485BPOS
2012-06-30
0000794801
2012-10-31
PRIMARY TREND FUND INC
false
2012-10-30
2012-10-31
<tt>The Primary Trend Fund pays transaction costs, such as commissions, when it buys<br />and sells securities (or "turns over" its portfolio). A higher portfolio turnover <br />rate may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not reflected <br />in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. <br />During the most recent fiscal year, the Fund's portfolio turnover rate was 57% of <br />the average value of its portfolio.</tt>
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<tt>The Primary Trend Fund seeks capital growth and income.</tt>
<tt>This Example is intended to help you compare the cost of investing in The<br />Primary Trend Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods<br />indicated and then redeem all of your shares at the end of these periods. <br />The Example also assumes that your investment has a 5% return each year and <br />that the Fund's operating expenses equal to the Net Expenses for the first <br />year and equal to the Total Annual Fund Operating Expenses for the remaining <br />years. Although your actual costs may be higher or lower, based on these <br />assumptions your costs would be:</tt>
reflects no deductions for fees, expenses or taxes
<tt>The Primary Trend Fund invests primarily in common stocks of United States<br />companies. Most, but not all, of its common stock investments pay dividends. <br />Typically, the Fund invests in well-established mid- to large-capitalization <br />companies (market capitalizations of $3 billion or more) having an operating <br />history of ten or more years. The Fund's investment adviser favors "value" <br />stocks and shuns stocks where the price reflects a premium because of their <br />popularity. The Fund's investment adviser considers a number of financial <br />characteristics such as earnings growth, book value, dividends, asset value <br />and liquidation value in determining whether or not a company's stock is <br />undervalued. The Fund sells companies that no longer meet its investment<br />criteria, or if the investment adviser believes better investment opportunities <br />are available.</tt>
The Primary Trend Fund
Example
The after-tax returns are calculated using the historical highest individual
federal marginal income tax rates and do not reflect the impact of state and
local taxes.
Investment Objective
Please remember that the Fund's past performance (before and after taxes) is
not necessarily an indication of its future performance.
Investors in The Primary Trend Fund may lose money.
Principal Risks of Investing in The Primary Trend Fund
Shareholder Fees (fees paid directly from your investment)
The Fund's returns after taxes on distributions and sale of Fund shares
may be higher than its returns after taxes on distributions because they
include a tax benefit resulting from the capital losses that may have
been incurred.
0.57
Actual after-tax returns depend on an investor's tax situation and may differ
from those shown and the after-tax returns shown are not relevant to investors
who hold their Fund shares through tax - deferred arrangements, such as 401(k)
plans or individual retirement accounts.
The Primary Trend Fund (Total return per calendar year)
Performance Information
<tt>The after-tax returns are calculated using the historical highest individual federal <br />marginal income tax rates and do not reflect the impact of state and local taxes. <br />Actual after-tax returns depend on an investor's tax situation and may differ from <br />those shown and the after-tax returns shown are not relevant to investors who hold <br />their Fund shares through tax - deferred arrangements, such as 401(k) plans or <br />individual retirement accounts. The Fund's returns after taxes on distributions and <br />sale of Fund shares may be higher than its returns after taxes on distributions <br />because they include a tax benefit resulting from the capital losses that may have <br />been incurred.</tt>
The bar chart and table that follow provide some indication of the risks of investing in The Primary Trend Fund.
<tt>Note: During the ten year period shown on the bar chart, the Fund's highest total  <br />      return for a quarter was 16.26% (quarter ended June 30, 2003) and the lowest <br />      total return for a quarter was -19.36% (quarter ended December 31, 2008). <br /><br />The Fund's 2012 year to date total return is 9.76% (January 1, 2012 through the <br />quarter ended September 30, 2012).</tt>
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Average Annual Total Returns (for the periods ending December 31, 2011)
Portfolio Turnover
<tt>Investors in The Primary Trend Fund may lose money. There are risks associated<br />with investments in the types of securities in which the Fund invests. These<br />risks include:<br /><br />  • Market Risk: The prices of the securities in which the Fund invests may       <br />    decline for a number of reasons. The price declines of common stocks and bonds<br />    may be steep, sudden and/or prolonged. <br />  <br />  • Value Investing Risk: The Fund primarily invests in "value" stocks. The Fund's<br />    investment adviser may be wrong in its assessment of a company's value and the<br />    stocks the Fund holds may not reach what the investment adviser believes are  <br />    their full values. From time to time, "value" investing falls out of favor    <br />    with investors. During these periods, the Fund's relative performance may lag. <br />  <br />  • Medium Capitalization Companies' Risk: The securities of medium capitalization<br />    companies generally trade in lower volumes than those of large capitalization <br />    companies and tend to be more volatile because medium capitalization companies<br />    tend to be more susceptible to adverse business or economic events than larger<br />    more established companies. <br /><br />Because of these risks, the Fund is a suitable investment only for those investors <br />who have long-term investment goals. Prospective investors who are uncomfortable <br />with an investment that will fluctuate in value should not invest in the Fund.</tt>
Fund Fees and Expenses
Principal Investment Strategies of The Primary Trend Fund
(http://www.primarytrendfunds.com
<tt>The bar chart and table that follow provide some indication of the risks of<br />investing in The Primary Trend Fund. The bar chart shows changes in the Fund's<br />performance from year to year. The table shows how the Fund's average annual<br />returns over 1, 5, and 10 years compare with those of a broad measure of market<br />performance. Please remember that the Fund's past performance (before and after<br />taxes) is not necessarily an indication of its future performance. Updated<br />performance information is available on the Fund's website<br />(http://www.primarytrendfunds.com).</tt>
<tt>The table below describes the fees and expenses that you may pay if you buy and<br />hold shares of The Primary Trend Fund:</tt>
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S&P 500® Index (reflects no deductions for fees, expenses or taxes)
0.0211
-0.0025
0.0292
Return after taxes on distributions and sale of Fund shares
0.0035
-0.0048
0.0261
Return after taxes on distributions
0.0036
-0.0114
0.0244
PTFDX
-0.1263
0
lowes total return
highest total return
0.00
2012-09-30
0
Return before taxes
203
2003-06-30
627
-0.1936
0.0822
-0.0006
0.0990
2327
1078
0.0075
0.1626
0.0042
0.0132
-0.2647
0.0074
2008-12-31
0.1890
-0.0056
0.0110
The Fund's 2012 year to date total return
0.0042
0.00
0.2691
0.00
0.0312
0.0200
0.0206
0.1524
0.0976
0.00
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The Fund's investment advisory agreement contains an expense limitation provision that provides that total operating expenses of the Fund, not including federal, state and local taxes, interest, brokerage commissions and extraordinary items, may not exceed 2.00% of the Fund's average daily net assets. The investment advisory agreement remains in effect indefinitely as long as its continuance is specifically approved at least annually by the board of directors of the Fund, including a majority of those directors who are not interested persons of the Fund. Upon sixty days' written notice, the investment advisory agreement may be terminated by the Fund or the Fund's investment adviser. Pursuant to an expense reimbursement recoupment agreement between the Fund and the investment adviser, the Fund will repay the investment adviser for amounts waived or reimbursed but only if the amounts can be recaptured within three years and without causing the Fund's total annual operating expenses to exceed the expense limitation of 2.00%.