(1) Organization SIT RISING RATE ETF (the Fund), a series of the ETF Managers Group Commodity Trust I (a Delaware statutory trust formed on July 23, 2014), commenced investment operations on February 19, 2015. The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 50,000 Shares (a Creation Basket). ETF Managers Capital LLC (the Sponsor), a Delaware limited liability company and a wholly owned subsidiary of Exchange Traded Managers Group LLC, serves as the managing owner and commodity pool operator of the Fund. The Sponsor seeded the Fund with a capital contribution of $1,000 in exchange for 40 Shares (Founders Shares) at the initial issuance price of $25.00 per share on September 26, 2014. Sit Fixed Income Advisors II, LLC (Sit) is registered as a commodity trading advisor and acts as such for the Fund. On January 8, 2015, Sit increased the seeding of the Fund with a capital contribution of $5,000,000 at the initial issuance price of $25.00 per share. From September 26, 2014 through February 18, 2015 the Fund had no operating activities. The Fund commenced investment operations on February 19, 2015. The Fund commenced trading on the NYSE Arca, Inc. (the NYSE Arca) on February 19, 2015 and trades under the symbol RISE. Sit is paid a fee equal to 0.50% per annum, effective January 27, 2016, of the value of the Funds average daily net assets for its services as the commodity trading advisor to the Fund, payable by the Fund. Sit is a subsidiary of Sit Investment Associates, Inc. The Funds investment objective is to profit from rising interest rates by tracking the performance of a portfolio (the Benchmark Portfolio) consisting of exchange traded futures contracts and options on futures on 2, 5 and 10 year U.S. Treasury securities (Treasury Instruments) weighted to achieve a targeted negative 10-year average effective portfolio duration (the Benchmark Component Instruments). The Fu