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Fund Objective

The EGShares Brazil Infrastructure exchange-traded fund (ETF) seeks investment results that generally correspond to performance of the Indxx Brazil Infrastructure Index. The Indxx Brazil Infrastructure Index is a free-float market capitalization weighted stock market index comprised of 30 leading companies that Indxx, LLC determines to be representative of Brazil's Infrastructure industries, as defined by the Industry Classification Benchmark (ICB).

Background

BRXX is designed to provide exposure to the organic, urban growth of Brazil's infrastructure. BRXX's underlying index includes, among other industries, metal miners, energy and power producers, transportation, utility, and water companies. Brazil is expected to spend over $1 trillion in the next five years on infrastructure development, including preparations for the World Cup and Summer Olympic games.i

Key Statistics
(As of 12/31/11)
ETF Ticker (NYSE):
BRXX
Bloomberg Index Ticker:
IBRXXT
Inception Date
2/24/2010
Net Expenses*
0.85%
Holdings
30
Average Market Cap
$13.5B
Median Market Cap
$6.62B
Index Dividend Yield
3.75%

Sector Weights

(As of 12/31/11)
Sector
Weights
Utilities
37.7%
Industrials
25.1
Telecommunications
14.5
Basic Materials
12.2
Financials
8.1
Consumer Services
1.9
Oil & Gas
0.4

Industry Weights

(As of 12/31/11)
Industry
Weights
Electricity
26.0%
Fixed Line Telecommunications
12.0
Gas, Water & Multiutilities
11.7
Industrial Transportation
11.2
Industrial Metals & Mining
8.4
Real Estate Investment & Services
8.1
Aerospace & Defense
4.8
Industrial Engineering
4.1

Top 10 Holdings

(As of 12/31/11)
Company
Weights
CPFL Energia SA
6.0%
Cia Energetica de Sao Paulo
5.9
Ultrapar Participacoes SA
5.6
CCR SA
5.4
Telefonica Brasil SA
5.2
Embraer SA
4.8
Cia de Saneamento Basico do Estado de Sao Paulo

4.6
Tractebel Energia SA
4.6
Gerdau SA
4.4
All America Latina Logistica SA
4.3

Performance

(As of 12/31/11)
   1-Month (%) 3-Month (%) Year-to-Date (%) 1-Year (%) Since
Inception (%)**
  Total Returns
(Net Asset Value)		 0.72 7.72 -9.30 -9.30 4.80
  Total Returns
(Market Price)		 0.89 9.68 -10.90 -10.90 4.75
  Indxx Brazil
Infrastructure Index		 0.73 7.30 -9.04 -9.04 7.41

iGrudgings, Stuart. "Brazil's Lula unveils $878 billion investment plan". Reuters, March 29, 2010.
www.reuters.com/article/2010/03/29/brazil-lula-infrastructure-idUSN2914017220100329

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.

This fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry.

Market price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

*Gross expenses of 1.39% are reimbursed to keep from exceeding 0.85% of net assets. This agreement will remain in effect and will be contractually binding at least until July 29, 2012.

**BRXX inception date is 2/24/2010