BUZ NYSE ARCA. Powered by Artificial Intelligence. BUZZ US SENTIMENT LEADERS ETF June 2018 Monthly Index Rebalance OUT SUMMARY OF CHANGES

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1 Z US SENTIMENT LEADERS ETF Powered by Artificial Intelligence SUMMARY OF CHANGES IN salesforce.com Inc Palo Alto Networks Inc Sprint Corp Costco Wholesale Corp Macy s Inc Target Corp NIKE Inc Splunk Inc Adobe Systems Inc Broadcom Inc Chipotle Mexican Grill Inc TJX Cos Inc/The Take-Two Interactive Software Foot Locker Inc Best Buy Co Inc Lowe s Cos Inc FedEx Corp Valero Energy Corp United States Steel Corp General Motors Co Analog Devices Inc Kroger Co/The Ulta Beauty Inc CRM PANW S COST M TGT NKE SPLK ADBE AVGO CMG TJX TTWO FL BBY LOW FDX VLO X GM ADI KR ULTA OUT Booking Holdings Inc First Solar Inc Caterpillar Inc Lockheed Martin Corp McDonald s Corp American Express Co T-Mobile US Inc Baxter International Inc Mastercard Inc CSX Corp Chevron Corp UnitedHealth Group Inc GrubHub Inc XPO Logistics Inc Starbucks Corp Raytheon Co Eaton Corp PLC Biogen Inc Citigroup Inc Agilent Technologies Inc Coca-Cola Co/The Exelixis Inc Philip Morris International In BKNG FSLR CAT LMT MCD AXP TMUS BAX MA CSX CVX UNH GRUB XPO SBUX RTN ETN BIIB C A KO EXEL PM 1/6

2 Z US SENTIMENT LEADERS ETF STOCK SPOTLIGHT 2018 Performance Attribution As the half-way mark of 2018 approaches, we take a deeper dive into the drivers of the Z NextGen AI U.S. Sentiment Leaders Index ( Z ) year-to-date performance. We compare the relative performance of Z to the benchmark S&P 500 Index ( S&P 500 ) noting that Z has outperformed the benchmark by 12.6% through the June rebalance date. Throughout 2018 positive investor sentiment has proved to be a leading performance indicator across the large cap U.S. equity market. The combination of continued growth of investment related discussion across online platforms, together with increasing equity market volatility, has led to higher than typical levels of turnover within the Z Index. So far in 2018, the Z Index has seen an average of 23 names change during each monthly rebalance. An increase in the universe of eligible stocks resulting from continued growth in online discussion has likely been a positive contributing factor the positive outperformance of Z relative to the S&P 500. Drilling into the stocks that have contributed to the 2018 outperformance, we note that the top 5 contributors collectively represent 8.2% of the total 12.6% outperformance. Those stocks include Square, Twitter, Netflix, Advanced Micro Devices and Micron Technologies. XPO Logistics XPO Logistics ( XPO ) is an interesting case study of a stock that made a brief appearance in the Z Index as a result of the increasing universe of stocks meeting the eligible criteria for inclusion in the index. XPO provides logistics services, offering expedited airfreight forwarding, warehousing management, drayage, freight brokerage, intermodal, transportation, and reverse logistics. XPO serves customers throughout North America. XPO crossed the USD $5B market cap threshold for eligible inclusion in the Z Index in January, 2017; however, it wasn t until the April, 2018 quarterly universe rebalance that XPO met the minimum number of broad mentions to be included in the list of stocks eligible for inclusion within the Z Index. As the stock continued to rally during 2018, investor sentiment grew alongside such that XPO was included in the Z Index for the first time during the May, 2018 rebalance. The following month XPO rallied 5.5%. The positive investor sentiment proved short-lived, with XPO coming out of the Z Index during the current June rebalance. Sentiment in the stock has proven prescient, as the stock has fallen nearly 8% since being removed from the index. SECTOR COMPARISON SECTOR MAY 2017 INDEX WEIGHT (%) JUNE 2018 INDEX WEIGHT (%) Consumer Discretionary Consumer Staples Energy Financial Services Health Care Industrials Information Technology Materials Telecommunication Services Utilities /6

3 Z US SENTIMENT LEADERS ETF TOP U.S. STOCKS DISCUSSED ACROSS ONLINE PLATFORMS TOP FIVE POSITIVELY TRENDING STOCKS IN THE INDEX Micron Technology Inc MU Walt Disney Co/The DIS Tesla Inc TSLA Snap Inc SNAP salesforce.com Inc CRM BOTTOM FIVE NEGATIVELY TRENDING STOCKS NOT IN THE INDEX McDonald s Corp MCD Lockheed Martin Corp LMT Caterpillar Inc CAT Booking Holdings Inc BKNG American Express Co AXP INDEX FUNDAMENTALS 1.3% 19.2 Dividend Yield P/E Ratio $188.3B Average Market Cap $5.5B Smallest Market Cap 3/6 $911.6B Largest Market Cap

