Cash and Net Assets - 100.0%
|
$ | 1,001 | ||
SHARES OF BENEFICIAL INTEREST:
|
||||
Original Shares Class:
|
||||
Shares outstanding (unlimited number of $.01 par value shares authorized)
|
1,001 | |||
Net Asset Value Per Share $1.00
|
$ | 1.00 | ||
NET ASSETS CONSIST OF:
|
||||
Capital Stock - Authorized an unlimited number of shares, par value $0.01 per share
|
$ | 10 | ||
Additional paid-in capital
|
1,006 | |||
Accumulated net realized loss on investments
|
(15 | ) | ||
$ | 1,001 |
Year Ended
December
31, 2012
|
Year Ended
December 31,
2011
|
|||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS:
|
||||||||
Net investment income
|
$ | - | $ | - | ||||
Net realized loss from securities transactions | - | - | ||||||
Change in net assets resulting from operations
|
- | - | ||||||
DIVIDENDS TO SHAREHOLDERS
|
||||||||
FROM NET INVESTMENT INCOME:
|
||||||||
Original Shares
|
- | - | ||||||
CAPITAL SHARE TRANSACTIONS
|
||||||||
(at $1.00 per share):
|
||||||||
Proceeds from shares sold:
|
||||||||
Original Shares
|
- | - | ||||||
Reinvested dividends and distributions:
|
||||||||
Original Shares
|
- | - | ||||||
Cost of shares redeemed:
|
||||||||
Original Shares
|
- | - | ||||||
Change in net assets from capital share
|
||||||||
transactions
|
- | - | ||||||
Total change in net assets
|
- | - | ||||||
NET ASSETS:
|
||||||||
Beginning of period
|
1,001 | 1,001 | ||||||
End of period
|
$ | 1,001 | $ | 1,001 |
Year
Ended
|
Year
Ended
|
Year
Ended
|
Year
Ended
|
Year
Ended
|
||||||||||||||||
Dec. 31,
|
Dec. 31,
|
Dec.31,
|
Dec.31,
|
Dec.31,
|
||||||||||||||||
2012* | 2011* | 2010* | 2009* | 2008* | ||||||||||||||||
Net asset value, beginning of period
|
$ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | ||||||||||
Income from investment
|
||||||||||||||||||||
operations:
|
||||||||||||||||||||
Net investment income
|
- | - | - | - | - | |||||||||||||||
Less distributions:
Dividends from net Investment income
|
- | - | - | - | - | |||||||||||||||
|
||||||||||||||||||||
Net asset value,
|
||||||||||||||||||||
end of period
|
$ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | ||||||||||
Total return
|
- | - | - | - | - | |||||||||||||||
Ratios/supplemental data
|
||||||||||||||||||||
Net assets, end of
|
||||||||||||||||||||
period (in thousands)
|
$ | 1 | $ | 1 | $ | 1 | $ | 1 | $ | 1 | ||||||||||
Ratio of expenses
|
||||||||||||||||||||
to average net assets
|
- | - | - | - | - | |||||||||||||||
Ratio of net investment
|
||||||||||||||||||||
income to average
|
||||||||||||||||||||
net assets
|
- | - | - | - | - | |||||||||||||||
The expense and net investment income ratios without the effect of the Adviser's and Administrator's voluntary waiver of fees and the Administrator's expense reimbursement were:
|
||||||||||||||||||||
Ratio of expenses
|
||||||||||||||||||||
to average net assets
|
- | - | - | - | - | |||||||||||||||
Ratio of net investment
|
||||||||||||||||||||
income (loss) to
|
||||||||||||||||||||
average net assets
|
- | - | - | - | - | |||||||||||||||
The expense ratios after giving effect to the waivers, reimbursements and expense offset for uninvested cash balances were:
|
||||||||||||||||||||
Ratio of expenses
|
||||||||||||||||||||
to average net assets
|
- | - | - | - | - |
Analysis of Expenses (unaudited)
As a shareholder of the Trust, you may incur ongoing costs, including management fees, and other Trust expenses. The tables below are intended to help you understand your ongoing costs (in dollars) of investing in the Trust and to compare these costs with the ongoing costs of investing in other mutual funds.
The tables below are based on an investment of $1,000 invested on July 1, 2012 and held for the six months ended December 31, 2012.
