Javelin Exchange Traded Funds (“JETS”) Dow Jones Islamic Market International Index Fund seeks to match the performance of the Dow Jones Islamic Market (“DJIM”) Titans 100 Index. The index is composed of 100 companies located outside the United States, comprising some twenty-three countries and exposure to 18 different trading currencies. The fund anticipates a gross expense ratio of 0.68 percent.

“Adherence to Islamic law leads to a sound investment strategy with an emphasis on concrete assets and services,” sayss Javelin President and Founder Brint Frith. “By avoiding such areas as gaming and alcohol, the results are often similar to those of the socially responsible investment funds.”

Islamic finance rules are said to originate with the Prophet Mohammed in the 7th century.

In addition to alcohol and gaming, Islamic law prohibits investment in pork products and certain forms of entertainment. Because Shar’iah law also objects to borrowing or lending at interest, financial stocks are reduced as are highly leveraged companies.

The index’s largest sector weighting as of May 29, 2009 was oil & gas, followed by basic materials, health care, technology and telecommunications. As of that date, the United Kingdom showed the highest country allocation at 21.04 percent of the index, followed by Canada (10.71 percent), Japan (9.83 percent) and France (9.82 percent).

“With over seven million Muslims in the United States,” Frith adds, “we were surprised to discover that the investment needs of this vital population were not being met. Javelin is pleased to be serving this market.”

JVS began trading on July 1 at roughly 41.07 and was trading near 40.50 on July 2.

Javelin Investment Management was founded for the purpose of introducing a series of new and compelling ETFs. The JETS Dow Jones Islamic Market International Index Fund is its first offering.

The Dow Jones Islamic Market International Titans 100 Index (the “target index”) is an index maintained by Dow Jones Indexes based on a stringent and published methodology. The target index is a float-adjusted, market capitalization-weighted index consisting of 100 securities, each of which is a foreign security.