<PAGE>
As filed with the Securities and Exchange Commission
on March 27, 1998
Registration No. 33-56094
811-7428
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
PRE-EFFECTIVE AMENDMENT NO. __ [ ]
POST-EFFECTIVE AMENDMENT NO. 56 [X]
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]
AMENDMENT NO. 58
(Check appropriate box or boxes)
__________________
NICHOLAS-APPLEGATE MUTUAL FUNDS
(Exact Name of Registrant as Specified in Charter)
600 WEST BROADWAY, 30TH FLOOR
SAN DIEGO, CALIFORNIA 92101
(Address of Principal Executive Offices, including Zip Code)
ARTHUR E. NICHOLAS
C/O NICHOLAS-APPLEGATE CAPITAL MANAGEMENT
600 WEST BROADWAY, 30TH FLOOR
SAN DIEGO, CALIFORNIA 92101
(Name and Address of Agent for Service)
COPY TO: ROBERT E. CARLSON
PAUL, HASTINGS, JANOFSKY & WALKER LLP
555 S. FLOWER STREET, TWENTIETH FLOOR
LOS ANGELES, CALIFORNIA 90071
__________________
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
AS SOON AS PRACTICABLE FOLLOWING EFFECTIVE DATE.
__________________
[ ] immediately upon filing pursuant to paragraph (b)
[ ] on ______________ pursuant to paragraph (b)
[X] 60 days after filing pursuant to paragraph (a)(i)
[ ] on ____________ pursuant to paragraph (a)(i)
[ ] 75 days after filing pursuant to paragraph (a)(ii)
[ ] on (date) pursuant to paragraph (a)(ii), of Rule 485
[ ] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
Title of Securities Being Registered : Shares of Beneficial Interest
__________________
<PAGE>
CROSS REFERENCE SHEET
(AS REQUIRED BY RULE 495)
N-1A ITEM NO. LOCATION
- ------------- --------
PART A
Item 1. Cover Page. . . . . . . . . . . . . . . . Cover Page
Item 2. Synopsis. . . . . . . . . . . . . . . . . Overview; High Yield Bond
Fund
Item 3. Condensed Financial Information . . . . . Not Applicable
Item 4. General Description of Registrant . . . . Overview; High Yield Bond
Fund
Item 5. Management of Fund. . . . . . . . . . . . Organization and
Management; Portfolio
Teams
Item 6. Capital Stock and Other Securities. . . . Your Account
Item 7. Purchase of Securities Being Offered. . . Your Account
Item 8. Redemption or Repurchase. . . . . . . . . Your Account
Item 9. Pending Legal Proceedings . . . . . . . . Not Applicable
PART B
Item 10. Cover Page. . . . . . . . . . . . . . . . Cover Page
Item 11. Table of Contents . . . . . . . . . . . . Table of Contents
Item 12. General Information and History . . . . . General Information
Item 13. Investment Objectives and Policies. . . . Investment Objectives,
Policies and Risks;
Investment Restrictions
Item 14. Management of the Fund. . . . . . . . . . Trustees and Officers;
Administrators;
Distributor
Item 15. Control Persons and Principal Holders
of Securities. . . . . . . . . . . . . . Not Applicable
Item 16. Investment Advisory and Other
Services . . . . . . . . . . . . . . . . Administrators; Investment
Adviser; Distributor;
Custodian, Transfer and
Dividend Disbursing Agent,
Independent Auditors and
Legal Counsel
Item 17. Brokerage Allocation and Other Practices. Portfolio Transactions and
Brokerage
Item 18. Capital Stock and Other Securities. . . . Miscellaneous
Item 19. Purchase, Redemption and Pricing of
Securities Being Offered . . . . . . . . Purchase and Redemption of
Fund Shares; Shareholder
Services
Item 20. Tax Status. . . . . . . . . . . . . . . . Dividends, Distributions
and Taxes
Item 21. Underwriters. . . . . . . . . . . . . . . Distributor
<PAGE>
Item 22. Calculation of Performance Data . . . . . Performance Information
Item 23. Financial Statements. . . . . . . . . . . Not Applicable
PART C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C to the Registration Statement.
<PAGE>
NICHOLAS-APPLEGATE MUTUAL FUNDS
FORM N-1A
PART A: PROSPECTUS
The Prospectus of Nicholas-Applegate Mutual Funds High Yield Bond Fund
Class I Shares filed on March 24, 1998 with the Securities and Exchange
Commission as part of Post-Effective Amendment No. 55 to Registrant's Form N-1A
Registration Statement is incorporated herein by reference.
