PROSPORTS SPONSORS ETF (FANZ) Exchange: BATS

DELISTED - The Fund will normally invest at least 80% of its total assets in securities of the Index. The Index is designed to measure the performance of companies which are official sponsors of the major professional football, baseball, hockey and basketball leagues in the United States (“ProSports Sponsors”) or national sports broadcasters/internet streamers with rights agreements with such leagues (“ProSports Broadcasters”).    Eligible Index constituents are common equity securities and American Depositary Receipts (“ADRs”) of ProSports Sponsors and ProSports Broadcasters or their parent companies that are traded on a U.S. or non-U.S. exchange. At the time of inclusion and rebalance, each issuer must have a market capitalization of at least $1 billion, an average daily trading volume of at least $1 million over the previous six months, and traded on 90% of the eligible trading days over the previous six months. The Index may consist of securities of both U.S. and foreign issuers, including securities of issuers located in emerging market countries. Index constituents that are ProSports Sponsors are rebalanced on the last trading day in April, September and November, consistent with the end of the month following the start of the season of each major professional sports league. Index constituents that are ProSports Broadcasters are rebalanced on the last trading day in January. All Index constituents may be rebalanced more frequently in response to specific corporate events, as determined by SportsETFs LLC (the “Index Provider”). The Index is unmanaged and cannot be invested in directly.   The Fund employs a “passive management” investment strategy designed to track the performance of the Index. Vident Investment Advisory, LLC (the “Sub-Adviser”), the Fund’s sub-adviser, generally will use a replication methodology, meaning it will invest in all of the securities composing the Index in proportion to their respective weightings in the Index. However, the Sub-Adviser may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. Exchange Traded Concepts, LLC (the “Adviser”) expects that over time, if the Fund has sufficient assets, the correlation between the Fund’s performance, before fees and expenses, and that of the Index will be 95% or better. A figure of 100% would indicate perfect correlation.   The Fund may invest up to 20% of its total assets in investments that are not included in the Index, but that the Adviser or the Sub-Adviser believes will help the Fund track the performance of the Index. Such investments include cash, cash equivalents, and money market instruments.   The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent the Index concentrates in an industry or group of industries. As of the date of this Prospectus, the Index was not concentrated in any industry. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. As of the date of this Prospectus, a significant portion of the Index consisted of companies in the consumer staples sector.   The Index Provider is not affiliated with the Fund, the Adviser, or the Sub-Adviser. The Index Provider developed the methodology for determining the securities to be included in the Index and is responsible for the ongoing maintenance of the Index. The Index is calculated and administered by Solactive AG, which is not affiliated with the Fund, the Adviser, the Sub-Adviser, or the Index Provider.