First Sentier American Listed Infrastructure Fund

Class I FLIAX

First Sentier Global Listed Infrastructure Fund

Class I FLIIX

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

Supplement dated May 28, 2025 to the Prospectus and

Statement of Additional Information (“SAI”) dated February 28, 2025

Effective June 2, 2025, the mailing address for the Funds has changed. Going forward, please send written requests to obtain Fund documentation, or to purchase, redeem, or exchange shares of the Funds to:

Regular Mail:

First Sentier Funds

[Name of Fund]

c/o U.S. Bank Global Fund Services

PO Box 219252

Kansas City, MO 64121-9252

Overnight Delivery:

First Sentier Funds

[Name of 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.