[Federal Register Volume 60, Number 201 (Wednesday, October 18, 1995)]
[Notices]
[Pages 53946-53947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25820]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21415; 811-6280]
Anthem Funds Trust; Application
October 11, 1995.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
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APPLICANT: Anthem Funds Trust.
RELEVANT ACT SECTIONS: Order requested under section 8(f).
FILING DATES: The application was filed on September 8, 1995.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing by writing to the SEC's Secretary and serving
applicants with a copy of the request, personally or by mail. Hearings
requests should be received by the SEC by 5:30 p.m. on November 6,
1995, and should be accompanied by proof of service on applicants, in
the form of an affidavit or, for lawyers, a certificate of Service.
Hearing requests should state the nature of the writer's interest, the
reason for the request, and the issues contested. Persons may request
notification of a hearing by writing to the SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 5th Street, N.W., Washington, D.C.
20549. Applicant, 1000 Market Tower, 10 West Market Street,
Indianapolis, Indiana 46204.
FOR FURTHER INFORMATION CONTACT: David W. Grim, Law Clerk, at (202)
942-0571, or Robert A. Robertson, Branch Chief, at (202) 942-0564
(Division of Investment Management, Office of Investment Company
Regulation).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained for a fee at the
SEC's Public Reference Branch.
Applicant's Representations
1. Applicant is a registered open-end management investment company
which was organized as an Indiana business trust on January 17, 1991.
On February 8, 1991, applicant filed a Notification of Registration on
Form N-8A pursuant to section 8(a) of the Act and a registration
statement on Form N-1A under section 8(b) of the Act and under the
Securities Act of 1933. The registration statement became effective on
May 17, 1991, and the initial public offering commenced immediately
thereafter. Applicant was called ``Sagamore Funds Trust'' and was
comprised of three series of shares from January 17, 1991 until June
30, 1994. On June 30, 1994, applicant changed its name to ``Anthem
Funds Trust.'' On May 2, 1994, applicant filed an amendment to its
registration statement under the Securities Act of 1933 to register six
separate series of common stock. This registration statement became
effective on July 1, 1994, and the initial public offering of these
separate series commenced immediately thereafter. Presently, applicant
is comprised of nine series: Aggressive Growth Fund, Value Fund, Growth
& Income Fund, Equity Income Fund, Balanced Fund, Income Fund,
Government Securities Fund, Intermediate U.S. Government Securities
Fund, and Municipal Securities Fund.
2. On April 28, 1995, applicant's Board of Trustees (the ``Board'')
unanimously authorized through a written consent action a Plan of
Liquidation (the ``Plan'') under which all of the assets of applicant
would be sold and the assets distributed to applicant's unitholders on
June 30, 1995 (the ``Liquidation Date'').
3. On May 24, 1995, definitive proxy materials were filed with the
SEC. On or about May 24, 1995, definitive proxy materials were
distributed to applicant's unitholders. On June 23, 1995, applicant's
unitholders approved the Plan.
4. As of May 31, 1995, there were 7,712 units outstanding of the
Aggressive Growth Fund, 14,609 units outstanding of the Value Fund,
132,852 units outstanding of the Growth & Income Fund, 7,461 units
outstanding of the Equity Income Fund, 103,733 units outstanding of the
Balanced Fund, 5,958 units outstanding of the Income Fund, 34,570 units
outstanding of the Government Securities Fund, 6,428 units outstanding
of the Intermediate U.S. Government Securities Fund, and 5,040 units
outstanding of the Municipal Securities Fund. At that time, the
Aggressive Growth Fund had net assets of $87,143 or a net asset value
of $11.30 per unit, the Value Fund had net assets of $153,848 or a net
asset value of $10.53 per unit, the Growth & Income Fund had net assets
of $1,541,725 or a net asset value of $11.60 per unit, the Equity
Income Fund had net assets of $80,489 or a net asset value of $10.79
per unit, the Balanced Fund had net assets of $1,182,805 or a net asset
value of $11.40 per unit, the Income Fund had net assets of $59,072 or
a net asset value of $9.91 per unit, the Government Securities Fund had
net assets of $351,213 or a net asset value of $10.16 per unit, the
Intermediate U.S. Government Securities Fund had net assets of $63,587
or a net asset value of $9.89 per unit, and the Municipal Securities
Fund had net assets of $50,968 or a net asset value of $10.11 per unit.
5. On the Liquidation Date, applicant paid a liquidating
distribution in cash to its unitholders in the amount $1,760,913. All
unitholders received a distribution per unit equal to the net asset
value of shares held on the Liquidation Date. Anthem Capital
Management, Inc., the adviser of applicant (the ``Adviser''), received
a distribution per unit equal to the net asset value of shares held on
the Liquidation Date reduced by unamortized organizational costs.
Unitholders of the Aggressive Growth Fund received a total distribution
of $64,547 or a distribution per unit of $11.33; unitholders of the
Value Fund received a total distribution of $69,179 or a distribution
per unit of $10.57; the Adviser received a total distribution of
$36,949 or a distribution per unit of $8.52 as unitholder of the Growth
& Income Fund, and all other unitholders of the Growth & Income Fund
received a total distribution of $680,519 or a distribution per unit of
$11.65; unitholders of the Equity Income Fund received a total
distribution of $62,226 or a distribution per unit of $10.82; the
Adviser received a total distribution of $42,098 or a distribution per
unit equal to $9.41 as unitholder of the Balanced Budget Fund, and all
other unitholders of the Balanced Fund received a total distribution of
$483,988 or a distribution per unit of $11.43; unitholders of the
Income Fund received a total distribution of $49,933 or a distribution
per unit of $9.95; the Adviser received a total distribution of $39,402
and a distribution per unit of $8.00 as unitholder of the Government
Securities Fund, and all other unitholders of the Government Securities
Fund received a total distribution of $131,070 or distribution per unit
of $10.23; unitholders of the Intermediate U.S. Government Securities
Fund received a total distribution of $49,898 or distribution per unit
of $9.93; and unitholders of the Municipal Securities Fund received a
total distribution of $51,103 or a distribution per unit of $10.14.
6. All expenses incurred in connection with the liquidation,
approximately $47,000, were and will
[[Page 53947]]
be paid by the Adviser. Certain deferred organizational expenses as
well as all debts not paid by applicant prior to the Liquidation Date
were assumed and paid by the Adviser.
7. As of the date of the application, applicant had no assets,
debts, or unitholders. Applicant is not a party to any litigation or
administrative proceeding. Applicant is neither engaged nor proposes to
engage in any business activities other than those necessary for the
winding-up of its affairs.
8. On September 5, 1995, applicant filed a resolution with the
Secretary of State of Indiana declaring its intention to withdraw and
surrender its authority to transact business as an Indiana business
trust.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-25820 Filed 10-17-95; 8:45 am]
BILLING CODE 8010-01-M
