Humankind Investments Announces Liquidation of the Humankind US Stock ETF

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10/17/2025 - 04:15 PM

The last day of trading will be December 1, 2025.

NEW YORK--(BUSINESS WIRE)-- Upon the recommendation of Humankind Investments LLC, the Directors of the Humankind Benefit Corporation (the "Board") has authorized an orderly liquidation of the Humankind US Stock ETF (NYSE: HKND; the "Fund"). After careful consideration of a number of factors, including its inability to attract sufficient investment assets, the Board concluded that it is advisable and in the best interest of the Fund and its shareholders to liquidate the Fund.

The last day of trading of the Fund's shares on the NYSE will be 12/01/2025 ("Closing Date"), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized participants may redeem baskets of shares for a pro rata portion of the Fund's portfolio on hand through the Closing Date.

The Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on 12/08/2025 ("Liquidation Date"). From the Closing Date through the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund's shares during this period. Between the Closing Date and the Liquidation Date, the Fund will be in the process of closing and liquidating its portfolio. This process will result in the Fund increasing its cash holdings and, consequently, not tracking the investment objective as defined in the Prospectus.

Shareholders remaining on 12/08/2025, will receive cash at the net asset value of their shares as of that date, including any capital gains and dividends as of said date. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of the Fund's shares may be treated as a taxable event. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation. Once the distributions are complete, the Fund will terminate.

About Humankind Investments

Humankind Investments LLC serves as investment adviser to the Humankind US Stock ETF and is paid a management fee for its services.

Humankind Investments was founded on the premise that it would be better for all of us if we paid closer attention to how our investments affect humankind. We are a quantitatively driven investment manager whose mission is to give investors concrete and measurable ways to invest in a manner that generates rewards for themselves and for humanity. Our robo advisor, Humankind Portfolios, provides our clients with the opportunity to invest in accordance with our universalist, humanistic philosophy. Learn more at app.humankind.co.

This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus, and SAI and should be read in conjunction with those documents. The Summary Prospectus, Prospectus and SAI have each been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of these documents may be obtained without charge by visiting www.humankindfunds.com.

Risks: Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor's shares, when redeemed, may be worth more or less than their original cost. ETFs are subject to issuer risks and other risks specific to the Fund.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Humankind US Stock ETF. This and other important information about the Fund are contained in the prospectus, which can be obtained at www.humankindfunds.com. The prospectus should be read carefully before investing. The Humankind US Stock ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Humankind Investments LLC is not affiliated with Northern Lights Distributors, LLC.