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CIK0001903606:SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2021-01-01 2025-12-31 0001903606 CIK0001903606:C000250874Member CIK0001903606:SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2016-01-01 2025-12-31 0001903606 CIK0001903606:C000250874Member CIK0001903606:MSCIUSAMidCapIndexValueUnhedgedReflectsNoDeductionForFeesExpensesOrTaxesMember 2025-01-01 2025-12-31 0001903606 CIK0001903606:C000250874Member CIK0001903606:MSCIUSAMidCapIndexValueUnhedgedReflectsNoDeductionForFeesExpensesOrTaxesMember 2021-01-01 2025-12-31 0001903606 CIK0001903606:C000250874Member CIK0001903606:MSCIUSAMidCapIndexValueUnhedgedReflectsNoDeductionForFeesExpensesOrTaxesMember 2016-01-01 2025-12-31 iso4217:USD pure false 485BPOS 0001903606 N-1A Cantor Select Portfolios Trust 2026-10-02 2026-10-02 Cantor Fitzgerald Equity Dividend Plus Fund SUMMARY INVESTMENT OBJECTIVE The Cantor Fitzgerald Equity Dividend Plus Fund (the “Fund”) primarily seeks to provide above-average and growing income, and secondarily, seeks to achieve long-term growth of capital. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and is included in the section of the Fund’s prospectus entitled How to Reduce Your Sales Charge on page 47 and in the sections of the Fund’s Statement of Additional Information entitled Purchasing Shares on page 49. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. 50000 <div id="xdx_A87_eoef--ShareholderFeesTableTextBlock_zu1yw4ec0jVg"></div> <table cellpadding="3" cellspacing="0" id="xdx_A52_dU_zqLXVMv9QsAh" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: bottom; width: 32%; padding-bottom: 0pt">Shareholder Fees</td> <td id="xdx_497_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241910Member_z1QRNvsZKH0b" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_497_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241909Member_zZBeJdnAPu61" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_490_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241911Member_zAhm808Pd6N1" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_494_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000281237Member_ztOOZbLPmuYa" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: bottom">(fees paid directly from your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; color: White"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; color: White; text-align: left; vertical-align: bottom; background-color: #000000"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; color: White; vertical-align: bottom; background-color: #000000; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; color: White; vertical-align: bottom; background-color: #000000; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; color: White; vertical-align: bottom; background-color: #000000; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; color: White; vertical-align: bottom; background-color: #000000; text-align: center">Class C</td> </tr> <tr id="xdx_407_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zBOb5Epb8Y25" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> 5.75%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> <tr id="xdx_408_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_z6YMJrj15a9d" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Deferred Sales Charge (Load) (as a % of the lesser of amount purchased or redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1.00%1</td> </tr> <tr id="xdx_40A_eoef--RedemptionFeeOverRedemption_dpn_z5npZ3oOVX3e" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Redemption Fee (as a % of amount redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> </table> 0.0575 0 0 0 0 0 0 0.0100 0 0 0 0 <div id="xdx_A81_eoef--AnnualFundOperatingExpensesTableTextBlock_zvpFxTfNYcZj"></div> <table cellpadding="3" cellspacing="0" id="xdx_A54_dU_z4ePgwlCTVxe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_497_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241910Member_zdBbiP6Qr0Bf" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_497_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241909Member_zFlJHYdw0Atg" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_490_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241911Member_zXKBcMbE9iqf" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_495_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000281237Member_zTYvdlGkg46d" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: Black; vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class C</td></tr> <tr id="xdx_409_eoef--ManagementFeesOverAssets_dpn_zi7Kb6xGHOye" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 52%; text-align: left; padding-bottom: 1pt">Management Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td></tr> <tr id="xdx_401_eoef--DistributionAndService12b1FeesOverAssets_dpn_zdRiy1GMdGb5" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Distribution and/or Service (12b-1) Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.25%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.00%</td></tr> <tr id="xdx_40A_eoef--OtherExpensesOverAssets_dpn_zL9aeCbK6UJg" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Other Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.51%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.51%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.48%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.51%</td></tr> <tr id="xdx_403_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_zoPCYUpENdz7" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Acquired Fund Fees and Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td></tr> <tr id="xdx_40C_eoef--ExpensesOverAssets_dpn_zAYf0fCE9vDb" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.43%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.18%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.15%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.18%</td></tr> <tr id="xdx_40F_eoef--FeeWaiverOrReimbursementOverAssets_dp_zOzmJWzDBs4h" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Less Fee Waiver and/or Expense Limitation2</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.17)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.17)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.21)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.17)%</td></tr> <tr id="xdx_40F_eoef--NetExpensesOverAssets_dpn_zg88A4RvlOse" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.26%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.94%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2.01%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">2.</td> <td style="text-align: justify">The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.24%, 0.99%, 0.92%, and 1.99% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, and Class C shares, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment.</td> </tr> </table> 0.0065 0.0065 0.0065 0.0065 0.0025 0 0 0.0100 0.0051 0.0051 0.0048 0.0051 0.0002 0.0002 0.0002 0.0002 0.0143 0.0118 0.0115 0.0218 -0.0017 -0.0017 -0.0021 -0.0017 0.0126 0.0101 0.0094 0.0201 January 31, 2028 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8F_eoef--ExpenseExampleWithRedemptionTableTextBlock_zTYhgA8EsbRh"></div> <table cellpadding="3" cellspacing="0" id="xdx_A53_dU_zxKapVQoPVVc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">Class</td> <td id="xdx_487_eoef--ExpenseExampleYear01_zLEMYwmbezV" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">1 Year</td> <td id="xdx_48A_eoef--ExpenseExampleYear03_zQbna0U91MHj" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">3 Years</td> <td id="xdx_48B_eoef--ExpenseExampleYear05_zQyOyzM4IFib" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">5 Years</td> <td id="xdx_488_eoef--ExpenseExampleYear10_zF5qT1eGuv6f" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">10 Years</td> </tr> <tr id="xdx_419_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241910Member_zslKvsIQssrj" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$696</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$969</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,280</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,161</td> </tr> <tr id="xdx_413_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241909Member_zcrdvDbM9C88" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$103</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$340</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$615</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,401</td> </tr> <tr id="xdx_41B_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241911Member_zrHxDlqulEL7" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$96</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$323</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$591</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,359</td> </tr> <tr id="xdx_411_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000281237Member_zh2bvcu2wyke" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$304</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$649</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,138</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,486</td> </tr> </table> 696 969 1280 2161 103 340 615 1401 96 323 591 1359 304 649 1138 2486 You would pay the following expenses if you did not redeem your shares: <div id="xdx_A8E_eoef--ExpenseExampleNoRedemptionTableTextBlock_zA89cBoBEX19"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5A_dU_z9DmrFv7u3j8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example, No Redemption"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">Class</td> <td id="xdx_48A_eoef--ExpenseExampleNoRedemptionYear01_zDMnC9pQZRYg" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">1 Year</td> <td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear03_znQH6TeIN7Ng" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">3 Years</td> <td id="xdx_48A_eoef--ExpenseExampleNoRedemptionYear05_zbSQoQmD3lJ7" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">5 Years</td> <td id="xdx_483_eoef--ExpenseExampleNoRedemptionYear10_z3sSow7OCHS2" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 20%; background-color: #000000; text-align: center">10 Years</td> </tr> <tr id="xdx_419_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241910Member_zUWdSdKEAEjh" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$696</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$969</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,280</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,161</td> </tr> <tr id="xdx_413_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241909Member_zyVDZa0D0aa1" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$103</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$340</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$615</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,401</td> </tr> <tr id="xdx_41B_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000241911Member_zWbX5IIVEiW3" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$96</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$323</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$591</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,359</td> </tr> <tr id="xdx_41C_20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member__oef--ClassAxis__custom--C000281237Member_zZZiOi8WHaa2" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$204</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$649</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,138</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,486</td> </tr> </table> 696 969 1280 2161 103 340 615 1401 96 323 591 1359 204 649 1138 2486 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal year ended September 30, 2025, the Fund’s portfolio turnover rate was 33% of the average value of its portfolio. 0.33 PRINCIPAL INVESTMENT STRATEGIES The Fund seeks to achieve its objective by investing in a diversified portfolio comprised primarily of above-average dividend- yielding, undervalued equity securities with capital appreciation and dividend growth potential. Above-average dividend yield means the dividend yield is 25% greater than the market as measured by the S&P 500 Index at the time of initial purchase. In identifying companies with dividend growth potential, the Advisor focuses on finding companies with secure and growing dividends. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEludmVzdG1lbnQgU3RyYXRlZ3kA" id="xdx_907_efnd--NmRule35d1EightyPctInvstmntPlcyTextBlock_c20261002__20261002__dei--LegalEntityAxis__custom--S000080195Member_zRHLD6MKCHn7">Under normal circumstances, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) will be invested in equity securities of companies that have announced dividend paying programs at the time such companies’ equity securities are purchased. The Fund’s equity securities primarily include common stocks, but may also include covered call options. The Fund seeks to make quarterly distributions of dividends and income to shareholders. The Advisor seeks to acquire equity securities of companies which, in its judgment, possess attractive valuation characteristics, the capability for above-average dividend yield and the potential to increase dividends over time. The Fund invests in a variety of major market sectors in an attempt to control risk through diversification. The Fund also seeks to enhance, or generate, additional portfolio income by selectively writing, or selling, covered call options on a target range of between 15-30% of the Fund’s net assets. The Fund writes options only for income generation and hedging purposes and not for speculation. The aggregate value of the equity securities on which the options are written will normally not exceed 30% of the Fund’s net assets, but may increase to 50% of net assets when, in the Advisor’s opinion, such investments would be advantageous to the Fund. While portfolio securities are generally acquired for the long-term, the Fund may sell holdings when the dividend yield falls below the Advisor’s yield objective, or the dividend outlook deteriorates such as when the fundamentals of a company’s business (i.e., earnings, cash flows or debt levels) have worsened). The Advisor may also sell holdings if the anticipated price appreciation has been achieved or if the fundamentals of the company’s business, general market conditions have changed, in the Advisor’s opinion, enough that they are no longer attractive, or when the Advisor’s selection process described above identifies alternative investments that it believes offer more attractive dividend yield and/or price appreciation. Equity Securities. The Fund will invest primarily in companies with market capitalizations of $1.5 billion or more. Covered Call Options. When the Advisor believes that individual equity securities held by the Fund are approaching the top of the Advisor’s growth and price expectations, covered call options may be written (sold) against such securities and the Fund will receive a cash premium in return. The Advisor’s growth and price expectations for the equity securities held by the Fund are based on the Advisor’s analysis of factors such as revenue growth, profit margin potential, profitability, financial flexibility, free cash flow, competitive position, and management track record for each security. The Fund writes options only for income generation and hedging purposes and not for speculation. Distributions. The Fund’s distribution policy is to make quarterly distributions to shareholders. The Fund may pay distributions in significant part from sources that may not be available in the future and that are unrelated to the Fund’s performance, such as a return of capital. Return of capital distributions are taken from the amount invested in the Fund by a shareholder, not from the Fund’s performance. All or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. Under normal circumstances, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) will be invested in equity securities of companies that have announced dividend paying programs at the time such companies’ equity securities are purchased. The loss of your money is a principal risk of investing in the Fund. Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund’s net asset value per shares (“NAV”), trading price, yield, total return, and ability to meet its investment objectives. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Generally, the Fund will be subject to the following principal risks: The loss of your money is a principal risk of investing in the Fund. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Market Risk. The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling. Dividend Strategy Risk. The Fund’s focus on dividend-paying stocks could cause it to underperform relative to funds that invest without consideration of a company’s track record of paying dividends. An issuer of a stock held by the Fund may choose not to declare a dividend or the dividend rate might not remain at current levels or increase over time. Dividend paying stocks might not experience the same level of earnings growth or capital appreciation as non-dividend paying stocks. Changes in the dividend policies or capital resources of companies in which the Fund invests may affect the Fund’s ability to generate income. Equity Securities Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks tend to move in cycles and may decline in tandem with a drop in the overall value of the markets based on negative developments in the U.S. or global economies. Stocks and other equity securities are subject to inherent market risks and fluctuations in value due to earnings and other developments affecting a particular company or industry, stock market trends and general economic conditions, investor perceptions, interest rate changes and other factors beyond the control of the Advisor. The price of a company’s stock may decline if the company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence. Economies and financial markets throughout the world have become interconnected which increases the possibility that economic, financial, or political events in one country, sector or region could have potentially adverse effects on global economies or markets. Russia’s military invasion of Ukraine, the responses and sanctions by other countries, and the potential for wider conflicts, could continue to have adverse effects on regional and global economies and may further strain global supply chains and negatively affect global growth and inflation. Policy changes by the U.S. government and/or Federal Reserve and political events with the U.S. and abroad, such as changes in the U.S. presidential administration and Congress, may affect investor and consumer confidence, and adversely impact the financial markets. Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes and tsunamis, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and the markets. For example, the outbreak of an infectious respiratory illness caused by a novel coronavirus, known as COVID-19, and efforts to contain its spread, have resulted, and may continue to result in labor shortages, supply chain disruptions, lower consumer demand for certain products and services, and significant disruptions to economies and markets, adversely affecting individual companies, sectors, industries, interest rates and investor sentiment. Mid-Cap Company Risk. The earnings and prospects of medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. Covered Call Option Risk. The use of options requires special skills and knowledge of investment techniques that are different than those normally required for purchasing and selling securities. If the Advisor is incorrect in its price expectations and the market price of a security subject to a call option rises above the exercise price of the option, the Fund will lose the opportunity for further appreciation of that security but continue to bear the risk of a decline in the value of the underlying stock. <p id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementAndSelectionRiskMember_zTUkWqZcj527" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Active Management and Selection Risk. The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index. Distribution Risk. The Fund seeks to make quarterly distributions to shareholders. All or a portion of a distribution may consist solely of a return of capital (i.e. from your original investment) and not a return of net profit. Shareholders should not assume that the source of a distribution from the Fund is net profit. This distribution policy may, under certain circumstances, have certain adverse consequences to the Fund and its shareholders because it may result in a return of capital resulting in less of a shareholder’s assets being invested in the Fund and, over time, increase the Fund’s expense ratio. Tax Risk. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. Market Disruptions Risk. The Fund may incur major losses in the event of market disruptions and other extraordinary events in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility and risk. <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_zFMHzcjzeFue" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Changes in Trade Negotiations Risk. In recent years, the U.S. government has indicated its intent to alter its approach to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such impacted jurisdictions. <p id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_zDJX9c0CYOq9" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Highly Volatile Markets Risk. The prices of instruments in which the Fund may invest are influenced by numerous factors, including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global). Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest. In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets. <p id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_z3RAG1npr5s2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">U.S. Debt Ceiling and Budget Deficit Risks. U.S. debt ceiling and budget deficit concerns have increased the possibility of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have a material adverse effect on the Fund’s business, financial condition and results of operations. Cybersecurity Risk. As part of its business, the Advisor processes, stores, and transmits large amounts of electronic information, including information relating to the transactions of the Fund. The Advisor and the Fund are therefore susceptible to cybersecurity risk. Cybersecurity failures or breaches of the Fund or its service providers have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, the inability of Fund shareholders to transact business, violations of applicable privacy and other laws, regulatory fines, penalties and/or reputational damage. The Fund and its shareholders could be negatively impacted as a result. PERFORMANCE INFORMATION The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class shares performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund acquired all of the assets and liabilities of the Cantor Fitzgerald Equity Dividend Plus Fund (the “Surviving Fund”) and the Cantor FBP Appreciation & Income Opportunities Fund (together with the Surviving Fund, the “Predecessor Funds”), each a series of Williamsburg Investment Trust in tax-free reorganizations on July 28, 2023 (the “Reorganizations”). In connection with the Reorganizations, shares of each Predecessor Fund were exchanged for Institutional Class shares of the Fund. The Surviving Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and were managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The performance information set forth below reflects the historical performance of the Surviving Fund shares, which are the Institutional Class shares of the Fund. Although Class A shares and Class C shares have similar annual returns to Institutional Class shares because the classes are invested in the same portfolio of securities, the returns for Class A shares and Class C shares are lower than Institutional Class shares because Class A and Class C shares have higher expenses than Institutional Class shares. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at https://equitydividendplusfund.cantorassetmanagement.com/. You may obtain the Fund’s most recently available month-end performance by calling 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) by visiting the Fund’s website at https://equitydividendplusfund.cantorassetmanagement.com/. As of the date of this prospectus, the Class C shares had not yet commenced operations, so no performance information is shown for Class C shares. The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class shares performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. https://equitydividendplusfund.cantorassetmanagement.com/ 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) Calendar year-by-year total return (Institutional Class) <img alt="" src="pro_001.jpg" style="height: 257px; width: 500px"/> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zXYhyagivBD" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">Years</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2016</td> <td id="xdx_989_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000241909Member_zhXAszYAtIF6" style="display: none; width: 50%">18.95%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2017</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000241909Member_z5W80ovh8If6" style="display: none">12.41%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2018</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000241909Member_zBFKi5Lj5UP9" style="display: none">-4.58%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2019</td> <td id="xdx_98B_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000241909Member_zYnHIjtZh5n" style="display: none">18.79%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2020</td> <td id="xdx_98F_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000241909Member_zMA2tOu5DS99" style="display: none">-1.51%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2021</td> <td id="xdx_985_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000241909Member_zGDm6YOzumZf" style="display: none">28.01%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2022</td> <td id="xdx_98C_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000241909Member_zDKCJSxvg6Ei" style="display: none">-1.75%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2023</td> <td id="xdx_98A_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000241909Member_z914plkft5ma" style="display: none">3.86%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2024</td> <td id="xdx_987_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000241909Member_zDcagKzOw4x9" style="display: none">12.22%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2025</td> <td id="xdx_987_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000241909Member_zrEmrCoskdV9" style="display: none">11.77%</td></tr> </table> 0.1895 0.1241 -0.0458 0.1879 -0.0151 0.2801 -0.0175 0.0386 0.1222 0.1177 During the periods illustrated in this bar chart, the Fund’s shares highest quarterly return was 17.93% for the quarter ended December 31, 2020, and its lowest quarterly return was -28.92% for the quarter ended March 31, 2020. the Fund’s shares highest quarterly return 0.1793 2020-12-31 its lowest quarterly return -0.2892 2020-03-31 Average annual total returns for periods ended December 31, 2025 <div id="xdx_A80_eoef--PerformanceTableTextBlock_zhSmKAdScm3h"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5D_dU_zcuButMX9NCh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_49B_20250101__20251231_zvmBS48PWhy8" style="border-bottom: Black 1pt solid; text-align: center">1 year</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_495_20210101__20251231_zfm4ko0SMUE8" style="border-bottom: Black 1pt solid; text-align: center">5 years</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_494_20160101__20251231_zNCb53xPpTW2" style="border-bottom: Black 1pt solid; text-align: center">10 years or lifetime</td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000241909Member_ztRVCAGMGtJh" style="vertical-align: bottom"> <td style="width: 58%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Institutional Class Return Before Taxes</td> <td style="width: 2%"> </td> <td style="width: 12%; text-align: center">11.77%</td> <td style="width: 2%"> </td> <td style="width: 12%; text-align: center">10.38%</td> <td style="width: 2%"> </td> <td style="width: 12%; text-align: center">9.35%</td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000241909Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zdFDRuTkvseh" style="vertical-align: bottom"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Institutional Class Return After Taxes on Distributions</td> <td> </td> <td style="text-align: center">9.04%</td> <td> </td> <td style="text-align: center">8.05%</td> <td> </td> <td style="text-align: center">7.48%</td></tr> <tr id="xdx_406_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000241909Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_z6nfyo6vsii9" style="vertical-align: bottom"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Institutional Class Return After Taxes on Distributions and Sale of Fund Shares</td> <td> </td> <td style="text-align: center">8.68%</td> <td> </td> <td style="text-align: center">7.91%</td> <td> </td> <td style="text-align: center">7.25%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Class A Shares Return Before Taxes</td> <td> </td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000241910Member_zTY51Ec0yULc" style="text-align: center">5.11%</td> <td> </td> <td style="text-align: center">N/A*</td> <td> </td> <td id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20160101__20251231__oef--ClassAxis__custom--C000241910Member_fKg_____zQYtCf2ncR9k" style="text-align: center">8.44%*</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000241910Member__oef--PerformanceMeasureAxis__custom--SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zxfAoUfwROvl" style="vertical-align: bottom"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">S&P 500® Index (reflects no deduction for fees, expenses, or taxes)**</td> <td> </td> <td style="text-align: center">17.88%</td> <td> </td> <td style="text-align: center">14.42%</td> <td> </td> <td style="text-align: center">14.82%</td></tr> <tr id="xdx_401_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000241910Member__oef--PerformanceMeasureAxis__custom--Russell1000ValueReflectsNoDeductionForFeesExpensesOrTaxesMember_zPisGR3Wg9W1" style="vertical-align: bottom"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Russell 1000 Value (reflects no deduction for fees, expenses, or taxes)***</td> <td> </td> <td style="text-align: center">15.91%</td> <td> </td> <td style="text-align: center">11.33%</td> <td> </td> <td style="text-align: center">10.53%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.35in; text-align: left">*</td> <td style="text-align: justify">Class A commenced on July 31, 2023.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">**</td> <td style="text-align: justify">Standard & Poor’s 500® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global. All rights reserved. The primary index was changed from Russell 1000 Value Index to the S&P 500 Index because the latter is a broader-based market index. The Russell 1000 Value Index is now used as a secondary benchmark, because the Advisor believes it represents the portion of the market in which the Fund invests.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">***</td> <td style="text-align: justify">Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.</td> </tr> </table> Return Before Taxes 0.1177 0.1038 0.0935 0.0904 0.0805 0.0748 0.0868 0.0791 0.0725 Return Before Taxes 0.0511 0.0844 reflects no deduction for fees, expenses, or taxes 0.1788 0.1442 0.1482 reflects no deduction for fees, expenses, or taxes 0.1591 0.1133 0.1053 2023-07-31 The primary index was changed from Russell 1000 Value Index to the S&P 500 Index because the latter is a broader-based market index. The Russell 1000 Value Index is now used as a secondary benchmark, because the Advisor believes it represents the portion of the market in which the Fund invests. After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. Cantor Fitzgerald Large Cap Focused Fund SUMMARY INVESTMENT OBJECTIVE The Cantor Fitzgerald Large Cap Focused Fund (the “Fund”) seeks long-term growth of capital. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and is included in the section of the Fund’s prospectus entitled How to Reduce Your Sales Charge on page 47 and in the sections of the Fund’s Statement of Additional Information entitled Purchasing Shares on page 49. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. 50000 <div id="xdx_A87_eoef--ShareholderFeesTableTextBlock_zN03dY8fPN51"></div> <table cellpadding="3" cellspacing="0" id="xdx_A53_dU_zY9SaNGy5Ur2" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: bottom; width: 32%; padding-bottom: 0pt">Shareholder Fees</td> <td id="xdx_490_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234854Member_z3fmtMVcp3th" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_495_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234853Member_zzNRyfaY5fOj" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_499_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234855Member_zPrnHUoCf6dd" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> <td id="xdx_49E_20261002__20261002__dei--LegalEntityAxis__custom--S000110010Member__oef--ClassAxis__custom--C000281236Member_zGT9yJSKCRt4" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center; padding-bottom: 0pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: bottom">(fees paid directly from your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: #000000"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class C</td> </tr> <tr id="xdx_400_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zOh2GFUSGk97" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> 5.75%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> <tr id="xdx_405_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zf04XmnCHyGd" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Deferred Sales Charge (Load) (as a % of the lesser of amount purchased or redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1.00%1</td> </tr> <tr id="xdx_409_eoef--RedemptionFeeOverRedemption_dpn_zR9kvF3nyNH5" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Redemption Fee (as a % of amount redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> </table> 0.0575 0 0 0 0 0 0 0.0100 0 0 0 0 <div id="xdx_A8F_eoef--AnnualFundOperatingExpensesTableTextBlock_znfmPoH8scj3"></div> <table cellpadding="3" cellspacing="0" id="xdx_A55_dU_zIHFaOrv56q9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_490_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234854Member_zZEb6Lc2EHsi" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_495_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234853Member_zqOLtCUbb0a9" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_499_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234855Member_z0wgcpqV9un7" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_491_20261002__20261002__dei--LegalEntityAxis__custom--S000110010Member__oef--ClassAxis__custom--C000281236Member_zGUG3Y8S77S9" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: Black; vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class C</td></tr> <tr id="xdx_401_eoef--ManagementFeesOverAssets_dpn_z5HkbKk5W0Li" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 52%; text-align: left; padding-bottom: 1pt">Management Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td></tr> <tr id="xdx_40E_eoef--DistributionAndService12b1FeesOverAssets_dpn_zoLaURW9jCnh" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Distribution and/or Service (12b-1) Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.25%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.00%</td></tr> <tr id="xdx_400_eoef--OtherExpensesOverAssets_dpn_zWc1NcPdeJub" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Other Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.28%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.28%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.19%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.28%</td></tr> <tr id="xdx_40C_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_zTMyE0XGyOd1" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Acquired Fund Fees and Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td></tr> <tr id="xdx_40C_eoef--ExpensesOverAssets_dpn_zW8A0dq7JjSi" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.19%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.94%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.85%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.94%</td></tr> <tr id="xdx_40B_eoef--FeeWaiverOrReimbursementOverAssets_dpn_zhhdN5dK9kl7" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Fee Waivers/Reimbursements2</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.01)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.07)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.19)%3</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.01)%</td></tr> <tr id="xdx_40C_eoef--NetExpensesOverAssets_dpn_zfib4AiYf385" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.18%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.87%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.66%3</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.87%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">2.</td> <td style="text-align: justify">The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.17%, 0.86%, 0.65%, and 1.86% of the average daily net assets of the Class A shares, Institutional Class shares, Class R6 shares, and Class C shares of the Fund, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">3.</td> <td style="text-align: justify">Restated to reflect current contractual expense cap.