-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dxl5p7OpSQ8D+pVYQt8dyMPp8JnKdqIuOcaiSTViK57R1BxHAJFt6rwY8rPovPHG jY2mDFgmBQSgbLMQWjju2w== 0000912057-96-008330.txt : 19960508 0000912057-96-008330.hdr.sgml : 19960508 ACCESSION NUMBER: 0000912057-96-008330 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19960507 EFFECTIVENESS DATE: 19960507 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: STI CLASSIC FUNDS CENTRAL INDEX KEY: 0000883939 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-45671 FILM NUMBER: 96557366 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06557 FILM NUMBER: 96557367 BUSINESS ADDRESS: STREET 1: 2 OLIVER STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6109896602 MAIL ADDRESS: STREET 1: 680 E SWEDESFORD ROAD STREET 2: 680 E SWEDESFORD ROAD CITY: WAYNE STATE: PA ZIP: 19087 485BPOS 1 485BPOS AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 7, 1996 FILE NO. 33-45671 FILE NO. 811-6557 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 / / POST-EFFECTIVE AMENDMENT NO. 14 /X/ AND REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 / / AMENDMENT NO. 16 /X/ STI CLASSIC FUNDS (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) 2 OLIVER STREET BOSTON, MASSACHUSETTS 02109 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, ZIP CODE) REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE (800) 342-5734 DAVID G. LEE C/O SEI CORPORATION 680 E. SWEDESFORD ROAD WAYNE, PENNSYLVANIA 19087 (NAME AND ADDRESS OF AGENT FOR SERVICE) Copies to: RICHARD W. GRANT JOHN H. GRADY, JR. MORGAN, LEWIS & BOCKIUS LLP MORGAN, LEWIS & BOCKIUS LLP 2000 ONE LOGAN SQUARE 1800 M STREET, N.W. PHILADELPHIA, PA 19103 WASHINGTON, D.C. 20036 It is proposed that this filing will become effective (check appropriate box) X Immediately upon filing pursuant to paragraph (b), or - --- On [DATE] pursuant to paragraph (b), or - --- 60 days after filing pursuant to paragraph (a) or - --- 75 days after filing pursuant to paragraph (a) or - --- On [DATE] pursuant to paragraph (a) of Rule 485. - --- Pursuant to the provisions of Rule 24f-2 under the Investment Company Act of 1940, an indefinite number of units of beneficial interest is being registered by this Registration Statement. Registrant has filed a Rule 24f-2 Notice on July 28, 1995 for its fiscal year ended May 31, 1995. STI CLASSIC FUNDS CROSS REFERENCE SHEET N-1A ITEM NO. LOCATION PART A - ALL FUNDS Item 1. Cover Page Cover Page Item 2. Synopsis * Item 3. Condensed Financial Information Financial Highlights Item 4. General Description of Registrant Funds and Investment Objectives; Investment Policies and Strategies; Investment Limitations; Appendix Item 5. Management of the Fund Board of Trustees; Investment Advisors; Administration; Distribution Item 6. Capital Stock and Other Securities Voting Rights; Shareholder Inquiries; Dividends and Distributions; Tax Information Item 7. Purchase of Securities Being Offered Cover Page; Purchase of Fund Shares; Redemption of Fund Shares Item 8. Redemption or Repurchase Purchase of Fund Shares; Redemption of Fund Shares; Distribution Item 9. Pending Legal Proceedings * PART B - ALL FUNDS Item 10. Cover Page Cover Page Item 11. Table of Contents Table of Contents Item 12. General Information and History The Trust Item 13. Investment Objectives and Policies Description of Permitted Investments; Investment Limitations Item 14. Management of the Registrant Trustees and Officers of the Trust; The Administrator Item 15. Control Persons and Principal Trustees and Officers of the Holders of Securities Trust Item 16. Investment Advisory and Other Investment Advisors; The Services Administrator; The Distributor; Legal Counsel (Prospectus); Independent Auditors (Prospectus); Experts Item 17. Brokerage Allocation Fund Transactions Item 18. Capital Stock and Other Securities Description of Shares Item 19. Purchase, Redemption, and Pricing of Purchase and Redemption of Securities Being Offered Shares; Determination of Net Asset Value Item 20. Tax Status Taxes Item 21. Underwriters The Distributor Item 22. Calculation of Yield Quotations Computation of Yield; Calculation of Total Return Item 23. Financial Statements Financial Information PART C Information required to be included in Part C is set forth under the appropriate item, so numbered, in Part C of this Registration Statement. * Not applicable The Prospectuses for the Trust Shares and Investor Shares of the Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, U.S. Government Securities Fund, Limited-Term Federal Mortgage Securities Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Florida Tax-Exempt Bond Fund, Georgia Tax-Exempt Bond Fund, Tennessee Tax-Exempt Bond Fund, Prime Quality Money Market Fund, U.S. Government Securities Money Market Fund, Tax-Exempt Money Market Fund, Capital Growth Fund, Value Income Stock Fund, Mid-Cap Equity Fund, Balanced Fund, Sunbelt Equity Fund, International Equity Index Fund and the Prospectus for the Flex Shares of the Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, U.S. Government Securities Fund, Limited- Term Federal Mortgage Securities Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Florida Tax-Exempt Bond Fund, Georgia Tax-Exempt Bond Fund, Tennessee Tax-Exempt Bond Fund, Capital Growth Fund, Value Income Stock Fund, Mid-Cap Equity Fund, Balanced Fund, Sunbelt Equity Fund and the International Equity Index Fund and the Statement of Additional Information included as part of Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 33-45671) filed with the Securities and Exchange Commission on September 29, 1995 are hereby incorporated by reference as if set forth in full herein. The Prospectus for the Investor and Flex Shares of the International Equity Fund and Statement of Additional Information included as part of Post-Effective Amendment No. 12 to the Registrant's Registration Statement on Form N-1A (File No. 33-45671) filed with the Securities and Exchange Commission on August 17, 1995 are hereby incorporated by reference as if set forth in full herein. STI CLASSIC FUNDS INTERNATIONAL EQUITY FUND TRUST CLASS SHARES Supplement dated May 7, 1996 to Prospectus dated October 1, 1995 The Prospectus dated October 1, 1995 is hereby amended by the addition of the following unaudited financial information for the International Equity Fund for the period ended March 31, 1996.
FINANCIAL HIGHLIGHTS STI CLASSIC FUNDS FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED) For a Share Outstanding Throughout the Period RATIO OF RATIO OF NET NET RATIO OF NET RATIO OF INVESTMENT REALIZED NET NET EXPENSES INVESTMENT EXPENSES LOSS TO NET ASSET AND DIVIDENDS ASSET ASSETS TO INCOME/ TO AVERAGE AVERAGE VALUE NET UNREALIZED FROM NET VALUE END OF AVERAGE (LOSS) TO NET ASSETS NET ASSETS PORTFOLIO BEGINNING INVESTMENT GAINS ON INVESTMENT END OF TOTAL PERIOD NET AVERAGE (EXCLUDING (EXCLUDING) TURNOVER OF PERIOD LOSS INVESTMENTS INCOME PERIOD RETURN (000) ASSETS NET ASSETS WAIVERS) WAIVERS) RATE --------- ------ ----------- -------- ------ ------ ----- ------ ---------- --------- -------- ------ - -------------------- INTERNATIONAL EQUITY FUND - -------------------- TRUST 1996(1) $10.00 $ - $ 0.88 $ - $10.88 8.80% $168,030 1.46% 0.11% 1.70% (0.13)% 115% - ---------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------
(1) Commenced operations on December 1, 1995. All ratios for the period except total return have been annualized. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE STI CLASSIC FUNDS INTERNATIONAL EQUITY FUND INVESTOR/FLEX CLASS SHARES Supplement dated May 7, 1996 to Prospectus dated October 1, 1995 The Prospectus dated October 1, 1995 is hereby amended by the addition of the following unaudited financial information for the International Equity Fund for the period ended March 31, 1996.
