Federal Register / Vol. 86, No. 37 / Friday, February 26, 2021 / Notices 11805 

number or RIN for this document. The 

general policy for comments and other 

submissions from members of the public 

is to make these submissions available 

for public viewing at http://

www.regulations.gov as they are 

received without change, including any 

personal identifiers or contact 

information. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this ICR, with applicable 

supporting documentation, may be 

obtained by contacting the Office of 

Personnel Management, Employee 

Services, Pay and Leave, 1900 E Street 

NW, Room 7H31, Washington, DC 

20415–8200, Attention: Brenda L. 

Roberts, Deputy Associate Director for 

Pay and Leave, by phone 202–606–7400, 

or sent via electronic mail to pay-leavepolicy@opm.gov. 

SUPPLEMENTARY INFORMATION: The Office 

of Management and Budget is 

particularly interested in comments 

that: 

1. Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

2. Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

3. Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

4. Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

The Federal Wage System (FWS) is 

the pay system established under 5 

U.S.C. 5341 et seq. for prevailing rate 

employees who work in trade, craft, and 

laboring occupations. The FWS 

establishes rates of pay for Federal 

prevailing rate employees through local 

wage surveys of private sector 

employers. The FWS includes 130 

appropriated fund and 118 

nonappropriated fund local wage areas. 

The Establishment Information Form, 

the Wage Data Collection Form, and the 

Wage Data Collection Continuation 

Form are wage survey forms developed 

by OPM based on recommendations of 

the Federal Prevailing Rate Advisory 

Committee for use by the Department of 

Defense to establish prevailing wage 

rates for FWS employees 

Governmentwide. 

Analysis 

Agency: Employee Services, Pay and 

Leave Policy, Office of Personnel 

Management. 

Title: Establishment Information Form 

(DD 1918), Wage Data Collection Form 

(DD 1919), and Wage Data Collection 

Continuation Form (DD 1919C). 

OMB Number: 3260–0036. 

Frequency: Annually. 

Affected Public: Private Sector 

Establishments. 

Number of Respondents: 21,760. 

Estimated Time per Respondent: 1.5 

hours. 

Total Burden Hours: 32,640. 

Office of Personnel Management. 

Alexys Stanley, 

Regulatory Affairs Analyst. 

[FR Doc. 2021–03965 Filed 2–25–21; 8:45 am] 

BILLING CODE 6325–39–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

[OMB Control No. 3206–0219] 

Submission for Review: Revision of an 

Existing Information Collection, 

USAJOBS®

AGENCY: Office of Personnel 

Management. 

ACTION: 30-Day notice and request for 

comments. 

SUMMARY: The Office of Personnel 

Management (OPM) offers the general 

public and other Federal agencies the 

opportunity to comment on a revised 

information collection request (ICR) 

3206–0219, USAJOBS. 

DATES: Comments are encouraged and 

will be accepted until March 29, 2021. 

ADDRESSES: Interested persons are 

invited to submit written comments on 

the proposed information collection to 

the U.S. Office of Personnel 

Management, Human Resources 

Solutions, Federal Staffing Center, 

USAJOBS, 1900 E Street NW, 

Washington, DC 20415, Attention: John 

Still or send them via electronic mail to 

john.still@opm.gov. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this ICR, with applicable 

supporting documentation, may be 

obtained by contacting the U.S. Office of 

Personnel Management, Human 

Resources Solutions, Federal Staffing 

Center, USAJOBS, 1900 E Street NW, 

Washington, DC 20415, Attention: John 

Still, or by sending a request via 

electronic mail to john.still@opm.gov, or 

call 202–606–8001. 

