On November 6, 2026, the Predecessor Fund, will be reorganized into the U.S. Fund, and upon completion of such reorganization the U.S. Fund will commence operations as an exchange-traded fund. The U.S. Fund will adopt the performance of the Predecessor Fund, and performance information shown below for the period prior to November 9, 2026 reflects that of Institutional Class shares of the Predecessor Fund, which had a different fee structure than the U.S. Fund. Past performance may have been different if the U.S. Fund’s current fee structure had been in place during the period prior to November 9, 2026.

The bar chart and table that follow provide some indication of the risks of investing in the U.S. Fund by showing changes in the U.S. Fund’s performance from year to year and by showing how the U.S. Fund’s average annual total returns for one year, five years, and ten years compare with those of a broad-based securities market index. Performance results shown in the bar chart and the performance table below for the periods prior to November 9, 2026, the date of the reorganization, reflect the performance of Institutional Class shares of the Predecessor Fund. How the Predecessor Fund has performed in the past (before and after taxes) is not necessarily an indication of how the U.S. Fund will perform in the future. Updated performance information, current through the most recent month end, is available by calling 1-833-VALUETF (1-833-825-8383) or by visiting the U.S. Fund’s website at www.lyricalam.com/etfs.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown above. After-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”).

On November 6, 2026, the Predecessor Fund will be reorganized into the International Fund, and upon completion of such reorganization the International Fund will commence operations as an exchange-traded fund. The International Fund will adopt the performance of the Predecessor Fund, and performance information shown below for the period prior to November 9, 2026 reflects that of Institutional Class shares of the Predecessor Fund, which had a different fee structure than the International Fund. Past performance may have been different if the International Fund’s current fee structure had been in place during the period prior to November 9, 2026.

The bar chart and table that follow provide some indication of the risks of investing in the International Fund by showing changes in the International Fund’s performance from year to year and by showing how the Institutional Class shares of the International Fund’s average annual total returns for one year, five years, and since inception compare with those of a broad-based securities market index. How the Predecessor Fund has performed in the past (before and after taxes) is not necessarily an indication of how the International Fund will perform in the future. Updated performance information, current through the most recent month end, is available by calling 1-833-VALUETF (1-833-825-8383) or by visiting the International Fund’s website at www.lyricalam.com/etfs.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown above. After-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”).