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| Report |
| | |
| | | Registrant: Trust for Advised Portfolios — List all N-SARs |
| | | Semi-Annual Report (at mid-year) for the 1st-half period ended: 6/30/15 |
| | | Is this a Transition Report? Yes |
| | | Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info |
| | | Was the Answer File completed by the Registrant? Yes |
| | | Is this an Amendment to a previous Report? Yes |
| | | Is this a change to a previous Report? No |
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| Registrant |
| | |
| 1. | | SEC CIK: 1261788 |
| | | SEC File #: 811-21422 |
| | | Telephone #: 626-914-7385 |
|
| 2. | | Address: 615 East Michigan Street |
| | | Milwaukee, WI 53202 |
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| 3. | | Is this the first Form N-SAR filed by the Registrant? No |
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| 4. | | Is this the final Form N-SAR filed by the Registrant? No |
|
| |
| | | |
| 7. | | Is the Registrant a Funds/Series (multiple portfolios) company? Yes |
| | | The number of separate Funds/Series (portfolios) at period end: 8 |
| | | The number of separate Funds/Series (portfolios) reported here: 4... |
| | |
|
↓ | Series 4: 1919 Financial Services Fund — S#46891 ⇒ SBFAX & 2 more |
↓ | Series 6: 1919 Maryland Tax-Free Income Fund — S#46893 ⇒ LMMDX & 2 more |
↓ | Series 5: 1919 Socially Responsive Balanced Fund — S#46892 ⇒ SSIAX & 3 more |
↓ | Series 7: 1919 Variable Socially Responsive Balanced Fund — S#46894 ⇒ QLMICX |
|
| Family of Investment Companies |
| | |
| 19. | | Is the Registrant/Series part of a “family” of investment companies? No |
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| Investment Company Type |
| | |
| 27. | | Is the Registrant an “open-end” investment company? Yes, Open-End |
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| Additional Disclosures |
| | |
| 77. | | Did the Registrant file any additional Exhibits with the filing of this Report (listed here and filed either herewith — as one of the ‘EX-99.*’ ↑Exhibits in this Filing — or separately and incorporated by reference)? No |
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| Subsidiaries |
| | |
| 78. | | Does the Registrant have any wholly-owned investment company subsidiaries whose operating and financial data are consolidated with that of the Registrant in this Report? No |
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All Series | ↑List of 4 Funds/Series Reported Here |
| | | Information Common to All Funds/Series |
|
All: | Investment Adviser |
| | |
| 8.1 | | Name: 1919 Investment Counsel, LLC |
| | | Role: Adviser |
| | | SEC File #: 801-63656 |
| | | Location: Baltimore, MD |
|
All: | Administrator |
| | |
| 10.1 | | Name: U.S. Bancorp Fund Services, LLC |
| | | SEC File #: 085-11357 |
| | | Location: Milwaukee, WI |
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All: | Principal Underwriter |
| | |
| 11.1 | | Name: Quasar Distributiors, LLC |
| | | SEC File #: 008-52323 |
| | | Location: Milwaukee, WI |
|
All: | Shareholder Servicing/Transfer Agent |
| | |
| 12.1 | | Name: U.S. Bancorp Fund Service, LLC |
| | | SEC File #: 085-11357 |
| | | Location: Milwaukee, WI |
|
All: | Independent Public Accountant |
| | |
| 13.1 | | Name: BBD, LLP |
| | | Location: Philadelphia, PA |
|
All: | Affiliated Broker/Dealer |
| | |
| 14.1 | | Name: Century Securities Associates, Inc. |
| | | SEC File #: 008-43514 |
|
| 14.2 | | Name: E.J. De La Rosa & Co., Inc. |
| | | SEC File #: 008-41674 |
|
| 14.3 | | Name: Interstate-Sterne Agee & Leach, Inc. |
|
| 14.4 | | Name: Keefe, Bruyette, & Woods, Inc. |
| | | SEC File #: 008-10888 |
|
| 14.5 | | Name: Miller Buckfire & Co. LLC |
| | | SEC File #: 008-52631 |
|
| 14.6 | | Name: Stifel Nicolaus & Co., Inc. |
| | | SEC File #: 008-01447 |
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All: | Custodian |
| | |
| 15.1 | | Name: U.S. Bank, N.A. |
| | | Role: Custodian |
| | | Location: Milwaukee, WI |
| | | Type of custody: Section 17(f)(1) — Bank |
|
| 18. | | Does the Registrant’s/Series’ Custodian(s) maintain some or all of the Registrant’s/Series’ securities in a central depository or book-entry system pursuant to Rule 17f-4? Yes |
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All: | Brokerage Commissions Paid on Portfolio Transactions |
| | |
| 20. | | The brokers who received the largest amount of gross brokerage commissions during the period: |
| 20.1 | | Broker: JPMorgan Chase & Co. |
| | | IRS #: 13-2624428 |
| | | Commissions paid ($000s): 12 |
|
| 20.2 | | Broker: UBS Financial Services Inc. |
| | | IRS #: 13-2638166 |
| | | Commissions paid ($000s): 12 |
|
| 20.3 | | Broker: Raymond James & Associates, Inc. |
| | | IRS #: 59-1237041 |
| | | Commissions paid ($000s): 7 |
|
| 20.4 | | Broker: Wolfe Trahan Securities |
| | | Commissions paid ($000s): 4 |
|
| 20.5 | | Broker: Credit Suisse |
| | | IRS #: 13-2853402 |
| | | Commissions paid ($000s): 3 |
|
| 20.6 | | Broker: Baird Robert W. & Co., Inc. |
| | | IRS #: 39-6037917 |
| | | Commissions paid ($000s): 3 |
|
| 20.7 | | Broker: Barclay Investments Ltd. |
| | | IRS #: 05-0346412 |
| | | Commissions paid ($000s): 2 |
|
| 20.8 | | Broker: Wachovia Bank N.A. |
| | | IRS #: 56-0927594 |
| | | Commissions paid ($000s): 2 |
|
| 20.9 | | Broker: Morgan Stanley & Co., Inc. |
| | | IRS #: 13-2655998 |
| | | Commissions paid ($000s): 2 |
|
| 20.10 | | Broker: Janney Montgomery Scott, Inc. |
| | | IRS #: 23-0731260 |
| | | Commissions paid ($000s): 2 |
|
| 21. | | Total brokerage commissions paid by the Registrant during the period: Aggregate paid ($000s): 66 |
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All: | Portfolio Transactions with Entities Acting as Principals |
| | |
| 22. | | The entities acting as principals with whom the Registrant did the largest amount of portfolio transactions, based on total value of principal, during the period: |
| 22.1 | | Entity: Goldman Sachs & Co. |
| | | IRS #: 13-5108880 |
| | | Registrant’s purchases ($000s): 861 |
| | | Registrant’s sales ($000s): 1,218 |
|
| 22.2 | | Entity: Wachovia Bank N.A. |
| | | IRS #: 56-0927594 |
| | | Registrant’s purchases ($000s): 894 |
| | | Registrant’s sales ($000s): 1,174 |
|
| 22.3 | | Entity: Banc/America Secur. LLC Mongomey Div |
| | | Registrant’s sales ($000s): 1,426 |
|
| 22.4 | | Entity: Merrill Lynch Inc. |
| | | IRS #: 13-5674085 |
| | | Registrant’s purchases ($000s): 245 |
| | | Registrant’s sales ($000s): 1,014 |
|
| 22.5 | | Entity: J.P. Morgan Chase |
| | | IRS #: 13-3224016 |
| | | Registrant’s purchases ($000s): 917 |
|
| 22.6 | | Entity: Credit Suisse |
| | | IRS #: 13-5659485 |
| | | Registrant’s purchases ($000s): 764 |
|
| 22.7 | | Entity: Seaport Group |
| | | IRS #: 46-4157685 |
| | | Registrant’s purchases ($000s): 642 |
|
