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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED
INVESTMENT COMPANIES
Persons who respond to the collection of information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 2100 (10-10)
FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending:
/
or fiscal year ending:
/
/
/
(a)
(b)
Is this a transition report? (Y/N) ______
Is this an amendment to a previous filing? (Y/N) ______
Those items or sub-items with a box “
the previous filing on this form.
1.
2.
A.
Registrant Name:
B.
File Number: 811
C.
Telephone Number:
A.
Street:
B.
City:
E.
Foreign Country:
” after the item number should be completed only if the answer has changed from
C. State:
D. Zip Code:
Zip Ext:
Foreign Postal Code:
3.
Is this the first filing on this form by Registrant? (Y/N) ___________________________________________________
4.
Is this the last filing on this form by Registrant? (Y/N) ____________________________________________________
5.
Is Registrant a small business investment company (SBIC)? (Y/N) __________________________________________
[If answer is “Y” (Yes), complete only items 89 through 110.]
6.
Is Registrant a unit investment trust (UIT)? (Y/N) _________________________________________________________
[If answer is “Y” (Yes) complete only items 111 through 133.]
7.
A.
Is Registrant a series or multiple portfolio company? (Y/N) ___________________________________________
[If answer is “N” (No), go to item 8.]
B.
How many separate series or portfolios did Registrant have at the end of the period? _____________________
01
If filing more than one
Page 2,“X” box:
For period ending _________________
File number 811- __________________
C. List the name of each series or portfolio and give a consecutive number to each series or portfolio starting with the
number 1. USE THIS SAME NUMERICAL DESIGNATION FOR EACH SERIES OR PORTFOLIO IN THE
SERIES INFORMATION BLOCK IN THE TOP RIGHT CORNER OF THE SCREENS SUBMITTED IN THIS
FILING AND IN ALL SUBSEQUENT FILINGS ON THIS FORM. THIS INFORMATION IS REQUIRED EACH
TIME THE FORM IS FILED.
Series
Number
Is this the
last filing
for this series?
Series Name
(Y/N)
1
(NOTE: See item D(8) of the general instructions to the form for information on how to complete the form for series
companies.)
02
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 3,“X” box:
8.
A.
Adviser Name (If any): _______________________________________________________________________
B.
Is this an Adviser or a Sub-adviser? (A or S):_________
C.
File Number: 801 - ________________
D.
City: __________________________State: ____________ Zip Code: ____________ Zip Ext.: ____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
8.
A.
Adviser Name (If any): _______________________________________________________________________
B.
Is this an Adviser or a Sub-adviser? (A or S): _________
C.
File Number: 801 - ______________
D.
City: __________________________State: ____________Zip Code:___________ Zip Ext.: ______________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
8.
A.
Adviser Name (If any): _______________________________________________________________________
B.
Is this an Adviser or a Sub-adviser? (A or S): _________
C.
File Number: 801 - ______________
D.
City: ________________________State: ____________Zip Code: ___________ Zip Ext.: ______________
Foreign Country: _________________________________ Foreign Postal Code: ______________________
THE NEXT ITEM NUMBER IS 10.
03
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 4,“X” box:
ADMINISTRATOR
10.
A.
Administrator Name (if any):__________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
10.
A.
Administrator Name (If any):___________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
10.
A.
Administrator Name (If any):___________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
10.
A.
Administrator Name (If any):___________________________________________________________________
B.
File Number (if any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
04
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 5,“X” box:
PRINCIPAL UNDERWRITER
11.
A.
Underwriter Name (If any):____________________________________________________________________
B.
File Number: 8 - ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
11.
A.
Underwriter Name (If any):____________________________________________________________________
B.
File Number: 8 - ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ______________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
11.
A.
Underwriter Name (If any):____________________________________________________________________
B.
File Number: 8 - ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ______________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
11.
A.
Underwriter Name (If any):____________________________________________________________________
B.
File Number: 8 - ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ______________
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
05
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 6,“X” box:
SHAREHOLDER SERVICING AGENT
12.
12.
12.
12.
A.
Agent Name (If any):_________________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
A.
Agent Name (If any):_________________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
A.
Agent Name (If any):_________________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ______________
A.
Agent Name (If any):_________________________________________________________________________
B.
File Number (If any): ________________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
06
Series Information Block
For period ending _________________
This page being filed for
All Series:
Series No.:
File number 811- __________________
If filing more than one
Page 7,“X” box:
INDEPENDENT PUBLIC ACCOUNTANT
13.
13.
13.
13.
A.
Accountant Name: ___________________________________________________________________________
B.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ____________
C.
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
A.
Accountant Name: ___________________________________________________________________________
B.
City: __________________________State: ____________ Zip Code: ___________ Zip Ext.: _____________
C.
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
A.
Accountant Name: ___________________________________________________________________________
B.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ____________
C.
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
A.
Accountant Name: __________________________________________________________________________
B.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: ____________
C.
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
07
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 8,“X” box:
AFFILIATED BROKER/DEALER
14.
14.
14.
14.
14.
A.
Broker/Dealer Name (If any):__________________________________________________________________
B.
File Number: 8 - __________________
A.
Broker/Dealer Name (If any):__________________________________________________________________
B.
File Number: 8 - __________________
A.
Broker/Dealer Name (If any):__________________________________________________________________
B.
File Number: 8 - __________________
A.
Broker/Dealer Name (If any):__________________________________________________________________
B.
File Number: 8 - __________________
A.
Broker/Dealer Name (If any):__________________________________________________________________
B.
File Number: 8- __________________
08
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending __________________
File number 811- ____________________
If filing more than one
Page 9,“X” box:
CUSTODIAN/SUB-CUSTODIAN
15.
A.
Custodian/Sub-custodian Name: _______________________________________________________________
B.
Is this a Custodian or Sub-custodian? (C or S): __________
C.
City: __________________________ State: ____________ Zip Code: ___________ Zip Ext.: _____________
D.
Foreign Country: ____________________________________ Foreign Postal Code: _____________________
E.
Mark one of the following with an “X”:
TYPE OF CUSTODY
Bank
Sec.17(f)(l)
Member Nat’l
Sec. Exchg.
Rule l7f-l
Foreign
Custodian
Rule 17f-5
Self
Rule 17f-2
Insurance Co.
Sponsor
Rule 26a-2
Other
THE NEXT ITEM NUMBER IS 18.
SCREEN NUMBER: 09
18.
Does Registrant’s/Series’ custodian(s) maintain some or all of Registrant’s/Series’ securities in a central
depository or book-entry system pursuant to Rule 17f-4? (Y/N)
Y/N
19.
Family of investment companies information:
A.
Is Registrant part of a family of investment companies? (Y/N)
Y/N
B.
If “Y” (Yes), state the number of registered management investment companies in the family:_______
(NOTE:Count as a separate company each series of a series company and each portfolio of a multi
ple portfolio company; exclude all series of unit investment trusts from this number.)
C.
Identify the family using 10 letters: --- --- --- --- --- --- --- --- --- --
(NOTE:In filing this form, use this identification consistently for all investment companies in the
family including any unit investment trusts. This designation is for purposes of this form
only.)
09
If filing more than one
Page 10,“X” box:
For period ending __________________
File number 811- ___________________
PORTFOLIO TRANSACTIONS
20.
Brokerage commissions paid on portfolio transactions of Registrant:
List the 10 brokers which received the largest amount of brokerage commissions (excluding dealer concessions in
underwritings) by virtue of direct or indirect participation in Registrant’s portfolio transactions, set forth in order
of size of gross commissions during the current reporting period:
Name of Broker
IRS Number
Gross Commissions
Received from Registrant*
($000’s omitted)
21.
Aggregate brokerage commissions paid by Registrant
during current reporting period ($000’s omitted):
* Value must be numeric, using no decimals.
10
$ _____________________*
If filing more than one
Page 11,“X” box:
For period ending __________________
File number 811- ___________________
22.
Registrant’s portfolio transactions with entities acting as principals:
List the 10 entities acting as principals with whom Registrant did the largest amount of portfolio transactions
(include all short-term obligations, and U.S. Gov’t & tax-free securities) in both the secondary market & in
underwritten offerings set forth in order of size based upon total value of principal transactions during the current
reporting period: (FOR SERIES COMPANIES, ITEMS 22 & 23 MUST BE ANSWERED IN TOTAL FOR ALL
SERIES)
Name of Entity
IRS Number
Registrant
Purchases*
Registrant sales
(excl. maturing
securities)*
($000’s omitted)
23.
Aggregate principal purchase/sale transactions of Registrant during current reporting period ($000’s omitted):
$ ____________________ $ ______________
Total Purchases
* Value must be numeric, using no decimals.
11
Total Sales*
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 12,“X” box:
24.
At the end of the current period, did the Registrant/Series hold any securities of its regular brokers or
dealers or of the parents of such brokers or dealers that derive more than 15% of gross revenue from
securities-related activities? (Y/N)
Y/N
[If answer is “N” (No), go to item 26.]
SCREEN NUMBER: 13
25.
List below the information requested about Registrant’s/Series’ holdings of the securities of its regular
brokers or dealers or of their parents that derive more than 15% of gross revenues from securities-related
activities:
Name of Regular Broker
or
Dealer of Parent (Issuer)
Type of
Security
Owned
D = debt
E = equity
IRS
Number
12
Value of any
Securities owned
at end of
current period
($000’s omitted)
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 13,“X” box:
26.
Considerations which affected the participation of brokers or dealers or other entities in commissions
or other compensation paid on portfolio transactions of Registrant:
(FOR SERIES COMPANIES THIS ITEM IS TO BE ANSWERED IN TOTAL FOR ALL SERIES)
Answer each of the following with “Y” or “N”.
Y/N
A. Sales of Registrant’s/Series’ shares ________________________________________________ _______
B. Receipt of investment research and statistical information_____________________________ _______
C. Receipt of quotations for portfolio valuations_________________________________________ _______
D. Ability to execute portfolio transactions to
obtain best price and execution ___________________________________________________ _______
E. Receipt of telephone line and wire services __________________________________________ _______
F. Broker or dealer which is an affiliated person ________________________________________ _______
G. Arrangement to return or credit part of all of
commissions or profits thereon: ____________________________________________________ _______
(i) To investment adviser, principal underwriter, or
an affiliated person of either ___________________________________________________ _______
(ii) To Registrant ________________________________________________________________ _______
H. Other __________________________________________________________________________ _______
SCREEN NUMBER: 15
27.
Is Registrant/Series an open-end investment company? (Y/N)
Y/N
[If answer is “N” (No), go to item 45.]
13
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 14,“X” box:
28.
Monthly sales and repurchases of Registrant’s/Series’ shares:
Total NAV
of Shares
Sold:
New Sales (Incl.
Exchanges)
(000’s omitted)
Total NAV
of Shares
Sold: Reinv.
of Dividends &
Distributions
(000’s omitted)
Total NAV
of Shares
Sold:
Other
(000’s omitted)
Total NAV
of Shares
Redeemed and
Repurchased
(Incl. Exchanges)
(000’s omitted)
A. First month of period
$ ____________
$ ____________
$ ____________
$ _____________
B. Second month of period
$ ____________
$ ____________
$ ____________
$ ____________
C. Third month of period
$ ____________
$ ____________
$ ____________
$ ____________
D. Fourth month of period
$ ____________
$ ____________
$ ____________
$ ____________
E. Fifth month of period
$ ____________
$ ____________
$ ____________
$ ____________
F. Sixth month of period
$ ____________
$ ____________
$ ____________
$ ____________
G.
$
$
$
$
Month of
Current Period
Total
H. Total NAV of Registrant’s/Series’ share sales during the
period subject to a sales load ($000’s omitted)
14
$ ____________
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 15,“X” box:
29.
30.
Was a front-end sales load deducted from any share sales during
the reporting period? (Y/N) _______________________________________________________________ _______
[If answer is “N” (No), go to item 34.]
Y/N
A.
Total front-end sales loads collected from sales (including exchanges) by principal
underwriter or by any underwriter which is an affiliated person of the
principal underwriter, of Registrant’s/Series’ shares during
the current period ($000’s omitted) _____________________________________________________ $__________
B.
What is the maximum sales load rate in effect at the end of the period as a percentage
of the offering price? _______________________________________________________________ ___________%*
C.
What is the minimum sales load rate in effect at the end of the period as a percentage
of the offering price? ______________________________________________________________ ___________%*
*Percentages must have format nn.nn (where n = integer).
SCREEN NUMBER: 18
31.
A.
Net amount retained by Registrant’s/Series’ principal underwriter or by any underwriter
or dealer which is an affiliated person of the principal underwriter thereof from front-end
sales loads collected from sales of Registrant’s/Series’ shares during the
current period ($000’s omitted) ________________________________________________________ $__________
B.
Amount by which payout by Registrant’s/Series’ principal underwriter or by
any underwriter which is an affiliated person of the principal underwriter thereof to
persons or entities selling Registrant’s/Series’ shares exceeded that
reported in Item 30 ($000’s omitted) ____________________________________________________ $__________
32.
Amount Registrant’s/Series’ principal underwriter and any underwriters or dealers
which are affiliated persons of the principal underwriter paid to dealers which are not affiliated
persons of the principal underwriter for selling Registrant’s/Series’ shares that were sold with a
front-end sales load during current period ($000’s omitted) ______________________________________ $__________
33.
Amount paid to a captive retail sales force of Registrant’s/Series principal underwriter
or of any underwriter or dealer which is an affiliated person of the principal underwriter
for selling Registrant’s shares that were sold with a front-end sales load during
current period ($000’s omitted) _____________________________________________________________ $__________
15
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
34.
If filing more than one
Page 16,“X” box:
Did Registrant/Series impose a deferred or contingent deferred sales load
during the reporting period? (Y/N) ________________________________________________________ ________
[If answer is “N” (No), go to item 37.]
Y/N
35.
Total deferred or contingent deferred sales loads collected during current period from redemptions and
repurchases of Registrant/Series shares ($000’s omitted) ________________________________________ $__________
36.
A.
Did Registrant/Series retain all monies collected from the deferred or contingent
deferred sales load? _________________________________________________________________ ________
Y/N
B.
If answer to sub-item 36A is “N” (No), state the net amount Registrant/Series retained from
deferred or contingent deferred sales loads ($000’s omitted) ________________________________ $__________
SCREEN NUMBER: 20
37.
38.
Did Registrant/Series impose a redemption fee other than a deferred or contingent sales
load during the reporting period? (Y/N) ___________________________________________________ _______
[If answer is “N” (No), go to item 39.]
Y/N
Total amount of redemption fees other than deferred or contingent deferred sales loads collected
from redemptions and repurchases of Registrant’s/Series’ shares during the current period
($000’s omitted) ___________________________________________________________________________ $__________
39.
Were any account maintenance fees or other administrative fees imposed directly on shareholders
during the current period? (Y/N)____________________________________________________________ _______
Y/N
40.
During the period, did the Registrant/Series have a plan of distribution adopted
pursuant to Rule 12b-1? (Y/N)_____________________________________________________________ _______
[If answer is “N” (No), go to item 45.]
Y/N
41.
During the period, did Registrant/Series use its assets directly to make payments under
the 12b-1 plan? (Y/N)____________________________________________________________________ _______
[If answer is “N” (No), go to item 44.]
Y/N
16
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 17,“X” box:
42.
For the current period, indicate the percentage of total dollars paid directly by the Registrant/Series under the
l2b-1 plan for each of the following:
NOTE: Round to nearest whole percent.
A.
Advertising _______________________________________________________________________ ___________%
B.
Printing and mailing of prospectuses to other than current shareholders _____________________ ___________%
C.
Payments to underwriters ____________________________________________________________ ___________%
D.
Payments to brokers or dealers________________________________________________________ ___________%
E.
Direct payments to sales personnel ____________________________________________________ ___________%
F.
Payments to banks and savings and loans_______________________________________________ ___________%
G.
Other uses, incl. payments to the investment adviser separate from the advisory fee____________ ___________%
H.
Unallocated payments made for a combination of such services____________________________ ___________%
43.
Total amount paid directly by Registrant/Series pursuant to its 12b-1 plan ($000’s omitted)____________$___________
44.
If an investment adviser or other affiliated person of Registrant/Series made unreimbursed
payments pursuant to Registrant’s/Series’ 12b-1 plan, state the total amount of such
payments ($000’s omitted) _________________________________________________________________ $___________
17
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 18,“X” box:
CONTRACTS
45.
