EKAR
SUMMARY

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Data as of: 07/17/2018


Primary Exchange NYSE
Ticker EKAR
CUSIP 301505756
Net Assets $2,458,528.50
Shares Outstanding 100,000
Distribution Yield** TBD
Number of Holdings 71
Fund Inception Date 02/13/2018
Expense Ratio 65 bps
Fee Waiver 30 bps*
Gross Expense Ratio 95 bps
30-day SEC Yield*** TBD

*Pursuant to a contractual agreement, the Fund’s investment adviser has agreed to waive management fees of 0.30% of average daily net assets until March 31, 2019

Net Asset Value (NAV)

NAV $24.59
Daily Change $0.18
Daily Change (%) 0.74%
Market Price

Closing Price $24.73
Daily Change $0.24
Daily Change (%) 0.98%
Premium Discount

NAV Market Price Premium/Discount
$24.59 $24.73 $0.15

Performance Cumulative (%)


Month end as of: 06/30/2018

1 Month 3 Month YTD Since Inception
Fund NAV -3.80% -2.71% TBD -3.68%
Market Price -3.87% -3.41% TBD -3.56%
Quarter end as of: 06/30/2018

1 Month 3 Month YTD Since Inception
Fund NAV -3.80% -2.71% TBD -3.68%
Market Price -3.87% -3.41% TBD -3.56%

Historical Premium/Discount


Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. One cannot invest directly in an index. Returns are determined based on the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV is typically calculated. Market returns does not represent the returns you would receive if you traded shares at other times.

*Distribution Yield is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

**30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the interest earned during the period after deducting the Fund’s expenses for the period.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the midpoint or the last bid/ask spread at 4:00pm Eastern time.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

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.

[specific to KOIN] Currently, there are few public companies for which Blockchain technology represents an attributable and significant revenue stream. The Fund may be more susceptible to potential operational risks through breaches in cyber security. Investments in blockchain companies are subject to: theft, loss, or destruction; competing platforms and technologies; developmental risk; cybersecurity risk; intellectual property claims; lack of regulation or liquid markets, and possible manipulation of blockchain-based assets; and third party product defects or vulnerabilities.

[specific to EKAR] Next Generation Vehicles are a relatively new development and there can be no assurance that they will be widely adopted by the general public. Companies may be subject to risks related to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation.

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.