UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number                         811-22255

EGA Emerging Global Shares Trust

(Exact name of registrant as specified in charter)

171 East Ridgewood Avenue
Ridgewood, NJ	07450
(Address of principal executive offices)	(Zip code)

Robert C. Holderith
171 East Ridgewood Avenue
Ridgewood, NJ 07450

(Name and address of agent for service)

Registrant's telephone number, including area code: 1-201-389-6872

Date of fiscal year end:	March 31
Date of reporting period:	December 31, 2010

     Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

     A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q 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 the 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. Schedule of Investments.

Schedule of Investments

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
TITANS COMPOSITE INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 89.4%
Brazil - 11.7%
BRF - Brasil Foods SA ADR*	13,200	$	222,816
Centrais Eletricas Brasileiras SA ADR*	8,541		117,439
Companhia Siderurgica Nacional SA ADR	15,280		254,717
Petroleo Brasileiro SA ADR	31,560		1,194,230
Ultrapar Participacoes SA ADR	2,180		140,872
Usinas Siderurgicas de Minas Gerais SA ADR*	10,900		131,345
Vale SA ADR*	36,654		1,267,129
VIVO Participacoes SA ADR	3,800		123,842
Total Brazil			3,452,390
Chile - 3.2%
Cencosud SA	31,494		247,625
Empresa Nacional de Electricidad SA ADR	2,386		134,117
Empresas Copec SA	10,158		197,312
Enersis SA ADR	5,385		125,040
S.A.C.I. Falabella	20,997		235,918
Total Chile			940,012
China - 20.0%
Baidu, Inc. ADR*	3,226		311,406
Bank of China, Ltd. Class H	1,314,623		693,362
BYD Co. Ltd. Class H	12,300		64,636
China Communications Construction Co., Ltd. Class H	88,000		76,978
China Construction Bank Corp. Class H	1,115,350		1,000,044
China Life Insurance Co., Ltd. Class H	144,500		590,183
China Petroleum & Chemical Corp. Class H	436,280		417,554
China Shenhua Energy Co., Ltd. Class H	70,770		296,785
China Telecom Corp., Ltd. Class H	286,000		149,739
Ctrip.com International, Ltd. ADR*	2,611		105,615
Dongfeng Motor Group Co., Ltd. Class H	46,000		79,293
Industrial and Commercial Bank of China, Ltd. Class H	1,628,680		1,213,080
Mindray Medical International, Ltd. ADR	1,981		52,298
NetEase.com, Inc. ADR*	1,188		42,946
PetroChina Co., Ltd. Class H	440,000		575,071
Shandong Weigao Group Medical
Polymer Co., Ltd. Class H	15,800		44,817
Sina Corp.*	1,691		116,375
Sohu.com, Inc.*	756		47,998
Total China			5,878,180
Czech Republic - 0.5%
CEZ AS	3,149		131,838
Egypt - 0.3%
Orascom Construction Industries	1,682		83,190
Hong Kong - 0.2%
Lenovo Group, Ltd.	99,700		63,870
Hungary - 0.2%
Richter Gedeon Nyrt.	275		56,396
India - 13.9%
Dr. Reddys Laboratories, Ltd. ADR	2,587		95,616
ICICI Bank, Ltd. ADR	8,309		420,768
Infosys Technologies, Ltd. ADR	16,412		1,248,625
Larsen & Toubro, Ltd. GDR	15,101		669,125
Ranbaxy Laboratories, Ltd. GDR*	3,367		45,589
Reliance Industries, Ltd. GDR 144A	27,825		1,322,244
Tata Motors Ltd. ADR	6,372		186,954
Wipro, Ltd. ADR	6,061		93,764
Total India			4,082,685

Indonesia - 2.0%
Astra International Tbk PT	44,000	266,393
Perusahaan Gas Negara PT	251,000	123,272
Telekomunikasi Indonesia Tbk PT	230,000	202,941
Total Indonesia		592,606
Malaysia - 2.1%
Genting Berhad	46,100	167,147
IOI Corp. Berhad	121,593	229,108
Sime Darby Berhad	45,800	130,709
Tenaga Nasional Berhad	35,600	96,634
Total Malaysia		623,598
Mexico - 8.5%
America Movil SAB de CV Series L	427,261	1,226,288
Cemex SAB de CV Series CPO*	197,790	211,357
Fomento Economico Mexicano SAB de CV Series UB	46,800	262,003
Grupo Bimbo SAB de CV Series A	13,000	111,144
Grupo Televisa SA Series CPO*	59,300	306,260
Wal-Mart de Mexico SAB de CV Series V	132,500	379,108
Total Mexico		2,496,160
Netherlands - 0.3%
Vimpelcom, Ltd. ADR	6,499	97,745
Philippines - 0.3%
Philippine Long Distance Telephone Co.	1,700	99,105
Poland - 0.1%
Asseco Poland SA	1,427	25,630
Russia - 14.8%
Gazprom OAO ADR	72,948	1,841,937
LUKOIL OAO ADR	9,706	548,389
Magnit OJSC GDR	6,401	187,549
Mining and Metallurgical Company Norilsk Nickel JSC ADR	20,329	481,187
Mobile TeleSystems ADR	9,075	189,395
Rosneft Oil Co. GDR	32,003	229,142
Surgutneftegas ADR	83,473	884,814
Total Russia		4,362,413
South Africa - 11.3%
AngloGold Ashanti, Ltd.	7,212	356,362
Aspen Pharmacare Holdings, Ltd.*	6,535	90,887
Bidvest Group, Ltd.	8,121	192,415
Gold Fields, Ltd.	14,209	259,019
Impala Platinum Holdings, Ltd.	14,656	516,081
MTN Group, Ltd.	21,910	445,171
Naspers, Ltd. N Shares	5,665	332,198
Netcare, Ltd.*	25,300	58,855
Sasol, Ltd.	9,282	485,836
Shoprite Holdings, Ltd.	6,401	96,415
Standard Bank Group, Ltd.	24,630	400,402
Tiger Brands, Ltd.*	2,952	86,399
Total South Africa		3,320,040
TOTAL COMMON STOCKS
(Cost: $24,076,466)		26,305,858

