Label

Element

Value

ValueShares U.S. Quantitative Value ETF

Risk/Return:

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Supplement [Text Block]

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ValueShares U.S. Quantitative Value ETF (QVAL)

(the “Fund”)

October 16, 2017

Supplement to the

Summary Prospectus dated January 31, 2017

Risk/Return [Heading]

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ValueShares U.S. Quantitative Value ETF

Strategy Narrative [Text Block]

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Additionally, the following disclosure supplements the information in the section entitled “Principal Investment Strategies—The Index—Portfolio Construction” in the Summary Prospectus: “The date of each subsequent reconstitution of the Index will be available on the Fund’s website at www.alphaarchitect.com/funds/contact at least one week prior to such date.”

Please retain this Supplement with your Summary Prospectus for future reference.