<PAGE>
As filed with the Securities and Exchange Commission on December 8, 1995
File No. 33-49570
File No. 811-6742
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 11
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No.
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MONARCH FUNDS
(Exact Name of Registrant as Specified in its Charter)
Suite 2770, 61 Broadway, New York, New York 10006
(Address of Principal Executive Office)
Registrant's Telephone Number, including Area Code: 212-363-3300
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David I. Goldstein, Esq.
Forum Financial Services, Inc.
61 Broadway, New York, New York 10006
(Name and Address of Agent for Service)
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It is proposed that this filing will become effective:
_X_ immediately upon filing pursuant to Rule 485, paragraph (b)
___ on November 1, 1995 pursuant to Rule 485, paragraph (b)
___ 60 days after filing pursuant to Rule 485, paragraph (a)(i)
___ on [ ] pursuant to Rule 485, paragraph (a)(i)
___ 75 days after filing pursuant to Rule 485, paragraph (a)(ii)
___ on [ ] pursuant to Rule 485, paragraph (a)(ii)
___ this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
Registrant has registered an indefinite amount of securities under the
Securities Act of 1933 pursuant to Rule 24f-2 under the Investment Company Act
of 1940; accordingly, no fee is payable herewith. A Rule 24f-2 Notice for the
Registrant's fiscal year ended August 31, 1995 was filed with the Commission on
October 27, 1995. EACH FUND OF REGISTRANT IS CURRENTLY STRUCTURED AS A MASTER-
FEEDER FUND. THIS AMENDMENT INCLUDES A MANUALLY EXECUTED SIGNATURE PAGE FOR THE
MASTER FUNDS, EACH A SERIES OF CORE TRUST (DELAWARE).
<PAGE>
Calculation of Registration Fee
MONARCH FUNDS
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Title of Amount of Proposed Proposed Amount
Securities Securities Maximum Maximum of
Being Being Offering Price Offering Registration
Series of Registrant Registered Registered per Share (1) Price (2) Fee
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<S> <C> <C> <C> <C> <C>
Treasury Cash Fund Shares of 5,800,000 $1.00 $5,800,000 $2,000.00
Beneficial Interest
Government Cash Fund Shares of 34,800,000 $1.00 $34,800,000 $12,000.00
Beneficial Interest
Cash Fund Shares of 17,400,000 $1.00 $17,400,000 $6,000.00
Beneficial Interest
TOTAL 58,000,000 $58,000,000 $20,000.00
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</TABLE>
(1) Computed under Rule 457(d) of the Securities Act of 1933, as amended, on
the basis of the offering price per share at the close of business on
November 13, 1995.
(2) Registrant elects to calculate the maximum aggregate offering price
pursuant to Rule 24e-2 under the Investment Company Act of 1940, as amended.
(3) Cash Fund, Government Cash Fund and Treasury Cash Fund redeemed
848,782,825, 2,674,264,890 and 427,945,998 shares, respectively, during
Registrant's previous fiscal year ended August 31, 1995. All of these redeemed
shares were used for reduction pursuant to Rule 24e-2(a) or Rule 24f-2(c) and no
shares are used for the reduction of the fee herewith.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, Registrant certifies that it meets all of the requirements
for effectiveness of this Registration Statement pursuant to Rule 485(b) under
the Securities Act of 1933 and has duly caused this amendment to its
Registration Statement to be signed on its behalf by the undersigned, thereto
duly authorized, in the City of Portland and State of Maine on the 7th day of
December, 1995.
MONARCH FUNDS
By: /s/ John Y. Keffer
-------------------------
John Y. Keffer
President
Pursuant to the requirements of the Securities Act of 1933, this amendment to
the Registration Statement has been signed below by the following persons on
November 14, 1995.
Signatures Title
---------- -----
(a) Principal Executive Officer
/s/ John Y. Keffer Chairman, President
-----------------------------------
John Y. Keffer
(b) Principal Financial and Accounting Officer
/s/ Michael D. Martins Treasurer
-----------------------------------
Michael D. Martins
(c) A Majority of the Trustees
/s/ John Y. Keffer Trustee
-----------------------------------
John Y. Keffer
Maurice J. DeWald Trustee
Jack J. Singer Trustee
By: /s/ John Y. Keffer Trustee
-----------------------------------
John Y. Keffer
Attorney in Fact*
<PAGE>
SIGNATURES
On behalf of Core Trust (Delaware), being duly authorized, I have duly caused
this amendment to the Registration Statement of Monarch Funds to be signed in
the City of Portland, State of Maine on the 7th day of December, 1995.
CORE TRUST (DELAWARE)
By: /s/ John Y. Keffer
----------------------
John Y. Keffer
President
This amendment to the Registration Statement of Core Trust (Delaware) has been
signed below by the following persons in the capacities indicated on the 7th of
December, 1995.
SIGNATURES TITLE
(a) Principal Executive Officer
/s/ John Y. Keffer Chairman and President
-----------------------------------
John Y. Keffer
(b) Principal Financial and
Accounting Officer
/s/ Michael D. Martins Treasurer
-----------------------------------
Michael D. Martins
(c) A Majority of the Trustees
/s/ John Y. Keffer Chairman
-----------------------------------
John Y. Keffer
Costas Azariadis
J. Michael Parish Trustee
James C. Cheng Trustee
By: /s/ John Y. Keffer
-----------------------------------
John Y. Keffer*
Attorney in Fact
<PAGE>
INDEX TO EXHIBITS
Exhibit Description
- ------- -----------
10 Opinion of Counsel
Other Exhibit Power of Attorney of Jack J. Singer
Other Exhibit Power of Attorney of Maurice J. DeWald
Other Exhibit Power of Attorney of J. Michael Parish
Other Exhibit Power of Attorney of James C. Cheng
Other Exhibit Power of Attorney of Costas Azariadis
<PAGE>
Exhibit 10.
