m+ Nasdaq-100 Accelerator Autocall ETF MPIA

Important Fund Information



Investors should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 888-852-4281.

General Risks:

An investment in the Fund involves risk, including the possible loss of principal. There can be no assurance that the Fund will achieve its investment objective. The Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. Investment risks may increase during periods of market volatility; please refer to the Fund’s prospectus for a complete discussion of risks. The Fund’s share price may vary and investors can lose money. Shares trade at market prices, which might differ from NAV, and an active trading market is not guaranteed. Unlike mutual funds, shares cannot be redeemed individually but only in large units by authorized participants. If these participants leave, shares may trade at a premium or discount to NAV, with wider bid-ask spreads. Brokerage commissions and ETF expenses will reduce returns. The Fund may use options and option combinations, including strategies designed to replicate defined cash flows or manage financing exposures. These strategies are subject to risks related to pricing, liquidity, counterparty performance, and execution, and may perform differently than expected under certain market conditions. The Fund is subject to counterparty risk, meaning losses may occur if a derivatives counterparty or other contractual counterparty fails to meet its obligations. Certain investments may be less liquid or more difficult to value, particularly during periods of market stress. Fund distributions are not guaranteed and may vary from period to period. Tax treatment may change and may differ for individual investors. The Fund is classified as ‘non-diversified’ under the 1940 Act. The Fund’s performance may be more sensitive to any single economic, business, political or regulatory occurrence than the value of shares of a diversified investment company because, as a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers.

The information provided on this website is for informational purposes only and is not intended as investment advice or a recommendation to buy or sell any security. Investing involves risk, and investors should consult their financial, tax, or legal advisors before making investment decisions.

Selected Risks:

Contingent Income Risk. Coupon payments from the Autocallables are not guaranteed and will not be made if the Underlying Reference Index falls below the Coupon Barrier on observation dates. This means the Fund may generate significantly less income than anticipated during market downturns.

Authorized Participant Risk. Only certain financial institutions such as registered broker-dealers and banks that have entered into agreements with the Funds’ Distributor (“Authorized Participant” or “AP”) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). Authorized Participant concentration risk may be heightened for exchange-traded funds (ETFs), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.

Autocallable Structure Risk. The Fund’s returns are correlated to the performance of a theoretical portfolio of Autocallable notes reflected by the Autocall Index. Autocallables have specific structural features that may be unfamiliar to many investors.

Autocallable Structure Risk. The Fund’s returns are correlated to the performance of a portfolio of Autocallable notes reflected by the Autocall Index. Autocallables have specific structural features that may be unfamiliar to many investors.

Barrier Risk. Each Autocallable in the Index Portfolio includes a Maturity Barrier, expressed as a percentage of the level of the Underlying Reference Index on the date the Autocallable is issued. If, on the Maturity Date, the level of the Underlying Reference Index is at or above the Maturity Barrier, the principal amount of that Autocallable is generally returned in full.

If the Underlying Reference Index falls below the Maturity Barrier at maturity, the conditional protection provided by the Autocallable no longer applies, and the Autocallable becomes fully exposed to the negative performance of the Underlying Reference Index measured from its initial level. In that case, the principal amount repaid will decline by the same percentage as the decline in the Underlying Reference Index.

This structure results in a “binary outcome” at maturity, meaning that there are effectively two distinct results: either principal is returned in full if the Underlying Reference Index remains above the Maturity Barrier, or principal is reduced by the full amount of the Underlying Reference Index’s decline if the barrier is breached. As a result, relatively modest additional declines in the Underlying Reference Index below the Maturity Barrier can lead to sudden and significant losses of principal.

Because the Fund obtains exposure to Autocallables through the performance of the Index Portfolio under one or more Swap Agreements, any principal losses realized by one or more Autocallables will reduce the level of the Autocall Index and, in turn, negatively affect the value of the Fund.

Early Redemption Risk. Autocallables in the Index Portfolio may be called before their scheduled maturity if the Underlying Reference Index reaches or exceeds the Autocallable Barrier on observation dates. This automatic early redemption could force reinvestment of that portion of the Index Portfolio at lower rates if market yields have declined.

