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BARR ROSENBERG SERIES TRUST (THE "COMPANY")
SUPPLEMENT DATED JANUARY 2, 1997
TO PROSPECTUS DATED AUGUST 5, 1996
This Supplement is provided to update, and should be read in conjunction
with, the information provided in the Prospectus.
Effective January 1, 1997 BISYS Fund Services Limited Partnership, d/b/a
BISYS Fund Services ("BISYS Fund Services") became the successor Administrator
and Fund Accounting Agent to Furman Selz LLC. The Company's new principal place
of business is 3435 Stelzer Road, Columbus, Ohio 43219. BISYS Fund Services
will perform the same services as Furman Selz LLC, at the identical fees. All
references to Furman Selz LLC in the Prospectus shall refer to BISYS Fund
Services.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING MULTIPLE CLASSES:
The amount in the "Minimum Fund Investment" column regarding Select Shares,
in the table following the first paragraph, is now $2,500.
SELECT SHARES (The first two sentences of this paragraph now read as follows):
Select Shares may be purchased by intermediary financial institutions and
certain individual retirement accounts and individuals. In order to be eligible
to purchase Select Shares, an eligible investor must make an initial investment
of at least $2,500 in the particular Fund.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING RETIREMENT PLAN ACCOUNTS (This
section now reads as follows):
Shares of all Funds may be used as a funding medium for IRAs and other
qualified retirement plans ("Plans"). The minimum initial investment for an IRA
or a Plan is $2,500. A special application must be completed in order to create
such an account. Contributions to IRAs are subject to prevailing amount limits
set by the Internal Revenue Service. For more information about IRAs and other
Plan accounts, call the Trust at 1-800-447-3332.
SUPPLEMENT DATED NOVEMBER 11, 1996
TO PROSPECTUS DATED AUGUST 5, 1996
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING PURCHASE OF SHARES: (The last two
sentences of the first paragraph now read as follows):
Reinvestments of dividends and capital gains distributions paid by the
Funds, in-kind investments and investments made through the Barr Rosenberg
Automatic Investment Program are not subject to a Fund Reimbursement Fee. Also,
investors may be charged an additional fee if they effect transactions through
their particular broker or agent.
SUPPLEMENT DATED OCTOBER 14, 1996
TO PROSPECTUS DATED AUGUST 5, 1996
Effective October 12, 1996 BISYS Fund Services became the successor
Transfer Agent to Furman Selz LLC. BISYS Fund Services' principal place of
business is 3435 Stelzer Road, Columbus, Ohio 43219. BISYS Fund Services will
perform the same services as Furman Selz LLC, at the identical fees. All
references to Furman Selz LLC as Transfer Agent in the Prospectus shall refer to
BISYS Fund Services.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING MULTIPLE CLASSES:
GENERAL (The following sentence is added at the end of the first paragraph):
For the current fiscal year, the Distribution Fee and the Shareholder
Service Fee will be waived for those Shareholders who purchase shares directly
from the Trust.
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PLEASE NOTE THE FOLLOWING REVISIONS REGARDING PURCHASE OF SHARES:
INITIAL CASH INVESTMENTS BY WIRE (This section now reads as follows):
Subject to acceptance by the Trust, shares of each Fund may be purchased by
wiring federal funds. Please call 1-800-447-3332 for complete wiring
instructions. A completed Account Application must be overnighted to the Trust
at Barr Rosenberg Series Trust c/o BISYS Fund Services, Inc., 3435 Stelzer Road,
Columbus, Ohio 43219-8021. Notification must be given to the Trust at 1-800-
447-3332 prior to 4:00 p.m., New York Time, of the wire date. Federal funds
purchases will be accepted only on a day on which the Trust, the Distributor and
the custodian bank are all open for business.
INITIAL CASH INVESTMENTS BY MAIL (The first paragraph of this section now reads
as follows):
Subject to acceptance by the Trust, an account may be opened by completing
and signing an Account Application and mailing it to Barr Rosenberg Series
Trust, P.O. Box 182495, Columbus, Ohio 43218-2495.
