AMERIPRIME FUNDS
497, 2000-08-01
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                               GLOBALT GROWTH FUND

                                   PROSPECTUS


                                JANUARY 31, 2000


INVESTMENT OBJECTIVE:
Provide long-term growth of capital





3060 Peachtree Road, N.W.
One Buckhead Plaza, Suite 225
Atlanta, Georgia  30305
http://www.globalt.com
877-Buy-GROWX (877-289-4769)


















THE  SECURITIES AND EXCHANGE  COMMISSION  HAS NOT APPROVED OR DISAPPROVED  THESE
SECURITIES  OR  DETERMINED  IF THIS  PROSPECTUS  IS  TRUTHFUL OR  COMPLETE.  ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.


<PAGE>


                                TABLE OF CONTENTS

                                                                            PAGE

ABOUT THE FUND                                                               3

FEES AND EXPENSES OF INVESTING IN THE FUND                                   5

HOW TO BUY SHARES                                                            6

HOW TO REDEEM SHARES                                                         8

DETERMINATION OF NET ASSET VALUE                                             9

DIVIDENDS, DISTRIBUTIONS AND TAXES                                          10

MANAGEMENT OF THE FUND                                                      10

FINANCIAL HIGHLIGHTS                                                        11

FOR MORE INFORMATION                                                BACK COVER


<PAGE>


ABOUT THE FUND

INVESTMENT OBJECTIVE

    The investment  objective of the GLOBALT Growth Fund is to provide long term
growth of capital.

PRINCIPAL STRATEGIES

       The Fund invests primarily in common stocks of larger capitalization U.S.
companies  (those  with  market  capitalizations  of $3  billion  or more)  with
multi-national  exposure. The Fund's investment adviser,  GLOBALT, Inc., selects
investments which it believes offer superior growth potential,  based on certain
fundamental and technical  standards of selection.  These standards of selection
may include o positive trends in stock analyst's estimates, o quarterly earnings
that exceed consensus forecasts by Wall Street    analysts,
o  low price-to-value ratios, and
o  superior  long term growth rate  potential as  determined  by such factors as
   recent company earnings  analysis,  cyclical  outlook,  industry analysis and
   specific company competitive advantages.

The  adviser  seeks  to  limit   investment  risk  by  diversifying  the  Fund's
investments across a broad range of economic sectors, industries and companies.

      As the  adviser  believes  exposure  to rapidly  growing  foreign  markets
enhances  growth  potential,  stocks  in the  Fund's  portfolio  will be of U.S.
companies  which  compete in both U.S. and foreign  economies  and thus,  in the
adviser's opinion,  are globally positioned for success. It is anticipated that,
in the aggregate,  the stocks in the Fund's  portfolio will derive a substantial
portion of their future business outside of the U.S.

      After  screening  for U.S.  companies  with  greater  exposure  to foreign
markets,  the  adviser  uses the  stock  selection  process  described  above to
assemble the  portfolio.  As the Fund will primarily  invest in  growth-oriented
stocks,  it is  expected  that the Fund will  generate  a total  return  that is
predominantly  derived from long term  capital  appreciation.  Although  current
income in the form of dividends is also  expected,  income is  incidental to the
Fund's principal strategies.

    The Fund may sell a security  when the  adviser  believes  that a  company's
financial and/or competitive  position is deteriorating,  the company's score in
the  adviser's  research  process  worsens,  or the adviser  identifies a better
investment opportunity.

