43440 Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 

1Applicants request relief with respect to any 

existing or future series of the Trust and any other 

existing or future registered open-end management 

investment company or series thereof that: (a) Is 

advised by the Adviser or its successors, including 

any entity controlling, controlled by, or under 

common control with the Adviser or its successors 

(each, also an ‘‘Adviser’’); (b) uses the manager of 

managers structure described in the application; 

and (c) complies with the terms and conditions of 

the application (any such series, a ‘‘Fund’’ and 

collectively, the ‘‘Funds’’). For purposes of the 

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

that results from a reorganization into another 

jurisdiction or a change in the type of business 

organization. 

2The requested relief will not extend to any 

subadviser that is an affiliated person, as defined in 

section 2(a)(3) of the Act, of the Trust, a Fund or 

the Adviser, other than by reason of serving as a 

subadviser to one or more of the Funds. 

3Prior to May, 2017, Innovator Management LLC 

(‘‘Innovator Management’’) served as the Funds’ 

investment adviser. (Innovator and Innovator 

Management are not affiliated persons of each 

other.) Innovator Management entered into an 

agreement with Innovator pursuant to which 

Innovator Management transferred the assets of its 

investment advisory business and related 

intellectual property to Innovator (the 

‘‘Transaction’’). The closing of the Transaction (the 

‘‘Closing’’) occurred on May 9, 2017. The 

Commission previously granted relief to Innovator 

Management and the Trust that, other than the 

identity of the investment adviser, was identical in 

all material respects to that requested in the 

Application. Academy Funds Trust and Innovator 

Management LLC, Investment Company Act Release 

Nos. 31679 (June 17, 2015)(notice) and 31711 (July 

9, 2015)(order) (‘‘Existing Order’’). On May 5, 2017, 

the Commission staff provided oral no-action relief 

to Innovator and the Trust to rely on the Existing 

Order until the earlier of the receipt of any order 

granted by the Commission on the Application or 

150 days from the date of the Closing. 

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, U.S. Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

Applicants: H. Bruce Bond, Innovator 

Capital Management, LLC, 120 N. Hale 

Street, Suite 200, Wheaton, Illinois 

60187. 

FOR FURTHER INFORMATION CONTACT: 

Barbara T. Heussler, Senior Counsel, at 

(202) 551–6990, or Andrea Ottomanelli 

Magovern, Acting Branch Chief, at (202) 

551–6821 (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 

Web site 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. 

Summary of the Application 

1. The Adviser serves as the 

investment adviser to the Funds 

pursuant to investment advisory 

agreements with the Trust on behalf of 

each Fund (collectively, the ‘‘Advisory 

Agreements’’).1 The Adviser is 

responsible for the overall management 

of the Funds’ business affairs and 

selecting investments according to the 

Funds’ investment objectives, policies, 

and restrictions, subject to the authority 

of the board of trustees of the Trust 

(‘‘Board’’). The Advisory Agreements 

permit the Adviser, subject to the 

approval of the Board, to delegate to one 

or more unaffiliated subadvisers (each, 

a ‘‘Subadviser’’ and collectively, the 

‘‘Subadvisers’’) the responsibility to 

provide the day-to-day portfolio 

investment management of each Fund, 

subject to the supervision and direction 

of the Adviser. The primary 

responsibility for managing the Funds 

will remain vested in the Adviser. The 

Adviser will hire, evaluate, allocate 

assets to and oversee the Subadvisers, 

including determining whether a 

Subadviser should be terminated, at all 

times subject to the authority of the 

Board. 

2. Applicants request an exemption to 

permit the Adviser, subject to Board 

approval, to hire certain Subadvisers 

pursuant to Subadvisory Agreements 

and materially amend existing 

Subadvisory Agreements without 

obtaining the shareholder approval 

required under section 15(a) of the Act 

and rule 18f–2 under the Act.2

3. Applicants agree that any order 

granting the requested relief will be 

subject to the terms and conditions 

stated in the application.3 Such terms 

and conditions provide for, among other 

safeguards, appropriate disclosure to 

Fund shareholders and notification 

about subadvisory changes and 

enhanced Board oversight to protect the 

interests of the Funds’ shareholders. 