FINANCIAL HIGHLIGHTS STI CLASSIC FUNDS FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED) For a Share Outstanding Throughout the Period RATIO OF RATIO OF NET NET RATIO OF NET RATIO OF INVESTMENT REALIZED NET NET EXPENSES INVESTMENT EXPENSES LOSS TO NET ASSET AND DIVIDENDS ASSET ASSETS TO INCOME/ TO AVERAGE AVERAGE VALUE NET UNREALIZED FROM NET VALUE END OF AVERAGE (LOSS) TO NET ASSETS NET ASSETS PORTFOLIO BEGINNING INVESTMENT GAINS ON INVESTMENT END OF TOTAL PERIOD NET AVERAGE (EXCLUDING (EXCLUDING) TURNOVER OF PERIOD LOSS INVESTMENTS INCOME PERIOD RETURN (000) ASSETS NET ASSETS WAIVERS) WAIVERS) RATE --------- ------ ----------- -------- ------ ------ ----- ------ ---------- --------- -------- ------ - -------------------- INTERNATIONAL EQUITY FUND - -------------------- INVESTOR 1996(1) $10.44 $ - $ 0.43 $ - $10.87 4.12% $2,333 1.81% 0.09% 3.53% (1.63)% 115% FLEX 1996(1) $10.44 $ (0.01) $ 0.43 $ - $10.86 4.02% $521 2.51% (0.51)% 6.13% (4.13)% 115% - -------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------
(1) Commenced operations on January 2, 1996. All ratios for the period except total return have been annualized. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE STI CLASSIC FUNDS Supplement dated May 7, 1996 to the Statement of Additional Information dated October 1, 1995 The Statement of Additional Information for STI Classic Funds is hereby amended and supplemented by the following unaudited financial statements of the International Equity Fund for the period ended March 31, 1996. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
Schedule of Investments STI CLASSIC FUNDS MARCH 31, 1996 Unaudited Market INTERNATIONAL EQUITY FUND Shares Value (000) - -------------------------------------------------------------------------------- Foreign Common Stocks (99.8%) - -------------------------------------------------------------------------------- Argentina (1.0%) Telefonica Argentina ADR . . . . . . . . . . $ 64,500 $ 1,653 Total Argentina . . . . . . . . . . . . . . . . . . . . . 1,653 Australia (2.0%) Australia & New Zealand Bank . . . . . . . . 152,425 729 Newscorp . . . . . . . . . . . . . . . . . . 125,500 734 QBE Insurance. . . . . . . . . . . . . . . . 167,000 834 Tabcorp. . . . . . . . . . . . . . . . . . . 268,000 1,086 Total Australia . . . . . . . . . . . . . . . . . . . . . 3,383 Brazil (0.6%) Usiminas ADR . . . . . . . . . . . . . . . . 90,000 968 Total Brazil. . . . . . . . . . . . . . . . . . . . . . . 968 Canada (3.8%) Alcan Aluminum . . . . . . . . . . . . . . . 50,000 1,613 Bank of Montreal . . . . . . . . . . . . . . 85,000 1,981 Bombardier . . . . . . . . . . . . . . . . . 60,000 886 CAE . . . . . . . . . . . . . . . . . . . . 224,988 1,940 Total Canada. . . . . . . . . . . . . . . . . . . . . . . 6,420 Denmark (2.7%) Copenhagen Airports. . . . . . . . . . . . . 13,000 1,277 Novo Nordisk . . . . . . . . . . . . . . . . 12,700 1,625 Sophus Berendsen . . . . . . . . . . . . . . 15,000 1,790 Total Denmark . . . . . . . . . . . . . . . . . . . . . . 4,692 Finland (7.1%) Cultor 2 . . . . . . . . . . . . . . . . . . 107,700 4,886 Finnair. . . . . . . . . . . . . . . . . . . 200,000 1,629 Konecranes*. . . . . . . . . . . . . . . . . 50,000 880 Raision Tehtaat. . . . . . . . . . . . . . . 25,000 859 Repola . . . . . . . . . . . . . . . . . . . 110,000 2,186 TT Tieto . . . . . . . . . . . . . . . . . . 50,000 1,674 Total Finland . . . . . . . . . . . . . . . . . . . . . . 12,114 France (6.2%) Christian Dior . . . . . . . . . . . . . . . 40,350 5,377 Ecco . . . . . . . . . . . . . . . . . . . . 5,025 1,158 Lagardere Groupe . . . . . . . . . . . . . . 122,500 3,250 Societe Generale . . . . . . . . . . . . . . 7,000 778 Total France. . . . . . . . . . . . . . . . . . . . . . . 10,563 Germany (5.1%) Altana . . . . . . . . . . . . . . . . . . . 1,200 738
Schedule of Investments STI CLASSIC FUNDS MARCH 31, 1996 Unaudited Market INTERNATIONAL EQUITY FUND Shares Value (000) - -------------------------------------------------------------------------------- Hoechst. . . . . . . . . . . . . . . . . . . 2,300 $ 817 Mannesmann . . . . . . . . . . . . . . . . . 4,900 1,792 Siemens . . . . . . . . . . . . . . . . . . 4,600 2,523 Veba . . . . . . . . . . . . . . . . . . . . 38,600 1,878 Wella. . . . . . . . . . . . . . . . . . . . 2,000 983 Total Germany . . . . . . . . . . . . . . . . . . . . . . 8,731 Hong Kong (3.2%) Cheung Kong Holdings . . . . . . . . . . . . 240,000 1,692 China Hong Kong Photo. . . . . . . . . . . . 500,000 255 HSBC Holdings. . . . . . . . . . . . . . . . 100,000 1,500 Swire Pacific, Cl A. . . . . . . . . . . . . 90,000 791 Tingyi*. . . . . . . . . . . . . . . . . . . 1,962,000 514 Yue Yuen . . . . . . . . . . . . . . . . . . 2,700,000 656 Total Hong Kong . . . . . . . . . . . . . . . . . . . . . 5,408 Indonesia (1.0%) Indorama Synthetics. . . . . . . . . . . . . 492,000 1,684 Total Indonesia . . . . . . . . . . . . . . . . . . . . . 1,684 Ireland (0.2%) CRH-Dublin . . . . . . . . . . . . . . . . . 36,229 318 Total Ireland . . . . . . . . . . . . . . . . . . . . . . 318 Italy (0.7%) Saipem . . . . . . . . . . . . . . . . . . . 350,000 1,162 Total Italy . . . . . . . . . . . . . . . . . . . . . . . 1,162 Japan (12.8%) Amway Japan. . . . . . . . . . . . . . . . . 87,900 2,187 Canon. . . . . . . . . . . . . . . . . . . . 142,000 2,710 Fuji Photo Film. . . . . . . . . . . . . . . 82,000 2,347 Mitsubishi Heavy Industries. . . . . . . . . 294,000 2,541 Nippon Television Network. . . . . . . . . . 10,000 2,947 Omron. . . . . . . . . . . . . . . . . . . . 79,000 1,751 Paris Miki . . . . . . . . . . . . . . . . . 90,200 3,459 Sanyo Shinpan. . . . . . . . . . . . . . . . 26,300 1,944 Sony . . . . . . . . . . . . . . . . . . . . 33,400 1,997 Total Japan . . . . . . . . . . . . . . . . . . . . . . . 21,883 Malaysia (0.3%) Arab Malaysian Finance . . . . . . . . . . . 114,000 563 Total Malaysia. . . . . . . . . . . . . . . . . . . . . . 563 Mexico (2.2%) Panamerican Beverages ADR. . . . . . . . . . 93,000 3,757 Total Mexico. . . . . . . . . . . . . . . . . . . . . . . 3,757
Schedule of Investments STI CLASSIC FUNDS MARCH 31, 1996 Unaudited Market INTERNATIONAL EQUITY FUND Shares Value (000) - -------------------------------------------------------------------------------- Netherlands (11.4%) ABN - Amro . . . . . . . . . . . . . . . . . 46,000 $ 2,289 Amev . . . . . . . . . . . . . . . . . . . . 48,200 3,401 DSM . . . . . . . . . . . . . . . . . . . . 17,500 1,661 Hollandsche Beton Groep. . . . . . . . . . . 1,500 249 IHC Caland . . . . . . . . . . . . . . . . . 67,500 2,755 International Nederlanden. . . . . . . . . . 51,000 3,705 KPN . . . . . . . . . . . . . . . . . . . . 39,900 1,570 VNU . . . . . . . . . . . . . . . . . . . . 232,000 3,864 Total Netherlands . . . . . . . . . . . . . . . . . . . . 19,494 New Zealand (0.4%) Fletcher Challenge Building* . . . . . . . . 297,500 731 Total New Zealand . . . . . . . . . . . . . . . . . . . . 731 Peru (2.4%) CPT Telefonica del Peru. . . . . . . . . . . 1,171,569 2,418 Credicorp. . . . . . . . . . . . . . . . . . 89,700 1,615 Total Peru. . . . . . . . . . . . . . . . . . . . . . . . 4,033 Philippines (1.8%) Benpres GDS* . . . . . . . . . . . . . . . . 502,961 3,144 Total Philippines . . . . . . . . . . . . . . . . . . . . 3,144 Republic of Panama (1.5%) Banco Latino Americano . . . . . . . . . . . 52,200 2,577 Total Republic of Panama. . . . . . . . . . . . . . . . . 2,577 South Korea (0.6%) Korea Chemical . . . . . . . . . . . . . . . 10,000 1,095 Total South Korea . . . . . . . . . . . . . . . . . . . . 1,095 Spain (3.4%) Repsol . . . . . . . . . . . . . . . . . . . 88,800 3,350 Telefonica de Espana . . . . . . . . . . . . 150,000 2,382 Total Spain . . . . . . . . . . . . . . . . . . . . . . . 5,732 Sweden (10.0%) Avesta Sheffield . . . . . . . . . . . . . . 140,200 1,416 Cardo* . . . . . . . . . . . . . . . . . . . 80,000 1,628 Ericsson . . . . . . . . . . . . . . . . . . 108,100 2,377 Getinge Industrier . . . . . . . . . . . . . 71,100 3,636 Hoganas. . . . . . . . . . . . . . . . . . . 53,400 1,626 Kalmar . . . . . . . . . . . . . . . . . . . 40,900 777 Nobelpharma. . . . . . . . . . . . . . . . . 70,000 1,100 SKF . . . . . . . . . . . . . . . . . . . . 70,000 1,545 Svedala. . . . . . . . . . . . . . . . . . . 92,400 3,013 Total Sweden. . . . . . . . . . . . . . . . . . . . . . . 17,118
