0000897111 est2:S000039384Member 2012-01-01 2012-12-31 0000897111 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121363Member 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121364Member 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121366Member 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121365Member 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121367Member 2012-01-01 2012-12-31 0000897111 est2:S000039384Member est2:C000121368Member 2012-01-01 2012-12-31 pure iso4217:USD <div style="display:none">~ http://www.eagleasset.com/role/ScheduleShareholderFeesEagleSmallCapStockFund column period compact * ~</div> <div style="display:none">~ http://www.eagleasset.com/role/ScheduleAnnualFundOperatingExpensesEagleSmallCapStockFund column period compact * ~</div> <div style="display:none">~ http://www.eagleasset.com/role/ScheduleExpenseExampleTransposedEagleSmallCapStockFund column period compact * ~</div> 2012-12-31 485BPOS EAGLE SERIES TRUST 0000897111 2012-12-26 2012-12-31 2012-12-26 false <b>SUMMARY OF SMALL CAP STOCK FUND </b> | 12.31.2012 <b>Investment objective </b> The Eagle Small Cap Stock Fund (&#8220;Small Cap Stock Fund&#8221; or the &#8220;fund&#8221;) seeks capital appreciation. <b>Fees and expenses of the fund</b> The tables that follow describe the fees and expenses that you may pay if you buy and hold shares of the Small Cap Stock Fund. You may qualify for sales discounts if you and your family invest, or agree to invest in the future, at least $25,000 in the Class A shares of the Eagle Family of Funds. More information about these and other discounts is available from your financial professional, on page 10 of the fund&#8217;s Prospectus and on page 20 of the fund&#8217;s Statement of Additional Information. <b>Shareholder fees</b><br/>(fees paid directly from your investment): <b>Annual fund operating expenses</b><br/>(expenses that you pay each year as a percentage of the value of<br/> your investment): <b>Expense example</b> 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&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio turnover </b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; 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 fund operating expenses or in the expense example, affect the fund&#8217;s performance. The fund has not commenced operations and does not yet have a portfolio turnover rate. <b>Principal investment strategies </b> <b>Principal risks</b> <b>Performance </b> No performance information is presented because the fund has not yet commenced operations. In the future, performance information will be presented in this section. To obtain more current performance data as of the most recent month-end, please visit our website at eagleasset.com. During normal market conditions, the Small Cap Stock Fund seeks to achieve its objective by investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of small-capitalization companies. The fund&#8217;s portfolio managers consider small-capitalization companies to be those companies that, at the time of purchase, have a market capitalization equal to or less than the largest company in the Russell 2000&#174; Index during the most recent 12-month period (approximately $3.7 billion during the 12-month period ended July 31, 2012).<br /><br /> Equity securities include common and preferred stocks, warrants or rights exercisable into common or preferred stock, and convertible preferred stock. Although the fund&#8217;s primary focus is on the equity securities of small-capitalization companies, the fund also may own a variety of other securities that, in the opinion of the fund&#8217;s portfolio managers, offer prospects for meeting the fund&#8217;s investment goals. These securities include investment in other investment companies or exchange-traded funds.<br /><br /> When making their investment decisions, the portfolio managers generally focus on investing in the securities of small-capitalization companies that demonstrate growth potential at a price that does not appear to reflect the company&#8217;s true underlying value. The portfolio managers utilize a three-pronged investment philosophy when evaluating potential additions to the fund&#8217;s portfolio &#8211; Quality, Valuation and Balance. The portfolio managers seek quality by investing in companies with superior cash-flow generation, management teams with a successful record of business-strategy execution, sustainable growth and a defensive business model. They seek attractive valuation using market fluctuations as opportunistic entry points. Finally, the portfolio managers attempt to balance the portfolio through sector-weight policies that provide diversification across major economic sectors. The fund will sell securities when the portfolio managers believe they