INSIGHTSHARES LGBT EMPLOYMENT EQUALITY ETF (PRID) Exchange: NYSE ARCA

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 companies with workplaces that promote and provide equality for lesbian, gay, bisexual and transgender (“LGBT”) employees, as indicated by the Human Rights Campaign Foundation™ (“HRC”)'s Corporate Equality Index® (the “CEI”). Launched in 2002, the CEI is the nationally recognized benchmarking report for businesses to gauge their level of LGBT workplace inclusion against competitors. The CEI, which is published annually, awards participating companies ratings ranging from 0 to 100 on the basis of their responses to the CEI survey, which requires companies to answer a series of questions that address the following:   ●     How the company's policies address non-discrimination against employees based on sexual orientation or gender identity; ●     The extent to which the company provides equitable benefits to LGBT workers and their families; ●     The measures the company takes to provide internal education and maintain accountability metrics to promote LGBT inclusion competency; and ●     Whether a company has made a public commitment to the LGBT community.   In addition, a company's rating takes into consideration publicly available information such as tax filings showing gifts to anti-LGBT groups and allegations or case law alleging discrimination against LGBT individuals, as well as information collected in a proprietary database maintained by the HRC. The HRC invites companies included in Fortunemagazine's list of the 1,000 largest publicly-traded businesses and American Lawyer magazine's list of the top 200 revenue grossing law firms to participate in the CEI. In addition, any private sector (non-government) employer with 500 or more full-time U.S. employees that is not owned by a larger U.S.-incorporated entity can request to participate. The CEI does not rate public sector (government) employers or businesses with fewer than 500 full-time U.S. employees.   The eligible universe of Index components includes companies that (1) are components of the Solactive US Large & Mid Cap Index; (2) are part of the HRC's CEI; (3) are listed on a U.S. regulated stock exchange as either common stock or real estate investment trusts (“REITs”); (4) have a security-level market capitalization of at least $1 billion; (5) have an average daily trading value of at least $25 million over the three month period prior to and on the date the company is selected for inclusion in the Index; and (6) have positive operating income over the prior twelve months. Companies in the eligible universe that meet the foregoing eligibility requirements and have obtained a rating of 85 or higher on the CEI point scale will be selected as final components for the Index. Index components are evaluated and adjusted on an annual basis. Index components are market capitalization weighted at each reconstitution of the Index. As of March 1, 2019, the Index comprised approximately 296 component securities.   The Fund employs a “passive management” investment strategy designed to track the performance of the Index. Vident Investment Advisory, LLC (“Vident” or the “Sub-Adviser”), the Fund's sub-adviser, generally will use a replication methodology, meaning it will invest in all of the securities comprising 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 which 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 March 1, 2019, 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 March 1, 2019, a significant portion of the Index consisted of companies in the information technology sector.   The Index was created and is provided by UBS AG (“UBS”), which is not an affiliate of the Fund, the Adviser, or the Sub-Adviser. The Index is calculated and administered by Solactive AG, which is not an affiliate of the Fund, the Adviser, the Sub-Adviser, or UBS. The Adviser has entered into a license agreement with UBS pursuant to which the Adviser pays a fee to use the Index.  The Adviser is sublicensing rights to the Index to the Fund at no charge.