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Rational Equity Armor Fund

Class A Shares: HDCAX Class C Shares: HDCEX Institutional Shares: HDCTX

Rational Tactical Return Fund

Class A Shares: HRSAX Class C Shares: HRSFX Institutional Shares: HRSTX

Rational Dynamic Brands Fund

Class A Shares: HSUAX Class C Shares: HSUCX Institutional Shares: HSUTX

Rational Strategic Allocation Fund

Class A Shares: RHSAX Class C Shares: RHSCX Institutional Shares: RHSIX

Return Stacked® Balanced Allocation & Systematic Macro Fund

(formerly, Rational/ReSolve Adaptive Asset Allocation Fund)

Class A Shares: RDMAX Class C Shares: RDMCX Institutional Shares: RDMIX

 

Rational/Pier 88 Convertible Securities Fund

Class A Shares: PBXAX Class C Shares: PBXCX Institutional Shares: PBXIX

 

Rational Special Situations Income Fund

Class A Shares: RFXAX Class C Shares: RFXCX Institutional Shares: RFXIX

Rational/RGN Hedged Equity Fund

Class A Shares: RNEAX Class C Shares: RNECX Institutional Shares: RNEIX

 

July 24, 2025

 

The information in this Supplement amends certain information contained in the
currently effective Statement of Additional Information (“SAI”) for each Fund, dated May 1, 2025.

_____________________________________________________________________________

The physical address of Rational Advisors, Inc. (the “Advisor”) has changed as follows:

 

Former Address New Address

53 Palmeras Street

Suite 601

San Juan, PR 00901

207 Calle del Parque, AM Tower

Floor 7, Suite 2

San Juan, PR 00912-3242

 

Accordingly, all references to the Advisor’s former address contained in the Funds’ currently effective SAI are hereby changed to the new address set forth above.

 

 
 

* * *

 

You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for the Funds, each dated May 1, 2025, which provides information that you should know about the Funds before investing. This document is available upon request and without charge by calling the Funds toll-free at 1-800-253-0412 or by writing to Rational Funds, c/o Ultimus Fund Solutions, LLC, 225 Pictoria Dr, Suite 450, Cincinnati, OH 45246.

 

Please retain this Supplement for future reference.