Schedule of Investments STI CLASSIC FUNDS MARCH 31, 1996 Unaudited Market INTERNATIONAL EQUITY FUND Shares Value (000) - -------------------------------------------------------------------------------- Switzerland (7.8%) Brown Boveri & Cie . . . . . . . . . . . . . 2,315 $ 2,817 Ciba Geigy . . . . . . . . . . . . . . . . . 3,000 3,757 Roche Holdings . . . . . . . . . . . . . . . 100 831 Sandoz Pharmaceutical. . . . . . . . . . . . 2,900 3,402 Societe Generale Surveillance. . . . . . . . 1,240 2,592 Total Switzerland . . . . . . . . . . . . . . . . . . . . 13,399 United Kingdom (10.5%) Astec. . . . . . . . . . . . . . . . . . . . 457,000 900 Bank of Ireland. . . . . . . . . . . . . . . 401,055 2,652 British Airport Authority. . . . . . . . . . 200,000 1,637 CRH . . . . . . . . . . . . . . . . . . . . 173,700 1,527 Grand Metropolitan . . . . . . . . . . . . . 165,000 1,062 Grand Metropolitan ADR . . . . . . . . . . . 35,000 919 National Power . . . . . . . . . . . . . . . 407,000 2,900 Orange ADR*. . . . . . . . . . . . . . . . . 283,000 4,846 Rank Organisation. . . . . . . . . . . . . . 207,000 1,539 Total United Kingdom. . . . . . . . . . . . . . . . . . . 17,982 United States (1.1%) Comverse Technology* . . . . . . . . . . . . 80,700 1,947 Total United States . . . . . . . . . . . . . . . . . . . 1,947 - -------------------------------------------------------------------------------- Total Foreign Common Stocks (Cost $163,461,427). . . . . . . . . . . . . . . . . 170,551 - -------------------------------------------------------------------------------- Total Investments (99.8% of Net Assets) (Cost $163,461,427). . . . . . . . . . . . . . . . . $ 170,551 - --------------------------------------------------------------------------------
* Non-income producing security ADR - American Depository Receipt
STATEMENT OF ASSETS AND LIABILITIES (000) STI CLASSIC FUNDS MARCH 31, 1996 (UNAUDITED) -------------------- INTERNATIONAL EQUITY FUND -------------------- ASSETS: Investments at market value (Cost $163,461,427) $ 170,551 Cash and foreign currency 8,044 Receivables for investment securities sold 4,768 Receivables for capital shares sold 1,278 Other assets 300 ------------------------ Total assets 184,941 ------------------------ LIABILITIES: Payables for investment securities purchased 13,612 Payables for capital shares repurchased 193 Accrued expenses 252 ------------------------ Total liabilities 14,057 ------------------------ NET ASSETS: Fund shares of the Trust Class (unlimited authorization - no par value) based on 15,440,533 outstanding shares of beneficial interest 159,043 Fund shares of the Investor Class (unlimited authorization - no par value) based on 214,704 outstanding shares of beneficial interest 2,275 Fund shares of the Flex Class (unlimited authorization - no par value) based on 47,950 outstanding shares of beneficial interest 509 Accumulated net realized gain on investments 2,039 Accumulated net realized loss on foreign currency transactions (109) Undistributed net investment income 41 Net unrealized appreciation on investments 7,090 Net unrealized depreciation on foreign currency and translation of other assets and liabilities in foreign currency (4) ------------------------ Total net assets $ 170,884 ------------------------ ------------------------ Net Asset Value, Offering and Redemption Price Per Share - Trust Class $ 10.88 ------------------------ ------------------------ Net Asset Value and Redemption Price Per Share - Investor Class $ 10.87 ------------------------ ------------------------ Maximum Public Offering Price Per Share - Investor Class ($10.87/96.25%) $ 11.29 ------------------------ ------------------------ Net Asset Value, Offering and Redemption Price Per Share - Flex Class(1) $ 10.86 ------------------------ ------------------------
- ----------------------------------------------------------- (1) Flex Class has a contingent deferred sales charge. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
STATEMENT OF OPERATIONS (000) STI CLASSIC FUNDS FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED) ---------------- INTERNATIONAL EQUITY FUND (1) ---------------- INVESTMENT INCOME: Interest $ 127 Dividends 547 Less: Foreign taxes withheld (58) ----------------- Total investment income 616 ----------------- EXPENSES: Investment advisory fees 491 Investment advisory fees waived (100) Administration fees 28 Custody fees 67 Legal and audit fees 5 Printing fees 3 Organizational costs - Transfer agent fees 15 Registration and filing fees 59 Distributions fees - Investor 1 Distributions fees waived- Investor (1) Distribution fees - Flex 1 Distribution fees waived - Flex (1) Other fees 7 ----------------- Total expenses 575 ----------------- NET INVESTMENT INCOME 41 ----------------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: Net realized gain on securities sold 2,039 Net realized loss on foreign currency transactions (109) Net change in unrealized appreciation on investments 7,090 Net change in unrealized depreciation on foreign currency and translation of other assets and liabilities in foreign currency (4) ----------------- Total net realized and unrealized gain on investments 9,016 ----------------- NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 9,057 ----------------- -----------------
- ---------------------------------------------------- 1 Commenced operations on December 1, 1995. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
STATEMENT OF CHANGES IN NET ASSETS (000) STI CLASSIC FUNDS FOR THE PERIOD ENDED MARCH 31, 1996 (UNAUDITED) ---------------- INTERNATIONAL EQUITY FUND 12/1/95 (1) to 3/31/96 ---------------- OPERATIONS: Net investment income $ 41 Net realized gain on investments and foreign currency transactions 1,930 Net change in unrealized appreciation of investments and foreign currency transactions 7,086 ---------------- Net increase in net assets resulting from operations 9,057 ---------------- SHARE TRANSACTIONS: Trust Class: Proceeds from shares issued 168,592 Shares issued in lieu of cash distributions - Cost of shares repurchased (9,549) ---------------- Increase in net assets derived from Institutional Class transactions 159,043 ---------------- Investor Class: Proceeds from shares issued 2,478 Shares issued in lieu of cash distributions - Cost of shares repurchased (203) ---------------- Increase in net assets derived from Retail Class transactions 2,275 ---------------- Flex Class: Proceeds from shares issued 511 Shares issued in lieu of cash distributions - Cost of shares repurchased (2) ---------------- Increase in net assets derived from Flex Class transactions 509 ---------------- Increase in net assets derived from capital share transactions 161,827 ---------------- Net increase in net assets 170,884 NET ASSETS: Beginning of period - ---------------- End of period $ 170,884 ---------------- ---------------- SHARES ISSUED AND REDEEMED: Trust Class: Shares issued 16,344 Shares issued in lieu of cash distributions - Shares repurchased (903) ---------------- Total Institutional Class transactions 15,441 ---------------- Investor Class: Shares issued 234 Shares issued in lieu of cash distributions - Shares repurchased (19) ---------------- Total Retail Class transactions 215 ---------------- Flex Class: Shares issued 48 Shares issued in lieu of cash distributions - Shares repurchased - ---------------- Total Flex Class transactions 48 ---------------- Increase in capital shares 15,704 ---------------- ----------------