PART B: STATEMENT OF ADDITIONAL INFORMATION
The Statement of Additional Information of Nicholas-Applegate Mutual Funds
High Yield Bond Fund Class I Shares filed on March 24, 1998 with the Securities
and Exchange Commission as part of Post-Effective Amendment No. 55 to
Registrant's Form N-1A Registration Statement is incorporated herein by
reference.
FINANCIAL STATEMENTS
The Registrant's 1997 Annual Report and September 30, 1997 Semi-Annual
Report to Shareholders of the Institutional Portfolios of the Registrant,
including the High Yield Bond Institutional Portfolio series of the Registrant
(the predecessor to the Class I shares of the Fund), accompany the Statement of
Additional Information. The financial statements in such Annual Report and
Semi-Annual Report are incorporated in the Statement of Additional Information
by reference. Such financial statements for the fiscal years ended March 31,
1996 and 1997 have been audited by the Funds' independent auditors, Ernst &
Young L.L.P., whose report thereon appears in such Annual Report. Such
financial statements have been incorporated therein in reliance upon such report
given upon their authority as experts in accounting and auditing.
<PAGE>
NICHOLAS-APPLEGATE MUTUAL FUNDS
FORM N-1A
PART C: OTHER INFORMATION
Item 24. Financial Statements and Exhibits.
a. Financial Statements.
The Schedules of Investments as of March 31, 1997, Statements of
Assets and Liabilities as of March 31, 1997, Statements of Changes in
Net Assets for the period ended March 31, 1997, and related Notes and
Report of Independent Auditors with respect to Registrant's
Institutional Portfolios, including the predecessor to the Class I
shares of Registrant's Fund which is the subject of this Amendment to
Registration Statement, are incorporated by reference in Part B.
The Schedules of Investments as of September 30, 1997, Statements of
Assets and Liabilities as of September 30, 1997, and related Notes
with respect to Registrant's Institutional Portfolios, including the
predecessor to the Class I shares of Registrant's Fund which is the
subject of this Amendment to Registration Statement, are incorporated
by reference in Part B.
b. Exhibits:
(1.1) Certificate of Trust of Registrant (f).
(1.2) Certificate of Amendment to Certificate of Trust of
Registrant (f).
(1.3) Amended and Restated Declaration of Trust of
Registrant (f).
(1.4) Certificate of Trustees dated August 6, 1993,
establishing Emerging Growth Portfolio series (f).
(1.5) Certificate of Trustees dated December 15, 1993,
establishing International Growth Portfolio series (f).
(1.6) Amendment No. 2 to Amended and Restated Declaration of
Trust (f).
(1.7) Amendment No. 3 to Amended and Restated Declaration of
Trust (f).
(1.8) Amendment No. 4 to Amended and Restated Declaration of
Trust (f).
(1.9) Amendment No. 5 to Amended and Restated Declaration of
Trust (f).
(1.10) Amendment No. 6 to Amended and Restated Declaration of
Trust (f).
(1.11) Amendment No. 7 to Amended and Restated Declaration of
Trust (f).
(1.12) Form of Amendment No. 8 to Amended and Restated
Declaration of Trust (f).
(1.13) Amendment No. 9 to Amended and Restated Declaration of
Trust (f).
(1.14) Form of Amendment No. 10 to Amended and Restated
Declaration of Trust (b).
C-1
<PAGE>
(1.15) Amendment No. 11 to Amended and Restated Declaration of
Trust (i).
(1.16) Form of Amendment No. 12 to Amended and Restated
Declaration of Trust (i).
(1.17) Amendment No. 13 to Amended and Restated Declaration of
Trust (j).
(1.18) Form of Amendment No. 14 to Amended and Restated
Declaration of Trust (j).
(1.19) Form of Amendment No. 15 to Amended and Restated
Declaration of Trust (m).
(1.20) Form of Amendment No. 16 to Amended and Restated
Declaration of Trust (r).
(1.21) Form of Amendment No. 17 to Amended and Restated
Declaration of Trust (r).
(1.22) Form of Amendment No. 18 to Amended and Restated
Declaration of Trust (r).
(2.1) Amended Bylaws of Registrant (f).
(2.2) Amendment to Section 2.5 of Bylaws of Registrant (f).
(3) None.
(4) None.
(5.1) Form of Investment Advisory Agreement between
Registrant and Nicholas-Applegate Capital Management,
with respect to Global Blue Chip Fund, Emerging Markets
Bond Fund, Pacific Rim Fund, Greater China Fund and
Latin America Fund (n).
