Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please visit MIGcapitalETF.com. Read the prospectus or summary prospectus carefully before investing.
The Fund is not diversified. Products of companies in which technology funds invest may be subject to severe competition and rapid obsolescence. The communication services sector may be concentrated in a small number of companies, which can increase volatility. These companies face risks from rapid technological change, intense competition, pricing pressure, high research and capital costs, and government regulation. Profitability may be affected by changing consumer demand, regulatory delays or changes, and cybersecurity threats such as data breaches or service disruptions.
The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.
Because the Fund is new, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders. Such liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation.
The Funds are distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA 19456). Exchange Traded Concepts, LLC serves as the investment adviser to the Fund and MIG Capital, LLC serves as the sub-adviser to the Fund. SEI is not affiliated with Exchange Traded Concepts, LLC, MIG Capital, LLC, or any of their affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.
Investing involves risk, including possible loss of principal. There is no guarantee the Funds will achieve their stated investment objectives.