Did Registrant/Series have an advisory contract during the period? (Y/N)______________________ _______
(If answer is “N” (No), go to item 55.]
Y/N
46.
Did Registrant/Series pay more than one investment adviser directly for investment
advice during the period? (Y/N) _________________________________________________________ _______
(If answer is “Y” (Yes), answer items 47-52 in the aggregate for all such investment advisers.]
Y/N
47.
Was Registrant’s/Series’ advisory fee based solely on a percentage of its assets? (Y/N)_________ _______
Y/N
48.
If answer to 47 is “Y” (Yes), fill in the table or the single fee rate based on the
advisory contract: SINGLE FEE RATE________________________________________________ __________%*
STEP:
ASSET VALUE
($000’s omitted)
ANNUAL FEE RATE*
A. first —
$________
________%
B. of next —
$________
________%
C. of next —
$________
________%
D. of next —
$________
________%
E. of next —
$________
________%
F. of next —
$________
________%
G. of next —
$________
________%
H. of next —
$________
________%
I.
of next —
$________
________%
J.
of next —
$________
________%
$________
________%
K. maximum —
*Fields must be of the format n.nnn (where n = integer).
18
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 19,“X” box:
ADVISORY FEE
49.
Was Registrant’s/Series’ advisory fee during the period based solely on a percentage
of its income? (Y/N) ____________________________________________________________________ _ _______
Y/N
50.
Was Registrant’s/Series’ advisory fee during the period based on some combined percentage
of its income and assets? (Y/N) ___________________________________________________________ _______
Y/N
51.
Was Registrant’s/Series’ advisory fee during the period based in whole or in part on its
investment performance? (Y/N) ____________________________________________________________ _______
Y/N
52.
Was Registrant’s/Series’ advisory fee during the period based in whole or in part upon the
assets, income or performance of other registrants? (Y/N) ______________________________________ _______
Y/N
53.
A.
Were the expenses of the Registrant/Series limited or reduced at any time during the
period by some agreement or understanding other than by blue sky laws? (Y/N)_____________ _______
Y/N
If 53A is “Y” (Yes), was limitation that applied during current period based upon:
B.
C.
19
Assets?
_______
Y/N
Income? _______
Y/N
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 20,“X” box:
54.
Indicate below whether services were supplied or paid for wholly or in substantial part by investment
adviser(s) or administrator(s) in connection with the advisory or administrative contract(s) but for which the
adviser(s) or administrator(s) are not reimbursed by the Registrant:
A.
Y/N
Occupancy and office rental______________________________________________________________ _______
B.
Clerical and bookkeeping services________________________________________________________ _______
C.
Accounting services_____________ _______________________________________________________ _______
D.
Services of independent auditors _________________________________________________________ _______
E.
Services of outside counsel_______________________________________________________________ _______
F.
Registration and filing fees_______________________________________________________________ _______
G.
Stationery, supplies and printing _________________________________________________________ _______
H.
Salaries & compensation of Registrant’s interested directors________________________________ _______
I.
Salaries & compensation of Registrant’s disinterested directors______________________________ _______
J.
Salaries & compensation of Registrant’s officers who are not directors ______________________ _______
K.
Reports to current shareholders___________________________________________________________ _______
L.
Determination of offering and redemption prices __________________________________________ _______
M.
Trading department_____________________________________________________________________ _______
N.
Prospectus preparation and printing for current shareholders __________________________________ ________
O.
Other _______________________________________________________________________________ ________
20
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 21,“X” box:
55.
Did Registrant/Series have any of the following outstanding at any time during the current period which exceeded
1% of aggregate net assets?
Y/N
A.
Overdrafts ____________________________________________________________________________ ________
B.
Bank loans____________________________________________________________________________ ________
56.
During the period, did the Registrant’s/Series’ investment adviser(s) have advisory clients
other than investment companies?____________________________________________________________ ________
57.
Did the Registrant/Series adjust the number of its shares outstanding by means of a stock split
or stock dividend? _________________________________________________________________________ ________
SCREEN NUMBER: 26
58.
A.
B.
Variable annuity contracts? (Y/N) _________________________________________________________ _________
C.
Scheduled premium variable life contracts? (Y/N) __________________________________________ _________
D.
Flexible premium variable life contracts? (Y/N)_____________________________________________ _________
E.
Other types of insurance products registered under the Securities Act of 1933? (Y/N)___________ _________
59.
60.
Is Registrant/Series a management investment company? (Y/N)__________________________________ ________
Y/N
A.
B.
61.
CLASSIFICATION
Is Registrant/Series a separate account of an insurance company? (Y/N) _____________________ _________
Y/N
If answer is “Y” (Yes), are any of the following types of contracts funded by the Registrant:
Was Registrant/Series a diversified investment company at any time during the
period? (Y/N)__________________________________________________________________________ ________
Y/N
Is Registrant/Series a diversified investment company as of the end of the
reporting period?_______________________________________________________________________ ________
Y/N
What is the lowest minimum initial investment required by Registrant/Series from an investor
that is not an employee or otherwise affiliated with the Registrant/Series, its adviser,
principal underwriter or other affiliated entity?_____________________________________________ $__________
21
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 22,“X” box:
62.
A.
Does Registrants/Series invest primarily in debt securities, including convertible debt securities,
options and futures on debt securities or indices of debt securities? (Y/N) ______________________ _________
[If answer is “N” (No), go to item 66.]
Y/N
If answer is “Y” (Yes), state the percentage of net assets in each type at the end of the current period:
Short-Term Maturities*
B.
U.S. Treasury ________________________________________________________________________
_______%
C.
U.S. Government Agency _________________________________________________________________ _______%
D.
Repurchase agreements ___________________________________________________________________ _______%
E.
State and municipal tax-free _______________________________________________________________ _______%
F.
Bank Certificates of deposit—domestic ______________________________________________________ _______%
G.
Bank Certificates of deposit—foreign _______________________________________________________ _______%
H.
Bankers acceptances ______________________________________________________________________ _______%
I.
Commercial paper taxable _________________________________________________________________ _______%
J.
Time deposits ___________________________________________________________________________ _______%
K.
Options _________________________________________________________________________________ _______%
L.
All other ________________________________________________________________________________ _______%
Intermediate & Long-Term Maturities*
M.
U.S. Treasury ____________________________________________________________________________ _______%
N.
U.S. Government Agency _________________________________________________________________ _______%
O.
State and Municipal tax-free _______________________________________________________________ _______%
P.
Corporate _______________________________________________________________________________ _______%
Q.
All other ________________________________________________________________________________ _______%
R.
Investments other than debt securities _______________________________________________________ _______%
*Percentages must be in the form nnn.n (where n = integer).
22
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 23,“X” box:
63.
State the dollar weighted average portfolio maturity at the end of the period covered by this report
in days or, if longer than 1 yr., in years to one decimal place:
A. _______ days
B. _______ years*
64.
65.
A.
Is the timely payment of principal and interest on any of the instruments listed in
item 62 insured or guaranteed by an entity other than the issuer? (Y/N) ______________________ _______
[If answer is “N” (No), go to item 66.]
Y/N
B.
Is the issuer of any instrument covered in item 62 delinquent or in default as to payment of
principal or interest at the end of the current period? (Y/N) _________________________________ _______
[If answer is “N” (No), go to item 66.]
Y/N
In computations of NAV per share, is any part of the value attributed to instruments identified
in sub-item 64B derived from insurance or guarantees? (Y/N)___________________________________ _______
Y/N
*Must be of the format nn.n (where n = integer).
23
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 24,“X” box:
66.
A.
Is the Registrant/Series a fund that usually invests in equity securities, options and futures
on equity securities, indices of equity securities or securities convertible into
equity securities? (Y/N) _____________________________________________________________________ _______
Y/N
[If answer is “N” (No), go to item 67. Otherwise, place a “Y” on the line below which best
describes its primary investment objective (place an “N” on other lines):]
B.
Y/N
Aggressive capital appreciation __________________________________________________________ _______
C.
Capital appreciation ____________________________________________________________________ _______
D.
Growth_______________________________________________________________________________ _______
E.
Growth and income_____________________________________________________________________ _______
F.
Income _______________________________________________________________________________ _______
G.
Total return ___________________________________________________________________________ _______
67.
68.
69.
Is the Registrant/Series a balanced fund? (Y/N) _______________________________________________ _______
Y/N
Does the Registrant/Series have more than 50% of its net assets at the end of the current period invested in:
A.
The securities of issuers engaged primarily in the production or distribution of
precious metals? (Y/N)__________________________________________________________________ _______
Y/N
B.
The securities of issuers located primarily in countries other than the
United States? (Y/N) ____________________________________________________________________ _______
Y/N
Is the Registrant/Series an index fund? (Y/N) ___________________________________________________ _______
Y/N
24
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 25,“X” box:
70.
Investment practices.
Answer “Y” (Yes) or “N” (No) to the following:
Permitted by
Investment
Policies?
Y/N
Activity
If permitted by investment
policies, engaged in
during the
reporting period?
Y/N
A. Writing or investing in repurchase agreements _____________ ________
________
B. Writing or investing in options on equities ________________ ________
________
C. Writing or investing in options on debt securities __________ ________
________
D. Writing or investing in options on stock indices ____________ ________
________
E. Writing or investing in interest rate futures ________________ ________
________
F. Writing or investing in stock index futures ________________ ________
________
G. Writing or investing in options on futures _________________ ________
________
H. Writing or investing in options on stock index futures ______ ________
________
I. Writing or investing in other commodity futures ____________ ________
________
J. Investments in restricted securities ________________________ ________
________
K. Investments in shares of other investment companies________ ________
________
L. Investments in securities of foreign issuers _________________ ________
________
M. Currency exchange transactions __________________________ ________
________
N. Loaning portfolio securities ______________________________ ________
________
O. Borrowing of money ___________________________________
________
________
P. Purchases/sales by certain exempted affiliated persons ________ ________
________
Q. Margin purchases ______________________________________ _________
________
R. Short selling __________________________________________
________
25
________
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 26,“X” box:
71.
Portfolio turnover rate for the current reporting period:
A.
Purchases ($000’s omitted) ____________________________________________________________ $____________
B.
Sales [including all maturities] ($000’s omitted) _______________________________________ $____________
C.
Monthly average value of portfolio ($000’s omitted) ______________________________________ $ _____________
D.
Percent turnover (Use the lesser of 71A or 71B divided by 71C)_____________________________ ____________%
NOTE:
71D should be a whole number; round if necessary.
FINANCIAL INFORMATION
72.
A.
How many months do the answers to items 72 and 73 cover? ________________________
__________ Months
For period covered by this form
($000’s omitted)
INCOME
B.
Net interest income __________________________________________________________________ $ ____________
C.
Net dividend income __________________________________________________________________ $ ____________
D.
Account maintenance fees _____________________________________________________________ $ ____________
E.
Net other income ______________________________________________________________________ $ ____________
EXPENSES
F.
Gross advisory fees ___________________________________________________________________ $ ____________
G.
Gross administrator(s) fees ____________________________________________________________ $ ____________
H.
Salaries and other compensation (negative answer allowed)_________________________________ $ ____________
26
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 27,“X” box:
FINANCIAL INFORMATION (Cont.)
For period covered by this form
($000’s omitted)
I.
Expenses (negative answers allowed)
Shareholder servicing agent fees _______________________________________________________ $ ____________
J.
Custodian fees _______________________________________________________________________ $ ____________
K.
Postage ____________________________________________________________________________ $ ____________
L.
Printing expenses _____________________________________________________________________$ ____________
M.
Directors’ fees _______________________________________________________________________ $ ____________
N.
Registration fees _____________________________________________________________________ $ ____________
O.
Taxes ______________________________________________________________________________ $ ____________
P.
Interest ________________________________________________________________________ ____ $ ____________
Q.
Bookkeeping fees paid to anyone performing this service ___________________________________ $ ____________
R.
Auditing fees ____________________________________________________________________ ____ $ ____________
S.
Legal fees __________________________________________________________________________ $ ____________
T.
Marketing/distribution payments including payments
pursuant to a Rule l2b-l plan___________________________________________________________ $ ____________
U.
Amortization of organization expenses__________________________________________________ $ ____________
V.
Shareholder meeting expenses _________________________________________________________ $ ____________
W.
Other expenses ______________________________________________________________________ $ ____________
X.
Total expenses _______________________________________________________________________ $ ____________
27
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 28,“X” box:
FINANCIAL INFORMATION (Cont.)
For period covered by this form
($000’s omitted)
EXPENSES (Negative answers are allowed on this screen for 72Z only)
Y.
Expense reimbursements_________________________________________________________ $ ____________
Z.
Net investment income___________________________________________________________ $ ____________*
AA. Realized capital gains____________________________________________________________ $ ____________
BB.
Realized capital losses___________________________________________________________ $ ____________
CC.
1.
Net unrealized appreciation during the period_________________________________ $ ____________
2.
Net unrealized depreciation during the period_________________________________ $ ____________
DD. 1.
Total income dividends for which record date passed during the period___________ $ ____________
2.
Dividends for a second class of open-end company shares ______________________ $ ____________
EE.
73.
Total capital gains distribution for which record date passed during the period__________ $ ___________
Payments per share outstanding during the entire current period:
A.
1.
Dividends from net investment income _______________________________________ $ ____________**
2.
Dividends for a second class of open-end company shares ______________________ $ ____________**
NOTE: Show in fractions of a cent if so declared.
B.
Distributions of capital gains_____________________________________________________ $ ____________**
C.
Other distributions _____________________________________________________________ $ ____________
*
**
Negative answer permitted in this field.
Items 73A and 73B should be of the form nnn.nnnn (where n = integer).
28
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 29,“X” box:
74.
As of the end of current reporting
period ($000’s omitted except
for per share amounts)
Condensed balance sheet data
A.
Cash ___________________________________________________________________________ $ ___________
B.
Repurchase agreements ____________________________________________________________ $ ___________
C.
Short-term debt securities other than repurchase agreements____________________________ $ ___________
D.
Long-term debt securities including convertible debt __________________________________ $ ___________
E.
Preferred, convertible preferred and adjustable rate preferred stock______________________ $ ___________
F.
Common stock ___________________________________________________________________ $ ___________
G.
Options on equities _______________________________________________________________ $ ___________
H.
Options on all futures _____________________________________________________________ $ ___________
I.
Other investments_________________________________________________________________ $ ___________
J.
Receivables from portfolio instruments sold__________________________________________ $ ___________
K.
Receivables from affiliated persons_________________________________________________ $ ___________
L.
Other receivables ________________________________________________________________ $ ___________
M.
All other assets __________________________________________________________________ $ ___________
N.
Total assets _____________________________________________________________________ $ ____________
29
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 30,“X” box:
As of the end of current reporting
period (000’s omitted except for per
per share amounts and number of accounts)
Condensed balance sheet data (Cont.)
O.
Payables for portfolio instruments purchased_________________________________________ $ ___________
P.
Amounts owed to affiliated persons_________________________________________________ $ ___________
Q.
Senior long-term debt _____________________________________________________________ $ ___________
R.
Other liabilities___________________________________________________________________ $ ___________
l.
Reverse repurchase agreements________________________________________________ $ ___________
2.
Short sales _________________________________________________________________ $ ___________
3.
Written options _______________ ______________________________________________ $ ___________
4.
All other liabilities __________________________________________________________ $ ___________
S.
Senior equity ____________________________________________________________________ $ ___________
T.
Net assets of common shareholders _________________________________________________ $ ___________
U.
1.
Number of shares outstanding ________________________________________________ $ ___________
2.
Number of shares outstanding of a second class of open-end company shares_______$ ___________
1.
Net asset value per share (to nearest cent) ______________________________________ $ ___________*
2.
Net asset value per share of a second class of open-end company shares
(to nearest cent) ____________________________________________________________ $ ___________*
V.
W.
Mark-to-market net asset value per share for money market funds only (to four decimals)
X.
Total number of shareholder accounts _______________________________________________ $ ___________
Y.
Total value of assets in segregated accounts _________________________________________ $ ___________
*Negative answer permitted in this field.
**Value must be of the form nnn.nnnn (where n = integer).
30
$ ___________**
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 31,“X” box:
75.
76.
Average net assets during the current reporting period ($000’s omitted). Answer only one:
A.
Daily average (for money market funds)_____________________________________________ $ _____________
B.
