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2015-05-27

The NASDAQ OMX Group, Inc.: Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF

Fund is the First Ever Capital Expenditures ETFNEW YORK, May 27, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Elkhorn
Investments will list a new exchange-traded fund (ETF), The Elkhorn S&P 500
Capital Expenditures ETF (Symbol:CAPX), which will begin trading on The
Nasdaq Stock Market today, May 27, 2015.

"We are excited to bring the first capital expenditures (capex) ETF to
market," says Ben Fulton, former Managing Director of Global ETFs at Invesco
PowerShares and current CEO of Elkhorn Investments. "Capex is the
reinvestment of resources back into a business and a key driver of future
growth, yet an overlooked area of today's market. We believe investors are
looking for factors like capex efficiency, which identify companies that best
use today's resources for tomorrow's growth."

CAPX tracks the performance of the S&P 500 Capex Efficiency Index (Index)
which is designed to provide exposure to the 100 constituents of the S&P 500
which have exhibited the strongest capital discipline, in the form of
efficient capital expenditures, over the near term. The Index focuses on
capex efficiency, not just capex spending levels, providing exposure to
stocks that have maximized sales per unit of capital expenditures. Firms with
high capex efficiency have historically outperformed the broader market.

"We are thrilled that Elkhorn chose The Nasdaq Stock Market to list the first
capital expenditures ETF," said Jeff McCarthy, Vice President, Head of ETP
Listings at Nasdaq. "Nasdaq prides itself on innovation and leadership in the
ETF space and is focused on providing a full level of support for both new
and existing issuers."

Nasdaq operates an efficient platform for successfully introducing a product
suite into one of the single largest pools of liquidity, including market
participants which represent a full spectrum of investors. ETF issuers
benefit from an end-to-end solution that provides ongoing product support
including index licensing, listings opportunities, data offerings and trading
services. As the home to some of the world's most innovative ventures, Nasdaq
generates opportunities for issuers to access new markets and deliver new
concepts that change the way the industry develops, manages and applies ETFs.

About Elkhorn Investments:

Elkhorn is a leading independent investment solutions firm pioneering
innovative research-based financial products. By rethinking the relationship
between investment strategy and product structure, Elkhorn aims to design,
sponsor and distribute investable access to distinguished research in a wide
array of investment structures including ETFs, separately managed accounts
(SMAs), structured products and unit investment trusts (UITs).

About Nasdaq:

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with
confidence, using proven technologies that provide transparency and insight
for navigating today's global capital markets. As the creator of the world's
first electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,500 listed companies with a
market value of approximately $9.5 trillion and more than 10,000 corporate
clients. To learn more, visit:nasdaq.com/ambitionorbusiness.nasdaq.com.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements
about Nasdaq and its products and offerings. We caution that these statements
are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond Nasdaq's control. These factors include, but are not limited
to factors detailed in Nasdaq's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We undertake
no obligation to release any revisions to any forward-looking statements.

Nothing contained herein should be construed as investment advice from Nasdaq,
either on behalf of a particular financial product or an overall investment
strategy. Nasdaq makes no recommendation to buy or sell any financial product
or any representation about the financial condition of any company or fund.
Investors should undertake their own due diligence and carefully evaluate
financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS
STRONGLY ADVISED.

NDAQG

CONTACT: Elkhorn Investments Media Contact:
Bill Conboy
BC Capital Partners
303-415-2290
Bill@bccapitalpartners.com

Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire

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