| 22.8 | | Entity: D.A. Davidson & Co. |
| | | Registrant’s purchases ($000s): 580 |
|
| 22.9 | | Entity: R.B.C. Dominion Securities Inc. |
| | | IRS #: 41-1416330 |
| | | Registrant’s purchases ($000s): 551 |
|
| 22.10 | | Entity: Citibank NA |
| | | Registrant’s sales ($000s): 467 |
|
| 23. | | Total purchase/sale transactions by the Registrant during the period: Aggregate purchases ($000s): 8,933 |
| | | Aggregate sales ($000s): 6,536 |
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All: | Considerations which Affected the Participation of Brokers or Dealers |
| | |
| 26. | | Considerations which affected the participation of brokers or dealers or other entities in commissions or other compensation paid on portfolio transactions of the Registrant:
Consideration? |
| | | Sales of the Registrant’s/Series’ shares ............................... No |
| | | Receipt of investment research and statistical info .................... Yes |
| | | Receipt of quotations for portfolio valuations ......................... No |
| | | Ability to execute portfolio transactions to obtain the best price and execution ........................................................ Yes |
| | | Receipt of telephone line and wire services ............................ No |
| | | Broker or Dealer which is an affiliated person ......................... No |
| | | An arrangement to return or credit part or all of commissions or profits thereon... To an Investment Adviser or Principal Underwriter, or to an affiliated person of either ...................................... No |
| | | To the Registrant .................................................. No |
| | | Other .................................................................. No |
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All: | Advisory Fee |
| | |
| 49. | | Was the Registrant’s/Series’ advisory fee during the period based solely on a percentage of its income? No |
|
| 50. | | Was the Registrant’s/Series’ advisory fee during the period based on some combined percentage of its income and assets? No |
|
| 51. | | Was the Registrant’s/Series’ advisory fee during the period based in whole or in part on its investment performance? No |
|
| 52. | | Was the Registrant’s/Series’ advisory fee during the period based in whole or in part on the assets, income or performance of other Registrants? No |
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| 53. | | Were the expenses of the Registrant/Series limited or reduced at any time during the period by some agreement or understanding other than by Blue Sky Laws? Yes |
|
| 54. | | Indicated below are whether services were supplied or paid for wholly or in substantial part by Investment Adviser(s) or Administrator(s) in connection with the advisory or administrative contract(s) but for which the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:
Provided to the Registrant? Occupancy and office rental ............................................ Yes |
| | | Clerical and bookkeeping services ...................................... Yes |
| | | Accounting services .................................................... Yes |
| | | Services of independent auditors ....................................... No |
| | | Services of outside counsel ............................................ No |
| | | Registration and filing fees ........................................... No |
| | | Stationery, supplies and printing ...................................... No |
| | | Salaries & compensation of Registrant’s interested Directors ........... No |
| | | Salaries & compensation of Registrant’s disinterested Directors ........ No |
| | | Salaries & compensation of Registrant’s Officers who aren’t Directors .. No |
| | | Reports to current shareholders ........................................ No |
| | | Determination of offering and redemption prices ........................ No |
| | | Trading department ..................................................... Yes |
| | | Prospectus preparation and printing for current shareholders ........... No |
| | | Other .................................................................. No |
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All: | Miscellaneous Info |
| | |
| 55. | | Did the Registrant/Series have any of the following outstanding at any time during the period which exceeded 1% of aggregate net assets: |
| | | Overdrafts? No |
| | | Bank loans? No |
|
| 56. | | During the period, did the Registrant’s/Series’ Investment Adviser(s) have advisory clients other than investment companies? Yes |
|
| 57. | | Did the Registrant/Series adjust the number of its shares outstanding by means of a stock split or stock dividend? No |
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Series 4 | ↑Information Common to All Funds/Series ↑List of 4 Funds/Series |
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| 7. | | Name: 1919 Financial Services Fund — S#46891 ⇒ SBFAX & 2 more |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 4: | Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
| | |
| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? Yes |
| 25. | | The brokers or dealers, or their parents (issuers): |
| 25.1 | | Name: Bank of America Merrill Lynch |
| | | IRS #: 56-2058405 |
| | | Type of security owned: Equity |
| | | Value of securities owned at period end ($000s): 2,042 |
|
| 25.2 | | Name: JPMorgan Chase & Co. |
| | | IRS #: 13-2624428 |
| | | Type of security owned: Equity |
| | | Value of securities owned at period end ($000s): 4,290 |
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S 4: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 1,305 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 3,279 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,188 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,286 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,604 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 3,492 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,728 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 3,658 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,514 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,936 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,503 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,708 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 8,842 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 16,359 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 4: | Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) |
| | |
| 29. | | Was a front-end sales load deducted from any share sales during the period? Yes |
|
| 30. | | Total front-end sales loads collected from sales (including exchanges) by Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter, of the Registrant’s/Series’ shares during the period ($000s): 76 |
