Definitive Materials Filed by Investment Companies. (497)

Filed Pursuant to Rule 497(e)

Registration Nos. 333-215588; 811-23226

TrueShares ESG Active Opportunities ETF (ECOZ)

(the “Fund”)

June 1, 2020

Supplement to the Fund’s

Summary Prospectus dated February 27, 2020 and

Prospectus and Statement of Additional Information dated February 26, 2020,

each as previously supplemented

The Fund is currently managed solely by TrueMark Investments, LLC, the Fund’s investment adviser (the “Adviser”), and Jordan C. Waldrep, CFA, the Adviser’s Chief Investment Officer, who has been a portfolio manager of the Fund since its inception in 2020. All references to Purview Investments, LLC as sub-adviser and related information should be disregarded.

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Please retain this Supplement with your Summary Prospectus, Prospectus, and

Statement of Additional Information for future reference.