Filed pursuant to Rule 497(e)

File Nos. 333-17391; 811-07959

Poplar Forest Partners Fund

Class A	PFPFX
Institutional Class	IPFPX

Poplar Forest Cornerstone Fund

Investor Class IPFCX

(Each a “Fund,” together, the “Funds”)

Supplement dated April 13, 2025 to the

Prospectus and Statement of Additional Information (“SAI”) dated April 13, 2025

Effective June 27, 2025, the mailing address of the Funds will change.

To request Fund documentation, or to purchase, redeem, or exchange shares of the Funds, the following mailing address for the Funds is in effect until June 27, 2025:

Regular Mail:

Poplar Forest Funds

[Name of Poplar Forest Fund]

c/o U.S. Bank Global Fund Services

P.O. Box 701

Milwaukee, Wisconsin 53201-0701

Overnight Delivery:

Poplar Forest Funds

[Name of Poplar Forest Fund]

c/o U.S. Bank Global Fund Services

615 East Michigan Street, 3rd Floor

Milwaukee, Wisconsin 532021

Beginning on June 27, 2025, please send written requests to obtain Fund documentation, or to purchase, redeem, or exchange shares of the Funds to:

Regular Mail:

Poplar Forest Funds

[Name of Poplar Forest Fund]

c/o U.S. Bank Global Fund Services

PO Box 219252

Kansas City, MO 64121-9252

Overnight Delivery:

Poplar Forest Funds

[Name of Poplar Forest Fund]

c/o U.S. Bank Global Fund Services

801 Pennsylvania Ave, Suite 219252

Kansas City, MO 64105-1307

Please retain this supplement with your Prospectus and SAI for reference.