OAEM

OAEM

OneAscent Emerging Markets ETF

The OneAscent Emerging Markets fund takes an innovative approach to equity investing. The strategy combines the OneAscent Elevate Screening Process along with the investment team’s Life Cycle Investment approach. The team conducts extensive fundamental analysis to arrive at a concentrated portfolio of companies in emerging economies it believes are more likely to outperform.

Key Uniques:

1

A Focus on Societal Impact

With the help of the OneAscent Elevate Screening methodology, the investment team seeks out those companies around the world that are providing goods or services that advance the flourishing of society. A deep dive into a company’s business model, stakeholder policies, and overall community impact helps to eliminate those companies that do not share our values and thereby allowing the team to focus on companies in which our clients can be proud to own.
2

Unique Fundamental Framework

The investment team believes companies go through a natural corporate “Life Cycle” and understanding where a company lies along that spectrum is central to the fundamental investment process. With the help of quantitative tools, the team is able to segregate the investment universe into life cycle stages and more accurately identifying a company’s real asset growth and return on invested capital. Using this lens, the team applies a rigorous fundamental analysis process to help identify those companies more likely to create ongoing shareholder value.
3

Experienced Global Investment Team

The investment team is led by a portfolio manager with decades of investment experience. The team manages multiple, high conviction portfolio using the same rigorous bottom-up investment process.
Fund Details As of 09/04/2026
TickerOAEM
CUSIP90470L469
Inception Date9/14/22
Net Assets$132,329,081.45
Net Expense Ratio1.25%
Gross Expense Ratio1.22%
Primary ExchangeNYSE Arca
Distribution FrequencyAnnually
Shares Outstanding2,675,000
Fund Price As of 09/04/2026
NAV$49.47
Market Price$50.12
30-Day Median Bid/Ask Spread0.49%
Premium/Discount1.30%
×
Historical Premium/Discount
The table above shows the number of days the fund traded at a premium or discount to its NAV. A premium occurs when the market price is higher than the NAV, while a discount occurs when the market price is lower.
30-Day Median Bid/Ask Spread gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

Premium Discount is the amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Investment Process

Idea Generation

Narrow investable universe to identify companies with the greatest likelihood to outperform

Life Cycle Analysis

Segment companies into 5 corporate life cycle stages and rank for their ability to create compelling value

Valuation Analysis

Build discounted cash flow model to highlight key valuation drivers and unique sensitivities

Fundamental Analysis

Analyze company's management team, board, supply, chain, M&A history, and competitive positioning

Portfolio Construction

Optimize portfolio with emphasis on high active share and consistent risk-adjusted expected returns
An actively managed, high-conviction portfolio that we believe positively impacts the world
The investable universe is defined as U.S. Companies with a market capitalization greater than $5 billion at the time of initial purchase.

Performance

Trailing Returns

Performance as of 06/30/2026

3 Month YTD 1 Year 3 Year Since Inception
OneAscent Emerging Markets ETF (Price) 23.74% 36.20% 55.36% 21.41% 21.05%
OneAscent Emerging Markets ETF (NAV) 26.39% 34.52% 53.97% 20.83% 20.59%
MSCI EM (EMERGING MARKETS) Net (USD) 24.05% 23.85% 43.51% 23.03% 19.29%
The MSCI Emerging Markets Index captures large and mid cap representation across Emerging Markets countries. The index covers approximately 85% of the free float-adjusted market capitalization in each country.

Source: Morningstar Direct

Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance current to the most recent month end, please call 1-800-222-8274.

The Fund’s gross expense is 1.22%; due to fee recoupment of 0.03%, the total Fund net expense is 1.25%. The Fund’s adviser contractually has agreed to waive its management fee and/or reimburse expenses so that total annual Fund operating expenses, do not exceed 1.25% through December 31, 2026.

Elevate Stories

When a company elevates every single person and every square inch, they create stories worth sharing. Below are examples from this fund.

