82_FR_21015 82 FR 20930 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

82 FR 20930 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 85 (May 4, 2017)

Page Range20930-20932
FR Document2017-08984

Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. On September 3, 2014, applicant made a liquidating distribution to its shareholders, based on net asset value. No expenses were incurred in connection with the liquidation. Filing Date: The application was filed on February 22, 2017. Applicant's Address: 18925 Base Camp Road, Suite 203, Monument, Colorado 80132.

Federal Register, Volume 82 Issue 85 (Thursday, May 4, 2017) 
[Federal Register Volume 82, Number 85 (Thursday, May 4, 2017)]
[Notices]
[Pages 20930-20932]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08984]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-32616]


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

April 28, 2017.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
April 2017. 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 May 23, 2017, 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.

Tax Exempt Municipal Trust [File No. 811-02551] \1\
---------------------------------------------------------------------------

    \1\ Applicant was previously issued a release number in the 
notice of applications for deregistration for March 2017 (Investment 
Company Act Release No. 32587). A new release number has been issued 
to correct an error in connection with the March 2017 notice.
---------------------------------------------------------------------------

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On September 
3, 2014, applicant made a liquidating distribution to its shareholders, 
based on net asset value. No expenses were incurred in connection with 
the liquidation.
    Filing Date: The application was filed on February 22, 2017.
    Applicant's Address: 18925 Base Camp Road, Suite 203, Monument, 
Colorado 80132.

Tortoise MLP Growth Fund, Inc. [File No. 811-22776] \1\

    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 February 27, 2017.
    Applicant's Address: 11550 Ash Street, Suite 300, Leawood, Kansas 
66211.

Brookfield Mortgage Opportunity Income Fund Inc. [File No. 811-22773] 
\1\

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Brookfield Real Assets Income Fund Inc. 
and, on December 12, 2016, made a final distribution to its 
shareholders based on net asset value. Expenses of $778,720 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser.
    Filing Date: The application was filed on March 7, 2017.
    Applicant's Address: Brookfield Place, 250 Vesey Street, 15th 
Floor, New York, New York 10281.

Brookfield High Income Fund Inc. [File No. 811-08795] \1\

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Brookfield Real Assets Income Fund Inc. 
and, on December 12, 2016, made a final distribution to its 
shareholders based on net asset value. Expenses of $386,068 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser.
    Filing Date: The application was filed on March 7, 2017.
    Applicant's Address: Brookfield Place, 250 Vesey Street, 15th 
Floor, New York, New York 10281.

Brookfield Total Return Fund Inc. [File No. 811-05820] \1\

    Summary: Applicant, a closed-end investment company, seeks an order

[[Page 20931]]

declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Brookfield Real Assets Income Fund Inc. 
and, on December 12, 2016, made a final distribution to its 
shareholders based on net asset value. Expenses of $604,887 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser.
    Filing Date: The application was filed on March 7, 2017.
    Applicant's Address: Brookfield Place, 250 Vesey Street, 15th 
Floor, New York, New York 10281.

Schroder Capital Funds (Delaware) [File No. 811-01911] \1\

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Hartford Mutual Funds II, Inc. and, on October 21, 2016, made a final 
distribution to its shareholders based on net asset value. Expenses of 
approximately $143,531 incurred in connection with the reorganization 
were paid by the applicant's investment adviser and the acquiring 
fund's investment adviser.
    Filing Dates: The application was filed on February 9, 2017 and 
amended on March 13, 2017.
    Applicant's Address: 875 Third Avenue, 22nd Floor, New York, New 
York 10022.

Nicholas Money Market Fund, Inc. [File No. 811-05537]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 12, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $31,431 incurred in connection with the liquidation were 
paid by applicant's investment adviser.
    Filing Date: The application was filed on March 31, 2017.
    Applicant's Address: 700 N. Water St., Suite 1010, Milwaukee, 
Wisconsin 53202.

Guggenheim Equal Weight Enhanced Equity Income Fund [File No. 811-
22584]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Guggenheim Enhanced Equity Income Fund 
and, on March 20, 2017, made a final distribution to its shareholders 
based on net asset value. Expenses of $342,187 incurred in connection 
with the reorganization were paid by the applicant and the acquiring 
fund.
    Filing Dates: The application was filed on March 22, 2017 and 
amended on March 31, 2017.
    Applicant's Address: 227 West Monroe Street, Chicago, Illinois 
60606.

