-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, VtPnxXfOFCPWev4ACny6Eo+5tdlL0YrWp5tIbNJSo3BzNrtDoVxlt8+vc1gVvvib 41pkKJ51Yperj5wELZtHgg== 0000820027-95-000293.txt : 19950509 0000820027-95-000293.hdr.sgml : 19950509 ACCESSION NUMBER: 0000820027-95-000293 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950508 EFFECTIVENESS DATE: 19950508 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS SELECTIVE FUND INC CENTRAL INDEX KEY: 0000052407 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410839316 STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-10700 FILM NUMBER: 95535424 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS SELECTIVE FUND INC DATE OF NAME CHANGE: 19841002 485BPOS 1 IDS SELECTIVE FUND, INC. PAGE 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Post-Effective Amendment No. 82 (File No. 2-10700) X and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 32 (File No. 811-499) X IDS SELECTIVE FUND IDS Tower 10, Minneapolis, MN 55440 Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 (612) 330-9283 Approximate Date of Proposed Public Offering: It is proposed that this filing will become effective (check appropriate box) X immediately upon filing pursuant to paragraph (b) on (date) pursuant to paragraph (b) 60 days after filing pursuant to paragraph (a)(i) on (date) pursuant to paragraph (a)(i) 75 days after filing pursuant to paragraph (a)(ii) on (date) pursuant to paragraph (a)(ii) of rule 485. If appropriate, check the following box: this post-effective amendment designates a new effective date for a previously filed post-effective amendment. The Registrant has registered an indefinite number or amount of securities under the Securities Act of 1933 pursuant to Section 24(f) of the Investment Company Act of 1940. Registrant's Rule 24f-2 Notice for its most recent fiscal year ended November 30, 1994 was filed on or about Jan. 27, 1995. PAGE 2 Cross reference sheet showing location in the prospectus and the statement of additional information of the information called for by the items enumerated in Parts A and B of Form N-1A. Negative answers omitted from prospectus are so indicated.
PART A PART B Section Section in Item No. in Prospectus Item No. Statement of Additional Information 1 Cover page of prospectus 10 Cover page of SAI 2 The fund in brief; Sales charge and fund 11 Table of Contents expenses 12 NA 3(a) Financial highlights (b) NA 13(a) Additional Investment Policies; all (c) Performance appendices except Dollar-Cost Averaging (d) Financial highlights (b) Additional Investment Policies (c) Additional Investment Policies 4(a) The fund in brief; Investment policies and (d) Portfolio Transactions risks; How the fund is organized (b) Investment policies and risks 14(a) Directors and officers of the fund;** (c) Investment policies and risks Directors and officers (b) Directors and Officers 5(a) Directors and officers; Directors and (c) Directors and Officers officers of the fund (listing) (b) How the fund is organized; About American 15(a) NA Express Financial Corporation (b) NA (b)(i) About American Express Financial (c) Directors and Officers Corporation -- General Information (b)(ii) Investment manager and transfer agent 16(a)(i) How the fund is organized; About American (b)(iii) Investment manager and transfer agent Express Financial Corporation** (c) Portfolio manager (a)(ii) Agreements: Investment Management Services (d) The fund in brief Agreement, Plan and Supplemental (e) Investment manager and transfer agent Agreement of Distribution (f) Distributor (a)(iii) Agreements: Investment Management Services Agreement (g) Investment manager and transfer agent (b) Agreements: Investment Management Services Agreement (c) NA 5A(a) * (d) Agreements: Administrative Services (b) * Agreement, Shareholder Service Agreement (e) NA 6(a) Shares; Voting rights (f) Agreements: Distribution Agreement (b) NA (g) NA (c) NA (h) Custodian; Independent Auditors (d) Voting Rights (i) Agreements: Transfer Agency Agreement; Custodian (e) Cover page; Special shareholder services (f) Dividends and capital gains distributions; 17(a) Portfolio Transactions Reinvestments (b) Brokerage Commissions Paid to Brokers Affiliated (g) Taxes with American Express Financial Corporation (c) Portfolio Transactions 7(a) Distributor (d) Portfolio Transactions (b) Key terms; Valuing assets (e) Portfolio Transactions (c) How to buy, exchange or sell shares (d) How to buy shares 18(a) Shares and Voting rights** (e) NA (b) NA (f) Distributor 19(a) Investing in the Fund 8(a) How to sell shares (b) Valuing Fund Shares; Investing in the Fund (b) NA (c) NA (c) How to buy shares: Three ways to invest (d) How to buy, exchange or sell shares: 20 Taxes Redemption policies -- "Important..." 