As filed with the Securities and Exchange Commission on June 28, 2000
Securities Act File No. 33-92712
Investment Company Act File No. 811-9050
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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. 16
X
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940
X
Amendment No. 20
X
PICTET FUNDS
(Exact Name of Registrant as Specified in Charter)
101 Federal Street, Boston, MA 02110
Registrant's Telephone Number, including Area Code: (617) 535-0525
Name and Address of Agent for Service: Copies to:
Gail A. Hanson, Esq. Pamela Wilson, Esq.
PFPC Inc. Hale and Dorr
101 Federal Street 60 State Street
BOS 610 Boston, MA 02109
Boston, Massachusetts 02110
It is proposed that the filing will become effective:
____ immediately upon filing pursuant to paragraph (b)
X on July 21, 2000 pursuant to paragraph (b)
60 days after filing pursuant to paragraph (a)(1) ___ on [ ]
pursuant to paragraph (a)(1)
75 days after filing pursuant to paragraph (a)(2) _ on [ ]
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>
The purpose of filing Post-Effective Amendment No. 16 is to designate July 21,
2000 as the new effective date for the Registrant's Post-Effective Amendment No.
14 as filed with the Securities and Exchange Commission ("SEC") on April 14,
2000 ("Post-Effective Amendment No. 14")
PART A
Prospectus for Pictet European Equity Fund and Pictet International Equity Fund
is incorporated by reference to Post-Effective Amendment No. 14.
PART B
Statements of Additional Information for Pictet European Equity Fund and Pictet
International Equity Fund are incorporated by reference to Post-Effective
Amendment No. 14.
<PAGE>
C: OTHER INFORMATION
Item 23. Exhibits
Exhibits:
a(1) Declaration of Trust dated May 23, 1995 is incorporated by reference to
Post-Effective No. 3 as filed with the Securities and Exchange Commission
January 2, 1996 ("Post-Effective Amendment No. 3").
a(2) Amendment to the Declaration of Trust dated June 8, 1995 is incorporated by
reference to Post-Effective Amendment No. 3.
a(3) Amendment to the Declaration of Trust dated December 28, 1995 is
incorporated by reference to Post-Effective Amendment No. 3.
a(4) Amendment to the Declaration of Trust dated March 1, 1996 is incorporated
by reference to Post-Effective Amendment No. 4 as filed with the Securities and
Exchange Commission April 1, 1996 ("Post-Effective Amendment No. 4").
a(5) Amendment to the Declaration of Trust dated April 17, 1997 is incorporated
by reference to Post-Effective Amendment No. 8 as filed with the Securities and
Exchange Commission April 30, 1998 ("Post-Effective Amendment No. 8").
a(6) Amendment to the Declaration of Trust dated April 13, 1999 is incorporated
by reference to Post-Effective Amendment No. 12.
a(7) Amendment to the Declaration of Trust dated May 11, 2000 is filed herein
as Exhibit a(7).
b By-Laws dated May 23, 1995 is incorporated by reference to Post-Effective
Amendment No. 3.
c Not Applicable.
d(1) Investment Advisory Agreement between Registrant and Pictet International
Management Limited dated October 3, 1995 with respect to Pictet Global Emerging
Markets Fund is incorporated by reference to Post-Effective Amendment No. 3
d(2) Supplement dated January 2, 1996 to the Investment Advisory Agreement with
respect to Pictet International Small Companies Fund is incorporated by
reference to Post-Effective Amendment No. 4.
d(3) Supplement dated March 12, 1997 to the Investment Advisory Agreement with
respect to Pictet Eastern European Fund is incorporated by reference to
Post-Effective Amendment No. 8.
e Distribution Agreement between Registrant and Provident Distributors, Inc.
dated September 24, 1999 with respect to Pictet Global Emerging Markets Fund,
Pictet International Small Companies Fund, Pictet Eastern European Fund and
Pictet European Equity Fund is incorporated by reference to Post-Effective
Amendment No. 13.
f Not Applicable.
g(1) Custodian Agreement between Registrant and Brown Brothers Harriman & Co.
