497 SUPPLEMENT

MONTEAGLE FUNDS

Supplement dated September 29, 2026

to the Prospectus and Statement of Additional Information dated December 29, 2025

____________________________________________________________________________

This Supplement to the Prospectus and Statement of Additional Information for the Monteagle Enhanced Equity Income Fund, a series of the Monteagle Funds (the “Trust”), updates the Prospectus for the Monteagle Enhanced Equity Income Fund and the Statement of Additional Information for the Trust dated December 29, 2025 to amend certain information as described below.

THE MONTEAGLE ENHANCED EQUITY INCOME FUND

PROSPECTUS

Section entitled “Portfolio Managers”

Matthew H. Foster, President & Chief Investment Officer of the Adviser has managed the Fund since inception.

Will Aycock, Senior Managing Director of the Adviser has managed the Fund since 2025.

Jason Hawkins, Senior Portfolio Manager and Director of Equities of the Adviser and has managed the Fund since 2026.

Section entitled “Portfolio Managers”

Matthew H. Foster, CFA, President & Chief Investment Officer. Matthew H. Foster is the President and Chief Investment Officer of Park Place Capital Corporation. Mr. Foster was previously with Renasant Asset Management, a division of Renasant Wealth Management as The Senior Managing Director while also spending time with Royal Bank of Canada’s Private Asset Management Group as the Senior Portfolio Manager focusing on the management of its equity offerings as well as alternative investments in Energy Master Limited Partnerships (MLPs). He has additionally spent time at SunTrust Securities Inc. and Wachovia Securities.

Matthew holds a B.S. in Business Administration with a concentration in Economics from Appalachian State University. Matthew also holds the Chartered Financial Analyst (CFA) designation. He is a member of the Chartered Financial Analyst Institute and the CFA Society of Alabama. He has previously held several security licenses including Series 7, 63, 50 and 65.

Matthew is responsible for the management of Park Place Capital Corporation which is a subsidiary of Renasant Bank.

Will Aycock, CFA, serves as Senior Managing Director for Park Place Capital Management. Will possesses over 20 years of investments experience, with previous roles as a Portfolio Manager at Regions Investment Management and Doucet Asset Management. His background consists of portfolio management, trading, and analysis. Will holds a B.S. from Birmingham-Southern College and an M.B.A. from the University of Alabama at Birmingham. Will also holds the Chartered Financial Analyst (CFA) designation and is an active member of CFA Society Alabama, where he previously served as President and board member.

Will is employed by Park Place Capital and Park Place Capital Securities. Further, he received exam waivers from FINRA for SIE (Securities Industry Essentials Examination) and Series 7 (General Securities Representative Examination).

Jason Hawkins, CFA is Senior Portfolio Manager and Director of Equities at Park Place Capital. Jason joined the firm in January of 2026 and possesses more than twenty-five (25) years of investment experience. Jason holds a B.S. and M.A. in Accountancy from the University of Mississippi. Jason also holds the Chartered Financial Analyst (CFA) designation and is an active member of the CFA Society of Mississippi.

The Fund’s Statement of Additional Information contains further details about the portfolio managers’ compensation, other accounts they manage, and their ownership of Fund shares.

A discussion regarding the basis for the most recent approval by the Board of Trustees of the Advisory Agreement by and among the Trust and the Adviser is available in the Fund’s semi-annual report for the period ending February 28, 2025.

MONTEAGLE FUNDS

STATEMENT OF ADDITIONAL INFORMATION

(amendments as to the Monteagle Enhanced Equity Income Fund)

Section entitled “PORTFOLIO MANAGERS”

Monteagle Enhanced Equity Income Fund

Matthew H. Foster, President & Chief Investment Officer, Will Aycock, Senior Managing Director and Jason Hawkins, Senior Portfolio Manager and Director of Equities, are Portfolio Managers. Matthew H. Foster, Will Aycock and Jason Hawkins are primarily responsible for the day-to-day management of the Monteagle Enhanced Equity Income Fund."

Park Place Capital Corporation offers a competitive salary based on an individual’s experience and expected contribution to the firm. Portfolio managers of the Enhanced Equity Income Fund may be eligible for an incentive plan that is tied directly to the overall performance of the individual and the performance of the Fund above a predetermined benchmark.

As of September 29, 2026, Mr. Foster, the President & Chief Investment Officer of the Fund, Mr. Aycock, Senior Managing Director of the Fund, and Mr. Hawkins, the current Portfolio Manager of the Fund, were responsible for the management of the following other accounts in addition to the Fund:

PORTFOLIO MANAGER

NUMBER OF

ACCOUNTS MANAGED

TOTAL ASSETS OF ACCOUNTS MANAGED

NUMBER OF

MANAGED ACCOUNTS SUBJECT TO A PERFORMANCE FEE

TOTAL ASSETS OF MANAGED ACCOUNTS SUBJECT TO A PERFORMANCE FEE

Matthew S. Foster, CFA

Registered investment companies: 0


	Pooled investment vehicles: 0	$0	0	$0
	Other accounts: 5	$37M	0	$0
Will Aycock	Registered investment companies: 0	$0	0	$0
	Pooled investment vehicles: 0	$0	0	$0
	Other accounts: 17	$58M	0	$0
Jason Hawkins	Registered investment companies: 0	$0	0	$0
	Pooled investment vehicles: 0	$0	0	$0
	Other accounts: 84	$97M	0	$0

Section entitled “OWNERSHIP OF FUND SHARES”

OWNERSHIP OF FUND SHARES


Portfolio Manager	Monteagle Select Value Fund	Monteagle Opportunity Equity Fund	The Texas Fund	Monteagle Enhanced Equity Income Fund
Trevor Rupe	N/A	N/A	N/A	N/A
Nicholas Chapman	N/A	N/A	N/A	N/A
Chad Hoes	N/A	N/A	N/A	N/A
Jody Team	N/A	N/A	$10,001-$50,000	N/A
William G. Lako, Jr.	N/A	$100,001-500,000	N/A	N/A
Jacob Keen	N/A	N/A	N/A	N/A
Nick Antonucci	N/A	N/A	N/A	N/A
Mathew Foster	N/A	N/A	N/A	$1- $10,000
Jason Hawkins	N/A	N/A	N/A	N/A
Will Aycock	N/A	N/A	N/A	N/A

**********************

Shareholders should read this Supplement in conjunction with the Monteagle Enhanced Equity Income Fund’s Prospectus and the Statement of Additional Information, each as supplemented from time to time. These documents provide information that you should know before investing and should be retained for future reference. These documents are available upon request and without charge by calling Mutual Shareholder Services at (888) 263-5593.

Investors should retain this supplement for future reference.