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
TITANS COMPOSITE INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
PREFERRED STOCKS - 12.5%
Brazil - 12.5%
Banco Bradesco SA ADR	42,414	$	860,580
Companhia Brasileira de Distribuicao Grupo
PAO de Acucar ADR	2,637		110,701
Comphania de Bebidas DAS Americas ADR*	16,247		504,144
Companhia Energetica de Minas Gerais ADR	8,220		136,370
Gerdau SA ADR	13,110		183,409
Itau Unibanco Holding SA ADR	72,981		1,752,274
Tele Norte Leste Participacoes SA ADR*	8,381		123,201
TOTAL PREFERRED STOCKS
(Cost: $3,311,821)			3,670,679
TOTAL INVESTMENTS IN SECURITIES - 101.9%
(Cost: $27,388,287)			29,976,537
Liabilities in Excess of Other Assets - (1.9)%			(546,627	)
Net Assets- 100.0%		$	29,429,910

*	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.

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
METALS & MINING TITANS INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 96.5%
Brazil - 16.8%
Companhia Siderurgica Nacional SA ADR	95,879	$	1,598,303
Usinas Siderurgicas de Minas Gerais SA ADR*	63,403		764,006
Vale SA ADR*	89,498		3,093,946
Total Brazil			5,456,255
China - 18.8%
Aluminum Corp. of China, Ltd. Class H*	652,564		595,175
Angang Steel Co., Ltd. Class H	245,242		375,420
China Coal Energy Co. Class H	652,267		1,018,636
China Shenhua Energy Co., Ltd. Class H	379,519		1,591,571
Jiangxi Copper Co., Ltd. Class H	278,641		915,822
Yanzhou Coal Mining Co., Ltd. Class H	356,720		1,089,848
Zijin Mining Group Co., Ltd. Class H	540,600		501,402
Total China			6,087,874
India - 6.2%
Sterlite Industries India, Ltd. ADR	120,930		2,000,182
Indonesia - 4.2%
Bumi Resources Tbk PT	4,101,590		1,377,060
Mexico - 5.9%
Grupo Mexico SAB de CV Series B	460,125		1,896,607
Poland - 3.5%
KGHM Polska Miedz SA	19,312		1,130,828
Russia - 18.3%
Mining and Metallurgical Company Norilsk Nickel JSC ADR	122,268		2,894,084
Novolipetsk Steel GDR	20,609		983,049
Polyus Gold ADR	37,179		1,347,739
Severstal GDR	42,231		711,592
Total Russia			5,936,464
South Africa - 21.6%
Anglo Platinum Ltd.*	10,237		1,074,075
AngloGold Ashanti, Ltd.	38,482		1,901,487
Gold Fields, Ltd.	80,652		1,470,224
Impala Platinum Holdings, Ltd.	72,529		2,553,959
Total South Africa			6,999,745
Turkey - 1.2%
Eregli Demir ve Celik Fabrikalari TAS*	117,508		389,403
TOTAL COMMON STOCKS
(Cost: $25,046,616)			31,274,418
PREFERRED STOCK - 4.4%
Brazil - 4.4%
Gerdau SA ADR
(Cost: $1,397,853)	101,338		1,417,719
TOTAL INVESTMENTS IN SECURITIES - 100.9%
(Cost: $26,444,469)			32,692,137
Liabilities in Excess of Other Assets - (0.9)%			(294,158	)
Net Assets- 100.0%		$	32,397,979

*	Non-income producing security
ADR	American Depositary Receipts
GDR	Global Depositary Receipts

See notes to schedule of investments.

