Martin Focused Value Fund to invest in undervalued companies

By Toni Weeks

San Diego, Feb. 8 - Unified Series Trust announced in an N-1A filing with the Securities and Exchange Commission that it is planning a new fund that will invest in undervalued companies.

The Martin Focused Value Fund will seek long-term growth of capital. In selecting the stocks for the portfolio, Elkhart, Ind.-based Martin Capital Management, LLC, the fund's investment adviser, will focus on three variables that it believes drives the long-term performance of a company's stock: the quality of the business, the quality of the management running the business and the price of the stock.

Frank K. Martin, chief executive officer of Martin Capital, will serve as the sole portfolio manager.

The fund plans to launch with institutional class and retail class shares. Ticker symbols have not yet been set.

Shareholder fees will consist of a 2% redemption fee for both share classes, and both will incur a management fee of 0.9%. Including other fees and expenses, and taking into account a fee waiver agreement with the adviser that will expire June 30, 2015, the total annual fund operating expenses are expected to be 1% and 1.4% for institutional class and retail class shares, respectively.

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