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          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Bank of New York Mellon</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>The Bank of New York Mellon</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>SEI Investments Global Funds Services</adminName>
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            <idNumberDesc>SEC File Number</idNumberDesc>
            <adminStateCountry adminState="US-PA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
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          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>JANE STREET EXECUTION SERVICES</brokerName>
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            <grossCommission>13314.69000000</grossCommission>
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          <broker>
            <brokerName>INTERACTIVE BROKERS LLC</brokerName>
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            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>10902.44999999</grossCommission>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO, INC</brokerName>
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            <brokerStateCountry brokerState="US-MD" brokerCountry="US"/>
            <grossCommission>423.14999999</grossCommission>
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          <broker>
            <brokerName>BTIG</brokerName>
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            <brokerLei>549300GTG9PL6WO3EC51</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>25618.65999999</grossCommission>
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          <broker>
            <brokerName>CREDIT SUISSE FIRST BOSTON LLC.</brokerName>
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            <grossCommission>402.52999999</grossCommission>
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          <broker>
            <brokerName>VIRTU FINANCIAL LLC</brokerName>
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            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>498.62000000</grossCommission>
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          <broker>
            <brokerName>MISCHLER FINANCIAL</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>44335.04999999</grossCommission>
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        <aggregateCommission>95495.14999999</aggregateCommission>
        <principalAggregatePurchase>0.00</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>232032515.53000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>ETC 6 Meridian Quality Growth ETF</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="ETC 6 Meridian Quality Growth ETF" sharesOutstandingClassId="C000226842" sharesOutstandingTickerSymbol="SXQG"/>
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          <fundType>Exchange-Traded Fund</fundType>
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        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Exchange Traded Concepts, LLC</investmentAdviserName>
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        <subAdvisers>
          <subAdviser>
            <subAdviserName>6 Meridian LLC</subAdviserName>
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            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
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            <isSubAdviserHired>N</isSubAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>The Bank of New York Mellon</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Pricing Direct</pricingServiceName>
            <pricingServiceLei>549300WIC0TOJ7N7GD54</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>IHS Markit</pricingServiceName>
            <pricingServiceLei>549300HLPTRASHS0E726</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
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          <pricingService>
            <pricingServiceName>Thomson Reuters Corporation</pricingServiceName>
            <pricingServiceLei>549300561UZND4C7B569</pricingServiceLei>
            <pricingServiceCountry>CA</pricingServiceCountry>
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          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>S&amp;P</pricingServiceName>
            <pricingServiceLei>549300U4VWNITEKO2881</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Bank of New York Mellon</custodianName>
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            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>The Bank of New York Mellon</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>SEI Investments Global Funds Services</adminName>
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            <idNumberDesc>SEC File Number</idNumberDesc>
            <adminStateCountry adminState="US-PA" adminCountry="US"/>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>BTIG</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>792.79999999</grossCommission>
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          <broker>
            <brokerName>MISCHLER FINANCIAL</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>5.18000000</grossCommission>
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          <broker>
            <brokerName>CREDIT SUISSE FIRST BOSTON LLC.</brokerName>
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            <brokerLei>1V8Y6QCX6YMJ2OELII46</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>6.37999999</grossCommission>
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        <aggregateCommission>804.35999999</aggregateCommission>
        <principalAggregatePurchase>0.00</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>14402151.02999999</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
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      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Capital Link NextGen Protocol ETF</mgmtInvFundName>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Capital Link NextGen Protocol" sharesOutstandingClassId="C000198171" sharesOutstandingTickerSymbol="KOIN"/>
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        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
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            <indexFundReturnDiffBeforeExpense>0.61</indexFundReturnDiffBeforeExpense>
            <indexFundReturnDiffAfterExpense>-0.31</indexFundReturnDiffAfterExpense>
            <indexFundReturnDailyStdevBeforeExpense>0.268572995</indexFundReturnDailyStdevBeforeExpense>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Bank of New York Mellon</securitiesAgentName>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>11657.65000000</netIncomeSecuritiesLending>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <investmentAdvisers>
