Litman Gregory Funds Trust

10/01/2024 | Press release | Distributed by Public on 10/01/2024 14:18

Prospectus by Investment Company - Form 497

497

LITMAN GREGORY FUNDS TRUST

(the "Trust")

iMGP Berkshire Dividend Growth ETF (the "Fund")

Supplement dated October 1, 2024 to the Summary Prospectus, Prospectus and Statement of Additional Information ("SAI") of the Litman Gregory Funds Trust dated April 29, 2024 as revised and supplemented

Effective immediately, Jack Chee and Kiko Vallarta no longer serve as Portfolio Managers of the Fund. Accordingly, all references to Mr. Chee and Mr. Vallarta as Portfolio Managers of the Fund are hereby deleted from the Summary Prospectus, Prospectus and SAI. iM Global Partner Fund Management, LLC, as the Fund's investment adviser, is still responsible for hiring and removing sub-advisors.

Kenneth Krogulski, Gerard Mihalick, and Michael Weaver will continue to serve as Portfolio Managers of the Fund. Mr. Chee and Mr. Vallarta will continue to serve as Assistant Secretaries of the Trust.

The following information replaces the table in the section entitled "Management" in the Summary Prospectus and the Prospectus:

Management

SUB-ADVISOR PORTFOLIO MANAGER

MANAGED
THE

FUND SINCE:

Berkshire Asset Management LLC

Kenneth Krogulski, CFA

Since inception

(June 2023)

Gerard Mihalick, CFA

Since inception

(June 2023)

Michael Weaver, CFA

Since inception

(June 2023)

Please keep this Supplement with your Prospectuses and Statements of Additional Information.

LITMAN GREGORY FUNDS TRUST

(the "Trust")

Polen Capital Global Growth ETF (the "Fund")

Supplement dated October 1, 2024 to the Summary Prospectus, Prospectus and Statement of Additional Information ("SAI") of the Litman Gregory Funds Trust dated April 29, 2024 as revised and supplemented

Effective immediately, Jack Chee and Kiko Vallarta no longer serve as Portfolio Managers of the Fund. Accordingly, all references to Mr. Chee and Mr. Vallarta as Portfolio Managers of the Fund are hereby deleted from the Summary Prospectus, Prospectus and SAI. iM Global Partner Fund Management, LLC, as the Fund's investment adviser, is still responsible for hiring and removing sub-advisors.

Damon Ficklin and Bryan Power will continue to serve as Portfolio Managers of the Fund. Mr. Chee and Mr. Vallarta will continue to serve as Assistant Secretaries of the Trust.

The following information replaces the table in the section entitled "Management" in the Summary Prospectus and the Prospectus:

Management

SUB-ADVISOR PORTFOLIO MANAGER

MANAGED
THE

FUND SINCE:

Polen Capital Management, LLC

Damon Ficklin, Head of Team, Portfolio

Manager and Analyst

Since inception

(August 2023)

Bryan Power, CFA, Director of Research,

Portfolio Manager and Analyst

Since inception

(August 2023)

Please keep this Supplement with your Prospectuses and Statements of Additional Information.