Time Period:    
Validea Market Legends ETF Premium/Discount Information (data as of 3/31/2019)
Total Days in Period: 61
Number of Days with Premium > 0% and <= .5%: 25
Number of Days with Premium > .5% and <= 1.0%: 5
Number of Days with Premium > 1.0% and <= 1.5%: 2
Number of Days with Discount > 0% and <= .5%: 24
Number of Days with Discount > .5% and <= 1.0%: 5
Number of Days with Discount > 1.0% and <= 1.5%: 0
Percentage of Days within .5% of NAV: 83.6%
Average Premium/Discount: 0.29%
Greatest Premium: 1.1%
Greatest Discount: -0.9%

Premium - The amount the Fund is trading above the reported NAV expressed as a percentage of the NAV. Discount - The amount the Fund is trading below the reported NAV expressed as a percentage of NAV.

Shares of the Fund trade based on market prices rather than the Fund's net asset value per share ("NAV"). Consequently, shares of the Fund may trade at a price greater than (premium) or less than (discount) the Fund's NAV. The above chart presents information for the period indicated about how often the most recent market closing price for shares of the Fund reflected a premium or discount to the Fund's NAV for each trading day and the amount of each such premium or discount, expressed as a percentage of that day's NAV.

Shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are bought and sold at current market prices. The data presented represents past performance and cannot be used to predict future results.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully before investing.

Investing involves risk. Principal loss is possible. The Validea Market Legends Fund has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. Shares are not individually redeemable from the fund and may be acquired or tendered in large creation units only. The Fund invests in foreign and emerging markets securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Adviser relies heavily on proprietary quantitative models as well as information and data supplied by third parties. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. The SEC does not endorse, indemnify, approve, nor disapprove of any security.

The Validea Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Validea Capital Management is the Advisor to the Validea Market Legends ETF which is distributed by Quasar Distributors, LLC.
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