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Registration No. 33-80195
811-9142
Filed March 15, 1996
______________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 2 X
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and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940
Amendment No. 2 X
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__________________________________
THE NAVELLIER PERFORMANCE FUNDS
920 Incline Way, Building No. 1
Incline Village, Nevada 89450
(702) 831-7800
Agent for Service:
SAMUEL KORNHAUSER
155 Jackson Street, Suite 1807
San Francisco, California 94111
It is proposed that this filing will become effective (check appropriate box)
[X] immediately upon filing pursuant to Rule 485 paragraph (b)(1)(vii)
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
[ ] 75 days after filing pursuant to paragraph (a)(ii)
[ ] on (date) pursuant to paragraph (a)(ii) of the rule 485
______________________________________________________________________________
Registrant has declared that it has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Investment Company Act
Rule 24f-2 and that the Rule 24f-2 Notice for Registrant's fiscal year 1996 will
be filed on or before February 28, 1997.
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EXPLANATORY NOTE
This Post-Effective Amendment No. 2 to the Registration Statement contains
the pages of the Prospectus and Statement of Additional Information of The
Navellier Performance Funds which are being amended by these non-material
amendments.
This Post-Effective Amendment No. 2 to the Registration Statement
incorporates by reference the Prospectus and Statements of Additional
Information and Exhibits attached as Part C of the Registration Statement filed
December 8, 1995 and Post-Effective Amendment No. 1 filed January 2, 1996 with
respect to The Navellier Performance Funds, which is incorporated herein by
reference in their entirety and no changes to said Prospectuses or Statements of
Additional Information or Exhibits or Post-Effective Amendment No. 1 are
affected by this Post-Effective Amendment No. 2, except for the non-material
amendments to the Prospectus and Statement of Additional Information and
Exhibits and to Post-Effective Amendment No. 1 filed herewith as part of this
Post-Effective Amendment No. 2.
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SHAREHOLDER TRANSACTION EXPENSES
AND ANNUAL FUND OPERATING EXPENSES
NAVELLIER
AGGRESSIVE GROWTH
PORTFOLIO
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<TABLE>
<S> <C>
SHAREHOLDER TRANSACTION EXPENSES/1/
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Maximum Sales Load Imposed on Purchases (as a
percentage of offering price)..................................... 0%
Maximum Sales Load Imposed on Reinvested
Dividends......................................................... None
Redemption Fees.................................................... None
Exchange Fee/3/.................................................... 0-$5
ANNUAL FUND OPERATING EXPENSES (AS A PERCENTAGE OF
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AVERAGE NET ASSETS)
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Management Fees/4/................................................. 1.25%
12b-1 Fees/2/...................................................... 0.25%
Other Expenses/5/.................................................. 0.50%
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Total Fund Operating Expenses/6/................................... 2.00%
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</TABLE>
_______________________
/1/ The above table of fees and other expenses is provided to assist you
in understanding the various potential costs and expenses that an invester in
the Fund may bear directly or indirectly since the Fund has no operating
history. The Investment Adviser may, but is under no obligation to, reimburse
the Fund's expenses now or in the future.
/2/ The Aggressive Growth Portfolio does not charge an initial sales
load but does pay an annual 0.25% 12b-1 fee to the distributor or brokers who
have signed a selling agreement with the Fund. The Fund pays these brokers or
the distributor annually 0.25% of the value of the assets of the Fund which were
obtained by said brokers or distributor. The fee is paid to the broker or
distributor for continuous personal services by such broker or distributor to
investers in the Aggressive Growth Portfolio. Investors may also be charged a
transaction fee if they effect transactions in fund shares through a broker or
agent.
/3/ Shares of the Aggressive Growth Portfolio or any future portfolio
may be exchanged for shares of any other Fund Portfolio or any portfolio of The
Navellier Series Fund at net asset value without charge (up to five (5)
exchanges per account). There is a charge of $5 per exchange thereafter. There
are presently no other Fund Portfolios. There is one other Navellier Series
Fund Portfolio - The Navellier Aggressive Small Cap Equity Portfolio.
/4/ Represents the advisory fee paid to Navellier Management, Inc. (See
"Expenses of the Fund - Compensation of the Investment Adviser".)
/5/ Since the Fund has no operating history, this 0.50% represents an
estimate of all other expenses of the Portfolio (except the 12b-1 fee).
/6/ This includes the annual 0.25% 12b-1 fee which has the effect of
increasing annual operating expenses.
