The Fund is intended to be made available only to U.S. ETFMG is not affiliated with Prime Indexes. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). The Fund is distributed by ETFMG Financial LLC. Diversification does not guarantee a profit, nor does it protect against a loss in a declining market.ĮTF Managers Group LLC is the investment adviser to the Fund. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index. The Fund’s return may not match or achieve a high degree of correlation with the return of the Prime Mobile Payments Index. Investments in smaller companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Such factors may adversely affect the profitability and value of such companies. Additionally, certain Mobile Payment Companies have recently faced increased costs related to class-action litigation challenging such agreements.
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Mobile Payment Companies may be highly dependent on their ability to enter into agreements with merchants and other third parties to utilize a particular payment method, system, software or service, and such agreements may be subject to increased regulatory scrutiny.
Mobile Payment Companies face intense competition, both domestically and internationally, and are subject to increasing regulatory constraints, particularly with respect to fees, competition and anti-trust matters, cybersecurity and privacy. Narrowly focused investments typically exhibit higher volatility. Brokerage commissions will reduce returns.
Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Investing involves risk, including the possible loss of principal. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-84), or by visiting Read the prospectus carefully before investing. On 8/1/17, the Fund’s benchmark became the Prime Mobile Payments Index.Ĭarefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing.
The median of those values is identified and that value is expressed as a percentage.ĥ The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.Ħ Effective 8/1/17, the name of the PureFunds ISE Mobile Payments ETF is changed to the ETFMG Prime Mobile Payments ETF (the "Fund").ħ The Fund’s benchmark before 8/1/17 was the ISE Mobile Payments Index. 1 AUM is subject to change on a daily basis.Ģ Holdings are subject to change without notice.ģ Security Lending income is expressed as the result of dividing net securities lending income for the twelve months ending divided by the average daily net assets of the Fund for the same period.Ĥ The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") as of the end of each 10-second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO.
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