As filed with the Securities and Exchange Commission on November 20, 2012
Registration Nos.: 2-71558
811-3165
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 x
Pre-Effective Amendment No. o
Post-Effective Amendment No. 40 x
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940 x
Amendment No. 41 x
Active Assets Government Securities Trust
(a Massachusetts business trust)
(Exact Name of Registrant as Specified in Charter)
522 Fifth Avenue
New York, New York 10036
(Address of Principal Executive Office)
Registrant's Telephone Number, Including Area Code: (212) 296-6970
Stefanie V. Chang Yu, Esq.
522 Fifth Avenue
New York, New York 10036
(Name and Address of Agent for Service)
Copy to:
|
Carl Frischling, Esq. Kramer Levin Naftalis & Frankel LLP 1177 Avenue of the Americas New York, New York 10036 |
Stuart M. Strauss, Esq. Dechert LLP 1095 Avenue of the Americas New York, New York 10036 |
||||||||||
Approximate Date of Proposed Public Offering:
As soon as practicable after this Post-Effective Amendment becomes effective.
It is proposed that this filing will become effective (check appropriate box):
|
X |
Immediately upon filing pursuant to paragraph (b) |
||||||||||
|
On October 31, 2012 pursuant to paragraph (b) |
|||||||||||
|
60 days after filing pursuant to paragraph (a)(1) |
|||||||||||
|
On (date) pursuant to paragraph (a)(1) |
|||||||||||
|
75 days after filing pursuant to paragraph (a)(2) |
|||||||||||
|
On (date) pursuant to paragraph (a)(2) of Rule 485. |
|||||||||||
Amending the Prospectus and Updating Financial Statements
If appropriate, check the following box:
|
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 the Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 20th day of November, 2012.
|
ACTIVE ASSETS GOVERNMENT SECURITIES TRUST | ||||
|
|
| |||
|
|
By: |
|
/s/ KEVIN KLINGERT |
|
|
|
|
Kevin Klingert | ||
|
|
|
President and Principal Executive Officer | ||
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 40 has been signed below by the following persons in the capacities and on the dates indicated.
|
Signatures |
|
Title |
|
Date | |||
|
|
|
|
|
|
| ||
|
(1) |
Principal Executive Officer |
|
President and Principal |
|
| ||
|
|
|
|
Executive Officer |
|
| ||
|
|
|
|
|
|
| ||
|
By: |
|
/s/ KEVIN KLINGERT |
|
|
|
| |
|
|
|
Kevin Klingert |
|
|
|
| |
|
|
|
|
|
|
November 20, 2012 | ||
|
|
|
|
|
|
| ||
|
(2) |
Principal Financial Officer |
|
Chief Financial Officer |
|
| ||
|
|
|
|
|
|
| ||
|
By: |
/s/ FRANCIS J. SMITH |
|
|
|
| ||
|
|
|
Francis J. Smith |
|
|
|
| |
|
|
|
|
|
|
November 20, 2012 | ||
|
|
|
|
|
|
| ||
|
(3) |
Majority of the Trustees |
|
|
|
| ||
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||
|
|
Michael Bozic |
|
|
|
|
| |
|
|
Manuel H. Johnson |
|
|
|
|
| |
|
|
Joseph J. Kearns |
|
|
|
|
| |
|
|
Michael E. Nugent (Chairman) |
|
|
|
| ||
|
|
Fergus Reid |
|
|
|
| ||
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||
|
By: |
/s/ CARL FRISCHLING |
|
|
|
| ||
|
|
|
Carl Frischling |
|
|
|
| |
|
|
|
Attorney-in-Fact |
|
|
|
| |
|
|
|
|
|
|
November 20, 2012 | ||
EXHIBIT INDEX
|
Index No. |
|
Description of Exhibit |
|
|
|
|
|
EX-101.INS |
|
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 |
| Label | Element | Value | ||
|---|---|---|---|---|
| Risk Return [Abstract] | rr_RiskReturnAbstract | |||
| ProspectusDate | rr_ProspectusDate | Oct. 31, 2012 | ||
|
ACTIVE ASSETS GOVERNMENT SECURITIES TRUST (Prospectus Summary) | ACTIVE ASSETS GOVERNMENT SECURITIES TRUST
|
||||
| Risk Return [Abstract] | rr_RiskReturnAbstract | |||
| Risk/Return [Heading] | rr_RiskReturnHeading | Active Assets Government Securities Trust | ||
| Objective [Heading] | rr_ObjectiveHeading | Investment Objectives | ||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Active Assets Government Securities Trust is a money market fund that seeks to provide high current income, preservation of capital and liquidity. |
||
| Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The Fund is a no-load fund. The Fund does not impose any sales charges. |
||
| 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 | These fee waivers and/or expense reimbursements will continue for at least one year or until such time as the Fund's Board of Trustees acts to discontinue all or a portion of such waivers and/or expense reimbursements when it deems such action appropriate. | ||
| Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The example below 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, your investment has a 5% return each year, and the Fund's 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 | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests in high quality, short-term U.S. government securities. In selecting investments, the Adviser and/or Morgan Stanley Investment Management Limited ("Sub-Adviser") seek to maintain the Fund's share price at $1.00. The U.S. government securities that the Fund may purchase include: U.S Treasury bills, notes and bonds, all of which are direct obligations of the U.S. Government; securities issued by agencies and instrumentalities of the U.S. Government, which are backed by the full faith and credit of the United States; securities issued by agencies and instrumentalities which are not backed by the full faith and credit of the United States, but whose issuing agency or instrumentality has the right to borrow from the U.S. Treasury to meet its obligations; securities issued by agencies and instrumentalities which are backed solely by the credit of the issuing agency or instrumentality; and securities guaranteed under the FDIC Temporary Liquidity Guarantee Program. The Fund also may invest up to 10% of its assets in FDIC insured certificates of deposit of banks and savings and loan institutions. In addition, the Fund may invest in repurchase agreements. |
