As filed with the Securities and Exchange Commission on November 21, 2012
1933 Act Registration No. 333-133691
1940 Act Registration No. 811-21897
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment o
Post-Effective Amendment No. 12 x
and/or
REGISTRATION STATEMENT
UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 15 x
(Check appropriate box or boxes)
THE ROXBURY FUNDS
(Exact Name of Registrant as Specified in Charter)
6001 Shady Oak Road, Suite 200
Minnetonka, MN 55343
(Address of Principal Executive Offices, including Zip Code)
(800) 497-2960
(Registrants Telephone Number, including Area Code)
Brian C. Beh
Roxbury Capital Management, LLC
6001 Shady Oak Road, Suite 200
Minnetonka, MN 55343
(Name and Address of Agent for Service)
COPY TO:
Michael P. Malloy, Esq.
Drinker Biddle & Reath LLP
One Logan Square
Suite 2000
Philadelphia, PA 19103-6996
It is proposed that this filing will become effective (check appropriate box):
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Immediately upon filing pursuant to paragraph (b) |
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On (date) pursuant to paragraph (b) |
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60 days after filing pursuant to paragraph (a)(1) |
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On (date) pursuant to paragraph (a)(1) |
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75 days after filing pursuant to paragraph (a)(2) |
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On (date) pursuant to paragraph (a)(2) of Rule 485. |
If appropriate, check the following box:
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
Explanatory Note
This Post-Effective Amendment No. 12 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in the prospectus in Post-Effective Amendment No. 11 to the Funds Registration Statement.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended (the 1933 Act), and the Investment Company Act of 1940, as amended, the Registrant 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 No. 12 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Minnetonka, and State of Minnesota, on the 21st day of November, 2012.
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THE ROXBURY FUNDS | |
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By: |
/s/ Brian C. Beh |
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Name: Brian C. Beh | |
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Title: President | |
Pursuant to the requirements of the 1933 Act, this Amendment to the Registration Statement on Form N-1A has been signed below by the following persons in the capacities and on the dates indicated.
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SIGNATURE |
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DATE |
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* Kenneth Gudorf |
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Trustee and Chairman of the Board |
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November 21, 2012 |
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Kenneth Gudorf |
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* John Otterlei |
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Trustee |
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November 21, 2012 |
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John Otterlei |
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/s/ Brian C. Beh |
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President and Chief Compliance Officer |
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November 21, 2012 |
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Brian C. Beh |
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/s/ Brooke Clements |
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Treasurer |
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November 21, 2012 |
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Brooke Clements |
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*By: |
/s/ Brian C. Beh |
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Brian C. Beh |
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Attorney-In-Fact (pursuant to Power of Attorney) |
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THE ROXBURY FUNDS
POWER OF ATTORNEY
Know All Men by These Presents, that the undersigned, John Otterlei, hereby constitutes and appoints Brian C. Beh and Michael P. Malloy, his true and lawful attorneys, to execute in his name, place, and stead, in his capacity as Trustee or officer, or both, of The Roxbury Funds, the Registration Statement on Form N-1A and any amendments thereto and all instruments necessary or incidental in connection therewith, and to file the same with the Securities and Exchange Commission; and said attorneys shall have full power and authority to do and perform in his name and on his behalf, in any and all capacities, every act whatsoever requisite or necessary to be done in the premises, as fully and to all intents and purposes as he might or could do in person, said acts of said attorneys being hereby ratified and approved.
DATED: June 6, 2006
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/s/ John Otterlei |
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John Otterlei |
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THE ROXBURY FUNDS
POWER OF ATTORNEY
Know All Men by These Presents, that the undersigned, Kenneth Gudorf, hereby constitutes and appoints Brian C. Beh and Michael P. Malloy, his true and lawful attorneys, to execute in his name, place, and stead, in his capacity as Trustee or officer, or both, of The Roxbury Funds, the Registration Statement on Form N-1A and any amendments thereto and all instruments necessary or incidental in connection therewith, and to file the same with the Securities and Exchange Commission; and said attorneys shall have full power and authority to do and perform in his name and on his behalf, in any and all capacities, every act whatsoever requisite or necessary to be done in the premises, as fully and to all intents and purposes as he might or could do in person, said acts of said attorneys being hereby ratified and approved.