dated September 15, 1995 with respect to Pictet Global Emerging Markets Fund is
incorporated by reference to Post-Effective Amendment No. 3.
g(2) Amendment to Custodian Agreement dated January 10, 1996 with respect to
Pictet International Small Companies Fund is incorporated by reference to
Post-Effective Amendment No. 4
g(3) Amendment to Custodian Agreement dated September 13, 1996 is incorporated
by reference to Post-Effective Amendment No. 6 filed with the Securities and
Exchange Commission February 17, 1997.
g(4) Amendment to Custodian Agreement dated September 16, 1997 with respect to
Pictet Eastern European Fund is incorporated by reference to Post-Effective
Amendment No. 8.
g(5) Amendment to Custodian Agreement with respect to Pictet European Equity
Fund is incorporated by reference to Post-Effective Amendment No. 10.
h(1) Transfer Agency and Services Agreement between Registrant and The
Shareholder Services Group, Inc. (now known as PFPC Inc.) dated October 3, 1995
with respect to Pictet Global Emerging Markets Fund is incorporated by reference
to Post-Effective Amendment No. 3.
h(2) Supplement dated January 2, 1996 to the Transfer Agency and Services
Agreement with respect to Pictet International Small Companies Fund is
incorporated by reference to Post-Effective Amendment No. 4.
h(3) Supplement dated March 12, 1997 to the Transfer Agency and Services
Agreement with respect to Pictet Eastern European Fund is incorporated by
reference to Post-Effective Amendment No. 8.
h(4) Supplement to the Transfer Agency and Services Agreement with respect to
Pictet European Equity Fund is incorporated by reference to Post-Effective
Amendment No. 10.
h(5) Administration Agreement dated October 3, 1995 between Registrant and The
Shareholder Services Group, Inc. (now known as PFPC Inc.) with respect to Pictet
Global Emerging Markets Fund is incorporated by reference to Post-Effective
Amendment No. 3.
h(6) Amendment dated September 24, 1999 to the Administration Agreement dated
October 3, 1995 is incorporated by reference to Post-Effective Amendment No. 13.
h(7) Supplement dated January 2, 1996 to the Administration Agreement dated
October 3, 1995 with respect to Pictet International Small Companies Fund is
incorporated by reference to Post-Effective Amendment No. 4.
h(8) Supplement dated March 12, 1997 to the Administration Agreement with
respect to Pictet Eastern European Fund is incorporated by reference to
Post-Effective Amendment No. 8.
h(9) Supplement to the Administration Agreement with respect to Pictet European
Equity Fund is incorporated by reference to Post-Effective Amendment No. 10.
i Not Applicable.
j(1) Power of Attorney is incorporated by reference to Post- Effective Amendment
No. 13.
j(2) Not Applicable.
k Not Applicable.
l(1) Purchase Agreement dated October 2, 1995 with respect to Pictet Global
Emerging Markets Fund is incorporated by reference to Post-Effective Amendment
No. 3.
l(2) Purchase Agreement dated February 1, 1996 with respect to Pictet
International Small Companies is incorporated by reference to Post-Effective
Amendment No. 4.
l(3) Purchase Agreement dated March 12, 1997 with respect to Pictet Eastern
European Fund is incorporated by reference to Post-Effective Amendment No. 8.
m Not Applicable.
n Not Applicable.
o(1) Code of Ethics for the Trust is incorporated by reference to Post-Effective
Amendment No. 14.
o(2) Code of Ethics for Pictet International Management Limited is incorporated
by reference to Post-Effective Amendment No. 14.
<PAGE>
Item 24. Persons Controlled by or Under Common Control with Registrant
Registrant is not controlled by or under common control with any person.