Schedule of Investments (Consolidated)^†

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
CONSUMER TITANS INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 88.0%
Brazil - 4.6%
BRF - Brasil Foods SA ADR*	440,208	$	7,430,711
Chile - 10.6%
Cencosud SA	920,000		7,233,585
Lan Airlines SA ADR	91,526		2,817,170
S.A.C.I. Falabella	620,000		6,966,206
Total Chile			17,016,961
China - 5.6%
Ctrip.com International Ltd. ADR*	88,026		3,560,652
Dongfeng Motor Group Co., Ltd. Class H	1,941,496		3,346,696
New Oriental Education & Technology Group ADR*	19,816		2,085,238
Total China			8,992,586
Colombia - 1.2%
Grupo Nacional de Chocolates SA	140,000		1,976,041
India - 12.0%
Bajaj Auto, Ltd.	100,142		3,451,165
Hero Honda Motors, Ltd.	61,199		2,721,073
Hindustan Unilever, Ltd.	687,261		4,809,213
ITC, Ltd.	2,097,865		8,193,942
Total India			19,175,393
Indonesia - 5.2%
Astra International Tbk PT	1,361,296		8,241,809
Malaysia - 7.2%
Genting Berhad	1,502,540		5,447,834
Genting Malaysia Berhad	2,056,680		2,261,114
IOI Corp. Berhad	2,045,820		3,854,780
Total Malaysia			11,563,728
Mexico - 20.8%
Fomento Economico Mexicano SAB de CV Series UB	1,461,800		8,183,662
Grupo Bimbo SAB de CV Series A	506,000		4,326,066
Grupo Televisa SA Series CPO*	1,895,400		9,788,956
Wal-Mart de Mexico SAB de CV Series V	3,863,200		11,053,375
Total Mexico			33,352,059
Russia - 5.4%
Magnit OJSC GDR	208,500		6,109,050
X5 Retail Group NV GDR*	53,247		2,462,674
Total Russia			8,571,724
South Africa - 15.4%
Massmart Holdings, Ltd.	127,652		2,830,601
Naspers, Ltd. N Shares	183,917		10,784,960
Shoprite Holdings, Ltd.	202,102		3,044,169
Steinhoff International Holdings, Ltd.*	762,478		2,823,673
Tiger Brands, Ltd.*	103,366		3,025,320
Truworths International Ltd.	193,100		2,091,315
Total South Africa			24,600,038
TOTAL COMMON STOCKS

(Cost: $134,559,982)			140,921,050
PREFERRED STOCKS - 12.1%
Brazil - 12.1%
Companhia Brasileira de Distribuicao Grupo PAO de
Acucar ADR	89,081		3,739,620
Comphania de Bebidas DAS Americas ADR	504,320		15,649,050
TOTAL PREFERRED STOCKS
(Cost: $17,320,341)			19,388,670
TOTAL INVESTMENTS IN SECURITIES - 100.1%
(Cost: $151,880,323)			160,309,720
Liabilities in Excess of Other Assets - (0.1)%			(156,449	)
Net Assets- 100.0%		$	160,153,271

†	The Consolidated Schedule of Investments includes the accounts of wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.
*	Non-income producing security
ADR	American Depositary Receipts
GDR	Global Depositary Receipts

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
ENERGY TITANS INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 100.5%
Brazil - 7.8%
Petroleo Brasileiro SA ADR	27,810	$	1,052,330
Chile - 2.7%
Empresas Copec SA	19,075		370,519
China - 12.9%
China Oilfield Services, Ltd. Class H	146,655		317,698
China Petroleum & Chemical Corp. Class H	680,066		650,877
PetroChina Co., Ltd. Class H	509,000		665,252
Suntech Power Holdings Co., Ltd. ADR*	13,611		109,024
Total China			1,742,851
Colombia - 3.9%
Ecopetrol SA ADR	12,013		524,007
Hong Kong - 8.5%
CNOOC, Ltd.	480,800		1,140,513
Hungary - 3.7%
MOL Hungarian Oil And Gas PLC*	5,020		503,007
India - 8.4%
Reliance Industries, Ltd. GDR 144A	23,765		1,129,313
Poland - 4.5%
Polski Koncern Naftowy Orlen SA*	20,819		322,737
Polskie Gornictwo Naftowe I Gazownictwo SA	230,614		278,662
Total Poland			601,399
Russia - 30.2%
Gazprom OAO ADR	37,835		955,334
LUKOIL OAO ADR	10,717		605,510
NovaTek OAO GDR	4,484		535,838
Rosneft Oil Co. GDR	63,998		458,226
Surgutneftegas ADR	102,016		1,081,369
Tatneft ADR	12,838		424,938
Total Russia			4,061,215
South Africa - 5.1%
Sasol, Ltd.	13,017		681,333
Thailand - 11.1%
PTT Aromatics & Refining PCL	212,328		269,416
PTT Exploration & Production PCL	86,965		484,662
PTT PCL	50,389		534,897
Thai Oil PCL	80,346		208,561
Total Thailand			1,497,536
Turkey - 1.7%
Tupras-Turkiye Petrol Rafinerileri AS	9,026		226,383
TOTAL INVESTMENTS IN SECURITIES - 100.5%
(Cost: $11,194,445)			13,530,406

Liabilities in Excess of Other Assets - (0.5)%		(72,827	)
Net Assets- 100.0%	$	13,457,579

*	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.

