# EDGAR Filing Document

**Accession Number:** 0001215880
**File Stem:** 0001413042-26-000420
**Filing Date:** 2026-5
**Character Count:** 12639
**Document Hash:** 7c72fc6b3ccdba171094c6380931eab9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000420.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001413042-26-000420

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**EFFECTIVENESS DATE**: 20260526

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEIMAN FUNDS
- **CENTRAL INDEX KEY:** 0001215880

**ORGANIZATION NAME:**
- **EIN:** 562328324
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-102844
- **FILM NUMBER:** 261017360

**BUSINESS ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221
- **BUSINESS PHONE:** 8583360832

**MAIL ADDRESS:**
- **STREET 1:** 305 SPINDRIFT DRIVE
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221

## Series and Classes Contracts Data

### Advisors Capital Small/Mid Cap Fund (Series ID: S000070469)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| Advisors Capital Small/Mid Cap Fund | ACSMX         | C000223975 |

---

### Advisors Capital Tactical Fixed Income Fund (Series ID: S000070470)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| Advisors Capital Tactical Fixed Income Fund | ACTIX         | C000223976 |

---

### Advisors Capital Total Return - Equity Fund (Series ID: S000070471)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| Advisors Capital Total Return - Equity Fund | ACUSX         | C000223977 |

---

### Advisors Capital Active All Cap Fund (Series ID: S000077799)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| Advisors Capital Active All Cap Fund | ACALX         | C000238360 |

---

### Advisors Capital Growth Fund (Series ID: S000088252)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Advisors Capital Growth Fund | ACGRX         | C000254450 |

---

## Series and Classes Contracts Data

### Advisors Capital Small/Mid Cap Fund (Series ID: S000070469)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000223975 | Advisors Capital Small/Mid Cap Fund | ACSMX           |

### Advisors Capital Tactical Fixed Income Fund (Series ID: S000070470)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000223976 | Advisors Capital Tactical Fixed Income Fund | ACTIX           |

### Advisors Capital Total Return - Equity Fund (Series ID: S000070471)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000223977 | Advisors Capital Total Return - Equity Fund | ACUSX           |

### Advisors Capital Active All Cap Fund (Series ID: S000077799)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000238360 | Advisors Capital Active All Cap Fund | ACALX           |

### Advisors Capital Growth Fund (Series ID: S000088252)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000254450 | Advisors Capital Growth Fund | ACGRX           |

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

![](fp0099081-1_01.jpg)

**Advisors Capital Funds**

**Advisors Capital Total Return – Equity Fund**

**Ticker ACUSX**

**Advisors Capital Small/Mid Cap Fund**

**Ticker ACSMX**

**Advisors Capital Tactical Fixed Income Fund** **Ticker ACTIX**

**Advisors Capital Active All Cap Fund**

**Ticker ACALX**

**Advisors Capital Growth Fund**

**Ticker ACGRX**

**May 26, 2026**

Supplement to the Prospectus and Statement of Additional Information

each dated January 31, 2026

Effective June 1, 2026, the Funds' Board of Trustees has reduced the 12b-1 fee from 0.25% to 0.15%. This reduction will be in place for at least one year. There are no current plans to increase these fees. However, if the 12b-1 fee is increased from 0.15%, shareholders will be given advanced written notice. In the event Rule 12b-1 fees were increased, over time, they would increase the cost of an investment in the Fund. Any disclosure to the contrary in the Prospectus and Statement of Additional Information should be disregarded.

In light of the lower 12b-1 fee, each Fund's fee table and expense examples are replaced with the following.

**Advisors Capital Total Return – Equity Fund**

**Fees and Expenses of the Fund**

The following table describes the expenses and fees that you may pay if you buy, hold, and sell shares of the Fund. **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**<br> (expenses that you pay each year as a percentage of the value of your investment) |  |
| Management Fees | 1.62% |
| Distribution 12b-1 Fees\* | 0.15% |
| Total Annual Fund Operating Expenses | 1.77% |

---

\* Amended and restated.