Item 25. Indemnification
Under Section 4.3 of Registrant's Declaration of Trust, any past or present
Trustee or officer of Registrant (hereinafter referred to as a "Covered Person")
is indemnified to the fullest extent permitted by law against all liability and
all expenses reasonably incurred by him or her in connection with any claim,
action, suit, or proceeding to which he or she may be a party or otherwise
involved by reason of his or her being or having been a Covered Person. This
provision does not authorize indemnification when it is determined, in the
manner specified in the Declaration of Trust, as amended, that such Covered
Person has not acted in good faith in the reasonable belief that his or her
actions were in or not opposed to the best interests of Registrant. Moreover,
this provision does not authorize indemnification when it is determined, in the
manner specified in the Declaration of Trust, as amended, that such Covered
Person would otherwise be liable to Registrant or its shareholders by reason of
willful misfeasance, bad faith, gross negligence or reckless disregard of his or
her duties. Expenses may be paid by Registrant in advance of the final
disposition of any claim, action, suit or proceeding upon receipt of an
undertaking by or on behalf of such Covered Person to repay such expenses to
Registrant in the event that it is ultimately determined that indemnification of
such expenses is not authorized under the Declaration of Trust, as amended, and
the Covered Person either provides security for such undertaking or insures
Registrant against losses from such advances or the disinterested Trustees or
independent legal counsel determines, in the manner specified in the Declaration
of Trust, as amended, that there is reason to believe the Covered Person will be
found to be entitled to indemnification.
Insofar as indemnification for liabilities arising under the Securities Act of
1933, as amended (the "Securities Act"), 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 therefore, is 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 connection with the successful defense
of any claim, action, suit or proceeding) is asserted against the Registrant by
such Trustee, officer, or controlling person in connection with the shares 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 26. Business and Other Connections of Investment Adviser
Pictet International Management Limited (the "Adviser") is an affiliate of
Pictet & Cie (the "Bank"), a Swiss private bank which was founded in 1805. The
Bank manages the accounts for institutional and private clients and is owned by
eight partners. The Adviser, established in 1980, manages the investment needs
of clients seeking to invest in the international fixed revenue and equity
markets.
The list required by this Item 26 of officers and directors of Pictet
International Management Limited, together with the information as to any other
business, profession, vocation, or employment of substantial nature engaged in
by such officers and directors during the past two years, is incorporated by
reference to Schedules A and D of Form ADV filed by Pictet International
Management Limited pursuant to the Investment Advisers Act of 1940, as amended
(SEC File No. 801-15143).
Item 27. Principal Underwriters
(a) In addition to Pictet Funds, Provident Distributors, Inc. (the
"Distributor") act as principal underwriter for the following investment
companies: International Dollar Reserve Fund I, Ltd., Provident Institutional
Funds Trust, Pacific Innovations Trust, Columbia Common Stock Fund, Inc.,
Columbia Growth Fund, Inc., Columbia International Stock Fund, Inc., Columbia
Special Fund, Inc., Columbia Small Cap Fund, Inc., Columbia Real Estate Equity
Fund, Inc., Columbia Balanced Fund, Inc., Columbia Daily Income Company,
Columbia U.S. Government Securities Fund, Inc., Columbia Fixed Income Securities
Fund, Inc., Columbia Municipal Bond Fund, Inc., Columbia High Yield Fund, Inc.,
Columbia National Municipal Bond Fund, Inc., GAMNA Series Funds, Inc., WT
Investment Trust, Kalmar Pooled Investment Trust, The RBB Fund, Inc., Robertson
Stephens Investment Trust, HT Insight Funds, Inc., Harris Insight Funds Trust,
Hilliard-Lyons Government Fund, Inc., Hilliard-Lyons Growth Fund, Inc.,
Hilliard-Lyons Research Trust, Senbanc Fund, Warburg Pincus Trust, ABN AMRO
Funds, Deutsche Asset Management VIT Funds, Alleghany Funds, First Choice Funds
Trust, LKCM Funds, The Galaxy Fund, The Galaxy VIP Fund, Galaxy Fund II, IBJ