- -------------------------- 1 Commenced operations on December 1, 1995. THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS MARCH 31, 1996 UNAUDITED STI INTERNATIONAL EQUITY FUND (1) ORGANIZATION The STI Classic Funds (the "Trust") was organized as a Massachusetts business trust under a Declaration of Trust dated January 15, 1992. The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust presently consists of a series of nineteen portfolios which includes the International Equity Fund (the "Fund"). The Fund commenced operations on December 1, 1995. The other portfolios in the series which are not being reported at this time include the Prime Quality Money Market Fund, the U.S. Government Securities Money Market Fund, the Tax-Exempt Money Market Fund, the Investment Grade Bond Fund, the Investment Grade Tax-Exempt Bond Fund, the Short-Term U.S. Treasury Securities Fund, the Short-Term Bond Fund, the Capital Growth Fund, the Value Income Stock Fund, the Sunbelt Equity Fund, the Mid-Cap Equity Fund, the Balanced Fund, the Florida Tax-Exempt Bond Fund, the Georgia Tax-Exempt Bond Fund, the Tennessee Tax-Exempt Bond Fund, the U.S. Government Securities Fund, the Limited-Term Federal Mortgage Securities Fund, the International Equity Index Fund and the International Equity Fund. The assets of each portfolio are segregated, and a shareholder's interest is limited to the fund in which shares are held. (2) SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies followed by the Fund are as follows: SECURITY VALUATION - Investment securities of the Fund which are listed on a securities exchange for which market quotations are readily available are valued at the last quoted sales price for such securities on each business day. If there is no such reported sale, these securities and unlisted securities for which market quotations are readily available are valued at the last quoted bid price. Foreign securities are valued based upon quotations from the primary market in which they are traded. FEDERAL INCOME TAXES - It is the Fund's intention to qualify as a regulated investment company for Federal income tax purposes and distribute all of its taxable income and capital gains. Accordingly, no provision for Federal income taxes is required. SECURITY TRANSACTIONS AND RELATED INCOME - Security transactions are accounted for on the date the security is purchased or sold (trade date). Dividend income is recognized on the ex-dividend date, and interest income is recorded on the accrual basis. Cost used in determining realized gains and losses on the sales of investment securities are those of the specific securities sold. NET ASSET VALUE PER SHARE - The net asset value per share of the Fund is calculated on each business day, by dividing the total value of the fund's assets, less liabilities, by the number of shares outstanding. The maximum offering price per share for the Investor shares of the Fund is equal to the net asset value per share plus a sales load of 3.75%. NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS MARCH 31, 1996 UNAUDITED STI INTERNATIONAL EQUITY FUND FOREIGN CURRENCY TRANSLATION- The books and records of the Fund are maintained in U.S. dollars on the following basis: (I) market value of investment securities, assets and liabilities at the current rate of exchange; and (II) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. The Fund does not isolate that portion of gains and losses on investments in equity securities which is due to changes in the foreign exchange rates from that which is due to change in market prices of equity securities. The Fund reports certain foreign currency related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes. OTHER - Expenses that are directly related to the Fund are charged directly to the Fund. Class specific expenses, such as the 12b-1 fees, are borne by that class. Other operating expenses of the Trust are prorated to the Funds on the basis of relative net asset value. Distributions from net investment income is declared and paid to shareholders annually. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. (3) ORGANIZATION COSTS AND TRANSACTIONS WITH AFFILIATES: Organizational costs of approximately $10,000 have been capitalized by the Fund and are being amortized over sixty months commencing with operations. Certain officers of the Trust are also officers of SEI Financial Management Corporation (the "Administrator") and/or SEI Financial Services Company (the "Distributor"). Such officers are paid no fees by the Trust for serving as officers of the Trust. (4) ADMINISTRATION, TRANSFER AGENCY SERVICING AND DISTRIBUTIONS AGREEMENTS: The Trust and the Administrator are parties to an Administration agreement dated May 29, 1995, under which the Administrator provides administrative services for an annual fee (expressed as a percentage of the combined average daily net assets of the Trust and STI Variable Annuity Trust) of: .10% up to $1 billion, .07% on the next $4 billion, .05% on the next $3 billion, .045% on the next $2 billion and .04% for over $10 billion. The Trust and Federated Services Company are parties to a Transfer Agency servicing agreement dated May 14, 1994 under which Federated Services Company provides transfer agency services to the Trust. The Trust and the Distributor are parties to a Distribution Agreement (12b-1 Plan) dated May 29, 1995. The Distributor will receive no fees for its distribution services under this agreement for the Trust Shares of the Fund. With respect to the Investor Shares and Flex Shares, the Distributor receives an amounts, pursuant to a Distribution Plan and (in the case of Flex Shares) a Service Plan, as outlined in the table in footnote 5 under column titled "Distribution Fee". NOTES TO FINANCIAL STATEMENTS STI CLASSIC FUNDS MARCH 31, 1996 UNAUDITED STI INTERNATIONAL EQUITY FUND (5) INVESTMENT ADVISORY AGREEMENT: The Trust and SunBank Capital Management, N.A. have entered into an advisory agreement dated May 29, 1992. Under terms of the agreement, the Fund is charged the following annual fees based upon average net assets:
MAXIMUM FLEX MAXIMUM SHARE MAXIMUM TRUST INVESTOR INVESTOR DISTRIBUTION FLEX ANNUAL SHARE SHARE SHARE AND SHARE ADVISORY MAXIMUM DISTRI- MAXIMUM SERVICE MAXIMUM FEE EXPENSE BUTION FEE EXPENSE FEE EXPENSE ----- ------- ---------- ------- --- ------- International Equity Fund 1.25% 1.46% .33% 1.81% 1.00% 2.51%
The Investment Advisor, the Administrator and the Distributor have voluntarily agreed to waive all or a portion of their fees (and to reimburse Funds' expenses) in order to limit operating expenses to an amount as outlined in the table above. Fee waivers and expense reimbursements are voluntary and may be terminated at any time. (6) INVESTMENT TRANSACTIONS During the period December 1, 1995 to March 31, 1996 the cost of purchases and the proceeds from sales of securities, other than temporary investments in short-term securities were as follows:
U.S. GOVERNMENT SECURITIES OTHER INVESTMENT SECURITIES --------------------------- ---------------------------- PURCHASES (000) SALES (000) PURCHASES (000) SALES (000) --------------- ----------- --------------- ----------- International Equity Fund --- --- $210,703 $145,930