TSMC

Semiconductor demands will require $3 trillion in global R&D investment over the next decade.¹
Taiwan Semiconductor Manufacturing Company created a Supplier Sustainability Academy to address the issue. The revolutionary, open-source educational platform has delivered cutting-edge courses to over 200,000 supply chain workers.
Learn More

Bharat Petroleum Corp Ltd

In many parts of India, especially rural or underserved regions, access to reliable energy remains a complex issue.²
Bharat Petroleum elevates local communities by bringing energy infrastructure to rural India. Bharat Petroleum Corporation Limited (BPCL) and Oil India Limited (OIL), both Maharatna PSUs, signed a joint venture agreement in Mumbai to launch a city gas distribution (CGD) network in Arunachal Pradesh. The new joint venture company will roll out compressed natural gas (CNG) stations and piped natural gas (PNG) infrastructure across the state, targeting households, businesses, and industries.
Learn More

South Indian Bank

Millions of low‑income and rural households in India remain excluded from formal banking, forcing them to rely on informal, high‑risk moneylenders, face collateral barriers, and lack access to reliable financial services.³
South Indian Bank elevates communitiesby bringing formal banking to low-income households. South Indian Bank’s microfinance services directly address this gap by offering accessible, reliable, and affordable financial services to underserved households. According to a JETIR study, the bank’s microfinance programs produce significant socio‑economic improvements, increasing household income, improving living standards, and generating high client satisfaction, particularly due to supportive staff and effective lending assistance.
Learn More

PINFRA

Deteriorating roads, bridges, seaports, airports, and land ports are struggling to meet necessary service levels, leading to increased congestion, higher operational costs, and reduced efficiency across transport networks.⁴
PINFRA elevates society by enhancing Mexico’s transportation infrastructure. PINFRA participates in addressing Mexcio’s infrastructure challenges by developing, expanding, and operating key toll road concessions and transport corridors throughout Mexico. These projects help reduce travel times, expand capacity, and improve regional linkage across major economic routes.
Learn More

Samsung Electronics

Around the world, millions of students and young adults lack access to the digital skills and training needed to compete in a rapidly evolving, technology-driven economy. This digital divide limits career opportunities and slows economic progress in many communities.⁵
Samsung empowers future innovators by investing in large-scale education and skills programs. Through initiatives such as Samsung Solve for Tomorrow and Samsung Innovation Campus, the company provides free STEM education, coding bootcamps, and hands-on technology training to students and young entrepreneurs. These programs foster critical thinking, creativity, and technical expertise—equipping participants with the skills required for careers in science, engineering, and digital industries.
Learn More

Allocations as of 9/4/2026

Sector Allocation
As a percent of net assets. Portfolio Holdings are subject to change and should not be considered investment advice. Current and future portfolio holdings are subject to risk.

Documents

Summary Prospectus
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Prospectus
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SAI
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Semi-Annual Report
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Annual Report
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Fact Sheet
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Quarterly Holdings
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Quarterly Commentary
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Form N-PX
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N-CSR
Semi-Annual
Annual
China Investment Policy
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Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 1-800-222-8274 or clicking the link above. The fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with OneAscent Investment Solutions, LLC.

Important Risk Information:
Exchange-traded funds involve risk including the possible loss of principal. Past performance does not guarantee future results.

The Adviser invests in securities only if they meet both the Fund’s investment and values-based screening requirements, and as such, the returns may be lower than if the Adviser made decisions based solely on investment considerations.

The Fund faces numerous market trading risks, including the potential lack of an active market for Fund sharers, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund. These factors may lead to the Fund’s shares trading at a premium or discount to NAV.

Additional risks are included in the Fund prospectus.

1Source: Varas, Antonio, Raj Varadarajan, Jimmy Goodrich, Falan Yinug. “Strengthening the Global Semiconductor Supply Chain in an Uncertain Era.” BCG & SIA.
2Source: https://timesofindia.indiatimes.com/city/guwahati/bpcl-oil-ink-pact-to-promote-clean-energy-access-in-arunachal/articleshow/123531907.cms
3Source: https://www.jetir.org/papers/JETIR2503288.pdf
4Source: https://mexicobusiness.news/infrastructure/news/maintenance-gap-threatens-nearshoring-competitiveness-bi
5Source: https://csr.samsung.com/en/