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES DOW JONES EMERGING MARKETS
FINANCIALS TITANS INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 88.6%
Brazil - 6.3%
Banco do Brasil SA ADR	29,616	$	577,512
Banco Santander Brasil SA ADS	14,500		197,200
Total Brazil			774,712
China - 33.9%
Bank of China Ltd. Class H	1,297,079		684,109
Bank of Communications Co., Ltd. Class H	116,800		117,647
China Construction Bank Corp. Class H	932,100		835,738
China Life Insurance Co., Ltd. Class H	143,060		584,301
China Merchants Bank Co., Ltd. Class H	127,275		321,231
Industrial and Commercial Bank of China, Ltd. Class H	1,396,240		1,039,953
Ping An Insurance Group Co. of China Ltd. Class H	51,300		573,472
Total China			4,156,451
Hong Kong - 2.5%
BOC Hong Kong Holdings, Ltd.	89,200		303,505
Hungary - 1.9%
OTP Bank Nyrt.*	9,851		238,341
India - 14.1%
HDFC Bank, Ltd. ADR	2,298		384,019
ICICI Bank, Ltd. ADR	13,929		705,365
State Bank of India, Ltd. GDR	4,907		635,456
Total India			1,724,840
Malaysia - 5.1%
CIMB Group Holdings Berhad	133,400		367,731
Malayan Banking Berhad	91,100		251,127
Total Malaysia			618,858
Poland - 4.7%
Bank Pekao SA	3,631		219,990
Powszechna Kasa Oszczednosci Bank Polski SA	24,220		355,375
Total Poland			575,365
South Africa - 12.9%
ABSA Group, Ltd.	18,024		381,417
FirstRand, Ltd.	75,295		222,047
Remgro, Ltd.	9,300		158,778
Sanlam, Ltd.	74,168		313,006
Standard Bank Group, Ltd.	31,088		505,387
Total South Africa			1,580,635
Turkey - 7.2%
Akbank TAS	43,092		240,242
Turkiye Garanti Bankasi AS	78,894		400,878
Turkiye Is Bankasi Class C	66,925		239,174
Total Turkey			880,294

TOTAL COMMON STOCKS
(Cost: $9,910,613)			10,853,001
PREFERRED STOCKS - 14.8%
Brazil - 14.8%
Banco Bradesco SA ADR	44,097		894,728
Itau Unibanco Holding SA ADR	38,079		914,277
TOTAL PREFERRED STOCKS
(Cost: $1,655,948)			1,809,005
TOTAL INVESTMENTS IN SECURITIES - 103.4%
(Cost: $11,566,561)			12,662,006
Liabilities in Excess of Other Assets - (3.4)%			(412,998	)
Net Assets- 100.0%		$	12,249,008

*	Non-income producing security
ADR	American Depositary Receipts
GDR	Global Depositary Receipts
ADS	American Depositary Shares

See notes to schedule of investments.

Schedule of Investments (Consolidated)^†

EMERGING GLOBAL SHARES INDXX
INDIA INFRASTRUCTURE INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 100.0%
Aerospace & Defense - 1.2%
Bharat Electronics, Ltd.	18,113	$	717,269
Construction & Engineering - 5.7%
IRB Infrastructure Developers, Ltd.	85,246		429,137
Larsen & Toubro, Ltd.	71,024		3,143,783
Total Construction & Engineering			3,572,920
Construction Materials - 8.0%
ACC, Ltd.	81,380		1,957,561
Ambuja Cements, Ltd.	631,057		2,020,963
Ultra Tech Cement, Ltd.	42,198		1,023,218
Total Construction Materials			5,001,742
Electric Utilities - 11.4%
Power Grid Corp. of India, Ltd.	535,461		1,177,140
Reliance Infrastructure, Ltd.	137,370		2,590,415
Tata Power Co., Ltd.	109,590		3,346,766
Total Electric Utilities			7,114,321
Electrical Equipment - 11.0%
ABB, Ltd.	94,327		1,678,858
Bharat Heavy Electricals, Ltd.	58,851		3,058,304
Crompton Greaves, Ltd.	313,335		2,171,937
Total Electrical Equipment			6,909,099
Gas Utilities - 5.5%
Gail India, Ltd.	302,378		3,466,713
Independent Power Producers & Energy Traders - 8.7%
National Hydroelectric Power Corp., Ltd.	1,525,848		962,293
NTPC, Ltd.	713,894		3,203,463
Reliance Power, Ltd.*	361,722		1,279,354
Total Independent Power Producers & Energy Traders			5,445,110
Industrial Conglomerates - 7.9%
Jaiprakash Associates, Ltd.	1,061,612		2,513,063
Siemens India, Ltd.	131,916		2,420,451
Total Industrial Conglomerates			4,933,514
Machinery - 6.1%
Tata Motors, Ltd.	131,315		3,842,245
Metals & Mining - 12.7%
NMDC, Ltd.	354,754		2,210,320
Steel Authority of India, Ltd.	551,305		2,250,099
Sterlite Industries India, Ltd.	843,855		3,522,432
Total Metals & Mining			7,982,851
Real Estate Management & Development - 8.3%
DLF, Ltd.	403,340		2,633,459
Housing Development & Infrastructure, Ltd.*	188,036		819,806
Unitech, Ltd.	1,195,416		1,772,472
Total Real Estate Management & Development			5,225,737

