-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dvaw87j3y/AA25uCrLSdeClaezDUIJpu5FdbPsiWwvc8e8VaZmuQwvSSEOqWlu4o p87enUN3RSLS5CgzqAfnFw== 0000907244-99-000265.txt : 20000211 0000907244-99-000265.hdr.sgml : 20000211 ACCESSION NUMBER: 0000907244-99-000265 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990929 EFFECTIVENESS DATE: 19990929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASH RESOURCE TRUST /MA/ CENTRAL INDEX KEY: 0000908920 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 033-65818 FILM NUMBER: 99720114 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 811-07862 FILM NUMBER: 99720115 BUSINESS ADDRESS: STREET 1: RIVERFRONT PLAZA, WEST TOWER STREET 2: 901 E. BYRD STREET CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8047823294 MAIL ADDRESS: STREET 1: RIVERFRONT PLAZA, WEST TOWER STREET 2: 901 E BYRD STREET CITY: RICHMOND STATE: VA ZIP: 23219 FORMER COMPANY: FORMER CONFORMED NAME: IMG MONEY MARKET SERIES TRUST DATE OF NAME CHANGE: 19930709 485BPOS 1 CASH RESOURCE TRUST Registration No. 33-65818 File No. 811-7862 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 9 [X] REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X] Amendment No. 11 [X] CASH RESOURCE TRUST (Exact name of registrant as specified in charter) 901 East Byrd Street, Richmond, Virginia 23219 (Address of principal executive offices) (804) 782-3647 (Registrant's Telephone Number) PAUL F. COSTELLO, President 901 East Byrd Street Richmond, Virginia 23219 (Name and address of agent for service) Copy to: TIMOTHY W. DIGGINS, Esquire ROPES & GRAY One International Place Boston, Massachusetts 02110 It is proposed that this filing will become effective: [X] immediately upon filing pursuant to paragraph (b) [ ] on [date] pursuant to paragraph (b) [ ] 60 days after filing pursuant to paragraph (a) [ ] on (date) pursuant to paragraph (a)(1) [ ] 75 days after filing pursuant to paragraph (a)(2) [ ] on (date) pursuant to paragraph (a)(2) 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 [ ] 60 days after filing pursuant to paragraph (a)(i) [ ] on (date) pursuant to paragraph (a)(i) CASH RESOURCE TRUST PART A PROSPECTUS Supplement to the Prospectus Dated October 13, 1998 of Cash Resource Trust Cash Resource Money Market Fund Cash Resource U.S. Government Money Market Fund Cash Resource Tax-Exempt Money Market Fund Cash Resource California Tax-Exempt Money Market Fund Cash Resource New York Tax-Exempt Money Market Fund (Each a "Fund", together the "Funds") 1. Effective October 29, 1999, the Funds will change their names as follows:
Current Fund Name New Fund Name Cash Resource Money Market Fund Evergreen CRT Money Market Fund Cash Resource U.S. Government Money Market Fund Evergreen U.S. Government Money Market Fund Cash Resource Tax-Exempt Money Market Fund Evergreen CRT Tax-Exempt Money Market Fund Cash Resource California Tax-Exempt Money Market Fund Evergreen CRT California Tax-Exempt Money Market Fund Cash Resource New York Tax-Exempt Money Market Fund Evergreen CRT New York Tax-Exempt Money Market Fund
2. In addition, by this supplement Evergreen U.S. Government Money Market Fund (formerly Cash Resource U.S. Government Money Market Fund) will add Class B, Class C and Class Y shares. The table set forth below summarizes the shareholder transaction costs associated with an investment in Class B, Class C and Class Y shares. EXPENSE SUMMARY Expenses are one of several factors to consider when investing in a Fund. The following tables are provided to help you understand the expenses of investing in Class B, Class C and Class Y shares of Evergreen U.S. Government Money Market Fund and expenses incurred by the Fund. Expenses shown are based on estimated expenses for the upcoming fiscal year end. The Examples show cumulative expenses attributable to a hypothetical $1,000 investment in the Class B, Class C and Class Y shares of the Fund over specified periods.