Funds Trust, Wilshire Target Funds, Inc., Undiscovered Managers Fund, New
Covenant Funds, Forward Funds, Inc., Light Index Funds, Inc. Weiss Peck & Greer
Funds Trust, Weiss Peck & Greer International Fund, WPG Growth Fund, WPG Growth
& Income Fund, WPG Tudor Fund, RWB/WPG U..S. Large Stock Fund, Tomorrow Funds
Retirement Trust, The Govett Funds, Inc., IAA Trust Growth Fund, Inc., IAA Trust
Asset Allocation Fund, Inc., IAA Trust Tax Exempt Bond Fund, Inc., IAA Trust
Taxable Fixed Income Series Fund, Inc., Matthews International Funds, MCM Funds,
Metropolitan West Funds, Smith Breeden Series Fund, Smith Breeden Trust,
Stratton Growth Fund, Inc., Stratton Monthly Dividend REIT Shares, Inc., The
Stratton Funds, Inc., Trainer, Wortham First Mutual Funds and The BlackRock
Funds, Inc. (Distributed by BlackRock Distributors, Inc. a wholly owned
subsidiary of Provident Distributors, Inc.), Northern Funds Trust and Northern
Institutional Funds Trust (Distributed by Northern Funds Distributors, LLC. a
wholly owned subsidiary of Provident Distributors, Inc.) The Offit Variable
Insurance Fund, Inc. (Distributed by Offit Funds Distributor, Inc. a wholly
owned subsidiary of Provident Distributors, Inc., and The Offit Investment Fund,
Inc. (Distributed by Offit Funds Distributor, Inc. a wholly owned subsidiary of
Provident Distributors, Inc.). Provident Distributors, Inc. is registered with
the Securities and Exchange Commission as a broker-dealer and is a member of the
National Association of Securities Dealers. Provident Distributors, Inc. is
located at Four Falls Corporate Center, Suite 600, West Conshohocken,
Pennsylvania 19428-2961.
(b) The information required by this Item 27(b) with respect to each director,
officer or partner of Provident Distributors, Inc. ("PDI") is incorporated by
reference to Schedule A of Form BD filed by PDI with the SEC pursuant to the
Securities Act of 1934 (File No. 8-46564). No director, officer, or partner of
PDI holds a position or office with the Registrant.
(c) Not Applicable.
Item 28. Location of Accounts and Records
All accounts books and other documents required to be maintained by Registrant
by Section 31(a) of the Investment Company Act of 1940, as amended, and the
rules thereunder will be maintained at the offices of:
Pictet International Management Limited
Tower 42, Level 37
25 Old Broad Street
London, England EC2N 1HQ
(records relating to its functions as investment adviser)
Brown Brothers Harriman & Co.
40 Water Street
Boston, Massachusetts 02109
(records relating to its functions as custodian)
PFPC Inc.
101 Federal Street
BOS 610
Boston, Massachusetts 02110
(records relating to its functions as administrator)
PFPC Inc.
4400 Computer Drive
Westboro, Massachusetts 01581-5120
(records relating to its functions as transfer agent)
Provident Distributors, Inc.
3200 Horizon Drive
King of Prussia, PA 19406
(records relating to its functions as distributor)
Item 29. Management Services
Not Applicable.
Item 30. Undertakings
Not Applicable
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description
a(7) Amendment to Declaration of Trust
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the
Investment Company Act of 1940, as amended, Pictet Funds 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 the Registrant has
duly caused this Post-Effective Amendment No. 16 to its Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the
City of Boston, and Commonwealth of Massachusetts, on the 28th day of June 2000.
PICTET FUNDS
By *
Jean G. Pilloud
Chairman, President and Trustee
* By:
/s/Andrew M. Goldberg
Andrew M. Goldberg
as Attorney-in-Fact
Pursuant to the requirements of the Securities Act of 1933, as amended, this
Post-Effective Amendment No. 16 to the Registration Statement of Pictet Funds
has been signed by the following persons in the capacities and on the dates
indicated:
Signature Title Date
* Chairman, President June 28, 2000
---------------------------
(Jean G. Pilloud) and Trustee
(principal executive officer)
* Treasurer June 28, 2000
------------------------------
(William J. Baltrus) (principal financial and
accounting officer)
* Trustee June 28, 2000
-------------------------------------
(Jean-Francois Demole)
* Trustee June 28, 2000
-------------------------------------
(Jeffrey P. Somers, Esq.)
* Trustee June 28, 2000
-------------------------------
(Bruce W. Schnitzer)
* Trustee June 28, 2000
---------------------------
(David J. Callard)
* By:
/s/Andrew M. Goldberg
Andrew M. Goldberg
as Attorney-in-Fact
