LifeX 2040 Term Income ETF and LifeX 2045 Term Income ETF are expected to liquidate on or about August 22, 2025

LifeX Term Income ETFs (“LifeX”) has announced that it will close and liquidate two exchange-traded funds to simplify its fund lineup.

LifeX will be liquidating the LifeX 2040 Term Income ETF and LifeX 2045 Term Income ETF (together, the “Liquidating ETFs”) (such transactions, the “Liquidations”).

The Liquidations are expected to take place on or about August 22, 2025 (the “Liquidation Date”). August 20, 2025 is expected to be the last full day of trading for the Liquidating ETFs’ shares. The Liquidating ETFs expect to operate pursuant to their stated investment strategies through the Liquidation Date.

While the investment objective of each Liquidating ETF is to provide monthly distributions through the year in such Liquidating ETF’s name, the Liquidating ETFs will instead seek to liquidate and distribute their remaining assets to shareholders promptly following the Liquidation Date. In each case, the liquidation proceeds are expected to be distributed promptly following the Liquidation Date in full redemption of each shareholder’s shares of the Liquidating ETFs.

For additional information about the liquidations, shareholders of the Liquidating ETFs may call 855-609-3680.

About LifeX Term Income ETFs

LifeX Term Income ETFs are designed to provide reliable monthly distributions consisting of income and principal through the end of a calendar year specified in the ETF’s prospectus. To learn more, please visit lifexfunds.com

Risk Disclosures

Investing involves risk. Principal loss is possible.

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the fund, please visit lifexfunds.com or call 855-609-3680. Please read the prospectus carefully before investing.

Distributed by Foreside Financial Services, LLC.

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