Post-Effective Amendment
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 485A24E Pacific Capital Funds 485A24E 303 1.56M
2: EX-5.C Opinion re: Legality 7 30K
3: EX-6.D Opinion re: Discount on Capital Shares 16 53K
4: EX-10 Material Contract 2 14K
5: EX-11 Statement re: Computation of Earnings Per Share 1 9K
6: EX-15.A Letter re: Unaudited Interim Financial Information 3 16K
7: EX-15.C Letter re: Unaudited Interim Financial Information 3 16K
8: EX-18 Letter re: Change in Accounting Principles 3 12K
13: EX-27.01 Financial Data Schedule (Pre-XBRL) 2± 12K
14: EX-27.02 Financial Data Schedule (Pre-XBRL) 2± 12K
23: EX-27.03 Financial Data Schedule (Pre-XBRL) 2± 12K
24: EX-27.04 Financial Data Schedule (Pre-XBRL) 2± 12K
17: EX-27.05 Financial Data Schedule (Pre-XBRL) 2± 12K
18: EX-27.06 Financial Data Schedule (Pre-XBRL) 2± 12K
19: EX-27.07 Financial Data Schedule (Pre-XBRL) 2± 12K
20: EX-27.08 Financial Data Schedule (Pre-XBRL) 2± 12K
21: EX-27.09 Financial Data Schedule (Pre-XBRL) 2± 12K
22: EX-27.10 Financial Data Schedule (Pre-XBRL) 2± 12K
9: EX-27.11 Financial Data Schedule (Pre-XBRL) 2± 12K
10: EX-27.12 Financial Data Schedule (Pre-XBRL) 2± 12K
11: EX-27.13 Financial Data Schedule (Pre-XBRL) 2± 12K
12: EX-27.14 Financial Data Schedule (Pre-XBRL) 2± 12K
15: EX-27.15 Financial Data Schedule (Pre-XBRL) 2± 12K
16: EX-27.16 Financial Data Schedule (Pre-XBRL) 2± 12K
EX-15.C — Letter re: Unaudited Interim Financial Information
| EX-15.C | 1st Page of 3 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit 15(c)
CLASS B SHARES
DISTRIBUTION AND SHAREHOLDER SERVICE PLAN
This Plan (the "Plan") constitutes the distribution and
shareholder service plan of Pacific Capital Funds, a Massachusetts business
trust (the "Trust"), adopted pursuant to Rule 12b-1 under the Investment
Company Act of 1940 (the "1940 Act"). The Plan relates to the Class B Shares of
those investment portfolios ("Funds") identified on Appendix A hereto as
amended from time to time (the "Distribution Plan Funds").
Section 1. Each Distribution Plan Fund shall pay to the
distributor (the "Distributor") of the Class B of the Trust's units of
beneficial interest (the "Shares"), a fee in an amount not to exceed on an
annual basis 1% of the average daily net asset value of such Fund attributable
to the Shares of such Fund (the "Distribution Fee") to compensate or reimburse
the Distributor for the following: (a) payments the Distributor makes to banks
and other institutions and industry professionals, such as broker/dealers,
including the Adviser, Distributor and their affiliates or subsidiaries
(collectively referred to as "Participating Organization(s)"), pursuant to an
agreement in connection with providing sales and/or administrative support
services to the holders of a Fund's Shares; or (b) payments to financial
institutions and industry professional (such as insurance companies, investment
counselors, and the Distributor's affiliates and subsidiaries) in consideration
for the distribution services provided and expenses assumed in connection with
distribution assistance, including but not limited to printing and distributing
Prospectuses to persons other than current Class B Shareholders of a Fund,
printing and distributing advertising and sales literature and reports to Class
B Shareholders used in connection with the sale of a Fund's Shares, and
personnel and communication equipment used in servicing shareholder accounts
and prospective Class B Shareholder inquiries.
Section 2. The Distribution Fee shall be paid by the
Distribution Plan Funds to the Distributor only to compensate or to reimburse
the Distributor for payments or expenses incurred pursuant to Section 1.
Notwithstanding anything herein to the contrary, the Distribution Plan Funds
shall not be obligated to make any payments under this Plan that exceed the
maximum amounts payable under Rule 2830 of the Conduct Rules of the National
Association of Securities Dealers, Inc.
Section 3. The Plan shall not take effect with respect to a
Distribution Plan Fund until it has been approved by a vote of at least a
majority of the outstanding voting securities of the Class B shares of such
Fund.
Section 4. The Plan shall not take effect until it has been
approved, together with any related agreements, by votes of the majority (or
whatever greater percentage may, from time to time, be required by Section
12(b) of the 1940 Act or the rules and regulations thereunder) of both (a) the
Trustees of the Trust, and (b) the Independent Trustees of the Trust cast in
person at a meeting called for the purpose of voting on the Plan or such
agreement.
Section 5. The Plan shall continue in effect for a period of
more than one year after it takes effect only so long as such continuance is
specifically approved at least annually in the manner provided for approval of
the Plan in Section 4.
Section 6. Any person authorized to direct the disposition of
monies paid or payable by the Distribution Plan Funds pursuant to the Plan or
any related agreement shall provide to the Trustees of the Trust, and the
Trustees shall review, at least quarterly, a written report of the amounts so
expended and the purposes for which such expenditures were made.
Section 7. The Plan may be terminated at any time by vote of
a majority of the Independent Trustees, or by vote of a majority of the
outstanding voting securities of the Class B shares of such Fund.
Section 8. All agreements with any person relating to
implementation of the Plan shall be in writing, and any agreement related to
the Plan shall provide:
(a) That such agreement may be terminated at
any time, without payment of any penalty,
by vote of a majority of the Independent
Trustees or by vote of a majority of the
outstanding voting securities of the Class
B shares of the Distribution Plan Fund, on
not more than 60 days' written notice to
any other party to the agreement; and
(b) That such agreement shall terminate
automatically in the event of its
assignment.
Section 9. The Plan may not be amended to increase materially
the amount of distribution expenses permitted pursuant to Section 1 hereof
without approval in the manner provided in Section 3 hereof, and all material
amendments to the Plan shall be approved in the manner provided for approval of
the Plan in Section 4.
Section 10. As used in the Plan, (a) the term "Independent
Trustees" shall mean those Trustees of the Trust who are not interested persons
of the Trust, and have no direct or indirect financial interest in the
operation of the Plan or any agreements related to it, and (b) the terms
"assignment", "interested person" and "majority of the outstanding voting
securities" shall have the respective meanings specified in the 1940 Act and
the rules and regulations thereunder, subject to such exemptions as may be
granted by the Securities and Exchange Commission.
Adopted: September 26, 1997, effective , 1997
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APPENDIX A
TO THE CLASS B
DISTRIBUTION AND SHAREHOLDER SERVICE PLAN OF
PACIFIC CAPITAL FUNDS
Name of Distribution Plan Fund
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U.S. Treasury Securities Fund
Short Intermediate U.S. Treasury Securities Fund
Diversified Fixed Income Fund
Tax-Free Short Intermediate Securities Fund
Tax-Free Securities Fund
Growth Stock Fund
Balanced Fund
Growth and Income Fund
New Asia Growth Fund
Dated: , 1997
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Dates Referenced Herein and Documents Incorporated by Reference
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