Disclaimers

 

Disclaimers
Securities in Emerging and Frontier markets can be volatile and involve a high degree of risk and continued favorable economic growth may not translate to positive fund performance.  Diversification does not guarantee favorable investment results.

Emerging markets are subject to greater market volatility, lower trading volume, political and economic instability, uncertainty regarding the existence of trading markets and more governmental limitations on foreign investment than more developed markets.

In addition, Frontier financial markets, markets in the earliest stages of development, may be impacted by political instability, war, terrorist activities and religious, ethnic and/or socioeconomic unrest. These and other factors make investing in frontier market countries significantly riskier than investing in developed market or Emerging markets, emerging market countries.

Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the Fund’s investment and the value of your shares. Because the Fund’s NAV is determined in U.S. dollars, the Fund’s net asset value (“NAV”) could decline if the currency of the non-U.S. market in which the Fund invests depreciates against the U.S. dollar, even if the value of the Fund’s holdings, measured in the foreign currency, increases. Currency exchange rates can be very volatile and can change quickly and unpredictably.

Forecasts are no guarantee of future results and favorable GDP growth may not necessarily translate to favorable market performance.

Favorable demographic growth does not guarantee favorable fund performance.

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized

Before investing carefully consider the Fund’s investment objective, risks, charges, and expenses contained in the prospectus available at www.dawnglobal.com Read Carefully before investing.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by visiting www.emqqetf.com. Read the prospectus carefully before investing

Risk Information

Investing involves risk, including the possible loss of principal. Investments in smaller and mid-sized companies typically exhibit higher volatility. The fund is non-diversified. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Frontier markets generally have less developed capital markets than traditional emerging market countries, and, consequently, the risks of investing in foreign securities are magnified in such countries. These countries are subject to potentially significant political, social and economic instability, which could materially and adversely affect the companies in which the Fund may invest. The Fund invests in the securities of Internet Companies, including internet services companies and internet retailers, and is subject to risk that market or economic factors impacting technology companies and companies that rely heavily on technology advances could have a major effect on the value of the Fund’s investments.

There is no guarantee that the Fund or the index will achieve its investment objective.

Exchange Traded Concepts, LLC serves as the investment advisor, and Kingsway Capital Partners Limited serves as a sub advisor to the Fund. The Fund is distributed by Foreside, which is not affiliated with Exchange Traded Concepts, LLC or Kingsway Capital Partners Limited. Dawn Global Management Limited acts as the Fund’s Sponsor and is an appointed representative of Kingsway Capital Partners Limited. Check the background of Foreside on FINRA’s BrokerCheck.

Social Media Disclosure

DawnGlobal social media accounts are run by Maurits Pot or other employees. Social media posts are not necessarily the opinion of Dawn Global as a whole or any endorsement for the CUBS ETF. As a thematic investor, Dawn Global and its related persons (including Maurits Pot), use conversations via social media as part of its investment research process. As a result, Dawn Global and clients as well as its related persons such as Maurits Pot may (but do not necessarily) have financial interests in securities or issuers that are discussed. However, any discussion of securities or issuers by Dawn Global or CUBS ETF or Maurits Pot in such conversations is not a recommendation to buy, sell or hold any particular security. For a list of all purchases and sales made by Dawn Global or CUBS ETF for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list.

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*Neither Dawn Global, Kingsway Capital nor CUBS ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.