SUPPLEMENT DATED AUGUST 31, 2025
TO THE SUMMARY PROSPECTUS
DATED AUGUST 31, 2025
AS AMENDED TO DATE
OF
MORNINGSTAR FUNDS TRUST
(THE “TRUST”)
Morningstar U.S. Equity Fund
Morningstar International Equity Fund
(each a “Fund”, collectively the “Funds”)
This supplement provides additional information to each Fund’s Summary Prospectus dated August 31, 2025, as amended to date, and should be read in conjunction with such Summary Prospectus.
Subadviser Changes to the Morningstar U.S. Equity Fund
| I. | On September 15, 2025 (the “Effective Date”), Diamond Hill Capital Management, Inc. and Westwood Management Corp. will be terminated as subadvisers to the Fund. Until the Effective Date, the following information is added to the table following the “Fund Management – Subadvisers and Portfolio Managers” heading in the Summary Prospectus: |
| Portfolio Manager | Position with Subadviser | Start Date with the Fund | ||
| Diamond Hill Capital Management, Inc. | ||||
| Christopher A. Welch, CFA | Portfolio Manager | Since Inception (November 2018) | ||
| Westwood Management Corp. | ||||
| Matthew R. Lockridge | Senior Vice President, Head of U.S. Value, Senior Portfolio Manager | Since Inception (November 2018) | ||
| William E. Costello, CFA | Senior Vice President, Director of Equity Portfolios, Senior Portfolio Manager | Since Inception (November 2018) | ||
| Frederic G. Rowsey, CFA | Vice President, Portfolio Manager, Research Analyst | Since Inception (November 2018) | ||
| Jordan Latimer, CFA | Vice President, Portfolio Manager, Research Analyst | Since December 2024 | ||
Subadviser Changes to the Morningstar International Equity Fund
| I. | On the Effective Date, T. Rowe Price Associates, Inc. will be terminated as a subadviser to the Fund. Until the Effective Date, the following information is added to the table following the “Fund Management – Subadvisers and Portfolio Managers” heading in the Summary Prospectus: |
| Portfolio Manager | Position with Subadviser | Start Date with the Fund | ||
| T. Rowe Price Associates, Inc. | ||||
| Seun Oyegunle | Portfolio Manager and Vice President |
April 2025 | ||
| Wenli Zheng | Portfolio Manager and Vice President |
April 2025 | ||
Please retain this supplement for future reference.