<PAGE>
Securities Act File No. 33-79858
Investment Company Act of 1940 File No. 811-8544
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 /X/
Post-Effective Amendment No. 38 /X/
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /X/
Amendment No. 39 /X/
UAM FUNDS TRUST
(Exact Name of Registrant as specified in Charter)
c/o UAM Fund Services, Inc.
211 Congress St., 4th Floor
Boston, Massachusetts 02110
Registrant's Telephone Number (617) 542-5440
(Address of Principal Executive Offices)
----------------------------------------
Michael E. DeFao, Esq.
Secretary
UAM Fund Services, Inc.
211 Congress Street
Boston, Massachusetts 02110
(Name and Address of Agent for Service)
---------------------------------------
COPY TO:
Audrey C. Talley, Esq.
Drinker Biddle & Reath LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3469
It is proposed that this filing become effective (check appropriate box):
[ ] Immediately upon filing pursuant to Paragraph (b)
[X] on January 24, 2000 pursuant to Paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a) (1)
[ ] on (date) pursuant to paragraph (a) (1)
[ ] 75 days after filing pursuant to Paragraph (a) (2)
[ ] on (date) pursuant to Paragraph (a) (2) of Rule 485
If appropriate, check the following box:
[X] This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<PAGE>
PART A
UAM FUNDS TRUST
The Institutional Class and Institutional Service Class prospectuses for Dwight
Interest Income Portfolio are incorporated herein by reference to Post-Effective
Amendment No. 36 to this Registration Statement, filed on October 15, 1999.
The prospectus for PIC Twenty Portfolio is contained in Post-Effective Amendment
No. 37. to this Registration Statement, filed on October 27, 1999.
The prospectuses for the following portfolios are contained in Post-Effective
Amendment No. 35 to this Registration Statement, filed on August 9, 1999.
. BHM&S Total Return Bond Portfolio Institutional Class Shares
. BHM&S Total Return Bond Portfolio Institutional Service Class Shares
. Cambiar Opportunity Portfolio
. Chicago Asset Management Intermediate Bond Portfolio
. Chicago Asset Management Value/Contrarian Portfolio
. Clipper Focus Portfolio
. Hanson Equity Portfolio
. Jacobs International Octagon Portfolio
. MJI International Equity Portfolio Institutional Class Shares
. MJI International Equity Portfolio Institutional Service Class Shares
. Pell Rudman Mid-Cap Growth Portfolio
. TJ Core Equity Portfolio
The Institutional Class and Institutional Service Class prospectuses for FPA
Crescent Portfolio are contained in this Post-Effective Amendment No. 34 to this
Registration Statement, filed on July 28, 1999.
The Advisor Class and Institutional Class prospectuses for Heitman Real Estate
Portfolio are contained in Post-Effective Amendment No. 30 to this Registration
Statement, filed on April 22, 1999.
The Institutional Class and Institutional Service Class prospectuses for Dwight
Capital Preservation Portfolio are contained in Post-Effective Amendment No. 29
to this Registration Statement, filed on April 12, 1999.
<PAGE>
PART B
UAM FUNDS TRUST
The statement of additional information for Dwight Interest Imcome Portfolio is
incorporated herein by reference to Post-Effective Amendment No. 36 to this
Registration Statement, filed on October 15, 1999.
The statement of additional information for PIC Twenty Portfolio is contained in
Post-Effective Amendment No. 37 to this Registration Statement, filed on
October 27, 1999.
The statements of additional information for the following portfolios are
contained in Post-Effective Amendment No. 35 to this Registration Statement,
filed on August 9, 1999:
. BHM&S Total Return Bond Portfolio
. Cambiar Opportunity Portfolio
. Chicago Asset Management Intermediate Bond Portfolio
. Chicago Asset Management Value/Contrarian Portfolio
. Clipper Focus Portfolio
. Hanson Equity Portfolio
. Jacobs International Octagon Portfolio
. MJI International Equity Portfolio
. Pell Rudman Mid-Cap Growth Portfolio
. TJ Core Equity Portfolio
The statement of additional information for FPA Crescent Portfolio is contained
in this Post-Effective Amendment No. 34 to this Registration Statement, filed on
July 28, 1999.
The statement of additional information for Heitman Real Estate Portfolio is
contained in Post-Effective Amendment No. 30 to this Registration Statement,
filed on April 22, 1999.