PRINCIPAL RISKS OF INVESTING IN THE FUND

o  MANAGEMENT  RISK.  The strategy  used by the Fund's  adviser may fail to
   produce the intended results.
o  COMPANY  RISK.  The  value  of the  Fund  may  decrease  in  response  to the
   activities  and financial  prospects of an  individual  company in the Fund's
   portfolio.  The value of an individual  company can be more volatile than the
   market as a whole.

o  MARKET  RISK.  Overall  stock  market  risks may also affect the value of the
   Fund.  Factors  such as  domestic  economic  growth  and  market  conditions,
   interest rate levels,  and political events affect the securities markets and
   could cause the Fund's share price to fall.

o  FOREIGN  OPERATIONS  RISK.  Because the  companies  in which the Fund invests
   depend heavily on foreign sales,  any serious  foreign  economic or political
   problems, or significant  fluctuations in currency exchange rates, could have
   a negative impact on the Fund.

o  TURNOVER RISK.  The Fund may at times have a portfolio  turnover rate that is
   higher than other stock  funds.  Higher  portfolio  turnover  would result in
   correspondingly  greater brokerage  commission expenses (which will lower the
   Fund's total return) and may result in the  distribution  to  shareholders of
   additional capital gains for tax purposes.

o  An  investment in the Fund is not a deposit of any bank and is not insured or
   guaranteed  by  the  Federal  Deposit  Insurance  Corporation  or  any  other
   government agency.

o  The  Fund is not a  complete  investment  program.  As with any  mutual  fund
   investment, the Fund's returns will vary and you could lose money.

IS THE FUND RIGHT FOR YOU?

The Fund may be suitable for:

o  Long-term  investors  seeking  a fund  with a growth  investment  strategy  o
   Investors  willing to accept price  fluctuations in their investment
o  Investors who can tolerate the greater risks associated with common
   stock investments

GENERAL

    The  investment  objective  of the Fund may be changed  without  shareholder
approval.

    From time to time, the Fund may take temporary defensive positions which are
inconsistent with the Fund's principal investment  strategies,  in an attempt to
respond  to  adverse  market,  economic,  political,  or other  conditions.  For
example,  the Fund  may hold all or a  portion  of its  assets  in money  market
instruments,  securities of other no-load mutual funds or repurchase agreements.
If the Fund invests in shares of another  mutual fund, the  shareholders  of the
Fund generally will be subject to  duplicative  management  fees. As a result of
engaging in these  temporary  measures,  the Fund may not achieve its investment
objective.  The Fund may also invest in such instruments at any time to maintain
liquidity or pending selection of investments in accordance with its policies.

HOW THE FUND HAS PERFORMED

      The bar chart  shows  changes  in the  Fund's  returns  since  the  Fund's
inception.  The table shows how the Fund's average annual total returns  compare
over time to those of a broad-based securities market index.

    During the period  shown,  the highest  return for a quarter was 23.26% (4th
quarter, 1999); and the lowest return was -13.62% (3rd quarter, 1999).

AVERAGE ANNUAL TOTAL RETURNS:

                              One Year    Since Inception

The Fund                        27.15%           26.67%
S&P 500 Index                   21.04%           26.28%




<PAGE>


                  FEES AND EXPENSES OF INVESTING IN THE FUND

The tables  describe the fees and expenses  that you may pay if you buy and hold
shares of the Fund.

SHAREHOLDER FEES (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases .........................NONE
Maximum Deferred Sales Charge (Load)......................................NONE
Redemption Fee............................................................NONE
Exchange Fee..............................................................NONE

ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Fund assets)
Management Fees..........................................................1.17%
Distribution (12b-1) Fees.................................................NONE
Other Expenses...........................................................0.01%
Total Annual Fund Operating Expenses.....................................1.18%

Example:

      The example below is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds.  The example uses the
same assumptions as other mutual fund prospectuses: a $10,000 initial investment
for the time periods indicated,  reinvestment of dividends and distributions, 5%
annual total return,  constant operating expenses, and sale of all shares at the
end of each time period.  Although your actual expenses may be different,  based
on these assumptions your costs will be:

                  1 YEAR      3 YEARS     5 YEARS     10 YEARS
                  ------      --------    -------     --------
                   $121        $377        $652         $1,438

                                HOW TO BUY SHARES

      The  minimum  initial  investment  in the  Fund  is  $25,000  and  minimum
subsequent  investments  are $5,000.  If your  investment is aggregated  into an
omnibus  account  established  by  an  investment   adviser,   broker  or  other
intermediary, the account minimums may apply to the omnibus account, not to your
individual investment.  If you choose to purchase or redeem shares directly from
the Fund, you will not incur charges on purchases and redemptions.  However,  if
you purchase or redeem shares through a broker/dealer  or another  intermediary,
you may be charged a fee by that intermediary.

