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ETF Securities

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About ETF Securities

GloballyETF Securities is one of the world’s leading innovators of exchange traded products (ETPs), including the largest provider of Bloomberg commodity products (over $4.34 billion USD1). We are independent pioneers, beginning in 2003 as the developer of the world’s first gold ETP, and later the first oil ETP. As the needs of investors evolved, we responded by broadening our product offering to become the global influencer we are today. Globally, we offer over 360 ETPs that trade on eight exchanges in four continents.

United StatesETF Securities U.S. is a specialist commodity Exchange Traded Product (ETP) provider, backed by a global track record of innovation. Our approach is built on understanding investors’ changing needs to construct accessible solutions, enabling them to diversify their portfolios beyond traditional asset classes and strategies. We produce timely and impactful market insights to support advisors and their clients in reaching informed investment decisions.

40 Act OfferingInvestors in the U.S. are demanding cost effective, tax efficient, and simple-to-understand products to diversify their portfolios and mitigate volatility. In response, we have launched one of the most diversified commodity Exchange Trade Fund (ETF) suites of its kind. Investors can now access the Bloomberg Commodity Indices (BCOM), in an ETF format for the first time, available in a cost-efficient and K-1 free, ’40 Act structure.

¹ Bloomberg, as of March 2, 2017

ETFS Commodities / Page 3

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Agriculture28%

Energy36%

Industrial Metals

18%Livestock

4%Precious Metals

14%

Corn

Soybean

Sugar

Soybean Oil

Soybean Meal

Wheat

Coffee

Cotton

² Bloomberg, as of December 31, 2016

Natural Gas

Brent Crude

WTI Crude

Heating Oil

Gasoline

Copper

Aluminum

Zinc

Nickel

Cattle

Lean Hogs

Gold

Silver

Why should investors consider commodities, and more importantly, why should they carve out part of their core portfolio to allocate to this asset class? Commodities have been held back by complex, costly offerings, but they play a key role in the global economy, and may potentially offer important benefits to portfolios, including improved diversification, protection against inflation, and enhanced risk-adjusted returns.

Until recently, commodities have been fairly inconvenient for everyday investors to access. Many commodity ETFs can cause complicated tax headaches by issuing what are known as K-1 tax forms. K-1s can prove problematic for investors because they are typically issued after taxes have already been filed, making it necessary for investors to refile their taxes.

At ETF Securities, we offer one of the most diversified commodity ETF suites: a range of cost-efficient, K-1 free, ’40 Act commodity ETFs benchmarked to the world class Bloomberg family of commodity indices.

The ETF Securities Suite of Bloomberg Commodity ETFs

Bloomberg Commodity Index²

ETFS Commodities / Page 5

• Lowest cost and most diversified commodity ETFs in the US

• Offers access to the world’s leading commodity index in an ETF format for the first time

• Provided by one of the most experienced commodity ETP managers in the world, including the largest provider of Bloomberg commodity products (over $4.34 billion USD³)

The three funds in the suite will allow exposure to commodities that were previously out of reach for many investors or only available through costly structures with cumbersome K-1 tax form filing requirements. The new, more investor-friendly format not only eliminates the K-1 tax issue, but fundamentally alters the entire commodity ETF landscape.

The ETF Securities Suite includes:

Key Fund Highlights

Bloomberg Commodity Index (BCI, BCD)

Number of Commodities 22

Weighting Methodology2/3 liquidity, 1/3 production val-ue, economic significance override (+ for gold & silver)

Rebalancing Frequency Annual in January

Sector ContraintsNo more than 15% in 1; No sector more than 33%

Futures Roll 6-10th Business Day

Name Ticker

Total Expense Ratio

ETFS Bloomberg All Commodity Strategy K-1 Free ETF

BCI 0.29%

ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

BCD 0.29%

ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF

BEF 0.39%

Bloomberg Commodity Index Weight (~%) ¹

NaturalGas10% Gold

100 Oz 10%

Brent Crude 10%

Wti Crude 9%

Copper 7%

Corn 6% Soybean 5%

Ny Harb Ulsd 5%

Aluminum 4%

Sugar 4%

Gasoline Rbob 4%

Silver 4%

Lme Zinc 3%

Other At Less �an 3% (8) 19%

³ Bloomberg, as of March 2, 2017

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ETFS K-1 Free Bloomberg All Commodity Strategy ETF

BCI

BCI offers access to the leading Bloomberg Commodities Index (BCOM), the most utilized commodities benchmark in the world, now in an ETF format. BCOM is a broad and highly diverse commodity index that offers investors a simple solution for global commodities. The benchmark covers 22 commodity contracts weighted based on their liquidity and production data. BCI utilizes a traditional ’40 Act structure and is K-1 free. The index is designed with diversification in mind, so that no single commodity may constitute more than 15% of the index, nor does any sector exceed 33%, unlike many leading benchmarks that feature highly concentrated allocations to energy.