(5.2) Form of Sub-Advisory Agreement between Registrant and
Nicholas-Applegate Capital Management-Hong Kong, with
respect to the Pacific Rim Fund and Greater China
Fund (n).
(5.3) Form of Sub-Advisory Agreement between Registrant and
Nicholas-Applegate Capital Management-Asia, with
respect to the Pacific Rim Fund and Greater China
Fund (n).
(5.4) Amended form of letter agreement between Registrant and
Nicholas-Applegate Capital Management adding the Class
A, B, C, Q and I shares of Registrant's additional
Funds to the Investment Advisory Agreement (s).
(6.1) Distribution Agreement between Registrant and
Nicholas-Applegate Securities dated as of April 19,
1993 (f).
(6.2) Letter agreement between Registrant and
Nicholas-Applegate Securities dated May 17, 1993,
adding certain Institutional (formerly Qualified)
Portfolio series and Emerging Growth Portfolio series
to Distribution Agreement (f).
(6.3) Letter agreement between Registrant and
Nicholas-Applegate Securities dated December 15, 1993,
adding International Growth Portfolio series to
Distribution Agreement (f).
(6.4) Letter agreement between Registrant and
Nicholas-Applegate Securities dated April 22, 1994,
adding Qualified Portfolio series to Distribution
Agreement (f).
(6.5) Letter agreement between Registrant and
Nicholas-Applegate Securities, adding Emerging
Countries Growth Portfolio series, Global Growth &
Income Portfolio series and Mini-Cap Growth Portfolio
series to Distribution Agreement (f).
(6.6) Letter agreement between Registrant and
Nicholas-Applegate Securities, adding Series B
Portfolios to Distribution Agreement (f).
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(6.7) Letter agreement between Registrant and
Nicholas-Applegate Securities, adding Fixed Income and
Qualified Portfolio series to Distribution Agreement
(f).
(6.8) Form of letter agreement between Registrant and
Nicholas-Applegate Securities, adding Value
Institutional Portfolio series to Distribution
Agreement (a).
(6.9) Form of letter agreement between Registrant and
Nicholas-Applegate Securities, adding High Yield Bond
and Strategic Income Institutional Portfolio series to
Distribution Agreement (b).
(6.10) Form of letter agreement between Registrant and
Nicholas-Applegate Securities adding Large Cap Growth
and Core Growth International Portfolio series to
Distribution Agreement (i).
(6.11) Form of letter agreement between Registrant and
Nicholas-Applegate Securities adding Core Growth
International Portfolio C series to Distribution
Agreement (i).
(6.12) Form of letter agreement between Registrant and
Nicholas-Applegate Securities adding Large Cap Growth
Portfolio A, B, C and Q series to Distribution
Agreement (j).
(6.13) Form of letter agreement between Registrant and
Nicholas-Applegate Securities, adding Global Blue Chip
Fund, Emerging Markets Bond Fund, Pacific Rim Fund,
Greater China Fund and Latin America Fund to
Distribution Agreement (n).
(6.14) Amended form of letter agreement between Registrant and
Nicholas-Applegate Securities adding the Class A, B, C,
Q and I shares of Registrant's additional Funds to the
Distribution Agreement (s).
(7) None.
(8.1) Custodian Services Agreement between Registrant and PNC
Bank dated as of April 1, 1993 (f).
(8.2) Letter agreement between Registrant and PNC Bank dated
July 19, 1993, adding certain Institutional (formerly
Qualified) Portfolio series to Custodian Services
Agreement (f).
(8.3) Letter agreement between Registrant and PNC Bank dated
August 20, 1993, adding Emerging Growth Portfolio
series to Custodian Services Agreement (f).
(8.4) Letter agreement between Registrant and PNC Bank dated
December 15, 1993, adding International Growth
Portfolio series to Custodian Services Agreement (f).
(8.5) Letter agreement between Registrant and PNC Bank dated
April 22, 1994, adding Core Growth Qualified Portfolio
series to Custodian Services Agreement (f).
(8.6) Letter agreement between Registrant and PNC Bank,
adding Emerging Countries Growth Portfolio series,
Global Growth & Income Portfolio series and Mini-Cap
Growth Portfolio series to Custodian Services
Agreement (f).
(8.7) Letter agreement between Registrant and PNC Bank,
adding Series B Portfolios to Custodian Services
Agreement (f).
(8.8) Letter agreement between Registrant and PNC Bank,
adding Fixed Income Portfolio series to Custodian
Services Agreement (f).
(8.9) Form of letter agreement between Registrant and PNC
Bank adding Value Institutional Portfolio series to
Custodian Services Agreement (a).
