Infrastructure ETFs

Infrastructure Capital exchange traded funds ("Infrastructure Capital ETFs") are available commission free to clients of Interactive Brokers LLC ("Interactive Brokers") through an agreement between Interactive Brokers and Infrastructure Capital Advisors LLC, advisor and sponsor of the Infrastructure Capital ETFs.

With an Interactive Brokers account, you can gain access via the Trader Workstation platform to commission-free trading of Infrastructure Capital ETFs. The program currently applies to the ETFs listed below. [For further information on the Interactive Brokers’ trading platforms, click here.

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City. The company seeks total return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on companies that generate and distribute substantial streams of free cash flow. Carefully consider the Fund's investment objective, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund's prospectus, which can be obtained at infracapmlp.com. Read the prospectus carefully before investing. For more information, please visit infracapmlp.com.

No offer or solicitation to buy or sell securities or futures products of any kind, or any type of recommendation or advice, is made, given or in any manner endorsed by Interactive Brokers or any of its affiliates.

Interactive Brokers receives compensation from Infrastructure Capital Advisors LLC in connection with an agreement that includes promotion of Infrastructure Capital ETFs and certain commission waivers.


Infrastructure ETFs
Symbol Fund Name Fund Description Prospectus Fact Sheet
To be announced        
Disclosures

Carefully consider each Fund's investment objective, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund's prospectus at http://www.infracapmlp.com. Please read the prospectus carefully before investing.

The commission-free trades for Infrastructure Capital ETFs must be done online via the IB Trader Workstation platform. Commission-free trades apply to all online buy and sell transactions on the Infrastructure Capital ETFs listed above. Interactive Brokers may add or waive commissions on Infrastructure Capital ETFs without prior notice. Click here for information regarding account minimums. All ETFs are subject to internal management fees and expenses.

An investment in the Fund is subject to investment risks; therefore you may lose money by investing in the Fund. There can be no assurance that the Fund will be successful in meeting its investment objective. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.

The Fund is subject to management risk because it is an actively managed portfolio. In managing the Fund's investment portfolio, the sub-adviser will apply investment techniques and risk analyses that may not have the desired result. There can be no guarantee that the Fund will meet its investment objectives.

Investments in securities of MLPs involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and the MLP's general partner and cash flow risks. MLP common units and other equity securities can be affected by macroeconomic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards MLPs or the energy sector, changes in a particular issuer's financial condition or unfavorable or unanticipated poor performance of a particular issuer (in the case of MLPs, generally measured in terms of distributable cash flow). Prices of common units of individual MLPs and other equity securities also may be affected by fundamentals unique to the issuer, including earnings power and coverage ratios.

The Fund invests primarily in energy infrastructure companies. Energy infrastructure companies are subject to risks specific to the industry they serve, including, but not limited to: reduced volumes of natural gas or other energy commodities available for transporting, processing or storing; new construction risks and acquisition risk that may limit growth potential; a sustained reduced demand for crude oil, natural gas and refined petroleum products resulting from a recession or an increase in market price or higher taxes; changes in the regulatory environment; extreme weather; rising interest rates that may result in a higher cost of capital and drive investors into other investment opportunities; and threats of attack by terrorists.

A Fund concentrated in a single industry or sector, such as the energy infrastructure sector, is likely to present more risks than a fund that is broadly diversified over several industries or sectors. Compared to the broad market, an individual industry or sector may be more strongly affected by changes in the economic climate, broad market shifts, moves in a particular dominant stock or regulatory changes. Because the Fund focuses on investing in MLPs in the energy infrastructure sector, adverse events or economic changes that disproportionately affect the energy sector as a whole or parts thereof will have an adverse effect on the Fund.

The Fund is taxed as a corporation for federal income tax purposes. This differs from most investment companies, which elect to be treated as "regulated investment companies" under the Code in order to avoid paying entity level income taxes.

Etfis Capital LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the sub-advisor to the fund. The Fund is distributed by ETF Distributors LLC, an affiliate of Etfis Capital LLC.

No offer or solicitation to buy or sell securities or futures products of any kind, or any type of recommendation or advice, is made, given or in any manner endorsed by Interactive Brokers LLC ("Interactive Brokers") or any of its affiliates.

Interactive Brokers receives compensation from Infrastructure Capital Advisors, LLC in connection with an agreement that includes promotion of Infrastructure Capital ETFs and certain commission waivers.