ADVISOR MANAGED PORTFOLIOS TRENCHLESS FUND ETF

The Fund is actively managed and seeks capital appreciation by investing in securities that R1VER believes have an above-average probability of outperforming the S&P 500® Index over all time horizons. The Fund’s strategy is an equity strategy that aims to provide better risk-adjusted returns across market cycles compared to investing solely in the securities of companies that comprise U.S. large-capitalization indices, such as the S&P 500® Index.