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(8.10) Form of letter agreement between Registrant and PNC
Bank adding High Yield Bond and Strategic Income
Institutional Portfolio series to Custodian Services
Agreement (b).
(8.11) Form of letter agreement between Registrant and PNC
Bank adding Large Cap Growth and Core Growth
International Portfolio series to Custodian Services
Agreement (i).
(8.12) Form of letter agreement between Registrant and PNC
Bank adding Core Growth International Portfolio C
series to Custodian Services Agreement (i).
(8.13) Form of letter agreement between Registrant and PNC
Bank adding Large Cap Growth Portfolio A, B, C and Q
series to Custodian Services Agreement (j).
(8.14) Form of letter agreement between Registrant and PNC
Bank, adding Global Blue Chip Fund and Emerging Markets
Bond Fund to Custodian Services Agreement (l).
(8.15) Form of letter agreement between Registrant and PNC
Bank with respect to custodian services fees related to
the Global Blue Chip Fund and the Emerging Markets Bond
Fund (m).
(8.16) Form of letter agreement between Registrant and PNC
Bank, adding Pacific Rim Fund, Greater China Fund and
Latin America Fund to Custodian Services Agreement (n).
(8.17) Form of letter agreement between Registrant and PNC
Bank, adding the Class A, B, C, Q and I shares of
Registrant's additional Funds to Custodian Services
Agreement (o).
(8.18) Form of Sub-Custodian Agreement among Registrant, PNC
Bank and Chase Manhattan Bank, with respect to Global
Blue Chip Fund, Emerging Markets Bond Fund, Greater
China Fund, Pacific Rim Fund and Latin America
Fund (o).
(8.19) Amended form of letter agreement among Registrant, PNC
Bank and Chase Manhattan Bank, adding the Class A, B,
C, Q and I shares of Registrant's additional Funds to
Sub-Custodian Agreement (s).
(9.1) Form of amended Administration Agreement between
Registrant and Investment Company Administration
Corporation (o).
(9.2) Administrative Services Agreement between Registrant
and Nicholas-Applegate Capital Management dated as of
November 18, 1996 (i).
(9.3) Transfer Agency and Service Agreement between
Registrant and State Street Bank and Trust Company
dated as of April 1, 1993 (f).
(9.4) Letter agreement between Registrant and State Street
Bank and Trust Company dated July 19, 1993, adding
certain Institutional (formerly Qualified) Portfolio
series to Transfer Agency and Service Agreement (f).
(9.5) Letter agreement between Registrant and State Street
Bank and Trust Company dated August 20, 1993, adding
Emerging Growth Portfolio Series to Transfer Agency and
Service Agreement (f).
(9.6) Letter agreement between Registrant and State Street
Bank and Trust Company dated December 15, 1993, adding
International Growth Portfolio series to Transfer
Agency and Service Agreement (f).
(9.7) Letter agreement between Registrant and State Street
Bank and Trust Company dated April 22, 1994, adding
Core Growth Qualified Portfolio series to Transfer
Agency and Service Agreement (f).
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<PAGE>
(9.8) Letter agreement between Registrant and State Street
Bank and Trust Company, adding Emerging Countries
Growth Portfolio series, Global Growth & Income
Portfolio series and Mini-Cap Growth Portfolio series
to Transfer Agency and Service Agreement (f).
(9.9) Letter agreement between Registrant and State Street
Bank and Trust Company, adding Series B Portfolios to
Transfer Agency and Service Agreement (f).
(9.10) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding Fixed Income
Portfolio series to Transfer Agency and Service
Agreement (f).
(9.11) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding Value
Institutional Portfolio series to Transfer Agency and
Service Agreement (a).
(9.12) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding High Yield Bond
and Strategic Income Institutional Portfolio series to
Transfer Agency and Service Agreement (b).
(9.13) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding Large Cap Growth
and Core Growth International Portfolio series to
Transfer Agency and Service Agreement (i).
(9.14) Form of letter agreement between Registrant and State
Street Bank and Trust Company adding Core Growth
International Portfolio C series to Transfer Agency and
Service Agreement (i).
(9.15) Form of letter agreement between Registrant and State
Street Bank and Trust Company adding Large Cap Growth
Portfolio A, B, C and Q series to Transfer Agency and
Service Agreement (j).
(9.16) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding Global Blue Chip
Fund and Emerging Markets Bond Fund to Transfer Agency
and Service Agreement (l).
