U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
Read instructions at end of Form
before preparing Form. Please
print or type.
- -------------------------------------------------------------------------------
1. Name and address of issuer:
Schwartz Investment Trust
3707 W. Maple Road
Bloomfield Hills, Michigan 48301
- -------------------------------------------------------------------------------
2. Name of each series or class of funds for which this notice is
filed:
Schwartz Value Fund
- -------------------------------------------------------------------------------
3. Investment Company Act File Number: 811-7148
Securities Act File Number: 33-51626
- -------------------------------------------------------------------------------
4. Last day of fiscal year for which this notice is filed;
December 31, 1996
- -------------------------------------------------------------------------------
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration:
[ ]
- -------------------------------------------------------------------------------
6. Date of termination of issuer's declaration under rule
24f-2(a)(1), if applicable (see instruction A.6):
- -------------------------------------------------------------------------------
7. Number and amount of securities of the same class or series which had
been registered under the Securities Act of 1933 other than pursuant to
rule 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year:
NONE
- -------------------------------------------------------------------------------
8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
NONE
- -------------------------------------------------------------------------------
<PAGE>
9. Number and aggregate sale price of securities sold during the fiscal
year:
NUMBER OF SHARES SALE PRICE
---------------- ----------
Schwartz Value Fund 264,865 $5,572,508
- -------------------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule
24f-2:
NUMBER OF SHARES SALE PRICE
---------------- ----------
Schwartz Value Fund 264,865 $5,572,508
- -------------------------------------------------------------------------------
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
NUMBER OF SHARES SALE PRICE
---------------- ----------
Schwartz Value Fund 213,506 $4,524,285
- -------------------------------------------------------------------------------
12. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $ 5,572,508
------------
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): + 4,524,185
-------------
(iii) Aggregate price of shares redeemed or
purchased during the fiscal year
(if applicable): - 12,237,448
-------------
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant to
rule 24e-2 (if applicable) +
-------------
(v) Net aggregate price of securities sold
and issued during the fiscal year
in reliance on rule 24f-2 [line (i),
plus line (ii), less line (iii), plus
line (iv)] (if applicable): (2,140,755)
-------------
<PAGE>
(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other
applicable law or regulation (see
Instruction C.6): x .0003030303
-------------
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ NONE
=============
Instruction: Issuers should complete line (ii), (iii), (iv), and (v)
only if the form is being filed within 60 days after the
close of the issuer's fiscal year. See Instruction C.3.
- -------------------------------------------------------------------------------
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules
of Informal and Other Procedures (17CFR 202.3a).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
N/A
- -------------------------------------------------------------------------------
SIGNATURES
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the dates
indicated.
By (Signature and Title)* /s/ John F. Splain
----------------------------------------
John F. Splain, Assistant Secretary
----------------------------------------
Date January 17, 1997
-----------------
*Please print the name and title of the signing officer below the signature.
<PAGE>
MGF
SERVICE CORP.
January 15, 1997
Schwartz Investment Trust
3707 W. Maple Road
Bloomfield Hills, Michigan 48301
Ladies and Gentlemen:
Re: Rule 24f-2 Opinion
------------------
I have been requested to render an opinion in connection with the filing by
Schwartz Investment Trust (herein referred to as the "Trust") of a Rule 24f-2
Notice with respect to the fiscal year ended December 31, 1996 (the "Notice").
Reference is made to paragraph 10 of such Notice, wherein the Trust reports the
sale of 264,865 shares during the fiscal year ended December 31, 1996 in
reliance upon registration under the Securities Act of 1933 pursuant to Rule
24f-2 under the Investment Company Act of 1940, and paragraph 11 of such Notice,
wherein the Trust reports the issuance of 213,506 shares in connection with
dividend reinvestment plans.
I have examined the Agreement and Declaration of Trust of the Trust as amended
to date, the Bylaws of the Trust, records of the Trust concerning certain
actions by the Trustees of the Trust, the current Prospectus of the Trust and
supplements thereto, and the form of the Rule 24f-2 Notice.
Based upon the foregoing and assuming that all of such shares were sold in
accordance with the terms of the Prospectus in effect at the time of sale, in my
opinion the above-mentioned shares of the Trust have been legally issued and are
fully paid and non-assessable by the Trust.
I consent to the submission of a copy of this opinion to the Securities and
Exchange Commission in connection with the filing of the Trust's Rule 24f-2
Notice for the fiscal year ended December 31, 1996, as contemplated in Rule
24f-2(b)(1) under the Investment Company Act of 1940.
Very truly yours,
/s/ Tina D. Hosking
Tina D. Hosking
Counsel
MGF Service Corp.
a subsidiary of Leshner Financial, Inc.
312 Walnut Street Cincinnati, Ohio 45202 513.629.2000 800.543.8721