1
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If an order for shares of a Portfolio is received by the Transfer Agent by
4 p.m. on any business day, such shares will be purchased at the net asset value
determined as of 4 p.m. on that day. Otherwise, such shares will be purchased
at the net asset value determined as of 4 p.m. on the next day. However, orders
received by the Transfer Agent from the Distributor or from dealers or brokers
after the net asset value is determined that day will receive such net asset
value price if the orders were received by the Distributor or broker or dealer
from its customer prior to such determination and were transmitted to and
received by the Transfer Agent prior to its close of business on that day
(normally 4 p.m. E.S.T). Shares are entitled to receive any declared dividends
on the day following the date of purchase.
PURCHASES THROUGH SELECTED DEALERS
Shares purchased through Selected Dealers will be effected at the net asset
value next determined after the Selected Dealer receives the purchase order,
provided that the Selected Dealer transmits the order to the Transfer Agent and
the Transfer Agent accepts the order by 4:00 p.m. E.S.T. on the day of
determination. See "Valuation of Shares". If an invester's order is not
transmitted and accepted by 4:00 p.m. E.S.T., the invester must settle his or
her entitlement to that day's net asset value with the Selected Dealer.
Investors may also be charged a transaction fee if they effect transactions in
fund shares through a broker or agent.
Certain selected Dealers may effect transactions in shares of the
Portfolios through the National Securities Clearing Corporation's Fund/SERV
system.
Purchases of shares through Selected Dealers not utilizing the National
Securities Clearing Corporation's Fund/SERV system will be effected when
received in proper form by the Transfer Agent, as described above, in the same
manner and subject to the same terms and conditions as are applicable to shares
purchased directly through the Transfer Agent. There is no sales load charged
to the invester on purchases of the Fund's Portfolios (see "The Navellier
Performance Funds" following), whether purchased through a Selected Dealer or
directly through the Transfer Agent; there is however an annual Rule 12b-1 fee.
Shareholders who wish to transfer Fund shares from one broker-dealer to
another should contact the Fund at (800) 621-7874.
TO INVEST BY BANK WIRE: Request a wire transfer to:
Rushmore Federal Savings Bank
Bethesda, MD
Routing Number 0550 71084
For Account of The Navellier Performance Funds
Account Number 029 385770
AFTER INSTRUCTING YOUR BANK TO TRANSFER MONEY BY WIRE, YOU MUST TELEPHONE
THE FUND AT (800) 622-1386 OR (301) 657-1510 BETWEEN 8:30 A.M. AND 4:00 P.M.
E.S.T. AND TELL US THE AMOUNT YOU TRANSFERRED AND THE NAME OF THE BANK SENDING
THE TRANSFER. YOUR BANK MAY CHARGE A FEE FOR SUCH SERVICES. IF THE PURCHASE
20
<PAGE>
PART B
THE NAVELLIER PERFORMANCE FUNDS
STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 2, 1996
This Statement of Additional Information, which is not a prospectus, should be
read in conjunction with the Prospectus of The Navellier Performance Funds (the
"Fund"), dated January 2, 1996, a copy of which Prospectus may be obtained,
without charge, by contacting the Fund, at its mailing address c/o Navellier
Securities, Corp., Call Box 10012, Incline Village, NV 89450;
Tel: 1-800-887-8671.
TABLE OF CONTENTS
<TABLE>
<CAPTION>
<S> <C>
GENERAL INFORMATION AND HISTORY....................... 1
INVESTMENT OBJECTIVES AND POLICIES.................... 1
TRUSTEES AND OFFICERS OF THE FUND..................... 5
CONTROL PERSONS AND PRINCIPAL HOLDERS OF SECURITIES... 7
THE INVESTMENT ADVISER, DISTRIBUTOR,
CUSTODIAN AND TRANSFER AGENT.......................... 8
BROKERAGE ALLOCATION AND OTHER PRACTICES.............. 11
CAPITAL STOCK AND OTHER SECURITIES.................... 13
PURCHASE, REDEMPTION, AND PRICING OF SHARES........... 13
TAXES................................................. 14
UNDERWRITERS.......................................... 17
CALCULATION OF PERFORMANCE DATA....................... 17
REPORT OF INDEPENDENT ACCOUNTANTS, AND
FINANCIAL STATEMENT................................... 19
APPENDIX.............................................. 20
</TABLE>
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related expenses, advertisements and other distribution-related
expenses, including a prorated portion of Distributor's overhead expenses
attributable to the distribution of such Portfolio Fund shares. Such payments
are made monthly. In addition, pursuant to the Plan, the Fund may pay
Distributor or others a service fee to reimburse such parties for personal
services provided to shareholders of the Fund and/or the maintenance of
shareholder accounts. The total amount of service fees paid by the Fund and
12b-1 promotional fees shall not exceed 0.25% per year of the average daily net
assets of the Fund Portfolio. Such payments are made pursuant to distribution
and/or service agreements entered into between such service providers and
Distributor or the Fund directly. The maximum amount which the Fund may pay for
the promotion and distribution of shares, including service fees, is 0.25% per
year of the average daily net assets of the applicable Fund Portfolio. Payments
in excess of reimbursable expenses under the plan in any year must be refunded.