The statement of additional information for Dwight Capital Preservation
Portfolio are contained in Post-Effective Amendment No. 29 to this Registration
Statement, filed on April 12, 1999.
<PAGE>
PART C
UAM FUNDS TRUST
OTHER INFORMATION
ITEM 23. EXHIBITS
Exhibits previously filed by the Fund are incorporated by reference to such
filings. The following table describes the location of all exhibits. In the
table, the following references are used: PEA 34 = Post-Effective Amendment No.
34 filed on July 28, 1999, PEA 30 = Post-Effective Amendment No. 30 filed on
April 23, 1999, PEA 29 = Post-Effective Amendment No. 29 filed on April 12,
1999, PEA 27 = Post-Effective Amendment No. 27 filed on February 5, 1999, PEA 24
= Post Effective Amendment No. 24 filed on July 10, 1998; PEA 19 =
Post-Effective Amendment No. 19 filed on February 3, 1998; PEA17 =
Post-Effective Amendment No. 17 filed on December 15, 1997, PEA16 =
Post-Effective Amendment No. 16 filed on July 10, 1997.
<TABLE>
<CAPTION>
Incorporated by
Reference to
Exhibit (Location):
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C>
A. 1. Agreement and Declaration of Trust PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Certificate of Trust PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
3. Certificate of Amendment to Certificate of Trust PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
B.1. By-Laws PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Amendment to By-Laws dated December 10, 1998 PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
C. 1. Form of Specimen Share Certificate PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. The rights of security holders are defined in the Registrant's Agreement and Declaration of PEA 24
Trust and By-Laws
- ---------- ---------------------------------------------------------------------------------------------- ------------------
D.1. Investment Advisory Agreement between Registrant and Barrow, Hanley, Mewhinney & Strauss PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Investment Advisory Agreement between Registrant and Cambiar Investors, Inc. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
3. Investment Advisory Agreement between Registrant and Chicago Asset Management Company PEA 27
(Intermediate Bond Portfolio)
- ---------- ---------------------------------------------------------------------------------------------- ------------------
4. Investment Advisory Agreement between Registrant and Chicago Asset Management Company PEA 27
(Value/Contrarian Portfolio)
- ---------- ---------------------------------------------------------------------------------------------- ------------------
5. Investment Advisory Agreement between Registrant and Dwight Asset Management Company PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
6. Investment Advisory Agreement between Registrant and Dwight Asset Management Company To be filed by
amendment
- ---------- ---------------------------------------------------------------------------------------------- ------------------
7. Investment Advisory Agreement between Registrant and First Pacific Advisors, Inc. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
8. Investment Advisory Agreement between Registrant and Hanson Investment Management Company PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
9. Investment Advisory Agreement between Registrant and Heitman/PRA Securities Advisors, Inc. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
10. Investment Advisory Agreement between Registrant and Jacobs Asset Management, L.P. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
11. Investment Advisory Agreement between Registrant and Murray Johnstone International Limited PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
12. Investment Advisory Agreement between Registrant and Pacific Financial Research, Inc. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
13. Investment Advisory Agreement between Registrant and Pell Rudman Trust Company, N.A. PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
14. Investment Advisory Agreement between Registrant and Provident Investment Counsel, Inc. To be filed by
amendment
- ---------- ---------------------------------------------------------------------------------------------- ------------------
15. Investment Advisory Agreement between Registrant and Tom Johnson Investment Management PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
E. 1. Distribution Agreement between Registrant and UAM Fund Distributors PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Distribution Agreement between Registrant and UAM Fund Distributors, Inc. dated as of March PEA 29
31, 1999 (Advisor Class Shares)
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Distribution Agreement between Registrant and ACG Capital Corporation (Advisor Class PEA 19
- ---------- ---------------------------------------------------------------------------------------------- ------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Incorporated by
Reference to
Exhibit (Location):
- ---------- ---------------------------------------------------------------------------------------------- ------------------
<S> Shares) <C>
- ---------- ---------------------------------------------------------------------------------------------- ------------------
4. Amendment to Distribution Agreement between Registrant and ACG PEA 29
Capital Corporation dated as of March 31, 1999
- ---------- ---------------------------------------------------------------------------------------------- ------------------
5. Selling Dealer Agreement PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
F. Trustees' and Officers' Contracts and Programs Not applicable
- ---------- ---------------------------------------------------------------------------------------------- ------------------
G. 1. Global Custody Agreement PEA 16
- ---------- ---------------------------------------------------------------------------------------------- ------------------
H. 1. Fund Administration Agreement PEA 27
