0001936157 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member 2025-07-09 2025-07-09 0001936157 dgifx:C000261609Member 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:ManagedPortfolioRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:EquitySecuritiesRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:MidcapitalizationRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:GrowthStockRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:IndustryRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:NonUSSecuritiesRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:CurrencyRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:FixedincomeSecuritiesRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:AllocationRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:TechnologySectorRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:CashPositionRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:CorporateDebtRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:HighYieldSecuritiesRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member dgifx:MortgageBackedAndAssetBackedSecuritiesRiskMember 2025-07-09 2025-07-09 0001936157 dgifx:C000261609Member 2015-01-01 2015-12-31 0001936157 dgifx:C000261609Member 2016-01-01 2016-12-31 0001936157 dgifx:C000261609Member 2017-01-01 2017-12-31 0001936157 dgifx:C000261609Member 2018-01-01 2018-12-31 0001936157 dgifx:C000261609Member 2019-01-01 2019-12-31 0001936157 dgifx:C000261609Member 2020-01-01 2020-12-31 0001936157 dgifx:C000261609Member 2021-01-01 2021-12-31 0001936157 dgifx:C000261609Member 2022-01-01 2022-12-31 0001936157 dgifx:C000261609Member 2023-01-01 2023-12-31 0001936157 dgifx:C000261609Member 2024-01-01 2024-12-31 0001936157 dgifx:C000261609Member 2020-01-01 2024-12-31 0001936157 dgifx:C000261609Member 2015-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsMember 2024-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsMember 2020-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsMember 2015-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsAndSalesMember 2024-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsAndSalesMember 2020-01-01 2024-12-31 0001936157 dgifx:C000261609Member oef:AfterTaxesOnDistributionsAndSalesMember 2015-01-01 2024-12-31 0001936157 dgifx:SAndP500TotalReturnIndexMember 2024-01-01 2024-12-31 0001936157 dgifx:SAndP500TotalReturnIndexMember 2020-01-01 2024-12-31 0001936157 dgifx:SAndP500TotalReturnIndexMember 2015-01-01 2024-12-31 0001936157 dgifx:S000093392Member oef:RiskLoseMoneyMember 2025-07-09 2025-07-09 0001936157 dgifx:S000093392Member oef:RiskNotInsuredMember 2025-07-09 2025-07-09 iso4217:USD shares iso4217:USD shares pure false N-1A 485BPOS 0001936157 2025-07-09 Elevation Series Trust 2025-07-09 FUND Summary—The Disciplined Growth Investors Fund Investment Objective The Disciplined Growth Investors Fund (the “Fund”) seeks long-term capital growth, and as a secondary objective, modest income with reasonable risk. Fees and Expenses of the Fund The following table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A86_eoef--AnnualFundOperatingExpensesTableTextBlock_zuxvwlUeguki" style="-sec-ix-redline: true"></div> <table cellpadding="0" cellspacing="0" id="xdx_A57_dU_ziCEQCO709D8" style="font: 10pt Times New Roman, Times, Serif; -sec-ix-redline: true; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="display: none; visibility: hidden; vertical-align: top"> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt"> </td> <td id="xdx_49A_20250709__20250709__oef--ClassAxis__custom--C000261609Member_zS8vKNcEu4E7" style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"> </td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dpn_zzNIMFpfn7yf" style="vertical-align: top"> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; width: 87%">Management Fees</td> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center; width: 13%">0.78%</td></tr> <tr id="xdx_40C_eoef--OtherExpensesOverAssets_dpn_zxVE6ABWqLGf" style="vertical-align: top"> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Other Expenses</td> <td style="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.00%</td></tr> <tr id="xdx_402_eoef--ExpensesOverAssets_dpn_zONCWxidlPEf" style="vertical-align: top"> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt">Total Annual Fund Operating Expenses </td> <td style="padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">0.78%</td></tr> </table> 0.0078 0.0000 0.0078 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 redeem all of 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 remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A84_eoef--ExpenseExampleWithRedemptionTableTextBlock_zhgiiE88c5gj"></div> <table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zIig8R8yOsK4" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="vertical-align: top"> <td id="xdx_485_eoef--ExpenseExampleYear01_zIOgOsTd3mac" style="-sec-ix-redline: true; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 Year</td> <td id="xdx_48B_eoef--ExpenseExampleYear03_zWjsJAEFopTl" style="-sec-ix-redline: true; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3 Years</td> <td id="xdx_486_eoef--ExpenseExampleYear05_zsJiGX9UUVo1" style="-sec-ix-redline: true; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">5 Years</td> <td id="xdx_487_eoef--ExpenseExampleYear10_zWB42Xu7Mpb7" style="-sec-ix-redline: true; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10 Years</td></tr> <tr id="xdx_414_20250709__20250709__oef--ClassAxis__custom--C000261609Member_z83aGgV6xy5k" style="vertical-align: top"> <td style="-sec-ix-redline: true; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$80</td> <td style="-sec-ix-redline: true; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$249</td> <td style="-sec-ix-redline: true; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$433</td> <td style="-sec-ix-redline: true; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$965</td></tr> </table> 80 249 433 965 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in the Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. This rate excludes the value of portfolio securities whose maturities or expiration dates at the time of acquisition were one year or less. For the fiscal year ended April 30, 2025, the Predecessor Fund’s (defined below) portfolio turnover rate was 17% of the average value of its portfolio. 0.17 Principal Investment Strategies of the Fund The Fund pursues its investment objective by investing, under normal conditions, approximately 65% of its assets in equity securities and approximately 35% in fixed-income securities and cash equivalents. The allocation to equity and fixed-income securities may vary widely from time to time, as market conditions warrant. The Fund may invest in both investment-grade and below investment-grade securities. The Fund’s fixed-income securities will generally have a weighted average maturity of five to 10 years, although Disciplined Growth Investors, Inc. (“DGI” or the “Adviser”) may cause the Fund to invest in fixed-income securities with a weighted average maturity greater than 10 years or less than five years, depending on market conditions. If the Adviser cannot find qualifying investments, the Fund may hold cash and short-term securities. The Adviser seeks to invest primarily in U.S. companies but may invest in foreign companies from time to time. With respect to the equity portion of the portfolio, the Adviser seeks to generally invest in mid-sized companies, which the Adviser regards as those with market capitalizations at the time of purchase greater than $1 billion and less than $15 billion. The Adviser employs a “bottom-up” approach to building a portfolio. The Adviser’s goal is to find stocks that it believes meet its criteria of sustainable competitive advantage relative to industry peers, long-term superior return on capital coupled with the financial ability to meet reasonable growth objectives. The Adviser will sell a stock through a process of allocating capital to the highest expected returns or if individual security risks become unexpectedly high. Fixed-income securities generally include corporate debt securities, U.S. Government obligations, mortgage-backed securities and other mortgage-related products and short-term securities. With respect to the fixed-income portion of the portfolio, the Adviser seeks to identify fundamental growth opportunities in specific fixed-income securities that offer relative value within the fixed- income markets. The Adviser’s decision making approach has both “top-down” (including duration/ maturity positioning, yield curve risk and sector/quality risk) and “bottom-up” (including credit research, quantitative analysis and trading) components. The Adviser’s sell discipline is managed through a combination of inputs from its maturity, sector and individual selection decisions. The Fund pursues its investment objective by investing, under normal conditions, approximately 65% of its assets in equity securities and approximately 35% in fixed-income securities and cash equivalents. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. <div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagedPortfolioRiskMember_zpUCejZ9LW38"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Managed Portfolio Risk. When choosing an actively managed mutual fund, it is generally important for investors to evaluate the investment adviser managing the fund. With respect to the Fund, performance of individual securities held by the Fund can vary widely. The investment decisions of the Fund’s Adviser may cause the Fund to underperform other investments or benchmark indices. The Fund may also underperform other mutual funds with similar investment strategies. The Fund’s Adviser may not buy chosen securities at the lowest possible price or sell securities at the highest possible prices. As with any mutual fund investment, there can be no guarantee that the Fund will achieve its investment goals.</td></tr></table> <div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_z4J0l5mxheEa"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Equity Securities Risk. Equity prices fluctuate and may decline in response to developments at individual companies or general economic conditions including interest rate levels, political events, war, natural disasters and the spread of infectious illness or other public health issues. If the value of Fund’s investments goes down and you redeem your shares, you could lose money. While the ability to hold shares through periods of volatility may protect long-term investments from permanent loss, Fund investments might not be profitable either because the market fails to recognize the value or because the Adviser misjudged the value of the investment.