By taking a more diversified approach to commodities, BCOM, BCI’s benchmark, achieves greater balance. While leading indexes in the space often deliver over 50% energy exposure, BCOM uses economic significance criteria in its methodology to increase the silver and gold allocations within the index, providing a counterbalance to the energy exposure.

Fund Objective: The ETFS Bloomberg All Commodity Strategy K-1 Free ETF (the “Fund”) is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Bloomberg Commodities Index.

Index Description: The Bloomberg Commodity Index (BCOM) consists of 22 commodities which are weighted 2/3 by trading volume and 1/3 by world production with an additional criteria of global economic significance. Weight caps are also applied to limit concentration in a particular sector (33%).

ETFS Commodities / Page 7

ETFS K-1 Free Bloomberg All Commodity Longer Dated Strategy ETF

BCD

BCD offers access to the Bloomberg All Commodity 3 Month Forward Index, which is a transparent and static way of investing in commodities with longer maturities. The longer-dated roll schedule may help mitigate common issues such as negative roll yield (contango). BCD utilizes a traditional ’40 Act structure and is K-1 free.

BCD avoids complicated quantitative models that attempt to predict the best approach to roll yield throughout the year, instead adhering to a transparent, consistent methodology that aims to provide high correlations to commodity spot prices while minimizing the costs typically associated with rolling every near month contract. The 3-month schedule also offers a high amount of liquidity in the commodity. This seeks to solve the drawbacks of other models that attempt to buy and sell scarcely-traded maturities in an attempt to solve roll yield issues.

Fund Objective: The ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the “Fund”) is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Bloomberg All Commodity Index 3 Month Forward.

Index Description: The Bloomberg Commodity Index 3 Month Forward (BCOM) consists of 22 commodities which are weighted 2/3 by trading volume and 1/3 world production with an additional criteria of global economic significance. Weight caps are also applied to limit concentration in a particular sector (33%). The futures contracts are 3 months ahead of the standard contract calendar.

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ETFS K-1 Free Bloomberg Energy Longer Dated Strategy ETF

BEF

BEF offers access to the Bloomberg Commodity 3 Month Energy Forward Index. BEF features energy commodity futures with longer dated maturities. The long-only commodity allocations and longer-dated roll schedule may help mitigate common issues such as negative roll yield (contango). BEF utilizes a traditional ’40 Act structure, and as such is K-1 free.

BEF seeks to help mitigate roll yield issues that historically have plagued oil investors in particular, as oil is one of the leading commodities to cause negative roll yield, which may ultimately prove to be a significant drag on returns. BEF avoids complicated quantitative models that attempt to predict the best approach to roll yield throughout the year, instead adhering to a transparent, consistent methodology that aims to provide high correlations to commodity spot prices while minimizing the costs typically associated with rolling every near month contract. The 3-month schedule also provides significant liquidity. This avoids the pitfalls of many other models, which attempt to buy and sell scarcely-traded maturities in an attempt to solve roll yield issues.

Fund Objective: The ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF (the “Fund”) is an actively managed exchange traded fund that seeks to provide a total return designed to exceed the performance of the Bloomberg Energy Index 3 Month Forward.

Index Description: The Bloomberg Energy 3 Month Forward Index is composed of crude oil, heating oil, unleaded gasoline and natural gas with futures contracts are 3 months ahead of the standard contract calendar.

ETFS Commodities / Page 9

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For more information on ETF Securities products, please call 1-844-ETFS-BUY (844-383-7289) or visit etfsecurities.com/us.

For the latest educational pieces please follow us on LinkedIn at ‘ETF Securities US’ and Twitter @ETFSecuritiesUS.

