Fund Description: BlueStar Israel Technology ETF, formerly BlueStar TA-BIGITech Israel Technology 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 BlueStar Israel Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the TASE- BlueStar Israel Technology Index. INDEX DESCRIPTION: The TASE- BlueStar Israel Technology Index tracks the performance of exchange-listed Israeli technology operating companies. Such companies may be engaged in a wide spectrum of technology related sectors, including information technology, biotechnology, sustainable agriculture technology and defense technology. The Index is reconstituted semi-annually at the close of business on the third Friday of June and December. At the time of each reconstitution, the companies in the Index are weighted based on their market capitalization, subject to certain limitations designed to prevent inordinately heavy weightings of any one company. The Index is not limited to a minimum or maximum number of constituents; rather, it includes all companies meeting the eligibility criteria for inclusion in the Index. The Index may include companies of any market capitalization. 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. A replication strategy is an indexing strategy that is used which 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, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index. The Fund will invest at least 80% of its total assets in the component securities of the Index and in depositary receipts representing such securities. As a result, under normal circumstances, the Fund will invest at least 80% of its total assets in Israeli technology companies. FUND MANAGEMENT: Factor Advisors, LLC serves as the investment adviser to the Fund. Penserra Capital Management, LLC serves as the sub-adviser to the Fund. The Adviser has retained the Sub-Adviser to be responsible for the day-to-day management of the Fund, subject to the supervision of the Adviser and the Board.