INITIAL PURCHASE

      BY MAIL-  You may make a direct initial investment by following these
steps:
o     complete and sign the investment application form which accompanies
           this Prospectus;
o     write a check (subject to the minimum amounts) made payable to the Fund;
o     mail the application and check to:

U.S. MAIL:                            OVERNIGHT:
GLOBALT Growth Fund                   GLOBALT Growth Fund
c/o Unified Fund Services, Inc.       c/o Unified Fund Services, Inc.
P.O. Box 6110                         431 North Pennsylvania Street
Indianapolis, Indiana  46206-6110     Indianapolis, Indiana  46204

      BY WIRE- You may also purchase  shares of the Fund by wiring federal funds
from your bank, which may charge you a fee for doing so. To wire money, you must
call Unified Fund Services,  Inc. the Fund's transfer agent at (877) 289-4769 to
set up your account and obtain an account number. You should be prepared at that
time to provide the information on the application. Then, provide your bank with
the following information for purposes of wiring your investment:

      Firstar Bank, N.A.
      ABA #0420-0001-3
      Attn: GLOBALT Growth Fund
      Account Name _________________(write in shareholder name)
      For the Account # ______________(write in account number)
      D.D.A.# 483889739

      You must mail a signed  application  to  Firstar  Bank,  N.A,  the  Fund's
custodian, at the above address in order to complete your initial wire purchase.
Wire  orders  will be accepted  only on a day on which the Fund,  custodian  and
transfer  agent are open for  business.  A wire  purchase will not be considered
made until the wired money is received and the purchase is accepted by the Fund.
Any delays which may occur in wiring money,  including delays which may occur in
processing by the banks, are not the  responsibility of the Fund or the transfer
agent.  There is presently  no fee for the receipt of wired funds,  but the Fund
may charge shareholders for this service in the future.

ADDITIONAL INVESTMENTS

      You may  purchase  additional  shares of the Fund at any time  (subject to
minimum investment  requirements) by mail, wire, or automatic  investment.  Each
additional mail purchase request must contain:

      -your name                -the name of your account(s)
      -your account number(s)   -a check made payable to GLOBALT Growth Fund

Checks should be sent to the GLOBALT  Growth Fund at the address listed above. A
bank wire should be sent as outlined above.

TAX SHELTERED RETIREMENT PLANS

      Since the Fund is oriented to longer-term investments,  the Fund may be an
appropriate  investment  medium for tax-sheltered  retirement plans,  including:
individual retirement plans (IRAs);  simplified employee pensions (SEPs); 401(k)
plans; qualified corporate pension and profit-sharing plans (for employees); tax
deferred  investment  plans (for  employees of public school systems and certain
types of charitable  organizations);  and other qualified  retirement plans. You
should contact the Fund's transfer agent for the procedure to open an IRA or SEP
plan, as well as more  specific  information  regarding  these  retirement  plan
options.  Please consult with an attorney or tax adviser  regarding these plans.
You must pay custodial  fees for your IRA by redemption of sufficient  shares of
the Fund from the IRA unless  you pay the fees  directly  to the IRA  custodian.
Call the Fund's transfer agent about the IRA custodial fees.

OTHER PURCHASE INFORMATION

      The Fund may  limit  the  amount of  purchases  and  refuse to sell to any
person.  If your check or wire does not clear,  you will be responsible  for any
loss incurred by the Fund. If you are already a shareholder, the Fund can redeem
shares from any identically  registered account in the Fund as reimbursement for
any loss  incurred.  You may be  prohibited  or  restricted  from making  future
purchases in the Fund.

