As filed with the Securities and Exchange Commission on April 11, 2013.
Registration No. 33-6418
1940 Act File No. 811-4946
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ¨ | |
Pre-Effective Amendment No. | ¨ | |
Post-Effective Amendment No. 36 | ý | |
and/or | ||
REGISTRATION STATEMENT UNDER THE | ||
INVESTMENT COMPANY ACT OF 1940 | ¨ | |
Amendment No. 38 | ý | |
(Check Appropriate box or boxes) |
Thompson IM Funds, Inc.
(Exact Name of Registrant as Specified in Charter)
918 Deming Way
3rd Floor
Madison, Wisconsin 53717
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (608) 827-5700
John W. Thompson
918 Deming Way
3rd Floor
Madison, Wisconsin 53717
(Name and Address of Agent for Service)
Copy to:
Fredrick G. Lautz, Esq.
Quarles & Brady LLP
411 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
It is proposed that this filing will become effective (check appropriate box):
ý immediately upon filing pursuant to paragraph (b)
¨ on (date) 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
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 and the Investment Company Act, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Madison, and State of Wisconsin, on the 11th day of April, 2013.
THOMPSON IM FUNDS, INC. | ||
By | /s/ John W. Thompson | |
John W. Thompson | ||
Director, Chief Executive Officer and President |
Pursuant to the requirements of the Securities Act, this Amendment to the Registration Statement has been signed below on this 11th day of April, 2013 by the following persons in the capacities indicated.
John W. Thompson Director, Chief Executive Officer and President (Principal Executive Officer) |
/s/ John W. Feldt* John W. Feldt Chairman
|
Penny Hubbard Chief Financial Officer (Principal Financial Officer) |
Patricia Lipton Director
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/s/ George E. Austin * George E. Austin Director
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/s/ Jason L. Stephens * Jason L. Stephens Director |
*By: /s/ John W. Thompson
John W. Thompson
* Pursuant to Power of Attorney
EXHIBIT INDEX
Index No. | Description of Exhibit |
EX- 101.INS | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
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Thompson MidCap Fund (Prospectus Summary) | Thompson MidCap Fund | |||||||||||||||||||||||||
Thompson MidCap Fund |
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Investment Objective. |
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The MidCap Fund seeks a high level of long-term capital appreciation by investing in securities of medium-sized companies. |
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Fees and Expenses of the MidCap Fund. |
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This table describes the fees and expenses that you may pay if you buy and hold shares of the MidCap 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 |
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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. |
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Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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Portfolio Turnover |
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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 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. During the most recent fiscal year, the Fund’s portfolio turnover rate was 44% of the average value of its portfolio. |
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Principal Investment Strategies of the Fund. |
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The MidCap Fund normally invests at least 80% of its net assets plus any borrowing for investment purposes in a diversified portfolio of equity securities of medium-sized companies that at the time of purchase fall within the 12-month average of the capitalization ranges of stocks in the Russell Midcap Index, the Fund’s benchmark. Although market capitalizations are constantly changing, as of December 31, 2012, the Russell Midcap Index included companies with market capitalizations between $313 million and $25 billion. The Fund’s equity investments included within this 80% may include common stocks, American Depositary Receipts (ADRs), and real estate investment trusts (REITs). We invest in equity securities that possess most of the following characteristics:
We also generally seek to identify investment opportunities in equity securities of companies that we believe have above-average potential for earnings and dividend growth. To achieve a better risk-adjusted return on its equity investments, the MidCap Fund invests in a diversified portfolio of companies, including companies from a blend of industries and style classes. We believe that holding a diverse group of stocks will provide competitive returns under different market environments relative to more narrow investment styles. Our flexible approach to equity investing enables us to adapt to changing market trends and conditions and to invest wherever we believe opportunity exists. |
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Principal Risks of Investing in the Fund. |
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Like all investments, an investment in the MidCap Fund is subject to risks, and you could lose money investing in the Fund. The Fund could fail to achieve its investment objective. The MidCap Fund is suitable if you are looking for capital appreciation by investing in a diverse group of medium-sized companies and have a long-term perspective. An investment in the MidCap Fund typically is subject to the following principal risks:
Market Risk. It is possible that the Fund’s share price and total return may decline as a result of a decline in the value of its portfolio of equity securities. The equity securities in which the MidCap Fund invests fluctuate in value due to changes in the securities markets, general economic conditions and factors that particularly affect the issuers of these securities and their industries.
Midcap Risk. The medium-sized companies in which the MidCap Fund invests often have greater price volatility, lower trading volume and less liquidity than larger, more-established companies. As a class, medium-sized companies tend to have smaller revenues, narrower product lines, less management depth and experience, smaller shares of their product or services markets, fewer financial resources and less competitive strength than larger companies.
Style Risk. From time to time, we may prefer a certain investment style, such as a growth style or value style, that may underperform and/or be more volatile than other investment styles or than the stock markets generally during these periods. Active Management Risk. Our selection of securities for the MidCap Fund may not perform as well as expected when those securities were purchased or as well as the securities markets generally.
Depositary Receipts Risk. American Depositary Receipts (“ADRs”) are subject to some extent to the risks associated with directly investing in securities of foreign issuers, including the risk of changes in currency exchange rates, expropriation or nationalization of assets, and the impact of political, diplomatic, or social events.
Real Estate Investment Trusts. Real Estate Investment Trusts (“REITs”) depend on specialized management skills and may have limited diversification and smaller market capitalizations. |
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Please see page 19 of the Prospectus for detailed information about the risks described above. |
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Past Performance. |
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The bar chart and table below provide some indication of the risks of investing in the MidCap Fund by showing how the Fund’s total returns before taxes have varied from year to year and how the Fund’s average annual total returns (both before and after taxes) for the one-year and life-of-fund periods compare to a broad measure of market performance. As with all mutual funds, the Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. |
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MidCap Fund Calendar Year Total Returns |
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The Fund’s highest/lowest quarterly results during this period were:
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Average Annual Total Returns (for the periods ended December 31, 2012) |
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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. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and 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. |