| | | The maximum sales load rate in effect at period end as a percentage of the offering price: 5.75% |
| | | The minimum sales load rate in effect at period end as a percentage of the offering price: 0.0% |
|
| 31. | | Net amount retained by the Registrant’s/Series’ Principal Underwriter or by any underwriter or dealer which is an affiliated person of the Principal Underwriter thereof from front-end sales loads collected from sales of the Registrant’s/Series’ shares during the period ($000s): 0 |
| | | Amount by which payout by the Registrant’s/Series’ Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter thereof to persons or entities selling the Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0 |
|
| 32. | | Amount the Registrant’s/Series’ Principal Underwriter and any underwriters or dealers which are affiliated persons of the Principal Underwriter paid to dealers which are not affiliated persons of the Principal Underwriter for selling the Registrant’s/Series’ shares that were sold with a front-end sales load during the period ($000s): 76 |
|
| 33. | | Amount paid to a captive retail sales force of the Registrant’s/Series’ Principal Underwriter or of any underwriter or dealer which is an affiliated person of the Principal Underwriter for selling the Registrant’s shares that were sold with a front-end sales load during the period ($000s): 0 |
|
| 34. | | Did the Registrant/Series impose a deferred or contingent deferred sales load during the period? Yes |
|
| 35. | | Total deferred or contingent deferred sales loads collected during the period from redemptions and repurchases of the Registrant’s/Series’ shares ($000s): 3 |
|
| 36. | | Did the Registrant/Series retain all monies collected from the deferred or contingent deferred sales loads during the period? No |
| | | The net amount the Registrant/Series retained from deferred or contingent deferred sales loads ($000s): 0 |
|
| 37. | | Did the Registrant/Series impose a redemption fee other than a deferred or contingent sales load during the period? No |
|
| 39. | | Were any account maintenance fees or other administrative fees imposed directly on shareholders during the period? No |
|
S 4: | Payment Plan for the Distribution of Fund Shares |
| | |
| 40. | | During the period, did the Registrant/Series have a plan of distribution adopted pursuant to Rule 12b-1? Yes |
|
| 41. | | During the period, did the Registrant/Series use its assets directly to make payments under the 12b-1 plan? Yes |
|
| 42. | | For the period, the percentage of total dollars paid directly by the Registrant/Series under the 12b-1 plan for each of the following:
Percentage of Total Amount Paid (%) Advertising ............................................................ | – |
|
| | | Printing & mailing of prospectuses to other than current shareholders .. | – |
|
| | | Payments to underwriters ............................................... | – |
|
| | | Payments to brokers or dealers ......................................... | – |
|
| | | Direct payments to sales personnel ..................................... | – |
|
| | | Payments to banks and savings & loans .................................. | – |
|
| | | Other uses, including payments to its Investment Adviser separate from the advisory fee ................................................ | – |
|
| | | Unallocated payments made for a combination of such services ........... | 100 |
|
|
| 43. | | Total amount paid directly by the Registrant/Series pursuant to its 12b-1 plan ($000s): 200 |
|
| 44. | | If an Investment Adviser or other affiliated person of the Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan, the total amount of such payments ($000s): 0 |
|
S 4: | Advisory Fee |
| | |
| 45. | | Did the Registrant/Series have an advisory contract during the period? Yes |
|
| 46. | | Did the Registrant/Series pay more than one Investment Adviser directly for investment advice during the period? No |
|
| 47. | | Was the Registrant’s/Series’ advisory fee based solely on a percentage of its assets? Yes |
|
| 48. | | Fee (single rate or step rates) applied to the Registrant’s/Series’ assets based on the advisory contract: Single-fee rate: 0.8% |
| | | Step-fee rates: For 1st $000s: 0 |
| | | Annual rate: 0.0% |
|
S 4: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? No |
| | | Was the Registrant/Series a diversified investment company at the end of the period? No |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $1,000 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? No |
|
| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? Yes |
| | | Which best describes its primary investment objective:
Aggressive capital appreciation? No |
| | | Capital appreciation? Yes |
| | | Growth? No |
| | | Growth and income? No |
| | | Income? No |
| | | Total return? No |
|
| 67. | | Is the Registrant/Series a “balanced” Fund? No |
|
| 68. | | Does the Registrant/Series have more than 50% of its net assets at period end invested in the securities of issuers... Engaged primarily in production or distribution of precious metals? No |
| | | Located primarily in countries other than the United States? No |
|
| 69. | | Is the Registrant/Series an index Fund? No |
|
S 4: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? Yes No |
| | | Writing or investing in options on debt securities? Yes No |
| | | Writing or investing in options on stock indices? Yes No |
| | | Writing or investing in interest rate futures? Yes No |
| | | Writing or investing in stock index futures? Yes No |
| | | Writing or investing in options on futures? Yes No |
| | | Writing or investing in options on stock index futures? Yes No |
| | | Writing or investing in other commodity futures? Yes No |
| | | Investments in restricted securities? Yes No |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? Yes to both |
| | | Currency exchange transactions? Yes to both |
| | | Loaning portfolio securities? Yes No |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes No |
| | | Margin purchases? Yes No |
| | | Short selling? Yes No |
|
S 4: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 8,296 |
| | | Sales ($000s): 14,332 |
| | | Monthly average Value of portfolio ($000s): 106,807 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 8% |
|
S 4: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | – |
|
| | | Net dividend income .............................................. | 1,011 |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 436 |
|
| | | Administrator fees ............................................... | 37 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 99 |
|
| | | Custodian fees ................................................... | 9 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 17 |
|
| | | Directors’ fees .................................................. | 7 |
|
