Fund Description: Global Beta Smart Income ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global Beta ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Global Beta Smart Income ETF seeks to track the performance (before fees and expenses) of the Global Beta Smart Income Index. INDEX DESCRIPTION: Global Beta Smart Income Index is comprised of equity securities of U.S. companies in the highest quintile of the average twelve month trailing dividend yield over each of the prior four quarters in the S&P 900, and that rank in the top half of their respective GICS sector classification. The constituent securities of the Target Index are weighted based on their revenue, with each individual index constituent capped at 5% at each quarterly rebalance. The S&P 900 is an investable benchmark for the mid- to large-cap segment of the U.S. equity market (including real estate investment trusts (REITs). FUND STRATEGY: The Fund may use either a replication strategy or representative sampling strategy in seeking to track the performance of the Target Index. Under a replication strategy, the Fund intends to replicate the constituent securities of the Target Index as closely as possible. Under a representative sampling strategy, the Fund would invest in what it believes to be a representative sample of the component securities of the Target Index. The Fund may use a representative sampling strategy when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of securities to follow the Target Index. The Fund may also use a representative sampling strategy to exclude less liquid component securities contained in the Target Index from the Fund’s portfolio in order to create a more tradable portfolio and improve arbitrage opportunities. To the extent the Fund uses a representative sampling strategy, it may not track the Target Index with the same degree of accuracy as would an investment vehicle replicating the entire index. The Fund will primarily invest in U.S. companies that are included in the Target Index. FUND MANAGEMENT: Global Beta Advisors LLC serves as the Investment Adviser to the Fund.