SUPPLEMENTARY INFORMATION: USAJOBS 

is the Federal Government’s centralized 

source for most Federal jobs and 

employment information, including 

both positions that are required by law 

to be posted at that location and 

positions that can be posted there at an 

agency’s discretion. The Applicant 

Profile and Resume Builder are two 

components of the USAJOBS 

application system. USAJOBS reflects 

the minimal critical elements collected 

across the Federal Government to begin 

an application for Federal jobs under 

the authority of sections 1104, 1302, 

3301, 3304, 3320, 3361, 3393, and 3394 

of title 5, United States Code. As 

required by the Paperwork Reduction 

Act of 1995, (Pub. L. 104–13, 44 U.S.C. 

chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is 

soliciting comments for this collection. 

The information collection (OMB No. 

3206–0219) was previously published in 

the Federal Register on November 30, 

2020 at 85 FR 76628 allowing for a 60- 

day public comment period. No 

comments were received for this 

information collection. The purpose of 

this notice is to allow an additional 30 

days for public comments. The Office of 

Management and Budget is particularly 

interested in comments that: 

1. Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

2. Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

3. Enhance the quality, utility, and 

clarity of the information to be 

collected; and Minimize the burden of 

the collection of information on those 

who are to respond, including through 

the use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

Analysis 

Agency: Office of Personnel 

Management 

Title: USAJOBS 

OMB Number: 3206–0219 

Frequency: Annually 

Affected Public: Individuals 

Number of Respondents: 4,529,824 

Estimated Time per Respondent: 43 

Minutes 

Total Burden Hours: 3,246,374 


khammond on DSKJM1Z7X2PROD with NOTICES
11806 Federal Register / Vol. 86, No. 37 / Friday, February 26, 2021 / Notices 

1The term ‘‘Board’’ also includes the board of 

trustees or directors of a future Subadvised Series 

(as defined below). 

2The term ‘‘Independent Board Members’’ means 

the members of the Board who are not parties to the 

Sub-Advisory Agreement (as defined below), or 

‘‘interested persons’’, as defined in Section 2(a)(19) 

of the Act, of any such party. 

3Applicants do not request relief that would 

permit the Board and the Independent Board 

Members to approve renewals of Sub-Advisory 

Agreements at non-in-person meetings. 

4The term ‘‘Adviser’’ includes (i) the Adviser or 

its successors, and (ii) any entity controlling, 

controlled by or under common control with, the 

Adviser or its successors. For the purposes of the 

requested order, ‘‘successor’’ is limited to an entity 

or entities that result from a reorganization into 

another jurisdiction or a change in the type of 

business organization. 

5All registered open-end investment companies 

that currently intend to rely on the requested order 

are named as applicants. Any entity that relies on 

the requested order will do so only in accordance 

with the terms and conditions contained in the 

application. 

6A Sub-Advisory Agreement may also be subject 

to approval by a Subadvised Series’ shareholders. 

Applicants currently rely on a multi-manager 

exemptive order to enter into and materially amend 

Sub-Advisory Agreements without obtaining 

shareholder approval. See Frank Russell Company, 

et al., Investment Company Act Release Nos. 30524 

(May 17, 2013) (notice) and 30556 (Jun. 12, 2013) 

(order). 

7A sub-adviser may manage the assets of a 

Subadvised Series directly or provide the Adviser 

with model portfolio or investment 

recommendation(s) that would be utilized in 

connection with the management of a Subadvised 

Series. 

Office of Personnel Management. 

Alexys Stanley, 

Regulatory Affairs Analyst. 

[FR Doc. 2021–04157 Filed 2–25–21; 8:45 am] 

BILLING CODE 6325–38–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34200; 812–15134] 

Russell Investment Company, et al.; 

Notice of Application 

February 23, 2021. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application under 

Section 6(c) of the Investment Company 

Act of 1940 (‘‘Act’’) for an exemption 

from Section 15(c) of the Act. 

APPLICANTS: Russell Investment 

Company and Russell Investment Funds 

(each a ‘‘Trust,’’ and collectively the 

‘‘Trusts’’), each a Massachusetts 

business trust registered under the Act 

as an open-end management investment 

company with multiple series and 

Russell Investment Management, LLC 

(‘‘Adviser’’), a Washington limited 

liability company registered as an 

investment adviser under the 

Investment Advisers Act of 1940 

(‘‘Advisers Act’’) that serves an 

investment adviser to such series 

(collectively the ‘‘Applicants’’). 