||
| Risk [Heading] | rr_RiskHeading | Principal Risks | ||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | There is no assurance that the Fund will achieve its investment objectives. Although the Fund seeks to preserve the value of your investment at $1.00 per share, if it is unable to do so, it is possible to lose money by investing in the Fund. The principal risks of investing in the Fund include: • Credit and Interest Rate Risk. Debt obligations, such as bonds, are subject to two types of risk: credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a security will be unable to make interest payments and/or repay the principal on its debt. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. • U.S. Government Securities. With respect to U.S. government securities that are not backed by the full faith and credit of the United States, there is the risk that the U.S. Government will not provide financial support to such U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. • Repurchase Agreements. Repurchase agreements are subject to risks associated with the possibility of default by the seller at a time when the collateral has declined in value, or insolvency of the seller, which may affect the Fund's right to control the collateral and result in certain costs and delays. Shares of the Fund are not bank deposits and are not guaranteed or insured by the FDIC or any other government agency. |
||
| Risk Money Market Fund [Text] | rr_RiskMoneyMarketFund | Although the Fund seeks to preserve the value of your investment at $1.00 per share, if it is unable to do so, it is possible to lose money by investing in the Fund. | ||
| Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | Shares of the Fund are not bank deposits and are not guaranteed or insured by the FDIC or any other government agency. | ||
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Past Performance | ||
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing the Fund's average annual returns for the one, five and 10 year periods. The Fund's past performance does not indicate how the Fund will perform in the future. |
||
| Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing the Fund's average annual returns for the one, five and 10 year periods. | ||
| Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance does not indicate how the Fund will perform in the future. | ||
| Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns--Calendar Years | ||
| Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | The year-to-date total return as of September 30, 2012 was 0.01%. High Quarter 9/30/06 1.16% Low Quarter 6/30/09 0.00% |
||
| Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | For the Fund's most recent 7-day annualized yield you may call toll-free (800) 869-NEWS. |
||
| Caption | rr_AverageAnnualReturnCaption | Average Annual Total Returns (as of December 31, 2011) | ||
| Money Market Seven Day Yield Phone | rr_MoneyMarketSevenDayYieldPhone | (800) 869-NEWS | ||
|
ACTIVE ASSETS GOVERNMENT SECURITIES TRUST (Prospectus Summary) | ACTIVE ASSETS GOVERNMENT SECURITIES TRUST | ACTIVE ASSETS GOVERNMENT SECURITIES TRUST
|
||||
| Risk Return [Abstract] | rr_RiskReturnAbstract | |||
| Advisory Fee | rr_ManagementFeesOverAssets | 0.45% | ||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.10% | ||
| Other Expenses | rr_OtherExpensesOverAssets | 0.15% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.70% | ||
| Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | (0.59%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 0.11% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 11 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 35 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 62 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 141 | ||
| Annual Return 2002 | rr_AnnualReturn2002 | 1.25% | ||
| Annual Return 2003 | rr_AnnualReturn2003 | 0.60% | ||
| Annual Return 2004 | rr_AnnualReturn2004 | 0.79% | ||
| Annual Return 2005 | rr_AnnualReturn2005 | 2.63% | ||
| Annual Return 2006 | rr_AnnualReturn2006 | 4.39% | ||
| Annual Return 2007 | rr_AnnualReturn2007 | 4.64% | ||
| Annual Return 2008 | rr_AnnualReturn2008 | 1.99% | ||
| Annual Return 2009 | rr_AnnualReturn2009 | 0.01% | ||
| Annual Return 2010 | rr_AnnualReturn2010 | 0.01% | ||
| Annual Return 2011 | rr_AnnualReturn2011 | 0.01% | ||
| Year to Date Return, Label | rr_YearToDateReturnLabel | The year-to-date total return | ||
| Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||
| Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 0.01% | ||
| Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | High Quarter | ||
| Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2006 | ||
| Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 1.16% | ||
| Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Low Quarter | ||
| Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Jun. 30, 2009 | ||
| Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | 0.00% | ||
| 1 Year | rr_AverageAnnualReturnYear01 | 0.01% | ||
| 5 Years | rr_AverageAnnualReturnYear05 | 1.32% | ||
| 10 Years | rr_AverageAnnualReturnYear10 | 1.62% | ||
|
||||