About

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Index Provider: Innovation Shares LLC


Innovation Shares LLC is a new breed of index provider in the world of exchange traded funds (ETFs). Innovation Labs Ltd. created the index, Innovation Shares licensed the index from Innovations Labs. We focus on themes that investors are talking about but have a hard time accessing. However, the real innovation behind our name is not necessarily through the thematic exposures we offer but in the patent-pending process by which our affiliate company, Innovation Labs Ltd, develops proprietary indices. Using natural language processing to drive a sentiment-based selection approach, Innovation Labs identifies stocks that might otherwise evade a traditional analyst team or Chief Investment Officer. We believe that our method of building indices & products better serves investors who are looking to step outside the traditional & tried box of fundamental investing.

Advisor: Exchange Traded Concepts


Exchange Traded Concepts (ETC) is an exchange-traded-fund (ETF) provider that creates white label ETFs for index providers and asset managers around the world through a complete turnkey solution.

Sub-Advisor: Penserra Securities


The name Penserra is derived from the Spanish words “pensar”, which means “to think”, and “tierra”, which means “earth” or “land”. At Penserra, it is our mission to continuously examine and evaluate the ever changing global financial markets to provide our clients with quality execution, local market intelligence, and exceptional service.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting innovationshares.com. Investors should read it carefully before investing or sending money.

Investing involves risk, including possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. There is no guarantee the fund will achieve its stated objective.

There is no assurance that stocks selected according to the natural language processing algorithm will outperform stocks of other companies. There is no guarantee that the Methodology will generate or produce the intended results.

Currently, there are few public companies for which Blockchain technology represents an attributable and significant revenue stream, and companies eligible for inclusion in the index may have minimal ties to blockchain. In addition: cryptographic keys necessary to transact on a blockchain may be subject to theft, loss, or destruction; competing platforms and technologies may be developed that consumers use instead of blockchain; that companies that use blockchain technology may be subject to cybersecurity risk, and that such companies may not be able to develop applications or may not be able to capitalize on them; that there may be a lack of liquid markets and possible manipulation of blockchain-based assets; that there may be risks posed by the lack of regulation in this space; that blockchain systems built using third party products may be subject to technical defects or vulnerabilities beyond a company's control; and that blockchain is a new and untested technology which may never be implemented on a scale that provides identifiable benefits.

Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated and do not represent the returns an investor would receive if shares were traded at other times. Brokerage commissions will reduce returns.

Exchange Traded Concepts, LLC serves as the investment advisor, and Penserra Capital Management LLC serves as the sub-advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.