Total Fund Solution
10/03/2024 | Press release | Distributed by Public on 10/03/2024 14:29
Prospectus by Investment Company - Form 497
Cromwell Funds combined 497E 2024
Filed pursuant to Rule 497(e)
File Nos. 333-258648; 811-23724
CROMWELL CENTERSQUARE REAL ESTATE FUND
Investor Class (MRESX)
Institutional Class (MRASX)
CROMWELL LONG SHORT FUND
Investor Class (MFADX)
Institutional Class (MFLDX)
CROMWELL TRAN SUSTAINABLE FOCUS FUND
Investor Class (LIMAX)
Institutional Class (LIMIX)
CROMWELL FORESIGHT GLOBAL SUSTAINABLE INFRASTRUCTURE FUND
Investor Class (CFGVX)
Institutional Class (CFGIX)
CROMWELL GREENSPRING MID CAP FUND
Investor Class (GRNPX)
Institutional Class (GRSPX)
(together, the "Funds")
a series of Total Fund Solution Trust (the "Trust")
Supplement dated October 3, 2024, to the
Statement of Additional Information ("SAI") dated April 30, 2024
THIS SUPPLEMENT REPLACES AND SUPERCEDES ANY CONTRARY INFORMATION CONTAINED IN THE FUNDS' SAI.
The section titled "Management of the Funds - Trustee Compensation" on page 95 of the Statement of Additional Information, is deleted and replaced with the following:
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For the Funds' fiscal year ended December 31, 2023, the Trustees received the following compensation:
| Name of Person/Position |
Aggregate Compensation From the CenterSquare Fund(1)
|
Aggregate Compensation From the Marketfield Fund(1)
|
Aggregate Compensation From the Foresight Fund(1)
|
Aggregate Compensation From the Greenspring Fund(1)
|
Aggregate Compensation From the Tran Fund(1)
|
Pension or Retirement Benefits Accrued as Part of Fund Expenses | Estimated Annual Benefits Upon Retirement |
Total Compensation from the Fund and the Trust(2) Paid to Trustees
|
|
R. Alastair Short
Independent Trustee(3)
|
$15,069 | $16,247 | $6,669 | $1,598 | $8,917 | None | None | $48,500 |
|
Thomas F. Mann
Independent Trustee(3)
|
$14,413 | $15,591 | $6,221 | $1,514 | $8,261 | None | None | $46,000 |
|
Julie Thomas
Independent Trustee(5)
|
$11,296 | $12,014 | $4,236 | $0 | $6,579 | None | None | $34,125 |
|
Sanjeev Handa
Independent Trustee(4)(6)
|
$3,511 | $3,971 | $2,253 | $1,564 | $2,076 | None | None | $13,375 |
| Michael Weckwerth Interested Trustee | None | None | None | None | None | None | None | None |
(1)Trustees' fees and expenses are allocated among the Funds and the other series comprising the Trust.
(2)There is currently one other series comprising the Trust.
(3)Audit Committee member.
(4)Audit Committee chairman.
(5)Ms. Thomas resigned as Independent Trustee as of June 29, 2023.
(6)Mr. Handa was appointed as Trustee effective June 29, 2023.
* * * * *
Please retain this supplement with your Statement of Additional Information
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Filed pursuant to Rule 497(e)
File Nos. 333-258648; 811-23724
CROMWELL SUSTAINABLE BALANCED FUND
Investor Class (CSBNX)
Institutional Class (CSBIX)
(the "Fund")
a series of Total Fund Solution Trust (the "Trust")
Supplement dated October 3, 2024, to the
Statement of Additional Information ("SAI") dated December 27, 2023
THIS SUPPLEMENT REPLACES AND SUPERCEDES ANY CONTRARY INFORMATION CONTAINED IN THE FUND'S SAI.
The section titled "Management of the Funds - Trustee Compensation" on page 67 of the Statement of Additional Information, is deleted and replaced with the following:
Because the Fund has recently commenced operations, the following compensation figures represent estimates for the Fund's first fiscal year:
| Name of Person/Position |
Estimated
Aggregate Compensation From the Fund(1)
|
Pension or Retirement Benefits Accrued as Part of Fund Expenses | Estimated Annual Benefits Upon Retirement |
Estimated
Total Compensation from the Fund and the Trust(2) Paid to Trustees
|
|
R. Alastair Short
Independent Trustee(3)
|
$6,989 | None | None | $52,000 |
|
Thomas F. Mann
Independent Trustee(4)
|
$6,384 | None | None | $47,500 |
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| Name of Person/Position |
Estimated
Aggregate Compensation From the Fund(1)
|
Pension or Retirement Benefits Accrued as Part of Fund Expenses | Estimated Annual Benefits Upon Retirement |
Estimated
Total Compensation from the Fund and the Trust(2) Paid to Trustees
|
|
Sanjeev Handa
Independent Trustee(5)
|
$6,720 | None | None | $50,000 |
|
Michael J. Weckwerth Interested Trustee |
$583 | None | None | $3,500 |
(1)Trustees' fees and expenses are allocated among the Fund and the other series comprising the Trust.
(2)There are currently five other series comprising the Trust.
(3)Lead Independent Trustee.
(4)Governance and Nominating Committee chairman.
(5)Audit Committee chairman.
* * * * *
Please retain this supplement with your Statement of Additional Information
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