BUZZ US SENTIMENT LEADERS ETF Quarterly Scorecard NYSE ARCA. Powered by Artificial Intelligence. Quarterly Scorecard 4 th Quarter 2017 what s INSIDE

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1 BUZZ US SENTIMENT LEADERS ETF Quarterly Scorecard BUZ NYSE ARCA Powered by Artificial Intelligence ETF Stats Ticker: BUZ Underlying Index: BUZZ Listing Exchange: NYSE Arca CUSIP: 00162Q 494 Fund Inception: April 18, 2016 Gross Expense Ratio: 0.75% Investment Objective The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the BUZZ NextGen AI US Sentiment Leaders Index. Top 10 Holdings^ AMZN US 3.04% PYPL US 3.03% FB US 3.03% MSFT US 3.02% NVDA US 3.01% GOOGL US 3.00% T US 2.97% AAPL US 2.95% SQ US 2.95% AMAT US 2.93% ^ Future holdings are subject to change. Contact Info Quarterly Scorecard 4 th Quarter 2017 what s INSIDE PERFORMANCE & CHARACTERISTICS At the conclusion of Q4 2017, the Buzz US Sentiment Leaders ETF (NAV) closed at $31.86, up 6.04% for the quarter, underperforming the S&P 500 s (SPX) gain of 6.64%. BUZ closed 2017 up 22.00% outperforming the S&P 500 s return of 21.83% SECTOR ANALYSIS The top performing sector in BUZ for Q was Materials (+19.99%). The worst performing sector was Telecommunication Services (-11.35%). CONSTITUENT ANALYSIS For the quarter, total return was positive for 72 constituents, and negative for 38. Valeant Pharmaceuticals International INC (VRX) had the highest total return of %, while the worst contributor was Celgene Corp (CELG) down 28.43%. LONG TERM PERFORMANCE as of 12/31/17 Cumulative 1 Month 3 Month 6 Month YTD Since Inception 1 Year Annualized Since Inception 1 BUZZ US Sentiment Leaders ETF (Net Asset Value) 0.76% 6.04% 13.60% 22.00% 28.08% 22.00% 15.63% BUZZ US Sentiment Leaders ETF (Market Price) % 6.17% 13.63% 21.94% 28.16% 21.94% 15.67% BUZZ NextGen AI US Sentiment Leaders Index - Total Return 0.81% 6.16% 13.87% 22.59% 29.07% 22.59% 16.15% Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call or visit for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. 1 Fund inception date of 4/18/ Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times

2 PERFORMANCE BUZ One Year Performance (NAV) $34 12/18/17 High $32.63 $32 $30 $28 $26 $24 12/30/16 Low $26.23 $22 12/31/16 1/31/17 2/28/17 3/31/17 4/30/17 5/31/17 6/30/17 7/31/17 8/31/17 9/30/17 10/31/17 11/30/17 12/31/17 BUZ NAV 50 Day Moving Average 100 Day Moving Average Source: Bloomberg NAV returns as of 12/31/17. Past performance is not indicative of future results. INDEX CHARACTERISTICS Fundamentals & Risk Profile BUZ SPX Description BUZ SPX Dividend Yield 1.33% 1.89% Price to Earnings Ratio Max Market Cap (Million $) $860,882 $860,882 Price to Earnings Ratio using FY1 Est Min Market Cap (Million $) $5,286 $3,422 Price to Earnings Ratio using FY2 Est Total Market Cap (Agg, Million $) $10,060,887 $25,107,134 Price to Book Ratio Weighted Avg. Market Cap (Agg, Million $) $184,653 $197,095 Price to Sales Ratio Market Cap Breakdown BUZ SPX Price to Cash Flow Ratio Large Cap (> $10B) 88.44% 97.93% Beta 1.3 Mid Cap ($2 - $10B) 11.56% 2.07% Volatility 14.33% 9.83% Small Cap (<$2B) 0.00% 0.00% *Bloomberg data as of 12/31/17. Beta is to the S&P 500 Index.

3 ALLOCATIONS Geography Sector Market Cap U.S % Information Technology % Consumer Discretionary % Health Care % Consumer Staples % Telecommunication Services % Financials % Industrials % Materials % Energy % Large (>$10B) % Medium ($2 -$10B) % Small (<$2B) % SECTOR ATTRIBUTION - Q Total attribution was negative for the quarter. Selection effect was the primary detractor to performance relative to the S&P, with securities in Telecom and Information Technology performing the worst. Securities in Health Care and Consumer Staples outperformed and contributed the most to return for the quarter. Avg % Wgt Contribution to Return Total Return Total Attribution Allocation Selection Port Bench +/- Port Bench +/- Port Bench +/- (Alpha) (%) Effect (%) Effect (%) Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology Materials Real Estate Telecommunication Services Utilities Totals Past performance is not indicative of future results. Subject to change.

