Filed with the Securities and Exchange Commission on December 19, 2012
Securities Act Registration No. 333-169806
Investment Company Act Registration No. 811-22483
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
¨
Pre-Effective Amendment No.
¨
Post-Effective Amendment No. 9
ý
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
¨
Amendment No. 10
ý
(Check appropriate box or boxes.)
Copeland Trust
(Exact Name of Registrant as Specified in Charter)
Eight Tower Bridge, 161 Washington Street, Suite 1650
Conshohocken, PA 19428
(Address of Principal Executive Offices)(Zip Code)
Registrants Telephone Number, including Area Code: (484) 530-4300
Corporate Filing Solutions LLC
1400 Peoples Plaza STE 104
Newark, Delaware 19702
(Name and Address of Agent for Service)
With copy to:
Michael P. Malloy, Esq.
One Logan Square, Suite 2000
Philadelphia, PA 19103-6996
Approximate date of proposed public offering: It is proposed that this filing will become effective:
x Immediately upon filing pursuant to paragraph (b)
o On (date) pursuant to paragraph (b)
o 60 days after filing pursuant to paragraph (a)(1)
o On (date) pursuant to paragraph (a)(1)
o 75 days after filing pursuant to paragraph (a)(2)
o On (date) pursuant to paragraph (a)(2) of Rule 485.
If appropriate, check the following box:
o This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this post-effective amendment No. 9 to the Registrants Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Conshohocken, State of Pennsylvania, on the 19th day of December, 2012.
Copeland Trust
By: /s/Barbara Grosso
Barbara Grosso
Secretary
Pursuant to the requirements of the Securities Act of 1933, this post-effective amendment to the Registration Statement has been signed below by the following persons in the capacities and on the 19th day of December, 2012.
Stephen M. Wynne*, Trustee
Bruce M. Aronow*, Trustee
Stephen J. Kneeley*, Trustee
Thomas A. Leonard*, Trustee
Edward C. Rorer*, Trustee
Eric C. Brown*, President and Principal Executive Officer
Mark W. Giovanniello*, Vice-President, Treasurer and Principal Financial Officer
*By: /s/Barbara Grosso
Barbara Grosso
Attorney-in-Fact
EXHIBIT INDEX
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Index No. |
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Description of Exhibit |
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EX-101.INS |
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XBRL Instance Document |
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EX-101.SCH |
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XBRL Taxonomy Extension Schema Document |
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EX-101.DEF |
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XBRL Taxonomy Extension Definition Linkbase |
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EX-101.LAB |
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XBRL Taxonomy Extension Labels Linkbase |
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EX-101.PRE |
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XBRL Taxonomy Extension Presentation Linkbase |
'0O:F%V87-C
| Copeland International Risk Managed Dividend Growth Fund | |||||||||||||||||||||||||||||||||||||||||||||||||
| Copeland International Risk Managed Dividend Growth Fund | |||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Objectives: | |||||||||||||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation and income while preserving capital in declining markets. |
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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 shares of the Fund. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional or in How to Purchase Shares on page 17 of this Prospectus and in “Purchase, Redemption and Pricing of Shares” on page 45 of the Fund’s Statement of Additional Information (“SAI”). |
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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. |
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| 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. Although your actual costs may be higher or lower, based upon 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 may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. |
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| Principal Investment Strategies: | |||||||||||||||||||||||||||||||||||||||||||||||||
The Fund seeks to achieve its investment objectives of producing long-term capital appreciation and income Under normal market conditions, the Fund invests at least 80% of its assets in securities that have increased their dividend for a minimum of five consecutive years. To manage risk, the adviser utilizes a quantitative model to determine when abnormal market conditions exist, which may lead to the investment of up to 100% of the portfolio in cash and cash equivalents The adviser sells securities when they no longer meet its fundamental dividend growth criteria or quantitative sector selection criteria. The adviser may engage in active and frequent trading to meet the Fund's investment objective. |
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| Principal Investment Risks: | |||||||||||||||||||||||||||||||||||||||||||||||||
