Fund Description: ETFMG Sit Ultra Short ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the ETF Managers Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ETFMG Sit Ultra Short ETF seeks maximum current income to the extent consistent with preserving capital and maintaining liquidity. 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. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing in a diversified portfolio of high-quality short-term U.S. dollar denominated domestic and foreign debt securities and other instruments. The Fund will, under normal circumstances, invest primarily in fixed-income securities. These include: Commercial paper of domestic and foreign banks and corporations; Obligations of domestic and foreign banks and corporations, including both fixed rate and floating rate securities; Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises; Mortgage and other asset-backed securities including automobile and credit card receivables, utilities, equipment trust certificates, railway authorities, single-family rentals, manufactured home loans, home improvement loans, and home equity loans; and Repurchase agreements relating to the above instruments. The Sub-Adviser may invest in debt obligations of maturities with a dollar weighted average maturity of no more than 3 years and may invest in debt obligations with a maximum maturity of 4 years. During normal market circumstances the average portfolio effective duration for the Fund is expected be more than 2 months, but less than 1 year. The Sub-Adviser attempts to diversify the Fund’s portfolio by holding debt obligations of many different issuers and choosing issuers in a variety of sectors. The Fund is a diversified fund. In determining which debt obligations to buy for the Fund, the Sub-Adviser attempts to achieve the Fund’s investment objective primarily in three ways: Yield curve positioning: Sector allocation: and Security selection. The Fund may also invest in shares of stable value money market funds and ETFs that principally invest in the same types of securities in which the Fund may invest directly. FUND MANAGEMENT: ETF Managers Group LLC serves as the investment adviser to the Fund. Sit Fixed Income Advisors II, LLC serves as the sub-adviser to the Fund.