Leader Capital Short Term High Yield Bond Fund
| Institutional Shares: | LCCIX | ||
| Investor Shares: | LCCMX | ||
| Class A Shares: | LCAMX | ||
| Class C Shares: | LCMCX |
Leader Capital High Quality Income Fund
| Institutional Shares: | LCTIX | ||
| Investor Shares: | LCTRX | ||
| Class A Shares: | LCATX | ||
| Class C Shares: | LCCTX |
(the “Funds”)
Supplement dated July 6, 2026
to the Prospectus and Statement of Additional Information (“SAI”)
dated November 28, 2025, as may be supplemented
Effective immediately, Slavik Kolesnik is added as a Portfolio Manager for the Funds. Accordingly, effective immediately, the following changes are made:
All references to John E. Lekas as Portfolio Manager in the Prospectus and SAI are changed to “Senior Portfolio Manager”.
Changes to the Prospectus
The sections of the Prospectus entitled “Leader Capital Short Term High Yield Bond Fund Summary – Investment Advisor Portfolio Manager” and “Leader Capital High Quality Income Fund Summary – Investment Advisor Portfolio Manager” are amended by adding the following:
Slavik Kolesnik, Portfolio Manager, has been a portfolio manager for the Fund since July 2026.
The section of the Prospectus entitled “Management – Investment Advisor Portfolio Manager” is amended by adding the following:
Slavik Kolesnik serves as a portfolio manager and is responsible for the investment decisions of each Fund. Prior to joining the Advisor in 2018, Mr. Kolesnik worked at J.P. Morgan Chase as a relationship banker. Mr. Kolesnik graduated from Clark College in Vancouver, WA.
The Funds’ SAI provides information about Mr. Kolesnik’s compensation structure, other accounts managed by him, and his ownership interests in shares of the Funds.
1
Changes to the SAI
The section of the SAI entitled “Portfolio Manager” is amended by deleting the first sentence of the introductory paragraph entirely and replacing it with the following information:
John E. Lekas and Slavik Kolesnik serve as portfolio managers (Mr. Lekas as “Senior Portfolio Manager”, Mr. Kolesnik as “Portfolio Manager”, and collectively as “Portfolio Managers”) and are responsible for the investment decisions of each Fund.
The section of the SAI entitled “Portfolio Manager” is amended by adding the following information:
| Fiscal Year Ended July 31, 2025 | ||||
| Category of Account | Total Number of Accounts Managed | Total Assets in Accounts Managed | Number of Accounts for which Advisory Fee is Based on Performance | Assets in Accounts for which Advisory Fee is Based on Performance |
| Other Registered Investment Companies | 0 | $0 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 0 | $0 | 0 | $0 |
The section of the SAI entitled “Portfolio Manager – Ownership of Securities” is amended by adding the following information:
| Portfolio Manager | Dollar Range of Shares Owned |
| Slavik Kolesnik | |
| High Yield Fund | $0 |
| High Quality Fund | $0 |
You should read this Supplement in conjunction with the Prospectus and SAI.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
2