4 Z US SENTIMENT LEADERS ETF The Z NextGen AI US Sentiment Leaders Index identifies the 75 most bullish U.S. stocks based on investment insights derived from the vast content generated across online platforms. Millions of unique stock-specific data points aggregated from online sources including social media, news articles and blog posts are processed on a monthly basis. The data is filtered through an analytics model which utilizes Natural Language Processing Algorithms and Artificial Intelligence applications. HOW IT WORKS: 1. Where s the Z? First, from a defined investment universe of U.S. stocks, the Z Index targets the most mentioned stocks discussed across online platforms. 2. What s the Z? The Z Index looks at what the online community is saying about these most-mentioned stocks and whether the Z is positive, negative or neutral on a collective basis. 3. Who is creating the Z? The Z Index pinpoints influencers within the online community and identifies whose tweets and posts are most likely to impact collective opinion. It also identifies and scores which members of the online community have historically been the most successful in their forecasting accuracy. 4/6

5 Z US SENTIMENT LEADERS ETF INDEX HOLDINGS WEIGHT (%) Advanced Micro Devices Inc 3.00% Micron Technology Inc 3.00% Walt Disney Co/The 3.00% Twitter Inc 3.00% Tesla Inc 3.00% Amazon.com Inc 3.00% NVIDIA Corp 3.00% Apple Inc 3.00% Valeant Pharmaceuticals Intern 3.00% Square Inc 3.00% Microsoft Corp 3.00% Snap Inc 3.00% Facebook Inc 2.86% General Electric Co 2.40% Walmart Inc 2.36% Netflix Inc 2.30% Applied Materials Inc 2.17% AT&T Inc 2.07% salesforce.com Inc 1.72% PayPal Holdings Inc 1.62% Bank of America Corp 1.57% Discover Financial Services 1.56% Celgene Corp 1.50% Alphabet Inc 1.44% Cisco Systems Inc 1.32% Gilead Sciences Inc 1.29% Boeing Co/The 1.28% Nutanix Inc 1.21% Intel Corp 1.09% Ford Motor Co 1.08% Visa Inc 1.07% Home Depot Inc/The 1.01% Palo Alto Networks Inc 0.96% Sprint Corp 0.94% Costco Wholesale Corp 0.94% Exxon Mobil Corp 0.93% Macy s Inc 0.91% Wynn Resorts Ltd 0.90% Goldman Sachs Group Inc/The 0.86% WEIGHT (%) Target Corp 0.86% NIKE Inc 0.85% JPMorgan Chase & Co 0.82% Splunk Inc 0.82% Under Armour Inc 0.81% Adobe Systems Inc 0.81% Align Technology Inc 0.79% Symantec Corp 0.79% Broadcom Inc 0.78% Pfizer Inc 0.77% Electronic Arts Inc 0.74% Chipotle Mexican Grill Inc 0.73% Lam Research Corp 0.72% TJX Cos Inc/The 0.72% Take-Two Interactive Software 0.71% Intuitive Surgical Inc 0.68% Verizon Communications Inc 0.68% Foot Locker Inc 0.68% Best Buy Co Inc 0.68% ebay Inc 0.67% Activision Blizzard Inc 0.65% Lowe s Cos Inc 0.65% Merck & Co Inc 0.64% QUALCOMM Inc 0.64% FedEx Corp 0.63% International Business Machine 0.63% Valero Energy Corp 0.63% United States Steel Corp 0.60% Comcast Corp 0.60% General Motors Co 0.57% Analog Devices Inc 0.57% CVS Health Corp 0.57% Kroger Co/The 0.56% Ulta Beauty Inc 0.56% Bristol-Myers Squibb Co 0.52% AbbVie Inc 0.51% Total: /6

6 Z US SENTIMENT LEADERS ETF 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. Z US Sentiment Leaders ETF shares are not individually redeemable. Investors buy and sell shares of the Z 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 ability to invest based on artificial intelligence analytics is relatively new and untested. The Fund may invest a significant portion of its assets in securities issued by companies in the information technology sector in order to track the Underlying index s allocation to that sector. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized. 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. Funds that emphasize investment in small/mid cap companies will generally experience grater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. Defined investment universe of US stocks in order to be eligible for inclusion in the Underlying Index, a company s stock must be traded on one or more major U.S. exchanges, have a minimum market capitalization of at least $5 billion, and have a 3 month minimum average daily trading volume of $1 million. Investing in companies based on artificial intelligence analytics involves the potential for market manipulation because online 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 online postings may prove inaccurate; that is, high positive sentiment may not correlate with positive change in the value of a company s stock. Natural language processing (NLP) deals with the application of computational models to text or speech data. NLP algorithms can be used in Sentiment analysis to identify and extract subjective information in source materials. Sentiment analysis is widely applied to reviews and other online content for a variety of applications, ranging from marketing to customer service. Artificial intelligence (AI) is the intelligence exhibited by machines or software. One of the central problems (or goals) of AI research include natural language processing (communication). Online Platforms, as it relates to the ETF, refers to social media, news articles and blog posts. Some examples of social media sites may include, but are not limited to, the following: Facebook, Twitter, LinkedIn, StockTwits, blogs, Investopedia, stock forums, etc. Online community refers to the users of the online sites. Fundamental Analysis is a method of evaluating a security that entails attempting to measure its intrinsic value by examining related economic, financial and other qualitative and quantitative factors ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Z US Sentiment Leaders ETF. 6/ /31/2018