SOURCE: LocalShares, Inc.

LocalShares, Inc.

August 04, 2014 15:44 ET

Nashville Area ETF Marks First Year, Announces Shareholder Meeting

Commissioner Hagerty to Lead CEO Panel at Aug 21 Event

NASHVILLE, TN--(Marketwired - Aug 4, 2014) - LocalShares, Inc. is marking the year end of the Nashville Area ETF (NYSE: NASH), the nation's first city-based exchange traded fund, with a 14.6% performance gain and by announcing its annual shareholders meeting on August 21, 2014 at 11:30 a.m. at the Hutton Hotel. The event will feature a panel of CEOs of holdings in the fund led by Tennessee State Commissioner of Economic and Community Development Bill Hagerty and including Bill Carpenter, CEO of LifePoint Hospitals; Damon Hininger, CEO of Corrections Corporation and America; and Colin Reed, CEO of Ryman Hospitality Corporation. To reserve seats for the event, visit www.localshares.com.

     
Fund Inception Date   CALENDAR QUARTER END as of 6/30/2014
7/31/2013       Cumulative (%) 
Annual Fund Operating Expenses       Since Inception 
0.65%***        
Net Expense Ratio   Fund NAV   11.15
0.49%   Closing Price   11.15
         

** The Fund's investment Adviser has agreed to waive fees and expenses so that the Fund's Total Annual Operating Expenses will not exceed 0.49%. This fee waiver will remain in effect until December 31, 2016, and may be extended thereafter by the Adviser in its sole discretion.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end, please visit www.NashvilleAreaETF.com.

NASH debuted on the New York Stock Exchange on August 1, 2013 with an opening share price at $25 per share, creating an investment opportunity in a basket of publicly traded companies headquartered in greater Nashville. At the close of the first year, the Nashville Area ETF has realized a 14.6% cumulative return. Initially listed at $25 per share, NASH closed at $28.44 at the end of the trading day, on July 31 -- up $3.44 since inception (plus $0.20 of income and gain distributions during the year). The basket of 23 companies represents diverse industry sectors ranging from healthcare, to building products, to consumer retailers. The fund has grown to $7,047,500 in assets under management.

"Certain U.S. regions provide strong economic opportunity for the companies based there, which is why corporate relocation to these markets continues to climb," said William S. Decker, of LocalShares. "Nashville is one such economy benefitting from the markedly low taxes of the state of Tennessee and other attributes. We are pleased with the performance of the fund, which we believe reflects both the vitality of this specific economy and the fact that geographic eco-systems like Nashville add competitive value to companies based there."

The LocalShares Nashville Area ETF invests in publicly-traded companies with market capitalizations of more than $100 million, an average daily trading volume of 50,000 shares or more; and located in Davidson -- or one of the immediate surrounding counties.

LocalShares, Inc. was founded in 2010 by Nashville business executives Elizabeth Seigenthaler Courtney, CEO of Seigenthaler Public Relations, Inc., William S. Decker, CEO of Decker Wealth Management, LLC and Michael D. Shmerling, chairman of XMi Holdings, to provide financial services products focused on the potential of geographic locations, such as American cities, as demonstrated by the publicly-traded companies that surround them. 

An active secondary market for the Fund's shares may not exist. Although the Fund's shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained.

All ETF products are subject to risk, which may result in the loss of principal. Investment in smaller companies typically exhibit higher volatility. The Fund will invest substantially all of its assets in the securities of companies that have their headquarters or principal place of business located in the Nashville, Tennessee region. The Fund may be impacted by events or conditions affecting the region to a greater extent than a fund that did not focus its investments in that manner. The fund is expected to invest a relatively large percentage of its assets in the healthcare sector and negative performance of the sector will negatively impact the fund. Diversification may not protect against investment loss.

Carefully consider the Nashville Area ETF's investment objective, risk factors, and charges and expenses before investing. This and other important information can be found in the Nashville Area ETF's Prospectus, which may be obtained by calling 1-855-480-NASH (6274). Read it carefully before investing.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. SEI Investments Distribution Co. is the distributor for the Nashville Area ETF. SEI Investments Distribution Co., 1 Freedom Valley Drive, Oaks, PA, 19456.

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