83 FR 14689 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 66 (April 5, 2018)

Page Range		14689-14690
FR Document		2018-06910

Applicant seeks an order declaring that it has ceased to be an investment company. On December 1, 2017, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $3,764 incurred in connection with the liquidation were paid by the applicant's investment adviser. Filing Dates: The application was filed on January 24, 2018, and amended on February 22, 2018. Applicant's Address: Canton House, 300 Water Street, Baltimore, Maryland 21202.

Federal Register, Volume 83 Issue 66 (Thursday, April 5, 2018)

[Federal Register Volume 83, Number 66 (Thursday, April 5, 2018)]
[Notices]
[Pages 14689-14690]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2018-06910]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 33063]

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

March 30, 2018.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
March 2018. A copy of each application may be obtained via the
Commission's website 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 April 24, 2018, 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: Shawn Davis, Branch Chief, at (202)
551-6413 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.

Croft Funds Corporation [File No. 811-08652]

Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 1, 2017, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $3,764 incurred in connection with the liquidation were
paid by the applicant's investment adviser.
Filing Dates: The application was filed on January 24, 2018, and
amended on February 22, 2018.
Applicant's Address: Canton House, 300 Water Street, Baltimore,
Maryland 21202.

Meehan Mutual Funds, Inc. [File No. 811-09575]

Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Meehan Focus Fund, a series of Ultimus Managers Trust, and, on October
20, 2017, made a final distribution to its shareholders based on net
asset value. Expenses of $133,418 incurred in connection with the
reorganization were paid by the applicant's investment adviser.
Filing Date: The application was filed on February 22, 2018.
Applicant's Address: c/o Edgemoor Investment Advisors Inc., 7250
Woodmont Avenue, Suite 315, Bethesda, Maryland 20814.

LocalShares Investment Trust [File No. 811-22755]

Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On February 16, 2018, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $46,500 incurred in connection with the liquidation were
paid by the applicant's investment adviser.
Filing Date: The application was filed on March 5, 2018.
Applicant's Address: 4535 Harding Pike, Suite 201, Nashville,
Tennessee 37205.

Transamerica AUIM Opportunistic Bond [File No. 811-22765]

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 January 24, 2018, and
amended on March 7, 2018.
Applicant's Address: 1801 California Street, Suite 5200, Denver,
Colorado 80202.

Waddell & Reed Advisors Funds [811-09435]

Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Each series of applicant has transferred its
assets to a corresponding series of Ivy Funds and, on October 10, 2017
and February 20,

[[Page 14690]]

2018, made final distributions to its shareholders based on net asset
value. Expenses of $3,515,501.43 incurred in connection with the
reorganization were paid by the applicant, the applicant's investment
adviser, the acquiring fund, and the acquiring fund's investment
adviser.
Filing Date: The application was filed on March 19, 2018.
Applicant's Address: 6300 Lamar Avenue, Overland Park, Kansas 66202

For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Eduardo Aleman,
Assistant Secretary.
[FR Doc. 2018-06910 Filed 4-4-18; 8:45 am]
BILLING CODE 8011-01-P