At March 31, 1996, the total cost of securities and the net realized gains or losses on securities sold, for Federal Income Tax purposes, was not materially different from amounts reported for financial reporting purposes. The aggregate gross unrealized appreciation and depreciation for securities held by the Fund at March 31, 1996 is as follows (000):
INTERNATIONAL EQUITY FUND ------------------------- Aggregate gross unrealized appreciation $ 9,029 Aggregate gross unrealized depreciation (1,939) ------ Net unrealized appreciation $ 7,090 -----
STI CLASSIC FUNDS PART C: OTHER INFORMATION POST-EFFECTIVE AMENDMENT NO. 14 Item 24. Financial Statements and Exhibits: Financial Statements (a) Part A - Prospectus Part B - Statement of Additional Information Audited financial statements as of May 31, 1995 incorporated by reference to Post-Effective Amendment No. 13 filed September 29, 1995 Unaudited financial statements as of March 31, 1996 Schedule of Investments Statement of Assets and Liabililities Statement of Operations Statement of Changes in Net Assets Financial Highlights Notes to Financial Statements (b) Additional Exhibits (1) Declaration of Trust (Incorporated by reference to Registration Statement filed February 12, 1992) (2) By-Laws (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) (5)(b) Form of Investment Advisory Agreements with: SunBank Capital Management, N.A. Trusco Capital Management, Inc. Trust Company Bank (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) (5)(c) Form of Revised Investment Advisory Agreement with Trusco Capital Management (Incorporated by reference to Post-Effective Amendment No. 5 filed August 2, 1993) (5)(d) Form of Investment Advisory Agreement with American National Bank and Trust Company (Incorporated by reference to Post-Effective Amendment No. 6 filed October 22, 1993) (5)(e) Form of Investment Advisory Agreement with Trust Company Bank (Incorporated by reference to Post-Effective Amendment No. 6 filed October 22, 1994) (6) Form of Distribution Agreement (Incorporated by reference to Pre- Effective Amendment No. 1 filed April 23, 1992) (8)(a) Form of Transfer Agent Agreement (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) (8)(b) Form of Custodian Agreement (Incorporated by reference to Pre- Effective Amendment No. 1 filed April 23, 1992) C-1 (8)(b)(1) Custodian Agreement with the Bank of California relating to International Equity Index Fund (8)(b)(2) Custodian Agreement with Trust Company Bank dated February 1, 1994 (Incorporated by reference to Post-Effective Amendment No. 13 filed September 28, 1995) (8)(c) Transfer Agent Agreement with Federated Services Company, dated May 14, 1994 (Incorporated by reference to Post-Effective Amendment No. 9 filed September 22, 1994) (9)(a) Form of Administration Agreement (Incorporated by reference to Exhibit 5(a) of Pre-Effective Amendment No. 1 filed April 23, 1992) (9)(b) Administration Agreement with SEI Financial Management Corporation dated May 29, 1995 (Incorporated by reference to Post-Effective Amendment No. 12 filed August 17, 1995) (10) Opinion and Consent of Counsel (Incorporated by reference to Pre- Effective Amendment No. 2 filed May 22, 1992) (11) CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS * (15) Form of Distribution Plan - Investor Class (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) (15)(a) Distribution and Service Agreement relating to Flex Shares dated May 29, 1995 (Incorporated by reference to Post-Effective Amendment No. 12 filed August 17, 1995) (16) Performance Quotation Computation (Incorporated by reference to Post-Effective Amendment No. 9 filed September 22, 1994) (18) Rule 18f-3 Plan (Incorporated by reference to Post-Effective Amendment No. 13 filed September 29, 1995) (24) Powers of Attorney (Incorporated by reference to Post-Effective Amendment No. 13 filed September 28, 1995) (27) FINANCIAL DATA SCHEDULES * *Filed herewith. Item 25. Persons Controlled by or under Common Control with Registrant: See the Prospectuses and Statement of Additional Information regarding the Trust's control relationships. The Administrator is a subsidiary of SEI Corporation which also controls the distributor of the Registrant, SEI Financial Services Company, and other corporations engaged in providing various financial and record keeping services, primarily to bank trust departments, pension plan sponsors, and investment managers. C-2 Item 26. Number of Holders of Securities: As of April 15, 1996: NUMBER OF TITLE OF CLASS RECORD HOLDERS Units of beneficial interest, without par value- Trust Shares ------------ Prime Quality Money Market Fund.....................................11 U.S. Government Securities Money Market Fund..........................5 Tax-Exempt Money Market Fund..........................................5 Investment Grade Bond Fund............................................6 Investment Grade Tax-Exempt Bond Fund.................................5 Capital Growth Fund...................................................9 Value Income Stock Fund...............................................8 Short-Term Bond Fund..................................................6 Short-Term U.S. Treasury Securities Fund..............................6 Sunbelt Equity Fund...................................................6 Balanced Fund.........................................................6 Mid-Cap Equity Fund...................................................6 Florida Tax-Exempt Bond Fund..........................................6 Georgia Tax-Exempt Bond Fund..........................................6 Tennessee Tax-Exempt Bond Fund........................................6 U.S. Government Securities Fund.......................................6 Limited-Term Federal Mortgage Securities Fund.........................6 International Equity Index Fund......................................7 International Equity Fund...........................................121 Investor Shares --------------- Prime Quality Money Market Fund...................................1,145 U.S. Government Securities Money Market Fund........................528 Tax-Exempt Money Market Fund........................................359 Investment Grade Bond Fund........................................1,695 Investment Grade Tax-Exempt Bond Fund.............................1,103 Capital Growth Fund...............................................9,646 Value Income Stock Fund...........................................5,811 Short-Term Bond Fund................................................101 Short-Term U.S. Treasury Securities Fund............................121 Sunbelt Equity Fund...............................................1,987 Balanced Fund.......................................................328 C-3 TITLE OF CLASS NUMBER OF RECORD HOLDERS Mid-Cap Equity Fund...............................................1,145 Florida Tax-Exempt Bond Fund........................................105 Georgia Tax-Exempt Bond Fund.........................................81 Tennessee Tax-Exempt Bond Fund.......................................36 U.S. Government Securities Fund......................................41 Limited-Term Federal Mortgage Securities Fund........................48 International Equity Index Fund.....................................563 International Equity Fund...........................................168 Flex Shares Investment Grade Bond Fund..........................................229 Investment Grade Tax-Exempt Bond Fund...............................149 Capital Growth Fund.................................................662 Value Income Stock Fund...........................................1,214 Short-Term Bond Fund.................................................35 Short-Term U.S. Treasury Securities Fund.............................57 Sunbelt Equity Fund..................................................99 Balanced Fund.......................................................150 Mid-Cap Equity Fund.................................................363 Florida Tax-Exempt Bond Fund.........................................62 Georgia Tax-Exempt Bond Fund.........................................80 Tennessee Tax-Exempt Bond Fund.......................................42 U.S. Government Securities Fund.....................................103 Limited-Term Federal Mortgage Securities Fund........................57 International Equity Index Fund......................................93 International Equity Fund............................................62 Item 27. Indemnification: Article VIII of the Agreement of Declaration of Trust filed as Exhibit 1 to the Registration Statement is incorporated by reference. