THE FUND

BKC The REX BKCM ETF

The REX BKCM ETF (BKC) seeks to provide total return by obtaining investment exposure to a global set of equity securities which attempt to generate revenue or increased profit from cryptocurrency-related and enterprise blockchain technology-related companies.

In implementing the Fund’s investment strategy, BKCM seeks to identify companies utilizing blockchain technologies to generate present or future revenue from their core business. A company will only be eligible for inclusion in the portfolio to the extent that BKCM determines the company has committed material resources to the development of such revenue stream.

FUND DETAILS
Ticker BKC
CUSIP 30151E822​
Expense Ratio 0.88%
Inception Date 5/16/2018
FUND DATA & PRICING  (as of TBD)
Net Assets TBD
NAV TBD
($) Change -
(%) Change -
Market Price TBD
Premium/Discount TBD
PERFORMANCE
Monthly as of TBD 1 Mo. YTD 1 Yr. Since Inception
NAV TBD TBD TBD TBD
Closing Price TBD TBD TBD TBD
Quarterly as of TBD 1 Mo. YTD 1 Yr. Since Inception
NAV TBD TBD TBD TBD
Closing Price TBD TBD TBD TBD

The performance data quoted represents past performance. Past performance 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 and current performance may be lower or higher than the performance quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

SHAREHOLDER FEES
Annual Fund Operating Expenses 0.88%
Other Expenses -
Total Annual Fund Operating Expenses 0.88%

PORTFOLIO MANAGERS

Brian Kelly

Brian is the Portfolio Manager of the REX BKCM ETF (BKC) and the Founder and CEO of BKCM, LLC where he also manages a long/short cryptocurrency hedge fund.

Prior to founding BKCM and partnering with REX, Mr. Kelly was co-founder and Managing Partner of Shelter Harbor Capital LLC where he managed a Macro Hedge Fund. Mr. Kelly was also a co-founder of MKM Partners, a brokerage firm catering to institutional investment managers. After a year researching Bitcoin, in 2014 Mr. Kelly authored the book “The Bitcoin Big Bang.” He is a regular contributor on CNBC’s show “Fast Money” serving as a Cryptocurrency and Blockchain expert.

Mr. Kelly is a graduate of the University of Vermont and received an MBA from Babson Graduate School of Business.

Denise M. Krisko, CFA

Denise Krisko has over 20 years of index management experience. Previously, she was the Chief Investment Officer and Managing Director at Index Management Solutions, responsible for the development and oversight of an ETF sub-advisory business with over $1 billion in assets. Before IMS, Ms. Krisko was Co-Head of Equity Index Strategies for Mellon Capital Management and Head of Equity Index Management for BNY Asset Management, where she oversaw the ETF sub-advisory business grow to over $5 billion in assets in over 100 funds. Before that, she was a Director for Northern Trust and Deutsche Asset Management, responsible for portfolio management and trading of index-based strategies.

© REX Shares LLC 2018

  REX SHARES  

Exchange Traded Concepts, LLC serves as the investment advisor and Vident Investment Advisory & BKCM Funds, LLC serve as sub advisors to the fund. The Funds are distributed by Foreside Fund Services, LLC., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. REX NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. In emerging markets, these risks are heightened, and lower trading volumes may occur. Investments in smaller companies typically exhibit higher volatility.

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' summary and full prospectuses, which may be obtained by calling 1-844-REX-1414. Read the prospectus carefully before investing.

There is little regulation of cryptocurrency and blockchain technology other than the intrinsic public nature of the blockchain system. Any future regulatory developments could affect the viability and expansion of the use of cryptocurrency and blockchain technology. Cryptocurrency and blockchain technology systems may operate across many national boundaries and regulatory jurisdictions; therefore, cryptocurrency and blockchain technology may be subject to widespread and inconsistent regulation.

Currently, there are few public companies where blockchain technology represents an attributable and significant revenue stream. Blockchain technology may never develop optimized transactional processes that lead to increased realized economic returns to any company in which the fund invests.

Generally, cryptocurrency and blockchain technology is not a product or service that provides identifiable revenue for companies that implement or otherwise use it. Therefore, the values of the stocks in which the fund will invest may not be a reflection of their connection to cryptocurrency and blockchain technology, but may be based on other business operations.

Cryptocurrency Risk. By virtue of the Fund’s investment in stocks that derive revenue from cryptocurrency-related activities, shareholders may be exposed indirectly to the risks of cryptocurrencies. Cryptocurrencies are extremely new and nontraditional assets and a potential shareholder’s ability to evaluate the performance of cryptocurrencies be limited. Digital assets, represented on a decentralized public transaction ledger that is maintained by an open source protocol, are substantively different from traditional assets and investments. Because if the complex nature of cryptocurrency, an investor in the Fund may face numerous material risks that may not be present in other investments. Current IRS guidance indicates that digital assets such as cryptocurrencies should be treated and taxed as property, and that transactions involving the payment of cryptocurrency for goods and services should be treated as barter transactions. This treatment may create a potential tax reporting requirement in any circumstance where the ownership of a cryptocurrency passes from one person to another.

Blockchain Technology Risk. The stocks in which the Fund will invest will be subject to the risks associated with blockchain technology, which is a new and relatively untested technology. The risks associated with blockchain technology may not emerge until the technology is widely used. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Access to a given blockchain requires an individualized key, which, if compromised, could result in loss due to theft, destruction or inaccessibility.

An investment in the Fund in is subject to risks including loss of principal. There can be no assurance the Fund will achieve it's investment objectives. The Fund can be more volatile than broad market averages. Additional risks for the Fund include: emerging markets risk, foreign securities risk, geographic risk, geopolitical risk, liquidity risk, non-diversification risk, technology risk, and valuation risk. For a complete description of these risk please read the prospectus carefully.