TXS Overview

Liquidation Announcement: The Texas Capital Funds Trust Board has authorized the orderly liquidation of the Texas Capital Texas Small Cap Equity Index ETF (TXSS) due to considerations regarding its size and growth trajectory, with the last trading day set for December 8, 2025.

Shareholder Actions: Shareholders can sell their holdings before the Closing Date, and those who hold shares until the Liquidation Date on December 15, 2025, will receive a cash distribution based on the net asset value of their holdings, which may have tax implications.

Investment Alternatives: Investors are encouraged to consider the Texas Capital Texas Equity Index ETF (TXS) as an alternative for continued exposure to the growth of the Texas economy, as TXSS shares some portfolio attributes with TXS.

Company Overview: Texas Capital Bancshares, Inc. is a full-service financial institution providing a range of services to clients, with its subsidiary Texas Capital Bank serving as the investment adviser to the Fund.

Launch of New ETF: Texas Capital Bank has introduced the Texas Capital Government Money Market ETF (MMKT ETF), which is designed to provide investors with a liquid investment option in short-term U.S. government debt, combining the features of an ETF and a money market fund.

Investment Strategy and Management: The MMKT ETF aims to maintain liquidity and stability of principal while offering competitive interest income, managed by experienced professionals from Texas Capital Bank Private Wealth Advisors, under the regulatory framework of Rule 2a-7.