Guggenheim Enhanced Equity Strategy Fund [File No. 811-21455]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Guggenheim Enhanced Equity Income Fund 
and, on March 20, 2017, made a final distribution to its shareholders 
based on net asset value. Expenses of $348,511 incurred in connection 
with the reorganization were paid by the applicant and the acquiring 
fund.
    Filing Dates: The application was filed on March 22, 2017 and 
amended on March 31, 2017.
    Applicant's Address: 227 West Monroe Street, Chicago, Illinois 
60606.

Palmer Square Strategic Finance Fund [File No. 811-23094]

    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 March 7, 2017 and April 
4, 2017.
    Applicant's Address: c/o Palmer Square Capital Management LLC, 2000 
Shawnee Mission Parkway, Suite 300, Mission Woods, Kansas 66205.

Touchstone Tax-Free Trust [File No. 811-03174]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Touchstone Strategic Trust and, on December 16, 2016, made a final 
distribution to its shareholders based on net asset value. Expenses of 
$42,700 incurred in connection with the reorganization were paid by the 
applicant's investment adviser.
    Filing Date: The application was filed on April 5, 2017.
    Applicant's Address: 303 Broadway, Suite 1100, Cincinnati, Ohio 
45202.

Capstone Series Fund, Inc. [File No. 811-01436]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Steward Funds, Inc. and, on February 14, 2017, made a final 
distribution to its shareholders based on net asset value. Expenses of 
approximately $45,939 incurred in connection with the reorganization 
were paid by the acquiring fund.
    Filing Date: The application was filed on April 11, 2017.
    Applicant's Address: 3700 W Sam Houston Parkway S, Suite 250, 
Houston, Texas 77042.

EnTrust Multi-Strategy Fund [File No. 811-22840]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On March 31, 
2017, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $10,000 incurred in connection 
with the liquidation were paid by applicant's investment adviser.
    Filing Date: The application was filed on April 18, 2017.
    Applicant's Address: 375 Park Avenue, 24th Floor, New York, New 
York 10152.

EnTrust Multi-Strategy Master Fund [File No. 811-22841]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On March 31, 
2017, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $10,000 incurred in connection 
with the liquidation were paid by applicant's investment adviser.
    Filing Date: The application was filed on April 18, 2017.
    Applicant's Address: 375 Park Avenue, 24th Floor, New York, New 
York 10152.

Advance Capital I, Inc. [File No. 811-05127]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 22, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $518,433 incurred in connection with the liquidation were 
paid by applicant's investment adviser.
    Filing Dates: The application was filed on March 31, 2017 and 
amended on April 25, 2017.
    Applicant's Address: One Towne Square, Suite 444, Southfield, 
Michigan 48076.


[[Page 20932]]


    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-08984 Filed 5-3-17; 8:45 am]
 BILLING CODE 8011-01-P