14690 Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices

2018, made final distributions to its and at the Commission’s Public requirements in proposed Rule 1081,
shareholders based on net asset value. Reference Room. rather they are subject to quarterly
Expenses of $3,515,501.43 incurred in trading requirements which are
II. Self-Regulatory Organization’s
connection with the reorganization were specified in Commentary .01 to Phlx
Statement of the Purpose of, and
paid by the applicant, the applicant’s Rule 1014.
Statutory Basis for, the Proposed Rule The Exchange proposes to adopt new
investment adviser, the acquiring fund,
Change sections (a) and (b) of Phlx Rule 1081 to
and the acquiring fund’s investment
adviser. In its filing with the Commission, the specify the various obligations of
Filing Date: The application was filed Exchange included statements electronic ROTs on Phlx. In registering
on March 19, 2018. concerning the purpose of and basis for as an electronic ROT, member
Applicant’s Address: 6300 Lamar the proposed rule change and discussed organization [sic] commits to various
Avenue, Overland Park, Kansas 66202 any comments it received on the obligations. Generally, the Exchange
For the Commission, by the Division of proposed rule change. The text of these proposes to indicate that an electronic
Investment Management, pursuant to statements may be examined at the ROT’s transactions, in its market making
delegated authority. places specified in Item IV below. The capacity,5 must constitute a course of
Eduardo Aleman, Exchange has prepared summaries, set dealings reasonably calculated to
Assistant Secretary. forth in sections A, B, and C below, of contribute to the maintenance of a fair
[FR Doc. 2018–06910 Filed 4–4–18; 8:45 am]
the most significant aspects of such and orderly market, and those member
statements. organizations should not make bids or
BILLING CODE 8011–01–P
A. Self-Regulatory Organization’s offers or enter into transactions that are
Statement of the Purpose of, and the inconsistent with such course of
SECURITIES AND EXCHANGE Statutory Basis for, the Proposed Rule dealings. The Exchange also proposes to
COMMISSION Change note, similar to BX Rules at Chapter VII,
Section 5(b) that electronic ROTs should
[Release No. 34–82975; File No. SR–Phlx– 1. Purpose not effect purchases or sales except in
2018–22]
The purpose of this rule change is to a reasonable and orderly manner. While
Self-Regulatory Organizations; Nasdaq reserve the current quoting obligations this rule text is not explicitly noted in
PHLX LLC; Notice of Filing of in Phlx Rule 1014(b)(ii)(D) and adopt Phlx Rule 1014, the rule does today note
Proposed Rule Change To Create a new Phlx Rule 1081, which is currently at Phlx Rule 1014(a) that transactions of
New Rule 1081, To Amend Electronic reserved, to amend the current a Specialist and a ROT should
Market Maker Obligations and Quoting obligations of electronic ROTs on Phlx. constitute a course of dealings
Requirements for Electronic ROTs, The Exchange proposes to entitle Phlx reasonably calculated to contribute to
Which Will Be Defined To Include Rule 1081, ‘‘Electronic Market Maker the maintenance of a fair and orderly
SQTs, RSQTs, Directed SQTs, Directed Obligations and Quoting’’ and adopt market, and those members should not
RSQTs, Specialists, and Remote certain rule text similar to NASDAQ BX, enter into transactions or make bids or
Specialists Inc. (‘‘BX’’) Rules at Chapter VII, Section offers that are inconsistent with such a
5 and quoting obligations similar to BX course of dealings.
March 30, 2018. Rules at Chapter VII, Section 6which Proposed Phlx Rule 1081(a) provides,
Pursuant to Section 19(b)(1) of the [sic] describes the obligations of market ordinarily during trading hours,6 an
Securities Exchange Act of 1934 makers. The Exchange notes that these electronic ROT must: (i) Maintain a two-
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 obligations apply to quotations by of sided market in those options in which
notice is hereby given that on March 20, [sic] SQTs, RSQTs, Directed SQTs, the electronic ROT is registered to trade,
2018, Nasdaq PHLX LLC (‘‘Phlx’’ or the Directed RSQTs, Specialists in a manner that enhances the depth,
‘‘Exchange’’) filed with the Securities (hereinafter, ‘‘electronic ROTs’’) liquidity and competitiveness of the
and Exchange Commission (‘‘SEC’’ or electronically through the Exchange’s market; (ii) engage, to a reasonable
‘‘Commission’’) the proposed rule System.3 The Exchange notes that degree under the existing
change as described in Items I, II, and quotes submitted electronically by a circumstances, in dealings for its own
III below, which Items have been Specialist, while on the trading floor, account when there exists, or it is
prepared by the Exchange. The into the Exchange’s System, would reasonably anticipated that there will
Commission is publishing this notice to qualify toward the Specialist exist, a lack of price continuity, a
solicit comments on the proposed rule requirement. All Specialists are subject temporary disparity between the supply
change from interested persons. to the requirements of Phlx Rule 1081. of (or demand for) a particular option
contract, or a temporary distortion of
I. Self-Regulatory Organization’s Similarly all RSQTs are subject to the
price relationships between option
Statement of the Terms of Substance of requirements of Phlx Rule 1081 as
contracts of the same class; (iii) compete
the Proposed Rule Change RSQTs by definition have no physical
trading floor presence. SQTs by
The Exchange proposes to create a meaning send quotes electronically to the
definition may generate and submit Exchange; instead, pursuant to Commentary .18 of
new Rule 1081, to amend electronic option quotations electronically in Rule 1014, they submit limit orders electronically
quoting for electronic ROTs, which will options to which such SQT is assigned and respond to Floor Brokers verbally.
be defined to include SQTs, RSQTs, while such SQT is physically present on
5 Electronic ROTs are permitted to enter orders on

Directed SQTs, Directed RSQTs, Phlx as permitted in Rule 1080(b)(i)(B). Orders are
the floor of the Exchange. The SQTs not considered market making activity for purposes
Specialists and Remote Specialists. quotations are subject to the obligations of fulfilling quoting or the other obligations of an
amozie on DSK30RV082PROD with NOTICES

The text of the proposed rule change electronic ROT which are proposed herein.
contained in Rule 1081. Non-SQT
is available on the Exchange’s website at 6 The Exchange notes that a trading halt may
ROTs 4 are not subject to the quoting
http://nasdaqphlx.cchwallstreet.com/, cause the obligations of electronic ROTs to be
at the principal office of the Exchange, suspended because the market is not open for
3 System is defined at Phlx Rule 1000(b)(45). trading. The Exchange intends that the obligations
4A non-SQT ROT is an ROT who is neither an of an electronic ROT will be in effect when the
1 15 U.S.C. 78s(b)(1). SQT nor an RSQT. See Rule 1014(b)(ii)(C). By Exchange is open for trading as specified in the
2 17 CFR 240.19b–4. definition, non-SQT ROTs do not ‘‘stream’’ quotes, Exchange’s Rules.

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Document Created: 2018-11-01 09:13:26
Document Modified: 2018-11-01 09:13:26

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Dates		The application was filed on January 24, 2018, and amended on February 22, 2018.
Contact		Shawn Davis, Branch Chief, at (202) 551-6413 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 Citation		83 FR 14689