THE ADVISORS' INNER CIRCLE FUND II
HANCOCK HORIZON VALUE FUND
HANCOCK HORIZON GROWTH FUND
HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND
HANCOCK HORIZON BURKENROAD SMALL CAP FUND
HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND
(TOGETHER, THE "FUNDS")
SUPPLEMENT DATED FEBRUARY 12, 2014
TO THE
INSTITUTIONAL CLASS, CLASS A AND CLASS C SHARES PROSPECTUS (THE "PROSPECTUS")
AND
STATEMENT OF ADDITIONAL INFORMATION (THE "SAI"),
EACH DATED MAY 31, 2013
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED
IN THE PROSPECTUS AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS
AND SAI.
Effective February 12, 2014, Fund investments of $1,000,000 or more redeemed
within 18 months of purchase may be subject to a contingent deferred sales
charge (CDSC) of up to 0.75%. Accordingly, the Prospectus and SAI are revised as
follows:
1. Under the heading "Shareholder Fees (fees paid directly from your
investment)" in the "Fund Fees and Expenses" sections of the Fund Summary
sections of the Prospectus, the "Class A Shares" column is hereby deleted
and replaced with the following:
CLASS A SHARES
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) 5.25%
--------------------------------------------------------------------------------
Maximum Deferred Sales Charge (Load)
(as a percentage of net asset value) 0.75%(1)
--------------------------------------------------------------------------------
Maximum Sales Charge (Load) Imposed on Reinvested
Dividends and Other Distributions (as a percentage
of offering price) None
--------------------------------------------------------------------------------
Redemption Fee (as a percentage of amount redeemed,
if applicable) None
--------------------------------------------------------------------------------
Exchange Fee None
--------------------------------------------------------------------------------
|
(1) Contingent deferred sales charge (CDSC) on certain investments of
$1,000,000 or more redeemed within 18 months of purchase.
2. In the "Sales Charges" section of the Prospectus, the third sentence under
the subsection entitled "Contingent Deferred Sales Charges (CDSC) - Class A
Shares" on page 58 is hereby deleted and replaced with the following:
If you purchase $1,000,000 or more of Class A Shares and sell your shares within
18 months after your purchase, you may pay a CDSC of up to 0.75% on the lesser
of (1) the NAV of the shares at the time of purchase or (2) the NAV of the
shares next calculated after the Fund receives your sale request.
3. In the "Distributor" section of the SAI, the existing footnote references
in the table under the heading "Dealer Reallowances" on page 54 are hereby
deleted and replaced with a reference to the "$1,000,000 and over" column.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
HHF-SK-013-0100
THE ADVISORS' INNER CIRCLE FUND II
HANCOCK HORIZON U.S. SMALL CAP FUND
(THE "FUND")
SUPPLEMENT DATED FEBRUARY 12, 2014
TO THE
INSTITUTIONAL CLASS, CLASS A AND CLASS C SHARES PROSPECTUS (THE "PROSPECTUS")
AND
STATEMENT OF ADDITIONAL INFORMATION (THE "SAI"),
EACH DATED DECEMBER 23, 2013
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SAI, AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS
AND SAI.
Effective February 12, 2014, Fund investments of $1,000,000 or more redeemed
within 18 months of purchase may be subject to a contingent deferred sales
charge (CDSC) of up to 0.75%. Accordingly, the Prospectus and SAI are revised as
follows:
1. In the "Fund Fees and Expenses" section of the Prospectus, the
"Shareholder Fees (fees paid directly from your investment)" table on page
1 is hereby deleted and replaced with the following:
------------------------------------------------------------------------------------------------------------------------------------
INSTITUTIONAL CLASS
SHARES CLASS A SHARES CLASS C SHARES
------------------------------------------------------------------------------------------------------------------------------------
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) None 5.25% None
------------------------------------------------------------------------------------------------------------------------------------
Maximum Deferred Sales Charge (Load)
(as a percentage of net asset value) None 0.75%(1) None
------------------------------------------------------------------------------------------------------------------------------------
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other
Distributions (as a percentage of offering price) None None None
------------------------------------------------------------------------------------------------------------------------------------
Redemption Fee (as a percentage of amount redeemed, if applicable) None None None
------------------------------------------------------------------------------------------------------------------------------------
Exchange Fee None None None
------------------------------------------------------------------------------------------------------------------------------------
|
(1) Contingent deferred sales charge (CDSC) on certain investments of
$1,000,000 or more redeemed within 18 months of purchase.
2. In the "Sales Charges" section of the Prospectus, the following footnote
is added to the last row of the table under the heading "Front-End Sales
Charges - Class A Shares" on page 12:
(1) If you are in a category of investors who may purchase Fund shares without
a front-end sales charge, you will be subject to the following deferred
sales charges if you redeem your shares within 18 months of purchase: 0.75%
on a purchase of $1,000,000 but less than $4,000,000 of Class A Shares;
0.50% on a purchase of $4,000,000 but less than $50 million of Class A
Shares; and 0.25% on a purchase of Class A Shares over $50 million.
3. In the "Sales Charges" section of the Prospectus, the following sentence
is hereby added after the second sentence in the "General Information about
Sales Charges" subsection on page 13:
The Distributor may pay dealers up to 0.75% on aggregate investments of
$1,000,000 or more in Class A Shares of the Fund.
4. The following subsection is hereby added to the end of the "Sales Charges"
section of the Prospectus:
CONTINGENT DEFERRED SALES CHARGES (CDSC) - CLASS A SHARES
You will not pay a front-end sales charge if you purchase $1,000,000 or more of
Class A Shares. In these circumstances, the offering price of Class A Shares is
the NAV. If you purchase $1,000,000 or more of Class A Shares and sell your
shares within 18 months after your purchase, you may pay a CDSC of up to 0.75%
on the lesser of (1) the NAV of the shares at the time of purchase or (2) the
NAV of the shares next calculated after the Fund receives your sale request. The
sales charge does not apply to shares you purchase through a fee-based account
or trust account or through reinvestment of dividends or distributions. So, you
never pay a deferred sales charge on any increase in your investment above the
initial offering price. This sales charge does not apply to exchanges of Class A
Shares of the Fund for Class A Shares of another Hancock Horizon Fund.
5. In the "Distributor" section of the SAI, the following footnote is added
to the last column of the table under the heading "Dealer Reallowances" on
page S-32:
(1) If you are in a category of investors who may purchase Fund shares without
a front-end sales charge, you will be subject to the following deferred
sales charges if you redeem your shares within 18 months of purchase: 0.75%
on a purchase of $1,000,000 but less than $4,000,000 of Class A Shares;
0.50% on a purchase of $4,000,000 but less than $50 million of Class A
Shares; and 0.25% on a purchase of Class A Shares over $50 million.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
HHF-SK-014-0100