UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | ¨ | |||
Pre-Effective Amendment No. | ¨ | |||
Post-Effective Amendment No. 254 | x |
and/or
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940 | x |
Unified Series Trust
(Exact Name of Registrant as Specified In Charter)
2960 North Meridian Street, Suite 300
Indianapolis, Indiana 46208
(Address of Principal Executive Offices) (Zip Code)
Registrants Telephone Number, Including Area Code: (317) 917-7000
John C. Swhear
Interim President
2960 N. Meridian St., Suite 300
Indianapolis, Indiana 46208
(Name and Address of Agent for Service)
Copies to:
Dee Anne Sjögren, Esq. Thompson Coburn LLP One US Bank Plaza St. Louis, MO 63101 (314) 552-6295 |
It is proposed that this filing will become effective:
x | immediately upon filing pursuant to paragraph (b) |
¨ | on (date) pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on (date) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on (date) pursuant to paragraph (a)(2) of rule 485 |
If appropriate check this box:
¨ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and it has duly caused this Post-Effective Amendment No. 254 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Indianapolis and the State of Indiana on September 25, 2012.
UNIFIED SERIES TRUST | ||
By: | /s/ John C. Swhear | |
John C. Swhear, Interim President |
Attest: | ||
By: | /s/ Robert W. Silva**** | |
Robert W. Silva, Treasurer and Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed below by the following persons in the capacities and on the date indicated by the consent of all of Registrants trustees.
Signature |
Title |
Date | ||
/s/ John C. Swhear John C. Swhear |
Interim President | September 25, 2012 | ||
/s/ Robert W. Silva **** Robert W. Silva |
Treasurer and CFO | September 25, 2012 | ||
/s/ Daniel Condon * Daniel Condon |
Trustee | September 25, 2012 | ||
/s/ Gary E. Hippenstiel * Gary E. Hippenstiel |
Trustee | September 25, 2012 | ||
/s/ Stephen Little * Stephen Little |
Trustee | September 25, 2012 | ||
/s/ Ronald Tritschler * Ronald Tritschler |
Trustee | September 25, 2012 | ||
/s/ Nancy V. Kelly ** Nancy V. Kelly |
Trustee | September 25, 2012 | ||
/s/ Kenneth Grant *** Kenneth Grant |
Trustee | September 25, 2012 |
* /**/***/**** | /s/ Carol J. Highsmith | |
Carol J. Highsmith, Attorney in Fact |
* | Signed pursuant to a Power of Attorney dated May 21, 2007 and filed with Registrants registration statement on Form N-1A on June 21, 2007 and incorporated herein by reference. |
** | Signed pursuant to a Power of Attorney dated December 12, 2007 and filed with Registrants registration statement on Form N-1A on December 17, 2007 and incorporated herein by reference. |
*** | Signed pursuant to a Power of Attorney dated June 19, 2008 and filed with Registrants registration statement on Form N-1A on July 3, 2008 and incorporated herein by reference. |
**** | Signed pursuant to a Power of Attorney dated June 24, 2011 and filed with Registrants registration statement on Form N-1A on June 24, 2011 and incorporated herein by reference. |
EXHIBIT INDEX
Exhibit Number |
Description | |
EX-101.ins | XBRL Instance Document | |
EX-101.sch | XBRL Taxonomy Extension Schema Document | |
EX-101.cal | XBRL Taxonomy Extension Calculation Linkbase Document | |
EX-101.lab | XBRL Taxonomy Extension Labels Linkbase | |
EX-101.pre | XBRL Taxonomy Extension Presentation Linkbase Document | |
EX-101.def | XBRL Taxonomy Extension Definition Linkbase |
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Crawford Dividend Opportunity Fund | |||||||||||||||||||||||
Investment Objective | |||||||||||||||||||||||
The investment objective of the Crawford Dividend Opportunity Fund (the “Fund”) is to provide attractive long-term total return with below market risk as measured by standard deviation in comparison with the Russell 2000 Value© Index. Total return is comprised of both capital appreciation and income. | |||||||||||||||||||||||