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to trustees, directors, officers and controlling persons of the Registrant by the Registrant pursuant to the Declaration of Trust or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and, therefore, is unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by trustees, directors, C-4 officers or controlling persons of the Registrant in connection with the successful defense of any act, suit or proceeding) is asserted by such trustees, directors, officers or controlling persons in connection with the shares being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issues. Item 28. Business and Other Connections of Investment Advisors: Other business, profession, vocation, or employment of a substantial nature in which each director or principal officer of each Advisor is or has been, at any time during the last two fiscal years, engaged for his own account or in the capacity of director, officer, employee, partner or trustee are as follows:
NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- STI CAPITAL MANAGEMENT, N.A. E. Jenner Wood III -- -- Director Hunting F. Deutsch -- -- Director Anthony R. Gray -- -- Chairman & Chief Investment Officer James R. Wood -- -- President Daniel Jaworski -- -- Senior Vice President Elliott A. Perny -- -- Executive Vice President & Chief Portfolio Manager Stuart F. Van Arsdale -- -- Senior Vice President Jonathan D. Rich -- -- Director C-5 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Robert Buhrmann -- -- Senior Vice President Larry M. Cole -- -- Senior Vice President L. Earl Denney -- -- Executive Vice President Thomas A. Edgar -- -- Senior Vice President Daniel G. Shannon -- -- Senior Vice President Ronald Schwartz -- -- Senior Vice President Ryan R. Burrow Catalina Lighting Director/25% owner Senior Vice President Mills A. Riddick -- -- Senior Vice President Christopher A. Jones -- -- Senior Vice President David E. West -- -- Vice President TRUSCO CAPITAL MANAGEMENT Douglas S. Phillips -- -- President Paul L. Robertson, III -- -- First Vice President E. Jenner Wood, III -- -- Director C-6 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Donald W. Thurmond -- -- Director Bob M. Farmer -- -- Vice President Charles A. Arnold, Jr. -- -- Senior Vice President James R. Dillion, Jr. -- -- First Vice President Charles B. Leonard -- -- First Vice President James P. Foster -- -- Vice President Agnes G. Pampush -- -- Vice President Charles A. Burson -- -- Vice President David L. Watson -- -- Vice President Kurt T. Momand -- -- Vice President Charles E. Markwalter -- -- Vice President David S. Yealy -- -- Vice President Kimberly C. Maichle -- -- Associate C-7 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Mary F. Cernilli -- -- Associate George D. Smith, Jr. -- -- Associate Stephen M. Yarbrough -- -- Associate Robert J. Rhodes -- -- Group Vice President Elizabeth G. Pola -- -- Vice President Stanley J. Cherny -- -- Associate James J. Kerrigan -- -- Vice President Michael L. Ford -- -- Associate Kay S. Doremus -- -- Associate Roy Douglas Mitchell -- -- Associate Gregory L. Watkins -- -- Associate Julia A. Hilt -- -- Associate Celia S. Stanley -- -- Vice President C-8 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Kar Ming Leong -- -- Associate Catherine A. May -- -- Associate Rebekah R. Alley -- -- Vice President Carol C. Frazier -- -- Associate Patrick W. Kenefick -- -- Associate Mark D. Garfinkel -- -- Associate Patrick Kirksey -- -- Associate Paul C. Becht -- -- Vice President SUNTRUST BANK CHATTANOOGA, N.A. Paul K. Brock, Jr. Brock Candy Company Vice President - Special Director Projects J. Harold Chandler Provident Life & Accident President & CEO Director Insurance Co. William H. Chapin See Rock City, Inc. President Director John W. Clay, Jr. Third National Corporation Chairman & Director CEO Andrew G. Cope The Johnston Company Managing Partner Director C-9 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Robert P. Corker, Jr. -- -- Director John B. Crimmins, Jr. -- -- Director J.H. Davenport, III Howard Holdings, Inc. President Director Edwin B. Duckett, Jr. -- -- Director R. Alton Duke, Jr. -- -- Director Daniel K. Frierson Dixie Yarns, Inc. Chairman & CEO Director Zan Guerry Chattem, Inc. Chairman & CEO Director James L.E. Hill The Tennessee Aquarium President Director Summerfield K. Johnston, Jr. Coca Cola Enterprises, Inc. Vice Chairman & CEO Director Robert C. Jones Southern Products Chairman Director Company, Inc. James D. Kennedy, Jr. Cherokee Warehouses, Inc. Chairman Director T. A. Lupton, Jr. Stone Fort Land Company President Director Hugh O. Maclellen, Jr. Provident Life & Accident Chairman - Executive Director Insurance Co. Committee C-10 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Jack C. McKee McKee Baking Company Executive Vice Director President Charles G. Mills Olan Mills Incorporated Chairman - Executive Director Committee J. Woodley Murphy E.I. DuPont de Nemours Plant Manager Director & Co. L. Harlen Painter Bell & Associates Attorney-at-Law Director Scott L. Probasco, Jr. American National Bank & Chairman - Executive Director Trust Co. Committee Robert J. Sudderth, Jr. American National Bank & Chairman & CEO Director Trust Co. Winston W. Walker -- -- Director SUNTRUST BANK, ATLANTA Gaylord O. Coan Gold Kist, Inc. President & CEO Director Hindsight Corp. Director A.D. Correll Georgia-Pacific Corporation President & CEO Director R.W. Courts, II Atlantic Realty Company President Director Ronald S. Crowding -- -- A.W. Dahlberg The Southern Company President Director William W. Gaston Gaston & Gaston General Partner Director Gaston Development Co., Inc. President C-11 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Charles B. Ginden -- -- Director Roberto C. Goizueta The Coca-Cola Company Chairman of the Board Director Edward P. Gould Trust Company of Georgia Chairman of the Board Director T. Marshall Hahn, Jr. Georgia-Pacific Honorary Chairman Director Corporation Jesse Hill, Jr. Atlanta Life Insurance President Director Company L. Phillip Humann SunTrust Banks, Inc. President Director Services Resources & Treasurer Corporation William B. Johnson The Ritz Carlton Hotel Chairman Director Company of the Board Hicks J. Lanier Oxford Industries, Inc. Chairman of the Board Director Director & President Pinehill Development Co. 30% owner Joseph L. Lanier, Jr. Dan River, Inc. Chairman of the Board Director Braelan Group Chairman Robert R. Long Trust Company Bank President Director Arthur L. Montgomery -- -- Director H.G. Patillo Patillo Construction Chairman Director Company of the Board Larry L. Prince Genuine Parts Company Chairman of the Board Director C-12 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- R. Randall