Further expenses of Distributor other than for service fees in excess of 0.25%
per year of the Fund's average net assets that otherwise qualify for payment may
not be carried forward into successive annual periods. The Plan also covers
payments by certain parties to the extent such payments are deemed to be for the
financing of any activity primarily intended to result in the sale of shares
issued by the Fund within the context of rule 12b-1. The payments under this
Plan are included in the maximum operating expenses which may be borne by the
Fund.
Since the Fund is a newly organized investment company, the Distributor
received no fees or underwriting commissions from the Fund last year. Investors
may also be charged a transaction fee if they effect transactions in fund shares
through a broker or agent.
(C) THE CUSTODIAN AND TRANSFER AGENT
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Rushmore Trust and Savings, FSB, 4922 Fairmont Avenue, Bethesda, Maryland
20814, serves as the custodian of the Fund's portfolio securities and as the
Fund's transfer agent and, in those capacities, maintains certain accounting and
other records of the Fund and processes requests for the purchase or the
redemption of shares, maintains records of ownership for shareholders, and
performs certain other shareholder and administrative services on behalf of the
Fund.
(D) LEGAL COUNSEL
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The Law Offices of Samuel Kornhauser is legal counsel to the Fund, to the
Investment Advisor and to the Distributor.
BROKERAGE ALLOCATION AND OTHER PRACTICES
In effecting portfolio transactions for the Fund, the Investment Adviser
adheres to the Fund's policy of seeking best execution and price, determined as
described below, except to the extent it is permitted to pay higher brokerage
commissions for "brokerage and research services," as defined herein. The
Investment Adviser may cause the Fund to pay a broker or dealer an amount of
commission for effecting a securities transaction in excess of the amount of
commission which another broker or dealer would have charged for effecting the
transaction if the Investment Adviser determines in good faith that such amount
of commission is reasonable in relation to the value of the brokerage and
research services provided by such
9
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant has duly caused this Post-Effective
Amendment No. 2 to Registration Statement to be signed on its behalf by the
undersigned, thereto duly authorized, in the City of Incline Village, and State
of Nevada on the 14th day of March, 1996.
I certify that there has been no material event since the effective date of
the Registration Statement requiring disclosure in the Prospectus and that this
post-effective amendment No. 2 meets all the requirements of Rule 485(b)(1)(vii)
for immediate effectiveness.
THE NAVELLIER PERFORMANCE FUNDS
By: /s/ Louis Navellier
______________________________
Louis Navellier
President and Trustee
The Navellier Performance Funds, and each person whose signature appears below
hereby constitutes and appoints Louis Navellier as such person's true and lawful
attorney-in-fact, with full power to sign for such person and in such person's
name, in the capacities indicated below, any and all amendments to this
Registration Statement, hereby ratifying and confirming such person's signature
as it may be signed by said attorney-in-fact to any and all amendments to said
Registration Statement.
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons or their attorneys-in-
fact pursuant to authorization given on October 17, 1995, in the capacities and
on the date indicated:
<TABLE>
<CAPTION>
<S> <C> <C>
/s/ Louis Navellier
____________________ Trustee and President
Louis Navellier/2/ (Principal Executive March 14, 1996
Officer), Treasurer
/s/ Louis Navellier
____________________ Trustee
Joel Rossman/2/ March 14, 1996
/s/ Louis Navellier
____________________ Trustee
Barry Sander March 14, 1996
/s/ Louis Navellier
____________________ Trustee
Arnold Langsen March 14, 1996
/s/ Louis Navellier
____________________ Trustee and Secretary
Jacques Delacroix March 14, 1996
</TABLE>
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/2/ These persons are interested persons affiliated with the Investment Advisor.
28
