81 FR 60396 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 170 (September 1, 2016)

Applicant seeks an order declaring that it has ceased to be an investment company. Applicant has transferred its assets to Tax- Exempt Bond Fund of America and, on June 17, 2016, made a final distribution to its shareholders based on net asset value. Expenses of $161,000 incurred in connection with the reorganization were paid by applicant's investment adviser. Filing Date: The application was filed on June 20, 2016. Applicant's Address: 6455 Irvine Center Drive, Irvine, California 92618.

[Federal Register Volume 81, Number 170 (Thursday, September 1, 2016)]
[Notices]
[Pages 60396-60397]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21026]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-32239]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

August 26, 2016.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
August 2016. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or for an 
applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (202) 551-8090. An order granting each 
application will be issued unless the SEC orders a hearing. Interested 
persons may request a hearing on any application by writing to the 
SEC's Secretary at the address below and serving the relevant applicant 
with a copy of the request, personally or by mail. Hearing requests 
should be received by the SEC by 5:30 p.m. on September 20, 2016, and 
should be accompanied by proof of service on applicants, in the form of 
an affidavit or, for lawyers, a certificate of service. Pursuant to 
Rule 0-5 under the Act, hearing requests should state the nature of the 
writer's interest, any facts bearing upon the desirability of a hearing 
on the matter, the reason for the request, and the issues contested. 
Persons who wish to be notified of a hearing may request notification 
by writing to the Commission's Secretary.

ADDRESSES: The Commission: Secretary, U.S. Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Hae-Sung Lee, Attorney-Adviser, at 
(202) 551-7345 or Chief Counsel's Office at (202) 551-6821; SEC, 
Division of Investment Management, Chief Counsel's Office, 100 F Street 
NE., Washington, DC 20549-8010.

American Funds Tax-Exempt Series I [File No. 811-04653]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has transferred its assets to Tax-
Exempt Bond Fund of America and, on June 17, 2016, made a final 
distribution to its shareholders based on net asset value. Expenses of 
$161,000 incurred in connection with the reorganization were paid by 
applicant's investment adviser.
    Filing Date: The application was filed on June 20, 2016.
    Applicant's Address: 6455 Irvine Center Drive, Irvine, California 
92618.

Newmark Risk-Managed Opportunistic Fund [File No. 811-08993]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 31, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $350 incurred in connection with the liquidation were paid 
by applicant's investment adviser.
    Filing Date: The application was filed on June 21, 2016.
    Applicant's Address: 2806 Flintrock Trace, Suite A204, Austin, 
Texas 78738.

Berwyn Funds [File No. 811-04963]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has transferred its assets to 
Investment Managers Series Trust and, on April 29, 2016, made a final 
distribution to its shareholders based on net asset value. Expenses of 
$780,729 incurred in connection with the reorganization were paid by 
applicant's investment adviser.
    Filing Date: The application was filed on July 27, 2016.
    Applicant's Address: c/o Chartwell Investment Partners, LLC, 1189 
Lancaster Avenue, Berwyn, Pennsylvania 19312.

Paramount Institutional Access Fund [File No. 811-22580]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant has 
never made a public offering of its securities and does not propose to 
make a public offering or engage in business of any kind.
    Filing Dates: The application was filed on July 28, 2016, and 
amended on August 19, 2016.
    Applicant's Address: c/o Paramount Access Advisors, LLC, Millennium 
Tower, Suite 1200, 15455 N. Dallas Pkwy, Addison, Texas 75001.

Paramount Access Fund [File No. 811-22579]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant has 
never made a public offering of its securities and does not propose to 
make a public offering or engage in business of any kind.
    Filing Date: The application was filed on July 28, 2016.
    Applicant's Address: c/o Paramount Access Advisors, LLC, Millennium 
Tower, Suite 1200, 15455 N. Dallas Pkwy, Addison, Texas 75001.

Dreyfus Municipal Money Market Fund, Inc. [File No. 811-02946]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has transferred its assets to 
General Municipal Money Market Fund and, on November 13, 2015, made a 
final distribution to its shareholders based on net asset value. 
Expenses of $169,000 incurred in connection with the reorganization 
were paid by applicant's investment adviser.

[[Page 60397]]

    Filing Dates: The application was filed on July 26, 2016, and 
amended on August 4, 2016 and August 19, 2016.
    Applicant's Address: 200 Park Avenue, New York, New York 10166.

Philadelphia Investment Partners New Generation Fund [File No. 811-
22395]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 30, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $750 incurred in connection with the liquidation were paid 
by applicant's investment adviser.
    Filing Date: The application was filed on August 5, 2016.
    Applicant's Address: 1233 Haddonfield--Berlin Road, Suite #7, 
Voorhees, New Jersey 08043.

Bluepoint Investment Series Trust [File No. 811-22723]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 5, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $4,500 incurred in connection with the liquidation were 
paid by applicant.
    Filing Date: The application was filed on August 5, 2016.
    Applicant's Address: 350 Madison Avenue, 9th Floor, New York, NY 
10017.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Brent J. Fields,
Secretary.
[FR Doc. 2016-21026 Filed 8-31-16; 8:45 am]
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