Fees and Expenses of the Fund | |||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. | |||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||||||||
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||
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Expense Example | |||||||||||||||||||||||
This 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 of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Only the 1-year number shown below reflects the Advisor's agreement to waive fees and/or reimburse Fund expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: | |||||||||||||||||||||||
|
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Portfolio Turnover | |||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the Expense Example, above, affect the Fund’s performance. | |||||||||||||||||||||||
Principal Investment Strategies | |||||||||||||||||||||||
The Fund’s assets are invested primarily in common stocks of small capitalization companies that demonstrate a consistent pattern of earnings and dividend growth. The Fund’s advisor, Crawford Investment Counsel, Inc. (the “Advisor”), manages the Fund using its Crawford Small Capitalization Dividend strategy, by investing primarily in companies with market capitalizations of $3.5 billion or less at the time of purchase. The Advisor believes investing for the long-term in companies with sound management, strong balance sheets, and the ability to produce consistent earnings and dividends is a low risk means of building wealth. The Advisor utilizes a bottom-up, value-oriented approach to stock selection, focusing on company fundamentals, in an effort to identify stocks of companies where the market prices do not reflect their true values. The Advisor’s equity investment team works together to identify appropriate stocks. The Fund’s portfolio managers are responsible for selecting stocks for the Fund’s portfolio and implementing its investment strategy. The Advisor’s goal is to identify high quality small capitalization companies that have strong balance sheets and predictable earnings that are undervalued and have above-average total return potential. Traditional fundamental analysis is conducted, collectively and individually, on existing holdings as well as potential buy candidates. After the fundamental analysis has been completed, the Advisor selects a portfolio of undervalued companies that present an attractive trade-off between risk and return. The Advisor seeks to buy high quality securities at attractive valuations and to identify a catalyst that is expected to produce attractive returns. The Advisor believes that, by focusing on small capitalization companies with consistently increasing earnings and stable-to-rising dividends from one year to the next, the Fund’s portfolio companies will tend to be less volatile than the Russell 2000 Value© Index. The Advisor also believes that the consistency and stability of the Fund’s portfolio companies cause the companies to have less earnings variability than other companies, which also leads to less stock price volatility than companies of similar size, because investors can be more confident in the expected results from these companies. The Fund expects to be fully invested in common stocks of dividend-paying companies. The Fund may invest its assets in securities of U.S. companies and foreign companies. The Fund will not invest more than 5% of its assets in any one issuer. Certain economic sectors may be overweighted compared to others because the Advisor seeks the best investment opportunities regardless of sector. The Fund will not invest more than 25% of its net assets in any one economic sector included in the Russell 2000 Value Index or two times the weighting of that sector in the Index, whichever is greater. The Advisor intends to purchase securities only for the long-term. |
|||||||||||||||||||||||
Principal Risks | |||||||||||||||||||||||
All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. Below are some of the specific risks of investing in the Fund.
