# EDGAR Filing Document

**Accession Number:** 0001830437
**File Stem:** 0001193125-25-309443
**Filing Date:** 2025-12
**Character Count:** 6161
**Document Hash:** e55735e86a4bf73076ce1736250418e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309443.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309443

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**EFFECTIVENESS DATE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Perpetual Americas Funds Trust
- **CENTRAL INDEX KEY:** 0001830437

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

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-249784
- **FILM NUMBER:** 251552523

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 617-993-0716

**MAIL ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHCM Funds Trust
- **DATE OF NAME CHANGE:** 20201029

## Series and Classes Contracts Data

### TSW High Yield Bond Fund (Series ID: S000074042)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Class Z Shares       | nan           | C000231393 |
| Investor Shares      | nan           | C000231394 |
| Institutional Shares | TSWHX         | C000231395 |
| Advisor Shares       | nan           | C000231396 |

---

### TSW CORE PLUS BOND FUND (Series ID: S000084959)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Class Z Shares       | nan           | C000249809 |
| Institutional Shares | TSWFX         | C000249810 |
| Investor Shares      | nan           | C000249811 |
| Advisor Shares       | nan           | C000249812 |

---

## Series and Classes Contracts Data

### TSW High Yield Bond Fund (Series ID: S000074042)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000231393 | Class Z Shares       |  |
| C000231394 | Investor Shares      |  |
| C000231395 | Institutional Shares | TSWHX           |
| C000231396 | Advisor Shares       |  |

### TSW CORE PLUS BOND FUND (Series ID: S000084959)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000249809 | Class Z Shares       |  |
| C000249810 | Institutional Shares | TSWFX           |
| C000249811 | Investor Shares      |  |
| C000249812 | Advisor Shares       |  |

Filed pursuant to Rule 497(e)

File Nos. 333-249784 and 811-23615

**TSW CORE PLUS BOND FUND** 

**TSW HIGH YIELD BOND FUND** 

**EACH A SERIES OF PERPETUAL AMERICAS FUNDS TRUST** 

**Supplement dated December 5, 2025** 

**to the Prospectus and Statement of Additional Information** 

**dated February 1, 2025, as amended** 

Effective December 1, 2025, David McMackin is added as a portfolio manager of the TSW Core Plus Bond Fund and TSW High Yield Bond Fund (the "Funds"). The following changes are being made to the Prospectus and Statement of Additional Information ("SAI") of the Funds.

<u>Within the Prospectus, the Fund Summary relating to the TSW Core Plus Bond Fund, under the subsection "Portfolio Management**—**Portfolio Manager" is deleted in its entirety and replaced with the following:</u> 

***Portfolio Managers***

---

| | |
|:---|:---|
|  **William M. Bellamy, CFA** | **David McMackin, CFA** |
|  Portfolio Manager | Portfolio Manager |
|  Length of Service: Since 2024 (inception) | Length of Service: Since 2025 |

---

<u>Within the Prospectus, the Fund Summary relating to the TSW High Yield Bond Fund, under the subsection "Portfolio Management**—**Portfolio Manager" is deleted in its entirety and replaced with the following:</u> 

***Portfolio Managers***

---

| | |
|:---|:---|
|  **William M. Bellamy, CFA** | **David McMackin, CFA** |
|  Portfolio Manager | Portfolio Manager |
|  Length of Service: Since 2021 (inception) | Length of Service: Since 2025 |

---

<u>The following biographical information is added in the subsection "Management of the Funds—Portfolio Management" in the Prospectus.</u> 

**David McMackin, CFA** 

**Portfolio Manager** 

*TSW Core Plus Bond Fund* 

*TSW High Yield Bond Fund* 

David McMackin, CFA is a Portfolio Manager for the Income Strategies team and is responsible for overseeing all fixed income management at the firm. He is the co-Portfolio Manager for TSW's Multi-Asset Income and Core Plus strategies.

David began his career in the investment industry in 2000. Prior to joining TSW in 2004, he worked for Trusco Capital Management as a Portfolio Analyst and Crestar Asset Management as a Trading Assistant. David is a graduate of Virginia Polytechnic Institute & State University and holds the Chartered Financial Analyst<sup>®</sup> designation.

<u>The subsections "Portfolio Manager Holdings" and "Other Portfolio Manager Information" under "Investment Advisory and Other Services" in the Statement of Additional Information are hereby revised to indicate that David McMackin has been added as a portfolio manager of the Funds. Information regarding other accounts managed by Mr. McMackin as well as his ownership of securities of the Funds, each as of September 30, 2025, is provided below.</u> 

------

---

| | | |
|:---|:---|:---|
| **TSW Core Plus Bond Fund** | **Individual(s)** | **Dollar Range of**<br> **Equity Securities** |
|  | David McMackin | None |
| **TSW High Yield Bond Fund** | **Individual(s)** | **Dollar Range of**<br> **Equity Securities** |
|  | David McMackin | None |

---

**David McMackin, Portfolio Manager, TSW Core Plus Bond Fund and TSW High Yield Bond Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Number of Accounts | Number of Accounts | Assets Under Management<br>(in millions) | Assets Under Management<br>(in millions) |
| Account Type | Total | Subject to a<br>Performance<br>Fee | Total | Subject to a<br>Performance<br>Fee |
|  Registered Investment Companies | 0 | 0 | $0 | $0 |
|  Other Pooled Investment Vehicles | 0 | 0 | $0 | $0 |
|  Other Accounts | 0 | 0 | $0 | $0 |
|  Total | 0 | 0 | $0 | $0 |

---

**This Supplement should be retained for future reference.**