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Written by Cinthia Murphy
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Thursday, 29 October 2009 12:33 |
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OOK Inc. has launched an exchange-traded fund that will invest solely in Oklahoma-based companies.
The new fund (NYSEArca: OOK) is the first of its kind.
OOK will track the SPADE Oklahoma Index, which comprises publicly traded Oklahoma-based companies with a minimum market capitalization of $100 million. The index has posted year-to-date gains as of Sept. 30 of 37.8 percent.
Though weighting in the index is based on market capitalization, no company can account for more than 10 percent of the portfolio to meet asset diversification goals. Some 29 company names comprised the portfolio at launch.
| OOK Portfolio As Of 10/28/09 |
| Security |
Symbol |
| AAON Inc |
AAON |
| Alliance Holdings GP LP |
AHGP |
| Alliance Resource Partners LP |
ARLP |
| Arena Resources Inc |
ARD |
| BOK Financial Corp |
BOKF |
| Bancfirst Corp |
BANF |
| Bronco Drilling Co Inc |
BRNC |
| Chesapeake Energy Corp |
CHK |
| Continental Resources Inc/OK |
CLR |
| Devon Energy Co |
DVN |
| Dollar Thrifty Automotive Group |
DTG |
| GMX Resources Inc |
GMXR |
| Gulfport Energy Corp |
GPOR |
| Helmerich & Payne Inc |
HP |
| LSB Industries Inc |
LXU |
| Magellan Midstream Partners LP |
MMP |
| Matrix Service Co |
MTRX |
| OGE Energy Corp |
OGE |
| Oneok Inc |
OKE |
| ONEOK Partners LP |
OKS |
| Orchids Paper Pr |
TIS |
| Pre-Paid Legal Services Inc |
PPD |
| Sandridge Energy Inc |
SD |
| Sonic Corp |
SONC |
| Southwest Bancorp Inc |
OKSB |
| Unit Corp |
UNT |
| Williams Cos Inc/The |
WMB |
| Williams Partners LP |
WMZ |
| Williams Pipeline Partners LP |
WPZ |
OOK comes with annual expenses of 0.85 percent. The fund has OOK Advisors, LLC, for investment adviser.
You can read the prospectus here.
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