92192-P2 11/22
ACTIVESHARES® ETF TRUST
SUPPLEMENT DATED NOVEMBER 14, 2022
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION (THE SAI),
EACH DATED JULY 29, 2022
OF CLEARBRIDGE FOCUS VALUE ESG ETF
Effective December 16, 2022, the name of ActiveShares® ETF Trust will be changed to Legg Mason ETF Investment Trust II, and as of such date all references to ActiveShares® ETF Trust are removed and replaced with Legg Mason ETF Investment Trust II.
Please retain this supplement for future reference.