0001314414
2026-04-01
2026-04-01
0001314414
nlfun:S000096296Member
2026-04-01
2026-04-01
0001314414
nlfun:S000096296Member
nlfun:C000265125Member
2026-04-01
2026-04-01
0001314414
nlfun:S000096296Member
nlfun:C000265124Member
2026-04-01
2026-04-01
iso4217:USD
pure
false
497
N-1A
2025-06-30
0001314414
Northern Lights Fund Trust
2026-04-01
2026-04-01
2025-10-28
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective May 1, 2026, please be advised that the
Class C shares for Winton Managed Futures Trend Fund (the “<b>Fund</b>”) will be redesignated as Class A shares. All disclosures
to the contrary in the Prospectus and SAI should be disregarded. Subject as provided in this Supplement, all words and expressions defined
in the Prospectus and SAI have the same meanings when used in this Supplement.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On the Effective Date, each outstanding share of Class
C will automatically be redesignated as a share of Class A with the same aggregate net asset value immediately before and after the redesignation.
No action is required by shareholders in connection with the redesignation.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The redesignation will not result in the imposition
of any sales charges or fees, and will have no U.S. federal income tax consequences to shareholders.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the redesignation, any contingent
deferred sales charge ("CDSC") that would otherwise have applied to Class C shares will be waived, and no front-end sales
charge will be imposed in respect of shares received by shareholders as a result of the redesignation.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Following the Effective Date, Class C shares will
be closed to new purchases and exchanges. Future purchases of Class A shares will be subject to the sales charges and waivers described
under "How to Purchase Shares—Class A Shares" in the Prospectus, unless otherwise waived.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">References in the Prospectus and SAI to Class C shares
are deleted on and after the Effective Date. Disclosures relating to Class A shares apply to shareholders whose Class C shares have been
redesignated as Class A shares, except that no front-end sales charge or CDSC will be imposed in connection with the redesignation
itself.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Also, effectively immediately the Fund’s minimum
initial investment for the Class I shares will be reduced from $100,000 to $2,500.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Trust’s Rule 18f-3 plan governing multiple
classes has been conformed to reflect the redesignation described above; no changes have been made to shareholder voting rights or the
allocation of class-specific expenses other than replacing the Class C 12b-1 fee (1.00%) with the Class A 12b-1 fee (0.25%).</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accordingly, effective May 1, 2026, the Fee Table
and Expense Example for the Fund are hereby restated as follows:</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p id="xdx_A88_eoef--ShareholderFeesCaption_z7Njm7cxol8e" style="font: 10pt Times New Roman, Times; display: none; margin: 0 0 0pt">Shareholder Fees (fees paid directly from your investment)</p>
<div id="xdx_A82_eoef--ShareholderFeesTableTextBlock_zaSCy5y7zUia"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zqACAOrPKN21" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; vertical-align: top; width: 70%; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>SHAREHOLDER FEES<br/>
</b>(Fees paid directly from your investment)</span></td>
<td id="xdx_499_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_z8PIFJyhskEi" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class<br/>
A</b></span></td>
<td id="xdx_491_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zFT17udJfxj" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class<br/>
I</b></span></td></tr>
<tr id="xdx_40B_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_z8ORBKGONVI1">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Sales Charge (Load) Imposed on Purchases <sup id="xdx_F4F_zUYOg9sHz8Xf">(1)</sup><br/>
(as a % of offering price)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">5.75%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_40D_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_z3rnI0vRMgac">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Deferred Sales Charge (Load)<br/>
(as a % of original purchase price)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_404_eoef--MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther_dpn_za6t8cQnl6y">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Sales Charge (Load) Imposed on <br/>
Reinvested Dividends and other Distributions</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_40D_eoef--RedemptionFeeOverRedemption_dpn_zGVEXxkWayH3">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Redemption Fee<br/>
(as a % of amount redeemed, if sold within 30 days)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
</table>
<div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zpC3RH54psV8"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zF0FTnl5ODP6" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses">
