0000950147-01-501695.txt : 20011009
0000950147-01-501695.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950147-01-501695
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011003
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FREMONT MUTUAL FUNDS INC
CENTRAL INDEX KEY: 0000837389
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-23453
FILM NUMBER: 1751044
BUSINESS ADDRESS:
STREET 1: 50 BEALE STREET SUITE 100
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 8005484539
MAIL ADDRESS:
STREET 1: 50 BEALE STREET SUITE 100
CITY: SAN FRANCISCO
STATE: CA
ZIP: 45202
FORMER COMPANY:
FORMER CONFORMED NAME: SIERRA MUTUAL FUNDS INC
DATE OF NAME CHANGE: 19881113
497
1
e-7551.txt
PROSPECTUS SUPPLEMENT DATED 10/01/2001
FREMONT MUTUAL FUNDS, INC.
Supplement dated October 1, 2001
to the
Prospectus dated March 1, 2001, as amended July 20, 2001
FREMONT EMERGING MARKETS FUND CEASES OPERATIONS:
After a careful review, the Board of Directors of Fremont Mutual Funds, Inc.,
determined that the shareholders interests were best served by closing the
Fremont Emerging Markets Fund and liquidating its assets on September 28, 2001.
No new shares will be issued by the Fund.
FREMONT INTERNATIONAL GROWTH FUND, FREMONT U.S. SMALL CAP FUND AND FREMONT REAL
ESTATE SECURITIES FUND:
The Board of Directors of Fremont Mutual Funds, Inc., has decided to terminate
the Distribution Plan pursuant to Rule 12b-1 under the Investment Company Act of
1940. Effective September 14, 2001, the Fremont International Growth Fund,
Fremont U.S. Small Cap Fund and Fremont Real Estate Securities Fund will no
longer charge 12b-1 distribution expenses to shareholders.
The "FEES AND EXPENSES" section found on page 5 for the Fremont International
Growth Fund, page 13 for the Fremont U.S. Small Cap Fund and page 17 for the
Fremont Real Estate Securities Fund is replaced with the information in the
table below.
FEES AND EXPENSES
This table below describes the fees and expenses that you may pay if you buy and
hold shares of each Fund.
FREMONT FREMONT FREMONT
INTERNATIONAL U.S. SMALL REAL ESTATE
GROWTH FUND CAP FUND SECURITIES FUND
----------- -------- ---------------
SHAREHOLDER FEES(1) (None) (None) (None)
ANNUAL FUND OPERATING EXPENSES DEDUCTED
FROM FUND ASSETS
Management Fees 1.00% 1.00% 1.00%
Distribution (12b-1) Fees None None None
Other Expenses 0.65% 0.64% 1.04%
----- ----- -----
Total Annual Fund Operating Expenses 1.65% 1.64% 2.04%
Less: Fees Waived and Reimbursed(2) 0.15% 0.14% 0.54%
----- ----- -----
Net Operating Expenses 1.50% 1.50% 1.50%
===== ===== =====
----------
(1) The Transfer Agent charges a $10 service fee on wire redemptions.
(2) The Advisor is indefinitely obligated by contract to limit the Funds'
expenses to 1.50% as stated above. However, this limit may be changed with
the approval of the Board of Directors.
Note: There is no change to the Net Operating Expenses listed above.
THE FOLLOWING UPDATES INFORMATION THAT APPEARS ON THE BACK COVER OF THE
PROSPECTUS:
Investors seeking general information on the Fremont Mutual Funds can call
800-548-4539 or 508-871-9529 (outside the U.S.).