20930 Federal Register / Vol. 82, No. 85 / Thursday, May 4, 2017 / Notices III. Solicitation of Comments SECURITIES AND EXCHANGE on net asset value. No expenses were COMMISSION incurred in connection with the Interested persons are invited to liquidation. submit written data, views and [Release No. IC–32616] Filing Date: The application was filed arguments concerning the foregoing, on February 22, 2017. including whether the amendment is Notice of Applications for Deregistration Under Section 8(f) of the Applicant’s Address: 18925 Base consistent with the Exchange Act and Camp Road, Suite 203, Monument, the rules thereunder. Comments may be Investment Company Act of 1940 Colorado 80132. submitted by any of the following April 28, 2017. methods: Tortoise MLP Growth Fund, Inc. [File The following is a notice of No. 811–22776] 1 Electronic Comments applications for deregistration under section 8(f) of the Investment Company Summary: Applicant, a closed-end • Use the Commission’s Internet Act of 1940 for the month of April 2017. investment company, seeks an order comment form (http://www.sec.gov/ A copy of each application may be declaring that it has ceased to be an rules/sro.shtml); or obtained via the Commission’s Web site investment company. Applicant has by searching for the file number, or for never made a public offering of its • Send an email to rule-comments@ securities and does not propose to make sec.gov. Please include File Number 4– an applicant using the Company name box, at http://www.sec.gov/search/ a public offering or engage in business 631 on the subject line. of any kind. search.htm or by calling (202) 551– Paper Comments 8090. An order granting each Filing Date: The application was filed application will be issued unless the on February 27, 2017. • Send paper comments in triplicate SEC orders a hearing. Interested persons Applicant’s Address: 11550 Ash to Brent J. Fields, Secretary, Securities may request a hearing on any Street, Suite 300, Leawood, Kansas and Exchange Commission, 100 F Street application by writing to the SEC’s 66211. NE., Washington, DC 20549–1090. Secretary at the address below and Brookfield Mortgage Opportunity All submissions should refer to File serving the relevant applicant with a Income Fund Inc. [File No. 811–22773] 1 Number 4–631.This file number should copy of the request, personally or by mail. Hearing requests should be Summary: Applicant, a closed-end be included on the subject line if email investment company, seeks an order is used. To help the Commission received by the SEC by 5:30 p.m. on May 23, 2017, and should be declaring that it has ceased to be an process and review your comments investment company. The applicant has more efficiently, please use only one accompanied by proof of service on applicants, in the form of an affidavit or, transferred its assets to Brookfield Real method. The Commission will post all Assets Income Fund Inc. and, on comments on the Commission’s Internet for lawyers, a certificate of service. Pursuant to Rule 0–5 under the Act, December 12, 2016, made a final Web site (http://www.sec.gov/rules/ distribution to its shareholders based on sro.shtml). Copies of the submission, all hearing requests should state the nature of the writer’s interest, any facts bearing net asset value. Expenses of $778,720 subsequent amendments, all written incurred in connection with the statements with respect to the proposed upon the desirability of a hearing on the matter, the reason for the request, and reorganization were paid by the plan amendment that are filed with the applicant’s investment adviser. Commission, and all written the issues contested. Persons who wish Filing Date: The application was filed communications relating to the to be notified of a hearing may request on March 7, 2017. amendment between the Commission notification by writing to the Applicant’s Address: Brookfield and any person, other than those that Commission’s Secretary. Place, 250 Vesey Street, 15th Floor, New may be withheld from the public in ADDRESSES: The Commission: Secretary, York, New York 10281. accordance with the provisions of 5 U.S. Securities and Exchange U.S.C. 552, will be available for Web Commission, 100 F Street NE., Brookfield High Income Fund Inc. [File site viewing and printing in the Washington, DC 20549–1090. No. 811–08795] 1 Commission’s Public Reference Room, FOR FURTHER INFORMATION CONTACT: Hae- Summary: Applicant, a closed-end 100 F Street NE., Washington, DC Sung Lee, Attorney-Adviser, at (202) investment company, seeks an order 20549, on official business days 551–7345 or Chief Counsel’s Office at declaring that it has ceased to be an between the hours of 10:00 a.m. and (202) 551–6821; SEC, Division of investment company. The applicant has 3:00 p.m. Copies of such filing also will Investment Management, Chief transferred its assets to Brookfield Real be available for inspection and copying Counsel’s Office, 100 F Street NE., Assets Income Fund Inc. and, on at the Participants’ offices. All Washington, DC 20549–8010. December 12, 2016, made a final comments received will be posted distribution to its shareholders based on without change; the Commission does Tax Exempt Municipal Trust [File No. net asset value. Expenses of $386,068 not edit personal identifying 811–02551] 1 incurred in connection with the information from submissions. You Summary: Applicant, a unit reorganization were paid by the should submit only information that investment trust, seeks an order applicant’s investment adviser. you wish to make available publicly. All declaring that it has ceased to be an Filing Date: The application was filed submissions should refer to File investment company. On September 3, on March 7, 2017. pmangrum on DSK3GDR082PROD with NOTICES Number 4–631 and should be submitted 2014, applicant made a liquidating Applicant’s Address: Brookfield on or before May 25, 2017. distribution to its shareholders, based Place, 250 Vesey Street, 15th Floor, New By the Commission. York, New York 10281. 1 Applicant was previously issued a release Eduardo Aleman, number in the notice of applications for Brookfield Total Return Fund Inc. [File Assistant Secretary. deregistration for March 2017 (Investment Company No. 811–05820] 1 Act Release No. 32587). A new release number has [FR Doc. 2017–08970 Filed 5–3–17; 8:45 am] Summary: Applicant, a closed-end been issued to correct an error in connection with BILLING CODE 8011–01–P the March 2017 notice. investment company, seeks an order VerDate Sep<11>2014 14:39 May 03, 2017 Jkt 241001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\04MYN1.SGM 04MYN1

