497 1 l20804ae497.txt STI CLASSIC FUNDS 497 STI CLASSIC FUNDS U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND ULTRA-SHORT BOND FUND STI CLASSIC BOND AND MONEY MARKET FUNDS I SHARES (FORMERLY T SHARES) STI CLASSIC FUNDS FOR SUNTRUST RETIREMENT SERVICES CLIENTS SUPPLEMENT DATED JUNE 9, 2006 TO THE PROSPECTUS DATED AUGUST 1, 2005 On April 1, 2005, the U.S. Government Securities Ultra-Short Bond Fund and the Ultra-Short Bond Fund declared a 4.974874:1 and a 5:1 reverse stock split, respectively. The financial highlights prepared as of March 31, 2005 should have reflected the retroactive impact of these reverse stock splits for the periods ended March 31, 2005, May 31, 2004, May 31, 2003 and May 31, 2002. The March 31, 2005 financial highlights have been restated to properly reflect the effects of the reverse stock splits on a retroactive basis. The financial highlights for the U.S. Government Securities Ultra-Short Bond Fund and the Ultra-Short Bond Fund below replace the financial highlights appearing in the prospectus. STI CLASSIC FUNDS SELECTED DATA FOR A SHARE OF BENEFICIAL INTEREST OUTSTANDING THROUGHOUT THE PERIODS INDICATED
--------------------------------------------------------------------------------------------------------------- Net Realized and Unrealized Distributions Net Net Asset Gains Dividends from Total Asset Value, Net (Losses) Total from Net Realized Dividends Value, Beginning Investment on From Investment Capital and End of of Period Income Investments Operations Income Gains Distributions Period --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND(1) --------------------------------------------------------------------------------------------------------------- I Shares --------------------------------------------------------------------------------------------------------------- Period $ 9.95 $0.20 $(0.05) $0.15 $(0.20) $--- $(0.20) $ 9.90 Ended March 31, 2005+ --------------------------------------------------------------------------------------------------------------- Year 10.00 0.15(a) (0.05)(a) 0.10 (0.15) --- (0.15) 9.95 Ended May 31, 2004 --------------------------------------------------------------------------------------------------------------- Year 9.95 0.20 0.06 0.26 (0.20) (0.01) (0.21) 10.00 Ended May 31, 2003 --------------------------------------------------------------------------------------------------------------- Period 9.95 0.05 --- 0.05 (0.05) --- (0.05) 9.95 Ended May 31, 2002(p) --------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------- Ratio of Ratio of Expenses to Net Ratio of Average Net Expenses Net Assets Net to Investment (Excluding Assets, Average Income to Waivers, Total End of Net Average Reimbursements Portfolio Return Period Assets Net Assets and Expense Turnover (2) (000) (3) (3) Offset) (3) Rate ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND(1) ----------------------------------------------------------------------------------- I Shares ----------------------------------------------------------------------------------- Period 1.36% $49,623 0.18% 2.02% 0.71% 42% Ended March 31, 2005+ ----------------------------------------------------------------------------------- Year 1.01 77,360 0.24 1.25 0.77 109 Ended May 31, 2004 ----------------------------------------------------------------------------------- Year 2.80 95,277 0.23 1.76 0.76 87 Ended May 31, 2003 ----------------------------------------------------------------------------------- Period 0.32 28,138 0.30 2.42 0.83 34 Ended May 31, 2002(p) ----------------------------------------------------------------------------------- -----------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- Net Realized and Unrealized Distributions Net Net Asset Gains Dividends from Total Asset Value, Net (Losses) Total from Net Realized Dividends Value, Beginning Investment on From Investment Capital and End of of Period Income Investments Operations Income Gains Distributions Period --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- ULTRA-SHORT BOND FUND (1) --------------------------------------------------------------------------------------------------------------- I Shares --------------------------------------------------------------------------------------------------------------- Period $10.05 $0.15 $(0.05) $0.10 $(0.15) $--- $(0.15) $10.00 Ended March 31, 2005+ --------------------------------------------------------------------------------------------------------------- Year 10.10 0.15(a) (0.05)(a) 0.10 (0.15) --- (0.15) 10.05 Ended May 31, 2004 --------------------------------------------------------------------------------------------------------------- Year 10.00 0.20 0.10 0.30 (0.20) ---* (0.20) 10.10 Ended May 31, 2003 --------------------------------------------------------------------------------------------------------------- Period 10.00 0.05 --- 0.05 (0.05) --- (0.05) 10.00 Ended May 31, 2002(q) ---------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------- Ratio of Ratio of Expenses to Net Ratio of Average Net Expenses Net Assets Net to Investment (Excluding Assets, Average Income to Waivers, Total End of Net Average Reimbursements Portfolio Return Period Assets Net Assets and Expense Turnover (2) (000) (3) (3) Offset) (3) Rate ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- ULTRA-SHORT BOND FUND (1) ----------------------------------------------------------------------------------- I Shares ----------------------------------------------------------------------------------- Period 1.22% $ 74,259 0.31% 1.89% 0.81% 44% Ended March 31, 2005+ ----------------------------------------------------------------------------------- Year 1.01 112,453 0.31 1.50 0.86 83 Ended May 31, 2004 ----------------------------------------------------------------------------------- Year 3.16 146,590 0.31 1.84 0.86 56 Ended May 31, 2003 ----------------------------------------------------------------------------------- Period 0.30 33,730 0.36 2.44 0.91 30 Ended May 31, 2002(q) -----------------------------------------------------------------------------------
* Amount less than $0.005. (1) Financial Highlights per share amounts for the U.S. Government Securities Ultra-Short Bond Fund and the Ultra-Short Bond Fund have been restated for a 4.974874:1 reverse stock split and 5:1 reverse stock split, respectively, which occurred on April 1, 2005, for the periods ended March 31, 2005, May 31, 2004, May 31, 2003 and May 31, 2002. (2) Total return excludes sales charge. Not annualized for periods less than one year. (3) Annualized for periods less than one year. (a) Per share data was calculated using the average shares method. (p) Commenced operations on April 11, 2002. (q) Commenced operations on April 15, 2002. + Effective June 1, 2004, the Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds except for the Fund noted below:
----------------------------------------------------------------------------------------------------------------------------------- Change to Net Realized and Change to Ratio of Net Change to Net Investment Unrealized Gaines Investment Income to Income Per Share (Losses) Per Share Average Net Assets ----------------------------------------------------------------------------------------------------------------------------------- U.S. Government Securities $0.05 $(0.05) 0.24% Ultra-Short Bond Fund -----------------------------------------------------------------------------------------------------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE. SP-IRS/IBMM 606