Man ETF Series Trust – Man Active Trend Enhanced ETF is an actively managed exchange-traded fund that seeks capital growth by combining a U.S. equity strategy with a quantitative, global trend-following strategy. Trading on the Nasdaq Stock Market under the ticker MATE, the Fund invests in U.S. large-capitalization equities, U.S. equity exchange-traded funds and U.S. equity-index futures to provide broad U.S. equity-market exposure, including exposure designed to efficiently replicate the S&P 500; futures, forwards, options and, where applicable, equity securities to establish long and short positions across developed and emerging-market equities, fixed income, currencies and commodities; and U.S. Treasury securities, cash and cash equivalents for derivatives collateral and incremental income. The Fund targets 100% exposure to each of its equity and trend-following strategies, creating leveraged aggregate economic exposure through cash-efficient instruments. Its quantitative process, implemented principally by AHL Partners LLP, evaluates market momentum signals, historical relationships, market correlations, expected returns, liquidity and implementation costs to identify and manage directional trends across liquid global futures and forwards markets. The Fund obtains commodity-futures exposure through a wholly owned Cayman Islands subsidiary, which invests in commodity-linked futures, forwards, swaps and related margin or collateral instruments. Man Solutions LLC serves as investment adviser, AHL Partners LLP serves as sub-adviser, and Russell Korgaonkar and Giuliana Bordigoni manage the Fund’s day-to-day investments. Individual investors buy and sell Fund shares through U.S. registered broker-dealers on Nasdaq, while authorized participants transact directly with the Fund in creation units of 20,000 shares. The Fund is non-diversified, has a 0.97% estimated annual expense ratio, and is distributed by Foreside Financial Services LLC. Launched on December 16, 2025, MATE is a series of Man ETF Series Trust, a U.S.-domiciled trust sponsored within the Man Group investment-management platform. The Fund’s latest major development is its December 2025 launch alongside the Man Active Emerging Markets Alternatives ETF, expanding Man Group’s U.S. wealth-market ETF range to four actively managed funds and extending the firm’s systematic, institutional-style quantitative investment capabilities to U.S. ETF investors.