# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0000894189-26-002001
**Filing Date:** 2026-1
**Character Count:** 4058
**Document Hash:** c9770dfca14c48967e14c240e31dc353
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002001.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002001

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260127

**EFFECTIVENESS DATE**: 20260128

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-172080
- **FILM NUMBER:** 26568060

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Leuthold Core Investment Fund (Series ID: S000083370)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Retail Class        | LCORX         | C000246971 |
| Institutional Class | LCRIX         | C000246972 |

---

### Leuthold Grizzly Short Fund (Series ID: S000083371)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| Leuthold Grizzly Short Fund | GRZZX         | C000246973 |

---

### Leuthold Global Fund (Series ID: S000083372)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | GLBIX         | C000246974 |
| Retail Class        | GLBLX         | C000246975 |

---

### Leuthold Core ETF (Series ID: S000083373)

---

|  |  |  |
|:---|:---|:---|
| Class Name        | Ticker Symbol | Class ID   |
| Leuthold Core ETF | LCR           | C000246976 |

---

### Leuthold Select Industries ETF (Series ID: S000083374)

---

|  |  |  |
|:---|:---|:---|
| Class Name                     | Ticker Symbol | Class ID   |
| Leuthold Select Industries ETF | LST           | C000246977 |

---

## Series and Classes Contracts Data

### Leuthold Core Investment Fund (Series ID: S000083370)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000246971 | Retail Class        | LCORX           |
| C000246972 | Institutional Class | LCRIX           |

### Leuthold Grizzly Short Fund (Series ID: S000083371)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000246973 | Leuthold Grizzly Short Fund | GRZZX           |

### Leuthold Global Fund (Series ID: S000083372)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000246974 | Institutional Class | GLBIX           |
| C000246975 | Retail Class        | GLBLX           |

### Leuthold Core ETF (Series ID: S000083373)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000246976 | Leuthold Core ETF | LCR             |

### Leuthold Select Industries ETF (Series ID: S000083374)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000246977 | Leuthold Select Industries ETF | LST             |

**Leuthold Mutual Funds**

**Leuthold ETF**

**[the "Funds"]**

Supplement dated January 27, 2026, to the

Statement of Additional Information ("SAI")

dated January 28, 2025, as supplemented

The Board of Trustees of Managed Portfolio Series (the "Trust"), on behalf of the Funds, regrets to inform Fund shareholders that Leonard Rush, Chairman of the Board and Audit Committee Chairman of the Trust, has passed away.

Mr. Rush brought a unique perspective to the Board because of the various roles he held in the investment community, including his substantial industry experience serving in several different senior executive roles at various global financial services firms. The Trust will miss his extensive leadership skills and the clear guidance he brought to the Trust's Board.

Accordingly, all references to Mr. Rush are removed from the SAI.

**Please retain this Supplement with your SAI.**

<br>