TDX Independence - Privacy Policy

Effective date: July 31, 2008

Introduction

This privacy policy applies to information that visitors transmit to XShares Advisors through this XShares Advisors website (the Site). XShares Advisors is committed to your privacy. This privacy policy is designed to inform you of what information we collect from you on this Site and how we and our affiliates handle that information. We will not sell non-public, personal information we collect about you on this Site to anyone. And we will give you the ability to opt out of our using the information each time any materials are emailed to you.

Please direct any questions to info@xsharesadvisors.com.

U.S. Only

This privacy policy explains the Site's processing and storage practices in the United States for personal information transmitted through the Site. Visitors subject to the jurisdiction of other countries must not submit information through this Site, and by doing so waive any and all liability XShares Advisors or any of its affiliates may have to them in connection with such information. By browsing the Site and communicating electronically with us, Site visitors acknowledge that we are processing and storing their personal information in the United States under U.S. privacy standards.

Information Collected

Personal Information
When you register with the Site we collect your email address and other personal information. We also ask whether you are an individual investor or a financial professional and for related information. When you send email through the site, we collect your personal information, including your email address, as well as any additional information you include in the message. When you're navigating the Site we record your IP address. We consider each of the above pieces of information to be "Personal Information".

Cookies, etc.
Like many websites, we use cookies, and other standard web technology to collect information for our own use. A cookie is a small data file that we transfer to your computer's hard disk for record-keeping purposes. Although we contract with third parties to manage the use of these technologies, the information is only used to help manage our own marketing materials and our own websites. The third parties are obligated to keep the information confidential and are prohibited from using it for any other purpose.

How We Use Your Personal Information

We use your personal information to authenticate your visits, to send you our newsletters and other XShares Advisors general updates, to respond to email inquiries and questions to us and to help us better market and provide our services. We also use the information to manage and improve our Site content and notify you about changes or improvements to our Site.

Limited Disclosure of Your Personal Information to Third Parties

We do not sell or disclose any non-public personal information about our customers, former customers, or visitors to our Site to nonaffiliated third parties, except that such information may be shared with third parties as necessary: To process a customer's request to XShares Advisors, to service providers of XShares Advisors as necessary to enable them to perform their duties to XShares Advisors, to the extent required in connection with an investment or transaction XShares Advisors proposes to make, to the extent required or specifically permitted by law or reasonably necessary to prevent fraud, unauthorized transactions or liability or to marketers or other persona for purposes unrelated to services to be provided by XShares Advisors (such as consumer information companies) and; to the extent the customer specifically authorizes that disclosure in advance. We may also share this information with our legal counsel as we deem appropriate and with regulators. Finally, we may disclose information about you at your request, or as otherwise permitted or required by law.

Choosing NOT to disclose personal information

You are not required to register to gain access to the Site. In order to use all of the Site's services, including receiving materials via email, we require registration and submission of your email address.

Opting out

You can opt out of our using non-public, personal information we collect on the Site to send you separate online newsletters and other general updates by emailing us at info@xsharesadvisors.com.

Reviewing your information and requesting changes to your Profile

To update your email address, you may email us at info@xsharesadvisors.com.

Online privacy protection for minors

XShares Advisors understands the importance of protecting privacy of minors, especially in an online environment. The Site is not designed for or directed at children. It is our policy not to knowingly collect or maintain information about anyone under the age of 18.

Links to third party sites

The Site may contain links to third party Websites. We assume no responsibility for the information practices of those websites. We encourage visitors to review each site's privacy policy before disclosing any personal information on that site.

Your Personal Information

We do not and will not, at any time, request personal information in a non-secure or unsolicited email or telephone communication. Identity theft is of great concern to us. Safeguarding information to help protect you from identity theft is our priority.

Contact

We welcome inquiries or comments about our privacy policy and any queries or concerns about XShares Advisors to info@xsharesadvisors.com or call us at 646-467-8612.

|X|Shares Advisors products are distributed by ALPS Distributors, Inc.
|X|Shares Advisors and ALPS Distributors, Inc. are unaffiliated entities.
|X|Shares Advisors and TD Ameritrade are unaffiliated entities.
TD Ameritrade and ALPS Distributors, Inc. are unaffiliated entities.
Copyright © 2008 |X|Shares Advisors LLC

The TDX Funds recently filed a proxy statement regarding important matters concerning the Funds. Please click this link to directly access the statement, which includes instructions for on-line and telephone voting.

"Target Date" refers to a time in the future, generally a specified year, in which the investor expects to retire or otherwise require the use of the invested funds. Target date funds are generally more aggressive the further the target date is from the present, with an objective of capital appreciation. As the target date approaches, the fund's objective will generally become more conservative, aiming to achieve a higher level of capital preservation. Investors should note that although target date funds aim to preserve capital as the target date approaches, there is no guarantee that the fund will achieve this objective.

There are risks involved with investing in ETFs including the possible loss of principal. TDX ETFs are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. Losses from short sales may be unlimited. There is no assurance that the investment process will consistently lead to successful investing.

The Fund issues and redeems shares at NAV and only in Creation Unit blocks of 200,000. As a practical matter, only institutions or large investors purchase or redeem Creation Units. Investors may purchase or sell ETF shares throughout the day through any brokerage account, which will result in typical brokerage commissions.