| | | Registration fees ................................................ | 29 |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | 7 |
|
| | | Legal fees ....................................................... | 8 |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | 200 |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | 12 |
|
| | | Total expenses ................................................... | 861 |
|
| | | Expense reimbursements ($000s): 31 |
| | | Net investment income ($000s): 181 |
| | | Realized capital gains ($000s): 4,297 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 834 |
| | | Total income dividends for which the record date passed during the period ($000s): 0 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.0000 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
|
S 4: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 3,373 |
|
| | | Common stock ..................................................... | 108,305 |
|
| | | Receivables from portfolio instruments sold ...................... | 110 |
|
| | | Other receivables ................................................ | 62 |
|
| | | All other assets ................................................. | 26 |
|
| | | Total assets ..................................................... | 111,876 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 280 |
|
| | | All other liabilities .......................................... | 302 |
|
| | | Net assets of common shareholders ................................ | 111,294 |
|
| | | Number of shares outstanding (000s): 3,132 |
| | | Number of shares outstanding of a second class of shares (000s): 2,481 |
| | | Net Asset Value (NAV) per share (to nearest cent): $20.10 |
| | | NAV per share of a second class of shares (to nearest cent): $18.89 |
| | | Total number of shareholder accounts: 2,894 |
| | | Total value of assets in segregated accounts ($000s): 0 |
|
| 75. | | Monthly average net assets during the period ($000s): 109,813 |
|
Series 5 | ↑Information Common to All Funds/Series ↑List of 4 Funds/Series |
|
| 7. | | Name: 1919 Socially Responsive Balanced Fund — S#46892 ⇒ SSIAX & 3 more |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 5: | Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
| | |
| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? Yes |
| 25. | | The brokers or dealers, or their parents (issuers): |
| 25.1 | | Name: Banc of America Merrill Lynch |
| | | IRS #: 56-2058405 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 1,654 |
|
| 25.2 | | Name: Barclays Capital, Inc. |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 455 |
|
| 25.3 | | Name: Citigroup Global Markets |
| | | IRS #: 13-3986032 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 352 |
|
| 25.4 | | Name: Goldman Sachs & Co. |
| | | IRS #: 13-5108880 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 454 |
|
| 25.5 | | Name: JPMorgan Chase & Co. |
| | | IRS #: 13-2624428 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 220 |
|
| 25.6 | | Name: Morgan Stanley |
| | | IRS #: 13-2655998 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 658 |
|
S 5: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 918 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,450 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 567 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,613 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 681 |
|
| | | Reinvestment of dividends and distributions ................ | 193 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,611 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 373 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,477 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,032 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,204 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 613 |
|
| | | Reinvestment of dividends and distributions ................ | 230 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,471 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 4,184 |
|
| | | Reinvestment of dividends and distributions ................ | 423 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 9,826 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 5: | Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) |
| | |
| 29. | | Was a front-end sales load deducted from any share sales during the period? Yes |
|
| 30. | | Total front-end sales loads collected from sales (including exchanges) by Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter, of the Registrant’s/Series’ shares during the period ($000s): 55 |
| | | The maximum sales load rate in effect at period end as a percentage of the offering price: 5.75% |
| | | The minimum sales load rate in effect at period end as a percentage of the offering price: 0.0% |
|
| 31. | | Net amount retained by the Registrant’s/Series’ Principal Underwriter or by any underwriter or dealer which is an affiliated person of the Principal Underwriter thereof from front-end sales loads collected from sales of the Registrant’s/Series’ shares during the period ($000s): 0 |
| | | Amount by which payout by the Registrant’s/Series’ Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter thereof to persons or entities selling the Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0 |
|
| 32. | | Amount the Registrant’s/Series’ Principal Underwriter and any underwriters or dealers which are affiliated persons of the Principal Underwriter paid to dealers which are not affiliated persons of the Principal Underwriter for selling the Registrant’s/Series’ shares that were sold with a front-end sales load during the period ($000s): 55 |
|
| 33. | | Amount paid to a captive retail sales force of the Registrant’s/Series’ Principal Underwriter or of any underwriter or dealer which is an affiliated person of the Principal Underwriter for selling the Registrant’s shares that were sold with a front-end sales load during the period ($000s): 0 |
|
| 34. | | Did the Registrant/Series impose a deferred or contingent deferred sales load during the period? Yes |
|
| 35. | | Total deferred or contingent deferred sales loads collected during the period from redemptions and repurchases of the Registrant’s/Series’ shares ($000s): 1 |
|
| 36. | | Did the Registrant/Series retain all monies collected from the deferred or contingent deferred sales loads during the period? No |
| | | The net amount the Registrant/Series retained from deferred or contingent deferred sales loads ($000s): 0 |
|
| 37. | | Did the Registrant/Series impose a redemption fee other than a deferred or contingent sales load during the period? No |
|
| 39. | | Were any account maintenance fees or other administrative fees imposed directly on shareholders during the period? No |
|
S 5: | Payment Plan for the Distribution of Fund Shares |
| | |