                              HOW TO REDEEM SHARES

      You may receive redemption payments by check or federal wire transfer. The
proceeds may be more or less than the purchase  price of your shares,  depending
on the market  value of the Fund's  securities  at the time of your  redemption.
Presently there is no charge for wire redemptions;  however, the Fund may charge
for this  service  in the  future.  Any  charges  for wire  redemptions  will be
deducted  from your Fund  account by  redemption  of shares.  If you redeem your
shares through a broker/dealer or other institution, you may be charged a fee by
that institution.

      BY MAIL - You may redeem any part of your account in the Fund at no charge
by mail. Your request should be addressed to:

U.S. MAIL:                            OVERNIGHT:
GLOBALT Growth Fund :                 GLOBALT Growth Fund
c/o Unified Fund Services, Inc.       c/o Unified Fund Services, Inc.
P.O. Box 6110                         431 North Pennsylvania Street
Indianapolis, Indiana  46206-6110     Indianapolis, Indiana  46204


      Your  request for a redemption  must  include your letter of  instruction,
including the Fund name, account number,  account name(s),  the address, and the
dollar  amount or number of shares  you wish to  redeem.  This  request  must be
signed by all  registered  share  owner(s) in the exact  name(s) and any special
capacity in which they are  registered.  The Fund may require that signatures be
guaranteed by a bank or member firm of a national securities exchange. Signature
guarantees are for the protection of shareholders. At the discretion of the Fund
or the  Fund's  transfer  agent,  a  shareholder,  prior to  redemption,  may be
required to furnish additional legal documents to insure proper authorization.

      BY  TELEPHONE  - You may  redeem  any part of your  account in the Fund by
calling the Fund's transfer agent at (877) 289-4769. You must first complete the
Optional Telephone Redemption and Exchange section of the investment application
to institute this option. The Fund, the transfer agent and the custodian are not
liable  for  following  redemption  or  exchange  instructions  communicated  by
telephone that they reasonably  believe to be genuine.  However,  if they do not
employ reasonable procedures to confirm that telephone instructions are genuine,
they  may  be  liable  for  any  losses  due  to   unauthorized   or  fraudulent
instructions.  Procedures employed may include recording telephone  instructions
and requiring a form of personal identification from the caller.

      The Fund or the transfer agent may terminate the telephone  redemption and
exchange  procedures at any time. During periods of extreme market activity,  it
is possible that  shareholders  may encounter some difficulty in telephoning the
Fund,  although  neither the Fund nor the  transfer  agent has ever  experienced
difficulties  in  receiving  and in a timely  fashion  responding  to  telephone
requests for  redemptions  or exchanges.  If you are unable to reach the Fund by
telephone, you may request a redemption or exchange by mail.

      ADDITIONAL  INFORMATION - If you are not certain of the requirements for a
redemption please call the Fund's transfer agent at (877) 289-4769.  Redemptions
specifying  a  certain  date or  share  price  cannot  be  accepted  and will be
returned.  You will be mailed the  proceeds on or before the fifth  business day
following the  redemption.  However,  payment for redemption made against shares
purchased by check will be made only after the check has been  collected,  which
normally may take up to fifteen  calendar  days.  Also,  when the New York Stock
Exchange is closed (or when trading is restricted) for any reason other than its
customary weekend or holiday closing,  or under any emergency  circumstances (as
determined  by the  Securities  and  Exchange  Commission)  the Fund may suspend
redemptions or postpone payment dates.

      Because the Fund incurs  certain  fixed costs in  maintaining  shareholder
accounts,  the Fund may  require you to redeem all of your shares in the Fund on
30 days'  written  notice if the  value of your  shares in the Fund is less than
$25,000  due to  redemption,  or such  other  minimum  amount  as the  Fund  may
determine from time to time. An involuntary  redemption  constitutes a sale. You
should consult your tax adviser  concerning the tax  consequences of involuntary
redemptions.  You may  increase  the  value  of your  shares  in the Fund to the
minimum amount within the 30-day  period.  Your shares are subject to redemption
at any time if the Board of  Trustees  determines  in its sole  discretion  that
failure to so redeem may have materially  adverse  consequences to all or any of
the shareholders of the Fund.

                        DETERMINATION OF NET ASSET VALUE

      The price you pay for your  shares is based on the Fund's net asset  value
per share (NAV).  The NAV is calculated at the close of trading  (normally  4:00
p.m.  Eastern time) on each day the New York Stock Exchange is open for business
(the Stock  Exchange is closed on weekends,  Federal  holidays and Good Friday).
The  NAV is  calculated  by  dividing  the  value  of the  Fund's  total  assets
(including   interest  and  dividends   accrued  but  not  yet  received)  minus
liabilities   (including  accrued  expenses)  by  the  total  number  of  shares
outstanding.  Requests to purchase and sell shares are processed at the NAV next
calculated after we receive your order in proper form.

      The Fund's  assets are generally  valued at their market value.  If market
prices are not  available,  or if an event occurs after the close of the trading
market that  materially  affects the values,  assets may be valued at their fair
value.

                       DIVIDENDS, DISTRIBUTIONS AND TAXES

      DIVIDENDS AND DISTRIBUTIONS.  The Fund typically distributes substantially
all of its net investment  income in the form of dividends to its  shareholders.
These distributions are automatically  reinvested in the Fund unless you request
cash  distributions on your  application or through a written request.  The Fund
expects that its distributions will consist primarily of capital gains.

      TAXES. In general,  selling shares of the Fund and receiving distributions
(whether  reinvested  or taken in cash) are  taxable  events.  Depending  on the
purchase  price and the sale price,  you may have a gain or a loss on any shares
sold.  Any tax  liabilities  generated  by  your  transactions  or by  receiving
distributions  are  your  responsibility.   You  may  want  to  avoid  making  a
substantial investment when a Fund is about to make a capital gains distribution
because you would be responsible for any taxes on the distribution regardless of
how long you have owned your shares.

      Early each year,  the Fund will mail to you a statement  setting forth the
federal income tax  information for all  distributions  made during the previous
year. If you do not provide your taxpayer  identification  number,  your account
will be subject to backup withholding.

      The  tax  considerations  described  in  this  section  do  not  apply  to
tax-deferred accounts or other non-taxable entities. Because each investor's tax
circumstances  are  unique,  please  consult  with your tax  adviser  about your
investment.

                             MANAGEMENT OF THE FUND

      GLOBALT,  Inc., 3060 Peachtree Road, N.W., One Buckhead Plaza,  Suite 225,
Atlanta,  Georgia 30305,  serves as investment  adviser to the Fund. The adviser
manages large capitalization equity, medium capitalization equity,  balanced and
fixed income portfolios for a variety of tax-exempt and taxable clients.  During
the fiscal year ended October 31, 1999, the Fund paid the adviser a fee equal to
1.17% of its average daily net assets.

      The  investment  decisions  for the Fund are  made by a  committee  of the
adviser,  which is primarily  responsible  for the day-to-day  management of the
Fund's portfolio.

      The Fund's  adviser pays all of the operating  expenses of the Fund except
brokerage,  taxes, interest, fees and expenses of non-interested person trustees
and  extraordinary  expenses.  In this  regard,  it  should  be noted  that most
investment companies pay their own operating expenses directly, while the Fund's
expenses,  except those specified  above,  are paid by the adviser.  The adviser
(not the Fund) may pay certain financial  institutions (which may include banks,
brokers,  securities dealers and other industry professionals) a "servicing fee"
for performing  certain  administrative  functions for Fund  shareholders to the
extent these  institutions are allowed to do so by applicable  statute,  rule or
regulation.