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors affect the Fund's net asset value and performance. · Foreign Investing Risk: Investments in foreign countries are subject to country-specific risks such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability and policies that have the effect of decreasing the value of foreign securities. Foreign investments may experience greater volatility than U.S. investments. · Issuer-Specific Risk: The value of a specific security can be more volatile than the market as a whole and may perform worse than the market as a whole. · Limited History of Operation: The Fund is a new mutual fund and has a limited history of operation. · Management Risk: The adviser's dependence on its dividend growth and sector rotation strategies and judgments about the attractiveness, value and potential appreciation of particular securities in which the Fund invests may prove incorrect and may not produce the desired results. · Market Risk: Overall securities market risks may affect the value of individual securities in which the Fund invests. Factors such as foreign and domestic economic growth and market conditions, interest rate levels, and political events affect the securities markets. · REIT Risk: A REIT's performance depends on the types and locations of the rental properties it owns and on how well it manages those properties. Real estate values rise and fall in response to a variety of factors, including local, regional and national economic conditions, interest rates and tax considerations. · Return Tracking Risk: The Fund will not be able to replicate exactly the performance of IDVG because the returns generated by the Fund's securities will be reduced by transaction costs. In addition, the Fund will incur expenses, such as management fees, not incurred by IDVG. The adviser's judgments about the return tracking characteristics of securities may prove incorrect and may not produce the desired results. · Small and Medium Capitalization Risk: The value of a small or medium capitalization company securities may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. · Turnover Risk: A higher portfolio turnover will result in higher transactional and brokerage costs. Active trading of securities may also increase the Fund's realized capital gains or losses, which may increase the taxes you pay as a Fund shareholder and reduces after-tax returns if Fund shares are held in a taxable account. |
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| Performance: | |||||||||||||||||||||||||||||||||||||||||||||||||
Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. In the future, performance information will be presented in this section of the Prospectus. Also, shareholder reports containing financial and performance information will be mailed to shareholders semi-annually. Once the Fund has commenced operations, performance information can be obtained by calling 1-888-9-COPELAND. |
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| Label | Element | Value | ||||
|---|---|---|---|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |||||
| Risk/Return [Heading] | rr_RiskReturnHeading | Copeland International Risk Managed Dividend Growth Fund | ||||
| Objective [Heading] | rr_ObjectiveHeading | Investment Objectives: | ||||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks long-term capital appreciation and income while preserving capital in declining markets. |
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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 shares of the Fund. You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional or in How to Purchase Shares on page 17 of this Prospectus and in “Purchase, Redemption and Pricing of Shares” on page 45 of the Fund’s Statement of Additional Information (“SAI”). |
||||
| 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 | 2014-03-31 | ||||
| Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover: | ||||
| Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. |
||||
| Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Estimated for the Fund's 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 Fund with the cost of investing in other mutual funds. |
||||
| Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | 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. Although your actual costs may be higher or lower, based upon these assumptions your costs would be: | ||||
| Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies: | ||||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund seeks to achieve its investment objectives of producing long-term capital appreciation and income Under normal market conditions, the Fund invests at least 80% of its assets in securities that have increased their dividend for a minimum of five consecutive years. To manage risk, the adviser utilizes a quantitative model to determine when abnormal market conditions exist, which may lead to the investment of up to 100% of the portfolio in cash and cash equivalents The adviser sells securities when they no longer meet its fundamental dividend growth criteria or quantitative sector selection criteria. The adviser may engage in active and frequent trading to meet the Fund's investment objective. |
||||
| Risk [Heading] | rr_RiskHeading | Principal Investment Risks: | ||||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors affect the Fund's net asset value and performance. · Foreign Investing Risk: Investments in foreign countries are subject to country-specific risks such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability and policies that have the effect of decreasing the value of foreign securities. Foreign investments may experience greater volatility than U.S. investments. · Issuer-Specific Risk: The value of a specific security can be more volatile than the market as a whole and may perform worse than the market as a whole. · Limited History of Operation: The Fund is a new mutual fund and has a limited history of operation. · Management Risk: The adviser's dependence on its dividend growth and sector rotation strategies and judgments about the attractiveness, value and potential appreciation of particular securities in which the Fund invests may prove incorrect and may not produce the desired results. · Market Risk: Overall securities market risks may affect the value of individual securities in which the Fund invests. Factors such as foreign and domestic economic growth and market conditions, interest