SOURCE: ETF Managers Group

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June 13, 2017 09:00 ET

ETF Managers Group Reduces HACK's Management Fee to 0.60%

SUMMIT, NJ--(Marketwired - June 13, 2017) - Today ETF Managers Group LLC (ETFMG) is announcing a reduction in the management fee for the PureFunds ISE Cyber Security ETF (NYSE ARCA: HACK). The new management fee is 0.60%, from 0.75%, and became effective May 1, 2017.

Since May 1, there have been net positive flows of approximately $160 mm into HACK.i The net flows over this period constitute around 42% of the $376.8 mm net positive flows into the Fund this year. HACK's assets under management as of 06/09/2017 are $1,110,056,395.

Samuel Masucci, CEO and Co-founder of ETFMG, said, "The Board reviews fee levels, and other aspects of the funds within the ETF Managers Trust at every Board meeting. The Board decided to reduce the management fee for HACK based on its asset level, internal costs and in consideration of the overall fee compression across the ETF market. It's a comprehensive review process, and we believe HACK's fee of 60 basis points is very reasonable based on the fund's exposure."

About ETF Managers Group (ETFMG)

ETFMG is a leading Exchange Traded Funds (ETF) private label services company. ETF Managers Group offers a full range of ETF product services to the asset management community including commodity pool ETPs as well as both active and passive ETF funds. The services provided include product operations, regulatory, financial and compliance management. ETF Managers Group offers active marketing and dedicated wholesale services for all ETF product types.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by calling 1-877-756-PURE (1.877.756.7873), or by visiting www.PureFunds.com. Read the prospectus carefully before investing.

Past performance does not guarantee future results.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. For more information on the fund, visit PureFunds HACK.

The Fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, "ETFMG"). Samuel Masucci is a registered rep of ETFMG Financial LLC.

i As of 6/9/17.

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