Rollins Rollins, Inc. Chairman of the Board Director Lor, Inc. Director Maran, Inc. Director Gutterworld, Inc. Director Dabora, Inc. Director & Secretary Simpson, Nance & Graham Director Auto Parts Wholesale, Inc. Director Global Expanded Metal, Inc. Director Rollins Holding Co. Director Rol, Ltd. Partner Rollins Investment Fund Partner Energy Partners Partner Petro Partnership Partner The Piedmont Investment Group Director WRG, Ltd. Partner Rollins, Inc. Chairman RPC Energy Services, Inc. Chairman The Mul Company Partner Bugvac, Inc. Director Omnitron Int'l, Inc. Director MRG, Ltd. Partner Robert W. Scherer -- -- Director Charles R. Shufeldt -- -- Executive Vice President Donald Wayne Thurmond -- -- Senior Vice President James B. Williams SunTrust Banks, Inc. Chairman of the Board Director C-13 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- Gerald T. Adams -- -- Senior Vice President James R. Albach -- -- Group Vice President Virginia D. Anderson -- -- Assistant Vice President Christina Bird -- -- First Vice President Edward Burgess -- -- Vice President Gay Cash -- -- Vice President Krista Lee Cosgrove -- -- Trust Officer Mark Elam -- -- Vice President Joseph B. Foley, Jr. -- -- First Vice President Thomas R. Frisbie -- -- Group Vice President Molly Guenther -- -- Assistant Vice President Benjamin S. Harris -- -- Vice President Jethro H. Irby, III -- -- First Vice President C-14 NAME OF CONNECTION WITH NAME OTHER COMPANY OTHER COMPANY ---- ------------- ------------- V. Jere Koser -- -- Group Vice President Richard A. Makepeace -- -- Assistant Vice President Sally S. McKinley -- -- Assistant Vice President James B. Murphy, III -- -- Vice President James E. Russell -- -- Vice President Mark Stancil -- -- Assistant Vice President David E. Thompson -- -- Vice President Charles C. Watson -- -- Group Vice President
Item 29. Principal Underwriters: (a) Furnish the name of each investment company (other than the Registrant) for which each principal underwriter currently distributing the securities of the Registrant also acts as a principal underwriter, distributor or investment adviser. Registrant's distributor, SEI Financial Services Company ("SFS"), acts as distributor for: SEI Daily Income Trust July 15, 1982 SEI Liquid Asset Trust November 29, 1982 SEI Tax Exempt Trust December 3, 1982 SEI Index Funds July 10, 1985 SEI Institutional Managed Trust January 22, 1987 SEI International Trust August 30, 1988 C-15 Stepstone Funds January 30, 1991 The Advisors' Inner Circle Fund November 14, 1991 The Pillar Funds February 28, 1992 CUFUND May 1, 1992 STI Classic Funds May 29, 1992 CoreFunds, Inc. October 30, 1992 First American Funds, Inc. November 1, 1992 First American Investment Funds, Inc. November 1, 1992 The Arbor Fund January 28, 1993 1784 Funds June 1, 1993 The PBHG Funds, Inc. July 16, 1993 Marquis Funds-Registered Trademark- August 17, 1993 Morgan Grenfell Investment Trust January 3, 1994 Inventor Funds, Inc. August 1, 1994 The Achievement Funds Trust December 27, 1994 Insurance Investment Products Trust December 30, 1994 Bishop Street Funds January 27, 1995 CrestFunds, Inc. March 1, 1995 STI Classic Variable Trust August 18, 1995 ARK Funds November 1, 1995 Monitor Funds January 11, 1996 FMB Funds, Inc. March 1, 1996 SEI Asset Allocation Trust April 1, 1996 SFS provides numerous financial services to investment managers, pension plan sponsors, and bank trust departments. These services include portfolio evaluation, performance measurement and consulting services ("Funds Evaluation") and automated execution, clearing and settlement of securities transactions ("MarketLink"). (b) Furnish the Information required by the following table with respect to each director, officer or partner of each principal underwriter named in the answer to Item 21 of Part B. Unless otherwise noted, the business address of each director or officer is 680 East Swedesford Road, Wayne, PA 19087.
Position and Office Positions and Offices Name with Underwriter with Registrant - ---- ---------------- --------------- Alfred P. West, Jr. Director, Chairman & Chief Executive Officer -- Henry H. Greer Director, President & Chief Operating Officer -- Carmen V. Romeo Director, Executive Vice President & Treasurer -- Gilbert L. Beebower Executive Vice President -- Richard B. Lieb Executive Vice President -- Charles A. Marsh Executive Vice President-Capital Resources Division -- Leo J. Dolan, Jr. Senior Vice President -- Carl A. Guarino Senior Vice President --
C-16
Position and Office Positions and Offices Name with Underwriter with Registrant - ---- ---------------- --------------- Jerome Hickey Senior Vice President -- David G. Lee Senior Vice President President & Chief Executive Officer William Madden Senior Vice President -- A. Keith McDowell Senior Vice President -- Dennis J. McGonigle Senior Vice President -- Hartland J. McKeown Senior Vice President -- James V. Morris Senior Vice President -- Steven Onofrio Senior Vice President -- Kevin P. Robins Senior Vice President, General Counsel & Vice President & Assistant Secretary Secretary Robert Wagner Senior Vice President -- Patrick K. Walsh Senior Vice President -- Kenneth Zimmer Senior Vice President -- Robert Crudup Managing Director -- Vic Galef Managing Director -- Kim Kirk Managing Director -- John Krzeminski Managing Director -- Carolyn McLaurin Managing Director -- Barbara Moore Managing Director -- Donald Pepin Managing Director -- Mark Samuels Managing Director -- Wayne M. Withrow Managing Director -- Mick Duncan Team Leader -- Robert S. Ludwig Team Leader & Vice President -- Vicki Malloy Team Leader -- Robert Aller Vice President -- Steve Bendinelli Vice President -- Gordon W. Carpenter Vice President -- Todd Cipperman Vice President & Assistant Secretary Vice President & Assistant Secretary Kathy Heilig Vice President -- Larry Hutchison Vice President -- Michael Kantor Vice President -- Samuel King Vice President -- Donald H. Korytowski Vice President -- Jack May Vice President -- W. Kelso Morrill Vice President Sandra K. Orlow Vice President & Assistant Secretary Vice President & Assistant Secretary Larry Pokora Vice President -- Kim Rainey Vice President -- Paul Sachs Vice President -- Steve Smith Vice President --
C-17
Position and Office Positions and Offices Name with Underwriter with Registrant - ---- ---------------- --------------- Daniel Spaventa Vice President -- Kathryn L. Stanton Vice President & Assistant Secretary Vice President & Assistant Secretary William Zawaski Vice President -- James Dougherty Director of Brokerage Services --
