UAM FUNDS TRUST
BHM&S TOTAL RETURN BOND PORTFOLIO
INSTITUTIONAL CLASS SHARES
SUPPLEMENT DATED MAY 1, 1996 TO THE PROSPECTUS DATED APRIL 25, 1995
AS REVISED OCTOBER 31, 1995
FINANCIAL HIGHLIGHTS
(Unaudited)
The following table provides financial highlights for the
BHM&S Total Return Bond Portfolio (the "Portfolio") throughout
the period presented and is part of the Portfolio's unaudited
financial statements for the period ended March 31, 1996 which is
included in the Portfolio's Statement of Additional Information.
The Statement of Additional Information and the financial
statements therein are available at no cost and can be requested
by writing to the address or calling the telephone number on the
cover of the Prospectus. The following should be read in
conjunction with the financial statements including the notes
thereto.
November 1, 1995**
to March 31, 1996
(Unaudited)
- ------------------------------------------------------------------
NET ASSET VALUE, BEGINNING OF PERIOD $10.00
- ------------------------------------------------------------------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income+ 0.23
Net Realized and Unrealized Gain (Loss)
on Investments (0.15)
- ------------------------------------------------------------------
Total from Investment Operations 0.08
- ------------------------------------------------------------------
DISTRIBUTIONS
Net Investment Income (0.08)
- ------------------------------------------------------------------
NET ASSET VALUE, END OF PERIOD $10.00
==================================================================
TOTAL RETURN++ (1.58)%
==================================================================
RATIOS AND SUPPLEMENTAL DATA
Net Assets, End of Period (Thousands) $2,484
Ratio of Expenses to Average Net Assets 0.55%*
Ratio of Net Investment Income to Average
Net Assets 5.40%*
Portfolio Turnover Rate 60%
- ------------------------------------------------------------------
* Annualized
** Commencement of Operations
+ Net of voluntarily waived fees and reimbursed expenses of $.15
per share for the period ended March 31, 1996.
++ Total return would have been lower had the Adviser not waived
and assumed certain expenses during the period.
<PAGE>
UAM FUNDS TRUST
BHM&S TOTAL RETURN BOND PORTFOLIO
INSTITUTIONAL SERVICE CLASS SHARES
SUPPLEMENT DATED MAY 1, 1996 TO THE PROSPECTUS DATED APRIL 25, 1995
AS REVISED OCTOBER 31, 1995
FINANCIAL HIGHLIGHTS
(Unaudited)
The following table provides financial highlights for the
BHM&S Total Return Bond Portfolio (the "Portfolio") throughout
the period presented and is part of the Portfolio's unaudited
financial statements for the period ended March 31, 1996 which is
included in the Portfolio's Statement of Additional Information.
The Statement of Additional Information and the financial
statements therein are available at no cost and can be requested
by writing to the address or calling the telephone number on the
cover of the Prospectus. The following should be read in
conjunction with the financial statements including the notes
thereto.
November 1, 1995**
to March 31, 1996
(Unaudited)
- ------------------------------------------------------------------
NET ASSET VALUE, BEGINNING OF PERIOD $10.00
- ------------------------------------------------------------------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income+ 0.13
Net Realized and Unrealized Gain (Loss)
on Investments (0.07)
- ------------------------------------------------------------------
Total from Investment Operations 0.06
- ------------------------------------------------------------------
DISTRIBUTIONS
Net Investment Income (0.08)
- ------------------------------------------------------------------
NET ASSET VALUE, END OF PERIOD $9.98
==================================================================
TOTAL RETURN++ (1.77)%
==================================================================
RATIOS AND SUPPLEMENTAL DATA
Net Assets, End of Period (Thousands) $2,806
Ratio of Net Expenses to Average Net Assets 0.80%*
Ratio of Net Investment Income to Average
Net Assets 5.21%*
Portfolio Turnover Rate 60%
- ------------------------------------------------------------------
* Annualized
** Commencement of Operations
+ Net of voluntarily waived fees and reimbursed expenses of $.06
per share for the period ended March 31, 1996.
++ Total return would have been lower had the Adviser not waived
and assumed certain expenses during the period.
<PAGE>
UAM FUNDS TRUST
IRC ENHANCED INDEX PORTFOLIO
INSTITUTIONAL CLASS SHARES
SUPPLEMENT DATED JULY 1, 1996 TO THE PROSPECTUS DATED MARCH 31, 1995
AS REVISED OCTOBER 31, 1995
FINANCIAL HIGHLIGHTS
The following table provides financial highlights for the
IRC Enhanced Index Portfolio (the "Portfolio") throughout the
periods presented and is part of the Portfolio's audited and
unaudited financial statements for the periods ended April 30,
1996 and May 31, 1996, respectively, which are included in the
Portfolio's Statement of Additional Information. The Statement
of Additional Information and the financial statements therein
are available at no cost and can be requested by writing to the
address or calling the telephone number on the cover of the
Prospectus. The following should be read in conjunction with the
financial statements including the notes thereto.
One Month
January 23, Ended
1996* to May 31,
April 30, 1996
1996 (Unaudited)
- -------------------------------------------------------------------
NET ASSET VALUE, BEGINNING OF PERIOD $10.00 $10.30
- -------------------------------------------------------------------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income+ 0.02 0.02
Net Realized and Unrealized Gain on
Investments 0.30 0.28
- -------------------------------------------------------------------
Total from Investment Operations 0.32 0.30
- -------------------------------------------------------------------
DISTRIBUTIONS
Net Investment Income (0.02) --
- -------------------------------------------------------------------
NET ASSET VALUE, END OF PERIOD $10.30 $10.60
===================================================================
TOTAL RETURN 3.20%++ 2.91%++
===================================================================
RATIOS AND SUPPLEMENTAL DATA
Net Assets, End of Period (Thousands) $3,933 $3,523
Ratio of Net Expenses to Average Net
Assets+ 2.52%**# 2.50%**
Ratio of Net Investment Income to
Average Net Assets+ 0.67%** 2.37%**
Portfolio Turnover Rate 31% 41%
Average Commission Rate $0.0205 $0.0284
- -------------------------------------------------------------------
* Commencement of Operations
** Annualized
+ Net of voluntarily waived fees and expenses assumed by the
Adviser of $0.03 per share for the period ended April 30, 1996.
++ Total return would have been lower had certain fees not been
waived and expenses assumed by the Adviser.
# The Ratio of Expenses to Average Net Assets excludes the
effect of expense offsets. If expense offsets were included,
the Ratio of Expenses to Average Net Assets would be 2.50%.
