Independent Financial History Study and JournalismThe Wall Street Fund Archive

Chronology

Timeline

Every event below carries a date type — corporate act, filing, transaction, effective date, shareholder vote, publication — and resolves to numbered claims. Spanning December 21, 1945 to April 26, 2019.

Events
20
Years
74

  1. 1945

    corporate act

    Articles of Incorporation dated

    The fund's Articles of Incorporation carry this date according to the exhibit index of its 2005 registration statement.

    Evidence (1)
    • C-003The fund's Articles of Incorporation were dated December 21, 1945, with Articles of Amendment dated March 19, 1946 and September 29, 1969. — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceFounding (1945–1946)
  2. reported date

    Fund reported as launched

    The 2005 prospectus states the fund "was launched on December 23, 1945." The successor's current website gives December 24, 1945 as the inception date; the difference remains an open question in the supplied record.

    Evidence (2)
    • C-002The fund's 2005 registration statement states that the fund was launched on December 23, 1945. — The Wall Street Fund
    • C-004The current Evercore Equity Fund website reports an inception date of 12/24/45 and states that the fund was previously known as the Wall Street Fund (WALLX). — Evercore Equity Fund — official fund website
    Strongly supportedConfidence: Strongly supported. Supported by multiple credible sourcesFounding (1945–1946)
  3. corporate act

    Organized as a Maryland corporation

    The statement of additional information records the fund's organization as a Maryland corporation on this date, with authorized capital of 5,000,000 shares.

    Evidence (1)
    • C-001The Wall Street Fund, Inc. was organized as a Maryland corporation on December 26, 1945. — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceFounding (1945–1946)

  4. 1946

    corporate act

    Articles of Amendment filed in Maryland

    First amendment to the Articles of Incorporation, filed with the Maryland State Department of Assessments and Taxation.

    Evidence (1)
    • C-003The fund's Articles of Incorporation were dated December 21, 1945, with Articles of Amendment dated March 19, 1946 and September 29, 1969. — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceFounding (1945–1946)

  5. 1954

    corporate act

    Wall Street Management Corporation organized

    The Massachusetts corporation that served as the fund's adviser and principal underwriter through the mid-2000s was organized on this date and, per the 2005 filing, advised the fund from its own organization onward.

    Evidence (1)
    • C-009The investment adviser and principal underwriter in 2005 was Wall Street Management Corporation (WSMC), a Massachusetts corporation organized September 15, 1954, which had served as adviser since its organization. — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceMid-century management (1954–1984)

  6. 1969

    corporate act

    Second Articles of Amendment filed

    A further amendment to the Articles of Incorporation, filed in Maryland.

    Evidence (1)
    • C-003The fund's Articles of Incorporation were dated December 21, 1945, with Articles of Amendment dated March 19, 1946 and September 29, 1969. — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceMid-century management (1954–1984)

  7. 1984

    reported date

    Robert P. Morse assumes day-to-day management

    Per the 2005 prospectus, Mr. Morse had been responsible for the fund's day-to-day management since 1984 and served as Chairman, President and Director from that year. Independent director Harlan K. Ullman also joined the board in 1984.

    Evidence (2)
    • C-010Robert P. Morse served as Chairman, President and Director of the fund and was responsible for its day-to-day management from 1984; he was President and sole Director of WSMC and a co-founder of Morse, Williams & Co., Inc., an affiliated adviser established in 1981. — The Wall Street Fund
    • C-011As of 2005 the board consisted of independent directors Clifton H.W. Maloney (since 1985) and Harlan K. Ullman, Ph.D. (since 1984) and interested director Robert P. Morse; officers included James L. Farrell, Jr., Ph.D. (Executive Vice President), Laurence R. Golding (Vice President), Michael R. Linburn (Vice President, Secretary and Chief Compliance Officer) and Jian H. Wang (Vice President and Treasurer). — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceMorse era (1984–2010)

  8. 2001

    contract date

    Custody Agreement with U.S. Bank, N.A.

    Date of the custody agreement later amended in 2010; U.S. Bank appears as custodian in the 2005 prospectus.

    Evidence (2)
    • C-018A Custody Agreement between the fund and U.S. Bank, N.A. dated July 20, 2001 was amended as of May 18, 2010 to replace the fee schedule (Exhibit C). — The Wall Street Fund
    • C-017In 2005 the custodian was U.S. Bank, National Association (Cincinnati), the transfer agent was U.S. Bancorp Fund Services, LLC (Milwaukee), and the independent registered public accounting firm was PricewaterhouseCoopers LLP (Milwaukee). — The Wall Street Fund
    Strongly supportedConfidence: Strongly supported. Supported by multiple credible sourcesMorse era (1984–2010)

  9. 2005

    filing date

    Post-Effective Amendment No. 61 filed (485APOS)

    Registration statement amendment filed with the SEC, proposing an April 30, 2005 effective date. The filing identifies www.thewallstreetfund.com as the fund's website and discloses the fund's objective, fees, board and audited financial highlights for 1996–2004.

