AlphaMark Actively Managed Small Cap ETF (SMCP) Premium/Discount Information

SMCP is designed to invest in U.S. listed securities, including American depositary receipts, which are less than $5 billion in market capitalization. AlphaMark will take a “bottom up” approach to target stocks exhibiting consistent growth, earnings and cash flow to arrive at a portfolio of 25-40 stocks based on earnings momentum, cash flows relative to capital spending, and reviews of financial statements, enterprise value and management. Cash flow is a revenue or expense stream that changes a cash account over a given period. Cash inflows usually arise from one of three activities - financing, operations or investing - although this also occurs as a result of donations or gifts in the case of personal finance.

Period Covered: January 01, 2018 through June 30, 2018

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 3 2.40%
0.75% to 0.999% 2 1.60%
0.50% to 0.749% 11 8.80%
0.25% to 0.499% 5 4.00%
0.00% to 0.249% 30 24.00%
-0.001% to -0.249% 23 18.40%
-0.25% to -0.499% 29 23.20%
-0.50% to -0.749% 6 4.80%
-0.75% to -0.999% 2 1.60%
-1.00% or more 14 11.20%
Total 125 100.00%

Period Covered: January 01, 2018 through March 31, 2018

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 1 1.64%
0.75% to 0.999% 0 0.00%
0.50% to 0.749% 7 11.48%
0.25% to 0.499% 2 3.28%
0.00% to 0.249% 14 22.95%
-0.001% to -0.249% 14 22.95%
-0.25% to -0.499% 15 24.59%
-0.50% to -0.749% 3 4.92%
-0.75% to -0.999% 1 1.64%
-1.00% or more 4 6.56%
Total 61 100.00%

Period Covered: January 01, 2017 through December 31, 2017

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 7 2.79%
0.75% to 0.999% 3 1.20%
0.50% to 0.749% 15 5.98%
0.25% to 0.499% 24 9.56%
0.00% to 0.249% 60 23.90%
-0.001% to -0.249% 76 30.28%
-0.25% to -0.499% 37 14.74%
-0.50% to -0.749% 11 4.38%
-0.75% to -0.999% 7 2.79%
-1.00% or more 11 4.38%
Total 251 100.00%

Period Covered: January 01, 2017 through September 30, 2017

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 7 3.72%
0.75% to 0.999% 2 1.06%
0.50% to 0.749% 11 5.85%
0.25% to 0.499% 20 10.64%
0.00% to 0.249% 52 27.66%
-0.001% to -0.249% 51 27.13%
-0.25% to -0.499% 25 13.30%
-0.50% to -0.749% 7 3.72%
-0.75% to -0.999% 6 3.19%
-1.00% or more 7 3.72%
Total 188 100.00%

Period Covered: January 01, 2017 through June 30, 2017

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 5 4.00%
0.75% to 0.999% 2 1.60%
0.50% to 0.749% 5 4.00%
0.25% to 0.499% 16 12.80%
0.00% to 0.249% 38 30.40%
-0.001% to -0.249% 30 24.00%
-0.25% to -0.499% 17 13.60%
-0.50% to -0.749% 5 4.00%
-0.75% to -0.999% 5 4.00%
-1.00% or more 2 1.60%
Total 125 100.00%

Period Covered: April 01, 2016 through March 31, 2017

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 30 11.86%
0.75% to 0.999% 10 3.95%
0.50% to 0.749% 15 5.93%
0.25% to 0.499% 25 9.88%
0.00% to 0.249% 61 24.11%
-0.001% to -0.249% 65 25.69%
-0.25% to -0.499% 28 11.07%
-0.50% to -0.749% 2 0.79%
-0.75% to -0.999% 6 2.37%
-1.00% or more 11 4.35%
Total 253 100.00%

Period Covered: January 01, 2016 through December 31, 2016

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 38 15.08%
0.75% to 0.999% 11 4.37%
0.50% to 0.749% 17 6.75%
0.25% to 0.499% 24 9.52%
0.00% to 0.249% 51 20.24%
-0.001% to -0.249% 55 21.83%
-0.25% to -0.499% 27 10.71%
-0.50% to -0.749% 6 2.38%
-0.75% to -0.999% 6 2.38%
-1.00% or more 17 6.75%
Total 252 100.00%