ADDITIONAL CASH INVESTMENTS (The section now reads as follows):
Additional cash investments may be made at any time by mailing a check to
the Trust at the address noted under "Initial Cash Investments by Mail" (payable
to Barr Rosenberg Series Trust) or by wiring monies as noted under "Initial Cash
Investments by Wire". Notification must be given at 1-800-447-3332 prior to
4:00 p.m., New York Time, of the wire date. The minimum amounts for additional
cash investments are $10,000 for Institutional Shares, $1,000 for Adviser Shares
and $500 for Select Shares.
OTHER PURCHASE INFORMATION (The second paragraph of this section now reads as
follows):
For purposes of calculating the purchase price of Fund shares, a purchase
order is received by the Trust on the day that it is in "good order" unless it
is rejected by the Distributor. For a purchase order to be in "good order" on a
particular day a check or money wire must be received on or before 4:00 p.m.,
New York Time (in the case of Adviser Shares or Select Shares), of that day or,
in the case of Institutional Shares, the investor's securities must be placed on
deposit at The Depository Trust Company prior to 10:00 a.m., New York Time or,
in the case of cash investments, the Trust must have received adequate
assurances that federal funds will be wired to the Fund prior to 4:00 p.m., New
York Time, on the following business day. If the consideration is received by
the Trust after the deadline, the purchase price of Fund shares will be based
upon the next determination of net asset value of Fund shares. No third party
or foreign checks will be accepted and no share certificates will be issued.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING RETIREMENT PLAN ACCOUNTS (This
section now reads as follows):
Shares of all Funds may be used as a funding medium for IRAs and other
qualified retirement plans ("Plans"). The minimum initial investment for an IRA
or a Plan is $10,000. A special application must be completed in order to
create such an account. Contributions to IRAs are subject to prevailing amount
limits set by the Internal Revenue Service. For more information about IRAs and
other Plan accounts, call the Trust at 1-800-447-3332.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING REDEMPTION OF SHARES:
BY MAIL (The first paragraph of this section now reads as follows):
The Trust will redeem its shares at the net asset value next determined
after the request is received in "good order" and will deduct from the proceeds
the applicable Fund Reimbursement Fee. The net asset values per share of the
Funds are determined as of 4:00 p.m., New York Time, on each day that the New
York Stock Exchange, the Trust and the Distributor are open for business.
Requests should be addressed to Barr Rosenberg Series Trust, P.O. Box 182495,
Columbus, Ohio 43218-2495.
BY TELEPHONE (The following sentence is added at the end of this section):
Telephone Redemption and Telephone Exchange will be suspended for a period
of 10 days following a telephonic address change.
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FURTHER REDEMPTION INFORMATION (The first paragraph of this section now reads
as follow):
Purchases of shares of the Trust made by check are not permitted to be
redeemed until payment of the purchase has been collected, which may take up to
fifteen days after purchase. Shareholders can avoid this delay by utilizing the
wire purchase option.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING EXCHANGE OF FUND SHARES:
EXCHANGE BY MAIL
The last sentence of this paragraph regarding signature guarantees is
deleted.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING DETERMINATION OF NET ASSET VALUE
(The first sentence of this section now reads as follows):
With the exception of the Japan Series, the net asset value of each class
of shares of each Fund will be determined once on each day on which the New York
Stock Exchange is open as of 4:00 p.m., New York Time.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING DISTRIBUTIONS (The following is
added at the end of this section):
If you elect to receive distributions in cash and checks (1) are returned
and marked as "undeliverable" or (2) remain uncashed for six months, your cash
election will be changed automatically and your future dividend and capital
gains distributions will be reinvested in the Fund at the per share net asset
value determined as of the date of payment of the distribution. In addition,
any undeliverable checks or checks that remain uncashed for six months will be
canceled and will be reinvested in the Fund at the per share net asset value
determined as of the date of cancellation.
SHAREHOLDER INQUIRIES (This section now reads as follows):
Shareholders may direct inquiries to the Trust at Barr Rosenberg Series
Trust, P.O. Box 182495, Columbus, Ohio 43218-2495.
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THE ABOVE REVISIONS ARE EFFECTIVE IMMEDIATELY. EXCEPT AS INDICATED IN THIS
SUPPLEMENT, ALL PROCEDURES DESCRIBED IN THE TRUST'S PROSPECTUS REMAIN IN EFFECT.
