AOS DISCLOSURE

Each investor should carefully consider the investment objectives, risks and expenses of any Exchange-Traded Fund ("ETF") or Exchange-Traded Note ("ETN") prior to investing. Before investing in an ETF or ETN, you should obtain and carefully read the relevant prospectus and documents the issuer has filed with the SEC to obtain more complete information about the product. These documents are publicly available for free via EDGAR on the SEC website (http://www.sec.gov).

You may also obtain a copy of a prospectus by contacting your AOS customer service representative (toll-free: 1-800-569-3330), or by sending your request via email to service@aosbroker.com, by fax to 1-312-253-376, or by mail to AOS, Inc., Attn: Customer Service, 311 S. Wacker Drive, Suite 650, Chicago, IL 60606.

ETFs are redeemable only in creation units and may not be individually redeemed. They are redeemable only though Authorized Participants, and on an "in-kind" basis. The public trading price of a redeemable lot may be different from its net asset value. Also note that these ETFs can trade at a discount or premium to the net asset value, and there is always a fundamental risk of declining stock prices, which can cause losses to your investment.

Most leveraged and inverse ETFs "reset" daily, meaning that they are designed to achieve their stated objectives on a daily basis. Due to the effect of compounding, their performance over longer periods of time can differ significantly from the performance (or inverse of the performance) of their underlying index or benchmark during the same period of time and as such are not meant to be held for the long term. This effect can be magnified in volatile markets.

Prior to entering into a transaction in leveraged or inverse ETFs, you should be aware of the general risks associated with such transactions. You should not enter into leveraged or inverse ETFs transactions unless you understand the nature and extent of your risk exposure. You should also be satisfied that the leveraged or inverse ETFs transaction is appropriate for you in light of your circumstances and financial condition.