Transportation Infrastructure - 1.1%
IL&FS Transportation Networks, Ltd.	59,843		394,068
Mundra Port and Special Economic Zone, Ltd.	93,704		301,869
Total Transportation Infrastructure			695,937
Wireless Telecommunication Services - 12.4%
Bharti Airtel, Ltd.	404,425		3,245,168
Idea Cellular, Ltd.*	1,561,687		2,429,058
Reliance Communications, Ltd.	647,331		2,104,206
Total Wireless Telecommunication Services			7,778,432
TOTAL INVESTMENTS IN SECURITIES - 100.0%
(Cost: $65,381,654)			62,685,890
Other Assets in Excess of Liabilities - 0.0%††			23,004
Net Assets- 100.0%		$	62,708,894

†	The Consolidated Schedule of Investments includes the accounts of wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.
*	Non-income producing security
††	Represents Liabilities less than 0.05%

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES INDXX
CHINA INFRASTRUCTURE INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 100.6%
Construction & Engineering - 14.2%
China Communications Construction Co., Ltd. Class H	900,216	$	787,464
China Railway Construction Corp., Ltd. Class H	543,503		654,414
China Railway Group, Ltd. Class H	1,072,377		773,901
Metallurgical Corp. of China, Ltd. Class H*	757,587		334,273
Total Construction & Engineering			2,550,052
Construction Materials - 10.5%
Anhui Conch Cement Co., Ltd. Class H	175,077		820,922
BBMG Corp. Class H	287,854		390,290
China National Building Material Co., Ltd. Class H	300,254		688,290
Total Construction Materials			1,899,502
Diversified Telecommunication Services - 9.0%
China Telecom Corp., Ltd. Class H	1,602,458		838,989
China Unicom Hong Kong, Ltd.	544,885		779,443
Total Diversified Telecommunication Services			1,618,432
Electrical Equipment - 4.7%
Dongfang Electric Corp., Ltd. Class H	72,984		361,463
Shanghai Electric Group Co., Ltd. Class H	730,559		482,112
Total Electrical Equipment			843,575
Energy Equipment & Services - 4.8%
China Oilfield Services, Ltd. Class H	402,121		871,112
Independent Power Producers & Energy Traders - 7.0%
China Longyuan Power Group Corp., Class H*	585,699		535,697
Datang International Power Generation Co., Ltd. Class H	829,929		291,460
Huaneng Power International, Inc. Class H	819,012		433,019
Total Independent Power Producers & Energy Traders			1,260,176
Machinery - 6.7%
CSR Corp., Ltd. Class H	491,155		645,720
Weichai Power Co., Ltd. Class H	91,418		562,715
Total Machinery			1,208,435
Metals & Mining - 15.1%
Aluminum Corp. of China, Ltd. Class H*	971,100		885,697
Angang Steel Co., Ltd. Class H	274,852		420,747
Jiangxi Copper Co., Ltd. Class H	358,424		1,178,048
Maanshan Iron & Steel Class H	461,019		245,524
Total Metals & Mining			2,730,016
Real Estate Management & Development - 24.2%
Agile Property Holdings, Ltd.	377,798		555,982
Evergrande Real Estate Group, Ltd.	1,359,771		661,200
Guangzhou R&F Properties Co., Ltd. Class H	286,245		409,466
Longfor Properties	313,296		436,071
Renhe Commercial Holdings Co., Ltd.	4,586,604		802,426
Shimao Property Holdings, Ltd.	464,665		701,751
Sino-Ocean Land Holdings, Ltd.	1,213,523		794,586
Total Real Estate Management & Development			4,361,482

Transportation Infrastructure - 4.4%
Jiangsu Expressway Co., Ltd. Class H	336,225		384,942
Zhejiang Expressway Co., Ltd. Class H	412,011		405,987
Total Transportation Infrastructure			790,929
TOTAL INVESTMENTS IN SECURITIES - 100.6%
(Cost: $17,790,494)			18,133,711
Liabilities in Excess of Other Assets - (0.6)%			(107,316	)
Net Assets- 100.0%		$	18,026,395

*      Non-income producing security

See notes to schedule of investments.

