# EDGAR Filing Document

**Accession Number:** 0001020425
**File Stem:** 0001193125-23-066245
**Filing Date:** 2023-3
**Character Count:** 14618
**Document Hash:** cf54c1a5367dc5d3f091fe62f5341de7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-066245.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001193125-23-066245

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**EFFECTIVENESS DATE**: 20230309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LITMAN GREGORY FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001020425
- **IRS NUMBER:** 931215604
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-10015
- **FILM NUMBER:** 23720550

**BUSINESS ADDRESS:**
- **STREET 1:** 1676 N. CALIFORNIA BLVD.
- **STREET 2:** SUITE 500
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** (925) 254-8999

**MAIL ADDRESS:**
- **STREET 1:** 1676 N. CALIFORNIA BLVD.
- **STREET 2:** SUITE 500
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASTERS SELECT FUNDS TRUST
- **DATE OF NAME CHANGE:** 19980807

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASTERS SELECT INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19961226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASTERS SELECT EQUITY FUND
- **DATE OF NAME CHANGE:** 19961213

## Series and Classes Contracts Data

### iMGP Global Select Fund (Series ID: S000005593)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | MSEFX         | C000015260 |

---

### iMGP International Fund (Series ID: S000005594)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | MSILX         | C000015261 |

---

### iMGP Alternative Strategies Fund (Series ID: S000033728)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | MASFX         | C000103965 |
| Investor Class      | MASNX         | C000103966 |

---

### iMGP High Income Alternatives Fund (Series ID: S000057610)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | MAHIX         | C000183970 |

---

### iMGP SBH Focused Small Value Fund (Series ID: S000068190)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | PFSVX         | C000218348 |

---

### iMGP Oldfield International Value Fund (Series ID: S000069933)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | POIVX         | C000222757 |

---

### iMGP Dolan McEniry Corporate Bond Fund (Series ID: S000072812)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Investor Class      | IDMAX         | C000229355 |
| Institutional Class | IDMIX         | C000229356 |

---

### iMGP DBi Managed Futures Strategy ETF (Series ID: S000072813)

---

|  |  |  |
|:---|:---|:---|
| Class Name                            | Ticker Symbol | Class ID   |
| iMGP DBi Managed Futures Strategy ETF | DBMF          | C000229357 |

---

### iMGP DBi Hedge Strategy ETF (Series ID: S000072814)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| iMGP DBi Hedge Strategy ETF | DBEH          | C000229358 |

---

### iMGP RBA Responsible Global Allocation ETF (Series ID: S000075084)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iMGP RBA Responsible Global Allocation ETF | IRBA          | C000233888 |

---

## Series and Classes Contracts Data

### iMGP Global Select Fund (Series ID: S000005593)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000015260 | Institutional Class | MSEFX           |

### iMGP International Fund (Series ID: S000005594)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000015261 | Institutional Class | MSILX           |

### iMGP Alternative Strategies Fund (Series ID: S000033728)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000103965 | Institutional Class | MASFX           |
| C000103966 | Investor Class      | MASNX           |

### iMGP High Income Alternatives Fund (Series ID: S000057610)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000183970 | Institutional Class | MAHIX           |

### iMGP SBH Focused Small Value Fund (Series ID: S000068190)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000218348 | Institutional Class | PFSVX           |

### iMGP Oldfield International Value Fund (Series ID: S000069933)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000222757 | Institutional Class | POIVX           |

### iMGP Dolan McEniry Corporate Bond Fund (Series ID: S000072812)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000229355 | Investor Class      | IDMAX           |
| C000229356 | Institutional Class | IDMIX           |

### iMGP DBi Managed Futures Strategy ETF (Series ID: S000072813)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000229357 | iMGP DBi Managed Futures Strategy ETF | DBMF            |

### iMGP DBi Hedge Strategy ETF (Series ID: S000072814)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000229358 | iMGP DBi Hedge Strategy ETF | DBEH            |

### iMGP RBA Responsible Global Allocation ETF (Series ID: S000075084)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000233888 | iMGP RBA Responsible Global Allocation ETF | IRBA            |

**LITMAN GREGORY FUNDS TRUST** 

**(the "Trust")** 

**Supplement dated March 9, 2023 to the Statements of Additional Information (the "SAI") of the Litman Gregory Funds Trust (the "Trust") dated January 21, 2022 and April 29, 2022, as revised and supplemented** 

