Fund Description: ETFMG Drone Economy Strategy ETF, formerly PureFunds Drone Economy Strategy ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETF Managers Trust, formerly FactorShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ETFMG Drone Economy Strategy ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Reality Shares Drone Index. INDEX DESCRIPTION: The Reality Shares Drone Index is comprised of both Drone Economy Drivers and Drone Economy Suppliers, each of which must have its equity securities listed on a securities exchange and have a minimum market capitalization of $100 million. The Index tracks the performance of the equity securities (or corresponding American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs) of companies across the globe (including in emerging markets) and across a wide variety of industries that are actively involved in the development, research, or utilization of drones. The Drone Economy requires a variety of specialized skills, technologies, and resources, and consequently, Drone Economy Companies may include companies from industry groups as diverse as aerospace/defense, auto parts and equipment, commercial services, computers, electronics, machinery, manufacturing, semiconductors, and telecommunications. The initial universe of Drone Economy Companies is determined based on proprietary research and analysis conducted by the Research and Advisory Committee of Reality Shares, Inc., the Fund’s Index Provider. The Index Provider uses a variety of independent, third-party resources for such analysis, including industry databases, regulatory agency public records, academic institution reports, and financial services applications and data sets to determine whether a company is actively involved in the Drone Economy and to acquire the information used to weight the Index constituents. FUND STRATEGY: The Fund uses a passive or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund will use a replication strategy which is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders. The Fund normally invests at least 80% of its total assets in securities, ADRs, or GDRs of Drone Economy Companies. The Fund may invest up to 20% of its total assets in securities that are not in the Fund’s Index to the extent that the Fund’s sub-adviser believes such investments should help the Fund’s overall portfolio track the Index. FUND MANAGEMENT: ETF Managers Group LLC serves as the investment adviser to the fund.