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Fund Administration Agreement Fee Schedule PEA 30
- ---------- ---------------------------------------------------------------------------------------------- ------------------
3. Mutual Funds Service Agreement PEA 16
- ---------- ---------------------------------------------------------------------------------------------- ------------------
I. Opinions and Consents of Counsel PEA 34, filed
herewith
- ---------- ---------------------------------------------------------------------------------------------- ------------------
J. Consent of Independent Auditors Not applicable
- ---------- ---------------------------------------------------------------------------------------------- ------------------
K. Other Financial Statements Not applicable
- ---------- ---------------------------------------------------------------------------------------------- ------------------
L. Purchase Agreement PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
M. 1. Distribution Plan PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
2. Shareholder Services Plan PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
3. Service Agreement PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
N. Financial Data Schedule Not applicable
- ---------- ---------------------------------------------------------------------------------------------- ------------------
O. Amended and Restated Rule 18f-3 Multiple Class Plan PEA 24
- ---------- ---------------------------------------------------------------------------------------------- ------------------
P. Powers of Attorney PEA 24, PEA 27
</TABLE>
ITEM 24. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE FUND
Not applicable.
ITEM 25. INDEMNIFICATION
Reference is made to Article VI of Registrant's Declaration of Trust, which is
incorporated herein by reference. Registrant hereby also makes the undertaking
consistent with Rule 484 under the Securities Act of 1933, as amended. Insofar
as indemnification for liability arising under the Securities Act of 1933 may be
permitted to directors, 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 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
director, 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 Act and will be governed by the final adjudication of
such issue.
Provisions for indemnification of UAM Fund Services, Inc. are contained in
Section 6 of its Fund Administration Agreement with the Registrant.
Provisions for indemnification of the Registrant's investment advisers are
contained in Section 7 of their respective Investment Advisory Agreements with
the Registrant.
Provisions for indemnification of Registrant's principal underwriter, UAM Fund
Distributors, Inc., are contained in its Distribution Agreement with the
Registrant.
Provisions for indemnification of Registrant's custodian, The Chase Manhattan
Bank, are contained in Section 12 of its Fund Global Custody Agreement with the
Registrant.
ITEM 26. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER
<PAGE>
Reference is made to the caption "Investment Adviser" in the Prospectuses
constituting Part A of this Registration Statement and "Investment Adviser" in
Part B of this Registration Statement. Except for information with respect to
Pell Rudman Trust Company, N.A., the information required by this Item 26 with
respect to each director, officer, or partner of each other investment adviser
of the Registrant is incorporated by reference to the Forms ADV filed by the
investment advisers listed below with the Securities and Exchange Commission
pursuant to the Investment Advisers Act of 1940, as amended, under the file
numbers indicated:
<TABLE>
<CAPTION>
Investment Adviser File No.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Barrow, Hanley, Mewhinney & Strauss, Inc. 801-31237
- -------------------------------------------------------------------------------------------------------------- ------------------
Cambiar Investors, Inc. 801-09538
- -------------------------------------------------------------------------------------------------------------- ------------------
Chicago Asset Management Company 801-20197
- -------------------------------------------------------------------------------------------------------------- ------------------
Dwight Asset Management Company 801-45304
- -------------------------------------------------------------------------------------------------------------- ------------------
First Pacific Advisors, Inc. 801-39512
- -------------------------------------------------------------------------------------------------------------- ------------------
Hanson Investment Management Company 801-14817
- -------------------------------------------------------------------------------------------------------------- ------------------
Heitman/PRA Securities Advisors, Inc. 801-48252
- -------------------------------------------------------------------------------------------------------------- ------------------
Jacobs Asset Management, L.P. 801-49790
- -------------------------------------------------------------------------------------------------------------- ------------------
Murray Johnstone International Ltd. 801-34926
- -------------------------------------------------------------------------------------------------------------- ------------------
Pacific Financial Research, Inc. 801-54352
- -------------------------------------------------------------------------------------------------------------- ------------------
Provident Investment Counsel, Inc. 801-47993
- -------------------------------------------------------------------------------------------------------------- ------------------
Tom Johnson Investment Management, Inc. 801-42549
</TABLE>
<TABLE>
<CAPTION>
Positions and Offices with Pell Rudman Positions and Offices with
Name and Principal Business Address Trust Company, N.A. Pell Rudman & Co., Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Jeffrey S. Thomas Director Chief Financial Officer of