| 40. | | During the period, did the Registrant/Series have a plan of distribution adopted pursuant to Rule 12b-1? Yes |
|
| 41. | | During the period, did the Registrant/Series use its assets directly to make payments under the 12b-1 plan? Yes |
|
| 42. | | For the period, the percentage of total dollars paid directly by the Registrant/Series under the 12b-1 plan for each of the following:
Percentage of Total Amount Paid (%) Advertising ............................................................ | – |
|
| | | Printing & mailing of prospectuses to other than current shareholders .. | – |
|
| | | Payments to underwriters ............................................... | – |
|
| | | Payments to brokers or dealers ......................................... | – |
|
| | | Direct payments to sales personnel ..................................... | – |
|
| | | Payments to banks and savings & loans .................................. | – |
|
| | | Other uses, including payments to its Investment Adviser separate from the advisory fee ................................................ | – |
|
| | | Unallocated payments made for a combination of such services ........... | 100 |
|
|
| 43. | | Total amount paid directly by the Registrant/Series pursuant to its 12b-1 plan ($000s): 233 |
|
| 44. | | If an Investment Adviser or other affiliated person of the Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan, the total amount of such payments ($000s): 0 |
|
S 5: | Advisory Fee |
| | |
| 45. | | Did the Registrant/Series have an advisory contract during the period? Yes |
|
| 46. | | Did the Registrant/Series pay more than one Investment Adviser directly for investment advice during the period? No |
|
| 47. | | Was the Registrant’s/Series’ advisory fee based solely on a percentage of its assets? Yes |
|
| 48. | | Fee (single rate or step rates) applied to the Registrant’s/Series’ assets based on the advisory contract: Single-fee rate: 0.0% |
| | | Step-fee rates: For 1st $000s: 100,000 |
| | | Annual rate: 0.65% |
| | | Of next $000s: 100,000 |
| | | Annual rate: 0.61% |
| | | Of next $000s: 100,000 |
| | | Annual rate: 0.51% |
| | | & Above $000s: 300,000 |
| | | Annual rate: 0.46% |
|
S 5: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? Yes |
| | | Was the Registrant/Series a diversified investment company at the end of the period? Yes |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $1,000 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? No |
|
| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? Yes |
| | | Which best describes its primary investment objective:
Aggressive capital appreciation? No |
| | | Capital appreciation? No |
| | | Growth? No |
| | | Growth and income? No |
| | | Income? No |
| | | Total return? Yes |
|
| 67. | | Is the Registrant/Series a “balanced” Fund? Yes |
|
| 68. | | Does the Registrant/Series have more than 50% of its net assets at period end invested in the securities of issuers... Engaged primarily in production or distribution of precious metals? No |
| | | Located primarily in countries other than the United States? No |
|
| 69. | | Is the Registrant/Series an index Fund? No |
|
S 5: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? Yes No |
| | | Writing or investing in options on debt securities? Yes No |
| | | Writing or investing in options on stock indices? Yes No |
| | | Writing or investing in interest rate futures? Yes No |
| | | Writing or investing in stock index futures? Yes No |
| | | Writing or investing in options on futures? Yes No |
| | | Writing or investing in options on stock index futures? Yes No |
| | | Writing or investing in other commodity futures? Yes No |
| | | Investments in restricted securities? Yes No |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? Yes to both |
| | | Currency exchange transactions? Yes No |
| | | Loaning portfolio securities? Yes No |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes No |
| | | Margin purchases? Yes No |
| | | Short selling? Yes No |
|
S 5: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 18,170 |
| | | Sales ($000s): 25,670 |
| | | Monthly average Value of portfolio ($000s): 132,811 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 14% |
|
S 5: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | 571 |
|
| | | Net dividend income .............................................. | 696 |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 432 |
|
| | | Administrator fees ............................................... | 54 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 43 |
|
| | | Custodian fees ................................................... | 5 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 24 |
|
| | | Directors’ fees .................................................. | 7 |
|
| | | Registration fees ................................................ | 24 |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | 8 |
|
| | | Legal fees ....................................................... | 5 |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | 233 |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | 13 |
|
| | | Total expenses ................................................... | 848 |
|
| | | Expense reimbursements ($000s): 0 |
| | | Net investment income ($000s): 419 |
| | | Realized capital gains ($000s): 5,880 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 6,295 |
| | | Total income dividends for which the record date passed during the period ($000s): 414 |
| | | Dividends for a second class of shares ($000s): 27 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.0692 |
| | | Dividends for a second class of shares: $0.1084 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
|
S 5: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 3,088 |
|
| | | Long-term debt securities, including convertible debt ............ | 39,074 |
|
| | | Common stock ..................................................... | 89,550 |
|
| | | Receivables from portfolio instruments sold ...................... | 63 |
|
| | | Other receivables ................................................ | 426 |
|
| | | All other assets ................................................. | 38 |
|
| | | Total assets ..................................................... | 132,239 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 101 |
|
| | | All other liabilities .......................................... | 393 |
|
| | | Net assets of common shareholders ................................ | 131,745 |
|
| | | Number of shares outstanding (000s): 5,938 |
| | | Number of shares outstanding of a second class of shares (000s): 1,209 |
| | | Net Asset Value (NAV) per share (to nearest cent): $18.42 |
| | | NAV per share of a second class of shares (to nearest cent): $18.62 |
| | | Total number of shareholder accounts: 1,299 |