Federal Register / Vol. 82, No. 85 / Thursday, May 4, 2017 / Notices 20931 declaring that it has ceased to be an Filing Dates: The application was final distribution to its shareholders investment company. The applicant has filed on March 22, 2017 and amended based on net asset value. Expenses of transferred its assets to Brookfield Real on March 31, 2017. approximately $45,939 incurred in Assets Income Fund Inc. and, on Applicant’s Address: 227 West connection with the reorganization were December 12, 2016, made a final Monroe Street, Chicago, Illinois 60606. paid by the acquiring fund. distribution to its shareholders based on Filing Date: The application was filed Guggenheim Enhanced Equity Strategy net asset value. Expenses of $604,887 on April 11, 2017. Fund [File No. 811–21455] incurred in connection with the reorganization were paid by the Summary: Applicant, a closed-end Applicant’s Address: 3700 W Sam applicant’s investment adviser. investment company, seeks an order Houston Parkway S, Suite 250, Houston, Filing Date: The application was filed declaring that it has ceased to be an Texas 77042. on March 7, 2017. investment company. The applicant has EnTrust Multi-Strategy Fund [File No. Applicant’s Address: Brookfield transferred its assets to Guggenheim Enhanced Equity Income Fund and, on 811–22840] Place, 250 Vesey Street, 15th Floor, New York, New York 10281. March 20, 2017, made a final Summary: Applicant, a closed-end distribution to its shareholders based on investment company, seeks an order Schroder Capital Funds (Delaware) net asset value. Expenses of $348,511 [File No. 811–01911] 1 declaring that it has ceased to be an incurred in connection with the investment company. On March 31, Summary: Applicant seeks an order reorganization were paid by the 2017, applicant made a liquidating declaring that it has ceased to be an applicant and the acquiring fund. distribution to its shareholders, based investment company. The applicant has Filing Dates: The application was on net asset value. Expenses of $10,000 transferred its assets to Hartford Mutual filed on March 22, 2017 and amended incurred in connection with the Funds II, Inc. and, on October 21, 2016, on March 31, 2017. liquidation were paid by applicant’s made a final distribution to its Applicant’s Address: 227 West investment adviser. shareholders based on net asset value. Monroe Street, Chicago, Illinois 60606. Expenses of approximately $143,531 Filing Date: The application was filed Palmer Square Strategic Finance Fund on April 18, 2017. incurred in connection with the [File No. 811–23094] reorganization were paid by the Applicant’s Address: 375 Park applicant’s investment adviser and the Summary: Applicant, a closed-end Avenue, 24th Floor, New York, New acquiring fund’s investment adviser. investment company, seeks an order York 10152. Filing Dates: The application was declaring that it has ceased to be an filed on February 9, 2017 and amended investment company. Applicant has EnTrust Multi-Strategy Master Fund on March 13, 2017. never made a public offering of its [File No. 811–22841] Applicant’s Address: 875 Third securities and does not propose to make Avenue, 22nd Floor, New York, New a public offering or engage in business Summary: Applicant, a closed-end York 10022. of any kind. investment company, seeks an order Filing Dates: The application was declaring that it has ceased to be an Nicholas Money Market Fund, Inc. [File investment company. On March 31, filed on March 7, 2017 and April 4, No. 811–05537] 2017, applicant made a liquidating 2017. Summary: Applicant seeks an order Applicant’s Address: c/o Palmer distribution to its shareholders, based declaring that it has ceased to be an Square Capital Management LLC, 2000 on net asset value. Expenses of $10,000 investment company. On October 12, Shawnee Mission Parkway, Suite 300, incurred in connection with the 2016, applicant made a liquidating Mission Woods, Kansas 66205. liquidation were paid by applicant’s distribution to its shareholders, based investment adviser. on net asset value. Expenses of $31,431 Touchstone Tax-Free Trust [File No. 811–03174] Filing Date: The application was filed incurred in connection with the on April 18, 2017. liquidation were paid by applicant’s Summary: Applicant seeks an order investment adviser. declaring that it has ceased to be an Applicant’s Address: 375 Park Filing Date: The application was filed investment company. The applicant has Avenue, 24th Floor, New York, New on March 31, 2017. transferred its assets to Touchstone York 10152. Applicant’s Address: 700 N. Water Strategic Trust and, on December 16, Advance Capital I, Inc. [File No. 811– St., Suite 1010, Milwaukee, Wisconsin 2016, made a final distribution to its 05127] 53202. shareholders based on net asset value. Expenses of $42,700 incurred in Summary: Applicant seeks an order Guggenheim Equal Weight Enhanced connection with the reorganization were declaring that it has ceased to be an Equity Income Fund [File No. 811– paid by the applicant’s investment investment company. On December 22, 22584] adviser. 2016, applicant made a liquidating Summary: Applicant, a closed-end Filing Date: The application was filed distribution to its shareholders, based investment company, seeks an order on April 5, 2017. on net asset value. Expenses of $518,433 declaring that it has ceased to be an Applicant’s Address: 303 Broadway, incurred in connection with the investment company. The applicant has Suite 1100, Cincinnati, Ohio 45202. liquidation were paid by applicant’s pmangrum on DSK3GDR082PROD with NOTICES transferred its assets to Guggenheim investment adviser. Enhanced Equity Income Fund and, on Capstone Series Fund, Inc. [File No. March 20, 2017, made a final 811–01436] Filing Dates: The application was distribution to its shareholders based on Summary: Applicant seeks an order filed on March 31, 2017 and amended net asset value. Expenses of $342,187 declaring that it has ceased to be an on April 25, 2017. incurred in connection with the investment company. The applicant has Applicant’s Address: One Towne reorganization were paid by the transferred its assets to Steward Funds, Square, Suite 444, Southfield, Michigan applicant and the acquiring fund. Inc. and, on February 14, 2017, made a 48076. VerDate Sep<11>2014 14:39 May 03, 2017 Jkt 241001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\04MYN1.SGM 04MYN1

