After careful consideration, the Board of Trustees of the FaithShares Trust (the “Trust”) has determined to close and liquidate the FaithShares Baptist Values Fund (FZB), the FaithShares Catholic Values Fund (FCV), the FaithShares Lutheran Values Fund (FKL) and the FaithShares Methodist Values Fund (FMV) (each a “Liquidating Fund,” and, collectively, the “Liquidating Funds”). The Christian Values Fund (FOC) will remain open.
The last day of trading of each Liquidating Fund’s shares on the NYSE Arca will be July 15, 2011. Shareholders may sell Fund shares through a broker in the standard manner through this date. Customary brokerage charges may apply to such transactions. Each Liquidating Fund will be closed to new investors as of July 15, 2011. Between July 20 and July 27, the Liquidating Funds will be in the process of liquidating their portfolio assets. This will cause the Funds to increase their cash holdings and deviate from the investment objective and strategies stated in the prospectus.
Shareholders remaining in a Liquidating Fund on July 27, 2011 will have their shares redeemed automatically on this date and will receive cash in an amount equal to the net asset value of their shares as of the close of business on July 27. This amount includes any accrued capital gains and dividends. Shareholders remaining in a Liquidating Fund on July 27 will not be charged any transaction fees by a Liquidating Fund. The net asset value of a Liquidating Fund will reflect the costs of closing the Liquidating Fund.
Whether you sell your shares or are automatically redeemed on July 27, you will generally recognize a capital gain (or loss) equal to the amount you receive for your shares above (or below) or adjusted cost basis in such shares.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-877-FAITH55 (1.877.324.8455), or by visiting www.faithshares.com.Read the prospectus carefully before investing.
This information is not an offer to sell or a solicitation of an offer to buy shares of any Fund to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility.
FaithShares Funds are distributed by SEI Investments Distribution Co., which is not affiliated with FaithShares Advisors, LLC or any of its affiliates.
Gregory FCA Communications
Luke Napoli, 610-228-2127