(9.17) Form of letter agreement between Registrant and State
Street Bank and Trust Company, adding Pacific Rim Fund,
Greater China Fund and Latin America Fund to Transfer
Agency and Service Agreement (n).
(9.18) Amended form of letter agreement between Registrant and
State Street Bank and Trust Company, adding the Class
A, B, C, Q and I shares of Registrant's additional
Funds to Transfer Agency and Service Agreement (s).
(9.19) Form of amended Shareholder Service Plan between
Registrant and Nicholas-Applegate Securities (o).
(9.20) License Agreement dated as of December 17, 1992,
between Registrant and Nicholas-Applegate Capital
Management (f).
(9.21) Accounting Services Agreement between Registrant and
PFPC Inc. dated as of April 1, 1993 (f).
(9.22) Letter agreement between Registrant and PFPC Inc. dated
July 19, 1993, adding certain Institutional (formerly
Qualified) Portfolio series to Accounting Services
Agreement (f).
(9.23) Letter agreement between Registrant and PFPC Inc. dated
August 20, 1993, adding Emerging Growth Portfolio
series to Accounting Services Agreement (f).
(9.24) Letter agreement between Registrant and PFPC Inc. dated
December 15, 1993, adding International Growth
Portfolio series to Accounting Services Agreement (f).
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<PAGE>
(9.25) Letter agreement between Registrant and PFPC Inc. dated
April 22, 1994, adding Core Growth Qualified Portfolio
series to Accounting Services Agreement (f).
(9.26) Letter agreement between Registrant and PFPC Inc.,
adding Emerging Countries Growth Portfolio series,
Global Growth & Income Portfolio series and Mini-Cap
Growth Portfolio series to Accounting Services
Agreement (f).
(9.27) Letter agreement between Registrant and PFPC Inc.,
adding Series B Portfolios to Accounting Services
Agreement (f).
(9.28) Letter agreement between Registrant and PFPC Inc.,
adding Fixed Income Portfolio series to Accounting
Services Agreement (f).
(9.29) Form of letter agreement between Registrant and PFPC
Inc. adding Value Institutional Portfolio series to
Accounting Services Agreement (a).
(9.30) Form of letter agreement between Registrant and PFPC
Inc. adding High Yield Bond and Strategic Income
Institutional Portfolio series to Accounting Services
Agreement (b).
(9.31) Form of letter agreement between Registrant and PFPC
Inc. adding Large Cap Growth and Core Growth
International Portfolio series to Accounting Services
Agreement (i).
(9.32) Form of letter agreement between Registrant and PFPC
Inc. adding Core Growth International Portfolio C
series to Accounting Services Agreement (i).
(9.33) Form of letter agreement between Registrant and PFPC
Inc. adding Large Cap Growth Portfolio A, B, C and Q
series to Accounting Services Agreement (j).
(9.34) Form of letter agreement between Registrant and PFPC
Inc., adding Global Blue Chip Fund and Emerging Markets
Bond Fund to Accounting Services Agreement (l).
(9.35) Form of letter agreement between Registrant and PFPC
Inc. with respect to accounting services fees related
to the Global Blue Chip Fund and the Emerging Markets
Bond Fund (m).
(9.36) Form of letter agreement between Registrant and PFPC
Inc. adding the Pacific Rim Fund, Greater China Fund
and Latin America Fund (n).
(9.37) Form of letter agreement between Registrant and PFPC
Inc. regarding fees for additional Funds under
Accounting Services Agreement (o).
(9.38) Amended form of letter agreement between Registrant and
PFPC Inc., adding the Class A, B, C, Q and I shares of
Registrant's additional Funds to Accounting Service
Agreement (s).
(9.39) Letter agreement between Registrant and
Nicholas-Applegate Capital Management dated September
27, 1993 regarding expense reimbursements (f).
(9.40) Form of letter agreement between Registrant and
Nicholas-Applegate Capital Management, adding Global
Blue Chip Fund, Emerging Markets Bond Fund, Pacific Rim
Fund, Greater China Fund and Latin America Fund to
agreement regarding expense reimbursement (n).
(9.41) Amended form of letter agreement between Registrant and
Nicholas-Applegate Capital Management, adding the Class
A, B, C, Q and I shares of Registrant's additional
Funds to agreement regarding expense reimbursement (s).
(9.42) Credit Agreement among Registrant, Chemical Bank and
certain other banks dated April 10, 1996 (f).
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<PAGE>
(9.43) First Amendment Agreement to Credit Agreement dated as
of April 9, 1997 among Registrant, The Chase Manhattan
Bank, and certain other banks (l).