20932 Federal Register / Vol. 82, No. 85 / Thursday, May 4, 2017 / Notices For the Commission, by the Division of II. Self-Regulatory Organization’s trading on the Corporation of such Investment Management, pursuant to Statement of the Purpose of, and securities. Proposed Rule 8.900(b) delegated authority. Statutory Basis for, the Proposed Rule provides further that Managed Portfolio Eduardo A. Aleman, Change Shares are included within the Assistant Secretary. In its filing with the Commission, the definition of ‘‘security’’ or ‘‘securities’’ [FR Doc. 2017–08984 Filed 5–3–17; 8:45 am] self-regulatory organization included as such terms are used in the Rules of statements concerning the purpose of, the Corporation. BILLING CODE 8011–01–P and basis for, the proposed rule change Proposed Definitions and discussed any comments it received Proposed Rule 8.900(c)(1) defines the SECURITIES AND EXCHANGE on the proposed rule change. The text term ‘‘Managed Portfolio Share’’ as a COMMISSION of those statements may be examined at security that (a) is issued by a registered the places specified in Item IV below. investment company (‘‘Investment [Release No. 34–80553; File No. SR– The Exchange has prepared summaries, Company’’) organized as an open-end NYSEArca–2017–36] set forth in sections A, B, and C below, management investment company or of the most significant parts of such similar entity, that invests in a portfolio Self-Regulatory Organizations; NYSE statements. of securities selected by the Investment Arca, Inc.; Notice of Filing of Proposed A. Self-Regulatory Organization’s Company’s investment adviser Rule Change To Adopt a New NYSE Statement of the Purpose of, and the consistent with the Investment Arca Equities Rule 8.900 and To List Statutory Basis for, the Proposed Rule Company’s investment objectives and and Trade Shares of the Royce Change policies; and (b) when aggregated in a Pennsylvania ETF; Royce Premier ETF; number of shares equal to a Redemption and Royce Total Return ETF Under 1. Purpose Unit or multiples thereof, may be Proposed NYSE Arca Equities Rule The Exchange proposes to add new redeemed at the request of an 8.900 NYSE Arca Equities Rule 8.900 for the Authorized Participant (as defined in purpose of permitting the listing and the Investment Company’s Form N–1A April 28, 2017. trading, or trading pursuant to unlisted filed with the SEC), which Authorized Pursuant to Section 19(b)(1) 1 of the trading privileges (‘‘UTP’’), of Managed Participant will be paid, through its own Securities Exchange Act of 1934 (the Portfolio Shares, which are securities separate confidential account ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 issued by an actively managed open-end established for its benefit, a portfolio of notice is hereby given that, on April 14, investment management company.4 securities and/or cash with a value 2017, NYSE Arca, Inc. (the ‘‘Exchange,’’ In addition to the above-mentioned equal to the next determined net asset ‘‘NYSE Arca,’’ or the ‘‘Corporation’’) proposed rule changes, the Exchange value (‘‘NAV’’). filed with the Securities and Exchange proposes to list and trade shares Proposed Rule 8.900(c)(2) defines the Commission (the ‘‘Commission’’) the (‘‘Shares’’) of the following under term ‘‘Verified Intraday Indicative Value proposed rule change as described in proposed NYSE Arca Equities Rule (‘‘VIIV’’) as the estimated indicative Items I, II, and III below, which Items 8.900: Royce Pennsylvania ETF; Royce value of a Managed Portfolio Share have been prepared by the self- Premier ETF; and Royce Total Return based on all of the issuer’s holdings as regulatory organization. The ETF (each, a ‘‘Fund’’ and, collectively, of the close of business on the prior Commission is