21(a) Agreements: Distribution Agreement 9 None (b) Agreements: Distribution Agreement (c) NA 22(a) Performance Information (for money market funds only) (b) Performance Information (for all funds except money market funds) 23 Financial Statements *Designates information is located in annual report. **Designates page number in prospectus. /TABLE PAGE 3 PART A. Registrant's effective prospectus to this registration statement is hereby incorporated by reference. PART B. Registrant's effective statement of additional information for this registration statement is hereby incorporated by reference. PART C. OTHER INFORMATION Item 24. Financial Statements and Exhibits. (a) FINANCIAL STATEMENTS: These financial statements filed electronically as Item 24(a) to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 are incorporated herein by reference. o Independent Auditors' Report dated January 6, 1995 o Statement of Assets and Liabilities, November 30, 1994 o Statement of Operations, Year ended November 30, 1994 o Statement of Changes in Net Assets, for the two-year period ended November 30, 1993 and November 30, 1994 o Notes to Financial Statements o Investments in Securities, November 30, 1994 o Notes to Investments in Securities (b) EXHIBITS: 1. Articles of Incorporation, as amended October 17, 1988, filed electronically as Exhibit 1 to Registrant's Post-Effective Amendment No. 69 to Registration Statement No. 2-10700, is incorporated herein by reference. 2. By-laws, as amended January 12, 1989, filed electronically as Exhibit 2 to Registrant's Post-Effective Amendment No. 69 to Registration Statement No. 2-10700, is incorporated herein by reference. 3. Not Applicable. 4. Stock certificate, filed as Exhibit 3 to Registrant's Form N- 1Q for the calendar quarter ended September 30, 1979, is incorporated herein by reference. 5. Form of Investment Management and Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, filed electronically as Exhibit 5 to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 6. Form of Distribution Agreement between Registrant and American Express Financial Advisors Inc., dated March 20, 1995, filed electronically as Exhibit 6 to Registrant's Post- Effective Amendment No. 81 to Registration Statement No. 2- 10700 is incorporated herein by reference. PAGE 4 7. All employees are eligible to participate in a profit sharing plan. Entry into the plan is Jan. 1 or July 1. The Registrant contributes each year an amount up to 15 percent of their annual salaries, the maximum deductible amount permitted under Section 404(a) of the Internal Revenue Code. 8. Form of Custodian Agreement between Registrant and American Express Trust Company, dated March 20, 1995, filed electronically as Exhibit 8 to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 9(a). Plan and Agreement of Merger dated April 10, 1986, filed as Exhibit 9 to Registrant's Post-Effective Amendment No. 62 to Registration Statement No. 2-10700, is incorporated herein by reference. 9(b). Form of Transfer Agency Agreement between the Registrant and American Express Financial Corporation, dated March 20, 1995, filed electronically as Exhibit 9(b) to Registrant's Post- Effective Amendment No. 81 to Registration Statement No. 2- 10700 is incorporated herein by reference. 9(c). Copy of License Agreement, dated January 25, 1988, between IDS Financial Corporation and Registrant, filed electronically as Exhibit 9(c) to Registrant's Post Effective Amendment No. 69 to Registration Statement No. 2-10700, is incorporated herein by reference. 9(d). Form of Shareholder Service Agreement between Registrant and American Express Financial Advisors Inc., dated March 20, 1995, filed electronically as Exhibit 9(d) to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 9(e). Form of Administrative Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, filed electronically as Exhibit 9(e) to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 10. Not Applicable. 11. Independent Auditors' Consent filed electronically as Exhibit 11 to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 12. None. 13. Not Applicable. 14. Forms of Keogh, IRA and other retirement plans, filed as Exhibits 14(a) through 14(n) to IDS Growth Fund, Inc., Post Effective Amendment No. 34 to Registration Statement No. 2- 38355, are incorporated herein by reference. PAGE 5 15. Form of Plan and Agreement of Distribution between Registrant and American Express Financial Advisors Inc., dated March 20, 1995, filed electronically as Exhibit 15 to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 16. Copy of Schedule for computation of each performance quotation provided in the Registration Statement in response to Item 22(b), filed as Exhibit 16 to Post-Effective Amendment No. 75 to Registrant's Registration Statement No. 2-10700, is incorporated herein by reference. 17. Financial Data Schedule filed electronically as Exhibit 17 to Registrant's Post-Effective Amendment No. 81 to Registration Statement No. 2-10700 is incorporated herein by reference. 18. Copy of Plan pursuant to Rule 18f-3 under the 1940 Act is filed electronically herewith. 19(a). Directors' Power of Attorney to sign Amendments to this Registration Statement, dated Nov. 10, 1994, filed electronically as Exhibit 18(a) to Registrant's Post- Effective Amendment No. 79, is incorporated herein by reference. 