Volatility‑Target Index Risk. The Underlying Reference Index employs a volatility targeting mechanism which introduces specific risks:

• Decrement Feature Impact: Because the decrement is deducted regardless of market performance, it creates a constant performance drag that may cause the Index to underperform an otherwise similar equity index that does not include a decrement feature, particularly during periods of modest returns or sideways market conditions;
• Implied Volatility Limitations: The use of options prices to determine implied volatility may not accurately forecast actual market volatility, potentially resulting in suboptimal allocation decisions;
• Rebalancing Frequency Risk: The rebalancing schedule may be too infrequent during rapidly changing market conditions, potentially exposing the Fund to higher volatility than targeted; and
• Participation Limitation: During periods of rising markets that follow volatility spikes, the Underlying Reference Index may maintain reduced equity exposure, potentially limiting the Fund’s participation in market recoveries.

Correlation Risk. The Fund’s return is not likely to match the expected returns of the Index Portfolio or the return of the Autocall Index for a number of reasons, including the payment of periodic distributions to investors, operating expenses, transaction costs, cash management, market conditions, and differences in calculation methodologies.

Derivative Risk. Derivative instruments involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives may create leverage, and the loss on derivative transactions may substantially exceed the Fund’s initial investment. Some derivatives have the potential for unlimited losses.

Liquidity Risk. Liquidity risk exists when particular investments would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations.

Valuation Risk. The complex nature of autocallable structures and volatility-targeted indices may make accurate valuation difficult during market stress, potentially leading to significant premiums or discounts to NAV. In addition, during periods of reduced market liquidity or in the absence of readily available market quotations for the holdings of the Fund, the ability of the Fund to value the Swap Agreements may become more difficult.

Equity Securities Risk. The securities markets are volatile. The Fund’s exposure to the Underlying Reference Index subjects it to risks associated with equity markets. The value of the Underlying Reference Index may fluctuate, sometimes rapidly and unpredictably, due to factors affecting the U.S. equity markets generally or particular segments of the market. If the market prices of the securities to which the Underlying Reference Index is exposed decline, the value of your investment in the Fund will decline.

New Fund Risk. Because the Fund is recently launched, it has limited operating history. There can be no assurance that the investment strategy will perform as expected or achieve its long‑term objectives.

Definitions

Autocallable notes are market-linked investments that may offer enhanced coupon payments and be redeemed early if an underlying asset meets predefined conditions on scheduled observation dates.

Net Asset Value (NAV) represents the per‑share value of the ETF’s underlying assets, minus its liabilities. NAV is calculated at the end of each trading day by dividing the total value of the Fund’s holdings by the number of shares outstanding.

Market Price is the price at which ETF shares trade on the exchange during market hours. Unlike NAV, the market price fluctuates throughout the day based on supply and demand.

A Premium occurs when an ETF’s market price is higher than its NAV. A Discount occurs when the market price is lower than NAV. Premiums and discounts may arise due to trading activity, liquidity, or market conditions.

30‑Day Median Bid/Ask Spread measures the typical difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask), calculated over the last 30 calendar days. It is expressed as a percentage and reflects trading liquidity and transaction costs.

Expense Ratio is the annual fee expressed as a percentage of the Fund’s average net assets. It covers operating costs such as management, administration, and other fund expenses, and is deducted from the Fund’s assets.

The Fund’s expense ratio as of the prospectus dated 08.10.2026 is 0.70%.

Barclays US Tech Accelerator 6% Decrement USD ER Index is a volatility-targeted excess return index that provides dynamic exposure of 100%–400% to the Barclays US Tech Tracker ER Index, targeting 40% volatility and incorporating a 6% annual decrement deducted daily.

Non-Call Period is the period during which an autocallable may not be redeemed early.

Coupon Barrier is the threshold level of the underlying/reference index that must be met for a coupon payment to be made on an observation date.

Principal Barrier (Maturity Barrier) is the threshold level observed at maturity that determines whether principal is protected or participates in the negative performance of the underlying reference index.

The Fund uses swap agreements entered into with Barclays Bank PLC to gain exposure to the Barclays Nasdaq-100 Accelerator Autocallable Index and the Barclays US Tech Accelerator 6% Decrement USD ER Index (the “Indices”), which are licensed from Barclays Bank PLC. Barclays Bank PLC is not affiliated with the Fund and does not sponsor, endorse, issue, sell, or promote the Fund. Barclays Bank PLC does not act as an investment adviser and has no obligation or responsibility with respect to the Fund’s investment results, marketing, trading, or suitability for any investor. Barclays Bank PLC and its affiliates have no responsibility for, and make no representations regarding, the advisability of investing in the Fund. Information about the Fund is provided solely by the Fund and its affiliates, and investors should not rely on any statements or representations made by Barclays Bank PLC or its affiliates.

Nasdaq®, Nasdaq-100 Index® and Nasdaq-100® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Barclays and Alaia Capital, LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE