Document ID: SEC-2023-0414-0001
Agency: sec
Document Type: Notice
Title: Application: DoubleLine ETF Trust, et al.
Posted Date: 2023-04-14T04:00Z

[Federal Register Volume 88, Number 72 (Friday, April 14, 2023)]
[Notices]
[Page 23114]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07875]

[[Page 23114]]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34881; 812-15373]

DoubleLine ETF Trust, et al.

April 10, 2023.
AGENCY: Securities and Exchange Commission (``Commission'').

ACTION: Notice.

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    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 (as defined below) to enter into and materially amend 
subadvisory agreements with subadvisers without shareholder approval 
and would grant relief from the Disclosure Requirements as they relate 
to fees paid to the subadvisers.

APPLICANTS:  DoubleLine ETF Trust (the ``Trust''), a Delaware statutory 
trust registered under the Act as an open-end management investment 
company with multiple series, which include the DoubleLine 
Opportunistic Bond ETF and the DoubleLine Shiller CAPE[supreg] U.S. 
Equities ETF (each series a ``Fund'' and collectively the ``Funds''), 
and DoubleLine ETF Adviser LP, a Delaware limited partnership 
registered as an investment adviser under the Investment Advisers Act 
of 1940 that serves as investment adviser to the Funds (collectively 
with the Trust, the ``Applicants'').

FILING DATES:  The application was filed on July 25, 2022 and amended 
on November 2, 2022 and January 20, 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 Commission's Secretary at [email protected] 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 May 5, 
2023, 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: [email protected]. Applicants: John 
J. O'Brien, [email protected].

FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, Senior Counsel, or 
Lisa Reid Ragen, 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' second amended 
and restated application, dated January 20, 2023, which may be obtained 
via the Commission's website by searching for the file number, using 
the Company name box, at http://www.sec.gov/search/search.htm, or by 
calling (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-07875 Filed 4-13-23; 8:45 am]
BILLING CODE 8011-01-P