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Fund Objective

The EGShares India Infrastructure exchange-traded fund (ETF) seeks investment results that generally correspond performance of the Indxx India Infrastructure Index. The Indxx India 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 India's Infrastructure industries, as defined by the Industry Classification Benchmark (ICB).

Background

INXX is designed to provide exposure to the growing infrastructure needs in India. Because India is expected to spend more than $1 trillion on infrastructure in the next five years, the companies selected for the underlying may be positioned to benefit since they include, among other industries, metal miners, energy and power producers, transportation, utility, and water companies.i

Key Statistics
(As of 12/31/11)
ETF Ticker (NYSE):
INXX
Bloomberg Index Ticker:
IINXXT
Inception Date
8/11/2010
Net Expenses*
0.85%
Holdings
30
Average Market Cap
$11.92B
Median Market Cap
$7.83B
Trailing P/E Ratio
8.0x
Price/Book Ratio
1.2x
Index Dividend Yield
3.08%

Industry Weights

(As of 12/31/11)
Industry
Weights
Electricity
22.3%
Construction & Materials
21.8
Mobile Telecommunications
13.1
Industrial Metals & Mining
10.7
Industrial Engineering
10.5
Oil & Gas Producers
5.3
Real Estate Investment & Services
5.1
Gas, Water & Multiutilities
2.7
Electronic & Electrical Equipment
2.7

Sector Weights

(As of 12/31/11)
Sector
Weights
Industrials
37.4%
Utilities
25.0
Telecommunications
13.1
Basic Materials
10.7
Oil & Gas
6.9
Financials
5.1
Consumer Goods
1.8

Top 10 Holdings

(As of 12/31/11)
Company
Weights
Tata Motors Ltd
6.2%
Power Grid Corp of India Ltd
6.0
Idea Cellular Ltd
5.6
NTPC Ltd
5.3
GAIL India Ltd
5.3
Bharti Airtel Ltd
5.1
Tata Power Co Ltd
5.0
ACC Ltd
4.9
Ambuja Cements Ltd
4.8
Ultratech Cement Ltd
4.8

Performance

(As of 12/31/11)
  1-Month (%) 3-Month (%) Year-to-Date (%) 1-Year (%) Since
Inception (%)**
  Total Returns
(Net Asset Value)
-9.22 -19.66 -43.53 -43.53 -31.54
  Total Returns
(Market Price)
-12.45 -17.93 -44.32 -44.32 -32.09
  Indxx India
Infrastructure Index
-8.73 -19.34 -42.92 -42.92 -30.74

iSankhe, Shirish "India's urban awakening: Building inclusive cities, sustaining economic growth" McKinsey Global Institute, April 2010

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.

*Gross expenses of 1.58% 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.

Because the Fund only invests in Indian securities, its NAV will be much more sensitive to changes in economic, political and other factors within India than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy, currency fluctuations or blockage and the risk of nationalization or expropriation of assets.

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.

**INXX inception date is 8/11/2010