Fund Description: Reaves Utilities ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the ETFis Series Trust I, an open-end investment management company. INVESTMENT OBJECTIVE: The Reaves Utilities ETF seeks to provide total return through a combination of capital appreciation and income. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Rather, the Sub- Adviser has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective and subject to the oversight and supervision of the Adviser and the Board of Trustees. FUND STRATEGY: Under normal market conditions, the Fund invests not less than 80% of its total assets in equity securities of companies in the Utility Sector. The Fund considers a company to be a Utility Sector Company if the company is a utility or if at least 50% of the company’s assets or customers are committed to, or at least 50% of the company’s revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The Sub-Adviser manages the Fund's assets by using a value-based, bottom-up stock selection approach. In making investment decisions, the Sub-Adviser primarily focuses on common stocks of Utility Sector Companies that deems to be attractive based on the potential for growth of income and capital appreciation over time. While the Sub-Adviser may consider a number of factors in making investment decisions the Sub-Adviser generally seeks to acquire Utility Sector Companies that have or reflect conservative capital structures; solid balance sheets; history of and/or potential for growing earnings and raising dividends; positive catalysts that may unlock value; or lower-than-market levels of volatility, correlation or similar characteristics. In evaluating potential investments, the Sub-Adviser may consider, among other things, earnings and cash flow potential, dividend prospects and tax treatment of dividends, strength of business franchises and estimates of net asset value. Although the Fund may invest in foreign Utility Sector Companies, including, without limitation, through investments in American Depository Receipts (ADRs), the Fund will focus its investments primarily in U.S. Utility Sector Companies. The Fund may invest in securities of issuers of any market capitalization. FUND MANAGEMENT: Virtus ETF Advisers LLC serves as the Investment Adviser to the Fund. Reaves Asset Management serves as the Sub-Adviser to the Fund.