EXPLANATORY NOTE
The sole purpose of this filing is to file revised risk/return summary information for the Mondrian International Equity Fund, as electronically filed with the SEC pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on October 18, 2018 (SEC Accession No. 0001398344-18-015040), in interactive data format.
Document and Entity Information |
Oct. 18, 2018 |
|---|---|
| Document And Entity Information | |
| Document Type | 497 |
| Document Period End Date | Oct. 31, 2017 |
| Registrant Name | Gallery Trust |
| Central Index Key | 0001651872 |
| Amendment Flag | false |
| Document Creation Date | Oct. 18, 2018 |
| Document Effective Date | Oct. 18, 2018 |
| Prospectus Date | Mar. 01, 2018 |
Oct. 18, 2018 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MONDRIAN INTERNATIONAL EQUITY FUND | |||||||||||||||||||||
Gallery Trust
Mondrian International Equity Fund (the “Fund”)
Supplement dated October 18, 2018 to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (the “SAI”), each dated March 1, 2018.
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
The term of the Fund’s contractual expense limitation agreement has been extended from February 28, 2019 to February 28, 2021. Accordingly, the Summary Prospectus, Prospectus and SAI are hereby amended and supplemented as follows:
1. In the “Fund Fees and Expenses” section of the Summary Prospectus and the Prospectus, the “Annual Fund Operating Expenses” table and the “Example” are hereby deleted and replaced with the following:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including capped expenses for the period described in the footnote to the fee table) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
2. In the “Investment Adviser” section of the Prospectus, the second and third sentences of the third paragraph are hereby deleted and replaced with the following:
The Adviser has contractually agreed to reduce its fees and/or reimburse expenses to the extent necessary to keep total annual Fund operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses (collectively, “excluded expenses”)) from exceeding 0.79% of the Fund’s average daily net assets until February 28, 2021. This agreement may be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2021.
3. In “The Adviser” section of the SAI, the second paragraph under the heading “Advisory Fees Paid to the Adviser” is hereby deleted and replaced with the following:
The Adviser has contractually agreed to reduce its fees and/or reimburse expenses to the extent necessary to keep total annual Fund operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses (collectively, “excluded expenses”)) from exceeding 0.79% of the Fund’s average daily net assets until February 28, 2021 (the “contractual expense limit”). This agreement may be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2021.
Please retain this supplement for future reference.
MON-SK-002-0100 |
| Label | Element | Value | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Risk Return Abstract | rr_RiskReturnAbstract | ||||||||||||||||||||||
| Document Type | dei_DocumentType | 497 | |||||||||||||||||||||
| Document Period End Date | dei_DocumentPeriodEndDate | Oct. 31, 2017 | |||||||||||||||||||||
| Registrant Name | dei_EntityRegistrantName | Gallery Trust | |||||||||||||||||||||
| Central Index Key | dei_EntityCentralIndexKey | 0001651872 | |||||||||||||||||||||
| Amendment Flag | dei_AmendmentFlag | false | |||||||||||||||||||||
| Document Creation Date | dei_DocumentCreationDate | Oct. 18, 2018 | |||||||||||||||||||||
| Document Effective Date | dei_DocumentEffectiveDate | Oct. 18, 2018 | |||||||||||||||||||||
| Prospectus Date | rr_ProspectusDate | Mar. 01, 2018 | |||||||||||||||||||||
| MONDRIAN INTERNATIONAL EQUITY FUND | |||||||||||||||||||||||
| Risk Return Abstract | rr_RiskReturnAbstract | ||||||||||||||||||||||
| Prospectus Supplement Text Block | gallery_ProspectusSupplementTextBlock | Gallery Trust
Mondrian International Equity Fund (the “Fund”)
Supplement dated October 18, 2018 to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (the “SAI”), each dated March 1, 2018.
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
The term of the Fund’s contractual expense limitation agreement has been extended from February 28, 2019 to February 28, 2021. Accordingly, the Summary Prospectus, Prospectus and SAI are hereby amended and supplemented as follows:
1. In the “Fund Fees and Expenses” section of the Summary Prospectus and the Prospectus, the “Annual Fund Operating Expenses” table and the “Example” are hereby deleted and replaced with the following:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including capped expenses for the period described in the footnote to the fee table) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
2. In the “Investment Adviser” section of the Prospectus, the second and third sentences of the third paragraph are hereby deleted and replaced with the following:
The Adviser has contractually agreed to reduce its fees and/or reimburse expenses to the extent necessary to keep total annual Fund operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses (collectively, “excluded expenses”)) from exceeding 0.79% of the Fund’s average daily net assets until February 28, 2021. This agreement may be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2021.
3. In “The Adviser” section of the SAI, the second paragraph under the heading “Advisory Fees Paid to the Adviser” is hereby deleted and replaced with the following:
The Adviser has contractually agreed to reduce its fees and/or reimburse expenses to the extent necessary to keep total annual Fund operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses (collectively, “excluded expenses”)) from exceeding 0.79% of the Fund’s average daily net assets until February 28, 2021 (the “contractual expense limit”). This agreement may be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2021.
Please retain this supplement for future reference.
MON-SK-002-0100 |