CANNABIS GROWTH ETF

Providing investors access to a growing, emerging industry via a
professionally managed ETF

ETF COMPARISONS

ETF Performance(%) at 12/31/21 1 Month 3 Month 1 Year SINCE INCEPTION
(annualized)
BUDX(NAV) -9.25 -23.57 -20.70 -23.16*
BUDX(Market) -16.92 -30.07 N/A -26.361
MJ (NAV) -7.67 -22.35 -21.36 -31.51*
MJ (Market) -7.53 -22.50 -21.66 -31.61

*Based on Inception date of BUDX. Inception date is February 22, 2019

1Cumulative.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Cannabis Growth ETF (BUDX)

 

ETFMG Alternative Harvest ETF (MJ)

Disclosures: The performance data quoted represents past performance. Such favorable performance was attributable to unusually favorable conditions that are likely not sustainable or may not recur. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (888) 885-0588.

Disclosures: Performance data quoted represents past performance and does not guarantee future results. 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. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).

Inception Date: February 22, 2019

Inception Date: December 3, 2015

ETF Type: Active

ETF Type: Passive

AUM: $5M

AUM: $1B

Fees: Gross: 11.95% Net: 0.79%

Fees: Gross: 0.75% Net: 0.75%

Reason for Comparison: The comparison is being presented to show the performance of an active vs passive cannabis ETF.

Reason for Comparison: The comparison is being presented to show the performance of an active vs passive cannabis ETF.

Investment Objective: The Cannabis Growth ETF (the “Fund”) seeks to provide long-term capital appreciation.

Investment Objective: The ETFMG Alternative Harvest ETF (the “Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index (the “Index”).

Investment Strategy: Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in exchange-traded equity securities of companies around the globe engaged in legal cannabis-related businesses (“Cannabis Companies”). For purposes of this investment policy, the Fund may invest in shares of exchange-traded funds (ETFs) that have a policy to invest at least 80% of their assets in securities of Cannabis Companies and in derivatives that have economic characteristics similar to such securities. Cannabis Companies may participate in the following activities, so long as permitted by law.

Investment Strategy: The Fund uses a “passive” or indexing approach to try to achieve its investment objective. Unlike many investment companies, the Fund does not try to “beat” the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Index tracks the performance of the exchange-listed common stock (or corresponding American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) of companies across the globe, including U.S. companies, that (i) are engaged in the legal cultivation of cannabis, including industrial hemp, or the legal production, marketing or distribution of cannabis, including industrial hemp, products for medical or non-medical purposes (“Cannabis Companies”).

Liquidity: Daily Liquidity.

Liquidity: Daily Liquidity.

Risk: Investing involves risk, including possible loss of principal.

Risk: Investing involves risk, including possible loss of principal.

Tax Features: The Fund intends to elect to be, and intends to qualify each year for treatment as, a “regulated investment company” under Subchapter M of the Code by complying with all applicable requirements of the Code, including, among other things, requirements as to the sources of the Fund’s income, diversification of the Fund’s assets and timing of Fund distributions.

Tax Features: The Fund intends to elect to be, and intends to qualify each year for treatment as, a “regulated investment company” under Subchapter M of the Code by complying with all applicable requirements of the Code, including, among other things, requirements as to the sources of the Fund’s income, diversification of the Fund’s assets and timing of Fund distributions.

Disclosures: Before investing you should carefully consider the ETF’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from 888.885.0588. Please read the prospectus carefully before you invest.

The views expressed may change at any time after the date of this publication. There is no guarantee that any projection, forecast or opinion will be realized.

Disclosures: Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which may be obtained by calling 1-844-383-6477, or by visiting www.etfmg.com/MJ. Read the prospectus carefully before investing.

The views expressed may change at any time after the date of this publication. There is no guarantee that any projection, forecast or opinion will be realized.

ETF Performance(%) at 12/31/21 1 Month 3 Month 1 Year SINCE INCEPTION
(annualized)
BUDX(NAV) -9.25 -23.57 -20.70 -23.16*
BUDX(Market) -16.92 -30.07 N/A -26.361
MSOS (NAV) -4.43 -19.32 -29.72 3.53*
MSOS (Market) -3.51 -18.92 -29.89 3.01

*Based on Inception date of MSOS. Inception date is September 2, 2020

Inception Date of BUDX: February 22, 2019

1Cumulative.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Cannabis Growth ETF (BUDX)

 

AdvisorShares Pure US Cannabis ETF (MSOS)

Disclosures: The performance data quoted represents past performance. Such favorable performance was attributable to unusually favorable conditions that are likely not sustainable or may not recur. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (888) 885-0588.

Disclosures: Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

Inception Date: February 22, 2019

Inception Date: September 2, 2020

ETF Type: Active

ETF Type: Active

AUM: $5M

AUM: $873M

Fees: Gross: 11.95% Net: 0.79%

Fees: Gross: 0.87% Net: 0.74%

Reason for Comparison: The comparison is being presented to show the difference in stock selection and active management.

Reason for Comparison: The comparison is being presented to show the difference in stock selection and active management.

Investment Objective: The Cannabis Growth ETF (the “Fund”) seeks to provide long-term capital appreciation.

Investment Objective: The AdvisorShares Pure US Cannabis ETF (the “Fund”) seeks long-term capital appreciation.

Investment Strategy: Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in exchange-traded equity securities of companies around the globe engaged in legal cannabis-related businesses (“Cannabis Companies”). For purposes of this investment policy, the Fund may invest in shares of exchange-traded funds (ETFs) that have a policy to invest at least 80% of their assets in securities of Cannabis Companies and in derivatives that have economic characteristics similar to such securities.

Investment Strategy: The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business in the United States and in derivatives that have economic characteristics similar to such securities. The Fund primarily will invest in exchange-listed equity securities, including common and preferred stock, of mid- and small-capitalization companies, and in total return swaps intended to provide exposure to such companies.

Liquidity: Daily Liquidity.

Liquidity: Daily Liquidity.

Risk: Investing involves risk, including possible loss of principal.

Risk: Investing involves risk, including possible loss of principal.

Tax Features: The Fund intends to elect to be, and intends to qualify each year for treatment as, a “regulated investment company” under Subchapter M of the Code by complying with all applicable requirements of the Code, including, among other things, requirements as to the sources of the Fund’s income, diversification of the Fund’s assets and timing of Fund distributions.

Tax Features:The Fund will seek to qualify for and elect treatment as a RIC (Regulated Investment Company) under the Internal Revenue Code.

Disclosures: Before investing you should carefully consider the ETF’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from 888.885.0588. Please read the prospectus carefully before you invest.

The views expressed may change at any time after the date of this publication. There is no guarantee that any projection, forecast or opinion will be realized.

Disclosures: Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.

The views expressed may change at any time after the date of this publication. There is no guarantee that any projection, forecast or opinion will be realized.