Monthly average (for all other funds) _______________________________________________ $ _____________
Market price per share at end of period (closed-end funds only)____________________________ $ _____________*
* Price per share should be of the form nnnnn.nn (where n = integer).
31
If filing more than one
Page 32,“X” box:
For period ending _________________
File number 811- __________________
77.
A.
Is the Registrant filing any of the following attachments with the current filing of Form
N-SAR? (ANSWER FOR ALL SERIES AS A GROUP)_____________________________________ _________
Y/N
NOTE: If answer is “Y” (Yes), mark those items below being filed as an attachment to this form or incorporated by
reference.
_________
Y/N
B.
Accountant’s report on internal control ________________________________________________ ____________
C.
Matters submitted to a vote of security holders___________________________________________ ____________
D.
Policies with respect to security investments ______________________________________________ ____________
E.
Legal proceedings ____________________________________________________________________ ____________
F.
Changes in security for debt ___________________________________________________________ ____________
G.
Defaults and arrears on senior securities _______________________________________________ ____________
H.
Changes in control of Registrant _______________________________________________________ ____________
I.
Terms of new or amended securities ____________________________________________________ ____________
J.
Revaluation of assets or restatement of capital share account ______________________________ ____________
K.
Changes in Registrant’s certifying accountant ___________________________________________ ____________
L.
Changes in accounting principles and practices___________________________________________ ____________
M.
Mergers _____________________________________________________________________________ ____________
N.
Actions required to be reported pursuant to Rule 2a-7 _____________________________________ ____________
O.
Transactions effected pursuant to Rule l0f-3 ______________________________________________ ____________
P.
Information required to be filed pursuant to existing exemptive orders _______________________ ____________
Attachment Information (Cont. on Screen 39)
32
If filing more than one
Page 33,“X” box:
For period ending _________________
File number 811- __________________
Attachment Information (Cont. from Screen 38)
77.
78.
Q.
1.
Exhibits _______________________________________________________________________ ____________
Y/N
2.
Any information called for by instructions to sub-item 77Q2 ________________________ ____________
Y/N
3.
Any information called for by instructions to sub-item 77Q3 _________________________ ____________
Y/N
Does the Registrant have any wholly-owned investment company subsidiaries whose operating &
financial data are consolidated with that of Registrant in this report? (Y/N)__________________ ____________
[If answer is “N” (No), go to item 80]
Y/N
SCREEN NUMBER: 39
79.
List the “811” numbers and names of Registrant’s wholly-owned investment company subsidiaries
consolidated in this report.
811 Number
Subsidiary Name
33
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 34,“X” box:
ANNUAL SUPPLEMENT
Screens 40 & 41 are to be filed only once each year at the end of the Registrant’s/Series’ fiscal year.
80.
81.
Fidelity bond(s) in effect at the end of the period:
A.
Insurer Name:
B.
Second Insurer:
C.
Aggregate face amount of coverage for Registrant/Series on all bonds on which
it is named as an insured ($000’s omitted): _________________________________________ $___________
A.
Is the bond part of a joint fidelity bond(s) shared with other investment companies
or other entities? (Y/N) ___________________________________________________________
_________
Y/N
B.
If the answer to 81A is “Y” (Yes), how many other investment companies or other
entities are covered by the bond?
NOTE: Count each series as a separate investment company. ____________________________________________ _________
82.
A.
Does the mandatory coverage of the fidelity bond have a deductible? (Y/N) ________________ _________
Y/N
B.
If the answer to 82A is “Y” (Yes), what is the amount of the deductible? ($000’s omitted)
34
$ ___________
Series Information Block
This page being filed for
All Series:
Series No.:
For period ending _________________
File number 811- __________________
If filing more than one
Page 35,“X” box:
83.
84.
85.
A.
Were any claims with respect to this Registrant/Series filed under the bond
during the period? (Y/N) _________________________________________________________ __________
Y/N
B.
If the answer to 83A is “Y” (Yes), what was the total amount of such claim(s)?
($000’s omitted) ______________________________________________________________ $ __________
A.
Were any losses incurred with respect to this Registrant/Series that could have been filed
as a claim under the fidelity bond but were not? (Y/N) ______________________________
_________
Y/N
B.
If the answer to sub-item 84A is “Y” (Yes), what was the total amount of such
losses? ($000’s omitted)________________________________________________________$ ___________
A.
Are Registrant’s/Series’ officers and directors covered as officers and directors of
Registrant/Series under any errors and omissions insurance policy owned by the
Registrant/Series or anyone else? (Y/N) _________________________________________ ___________
Y/N
B.
Were any claims filed under such policy during the period with respect to Registrant/
Series (Y/N) _________________________________________________________________ ____________
Y/N
35
If filing more than one
Page 36,“X” box:
For period ending _________________
File number 811- __________________
CLOSED-END INVESTMENT COMPANIES
86.
Sales, repurchases, and redemptions of Registrant’s securities:
Number of Shares or
Principal
Amount of Debt
Class
($000’s omitted)
Common Stock:
A.
Sales
_________
B.
Repurchases
Net Consideration
Received or Paid
($000’s omitted)
$________
_________
$________
Preferred Stock:
C.
Sales
_________
$________
D.
_________
$________
Debt Securities:
E.
Sales
_________
$________
F.
_________
$________
Repurchases and redemptions
Repurchases and redemptions
SCREEN NUMBER 43:
87.
Securities of Registrant registered on a national securities exchange or listed on NASDAQ:
Title of each class of securities
88.
CUSIP or
NASDAQ No.
Ticker
Symbol
A.
__________________________________________
___________
_____
B.
__________________________________________
___________
_____
C.
__________________________________________
___________
_____
Did Registrant have any of the following outstanding which exceeded 1% of aggregate net assets at
any time during the period?
Y/N
A.
Notes or bonds ________________________________________________________________________ _________
B.
Uncovered options_____________________________________________________________________ _________
C.
Margin loans __________________________________________________________________________ _________
D.
Preferred stock _________________________________________________________________________ _________
36
If filing more than one
Page 37,“X” box:
For period ending _________________
File number 811- __________________
SMALL BUSINESS INVESTMENT COMPANIES
INVESTMENT ADVISER
89. A.
Adviser Name (If any):__________________________________________________________________________
B.
File Number: 801- _______________
C.
City: __________________________ State: ________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country: _________________________________ Foreign Postal Code: ________________________
89.
A.
Adviser Name (If any):__________________________________________________________________________
B.
File Number: 801- _________________
C.
City: ___________________________ State: _________________ Zip Code: ________ Zip Ext.: _____________
Foreign Country: __________________________________ Foreign Postal Code: _________________________
TRANSFER AGENT
90. A.
Transfer Agent Name (If any):____________________________________________________________________
B.
File Number: ____________ - _____________
C.
City: ___________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
90.
A.
Transfer Agent Name (If any):____________________________________________________________________
B.
File Number: ____________ - _____________
C.
City: ___________________________ State: _________________ Zip Code: ________ Zip Ext.: _____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
INDEPENDENT PUBLIC ACCOUNTANT
91. A.
Accountant Name: _____________________________________________________________________________
91.
B.
City: ___________________________ State: _________________ Zip Code: ________ Zip Ext.: _____________
C.
Foreign Country:__________________________________ Foreign Postal Code: _________________________
A.
Accountant Name:_____________________________________________________________________________
B.
City: ___________________________ State: _________________ Zip Code: ________ Zip Ext.: _____________
C.
Foreign Country:__________________________________ Foreign Postal Code: _________________________
37
If filing more than one
Page 38,“X” box:
For period ending _________________
File number 811- __________________
CUSTODIAN
92.
A.
Custodian: __________________________________________________________________________________
B.
City: _______________________ State: _______________ Zip Code: __________Zip Ext: ______________
C.
Foreign Country:_____________________________
D.
Mark one of the following with an “X”:
Bank
Sec.17(f)(l)
Member Nat’l
Sec. Exchg.
Rule l7f-l
Foreign Postal Code:_________________________
TYPE OF CUSTODY
Foreign
Self
Custodian
Rule l7f-2
Rule I7f-5
Insurance Co.
Sponsor
Rule 26a-2
Other
NOTE: If self-custody, give name of safekeeping depository and location of assets in sub-items 92A and 92B.
E.
Does Registrant’s custodian maintain some or all of registrant’s securities in a central
depository or book-entry system pursuant to Rule l7f-4? (Y/N) _________________________ _________
Y/N
93.
Does Registrant’s adviser(s) have advisory clients other than investment companies? (Y/N)_______ _________
Y/N
94.
Family of investment companies information:
A.
Is Registrant part of a family of investment companies? (Y/N) __________________________ _________
Y/N
B.
If “Y” (Yes) state the number of registered management investment companies in the family: _____ _________
(NOTE: count as a separate company each series of a series company and each portfolio of
a multiple portfolio company; exclude all series of unit investment trusts from this number.)
C.
Identify the family using 10 letters: ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
(NOTE: In filing this form, use this identification consistently for all investment companies in the
family including any unit investment trusts. This designation is for purposes of this form
only.)
D.
Is Registrant a wholly-owned subsidiary of a business development company
(“BDC”)? (Y/N) ___________________________________________________________________ _________
Y/N
E.
If “Y” (Yes), identify the BDC as follows:
BDC name:
File Number: 2- or 33
38
If filing more than one
Page 39,“X” box:
For period ending _________________
File number 811- __________________
95.
Sales, repurchases, and redemptions of Registrant’s securities during the period:
Number of Shares
or Principal
Amount of Debt
($000’s omitted)
Class of Security
96.
Net
Consideration
Received or Paid
($000’s omitted)
Common Stock:
A.
Sales
__________
$__________
B.
__________
$__________
Preferred Stock:
C.
Sales
__________
$__________
D.
__________
$ __________
Debt Securities:
E.
Sales
$_________
$__________
F.
$_________
$__________
Repurchases
Repurchases and redemptions
Repurchases and redemptions
Securities of Registrant registered on a National Securities Exchange or listed on NASDAQ:
Title of each class of securities
CUSIP or
NASDAQ No.
Ticker
Symbol
A.
______________________________________
___________
_____
B.
______________________________________
___________
_____
C.
______________________________________
___________
_____
39
If filing more than one
Page 40,“X” box:
For period ending _________________
File number 811- __________________
FINANCIAL INFORMATION
97.
A.
How many months do the answers to items 97 and 98
cover?_______________________________________________________________________ ________ Months
For period covered by this form
($000’s omitted)
INCOME
B.
Net interest income___________________________________________________________________ $_________
C.
Net dividend income__________________________________________________________________ $_________
D.
Account maintenance fees _____________________________________________________________ $_________
E.
Net other income_____________________________________________________________________ $_________
EXPENSES
F.
Gross advisory fees __________________________________________________________________ $_________
G.
Gross administrator(s) fees ____________________________________________________________ $_________
(Negative answers allowed for 97H through 97S)
H.
Salaries and other compensation________________________________________________________ $_________
I.
Shareholder servicing agent fees_______________________________________________________ $_________
J.
Custodian fees_______________________________________________________________________ $_________
K.
Postage_____________________________________________________________________________ $_________
L.
Printing expenses_____________________________________________________________________ $_________
M.
Directors’ fees_______________________________________________________________________ $_________
N.
Registration fees_____________________________________________________________________ $_________
O.
Taxes_______________________________________________________________________________ $_________
P.
Interest_____________________________________________________________________________ $_________
Q.
Bookkeeping fees paid to anyone performing this service__________________________________ $_________
R.
Auditing fees________________________________________________________________________ $_________
S.
Legal fees___________________________________________________________________________ $_________
40
If filing more than one
Page 41,“X” box:
For period ending _________________
File number 811- __________________
Expenses (Negative answers allowed on this screen for
97T through 97W and 97Z only)
For period covered by this form
($000’s omitted)
T.
Marketing/distribution payments including payments pursuant to a
Rule l2b-l plan_______________________________________________________________________ $________
U.
Amortization of organization expenses __________________________________________________ $________
V.
Shareholder meeting expenses __________________________________________________________ $________
W.
Other expenses _______________________________________________________________________ $________
X.
Total expenses _______________________________________________________________________ $________
Y.
Expense reimbursements ______________________________________________________________ $________
Z.
Net investment income ________________________________________________________________ $________*
AA. Realized capital gains _________________________________________________________________ $________
BB.
Realized capital losses ________________________________________________________________ $________
CC. 1. Net unrealized appreciation during the period _________________________________________ $________
2. Net unrealized depreciation during the period _________________________________________ $________
DD. Total income dividends for which record date passed during the period _____________________ $________
EE.
98.
Total capital gains distributions for which record date passed during the period______________ $________
Payments per share outstanding during the entire current period:
A.
Dividends from net investment income _________________________________________________ $_______**
NOTE: Show in fractions of a cent if so declared.
B.
Distributions of capital gains___________________________________________________________ $_______**
C.
Other distributions ____________________________________________________________________ $________
NOTE: Show in fractions of a cent if so declared.
*Negative answer permitted in this field.
**Items 98A and 98B should be of the form mn.nnnn (where n = integer).
41
If filing more than one
Page 42,“X” box:
For period ending _________________
File number 811- __________________
99.
As of the end of
current reporting
period (000’s
omitted)
Assets, liabilities, shareholders’ equity:
A.
Cash____________________________________ ________________________________________ $__________
B.
Repurchase agreements ____________________________________________________________ $__________
C.
Short-term debt securities other than repurchase agreements____________________________ $__________
D.
Long-term debt securities including convertible debt _________________________________ $__________
E.
Preferred, convertible preferred and adjustable rate preferred stock _____________________ $__________
F.
Common stock ___________________________________________________________________ $__________
G.
Options on equities _______________________________________________________________ $__________
H.
Options on all futures _________________________________________ ____________________ $__________
I.
Other investments_________________________________________________________________ $__________
J.
Receivables from portfolio instruments sold _________________________________________ $__________
K.
Receivables from affiliated persons _________________________________________________ $__________
L.
Other receivables _________________________________________________________________ $__________
M.
All other assets ___________________________________________________________________$__________
N.
Total assets ______________________________________________________________________ $__________
42
If filing more than one
Page 43,“X” box:
For period ending _________________
File number 811- __________________
As of the end of
current reporting
period (000’s
omitted except for
per share
amounts and
number of
accounts)
O.
Payables for portfolio instruments purchased _________________________________________ $__________
P.
Amounts owned to affiliated persons________________________________________________ $__________
Q.
Senior long-term debt _____________________________________________________________ $__________
R.
All other liabilities _______________________________________________________________ $__________
S.
Senior equity ____________________________________________________________________ $__________
T.
Net assets of common shareholders__________________________________________________ $__________
U.
Number of shares outstanding ______________________________________________________ $__________
V.
Net asset value per share (to nearest cent)____________________________________________ $__________*
W.
Mark-to-market net asset value per share for money market
funds only (to 4 decimals)_________________________________________________________ $__________**
X.
Total number of shareholder accounts_______________________________________________
Y.
Total value of assets in segregated accounts _____________________________________________ $__________
_________
100. Monthly average net assets during current reporting period ($000’s omitted)___________________ $__________
101. Market price per share at end of period____________________________________________________ $__________
*Net asset value per share must be of the form nnn.nn (where n =integer).
**Value must be of the form nnn.nnnn (where n = integer).
43
If filing more than one
Page 44,“X” box:
For period ending _________________
File number 811- __________________
102. A.
Is the Registrant filing any of the following attachments with the current filing of
Form N-SAR? _____________________________________________________________________
NOTE: If answer is “Y” (Yes), mark those items below being filed as an attachment to this form ___
or incorporated by reference.
_________
Y/N
_________
Y/N
B.
Matters submitted to a vote of security holders__________________________________________ _________
C.
Policies with respect to security investments____________________________________________ _________
D.
Legal proceedings___________________________________________________________________
_________
E.
Changes in security for debt__________________________________________________________
_________
F.
Defaults and arrears on senior securities________________________________________________ _________
G.
Changes in control of Registrant______________________________________________________
_________
H.
Terms of new or amended securities___________________________________________________
_________
I.
Revaluation of assets or restatement of capital share account _____________________________
_________
J.
Changes in Registrant’s certifying accountant___________________________________________
_________
K.
Changes in accounting principles and practices_________________________________________
_________
L.
Mergers __________________________________________________________________________
_________
M.
Actions required to be reported pursuant to Rule 2a-7___________________________________
_________
N.
