*EGA has entered into a written fee waiver agreement to waive its advisory fee to 0.65% of the Fund's average daily net assets. The Fee Waiver Agreement will remain in effect and will be contractually binding until July 31, 2018.

Supplements to the EGShares Emerging Markets Domestic Demand ETF prospectus and Statement of Additional Information were filed January 19, 2016. Effective March 1, 2016, this Fund changed its name to the EGShares EM Strategic Opportunities ETF and its ticker to EMSO. Additionally, the Fund's underlying index, the S&P; Emerging Markets Domestic Demand Index, changed its name to S&P; Emerging Markets Strategic Opportunities Index.

Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry. Small-cap and mid-cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. One cannot invest directly in an Index.

The S&P; Emerging Markets Strategic Opportunities Index is a product of S&P; Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Emerging Global Advisors. Standard & Poor's® and S&P;® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P;"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Emerging Global Advisors. The EGShares EM Strategic Opportunities ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P;, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P; Emerging Markets Strategic Opportunities Index.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P;") and is licensed for use by Emerging Global Advisors, LLC. Neither MSCI, S&P; nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P;, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.