Prospectus by Investment Company (Form 497)

Zevenbergen Growth Fund

Investor Class			ZVNBX
Institutional Class			ZVNIX

Zevenbergen Genea Fund

Investor Class			ZVGNX
Institutional Class			ZVGIX

Supplement dated May 8, 2026 to the Statutory Prospectus

and Statement of Additional Information ("SAI") dated October 31, 2025

As explained in the supplement dated December 19, 2025, the Funds' Board of Trustees has approved a proposal to reorganize each Fund from a mutual fund into an exchange-traded fund series of Virtus ETF Trust II, subject to each Fund's shareholder approval. In anticipation of the potential reorganization, each Fund will convert its Investor Class shares into Institutional Class shares immediately after market close on June 12, 2026 ("Class Exchange"). Institutional Class shares have a lower expense ratio than Investor Class shares; as a result, shareholders are expected to benefit from the Class Exchange.

While each Fund currently offers two share classes, Investor Class shares and Institutional Class shares, each Fund has only one investment portfolio. That means money invested in each class is invested in one pool of investments. However, there are differences in the share class features. Investor Class shares of each Fund are subject to a distribution and servicing fee of up to 0.25% of the average daily net assets of the class. Institutional Class shares are not subject to this fee. The minimum initial investment amount for Investor Class shares is $2,500 and, after the Class Exchange, the minimum initial investment amount for Institutional Class shares also will be $2,500. Please consult the Funds' Prospectus for full details on the differences between the classes. Investor Class shares will remain available for purchase until the Class Exchange and shareholders may continue to redeem their Investor Class shares of each Fund as provided in the Funds' Prospectus until the Class Exchange.

If shares are not redeemed prior to the Class Exchange, each shareholder that owned Investor Class shares of a Fund will own Institutional Class shares of the same Fund equal to the aggregate value of the shareholder's Investor Class shares owned immediately prior to the Class Exchange.

The Class Exchange will not be considered a taxable event for federal income tax purposes. Please see the Prospectus for more information about the fees and expenses associated with Institutional Class shares.

Effective after market close on June 12, 2026, the Investor Class for each Fund will be terminated.

It is currently anticipated that during the second quarter of 2026, shareholders of each Fund will receive information soliciting their vote with respect to the proposed reorganization. If approved, each Fund's reorganization is anticipated to take place during the third quarter of 2026. The Board of Trustees has determined that the Class Exchange is in the best interests of each Fund's shareholders regardless of whether the proposed reorganization is approved.

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