OKLAHOMA CITY - (Business Wire) OOK Advisors, LLC, announced today the launch of the Oklahoma Exchange-Traded Fund (OOK), which invests in a portfolio of securities that represents a benchmark index of publicly traded, Oklahoma-based companies. OOK trades on the NYSE Arca with the symbol “OOK.” “This fund is one of the first of its kind,” said Keith Geary, chairman of OOK Advisors. “Investors now have a vehicle to invest in several Oklahoma-based public companies all at once through OOK.”
OOK is based on the SPADE Oklahoma Index, a modified market capitalization weighted index that seeks to measure the performance of publicly traded companies that are headquartered in or have significant operations in Oklahoma. As of Sept. 30, 2009, the SPADE Oklahoma Index weightings include 67.57 percent energy (drilling, exploration, pipeline and oil and gas), 13.58 percent utilities, 7.53 percent finance, 4.94 percent coal energy and the remaining percentage includes companies within industrials, services and food and consumer goods classifications.
“This fund reflects the values and growth of Oklahoma businesses,” said Larry Nichols, chairman and CEO of Devon Energy Corporation. Devon is one of 29 companies included in OOK. “We are pleased that our success and the success of other companies in Oklahoma could be reflected as one of the nation’s first state-based exchange-traded funds.”
At least 10 percent of the OOK management fees will go to support Aaron’s Bridge, an Oklahoma nonprofit organization working to establish and provide more treatment options in Oklahoma and Texas for children with developmental disabilities, including Autism Spectrum Disorder.
For more information about OOK, visit www.ooketf.com.
Investors should consider the investment objectives, risks, charges and expenses of OOK, Inc. carefully before investing. This and other important information about OOK, Inc. can be found in its prospectus. To obtain a copy of OOK, Inc.’s prospectus, please call (405) 235-5757 or visit OOK, Inc.’s Web site at www.OOKetf.com. Please read the prospectus carefully before investing.
OOK ETF is a brand new product with limited operating history. OOK ETF is distributed by ALPS Distributors, Inc.
Because OOK ETF will invest substantially all of its assets in the securities of companies that have their headquarters or principal place of business located in Oklahoma or that generate a significant portion of their revenues in Oklahoma, OOK ETF will be subject to greater volatility as a result of the events and conditions affecting Oklahoma, to a greater extent than an ETF that did not focus its investments in this manner. An investment in the OOK ETF involves risks, including loss of principle. Holdings are subject to change.
for OOK Advisors, LLC
Evelyn Klopp, 405-831-0709
eklopp@saxumpr.com