rate levels, and political events affect the securities markets. · REIT Risk: A REIT's performance depends on the types and locations of the rental properties it owns and on how well it manages those properties. Real estate values rise and fall in response to a variety of factors, including local, regional and national economic conditions, interest rates and tax considerations. · Return Tracking Risk: The Fund will not be able to replicate exactly the performance of IDVG because the returns generated by the Fund's securities will be reduced by transaction costs. In addition, the Fund will incur expenses, such as management fees, not incurred by IDVG. The adviser's judgments about the return tracking characteristics of securities may prove incorrect and may not produce the desired results. · Small and Medium Capitalization Risk: The value of a small or medium capitalization company securities may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. · Turnover Risk: A higher portfolio turnover will result in higher transactional and brokerage costs. Active trading of securities may also increase the Fund's realized capital gains or losses, which may increase the taxes you pay as a Fund shareholder and reduces after-tax returns if Fund shares are held in a taxable account. |
||||
| Risk Lose Money [Text] | rr_RiskLoseMoney | As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. | ||||
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance: | ||||
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. In the future, performance information will be presented in this section of the Prospectus. Also, shareholder reports containing financial and performance information will be mailed to shareholders semi-annually. Once the Fund has commenced operations, performance information can be obtained by calling 1-888-9-COPELAND. |
||||
| Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. | ||||
| Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 1-888-9-COPELAND | ||||
|
Copeland International Risk Managed Dividend Growth Fund Class A
|
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| Risk/Return: | rr_RiskReturnAbstract | |||||
| Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||
| Maximum Deferred Sales Charge (Load) (as a % of original purchase price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | ||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
| Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (1.00%) | ||||
| Management Fees | rr_ManagementFeesOverAssets | 1.10% | ||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
| Shareholder Service Fees | rr_Component1OtherExpensesOverAssets | none | ||||
| Other Operating Expenses | rr_Component2OtherExpensesOverAssets | 1.10% | ||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.10% | [1] | |||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.45% | ||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.85%) | [2] | |||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.60% | ||||
| Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. | ||||
| Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 728 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,218 | ||||
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Copeland International Risk Managed Dividend Growth Fund Class C
|
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| Risk/Return: | rr_RiskReturnAbstract | |||||
| Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
| Maximum Deferred Sales Charge (Load) (as a % of original purchase price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
| Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (1.00%) | ||||
| Management Fees | rr_ManagementFeesOverAssets | 1.10% | ||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||
| Shareholder Service Fees | rr_Component1OtherExpensesOverAssets | none | ||||
| Other Operating Expenses | rr_Component2OtherExpensesOverAssets | 1.10% | ||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.10% | [1] | |||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.20% | ||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.85%) | [2] | |||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 2.35% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 238 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 907 | ||||
|
Copeland International Risk Managed Dividend Growth Fund Class I
|
||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||
| Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
| Maximum Deferred Sales Charge (Load) (as a % of original purchase price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
| Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (1.00%) | ||||
| Management Fees | rr_ManagementFeesOverAssets | 1.10% | ||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
| Shareholder Service Fees | rr_Component1OtherExpensesOverAssets | 0.10% | ||||
| Other Operating Expenses | rr_Component2OtherExpensesOverAssets | 1.10% | ||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.20% | [1] | |||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.30% | ||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.85%) | [2] | |||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.45% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 148 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 637 | ||||
|
||||||
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Prospectus Date | rr_ProspectusDate | Dec. 10, 2012 |
|
Document and Entity Information
|
0 Months Ended |
|---|---|
|
Nov. 30, 2012
|
|
| Risk/Return: | |
| Document Type | 485BPOS |
| Document Period End Date | Nov. 30, 2012 |
| Registrant Name | Copeland Trust |
| Central Index Key | 0001502745 |
| Amendment Flag | false |
| Document Creation Date | Dec. 07, 2012 |
| Document Effective Date | Dec. 07, 2012 |
| Prospectus Date | Dec. 10, 2012 |