Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 8718-8719 [2018-04087]

Download as PDF 8718 Federal Register / Vol. 83, No. 40 / Wednesday, February 28, 2018 / Notices received no comment letters on the proposed rule change. Section 19(b)(2) of the Act 4 provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is February 25, 2018. The Commission is extending this 45-day time period. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,5 designates April 11, 2018 as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change (File Number SR– CboeBZX–2017–023). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–04033 Filed 2–27–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 33032] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 sradovich on DSK3GMQ082PROD with NOTICES February 23, 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 February 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 https://www.sec.gov/search/ search.htm or by calling (202) 551– 8090. An order granting each application will be issued unless the 4 15 U.S.C. 78s(b)(2). 5 Id. 6 17 CFR 200.30–3(a)(31). VerDate Sep<11>2014 17:25 Feb 27, 2018 Jkt 244001 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 March 20, 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: Bradley Gude, Senior Counsel, at (202) 551–5590 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. Midwest Investors Program [File No. 811–01066] Summary: Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. On June 1, 2017, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $400 incurred in connection with the liquidation were paid by Crossmark Global Investments, Inc. Filing Dates: The application was filed on November 7, 2017, and amended on February 2, 2018. Applicant’s Address: 3700 West Sam Houston Parkway South, Suite 250, Houston, Texas 77042. Scout Funds [File No. 811–09813] Summary: Applicant, an open-end investment company, seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Carillon Series Trust, and, on November 17, 2017, made a final distribution to its shareholders based on net asset value. Expenses of $1,949,125 incurred in connection with the reorganization were split between UMB Financial Corporation and Carillon Tower Advisers, Inc. (or their affiliates), with certain expenses being borne solely by UMB Financial Corporation. PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 Filing Dates: The application was filed on February 6, 2018. Applicant’s Address: 928 Grand Boulevard, Kansas City, Missouri 64106. Morgan Stanley Liquid Asset Fund Inc. [File No. 811–02575] Summary: Applicant, an open-end investment company, seeks an order declaring that it has ceased to be an investment company. On May 23, 2017, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $25,407 incurred in connection with the liquidation were paid by the applicant. Filing Dates: The application was filed on February 9, 2018. Applicant’s Address: c/o Morgan Stanley Investment Management Inc., 522 Fifth Avenue, New York, New York 10036. Rainier Investment Management Mutual Funds [File No. 811–08270] Summary: Applicant, an open-end investment company, seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Hennessy Funds Trust, and, on December 4, 2017 and January 16, 2018, made final distributions to its shareholders based on net asset value. Expenses of $470,000 incurred in connection with the reorganization were split between Rainier Investment Management, LLC and Hennessy Advisors, Inc. Filing Dates: The application was filed on February 13, 2018. Applicant’s Address: 601 Union Street, Suite 3525, Seattle, Washington 98101. PLIFunds Investment Plans [File No. 811–00769] Summary: Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. On June 1, 2017, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $500 incurred in connection with the liquidation were paid by Crossmark Global Investments, Inc. Filing Dates: The application was filed on November 7, 2017, and amended on February 2, 2018 and February 22, 2018. Applicant’s Address: 3700 West Sam Houston Parkway South, Suite 250, Houston, Texas 77042. E:\FR\FM\28FEN1.SGM 28FEN1 Federal Register / Vol. 83, No. 40 / Wednesday, February 28, 2018 / Notices For the Commission, by the Division of Investment Management, pursuant to delegated authority. Robert W. Errett, Deputy Secretary. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,5 designates April 18, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–CboeBZX–2018–001). BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–82759; File No. SR– CboeBZX–2018–001) A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change [FR Doc. 2018–04034 Filed 2–27–18; 8:45 am] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade the Shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF, a Series of the GraniteShares ETP Trust, Under Rule 14.11(f)(4), Trust Issued Receipts February 22, 2018. sradovich on DSK3GMQ082PROD with NOTICES any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–04087 Filed 2–27–18; 8:45 am] On January 5, 2018, Cboe BZX Exchange, Inc. (‘‘BZX’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to list and trade the shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF under BZX Rule 14.11(f)(4). The proposed rule change was published for comment in the Federal Register on January 18, 2018.3 The Commission has received no comments on the proposed rule change. Section 19(b)(2) of the Act 4 provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The Commission is extending this 45-day time period. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 82484 (Jan. 11, 2018), 83 FR 2704. 4 15 U.S.C. 78s(b)(2). BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–82761; File No. SR– NASDAQ–2018–012] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade, Under Nasdaq Rule 5705, the Shares of the Horizons Russell 2000 Covered Call ETF February 22, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on February 9, 2018, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to list and trade, under Nasdaq Rule 5705, the shares (‘‘Index Fund Shares’’ or ‘‘Shares’’) of the Horizons Russell 2000 Covered Call ETF (the ‘‘Fund’’), a series of the Horizons ETF Trust I (the ‘‘Trust’’). II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed 1 15 2 17 VerDate Sep<11>2014 17:25 Feb 27, 2018 Jkt 244001 8719 5 Id. 6 17 CFR 200.30–3(a)(31). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 1. Purpose The Exchange proposes to list and trade the Shares of the Fund under Rule 5705, which rule governs the listing and trading of Index Fund Shares 3 on the Exchange.4 The Shares will be offered by the Fund, which will be a passively managed exchange-traded fund (‘‘ETF’’) that seeks to track the performance of the CBOE Russell 2000 30-Delta BuyWrite V2 Index (the ‘‘Benchmark Index’’).5 The Fund is a series of the Trust. The Trust was established as a Delaware statutory trust on May 17, 3 Rule 5705(b)(1)(A) provides that an ‘‘Index Fund Share’’ is a security (i) that is issued by an openend management investment company based on a portfolio of stocks or fixed income securities or a combination thereof, that seeks to provide investment results that correspond generally to the price and yield performance or total return performance of a specified foreign or domestic stock index, fixed income securities index or combination thereof; (ii) that is issued by such an open-end management investment company in a specified aggregate minimum number in return for a deposit of specified numbers of shares of stock and/or a cash amount, a specified portfolio of fixed income securities and/or a cash amount and/or a combination of the above, with a value equal to the next determined net asset value; and (iii) that, when aggregated in the same specified minimum number, may be redeemed at a holder’s request by such open-end investment company which will pay to the redeeming holder the stock and/or cash, fixed income securities and/or cash and/or a combination thereof, with a value equal to the next determined net asset value. In contrast, an open-end investment company that issues Managed Fund Shares, listed and traded on the Exchange under Nasdaq Rule 5735, seeks to provide investment results from a portfolio of securities selected by its investment adviser consistent with its investment objective and policies. 4 The Commission approved Nasdaq Rule 5705 in Securities Exchange Act Release No. 57962 (June 13, 2008), 73 FR 35175 (June 20, 2008) (SR– NASDAQ–2008–039). 5 The Exchange notes that its proposal to list shares of the Fund which tracks the performance of an index of U.S. exchange-listed options is similar to the proposal and resultant order issued to the NYSE ARCA to list and trade under NYSE Arca Equities Rule 5.2(j)(3) (which is similar to Nasdaq Rule 5705(b)). See Securities Exchange Act Release No. 68708 (January 23, 2013) (SR–NYSEArca–2012– 131) (order approving listing and trading of shares of the Horizons S&P 500 Covered Call ETF, Horizons S&P Financial Select Sector Covered Call ETF and Horizons S&P Energy Select Sector Covered Call ETF). The Exchange believes the proposed rule change does not raise any significant issues not previously addressed in this or prior Commission orders. E:\FR\FM\28FEN1.SGM 28FEN1