(9.44) Form of Second Amendment Agreement to Credit Agreement
among Registrant, The Chase Manhattan Bank, and certain
other banks (n).
(10) Opinion of Counsel (c).
(11) Consent of Independent Auditors.
(12) Not Applicable.
(13) Investment Letter of initial investor in Registrant
dated April 1, 1993 (f).
(14.1) IRA Plan Materials (d).
(14.2) 401(k) Profit-Sharing Plan Materials (d).
(15.1) Amended Distribution Plan of Registrant (f)
(15.2) Form of further Amendment to Distribution Plan of
Registrant (o).
(16) Schedule of Computation of Performance Quotations (c).
(17.1) Financial Data Schedule as of March 31, 1997 (p).
(17.2) Financial Data Schedule as of September 30, 1997 (q).
(18) Not Applicable.
(19.1) Limited Powers of Attorney of Trustees (d).
(19.2) Limited Power of Attorney of Walter E. Auch (e).
(19.3) Limited Power of Attorney of Thomas Pindelski (k).
(19.4) Certified Resolution of Board of Trustees regarding
Limited Power of Attorney of Thomas Pindelski (k).
- ------------------
(a) Filed as an Exhibit to Amendment No. 28 to Registrant's Form N-1A
Registration Statement on January 19, 1996 and incorporated herein by
reference.
(b) Filed as an Exhibit to Amendment No. 29 to Registrant's Form N-1A
Registration Statement on May 3, 1996 and incorporated herein by reference.
(c) Filed as an Exhibit to Amendment No. 1 to Registrant's Form N-1A
Registration Statement on March 15, 1993 and incorporated herein by
reference.
(d) Filed as an Exhibit to Amendment No. 12 to Registrant's Form N-1A
Registration Statement on August 1, 1994 and incorporated herein by
reference.
(e) Filed as an Exhibit to Amendment No. 14 to Registrant's Form N-1A
Registration Statement on September 26, 1994 and incorporated herein by
reference.
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<PAGE>
(f) Filed as an Exhibit to Amendment No. 32 to Registrant's Form N-1A
Registration Statement on June 3, 1996 and incorporated herein by
reference.
(g) Filed as an Exhibit to Amendment No. 37 to Registrant's Form N-1A
Registration Statement on October 15, 1996 and incorporated herein by
reference.
(h) Filed as an Exhibit to Amendment No. 38 to Registrant's Form N-1A
Registration Statement on October 25, 1996 and incorporated herein by
reference.
(i) Filed as an Exhibit to Amendment No. 40 to Registrant's Form N-1A
Registration Statement on January 3, 1997 and incorporated herein by
reference.
(j) Filed as an Exhibit to Amendment No. 42 to Registrant's Form N-1A
Registration Statement on May 1, 1997 and incorporated herein by reference.
(k) Filed as an Exhibit to Amendment No. 44 to Registrant's Form N-1A
Registration Statement on May 22, 1997 and incorporated herein by
reference.
(l) Filed as an Exhibit to Amendment No. 45 to Registrant's Form N-1A
Registration Statement on July 14, 1997 and incorporated herein by
reference.
(m) Filed as an Exhibit to Amendment No. 47 to Registrant's Form N-1A
Registration Statement on July 28, 1997 and incorporated herein by
reference.
(n) Filed as an Exhibit to Amendment No. 49 to Registrant's Form N-1A
Registration Statement on September 2, 1997 and incorporated herein by
reference.
(o) Filed as an Exhibit to Registrant's Form N-14 Registration Statement on
December 5, 1997 and incorporated herein by reference.
(p) Filed as an Exhibit to Registrant's Form N-SAR on June 9, 1997 and
incorporated herein by reference.
(q) Filed as an Exhibit to Registrant's Form N-SAR on December 12, 1997 and
incorporated herein by reference.
(r) Filed as an Exhibit to Amendment No. 50 to Registrant's Form N-1A
Registration Statement on December 15, 1997 and incorporated herein by
reference.
(s) Filed as an Exhibit to Amendment No. 52 to Registrant's Form N-1A
Registration Statement on December 29, 1997 and incorporated herein by
reference.
Item 25. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT.
None.
Item 26. NUMBER OF HOLDERS OF SECURITIES.
