Media

Press Releases Grail Advisors Forms Strategic Relationship with Doubleline Capital | June 24, 2010 Grail Advisors add Western Asset Management to Growing List of Strategic Partners | May 17, 2010 Grail Advisors Issues White Paper on Exchange-Traded Bond Funds | April 20, 2010 Barron's: Passive Management Flashes an Aggressive Side | April 12, 2010 Morningstar: Tax-Free Bonds: Big Changes in the Marketplace | April 9, 2010 Trading Begins for Actively-Managed Bond ETFs From Grail Advisors | January 29, 2010 Former Janus CEO Joins Grail Advisors Advisory Board | January 13, 2010 Grail Advisors Issues White Paper on Exchange-Traded Funds | August 18, 2009 Grail Advisors to Launch Industry's First Single Manager ETFs Using Traditional Active Management | June 9, 2009 Grail American Beacon Large Cap Value ETF (GVT) Begins Trading on NYSE | May 4, 2009 Grail Advisors Sets Executive Team for Distribution of Industry's First Actively-Managed Exchange Traded Equity Funds | April 2, 2009 Grail Advisors to Launch First Actively-Managed Exchange Traded Equity Funds | January 15, 2009

Media Contact: Morrison Shafroth | E-mail: mshafroth@csg-pr.com Phone: 720.470.3653   In the News Barron's: Passive Management Flashes an Aggressive Side | April 12, 2010 Morningstar: Tax-Free Bonds: Big Changes in the Marketplace | April 9, 2010

There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available in the disclosure.

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 American Beacon ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the McDonnell ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the RiverPark ETFs or to obtain a Prospectus, call (212) 484-2100. Please read the Prospectus carefully before investing.

Grail American Beacon Large Cap Value ETF, Grail McDonnell Intermediate Municipal Bond ETF, Grail McDonnell Core Taxable Bond ETF, RP Growth ETF, RP Focused Large Cap Growth ETF, RP Technology ETF and RP Financials ETF are distributed by ALPS Distributors, Inc.

ALPS Distributors, Inc. is not affiliated with the Sub-Advisors Brandywine Global Investment Management, LLC, Hotchkis and Wiley Capital Management, LLC, Metropolitan West Capital Management, LLC "MetWest", Wedgewood Partners, RiverPark Capital or McDonnell Investment Management, LLC.

© 2009-2010 Grail Advisors, LLC - All rights reserved.