| | | Total value of assets in segregated accounts ($000s): 0 |
|
| 75. | | Monthly average net assets during the period ($000s): 136,318 |
|
Series 6 | ↑Information Common to All Funds/Series ↑List of 4 Funds/Series |
|
| 7. | | Name: 1919 Maryland Tax-Free Income Fund — S#46893 ⇒ LMMDX & 2 more |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 6: | Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
| | |
| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? No |
|
S 6: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 592 |
|
| | | Reinvestment of dividends and distributions ................ | 411 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,446 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 287 |
|
| | | Reinvestment of dividends and distributions ................ | 364 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,581 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 125 |
|
| | | Reinvestment of dividends and distributions ................ | 391 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,994 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 2,603 |
|
| | | Reinvestment of dividends and distributions ................ | 380 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 3,869 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,142 |
|
| | | Reinvestment of dividends and distributions ................ | 399 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,656 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 123 |
|
| | | Reinvestment of dividends and distributions ................ | 384 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 2,078 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 4,872 |
|
| | | Reinvestment of dividends and distributions ................ | 2,329 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 15,624 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 6: | Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) |
| | |
| 29. | | Was a front-end sales load deducted from any share sales during the period? Yes |
|
| 30. | | Total front-end sales loads collected from sales (including exchanges) by Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter, of the Registrant’s/Series’ shares during the period ($000s): 17 |
| | | The maximum sales load rate in effect at period end as a percentage of the offering price: 4.25% |
| | | The minimum sales load rate in effect at period end as a percentage of the offering price: 0.0% |
|
| 31. | | Net amount retained by the Registrant’s/Series’ Principal Underwriter or by any underwriter or dealer which is an affiliated person of the Principal Underwriter thereof from front-end sales loads collected from sales of the Registrant’s/Series’ shares during the period ($000s): 0 |
| | | Amount by which payout by the Registrant’s/Series’ Principal Underwriter or by any underwriter which is an affiliated person of the Principal Underwriter thereof to persons or entities selling the Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0 |
|
| 32. | | Amount the Registrant’s/Series’ Principal Underwriter and any underwriters or dealers which are affiliated persons of the Principal Underwriter paid to dealers which are not affiliated persons of the Principal Underwriter for selling the Registrant’s/Series’ shares that were sold with a front-end sales load during the period ($000s): 17 |
|
| 33. | | Amount paid to a captive retail sales force of the Registrant’s/Series’ Principal Underwriter or of any underwriter or dealer which is an affiliated person of the Principal Underwriter for selling the Registrant’s shares that were sold with a front-end sales load during the period ($000s): 0 |
|
| 34. | | Did the Registrant/Series impose a deferred or contingent deferred sales load during the period? Yes |
|
| 35. | | Total deferred or contingent deferred sales loads collected during the period from redemptions and repurchases of the Registrant’s/Series’ shares ($000s): 1 |
|
| 36. | | Did the Registrant/Series retain all monies collected from the deferred or contingent deferred sales loads during the period? No |
| | | The net amount the Registrant/Series retained from deferred or contingent deferred sales loads ($000s): 0 |
|
| 37. | | Did the Registrant/Series impose a redemption fee other than a deferred or contingent sales load during the period? No |
|
| 39. | | Were any account maintenance fees or other administrative fees imposed directly on shareholders during the period? No |
|
S 6: | Payment Plan for the Distribution of Fund Shares |
| | |
| 40. | | During the period, did the Registrant/Series have a plan of distribution adopted pursuant to Rule 12b-1? Yes |
|
| 41. | | During the period, did the Registrant/Series use its assets directly to make payments under the 12b-1 plan? Yes |
|
| 42. | | For the period, the percentage of total dollars paid directly by the Registrant/Series under the 12b-1 plan for each of the following:
Percentage of Total Amount Paid (%) Advertising ............................................................ | – |
|
| | | Printing & mailing of prospectuses to other than current shareholders .. | – |
|
| | | Payments to underwriters ............................................... | – |
|
| | | Payments to brokers or dealers ......................................... | – |
|
| | | Direct payments to sales personnel ..................................... | – |
|
| | | Payments to banks and savings & loans .................................. | – |
|
| | | Other uses, including payments to its Investment Adviser separate from the advisory fee ................................................ | – |
|
| | | Unallocated payments made for a combination of such services ........... | 100 |
|
|
| 43. | | Total amount paid directly by the Registrant/Series pursuant to its 12b-1 plan ($000s): 165 |
|
| 44. | | If an Investment Adviser or other affiliated person of the Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan, the total amount of such payments ($000s): 0 |
|
S 6: | Advisory Fee |
| | |
| 45. | | Did the Registrant/Series have an advisory contract during the period? Yes |
|
| 46. | | Did the Registrant/Series pay more than one Investment Adviser directly for investment advice during the period? No |
|
| 47. | | Was the Registrant’s/Series’ advisory fee based solely on a percentage of its assets? Yes |
|
| 48. | | Fee (single rate or step rates) applied to the Registrant’s/Series’ assets based on the advisory contract: Single-fee rate: 0.55% |
| | | Step-fee rates: For 1st $000s: 0 |
| | | Annual rate: 0.0% |
|
S 6: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? No |
| | | Was the Registrant/Series a diversified investment company at the end of the period? No |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $1,000 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? Yes |
