Diversification does not assure a profit or protect against a loss in a declining market.
The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general.
Carefully consider the Funds' investment objectives, risks, charges and expenses before investing. This and additional information can be found in the statutory and summary prospectus. A free, hardcopy of the statutory and summary prospectus may be obtained by calling 202-349-3917. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
The Funds are distributed by Quasar Distributors, LLC.