Fund Description: ETFMG Prime Mobile Payments ETF, formerly PureFunds ISE Mobile Payments ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the FactorShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ETFMG Prime Mobile Payments ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Prime Mobile Payments Index, formerly ISE Mobile Payments Index. INDEX DESCRIPTION: The Prime Mobile Payments Index 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 will invest at least 80% of its total assets in the component securities of the Index and in American Depositary Receipts and Global Depositary Receipts based on the component securities in the Index. 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 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.