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Seeking The Right Moves For The Trail Ahead

DeltaShares® S&P 600 Managed Risk ETF

NAV
as of 7/18/2018
$58.76
52 WK: 47.27 - 59.05
1 Day NAV Change
as of 7/18/2018
0.25 (0.43%)
NAV YTD Total Return
as of 7/18/2018
9.54%
Market Price YTD Total Return as of 7/18/2018
9.42%
Expense Ratio
 
0.45%
As expressed in the prospectus

Investment Objective

The DeltaShares S&P 600 Managed Risk ETF seeks to track the investment results of the S&P 600 Managed Risk 2.0 Index (the “Underlying Index”). The Underlying Index is designed to simulate a portfolio that dynamically adjusts its allocations across the S&P SmallCap 600® (the “Equity Index”), the S&P U.S. Treasury Bond Current 5-Year Index (the “Treasury Bond Index”) and the S&P U.S. Treasury Bill 0-3 Month Index (the “T-Bill Index”).

Why DMRS?

• Gain exposure to small public U.S. companies with potentially less risk.
• Can satisfy demand for small cap equity exposure during rising markets with built-in risk management strategies seeking to limit losses during sustained market declines.
• Created to help you construct more efficient portfolios that may complement U.S. Small Cap equity positions.

The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1-888-316-8077.

The fund's NAV equals its total assets less any liabilities, divided by the number of shares outstanding.

YTD (Year to Date) is a period, starting from the beginning of the current calendar year, and continuing up to the present day.

Total Return represents changes to the NAV and accounts for distributions from the fund.

Market Price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

Past performance is not indicative of future results.

Expense Ratio as expressed in the ETF's prospectus.

The Primary Benchmark of the DeltaShares S&P 600 Managed Risk ETF is the S&P SmallCap 600®. The S&P SmallCap 600® is composed of small-capitalization U. S. equities. The S&P U.S. Treasury Bond Current 5-Year Index is a one-security index comprising the most recently issued 5-year U.S. Treasury note or bond. The S&P U.S. Treasury Bill 0-3 Month Index is designed to measure the performance of U.S. Treasury bills maturing in 0 to 3 months. The Underlying Index is the S&P 600 Managed Risk 2.0 Index and is designed to simulate a portfolio that dynamically adjusts its allocations across the S&P SmallCap 600® (the “Equity Index”), the S&P U.S. Treasury Bond Current 5-Year Index (the “Treasury Bond Index”) and the S&P U.S. Treasury Bill 0-3 Month Index (the “T-Bill Index”).

Synthetic put option is a replication strategy that requires a cash or futures position, in this case a combination of the underlying equity and bond indices (long and short tenor), that has the same cash flow properties as the put option. This “replicated” put needs to be financed by the strategy itself and involves no extra cost.

Fund Risks

Investing involves risk, including the possible loss of principal. There is no guarantee the fund's investment strategies will be successful. Small capitalization companies may be more at risk than larger capitalization companies because, among other things, they may have limited product lines, operating history, market or financial resources, or because they may depend on limited management groups. The prices of securities of small capitalization companies generally are more volatile than those of larger capitalization companies. The market prices of fixed-income securities may go up or down, sometimes rapidly and unpredictably, due to general market conditions, such as real or perceived adverse economic or political conditions, inflation, changes in interest rates, lack of liquidity in the bond markets or adverse investor sentiment. As the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. The use of hedging and derivatives may produce disproportionate gains or losses, may increase costs, and amplify risks.

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