|
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Performance | |||||||||||||||||||||||
Performance information for the Fund has not been presented because, as of the date of this Prospectus, the Fund has not been in operation for a full calendar year. |
Label | Element | Value | ||
---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | UNIFIED SERIES TRUST | ||
Prospectus Date | rr_ProspectusDate | Sep. 13, 2012 | ||
Crawford Dividend Opportunity Fund
|
||||
Risk/Return: | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | |||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of the Crawford Dividend Opportunity Fund (the “Fund”) is to provide attractive long-term total return with below market risk as measured by standard deviation in comparison with the Russell 2000 Value© Index. Total return is comprised of both capital appreciation and income. | ||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. | ||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | April 30, 2014 | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the Expense Example, above, affect the Fund’s performance. | ||
Expense Example [Heading] | rr_ExpenseExampleHeading | Expense Example | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This 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 of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Only the 1-year number shown below reflects the Advisor's agreement to waive fees and/or reimburse Fund expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: | ||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund’s assets are invested primarily in common stocks of small capitalization companies that demonstrate a consistent pattern of earnings and dividend growth. The Fund’s advisor, Crawford Investment Counsel, Inc. (the “Advisor”), manages the Fund using its Crawford Small Capitalization Dividend strategy, by investing primarily in companies with market capitalizations of $3.5 billion or less at the time of purchase. The Advisor believes investing for the long-term in companies with sound management, strong balance sheets, and the ability to produce consistent earnings and dividends is a low risk means of building wealth. The Advisor utilizes a bottom-up, value-oriented approach to stock selection, focusing on company fundamentals, in an effort to identify stocks of companies where the market prices do not reflect their true values. The Advisor’s equity investment team works together to identify appropriate stocks. The Fund’s portfolio managers are responsible for selecting stocks for the Fund’s portfolio and implementing its investment strategy. The Advisor’s goal is to identify high quality small capitalization companies that have strong balance sheets and predictable earnings that are undervalued and have above-average total return potential. Traditional fundamental analysis is conducted, collectively and individually, on existing holdings as well as potential buy candidates. After the fundamental analysis has been completed, the Advisor selects a portfolio of undervalued companies that present an attractive trade-off between risk and return. The Advisor seeks to buy high quality securities at attractive valuations and to identify a catalyst that is expected to produce attractive returns. The Advisor believes that, by focusing on small capitalization companies with consistently increasing earnings and stable-to-rising dividends from one year to the next, the Fund’s portfolio companies will tend to be less volatile than the Russell 2000 Value© Index. The Advisor also believes that the consistency and stability of the Fund’s portfolio companies cause the companies to have less earnings variability than other companies, which also leads to less stock price volatility than companies of similar size, because investors can be more confident in the expected results from these companies. The Fund expects to be fully invested in common stocks of dividend-paying companies. The Fund may invest its assets in securities of U.S. companies and foreign companies. The Fund will not invest more than 5% of its assets in any one issuer. Certain economic sectors may be overweighted compared to others because the Advisor seeks the best investment opportunities regardless of sector. The Fund will not invest more than 25% of its net assets in any one economic sector included in the Russell 2000 Value Index or two times the weighting of that sector in the Index, whichever is greater. The Advisor intends to purchase securities only for the long-term. |
||
Risk [Heading] | rr_RiskHeading | Principal Risks | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. Below are some of the specific risks of investing in the Fund.
|
||
Risk Lose Money [Text] | rr_RiskLoseMoney | As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the Fund. | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not insured or guaranteed by any government agency. | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance information for the Fund has not been presented because, as of the date of this Prospectus, the Fund has not been in operation for a full calendar year. | ||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess |   Performance information for the Fund has not been presented because, as of the date of this Prospectus, the Fund has not been in operation for a full calendar year. | ||
Crawford Dividend Opportunity Fund | Crawford Dividend Opportunity Fund
|
||||
Risk/Return: | rr_RiskReturnAbstract | |||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | ||
Distribution and Shareholder Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other Expenses | rr_OtherExpensesOverAssets | 0.61% | ||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.61% | ||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.61%) | [1] | |
Total Annual Fund Operating Expenses, After Fee Waiver /Expense Reimbursement | rr_NetExpensesOverAssets | 1.00% | ||
1 Year | rr_ExpenseExampleYear01 | 102 | ||
3 Years | rr_ExpenseExampleYear03 | 448 | ||
|
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Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | UNIFIED SERIES TRUST |
Prospectus Date | rr_ProspectusDate | Sep. 13, 2012 |
Document Creation Date | dei_DocumentCreationDate | Sep. 17, 2012 |
Document and Entity Information
|
12 Months Ended |
---|---|
Sep. 13, 2012
|
|
Risk/Return: | |
Document Type | 485BPOS |
Document Period End Date | Sep. 17, 2012 |
Registrant Name | UNIFIED SERIES TRUST |
Central Index Key | 0001199046 |
Amendment Flag | false |
Document Creation Date | Sep. 17, 2012 |
Document Effective Date | Sep. 17, 2012 |
Prospectus Date | Sep. 13, 2012 |