Fund Description: U.S. Global Jets ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETF Series Solutions, an open-end investment management company. INVESTMENT OBJECTIVE: The U.S. Global Jets ETF seeks to provide investment returns that closely correspond to the price and yield performance of the U.S. Global Jets Index. INDEX DESCRIPTION: The U.S. Global Jets Index is composed of the common stock of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies (as determined by independent industry listings) listed on well-developed securities exchanges across the globe (collectively, Airline Companies). The Index may include small-, mid-, and large-capitalization companies. The Index tracks the performance of Airline Companies across the globe with an emphasis on domestic passenger airlines. The universe of Airline Companies is screened for investibility (e.g., must be listed on a major securities exchange), a minimum market capitalization of $100 million, and liquidity (minimum average daily value traded). The Adviser generally expects the Index to include between 30 and 35 Airline Companies. The Index is rebalanced and reconstituted quarterly in March, June, September, and December. At the time of each reconstitution of the Index, the four largest U.S. passenger airline companies, as measured primarily by their market capitalization and, to a lesser extent, their passenger load factor, receives a 12% weighting allocation of the Index. Each of the next five largest U.S. passenger airline companies receives a 4% weighting allocation of the Index. The remaining Airline Companies meeting the Index criteria are then scored based on multiple fundamental factors. Their score is primarily driven by their cash return on invested capital with additional inputs based on sales per share growth, gross margins, and sales yield. Each of the four U.S. companies with the highest composite scores receives a 3% weighting allocation of the Index, and each of the twenty non-U.S. companies with the highest composite scores receives a 1% weighting allocation of the Index. FUND STRATEGY: The Fund uses a passive management (or indexing) approach to track the performance of the Index. The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., Depositary Receipts). The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index). The Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Index, but which the Adviser believes will help the Fund track the Index. FUND MANAGEMENT: U.S. Global Investors, Inc. serves as the investment adviser to the Fund.