As of November 30, 1997, the number of record holders of each series
of Registrant was as follows:
<TABLE>
<CAPTION>
Title of Series Number of Record Holders
--------------- ------------------------
<S> <C>
Large Cap Growth Portfolio A 58
Core Growth Portfolio A 6,438
Emerging Growth Portfolio A 10,733
Income & Growth Portfolio A 2,496
Balanced Growth Portfolio A 930
Government Income Portfolio A 492
Money Market Portfolio 853
International Core Growth Portfolio A 315
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<PAGE>
Worldwide Growth Portfolio A 2,044
International Small Cap Growth Portfolio A 799
Emerging Countries Portfolio A 4,598
Large Cap Growth Portfolio B 116
Core Growth Portfolio B 3,351
Emerging Growth Portfolio B 4,273
Income & Growth Portfolio B 1,521
Balanced Growth Portfolio B 347
Government Income Portfolio B 240
International Core Growth Portfolio B 465
Worldwide Growth Portfolio B 810
International Small Cap Growth Portfolio B 688
Emerging Countries Portfolio B 3,713
Large Cap Growth Portfolio C 31
Core Growth Portfolio C 12,653
Emerging Growth Portfolio C 16,227
Income & Growth Portfolio C 5,208
Balanced Growth Portfolio C 1,278
Government Income Portfolio C 475
International Core Growth Portfolio C 186
Worldwide Growth Portfolio C 5,531
International Small Cap Growth Portfolio C 866
Emerging Countries Portfolio C 3,069
Large Cap Growth Institutional Portfolio 39
Core Growth Institutional Portfolio 183
Emerging Growth Institutional Portfolio 185
Income & Growth Institutional Portfolio 121
Balanced Growth Institutional Portfolio 28
International Core Growth Institutional Portfolio 71
Worldwide Growth Institutional Portfolio 79
International Small Cap Growth Institutional Portfolio 81
Emerging Countries Institutional Portfolio 204
Mini Cap Growth Institutional Portfolio 317
Fully Discretionary Institutional Fixed Income Portfolio 13
Short-Intermediate Institutional Fixed Income Portfolio 15
Value Institutional Portfolio 49
High Yield Bond Institutional Portfolio 25
Strategic Income Institutional Portfolio 20
Global Growth & Income Institutional Portfolio 50
Large Cap Growth Qualified Portfolio 12
Core Growth Qualified Portfolio 193
Emerging Growth Qualified Portfolio 75
Income & Growth Qualified Portfolio 10
Balanced Growth Qualified Portfolio 9
Government Income Qualified Portfolio 9
International Core Growth Qualified Portfolio 25
Worldwide Growth Qualified Portfolio 9
International Small Cap Growth Qualified Portfolio 12
Emerging Countries Qualified Portfolio 1,678
Emerging Markets Bond Institutional Portfolio 16
Global Blue Chip Fund 80
</TABLE>
Item 27. INDEMNIFICATION.
Registrant's trustees, officers, employees and agents against
liabilities incurred by them in connection with the defense or disposition of
any action or proceeding in which they may be involved or with which they may be
threatened, while in office or thereafter, by reason of being or having been in
such office, except with respect to
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matters as to which it has been determined that they acted with willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties
involved in the conduct of their office ("Disabling Conduct").
Section 8 of Registrant's Administration Agreement, filed herewith as
Exhibit 9.1, provides for the indemnification of Registrant's Administrator
against all liabilities incurred by it in performing its obligations under the
Agreement, except with respect to matters involving its Disabling Conduct.
Section 9 of Registrant's Distribution Agreement, filed herewith as Exhibit 6,
provides for the indemnification of Registrant's Distributor against all
liabilities incurred by it in performing its obligations under the Agreement,
except with respect to matters involving its Disabling Conduct. Section 4 of
the Shareholder Service Agreement, filed herewith as Exhibit 9.3, provides for
the indemnification of Registrant's Distributor against all liabilities incurred
by it in performing its obligations under the Agreement, except with respect to
matters involving its Disabling Conduct.
Registrant has obtained from a major insurance carrier a trustees' and
officers' liability policy covering certain types of errors and omissions.
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to trustees, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a trustee, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such trustee, officer, or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
Item 28. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER.
Nicholas-Applegate Capital Management, the investment adviser to the
Master Trust, is a California limited partnership, the general partner of which
is Nicholas-Applegate Capital Management, Inc. (the "General Partner"). During
the two fiscal years ended December 31, 1996, Nicholas-Applegate Capital
Management has engaged principally in the business of providing investment
services to institutional and other clients. All of the additional information
required by this Item 28 with respect to the Investment Adviser is set forth in
the Form ADV, as amended, of Nicholas-Applegate Capital Management (File No.
801-21442), which is incorporated herein by reference.
Item 29. PRINCIPAL UNDERWRITERS.
(a) Nicholas-Applegate Securities does not act as a principal
underwriter, depositor or investment adviser to any investment company other
than Registrant.
