X0101 EFFECT 33 LIVE 2018-08-03 11:30:00

N-14

0001511699 Managed Portfolio Series 333-225333 0001511699 Managed Portfolio Series S000061858 Olstein All Cap Value Fund C000200264 Adviser Class 0000944690 OLSTEIN FUNDS S000005136 Olstein All Cap Value Fund C000014057 Adviser Class 0001511699 Managed Portfolio Series S000061858 Olstein All Cap Value Fund C000200265 Class C 0000944690 OLSTEIN FUNDS S000005136 Olstein All Cap Value Fund C000014058 Class C 0001511699 Managed Portfolio Series S000061859 Olstein Strategic Opportunities Fund C000200266 Adviser Class 0000944690 OLSTEIN FUNDS S000013158 Olstein Strategic Opportunities Fund C000155916 Adviser Class 0001511699 Managed Portfolio Series S000061859 Olstein Strategic Opportunities Fund C000200267 Class A 0000944690 OLSTEIN FUNDS S000013158 Olstein Strategic Opportunities Fund C000035421 Class A 0001511699 Managed Portfolio Series S000061859 Olstein Strategic Opportunities Fund C000200268 Class C 0000944690 OLSTEIN FUNDS S000013158 Olstein Strategic Opportunities Fund C000035422 Class C