InfraCap MLP ETF

INVESTMENT OBJECTIVE

The InfraCap MLP ETF (the Fund) seeks total return to shareholders
through capital appreciation, a high level of current income, and steady
growth in the income stream.

As of 9/30/14

FUND INFORMATION
Inception Date

10/1/2014

Ticker Symbol

AMZA

CUSIP

26923G103

Listing Exchange

NYSE Arca

Total Expenses

0.95%

IOPV Symbol

AMZA.IV

These companies are principally involved in the gathering, processing,

transportation, and storage of crude oil, natural gas, natural gas liquids,
and refined products. These volume based, toll-road businesses
typically generate and distribute substantial cash flow to their owners
and represent a largely commodity insensitive investment in the
domestic energy revolution.

NAV Symbol

AMZA.NV

Tax features of the Fund include 1099 tax reporting (no K-1s), qualified
dividend potential, and quarterly income distributions. The fund is
eligible for ownership in IRAs, in 401Ks, and by foreign investors.

Adviser

Etfis Capital LLC

Sub-Adviser

Infrastructure
Capital Advisors,
LLC

Distributor

ETF Distributors
LLC

Custodian

BNY Mellon

FUND DESCRIPTION

The Fund is an actively managed exchange-traded fund invested in the

US midstream energy infrastructure sector. The Fund invests in equity
securities of publicly-traded master limited partnerships and limited
liability companies taxed as partnerships (MLPs) as well as related
general partners.

IOPV, or Indicative Optimized Portfolio Value, is a

calculation disseminated by the stock exchange
that approximates the Funds NAV every fifteen
seconds throughout the trading day.

FUND MANAGEMENT

INVESTMENT STRATEGY

The fund is structured to leverage the benefits of active management

and proprietary internal research. Weightings are based on estimated
total return and company fundamentals instead of market capitalization.

INVESTMENT MANAGEMENT

The Fund is actively-managed and is sub-advised by Infrastructure

Capital Advisors, LLC, an SEC-registered investment advisor formed in
2012 and based in New York City. The company seeks total-return
opportunities in key infrastructure sectors including energy, real estate,
transportation, industrials, and utilities.
The Funds Portfolio Manager, Jay D. Hatfield, has served as portfolio
manager for the Fund since the inception of the Funds operations and is
primarily responsible for the day-to-day management of the Fund. Mr.
Hatfield has extensive experience advising and investing in domestic
energy infrastructure companies. His background as a co-founder and
general partner of a NYSE-listed MLP, a hedge fund manager focused on
the energy and utility sectors, and a Morgan Stanley utility and energy
infrastructure investment banker provides him a unique perspective on
the fund's target investment universe.

2014 ETF Distributors LLC. All rights reserved.

TOP 10 HOLDINGS
Kinder Morgan Energy Prtnrs

9.4%

Markwest Energy Partners

7.5%

Magellan Midstream Partners

7.1%

Plain All Amer Pipeline LP

6.8%

Enterprise Products Partners

6.4%

Energy Transfer Partners LP

5.9%

Buckeye Partners LP

5.7%

Access Midstream Partners LP

5.1%

Sunoco Logistics Partners LP

4.5%

Targa Resources Partners LP

3.6%

InfraCap MLP ETF

Quarter End
Performance

Quarter

YTD

1 Yr.

3 Yr.

As of 9/30/14

5 Yr.

10 Yr.

Since
Inception

Fund
Performance
NAV

The fund is new and does not have a performance history.

Market Price

Past performance is not a guarantee of future

results and current performance may be
higher or lower than performance quoted. The
fund is new and does not have a performance
history. Investment returns and principal value
will fluctuate and shares when sold or
redeemed may be worth more or less than
their original cost. You can obtain performance
information which is current through the most
recent month-end by visiting infracapmlp.com.

You should consider the funds investment objectives, risks, and charges and expenses carefully before investing. Contact ETF
Distributors LLC at1-888-383-4184or visitwww.infracapmlp.comto obtain a prospectus which contains this and other information
about the fund. The prospectus should be read carefully before investing.
An investment in the Fund is subject to investment risks; therefore you may lose money by investing in the Fund. There can be no
assurance that the Fund will be successful in meeting its investment objective. Shares of any ETF are bought and sold at market
price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused
investments typically exhibit higher volatility.
The fund is subject to management risk because it is an actively managed portfolio. In managing the fund's investment portfolio,
the sub-adviser will apply investment techniques and risk analyses that may not have the desired result. There can be no
guarantee that the fund will meet its investment objectives.
Investments in securities of MLPs involve risks that differ from investments in common stock including risks related to limited
control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and
the MLPs general partner and cash flow risks. MLP common units and other equity securities can be affected by macro-economic
and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards MLPs or the
energy sector, changes in a particular issuers financial condition or unfavorable or unanticipated poor performance of a
particular issuer (in the case of MLPs, generally measured in terms of distributable cash flow). Prices of common units of
individual MLPs and other equity securities also can be affected by fundamentals unique to the partnership or company,
including earnings power and coverage ratios.
The Fund invests primarily in energy infrastructure companies. Energy infrastructure companies are subject to risks specific to
the industry they serve including, but not limited to: reduced volumes of natural gas or other energy commodities available for
transporting, processing or storing; new construction risks and acquisition risk which can limit growth potential; a sustained
reduced demand for crude oil, natural gas and refined petroleum products resulting from a recession or an increase in market
price or higher taxes; changes in the regulatory environment; extreme weather; rising interest rates which could result in a higher
cost of capital and drive investors into other investment opportunities; and threats of attack by terrorists.
A fund concentrated in a single industry or sector, such as the energy infrastructure sector, is likely to present more risks than a
fund that is broadly diversified over several industries or sectors. Compared to the broad market, an individual industry or sector
may be more strongly affected by changes in the economic climate, broad market shifts, moves in a particular dominant stock or
regulatory changes. Because the Fund focuses on investing in MLPs in the energy infrastructure sector, adverse events or economic
changes that disproportionately affect the energy sector as a whole or parts thereof will have an adverse effect on the Fund.
The Fund is taxed as a corporation for federal income tax purposes. This differs from most investment companies, which elect to
be treated as regulated investment companies under the Code in order to avoid paying entity level income taxes.
Etfis Capital LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the sub-advisor to the fund.
The Fund is distributed by ETF Distributors LLC, an affiliate of Etfis Capital LLC.

Not FDIC Insured | Not Bank Guaranteed | May Lose Value