# EDGAR Filing Document

**Accession Number:** 0001854919
**File Stem:** 0001580642-25-004788
**Filing Date:** 2025-8
**Character Count:** 1960
**Document Hash:** 37b1a825ff1ec6251454289d0d6fd78a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-004788.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001580642-25-004788

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dynamic Alternatives Fund
- **CENTRAL INDEX KEY:** 0001854919

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-285877
- **FILM NUMBER:** 251179387

**BUSINESS ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220
- **BUSINESS PHONE:** 614-273-1000

**MAIL ADDRESS:**
- **STREET 1:** 5025 ARLINGTON CENTRE BOULEVARD
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43220

**Dynamic Alternatives Fund**

(the "Fund")

**Supplement dated August 4, 2025<br> to the Prospectus and Statement of Additional Information ("SAI"), each dated March 18, 2025**

______________________________________________________________________

Effective August 4, 2025, Antonio Caxide is stepping down from his Portfolio Manager duties with the Fund while continuing in other capacities at Hamilton Capital, LLC. Therefore, all references to Mr. Caxide in the Fund's Prospectus and SAI are deleted in their entirety.

_________________________________

*You should read this Supplement in conjunction with the Fund's [Prospectus and SAI, each dated March 18, 2025](https://www.sec.gov/Archives/edgar/data/1854919/000158064225001814/dynamic_424b3.htm). This Supplement provides information that you should know about the Fund before investing and has been filed with the Securities and Exchange Commission. This Supplement is available upon request and without charge by calling the Fund toll-free at 1-833-617-2624.*

*Please retain this Supplement for future reference.*