FPA Funds Trust

03/27/2026 | Press release | Distributed by Public on 03/27/2026 06:30

Prospectus by Investment Company (Form 497)

FPA Global Equity ETF

(Ticker: FPAG)

A series of Investment Managers Series Trust III (the "Trust")

Supplement dated March 27, 2026 to the Statement of Additional Information ("SAI") dated January 31, 2026.

Effective immediately, the "Portfolio Managers Fund Ownership" section on page 55 of the SAI is replaced with the following:

Portfolio Managers Fund Ownership. As of March 15, 2026, the portfolio managers owned shares of the Fund as set forth in the table below. The following are the ranges: none, $1-$10,000, $10,001-$50,000, $50,001-$100,000, $100,001-$500,000, $500,001-$1,000,000, or over $1,000,000.

Name of Portfolio Manager Dollar Range of Equity Securities in the
Fund
Brian A. Selmo Over $1,000,000
Mark Landecker Over $1,000,000

Please file this Supplement with your records.

FPA Funds Trust published this content on March 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 27, 2026 at 12:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]