Schedule of Investments

EMERGING GLOBAL SHARES INDXX
BRAZIL INFRASTRUCTURE INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 76.5%
Aerospace & Defense - 4.5%
Embraer SA	424,246	$	3,015,725
Construction Materials - 2.0%
Magnesita Refratarios SA*	217,708		1,337,724
Diversified Telecommunication Services - 4.1%
Tele Norte Leste Participacoes SA*	139,467		2,713,725
Electric Utilities - 11.9%
Centrais Eletricas Brasileiras SA*	237,528		3,182,303
Companhia Energetica de Minas Gerais	121,030		1,512,875
CPFL Energia SA	128,694		3,194,092
Total Electric Utilities			7,889,270
Independent Power Producers & Energy Traders - 6.4%
AES Tiete SA	111,461		1,443,621
Tractebel Energia SA	169,683		2,805,903
Total Independent Power Producers & Energy Traders			4,249,524
Machinery - 5.5%
Weg SA	278,477		3,657,108
Metals & Mining - 13.5%
Companhia Siderurgica Nacional SA	182,470		2,931,611
Gerdau SA	271,860		2,746,441
Vale SA*	98,614		3,286,935
Total Metals & Mining			8,964,987
Real Estate Management & Development - 5.9%
BR Malls Participacoes SA	168,646		1,737,257
Iguatemi Empresa de Shopping Centers SA	32,296		807,400
Multiplan Empreendimentos Imobiliarios SA	61,182		1,360,010
Total Real Estate Management & Development			3,904,667
Road & Rail - 6.3%
All America Latina Logistica SA	293,220		2,649,578
Localiza Rent A Car SA	96,136		1,557,867
Total Road & Rail			4,207,445
Transportation Infrastructure - 9.4%
Companhia de Concessoes Rodoviarias	123,932		3,501,452
LLX Logistica SA*	409,705		1,167,412
Obrascon Huarte Lain Brasil SA	20,163		728,662
PortX Operacoes Portuarias SA*	372,305		832,079
Total Transportation Infrastructure			6,229,605
Water Utilities - 5.1%
Companhia de Saneamento Basico
do Estado de Sao Paulo*	99,421		2,550,808
Companhia de Saneamento de Minas Gerais*	49,732		859,824
Total Water Utilities			3,410,632

Wireless Telecommunication Services - 1.9%
Tim Participacoes SA*	310,837		1,275,181
TOTAL COMMON STOCKS
(Cost: $48,183,584)			50,855,593
PREFERRED STOCKS - 23.8%
Diversified Telecommunication Services - 5.1%
Telemar Norte Leste SA Class A*	77,768		2,237,470
Telesp - Telecomunicacoes de Sao Paulo SA	45,330		1,147,723
Total Diversified Telecommunication Services			3,385,193
Independent Power Producers & Energy Traders - 4.8%
Companhia Energetica de Sao Paulo Class B	198,090		3,221,946
Machinery - 3.8%
Marcopolo SA	308,561		1,299,302
Randon SA Implemetos e Participacoes	162,113		1,200,222
Total Machinery			2,499,524
Oil, Gas & Consumable Fuels - 4.9%
Ultrapar Participacoes SA	51,379		3,252,971
Wireless Telecommunication Services - 5.2%
VIVO Participacoes SA	107,319		3,445,845
TOTAL PREFERRED STOCKS
(Cost: $14,287,423)			15,805,479
TOTAL INVESTMENTS IN SECURITIES - 100.3%
(Cost: $62,471,007)			66,661,072
Liabilities in Excess of Other Assets - (0.3)%			(220,935	)
Net Assets- 100.0%		$	66,440,137

*      Non-income producing security

See notes to schedule of investments.

Schedule of Investments (Consolidated)†

EMERGING GLOBAL SHARES INDXX
INDIA SMALL CAP INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
COMMON STOCKS - 99.8%
Airlines - 3.0%
Jet Airways India, Ltd.*	37,747	$	646,042
Kingfisher Airlines, Ltd.*	228,829		339,290
Total Airlines			985,332
Auto Components - 2.1%
Amtek Auto, Ltd.	211,790		648,419
Apollo Tyres, Ltd.	39,063		58,269
Total Auto Components			706,688
Building Products - 0.7%
Electrosteel Castings, Ltd.	279,733		242,416
Capital Markets - 0.6%
Indiabulls Securities, Ltd.	406,894		205,199
Chemicals - 5.5%
Chambal Fertilizers & Chemicals, Ltd.	346,094		698,535
Godrej Industries, Ltd.	166,183		710,036
Nagarjuna Fertilizers & Chemicals, Ltd.	529,730		405,753
Total Chemicals			1,814,324
Commercial Banks - 12.9%
Central Bank of India	168,367		684,162
Development Credit Bank, Ltd.*	314,789		412,890
Dhanlaxmi Bank, Ltd.	133,307		379,514
Indian Bank	160,050		883,380
UCO Bank	366,689		952,087
Vijaya Bank, Ltd.	413,094		940,467
Total Commercial Banks			4,252,500
Computers & Peripherals - 1.3%
Moser Baer India, Ltd.	311,984		435,375
Construction & Engineering - 3.1%
Alstom Projects India, Ltd.	38,666		593,933
Maytas Infra, Ltd.*	60,105		244,775
Noida Toll Bridge Co., Ltd.	294,310		199,103
Total Construction & Engineering			1,037,811
Construction Materials - 0.7%
Prism Cement, Ltd.	181,987		215,503
Containers & Packaging - 0.6%
Everest Kanto Cylinder, Ltd.	91,412		202,286
Diversified Consumer Services - 0.6%
Aptech, Ltd.	61,630		185,173
Diversified Financial Services - 1.2%
SREI Infrastructure Finance, Ltd.	155,936		381,340
Diversified Telecommunication Services - 1.8%
Tata Communications, Ltd.*	92,080		525,215
Tulip Telecom, Ltd.	19,456		76,427
Total Diversified Telecommunication Services			601,642

