Fund Description: iSectors Post-MPT Growth ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETFIS Series Trust l, an open-end investment management company. INVESTMENT OBJECTIVE: The iSectors Post-MPT Growth ETF seeks to achieve investment returns that outperform the S&P 500 Index with lower downside risk over a complete market cycle. The Fund seeks growth of capital, with a secondary emphasis on capital preservation, independent of individual market conditions. INDEX DESCRIPTION: The S&P 500 Index is a free-float market capitalization-weighted index of 500 of the largest U.S. companies. The Index is calculated on a total return basis with dividends reinvested. The Index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment. FUND STRATEGY: The Fund is a fund of funds that seeks to achieve its investment objective by using an objective and quantitative algorithm based on Post-Modern Portfolio Theory (Post-MPT) to allocate assets across various asset classes and/or sectors of the U.S. securities markets (Primary Investments). The strategy’s philosophical foundation is rooted in Modern Portfolio Theory (MPT) which forms the foundation on which the principles of modern asset allocation are built. MPT suggests that multi-asset portfolios can be optimally allocated to provide maximum return for a given level of risk. Post-Modern Portfolio Theory investment model seeks to enhance how the principles of MPT are applied in practice by allocating among nine primary sectors, rebalancing monthly based on changes in fifteen economic and capital market factors, exclusively utilizing exchange traded funds for sector exposure and considering only downside (negative returns) rather than standard deviation as the measure of portfolio risk. FUND MANAGEMENT: Virtus ETF Advisers LLC serves as the investment adviser to the Fund. iSectors, LLC serves as the Fund’s sub-adviser.