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Empowered Funds LLC will liquidate the Sophus Capital Emerging Market ETF (EMEM) and Sophus Capital Emerging Market Small Cap ETF (EMSC) on or about September 28, 2026.
Both funds will cease trading on NASDAQ and close to new purchases and to creation/redemption orders after the close of regular trading on September 25, 2026. Shareholders may sell shares before liquidation but may face limited market liquidity and usual brokerage charges. Around the liquidation date, portfolios may deviate from stated objectives as cash holdings increase. Shortly after the liquidation date, each fund will distribute cash pro rata to shareholders of record, with NAV reflecting any closing costs, and then terminate; distributions are generally taxable events and may include accrued capital gains and dividends.