Actual Expenses1
This table provides information about actual account values and actual expenses. You may use the information provided in this table, together with the amount you invested, to estimate the expenses that you paid over the period. To estimate the expenses you paid on your account, divide your ending account value by $1,000 (for example, an $8,600 ending account value divided by $1,000 = 8.6), then multiply the result by the number under the heading entitled “Expenses Paid During the Period”.
|
For The Six Months Ended December 31, 2012
|
Actual
Total Return(1)
|
Beginning
Account
Value
|
Ending
Account
Value
|
Expenses
Paid During
the Period2
|
|||||||||||||
CAPITAL CASH MANAGEMENT TRUST
|
- | $ | 1,000.00 | $ | 1,000.00 | - | ||||||||||
1 The Trust did not have any operations during the period.
2 The Trust did not incur any expenses during the period ( note C).
|
Analysis of Expenses (unaudited) (continued)
Hypothetical Example for Comparison Purposes
The table below provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5.00% per year before expenses, which is not the Trust’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use the information provided in this table to compare the ongoing costs of investing in the Trust and other mutual funds. To do so, compare this 5.00% hypothetical example relating to the Trust with the 5.00% hypothetical examples that appear in the shareholder reports of other mutual funds.
|
For The Six Months Ended December 31, 2012
|
Hypothetical
Annualized
Total Return
|
Beginning
Account
Value
|
Ending
Account
Value
|
Expenses
Paid During
the Period(1)
|
|||||||||||||
CAPITAL CASH MANAGEMENT TRUST
|
5.00 | % | $ | 1,000.00 | $ | 1,025.00 | - | |||||||||
(1) The Trust did not incur any expenses during the period (note C).
|
Additional Information (unaudited)
|
Trustees(1)
and Officers
|
Name, Address(2)
and Date of Birth
|
Positions Held with Trust and Length of
Service(3)
|
Principal Occupation(s)
During Past 5 Years
|
Number of Portfolios in Fund Complex(4) Overseen
by Trustee
|
Other Directorships
Held by Trustee
During Past 5 Years
|
||||
Interested
Trustee(5)
|
||||||||
Diana P. Herrmann
New York, NY
(1958)
|
Chair of the Board since 2012 and President since 2004
|
Vice Chair and Chief Executive Officer of Aquila Management Corporation, Founder and Sponsor of the Aquila Group of Funds(6) and parent of Aquila Investment Management LLC, Manager, since 2004, President since 1997, Chief Operating Officer, 1997-2008, a Director since 1984, Secretary since 1986 and previously its Executive Vice President, Senior Vice President or Vice President, 1986-1997; Chief Executive Officer and Vice Chair since 2004, President and Manager since 2003, and Chief Operating Officer (2003-2008), of the Administrator; Chair, Vice Chair, President, Executive Vice President and/or Senior Vice President of funds in the Aquila Group of Funds since 1986; Director of the Distributor since 1997; Governor, Investment Company Institute (the U.S. mutual fund industry trade organization dedicated to protecting shareholder interests and educating the public about investing) for various periods since 2004, and head of its Small Funds Committee, 2004-2009; active in charitable and volunteer organizations.
|
11
|
ICI Mutual Insurance Company, a Risk Retention Group (2006-2009 and since 2010); Vice Chair and Trustee of Pacific Capital Funds of Cash Assets Trust (three Aquila money-market funds) 2004-2012
|
Non-interested
Trustees
|
||||||||
Theodore T. Mason
Hastings-on-Hudson, NY
(1935)
|
Trustee since 1976
|
Executive Director, East Wind Power Partners Ltd. since 1994 and Louisiana Power Partners, 1999-2003; Assistant Treasurer, Fort Schuyler Maritime Alumni Association, Inc., successor to Alumni Association of SUNY Maritime College, since 2010 (previously Treasurer, President, First Vice President, and Second Vice President) and director of the same organization since 1997; Director, STCM Management Company, Inc., 1973-2004; twice national officer of Association of the United States Navy (formerly Naval Reserve Association), Commanding Officer of four naval reserve units and Captain, USNR (Ret); director, The Navy League of the United States New York Council since 2002; trustee, The Maritime Industry Museum at Fort Schuyler, 2000-2004; and Fort Schuyler Maritime Foundation, Inc., successor to the Maritime College at Fort Schuyler Foundation, Inc., 2000-2012.
|
4
|
Trustee Emeritus, Churchill Tax-Free Fund of Kentucky and Aquila Narragansett Tax-Free Income Fund since 2011; Trustee, 1987-2011 and 2009-2011, respectively; Trustee of Pacific Capital Funds of Cash Assets Trust (three Aquila money-market funds, consisting of Pacific Capital Cash Assets Trust (1984-2012), Pacific Capital Tax-Free Cash Assets Trust (1988-2012), and Pacific Capital U.S. Government Securities Cash Assets Trust (1988-2012)) and Chair of the Board of each, 2004-2012; formerly Trustee, Premier VIT
|
||||
John J. Partridge
Providence, RI
(1940)
|
Trustee since 2004
|
Founding Partner, Partridge Snow & Hahn LLP, a law firm, Providence, Rhode Island, since 1988, Senior Counsel, since January 1, 2007; Assistant Secretary – Advisor to the Board, Aquila Narragansett Tax-Free Income Fund, 2005-2008, Trustee 2002-2005; director or trustee of various educational, civic and charitable organizations, including Ocean State Charities Trust, Memorial Hospital of Rhode Island, and The Pawtucket Foundation.
|
5
|
None
|
Name, Address(2)
and Date of Birth
|
Positions Held with Trust and Length of Service(3)
|
Principal Occupation(s) During Past 5 Years
|
||
Officers
|
||||
Charles E.