Transactions effected pursuant to Rule 10f-3 __________________________________________
_________
O.
Information required to be filed pursuant to existing exemptive orders____________________
_________
Attachment Information (Cont. on Screen 53)
44
If filing more than one
Page 45,“X” box:
For period ending _________________
File number 811- __________________
Attachment Information (Cont. from Screen 52)
102. P.
1. Exhibits _________________________________________________________________________
________
Y/N
2. Any information called for by instructions to sub-item 102 P2___________________________ ________
Y/N
3. Any information called for by instructions to sub-item 102 P3___________________________ ________
Y/N
103.
Does the Registrant have any wholly-owned investment company subsidiaries whose operating
& financial data are consolidated with that of Registrant in this report? (Y/N) ________________ ________
Y/N
[If answer is “N” (No), go to item 105]
104.
List the “811” numbers and names of Registrant’s wholly-owned investment company
subsidiaries consolidated in this report.
811 Numbers
Subsidiary Name
45
If filing more than one
Page 46,“X” box:
For period ending _________________
File number 811- __________________
ANNUAL SUPPLEMENT
Page 53 is to be filed only once each year at the end of Registrant’s fiscal year.
105. Fidelity bond(s) in effect at the end of the period:
A.
Insurer Name:
B.
Second Insurer:
C.
Aggregate face amount of coverage for Registrant on all bonds on which
it is named as an insured ($000’s omitted) __________________________________________ $_________
106. A.
Is the bond part of a joint fidelity bond(s) shared with other investment companies
or other entities? ________________________________________________________________ __________
Y/N
B.
If the answer to 106A is “Y” (Yes), how many other investment companies or other entities
are covered by the bond? _________________________________________________________ __________
NOTE: Count each series as a separate investment company.
107. A.
Does the mandatory coverage of the fidelity bond have a deductible? ___________________ __________
Y/N
B.
If the answer to 107A is ‘‘Y” (Yes), what is the amount of the deductible?______________
$_________
108. A.
Were any claims with respect to this Registrant filed under the bond during the period?________ __________
Y/N
B.
If the answer to 108A is “Y” (Yes), what was the total amount of such claim(s)? _________ __________
109. A.
Were any losses incurred with respect to this Registrant that could have been filed as a claim
under the fidelity bond but were not?_______________________________________________ _________
Y/N
B.
If the answer to sub-item 109A is “Y” (Yes), what was the total amount of
such losses? ($000’s omitted) ____________________________________________________
$_________
110. A.
Are Registrant’s officers and directors covered as officers and directors of Registrant under
any errors and omissions insurance policy owned by the Registrant or anyone else?_______ _________
Y/N
B.
Were any claims filed under such policy during the period with respect to Registrant?_____ _________
Y/N
46
If filing more than one
Page 47,“X” box:
For period ending _________________
File number 811- __________________
UNIT INVESTMENT TRUSTS
111. A.
Depositor Name:_____________________________________________________________________________
B.
File Number (If any): __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ________
Foreign Country:__________________________________ Foreign Postal Code: _____________________
111. A.
Depositor Name:_____________________________________________________________________________
B.
File Number (If any): __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ________
Foreign Country:__________________________________ Foreign Postal Code: _____________________
112. A.
Sponsor Name: ______________________________________________________________________________
B.
File Number (If any): __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ________
Foreign Country:___________________________________ Foreign Postal Code: _____________________
112. A.
Sponsor Name: ______________________________________________________________________________
B.
File Number (If any): __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ________
Foreign Country:___________________________________ Foreign Postal Code: _____________________
47
If filing more than one
Page 48,“X” box:
For period ending _________________
File number 811- __________________
113. A.
Trustee Name:_________________________________________________________________________________
B.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
113. A.
Trustee Name:_________________________________________________________________________________
B.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
114. A.
Principal Underwriter Name:_____________________________________________________________________
B.
File Number: 8- __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
114. A.
Principal Underwriter Name:_____________________________________________________________________
B.
File Number: 8- __________________
C.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
115. A.
Independent Public Accountant Name:____________________________________________________________
B.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
115. A.
Independent Public Accountant Name:____________________________________________________________
B.
City: __________________________ State: _________________ Zip Code: ________ Zip Ext.: ____________
Foreign Country:__________________________________ Foreign Postal Code: _________________________
48
If filing more than one
Page 49,“X” box:
For period ending _________________
File number 811- __________________
116. Family of investment companies information:
A.
B.
Is Registrant part of a family of investment companies? (Y/N) _______________________ ___________
Y/N
Identify the family in 10 letters: ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
(NOTE:In filing this form, use this identification consistently for all investment companies in
family. This designation is for purposes of this form only.)
117. A.
Is Registrant a separate account of an insurance company? (Y/N) _____________________ ___________
Y/N
If answer is “Y” (Yes), are any of the following types of contracts funded by the Registrant?:
B.
Variable annuity contracts? (Y/N) ________________________________________________ ___________
Y/N
C.
Scheduled premium variable life contracts? (Y/N) __________________________________ ___________
Y/N
D.
Flexible premium variable life contracts? (Y/N) ____________________________________ ___________
Y/N
E.
Other types of insurance products registered under the Securities Act of 1933? (Y/N)____ ___________
Y/N
118.
State the number of series existing at the end of the period that had securities registered
under the Securities Act of 1933 ____________________________________________________ ___________
119.
State the number of new series for which registration statements under the Securities Act of
1933 became effective during the period ______________________________________________ ___________
120.
State the total value of the portfolio securities on the date of deposit for the new series
included in item 119 ($000’s omitted) ______________________________________________________ $________
121.
State the number of series for which a current prospectus was in existence at the end of the period ____________
122.
State the number of existing series for which additional units were registered under the
Securities Act of 1933 during the current period _______________________________________ ___________
49
If filing more than one
Page 50,“X” box:
For period ending _________________
File number 811- __________________
123.
State the total value of the additional units considered in answering item 122 ($000’s omitted)__ $_________
124.
State the total value of units of prior series that were placed in the portfolios of subsequent
series during the current period (the value of these units is to be measured on the date they were
placed in the subsequent series) ($000’s omitted) ____________________________________________ $___________
125.
State the total dollar amount of sales loads collected (before reallowances to other brokers or
dealers) by Registrant’s principal underwriter and any underwriter which is an affiliated person
of the principal underwriter during the current period solely from the sale of units of all
series of Registrant ($000’s omitted) _______________________________________________________ $___________
126.
Of the amount shown in item 125, state the total dollar amount of sales loads collected from secondary
market operations in Registrant’s units (include the sales loads, if any, collected on units of a prior
series placed in the portfolio of a subsequent series.) ($000’s omitted) ___________________________ $___________
127.
List opposite the appropriate description below the number of series whose portfolios are invested
primarily (based upon a percentage of NAV) in each type of security shown, the aggregate total assets
at market value as of a date at or near the end of the current period of each such group of series and the
total income distributions made by each such group of series during the current period (excluding
distributions of realized gains, if any):
Number of
Series
Investing
Total Assets
($000’s
omitted)
Total Income
Distributions
($000’s omitted)
A.
U.S. Treasury direct issue_______________
________
$___________
$___________
B.
U.S Government agency ________________
________
$___________
$___________
C.
State and municipal tax-free ____________
________
$___________
$___________
D.
Public utility debt ______________________
________
$___________
$___________
E.
Brokers or dealers debt or debt of
brokers’ or dealers’ parent ______________
________
$___________
$___________
All other corporate intermed. & longterm debt ______________________________
________
$___________
$___________
G.
All other corporate short-term debt ______
________
$___________
$___________
H.
Equity securities of brokers or dealers
or parents of brokers or dealers __________
________
$___________
$___________
I.
Investment company equity securities____
________
$___________
$___________
J.
All other equity securities_______________
________
$___________
$___________
K.
Other securities ________________________
________
$___________
$___________
L.
Total assets of all series of registrant ____
________
$___________
$___________
F.
50
If filing more than one
Page 51,“X” box:
For period ending _________________
File number 811- __________________
128.
Is the timely payment of principal and interest on any of the portfolio securities held by any
of Registrant’s series at the end of the current period insured or guaranteed by an entity other
than the issuer? (Y/N) ______________________________________________________________________ __________
[If answer is “N” (No), go to item 131.]
129.
Y/N
Is the issuer of any instrument covered in item 128 delinquent or in default as to payment of
principal or interest at the end of the current period? (Y/N)_____________________________________ __________
[If answer is “N” (No), go to item 131.]
Y/N
130.
In computations of NAV or offering price per unit, is any part of the value attributed to instruments
identified in item 129 derived from insurance or guarantees? (Y/N)_______________________________ ______ ____
Y/N
131.
Total expenses incurred by all series of Registrant during the current reporting period
($000’s omitted)__________________________________________________________________________
132.
133.
$ ________
List the “811” (Investment Company Act of 1940) registration number for all Series of Registrant that are
being included in this filing:
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
811-_______
If the Registrant has divested itself of securities in accordance with Section 13(c) of the Investment Company Act of 1940
following the filing of its last report on Form N-SAR and before filing of the current report, disclose the following
information for each such divested security:
A. Name of the issuer;
B. Exchange ticker symbol;
C. CUSIP number;
D. Total number of shares or, for debt securities, principal amount divested;
51
E. Date(s) that the securities were divested;
F. If the Registrant holds any securities of the issuer on the date of filing, the exchange ticker symbol; CUSIP number; and
the total number of shares or, for debt securities, principal amount held on the date of filing; and
G. Name of the statue that added the provision of Section 13(c) in accordance with which the securities were divested.
This item 133 shall terminate one year after the first date on which all statutory provisions that underlie Section 13(c) of the
Investment Company Act of 1940 have terminated.
52
GENERAL INSTRUCTIONS
A. Rule as to Use of Form N-SAR
Form N-SAR is a reporting form that is to be used for semi-annual and annual reports by all registered investment
companies that have filed a registration statement which has become effective pursuant to the Securities Act of 1933
(“1933 Act”) with the exception of face amount certificate companies. Face amount certificate companies should
continue to file periodic reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (“1934 Act”).
Registered management investment companies, other than small business investment companies, are required to file
semi-annual and annual reports on Form N-SAR under the Investment Company Act of 1940 (the “Act”) and rule 30b1
1 (17 CFR 270.30b1-1) under the Act. Registered small business investment companies are required to file semi-annual
and annual reports under the Act and rule 30b1-1 (17 CFR 270.30b1-1) under the Act, and, if applicable, Section 13 or
15(d) of the 1934 Act. Registered unit investment trusts (“UITs”) are required to file annual reports on Form N-SAR
under the Act and rule 30a-1 (17 CFR 270.30a-1) under the Act, and, if applicable, Section 13 or 15(d) of the 1934 Act.
Management investment companies except small business investment companies: The first section of the form, which
follows the cover page and contains items 7 through 85, is to be used by all open-end management companies and by
all closed-end management companies except small business investment companies (“SBICs”). Each such open and
closed-end management company is required to complete appropriate items in this section twice a year, except items 80
through 85 which concern certain insurance which the registrant may have. Items 80 through 85 are to be completed, as
appropriate, only once each year as an annual supplement to the form filed after the end of a registrant’s fiscal year. The
information contained in each filing should be year-to-date. The answers to the items in the form filed to report on the
first six months of a registrant’s fiscal year should reflect activities occurring and conditions that existed only during
that six-month period. The answers to the items in the form filed after the end of a registrant’s fiscal year should, except
where otherwise indicated, reflect activities occurring and conditions that existed during the entire fiscal year.
The second section of the form, which contains items 86 through 88, is to be completed only by closed-end management
companies except SBICs. These items are to be completed and filed twice a year and, like other items in the form, will
contain year-to-date information.
Small business investment companies: The third section of the form, which contains items 89 through 110, is to be
completed only by all SBICs. Each SBIC is required to complete all of the items in this section twice a year, with the
exception of items 105 through 110. Those items, which concern certain insurance which the registrant may have, are
to be completed only once each year as an annual supplement to the form filed after the close of a registrant’s fiscal year.
The information supplied in answer to all other items should be on a year-to-date basis.
Unit investment trusts: The fourth section of the form, which contains items 111 through 133, is to be completed only
by all UITs. Each UIT is required to complete appropriate items in this section once a year for the 12-month period
ending December 31 and to include information for all of its series.
Under Section 30 of the Act, Sections 13 and 15(d) of the 1934 Act, and the rules and regulations thereunder, the
Commission is authorized to solicit the information required by Form N-SAR from registered investment companies.
Disclosure of the information specified on Form N-SAR is mandatory. Information supplied on Form N-SAR will be
included routinely in the public files of the Commission and will be available for inspection by any interested persons.
B. Application of General Rules and Regulations
The General Rules and Regulations under the Act contain certain general requirements that are applicable to reporting
on any form. These general requirements should be carefully read and observed in the preparation and filing of reports
on Form N-SAR, except that any provision in the form or in these instructions shall be controlling.
C. Filing the Report
The report shall be filed with the Commission no later than the sixtieth day after the end of the fiscal period for which
the report is being prepared. All registered management investment companies shall file the form semi-annually. All
1
registered UITs shall file the form annually. An extension of time of up to 15 days for filing the form may be obtained
by following the procedures specified in Rule l2b-25 under the 1934 Act.
All transition reports shall be filed no later than the sixtieth day after the later of either the close of the transition period
or the date of the determination to change the fiscal year. However, the transition report may not cover a period longer
than six months. (See Rule 30b1-3 under the Act)
Each filing shall consist of the information required by the items on the form and the required signature[s]. The initial
filing by a registrant shall include answers to all items that are applicable to the registrant. In subsequent filings and in
amendments, a registrant must answer items 1 through 7 and all other applicable items or sub-items that do not have a
slashed box “
”immediately following the item number or sub-item letter. Those items and sub-items that have a
slashed box “
” must be answered in a subsequent filing only if the answers have changed from the previous filing.
If all of the items and sub-items on a page are designated with a slashed box and the answers to none of these items or
sub-items have changed since the previous filing, then none of the items need to be answered and the page/screen on
which these items are located need not be included in the filing.
On a subsequent filing or an amendment, to substitute new information for information previously reported in Items 8,
10, 11, 12, 13, 14, 15 or 25, re-enter all information required by the item. For example, if there were 3 administrators
listed in Item 10, and the second administrator has been replaced, re-enter all information about all 3 administrators,
making the appropriate substitution.
On a subsequent filing, to delete information reported in items 8, 10, 11, 12, 13, 14, 15 or 25 without reporting new
information, enter the word “DELETE” in the answer field for sub-part A of the relevant item. This will cause the
information to be considered to be deleted from all parts of the item.
D. Preparation of Report
(1) No item of the form except items 77 and 102 shall be answered by incorporating any information by reference. No
exhibits or supplemental information are required or permitted, except in response to these items.
(2) Every item must be answered in the space provided on the form. For those items requiring a list, such as item 7C,
or for which not enough space is provided for the answer (e.g., in the case where a registrant has more than four
principal underwriters under sub-item 11A), fill out the block located at the top right of the page to indicate that more
than one copy of that page is being filed. Continue the answer or listing on a second page, and include that second
page in the filing directly following the original page containing that item.
(3) Numeric answers, except per share amounts, shall be rounded to the nearest thousands, where indicated. For
example, where an item says “000’s omitted,” round to the nearest thousand and drop the last 3 zeros (e.g., 143,902
should be reported as 144). Calculated percentages shall be carried to two decimal places unless the item specifies
otherwise. Negative answers are not accepted except where notes to specific items indicated otherwise on the paper
copy of the form.
(4) Wherever a date is required, use six numbers, not letters, to fill in the space (e.g., January 2, 1985 should be reported
as 01/02/85).
(5) One or more items in this form may not apply to a registrant. If this is the case, leave such items completely
unanswered. Do not use “not applicable,” “NA” or any other indication that the item does not apply.
(6) On paper each page of the form that is filed must contain the date of the end of the period and the registrant’s “811”
number. This information is necessary in order to accurately process and file the form. The date should be entered
as explained in Instruction D(4).
(7) The answer to items or sub-items that require the registrant to show the state in which an entity is located should be
the two-letter abbreviation used by the U.S. Postal Service for the state.