December 7, 1995
Monarch Funds
Two Portland Square
Portland, Maine 04101
Dear Sirs:
As Secretary of the Monarch Funds (the "Fund"), a Delaware business trust,
and counsel for Forum Financial Services, Inc. ("Forum"), administrator of the
Fund, I have acted as counsel for the Fund in connection with the registration
of an additional 58,000,000 shares of beneficial interest, no par value
(the "Shares"), of the Fund under the Securities Act of 1933, as amended
(the "1933 Act").
As such, I have participated in the preparation of Post-Effective Amendment
No. 11 to the Fund's Registration Statement (File No. 33-49750) on Form N-1A
relating to the Shares and have examined and relied upon such corporate records
of the Fund and other documents and certificates as to factual matters I have
deemed to be necessary to render the opinion expressed herein.
Based on such examination, I am of the opinion that the 58,000,000 Shares
being registered by Post-Effective Amendment No. 11 to the Fund's Registration
Statement are duly authorized and unissued shares of beneficial interest, and
when the Shares have been duly sold, issued and paid for as contemplated in a
Prospectus forming a part of an effective Registration Statement of the Fund
under the 1933 Act, the Shares will have been validly and legally issued
(assuming there is no amendment to the Fund's Trust Instrument in the future to
the contrary) and will be fully paid and non-assessable shares of beneficial
interest of the Fund under the laws of the State of Delaware.
My opinion above stated is expressed as a member of the bar of the State of
Maine.
I hereby consent to the filing of this opinion with the Securities and
Exchange Commission as an exhibit to said Post-Effective Amendment No. 11 to the
Fund's Registration Statement.
Sincerely,
/s/ David I. Goldstein
David I. Goldstein
Counsel, Forum Financial Services, Inc.
Secretary, Monarch Funds
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Jack J. Singer constitutes and
appoints John Y. Keffer, David I. Goldstein, Arthur J. Brown and R. Darrel
Mounts and each of them, as true and lawful attorneys-in-fact and agents with
full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities to sign the Registration Statement on Form
N-1A and any or all amendments thereto of Monarch Funds, and to file the same,
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as fully
to all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ Jack J. Singer
------------------
Jack J. Singer
Dated: October 16, 1992
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Maurice J. DeWald constitutes and
appoints John Y. Keffer, David I. Goldstein, Arthur J. Brown and R. Darrel
Mounts and each of them, as true and lawful attorneys-in-fact and agents with
full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities to sign the Registration Statement on Form
N-1A and any or all amendments thereto of Monarch Funds, and to file the same,
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as fully
to all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ Maurice J. DeWald
---------------------
Maurice J. DeWald
Dated: October 16, 1992
<PAGE>
CORE TRUST (DELAWARE)
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Costas Azariadis constitutes and
appoints John Y. Keffer, David I. Goldstein, Thomas G. Sheehan, and R. Darrell
Mounts and each of them, as true and lawful attorneys-in-fact and agents with
full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities to sign the Registration Statement on Form
N-1A and any or all amendments thereto of Monarch Funds, a registered open-end
management investment company, to the extent such Registration Statement relates
to a series of Monarch Funds which intends to invest in a Portfolio of Core
Trust (Delaware), to the extent such signature is required by law or the rules
or interpretations of the Securities and Exchange Commission or its staff and
then only if such signature is accompanied by language which restricts the
effectiveness of such signature for purposes of the Securities Act of 1933 to
said Registration Statement, and to file the same with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ Costas Azariadis
--------------------
Costas Azariadis
Dated: August 21, 1995
<PAGE>
CORE TRUST (DELAWARE)
POWER OF ATTORNEY
WITH RESPECT TO DAILY ASSETS TREASURY FUND
KNOW ALL MEN BY THESE PRESENTS, that James C. Cheng constitutes and
appoints John Y. Keffer, David I. Goldstein, Thomas G. Sheehan, and R. Darrell
Mounts and each of them, as true and lawful attorneys-in-fact and agents with
full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities to sign the Registration Statement on Form
N-1A and any or all amendments thereto of Monarch Funds, a registered open-end
management investment company, to the extent such Registration Statement relates
to a series of Monarch Funds which intends to invest in a Portfolio of Core
Trust (Delaware), to the extent such signature is required by law or the rules
or interpretations of the Securities and Exchange Commission or its staff and
then only if such signature is accompanied by language which restricts the
effectiveness of such signature for purposes of the Securities Act of 1933 to
said Registration Statement, and to file the same with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ James C. Cheng
------------------
James C. Cheng
Dated: August 21, 1995
<PAGE>
CORE TRUST (DELAWARE)
POWER OF ATTORNEY
WITH RESPECT TO DAILY ASSETS TREASURY FUND
KNOW ALL MEN BY THESE PRESENTS, that J. Michael Parish constitutes and
appoints John Y. Keffer, David I. Goldstein, Thomas G. Sheehan, and R. Darrell
Mounts and each of them, as true and lawful attorneys-in-fact and agents with
full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities to sign the Registration Statement on Form
N-1A and any or all amendments thereto of Monarch Funds, a registered open-end
management investment company, to the extent such Registration Statement relates
to a series of Monarch Funds which intends to invest in a Portfolio of Core
Trust (Delaware), to the extent such signature is required by law or the rules
or interpretations of the Securities and Exchange Commission or its staff and
then only if such signature is accompanied by language which restricts the
effectiveness of such signature for purposes of the Securities Act of 1933 to
said Registration Statement, and to file the same with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ J. Michael Parish
---------------------
J. Michael Parish
Dated: August 21, 1995
