Filed pursuant to Rule 497(e) and 497(k)
File Nos. 811-22310; 333-182274
Supplement dated March 27, 2020 to the
Prospectus
each dated January 31, 2020 of the
ETFMG Prime Junior Silver Miners ETF (SILJ)
ETFMG Prime Cyber Security ETF (HACK)
ETFMG Prime Mobile Payments ETF (IPAY)
ETFMG Alternative Harvest ETF (MJ)
BlueStar Israel Technology ETF (ITEQ)
Etho Climate Leadership U.S. ETF (ETHO)
ETFMG Video Game Tech ETF (GAMR)
AI Powered Equity ETF (AIEQ)
Prospectus
dated January 31, 2020, as previously supplemented, of the
ETFMG Drone Economy Strategy ETF (IFLY)
Prospectus
dated February 10, 2020 of the
ETFMG Travel Tech ETF (AWAY)
Prospectus
dated June 24, 2019, as previously supplemented, of the
ETFMG Sit Ultra Short ETF (VALT)
(each, a “Fund”, and collectively, the “Funds”)
Effective immediately, for each Fund except AIEQ and VALT, the following disclosure is added to the "Principal Investment Strategies" section -
The Fund rebalances its portfolio in accordance with its Index, and, therefore, any changes to the Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.
Effective immediately, for each Fund except AIEQ and VALT, the following disclosure is added to the "Principal Risks - Passive Investment Risk" section -
Unlike with an actively managed fund, the Adviser does not use techniques or defensive strategies designed to lessen the effects of market volatility or to reduce the impact of periods of market decline. This means that, based on market and economic conditions, the Fund’s performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline.
Effective immediately, for each Fund, the following disclosure is added to the "Principal Risks" section -
Natural Disaster/Epidemic Risk. Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries, including the U.S. Any such events could have a significant adverse impact on the value of the Fund’s investments.
Effective immediately, for each Fund except VALT, the following disclosure is added to the "Principal Risks - Equity Mark Risk" -
Additionally, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or other events could result in increased premiums or discounts to the Fund’s NAV.
Please retain this Supplement with your Summary Prospectus and Prospectus.