Towle Value ETF (TCV)
(the “Fund”)
September 9, 2026
Supplement to the Summary Prospectus, Prospectus, and
Statement of Additional Information (“SAI”),
each dated March 16, 2026, as previously supplemented
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THIS SUPPLEMENT CONTAINS IMPORTANT INFORMATION ABOUT CHANGES TO THE FUND’S NAME EFFECTIVE SEPTEMBER 30, 2026, AS DESCRIBED BELOW. |
Effective September 30, 2026, the Fund’s name will change to “Towle Small-Cap Value ETF”. Accordingly, effective September 30, 2026, all references in the Summary Prospectus, Prospectus, and SAI to “Towle Value ETF” are replaced with “Towle Small-Cap Value ETF”.
Please retain this Supplement for future reference.