**Expense Example**

The following 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 your shares at the end of those periods. The example also assumes that your investment has a 5% annual return each year and that the Fund's operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| One Year | Three Years | Five Years | Ten Years |
| $180 | $557 | $959 | $2084 |

---

***\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\****

**Advisors Capital Small/Mid Cap Fund**

**Fees and Expenses of the Fund**

The following table describes the expenses and fees that you may pay if you buy, hold, and sell shares of the Fund. **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**<br> (expenses that you pay each year as a percentage of the value of your investment) |  |
| Management Fees | 1.62% |
| Distribution 12b-1 Fees\* | 0.15% |
| Total Annual Fund Operating Expenses | 1.77% |

---

\* Amended and restated.

**Expense Example**

The following 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 your shares at the end of those periods. The example also assumes that your investment has a 5% annual return each year and that the Fund's operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| One Year | Three Years | Five Years | Ten Years |
| $180 | $557 | $959 | $2084 |

---

**Advisors Capital Tactical Fixed Income Fund**

**Investment Objective**

The Advisors Capital Tactical Fixed Income Fund (the "Fund") seeks total return with capital preservation as a secondary objective.

**Fees and Expenses of the Fund**

The following table describes the expenses and fees that you may pay if you buy, hold, and sell shares of the Fund. **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**<br> (expenses that you pay each year as a percentage of the value of your investment) |  |
| Management Fees | 1.62% |
| Distribution 12b-1 Fees\* | 0.15% |
| Acquired Fund Fees and Expenses | 0.16% |
| Total Annual Fund Operating Expenses | 1.93% |

---

\* Amended and restated.

**Expense Example**

The following 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 your shares at the end of those periods. The example also assumes that your investment has a 5% annual return each year and that the Fund's operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| One Year | Three Years | Five Years | Ten Years |
| $196 | $606 | $1042 | $2254 |

---

\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*

**Advisors Capital Active All Cap Fund**

**Investment Objective**

The Advisors Capital Active All Cap Fund (the "Fund") seeks long-term capital appreciation.

**Fees and Expenses of the Fund**

The following table describes the expenses and fees that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and examples below.**

---

| | |
|:---|:---|
| **Annual Fund Operating Expenses**<br> (expenses that you pay each year as a percentage of the value of your investment) |  |
| Management Fees | 1.62% |
| Distribution 12b-1 Fees\* | 0.15% |
| Acquired Fund Fees and Expenses | 0.04% |
| Total Annual Fund Operating Expenses | 1.81% |

---

\* Amended and restated.

**Expense Example**

The following 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 your shares at the end of those periods. The example also assumes that your investment has a 5% annual return each year and that the Fund's operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| One Year | Three Years | Five Years | Ten Years |
| $184 | $569 | $980 | $2127 |

---

\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*

**Advisors Capital Growth Fund**

**Investment Objective**

The Advisors Capital Growth Fund (the "Fund") seeks long-term capital appreciation.

**Fees and Expenses of the Fund**

The following table describes the expenses and fees that you may pay if you buy, hold, and sell shares of the Fund. **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**<br> (expenses that you pay each year as a percentage of the value of your investment) |  |
| Management Fees | 1.62% |
| Distribution 12b-1 Fees\* | 0.15% |
| Acquired Fund Fees and Expenses | 0.09% |
| Total Annual Fund Operating Expenses | 1.86% |

---

\* Amended and restated.

**Expense Example**

The following 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 your shares at the end of those periods. The example also assumes that your investment has a 5% annual return each year and that the Fund's operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| One Year | Three Years | Five Years | Ten Years |
| $189 | $585 | $1006 | $2180 |

---

This supplement, the Prospectus and Statement of Additional Information, each dated January 31, 2026, provide the information an investor ought to know and should be retained for future reference. These been filed with the Securities and Exchange Commission and are incorporated herein by reference and can be obtained without charge by calling 1-888-247-3841.