Before investing you should carefully consider the Funds’ investment objectives, risks, charges and expenses. This and other information is in the prospectus which can be obtained within this site. Please read the prospectus carefully before you invest.

The Funds are subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of their respective Index, known as non-correlation risk, due to operating expenses incurred by the Fund. The Funds may invest in small and medium sized companies which involve greater risk than is customarily associated with investing in more established companies. The Funds are non-diversified and as a result may be more volatile than a diversified fund because the Funds may invest in a smaller number of issuers. The Funds are subject to concentration risk due to their concentration in a particular industry meaning the Funds are more susceptible to any single economic, market, or political event affecting the Funds chosen industry class. An investment in the Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

This site shall not be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Moreover, information on this site shall not be construed as investment, tax, financial or legal advice.

Concerning the FocusShares ISE Homebuilders Index Fund, residential construction companies and prefabricated house manufacturers whose stocks are held by the FocusShares ISE Homebuilders Index Fund are subject to a variety of risks, and may be significantly affected by the national, regional and local real estate markets. The building industry is also sensitive to interest rate fluctuations which can cause changes in the availability of mortgage capital and directly affect the purchasing power of potential homebuyers. This industry can be significantly affected by changes in government spending, consumer confidence, demographic patterns and the level of new and existing home sales.

Stocks of companies held in the FocusShares ISE SINdex Fund, such as companies in the tobacco, alcohol and gaming industries, may be subject to the risks related to frequent and extensive litigation as well as risks related to regulatory and legislative action, which may affect the profitability of companies in these industries.

The companies whose stocks are held by the FocusShares ISE-CCM Homeland Security Index Fund, such as companies in the defense and weapons industries, may be adversely affected by changes in economic and political conditions, as well as legislative initiatives, all of which may negatively affect the profitability of companies in those industries.

The companies whose stocks are held by the FocusShares ISE-Revere Wal-Mart Supplier Index Fund may be significantly affected by the performance of the overall economy, interest rates, competition, consumer confidence and the underlying performance of Wal-Mart Stores, Inc. The profitability of these companies may depend heavily upon disposable household income and consumer spending. Changes in demographics and consumer tastes may also affect the demand for, and success of, consumer discretionary products.

The Funds are newly organized, have no trading history, and there can be no assurance that active trading markets for the Funds will develop or be maintained.