Fund Summary

Ticker Symbol

RISE

Inception Date

02/19/2015

Management Fee

0.50%*

IOPV Ticker Symbol

RISE.IV

CUSIP

26923H101

ISIN

US26923H1014

Listed Stock Exchange

NYSE Arca

Index Ticker Symbol-Bloomberg

RISEBP

Index Ticker Symbol-Reuters

.RISEBP

Shares Outstanding

.

Assets Under Management

Target Duration

-10 years

Marginable

YES

Short Selling

YES

Options

NO

* Does not include related fees paid by the fund which are capped at 1.00%

Interest Rate Defense Calculator

Answer these questions to see how strategically hedging interest rates could benefit your portfolio.

%
 
Years
 
%
 
%
 
Years
 
 Not Hedging Interest RatesHedging Interest Rates
Interest rates ...Change in portfolio value immediatelyChange in portfolio value after one yearChange in portfolio value after one year
Remain unchanged
Increase by 1%
Increase by 2%
Increase by 3%

The illustration is hypothetical and for illustrative purposes only, and is not intended to imply or predict the performance of any investment.

Assumes all income is reinvested.

Results will vary given differing inputs made by the investor and changes that occur in the investor’s bond portfolio over time. No securities are selected with this calculator tool. It’s a tool which calculates the changes in a bond portfolio’s interest rate risk when interest rates rise and when the RISE ETF is used.

IMPORTANT: The projections or other information generated by the Interest Rate Defense Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

Fund Investment Objective

The Sit Rising Rate ETF seeks to profit from rising interest rates by tracking the performance, before fees and expenses, of a portfolio (the “Benchmark Portfolio Index”) consisting of exchange traded futures contracts and options on futures on 2, 5 and 10-year U.S. Treasury securities weighted to achieve a targeted negative 10 year average effective portfolio duration. The Benchmark Portfolio Index is maintained by Sit Fixed Income Advisors II, LLC.

Investment Strategy Description

The weighting of the Treasury Instruments constituting the Benchmark Portfolio Index will be based on each maturity’s duration contribution. The expected range for the duration weighted percentage of the 2 year and 5 year maturity Treasury Instruments will be from 30% to 70%. The expected range for the duration weighted percentage of the 10 year maturity Treasury Instruments will be from 5% to 25%. The relative weightings of the Benchmark Component Instruments will be shifted between maturities when there are material changes in the shape of the yield curve.