    Evidence (5)
    • C-005The fund was registered under the Investment Company Act of 1940 under File No. 811-00515 and under the Securities Act of 1933 under File No. 2-10822. — The Wall Street Fund
    • C-006In 2005 the fund listed its website as http://www.thewallstreetfund.com and a contact e-mail at the same domain. — The Wall Street Fund
    • C-007The fund's primary investment objective was growth of capital, pursued principally through a diversified portfolio of common stocks; current income was a secondary objective. — The Wall Street Fund
    • C-012The advisory fee in 2005 was 0.50% of average daily net assets annually; the adviser agreed to limit total expenses to 2.00% of the first $10 million, 1.50% of the next $20 million and 1.00% of the balance of average daily net assets. — The Wall Street Fund
    • C-014Audited financial highlights for 1996–2004 show annual total returns of 36.50% (1996), 11.45% (1997), −2.37% (1998), 31.40% (1999), 62.88% (2000), 3.41% (2001), −23.15% (2002), −36.34% (2003), and 49.90% (2004), assuming reinvestment of all dividends and distributions, with year-end net assets ranging from $11.6 million (2003) to $22.6 million (2001). — The Wall Street Fund
    EstablishedConfidence: Established. Directly supported by a primary sourceMorse era (1984–2010)

  10. 2010

    effective date

    Evercore Wealth Management, LLC becomes investment adviser

    According to the successor's 2019 filing, Evercore Wealth Management has served as adviser to the fund and its predecessor since this date.

    Evidence (1)
    • C-019Evercore Wealth Management, LLC has served as investment adviser to the fund and its predecessor since May 1, 2010. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceEvercore era (2010–present)
  11. contract date

    Custody Agreement fee schedule amended

    Amendment replacing Exhibit C (fee schedule) of the 2001 Custody Agreement with U.S. Bank, N.A.

    Evidence (1)
    • C-018A Custody Agreement between the fund and U.S. Bank, N.A. dated July 20, 2001 was amended as of May 18, 2010 to replace the fee schedule (Exhibit C). — The Wall Street Fund
    Strongly supportedConfidence: Strongly supported. Supported by multiple credible sourcesEvercore era (2010–present)

  12. 2011

    corporate act

    Wall Street EWM Funds Trust organized

    The Delaware statutory trust that would receive the fund's assets in 2014 was organized on this date.

    Evidence (1)
    • C-020Wall Street EWM Funds Trust was organized as a Delaware statutory trust on April 12, 2011. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceEvercore era (2010–present)

  13. 2014

    shareholder vote

    Shareholders approve reorganization

    Shareholders of The Wall Street Fund, Inc. approved the reorganization of the fund into the series of Wall Street EWM Funds Trust.

    Evidence (1)
    • C-021On September 15, 2014, shareholders of The Wall Street Fund, Inc. approved its reorganization into the series of Wall Street EWM Funds Trust. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)
  14. transaction

    Final distribution to shareholders

    Per the 2017 Federal Register notice, the fund transferred its assets to a corresponding series of Wall Street EWM Funds Trust and made a final distribution to shareholders based on net asset value on this date. Reorganization expenses of $74,844 were paid by the fund and its adviser.

    Evidence (1)
    • C-022The fund made a final distribution to its shareholders based on net asset value on September 30, 2014, having transferred its assets to a corresponding series of Wall Street EWM Funds Trust; reorganization expenses of $74,844 were paid by the fund and its investment adviser. — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)
  15. effective date

    Asset transfer effective; successor adopts predecessor history

    Per the successor's 2019 filing, the transfer of assets in exchange for shares and assumption of liabilities was effective as of the close of business on this date, and the successor adopted the predecessor's performance and financial history.

    Evidence (1)
    • C-023Effective as of the close of business on October 1, 2014, the assets of The Wall Street Fund, Inc. were transferred to the successor fund in exchange for shares and the successor's assumption of liabilities; the successor adopted the predecessor's performance and financial history. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)

  16. 2016

    effective date

    Renamed Evercore Equity Fund

    The successor fund's name changed from "The Wall Street Fund" to "Evercore Equity Fund."

