The NYSE Arca Tech 100 ETF is considered an "open" exchange traded fund because ETF shares can be redeemed and new shares created. Long term liquidity and ETF share creation is handled through a unique creation process where by Authorized Participants are permitted to go directly to the ETF Trust requesting ETF creation units (50,000 shares), and in return provide the fund the specified underlying securities. This creation process occurs on a daily basis and provides a mechanism for continuous availability of the ETF shares.

In the case of an ETF, if an investor chooses to sell the ETF shares, the investor can simply contact their broker and the transaction is facilitated by NYSE Arca, matching the sell investor directly with the buy investor. The ETF manager does not need to sell any portion of the portfolio to provide cash to redeeming shareholders.

An Authorized Participant is a broker dealer that has entered into an Agreement with B.C. Ziegler and Company, distributor to the NYSE Arca Tech 100 ETF, which allows the Authorized Participant to purchase a fixed quantity of shares of the ETF directly from the ETF in exchange for a predetermined set of securities. The Authorized participant may then make the ETF shares available for resale in the secondary market.

As a result of your own trading activity in the ETF, you will generate gains or losses and transaction expenses in your brokerage account.

Share of the fund are bought and sold at market price, not NAV, throughout the trading day on the exchange through a brokerage account. Brokerage commissions will likely be charged by the broker executing the transactions and such charges will reduce returns. Trades in NXT will also generate tax consequences and other transactional expenses. Shares may only be redeemed directly from the fund by Authorized Participants, in very large creation/redemption units. There is no assurance that an active trading market for shares will develop or be maintained. The NYSE Arca Tech 100 ETF is new and has no track record. Market volatility and volume may delay system access and trade execution. The model cannot guarantee trade execution within a given time frame.