Class B Class C Class Y Shareholder Transaction Expenses Shares Shares Shares Maximum Sales Charge Imposed on Purchases (as a % of offering price) None None None Maximum Contingent Deferred Sales Charge (as a % of original purchase price or redemption proceeds, whichever is lower) 5%(1) 1%(1) None
(1) The deferred sales charge on Class B shares declines from 5% to 1% on amounts redeemed within six years after the month of purchase. The deferred sales charge on Class C shares is 1% on amounts redeemed within one year after the month of purchase. No sales charge is imposed on redemptions made thereafter. See "How to Buy Shares" for more information.
Annual Fund Operating Expenses Class B Class C Class Y Investment Advisory Fee 0.18% 0.18% 0.18% 12b-1 Fee 1.00% 1.00% 0.00% Other Expenses 0.26% 0.26% 0.26% ------ ----- ----- Total Fund Operating Expenses 1.44% 1.44% 0.44%
Examples You would pay the following expenses on a $1,000 investment, assuming 5% annual return and reinvestment of all dividends: Assuming Redemption at Assuming No End of Period Redemption Class B Class C Class Y Class B Class C After 1 Year $65 $25 $5 $15 $15 After 3 Years $76 $46 $14 $46 $46 After 5 Years $99 $79 $25 $79 $79 After 10 Years $148 $172 $55 $148 $172 The Examples should not be considered a representation of future performance; actual expenses may vary. BUYING AND SELLING SHARES OF THE FUNDS The information contained in the section of the prospectus entitled "How to Buy Shares" currently relates to purchases of the Class A shares of the Fund only. This section is supplemented with the following information regarding the purchase of Class B, Class C and Class Y shares of Evergreen U.S. Government Money Market Fund. Class B Shares. You may purchase Class B shares at net asset value without an initial sales charge. However, you may pay a Contingent Deferred Sales Charge ("CDSC") if you redeem shares within six years after the month of purchase. The amount of the CDSC (expressed as a percentage of the lesser of the current net asset value or original cost) will vary according to the number of years from the month of purchase of Class B shares as set forth below.
CDSC Redemption Timing Imposed - ----------------- ------- Month of purchase and the first twelve-month period following the month of purchase 5.00% Second twelve-month period following the month of purchase 4.00% Third twelve-month period following the month of purchase 3.00% Fourth twelve-month period following the month of purchase 3.00% Fifth Twelve-month period following the month of purchase 2.00% Sixth Twelve-month period following the month of purchase 1.00% No CDSC is imposed on amounts redeemed thereafter.
The CDSC is deducted from the amount of the redemption and is paid to the Fund's distributor, Evergreen Distributor, Inc. ("EDI"). Class B shares are subject to higher distribution and/or shareholder service fees than Class A shares for a period of seven years after the month of purchase (after which it is expected that they will convert to Class A shares without imposition of a front-end sales charge). The higher fees mean a higher expense ratio, so Class B shares pay correspondingly lower dividends. The Fund will not normally accept any purchase of Class B shares in the amount of $250,000 or more. At the end of the period ending seven years after the end of the calendar month in which the shareholder's purchase order was accepted, Class B shares will automatically convert to Class A shares and will no longer be subject to the higher distribution services fee imposed on Class B shares. Such conversion will be on the basis of the relative net asset values of the two classes, without the imposition of any sales load, fee or other charge. The purpose of the conversion feature is to reduce the distribution services fee paid by holders of Class B shares that have been outstanding long enough for EDI to have been compensated for the expenses associated with the sale of such shares. Class C Shares. Class C shares are only offered through broker-dealers who have special distribution agreements with EDI. You may purchase Class C shares at net asset value without an initial sales charge and, therefore, the full amount of your investment will be used to purchase Fund shares. However, you will pay a 1.00% CDSC if you redeem shares during the month of purchase and the 12-month period following the month of purchase. No CDSC is imposed on