Electrical Equipment - 2.1%
Havells India, Ltd.	78,650	697,059
Energy Equipment & Services - 1.2%
BGR Energy Systems, Ltd.	23,481	381,556
Food Products - 5.5%
KS Oils, Ltd.	323,772	343,576
McLeod Russel India, Ltd.	109,394	528,438
Ruchi Soya Industries, Ltd.	239,088	643,236
Triveni Engineering & Industries, Ltd.	122,443	303,814
Total Food Products		1,819,064
Health Care Providers & Services - 1.0%
Fortis Healthcare, Ltd.*	105,688	346,384
Hotels, Restaurants & Leisure - 1.1%
Hotel Leelaventure, Ltd.	336,168	355,602
Household Durables - 1.5%
Videocon Industries, Ltd.	100,403	486,466
Independent Power Producers & Energy Traders - 1.3%
Jaiprakash Power Ventures, Ltd.*	369,362	436,560
IT Services - 8.7%
Core Projects & Technologies, Ltd.	83,031	540,263
Firstsource Solutions, Ltd.*	756,807	419,743
Hexaware Technologies, Ltd.	240,001	624,759
NIIT, Ltd.	247,762	302,534
Patni Computer Systems, Ltd.	93,593	997,362
Total IT Services		2,884,661
Machinery - 3.1%
Escorts, Ltd.	106,642	410,804
Praj Industries, Ltd.	329,976	621,726
Total Machinery		1,032,530
Marine - 2.5%
Mercator Lines, Ltd.	286,545	375,844
Shipping Corp. of India, Ltd.	150,981	441,311
Total Marine		817,155
Media - 4.0%
Deccan Chronicle Holdings, Ltd.	179,508	439,788
Dish TV India, Ltd.*	563,243	896,226
Total Media		1,336,014
Metals & Mining - 5.5%
Gujarat Mineral Development Corp., Ltd.	165,883	518,257
Jai Corp., Ltd.	73,421	365,094
Jindal South West Holdings, Ltd.*	9,826	314,063
JSL Stainless, Ltd.*	151,301	366,283
Prakash Industries, Ltd.*	90,180	248,466
Total Metals & Mining		1,812,163
Oil, Gas & Consumable Fuels - 2.8%
Mangalore Refinery & Petrochemicals, Ltd.	387,991	636,456
Reliance Industrial Infrastructure	18,500	296,687
Total Oil, Gas & Consumable Fuels		933,143

See notes to schedule of investments.

Schedule of Investments (Consolidated)†

EMERGING GLOBAL SHARES INDXX
INDIA SMALL CAP INDEX FUND

December 31, 2010 (Unaudited)

Investments	Shares		Value
Pharmaceuticals - 2.4%
Orchid Chemicals & Pharmaceuticals, Ltd.	118,086	$	802,425
Real Estate Management & Development - 4.8%
Ackruti City, Ltd.	25,964		145,512
Anant Raj Industries, Ltd.	214,561		514,390
Orbit Corp. Ltd.	134,227		240,297
Parsvnath Developers, Ltd.*	208,903		271,903
Sobha Developers, Ltd.	58,543		425,702
Total Real Estate Management & Development			1,597,804
Software - 7.6%
3i Infotech, Ltd.	264,192		353,319
Allied Digital Services, Ltd.	55,426		234,211
Geodesic, Ltd.	158,717		342,707
ICSA India, Ltd.	99,792		316,348
NIIT Technologies, Ltd.	70,940		314,284
OnMobile Global, Ltd.*	57,624		370,242
Polaris Software Lab, Ltd.	148,809		580,893
Total Software			2,512,004
Textiles, Apparel & Luxury Goods - 7.9%
Alok Industries, Ltd.	744,109		464,288
Arvind, Ltd.*	308,286		491,231
Bombay Dyeing & Manufacturing Co., Ltd.	27,849		326,010
Bombay Rayon Fashions, Ltd.	88,954		395,981
Rajesh Exports, Ltd.	152,826		451,489
SRF, Ltd.	62,553		494,520
Total Textiles, Apparel & Luxury Goods			2,623,519
Thrifts & Mortgage Finance - 1.5%
Dewan Housing Finance Corp., Ltd.	74,031		503,474
Wireless Telecommunication Services - 1.2%
Tata Teleservices Maharashtra, Ltd.*	902,931		391,745
TOTAL INVESTMENTS IN SECURITIES - 99.8%
(Cost: $33,980,984)			33,034,917
Other Assets in Excess of Liabilities - 0.2%			54,643
Net Assets- 100.0%		$	33,089,560

†	The Consolidated Schedule of Investments includes the accounts of wholly-owned subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.
*	Non-income producing security

See notes to schedule of investments.

