Search Results for keywords:"subadvisory agreements"

Found 5 results

Search Results: keywords:"subadvisory agreements"

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  • 2025-01363 — ETF Opportunities Trust and Brookmont Capital Management, LLC
    Type:Notice
    Citation:90 FR 7203
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) announced that ETF Opportunities Trust and Brookmont Capital Management, LLC have applied for an exemption under the Investment Company Act of 1940. This exemption would allow them to make changes to subadvisory agreements without needing shareholder approval and to bypass certain disclosure rules about fees paid to subadvisors. The SEC will issue an order granting this request unless a hearing is requested by February 10, 2025. Interested individuals can request a hearing by contacting the SEC and providing proof of service to the applicants.

    Simple Explanation

    The SEC is thinking about letting two companies change certain money manager agreements and keep the fees they pay secret without asking for a vote from their owners. People can tell the SEC if they don't like this idea before February 10, 2025, but it's a bit complicated to do.

  • 2025-01364 — ETF Opportunities Trust and REX Advisers, LLC
    Type:Notice
    Citation:90 FR 7202
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) issued a notice about an application from ETF Opportunities Trust and REX Advisers, LLC. They are seeking an exemption from specific parts of the Investment Company Act of 1940 and certain disclosure requirements. This exemption would allow them to enter or amend subadvisory agreements without needing shareholder approval and alleviate some obligations on fee disclosures to subadvisors. A hearing or notification will be conducted unless requested by interested parties by February 10, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is thinking about letting some companies make certain changes to how they work with others, like swapping helpers or talking about money, without always asking everyone who owns a piece. Some people worry this might make it harder to see what’s happening with their money, and if anyone wants to say something about this, they have until February 10, 2025, to speak up.

  • 2021-00089 — Esoterica Thematic Trust and Esoterica Capital LLC; Notice of Application
    💰
    Type:Notice
    Citation:86 FR 1551
    Reading Time:about 20 minutes

    The Securities and Exchange Commission announced a notice regarding an application from the Esoterica Thematic Trust and Esoterica Capital LLC. They are seeking an exemption to allow modifications of subadvisory agreements without shareholder approval and relief from certain disclosure rules about fees. The requested exemption would enable more efficient operations by allowing the Adviser to select and amend agreements with subadvisers, subject to approval by the board of trustees, without the need for shareholder meetings. This is intended to streamline processes while ensuring transparency through aggregated fee disclosures.

    Simple Explanation

    The SEC is saying that Esoterica wants permission to change "helpers" who manage money without asking the people who own the money every time. They also want to keep some money secrets about what they pay the helpers, but promise to keep everything fair.

  • 2024-30856 — Kurv ETF Trust and Kurv Investment Management LLC
    Type:Notice
    Citation:89 FR 106680
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Kurv ETF Trust and Kurv Investment Management LLC. They are seeking an exemption that would allow them to make changes to subadvisory agreements without needing shareholder approval. Additionally, the exemption would provide relief from certain disclosure requirements concerning fees paid to subadvisors. Interested parties can request a hearing by January 13, 2025, by emailing the SEC, and they must provide proof of service to the Applicants.

    Simple Explanation

    Kurv ETF Trust and Kurv Investment Management want special permission to change their helpers without asking the people who own parts of their company, and they also want to keep some money information secret. People can tell the SEC if they want to talk about this by January 13, 2025.

  • 2025-02156 — The RBB Fund Trust and Tweedy, Browne Company LLC
    Type:Notice
    Citation:90 FR 8948
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has announced a notice about an application from The RBB Fund Trust and Tweedy, Browne Company LLC. They are seeking an exemption from specific requirements under the Investment Company Act of 1940. This would allow them to make changes to subadvisory agreements without needing shareholder approval. The notice includes details on how interested individuals can request a hearing regarding this application.

    Simple Explanation

    Imagine a company that wants to change who helps manage your money without asking you first, and some people are worried they won't explain why they want to do that. The government is saying that if anyone thinks this isn't fair, they can speak up, but they have to do it quickly and follow special rules.