<tr>
<td style="border: Black 1pt solid; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt"></td>
<td id="xdx_49C_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zYI94Uc9iAO9" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"></td>
<td id="xdx_49F_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zdQYyA3NjoH4" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"></td></tr>
<tr id="xdx_401_eoef--ManagementFeesOverAssets_dpn_zAc8YVs4prM5">
<td style="border-right: Black 1pt solid; vertical-align: top; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; width: 70%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Management Fees<sup id="xdx_F49_zfB9Ue2pA5re">(2)</sup></span></td>
<td style="border-right: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td>
<td style="border-right: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td></tr>
<tr id="xdx_40A_eoef--DistributionAndService12b1FeesOverAssets_dpn_z2SNNhTgD4vb">
<td style="border: Black 1pt solid; vertical-align: top; width: 70%; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Distribution and Service (12b-1) Fees</span></td>
<td style="border-top: Black 1pt solid; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.25%</span></td>
<td style="border-top: Black 1pt solid; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.00%</span></td></tr>
<tr id="xdx_406_eoef--OtherExpensesOverAssets_dpn_zG3uGio4eYo3">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Other Expenses</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.94%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.94%</span></td></tr>
<tr id="xdx_409_eoef--ExpensesOverAssets_dpn_ziZRjm5HNYfi">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Annual Fund Operating Expenses</b></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2.19%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.94%</span></td></tr>
<tr id="xdx_40A_eoef--FeeWaiverOrReimbursementOverAssets_dp_zHtn3i7p0vif">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Fee Waiver<sup id="xdx_F43_ze6eKSWpybV7">(3)</sup></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(0.60)%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(0.60)%</span></td></tr>
<tr id="xdx_40F_eoef--NetExpensesOverAssets_dpn_zT5zrRL0aKI8">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Annual Fund Operating Expenses After Fee Waiver </b></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.59%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.34%</span></td></tr>
</table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0D_zzNYSqgPnbNf" style="width: 0.25in">(1)</td><td id="xdx_F11_zCTGbn6rWT4a" style="text-align: justify">In connection with the redesignation of Class C shares as Class A shares on the Effective Date, no front?end sales charge or CDSC will be imposed on shares received by shareholders as a result of the redesignation.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0A_zwgZNsYztFo2" style="width: 0.25in">(2)</td><td id="xdx_F1C_zsl8ZpzkawPg" style="text-align: justify">Restated to reflect current management fee.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0B_znY2c8wjAAY" style="width: 0.25in">(3)</td><td id="xdx_F12_zwaTcM6yHso" style="text-align: justify">The Adviser has contractually agreed to limit the Fund's operating expenses by reducing its fees and/or absorbing expenses of the Fund as described in the Fund Summary, until at least <span id="xdx_90A_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member_zYduvzZngqVi">October 31, 2027</span> (unless terminated earlier by the Board of Trustees or as a result of the termination of the Adviser's appointment as adviser to the Fund), to ensure the total Fund operating expenses after fee waiver and reimbursement (exclusive of: (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions; (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; (vii) expenses incurred in connection with any Fund merger or reorganization; and (viii) extraordinary expenses such as litigation expenses (which may include indemnification of Fund officers and Trustees, and contractual indemnification of Fund service providers (other than the Adviser)) will not exceed 1.59% and 1.34% of average daily net assets attributable to Class A, and Class I shares respectively. All waived fees and absorbed/reimbursed expenses are subject to possible recoupment from the Fund in future years on a rolling three-year basis (within the three years after the fees or expenses have been waived or reimbursed, as applicable) if such recoupment can be achieved within the foregoing expense limits. This agreement may be terminated only by the Trust's Board of Trustees, on 60 days written notice to the Adviser. </td></tr></table>
<p id="xdx_A99_zoU5QvKXeAk4" style="margin-top: 0; margin-bottom: 0"></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p id="xdx_A80_eoef--ExpenseExampleHeading_zF0lb8nMU145" style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin: 0"><b>Example: </b></p>
<p id="xdx_A8F_eoef--ExpenseExampleNarrativeTextBlock_zcw3FK8ahKc" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Example is intended to help you compare the cost of