Agencies

[Federal Register Volume 83, Number 40 (Wednesday, February 28, 2018)]
[Notices]
[Pages 8718-8719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04087]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 33032]


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

February 23, 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 
February 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 https://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 March 20, 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: Bradley Gude, Senior Counsel, at (202) 
551-5590 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.

Midwest Investors Program [File No. 811-01066]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On June 1, 
2017, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $400 incurred in connection with 
the liquidation were paid by Crossmark Global Investments, Inc.
    Filing Dates: The application was filed on November 7, 2017, and 
amended on February 2, 2018.
    Applicant's Address: 3700 West Sam Houston Parkway South, Suite 
250, Houston, Texas 77042.

Scout Funds [File No. 811-09813]

    Summary: Applicant, an open-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Carillon Series Trust, and, on November 
17, 2017, made a final distribution to its shareholders based on net 
asset value. Expenses of $1,949,125 incurred in connection with the 
reorganization were split between UMB Financial Corporation and 
Carillon Tower Advisers, Inc. (or their affiliates), with certain 
expenses being borne solely by UMB Financial Corporation.
    Filing Dates: The application was filed on February 6, 2018.
    Applicant's Address: 928 Grand Boulevard, Kansas City, Missouri 
64106.

Morgan Stanley Liquid Asset Fund Inc. [File No. 811-02575]

    Summary: Applicant, an open-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On May 23, 
2017, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $25,407 incurred in connection 
with the liquidation were paid by the applicant.
    Filing Dates: The application was filed on February 9, 2018.
    Applicant's Address: c/o Morgan Stanley Investment Management Inc., 
522 Fifth Avenue, New York, New York 10036.

Rainier Investment Management Mutual Funds [File No. 811-08270]

    Summary: Applicant, an open-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Hennessy Funds Trust, and, on December 4, 
2017 and January 16, 2018, made final distributions to its shareholders 
based on net asset value. Expenses of $470,000 incurred in connection 
with the reorganization were split between Rainier Investment 
Management, LLC and Hennessy Advisors, Inc.
    Filing Dates: The application was filed on February 13, 2018.
    Applicant's Address: 601 Union Street, Suite 3525, Seattle, 
Washington 98101.

PLIFunds Investment Plans [File No. 811-00769]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On June 1, 
2017, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $500 incurred in connection with 
the liquidation were paid by Crossmark Global Investments, Inc.
    Filing Dates: The application was filed on November 7, 2017, and 
amended on February 2, 2018 and February 22, 2018.
    Applicant's Address: 3700 West Sam Houston Parkway South, Suite 
250, Houston, Texas 77042.


[[Page 8719]]


    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2018-04087 Filed 2-27-18; 8:45 am]
BILLING CODE 8011-01-P
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