amounts redeemed thereafter. Class C shares incur higher distribution and/or shareholder service fees than Class A shares, but unlike Class B shares, do not convert to any other class of shares of the Fund. The higher fees mean a higher expense ratio, so Class C shares pay correspondingly lower dividends. The Fund will not normally accept any purchase of Class C shares in the amount of $500,000 or more. Class Y Shares. Class Y shares are offered at net asset value without a front-end sales charge or a CDSC. Class Y shares are only offered to (1) persons who at or prior to December 31, 1994 owned shares in a mutual fund advised by Evergreen Asset Management Corp. ("EAMC"), (2) certain institutional investors and (3) investment advisory clients of an investment advisor of an Evergreen Fund (or the investment advisor's affiliates). The information contained in the Funds' prospectus entitled "MANAGEMENT - - Distribution Services" is supplemented to reflect that, in addition to the Fund's Class A shares, the Fund has adopted a Distribution Plan pursuant to Rule 12b-1 under the Investment Company Act of 1940 with respect to its Class B and Class C shares. The expense table above reflects each Class' 12b-1 fee. 3. The Funds' prospectus is amended to reflect the following changes in certain of the Funds' service providers: Distributor. Evergreen Distributor, Inc.("EDI"), 90 Park Avenue, New York, New York, 10016. EDI is a subsidiary of The BISYS Group, Inc. Transfer Agent and Dividend Disbursing Agent. Evergreen Service Company ("ESC"), 200 Berkeley Street, Boston, Massachusetts 02116, acts as the Funds' transfer agent and dividend disbursing agent. ESC is an indirect, wholly owned subsidiary of First Union Corporation. Custodian. State Street Bank and Trust Company, P.O. Box 9021, Boston, Massachusetts 02205-9827, acts as the Funds' custodian. Administrator. Evergreen Investment Services, Inc. ("EIS") serves as administrator to the Funds. As administrator, and subject to the supervision and control of the Trust's Board of Trustees, EIS provides the Funds with facilities, equipment and personnel. For its services as administrator, EIS is entitled to receive a fee from each Fund at an annual rate of 0.02% of the Fund's average daily net assets. September 29, 1999 PART C OTHER INFORMATION Item 24. Financial Statements and Exhibits (a) Financial Statements: (1) Statements of Assets and Liabilities - July 31, 1998 - Incorporated by Reference in Part B. Statements of Operations - Year Ended July 31, 1998 Incorporated by Reference in Part B. Statements of Changes in Net Assets -- Years or Periods Ended July 31, 1998 and 1997 -Incorporated by Reference in Part B. Financial Highlights - Included in Part A. Notes to Financial Statements - Incorporated by Reference in Part B. Independent Auditors Report - Incorporated by Reference in Part B. Included in Part C: None. (b) Exhibits (1)(A) Agreement and Declaration of Trust(1) (B) Amendments to Agreement and Declaration of Trust(2)(3) (2) Bylaws(1) (3) Inapplicable (4)(A) Forms of certificate representing shares of beneficial interest(1) (B) Portions of Agreement and Declaration of Trust Relating to Shareholders' Rights(1) (C) Portions of Bylaws Relating to Shareholders' Rights(1) (5)(A) Form of Management Contract dated February 1, 1998(9) (6) Form of Distribution Agreement dated February 1, 1998(10) (7) Inapplicable (8)(A) Custody Agreement dated June 10, 1999 (10) (B) Form of Administration Agreement dated June 10, 1999 (10) (9)(A) Trasfer Agency Agreement dated September 10, 1999 (10) (B) Draft Processing Agency Agreement dated December 20, 1993(4) (C) Form of Shareholder Servicing Plan (8) (10) Opinion and Consent of Ropes & Gray(2) (11) Consent of Independent Auditors (9) (12) Inapplicable (13) Initial Capital Agreement dated December 17, 1993(4) (14) Inapplicable (15) Plan of Distribution (10) (16) Schedule of Computation of Performance(5) (18) Multiple Class Plan (10) - ------------------ (1) Incorporated by reference from the Registrant's Registration Statement on Form N-1A under the Securities Act of 1993, as amended, filed on July 7, 1993. (2) Incorporated by reference from Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1993, as amended, filed on October 15, 1993 (File No. 33-65818). (3) Incorporated by reference to Pre-Effective Amendment No. 2 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended, filed on November 5, 