(8) The form has been designed to obtain information from companies registered as series or multiple portfolio
companies without requiring each series or portfolio to file a separate form. The form recognizes that some
information about the separate series or portfolios of a series company may be the same for all series, while other
information may be different for each series. The “Series Information Block,” found in the top right-hand corner of
2
each relevant page, is designed to obtain information about series that are different without requiring the registrant
to repeat answers where the information about each series is the same.
Each “Series Information Block” requests two types of information. This information should be given only by series or
multiple portfolio companies (those companies that have answered “YES” to item 7A). If the answers to all items on the
page are the same for all series, an “X” should be placed in the box of the Series Information Block after the phrase “All
Series.” The other item in the Series Information Block should be left blank.
If, however, the answers to all items on a page are not the same for all series, the following steps should be followed:
(a)
Determine if the answers to the items on a page are the same for some of the series
(b) If the answers are the same for some but not all series:
(i) complete the items on the page for those series for which the answers are the same and indicate in the Series
Information Block in the space after the word “Series” the numbers given in item 7C to those series having
the same answers. Separate the series numbers with commas.
(ii) in the block located directly beneath the Series Information Block on the top right side of the page, place
an “X”, in the box after the phrase “If filing more than one page______ , ‘X’ box: .”
(iii) complete the items on a second copy of the page for those other series that have different answers and
indicate in the Series Information Block on this second page on the line after the word “Series” the
number(s) given in item 7C to these series.
(c) If the answers to the items on a page are different for all series, a separate page must be submitted for each series.
In the “Series Information Block” on each such page, indicate on the line after the word “Series” the number
given in item 7C to this series. In the block directly beneath the Series Information Block, place an “X” in the
box after the phrase “If filing more than one page______ , ‘X’ box: .”
E. Preparation of Report by Registrants Submitting the Form on Paper
(1) Form N-SAR is to be used as a blank form to be filled in by the registrant. Exact copies may be duplicated by
the registrant for this purpose, or copies will be furnished by the Commission upon request. Copies duplicated
shall be on good quality unglazed white paper, 8 1/2 x 11 inches in size, with approximately a 5/8 inch lefthand
margin.
(2) The original and three complete copies of the form shall be filed with the Commission. At least one of those
copies shall be signed manually. Unsigned copies shall be conformed.
(3) The first or cover page of the form is intended for electronic filers only and should not be completed by
registrants filing the form on paper.
F. Filings on EDGAR
Filers may not submit the form on magnetic cartridge.
G. Submitting an Amendment to Form N-SAR on Paper or Electronically
(1) An amendment is a filing that changes information previously provided to the Commission on another N-SAR
filing for the same period ending date.
(2) If filing on paper, the original and three complete copies of any amendment to Form N-SAR shall be filed with
the Commission. At least one of the copies shall be signed manually. Unsigned copies shall be conformed.
(3) Each amendment shall consist of the first or cover page, with Items 1 through 7 filled out, the information
required by the items of the form being amended, and the required signatures.
(4) If any portion of an item is amended, the entire item should be filled out in the amendment.
3
H. Definitions
Unless the context clearly indicates the contrary, terms used in Form N-SAR have meanings as defined in the Act
and the rules and regulations thereunder. Unless otherwise indicated, all references in the form or its instructions
to statutory sections or to rules are sections of the Act and the rules and regulations thereunder.
In addition, the following definitions apply:
Family of Investment Companies: The term “family of investment companies,” except for insurance company
separate accounts, means any two or more registered investment companies which share the same investment adviser
or principal underwriter and hold themselves out to investors as related companies for purposes of investment and
investor services. A single registrant that is a series fund would not be considered to be a family of funds simply by
reason of having multiple series. A series fund is part of a family only if there are other entities in the family that
are separately registered under the Act. Insurance company separate accounts that may not hold themselves out to
investors as related companies (products) for purposes of investment and investor services should consider
themselves part of the same family if the operational or accounting or control systems under which these entities
function are substantially similar.
File number: The term “file number” refers to the number assigned to an entity by the Commission when that entity
registered with the Commission in the capacity in which it is named in Form N-SAR. If the registrant does not know
the necessary file number(s), the Commission will supply them.
Fiscal Year: The term “fiscal year” means the fiscal year of the registrant.
Money Market Fund: The term “money market fund” shall mean any open-end fund that meets the maturity, quality and
diversification conditions of paragraphs (c)(2), (c)(3), and (c)(4) of rule 2a-7 [17CFR 270.2a-7].
Officer: The term “officer” means a president, vice-president, treasurer, secretary, comptroller, or any other person
who performs for an organization, whether incorporated or unincorporated, functions of a policy-making nature.
Registrant: The term “registrant” means the investment company filing this report or on whose behalf the report
is filed.
Series or multiple portfolio company: The term “series or multiple portfolio company” means an open-end
investment company that has outstanding more than one class or series of shares, each of which meets the
requirements of Section 18(f) (2) of the Act; or any other registrant that has outstanding more than one class,
account, series, fund, or portfolio each of which, in essence, should be considered to be a separate reporting entity
for purposes of certain items in this form. [See “series companies” in Regulation S-X, Rule 6-03(j) under the 1934
Act.]
4
Instructions to Specific Items
NOTE: Not every item in the form has a separate instruction because the nature of the information requested by such items is
self-explanatory.
Unnumbered items at top of screen 1 of electronic filing
Certain unnumbered questions that appear at the top of screen l are primarily for the use of the staff of the Commission.
The question, “Is this form being completed by the Registrant?” should be answered “yes.” The question, “Is this a
change to a previous filing?” should be answered “no.”
ITEM 1B: File number
For any UIT that registered more than one series under the Act and the 1933 Act prior to September 1972 and received
a separate “811” number for each such series, the “811” number to be shown in this item should be the last such “811”
number received. Such last “811” presumably is also the “811” number under which any series of the same trust were
registered subsequent to September 1972. Item 132 requests registrants to list all other “811” numbers that were received
by series in the trust. NOTE: For further information about this instruction, contact Office of Financial Analysis and
Inspections, Division of Investment Management, (202) 942-0513.
ITEM 1C: Telephone number
The reply to this item may be either the registrant’s official telephone number or the direct dial telephone number at
registrant’s office[s] of an individual knowledgeable about the registrant’s filing. Registrant should not provide 800
numbers which are intended to provide general information to investors.
ITEM 4: Final filing of Form N-SAR
This item is to be answered “Yes” only if the registrant knows that the current filing of the form will be its last because
it has been deregistered as an investment company.
ITEM 5: Small business investment company
A small business investment company (“SBIC”) is a company licensed under the Small Business Investment Act of 1958.
ITEM 7: Series or multiple portfolio company
See Part H of the General Instructions for the definition of a series company. The intent of item 7 is to have each registrant
identify itself as a series company if it meets the definition. It is important that sub-item 7A be answered correctly
because answering much of the remainder of the form depends upon whether a registrant has series or separate portfolios.
Sub-item 7B asks registrants that are series or multiple portfolio companies to indicate the number of separate series or
portfolios that existed at the end of the period.
Sub-item 7C asks registrants to give a number to each series or portfolio starting with the number l and to state the name
of each series or portfolio. It is very important that once a number has been given to a particular series or portfolio, the
same number be used for that series or portfolio in all subsequent filings on the form. If the name of a series or portfolio
should change, continue to use the number originally given to it and indicate the new name in the next filing on the form
after the name was changed. If additional series or portfolios are created after the registrant’s initial filing on the form,
the numbers assigned to these new series or portfolios, as well as their names, should be shown in sub-item 7C in the
next filing of the form. If a series is liquidated or merged or otherwise ceases to exist during a period, this change should
be noted in sub-item 7C of the form filed for that period by placing a “Y” or an “N” in the box in the column labeled
“Is this the last filing for this series?” If more than one series ceased to exist during a period, the number assigned to
such terminated series should not be used for any new series that might be formed in the future. Such terminated series
should not be considered in preparing any filings on Form N-SAR after the period in which such series were liquidated
or merged.
If a new series is created or an existing series is terminated during the first six months of a registrant’s fiscal year, this
5
action must be reported in the filing made for this six-month period. This same information should not be repeated in
the filing made at the end of the registrant’s fiscal year even though most other information reported in this second filing
is year-to-date information.
ITEM 10: Administrator
The term “administrator” means any person who performs services necessary for the operation of the registrant other
than services provided by the entities identified in items 8, 11, 12, 13, 14 or 15.
ITEM 12: Shareholder servicing agent
A “shareholder servicing agent” is also known as a transfer agent. If a shareholder servicing agent is required to register
with the Commission as a transfer agent, the Commission assigns it a file number beginning with “84” or “85,” which
should be inserted in the answer field for item 12B.
ITEM 14: Broker or Dealer which is an affiliated person
A broker or dealer which is an affiliated person of the registrant as defined in Section 2(a)(3) of the Act should be listed
in this item. For a discussion of the term “affiliated person,” see Investment Company Act Release No. 13920 (May 2,
1984).
ITEM 15: Custodian arrangements
Sub-item 15E requires the registrant to indicate the type of custodianship it uses. Clearing agency and depository trust
custody arrangements should be reported separately in item 18 because these arrangements can only be made through
banks or member firms which have been entrusted with the registrant’s assets. The note following sub-item l5E indicates
that any registrant acting as self-custodian should provide the name of the safekeeping depository required by Rule l7f
2 under the Act and its location in sub-items 15C and 15D.
An entity should be considered a “sub-custodian” rather than a “custodian” only if the entity has contracted with the
registrant’s custodian, and not with the registrant, itself, to hold a variety of the registrant’s portfolio securities. A bank
holding a certificate of deposit of which it is the issuer should not be considered a sub-custodian.
ITEM 19: Family of investment companies
See Part G of the General Instructions for the definition of “family of investment companies.”
This item requires a family of investment companies to be identified using ten consecutive letters (omitting spaces). This
requirement is only for purposes of automating this form. A registrant may, for example, choose the first ten letters of
the name of the registrant, adviser, principal underwriter, sponsor or a combination of these names. The letters used may
also be selected randomly. If the identification is not unique, the Commission staff will contact the registrants to work
out a suitable change.
ITEMS 20, 21, 22, and 23: Brokerage commissions and principal transaction
Items 20 and 21 request information about the amount of brokerage commissions paid directly or indirectly by the
registrant to the ten entities which received the greatest amount of brokerage commissions during the period and the total
amount of brokerage commissions paid to all brokerage entities during the period. Items 22 and 23 request information
about the value of principal transactions done with the ten entities with which the registrant did the greatest amount of
principal transactions (purchases and sales combined) and the total value of all principal transactions during the period.
Because portfolio securities can be acquired in a variety of transactions, it may not always be possible to identify clearly
when a transaction should be reported in items 22 and 23. To help registrants distinguish between agency and principal
transactions, and to promote consistent reporting of the information required by these items, the following criteria
should be used:
(a) If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission
to be paid by the registrant, the transaction should be considered an agency transaction and should be included in
determining the answers to items 20 and 21.
6
(b) If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid
or received by the registrant and such net amount is equal to the market value of the security at the time of the
transaction, the transaction should be considered a principal transaction and should be included in determining the
amounts in items 22 and 23.
(c) If a security is purchased by a registrant in an underwritten offering, the acquisition should be considered a principal
transaction and included in answering items 22 and 23 even though the registrant has knowledge of the amount the
underwriters are receiving from the issuer.
(d) If a security is sold by registrant in a tender offer, the sale should be considered a principal transaction and included
in answering items 22 and 23 even though the registrant has knowledge of the amount the offeror is paying to
soliciting brokers or dealers.
(e) If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal
transaction and included in answering items 22 and 23.
(f) The value of called or maturing securities should not be counted in either agency or principal transactions and should
not be included in determining the amounts shown in items 20 through 23. This means that the acquisition of a
security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase
agreement at its expiration date should not be included, either.
(g) The purchase or sales of securities in transactions not described in paragraphs “(a)” through “(f)” above should be
evaluated by the registrant based upon the guidelines established in those paragraphs and classified accordingly. The
agents considered in items 20 and 21 may be persons or companies not registered under the 1934 Act as securities
brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio
instruments on a principal basis may be persons or entities not registered under the 1934 Act as securities dealers.
The IRS employer number of any entity listed in response to these items should be included. The NASD directory
of brokers and dealers contains these IRS numbers for NASD members. Registrant should make a reasonable effort
to obtain these numbers when completing the form.
ITEMS 24 and 25: Acquisition of securities of registrant’s regular brokers or dealers
These two items are included in the form to obtain information required to be provided by registrant/series that invest,
pursuant to Rule 12d3-1 under the Act, in the securities of their regular brokers or dealers, or the parents of such brokers
or dealers, that derive more than 15% of their gross revenues from securities-related activities. See Rule 12d3-1 and
Investment Company Act Release No. 14036, dated July 13, 1984, adopting Rule 12d3-1. The term “regular broker or
dealer” is defined in Rule 10b-1 under the Act. See Investment Company Act Release No. 14193, dated October 12, 1984,
adopting Rule 10b-1.
In the first column of item 25, the registrant/series should list the name of any of its regular brokers or dealers or the
parents of such brokers or dealers (if such parents derive more than 15% of their gross revenues from securities-related
activities) whose securities the registrant owned at the end of the current period.
In the second column, list the IRS employer identification number for the issuer of the securities reported in the first
column. Registrant/series should make a reasonable effort to obtain these numbers.
In the third column, indicate by using a D for debt and an E for equity the type of security of each issuer which the
registrant/series owned at the end of the current period.
In the last column, list the value of any securities of issuers listed in the first column as of the end of the current period.
ITEM 26: Participation of brokers or dealers in compensation paid on portfolio transactions of registrant
For the purpose of this item, the term “compensation” shall include spreads dealers usually charge on principal
7
transactions. Under sub-item F, the registrant should consider brokers or dealers which are affiliated persons of the
registrant, its investment adviser or principal underwriter, or of an affiliated person of any of the foregoing.
ITEM 28: Monthly sales and repurchases of registrant’s/series’ shares
If the filing covers a period of less than six months, fill in information only for those months after the registrant has filed
a registration statement which has become effective pursuant to the 1933 Act. For example, if the registrant’s fiscal halfyear runs from January 1 to June 30, but the registrant’s 1933 Act registration statement did not become effective until
April 10, fill in only the lines for the fourth, fifth, and sixth months.
This item requires information on a month-by-month basis. The filing made for the second half of a fiscal year should
contain sales and redemption data for only the months in the second half.
The amounts to be reported under this item should be after any front-end sales load has been deducted and before any
deferred or contingent deferred sales load or charge has been deducted.
The number of shares should be adjusted to reflect any stock split or stock dividend that occurred during the period.
Shares sold shall include shares sold by the registrant to a registered unit investment trust which is either the issuer of
plan certificates or a separate account of an insurance company.
Include as shares sold in new sales any transaction in which the registrant acquired the assets of another investment
company or of a personal holding company in exchange for its own shares.
Exchanges are defined as the redemption or repurchase of shares of one fund or series and the investment of all or part
of the proceeds in shares of another fund or series in the same family of investment companies. Exchanges should be
included irrespective of whether a sales load is imposed.
Entries in “Total NAV of Shares Sold: Other” should reflect only those sales of registrant’s shares that are not more
appropriately included in any other column concerning sales of shares.
ITEM 29: Registrant/Series imposing a front-end sales load
The term “sales load” is defined in Section 2(a)(35) of the Act. As defined, the term includes only front-end sales loads,
or that money which is deducted from the share price before investment of the proceeds.
ITEM 30: Total front-end sales load collected by underwriters
Include only gross initial sales loads and other underwriting discounts or commissions collected by the registrant’s
principal underwriter or any underwriter which is an affiliated person of the principal underwriter in its capacity as
underwriter of registrant’s shares.
ITEM 31: Net sales loads retained by underwriters
Include in item 31A only underwriting discounts or commissions, and exclude dealer discounts retained by the principal
underwriter, any underwriter who is an affiliated person of the principal underwriter or any dealer that may be deemed
an underwriter. If the underwriter paid out more to entities selling registrant’s shares than it received, indicate by
inserting a zero in item 31A and reporting the excess in item 31B. Amounts reported in item 31A should exclude amounts
reported in items 32 and 33.
ITEM 33: Net amount paid to retail sales force
Include only amounts paid to the underwriter’s own sales force.
ITEM 34: Deferred or contingent deferred sales loads
8
A deferred or contingent deferred sales load is any sales load deducted from the proceeds of the redemption or
repurchase of registrant’s securities.
