James Biblically Responsible Investment (JPBI) 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 a portfolio of large and mid-capitalization U.S. stocks of biblically responsible issuers, as determined by S-Network Global Indexes, Inc. (the "Index Provider").   The companies included in the Index are selected from the universe of companies represented by the eVALUEator Biblically Responsible Index ("BIBLX"), an index which uses a rules-based, biblically responsible screening tool developed by eVALUEator Services, LLC ("eVALUEator") to determine BIBLX constituents. BIBLX is composed of companies that, of the 1000 largest companies by capitalization listed in the U.S., are not involved in practices and products the Index Provider deems objectionable from a biblical perspective, including abortion, entertainment (i.e., companies with products or practices that promote sexually graphic, violent, profane material; glorify the use of drugs and alcohol; or create propaganda or content intended to undermine positive family values parents are trying to instill in their children), pornography, lifestyle (i.e., companies with products or practices that promote gay, lesbian, bisexual, transgender/transsexual, or questioning lifestyles, including through advertisements or marketing campaigns targeted to those with such lifestyles), alcohol, rights (i.e., companies that use methods to support terrorist organizations, undermine human rights, undermine workers' rights, or persecute Christians), tobacco, and gambling. eVALUEator's rules-based screens identify companies that are involved in such practices and products and excludes them from the BIBLX.   To create the Index, each of the companies included in BIBLX is assigned a score determined pursuant to a proprietary, rules-based stock ranking model developed and applied by James Investment Research, Inc., which score is derived from multiple data inputs used to measure a company's valuation, profitability, and price momentum. The 100 companies with the highest scores are included in the Index. Index constituents are monitored on an ongoing basis to identify changes to business practices that may disqualify a company from inclusion in the Index. Securities of disqualified companies are divested from the Index monthly if, during that month, such companies are eliminated from the BIBLX based on eVALUEator's rules-based screens, which are run against companies on an ongoing basis. The Index is reconstituted quarterly, on the third Friday of the last month of each calendar quarter. Index constituents are equally weighted at each reconstitution of the Index.   The Fund employs a "passive management" investment strategy designed to track the performance of the Index. Penserra Capital Management 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.   The Fund will concentrate its investments (i.e., invest more than 25% of its net assets) in a particular industry or group of industries to approximately the same extent that 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 information technology sector.   The Index was created in partnership with James Investment Research, Inc. (the "Sponsor") and is provided by the Index Provider. The Sponsor and the Index Provider are not affiliated with the Fund, the Adviser, or the Sub-Adviser. The Index is calculated and maintained by S-Network Global Indexes, Inc. on an end-of-day basis. Thomson Reuters PLC provides intra-day calculation and dissemination of values.