The Fund invests primarily in securities comprising the Index. The Index was designed by CT Investments, Inc. (the Index Provider) to measure the performance of KPOP and Korean Entertainment Companies (as defined below). Under normal circumstances, the Fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in securities of KPOP and Korean Entertainment Companies. The Fund employs a passive management investment strategy designed to track the performance of the Index. Exchange Traded Concepts, LLC (the 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 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. 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 percent or better. A figure of 100 percent would indicate perfect correlation.