investing in the Fund with the cost of investing in other mutual funds.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p id="xdx_A81_eoef--ExpenseExampleByYearCaption_zbntfFw3bkUj" style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin: 0">The Example assumes that you invest $10,000 in the Fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return
each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based upon
these assumptions your costs would be:</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<div id="xdx_A8D_eoef--ExpenseExampleWithRedemptionTableTextBlock_zLdzhjHmO5rl"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zZo87In5L7oj" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class</b></span></td>
<td id="xdx_480_eoef--ExpenseExampleYear01_zvCd8mVZjzE4" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>1 Year</b></span></td>
<td id="xdx_48E_eoef--ExpenseExampleYear03_zPhEvhkHwXo6" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>3 Years</b></span></td>
<td id="xdx_48D_eoef--ExpenseExampleYear05_zK5HkYqezVgj" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>5 Years</b></span></td>
<td id="xdx_483_eoef--ExpenseExampleYear10_zO2KZV1dcuSc" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>10 Years</b></span></td></tr>
<tr id="xdx_41F_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zQPPnkg0xMph">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$727</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,166</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,630</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,909</span></td></tr>
<tr id="xdx_414_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zhJ6aaJfUb77">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">I</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$136</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$551</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$991</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,216</span></td></tr>
</table>
<p id="xdx_A90_zW9xdiDs49xl" style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p id="xdx_A8F_eoef--ExpenseExampleNoRedemptionByYearCaption_zPY3TzzFd493" style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 6pt">For purchases of $1,000,000 or more of Class A shares, you would pay the
following expenses if you did not redeem your Class A Shares:</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin: 0">For the avoidance of doubt, the contingent deferred sales charge that may
apply to purchases of $1,000,000 or more of Class A shares does not apply to shares received solely as a result of the redesignation of
Class C shares described in this Supplement.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
<div id="xdx_A8F_eoef--ExpenseExampleNoRedemptionTableTextBlock_zQLbJgm0EJi3"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zaECtJmq1C68" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example, No Redemption">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class</b></span></td>
<td id="xdx_488_eoef--ExpenseExampleNoRedemptionYear01_zFsrQaY7BXn5" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>1 Year</b></span></td>
<td id="xdx_480_eoef--ExpenseExampleNoRedemptionYear03_zCpAsGing9G3" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>3 Years</b></span></td>
<td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear05_z1jVW9cHrfok" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>5 Years</b></span></td>
<td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear10_zLbSpbZ8QF7j" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>10 Years</b></span></td></tr> <tr id="xdx_414_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zdWJNsEW8MW1">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$262</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$627</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,120</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,477</span></td></tr>
</table>
<p id="xdx_A9E_zs7HrUd3HuD4" style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>This Supplement and the existing Prospectus and
SAI for Winton Managed Futures Trend Fund, each dated October 28, 2025, provide relevant information for all shareholders and should be
retained for future reference. The Prospectus and the SAI, as filed with the Securities and Exchange Commission, are incorporated by reference
and can be obtained without charge by visiting <span id="xdx_903_eoef--PerformanceAvailabilityWebSiteAddress_c20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member_z0WTAVnHz874">www.wintonfunds.com</span> or by calling <span id="xdx_908_eoef--PerformanceAvailabilityPhone_c20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member_zX4cKLq6M72c">1-877-772-5838</span>.</i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
Shareholder Fees (fees paid directly from your investment)
<div id="xdx_A82_eoef--ShareholderFeesTableTextBlock_zaSCy5y7zUia"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zqACAOrPKN21" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; vertical-align: top; width: 70%; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>SHAREHOLDER FEES<br/>
</b>(Fees paid directly from your investment)</span></td>
<td id="xdx_499_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_z8PIFJyhskEi" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class<br/>