ITEM 37: Redemption fees
Include as redemption fees any fees, other than deferred or contingent deferred sales loads, that the registrant imposes
on shareholders at the time shares are redeemed or repurchased. Registrants should exclude any other fees imposed on
shareholders making exchanges and any reimbursement for out-of-pocket expenses, such as wire fees charged by
custodian banks.
ITEM 39: Account maintenance fees
These are fees that are imposed directly on all or most of registrant’s shareholders on a periodic basis, such as monthly
or quarterly. The amounts reported should include maintenance or administrative fees imposed on variable annuity and
variable life insurance contracts funded by separate accounts.
ITEM 40: Registrant/Series using its assets directly to make payments under a 12b-1 plan
A “12b-1 plan” is a written plan described by Rule 12b-1(b) under the Act pursuant to which a registrant/series directly
or indirectly finances certain distribution activities including, but not limited to, advertising, compensation of
underwriters, dealers and sales personnel, the printing and mailing of prospectuses to other than current shareholders
and the printing and mailing of sales literature.
ITEM 41: Direct use of assets under 12b-1 plan
In answering this item, direct payments by the registrant/series under a l2b-1 plan would not include situations where
a registrant/series has a so-called prophylactic plan to cover payments its adviser makes to pay for distribution activities.
This item should be answered “Yes” only if the registrant makes direct payments for distribution activities.
ITEM 42: Percentage of payments under the 12b-1 plan
Item 42 asks each registrant/series to indicate the percentage of its total direct payments under the l2b-l plan which were
made for a variety of services or functions. Under sub-item 42A, the registrant/series should include all payments it has
made directly for advertising. Advertising done by other entities, such as a dealer in fund shares which the dealer pays
for with money it receives under the l2b-1 plan should not be included under sub-item 42A. Under sub-items 42C and
42D, the registrant/series should include all payments made under the 12b-1 plan to brokers, dealers and underwriters
regardless of how these monies are ultimately used by these entities. Under sub-item 42E, the registrant/series should
include all payments under the 12b-1 plan which it has made directly to persons who have sold fund shares. Indirect
payments to sales personnel, such as payments to account executives of brokers or dealers selling fund shares which are
made by such brokers or dealers with money they receive from the registrant/series under the l2b-1 plan, should not be
included in this sub-item. Under sub-item 42F, the registrant/series should include all payments made under the l2b-1
plan to banks and savings and loans regardless of how this money is ultimately used by the bank or savings and loan.
But see Release No. 34-20357, dated November 14, 1983.
ITEMS 42, 43 and 44: Payments under the 12b-1 plan
The percentages reported in item 42 should be based on the information listed in item 43. Amounts listed in items 43
and 44 should be mutually exclusive. The answer to item 44 should include payments an entity other than the registrant/
series has made pursuant to a “defensive” 12b-1 plan, for services for which the registrant/series has not specifically
reimbursed that entity and will not do so later.
ITEM 48: Fee rate under advisory contract
If the registrant/series has more than one advisory contract, aggregate the fee rate payable at each breakpoint. If the
contract(s) have more than 10 breakpoints, list only the first 10 on the lines shown and the last breakpoint on Line K.
9
ITEM 51: Registrant/Series having a performance based advisory fee
“Investment performance” is defined in Rule 205-1(a) under the Investment Advisers Act of 1940.
ITEM 53: Expense limitations or reductions
This item seeks information concerning any limitations or reductions, other than those imposed by state blue sky laws,
on the level of expenses incurred by the registrant/series during the period. The limitation may be scaled, it may be
applied indirectly (such as when the adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may
apply only for a temporary period such as for a new fund in its start-up phase. If there was any direct or indirect limitation
in effect at any time during the period, indicate in sub-items 53B or 53C the basis on which the limitation was applied
during the period. If the limitation was based upon both assets and income, answer both sub-items 53B and 53C.
ITEM 54: Services supplied by investment advisers or administrators
Indicate only services supplied or paid for by adviser(s) or administrator(s) for which they were not reimbursed by the
Registrant separately from the advisory or administrative fee.
ITEM 55: Overdrafts and bank loans
This item seeks information on the extent to which a registrant/series had overdrafts or bank loans outstanding at any
time during the period. In order to avoid having to identify and report small amounts, a 1% of aggregate net assets
threshold should be followed. Thus, sub-item A must be answered “Yes” only if the registrant/series had over-drafts that
exceeded 1% of net assets at any one time during the period. Sub-item B must be answered “Yes” only if the registrant/
series had bank loans outstanding that exceeded 1% of net assets at any one time during the period.
ITEM 57: Stock splits or stock dividends
If a stock split or stock dividend results in an adjustment of the number of shares during the first six months of a
registrant’s fiscal year, the action must be reported in the filing for that six-month period. This same information should
not be repeated in the filing made at the end of the fiscal year.
ITEM 61: Minimum required investment
In answering this item, the registrant should give the lowest minimum initial investment that it requires of an investor
to open an account. This minimum amount does not have to be received in a lump sum if the registrant/series permits
investors to reach this minimum level over a period of time. Minimum investments required to open IRA, KEOGH,
qualified corporate retirement plans and other similar tax-advantaged accounts should not be considered in answering
this item.
ITEM 62: Percentage of portfolio in various debt securities
This item should be answered only by those registrants usually investing solely in debt securities, not by those taking
a temporary position in debt securities or by balanced funds.
Short-term maturities are defined for purposes of this form as securities with maturities of 12 months or less. Securities
having variable or floating interest rates or subject to a demand feature should be considered short-term if the interest
rate adjustment period or the demand period is 12 months or less. Intermediate and long-term maturities include all other
debt securities. For information on how to determine the maturity of such instruments, registrants should refer to Rule
2a-7 under the Act.
Include as a U.S. Government Agency security any security guaranteed by an agency of the U.S. Government.
The percentages required by this item should conform to the way in which these portfolio instruments and their values
are shown in reports to shareholders.
ITEM 63: Dollar weighted average maturity
Except for money market funds, the dollar weighted average maturity of a registrant’s portfolio at the end of the period
10
is to be calculated by multiplying the market value of each portfolio security by the time remaining to its maturity (in
days or in years to one decimal place), adding these calculations and then dividing the total by the market value of the
portfolio. The result should be stated in days for any average maturity of one year or less and in years (to one decimal
place) for any average maturity over one year. The maturity of an instrument should be its ultimate maturity date unless
it is probable that the issuer of the instrument will take advantage of a maturity-shortening device such as a call,
refunding, or redemption provision. The maturity date to be used in such a case should be the date on which it is probable
that the instrument will be called, refunded, or redeemed. For new issues by GNMA or FNMA, for the purpose of this
item, start with the assumption of a 12-year maturity, unless other information is publicly available from a nationally
recognized source. Do not reduce the assumed maturity below 1 year unless the security has less than 1 year to actual
maturity. A money market fund shall determine the weighted average portfolio maturity in the same manner as it would
in monitoring compliance with the average portfolio maturity provisions of Rule 2a-7.
ITEM 64 and 65: Insured or guaranteed securities
These two items request information about registrant’s/series’ securities for which the principal amount or interest
thereon is insured or guaranteed by an entity other than the issuer. The insurance or guarantee may apply either to
individual securities in the portfolio or to the portfolio itself. The entity providing the insurance or guarantee may be
either a governmental or nongovernmental entity. The form of the insurance or guarantee may be an insurance policy,
a letter of credit, a collateralization agreement defeasance, or a similar mechanism. If any of the securities owned by the
registrant/series are insured or guaranteed, the answer to sub-item 64A should be “Yes.” If the issuer of any such insured
or guaranteed security is delinquent or in default as to payment of principal or interest at the end of the reporting period,
the answer to sub-item 64B should be “Yes.” Item 65 requires information concerning only whether the insurance or
guarantee is being used in any way to value securities for which the issuer is delinquent or in default as to payment of
principal or interest. This item is not concerned with whether the value of securities not delinquent or in default may in
part be based upon some insurance or guarantee.
ITEM 66: Classification of funds investing in equity securities
A registrant/series with an investment objective of aggressive capital appreciation is one that primarily and regularly
seeks short-term appreciation through high-risk investment, with little or no concern for receipt of income.
A registrant/series with an investment objective of capital appreciation is one that primarily and regularly invests for
an intermediate-term return by investing in moderate to high-risk securities, with little or no concern for receipt of
income.
A registrant/series with an investment objective of growth is one that seeks long-term growth, with a moderate degree
of risk. Receipt of income may be considered to some degree in selecting investments.
A registrant/series should place a “Y” beside sub-item 66E, growth and income, if it primarily and regularly makes lowrisk investments with the objective of capital growth and income production.
A registrant/series should place a “Y” beside sub-item 66F, income, if the receipt of income is the primary reason for
selecting portfolio securities.
A registrant/series whose portfolio includes a varying mix of equity and debt securities should place a “Y” beside subitem 66G, total return.
ITEM 67: Registrant/Series investing primarily and regularly in a balanced portfolio of debt and equity securities
A balanced fund for purposes of this form is one that has the multiple objectives of providing income, stability of capital,
and possible increases in capital. At least 25% of the value of the assets of a registrant/series calling itself a balanced
fund should be invested in either debt securities, preferred stock, or some combination of both. If convertible senior
securities are included in the required 25%, only that portion of their value attributable to their fixed income
characteristics may be used in calculating the 25% figure. See Guide 4 to Form N-1A, (CCH) Fed. Sec. L. ¶ 60,503 at
60,097-29.
ITEM 69: Registrant/Series as an index fund
11
An index fund is one that seeks to provide investment results corresponding to the movements of a specified index.
ITEM 70: Investment practices
The answer to sub-item 70K., investment in shares of other investment companies, should not include investment in a
consolidated subsidiary of the registrant.
Sub-item 70O., borrowing of money, should not include the practice of borrowing money from a bank for temporary or
emergency purposes, and not for investment, in an amount not exceeding 5% of net assets.
Sub-item 70P, purchases or sales by certain exempted affiliated persons, refers to those purchases and sale transactions
which are exempted by Rule 17a-7 under the Act.
ITEM 71: Portfolio turnover rate
The rate of portfolio turnover shall be calculated by dividing (a) the lesser of purchases or sales of portfolio securities
for the reporting period by (b) the monthly average of the value of the portfolio securities owned by the registrant
during the reporting period. This monthly average shall be calculated by totaling the market values of the portfolio
securities as of the beginning and end of the first month of the reporting period and as of the end of each of the succeeding
months in the period and dividing the sum by the number of months in the period plus 1. A money market fund should
enter a portfolio turnover rate of “0” even if it owns securities that have maturities in excess of one year.
Sub-items 71A and B should be rounded to zero, if appropriate; however, unless A or B is a true zero, rather than a
rounded zero, sub-item 71D should have an answer greater than zero.
For purposes of this item, there shall be excluded from both the numerator and denominator all securities, including
options, whose maturity or expiration date at the time of acquisition were one year or less. All long-term U.S.
Government securities, should be included. Purchases shall include any cash paid upon the conversion of one portfolio
security into another. Purchases shall also include the cost of rights or warrants purchased.
Sales shall include any cash proceeds from the sale of rights or warrants, or other dispositions such as tender offers. Sales
shall also include the proceeds of portfolio securities which have been called, or for which payment has been made
through redemption or maturity.
If, during the reporting period, the registrant acquired the assets of another investment company or of a personal holding
company in exchange for its own shares, it shall exclude from purchases the value of securities so acquired and from
sales, all sales of such securities made following a purchase-of-assets transaction to realign the registrant’s portfolio.
In such event, the registrant shall also make appropriate adjustment in the denominator of the portfolio turnover
computation.
Short sales which the registrant intends to maintain for more than one year and put and call options where the expiration
date is more than one year from the date of acquisition should be included in purchases and sales for purposes of this
item. The proceeds from a short sale should be included in the value of the portfolio securities which the registrant sold
during the reporting period and the cost of covering a short sale should be included in the value of the portfolio securities
which the registrant purchased during the period. The premiums paid to purchase options should be included in the value
of the portfolio securities which the registrant purchased during the reporting period and the premiums received from
the sale of options should be included in the value of the portfolio securities which the registrant sold during the period.
ITEM 72: Income and expenses
The amounts to be shown in sub-items 72B through 72EE should be based upon the semi-annual or annual financial
statements as of the same date contained in reports to shareholders. The amounts shown on the form filed for the fiscal
year-end period should include year-to-date information and not amounts for only the last six months of the fiscal year.
Each series of a series company should report its financial information separately.
If a sub-item listed under item 72 is not shown in the financial statements in shareholder reports covering the same time
12
period and such amount(s) is not readily available from the registrant’s/series’ accounting records, then the amount(s)
used in shareholder reports should be used. For example, sub-item 72K asks for postage expense. This expense category
may be part of other categories such as shareholder servicing agent fees and advisory fees, and the registrant/series may
have no easy way to determine the amount. In such situations, the registrant/series should report only those expense items
that are readily available and should not attempt to break out more detailed expenses from a larger expense category.
However, if such expense breakdowns are available in records kept pursuant to section 31 of the Act, they should be
reported even though these categories may differ from the line items of financial statements included in shareholder
reports. Sub-item 72Z, net investment income, on the other hand, should be reported the same way it is included in
shareholder reports regardless of the expense breakdowns used. If the registrant/series had a net loss for the period,
indicate the amount of the loss by inserting a minus sign in front of the loss.
An expense, other than advisory fees and administrator fees, that the Registrant/Series incurred, but for which it is
reimbursed should be listed as net of such reimbursement specifically related to that expense. This means that in subitems 72H through 72W, any expense may be reported as a negative amount if the Registrant/Series was reimbursed
during the reporting period to specifically reduce that expense, not to reduce over-all expenses. For example, if printing
expenses for the current period were reduced during the current period for printing expenses incurred during a prior
period, sub-item 72L may have a negative amount for the answer.
Any tax the Registrant/Series incurred on retained capital gains should be netted against realized capital gains in
answering sub-item 72AA.
Complete either sub-item 72CC(1) or 72CC(2), not both.
SUB-ITEM 72DD2: Total income dividends
Fill in sub-item 72DD2 only if the registrant is an open-end investment company that has outstanding two classes of
common stock, neither of which has assets specifically allocated to it (commonly known as “dual class” funds). For
example, use this sub-item for a company that has one class of shares upon the sale of which a front-end sales load is
charged and one class for which no front-end sales load is charged, but with respect to which 12b-1 fees are paid. Enter
the classes in the same order in all items for which space is provided and in all future filings.
ITEM 73: Dividends and distributions
The amounts shown for per-share dividends and distribution for which the record date passed during the current period
should be shown to fractions of a cent if the declaration of the dividend or distribution was also to a fraction of a cent.
Any fractional amount shown should be carried to four decimal places.
For purposes of this item, include only dividends and other distributions paid with respect to common stock.
Include, in sub-item 73C, returns of capital.
SUB-ITEM 73A2: Dividends per share
See instruction for sub-item 72DD2.
ITEM 74: Assets, liabilities, net assets
Amounts shown in sub-items 74A through 74Y should be based upon the semi-annual or annual financial statements as
of the same date contained in shareholder reports. Each series of a series company should report its financial information
separately.
If a sub-item listed under this item is not shown in the financial statements in the shareholder report covering the same
time period and such amount(s) is not readily available from the registrant’s/series’ accounting records, then the
amount(s) used in shareholder reports should be used.
The instruments listed in sub-items 74B - 74I should be reported in the same way in which these instruments are shown
in shareholder reports. That is, if such an instrument was acquired in a transaction that also resulted in the recording of
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a related liability (e.g., a straddle) and the registrant shows only the net effect of such transactions in reports to
shareholders, then only the net effect should be shown in the form. If reports to shareholders show the gross effect of
such transactions, then only the gross effect should be shown in the form. Sub-items 74K and 74P should include
receivables from and liabilities to investment advisers, principal underwriters, and other affiliated persons. All money
market funds should answer sub-item 74W, regardless of how they compute net asset value for the purpose of sales and
redemption. Sub-item 74X should report the number of accounts of beneficial owners, as far as the Registrant can
determine. The answer to sub-item 74Y should be the total value of assets that have been segregated to cover short sales,
forward commitments, sales of options, purchases or sales of futures, and similar transactions.
No asset should have a negative value. A negative balance in any asset account should be reflected as a positive amount
in an appropriate liability account.