NOTES TO SCHEDULE OF INVESTMENTS
(Unaudited)

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

FEDERAL INCOME TAX MATTERS

The cost basis of investments for federal income tax purposes at December 31, 2010 was as follows*:

Funds	Cost of Investments		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation
Emerging Global Shares Dow Jones Emerging
Markets Titans Composite Index Fund		$27,555,255		$3,060,338		($639,056	)		$2,421,282
Emerging Global Shares Dow Jones Emerging
Markets Metals & Mining Titans Fund Index Fund		26,474,180		6,489,836		(271,879	)		6,217,957
Emerging Global Shares Dow Jones Emerging
Markets Consumer Titans Index Fund		151,880,323		10,261,086		(1,831,689	)		8,429,397
Emerging Global Shares Dow Jones Emerging
Markets Energy Titans Index Fund		11,223,893		2,411,529		(105,016	)		2,306,513
Emerging Global Shares Dow Jones Emerging
Markets Financials Titans Index Fund		11,646,079		1,278,365		(262,438	)		1,015,927
Emerging Global Shares INDXX India
Infrastructure Index Fund		65,381,654		966,291		(3,662,055	)		(2,695,764	)
Emerging Global Shares INDXX China
Infrastructure Index Fund		17,790,494		1,021,747		(678,530	)		343,217
Emerging Global Shares INDXX Brazil
Infrastructure Index Fund		62,471,830		5,515,626		(1,326,384	)		4,189,242
Emerging Global Shares INDXX India Small Cap
Index Fund		33,980,984		1,546,936		(2,493,003	)		(946,067	)

* Because tax adjustments are calculated annually, the above table reflects the tax adjustments outstanding at the Fund’s previous fiscal year end. For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent annual report.

FAIR VALUE MEASUREMENT

Fair Value Measurements and Disclosures defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosure about fair value measurements. It also provides guidance on determining when there has been a significant decrease in the volume and level of activity for an asset or liability, when a transaction is not orderly, and how that information must be incorporated into a fair value measurement. Under Fair Value Measurements and Disclosures, various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels as follows:

• Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Portfolio has the ability to access.
• Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
• Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Portfolio’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The Fund has adopted the Accounting Standard Update, Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements which provides guidance on how investment assets and liabilities are to be valued and disclosed. Specifically, the amendment requires reporting entities to disclose i) the input and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements, for Level 2 or Level 3 positions ii) transfers between all levels (including Level 1 and Level 2) will be required to be disclosed on a gross basis (i.e. transfers out must be disclosed separately from transfers in) as well as the reason(s) for the transfer and iii) purchases, sales, issuances and settlements must be shown on a gross basis in the Level 3 roll forward rather than as one net number. The effective date of the amendment is for interim and annual periods beginning after December 15, 2009, however, the requirement to provide the Level 3 activity for purchases, sales, issuances and settlements on a gross basis will be effective for interim and annual periods beginning after December 15, 2010.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following summarizes inputs used as of December 31, 2010 in valuing the Fund’s assets and liabilities carried at fair value:

	Quoted Prices in Active Market
	(Level 1)
Funds	Common Stocks		Preferred Stocks		Other Significant Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Emerging Global Shares Dow Jones
Emerging Markets Titans Composite
Index Fund*	$	26,305,858	$	3,670,679	$	-	$	-	$	29,976,537
Emerging Global Shares Dow Jones
Emerging Markets Metals & Mining
Titans Fund Index Fund*		31,274,418		1,417,719		-		-		32,692,137
Emerging Global Shares Dow Jones
Emerging Markets Consumer Titans
Index Fund *		140,921,050		19,388,670		-		-		160,309,720
Emerging Global Shares Dow Jones
Emerging Markets Energy Titans
Index Fund*		13,530,406		-		-		-		13,530,406
Emerging Global Shares Dow Jones
Emerging Markets Financials Titans
Index Fund*		10,853,001		1,809,005		-		-		12,662,006
Emerging Global Shares INDXX
India Infrastructure Index Fund**		62,685,890		-		-		-		62,685,890
Emerging Global Shares INDXX
China Infrastructure Index Fund**		18,133,711		-		-		-		18,133,711
Emerging Global Shares INDXX
Brazil Infrastructure Index Fund**		50,855,593		15,805,479		-		-		66,661,072
Emerging Global Shares INDXX
India Small Cap Index Fund**		33,034,917		-		-		-		33,034,917

*	Please refer to the schedule of investments to view securities segregated by country.
**	Please refer to the schedule of investments to view securities segregated by industry type.

There were no transfers between level 1 and 2 securities. The Funds did not hold any Level 3 securities during the period reported.

Item 2. Controls and Procedures.

(a)

The Registrant’s Principal Executive and Principal Financial Officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

A separate certification for each Principal Executive Officer and Principal Financial Officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act (17 CFR 270.30a-2(a)) is attached hereto.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) EGA Emerging Global Shares Trust

By:	/s/ Robert C. Holderith
	Robert C. Holderith
	President
	Date: February 23, 2010

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Robert C. Holderith
	Robert C. Holderith
	President
Date:	February 23, 2010
By:	/s/ Thomas A. Carter
	Thomas A. Carter
	Chief Financial Officer
Date:	February 23, 2010