Item 30. Location of Accounts and Records: Books or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, and the rules promulgated thereunder, are maintained as follows: (a) With respect to Rules 31a-1(a); 31a-1(b)(1); (2)(a) and (b); (3); (6); (8); (12); and 31a-1(d), the required books and records are maintained at the offices of Registrant's Custodians: Trust Company Bank Park Place P.O. Box 105504 Atlanta, GA 30348 Bank of California (INTERNATIONAL EQUITY INDEX FUND ONLY) 475 Sansome Street Suite 1200 San Francisco, CA 94111 Bank of New York (INTERNATIONAL EQUITY FUND ONLY) One Wall Street New York, New York (b)/(c) With respect to Rules 31a-1(a); 31a-1(b)(1),(4); (2)(C) and (D); (4); (5); (6); (8); (9); (10); (11); and 31a-1(f), the required books and records are maintained at the offices of Registrant's Administrator: SEI Financial Management Corporation 680 E. Swedesford Road Wayne, PA 19087 (c) With respect to Rules 31a-1(b)(5), (6), (9) and (10) and 31a-1(f), the required books and records are maintained at the principal offices of the Registrant's Advisor: C-18 STI Capital Management, N.A. P.O. Box 3808 Orlando, FL 32802 Trusco Capital Management 50 Hurt Plaza, Suite 1400 Atlanta, GA 30303 SunTrust Bank, Chattanooga 736 Market Street Chattanooga, TN 37402 SunTrust Bank, Atlanta 25 Park Place Atlanta, GA 30303 Item 31. Management Services: None. Item 32. Undertakings: Registrant hereby undertakes that whenever Shareholders meeting the requirements of Section 16(c) of the Investment Company Act of 1940 inform the Board of Trustees of their desire to communicate with Shareholders of the Trust, the Trustees will inform such Shareholders as to the approximate number of Shareholders of record and the approximate costs of mailing or afford said Shareholders access to a list of Shareholders. Registrant undertakes to call a meeting of Shareholders for the purpose of voting upon the question of removal of a Trustee(s) when requested in writing to do so by the holders of at least 10% of Registrant's outstanding shares and in connection with such meetings to comply with the provisions of Section 16(c) of the Investment Company Act of 1940 relating to Shareholder communications. Registrant undertakes to furnish each person to whom a prospectus is delivered with a copy of the Registrant's latest annual report to Shareholders, upon request and without a charge. C-19 NOTICE A copy of the Agreement and Declaration of Trust for STI Classic Funds is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this Registration Statement has been executed on behalf of the Trust by an officer of the Trust as an officer and by its Trustees as trustees and not individually and the obligations of or arising out of this Registration Statement are not binding upon any of the Trustees, officers, or Shareholders individually but are binding only upon the assets and property of the Trust. C-20 SIGNATURES Pursuant to the requirements of the Securities Act of 1933 (the "Securities Act") 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 has duly caused this Post-Effective Amendment No. 14 to the Registration Statement No. 33-45671 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wayne, Commonwealth of Pennsylvania on the 6th day of May, 1996. By: * ----------------------------- David G. Lee, President and Chief Executive Officer Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacity on the dates indicated. * Trustee May 6, 1996 - ----------------------------------- F. Wendell Gooch * Trustee May 6, 1996 - ----------------------------------- Daniel S. Goodrum * Trustee May 6, 1996 - ----------------------------------- Jesse S. Hall * Trustee May 6, 1996 - ----------------------------------- Wilton Looney * Trustee May 6, 1996 - ----------------------------------- Champney A. McNair * Trustee May 6, 1996 - ----------------------------------- T. Gordy Germany * Trustee May 6, 1996 - ----------------------------------- Bernard F. Sliger * Controller & Chief May 6, 1996 - ----------------------------------- Financial Officer Stephen G. Meyer * President & Chief May 6, 1996 - ----------------------------------- Executive Officer David G. Lee * By: /s/ Carmen Romeo ------------------------------------- Carmen Romeo, As Power of Attorney EXHIBIT INDEX Number Exhibit Page - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- EX-99.B1 Declaration of Trust (Incorporated by Reference to Registration Statement filed February 12, 1992) EX-99.B2 By-Laws (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B5B Form of Investment Advisory Agreements with: SunBank Capital Management, N.A. Trusco Capital Management, Inc. Trust Company Bank (Incorporated by reference to Pre- Effective Amendment No. 1 filed April 23, 1992) EX-99.B5C Form of Revised Investment Advisory Agreement with Trusco Capital Management (Incorporated by reference to Post- Effective Amendment No. 5 filed August 2, 1993) EX-99.B5D Form of Investment Advisory Agreement with American National Bank and Trust Company (Incorporated by reference to Post-Effective Amendment No. 6 filed October 22, 1993) EX-99.B5E Form of Investment Advisory Agreement with Trust Company Bank EX-99.B6 Form of Distribution Agreement (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B8A Form of Transfer Agent Agreement (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B8B Form of Custodian Agreement (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B8B1 Custodian Agreement with the Bank of California relating to International Equity Index Fund EX-99.B8B2 Custodian Agreement with Trust Company Bank dated February 1, 1995 (Incorporated by reference to Post- Effective Amendment No. 13 filed September 28, 1995) EX-99.B8C Transfer Agent Agreement with Federated Services Company, dated May 14, 1994 (Incorporated by reference to Post- Effective No. 9 filed September 22, 1994) EX-99.B9A Form of Administration Agreement (Incorporated by reference to Exhibit 5(a) of Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B9B Administration Agreement with SEI Financial Management Corporation dated May 29, 1995 (Incorporated by reference to Post-Effective Amendment No. 12 filed August 17, 1995) EX-99.B10 Opinion and Consent of Counsel (Incorporated by reference to Pre-Effective Amendment No. 2 filed May 22, 1992) EX-99.B11 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS * EX-99.B15 Form of Distribution Plan - Investor Class (Incorporated by reference to Pre-Effective Amendment No. 1 filed April 23, 1992) EX-99.B15A Distribution and Service Agreement relating to Flex Shares dated May 29, 1995 (Incorporated by reference to Post-Effective Amendment No. 12 filed August 17, 1995) EX-99.B16 Performance Quotation Computation (Incorporated by reference to Post-Effective Amendment No. 9 filed September 22, 1994) EX-99.B18 Rule 18f-3 Plan (Incorporated by reference to Post- Effective Amendment No. 13 filed September 29, 1995) EX-99.B24 Powers of Attorney (Incorporated by reference to Post-Effective Amendment No. 13 filed September 28, 1995) EX-27.6A Financial Data Schedule for the International Equity Fund Trust Class Shares EX-27.6B Financial Data Schedule for the International Equity Fund Investor Class Shares EX-27.6C Financial Data Schedule for the International Equity Fund Flex Class Shares *FILED HEREWITH. C-22 EX-99.B11 2 EXHIBIT 99.B11 (ARTHUR ANDERSEN LLP LETTERHEAD) CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our report dated July 20, 1995 included in the Post-Effective Amendment No. 13 to the Registration Statement on Form N-1A of the STI Classic Funds (No. 33-45671), and to all references to our Firm included in or made part of Registration Statement File No. 33-45671. /s/ Arthur Andersen LLP Philadelphia, Pa., May 3, 1996 EX-27.6A 3 EX-27.6A
6 0000883939 STI CLASSIC FUNDS 191 INTERNATIONAL EQUITY FUND TRUST CLASS 1,000 4-MOS MAY-31-1996 DEC-01-1995 MAR-31-1996 163461 170551 6046 8344 0 184941 13612 0 445 14057 0 161827 15441 0 41 0 1930 0 7086 170884 489 127 0 (575) 41 1930 7086 9057 0 0 0 0 16344 (903) 0 168030 0 0 0 0 491 0 677 117545 10.00 0 .88 0 0 0 10.88 1.46 0 0
EX-27.6B 4 EX-27.6B
6 0000883939 STI CLASSIC FUNDS 192 INTERNATIONAL EQUITY FUND INVESTOR CLASS 1,000 4-MOS MAY-31-1996 DEC-01-1995 MAR-31-1996 163461 170551 6046 8344 0 184941 13612 0 445 14057 0 161827 215 0 41 0 1930 0 7086 170884 489 127 0 (575) 41 1930 7086 9057 0 0 0 0 234 (19) 0 2333 0 0 0 0 491 0 677 1181 10.44 0 .43 0 0 0 10.87 1.81 0 0
EX-27.6C 5 EX-27.6C
6 0000883939 STI CLASSIC FUNDS 193 INTERNATIONAL EQUITY FUND FLEX CLASS 1,000 4-MOS MAY-31-1996 DEC-01-1995 MAR-31-1996 163461 170551 6046 8344 0 184941 13612 0 445 14057 0 161827 48 0 41 0 1930 0 7086 170884 489 127 0 (575) 41 1930 7086 9057 0 0 0 0 48 0 0 521 0 0 0 0 491 0 677 272 10.44 (.01) .43 0 0 0 10.86 2.51 0 0
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