Creator of PowerShares $6.6bln SPLV ETF Launches Next Generation Low-Vol Rotation ETF (ticker: LVHB)

WHEATON, IL--(Marketwired - Oct 20, 2016) - Elkhorn Investments, LLC, a pioneer of research-based investing and a strategic partner of Barclays, announced today the launch of the Elkhorn Lunt Low Vol/High Beta Tactical ETF (BATS: LVHB), a next generation, low-volatility rotation ETF. In addition, Soltis Investment Advisors, a Utah-based RIA, has committed to an initial investment of $50mln in LVHB to enhance their U.S. equity strategy.

LVHB tracks the Lunt Capital U.S. Large Cap Equity Rotation Index, which is based on Lunt Capital's proprietary risk-adjusted momentum strategy and calculated by S&P. The index is binary in nature, switching between being fully invested in the S&P 500 Low Volatility Index and the S&P 500 High Beta Index in an effort to generate alpha. The index evaluates the two sub-indices on a monthly basis, choosing the index with the stronger risk-adjusted relative strength.

While at PowerShares in 2011, Ben Fulton built the first low-volatility ETF, SPLV, which has accumulated over $6.6bln in AUM. "Low-volatility strategies have become popular in the past several years, but recent underperformance has shown investors that low-volatility isn't always the best place to be," said Ben Fulton, CEO of Elkhorn Investments. "Factors, including low-volatility, have their own season and Lunt Capital's strategy allows investors to tactically rotate between low-volatility and high-beta stocks within the tax-efficient ETF structure."

"Factor rotation may generate alpha over a static, low-volatility allocation," said John Lunt, President of Lunt Capital. "Using a rules-based strategy to capture the wide dispersion between low-volatility and high-beta stocks offers investors a passive means to generate alpha in their portfolios."

As investors look for alternatives to active large-cap managers, LVHB offers a simple, yet dynamic low-volatility rotation strategy. According to the SPIVA report published by S&P on September 15, 2016, less than 12% of active managers within the U.S. Large-Cap Core mutual funds category have outperformed the S&P 500 Index over the last 10 years.

"We are excited to partner with Elkhorn and Lunt as we invest in the Elkhorn Lunt Low Vol/High Beta Tactical ETF. We believe in low-volatility investing, but also know that it does not always outperform. The fund seeks to offer a better way to be invested in U.S. large cap equities," said Hal Anderson, President, CEO and CIO of Soltis Investment Advisors. "We anticipate that the fund will serve as a long-term core component of our U.S. large cap equity strategy."

This is the sixth ETF launched by Elkhorn following the recent launches of the Research Affiliates-based Elkhorn Fundamental Commodity Strategy ETF (BATS: RCOM) and the Dorsey Wright-based Elkhorn Commodity Rotation Strategy ETF (NASDAQ: DWAC) last month. Elkhorn also offers the only investment grade preferred ETF, the Elkhorn S&P High Quality Preferred ETF (BATS: EPRF).

About Elkhorn
Founded in 2013 by Ben Fulton, a recognized leader and pioneer of the ETF industry, Elkhorn is redefining the relationship between investment strategy and product structure: designing, sponsoring and distributing innovative, research-based investments solutions. At Elkhorn, research drives design and advisors drive structural decisions. Elkhorn has a strategic relationship with Barclays which has increased the capacity of investment solutions offered by Elkhorn. To learn more about Elkhorn please visit www.elkhorn.com.

About Lunt Capital
Lunt Capital Management, Inc. is an SEC registered advisor, based in Salt Lake City, Utah. Lunt Capital offers a variety of unique, rules-based, tactically managed investment strategies for a range of investment objectives, from conservative to aggressive. These investment strategies are available as third-party asset management solutions to financial advisors.

About S&P
S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SPLV AUM as of 10/19/2016, Source: Invesco PowerShares

Important Information
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. Beta investing entails investing in securities that are more volatile based on historical market index data. The fund may be more volatile since it will, from time to time, seek to have exposure to the most volatile securities. Volatile stocks may be subject to sharp swings in value, and may change unpredictably, affecting the value of such equity securities and, consequently, the value of the Shares. The fund is new and has a limited operating history.

Alpha is a measure of performance on a risk-adjusted basis. High beta stocks are the 100 stocks from the S&P 500 with the highest sensitivity to market movements, or beta, over the past 12 months. Low vol stocks are the 100 stocks from the S&P 500 with the lowest realized volatility over the past 12 months.

Shares are not individually redeemable and owners of the shares may acquire those shares from the fund and tender those shares for redemption to the fund in Creation Units only, typically consisting of 50,000 Shares.

Elkhorn Investments, Invesco PowerShares, Lunt Capital Management, S&P Dow Jones Indices, Soltis Investment Advisors, and ALPS Distributors, Inc. are not affiliated with each other. ALPS Distributors, Inc. is the distributor of Elkhorn exchange-traded funds.

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 1.630.384.8700. Read the prospectus carefully before investing.