DATED: June 6, 2006
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/s/ Kenneth Gudorf |
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Kenneth Gudorf |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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101.INS |
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XBRL Instance Document |
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101.SCH |
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XBRL Taxonomy Extension Schema Document |
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101.CAL |
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XBRL Taxonomy Extension Calculation Linkbase |
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101. DEF |
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XBRL Taxonomy Extension Definition Linkbase |
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101. LAB |
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XBRL Taxonomy Extension Label Linkbase |
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101.PRE |
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XBRL Taxonomy Extension Presentation Linkbase |
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| Roxbury/Mar Vista Strategic Growth Fund (Prospectus Summary) | Roxbury/Mar Vista Strategic Growth Fund | ||||||||||||||||||||||||||||
| SUMMARY SECTION - Roxbury/Mar Vista Strategic Growth Fund | ||||||||||||||||||||||||||||
| Investment Objective | ||||||||||||||||||||||||||||
| The Roxbury/Mar Vista Strategic Growth Fund (the "Strategic Growth Fund" or the "Fund") seeks superior long-term growth of capital. |
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| FEES AND EXPENSES OF THE FUND | ||||||||||||||||||||||||||||
| The table below describes the fees and expenses that you may pay if you buy and hold shares of the Strategic Growth 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 Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same (taking into account the contractual fee waiver/expense reimbursement through November 1, 2014). Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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| PORTFOLIO TURNOVER | ||||||||||||||||||||||||||||
| The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 27% of the average value of its portfolio. |
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| PRINCIPAL INVESTMENT STRATEGIES | ||||||||||||||||||||||||||||
| The Strategic Growth Fund, under normal market conditions, invests in equity securities that are judged by the Fund's sub-adviser, Mar Vista Investment Partners, LLC ("Mar Vista"), to have strong growth characteristics and that are undervalued in the marketplace. Under normal circumstances, the Fund will invest primarily (at least 65% of its net assets) in large capitalization securities with a market capitalization which at the time of purchase is consistent with the capitalization ranges of the Russell 1000® Growth Index and S&P 500® Index ("large-cap companies"). The Fund may also invest up to 35% in securities of companies in other capitalization ranges, including small and mid-capitalization stocks. In selecting securities, Mar Vista, seeks to invest in large-cap businesses that it believes can grow excess returns on capital into the future and which Mar Vista believes trade at a discount to the value of the companies. Mar Vista utilizes a bottom-up stock selection process to identify growth businesses with a sustainable competitive advantage. Mar Vista generally sells stocks when it believes the risk/reward characteristics turn negative, the fundamentals deteriorate, a more attractive investment is identified, or it achieves Mar Vista's estimate of fair value. The Fund maintains a portfolio of approximately 30-50 stocks. However, the actual amount of the portfolio holdings may vary due to market conditions. Holdings are generally spread across a number of industries/sectors but may have a higher concentration in sectors that Mar Vista believes have greater investment opportunities. The Fund may purchase securities of companies engaged in initial public offerings ("IPOs"). The Fund may from time to time invest in foreign securities including American Depositary Receipts. As of June 30, 2012, the range of market capitalizations represented by companies in the Russell 1000® Growth Index was between $300 million and $546 billion and, as of September 30, 2012, the S&P 500® Index had a minimum market capitalization of $4 billion. Due to market price adjustments or other events after the time of purchase, it is possible that a company's market capitalization may drift above or below this range. Nevertheless, a company whose capitalization no longer meets this definition after purchase continues to be considered to have a large capitalization for purposes of the 65% policy. |
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| PRINCIPAL RISKS | ||||||||||||||||||||||||||||
| An investment in the Fund is subject to the principal risks summarized below, which are further described under "Additional Risk Information." • It is possible to lose money by investing in the Fund. There is no guarantee that stocks in general or the specific securities that the Fund buys will increase in value. • The Fund's share price will fluctuate in response to changes in market value of the Fund's underlying investments. Market value changes result from business developments affecting an issuer as well as general market and economic conditions. • Growth stocks are typically priced higher than other stocks, in relation to earnings and other measures, because investors believe they have more growth potential. If Mar Vista's assessment of a company's prospects for earnings growth or how other investors will value the company's earnings growth is incorrect, the price of the stock may fail to reach the value Mar Vista has placed on it. Growth stock prices tend to fluctuate more dramatically than the overall stock market. • Small-cap and mid-cap companies may be more vulnerable than large-cap companies to adverse business or economic developments, their securities may be less liquid and more volatile than securities of larger companies, and they may suffer significant losses. Small-cap and mid-cap companies may also be more difficult to value than large-cap companies. • Investments in a foreign market are subject to foreign security risk. A change in value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency and of any income or distributions the Fund may receive on those securities. Additionally, the value of foreign investments may be affected by exchange control regulations, expropriation or nationalization of a company's assets, foreign taxes, higher transaction and other costs, delays in settlement of transactions, changes in economic or monetary policy in the U.S. or abroad, or other political and economic factors. • The price of securities purchased in IPOs can be very volatile. The effect of IPO investments on the Fund's performance depends on a variety of factors, including the number of IPOs the Fund invests in relative to the size of the Fund, and whether and to what extent a security purchased in an IPO appreciates or depreciates in value. • The performance of the Fund will depend on whether or not Mar Vista is successful in pursuing the Fund's investment strategies. |
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| PERFORMANCE INFORMATION | ||||||||||||||||||||||||||||
| Performance information is not available for the Fund because it has not yet been in operation for a full calendar year. When available, the performance information will give you some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance. |
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