SUMMARY OF APPLICATION: The requested 

exemption would permit each Trust’s 

board of trustees (the ‘‘Board’’) to 

approve new sub-advisory agreements 

and material amendments to existing 

sub-advisory agreements for the 

Subadvised Series (as defined below), 

without complying with the in-person 

meeting requirement of Section 15(c) of 

the Act. 

FILING DATES: The application was filed 

on June 8, 2020, and amended on 

October 2, 2020, and January 19, 2021. 

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 emailing the 

Commission’s Secretary at SecretarysOffice@sec.gov and serving Applicants 

with a copy of the request by email. 

Hearing requests should be received by 

the Commission by 5:30 p.m. on March 

26, 2021, and should be accompanied 

by proof of service on the 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 emailing the 

Commission’s Secretary. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

Mary Beth Albaneze, Esq., Associate 

General Counsel, Russell Investment 

Management, LLC at MAlbaneze@

russellinvestments.com. 

FOR FURTHER INFORMATION CONTACT: 

Bruce R. MacNeil, Senior Counsel, at 

(202) 551–6817, or Kaitlin C. Bottock, 

Branch Chief, at (202) 551–6825 

(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 an Applicant using the ‘‘Company’’ 

name box, at http://www.sec.gov/ 

search/search.htm or by calling (202) 

551–8090. 

I. Requested Exemptive Relief 

1. Applicants request an exemption 

from Section 15(c) of the Act to permit 

the Board,1 including the Independent 

Board Members,2 to approve an 

agreement (each a ‘‘Sub-Advisory 

Agreement’’) pursuant to which a subadviser manages all or a portion of the 

assets of one or more of the series, or a 

material amendment thereof (a ‘‘SubAdviser Change’’), without complying 

with the in-person meeting requirement 

of Section 15(c).3 Under the requested 

relief, the Independent Board Members 

could instead approve a Sub-Adviser 

Change at a meeting at which members 

of the Board participate by any means 

of communication that allows them to 

hear each other simultaneously during 

the meeting. 

2. Applicants request that the relief 

apply to Applicants, as well as to any 

future series of each Trust and any other 

existing or future registered open-end 

management investment company or 

series thereof that intends to rely on the 

requested order in the future and that: 

(i) Is advised by the Adviser; 4 (ii) uses 

the multi-manager structure described 

in the application; and (iii) complies 

with the terms and conditions of the 

application (each, a ‘‘Subadvised 

Series’’).5

II. Management of the Subadvised 

Series 

3. The Adviser will serve as the 

investment adviser to each Subadvised 

Series pursuant to an investment 

advisory agreement with each Trust 

(each an ‘‘Advisory Agreement’’). The 

Adviser, subject to the oversight of the 

Board, will provide continuous 

investment management services to 

each Subadvised Series. Applicants are 

not seeking an exemption from the Act 

with respect to the Advisory 

Agreements. 

4. Applicants state that the 

Subadvised Series may seek to provide 

exposure to multiple strategies across 

various asset classes, thus allowing 

investors to more easily access such 

strategies without the additional 

transaction costs and administrative 

burdens of investing in multiple funds 

to seek to achieve comparable 

exposures. 

5. To that end, the Adviser may 

achieve its desired exposures to specific 

strategies by allocating discrete portions 

of the Subadvised Series’ assets to 

various sub-advisers. Consistent with 

the terms of each Advisory Agreement 

and subject to the Board’s approval,6 the 

Adviser would delegate management of 

all or a portion of the assets of a 

Subadvised Series to a sub-adviser.7

Each sub-adviser would be an 

‘‘investment adviser’’ to the Subadvised 

Series within the meaning of Section 


khammond on DSKJM1Z7X2PROD with NOTICES