
|
|
4,172
|
|
|
4,882
|
|
|
4,329
|
|
|
Total Assets
|
|
24,813,556
|
|
|
2,853,102
|
|
|
82,007,583
|
|
|
1,855,332
|
|
|
4,189,254
|
|
|
2,642,169
|
|
|
|
|
LIABILITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued investment advisory fees
|
|
3,446
|
|
|
220
|
|
|
4,587
|
|
|
8,829
|
|
|
541
|
|
|
659
|
|
|
Accrued sub-advisory fees
|
|
25,923
|
|
|
—
|
|
|
27,572
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Accrued trustee fees
|
|
394
|
|
|
15
|
|
|
665
|
|
|
29
|
|
|
30
|
|
|
39
|
|
|
Due to custodian
|
|
—
|
|
|
—
|
|
|
107,588
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Foreign currency payable
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
11,069
|
|
|
Income payable
|
|
—
|
|
|
—
|
|
|
834,028
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Investment securities purchased
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Accrued expenses and other liabilities
|
|
59,673
|
|
|
36,678
|
|
|
57,128
|
|
|
40,136
|
|
|
35,914
|
|
|
36,893
|
|
|
Total Liabilities
|
|
89,436
|
|
|
36,913
|
|
|
1,031,568
|
|
|
48,994
|
|
|
36,485
|
|
|
48,660
|
|
|
NET ASSETS
|
$
|
24,724,120
|
|
$
|
2,816,189
|
|
$
|
80,976,015
|
|
$
|
1,806,338
|
|
$
|
4,152,769
|
|
$
|
2,593,509
|
|
|
|
|
NET ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in capital
|
$
|
38,105,717
|
|
$
|
2,937,491
|
|
$
|
84,253,314
|
|
$
|
1,945,451
|
|
$
|
3,990,242
|
|
$
|
2,700,563
|
|
|
Undistributed (accumulated) net investment income (loss)
|
|
107,153
|
|
|
20,080
|
|
|
(6,716
|
)
|
|
14,831
|
|
|
116,127
|
|
|
58,078
|
|
|
Accumulated net realized loss on investments and foreign currency transactions
|
|
(13,483,150
|
)
|
|
(229,217
|
)
|
|
(2,760,181
|
)
|
|
(139,100
|
)
|
|
(45,221
|
)
|
|
(113,591
|
)
|
|
Net unrealized
appreciation (depreciation) on investments and on foreign currency translations
|
|
(5,600
|
)
|
|
87,835
|
|
|
(510,402
|
)
|
|
(14,844
|
)
|
|
91,621
|
|
|
(51,541
|
)
|
|
NET ASSETS
|