**Notice to Existing and Prospective Shareholders:** 

Effective March 8, 2023, Jeremy L. DeGroot no longer serves as Chairman of the Board of Trustees (the "Board"), Trustee and President of the Trust. The Board, including all of the Independent Trustees, meaning the Trustees who are not "interested persons" of the Trust, as defined in the Investment Company Act of 1940, as amended (the "1940 Act"), has elected Julie Allecta as Chairperson of the Board. Ms. Allecta is an Independent Trustee and previously served as the Trust's Lead Independent Trustee. Additionally, the Board, including all of the Independent Trustees, has appointed Jeffrey K. Seeley as the President of the Trust. Mr. Seeley is an Interested Trustee, meaning a Trustee who is an "interested person" of the Trust, as defined in the 1940 Act. The Board also appointed Philippe Uzan as an Interested Trustee. Mr. Uzan is the Deputy Chief Executive Officer and Chief Investment Officer Asset Management of iM Global Partner, the ultimate parent company of iM Global Partner Fund Management, LLC, the investment adviser to the Trust (the "Advisor").

Each of these changes is intended to fill vacancies arising from Mr. DeGroot's resignation. All references to Mr. DeGroot with respect to his roles as Chairman of the Board, Trustee and President of the Trust are hereby removed from the SAI. Mr. DeGroot will continue in his roles as Portfolio Manager of the iMGP Alternative Strategies Fund and Co-Portfolio Manager of the iMGP Global Select Fund, iMGP International Fund, the iMGP High Income Alternatives Fund, iMGP SBH Focused Small Value Fund and iMGP Oldfield International Value Fund.

In addition, the Board, including all of the Independent Trustees, has appointed John Coughlan as the Secretary of the Trust. Mr. Coughlan is also the Treasurer and Chief Compliance Officer of the Trust.

*The following information replaces the table for Independent Trustees in the section entitled "Board of Trustees" in the SAI:* 

**Independent Trustees\*** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address and**<br> **Year Born** | **Position(s) <br>Held with the<br>Trust** | **Term of<br>Office <br>and Length<br>of <br>Time Served** | **Principal Occupation(s) <br>During Past Five Years** | **# of<br>Portfolios<br>in Fund <br>Complex <br>Overseen<br>by <br>Trustee** | **Other <br>Directorships<br>Held by <br>Trustee<br>During <br>Past Five <br>Years** |
| Julie Allecta<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1946) | Chairperson of<br>the Board,<br>Independent<br>Trustee | Open-ended<br>term; Trustee<br>since June<br>2013 | Member of Governing Council and Policy Committee, Independent Directors Council (education for investment company independent directors) since 2014; and Retired Partner, Paul Hastings LLP (law firm), active member from 1999 to 2009. | 10 | Forward Funds<br> (mutual funds)(4 portfolios)<br>Salient MF<br>Trust (mutual<br>funds) (1<br>portfolio)<br>Salient<br>Midstream &<br>MLP Fund<br>(closed-end<br>fund) (1<br>portfolio) |