| | | The percentage of net assets in each type at period end:
Debt — Short-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | Repurchase agreements ....................... 0.0 |
| | | State and Municipal – tax-free .............. 0.0 |
| | | Bank certificates of deposit – domestic ..... 0.0 |
| | | Bank certificates of deposit – foreign ...... 0.0 |
| | | Bankers acceptances ......................... 0.0 |
| | | Commercial paper – taxable .................. 0.0 |
| | | Time deposits ............................... 0.0 |
| | | Options ..................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Debt — Intermediate & Long-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | State and Municipal – tax-free .............. 96.5 |
| | | Corporate ................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Non-Debt Investments other than debt securities ...... 3.5% |
|
| 63. | | The dollar-weighted average portfolio maturity at period end in days or, if longer than one year, in years (to one decimal place): Days: 0 |
| | | Years: 11.0 |
|
| 64. | | Is the timely payment of principal and interest on any of the instruments listed in Item 62 insured or guaranteed by an entity other than the issuer? Yes |
| | | Is the issuer of any instrument covered in Item 62 delinquent or in default as to payment of principal or interest at period end? No |
|
| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? No |
|
| 67. | | Is the Registrant/Series a “balanced” Fund? No |
|
| 68. | | Does the Registrant/Series have more than 50% of its net assets at period end invested in the securities of issuers... Engaged primarily in production or distribution of precious metals? No |
| | | Located primarily in countries other than the United States? No |
|
| 69. | | Is the Registrant/Series an index Fund? No |
|
S 6: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? Yes No |
| | | Writing or investing in options on debt securities? Yes No |
| | | Writing or investing in options on stock indices? Yes No |
| | | Writing or investing in interest rate futures? Yes No |
| | | Writing or investing in stock index futures? Yes No |
| | | Writing or investing in options on futures? Yes No |
| | | Writing or investing in options on stock index futures? Yes No |
| | | Writing or investing in other commodity futures? Yes No |
| | | Investments in restricted securities? Yes No |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? Yes to both |
| | | Currency exchange transactions? Yes No |
| | | Loaning portfolio securities? Yes No |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes No |
| | | Margin purchases? No – |
| | | Short selling? No – |
|
S 6: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 3,551 |
| | | Sales ($000s): 14,139 |
| | | Monthly average Value of portfolio ($000s): 142,578 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 2% |
|
S 6: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | 3,255 |
|
| | | Net dividend income .............................................. | – |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 399 |
|
| | | Administrator fees ............................................... | 50 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 49 |
|
| | | Custodian fees ................................................... | 3 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 22 |
|
| | | Directors’ fees .................................................. | 7 |
|
| | | Registration fees ................................................ | 17 |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | 10 |
|
| | | Legal fees ....................................................... | 6 |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | 165 |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | 10 |
|
| | | Total expenses ................................................... | 738 |
|
| | | Expense reimbursements ($000s): 138 |
| | | Net investment income ($000s): 2,655 |
| | | Realized capital gains ($000s): 62 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 2,554 |
| | | Total income dividends for which the record date passed during the period ($000s): 1,883 |
| | | Dividends for a second class of shares ($000s): 772 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.3727 |
| | | Dividends for a second class of shares: $0.7004 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
|
S 6: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 3,413 |
|
| | | Long-term debt securities, including convertible debt ............ | 135,326 |
|
| | | Receivables from portfolio instruments sold ...................... | 20 |
|
| | | Other receivables ................................................ | 2,142 |
|
| | | All other assets ................................................. | 28 |
|
| | | Total assets ..................................................... | 140,929 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 489 |
|
| | | All other liabilities .......................................... | 258 |
|
| | | Net assets of common shareholders ................................ | 140,182 |
|
| | | Number of shares outstanding (000s): 6,059 |
| | | Number of shares outstanding of a second class of shares (000s): 2,614 |
| | | Net Asset Value (NAV) per share (to nearest cent): $16.16 |
| | | NAV per share of a second class of shares (to nearest cent): $16.16 |
| | | Total number of shareholder accounts: 491 |
| | | Total value of assets in segregated accounts ($000s): 0 |
|
| 75. | | Monthly average net assets during the period ($000s): 146,213 |
|
Series 7 | ↑Information Common to All Funds/Series ↑List of 4 Funds/Series |
|
| 7. | | Name: 1919 Variable Socially Responsive Balanced Fund — S#46894 ⇒ QLMICX |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 7: | Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
| | |
| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? Yes |
| 25. | | The brokers or dealers, or their parents (issuers): |
| 25.1 | | Name: Banc of America Merrill Lynch |
| | | IRS #: 56-2058405 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 464 |
|
| 25.2 | | Name: Barclays Capital, Inc. |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 178 |
|
| 25.3 | | Name: Citigroup Global Markets |
| | | IRS #: 13-3986032 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 119 |
|
| 25.4 | | Name: Goldman Sachs & Co. |
| | | IRS #: 13-5108880 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 151 |
|
| 25.5 | | Name: J.P. Morgan Chase & Co. |
| | | IRS #: 13-2624428 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 83 |
|
| 25.6 | | Name: Morgan Stanley |
| | | IRS #: 13-2655998 |
| | | Type of security owned: Debt |
| | | Value of securities owned at period end ($000s): 224 |
|