</td></tr></table> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--MidcapitalizationRiskMember_zOlBe3gaJz3j"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Mid-Capitalization Risk. The Fund may invest significantly in mid-capitalization stocks, which are often more volatile and less liquid than investments in larger companies. The frequency and volume of trading in securities of mid-size companies may be substantially less than is typical of larger companies. Therefore, the securities of mid-size companies may be subject to greater and more abrupt price fluctuations. In addition, mid-size companies may lack the management experience, financial resources and product diversification of larger companies, making them more susceptible to market pressures and business failure.</td></tr></table> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--GrowthStockRiskMember_zh6SV3kX8JJb"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Growth Stock Risk. Securities of companies perceived to be “growth” companies may be more volatile than other stocks and may involve special risks. The price of a “growth” security may be adversely affected if the company does not realize its anticipated potential or if there is a shift in the market to favor other types of securities.</td></tr></table> <div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--IndustryRiskMember_zHT5DgQjEzS4"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Industry Risk. The Fund may be focused in one industry or group of industries. As a result, the Fund’s returns may be considerably more volatile than returns of a fund that does not focus in one industry or group of industries.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--NonUSSecuritiesRiskMember_zg2naSMBXe9k"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuation, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zxKIqvOeCBmd"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Currency Risk. Fluctuations in exchange rates between the U.S. dollar and non-U.S. currencies may cause the value of the Fund’s non-U.S. investments to decline in terms of U.S. dollars. Additionally, certain of the Fund’s foreign currency transactions may give rise to ordinary income or loss to the extent such income or loss results from fluctuations in the value of the foreign currency. Funds that may invest in securities denominated in, or which receive revenues in, non-U.S. currencies are subject to this risk.</td></tr></table> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--FixedincomeSecuritiesRiskMember_zSMqRE8fBoYf"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Fixed-Income Securities Risk. The Fund may hold debt and other fixed-income securities to generate income. Typically, the values of fixed-income securities will change inversely with prevailing interest rates. Therefore, a fundamental risk of fixed-income securities is interest rate risk, which is the risk that their value will generally decline as prevailing interest rates rise, which may cause the Fund’s net asset value to likewise decrease, and vice versa. How specific fixed-income securities may react to changes in interest rates will depend on the specific characteristics of each security. Fixed income securities are also subject to credit risk, prepayment risk, valuation risk and liquidity risk.</td></tr></table> <div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--AllocationRiskMember_zLXu4IB3Iafb"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Allocation Risk. The asset classes in which the Fund seeks investment exposure can perform differently from each other at any given time (as well as over the long term), so the Fund will be affected by its allocation among equity and fixed-income securities. If the Fund favors exposure to an asset class during a period when that class underperforms, performance may be hurt. During periods of rapidly rising equity price, the Fund might not achieve growth in its share price to the same degree as funds focusing only on stocks. The Fund’s investments in stocks may make it more difficult to preserve principal during periods of stock market volatility.</td></tr></table> <div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--TechnologySectorRiskMember_zorWjN2k2yQ"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Technology Sector Risk. To the extent the Fund invests in technology companies, the Fund is particularly vulnerable to factors affecting the technology sector, such as dependency on consumer and business acceptance as new technology evolves, large and rapid price movements resulting from competition, rapid obsolescence of products and services and short product cycles. Many technology companies are small and at an earlier stage of development and, therefore, may be subject to risks such as those arising out of limited product lines, markets and financial and managerial resources.