100 Federal Street Pell, Rudman & Co., Inc.
Boston, Massachusetts
- ------------------------------------------------------------------------------------------------------------------------------------
Edward I. Rudman Director Chairman and President of
100 Federal Street Pell, Rudman & Co., Inc.
Boston, Massachusetts
- ------------------------------------------------------------------------------------------------------------------------------------
James S. McDonald Director Executive Vice President of
100 Federal Street Pell, Rudman & Co., Inc.
Boston, Massachusetts
- ------------------------------------------------------------------------------------------------------------------------------------
Susan W. Hunnewell Director Senior Vice President of Pell,
100 Federal Street Rudman & Co., Inc.
Boston, Massachusetts
</TABLE>
Barrow, Hanley, Mewhinney & Strauss, Inc., Cambiar Investors, Inc., Chicago
Asset Management Company, Dwight Asset Management Company, First Pacific
Advisors, Inc., Hanson Investment Management Company, Heitman/PRA Securities
Advisors, Inc., Jacobs Asset Management, L.P., Murray Johnstone International
Ltd., Pacific Financial Research, Inc., Pell Rudman Trust Company, N.A.,
Provident Investment Counsel, and Tom Johnson Investment Management, Inc., are
affiliates of United Asset Management Corporation ("UAM"), a Delaware
corporation owning firms engaged primarily in institutional investment
management.
ITEM 27. PRINCIPAL UNDERWRITERS
(a) UAM Fund Distributors, Inc. ("UAMFDI") acts as distributor of the
registrant's shares. ACG Capital Corporation ("ACG") also acts as
distributor of the Heitman Real Estate Portfolio Advisor Class Shares.
(b) The information required with respect to each director and officer of
UAMFDI is incorporated by reference to Schedule A of Form BD filed pursuant
to the Securities and Exchange Act of 1934 (SEC File No. 8-41126).
(c) The information required with respect to each Director and officer of ACG
is incorporated by reference to Schedule A of Form BD filed pursuant to the
Securities and Exchange Act of 1934 (SEC File No. 8-47813).
(d) Not applicable.
<PAGE>
ITEM 28. LOCATION OF ACCOUNTS AND RECORDS
Books or other documents required to be maintained by Section 31(a) of the
Investment Company Act of 1940, and the Rules promulgated thereunder, are
maintained as follows:
Name and Address of Service Provider Relationship with Registrant
- --------------------------------------------------------------------------------
The Chase Manhattan Bank Custodian bank
4 Chase MetroTech Center
Brooklyn, New York, 11245
- --------------------------------------------------------------------------------
Chase Global Funds Services Company Sub-administrator
73 Tremont Street
Boston, Massachusetts 02108
- --------------------------------------------------------------------------------
UAM Fund Services, Inc. Administrator
211 Congress Street, 4th Floor
Boston, Massachusetts 02110
- --------------------------------------------------------------------------------
UAM Shareholder Services Center, Inc. Sub-shareholder servicing agent
825 Duportail Road
Wayne, PA 19087
- --------------------------------------------------------------------------------
DST Systems, Inc. Sub-transfer agent
210 West 10th Street
Kansas City, Missouri 64105
The registrant's investment advisers will also maintain physical possession of
certain of the books, accounts and other documents required by Section 31(a)
under the Investment Company Act of 1940, as amended, and the rules promulgated
thereunder.
ITEM 29. MANAGEMENT SERVICES
Not Applicable.
ITEM 30. UNDERTAKINGS
Not Applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company
Act, the registrant certifies that it meets all of the requirement for
effectiveness of this registration statement under Rule 485(b) under the
Securities Act and has duly caused this registration statement to be signed on
its behalf by the undersigned, duly authorized, in the City of Boston, and State
of Massachusetts on the 28th day of December, 1999.
UAM FUNDS TRUST
/s/ Michael E. DeFao, Esq.
--------------------------------
Michael E. DeFao, Esq.
Secretary
Pursuant to the requirements of the Securities Act, this registration statement
has been signed below by the following persons in the capacities indicated on
this 28th day of December, 1999.
*
- -----------------------------------
Norton H. Reamer, Chairman and
President
*
- -----------------------------------
John T. Bennett, Jr., Trustee
*
- -----------------------------------
Nancy J. Dunn, Trustee
*
- -----------------------------------
Philip D. English, Trustee
*
- -----------------------------------
William A. Humenuk, Trustee
*
- -----------------------------------
James P. Pappas, Trustee
*
- -----------------------------------
Peter M. Whitman, Jr., Trustee
/s/ Gary L. French
- -----------------------------------
Gary L. French, Treasurer
/s/ Michael E. DeFao, Esq.
- -----------------------------------
* Michael E. DeFao, Esq.
(Attorney-in-Fact)
<PAGE>
UAM FUNDS TRUST
EXHIBIT INDEX
Exhibit Description
- --------------------------------------------------------------------------------
1. Opinions and Consents of Counsel
<PAGE>
Drinker Biddle & Reath LLP
One Logan Square
18th and Cherry Streets
Philadelphia, PA 19103-6996
(215) 988-2700
(215)-988-2757 (Fax)
December 21, 1999
UAM Funds Trust
211 Congress Street
Fourth Floor
Boston, MA 02110
RE: UAM Funds Trust - Shares of Beneficial Interest
-----------------------------------------------
Ladies and Gentlemen:
We have acted as counsel for UAM Funds Trust, a Delaware business trust,
("UAM") in connection with the registration by UAM of shares of beneficial
interest without par value of its Dwight Interest Income Portfolio (the
"Portfolio"). The Agreement and Declaration of Trust of UAM authorizes the
issuance of an unlimited number of shares of beneficial interest, which are
divided into multiple series and classes (each a "Class" and collectively
"Classes"). The shares of beneficial interest designated into each such series
are referred to herein as the "Shares." You have asked for our opinion on
certain matters relating to the Shares of the Portfolio.
We have reviewed UAM's Agreement and Declaration of Trust and By-laws,
resolutions of UAM's Board of Trustees ("Board"), certificates of public
officials and of UAM's officers and such other legal and factual matters as we
have deemed appropriate. We have also reviewed UAM's Registration Statement on
Form N-1A under the Securities Act of 1933 (the "Registration Statement"), as
amended through Post-Effective Amendment No. 38 thereto.
This opinion is based exclusively on the Delaware Business Trust Act and
the federal law of the United States of America.
We have assumed the following for purposes of this opinion:
1. The shares of beneficial interest have been issued in accordance with
the Agreement and Declaration of Trust and By-laws of UAM and resolutions of
UAM's Board relating to the creation, authorization and issuance of the Shares.
2. Prior to the issuance of any future Shares, the Board (a) will duly
authorize the issuance of such future Shares, (b) will determine with respect to
each class of such future Shares the preferences, limitations and relative
rights applicable thereto and (c) if such future
Shares are classified into separate series, will duly take the action necessary
to create such series and to determine the relative designations, preferences,
limitations and rights thereof.
3. With respect to the future Shares, there will be compliance with the
terms, conditions and restrictions applicable to the issuance of such shares
that are set forth in (i) UAM's Agreement and Declaration of Trust and By-laws,
each as amended as of the date of such issuance, and (ii) the applicable future
series designations.
4. The Board will not change the preferences, limitations or relative
rights of any class or series of Shares after any shares of such class or series
have been issued.
Based upon the foregoing, we are of the opinion that the Shares of the
Portfolio will be, when issued in accordance with, and sold for the
consideration described in the Registration Statement, validly issued, fully
paid and non-assessable by UAM, and that the holders of the Portfolio's Shares
will be entitled to the same limitation of personal liability extended to
stockholders of private corporations for profit organized under the general
corporation law of the State of Delaware (except that we express no opinion as
to such holders who are also trustees of UAM).
We consent to the filing of this opinion with Post-Effective Amendment No.
39 to the Registration Statement to be filed by UAM with the Securities and
Exchange Commission.
Very truly yours,
/s/ DRINKER BIDDLE & REATH LLP
DRINKER BIDDLE & REATH LLP