1993 (File No. 33-65818). (4) Incorporated by reference to Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended, filed on October 3, 1994 (File No. 33-65818). (5) Incorporated by reference to Post-Effective Amendment No. 2 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended, filed on September 29, 1995 (File No. 33-65818). (6) Incorporated by reference to Post-Effective Amendment No. 3 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended, filed on August 12, 1996 (File No. 33-65818). (7) Incorporated by reference to Post-Effective Amendment No. 6 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended filed on September 30, 1997 (File No. 33-65818). (8) Incorporated by reference to Post-Effective Amendment No. 7 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended filed on January 30, 1998 (File No. 33-65818). (9) Incorporated by reference to Post-Effective Amendment No. 8 to the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended filed on October 13, 1998 (File No. 33-65818). (10) To be filed by amendment. Item 25. Persons Controlled by or Under Common Control with Registrant None. Item 26. Number of Record Holders of Securities (as of August 30, 1999) Series Number of Record Holders ------ ------------------------ Cash Resource Money Market Fund Cash Resource U.S. Government Money Market Fund Cash Resource Tax-Exempt Money Market Fund Cash Resource California Tax-Exempt Money Market Fund Cash Resource New York Tax-Exempt Money Market Fund Item 27. Indemnification The information required by this item is incorporated herein by reference from the Registrant's Registration Statement on Form N-1A under the Securities Act of 1933, as amended (File No. 33-65818). Item 28. Business and Other Connections of Investment Adviser Mentor Investment Advisors, LLC ("Mentor Advisors"), located at 901 East Byrd Street, Richmond, Virginia 23219, serves as the Registrant's investment adviser. The business and other connections of each director, officer, or partner of Mentor Advisors in which such director, officer, or partner is or has been, at any time during the past two fiscal years, engaged for his own account or in the capacity of director, officer, employee, partner, or trustee are set forth in the following table. (a) The following is additional information with respect to the directors and officers of Mentor Investment Advisors, LLC: Business, Profession, Vocation or Employment Position with during the past Name Investment Adviser two fiscal years John G. Davenport Managing Director Managing Director, Mentor Investment Group, LLC. R. Preston Nuttall Managing Director Managing Director, Mentor Investment Group, LLC. Paul F. Costello Managing Director Managing Director, Mentor Investment Group, LLC; President, Mentor Funds, Mentor Institutional Trust, Mentor Variable Investment Portfolios, Cash Resource Trust, Mentor Income Fund, Inc.; and America's Utility Fund, Inc.; Senior Vice President, Mentor Distributors, LLC; Managing Director, Mentor Perpetual Advisors, LLC. Theodore W. Price Managing Director Managing Director, Mentor Investment Group, LLC. P. Michael Jones Managing Director Managing Director, Mentor Investment Group, LLC. Peter J. Quinn, Jr. Managing Director Managing Director, Mentor Investment Group, LLC. Daniel J. Ludeman Chairman Chairman and Chief Executive Officer, Mentor Investment Group, LLC. Karen H. Wimbish Managing Director Managing Director, Mentor Investment Group, LLC. Michael A. Wade Treasurer and Vice President, Mentor Controller Investment Group, LLC. * The address of Mentor Investment Group, Inc., Wheat, First Securities, Inc., Wheat First Butcher Singer, Inc., Mentor Funds, and Mentor Income Fund, Inc., is 901 East Byrd Street, Richmond, VA 23219. Item 29. Principal Underwriters: (a) Mentor Distributors, LLC, the Fund's principal underwriter, acts as principal underwriter for the following investment companies: The Mentor Funds o Mentor Growth Portfolio o Mentor Strategy Portolio o Mentor Short-Duration Income Portfolio o Mentor Balanced Portfolio o Mentor Capital Growth Portfolio o Mentor Perpetual Global Portfolio o Mentor High Income Portfolio o Mentor Income and Growth Portfolio o Mentor Quality Income Portfolio o Mentor Municipal Income Portfolio o Mentor Institutional U.S. Government Money Market Portfolio o Mentor Institutional Money Market Portfolio Cash Resource Trust o Cash Resource Money Market Fund o Cash Resource