(b) Nicholas-Applegate Securities, the Distributor of the shares of
Registrant's Portfolios, is a California limited partnership and its general
partner is Nicholas-Applegate Capital Management Holdings, L.P. (the "General
Partner"). Information is furnished below with respect to the officers,
partners and directors of the General Partner and Nicholas-Applegate
Securities. The principal business address of such persons is 600 West
Broadway, 30th Floor, San Diego, California 92101, except as otherwise indicated
below.
Positions and Positions and
Name and Principal Offices with Principal Offices with
Business Address Underwriter Registrant
- ------------------ ----------- ----------
Arthur E. Nicholas President President
Peter J. Johnson Vice President Vice President
Thomas Pindelski Chief Financial Officer Chief Financial Officer
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E. Blake Moore, Jr. Secretary Secretary
Todd Spillane Director of Compliance None
(c) Not Applicable.
Item 30. LOCATION OF ACCOUNTS AND RECORDS.
All accounts, books and other documents required to be maintained by
Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated
thereunder will be maintained either at the offices of the Registrant (600 West
Broadway, 30th Floor, San Diego, California 92101); the Investment Adviser to
the Trust and Master Trust, Nicholas-Applegate Capital Management (600 West
Broadway, 30th Floor, San Diego, California 92101); the primary administrator
for the Trust and Master Trust, Investment Company Administration Corporation
(4455 East Camelback Road, Suite 261-E, Phoenix, Arizona 85018); the Custodian,
PNC Bank (Airport Business Center, International Court 2, 200 Stevens Drive,
Lester, Pennsylvania 19113); or the Transfer and Dividend Disbursing Agent,
State Street Bank & Trust Company (2 Heritage Drive, 7th Floor, North Quincy,
Massachusetts 02171).
Item 31. MANAGEMENT SERVICES.
Not Applicable.
Item 32. UNDERTAKINGS.
Registrant hereby undertakes that if it is requested by the holders of
at least 10% of its outstanding shares to call a meeting of shareholders for the
purpose of voting upon the question of removal of a Trustee, it will do so and
will assist in communications with other shareholders as required by Section
16(c) of the Investment Company Act of 1940.
Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered with a copy of Registrant's latest annual report to
shareholders, upon request and without charge.
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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 Amendment to
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Diego, State of California, on the 26th day
of March 1998.
NICHOLAS-APPLEGATE MUTUAL
FUNDS
By /s/ Arthur E. Nicholas
----------------------
Arthur E. Nicholas
President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.
/s/ Arthur E. Nicholas Principal Executive Officer March 26, 1998
- ------------------------
Arthur E. Nicholas
Thomas Pindelski* Principal Financial and March 26, 1998
- ------------------------ Accounting Officer
Thomas Pindelski
Fred C. Applegate* Trustee March 26, 1998
- ------------------------
Fred C. Applegate
Arthur B. Laffer* Trustee March 26, 1998
- ------------------------
Arthur B. Laffer
Charles E. Young* Trustee March 26, 1998
- ------------------------
Charles E. Young
* /s/E. Blake Moore, Jr.
- ------------------------
By: E. Blake Moore, Jr.
Attorney In Fact
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EXHIBIT INDEX
NICHOLAS-APPLEGATE MUTUAL FUNDS
AMENDMENT NO. 58 TO
FORM N-1A REGISTRATION STATEMENT
FILE NO. 811-7428
Exhibit No. Title of Exhibit
- ----------- ----------------
(11) CONSENT OF INDEPENDENT AUDITORS.
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Exhibit 11
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "Custodian, Transfer and Dividend Disbursing Agent, Independent
Auditors and Legal Counsel" in Post-Effective Amendment No. 55 under the
Securities Act of 1933 and Amendment No. 57 under the Investment Company Act of
1940 to the registration Statement (Form N-1A, No. 33-56094) and related
Prospectus and Statement of Additional Information of Nicholas-Applegate Mutual
Funds which is incorporated by reference in Post-Effective Amendment No. 56
under the Securities Act of 1933 and Amendment No. 58 under the Investment
Company Act of 1940 to the Registration Statement ( Form N-1A, No. 33-56094) and
related Prospectus and Statement of Additional Information of Nicholas-Applegate
Mutual Funds and to the incorporation by reference therein of our report dated
May 13, 1997, with respect to the financial statements and financial highlights
of Nicholas-Applegate Mutual Funds included in its Annual Report for the year
ended March 31, 1997 filed with the Securities and Exchange Commission.
Los Angeles, California
March 27, 1998