Contact us

ETFS Commodities / Page 11

ETF Securities (US) LLC405 Lexington AvenueNew YorkNY 10174United States

t 844-ETFS-BUY (844 383 7289)f 646 921 8988e infoUS@etfsecurities.comw etfsecurities.com/us

An investor should consider the investment objectives, risks, charges and expenses of the ETFs carefully before investing. To obtain a prospectus containing this and other important information, call 1-646-846-3130 or 844-ETFS-BUY (844-383-7289) or visit www.etfsecurities.com. Read the prospectus carefully before investing.

Fund Risk: There are risks associated with investing including possible loss of principal. Commodities generally are volatile and are not suitable for all investors.

There can be no assurance that the Fund’s investment objective will be met at any time. The commodities markets and the prices of various commodities may fluctuate widely based on a variety of factors. Because the Fund’s performance is linked to the perfor-mance of highly volatile commodities, in-vestors should consider purchasing shares of the Fund only as part of an overall di-versified portfolio and should be willing to assume the risks of potentially significant fluctuations in the value of the Fund.

Actively managed ETFs do not necessar-ily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. The Fund’s return may not match the return of the index.

Through holding of futures, options and op-tions on futures contracts, the Fund may be exposed to (i) losses from margin deposits in the case of bankruptcy of the relevant bro-ker, and (ii) a risk that the relevant position cannot be close out when required at its fun-damental value. In pursuing its investment strategy, particularly when rolling futures contracts, the Fund may engage in frequent trading of its portfolio of securities, result-ing in a high portfolio turnover rate.

As a “non-diversified” fund, the Fund may hold a smaller number of portfolio securi-ties than many other funds. To the extent the Fund invests in a relatively small num-ber of issuers, a decline in the market val-ue of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of Shares may be more volatile than the values of shares of more diversified funds.

During situations where the cost of any fu-tures contracts for delivery on dates further in the future is higher than those for delivery closer in time, the value of the Fund holding such contracts will decrease over time unless the spot price of that contract increases by the same rate as the rate of the variation in the price of the futures contract. The rate of variation could be quite significant and last for an indeterminate period of time, reduc-ing the value of the Fund.

Changes in the laws of the United States and/or the Cayman Islands, under which the Fund and the Subsidiary are organized, re-spectively, could result in the inability of the Subsidiary to operate as intended and could negatively affect the Fund and its sharehold-ers.

To the extent the Fund is exposed directly or indirectly to leverage (through investments in commodities futures contracts) the value of that Fund may be more volatile than if no leverage were present.

In order to qualify for the favorable U.S. federal income tax treatment accorded to a regulated investment company (“RIC”), the Fund must derive at least 90% of its gross income in each taxable year from certain categories of income (“qualifying income”) and must satisfy certain asset diversification requirements. Certain of the Fund’s invest-ments will not generate income that is qual-ifying income. The Fund intends to hold such commodity-related investments indi-

rectly, through the Subsidiary. The Fund be-lieves that income from the Subsidiary will be qualifying income because it expects that the Subsidiary will make annual distribu-tions of its earnings and profits. [However, there can be no certainty in this regard, as the Fund has not sought or received an opinion of counsel confirming that the Subsidiary’s operations and resulting distributions would produce qualifying income for the Fund.] If the Fund were to fail to meet the qualifying income test or asset diversification require-ments and fail to qualify as a RIC, it would be taxed in the same manner as an ordinary corporation, and distributions to its share-holders would not be deductible by the Fund in computing its taxable income.

Investors buy and sell shares on a secondary market (i.e., not directly from trust). Only market makers or authorized participants may trade directly with the fund, typically in blocks of 50k to 100k shares.” Noted below.

The ETFs are new products with a limited operating history.

Please see the current prospectus (https://www.etfsecurities.com/etfsdocs/USPro-spectus.aspx) for more information regard-ing the risk associated with an investment in the Funds.

The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price in-dex distributed by Bloomberg Indexes.

K-1 Tax Form is a tax document used to re-port the incomes, losses and dividends of a partnership. The Schedule K-1 document is prepared for each individual partner and is included with the partner’s personal tax re-turn.

ALPS Distributors, Inc. is the distributor for the ETFS Trust. ALPS is not affiliated with ETF Securities.

EFS000225 03/31/2018

Important Information