</td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--CashPositionRiskMember_zqqqtYeBLLra"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Cash Position Risk. The Fund may hold cash or short-term instruments, such as interest-bearing savings accounts or demand deposit accounts at banks and investments in money market accounts. During periods when the Fund maintains exposure to cash or short-term instruments, it may not participate in market movements to the same extent that it would if the Fund was more fully invested in equity securities.</td></tr></table> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--CorporateDebtRiskMember_zix20tMzgwyf"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Corporate Debt Risk. Corporate debt securities in which the Fund may invest are taxable debt obligations issued by corporations, are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligations and may also be subject to price volatility due to factors such as market interest rates, market perception of the creditworthiness of the issuer and general market liquidity. The market value of a debt security generally reacts inversely to interest rate changes. When prevailing interest rates decline, the price of the debt obligation usually rises, and when prevailing interest rates rise, the price usually declines.</td></tr></table> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighYieldSecuritiesRiskMember_zersYpIXOs2g"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">High Yield Securities Risk. The Fund may invest in high yield securities. High yield securities generally offer a higher current yield than that available from higher grade issues, but typically involve greater risk. Securities rated below investment grade are commonly referred to as “junk bonds.” The ability of issuers of high yield securities to make timely payments of interest and principal may be adversely impacted by adverse changes in general economic conditions, changes in the financial condition of the issuers and price fluctuations in response to changes in interest rates. High yield securities are less liquid than investment grade securities and may be difficult to price or sell.</td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--MortgageBackedAndAssetBackedSecuritiesRiskMember_zCZhAcWFnqtg"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Mortgage-Backed and Asset-Backed Securities Risk. Mortgage- and asset-backed securities represent interests in “pools” of commercial or residential mortgages or other assets, including consumer loans or receivables. Mortgage- and asset-backed securities tend to be more sensitive to changes in interest rates than other types of debt securities. Investments in mortgage-and asset-backed securities are subject to both extension risk, where borrowers pay off their debt obligations more slowly in times of rising interest rates, and prepayment risk, where borrowers pay off their debt obligations sooner than expected in times of declining interest rates. These risks may reduce the Fund’s returns. In addition, investments in mortgage- and asset-backed securities, including those comprised of subprime mortgages, may be subject to a higher degree of credit risk, valuation risk, and liquidity risk than various other types of fixed-income securities.</td></tr></table> An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by any bank, the Federal Deposit Insurance Corporation, or any other government agency. Performance The Fund acquired all of the assets and liabilities of The Disciplined Growth Investors Fund, a series of Financial Investors Trust (the “Predecessor Fund”), in a tax-free reorganization on July 11, 2025. In connection with this acquisition, shares of the Predecessor Fund were exchanged for shares of the Fund. The Predecessor Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The Fund is a continuation of the Predecessor Fund, and therefore, the performance information includes the performance of the Predecessor Fund. The following information provides some indication of the risks of investing in the Fund by showing how the Predecessor Fund’s performance has varied over time. The bar chart depicts the change in performance from year to year during the periods indicated. If sales charges were included, the returns would be lower. The table compares the Predecessor Fund’s average annual returns for the periods indicated to a broad-based securities market index. The index is not actively managed and is not available for direct investment. The bar charts and performance tables assume reinvestment of dividends and distributions. The Predecessor Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.dgifund.com. The following information provides some indication of the risks of investing in the Fund by showing how the Predecessor Fund’s performance has varied over time. The Predecessor Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. www.dgifund.com <div id="xdx_A85_eoef--BarChartTableTextBlock_zSGSZwPd5YF8"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A57_dU_zeEcTA7Lbk31" style="font: 11pt Aptos Narrow; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 68%"> </td> <td style="width: 32%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2015</td> <td id="xdx_98D_eoef--AnnlRtrPct_dp_c20150101__20151231__oef--ClassAxis__custom--C000261609Member_zTQAEjGfGfr3" style="text-align: right">-4.62%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td id="xdx_988_eoef--AnnlRtrPct_dp_c20160101__20161231__oef--ClassAxis__custom--C000261609Member_zLNLcyXJynwc" style="text-align: right">13.12%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20170101__20171231__oef--ClassAxis__custom--C000261609Member_zcC36BhL8NKk" style="text-align: right">14.89%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td id="xdx_986_eoef--AnnlRtrPct_dp_c20180101__20181231__oef--ClassAxis__custom--C000261609Member_zJUDcc0TRh6" style="text-align: right">-2.36%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td id="xdx_983_eoef--AnnlRtrPct_dp_c20190101__20191231__oef--ClassAxis__custom--C000261609Member_zI9xlcdqr3sa" style="text-align: right">23.96%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20200101__20201231__oef--ClassAxis__custom--C000261609Member_zU9ZGpj7zWig" style="text-align: right">24.01%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td id="xdx_98E_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000261609Member_zL2fIRkNSAw" style="text-align: right">9.74%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td id="xdx_987_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000261609Member_zhbt9khcuDN8" style="text-align: right">-18.21%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000261609Member_zSd7OKpOXlsj" style="text-align: right">33.01%</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td id="xdx_98B_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000261609Member_zYv999t0dMek" style="text-align: right">20.93%</td></tr> </table> <img alt="" src="dgifx485apos001.jpg"/> -0.0462 0.1312 0.1489 -0.0236 0.2396 0.2401 0.0974 -0.1821 0.3301 0.2093 During the period shown in the bar chart, the best performance for a quarter was 23.15% (for the quarter ended March 31, 2024) and the worst performance was -19.25% (for the quarter ended March 31, 2020). The Predecessor Fund's year-to-date return as of June 30, 2025 was -9.70% best performance 0.2315 2024-03-31 worst performance -0.1925 2020-03-31 year-to-date return 2025-06-30 -0.0970 Average Annual Total Returns (for the Periods Ended December 31, 2024) <div id="xdx_A85_eoef--PerformanceTableTextBlock_z7stUBcw8bdj" style="-sec-ix-redline: true"></div> <table cellpadding="0" cellspacing="0" id="xdx_A57_dU_z6y81OdFK2Re" style="font: 10pt Times New Roman, Times, Serif; -sec-ix-redline: true; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr> <td style="vertical-align: bottom; width: 60%; text-align: justify"> </td> <td id="xdx_498_20240101__20241231_zOrqpCy3JOab" style="vertical-align: bottom; width: 12%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">One Year</td> <td id="xdx_49A_20200101__20241231_zX27pd6yCj7a" style="vertical-align: bottom; width: 11%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Five Year</td> <td id="xdx_495_20150101__20241231_zWsATEmhKxvc" style="vertical-align: top; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Ten Year</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member_zxVOO5dqBe6b" style="background-color: #DBDBDB"> <td style="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return Before Taxes</td> <td style="vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">20.93%</td> <td style="vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">12.35%</td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">10.39%</td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zEiFQFoi2u84" style="background-color: white"> <td style="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions</td> <td style="vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">15.88%</td> <td style="vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">10.04%</td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.84%</td></tr> <tr id="xdx_404_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000261609Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zMjDAxYOwr3i" style="background-color: #DBDBDB"> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">15.94%</td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">9.52%</td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">8.23%</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--SAndP500TotalReturnIndexMember_zLldCGPZbYR3" style="background-color: white"> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">S&P 500 Total Return Index® (reflects no deductions for fees, expenses, or taxes)</td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">25.02%</td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.75pt; padding-left: 2.65pt; text-align: justify">14.53%</td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">13.10%</td></tr> </table> 0.2093 0.1235 0.1039 0.1588 0.1004 0.0884 0.1594 0.0952 0.0823 (reflects no deductions for fees, expenses, or taxes) 0.2502 0.1453 0.1310 After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Shares” may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods covered by the table above and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Shares through tax deferred arrangements such as an individual retirement account (“IRA”) or other tax-advantaged accounts. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor