Man Active High Yield ETF

Commissions, management fees and expenses all may be associated with investing in the Fund. The Funds’ returns are not guaranteed, their values change frequently, and past performance may not be repeated. Tax investment and all other decisions should be made with guidance from a qualified professional.

• Not FDIC Insured • No Bank Guarantee • May Lose Value

Investing involves risk, including possible loss of principal.

Risk Summary

The Fund may not achieve its investment objective and an investment in the Fund is not by itself a complete or balanced investment program. An investment in the Fund involves the risk of total loss. In addition to these risks, the Fund is subject to a number of additional principal risks that may affect the value of its shares.

Credit Risk - The Fund could lose money if the issuer or guarantor of a fixed income security, or the counterparty of a derivatives contract or repurchase agreement, is unable or unwilling to make a timely payment of principal and/or interest, or to otherwise honor its obligations. Credit ratings do not provide assurance against default or other loss of money.

Derivatives Risk - Derivatives may be more sensitive to changes in market conditions and may amplify risks.

Foreign and Emerging Markets Risk - 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.

ETF Risk - 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.

Fixed-Income Securities Risk - Fixed-income securities are subject to the risk of the issuer’s inability to meet principal and interest payments on its obligations (i.e. credit risk) and are subject to price volatility resulting from, among other things, interest rate sensitivity (i.e. interest rate risk), market perception of the creditworthiness of the issuer and general market liquidity (i.e. market risk).

High Yield Securities Risk - High yield securities and unrated securities of similar credit quality (commonly known as "junk bonds”) are considered speculative and have a much greater risk of default or of not returning principal and their values tend to be more volatile than higher-rated securities with similar maturities.

Distressed and Defaulted Securities Risk - Distressed and defaulted securities are speculative and involve substantial risks in addition to the risks of investing in high yield securities. These securities may present a substantial risk of default or may be in default at the time of investment, requiring the Fund to incur additional costs.

Mortgage- and Asset-Backed Securities Risk - 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.

New Fund Risk - The Fund is a new fund, with a limited or no operating history and a small asset base. There can be no assurance that the Fund will grow to or maintain a viable size.

Non-Diversification Risk - The Fund is 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.

The ICE BofA Global High Yield Index (USD TR) Hedged (the "Index") is a product of ICE Data Indices, LLC ("ICE Data") and is used with permission. ICE® is a registered trademark of ICE Data or its affiliates, and BofA® is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates ("BofA") and may not be used without BofA's prior written approval.

ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and your use is at your own risk.

Inclusion of a security within an index is not a recommendation by ICE Data to buy, sell, or hold such security, nor is it considered to be investment advice. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Man Group, or any of its products or services.

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