Period Covered: January 01, 2016 through September 30, 2016

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 29 15.34%
0.75% to 0.999% 7 3.70%
0.50% to 0.749% 12 6.35%
0.25% to 0.499% 18 9.52%
0.00% to 0.249% 38 20.11%
-0.001% to -0.249% 39 20.63%
-0.25% to -0.499% 19 10.05%
-0.50% to -0.749% 6 3.17%
-0.75% to -0.999% 6 3.17%
-1.00% or more 15 7.94%
Total 189 100.00%

Period Covered: January 01, 2016 through June 30, 2016

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 23 18.40%
0.75% to 0.999% 4 3.20%
0.50% to 0.749% 8 6.40%
0.25% to 0.499% 12 9.60%
0.00% to 0.249% 19 15.20%
-0.001% to -0.249% 22 17.60%
-0.25% to -0.499% 13 10.40%
-0.50% to -0.749% 4 3.20%
-0.75% to -0.999% 6 4.80%
-1.00% or more 14 11.20%
Total 125 100.00%

Period Covered: January 01, 2016 through March 31, 2016

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 10 16.39%
0.75% to 0.999% 1 1.64%
0.50% to 0.749% 4 6.56%
0.25% to 0.499% 5 8.20%
0.00% to 0.249% 8 13.11%
-0.001% to -0.249% 8 13.11%
-0.25% to -0.499% 9 14.75%
-0.50% to -0.749% 4 6.56%
-0.75% to -0.999% 4 6.56%
-1.00% or more 8 13.11%
Total 61 100.00%

Period Covered: April 20, 2015 through March 31, 2016

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 33 13.75%
0.75% to 0.999% 10 4.17%
0.50% to 0.749% 15 6.25%
0.25% to 0.499% 29 12.08%
0.00% to 0.249% 57 23.75%
-0.001% to -0.249% 32 13.33%
-0.25% to -0.499% 22 9.17%
-0.50% to -0.749% 13 5.42%
-0.75% to -0.999% 8 3.33%
-1.00% or more 21 8.75%
Total 240 100.00%

Period Covered: April 20, 2015 through December 31, 2015

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 23 12.85%
0.75% to 0.999% 9 5.03%
0.50% to 0.749% 11 6.15%
0.25% to 0.499% 24 13.41%
0.00% to 0.249% 49 27.37%
-0.001% to -0.249% 24 13.41%
-0.25% to -0.499% 13 7.26%
-0.50% to -0.749% 9 5.03%
-0.75% to -0.999% 4 2.23%
-1.00% or more 13 7.26%
Total 179 100.00%

Investor Materials

Summary Prospectus Statutory Prospectus Statement of Additional Information Registration XBRL Annual Report
(When Available)
Semi-Annual Report

Premium - The amount the Fund is trading above the reported NAV expressed as a percentage of the NAV. Discount - The amount the Fund is trading below the reported NAV expressed as a percentage of NAV.

Shares of the Fund trade based on market prices rather than the Fund's net asset value per share ("NAV"). Consequently, shares of the Fund may trade at a price greater than (premium) or less than (discount) the Fund's NAV. The above chart presents information for the period indicated about how often the most recent market closing price for shares of the Fund reflected a premium or discount to the Fund's NAV for each trading day and the amount of each such premium or discount, expressed as a percentage of that day's NAV.

Shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are bought and sold at current market prices. The data presented represents past performance and cannot be used to predict future results.


The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully before investing.

Investing involves risk. Principal loss is possible. Investing involves risk. Principal loss is possible. When the Fund invests in ADRs as a substitute for an investment directly in the Underlying Shares, the Fund is exposed to the risk that the ADRs may not provide a return that corresponds precisely with that of the Underlying Shares. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. A Fund that concentrates its investments in the securities of a particular sector area may be more volatile than a fund that invests in a broader range of industries. The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. Investing in investment companies, such as ETFs will subject the Fund to additional expenses of each investment company and risk of owning the underlying securities held by each. ETFs may trade at a premium or discount to their net asset value. ETFs are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns.

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. The SEC does not endorse, indemnify, approve, nor disapprove of any security.

The AlphaMark Actively Managed Small Cap ETF are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Smart Alpha™ is an active investment strategy that seeks to generate an excess return over a benchmark and execute a passive strategy once an alpha goal has been reached.

AlphaMark Advisors LLC is the Advisor to the AlphaMark Actively Managed Small Cap ETF which is distributed by Quasar Distributors, LLC.