S 7: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 22 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 315 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 5 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 241 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 1,238 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 471 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 3 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 1,031 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 25 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 381 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 7 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 879 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 1,300 |
|
| | | Reinvestment of dividends and distributions ................ | – |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 3,318 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 7: | Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) |
| | |
| 29. | | Was a front-end sales load deducted from any share sales during the period? No |
|
| 34. | | Did the Registrant/Series impose a deferred or contingent deferred sales load during the period? No |
|
| 37. | | Did the Registrant/Series impose a redemption fee other than a deferred or contingent sales load during the period? No |
|
| 39. | | Were any account maintenance fees or other administrative fees imposed directly on shareholders during the period? No |
|
S 7: | Payment Plan for the Distribution of Fund Shares |
| | |
| 40. | | During the period, did the Registrant/Series have a plan of distribution adopted pursuant to Rule 12b-1? No |
|
S 7: | Advisory Fee |
| | |
| 45. | | Did the Registrant/Series have an advisory contract during the period? Yes |
|
| 46. | | Did the Registrant/Series pay more than one Investment Adviser directly for investment advice during the period? No |
|
| 47. | | Was the Registrant’s/Series’ advisory fee based solely on a percentage of its assets? Yes |
|
| 48. | | Fee (single rate or step rates) applied to the Registrant’s/Series’ assets based on the advisory contract: Single-fee rate: 0.0% |
| | | Step-fee rates: For 1st $000s: 100,000 |
| | | Annual rate: 0.65% |
| | | Of next $000s: 100,000 |
| | | Annual rate: 0.61% |
| | | Of next $000s: 100,000 |
| | | Annual rate: 0.51% |
| | | & Above $000s: 300,000 |
| | | Annual rate: 0.46% |
|
S 7: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? Yes |
| | | Was the Registrant/Series a diversified investment company at the end of the period? Yes |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $0 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? No |
|
| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? Yes |
| | | Which best describes its primary investment objective:
Aggressive capital appreciation? No |
| | | Capital appreciation? No |
| | | Growth? No |
| | | Growth and income? No |
| | | Income? No |
| | | Total return? Yes |
|
| 67. | | Is the Registrant/Series a “balanced” Fund? Yes |
|
| 68. | | Does the Registrant/Series have more than 50% of its net assets at period end invested in the securities of issuers... Engaged primarily in production or distribution of precious metals? No |
| | | Located primarily in countries other than the United States? No |
|
| 69. | | Is the Registrant/Series an index Fund? No |
|
S 7: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? Yes No |
| | | Writing or investing in options on debt securities? Yes No |
| | | Writing or investing in options on stock indices? Yes No |
| | | Writing or investing in interest rate futures? Yes No |
| | | Writing or investing in stock index futures? Yes No |
| | | Writing or investing in options on futures? Yes No |
| | | Writing or investing in options on stock index futures? Yes No |
| | | Writing or investing in other commodity futures? Yes No |
| | | Investments in restricted securities? Yes No |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? Yes to both |
| | | Currency exchange transactions? Yes No |
| | | Loaning portfolio securities? Yes No |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes No |
| | | Margin purchases? Yes No |
| | | Short selling? Yes No |
|
S 7: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 7,216 |
| | | Sales ($000s): 8,793 |
| | | Monthly average Value of portfolio ($000s): 45,736 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 16% |
|
S 7: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | 197 |
|
| | | Net dividend income .............................................. | 244 |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 153 |
|
| | | Administrator fees ............................................... | 34 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 28 |
|
| | | Custodian fees ................................................... | 2 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 13 |
|
| | | Directors’ fees .................................................. | 7 |
|
| | | Registration fees ................................................ | – |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | 8 |
|
| | | Legal fees ....................................................... | 10 |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | – |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | 9 |
|
| | | Total expenses ................................................... | 264 |
|
| | | Expense reimbursements ($000s): 54 |
| | | Net investment income ($000s): 231 |
| | | Realized capital gains ($000s): 2,509 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 2,666 |
| | | Total income dividends for which the record date passed during the period ($000s): 0 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.0000 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
|
S 7: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 656 |
|
| | | Long-term debt securities, including convertible debt ............ | 13,363 |
|
| | | Common stock ..................................................... | 31,450 |
|
| | | Other receivables ................................................ | 141 |
|
| | | All other assets ................................................. | 3 |
|
| | | Total assets ..................................................... | 45,613 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 22 |
|
| | | All other liabilities .......................................... | 79 |
|
| | | Net assets of common shareholders ................................ | 45,512 |
|
| | | Number of shares outstanding (000s): 1,528 |
| | | Net Asset Value (NAV) per share (to nearest cent): $29.79 |
| | | Total number of shareholder accounts: 4 |
| | | Total value of assets in segregated accounts ($000s): 0 |
|
| 75. | | Monthly average net assets during the period ($000s): 47,515 |
|
Signature | | ↑Top of Form N-SAR |
| | | |
| | | /s/ Russell B. Simon |
| | | Name: Russell B. Simon |
| | | Title: Treasurer & Principal Financial Officer |