EXPLANATORY NOTE
The sole purpose of this filing is to file as an exhibit to the registration statement of Exchange Traded Concepts Trust (the “Trust”), supplemental revised risk/return summary information, in interactive data format, for the Trust’s Innovation Shares NextGen Protocol ETF.
Jul. 10, 2018 |
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| Innovation Shares NextGen Protocol ETF |
Innovation Shares NextGen Protocol ETF |
EXCHANGE TRADED CONCEPTS TRUST Innovation Shares NextGen Protocol ETF (the “Fund”) Supplement dated July 10, 2018 to the Fund’s currently effective Prospectus This
supplement provides new and additional information beyond that contained in the Fund’s currently effective Prospectus and
should be read in conjunction with that document.
Once eligible companies are grouped into the four Stakeholder categories, companies are ranked within their category based on a score applied using the Methodology. In order to limit overconcentration of the Index in a Stakeholder category, the following rules are applied in constructing the final Index: (1) Index components are selected based on rankings within their Stakeholder category; (2) the maximum number of Index components in each Stakeholder category is capped at 15; (3) the initial weight of an Index component at the time of reconstitution is based on its market capitalization; (4) the individual weighting of an Index component is capped at 5% at the time of reconstitution; (5) if the collective weight of Index components within a category exceeds 40% at the time of reconstitution, the weightings of Index components are reduced proportionally so that their collective weight equals 40%; and (6) if at the time of reconstitution, the sum of the weights of the five largest positions totals more than 22.5%, the individual weights are reduced proportionally so that their collective weight is no more than 22.5% of the Index. Index components are reconstituted semi-annually in June and December and re-balanced on a quarterly basis to their original weights set at the reconstitution preceding the quarterly rebalance. In between each quarterly rebalance, should the weight of the five largest positions grow to more than 25% of the Index, the Index will initiate an extraordinary rebalance to bring the weight of such positions to below 22.5% of the Index. As of July 10, 2018, the Index comprised 46 component securities. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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| Label | Element | Value |
|---|---|---|
| Prospectus [Line Items] | rr_ProspectusLineItems | |
| Document Type | dei_DocumentType | 497 |
| Document Period End Date | dei_DocumentPeriodEndDate | Jul. 10, 2018 |
| Registrant Name | dei_EntityRegistrantName | EXCHANGE TRADED CONCEPTS TRUST |
| Central Index Key | dei_EntityCentralIndexKey | 0001452937 |
| Amendment Flag | dei_AmendmentFlag | false |
| Trading Symbol | dei_TradingSymbol | KOIN |
| Document Creation Date | dei_DocumentCreationDate | Jul. 10, 2018 |
| Document Effective Date | dei_DocumentEffectiveDate | Jul. 10, 2018 |
| Prospectus Date | rr_ProspectusDate | Jan. 26, 2018 |
| Innovation Shares NextGen Protocol ETF | ||
| Prospectus [Line Items] | rr_ProspectusLineItems | |
| Risk/Return [Heading] | rr_RiskReturnHeading | Innovation Shares NextGen Protocol ETF |
| Supplement [Text Block] | koin_SupplementTextBlock | EXCHANGE TRADED CONCEPTS TRUST Innovation Shares NextGen Protocol ETF (the “Fund”) Supplement dated July 10, 2018 to the Fund’s currently effective Prospectus This
supplement provides new and additional information beyond that contained in the Fund’s currently effective Prospectus and
should be read in conjunction with that document.
Once eligible companies are grouped into the four Stakeholder categories, companies are ranked within their category based on a score applied using the Methodology. In order to limit overconcentration of the Index in a Stakeholder category, the following rules are applied in constructing the final Index: (1) Index components are selected based on rankings within their Stakeholder category; (2) the maximum number of Index components in each Stakeholder category is capped at 15; (3) the initial weight of an Index component at the time of reconstitution is based on its market capitalization; (4) the individual weighting of an Index component is capped at 5% at the time of reconstitution; (5) if the collective weight of Index components within a category exceeds 40% at the time of reconstitution, the weightings of Index components are reduced proportionally so that their collective weight equals 40%; and (6) if at the time of reconstitution, the sum of the weights of the five largest positions totals more than 22.5%, the individual weights are reduced proportionally so that their collective weight is no more than 22.5% of the Index. Index components are reconstituted semi-annually in June and December and re-balanced on a quarterly basis to their original weights set at the reconstitution preceding the quarterly rebalance. In between each quarterly rebalance, should the weight of the five largest positions grow to more than 25% of the Index, the Index will initiate an extraordinary rebalance to bring the weight of such positions to below 22.5% of the Index. As of July 10, 2018, the Index comprised 46 component securities. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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