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            <investmentAdviserName>Exchange Traded Concepts, LLC</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>The Bank of New York Mellon</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Thomson Reuters Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Pricing Direct</pricingServiceName>
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          <pricingService>
            <pricingServiceName>S&amp;P</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
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          <pricingService>
            <pricingServiceName>IHS Markit</pricingServiceName>
            <pricingServiceLei>549300HLPTRASHS0E726</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
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          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
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            <shareholderServiceAgentName>The Bank of New York Mellon</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
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            <adminName>SEI Investments Global Funds Services</adminName>
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        <brokers>
          <broker>
            <brokerName>MISCHLER FINANCIAL</brokerName>
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            <grossCommission>708.38000000</grossCommission>
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          <broker>
            <brokerName>BTIG</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>2565.50000000</grossCommission>
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        <aggregateCommission>3273.88000000</aggregateCommission>
        <principalAggregatePurchase>0.00</principalAggregatePurchase>
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        <mnthlyAvgNetAssets>27475475.80999999</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Capital Link NextGen Vehicles &amp; Technology ETF</mgmtInvFundName>
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        <sharesOutstandings>
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            <isIndexFundAffiliated>N</isIndexFundAffiliated>
            <isIndexFundExclusive>N</isIndexFundExclusive>
            <indexFundReturnDiffBeforeExpense>0.62</indexFundReturnDiffBeforeExpense>
            <indexFundReturnDiffAfterExpense>-0.22</indexFundReturnDiffAfterExpense>
            <indexFundReturnDailyStdevBeforeExpense>0.357173217</indexFundReturnDailyStdevBeforeExpense>
            <indexFundReturnDailyStdevAfterExpense>0.328008799</indexFundReturnDailyStdevAfterExpense>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Bank of New York Mellon</securitiesAgentName>
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            <isSecuritiesAgentAffiliated>Y</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="Bank of New York Mellon" idemnityProviderLei="HPFHU0OQ28E4N0NFVK49"/>
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              <didIndemnificationRights>N</didIndemnificationRights>
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        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <avgPortfolioSecuritiesValue>337903.26899999</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>6101.22000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Exchange Traded Concepts, LLC</investmentAdviserName>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>The Bank of New York Mellon</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Pricing Direct</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
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          <pricingService>
            <pricingServiceName>IHS Markit</pricingServiceName>
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            <pricingServiceCountry>GB</pricingServiceCountry>
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          <pricingService>
            <pricingServiceName>S&amp;P</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Thomson Reuters Corporation</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>The Bank of New York Mellon</custodianName>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>The Bank of New York Mellon</shareholderServiceAgentName>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>SEI Investments Global Funds Services</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>MISCHLER FINANCIAL</brokerName>
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          <broker>
            <brokerName>BTIG</brokerName>
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        <aggregateCommission>2308.50999999</aggregateCommission>
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        <hasLineOfCredit>N</hasLineOfCredit>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>ETC 6 Meridian Small Cap Equity ETF</mgmtInvFundName>
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        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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        <subAdvisers>
          <subAdviser>
            <subAdviserName>6 Meridian LLC</subAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>The Bank of New York Mellon</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Pricing Direct</pricingServiceName>
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          <pricingService>
            <pricingServiceName>IHS Markit</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Thomson Reuters Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>S&amp;P</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
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        <admins>
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        <brokers>
          <broker>
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          <broker>
            <brokerName>BTIG</brokerName>
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          <broker>
            <brokerName>JANE STREET EXECUTION SERVICES</brokerName>
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        <aggregateCommission>35660.92999999</aggregateCommission>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>ETC 6 Meridian Low Beta Equity Strategy ETF</mgmtInvFundName>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <investmentAdvisers>
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            <pricingServiceName>IHS Markit</pricingServiceName>
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        <custodians>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>SEI Investments Global Funds Services</adminName>
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