    Evidence (1)
    • C-024On March 1, 2016, the successor fund's name changed from "The Wall Street Fund" to "Evercore Equity Fund." — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)
  17. filing date

    Deregistration application filed

    The Wall Street Fund, Inc. applied under Section 8(f) for an order declaring that it had ceased to be an investment company.

    Evidence (2)
    • C-025The Wall Street Fund, Inc. filed an application for deregistration under Section 8(f) of the Investment Company Act on December 20, 2016, giving its address as 55 East 52nd Street, 23rd Floor, New York, New York 10055. — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
    • C-030Section 8(f) of the Investment Company Act authorizes the SEC, upon application, to declare that a registered investment company has ceased to be an investment company, whereupon its registration ceases to be in effect. — Investment Company Act of 1940
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)

  18. 2017

    publication date

    SEC Release No. IC-32456 dated

    The Commission's notice of applications for deregistration for the month of January 2017 carries this date.

    Evidence (1)
    • C-026The SEC's notice of the deregistration application, Release No. IC-32456 dated January 27, 2017, was published in the Federal Register on February 2, 2017 (82 FR 9087), with hearing requests due by 5:30 p.m. on February 21, 2017. — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)
  19. publication date

    Notice published in the Federal Register

    82 FR 9087–9089. The notice stated that an order granting each application would issue absent a hearing, with hearing requests due February 21, 2017.

    Evidence (1)
    • C-026The SEC's notice of the deregistration application, Release No. IC-32456 dated January 27, 2017, was published in the Federal Register on February 2, 2017 (82 FR 9087), with hearing requests due by 5:30 p.m. on February 21, 2017. — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
    EstablishedConfidence: Established. Directly supported by a primary sourceReorganization (2014–2017)

  20. 2019

    filing date

    Successor files Post-Effective Amendment No. 19

    Wall Street EWM Funds Trust's registration statement amendment, effective April 30, 2019, documents the reorganization, renaming, and adoption of predecessor history.

    Evidence (4)
    • C-023Effective as of the close of business on October 1, 2014, the assets of The Wall Street Fund, Inc. were transferred to the successor fund in exchange for shares and the successor's assumption of liabilities; the successor adopted the predecessor's performance and financial history. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    • C-024On March 1, 2016, the successor fund's name changed from "The Wall Street Fund" to "Evercore Equity Fund." — Wall Street EWM Funds Trust (Evercore Equity Fund)
    • C-027Evercore Equity Fund is the sole series of Wall Street EWM Funds Trust and trades under the symbol EWMCX. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    • C-028The successor fund's advisory fee under the 2019 filing was 0.75% of average daily net assets, and its distributor was Quasar Distributors, LLC. — Wall Street EWM Funds Trust (Evercore Equity Fund)
    EstablishedConfidence: Established. Directly supported by a primary sourceEvercore era (2010–present)

Structured text alternative

Chronology of The Wall Street Fund, Inc. as a table
DateTypeEventClaims
December 21, 1945corporate actArticles of Incorporation datedC-003
December 23, 1945reported dateFund reported as launchedC-002, C-004
December 26, 1945corporate actOrganized as a Maryland corporationC-001
March 19, 1946corporate actArticles of Amendment filed in MarylandC-003
September 15, 1954corporate actWall Street Management Corporation organizedC-009
September 29, 1969corporate actSecond Articles of Amendment filedC-003
1984reported dateRobert P. Morse assumes day-to-day managementC-010, C-011
July 20, 2001contract dateCustody Agreement with U.S. Bank, N.A.C-018, C-017
February 11, 2005filing datePost-Effective Amendment No. 61 filed (485APOS)C-005, C-006, C-007, C-012, C-014
May 1, 2010effective dateEvercore Wealth Management, LLC becomes investment adviserC-019
May 18, 2010contract dateCustody Agreement fee schedule amendedC-018
April 12, 2011corporate actWall Street EWM Funds Trust organizedC-020
September 15, 2014shareholder voteShareholders approve reorganizationC-021
September 30, 2014transactionFinal distribution to shareholdersC-022
October 1, 2014effective dateAsset transfer effective; successor adopts predecessor historyC-023
March 1, 2016effective dateRenamed Evercore Equity FundC-024
December 20, 2016filing dateDeregistration application filedC-025, C-030
January 27, 2017publication dateSEC Release No. IC-32456 datedC-026
February 2, 2017publication dateNotice published in the Federal RegisterC-026
April 26, 2019filing dateSuccessor files Post-Effective Amendment No. 19C-023, C-024, C-027, C-028