</td> </tr> </table> 0.0065 0.0065 0.0065 0.0065 0.0025 0 0 0.0100 0.0028 0.0028 0.0019 0.0028 0.0001 0.0001 0.0001 0.0001 0.0119 0.0094 0.0085 0.0194 -0.0001 -0.0007 -0.0019 -0.0001 0.0118 0.0087 0.0066 0.0187 January 31, 2028 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8F_eoef--ExpenseExampleWithRedemptionTableTextBlock_z4MQHb2Qrjhd"></div> <table cellpadding="3" cellspacing="0" id="xdx_A50_dU_z38QQknG7Zpd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_48B_eoef--ExpenseExampleYear01_zJynOC7AlxR6" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_48C_eoef--ExpenseExampleYear03_zY53KXxsXmB6" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_48F_eoef--ExpenseExampleYear05_zOmJxegm8i5e" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_48D_eoef--ExpenseExampleYear10_znzmLbCYq1Mf" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_419_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234854Member_z9pJC4Uia0Ml" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$688</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$929</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,190</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,933</td> </tr> <tr id="xdx_414_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234853Member_z1iLTDPSuaIc" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$89</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$285</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$506</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,141</td> </tr> <tr id="xdx_415_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234855Member_zoKdLxPg61Bf" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$67</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$232</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$432</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,011</td> </tr> <tr id="xdx_41D_20261002__20261002__dei--LegalEntityAxis__custom--S000110010Member__oef--ClassAxis__custom--C000281236Member_zJs1yzqpNTs9" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$290</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$595</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,033</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,251</td> </tr> </table> 688 929 1190 1933 89 285 506 1141 67 232 432 1011 290 595 1033 2251 You would pay the following expenses if you did not redeem your shares: <div id="xdx_A87_eoef--ExpenseExampleNoRedemptionTableTextBlock_z7DzZBQyOp42"></div> <table cellpadding="3" cellspacing="0" id="xdx_A59_dU_zLFfMxbkw2A9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example, No Redemption"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_483_eoef--ExpenseExampleNoRedemptionYear01_z1QODQ6olmQ1" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_48B_eoef--ExpenseExampleNoRedemptionYear03_z8su43O0UYFb" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_48E_eoef--ExpenseExampleNoRedemptionYear05_ztM2SvNYh2Gd" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_485_eoef--ExpenseExampleNoRedemptionYear10_zCn3eBsE8UW9" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_419_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234854Member_zBDkWJi90fu9" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$688</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$929</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,190</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,933</td> </tr> <tr id="xdx_414_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234853Member_zkUA0OxXOAa5" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$89</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$285</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$506</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,141</td> </tr> <tr id="xdx_415_20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member__oef--ClassAxis__custom--C000234855Member_z97papq4bmQa" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$67</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$232</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$432</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,011</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000110010Member__oef--ClassAxis__custom--C000281236Member_z70lGb4ksFY9" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$190</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$595</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,033</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,251</td> </tr> </table> 688 929 1190 1933 89 285 506 1141 67 232 432 1011 190 595 1033 2251 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal year ended September 30, 2025, the Fund’s (defined in “Performance Information” below) portfolio turnover rate was 29% of the average value of its portfolio. 0.29 PRINCIPAL INVESTMENT STRATEGIES <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEludmVzdG1lbnQgU3RyYXRlZ3kA" id="xdx_907_efnd--NmRule35d1EightyPctInvstmntPlcyTextBlock_c20261002__20261002__dei--LegalEntityAxis__custom--S000075628Member_z4u7zSYjJw19">Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in large cap equity securities. The Advisor considers large cap equity securities to be those of issuers with a capitalization of at least $10 billion. Under the general supervision of the Advisor, the Fund invests in a portfolio of approximately 35-45 common stocks that the Advisor believes offers the best potential for earnings growth with the lowest risk of negative earnings surprises. The Advisor employs quantitative and qualitative analysis to identify high quality companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. Beginning with a universe of the largest approximately 1,000 U.S. based companies by market capitalization, which include large, mid, and small capitalization companies, the Advisor’s investment team uses screens primarily based on earnings growth potential, valuation, financials, and earnings quality factors to narrow the candidate universe. The Advisor’s earnings quality screen is intended to assess the sustainability of a company’s growth, which the Advisor believes will allow for a company to experience an extended period of improving earnings growth. In assessing the sustainability of a company’s growth, the Advisor includes an analysis of the company’s financial condition including the relationship of operating cash flow to reported net income; balance sheet accruals, which includes an assessment of the individual components of working capital in addition to select operating asset/liability accounts; asset utilization; and returns on capital. Through this analysis, the Advisor is seeking to invest in companies with improving returns that, over time, will be converted to higher growth rates. The Fund will generally invest primarily in US companies. Stocks that pass the initial screens are then evaluated using a proprietary methodology and fundamental analysis to produce a list of 80 - 100 eligible companies that the Advisor believes have a high probability of earnings growth that exceeds investor expectations. The analysis includes an evaluation of changes in earnings expectations for the company and evaluation of earnings quality. The Advisor then constructs the Fund’s portfolio based on a traditional fundamental analysis of the companies identified on the list to understand their business prospects, earnings potential, strength of management and competitive positioning. Stocks may be sold if they exhibit negative investment or performance characteristics, including: a negative earnings forecast or report, valuation concerns, deterioration of financial and earnings quality or announcement of a buyout. Additionally, from time to time, in pursuing its investment strategies, the Fund may hold significant investments (25% or more of its assets) in a specific market sector, including the information technology sector. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in large cap equity securities. Additionally, from time to time, in pursuing its investment strategies, the Fund may hold significant investments (25% or more of its assets) in a specific market sector, including the information technology sector. The loss of your money is a principal risk of investing in the Fund. Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund’s net asset value per shares (“NAV”), trading price, yield, total return, and ability to meet its investment objectives. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Generally, the Fund will be subject to the following principal risks: The loss of your money is a principal risk of investing in the Fund. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Equity Securities Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks tend to move in cycles and may decline in tandem with a drop in the overall value of the markets based on negative developments in the U.S. or global economies. Stocks and other equity securities are subject to inherent market risks and fluctuations in value due to earnings and other developments affecting a particular company or industry, stock market trends and general economic conditions, investor perceptions, interest rate changes and other factors beyond the control of the Advisor. The price of a company’s stock may decline if the company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence. Economies and financial markets throughout the world have become interconnected which increases the possibility that economic, financial, or political events in one country, sector or region could have potentially adverse effects on global economies or markets. Russia’s military invasion of Ukraine, the responses and sanctions by other countries, and the potential for wider conflicts, could continue to have adverse effects on regional and global economies and may further strain global supply chains and negatively affect global growth and inflation. Policy changes by the U.S. government and/or Federal Reserve and political events with the U.S. and abroad, such as changes in the U.S. presidential administration and Congress, may affect investor and consumer confidence, and adversely impact the financial markets. Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes and tsunamis, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and the markets. For example, the outbreak of an infectious respiratory illness caused by a novel coronavirus, known as COVID-19, and efforts to contain its spread, have resulted, and may continue to result in labor shortages, supply chain disruptions, lower consumer demand for certain products and services, and significant disruptions to economies and markets, adversely affecting individual companies, sectors, industries, interest rates and investor sentiment. Market Risk. The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling. Growth Stock Risk. Growth stocks (such as those in the information technology sector) reflect projections of future earnings and revenue. These prices may rise or fall dramatically depending on whether those projections are met. These companies’ stock prices may be more volatile, particularly over the short term. <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--LimitedNumberOfSecuritiesRiskMember_ztGuBPoiD8G9" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Limited Number of Securities Risk. The possibility that a single security’s increase or decrease in value may have a greater impact on a fund’s value and total return because the fund may hold larger positions in fewer securities than other funds. In addition, a fund that holds a limited number of securities may be more volatile than those funds that hold a greater number of securities. Sector Risk. The risk that the value of securities in a particular sector (such as information technology) will decline because of changing expectations for the performance of that sector. <p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallToMidCapCompanyRiskMember_zMqjnptRweSc" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Small to Mid Cap Company Risk. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. Liquidity Risk. The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them. <p id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementAndSelectionRiskMember_ztMvW4cDc87l" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Active Management and Selection Risk. The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index. Market Disruptions Risk. The Fund may incur major losses in the event of market disruptions and other extraordinary events in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility and risk. <p id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_ziLA4ENtazq6" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Changes in Trade Negotiations Risk. In recent years, the U.S. government has indicated its intent to alter its approach to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such impacted jurisdictions. <p id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_zZ3tLggz0mTc" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Highly Volatile Markets Risk. The prices of instruments in which the Fund may invest are influenced by numerous factors, including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global). Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest. In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets. <p id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_zvAU2644oEXk" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">U.S. Debt Ceiling and Budget Deficit Risks. U.S. debt ceiling and budget deficit concerns have increased the possibility of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have a material adverse effect on the Fund’s business, financial condition and results of operations. Cybersecurity Risk. As part of its business, the Advisor processes, stores, and transmits large amounts of electronic information, including information relating to the transactions of the Fund. The Advisor and the Fund are therefore susceptible to cybersecurity risk. Cybersecurity failures or breaches of the Fund or its service providers have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, the inability of Fund shareholders to transact business, violations of applicable privacy and other laws, regulatory fines, penalties and/or reputational damage. The Fund and its shareholders could be negatively impacted as a result. PERFORMANCE INFORMATION The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Class A performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund acquired all of the assets and liabilities of the First Investors Select Growth Fund, a series of First Investors Equity Funds (the “First Predecessor Fund”) in a tax-free reorganization on October 4, 2019. The Fund acquired all of the assets and liabilities of the Delaware Growth Equity Fund, a series of Delaware Group Equity Funds IV, (the “Predecessor Fund”), (the “Second Predecessor Fund”) together with the First Predecessor Fund, the “Predecessor Funds”) in a tax-free reorganization on September 16, 2022 (the “Reorganization”). In connection with First Predecessor Fund acquisition, shares of the First Predecessor Fund’s Class A shares, Advisor Class shares, and Institutional Class shares were exchanged for Class A shares, Institutional Class shares, and Class R6 shares, respectively, of the Second Predecessor Fund. In connection with Second Predecessor Fund acquisition, shares of the Second Predecessor Fund’s Class A shares, Institutional Class shares, and Class R6 shares were exchanged for Class A shares, Institutional Class shares, and Class R6 shares of the Fund. The Predecessor Funds had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and were managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The performance information set forth below reflects the historical performance of the Predecessor Funds shares. Although Institutional Class shares, Class C shares, and Class R6 shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, (i) the returns for Institutional Class shares and Class R6 shares are higher than Class A shares because Institutional Class shares and Class R6 shares have lower expenses than Class A shares and (ii) the returns for Class C shares are lower than Class A shares because Class C shares have higher expenses than Class A shares. Performance information for periods prior to September 16, 2022 does not reflect the Fund’s current Advisor. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at https://largecapfocusedfund.cantorassetmanagement.com/. You may obtain the Fund’s most recently available month-end performance by calling 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) or by visiting the Fund’s website at https://largecapfocusedfund.cantorassetmanagement.com/. As of the date of this prospectus, the Class C shares had not yet commenced operations, so no performance information is shown for Class C shares. The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Class A performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) https://largecapfocusedfund.cantorassetmanagement.com/ Calendar year-by-year total return (Class A) <img alt="" src="pro_002.jpg" style="height: 229px; width: 550px"/> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zhC3Arre9yP9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">Years</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2016</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000234854Member_zZQ78sBi13gj" style="display: none; width: 50%">3.69%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2017</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000234854Member_zUaMVv47D5V2" style="display: none">32.16%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2018</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000234854Member_z8OLRmeXajn8" style="display: none">-3.95%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2019</td> <td id="xdx_981_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000234854Member_z0x32kup1ZS7" style="display: none">24.14%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2020</td> <td id="xdx_98C_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000234854Member_z0KP8QflIrDh" style="display: none">28.26%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2021</td> <td id="xdx_987_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000234854Member_zKaoQPT7hBob" style="display: none">38.80%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2022</td> <td id="xdx_989_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000234854Member_zQNqIQ6Ukrqa" style="display: none">-24.65%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2023</td> <td id="xdx_98F_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000234854Member_zWjzKFhDoax7" style="display: none">28.68%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2024</td> <td id="xdx_989_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000234854Member_zgcwWYjNKUb5" style="display: none">23.81%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2025</td> <td id="xdx_98F_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000234854Member_zsKWhnCgyV5e" style="display: none">20.45%</td></tr> </table> 0.0369 0.3216 -0.0395 0.2414 0.2826 0.3880 -0.2465 0.2868 0.2381 0.2045 During the periods illustrated in this bar chart, Class A’s highest quarterly return was 25.42% for the quarter ended June 30, 2020, and its lowest quarterly return was -19.28% for the quarter ended June 30, 2022. highest quarterly return 0.2542 2020-06-30 lowest quarterly return -0.1928 2022-06-30 Average annual total returns for periods ended December 31, 2025 <div id="xdx_A84_eoef--PerformanceTableTextBlock_zReRWDwtJDsh"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_zFbkNXXGwt78" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: center"> </td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_49D_20250101__20251231_ztQCLUgNcH0l" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1 year</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_49D_20210101__20251231_zC2k1TCdiTIe" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">5 years</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_492_20160101__20251231_zi6nGFwfBL09" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">10 years or lifetime</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000234854Member_zEM62s57Ta05" style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 58%; text-align: left; padding-bottom: 1pt">Class A return before taxes</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">13.53%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">13.60%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">14.77%</td></tr> <tr id="xdx_406_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000234854Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zI0mzOfBnkUa" style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class A return after taxes on distributions</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">12.32%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">10.05%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">11.70%</td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000234854Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zMOd9pWAqOD5" style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class A return after taxes on distributions and sale of Fund shares</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">8.49%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">9.89%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">11.25%</td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Institutional Class return before taxes (lifetime: 4/1/13–12/31/25)</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000234853Member_zBJ1Zq6DZjmf" style="vertical-align: bottom; text-align: center">20.83%</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000234853Member_zKjARFthEJaa" style="vertical-align: bottom; text-align: center">15.28%</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20130401__20251231__oef--ClassAxis__custom--C000234853Member_zq5xSZjWP5Zb" style="vertical-align: bottom; text-align: center">15.82%</td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class R6 return before taxes (lifetime: 4/1/13–12/31/25)</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000234855Member_zLqURSNO5bH7" style="vertical-align: bottom; text-align: center">20.91%</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20210101__20251231__oef--ClassAxis__custom--C000234855Member_z4a7yR8Qwsyl" style="vertical-align: bottom; text-align: center">15.37%</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_988_eoef--AvgAnnlRtrPct_dp_c20130401__20251231__oef--ClassAxis__custom--C000234855Member_ziBpJkgSPiZh" style="vertical-align: bottom; text-align: center">15.88%</td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000234855Member__oef--PerformanceMeasureAxis__custom--StandardAndPoors500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zUxGezyvIbV4" style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Standard & Poor’s 500 Index (reflects no deduction for fees, expenses, or taxes)</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">17.88%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">14.42%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">14.82%</td></tr> </table> return before taxes 0.1353 0.1360 0.1477 0.1232 0.1005 0.1170 0.0849 0.0989 0.1125 return before taxes 2013-04-01 0.2083 0.1528 0.1582 return before taxes 2013-04-01 0.2091 0.1537 0.1588 reflects no deduction for fees, expenses, or taxes 0.1788 0.1442 0.1482 Standard & Poor’s 500® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global. All rights reserved. After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. Cantor Fitzgerald International Equity Fund SUMMARY INVESTMENT OBJECTIVE The Cantor Fitzgerald International Equity Fund (the “Fund”) seeks long-term growth of capital. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and is included in the section of the Fund’s prospectus entitled How to Reduce Your Sales Charge on page 47 and in the sections of the Fund’s Statement of Additional Information entitled Purchasing Shares on page 49. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. 50000 <div id="xdx_A8F_eoef--ShareholderFeesTableTextBlock_zorqD1uR5yge"></div> <table cellpadding="3" cellspacing="0" id="xdx_A57_dU_zF63ZR7X0Lei" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; width: 30%; text-align: left">Shareholder Fees</td> <td id="xdx_49D_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246496Member_z6OdGYDeNoR7" style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt; padding-top: 0pt; width: 10%; vertical-align: bottom"> </td> <td id="xdx_496_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246495Member_zUFadj3pwjMh" style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt; padding-top: 0pt; width: 10%; vertical-align: bottom"> </td> <td id="xdx_49E_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246498Member_zsUdkjQfc8Wd" style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt; padding-top: 0pt; width: 10%; vertical-align: bottom"> </td> <td id="xdx_49F_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246497Member_zuRZUCAjcDF5" style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt; padding-top: 0pt; width: 10%; vertical-align: bottom"> </td> <td id="xdx_494_20261002__20261002__dei--LegalEntityAxis__custom--S000110012Member__oef--ClassAxis__custom--C000281238Member_ziXD7CNRGdP" style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt; padding-top: 0pt; width: 10%; vertical-align: bottom"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: left">(fees paid directly from your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 0pt; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 0pt; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 0pt; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 0pt; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-top: 0pt; vertical-align: bottom"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: #000000"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class F</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class C</td> </tr> <tr id="xdx_40A_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zJqZNFM3Ep3a" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left"> Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> 5.75%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> <tr id="xdx_402_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zAIzTrFfghga" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left"> Maximum Deferred Sales Charge (Load) (as a % of the lesser of amount purchased or redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1.00%1</td> </tr> <tr id="xdx_408_eoef--RedemptionFeeOverRedemption_dpn_z4HzJ3mXtgQf" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left"> Redemption Fee (as a % of amount redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"> None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> </table> 0.0575 0 0 0 0 0 0 0 0 0.0100 0 0 0 0 0 <div id="xdx_A81_eoef--AnnualFundOperatingExpensesTableTextBlock_zb9WBWSZ10q2"></div> <table cellpadding="3" cellspacing="0" id="xdx_A59_dU_zHy6neOKY6Be" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%; height: 3pt" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="vertical-align: bottom"> <td style="text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_49D_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246496Member_zix1ExICvXE2" style="text-align: left"> </td> <td id="xdx_496_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246495Member_zt4YV3pAFNQk" style="text-align: left"> </td> <td id="xdx_49E_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246498Member_zyukSKDFLfIg" style="text-align: left"> </td> <td id="xdx_49F_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246497Member_zDqaWFfHkUH7" style="vertical-align: bottom; text-align: center"> </td> <td id="xdx_497_20261002__20261002__dei--LegalEntityAxis__custom--S000110012Member__oef--ClassAxis__custom--C000281238Member_zWmhHQalyHsc" style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: Black; vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class F</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class C</td></tr> <tr id="xdx_402_eoef--ManagementFeesOverAssets_dpn_zEcXm0EekYHb" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 50%; text-align: left; padding-bottom: 1pt">Management Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; text-align: center">0.79%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; text-align: center">0.79%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; text-align: center">0.79%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; text-align: center">0.79%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 10%; text-align: center">0.79%</td></tr> <tr id="xdx_402_eoef--DistributionAndService12b1FeesOverAssets_dpn_zvgEkPhHL762" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Distribution and/or Service (12b-1) Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.25%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">none</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.00%</td></tr> <tr id="xdx_405_eoef--OtherExpensesOverAssets_dpn_zAuFumdPGwal" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Other Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.31%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.36%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.27%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.11%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.36%</td></tr> <tr id="xdx_401_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_za5bD1AAlWvk" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Acquired Fund Fee and Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.02%</td></tr> <tr id="xdx_40B_eoef--ExpensesOverAssets_dpn_zsCvSGQ3qTI5" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">3.37%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">3.17%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">3.03%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.92%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">4.17%</td></tr> <tr id="xdx_409_eoef--FeeWaiverOrReimbursementOverAssets_dpn_ze58DDTHRjYi" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Fee Waivers/Reimbursements2</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(2.11)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(2.16)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(2.11)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(2.11)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(2.16)%</td></tr> <tr id="xdx_403_eoef--NetExpensesOverAssets_dpn_z0bvc2wlAmCf" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.26%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.92%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.81%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2.01%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">2.</td> <td style="text-align: justify">The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.24%, 0.99%, 0.90%, 0.79%, and 1.99% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, Class F shares, and Class C shares, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment.</td> </tr> </table> 0.0079 0.0079 0.0079 0.0079 0.0079 0.0025 0 0 0 0.0100 0.0231 0.0236 0.0227 0.0211 0.0236 0.0002 0.0002 0.0002 0.0002 0.0002 0.0337 0.0317 0.0303 0.0292 0.0417 -0.0211 -0.0216 -0.0211 -0.0211 -0.0216 0.0126 0.0101 0.0092 0.0081 0.0201 January 31, 2028 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A89_eoef--ExpenseExampleWithRedemptionTableTextBlock_zx2M0HHlGBwd"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5F_dU_zdffqQGF6L8c" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_48B_eoef--ExpenseExampleYear01_zJQvC23Z37R9" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_48C_eoef--ExpenseExampleYear03_z0XyxDLPkgEi" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_481_eoef--ExpenseExampleYear05_zy0FTEmbmtua" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_487_eoef--ExpenseExampleYear10_ztXuDZ2Dj2ke" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246496Member_zD42cmFWbeN6" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$696</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,166</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,872</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,741</td> </tr> <tr id="xdx_41C_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246495Member_z48csbxGnEBf" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$103</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$556</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,267</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,162</td> </tr> <tr id="xdx_411_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246498Member_zBvzNa4KijS4" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$94</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$523</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,206</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,034</td> </tr> <tr id="xdx_412_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246497Member_ztHC7w9Q39c" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class F</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$83</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$489</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,150</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,926</td> </tr> <tr id="xdx_415_20261002__20261002__dei--LegalEntityAxis__custom--S000110012Member__oef--ClassAxis__custom--C000281238Member_z1eyKrRy50ak" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$304</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$858</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,758</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$4,072</td> </tr> </table> 696 1166 1872 3741 103 556 1267 3162 94 523 1206 3034 83 489 1150 2926 304 858 1758 4072 You would pay the following expenses if you did not redeem your shares: <div id="xdx_A8A_eoef--ExpenseExampleNoRedemptionTableTextBlock_zxRGcverpwS7"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5F_dU_zkeqAzzGemhi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example, No Redemption"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_484_eoef--ExpenseExampleNoRedemptionYear01_znD2soe6uxS9" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_484_eoef--ExpenseExampleNoRedemptionYear03_zbvDW6I1RdB3" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_48B_eoef--ExpenseExampleNoRedemptionYear05_zCfaNKHlomCk" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_48A_eoef--ExpenseExampleNoRedemptionYear10_zHc2wEas8l93" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246496Member_z9xtmeq3fgL5" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$696</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,166</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,872</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,741</td> </tr> <tr id="xdx_41C_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246495Member_zXalwMZpi8O4" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$103</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$556</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,267</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,162</td> </tr> <tr id="xdx_411_20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member__oef--ClassAxis__custom--C000246498Member_zJfk1TxH8YLd" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$94</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$523</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,206</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$3,034</td> </tr> <tr id="xdx_41C_20261002__20261002__dei--LegalEntityAxis__custom--S000110012Member__oef--ClassAxis__custom--C000281238Member_z3F3N3s0BBng" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$204</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$858</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,758</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$4,072</td> </tr> </table> 696 1166 1872 3741 103 556 1267 3162 94 523 1206 3034 204 858 1758 4072 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal year ended September 30, 2025, the Fund’s portfolio turnover rate was 87% of the average value of its portfolio. 0.87 PRINCIPAL INVESTMENT STRATEGIES <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEludmVzdG1lbnQgU3RyYXRlZ3kA" id="xdx_901_efnd--NmRule35d1EightyPctInvstmntPlcyTextBlock_c20261002__20261002__dei--LegalEntityAxis__custom--S000083015Member_z8YS7zC3XHh7">Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. Under the general supervision of the Advisor, the Fund invests in a portfolio of approximately 35-45 equity and equity-related securities (common stock, ADRs, and GDRs) of large and midcap companies that the Advisor believes offers the best potential for unexpected earnings growth. Under normal circumstances, the Fund will primarily invest its net assets in equity and equity-related securities of companies located in at least ten countries outside the U.S., including in emerging market countries. The Advisor believes that companies that can sustainably grow earnings (as more fully described below) faster than expected should outperform over the long run. The Advisor believes that the most attractive earnings a company can generate are (1) above investor expectations over an extended time period, (2) supported by strong earnings quality (as more fully described below), and (3) not yet recognized by investors and, thus, reasonably valued. The Advisor employs quantitative and qualitative analysis to identify high quality, reasonably valued companies that it believes have the ability to exceed investor expectations for earnings growth. The starting selection universe for the Fund is generally the MSCI All-Country World Index ex-United States. The Advisor’s investment team uses screens primarily based on earnings growth potential, earnings quality factors, valuation metrics, and liquidity to narrow the candidate universe. The Advisor’s earnings quality screen is intended to assess the sustainability of a company’s growth (with a goal of identifying companies likely to grow at a faster than expected rate for at least the next two years), which the Advisor believes will allow for a company to experience an extended period of earnings growth in excess of market expectations. In assessing a company’s earnings quality, the Advisor includes an analysis of the company’s financial condition including the relationship of operating cash flow to reported net income; balance sheet accruals, which includes an assessment of the individual components of working capital in addition to select operating asset/liability accounts; asset utilization; and returns on capital. Stocks that pass the initial screens are then ranked using a proprietary methodology to produce a list of approximately 100 candidates that the Advisor believes have a high probability of achieving earnings growth above the expectations of analysts of the equity markets. The analysis includes an evaluation of changes in earnings expectations, an evaluation of earnings quality, and an evaluation of the reasonableness of the current valuation. The Advisor then performs traditional fundamental analysis of the companies ranked highly by the Advisor’s proprietary methodology described above to verify the attractiveness of the company, including understanding sources and catalysts for growth, competitive positioning, and financial strength. The Advisor uses the bottom-up selection process described above to identify the most attractive candidates for inclusion in the portfolio. The Adviser seeks to control risk for the Fund by forming a portfolio that generally does not maintain a significant bias (generally defined as plus or minus 10% relative to the Fund’s benchmark, the MSCI All-Country World Index ex-United States) for or against a particular geographic region or economic sector relative to its benchmark. As of September 30, 2025, the benchmark, and, therefore, the Fund has the largest absolute weights in the Financials, Information Technology, and Industrials sectors. The Fund is primarily concerned with selecting outperforming stocks rather than outperforming regions/sectors. In addition to controlling region and sector exposure, the Advisor also seeks to limit overall market risk for the Fund, by generally remaining within a target range of variance on beta relative to beta for the benchmark. Beta is a measure of a stock’s historical volatility in comparison with that of a market index. Stocks with a beta above 1 tend to be more volatile than their index, while stocks with lower betas tend to be less volatile. Stocks may be sold if they exhibit negative investment or performance characteristics, including: a deterioration in the company’s potential for unexpected growth, a deterioration in earnings quality, a valuation that is no longer compelling, or a corporate action such as a buyout. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The loss of your money is a principal risk of investing in the Fund. Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund’s net asset value per shares (“NAV”), trading price, yield, total return, and ability to meet its investment objectives. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Generally, the Fund will be subject to the following principal risks: The loss of your money is a principal risk of investing in the Fund. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Equity Securities Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks tend to move in cycles and may decline in tandem with a drop in the overall value of the markets based on negative developments in the U.S. or global economies. Stocks and other equity securities are subject to inherent market risks and fluctuations in value due to earnings and other developments affecting a particular company or industry, stock market trends and general economic conditions, investor perceptions, interest rate changes and other factors beyond the control of the Advisor. The price of a company’s stock may decline if the company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence. Economies and financial markets throughout the world have become interconnected which increases the possibility that economic, financial, or political events in one country, sector or region could have potentially adverse effects on global economies or markets. Russia’s military invasion of Ukraine, the responses and sanctions by other countries, and the potential for wider conflicts, could continue to have adverse effects on regional and global economies and may further strain global supply chains and negatively affect global growth and inflation. Policy changes by the U.S. government and/or Federal Reserve and political events with the U.S. and abroad, such as changes in the U.S. presidential administration and Congress, may affect investor and consumer confidence, and adversely impact the financial markets. Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes and tsunamis, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and the markets. For example, the outbreak of an infectious respiratory illness caused by a novel coronavirus, known as COVID-19, and efforts to contain its spread, have resulted, and may continue to result in labor shortages, supply chain disruptions, lower consumer demand for certain products and services, and significant disruptions to economies and markets, adversely affecting individual companies, sectors, industries, interest rates and investor sentiment. Market Risk. The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling. Foreign Securities Risk. Foreign securities have investment risks different from those associated with domestic securities. The value of foreign investments may be affected by the value of the local currency relative to the U.S. dollar, changes in exchange control regulations, application of foreign tax laws, changes in governmental economic or monetary policy, or changed circumstances in dealings between nations. There may be less government supervision of foreign markets, resulting in non-uniform accounting practices and less publicly available information about issuers of foreign securities. In addition, foreign brokerage commissions, custody fees, and other costs of investing in foreign securities are often higher than in the United States. Investments in foreign issues could be affected by other factors not present in the United States, including expropriation, armed conflict, confiscatory taxation, and potential difficulties in enforcing contractual obligations. Emerging Markets Risk. In addition to the risks of foreign securities in general, countries in emerging markets are more volatile and can have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, there may be greater market manipulation, and securities markets that trade a small number of issues which could reduce liquidity. There is also less publicly available information on emerging market companies due to differences in regulation, accounting, auditing, and financial recordkeeping requirements, and the information available may be unreliable or outdated. Growth Stock Risk. Growth stocks (such as those in the information technology sector) reflect projections of future earnings and revenue. These prices may rise or fall dramatically depending on whether those projections are met. These companies’ stock prices may be more volatile, particularly over the short term. <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--LimitedNumberOfSecuritiesRiskMember_zRnOw1yKUihg" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Limited Number of Securities Risk. The possibility that a single security’s increase or decrease in value may have a greater impact on a fund’s value and total return because the fund may hold larger positions in fewer securities than other funds. In addition, a fund that holds a limited number of securities may be more volatile than those funds that hold a greater number of securities. Sector Risk. The risk that the value of securities in a particular sector will decline because of changing expectations for the performance of that sector. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial Sector Risk. Companies in the financial sector are subject to extensive governmental regulation, which may limit both the amounts and types of loans and other financial commitments they can make, the interest rates and fees they can charge, the scope of their activities, the prices they can charge and the amount of capital they must maintain. Profitability is largely dependent on the availability and cost of capital funds and can fluctuate significantly when interest rates change or due to increased competition. In addition, deterioration of the credit markets generally may cause an adverse impact in a broad range of markets, including U.S. and</td> </tr> </table> international credit and interbank money markets generally, thereby affecting a wide range of financial institutions and markets. Certain events in the financial sector may cause an unusually high degree of volatility in the financial markets, both domestic and foreign, and cause certain financial services companies to incur large losses. Securities of financial services companies may experience a dramatic decline in value when such companies experience substantial declines in the valuations of their assets, take action to raise capital (such as the issuance of debt or equity securities), or cease operations. Credit losses resulting from financial difficulties of borrowers and financial losses associated with investment activities can negatively impact the sector. Insurance companies may be subject to severe price competition. Adverse economic, business or political developments could adversely affect financial institutions engaged in mortgage finance or other lending or investing activities directly or indirectly connected to the value of real estate. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Information Technology. Technology companies may have limited product lines, markets, financial resources or personnel. Technology companies typically face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of those rights. Companies in the technology sector are facing increased government and regulatory scrutiny and may be subject to adverse government or regulatory action.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Industrials. The industrials sector is subject the adverse effects on stock prices by supply and demand both for their specific product or service and for industrials industry products in general; decline in demand for products due to rapid technological developments and frequent new product introduction; adverse effects on securities prices and profitability from government regulation, world events and economic conditions; and risks for environmental damage and product liability claims.</td> </tr> </table> Mid Cap Company Risk. The earnings and prospects of medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. Liquidity Risk. The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them. <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementAndSelectionRiskMember_zZjJ5gaNR9th" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Active Management and Selection Risk. The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index. Market Disruptions Risk. The Fund may incur major losses in the event of market disruptions and other extraordinary events in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility and risk. <p id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_zVUcvVJGOKL8" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Changes in Trade Negotiations Risk. In recent years, the U.S. government has indicated its intent to alter its approach to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such impacted jurisdictions. <p id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_zqtPbCCEF3h6" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Highly Volatile Markets Risk. The prices of instruments in which the Fund may invest are influenced by numerous factors, including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global). Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest. In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets. <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_zSaMpwHdHL5f" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">U.S. Debt Ceiling and Budget Deficit Risks. U.S. debt ceiling and budget deficit concerns have increased the possibility of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have a material adverse effect on the Fund’s business, financial condition and results of operations. Cybersecurity Risk. As part of its business, the Advisor processes, stores, and transmits large amounts of electronic information, including information relating to the transactions of the Fund. The Advisor and the Fund are therefore susceptible to cybersecurity risk. Cybersecurity failures or breaches of the Fund or its service providers have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, the inability of Fund shareholders to transact business, violations of applicable privacy and other laws, regulatory fines, penalties and/or reputational damage. The Fund and its shareholders could be negatively impacted as a result. PERFORMANCE INFORMATION The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Class A performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. Although Institutional Class shares, Class C shares, Class F shares, and Class R6 shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, (i) the returns for Institutional Class shares, Class F shares, and Class R6 shares are higher than Class A shares because Institutional Class shares, Class F shares, and Class R6 shares have lower expenses than Class A shares and (ii) the returns for Class C shares are lower than Class A shares because Class C shares have higher expenses than Class A shares. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at https://InternationalEquityFund.cantorassetmanagement.com/. You may obtain the Fund’s most recently available month-end performance by calling 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) or by visiting the Fund’s website at https://InternationalEquityFund.cantorassetmanagement.com/. As of the date of this prospectus, the Class C shares had not yet commenced operations, so no performance information is shown for Class C shares. The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Class A performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) https://InternationalEquityFund.cantorassetmanagement.com/ Calendar year-by-year total return (Class A) <img alt="" src="pro_003.jpg" style="height: 230px; width: 550px"/> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A54_dU_zIwAu6HH21L5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">Years</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2024</td> <td id="xdx_985_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000246496Member_zkHmiMrzSU3g" style="display: none; width: 50%">7.63%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2025</td> <td id="xdx_987_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000246496Member_zNM9hqdKfK4e" style="display: none">33.36%</td></tr> </table> 0.0763 0.3336 During the periods illustrated in this bar chart, Class A’s highest quarterly return was 11.75% for the quarter ended June 30, 2025, and its lowest quarterly return was -5.50% for the quarter ended December 31, 2024. highest quarterly return 0.1175 2025-06-30 lowest quarterly return -0.0550 2024-12-31 Average annual total returns for periods ended December 31, 2025 <div id="xdx_A8A_eoef--PerformanceTableTextBlock_zSUlJfAlEKd"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_zcu8IpbWmEBe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_499_20250101__20251231_zvLpwuQZm9jk" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1 year</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_497_20230315__20251231_ztFs95KTZWs2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">10 years or lifetime*</td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246496Member_zIX8BpZkB3Wl" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 72%; text-align: left; padding-bottom: 1pt">Class A return before taxes</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">25.69%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">18.01%</td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246496Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_z5W1iGDFxj06" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class A return after taxes on distributions</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">25.54%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">17.72%</td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246496Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zCcy6w6kODFe" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class A return after taxes on distributions and sale of Fund shares</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">15.31%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">13.95%</td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246495Member_zDZVZSSKuus1" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Institutional Class return before taxes</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">33.79%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">21.79%</td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246497Member_z5JGMqt7Yzm4" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Class F return before taxes</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">34.01%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">22.04%</td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dpn_hoef--ClassAxis__custom--C000246497Member__oef--PerformanceMeasureAxis__custom--MSCIACWIExUSAIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zASU6Dl4LoT6" style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">MSCI ACWI ex USA Index (reflects no deduction for fees, expenses, or taxes)</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">32.38%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">19.07%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">*</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Class A commenced on December 15, 2023.</td> </tr> </table> return before taxes 0.2569 0.1801 0.2554 0.1772 0.1531 0.1395 return before taxes 0.3379 0.2179 return before taxes 0.3401 0.2204 reflects no deduction for fees, expenses, or taxes 0.3238 0.1907 2023-12-15 After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. Cantor Fitzgerald High Income Fund SUMMARY INVESTMENT OBJECTIVE The Cantor Fitzgerald High Income Fund (the “Fund”) seeks to obtain high current income. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and is included in the section of the Fund’s prospectus entitled How to Reduce Your Sales Charge on page 47 and in the sections of the Fund’s Statement of Additional Information entitled Purchasing Shares on page 49. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. 50000 <div id="xdx_A85_eoef--ShareholderFeesTableTextBlock_zi9RUiddLgR9"></div> <table cellpadding="3" cellspacing="0" id="xdx_A53_dU_zhdPId8E5wLb" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; text-align: left; vertical-align: top; width: 32%">Shareholder Fees</td> <td id="xdx_493_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250877Member_zkgPwHVr7v28" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_498_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250878Member_zUFyorueFRo6" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_491_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250876Member_zmsTQiBzFBDe" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_493_20261002__20261002__dei--LegalEntityAxis__custom--S000110014Member__oef--ClassAxis__custom--C000281240Member_z2xyUaDOtV7" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: top">(fees paid directly from your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; background-color: #000000"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class C</td> </tr> <tr id="xdx_40E_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_z1XHggQWPCo5" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">4.00%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> <tr id="xdx_401_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zVAj99T9acNf" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> Maximum Deferred Sales Charge (Load) (as a % of the lesser of amount purchased or redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1.00%2</td> </tr> <tr id="xdx_407_eoef--RedemptionFeeOverRedemption_dpn_z2OUVbypg3Vi" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> Redemption Fee (as a % of amount redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> </table> 0.0400 0 0 0 0 0 0 0.0100 0 0 0 0 <div id="xdx_A80_eoef--AnnualFundOperatingExpensesTableTextBlock_zeM1a8hbOxrh"></div> <table cellpadding="3" cellspacing="0" id="xdx_A50_dU_z0PTK6X7GuN6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_493_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250877Member_z3uhBKkv1eUk" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_498_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250878Member_zuGOXI3sdNe2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_491_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250876Member_zOnQWRrwByjg" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_496_20261002__20261002__dei--LegalEntityAxis__custom--S000110014Member__oef--ClassAxis__custom--C000281240Member_z1D4vPWt4gcl" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: Black; vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Institutional Class </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class C</td></tr> <tr id="xdx_406_eoef--ManagementFeesOverAssets_dpn_zJRycdUx00i1" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 52%; text-align: left; padding-bottom: 1pt">Management Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.65%</td></tr> <tr id="xdx_40A_eoef--DistributionAndService12b1FeesOverAssets_dpn_zasF0TDNoQTh" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Distribution and/or Service (12b-1) Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.20%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.00%</td></tr> <tr id="xdx_409_eoef--OtherExpensesOverAssets_dpn_zAGk0fgy2866" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Other Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.44%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.46%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.38%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.46%</td></tr> <tr id="xdx_402_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_z4ZoC9DAB0pf" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Acquired Fund Fees and Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.01%</td></tr> <tr id="xdx_404_eoef--ExpensesOverAssets_dpn_zn5ci3ZeFOXe" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.30%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.12%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.04%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2.12%</td></tr> <tr id="xdx_40A_eoef--FeeWaiverOrReimbursementOverAssets_dp_z0KigDBi4CUj" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Fee Waiver/Reimbursements3</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.29)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.31)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.23)%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">(0.31)%</td></tr> <tr id="xdx_409_eoef--NetExpensesOverAssets_dpn_zTkjWT2LPP7i" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation1</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.81%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">0.81%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.81%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Restated to reflect current contractual expense caps.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">2.</td> <td style="text-align: justify">Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase.</td> </tr> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: left">3.</td> <td style="text-align: justify">The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.00%, 0.80%, 0.80%, and 1.80% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, and Class C shares respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved</td> </tr> </table> without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment. 0.0065 0.0065 0.0065 0.0065 0.0020 0 0 0.0100 0.0044 0.0046 0.0038 0.0046 0.0001 0.0001 0.0001 0.0001 0.0130 0.0112 0.0104 0.0212 -0.0029 -0.0031 -0.0023 -0.0031 0.0101 0.0081 0.0081 0.0181 January 31, 2028 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A82_eoef--ExpenseExampleWithRedemptionTableTextBlock_zwfbIsc14Ahk"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5B_dU_zPY6RNYGJsra" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_481_eoef--ExpenseExampleYear01_z4H8a5dsIm96" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_48A_eoef--ExpenseExampleYear03_zq67ukN2A5B6" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_48E_eoef--ExpenseExampleYear05_zAklcc3zjtdb" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_489_eoef--ExpenseExampleYear10_ziOJ33ZjpUlj" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_41A_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250877Member_zQ2MJVEPvnS" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$499</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$739</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,030</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,855</td> </tr> <tr id="xdx_41D_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250878Member_z8vq8Uov5zej" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$83</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$293</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$555</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,306</td> </tr> <tr id="xdx_413_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250876Member_z4AUigtgF6ol" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$83</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$284</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$528</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,228</td> </tr> <tr id="xdx_41E_20261002__20261002__dei--LegalEntityAxis__custom--S000110014Member__oef--ClassAxis__custom--C000281240Member_zdN1vSXDavxl" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$284</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$603</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,081</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,401</td> </tr> </table> 499 739 1030 1855 83 293 555 1306 83 284 528 1228 284 603 1081 2401 You would pay the following expenses if you did not redeem your shares: <div id="xdx_A8D_eoef--ExpenseExampleNoRedemptionTableTextBlock_zcsgH6RONvvh"></div> <table cellpadding="3" cellspacing="0" id="xdx_A54_dU_zvngAt9YsRp6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example, No Redemption"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear01_zzqwNSEgrDLf" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_486_eoef--ExpenseExampleNoRedemptionYear03_zs3Iloefd7D1" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_48D_eoef--ExpenseExampleNoRedemptionYear05_zYLDkTpZU8Jb" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_484_eoef--ExpenseExampleNoRedemptionYear10_zAJmFghn6Pdf" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_41A_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250877Member_zfEm2wBmKwoc" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$499</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$739</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,030</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,855</td> </tr> <tr id="xdx_41D_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250878Member_z2pfX4Prs6U" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$83</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$293</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$555</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,306</td> </tr> <tr id="xdx_413_20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member__oef--ClassAxis__custom--C000250876Member_zovRnGUNOMkh" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$83</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$284</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$528</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,228</td> </tr> <tr id="xdx_412_20261002__20261002__dei--LegalEntityAxis__custom--S000110014Member__oef--ClassAxis__custom--C000281240Member_zBSPCTNDNNe" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$184</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$603</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,081</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,401</td> </tr> </table> 499 739 1030 1855 83 293 555 1306 83 284 528 1228 184 603 1081 2401 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal period ended September 30, 2025, the Fund’s portfolio turnover rate was 21% of the average value of its portfolio. 0.21 PRINCIPAL INVESTMENT STRATEGIES <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEludmVzdG1lbnQgU3RyYXRlZ3kA" id="xdx_903_efnd--NmRule35d1EightyPctInvstmntPlcyTextBlock_c20261002__20261002__dei--LegalEntityAxis__custom--S000085574Member_zfK6sAhlu8Oi">The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Such securities may be rated at any level by nationally recognized statistical rating organizations, or they may be unrated. The Fund’s portfolio will typically include a high proportion, up to 100%, of high-yield/high-risk securities rated below investment grade. Such securities are sometimes called “junk bonds.” Junk bonds are considered speculative investments. The bonds the Fund purchases can be of any maturity, but the average effective weighted maturity of the Fund’s portfolio will normally be within one year of the average maturity of the Bloomberg US Corporate High Yield Total Return Index Value Unhedged. The average maturity of the Index as of December 31, 2025 was 4.76 years. Maturity is the length of time during which the owner of the bond will receive interest payments on the investment. The Advisor may vary the composition of the Fund’s portfolio to adjust the weighted-average effective maturity, duration, yield curve positioning and overall credit quality rating of the portfolio to reflect its analysis of interest rate trends. Thus, the Advisor may attempt to shorten the Fund’s weighted-average effective maturity and duration when the Advisor expects interest rates to rise and to lengthen it when it expects interest rates to fall. In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the Advisor applies a “bottom up” approach in choosing investments. The Advisor considers the individual characteristics of each potential investment in an income-producing security to determine if it is an attractive investment opportunity and consistent with the Fund’s investment policies. The Advisor also employs a relative value analysis (analysis based upon valuations of investments with similar ratings and duration) and fundamental credit research (examining published financial results for improving balance sheets, improving cash flow or interest coverage, improving and/or unexpected earnings growth and management quality) on potential investments in an effort to identify companies with attractive characteristics and/or strong business models (the Advisor believes strong business models include such things as brand awareness, intellectual property, market position, or having resources others do not). The Advisor will consider selling a position if: (1) a position becomes a disproportionately large portion of the Fund’s portfolio (more than about 5%); (2) using the same relative value analysis described above, the Advisor believes it is overpriced; (3) company becomes less attractive using the same relative value analysis described above due to weakening projections for the company’s future performance; or (4) external factors such as market shifts or regulatory changes make the security no longer attractive using the same relative value analysis described above. The Advisor’s buy and sell decisions typically result in a portfolio turnover rate of 30% to 50% under normal circumstances and a portfolio of 50 to 80 positions. Within the parameters of the Fund’s specific investment policies, the Fund may invest without limit in foreign debt, including debt of emerging markets issuers. The Fund may also invest in subordinated securities and may hold cash or other short-term investments. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. The loss of your money is a principal risk of investing in the Fund. Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund’s net asset value per shares (“NAV”), trading price, yield, total return, and ability to meet its investment objectives. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Generally, the Fund will be subject to the following principal risks: The loss of your money is a principal risk of investing in the Fund. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Market Risk. The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling. Interest Rate Risk. The market prices of the Fund’s fixed income securities may fluctuate significantly when interest rates change. The value of your investment will generally go down when interest rates rise. A rise in rates tends to have a greater impact on the prices of longer term or longer duration securities. In recent years, interest rates and credit spreads in the U.S. have been at historic lows. The U.S. Federal Reserve has raised certain interest rates, and interest rates may continue to go up. A general rise in interest rates could adversely affect the price and liquidity of fixed income securities and could also result in increased redemptions from the Fund. The maturity of a security may be significantly longer than its effective duration. A security’s maturity and other features may be more relevant than its effective duration in determining the security’s sensitivity to other factors such as changes in credit quality or in the yield premium that the market may establish for certain types of securities (sometimes called “credit spread”). In general, the longer its maturity the more a security may be susceptible to these factors. When the credit spread for a fixed income security goes up, or “widens,” the value of the security will generally go down. Credit Risk. If an issuer or obligor of a security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded, or is perceived to be less creditworthy, or if the value of the assets underlying a security declines, the value of your investment will typically decline. Changes in actual or perceived creditworthiness may occur quickly. The Fund could be delayed or hindered in its enforcement of rights against an issuer, guarantor or counterparty. Securities in the lowest category of investment grade (i.e., BBB/Baa) may be considered to have speculative characteristics. Junk Bonds Risk. Junk bonds are considered speculative, have a higher risk of default, tend to be less liquid and are more difficult to value than higher grade securities. Junk bonds tend to be volatile and more susceptible to adverse events and negative sentiments. <p id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--SubordinatedSecuritiesRiskMember_z8NSidjyZUC2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Subordinated Securities Risk. Subordinated securities are more likely to suffer a credit loss than non-subordinated securities of the same issuer and will be disproportionately affected by a default, downgrade or perceived decline in creditworthiness. Foreign Securities Risk. Foreign securities are subject to a number of additional risks, including nationalization or expropriation of assets, imposition of currency controls or restrictions, confiscatory taxation, political or financial instability, military conflicts and sanctions, terrorism, arbitrary application of laws and regulations or lack of rule of law, and other adverse economic or political developments. Lack of information and less market regulation may also affect the value of these securities. Risks are greater for investments in emerging markets. The value of investments in securities denominated in foreign currencies increases or decreases as the rates of exchange between those currencies and the U.S. dollar change. Currency exchange rates can be volatile, and are affected by factors such as general economic conditions, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls and speculation. Sanctions or other government actions against certain countries could negatively impact the Fund’s investments in securities that have exposure to those countries. Circumstances that impact one country could have profound impacts on other countries and on global economies or markets. <p id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketSecuritiesRiskMember_zZ20CONAxA02" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Emerging Market Securities Risk. Emerging market countries tend to have economic, political and legal systems that are less fully developed and are less stable than those of more advanced countries. Low trading volumes may result in a lack of liquidity and in extreme price volatility. Prepayment or Call Risk. Many issuers have a right to prepay their securities. If interest rates fall, an issuer may exercise this right. If this happens, the Fund will not benefit from the rise in market price that normally accompanies a decline in interest rates, and will be forced to reinvest prepayment proceeds at a time when yields on securities available in the market are lower than the yield on prepaid securities. The Fund may also lose any premium it paid on prepaid securities. Extension Risk. During periods of rising interest rates, repayments of fixed income securities may occur more slowly than anticipated by the market. This may drive the prices of these securities down even more because their interest rates are lower than the current interest rate and they remain outstanding longer. <p id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--PortfolioSelectionRiskMember_zkwtW01eMJo7" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Portfolio Selection Risk. The value of your investment may decrease if the Advisor’s judgment about the quality, relative yield, value or market trends affecting a particular market segment, security, industry, sector or region, or about interest rates or other market factors, is incorrect, or there may be imperfections, errors or limitations in the models, tools and information used by the Advisor. Redemption Risk. The Fund may experience heavy redemptions that could cause the Fund to liquidate its assets at inopportune times or at a loss or depressed value or accelerate taxable gains or transaction costs, which could cause the value of your investment to decline. Market Disruptions Risk. The Fund may incur major losses in the event of market disruptions and other extraordinary events in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility and risk. <p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_zN95gz8GKrtb" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Changes in Trade Negotiations Risk. In recent years, the U.S. government has indicated its intent to alter its approach to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such impacted jurisdictions. <p id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_zd7JtG9mekVh" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Highly Volatile Markets Risk. The prices of instruments in which the Fund may invest are influenced by numerous factors, including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global). Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest. In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets. <p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_zIHhYNFdkIDe" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">U.S. Debt Ceiling and Budget Deficit Risks. U.S. debt ceiling and budget deficit concerns have increased the possibility of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have a material adverse effect on the Fund’s business, financial condition and results of operations. Cybersecurity Risk. Cybersecurity failures by and breaches of the Fund’s Manager, Transfer Agent, Custodian, Distributor or other service providers may disrupt Fund operations, interfere with the Fund’s ability to calculate its NAV, prevent Fund shareholders from purchasing, redeeming or exchanging shares or receiving distributions or receiving timely information regarding the Fund or their investment in the Fund, cause loss of or unauthorized access to private shareholder information, or result in financial losses to the Fund and its shareholders, regulatory fines, penalties, reputational damage, or additional compliance costs. Substantial costs may be incurred in order to prevent any cyber incidents in the future. The Fund and its shareholders could be negatively impacted as a result. PERFORMANCE INFORMATION The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class (formerly, Class Y) performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund acquired all of the assets and liabilities of the Aquila High Income Fund, a series of the Aquila Funds Trust (the “Predecessor Fund”) in a tax-free reorganization on November 22, 2024 (the “Reorganization”). In connection with the Predecessor Fund acquisition, (i) the Predecessor Fund’s Class A shares, Class C shares, and Class I shares were exchanged for Class A shares of the Fund; (ii) the Predecessor Fund’s Class Y shares were exchanged for Institutional Class shares of the Fund; and (iii) the Class F shares are no longer offered. The Predecessor Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and were managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The performance information set forth below reflects the historical performance of the Predecessor Fund. Although Class A shares and Class C shares have similar annual returns to Institutional Class shares because the classes are invested in the same portfolio of securities, the returns for Class A shares and Class C shares are lower than Institutional Class shares because Class A and Class C shares have higher expenses than Institutional Class shares. Performance information for the periods presented below includes performance of the Fund’s prior investment advisor. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at https://highincomefund.cantorassetmanagement.com. You may obtain the Fund’s most recently available month-end performance by calling 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) or by visiting the Fund’s website at https://highincomefund.cantorassetmanagement.com. As of the date of this prospectus, the Class C shares had not yet commenced operations, so no performance information is shown for Class C shares. The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class (formerly, Class Y) performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. https://highincomefund.cantorassetmanagement.com 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) Calendar year-by-year total return (Institutional Class) <img alt="" src="image_008.gif"/> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_zazDEDwydA65" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">Years</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2016</td> <td id="xdx_98B_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000250878Member_z06jYCkmmSMi" style="display: none; width: 50%">5.55%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2017</td> <td id="xdx_983_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000250878Member_zBySsaqhh7Th" style="display: none">5.51%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2018</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000250878Member_zvk8mKwYqh01" style="display: none">-1.08%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2019</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000250878Member_zQwHbuHPiz8k" style="display: none">7.37%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2020</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000250878Member_zRmTmagv5gDh" style="display: none">7.82%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2021</td> <td id="xdx_984_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000250878Member_z5uJKSkBKrJh" style="display: none">3.77%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2022</td> <td id="xdx_985_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000250878Member_zF5G4sb60ja7" style="display: none">-5.30%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2023</td> <td id="xdx_987_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000250878Member_zyqr5Um9YmJ" style="display: none">9.29%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2024</td> <td id="xdx_988_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000250878Member_zxEI9R7LS6N9" style="display: none">5.97%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2025</td> <td id="xdx_980_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000250878Member_zhkVPi0vYUd7" style="display: none">7.08%</td></tr> </table> 0.0555 0.0551 -0.0108 0.0737 0.0782 0.0377 -0.0530 0.0929 0.0597 0.0708 During the periods illustrated in this bar chart, the Institutional Class’s highest quarterly return was 5.02% for the quarter ended December 31, 2023, and its lowest quarterly return was (7.02)% for the quarter ended June 30, 2022. the Institutional Class’s highest quarterly return 0.0502 2023-12-31 its lowest quarterly return -0.0702 2022-06-30 Average annual total returns for periods ended December 31, 2025 <div id="xdx_A8E_eoef--PerformanceTableTextBlock_zVbK1LOMXzX4"></div> <table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zXVURblMKmig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_495_20250101__20251231_z51mBdYXuTN2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1 year</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_491_20210101__20251231_zz2zY5LNWhC3" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">5 years</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_495_20160101__20251231_zPCSrgvjQrt9" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">10 years</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250878Member_zMJvwGU1ulof" style="vertical-align: bottom"> <td style="width: 58%; text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return before taxes</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">7.08%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">4.04%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">4.51%</td></tr> <tr id="xdx_406_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250878Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zdHZ91hNdTE7" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return after taxes on distributions</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">4.65%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">1.96%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.58%</td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250878Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zGYFDRw6CJ2l" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return after taxes on distributions and sale of Fund shares</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">4.14%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.16%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.60%</td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250877Member_zGzpgB6aCFnb" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Class A shares return before taxes</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.60%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.97%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">3.86%</td></tr> <tr id="xdx_40E_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250877Member__oef--PerformanceMeasureAxis__custom--BloombergUSAggregateBondIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zHDyco9lLfq2" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)*</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">7.30%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">-0.36%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">2.01%</td></tr> <tr id="xdx_406_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250877Member__oef--PerformanceMeasureAxis__custom--BloombergUSCorporateHighYieldTotalReturnIndexValueUnhedgedReflectsNoDeductionForFeesExpensesOrTaxesMember_zQvbLohImTH" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Bloomberg US Corporate High Yield Total Return Index Value Unhedged (reflects no deduction for fees, expenses, or taxes)*</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">8.62%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">4.51%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">6.53%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">*</td> <td style="text-align: justify">Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). The primary index was changed from Bloomberg US Corporate High Yield Total Return Index Value Unhedged to the Bloomberg U.S. Aggregate Bond Index because the latter is a broader-based market index. The Bloomberg US Corporate High Yield Total Return Index Value Unhedged is now used as a secondary benchmark, because the Advisor believes it represents the portion of the market in which the Fund invests.</td> </tr> </table> return before taxes 0.0708 0.0404 0.0451 0.0465 0.0196 0.0258 0.0414 0.0216 0.0260 return before taxes 0.0260 0.0297 0.0386 reflects no deduction for fees, expenses, or taxes 0.0730 -0.0036 0.0201 reflects no deduction for fees, expenses, or taxes 0.0862 0.0451 0.0653 After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. Cantor Fitzgerald Equity Opportunity Fund SUMMARY INVESTMENT OBJECTIVE The Cantor Fitzgerald Equity Opportunity Fund (the “Fund”) seeks capital appreciation. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and is included in the section of the Fund’s prospectus entitled How to Reduce Your Sales Charge on page 47 and in the sections of the Fund’s Statement of Additional Information entitled Purchasing Shares on page 49. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. 50000 <div id="xdx_A80_eoef--ShareholderFeesTableTextBlock_zMyqn19YrNUb"></div> <table cellpadding="3" cellspacing="0" id="xdx_A58_dU_zBGT4JbnSt06" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; padding-top: 0pt; text-align: left; vertical-align: bottom; width: 32%">Shareholder Fees</td> <td id="xdx_494_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250874Member_zhuG7q2H2ijh" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_49D_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250873Member_zKB2mfI5Smg9" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_499_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250875Member_zAH84bgUjc85" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> <td id="xdx_490_20261002__20261002__dei--LegalEntityAxis__custom--S000110013Member__oef--ClassAxis__custom--C000281239Member_zIsa2IKbzb47" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; width: 12%; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: left; vertical-align: bottom">(fees paid directly from your investment)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; vertical-align: bottom; text-align: center"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; background-color: #000000"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center">Class C</td> </tr> <tr id="xdx_40D_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zMZqqRJWzvb8" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">5.75%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> <tr id="xdx_402_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_z0z5hoEuaSki" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Maximum Deferred Sales Charge (Load) (as a % of the lesser of amount purchased or redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">1.00%1</td> </tr> <tr id="xdx_40C_eoef--RedemptionFeeOverRedemption_dpn_zf9qUUGWpvQa" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> Redemption Fee (as a % of amount redeemed)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">None</td> </tr> </table> 0.0575 0 0 0 0 0 0 0.0100 0 0 0 0 <div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zkCjlGF9jOig"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5F_dU_zZtfSlLTIKC2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_494_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250874Member_z9v2QpOv7577" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_49D_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250873Member_zZd6K2hwt8T8" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_499_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250875Member_zCNUUwUpVTF5" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td> <td id="xdx_491_20261002__20261002__dei--LegalEntityAxis__custom--S000110013Member__oef--ClassAxis__custom--C000281239Member_zwaoXtNJqkXd" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: Black; vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Class C</td></tr> <tr id="xdx_405_eoef--ManagementFeesOverAssets_dpn_zyj7I3nHRaIb" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; width: 52%; text-align: left; padding-bottom: 1pt">Management Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.80%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.80%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.80%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; width: 12%; text-align: center">0.80%</td></tr> <tr id="xdx_40B_eoef--DistributionAndService12b1FeesOverAssets_dpn_zAHwwArRGQfk" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Distribution and/or Service (12b-1) Fees</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.25%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">None</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1.00%</td></tr> <tr id="xdx_409_eoef--OtherExpensesOverAssets_dpn_zMoM6oZLEky8" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; padding-bottom: 1pt">Other Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.37%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.37%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.32%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">0.37%</td></tr> <tr id="xdx_404_eoef--ExpensesOverAssets_dpn_zF3McVh0E047" style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Annual Fund Operating Expenses</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.42%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.17%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">1.12%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2.17%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">1.</td> <td style="text-align: justify">Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase.</td> </tr> </table> 0.0080 0.0080 0.0080 0.0080 0.0025 0 0 0.0100 0.0037 0.0037 0.0032 0.0037 0.0142 0.0117 0.0112 0.0217 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem (or you hold) all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A81_eoef--ExpenseExampleWithRedemptionTableTextBlock_zPHzxRt7ggfa"></div> <table cellpadding="3" cellspacing="0" id="xdx_A5F_dU_zboSjnllytJc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_483_eoef--ExpenseExampleYear01_zku5g1zJBhy8" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_488_eoef--ExpenseExampleYear03_z3f2SfsMSW6l" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_485_eoef--ExpenseExampleYear05_zN6XDKdQRax7" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_48B_eoef--ExpenseExampleYear10_zT6nT79gt7K" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250874Member_zqaUsPpl2cNf" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$711</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$998</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,307</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,179</td> </tr> <tr id="xdx_41A_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250873Member_ztS8rLgFLUN1" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$119</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$372</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$644</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,420</td> </tr> <tr id="xdx_41D_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250875Member_zEevgpAGBHZ" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$114</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$356</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$617</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,363</td> </tr> <tr id="xdx_411_20261002__20261002__dei--LegalEntityAxis__custom--S000110013Member__oef--ClassAxis__custom--C000281239Member_zcp0q2NPbwa3" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$320</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$679</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,164</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,503</td> </tr> </table> 711 998 1307 2179 119 372 644 1420 114 356 617 1363 320 679 1164 2503 You would pay the following expenses if you did not redeem your shares: <div id="xdx_A8E_eoef--ExpenseExampleNoRedemptionTableTextBlock_zdWrlEv8Fbz3"></div> <table cellpadding="3" cellspacing="0" id="xdx_A56_dU_zodF3XxFiQv1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Expense Example, No Redemption"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">Class</td> <td id="xdx_486_eoef--ExpenseExampleNoRedemptionYear01_zYVplc2SLdLi" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">1 Year</td> <td id="xdx_48A_eoef--ExpenseExampleNoRedemptionYear03_zMtEHwcfCAek" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">3 Years</td> <td id="xdx_483_eoef--ExpenseExampleNoRedemptionYear05_zrW2ryP2zqEc" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">5 Years</td> <td id="xdx_48C_eoef--ExpenseExampleNoRedemptionYear10_zAQpKWT3OtWi" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #000000; text-align: center; width: 20%">10 Years</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250874Member_zfmblMjeBPcd" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class A</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$711</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$998</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,307</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,179</td> </tr> <tr id="xdx_41A_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250873Member_zZyHCa2BJgM1" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Institutional Class</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$119</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$372</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$644</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,420</td> </tr> <tr id="xdx_41D_20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member__oef--ClassAxis__custom--C000250875Member_zCCNKXJfCFA7" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class R6</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$114</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$356</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$617</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,363</td> </tr> <tr id="xdx_410_20261002__20261002__dei--LegalEntityAxis__custom--S000110013Member__oef--ClassAxis__custom--C000281239Member_zPxXOBjqd076" style="font: 10pt Times New Roman, Times, Serif"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">Class C</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$220</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$679</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$1,164</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">$2,503</td> </tr> </table> 711 998 1307 2179 119 372 644 1420 114 356 617 1363 220 679 1164 2503 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal period ended September 30, 2025, the Fund’s portfolio turnover rate was 17% of the average value of its portfolio. 0.17 PRINCIPAL INVESTMENT STRATEGIES <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEludmVzdG1lbnQgU3RyYXRlZ3kA" id="xdx_900_efnd--NmRule35d1EightyPctInvstmntPlcyTextBlock_c20261002__20261002__dei--LegalEntityAxis__custom--S000085573Member_zIxzEKzbsw04">The Fund invests primarily in equity securities of U.S. issuers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities. In addition to common stocks, exchange traded funds that invest primarily in equity securities, warrants, convertible bonds and preferred stock are considered equity securities for purposes of the Fund’s 80% policy. The Fund’s investment strategy focuses on factors specific to each investment, including: internal changes to the company or external changes in the company’s environment that drive improving balance sheet, cash flow, or earnings growth; hidden or unappreciated value (unexpected earnings growth potential where the Advisor believes the company can report results ahead of the consensus of analysts’ expectations); management quality; and a strong business model (in the Advisor’s opinion, solid earnings quality indicating sustainability to the company’s growth). The Fund invests in equity securities that can be characterized as “growth” (companies with an above average earnings growth rate) or “value” (companies with a below average price-to-earnings ratio), as both kinds of companies may have characteristics that make the investment attractive. The Fund invests in a range of stock market capitalizations that could include small-cap, mid-cap, and large cap and expects to hold between 35 and 60 positions. Companies favored in the research process are those viewed to be fiscally responsible and demonstrating management alignment with shareholder value, qualities that have the potential to deliver benefits to investors. Fiscally responsible companies typically exhibit solid operating cash flow generation relative to reported net income, lower than average debt-to-capital ratio, and an ability to generate high return on assets. Company managements that demonstrate alignment with shareholder interests will typically redeploy cash when an investment will improve overall returns, or otherwise return capital to shareholders in the form of dividends. The Fund can invest in securities of any market capitalization, but the investment process typically finds more opportunities in smaller companies. Thus, the Fund will have a majority of holdings in the small- and mid-capitalization space of the market. The Fund may invest up to 15% of its net assets in foreign securities. The Fund may also hold cash or other short-term investments. The Fund invests primarily in equity securities of U.S. issuers. The Fund invests, under normal circumstances, at least 80% of its net assets in equity securities. In addition to common stocks, exchange traded funds that invest primarily in equity securities, warrants, convertible bonds and preferred stock are considered equity securities for purposes of the Fund’s 80% policy. The Fund may invest up to 15% of its net assets in foreign securities. The loss of your money is a principal risk of investing in the Fund. Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund’s net asset value per shares (“NAV”), trading price, yield, total return, and ability to meet its investment objectives. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Generally, the Fund will be subject to the following principal risks: The loss of your money is a principal risk of investing in the Fund. An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation or any other government agency. Market Risk. The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling. Equity Securities Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks tend to move in cycles and may decline in tandem with a drop in the overall value of the markets based on negative developments in the U.S. or global economies. Stocks and other equity securities are subject to inherent market risks and fluctuations in value due to earnings and other developments affecting a particular company or industry, stock market trends and general economic conditions, investor perceptions, interest rate changes and other factors beyond the control of the Advisor. The price of a company’s stock may decline if the company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence. Economies and financial markets throughout the world have become interconnected which increases the possibility that economic, financial, or political events in one country, sector or region could have potentially adverse effects on global economies or markets. Russia’s military invasion of Ukraine, the responses and sanctions by other countries, and the potential for wider conflicts, could continue to have adverse effects on regional and global economies and may further strain global supply chains and negatively affect global growth and inflation. Policy changes by the U.S. government and/or Federal Reserve and political events with the U.S. and abroad, such as changes in the U.S. presidential administration and Congress, may affect investor and consumer confidence, and adversely impact the financial markets. Foreign Securities Risk. Foreign securities are subject to a number of additional risks, including nationalization or expropriation of assets, imposition of currency controls or restrictions, confiscatory taxation, political or financial instability, military conflicts and sanctions, terrorism, arbitrary application of laws and regulations or lack of rule of law, and other adverse economic or political developments. Lack of information and less market regulation may also affect the value of these securities. Risks are greater for investments in emerging markets. The value of investments in securities denominated in foreign currencies increases or decreases as the rates of exchange between those currencies and the U.S. dollar change. Currency exchange rates can be volatile, and are affected by factors such as general economic conditions, the actions of the U.S. and foreign governments or central banks, the imposition of currency controls and speculation. Sanctions or other government actions against certain countries could negatively impact the Fund’s investments in securities that have exposure to those countries. Circumstances that impact one country could have profound impacts on other countries and on global economies or markets. <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketSecuritiesRiskMember_zhQopxBttiFe" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Emerging Market Securities Risk. Emerging market countries tend to have economic, political and legal systems that are less fully developed and are less stable than those of more advanced countries. Low trading volumes may result in a lack of liquidity and in extreme price volatility. <p id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallAndMidCapCompaniesRiskMember_z3thrOv3qQo4" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Small and Mid Cap Companies Risk. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. Portfolio Turnover Risk. If the Fund does a lot of trading, it may incur additional operating expenses and other costs, which would reduce performance. Trading activity could also cause shareholders to incur a higher level of taxable income or capital gains. <p id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--PortfolioSelectionRiskMember_z0jXXJxntBX4" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Portfolio Selection Risk. The value of your investment may decrease if the Advisor’s judgment about the attractiveness, quality, relative yield, value or market trends affecting a particular market segment, security, industry, sector or region, or about market movements or interest rates or other factors, is incorrect, or there may be imperfections, errors or limitations in the models, tools and information used by the Advisor. Redemption Risk. The Fund may experience heavy redemptions that could cause the Fund to liquidate its assets at inopportune times or at a loss or depressed value or accelerate taxable gains or transaction costs, which could cause the value of your investment to decline. Market Disruptions Risk. The Fund may incur major losses in the event of market disruptions and other extraordinary events in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility and risk. <p id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_zkRw6MQUNAh6" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Changes in Trade Negotiations Risk. In recent years, the U.S. government has indicated its intent to alter its approach to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such impacted jurisdictions. <p id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_zlBprm2JBGM1" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Highly Volatile Markets Risk. The prices of instruments in which the Fund may invest are influenced by numerous factors, including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global). Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest. In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets. <p id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_zkwH19BZW0u7" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">U.S. Debt Ceiling and Budget Deficit Risks. U.S. debt ceiling and budget deficit concerns have increased the possibility of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have a material adverse effect on the Fund’s business, financial condition and results of operations. Cybersecurity Risk. Cybersecurity failures by and breaches of the Fund’s Manager, Transfer Agent, Custodian, Distributor or other service providers may disrupt Fund operations, interfere with the Fund’s ability to calculate its NAV, prevent Fund shareholders from purchasing, redeeming or exchanging shares or receiving distributions or receiving timely information regarding the Fund or their investment in the Fund, cause loss of or unauthorized access to private shareholder information, or result in financial losses to the Fund and its shareholders, regulatory fines, penalties, reputational damage, or additional compliance costs. Substantial costs may be incurred in order to prevent any cyber incidents in the future. The Fund and its shareholders could be negatively impacted as a result. PERFORMANCE INFORMATION The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Aquila Opportunity Growth Fund, a series of Aquila Funds Trust (the “Second Predecessor Fund”) acquired the assets and liabilities of Aquila Three Peaks Equity Opportunity Fund (the “First Predecessor Fund”) on October 11, 2013. The Fund acquired all of the assets and liabilities of the Second Predecessor Fund (together with the First Predecessor Fund, the “Predecessor Funds”) in a tax-free reorganization on November 22, 2024 (the “Reorganization”). In connection with the Predecessor Fund acquisition, (i) the Predecessor Fund’s Class A shares, Class C shares, and Class I shares were exchanged for Class A shares of the Fund; (ii) the Predecessor Fund’s Class Y shares were exchanged for Institutional Class shares of the Fund; and (iii) the Class F shares are no longer offered. The Predecessor Funds had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and were managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The performance information set forth below reflects the historical performance of the Predecessor Funds. Although Class A shares and Class C shares have similar annual returns to Institutional Class shares because the classes are invested in the same portfolio of securities, the returns for Class A shares and Class C shares are lower than Institutional Class shares because Class A and Class C shares have higher expenses than Institutional Class shares. Performance information for the periods presented below includes performance of the Fund’s prior investment Advisor. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at https://equityopportunityfund.cantorassetmanagement.com. You may obtain the Fund’s most recently available month-end performance by calling 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) or by visiting the Fund’s website at https://equityopportunityfund.cantorassetmanagement.com. As of the date of this prospectus, the Class C shares had not yet commenced operations, so no performance information is shown for Class C shares. The following bar chart and tables provide an indication of the risks of investing in the Fund by showing changes in the Fund’s Institutional Class performance from year to year and by showing how the average annual total returns for each class compared to that of a broad-based securities market index. The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. https://equityopportunityfund.cantorassetmanagement.com 1-833-764-2266 or 1-855-9-CANTOR (1-855-922-6867) Calendar year-by-year total return (Institutional Class) <img alt="" src="pro_005.jpg" style="height: 277px; width: 550px"/> <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A59_dU_zkU2Dl6khoub" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">Years</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2016</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000250873Member_zPcpytuvmDwe" style="display: none; width: 50%">6.16%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2017</td> <td id="xdx_986_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000250873Member_zhgbMmDbYpSi" style="display: none">16.71%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2018</td> <td id="xdx_982_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000250873Member_zZfetjF11qwc" style="display: none">-11.09%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2019</td> <td id="xdx_98D_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000250873Member_zeqRRWYnAoa4" style="display: none">35.90%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2020</td> <td id="xdx_986_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000250873Member_zGYO48It4mja" style="display: none">7.71%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2021</td> <td id="xdx_982_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000250873Member_zCmNLjCm3Phb" style="display: none">21.88%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2022</td> <td id="xdx_982_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000250873Member_z4yLIlHomT2d" style="display: none">-14.98%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2023</td> <td id="xdx_98A_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000250873Member_z6XcLySprVZ8" style="display: none">12.67%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2024</td> <td id="xdx_98E_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000250873Member_zQyykuYk7Mu1" style="display: none">9.36%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2025</td> <td id="xdx_988_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000250873Member_z8IVOBPMiiUe" style="display: none">16.44%</td></tr> </table> 0.0616 0.1671 -0.1109 0.3590 0.0771 0.2188 -0.1498 0.1267 0.0936 0.1644 During the periods illustrated in this bar chart, the Institutional Class’s highest quarterly return was 16.53% for the quarter ended December 31, 2020, and its lowest quarterly return was (25.22)% for the quarter ended March 31, 2020. the Institutional Class’s highest quarterly return 0.1653 2020-12-31 its lowest quarterly return -0.2522 2020-03-31 Average annual total returns for periods ended December 31, 2025 <div id="xdx_A81_eoef--PerformanceTableTextBlock_zBrwjjBNyu3i"></div> <table cellpadding="0" cellspacing="0" id="xdx_A55_dU_zMEKcw4ALsK" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_497_20250101__20251231_zC0ET37o6w4g" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">1 year</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_498_20210101__20251231_zfiGfo1Wlsl" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">5 years</td> <td style="padding-bottom: 1pt"> </td> <td id="xdx_493_20160101__20251231_z3CEvlsU1U8d" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">10 years</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250873Member_zKVpt9n0ZCN9" style="vertical-align: bottom"> <td style="width: 58%; text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return before taxes</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">16.44%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">8.26%</td> <td style="width: 2%; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; width: 12%; text-align: center">9.14%</td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250873Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zQ6ysXbXtpP4" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return after taxes on distributions</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">15.17%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">5.06%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">6.72%</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250873Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zk9mpHChUvdd" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Institutional Class return after taxes on distributions and sale of Fund shares</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">10.68%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">5.81%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">6.80%</td></tr> <tr id="xdx_40E_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250874Member_z83OA6unNU9j" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Class A shares return before taxes</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">11.19%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">7.01%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">8.34%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250874Member__oef--PerformanceMeasureAxis__custom--SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zzXWbbGU0v9f" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">S&P 500 Index (reflects no deduction for fees, expenses, or taxes)*</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">17.88%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">14.42%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">14.82%</td></tr> <tr id="xdx_402_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000250874Member__oef--PerformanceMeasureAxis__custom--MSCIUSAMidCapIndexValueUnhedgedReflectsNoDeductionForFeesExpensesOrTaxesMember_zcBVrja92Uzg" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">MSCI USA Mid Cap Index (reflects no deduction for fees, expenses or taxes)</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">8.14%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">11.86%</td> <td style="padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center">11.03%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">*</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Standard & Poor’s 500® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global. All rights reserved. The MSCI USA Mid Cap Index is used as a secondary benchmark because the Advisor believes it represents the portion of the market in which the Fund invests.</td> </tr> </table> return before taxes 0.1644 0.0826 0.0914 0.1517 0.0506 0.0672 0.1068 0.0581 0.0680 return before taxes 0.1119 0.0701 0.0834 reflects no deduction for fees, expenses, or taxes 0.1788 0.1442 0.1482 0.0814 0.1186 0.1103 The MSCI USA Mid Cap Index is used as a secondary benchmark because the Advisor believes it represents the portion of the market in which the Fund invests. After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. After-tax performance is presented only for Institutional Class shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase. The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.24%, 0.99%, 0.92%, and 1.99% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, and Class C shares, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment. Class A commenced on July 31, 2023. Standard & Poor’s 500® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global. All rights reserved. The primary index was changed from Russell 1000 Value Index to the S&P 500 Index because the latter is a broader-based market index. The Russell 1000 Value Index is now used as a secondary benchmark, because the Advisor believes it represents the portion of the market in which the Fund invests. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase. The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.17%, 0.86%, 0.65%, and 1.86% of the average daily net assets of the Class A shares, Institutional Class shares, Class R6 shares, and Class C shares of the Fund, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment. Restated to reflect current contractual expense cap. Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase. The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.24%, 0.99%, 0.90%, 0.79%, and 1.99% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, Class F shares, and Class C shares, respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved without causing the expense ratio of the share class (after the recoupment is taken into account) to exceed (i) the expense limit in effect at the time the fees were waived or expenses paid, or (ii) the expense limit in place at the time of the recoupment. Class A commenced on December 15, 2023. Restated to reflect current contractual expense caps. Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase. The Fund’s investment advisor, Cantor Fitzgerald Investment Advisors, L.P. (the “Advisor”), has entered into an Expense Limitation Agreement with the Trust, pursuant to which the Advisor has agreed to waive or reduce its management fees and to assume other expenses of a Fund in an amount that limits the Total Annual Operating Expenses of the Fund (exclusive of (i) brokerage fees and commissions; (ii) acquired fund fees and expenses; (iii) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including, for example, option and swap fees and expenses); (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes and (vi) 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 Advisor) but inclusive of organizational costs and offering costs) to not more than 1.00%, 0.80%, 0.80%, and 1.80% of the Fund’s average daily net assets for Class A shares, Institutional Class shares, Class R6 shares, and Class C shares respectively, until January 31, 2028. The Advisor may recoup investment advisory fees that it waived or Fund expenses that it paid under this agreement for a period of three years from the date the fees were waived or expenses paid, if the recoupment can be achieved Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). The primary index was changed from Bloomberg US Corporate High Yield Total Return Index Value Unhedged to the Bloomberg U.S. Aggregate Bond Index because the latter is a broader-based market index. The Bloomberg US Corporate High Yield Total Return Index Value Unhedged is now used as a secondary benchmark, because the Advisor believes it represents the portion of the market in which the Fund invests. Class C shareholders may be subject to a contingent deferred sales charge on shares repurchased during the first 365 days after their purchase. Standard & Poor’s 500® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global. All rights reserved. The MSCI USA Mid Cap Index is used as a secondary benchmark because the Advisor believes it represents the portion of the market in which the Fund invests.