19(b). Officers' Power of Attorney to sign Amendments to this Registration Statement, dated June 1, 1993, filed concurrently as Exhibit 17(b) to Post-Effective Amendment No. 76 to Registration Statement No. 2-10700, is incorporated herein by reference. Item 25. Persons Controlled by or Under Common Control with Registrant None. Item 26. Number of Holders of Securities (1) (2) Number of Record Holders as of Title of Class May 1, 1995 Common Stock 81,013 PAGE 6 SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, IDS Selective Fund, certifies that it meets the requirements for the effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1993, and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Minneapolis and State of Minnesota on the 8th day of May, 1995. IDS SELECTIVE FUND by /s/ Melinda S. Urion Melinda S. Urion, Treasurer by /s/ William R. Pearce** William R. Pearce, President Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on the 8th day of May, 1995. Signatures Capacity /s/ William R. Pearce** President, Principal William R. Pearce Executive Officer and Director /s/ Leslie L. Ogg** Vice President, General Leslie L. Ogg Counsel and Secretary /s/ Lynne V. Cheney* Lynne V. Cheney Director /s/ William H. Dudley* Director William H. Dudley /s/ Robert F. Froehlke* Director Robert F. Froehlke /s/ David R. Hubers* Director David R. Hubers /s/ Heinz F. Hutter* Director Heinz F. Hutter /s/ Anne P. Jones* Director Anne P. Jones PAGE 7 Signatures Capacity /s/ Donald M. Kendall* Director Donald M. Kendall /s/ Melvin R. Laird* Director Melvin R. Laird /s/ Lewis W. Lehr* Director Lewis W. Lehr /s/ Edson W. Spencer* Director Edson W. Spencer /s/ John R. Thomas* Director John R. Thomas /s/ Wheelock Whitney* Director Wheelock Whitney /s/ C. Angus Wurtele* C. Angus Wurtele Director *Signed pursuant to Directors' Power of Attorney dated Nov. 10, 1994, filed electronically as Exhibit 18(a) to Registrant's Post- Effective Amendment No. 79, by: /s/ Leslie L. Ogg Leslie L. Ogg **Signed pursuant to Officers' Power of Attorney dated June 1, 1993, filed as Exhibit 17(b) to Registrant's Post-Effective Amendment No. 76 to Registration Statement No. 2-10700 by: /s/ Leslie L. Ogg Leslie L. Ogg PAGE 8 CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 82 TO REGISTRATION STATEMENT NO. 2-10700 This Post-Effective Amendment comprises the following papers and documents: The facing sheet. The cross-reference page. Part A. The prospectus. Part B. Statement of Additional Information. Part C. Financial Statements. Other information. Exhibits. The signatures. PAGE 9 PAGE 1 IDS Bond Fund, Inc. March 20, 1995 Plan under Section 18f-3(d) Filed pursuant to Item 24(b)(18) of Form N-lA Separate Arrangements Each class of shares will represent interests in the same portfolio of investments of the Fund and be identical except those differences that relate to (a) the impact of the disproportionate payments made under the Rule 12b-1 plan; (b) the impact of the disproportionate payments made because of service fees; (c) the differences in class expenses including transfer agent fees and any other expense determined by the board of directors to be a class expense; and (d) the difference in voting rights on the 12b-1 plan, exchange privileges and class designations. The current classes of shares are as follows: Class A shares - 5% initial sales charge waived or reduced for certain purchases. Class B shares - contingent deferred sales charge ranging from 5% down to 0% after six years. Class Y shares - no sales charge Expense Allocation Procedures American Express Financial Corporation, as the Fund's administrator, on a daily basis shall allocate the income, expenses, and realized and unrealized gains and losses of the Fund on the basis of the relative percentage of net assets of each class of shares, except class specific expenses for service fees, 12b-1 distribution fees, and transfer agent fees which shall be paid directly by each class as follows: Class A and Class B service fee - 17.5 basis points Class B distribution fee - 75 basis points Class B transfer agent fee - an additional $1 for each shareholder account Should at any time an expense of a class be waived or reimbursed, American Express Financial Corporation first shall determine that such waiver or reimbursement would not result in another class subsidizing the class, is fair and equitable to all classes and does not operate to the detriment of another class and then shall monitor the implementation and operation to assure the waiver or reimbursement operates consistent with the determination. The board of directors shall monitor the actions of American Express Financial Corporation. PAGE 2 Exchange Privileges Shares of a class may be exchanged for shares of the same class of another fund in the IDS MUTUAL FUND GROUP. Conversion Privileges Class B shares including a proportionate amount of shares acquired through reinvestment of distributions shall convert after eight years into Class A shares at relative net asset values without the imposition of any fee. -----END PRIVACY-ENHANCED MESSAGE-----