publishing this notice to the ‘‘Funds’’). business day, priced and disseminated solicit comments on the proposed rule in one second intervals, and subject to Proposed Listing Rules validation by a pricing verification agent change from interested persons. Proposed Rule 8.900(a) provides that of the Investment Company that is I. Self-Regulatory Organization’s the Corporation will consider for responsible for comparing multiple Statement of the Terms of Substance of trading, whether by listing or pursuant independent pricing sources to establish the Proposed Rule Change to UTP, Managed Portfolio Shares that the accuracy of the VIIV. meet the criteria of Rule 8.900. Proposed Rule 8.900(c)(3) defines the The Exchange proposes to adopt a Proposed Rule 8.900(b) provides that term ‘‘Redemption Unit’’ as a specified new NYSE Arca Equities Rule 8.900 to Rule 8.900 is applicable only to number of Managed Portfolio Shares. permit it to list and trade Managed Managed Portfolio Shares and that, Proposed Rule 8.900(c)(4) defines the Portfolio Shares, which are shares of except to the extent inconsistent with term ‘‘Reporting Authority’’ in respect actively managed exchange-traded Rule 8.900, or unless the context of a particular series of Managed funds (‘‘ETFs’’) for which the portfolio otherwise requires, the rules and Portfolio Shares as a reporting service is disclosed in accordance with procedures of the Corporation’s Board of designated by the issuer as the official standard mutual fund disclosure rules. Directors shall be applicable to the source for calculating and reporting In addition, the Exchange proposes to information relating to such series, list and trade shares of the following 4 A Managed Portfolio Share is a security that including, but not limited to, the VIIV, under proposed NYSE Arca Equities represents an interest in an investment company NAV, or other information relating to registered under the Investment Company Act of Rule 8.900: Royce Pennsylvania ETF; 1940 (15 U.S.C. 80a–1) (‘‘1940 Act’’) organized as the issuance, redemption or trading of Royce Premier ETF; and Royce Total an open-end investment company or similar entity Managed Portfolio Shares. A series of Return ETF. The proposed change is that invests in a portfolio of securities selected by Managed Portfolio Shares may have pmangrum on DSK3GDR082PROD with NOTICES available on the Exchange’s Web site at its investment adviser consistent with its more than one Reporting Authority, investment objectives and policies. In contrast, an www.nyse.com, at the principal office of open-end investment company that issues each having different functions. the Exchange, and at the Commission’s Investment Company Units, listed and traded on Proposed Rule 8.900(d) sets forth Public Reference Room. the Exchange under NYSE Arca Equities Rule initial and continued listing criteria 5.2(j)(3) (‘‘Index ETFs’’), seeks to provide applicable to Managed Portfolio Shares. investment results that correspond generally to the 1 15 U.S.C. 78s(b)(1). price and yield performance of a specific foreign or Proposed Rule 8.900(d)(1)(A) provides 2 15 U.S.C. 78a. domestic stock index, fixed income securities index that, for each series of Managed 3 17 CFR 240.19b–4. or combination thereof. Portfolio Shares, the Corporation will VerDate Sep<11>2014 14:39 May 03, 2017 Jkt 241001 PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 E:\FR\FM\04MYN1.SGM 04MYN1


Document Created: 2017-05-04 01:49:17
Document Modified: 2017-05-04 01:49:17
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
DatesThe application was filed on February 22, 2017.
ContactHae-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.
FR Citation82 FR 20930 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR