https://www.sec.gov/Archives/edgar/data/1141819/000089418919007365/crossingbridge497e.htm497 1 crossingbridge497e.htm CROSSINGBRIDGE 497E
Filed pursuant to Rule 497(e)
Registration Nos. 333-62298; 811-10401
Supplement dated November 1, 2019
to CrossingBridge Low Duration High Yield Fund Prospectus
dated January 28, 2019, as supplemented on May 7, 2019
Effective as of November 1, 2019, CrossingBridge Advisors, LLC (the “Adviser”), the investment adviser to the CrossingBridge Low Duration High Yield Fund (the “Fund”), has contractually agreed, pursuant to an operating expense limitation agreement between the Adviser and the Fund, to reduce the Fund’s operating expense limit by 0.10% so that Total Annual Fund Operating Expenses, excluding Distribution (12b-1) Fees, Other Expenses (such as Shareholder Servicing Plan Fees), and Acquired Fund Fees & Expenses, do not exceed 0.80% of the Fund’s average daily net assets through at least October 31, 2021. Institutional Class shares are subject to a Shareholder Servicing Plan Fee of 0.10% and Acquired Fund Fees and Expenses of the Fund’s average daily net assets, and are not subject to a Distribution (12b-1) Fee. Investor Class shares are subject to an annual Distribution (12b-1) Fee of 0.25%, a Shareholder Servicing Plan Fee of 0.10% and Acquired Fund Fees and Expenses of the Fund’s average daily net assets.
Accordingly, the following sections of the Prospectus are hereby deleted and replaced with the following:
