About EGA
Strategy Overview

EGA Frontier Diversified Core Fund is a closed-end interval fund that uses a quantitative screening approach to construct a portfolio of approximately 50 frontier market equity securities. Emerging Global Advisors worked with FTSE to develop this approach, which aims to define a diversified and investable exposure to frontier markets.

Key Statistics
(As of 6/30/2015)
CUSIP
268462108
Bloomberg Ticker
FMCR US <Equity>
Investment Objective
Seek long-term capital appreciation
Inception Date
11/1/2013
Structure
Continuously offered closed-end interval fund
Holdings
49
Expense Ratio
1.82% Gross, 1.75% Net*
Minimum initial investment
$1,000,000, subsequent investment $100,000**
NAV
$24.85 (as of 9/11/2015)

Country Breakdown

(As of 6/30/2015)
Country
Weights
Qatar
19.80 %
Bangladesh
19.17
Vietnam
17.09
Nigeria
10.55
Morocco
5.82
Oman
5.76
Kenya
5.38
Romania
5.02
Sri Lanka
2.74
Jordan
2.65
Mauritius
2.47
Slovenia
1.92
Croatia
0.99
Estonia
0.40
Tunisia
0.13

Industry Breakdown (ICB)

(As of 6/30/2015)
Industry
Weights
Oil & Gas
16.22 %
Financials
15.99
Telecommunications
14.78
Industrials
13.26
Consumer Goods
13.19
Utilities
9.08
Consumer Services
5.71
Health Care
5.33
Basic Materials
3.47
Technology
2.87

Top Holdings (Ticker)

(As of 6/30/2015)
Company
Weights
ROMGAZ SA (SNG RO Equity)
3.03 %
Nigerian Breweries PLC
(NB NL Equity)

2.99
HAGL JSC (HAG VN Equity)
2.96
Barwa Real Estate Co
(BRES QD Equity)

2.95
Bank Muscat SAOG
(BKMB OM Equity)

2.93
Qatar Electricity & Water Co Q
(QEWS QD Equity)

2.92
MJL Bangladesh Ltd
(MJL BD Equity)

2.89
Vodafone Qatar QSC
(VFQS QD Equity)

2.89
Lafarge Surma Cement Ltd
(LAFCEM BD Equity)

2.84
Al Meera Consumer Goods Co QSC
(MERS QD Equity)

2.81

Performance

(As of 6/30/2015)
3-Month (%) Year-to-Date (%) 1-Year (%) Since Inception
Total Returns (Net Asset Value) 0.98 -2.30 -1.85 5.77
FTSE Frontier Index 0.19 0.35 0.02 7.97
Performance data quoted represents past performance. Past performance does not guarantee future results. 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 the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call + 1 888 800 4347.

Performance results shown reflect the expense reimbursement, without which the results would have been lower.

Returns over one year are annualized.

* Gross expenses of 1.82% are reimbursed to keep from exceeding 1.75% of net assets. This agreement will remain in effect and will be contractually binding at least until July 31, 2015.

** A financial intermediary or consultant may aggregate an initial investment from separate investor clients that are each less than $1,000,000 (but at least $100,000), if their clients' aggregate investments in the Fund are at least $1,000,000.

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in frontier markets securities. Frontier markets securities are securities of companies from countries that have been classified as frontier markets by the FTSE Country Classification System. As of June 30, 2014, the FTSE Country Classification System considered the following countries to be frontier markets: Argentina, Bahrain, Bangladesh, Botswana, Bulgaria, Côte d'Ivoire, Croatia, Cyprus, Estonia, Ghana, Jordan, Kenya, Lithuania, Macedonia, Malta, Mauritius, Nigeria, Oman, Qatar, Romania, Serbia, Slovakia, Slovenia, Sri Lanka, Tunisia, and Vietnam. Although it is not an index fund and does not seek to match the performance of any particular index, the Fund will invest in frontier market securities that are similar to those included in the FTSE Frontier Diversified Core Index ("The FTSE Frontier Index"). The FTSE Frontier Index is comprised of ordinary or common shares of frontier market securities that typically have a float-adjusted market capitalization of at least U.S. $5 million. One cannot invest directly in an index. Source: FTSE International Limited ("FTSE") ©FTSE 2014. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE's express written consent.

The FTSE Frontier Index tracks the performance of large, mid and small cap equities from eligible Frontier markets. One cannot invest directly in an 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. The value of an investment denominated in a foreign currency could change significantly as foreign currencies strengthen or weaken relative to the U.S. dollar. Frontier markets countries generally have smaller economies or less developed capital markets than in more advanced developing markets and, as a result, the risks of investing in developing markets countries are magnified in frontier markets countries. 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.

Diversification does not assure a profit or protect against a loss.

For each repurchase offer, the Fund currently expects that it will offer to repurchase 25% of its outstanding Shares for a particular repurchase offer. The Fund may lower the size of these repurchase offerings down to 5% of the Fund's outstanding shares, in the sole discretion of the Board, but it is not expected that the Board will do so. There is no guarantee that you will be able to sell Shares in an amount or at the time that you desire.

The shares of the Fund are not listed for trading on any national securities exchange, have no trading market and no market is expected to develop. Investors should consider an investment in the Fund to be illiquid. In order to provide liquidity to shareholders, the Fund will make quarterly offers to repurchase a portion of its outstanding Shares at NAV as described herein. There is no guarantee that investors will be able to sell their shares at any given time. An investment in the Fund is suitable only for long-term investors who can bear the risks associated with the limited liquidity of the shares. The Fund is not an appropriate investment for investors who desire the ability to reduce their investments to cash on a timely basis. Investment in the Fund involves significant risk and is suitable only for persons who can bear the economic risk of the loss of their investment. Investors should carefully consider these risks before investing in the Fund.