---

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address and**<br> **Year Born** | **Position(s) <br>Held with the<br>Trust** | **Term of<br>Office <br>and Length<br>of <br>Time Served** | **Principal Occupation(s) <br>During Past Five Years** | **# of<br>Portfolios<br>in Fund <br>Complex <br>Overseen<br>by <br>Trustee** | **Other <br>Directorships<br>Held by <br>Trustee<br>During <br>Past Five <br>Years** |
| Thomas W. Bird<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1957) | Independent<br>Trustee | Open-ended<br> term;served since<br>May 2021 | Founder, Chief Executive Officer and Director, Bird Impact LLC (impact investment vehicle) since 2016; Founder, Chairman and Chief Investment Officer, FARM Group (impact not-for-profit organization) since 1998; Board Member, Sonen Capital LLC (impact asset management firm) 2016 - 2020. | 10 | Sonen Capital<br>LLC (asset<br>management);<br>One Summit<br>(not-for-profit<br>organization) |
| Jennifer M. Borggaard<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1969) | Independent<br>Trustee | Open-ended<br>term; served since<br>May 2021 | Co-Founder and Partner, AlderBrook Advisors (management consulting) since 2019; Member, Advisory Committee, Polen Capital (investment advisor) since 2018; Senior Vice President, Affiliated Managers Group, Inc. (asset management) 2007-2017. | 10 | BroadStreet<br> Partners Inc.<br> (insurance);<br>BNY<br> Mellon<br> Charitable Gift<br> Fund (donor<br>advised fund);<br> Anchor<br>Capital<br> Advisors LLC<br> (asset<br>management);<br>Boston<br>Financial<br>Management,<br>LLC (asset<br>management) |
| Jonathan W. DePriest<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1968) | Independent<br>Trustee | Open-ended<br> term;served since<br>May 2021 | Consultant (financial services) since 2022; General Counsel, ApplePie Capital, Inc. (franchise financing) 2019-2021; Executive Vice President and General Counsel, Salient Partners, L.P. (asset management) 2015-2019. | 10 |  |
| Frederick A. Eigenbrod, Jr., Ph.D.<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1941) | Independent<br>Trustee | Open-ended<br> term;served since<br>inception | Vice President, RoutSource Consulting Services (organizational planning and development) since 2002. | 10 |  |
| Harold M. Shefrin, Ph.D.<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1948) | Independent<br>Trustee | Open-ended<br> term;served since<br>February<br>2005 | Professor, Department of Finance, Santa Clara University since 1979. | 10 | SA Funds –<br>Investment<br>Trust (mutual<br>funds) (10<br>portfolios) |

---

\* Denotes Trustees who are not "interested persons" of the Trust, as such term is defined under the 1940 Act (the "Independent Trustees").

------

*The following information replaces the table for Interested Trustees & Officers in the section entitled "Board of Trustees" in the SAI:* 

**Interested Trustees & Officers** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address and**<br> **Year Born** | **Position(s) <br>Held with the<br>Trust** | **Term of<br>Office <br>and Length<br>of <br>Time Served** | **Principal Occupation(s) <br>During Past Five Years** | **# of<br>Portfolios<br>in Fund <br>Complex <br>Overseen<br>by <br>Trustee** | **Other <br>Directorships<br>Held by <br>Trustee/**<br> **Officer<br>During <br>Past Five <br>Years** |
| Jeffrey K. Seeley\*\*<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1969) | Trustee and<br>President | Open-ended<br>term; Trustee<br>since May<br>2021;<br>President<br>since March<br>2023. | Deputy Chief Executive Officer, U.S. Chief Operating Officer and Head of Distribution, iM Global Partner US, LLC since 2018; Chief Compliance Officer of iM Global US Distributors, LLC since 2019; Head of Distribution Resource Securities from 2017-2018; and Head of Distribution and Sales, BP Capital Fund Advisors from 2015-2017. | 10 |  |
| Philippe Uzan\*\*<br> 1676 N. California Blvd.,<br> Suite 500<br> Walnut Creek, CA 94596<br> (born 1970) | Trustee | Open-ended<br>term; served<br>since March<br>2023. | Deputy Chief Executive Officer and Chief Investment Officer Asset Management of iM Global Partner since February 2020;<br> Chief Executive Officer of UP Quantamental from June 2019 to January 2020;<br> Chief Investment Officer and Member of Executive Committee of Edmond de Rothschild Asset Management from December 2011 to March 2019. | 1 | iM Global<br>Partner Asset<br>Management;<br>iM GP SICAV<br>(investment<br> vehicle);Syz Capital<br>(asset<br>management) |
| John M. Coughlan<br> 1676 N. California Blvd., Suite 500<br> Walnut Creek, CA 94596<br> (born 1956) | Treasurer,<br>Secretary<br>and Chief<br>Compliance<br>Officer | Open-ended<br>term; served<br>as Treasurer<br>since<br>inception,<br>Secretary<br>since March<br>2023 and as<br>Chief<br>Compliance<br>Officer from<br>September<br>2004 to<br>April 2022<br>and from<br>January 2023<br>to present. | Chief Operating Officer and Chief Compliance Officer of the Advisor since 2004. | N/A |  |

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\*\* Denotes Trustees who are "interested persons" of the Trust, as such term is defined under the 1940 Act, because of their relationship with the Advisor (the "Interested Trustees").

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