<PAGE>


                              FINANCIAL HIGHLIGHTS

      The following condensed supplementary financial information for the period
December 1, 1995  (commencement  of operations) to October 31, 1996, and for the
fiscal years ended  October 31, 1997,  1998 and 1999 is derived from the audited
financial statements of the Fund. The financial statements of the Fund have been
audited by McCurdy & Associates CPA's, Inc., independent public accountants, and
are included in the Fund's Annual Report. The Annual Report contains  additional
performance information and is available upon request and without charge.
<TABLE>
<CAPTION>

                                          FOR THE PERIODS ENDED OCTOBER 31

                                         ---------------------------------
                                           1999        1998        1997      1996 (a)
                                         ---------   ---------   ---------   ---------
                                         ---------   ---------   ---------   ---------
SELECTED PER SHARE DATA

<S>                                      <C>         <C>         <C>        <C>
Net asset value, beginning of period       $16.14      $15.66      $12.48     $10.00
                                         ---------   ---------   ---------   ---------
Income from investment operations:
  Net investment income (loss)              (0.05)      0.02        0.01        0.01
  Net realized and unrealized gain           4.27       1.86        3.34        2.47
                                         ---------   ---------   ---------   ---------
Total from investment operations             4.22        1.88        3.35        2.48
                                         ---------   ---------   ---------   ---------
Less Distributions
  From net investment income                (0.02)      (0.01)      -           -
  From net realized gain                    (0.81)      (1.39)      (0.17)        -
                                         ---------   ---------   ---------   ---------
Total Distributions                         (0.83)      (1.40)      (0.17)      -
                                         ---------   ---------   ---------   ---------

Net asset value, end of period             $19.53      $16.14       $15.66    $12.48
                                         =========   =========   =========   =========

TOTAL RETURN (b)                           26.67%      13.28%      27.15%      24.80%

RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000)           $16,934     $11,709      $8,003      $3,443
Ratio of expenses to average net assets     1.17%       1.17%       1.17%       1.16% (c)
Ratio of expenses to average net assets
  before reimbursement                      1.18%       1.19%       1.19%       1.25% (c)
Ratio of net investment income (loss) to
  average net assets                      (0.27)%       0.14%       0.06%       0.11% (c)
Ratio of net investment income (loss) to
  average net assets before               (0.28)%       0.12%       0.04%       0.02% (c)
  reimbursement
Portfolio turnover rate                   120.46%      83.78%     110.01%      66.42% (c)

(a)  December 1, 1995 (commencement of operations) to October 31, 1996
(b)  For periods of less than a full year, total returns are not annualized.
(c)  Annualized
</TABLE>


<PAGE>


FOR MORE INFORMATION

    Several  additional  sources  of  information  are  available  to  you.  The
Statement of Additional Information (SAI),  incorporated into this prospectus by
reference,  contains  detailed  information  on Fund  policies  and  operations.
Shareholder  reports  contain  management's  discussion  of  market  conditions,
investment   strategies  and  performance   results  as  of  the  Fund's  latest
semi-annual or annual fiscal year end.

      Call the Fund at  877-Buy-Growx  (877-289-4769)  to request free copies of
the SAI and  the  Fund's  annual  and  semi-annual  reports,  to  request  other
information about the Fund and to make shareholder inquiries.

      You may review and copy information  about the Fund (including the SAI and
other reports) at the Securities and Exchange  Commission (SEC) Public Reference
Room in  Washington,  D.C.  Call the SEC at  1-202-942-8090  for room  hours and
operation.  You may also obtain reports and other  information about the Fund on
the EDGAR Database on the SEC's Internet site at http.//www.sec.gov,  and copies
of this  information  may be  obtained,  after  paying  a  duplicating  fee,  by
electronic  request at the following e-mail address:  [email protected],  or by
writing  the  SEC's  Public  Reference  Section  of the  SEC,  Washington,  D.C.
20549-0102.

Investment Company Act #811-9096



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