SUB-ITEMS 74U2 and 74V2: Number of shares outstanding and net asset value per share
See instruction for sub-item 72DD2.
ITEM 75: Computation of average net assets
The amount to be shown in this item is the daily average net assets for money market funds and the monthly average net
assets for all other companies during the current reporting period. For the latter companies, the average net assets for
the period should be calculated by adding the net assets of the registrant/series on the first day of the period and on the
last day of each month during the period and then dividing this sum by the number of months in the period plus one. For
example, if the computation period is 1/1/85 through 6/30/85, and the registrant is not a money market fund, the
registrant should add its net assets on 1/1/85 and on the last day of January, February, March, April, May and June and
then divide this total by seven to obtain the average net assets for the period.
ITEM 76: Market price per share for closed-end investment companies
Answer this item with respect to common stock issued by the Registrant/Series, only.
ITEM 77: Attachments
The general instructions require that no schedules or supplements be attached to this form except in response to this item.
Item 77 requires that a registrant filing any of the materials listed to mark a “Y” beside the appropriate sub-item to
indicate the nature of the attachment. Only materials relating to the documents or circumstances enumerated in this item
are to be filed with the form. If an action or event for which an attachment is required by this item occurs during the first
six months of a registrant’s fiscal year, the attachment must be filed with the filing for the first six-month period. This
same attachment should not be filed or incorporated again, in the filing made at the end of the registrant’s fiscal year.
The following instructions relate to the sub-items of this item:
SUB-ITEM 77B: Accountant’s report on internal control
Except as provided below, a management investment company shall furnish a report of its independent public accountant
on the company’s system of internal accounting controls. The accountant’s report shall be based on the review, study
and evaluation of the accounting system, internal accounting controls, and procedures for safeguarding securities made
during the audit of the financial statements. The report should disclose material weaknesses in the accounting system,
system of internal accounting control and procedures for safeguarding securities which exist as of the end of the
registrant’s fiscal year. Disclosure of a material weakness should include an indication of any corrective action taken
or proposed.
The accountant’s report shall be furnished as an exhibit to the form filed for the company’s fiscal year and shall: (1) be
addressed to the company’s shareholders and board of directors; (2) be dated; (3) be signed manually; and (4) indicate
the city and state where issued.
The fact that an accountant’s report is attached to this form shall not be regarded as acknowledging any review of this
form by the independent public accountant.
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These provisions do not apply to SBICs, or to management investment companies not required by either the Investment
Company Act, any other Federal or state law or rule or regulation thereunder, to have an audit of their financial
statements.
SUB-ITEM 77C: Submission of matters to a vote of security holders
If any matter has been submitted to a vote of security holders, furnish the following information:
(a) The date of the meeting and whether it was an annual or special meeting;
(b) If the meeting involved the election of directors, state the name of each director elected at the meeting and the names
of all other directors now in office;
(c) Describe each matter voted upon at the meeting and state the number of affirmative votes and the number of negative
votes cast with respect to each matter;
(d) Describe the terms of any settlement between the registrant and any other participant (as defined in Rule14a-11 of
Regulation 14A under the 1934 Act) terminating any solicitation subject to Rule 14a-11, including the cost
or anticipated cost to the registrant.
Instructions:
1. If any matter has been submitted to a vote of security holders other than at a meeting of security
holders, corresponding information with respect to such submission shall be furnished. The solicitation
of any authorization or consent (other than a proxy to vote at a stockholders’ meeting) with respect
to any matter shall be deemed a submission of such matter to a vote of security holders within the
meaning of this item.
2. This sub-item need not be answered as to (i) procedural matters, (ii) the selection or approval of
auditors, (iii) the continuation of the current advisory contract, or (iv) the election of directors or
officers in cases where there was no solicitation in opposition to the management’s nominee, as listed
in a proxy statement pursuant to rule 20a-1 under the Act and regulation 14A under the 1934 Act, and
all of such nominees were elected. This sub-item may be omitted if action at the meeting was limited to
the foregoing. In cases where the registrant does not solicit proxies and the board of directors as
previously reported to the Commission was re-elected in its entirety, a statement to that effect will
suffice.
3. If the issuer has published a report containing all of the information required by this item, the item may
be answered by a reference to the information contained in the report, provided copies of the report are
filed as an exhibit to this form.
4. If the registrant has furnished to its security holders proxy soliciting material containing the information
required by paragraph (d) above, the paragraph may be answered by reference to the information
contained in the material.
SUB-ITEM 77D: Policies with respect to security investments
Describe any material change which has occurred in the investment policy of the registrant with respect to each of the
following matters that has not been approved by shareholders.
(a) The type of securities (e.g., bonds, preferred stocks, common stocks) in which it may invest, indicating the
proportion of the assets which may be invested in each type of security;
(b) The percentage of assets which it may invest in the securities of any one issuer;
(c) The percentage of voting securities of any one issuer which it may acquire;
(d) Investment in companies for the purpose of exercising control or management;
(e) Investment in securities of other investment companies;
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(f) The policy with respect to portfolio turnover;
(g) Any other investment policy set forth in the registrant’s charter, by-laws or prospectus.
SUB-ITEM 77E: Legal Proceedings
(a) Briefly describe any material legal proceedings, other than routine litigation incidental to the business, to which the
registrant or any of its subsidiaries has become a party or of which any of their property has become the subject.
Include the name of the court where the proceedings were instituted, the date instituted and the principal parties
thereto.
(b) If any such proceeding previously reported has been terminated, identify the proceeding, give the date of termination
and state the disposition thereof with respect to the registrant and its subsidiaries.
Instruction: Any bankruptcy, receivership or similar proceeding with respect to the registrant or any of its significant
subsidiaries shall be described. Any proceeding to which any director, officer or other affiliated person of
the registrant is a party adverse to the registrant or any of its subsidiaries shall also be described. Any
proceeding involving the other affiliated person of the registrant as a party adverse to the registrant or any
of its subsidiaries shall also be described. Any proceeding involving the revocation or suspension
of the right of the registrant to sell securities shall also be described.
SUB-ITEM 77F: Changes in security for debt
If there has been a material withdrawal or substitution of assets securing any class of the registrant’s debt, furnish
the following information:
(a) The title of the securities.
(b) A brief description of the assets involved in the withdrawal or substitution.
(c) The provision in the underlying indenture, if any, authorizing the withdrawal or substitution.
Instruction: This sub-item does not apply to short-term paper. This sub-item need not be answered where the withdrawal
or substitution is made pursuant to the terms of an indenture which has been qualified under the Trust
Indenture Act of 1939.
SUB-ITEM 77G: Defaults and arrears on senior securities
(a) State as to each issue of long-term debt of the registrant which is in default at the close of the fiscal semi-annual
period with respect to the payment of principal, interest or amortization: (l) nature of default; (2) date of default;
(3) amount of default per $1,000 face amount; and (4) total amount of default.
(b) State as to each issue of capital stock of the registrant on which any accumulated dividend is in arrears at the close
of the fiscal semi-annual period: (1) title of issue; (2) amount per share in arrears.
SUB-ITEM 77H: Changes in control of registrant
(a) If any person has acquired control of the registrant, give the name of the person, the date and a brief description of
the transaction or transactions by which the person acquired control and the percentage of voting securities of the
registrant owned or other basis of control over the registrant.
(b) If any person has ceased to be a controlling person of the registrant, give the name of the person, the date and a brief
description of the transaction or transactions by which the person ceased to have control.
SUB-ITEM 77I: Terms of new or amended securities
(a) If the constituent instruments defining the rights of the holders of any class of the registrant’s securities have been
materially modified, give the title of the class involved and state briefly the general effect of the modification upon
the rights of the holders of such securities.
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(b) If the registrant has issued a new class of securities, furnish a description of the class called for by the applicable
registration statement item.
Instruction: This sub-item does not apply to short-term paper.
SUB-ITEM 77J: Revaluation of assets or restatement of capital share account
(a) If there has been a material change in the method of valuation of the registrant’s assets during the semi-annual
period, state the date of the change and explain the change, the accounts involved and the statutory or regulatory
basis, if any.
(b) If there has been a material restatement of the registrant’s capital share account during the semi-annual period,
resulting in a transfer from capital share liability to surplus or reserves, or vice versa, state the date, purpose and
amount of the restatement and give a brief explanation of all related entries in connection with the restatement.
SUB-ITEM 77K: Changes in registrant’s certifying accountant
Provide the information called for by Item 4 of Form 8-K under the Securities Exchange Act of 1934 [17 CFR 249.308].
Unless otherwise specified by Item 4, or related to and necessary for a complete understanding of information not
previously disclosed, the information should relate to events occurring during the reporting period. Notwithstanding
requirements in Item 4 of Form 8-K to file more frequently, registrants need only file semi-annually in accordance with
the requirements of this Form.
SUB-ITEM 77L: Changes in accounting principles and practices
Describe any change in accounting principles or practices followed by the registrant, or any change in the method of
applying any such accounting principles or practices, which will materially affect the financial statements filed or to be
filed for the current year with the Commission and which has not been previously reported hereunder. State the date of
the change and the reasons therefor. A letter from the registrant’s independent accountants, approving or otherwise
commenting on the change, shall accompany the report.
SUB-ITEM 77M: Mergers
If, during the fiscal semi-annual period, the registrant became the surviving corporation of a merger or consolidation
with one or more other registered investment companies, furnish the following information:
(a) The name of each such other registered company;
(b) The circumstances and details of the merger or consolidation, including the date and terms thereof, any action taken
by the board of directors or shareholders approving or ratifying the merger or consolidation, and other actions taken
pursuant to state law. Also include any other facts relevant to a Commission consideration of whether such other
registered investment company has ceased to be an investment company as defined in the Act.
SUB-ITEM 77N: Actions required to be reported pursuant to Rule 2a-7
A Registrant relying on Rule 2a-7 (17 CFR 270.2a-7] to use the amortized cost method of valuation is required by
paragraph (a) (2) (vii) of that rule to report any action taken by the board of directors to eliminate or reduce any material
dilution or other unfair results to investors caused by a deviation from the fund’s amortized cost price per share that
exceeds 1/2 of 1 percent. If any such action was taken during the reporting period, this item should be checked and an
exhibit attached, specifically describing the nature and circumstances of the action.
SUB-ITEM 77O: Transactions effected pursuant to Rule 10f-3
Rule 10f-3 (17 CFR 270.10f-3] provides a limited exemption from section 10(f) of the Act, provided, inter alia, that all
transactions effected pursuant to the rule are reported on form N-SAR. If any such transactions were effected during the
reporting period, this item should be checked and an exhibit attached setting forth from whom the securities were
acquired, the identity of the underwriting syndicate’s members, the terms of the transaction and the information or
materials upon which the determination described in paragraph (b)(10)(iii) of rule 10f-3 was made.
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SUB-ITEM 77P: Information required to be filed with the registrant’s periodic reports pursuant to existing exemptive
orders
If any actions were taken during the reporting period which were required to be reported on Form N-1Q pursuant to an
exemptive order, that information must now be reported in this sub-item of Form N-SAR.
SUB-ITEM 77Q1: Exhibits
In addition to the materials provided pursuant to sub-items 77C through 77P, if any, and subject to Rule 201.24 of the
General Rules of Practice regarding incorporation by reference and the rules applicable to electronic submission of
filings, the following exhibits shall be filed as part of this form, if not previously filed:
(a) Copies of any material amendments to the registrant’s charter or by-laws;
(b) Copies of the text of any proposal described in answer to sub-item 77D;
(c) Copies of the amendments to all constituent instruments and other documents described in answer to sub-item 77G;
(d) Copies of all constituent instruments defining the rights of the holders of any new class of securities and of any
amendments to constituent instruments referred to in answer to sub-item 77I;
(e) Copies of any new or amended Registrant investment advisory contracts;
(f) Letters from the registrant and the independent accountants furnished pursuant to sub-items 77K and 77L;
(g) Copies of any merger or consolidation agreement, and other documents relevant to the information sought in subitem 77M, above.
SUB-ITEM 77Q2:
For closed-end management companies except small business investment companies, furnish the information called for
by Item 405 of Regulation S-K [17 CFR 229.405]. Notwithstanding requirements in General Instruction A of this Form
to file all items except Items 80 through 85 semi-annually, registrants need complete this paragraph of the sub-item only
once each year as an annual supplement to the form filed after the end of a registrant’s fiscal year.
SUB-ITEM 77Q3:
Furnish any other information required to be included as an exhibit pursuant to such rules and regulations as the
Commission may prescribe.
ITEM 81: Joint fidelity bond
Answer yes to sub-item 81A if the bond is shared with any other entity.
ITEM 86: Sales, repurchases, and redemptions of securities
This item does not apply to short-term paper, ordinary sinking fund operations or similar periodic decreases made
pursuant to the terms of governing instruments, or payment of indebtedness at maturity.
The number of shares reported should be adjusted to reflect any stock dividend or stock split during the period covered
by the report.
For purposes of line E, the extension of the maturity date of indebtedness shall be deemed the issuance of new
indebtedness.
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“Redemption,” as used in lines D and F, means redemption at the option of the issuer.
ITEM 88: Senior securities
In addition to the usual type of senior security such as bonds or preferred stocks, certain transactions a registrant may
engage in could create a senior security. Examples of such transactions include short sales, uncovered options, purchases
of securities on margin and the entering into of firm commitments to purchase securities at a future date. Investment
companies may engage in these other transactions and not create a senior security if a segregated account has been
established and appropriately funded. In answering this item, a registrant should answer “Yes” only if it had a senior
security that was not adequately covered by a segregated account or by other means.
ITEM 94: Family of investment companies
See instructions for item 19.
ITEM 95: Sales, repurchases, and redemptions of securities
See instructions for item 86.
ITEM 97: Income and expenses
See instructions for item 72.
ITEM 98: Dividends and distributions
See instructions for item 73.
ITEM 99: Assets, liabilities and shareholders’ equity
See instructions for item 74.
ITEM 100: Computation of average net assets
See instructions for item 76.
ITEM 102: Attachments
See instructions for item 77.
SUB-ITEM 102B: Submission of matters to a vote of security holders
See instructions for sub-item 77C.
SUB-ITEM 102C: Policies with respect to security investments
See instructions for sub-item 77D.
SUB-ITEM 102D: Legal Proceedings
See instructions for sub-item 77E.
SUB-ITEM 102E: Changes in security for debt
See instructions for sub-item 77F.
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SUB-ITEM 102F: Defaults and arrears on senior securities
See instructions for sub-item 77G.
SUB-ITEM 102G: Changes in control of registrant
See instructions for sub-item 77H.
SUB-ITEM 102H: Terms of new or amended securities
See instructions for sub-item 77I.
SUB-ITEM 102I: Revaluation of assets or restatement of capital share account
See instructions for sub-item 77J.
SUB-ITEM 102J: Changes in registrant’s certifying accountant
See instructions for sub-item 77K.
SUB-ITEM 102K: Changes in accounting principles and practices.
See instructions for sub-item 77L.
SUB-ITEM 102L: Mergers
See instructions for sub-item 77M.
SUB-ITEM 102M: Information required to be reported pursuant to Rule 2a-7
See instructions to sub-item 77N.
SUB-ITEM 102N: Transactions effected pursuant to Rule 10f-3
See instructions to sub-item 77O.
SUB-ITEM 102O: Information required to be filed with the registrant’s periodic reports pursuant to existing exemptive
orders
See instructions to sub-item 77P.
SUB-ITEM 102P1: Exhibits
In addition to the materials provided pursuant to sub-items 102B through 102O, if any, and subject to Rule 201.24 of
the General Rules of Practice regarding incorporation by reference, the following exhibits shall be filed as part of Form
N-SAR, if not previously filed:
(a) Copies of any material amendments to the registrant’s charter or by-laws;
(b) Copies of the text of any proposal described in answer to sub-item 102C;
(c) Copies of the amendments to all constituent instruments and other documents described in answer to sub-item 102F;
(d) Copies of all constituent instruments defining the rights of the holders of any new class of securities and of any
amendments to constituent instruments referred to in answer to sub-item 102I;
(e) Copies of any new or amended Registrant investment advisory contracts;
(f) Letters from the registrant and independent accountants furnished pursuant to sub-items 102J and 102K;
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(g) Copies of any merger or consolidation agreements, and other documents relevant to the information sought in subitem 102L, above.