have become overvalued or if they no longer meet the portfolio managers&#8217; investment criteria. The greatest risk of investing in this fund is that you could lose money. eagleasset.com No performance information is presented because the fund has not yet commenced operations. The greatest risk of investing in this fund is that you could lose money. The values of most debt securities held by the fund may be affected by changing interest rates and by changes in the effective maturities and credit ratings of these securities. For example, the values of debt securities in the fund&#8217;s portfolio generally will decline when interest rates rise and increase when interest rates fall. As a result, the fund&#8217;s net asset value (&#8220;NAV&#8221;) may also increase or decrease. Investments in this fund are subject to the following primary risks and these risks are further explained in the statutory Prospectus under &#8220;Additional Information on Investment Strategies&#8221; and &#8220;Additional Information on Risks.&#8221; <ul type="square"><li style="margin-left:-20px">Growth stock risk is the risk of a lack of earnings increase or lack of dividend yield;</li></ul> <ul type="square"><li style="margin-left:-20px">Market timing risk arises because certain types of securities in which the fund invests, including small-cap securities, could cause the fund to be at greater risk of market timing activities by fund shareholders; </li></ul> <ul type="square"><li style="margin-left:-20px">Investing in other investment companies and exchange-traded funds (&#8220;ETFs&#8221;) carries with it the risk that by investing in another investment company or ETF the fund, and therefore its shareholders, indirectly bear the fund&#8217;s proportionate share of the fees and expenses paid by shareholders of the other investment company or ETF, in addition to the fees and expenses fund shareholders directly bear in connection with the fund&#8217;s own operations;</li></ul> <ul type="square"><li style="margin-left:-20px">Small-cap company risk arises because small-cap companies may have narrower commercial markets, less liquidity and less financial resources than large-cap companies;</li></ul> <ul type="square"><li style="margin-left:-20px">Stock market risk is the risk of broad stock market decline or decline in particular holdings; and</li></ul> <ul type="square"><li style="margin-left:-20px">Value stock risk arises from the possibility that a stock&#8217;s true value may not be fully realized by the market.</li></ul> February 28, 2014 0.0475 0 0 0 0 0 0 0.01 0 0 0 0 0 0 0 0 0 0 0.006 0.006 0.006 0.006 0.006 0.006 0.0025 0.01 0 0.005 0 0 0.0112 0.013 0.0112 0.013 0.013 0.013 0.0197 0.029 0.0172 0.024 0.019 0.019 -0.0047 -0.006 -0.0077 -0.007 -0.0105 -0.0095 0.015 0.023 0.0095 0.017 0.0085 0.0095 522 333 97 173 97 87 926 841 682 467 505 495 Other expenses are estimated. You may qualify for sales discounts if you and your family invest, or agree to invest in the future, at least $25,000 in the Class A shares of the Eagle Family of Funds. 25000 If you purchased $1,000,000 or more of Class A shares of an Eagle mutual fund that were not otherwise eligible for a sales charge waiver and sell the shares within 18 months from the date of purchase, you may pay up to a 1% contingent deferred sales charge at the time of sale. If you purchased $1,000,000 or more of Class A shares of an Eagle mutual fund that were not otherwise eligible for a sales charge waiver and sell the shares within 18 months from the date of purchase, you may pay up to a 1% contingent deferred sales charge at the time of sale. Other expenses are estimated. For Class R-6 shares, shareholder service fees represent 0.00% of other expenses. Eagle Asset Management, Inc. ("Eagle") has contractually agreed to cap its investment advisory fee and/or reimburse certain expenses of the fund to the extent that: annual operating expenses of each class exceed a percentage of that class' average daily net assets through February 28, 2014 as follows: Class A - 1.50%, Class C - 2.30%, Class I - 0.95%, Class R-3 - 1.70%, Class R-5 - 0.95%, and Class R-6 - 0.85%. This expense limitation excludes interest, taxes, brokerage commissions, costs relating to investments in other investment companies, dividends, and extraordinary expenses, and includes offset expense arrangements with the fund's custodian. The fund's Board of Trustees may agree to change fee limitations or reimbursements without the approval of fund shareholders. Any reimbursement of fund expenses or reduction in Eagle's investment advisory fees is subject to reimbursement by the fund within the following two fiscal years, if overall expenses fall below the lesser of its then current expense cap or the expense cap in effect at the time of the fee reimbursement.