A</b></span></td>
<td id="xdx_491_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zFT17udJfxj" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 15%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class<br/>
I</b></span></td></tr>
<tr id="xdx_40B_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_z8ORBKGONVI1">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Sales Charge (Load) Imposed on Purchases <sup id="xdx_F4F_zUYOg9sHz8Xf">(1)</sup><br/>
(as a % of offering price)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">5.75%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_40D_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_z3rnI0vRMgac">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Deferred Sales Charge (Load)<br/>
(as a % of original purchase price)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_404_eoef--MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther_dpn_za6t8cQnl6y">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Maximum Sales Charge (Load) Imposed on <br/>
Reinvested Dividends and other Distributions</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
<tr id="xdx_40D_eoef--RedemptionFeeOverRedemption_dpn_zGVEXxkWayH3">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Redemption Fee<br/>
(as a % of amount redeemed, if sold within 30 days)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">None</span></td></tr>
</table>
0.0575
0
0.0100
0
0
0
0
0
<div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zpC3RH54psV8"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zF0FTnl5ODP6" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses">
<tr>
<td style="border: Black 1pt solid; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt"></td>
<td id="xdx_49C_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zYI94Uc9iAO9" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"></td>
<td id="xdx_49F_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zdQYyA3NjoH4" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"></td></tr>
<tr id="xdx_401_eoef--ManagementFeesOverAssets_dpn_zAc8YVs4prM5">
<td style="border-right: Black 1pt solid; vertical-align: top; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; width: 70%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Management Fees<sup id="xdx_F49_zfB9Ue2pA5re">(2)</sup></span></td>
<td style="border-right: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td>
<td style="border-right: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.00%</span></td></tr>
<tr id="xdx_40A_eoef--DistributionAndService12b1FeesOverAssets_dpn_z2SNNhTgD4vb">
<td style="border: Black 1pt solid; vertical-align: top; width: 70%; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Distribution and Service (12b-1) Fees</span></td>
<td style="border-top: Black 1pt solid; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.25%</span></td>
<td style="border-top: Black 1pt solid; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.00%</span></td></tr>
<tr id="xdx_406_eoef--OtherExpensesOverAssets_dpn_zG3uGio4eYo3">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Other Expenses</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.94%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0.94%</span></td></tr>
<tr id="xdx_409_eoef--ExpensesOverAssets_dpn_ziZRjm5HNYfi">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Annual Fund Operating Expenses</b></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">2.19%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.94%</span></td></tr>
<tr id="xdx_40A_eoef--FeeWaiverOrReimbursementOverAssets_dp_zHtn3i7p0vif">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Fee Waiver<sup id="xdx_F43_ze6eKSWpybV7">(3)</sup></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(0.60)%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(0.60)%</span></td></tr>
<tr id="xdx_40F_eoef--NetExpensesOverAssets_dpn_zT5zrRL0aKI8">
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Total Annual Fund Operating Expenses After Fee Waiver </b></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.59%</span></td>
<td style="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1.34%</span></td></tr>
</table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0D_zzNYSqgPnbNf" style="width: 0.25in">(1)</td><td id="xdx_F11_zCTGbn6rWT4a" style="text-align: justify">In connection with the redesignation of Class C shares as Class A shares on the Effective Date, no front?end sales charge or CDSC will be imposed on shares received by shareholders as a result of the redesignation.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0A_zwgZNsYztFo2" style="width: 0.25in">(2)</td><td id="xdx_F1C_zsl8ZpzkawPg" style="text-align: justify">Restated to reflect current management fee.