# EDGAR Filing Document

**Accession Number:** 0001884762
**File Stem:** 0001580642-25-003962
**Filing Date:** 2025-7
**Character Count:** 4296
**Document Hash:** 49592bc32c58b9e9b60c1eaa09474491
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-003962.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001580642-25-003962

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**EFFECTIVENESS DATE**: 20250701

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Connors Funds
- **CENTRAL INDEX KEY:** 0001884762

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-259791
- **FILM NUMBER:** 251095205

**BUSINESS ADDRESS:**
- **STREET 1:** 1210 BROADCASTING ROAD
- **STREET 2:** SUITE 200
- **CITY:** WYOMISSING
- **STATE:** PA
- **ZIP:** 19610
- **BUSINESS PHONE:** 610-376-7418

**MAIL ADDRESS:**
- **STREET 1:** 1210 BROADCASTING ROAD
- **STREET 2:** SUITE 200
- **CITY:** WYOMISSING
- **STATE:** PA
- **ZIP:** 19610

## Series and Classes Contracts Data

### Connors Hedged Equity Fund (Series ID: S000074630)

---

|  |  |
|:---|:---|
| Class Name          | Class ID   |
| Institutional Class | C000232658 |

---

## Series and Classes Contracts Data

### Connors Hedged Equity Fund (Series ID: S000074630)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000232658 | Institutional Class |  |

?xml version='1.0' encoding='ASCII'?

**Connors Hedged Equity Fund**

A series of the Connors Fund

Institutional Class: CVRDX

**Supplement dated July 1, 2025 to the Prospectus of the Fund, dated March 30, 2025**

*This Supplement provides new and additional information beyond that contained in the Prospectus and should be read in conjunction with the Prospectus. This Supplement supersedes any information to the contrary in the Prospectus.*

 

Effective immediately, the corresponding disclosure in the section entitled "PERFORMANCE SUMMARY" beginning on page 6 of the Prospectus of the Connors Hedged Equity Fund is replaced with the following:

**Performance Table Average Annual Total Returns**

**(For the year ended December 31, 2024)**

---

| | | |
|:---|:---|:---|
| **Class I Shares** | **One** <br> **Year** | **Since**<br> **Inception<sup>(1)</sup>** |
| Return Before Taxes | 18.28% | 9.26% |
| Returns After Taxes on Distributions | 17.88% | 9.03% |
| Returns After Taxes on Distributions and <br> Sale of Fund Shares | 11.11% | 7.18% |
| S&P 500<sup>®</sup> Total Return Index<sup>(2)</sup> | 25.02% | 10.96% |
| CBOE S&P 500<sup>®</sup> BuyWrite Index<sup>(3)</sup> | 20.12% | 6.83% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Fund commenced operations on January 19, 2022 .

&nbsp;&nbsp;&nbsp;&nbsp;(2) The S&P 500® Total Return Index is a widely recognized unmanaged index of equity prices and
is representative of a broader market and range of securities than is found in the Fund's portfolio. The index is an unmanaged benchmark
that assumes reinvestment of all distributions and excludes the effect of taxes and fees. Investors cannot invest directly in an index.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The CBOE S&P 500 BuyWrite IndexSM (BXM) is a passive total return index based on (1) buying an S&P
500 stock index portfolio, and (2) "writing" (or selling) the near-term S&P 500 Index (SPXSM) "covered" call
option, generally on the third Friday of each month. An investor cannot invest directly in an index.

Effective immediately, the final sentence in the sub-section entitled "The Investment Adviser" in the section entitled "FUND MANAGEMENT" beginning on page 14 of the Prospectus of the Connors Hedged Equity Fund is replaced with the following:

A discussion of the factors considered by the Board in its approval of the Fund's Advisory Agreement with the Adviser, including the Board's conclusions with respect thereto, is available in the Fund's annual report for the year ended November 30, 2024.

*This Supplement and the Fund's existing Prospectus and SAI provide relevant information for all shareholders and should be retained for future reference. The Fund's Prospectus and SAI have each been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of these documents may be obtained without charge by visiting www.connorsinvestor.com/mutualfund or by calling 1-833-601-2676.*