0001413042-21-000207.txt : 20210308 0001413042-21-000207.hdr.sgml : 20210308 20210308165303 ACCESSION NUMBER: 0001413042-21-000207 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210308 EFFECTIVENESS DATE: 20210308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUE CHIP INVESTOR FUNDS CENTRAL INDEX KEY: 0001162127 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-10571 FILM NUMBER: 21722636 BUSINESS ADDRESS: STREET 1: 1939 FRIENDSHIP DRIVE, STE C CITY: EL CAJON STATE: CA ZIP: 92020 BUSINESS PHONE: 619 588 9700 MAIL ADDRESS: STREET 1: 1939 FRIENDSHIP DRIVE, STE C CITY: EL CAJON STATE: CA ZIP: 92020 0001162127 S000004808 Blue Chip Investor Fund C000013026 Blue Chip Investor Fund BCIFX N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0001162127 XXXXXXXX N-1A S000004808 true BLUE CHIP INVESTOR FUNDS 811-10571 0001162127 549300E7ODDEZWE85417 1939 FRIENDSHIP DRIVE, SUITE C EL CAJON 92020 US-CA US 6195889700 BLUE CHIP INVESTOR FUNDS 1939 FRIENDSHIP DRIVE, SUITE C EL CAJON 92020 6195889700 All accounts, books and documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 thereunder are maintained at the office of the Registrant except all those relating to the activities of the Fund's Custodian, Transfer Agent and Shareholder Servicing Agent. MUTUAL SHAREHOLDER SERVICES, LLC 8000 TOWN CENTRE DRIVE, SUITE 400 BROADVIEW HEIGHTS 44147 440-922-0066 All accounts, books and documents required to be maintained by the Transfer Agent, Fund Accounting Agent and Shareholder Servicing Agent pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3. US BANK, N.A. 425 WALNUT STREET CINCINNATI 45202 513-632-4140 All accounts, books and documents all those relating to the activities of the Fund's Custodian. N N N N-1A 1 Y ROSS C. PROVENCE 002519462 Y JEFFREY R. PROVENCE 002619467 Y ALLEN C. BROWN N/A N GEORGE COSSOLIAS N/A N JOCK MEEKS 001259496 575 Anton Blvd., Ste. 500 Costa Mesa 92626 XXXXXX N N N N N N N N N COHEN & COMPANY, LTD. 925 N/A N N N N N N N BLUE CHIP INVESTOR FUND S000004808 5493007UXCE8ETXHT840 N 1 0 0 N/A Y N Y N N/A N/A N/A N/A Y Y N N CHECK CAPITAL MANAGEMENT INC. 801-29001 000107058 N/A N MUTUAL SHAREHOLDER SERVICES, LLC 084-05821 549300TSNG2XMCUGTB05 N N N FIS N/A N N U.S. BANK, NA 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N MUTUAL SHAREHOLDER SERVICES, LLC 549300TSNG2XMCUGTB05 N N N PREMIER FUND SOLUTIONS, INC. N/A Y N N CHARLES SCHWAB & CO., INC. 008-16514 000005393 549300ZP8XN77GK5BS04 225 225 0 N 32771880 Committed 8500000 N N N false false true false false false INTERNAL CONTROL RPT 2 bluechipncen.htm Blue Chip Investor Fund


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Shareholders and Board of Trustees of

Blue Chip Investor Fund


In planning and performing our audit of the financial statements of Blue Chip Investor Fund (the “Fund”) as of and for the year ended December 31, 2020, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.


The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.  


Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.


Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2020.


This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


/s/Cohen & Company, Ltd.

COHEN & COMPANY, LTD.

Cleveland, Ohio

February 19, 2021