4. Section 6(c) of the Act provides that 

the Commission may exempt any 

person, security, or transaction or any 

class or classes of persons, securities, or 

transactions from any provisions of the 

Act, or any rule thereunder, if such 

relief is necessary or appropriate in the 

public interest and consistent with the 

protection of investors and purposes 

fairly intended by the policy and 

provisions of the Act. Applicants 

believe that the requested relief meets 

this standard because, as further 

explained in the application, the 

Advisory Agreements will remain 

subject to shareholder approval, while 

the role of the Subadvisers is 

substantially similar to that of 

individual portfolio managers, so that 

requiring shareholder approval of 

Subadvisory Agreements would impose 

unnecessary delays and expenses on the 

Funds. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19577 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15302 and #15303; 

Florida Disaster Number FL–00130] 

Presidential Declaration of a Major 

Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4337–DR), dated September 10, 2017. 

DATES: Issued on 09/10/2017. 

Physical Loan Application Deadline 

Date: 11/09/2017. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/11/2018. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

09/10/2017, applications for disaster 

loans may be filed at the address listed 

above or other locally announced 

locations. 

Incident: Hurricane Irma. 

Incident Period: 09/04/2017 and 

continuing. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Charlotte, 

Collier, Hillsborough, Lee, Manatee, 

Miami-Dade, Monroe, Pinellas, 

Sarasota. 

Contiguous Counties (Economic Injury 

Loans Only): 

Florida: Broward, Desoto, Glades, 

Hardee, Hendry, Highlands, Pasco, 

Polk. 

The Interest Rates are: 

mstockstill on DSK30JT082PROD with NOTICES

Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 43441 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 3.500 

Homeowners without Credit 

Available Elsewhere .............. 1.750 

Businesses with Credit Available Elsewhere ...................... 6.610 

Businesses without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations with 

Credit Available Elsewhere ... 2.500 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

The number assigned to this disaster 

for physical damage is 153028 and for 

economic injury is 153030. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2017–19569 Filed 9–14–17; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15298 and #15299; 

PUERTO RICO Disaster Number PR–00029] 

Presidential Declaration of a Major 

Disaster for the Commonwealth of 

Puerto Rico 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the Commonwealth of 

Puerto Rico (FEMA–4336–DR), dated 

09/10/2017. 

Incident: Hurricane Irma. 

Incident Period: 09/05/2017 and 

continuing. 

DATES: Issued on 09/10/2017. 

Physical Loan Application Deadline 

Date: 11/09/2017. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/11/2018. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

09/10/2017, applications for disaster 

loans may be filed at the address listed 

above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Culebra, 

Vieques 

Contiguous Counties (Economic Injury 

Loans Only): 

None 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 3.500 

Homeowners without Credit 

Available Elsewhere .............. 1.750 

Businesses with Credit Available Elsewhere ...................... 6.610 

Businesses without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations with 

Credit Available Elsewhere ... 2.500 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives without Credit 

Available Elsewhere .............. 3.305 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

The number assigned to this disaster 

for physical damage is 152988 and for 

economic injury is 152990. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2017–19573 Filed 9–14–17; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15300 and #15301; 

PUERTO RICO Disaster Number PR–00030] 

Presidential Declaration of a Major 

Disaster for Public Assistance Only for 

the Commonwealth of Puerto Rico 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the Commonwealth of Puerto Rico 

(FEMA–4336–DR), dated 09/10/2017. 

Incident: Hurricane Irma. 

Incident Period: 09/05/2017 and 

continuing. 

DATES: Issued on 09/10/2017. 

Physical Loan Application Deadline 

Date: 11/09/2017. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/11/2018. 

ADDRESS: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

09/10/2017, Private Non-Profit 

organizations that provide essential 

services of a governmental nature may 

file disaster loan applications at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Culebra, Vieques 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations with 

Credit Available Elsewhere ... 2.500 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.500 

For Economic Injury: 

Non-Profit Organizations 

without Credit Available 

Elsewhere .......................... 2.500 

The number assigned to this disaster 

for physical damage is 153008 and for 

economic injury is 153010. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2017–19572 Filed 9–14–17; 8:45 am] 

BILLING CODE 8025–01–P 

mstockstill on DSK30JT082PROD with NOTICES