Time-weighted asset–liability matching ETFs to debut November 13th

Discipline Funds today announced the upcoming launch of the Defined Duration ETF suite, time-weighted asset–liability matching ETFs, scheduled to begin trading on November 13, 2025.1

The three funds — the Defined Duration 5 ETF (DDV), Defined Duration 10 ETF (DDX), and Defined Duration 20 ETF (DDXX) — are designed to seek to align investment portfolios with real-world financial planning horizons. Each fund targets a specific defined duration of 5, 10, or 20 years, which aims to help investors and financial planners match assets to liabilities within a comprehensive planning framework.

“Investors don’t think in style boxes, factors or alpha and beta – they think in time horizons,” said Cullen Roche, Founder of Discipline Funds. “These ETFs are aimed to help investors quantify their investment time horizons so they can better connect their portfolios to their financial plans.”

The Defined Duration ETF suite builds on the success of The Discipline Fund ETF (DSCF), which will convert to the Defined Duration 10 ETF (DDX) on November 5, 2025, aligning it with the broader product family. The update includes a reduction in total net expense ratio from 0.39% to 0.25% (gross expense ratio reduction from 0.43% to 0.29%)2 and enhancements to the underlying algorithm for potentially improved duration targeting and risk consistency.

Each fund applies the Defined Duration methodology, which quantifies the expected time horizon over which an asset may potentially generate a positive real return. This process seeks to allow investors to align each instrument with specific financial goals through a structured asset–liability matching approach.

The launch coincides with the forthcoming release of HourglassFP, Discipline Funds’ proprietary financial planning software that integrates balance-sheet analysis, risk profiling, and time-weighted asset allocation into one cohesive process.

“Modern portfolio design solves for style and size, but rarely for time,” added Roche. “We aim to help advisors and investors build portfolios that plan across time horizons, not just asset classes.”

About Discipline Funds

Discipline Funds is an independent investment management firm based in Encinitas, California, focused on delivering transparent, evidence-based strategies designed to bridge the gap between financial planning and portfolio management. The firm is best known for its Defined Duration Investing framework, which quantifies investment time horizons to create clarity and alignment between assets and long-term goals.

For more information about the Defined Duration ETFs and the HourglassFP platform, visit www.disciplinefunds.com or contact info@disciplinefunds.com.

Media Contact: Cullen Roche Founder, Discipline Funds Email: cullenroche@disciplinefunds.com Website: www.disciplinefunds.com

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Alpha: A measure of an investment’s performance relative to a benchmark, indicating the excess return achieved beyond what would be expected given the investment’s level of risk. Beta: A measurement of the volatility or systematic risk of an investment compared to the market as a whole; a beta of 1.0 indicates that the investment moves in line with the market.

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IMPORTANT INFORMATION

1 The registration statements for DDV and DDXX (“the Funds”) have been declared effective by the U.S. Securities and Exchange Commission (“SEC”). However, the Funds have not yet commenced operations. Shares of the Funds are expected to begin trading on or about November 13, 2025, subject to market conditions. This material is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

2 DEFINED DURATION 10 ETF (DDX): The Fund’s investment adviser has contractually agreed to waive all or a portion of its management fee to the extent necessary to offset all AFFE. This waiver agreement will continue in effect for the life of the Fund or until terminated sooner only by agreement of the investment adviser and the Fund’s Board of Trustees.

The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. Click here for the Fund’s Prospectus, and here for the Fund’s SAI. All fund documents can be found at https://disciplinefunds.com/documents/. A free hardcopy of any prospectus may be obtained by calling +1.215.882.9983. Read carefully before investing.

There is no assurance that the Funds will achieve their investment objectives. The Funds may underperform their benchmarks or fail to meet defined duration targets or positive returns.

New Fund Risk. The Funds are recently organized management investment companies with limited operating history. There can be no assurance that the Funds will grow to or maintain an economically viable size.

Management Risk. The Funds are actively managed and may not meet their investment objective based on the Adviser’s or Sub-Adviser’s success or failure to implement investment strategies for the Funds.

Fund of Funds Risk. Because the Funds invest primarily in other funds, the Funds’ investment performance largely depends on the investment performance of the selected underlying exchange-traded funds (ETFs). An investment in the Funds is subject to the risks associated with the ETFs that then-currently comprise the Funds’ portfolio.

Equity investments are subject to market risk. Fixed-income investments are subject to interest-rate and credit risk.

An investment in the Funds involve risk, including possible loss of principal. Exchange-traded funds (ETFs) trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value (NAV), and are not individually redeemable directly with the ETF. Brokerage commissions and ETF expenses will reduce returns. ETFs are subject to specific risks, depending on the nature of the underlying strategy of the Fund, which should be considered carefully when making investment decisions. For a complete description of the Funds’ principal investment risks, please refer to the prospectus.

Duration management strategies do not guarantee a specific return or eliminate risk.

Rebalancing and tax-efficient management strategies may not prevent losses in declining markets. Tax outcomes are not guaranteed, and investors may still receive taxable distributions. Results will vary depending on individual circumstances and market conditions. Investors should consult their own tax advisors regarding the tax consequences of an investment in the Funds.

Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market. Past performance does not guarantee future results.

This information provided here is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.

The Funds are distributed by PINE Distributors LLC. The Funds’ investment adviser is Empowered Funds, LLC, which is doing business as ETF Architect. Orcam Financial Group, LLC (DBA Discipline Funds) serve as the Sub-adviser to the Funds. PINE Distributors LLC is not affiliated with ETF Architect or Orcam Financial Group, LLC (DBA Discipline Funds).

ETFAC- 4941280 – 11/25