# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001999371-26-005224
**Filing Date:** 2026-3
**Character Count:** 4006
**Document Hash:** 28d94fd8e365120ad98434f8567f8a10
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-005224.hdr.sgml**: 20260306

**ACCESSION NUMBER**: 0001999371-26-005224

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260306

**DATE AS OF CHANGE**: 20260306

**EFFECTIVENESS DATE**: 20260306

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevation Series Trust
- **CENTRAL INDEX KEY:** 0001936157

**ORGANIZATION NAME:**
- **EIN:** 882465192
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-265972
- **FILM NUMBER:** 26730532

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Consortio Funds Trust
- **DATE OF NAME CHANGE:** 20220630

## Series and Classes Contracts Data

### TrueShares Active Yield ETF (Series ID: S000092121)

---

|  |  |
|:---|:---|
| Class Name                  | Class ID   |
| TrueShares Active Yield ETF | C000260044 |

---

## Series and Classes Contracts Data

### TrueShares Active Yield ETF (Series ID: S000092121)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000260044 | TrueShares Active Yield ETF |  |

**TrueShares Active Yield ETF**

(Ticker Symbol: ERNZ)

***A series of***

**Elevation Series Trust**

March 6, 2026

**Supplement to the Prospectus, Summary Prospectus and**

**Statement of Additional Information ("SAI"), dated June 11, 2025**

The Board of Trustees of Elevation Series Trust (the "Board") has concluded that it is in the best interests of TrueShares Active Yield ETF (the "Fund") and its shareholders that the Fund be liquidated. The Board has determined to liquidate the Fund with the liquidation payment to shareholders expected to take place on or about March 31, 2026 ("Liquidation Date"). After the close of business on March 24, 2026, the Fund will no longer accept creation orders. The last day of trading in the Fund on the NASDAQ Stock Market, LLC (the "Exchange") will be March 24, 2026. Shareholders should be aware that while the Fund is preparing to liquidate, it will not be pursuing its stated investment objective or engaging in any business activities except for the purposes of winding up its business and affairs, preserving the value of assets, paying its liabilities, and distributing its remaining assets to shareholders.

Shareholders may sell their shares of the Fund on the Exchange until market close on March 24, 2026, and may incur typical transaction fees from their broker-dealer. The Fund's shares will no longer trade on the Exchange after market close on March 24, 2026, and the shares will be subsequently delisted. Shareholders who do not sell their shares of the Fund before market close on March 24, 2026, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts, on or about the Liquidation Date.

Shareholders generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. You may wish to consult your tax advisor about your particular situation.

If you have questions or need assistance, please contact your financial advisor directly or the Fund at 877-774-TRUE (8783).

**\* \* \* \* \* \* \***

*You should read this Supplement, in conjunction with the Prospectus, Summary Prospectus and SAI, dated June 11, 2025, as each may be amended from time to time, because they provide information you should know about the Fund before investing in it. These documents are available upon request and without charge by calling the Fund at 877-774-TRUE (8783).*

 

**PLEASE RETAIN THIS SUPPLEMENT FOR FURTHER REFERENCE**