[Federal Register Volume 89, Number 10 (Tuesday, January 16, 2024)]
[Notices]
[Pages 2687-2688]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00605]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. IC-35087; 812-15495]


Elevation Series Trust and Sovereign's Capital Management, LLC

January 9, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

-----------------------------------------------------------------------

    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (``Act'') for an exemption from section 15(a) of 
the Act, as well as from certain disclosure requirements in rule 20a-1 
under the Act, Item 19(a)(3) of Form N-1A, Items 22(c)(1)(ii), 
22(c)(1)(iii), 22(c)(8) and 22(c)(9) of Schedule 14A under the 
Securities Exchange Act of 1934, and Sections 6-07(2)(a), (b), and (c) 
of Regulation S-X (``Disclosure Requirements'').

Summary of Application: The requested exemption would permit Applicants 
to enter into and materially amend subadvisory agreements with certain 
subadvisors without shareholder approval and grant relief from the 
Disclosure Requirements as they relate to fees paid to the subadvisors.

Applicants: Elevation Series Trust and Sovereign's Capital Management, 
LLC.

Filing Dates: The application was filed on August 10, 2023, and amended 
on November 30, 2023.

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 on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#c695a3a5b4a3b2a7b4bfb5eb89a0a0afa5a386b5a3a5e8a1a9b0"><span class="__cf_email__" data-cfemail="0556606677607164777c76284a63636c6660457660662b626a73">[email protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on February 
5, 2024, 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: <a href="/cdn-cgi/l/email-protection#184b7d7b6a7d6c796a616b35577e7e717b7d586b7d7b367f776e"><span class="__cf_email__" data-cfemail="693a0c0a1b0c1d081b101a44260f0f000a0c291a0c0a470e061f">[email protected]</span></a>. Applicants: JoAnn 
M. Strasser, <a href="/cdn-cgi/l/email-protection#6a20052b040444391e180b19190f182a1e0205071a1905040203040f44090507"><span class="__cf_email__" data-cfemail="b7fdd8f6d9d999e4c3c5d6c4c4d2c5f7c3dfd8dac7c4d8d9dfded9d299d4d8da">[email protected]</span></a> and Christopher Moore, 
Elevation Series Trust c/o Sovereign's Capital Management, LLC, 1700 
Broadway, Suite 1850, Denver, CO 80290.

FOR FURTHER INFORMATION CONTACT: Jean E. Minarick, Senior Counsel, or 
Kyle R. Ahlgren, Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' amended 
application, dated November 30, 2023, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field 
on the SEC's EDGAR system.
    The SEC's EDGAR system may be searched at https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also call the 
SEC's Public Reference Room at (202) 551-8090.


[[Page 2688]]


    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-00605 Filed 1-12-24; 8:45 am]
BILLING CODE 8011-01-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>