SUB-ITEM 102P2:
Furnish the information called for by Item 405 of Regulation S-K [17 CFR 229.405]. Notwithstanding requirements in
General Instruction A of this Form to file all items except Item 105 through 110 semi-annually, registrants need complete
this paragraph of the sub-item only once each year as an annual supplement to the form filed after the end of a registrant’s
fiscal year.
SUB-ITEM 102P3:
(a) (1) Disclose whether, as of the end of the period covered by the report, the registrant has adopted a code of ethics
that applies to the registrant’s principal executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions, regardless of whether these individuals are
employed by the registrant or a third party. If the registrant has not adopted such a code of ethics, explain why
it has not done so. The information required by this paragraph (a)(1) is only required in an annual report on this
Form N-SAR.
(2) For purposes of this Instruction 102P3(a), the term “code of ethics” means written standards that are reasonably
designed to deter wrongdoing and to promote:
(i) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;
(ii) Full, fair, accurate, timely, and understandable disclosure in reports and documents that a registrant files
with, or submits to, the Commission and in other public communications made by the registrant;
(iii) Compliance with applicable governmental laws, rules, and regulations;
(iv) The prompt internal reporting of violations of the code to an appropriate person or persons identified in the
code; and
(v) Accountability for adherence to the code.
(3) The registrant must briefly describe the nature of any amendment, during the period covered by the report, to
a provision of its code of ethics that applies to the registrant’s principal executive officer, principal financial
officer, principal accounting officer or controller, or persons performing similar functions, regardless of
whether these individuals are employed by the registrant or a third party, and that relates to any element of the
code of ethics definition enumerated in paragraph (a)(2) of this Instruction 102P3. The registrant must file a
copy of any such amendment as an exhibit to this report on Form N-SAR, unless the registrant has elected to
satisfy paragraph (a)(6) of this Instruction 102P3 by posting its code of ethics on its website pursuant to
paragraph (a)(6)(ii) of this Instruction 102P3, or by undertaking to provide its code of ethics to any person
without charge, upon request, pursuant to paragraph (a)(6)(iii) of this Instruction 102P3.
(4) If the registrant has, during the period covered by the report, granted a waiver, including an implicit waiver, from
a provision of the code of ethics to the registrant’s principal executive officer, principal financial officer,
principal accounting officer or controller, or persons performing similar functions, regardless of whether these
individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in
paragraph (a)(2) of this Instruction 102P3, the registrant must briefly describe the nature of the waiver, the name
of the person to whom the waiver was granted, and the date of the waiver.
(5) If the registrant intends to satisfy the disclosure requirement under paragraph (a)(3) or (4) of this Instruction
102P3 regarding an amendment to, or a waiver from, a provision of its code of ethics that applies to the
registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or
persons performing similar functions and that relates to any element of the code of ethics definition enumerated
in paragraph (a)(2) of this Instruction 102P3 by posting such information on its Internet website, disclose the
registrant’s Internet address and such intention.
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(6) The registrant must:
(i) File with the Commission a copy of its code of ethics that applies to the registrant’s principal executive
officer, principal financial officer, principal accounting officer or controller, or persons performing similar
functions, as an exhibit to its annual report on this Form N-SAR;
(ii) Post the text of such code of ethics on its Internet website and disclose, in its most recent report on this Form
N-SAR, its Internet address and the fact that it has posted such code of ethics on its Internet website; or
(iii) Undertake in its most recent report on this Form N-SAR to provide to any person without charge, upon
request, a copy of such code of ethics and explain the manner in which such request may be made.
(7) A registrant may have separate codes of ethics for different types of officers. Furthermore, a “code of ethics”
within the meaning of paragraph (a)(2) of this Instruction 102P3 may be a portion of a broader document that
addresses additional topics or that applies to more persons than those specified in paragraph (a)(1). In satisfying
the requirements of paragraph (a)(6), a registrant need only file, post, or provide the portions of a broader
document that constitutes a “code of ethics” as defined in paragraph (a)(2) and that apply to the persons
specified in paragraph (a)(1).
(8) If a registrant elects to satisfy paragraph (a)(6) of this Instruction 102P3 by posting its code of ethics on its
website pursuant to paragraph (a)(6)(ii), the code of ethics must remain accessible on its website for as long as
the registrant remains subject to the requirements of this Instruction 102P3 and chooses to comply with this
Instruction 102P3 by posting its code on its website pursuant to paragraph (a)(6)(ii).
(9) The registrant does not need to provide any information pursuant to paragraphs (a)(3) and (4) of this Instruction
102P3 if it discloses the required information on its Internet website within five business days following the date
of the amendment or waiver and the registrant has disclosed in its most recently filed report on this Form N-SAR
its Internet address and intention to provide disclosure in this manner. If the amendment or waiver occurs on
a Saturday, Sunday, or holiday on which the Commission is not open for business, then the five business day
period shall begin to run on and include the first business day thereafter. If the registrant elects to disclose this
information through its website, such information must remain available on the website for at least a 12-month
period. The registrant must retain the information for a period of not less than six years following the end of
the fiscal year in which the amendment or waiver occurred. Upon request, the registrant must furnish to the
Commission or its staff a copy of any or all information retained pursuant to this requirement.
(10)The registrant does not need to disclose technical, administrative, or other non-substantive amendments to its
code of ethics.
(11)For purposes of this Instruction 102P3(a):
(i) The term “waiver” means the approval by the registrant of a material departure from a provision of the code
of ethics; and
(ii) The term “implicit waiver” means the registrant’s failure to take action within a reasonable period of time
regarding a material departure from a provision of the code of ethics that has been made known to an
executive officer, as defined in rule 3b-7 under the 1934 Act (17 CFR 240.3b-7), of the registrant.
(b) (1) Disclose that the registrant’s board of directors has determined that the registrant either:
(i) Has at least one audit committee financial expert serving on its audit committee; or
(ii) Does not have an audit committee financial expert serving on its audit committee.
(2) If the registrant provides the disclosure required by paragraph (b)(1)(i) of this Instruction 102P3, it must
disclose the name of the audit committee financial expert and whether that person is “independent.” In order
to be considered “independent” for purposes of this Instruction 102P3(b), a member of an audit committee may
22
not, other than in his or her capacity as a member of the audit committee, the board of directors, or any other
board committee:
(i) Accept directly or indirectly any consulting, advisory, or other compensatory fee from the issuer; or
(ii) Be an “interested person” of the investment company as defined in Section 2(a)(19) of the Act (15 U.S.C.
80a-2(a)(19)).
(3) If the registrant provides the disclosure required by paragraph (b)(1)(ii) of this Instruction 102P3, it must
explain why it does not have an audit committee financial expert.
(4) The information required by paragraphs (b)(1) – (3) of this Instruction 102P3 is only required in an annual report
on Form N-SAR.
(5) If the registrant’s board of directors has determined that the registrant has more than one audit committee
financial expert serving on its audit committee, the registrant may, but is not required to, disclose the names of
those additional persons. A registrant choosing to identify such persons must indicate whether they are
independent pursuant to paragraph (b)(2) of this Instruction 102P3.
(6) For purposes of this Instruction 102P3, an “audit committee financial expert” means a person who has the
following attributes:
(i) An understanding of generally accepted accounting principles and financial statements;
(ii) The ability to assess the general application of such principles in connection with the accounting for
estimates, accruals, and reserves;
(iii) Experience preparing, auditing, analyzing, or evaluating financial statements that present a breadth and
level of complexity of accounting issues that are generally comparable to the breadth and complexity of
issues that can reasonably be expected to be raised by the registrant’s financial statements, or experience
actively supervising one or more persons engaged in such activities;
(iv) An understanding of internal controls and procedures for financial reporting; and
(v) An understanding of audit committee functions.
(7) A person shall have acquired such attributes through:
(i) Education and experience as a principal financial officer, principal accounting officer, controller, public
accountant, or auditor or experience in one or more positions that involve the performance of similar
functions;
(ii) Experience actively supervising a principal financial officer, principal accounting officer, controller,
public accountant, auditor, or person performing similar functions;
(iii) Experience overseeing or assessing the performance of companies or public accountants with respect to the
preparation, auditing, or evaluation of financial statements; or
(iv) Other relevant experience.
(8) (i) A person who is determined to be an audit committee financial expert will not be deemed an “expert” for
any purpose, including without limitation for purposes of Section 11 of the 1933 Act (15 U.S.C. 77k), as a
result of being designated or identified as an audit committee financial expert pursuant to this Instruction
102P3(b).
(ii) The designation or identification of a person as an audit committee financial expert pursuant to this
Instruction 102P3(b) does not impose on such person any duties, obligations, or liability that are greater
23
than the duties, obligations, and liability imposed on such person as a member of the audit committee and
board of directors in the absence of such designation or identification.
(iii) The designation or identification of a person as an audit committee financial expert pursuant to this
Instruction 102P3(b) does not affect the duties, obligations, or liability of any other member of the audit
committee or board of directors.
(9) If a person qualifies as an audit committee financial expert by means of having held a position described in
paragraph (b)(7)(iv) of this Instruction 102P3, the registrant shall provide a brief listing of that person’s relevant
experience.
(c) Furnish any other information required to be included as an exhibit pursuant to such rules and regulations as the
Commission may prescribe.
ITEM 116: Family of investment companies
See instructions for item 19.
ITEM 117: The registrant is a separate account of an insurance company
If the registrant is an insurance company separate account registered as a UIT, it should answer items 117-132 only as
they apply to the UIT, and should not include in such answers any information about management investment companies
underlying the UIT.
ITEM 118: Series having effective registration statements
The answer to this item should state the total number of series of securities the registrant is offering as of the close of
the reporting period and that at any time in the past were the subject of effective registration statements under the 1933
Act. Include in this number all registrant series having effective registration statements, regardless of whether there is
a secondary market in the series’ units. If there is a single separate account UIT that invests in several underlying
management investment companies, the answer to this item would be “ 1.”
ITEM 119: New series having effective registration statements
If no new series were created during the period, the answer should be the numeral “0” (zero).
ITEM 120: Value of new series that became effective
This amount should be the total of the aggregate net asset value for each series whose registration statement became
effective during the period. Such aggregate net asset value should be the market value of the series’ (trust’) portfolio
based upon the offer side evaluation on the date of deposit (this amount may in some instances also be called the
aggregate offering price of the underlying securities in the portfolio). If the portfolio of a series consists of equity
securities, use the market value of the trust’s portfolio securities on the date of deposit.
ITEM 121: Series for which a current prospectus existed at the end of the period
“Prospectus” is defined in Section 2(10) of the 1933 Act. A current prospectus is one which meets the requirements of
Section 10 of the 1933 Act. If a current prospectus did not exist for any series at the end of the period, the answer to this
item should be “0” (zero).
ITEM 122: New units of old series
State the number of existing series which meet the following conditions: The sponsor, depositor or some other entity
deposited additional securities in the portfolio of an existing series of the registrant. Before selling additional units, such
entity obtained an effective registration statement or a post-effective amendment under the 1933 Act for the additional
units created to reflect the additional securities deposited. If no additional securities were deposited in an existing series,
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the answer to the item should be “0” (zero). The substitution of one or more new securities for one or more old securities
in the portfolio should not be reported in response to this item.
ITEM 123: Value of new securities deposited in existing series
The answer to this item should be the aggregate value of the additional securities that were placed into the portfolio of
the existing series identified in item 122. The aggregate value should be the market value of these additional securities
based upon the offer side evaluation on the date of deposit (this amount may in some instances also be called the
aggregate offering price of the new securities in the portfolio). If the additional securities added to the portfolio are
equity securities, use their market value on the date of deposit in determining the answer to this item.
ITEM 124: Value of units of prior series placed in portfolio of subsequent series
The value of units of a prior series that were placed into the portfolio of a subsequent series should be measured on the
day the units were deposited in the subsequent series and should be the value assigned to such units in the portfolio of
the subsequent series.
ITEM 125: Amount of sales loads collected
The answer to this item should reflect the total sales loads collected by the registrant’s principal underwriter and all
affiliated underwriters thereof from the sale of units in all series of registrant during the current period. Inventory gains
and losses incurred by underwriters while holding units for sale after they have been acquired from the trust should not
be considered in calculating total sales loads collected. Sales loads collected during both the initial public offering of
units and in secondary market operations should be included in making these calculations. The number reported for this
item should be the gross amount by such underwriters before any reallowances to other brokers or dealers.
ITEM 127: Classification of series and assets
Other corporate short-term debt securities referred to in sub-item 127G are securities with maturities of 12 months or
less.
For an explanation of broker or dealer debt, debt of parent’s of brokers or dealers, and equity securities of brokers or
dealers or their parents (sub-items 127E and 127H), see instructions for items 24 and 25.
Separate account UITs investing primarily in the shares of underlying management investment companies should
provide this answer in sub-item 127J.
ITEMS 128, 129 and 130: Insured or guaranteed securities
These three items request information about securities owned by any series of the registrant whose principal or interest
is insured or guaranteed by an entity other than the issuer. The insurance or guarantee may apply either to individual
securities in the portfolio or to the portfolio itself. The entity providing the insurance or guarantee may be either a
governmental or a nongovernmental entity. The insurance or guarantee may be derived through an insurance policy, a
letter of credit, a collateralization agreement, a put or repurchase agreement or a similar mechanism. If any of the
securities owned by the registrant are insured or guaranteed, answer “Yes” to item 128. If the issuer of any such insured
or guaranteed security is delinquent or in default as to payment of principal or interest at the end of the reporting period,
answer “Yes” to item 129. Item 130 requires information concerning only whether the insurance or guarantee is being
used in any way to value securities for which the issuer is delinquent or is in default as to payment of principal or interest.
This item does not require information about whether the value of securities not delinquent or in default may in part be
based upon some insurance or guarantee.
ITEM 132: “811” number of series included in filing
This item is to be used by any series of a UIT that had an “811” number assigned to it prior to September 1972. For more
information regarding this item, see the instruction to sub-item 1B.
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ITEM 133: Divestment of Securities.
This item may be used by a Registrant that divested itself of securities in accordance with Section 13(c) of the Investment
Company Act. A Registrant is not required to include disclosure under this item; however, the limitation on civil, criminal, and
administrative actions under Section 13(c) of the Investment Company Act does not apply with respect to a divestment that is not
disclosed under this item.
If a Registrant divests itself of securities in accordance with Section 13(c) of the Act during the period that begins on the fifth
business day before the date of filing a Form N-SAR and ends on the date of filing, it may disclose the divestment in either the
Form N-SAR or an amendment thereto that is filed not later than five business days after the date of filing the Form N-SAR.
For purposes of determining when a divestment should be reported under this item, if a Registrant divests its holdings in a
particular security in a related series of transactions, the Registrant may deem the divestment to occur at the time of the final
transaction in the series. In that case, the
Registrant should report each transaction in the series on a single Form N-SAR, but should separately state each date on which
securities were divested and the total number of shares or, for debt securities, principal amount divested, on each such date.
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Signature Page
The following form of signature shall follow items 79, 85, 88, 104, 110 or 132 as appropriate.
This report is signed on behalf of the registrant (or depositor or trustee).
City of:
State of:
Date:
Name of Registrant, Depositor, or Trustee:
By (Name and Title):
Witness (Name and Title):
SEC’s Collection of Information
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it
displays a currently valid control number. Filing of this Form is mandatory. Section 30 of the Investment Company Act
of 1940 (“1940 Act”) and the rules thereunder, and Sections 13 and 15(d) of the Securities Exchange Act of 1934 require
investment companies to file annual and periodic reports with the Commission. The Commission has specified Form
N-SAR for reports for investment companies. The Commission staff uses the information in performing inspections of
investment companies, selectively reviewing registration documents filed under the 1940 Act and the Securities Act of
1933 and conducting studies and other types of analyses necessary to keep the Commission’s regulatory program for
investment companies current in relation to changing industry conditions. The information collected on Form N-SAR is
publicly available. Any member of the public may direct to the Commission any comments concerning the accuracy of
the burden estimate of this Form and any suggestions for reducing the burden of the Form. This collection of information
has been reviewed by the Office of Management and Budget in accordance with the clearance requirements of 44 U.S.C.
§3507.
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| File Type | application/pdf |
| File Title | Form N-SAR |
| Subject | SEC2100, Date.modified: 2012-09-11 |
| Author | U.S. Securities and Exchange Commission |
| File Modified | 2012-09-11 |
| File Created | 2008-06-02 |