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New York, September 18, 2025

Man Group, a leading global alternative investment manager, announced today the launch of its first-ever ETFs (the “Funds”), Man Active High Yield ETF (“MHY”) and Man Active Income ETF (“MANI”). The actively managed credit funds, which are listed on NYSE, seek to deliver income and capital growth over the medium to long-term, and provide US investors access to Man Group’s $42.7bn* global credit platform and institutional-grade strategies.

MHY is managed by Mike Scott, CFA, Head of Global High Yield and Credit Opportunities, Man Group. Mike leads the Global High Yield and Credit Opportunities team, which together manages more than $8.9bn across all strategies. MHY will invest at least 80% of its net assets in high yield securities and up to 30% of its net assets specifically in securities rated below B3 by Moody’s or lower than B- by S&P/Fitch.

Scott said:

"High yield credit brings a historically compelling return profile, and demonstrates more resilience than equities during periods of market turbulence.¹ Larger issuers dominate the high yield market, which leads to large concentrations of debt. Our team favors small and medium sized issuers – a neglected area that typically tends to offer attractive investment opportunities. High yield also carries improved credit quality, which we believe makes this an excellent time to enter the space."

MANI is managed by Jonathan Golan, Head of Investment Grade and Dynamic Credit, Man Group. The Fund seeks to provide current income and capital growth over a medium to long-term period by investing primarily in debt instruments across multiple credit sectors. The Fund will take a bottom-up investment approach, focusing on corporate, government, and securitized debt. The Fund may also hold other investment instruments such as convertible bonds, hybrid securities, and other fixed income and equity linked investments.

Golan said:

"Instead of using benchmarks to guide asset allocation, MANI will seek to use the margin of safety² to guide asset allocation and invest in securities that we believe represent opportunities across the corporate and securitized bond markets. The Fund will not have a fixed geographical or sectoral focus, but rather navigate through the cycle between markets, sectors, and individual companies which in our view present the best prospects for income and capital growth."

Mark Bedford, Global Head of Wealth, Man Group, said:

"These Funds complement our broader capabilities and offer investors diversified sources of income in the vehicles they want. Credit ETFs are one of the fastest growing segments of the ETF universe, while active ETFs are expected to quadruple in the next five years.³ We’ve long been in the business of broadening our capabilities and are pleased that our deep institutional knowledge within global credit and alternatives will now be accessible to the average investor in the US wealth marketplace."

An investor should consider the investment objectives, risks, and charges and expenses of the funds carefully before investing. A prospectus and a summary prospectus which contains this and other information about the funds may be obtained by calling +1 866-505-1108 or visiting www.man.com/etfs. The prospectus and a summary prospectus should be read carefully before investing.

Investing involves risk, including possible loss of principal. ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they returns. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid, and more volatile than securities markets in more developed markets. The Funds are non-diversified, which means that it may invest a greater percentage of its assets than a diversified mutual fund in the securities of a limited number of issuers. Mortgage- and asset-backed securities may decline in value and become less liquid when defaults on the underlying mortgages or assets occur and may exhibit additional volatility in periods of rising interest rates.

Shares of the ETFs may only be purchased on the New York Stock Exchange through a U.S. registered broker-dealer.

The Man Active Income ETF and the Man Active High Yield ETF are distributed by Foreside Financial Services, LLC., a registered broker-dealer and FINRA member.

* As of 30 June 2025.
1. As represented by Global High Yield: ICE BofA Global High Yield Index compared to the S&P 500 Index.
2. Margin of safety refers to the difference between the fund manager’s assessment of the fair value of a security and the market price of that security.
3. Source: Deloitte as of April 24, 2025.