RP Growth
as of 07/30/2010
TICKER: RPX
NAV: $26.95
MARKET PRICE*: $26.79
FUND DATA >>
RP Focused Lrg Cap Gr
TICKER: RWG
NAV: $26.58
MARKET PRICE*: $26.53
FUND DATA >>
RP Technology
TICKER: RPQ
NAV: $28.49
MARKET PRICE*: $28.82
FUND DATA >>
RP Financials
TICKER: RFF
NAV: $25.06
MARKET PRICE*: $25.01
FUND DATA >>

Grail Advisors Actively Managed ETFs

Tax Advantages

The key tax advantages for ETFs is that most transactions at the fund level occur via in-kind exchange of fund shares for securities--the ETF does not typically have to buy or sell shares directly. This avoids taxable events and creates little or no capital gains to distribute.

RiverPark does not offer tax advice and investors should consult their own tax advisors for information regarding their own tax situation.

Grail Advisors Actively Managed ETFs are not managed with an objective to avoid capital gains distributions.

*Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available by clicking the risks link above. The ETFs are new and have limited operating history. Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund(s), typically in blocks of 50,000 shares.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the Grail Advisors Actively Managed ETFs (RP Growth, RP Focused Large Cap Growth, RP Technology and RP Financials ETFs) or to obtain a Prospectus click here or call 212.484.2100. Please read the Prospectus carefully before investing.

Grail Advisors Actively Managed ETFs (RP Growth, RP Focused Large Cap Growth, RP Technology and RP Financials ETFs) are distributed by ALPS Distributors, Inc. The RP ETFs are part of the Grail Advisors ETF Trust.