Table of Contents

• I. ETFs: DEFINITION, CHARACTERISTICS, HISTORY
• II. CREATION/REDEMPTION PROCESS
• III. STRUCTURE OF AN ETF
  • a. Open-End Funds
  • b. Unit Investment Trust
  • c. Grantor Trust
  • d. Exchange Traded Notes (ETNs)
  • e. Partnerships
  • f. ETFs vs. Closed-End Funds
• IV. TYPES OF EXCHANGE TRADED PRODUCTS
• V. SMART BETA/FACTOR ETFs
• VI. FUTURES-BASED COMMODITY ETPs
• VII. INVERSE & LEVERAGED ETFs
• VIII. EVALUATING ETFs