65762 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 83152 

(May 2, 2018), 83 FR 20892. 

4See Securities Exchange Act Release No. 83479, 

83 FR 29838 (June 26, 2018). 

5 15 U.S.C. 78s(b)(2)(B). 

6See Securities Exchange Act Release No. 83775, 

83 FR 39486 (August 9, 2018). 

7See Securities Exchange Act Release No. 84523, 

83 FR 55780 (November 7, 2018). 

8See letter from Kyle Murray, Assistant General 

Counsel, Cboe Global Markets (September 13, 

2018), available at: https://www.sec.gov/comments/ 

sr-cboebzx-2018-018/srcboebzx2018018.htm. 9 17 CFR 200.30–3(a)(12). 

1Applicants request that the order apply to the 

new series of the Trust as well as to additional 

series of the Trust and any other open-end 

management investment company or series thereof 

that currently exist or that may be created in the 

future (each, included in the term ‘‘Fund’’), each of 

which will operate as an actively-managed ETF. 

Any Fund will (a) be advised by the Initial Adviser 

or an entity controlling, controlled by, or under 

common control with the Initial Adviser (each such 

entity and any successor thereto is included in the 

term ‘‘Adviser’’) and (b) comply with the terms and 

conditions of the application. For purposes of the 

requested order, the term ‘‘successor’’ is limited to 

This Notice will be published in the 

Federal Register. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2018–27620 Filed 12–20–18; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84831; SR–CboeBZX– 

2018–018] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of 

Withdrawal of a Proposed Rule Change 

To List and Trade Shares of the 

Principal Morley Short Duration Index 

ETF Under Rule 14.11(c)(4) 

December 17, 2018. 

On April 23, 2018, Cboe BZX 

Exchange, Inc. (‘‘Exchange’’) 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 shares of the 

Principal Morley Short Duration Index 

ETF. The proposed rule change was 

published for comment in the Federal 

Register on May 8, 2018.3 On June 20, 

2018, the Commission extended the 

time period within which to approve 

the proposed rule change, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change to August 6, 2018.4 On 

August 3, 2018, the Commission 

instituted proceedings under Section 

19(b)(2)(B) of the Act 5 to determine 

whether to approve or disapprove the 

proposed rule change.6 On November 1, 

2018, the Commission designated a 

longer period for Commission action.7

The Commission received one comment 

letter on the proposed rule change.8

On December 7, 2018, the Exchange 

withdrew the proposed rule change 

(SR–CboeBZX–2018–018). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2018–27616 Filed 12–20–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

33327; 812–14912] 

Ai Funds, Inc. and Deep A.I. ETF Trust 

December 18, 2018. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

Notice of an application for an order 

under section 6(c) of the Investment 

Company Act of 1940 (the ‘‘Act’’) for an 

exemption from sections 2(a)(32), 

5(a)(1), 22(d), and 22(e) of the Act and 

rule 22c–1 under the Act, under 

sections 6(c) and 17(b) of the Act for an 

exemption from sections 17(a)(1) and 

17(a)(2) of the Act, and under section 

12(d)(1)(J) of the Act for an exemption 

from sections 12(d)(1)(A) and 

12(d)(1)(B) of the Act. The requested 

order would permit (a) activelymanaged series of certain open-end 

management investment companies 

(‘‘Funds’’) to issue shares redeemable in 

large aggregations only (‘‘Creation 

Units’’); (b) secondary market 

transactions in Fund shares to occur at 

negotiated market prices rather than at 

net asset value (‘‘NAV’’); (c) certain 

Funds to pay redemption proceeds, 

under certain circumstances, more than 

seven days after the tender of shares for 

redemption; (d) certain affiliated 

persons of a Fund to deposit securities 

into, and receive securities from, the 

Fund in connection with the purchase 

and redemption of Creation Units; (e) 

certain registered management 

investment companies and unit 

investment trusts outside of the same 

group of investment companies as the 

Funds (‘‘Funds of Funds’’) to acquire 

shares of the Funds; and (f) certain 

Funds (‘‘Feeder Funds’’) to create and 

redeem Creation Units in-kind in a 

master-feeder structure. 

APPLICANTS: Ai Funds, Inc. (the ‘‘Initial 

Adviser’’), incorporated under the laws 

of the state of Delaware, has its 

principal office in San Francisco, 

California, and Deep A.I. ETF Trust (the 

‘‘Trust’’), a Delaware statutory trust 

registered under the Act as an open-end 

management investment company that 

is expected to have multiple series. 

FILING DATES: The application was filed 

on June 5, 2018, and amended on 

September 20, 2018. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the requested relief will 

be issued unless the Commission orders 

a hearing. Interested persons may 

request a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on January 11, 2019, 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: Secretary, Securities and 

Exchange Commission, 100 F Street NE, 

Washington, DC 20549–1090; 

Applicants: W. John McGuire, Esq., 

Morgan, Lewis & Bockius LLP, 1111 

Pennsylvania Avenue NW, Washington, 

DC 20004–2541. 

FOR FURTHER INFORMATION CONTACT: 

Thankam A. Varghese, AttorneyAdviser, at (202) 551–6646, or Parisa 

Haghshenas, Branch Chief, at (202) 551– 

6723 (Division of Investment 

Management, Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete 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. 

Summary of the Application 

1. Applicants request an order that 

would allow Funds to operate as 

actively-managed exchange traded 

funds (‘‘ETFs’’).1 Fund shares will be 


amozie on DSK3GDR082PROD with NOTICES1