U.S. Government Money Market Fund o Cash Resource Tax-Exempt Money Market Fund o Cash Resource California Tax-Exempt Money Market Fund o Cash Resource New York Tax-Exempt Money Market Fund Mentor Institutional Trust o Mentor U.S. Government Cash Management Portfolio o Mentor Fixed-Income Portfolio o Mentor Perpetual International Portfolio Mentor Investment Group o Mentor Income Fund o America's Utility Fund Mentor Variable Investment Portfolios o Mentor VIP Growth Portfolio o Mentor VIP Strategy Portfolio o Mentor VIP Balanced Portfolio o Mentor VIP Capital Growth Portfolio o Mentor VIP Perpetual International Portfolio (b) Information concerning officers of Mentor Distributors, LLC: Name And Principal Positions And Offices Positions And Offices Business Address* With Underwriter With Registrant - ----------------- -------------------- --------------------- Lynn Mangum Chairman Inapplicable D'Ray Moore President Inapplicable Dennis Sheehan Executive Vice President Inapplicable William J. Tomko Senior Vice President Inapplicable Mark J. Rybarczyk Senior Vice President Inapplicable Kevin J. Dell Vice President and Inapplicable Secretary Michael D. Burns Vice President Inapplicable David Blackmore Vice President Inapplicable Robert L. Tuch Assistant Secretary Inapplicable Steven Ludwig Compliance Officer Inapplicable *Principal Address for all Officers: BISYS Fund Services, Inc. 3435 Stelzer Road Columbus, Ohio 43219-8000 (c) Inapplicable. Item 30. Location of Accounts and Records Persons maintaining physical possession of accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder are: Registrant's Clerk, Michael H. Koonce; Registrant's investment adviser, Mentor Advisors, Registrant's transfer agent, Evergreen Service Company and Registrant's custodian, State Street Bank and Trust Company. The address of the Mentor Advisors is 901 East Byrd Street, Richmond, Virginia 23219. The address of the Clerk and the transfer agent is 200 Berkeley Street, Boston, Massachusetts 02116. The address of the custodian is 2 Heritage Drive, North Quincy, Massachusetts 02171. Item 31. Management Services None. Item 32. Undertakings (a) The Registrant undertakes, if requested to do so by the holders of at least 10% of the Registrant's outstanding shares of beneficial interest, to call a meeting of shareholders for the purpose of voting upon the question of removal of a Trustee or Trustees and to assist in communications with other shareholders as required by Section 16(c) of the Investment Company Act of 1940. (b) The Registrant undertakes to furnish to each person to whom a prospectus of the Registrant is delivered a copy of the Registrant's latest annual report to shareholders, upon request and without charge. NOTICE A copy of the Agreement and Declaration of Trust of the Trust is on file with the Secretary of State of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Registrant by an officer of the Registrant as an officer and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers, or shareholders individually but are binding only upon the assets and property of the Registrant. SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933, and has duly caused this Amendment to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Richmond, and the Commonwealth of Virginia on this 29th day of September, 1999. CASH RESOURCE TRUST By:/s/ Paul F. Costello ------------------------ Name: Paul F. Costello Title: President Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on the 29th day of September, 1999. Signature Title --------- ----- * Chairman; Trustee ------------------ Daniel J. Ludeman * Trustee ------------------ Arnold H. Dreyfuss * Trustee ------------------ Thomas F. Keller * Trustee ------------------ Louis W. Moelchert, Jr. * Trustee ------------------ Troy A. Peery, Jr. * Trustee -------------------- Peter J. Quinn, Jr. * Trustee -------------------- Arch T. Allen, III * Trustee -------------------- Weston E. Edwards * Trustee -------------------- Jerry R. Barrentine * Trustee -------------------- J. Garnett Nelson /s/ Michael A. Wade ------------------- Treasurer and Chief Financial Michael A. Wade Officer /s/ Paul F. Costello President; Principal Executive -------------------- Officer Paul F. Costello *By:/s/ Paul F. Costello -------------------- Paul F. Costello Attorney-in-Fact EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- None -----END PRIVACY-ENHANCED MESSAGE-----