April 5, 2004 — The STI Classic Fds Small Cap Value Equity/T Fund (SCETX) will close to new investors at the end of the month to keep its assets from growing to the point where they hurt its performance.
As a result of the closing, STI Classic Funds said it will waive all but the portion of the fund’s marketing and distribution, or 12b-1 fee, related to servicing shareholder accounts, thereby reducing the fee to 0.25%.