Huntington Asset Services, Inc.
2960 N. Meridian St., Suite 300
Indianapolis, IN 46208
December 18, 2012
EDGAR CORRESPONDENCE
Securities & Exchange Commission
Division of Investment Management
450 5th Street, NW
Washington, DC 20549
| Re: | Unified Series Trust (“Registrant”), SEC File No. 333-100654 |
Ladies and Gentlemen:
On behalf of the Registrant, attached herewith for filing pursuant to paragraph (e) of Rule 497 under the Securities Act of 1933, as amended (the “1933 Act”), please find exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement, dated November 30, 2012, to the Prospectus for the FCI Bond Fund.
If you have any questions or would like further information, please contact me at (317) 917-7029.
Sincerely,
| /s/ Carol J. Highsmith |
| Carol J. Highsmith |
| Vice President |
FCI Bond Fund (FCIZX) SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 30, 2012 The fifth paragraph of the sub-section “Principal Investment Strategies” in the section “Summary Section – FCI Bond Fund” and the fourth paragraph of the sub-section “Principal Investment Strategies of the Bond Fund” in the section “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” are deleted in their entirety and replaced with the following: The Fund may invest up to 10% of its assets in high yield bonds (commonly known as “junk bonds”) or in exchange-traded funds and closed end funds that own junk bonds. Junk bonds are bonds rated below BBB or its equivalent by any nationally recognized securities rating organization, or that are unrated but determined by the Advisor to be of comparable quality. The following paragraph is added to the “Principal Risks” sub-section of the “Summary Section – FCI Bond Fund” section and to the “Principal Risks of Investing in the Bond Fund” sub-section of the “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” section: High Yield Risk: The Fund may invest a portion of its assets in lower-rated, high-yielding bonds (commonly known as “junk bonds”). These bonds have a greater degree of default risk than higher-rated bonds. Default risk is the possibility that the issuer of a debt security will fail to make timely payments of principal or interest to the Fund. Closed End Fund Risk: The market price of a closed-end fund’s shares may be affected by its dividend or distribution levels (which are dependent, in part, on expenses), stability of dividends or distributions, general market and economic conditions, and other factors beyond the control of a closed-end fund. This means that a closed-end fund’s shares may trade at a discount to its net asset value. Another risk generally associated with closed-end funds is that most closed-end funds leverage their assets (i.e., use borrowed money to buy additional assets) in the attempt to enhance their yield. The use of leverage can provide higher yields and potentially higher returns for closed-end fund investors, but it also increases overall risk and the volatility of the investment. |
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | UNIFIED SERIES TRUST |
| Prospectus Date | rr_ProspectusDate | Jan. 30, 2012 |
| Supplement [Text Block] | ust12_SupplementTextBlock | FCI Bond Fund (FCIZX) SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 30, 2012 The fifth paragraph of the sub-section “Principal Investment Strategies” in the section “Summary Section – FCI Bond Fund” and the fourth paragraph of the sub-section “Principal Investment Strategies of the Bond Fund” in the section “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” are deleted in their entirety and replaced with the following: The Fund may invest up to 10% of its assets in high yield bonds (commonly known as “junk bonds”) or in exchange-traded funds and closed end funds that own junk bonds. Junk bonds are bonds rated below BBB or its equivalent by any nationally recognized securities rating organization, or that are unrated but determined by the Advisor to be of comparable quality. The following paragraph is added to the “Principal Risks” sub-section of the “Summary Section – FCI Bond Fund” section and to the “Principal Risks of Investing in the Bond Fund” sub-section of the “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” section: High Yield Risk: The Fund may invest a portion of its assets in lower-rated, high-yielding bonds (commonly known as “junk bonds”). These bonds have a greater degree of default risk than higher-rated bonds. Default risk is the possibility that the issuer of a debt security will fail to make timely payments of principal or interest to the Fund. Closed End Fund Risk: The market price of a closed-end fund’s shares may be affected by its dividend or distribution levels (which are dependent, in part, on expenses), stability of dividends or distributions, general market and economic conditions, and other factors beyond the control of a closed-end fund. This means that a closed-end fund’s shares may trade at a discount to its net asset value. Another risk generally associated with closed-end funds is that most closed-end funds leverage their assets (i.e., use borrowed money to buy additional assets) in the attempt to enhance their yield. The use of leverage can provide higher yields and potentially higher returns for closed-end fund investors, but it also increases overall risk and the volatility of the investment. |
|
FCI BOND FUND
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Supplement [Text Block] | ust12_SupplementTextBlock | FCI Bond Fund (FCIZX) SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 30, 2012 The fifth paragraph of the sub-section “Principal Investment Strategies” in the section “Summary Section – FCI Bond Fund” and the fourth paragraph of the sub-section “Principal Investment Strategies of the Bond Fund” in the section “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” are deleted in their entirety and replaced with the following: The Fund may invest up to 10% of its assets in high yield bonds (commonly known as “junk bonds”) or in exchange-traded funds and closed end funds that own junk bonds. Junk bonds are bonds rated below BBB or its equivalent by any nationally recognized securities rating organization, or that are unrated but determined by the Advisor to be of comparable quality. The following paragraph is added to the “Principal Risks” sub-section of the “Summary Section – FCI Bond Fund” section and to the “Principal Risks of Investing in the Bond Fund” sub-section of the “Additional Information about the Bond Fund’s Principal Strategies and Related Risks” section: High Yield Risk: The Fund may invest a portion of its assets in lower-rated, high-yielding bonds (commonly known as “junk bonds”). These bonds have a greater degree of default risk than higher-rated bonds. Default risk is the possibility that the issuer of a debt security will fail to make timely payments of principal or interest to the Fund. Closed End Fund Risk: The market price of a closed-end fund’s shares may be affected by its dividend or distribution levels (which are dependent, in part, on expenses), stability of dividends or distributions, general market and economic conditions, and other factors beyond the control of a closed-end fund. This means that a closed-end fund’s shares may trade at a discount to its net asset value. Another risk generally associated with closed-end funds is that most closed-end funds leverage their assets (i.e., use borrowed money to buy additional assets) in the attempt to enhance their yield. The use of leverage can provide higher yields and potentially higher returns for closed-end fund investors, but it also increases overall risk and the volatility of the investment. |
|
Document and Entity Information
|
12 Months Ended |
|---|---|
|
Jan. 30, 2012
|
|
| Risk/Return: | |
| Document Type | Other |
| Document Period End Date | Sep. 30, 2011 |
| Registrant Name | UNIFIED SERIES TRUST |
| Central Index Key | 0001199046 |
| Amendment Flag | false |
| Document Creation Date | Nov. 30, 2012 |
| Document Effective Date | Nov. 30, 2012 |
| Prospectus Date | Jan. 30, 2012 |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | UNIFIED SERIES TRUST |
| Prospectus Date | rr_ProspectusDate | Jan. 30, 2012 |
| Document Creation Date | dei_DocumentCreationDate | Nov. 30, 2012 |