Childs, III
New York, NY
(1957)
|
Executive Vice President since 2008 and Secretary since 2011
|
Executive Vice President of all funds in the Aquila Group of Funds and the Administrator and the Administrator’s parent since 2003; Chief Operating Officer of the Administrator and the Administrator’s parent since 2008; Secretary of all funds in the Aquila Group of Funds since 2011; formerly Senior Vice President, corporate development, Vice President, Assistant Vice President and Associate of the Administrator’s parent since 1987; Executive Vice President, Senior Vice President, Vice President or Assistant Vice President of the Aquila money-market funds, 1988-2012; Director of the Distributor since 2012.
|
||
Randall S. Fillmore
New York, NY
(1960)
|
Chief
Compliance Officer since
2012
|
Chief Compliance Officer of each fund in the Aquila Group of Funds, the Administrator and the Distributor since 2012; Managing Director, Fillmore & Associates, 2009-2012; Fund and Adviser Chief Compliance Officer (2002-2009), Senior Vice President - Broker Dealer Compliance (2004-2009), Schwab Funds Anti Money Laundering Officer and Identity Theft Prevention Officer (2004-2009), Vice President - Internal Audit (2000-2002), Charles Schwab Corporation; National Director, Information Systems Risk Management - Consulting Services (1999-2000), National Director, Investment Management Audit and Business Advisory Services (1992-1999), Senior Manager, Manager, Senior and Staff Roles (1983-1992), PricewaterhouseCoopers LLP.
|
||
Joseph P. DiMaggio
New York, NY
(1956)
|
Chief Financial Officer since 2003 and Treasurer since 2000
|
Chief Financial Officer of each fund in the Aquila Group of Funds since 2003 and Treasurer since 2000.
|
CAPITAL CASH MANAGEMENT TRUST
|
||
By: | /s/ Diana P. Herrmann | |
Chair, President and Trustee
March 8, 2013
|
||
By: | /s/ Joseph P. DiMaggio | |
Chief Financial Officer and Treasurer
March 8, 2013
|
CAPITAL CASH MANAGEMENT TRUST
|
||
By: | /s/ Diana P. Herrmann | |
Diana P. Herrmann
Chair, President and Trustee
March 8, 2012
|
||
By: | /s/ Joseph P. DiMaggio | |
Joseph P. DiMaggio
Chief Financial Officer and Treasurer
March 8, 2012
|
1.
|
I have reviewed this report on Form N-CSR of Capital CashManagement Trust;
|
2.
|
Based on my knowledge, this report does not contain any untruestatement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and otherfinancial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officers and I are responsiblefor establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
a)
|
Designed such disclosure controls and procedures, or caused suchdisclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
Designed such internal control over financial reporting, or causedsuch internal control over financial reporting to be designed under our supervision, 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;
|
c)
|
Evaluated the effectiveness of the registrant's disclosure controlsand procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
d)
|
Disclosed in this report any change in the registrant's internalcontrol over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
|
5.
|
The registrant's other certifying officers and I have disclosed to theregistrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
a)
|
All significant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
b)
|
Any fraud, whether or not material, that involves management or otheremployees who have a significant role in the registrant's internal control over financial reporting.
|
/s/ Diana P. Herrmann
|
||
Title: Chair, President and Trustee
|
1.
|
I have reviewed this report on Form N-CSR of Capital CashManagement Trust;
|
2.
|
Based on my knowledge, this report does not contain any untruestatement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and otherfinancial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officers and I are responsiblefor establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
a)
|
Designed such disclosure controls and procedures, or caused suchdisclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
Designed such internal control over financial reporting, or causedsuch internal control over financial reporting to be designed under our supervision, 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;
|
c)
|
Evaluated the effectiveness of the registrant's disclosure controlsand procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
d)
|
Disclosed in this report any change in the registrant;s internalcontrol over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
|
5.
|
The registrant's other certifying officers and I have disclosed to theregistrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
a)
|
All significant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
b)
|
Any fraud, whether or not material, that involves management or otheremployees who have a significant role in the registrant's internal control over financial reporting.
|
/s/ Joseph P. DiMaggio
|
||
Title: Chief Financial Officer and Treasurer
|
Dated: March 8, 2013
|
/s/ Diana P. Herrmann | |
Chair, President and Trustee
|
||
Capital Cash Management Trust
|
||
Dated: March 8, 2013 | /s/ Joseph P. DiMaggio | |
Chief Financial Officer and Treasurer | ||
Capital Cash Management Trust |
Chair, Vice Chair and/or Trustee and/or President
|
Diana P. Herrmann
|
Chief Financial Officer and Treasurer
|
Joseph P. DiMaggio
|