As filed with the Securities and Exchange Commission on March 21, 2013
1933 Act File No. 333-98485
1940 Act File No. 811-21186
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | [ ] |
Pre-Effective Amendment No. | [ ] |
Post-Effective Amendment No. 22 | [X] |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ] | |
Amendment No. 23 | [X] |
WILLIAMS CAPITAL MANAGEMENT TRUST
(Exact Name of Registrant as Specified in Charter)
570 Seventh Avenue
New York, New York 10018
(Address of Principal Executive Offices) (Zip Code)
(212) 373-4240
(Registrant's Telephone Number, including Area Code)
Dail St. Claire
Williams Capital Management
570 Seventh Avenue
New York, New York 10018
(Name and Address of Agent for Service)
With copies to:
Sidley Austin LLP
Frank P. Bruno
787 Seventh Avenue
New York, New York 10019
It is proposed that this filing will become effective (check appropriate box):
[X] | immediately upon filing pursuant to paragraph (b) of Rule 485 |
[ ] | on _______________ pursuant to paragraph (b) of Rule 485 |
[ ] | 60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
[ ] | on _______________ pursuant to paragraph (a)(1) of Rule 485 |
[ ] | 75 days after filing pursuant to paragraph (a)(2) of Rule 485 |
[ ] | on _______________ pursuant to paragraph (a)(2) of Rule 485 |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 (the “1933 Act”) and the Investment Company Act of 1940, as amended, the Registrant, Williams Capital Management Trust, hereby certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the 1933 Act and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York on this 21st day of March 2013.
WILLIAMS CAPITAL MANAGEMENT TRUST
By: | /s/ Dail St. Claire |
________________________ | |
Dail St. Claire | |
President, Williams Capital Management Trust |
SIGNATURES
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities stated and on the 21st day of March 2013.
Signature | Title | Date |
/s/Dail St. Claire | President and Secretary | 3/21/13 |
Dail St. Claire | of the Trust | |
/s/Christopher J. Williams | Trustee | 3/21/13 |
Christopher J. Williams | and Treasurer of the Trust | |
John E. Hull* | Trustee | 3/21/13 |
John E. Hull | ||
Desmond G. FitzGerald* | Trustee and Chairman of the Board | 3/21/13 |
Desmond G. FitzGerald | of Trustees | |
Brian J. Heidtke* | Trustee | 3/21/13 |
Brian J. Heidtke |
*By: | /s/Lisa R. Grosswirth | 3/21/13 |
Lisa R. Grosswirth | ||
as Attorney-in-Fact pursuant to Power of Attorney |
EXHIBIT LIST
Exhibit No. | Description |
EX-101.INSC | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema Document |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
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Label | Element | Value | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Williams Capital Liquid Assets Fund | ||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Williams Capital Liquid Assets Fund (the “Liquid Assets Fund” or the “Fund”), a series of Williams Capital Management Trust (the “Trust”), seeks to provide its shareholders with a level of current income that is consistent with the goals of preservation of capital and liquidity. |
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Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold Service Shares of the Liquid Assets Fund. |
||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment): | ||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): | ||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-03-01 | ||||||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Other Expenses are based on estimated amounts for the current fiscal year. | ||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example: | ||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Liquid Assets Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Service Shares of the Liquid Assets Fund for the time periods indicated and then redeem all of your Service Shares at the end of those periods. The Example also assumes that your investment has a 5% return and that the Service Shares’ operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies of the Fund | ||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Liquid Assets Fund invests in high-grade money market instruments including, but not limited to, U.S. Government obligations, bank obligations, commercial paper instruments and repurchase agreements. The Liquid Assets Fund considers securities in the top credit grades for short-term securities to be high-grade money market instruments. For each rating agency, the top short-term credit grades are defined as P-1 by Moody’s Investors Service and A-1+ and A-1 by Standard & Poor’s. |
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Risk [Heading] | rr_RiskHeading | Principal Risks of Investing in the Fund | ||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The prices of money market securities owned by the Liquid Assets Fund generally rise when interest rates fall and fall when interest rates rise. As a result, an increase in interest rates could cause the value of your investment to decline. An investment in the Liquid Assets Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Liquid Assets Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Liquid Assets Fund. |
||||||||
Risk Lose Money [Text] | rr_RiskLoseMoney | Although the Liquid Assets Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Liquid Assets Fund. | ||||||||
Risk Money Market Fund [Text] | rr_RiskMoneyMarketFund | An investment in the Liquid Assets Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Liquid Assets Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Liquid Assets Fund. | ||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Liquid Assets Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance Information | ||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | As of the date of this prospectus, the Liquid Assets Fund has not yet commenced operations, therefore no performance information is available. |
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Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | As of the date of this prospectus, the Liquid Assets Fund has not yet commenced operations, therefore no performance information is available. | ||||||||
Service Shares
|
||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||
Maximum Account Fee | rr_MaximumAccountFeeOverAssets | none | ||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.12% | ||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.30% | [1] | |||||||
Shareholder Servicing Fee | rr_Component1OtherExpensesOverAssets | 0.25% | [2] | |||||||
Other | rr_Component2OtherExpensesOverAssets | 0.45% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.70% | [3] | |||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.12% | ||||||||
Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.67%) | [4] | |||||||
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.45% | [4] | |||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 46 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 290 | ||||||||
|
Williams Capital Liquid Assets Fund | Williams Capital Liquid Assets Fund | |||||||||||||||||||||||||
Williams Capital Liquid Assets Fund | |||||||||||||||||||||||||
Investment Objective | |||||||||||||||||||||||||
Williams Capital Liquid Assets Fund (the “Liquid Assets Fund” or the “Fund”), a series of Williams Capital Management Trust (the “Trust”), seeks to provide its shareholders with a level of current income that is consistent with the goals of preservation of capital and liquidity. |
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Fees and Expenses of the Fund | |||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold Institutional Shares of the Liquid Assets Fund. |
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Shareholder Fees (fees paid directly from your investment): | |||||||||||||||||||||||||
|
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): | |||||||||||||||||||||||||
|
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Example: | |||||||||||||||||||||||||
This Example is intended to help you compare the cost of investing in the Liquid Assets Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Institutional Shares of the Liquid Assets Fund for the time periods indicated and then redeem all of your Institutional Shares at the end of those periods. The Example also assumes that your investment has a 5% return and that the Institutional Shares’ operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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|
|||||||||||||||||||||||||
Principal Investment Strategies of the Fund | |||||||||||||||||||||||||
The Liquid Assets Fund invests in high-grade money market instruments including, but not limited to, U.S. Government obligations, bank obligations, commercial paper instruments and repurchase agreements. The Liquid Assets Fund considers securities in the top credit grades for short-term securities to be high-grade money market instruments. For each rating agency, the top short-term credit grades are defined as P-1 by Moody’s Investors Service and A-1+ and A-1 by Standard & Poor’s. |
|||||||||||||||||||||||||
Principal Risks of Investing in the Fund | |||||||||||||||||||||||||
The prices of money market securities owned by the Liquid Assets Fund generally rise when interest rates fall and fall when interest rates rise. As a result, an increase in interest rates could cause the value of your investment to decline. An investment in the Liquid Assets Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Liquid Assets Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Liquid Assets Fund. |
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Performance Information | |||||||||||||||||||||||||
As of the date of this prospectus, the Liquid Assets Fund has not yet commenced operations, therefore no performance information is available. |