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0B_znY2c8wjAAY" style="width: 0.25in">(3)</td><td id="xdx_F12_zwaTcM6yHso" style="text-align: justify">The Adviser has contractually agreed to limit the Fund's operating expenses by reducing its fees and/or absorbing expenses of the Fund as described in the Fund Summary, until at least <span id="xdx_90A_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member_zYduvzZngqVi">October 31, 2027</span> (unless terminated earlier by the Board of Trustees or as a result of the termination of the Adviser's appointment as adviser to the Fund), to ensure the total Fund operating expenses after fee waiver and reimbursement (exclusive of: (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions; (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; (vii) expenses incurred in connection with any Fund merger or reorganization; and (viii) extraordinary expenses such as litigation expenses (which may include indemnification of Fund officers and Trustees, and contractual indemnification of Fund service providers (other than the Adviser)) will not exceed 1.59% and 1.34% of average daily net assets attributable to Class A, and Class I shares respectively. All waived fees and absorbed/reimbursed expenses are subject to possible recoupment from the Fund in future years on a rolling three-year basis (within the three years after the fees or expenses have been waived or reimbursed, as applicable) if such recoupment can be achieved within the foregoing expense limits. This agreement may be terminated only by the Trust's Board of Trustees, on 60 days written notice to the Adviser. </td></tr></table>
0.0100
0.0100
0.0025
0.0000
0.0094
0.0094
0.0219
0.0194
-0.0060
-0.0060
0.0159
0.0134
October 31, 2027
Example:
<p id="xdx_A8F_eoef--ExpenseExampleNarrativeTextBlock_zcw3FK8ahKc" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Example is intended to help you compare the cost of
investing in the Fund with the cost of investing in other mutual funds.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"> </p>
The Example assumes that you invest $10,000 in the Fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return
each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based upon
these assumptions your costs would be:
<div id="xdx_A8D_eoef--ExpenseExampleWithRedemptionTableTextBlock_zLdzhjHmO5rl"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zZo87In5L7oj" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class</b></span></td>
<td id="xdx_480_eoef--ExpenseExampleYear01_zvCd8mVZjzE4" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>1 Year</b></span></td>
<td id="xdx_48E_eoef--ExpenseExampleYear03_zPhEvhkHwXo6" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>3 Years</b></span></td>
<td id="xdx_48D_eoef--ExpenseExampleYear05_zK5HkYqezVgj" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>5 Years</b></span></td>
<td id="xdx_483_eoef--ExpenseExampleYear10_zO2KZV1dcuSc" style="border-top: Black 1pt solid; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>10 Years</b></span></td></tr>
<tr id="xdx_41F_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zQPPnkg0xMph">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$727</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,166</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,630</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,909</span></td></tr>
<tr id="xdx_414_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265124Member_zhJ6aaJfUb77">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">I</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$136</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$551</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$991</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,216</span></td></tr>
</table>
727
1166
1630
2909
136
551
991
2216
For purchases of $1,000,000 or more of Class A shares, you would pay the
following expenses if you did not redeem your Class A Shares:
For the avoidance of doubt, the contingent deferred sales charge that may
apply to purchases of $1,000,000 or more of Class A shares does not apply to shares received solely as a result of the redesignation of
Class C shares described in this Supplement.
<div id="xdx_A8F_eoef--ExpenseExampleNoRedemptionTableTextBlock_zQLbJgm0EJi3"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zaECtJmq1C68" style="font: 10pt Cambria, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example, No Redemption">
<tr style="background-color: #D9D9D9">
<td style="border: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Class</b></span></td>
<td id="xdx_488_eoef--ExpenseExampleNoRedemptionYear01_zFsrQaY7BXn5" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>1 Year</b></span></td>
<td id="xdx_480_eoef--ExpenseExampleNoRedemptionYear03_zCpAsGing9G3" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>3 Years</b></span></td>
<td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear05_z1jVW9cHrfok" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>5 Years</b></span></td>
<td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear10_zLbSpbZ8QF7j" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>10 Years</b></span></td></tr> <tr id="xdx_414_20260401__20260401__dei--LegalEntityAxis__custom--S000096296Member__oef--ClassAxis__custom--C000265125Member_zdWJNsEW8MW1">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$262</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$627</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$1,120</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 11pt">$2,477</span></td></tr>
</table>
262
627
1120
2477
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