4 CONSTITUENT ANALYSIS Top/Bottom 20 Constituent Contribution to Return VALEANT PHARMACEUTICALS INTE (VRX US) TWITTER INC (TWTR US) KROGER CO (KR US) FREEPORT-MCMORAN INC (FCX US) WAL-MART STORES INC (WMT US) UNIVERSAL DISPLAY CORP (OLED US) EXELIXIS INC (EXEL US) QUALCOMM INC (QCOM US) INTEL CORP (INTC US) AMAZON.COM INC (AMZN US) NIKE INC -CL B (NKE US) SQUARE INC - A (SQ US) BANK OF AMERICA CORP (BAC US) BOEING CO/THE (BA US) HOME DEPOT INC (HD US) CATERPILLAR INC (CAT US) MICROSOFT CORP (MSFT US) MATTEL INC (MAT US) PAYPAL HOLDINGS INC (PYPL US) UNITED CONTINENTAL HOLDINGS (UAL US) PRICELINE GROUP INC/THE (PCLN US) LAM RESEARCH CORP (LRCX US) AMGEN INC (AMGN US) SCHLUMBERGER LTD (SLB US) ALBEMARLE CORP (ALB US) ELECTRONIC ARTS INC (EA US) TESLA INC (TSLA US) INCYTE CORP (INCY US) ULTA BEAUTY INC (ULTA US) CVS HEALTH CORP (CVS US) GILEAD SCIENCES INC (GILD US) SKYWORKS SOLUTIONS INC (SWKS US) MERCK & CO. INC. (MRK US) ADVANCED MICRO DEVICES (AMD US) SNAP INC - A (SNAP US) SPRINT CORP (S US) CENTURYLINK INC (CTL US) GENERAL ELECTRIC CO (GE US) UNDER ARMOUR INC-CLASS A (UAA US) CELGENE CORP (CELG US) -30% -20% -10% 0% 10% 20% 30% 40% 50% Past performance is not indicative of future results. Subject to change.

5 Important Disclosures & Definitions An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contain this and other information please contact your financial professional or call Read the prospectus carefully before investing. Buzz US Sentiment Leaders ETF shares are not individually redeemable. Investors buy and sell shares of the Buzz US Sentiment Leaders ETF on a secondary market. Only market makers or authorized participants may trade directly with the Fund, typically in blocks of 50,000 shares. The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. Investing in companies based on social media analytics involves the potential for market manipulation because social media posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a stock or other investment. Text and sentiment analysis of social media postings may prove inaccurate. The underlying index is rebalanced on a monthly basis and a higher portfolio turnover will cause the Fund to incur additional transaction costs. Funds that emphasize investments in small/mid cap companies will generally experience greater price volatility. There are risks involved with investing in ETFs including the loss of money. Diversification does not eliminate the risk of experiencing investment losses. The Buzz US Sentiment Leaders ETF is a new product with a limited operating history. ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Buzz US Sentiment Leaders ETF. An investor cannot invest directly in an index. The fund s name changed on 3/31/2017 from Sprott BUZZ Social Media Insights ETF to BUZZ US Sentiment Leaders ETF. The Underlying Index was created by BUZZ Indexes Inc. ( Index Provider ) to provide a means of generally tracking the performance of a select subset of U.S. companies which are selected by analyzing unstructured data from the social media landscape with the intention to identify those stocks which rank highest in terms of bullish perception and breadth of discussion. The methodology factors insights based on brand and investor perception while incorporating user reliability and influence considerations. Insight scores can be positive or negative. The 75 companies with the highest positive insight rankings, which meet certain market capitalization and average daily trading volume requirements will be selected for inclusion in the Underlying Index and will be weighted based on a proprietary scoring model. Should fewer than 75 constituents have positive insight scores, the Index Provider will include in the Underlying Index all companies from the Index Universe which exhibit positive insights scores and will include additional constituents in the Index by selecting from the Index Universe those companies which exhibit the least negative insight scores until 75 constituents are identified for inclusion in the Underlying Index. S&P 500: The Standard & Poor s composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices. Price to Book Ratio: a financial ratio used to compare a company s current market price to its book value. Price to Cash Flow: A measure of the market s expectations of a firm s future financial health. Price to Earnings Ratio: an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Price to Sales: A ratio for valuing a stock relative to its own past performance, other companies or the market itself. Volatility: A statistical measure of the dispersion of returns for a given security or market index BUZ /30/18