Document ID: SEC-2023-0710-0001
Agency: sec
Document Type: Notice
Title: Application: Deregistration under the Investment Company Act
Posted Date: 2023-07-07T04:00Z

[Federal Register Volume 88, Number 129 (Friday, July 7, 2023)]
[Notices]
[Pages 43404-43405]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14281]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34955]

Deregistration Under Section 8(f) of the Investment Company Act 
of 1940

June 30, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice of applications for reregistration under section 8(f) of 
the Investment Company Act of 1940.

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    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
June 2023. A copy of each application may be obtained via the 
Commission's website by searching for the applicable file number listed 
below, 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. An order 
granting each application will be issued unless the SEC orders a 
hearing. Interested persons may request a hearing on any application by 
emailing the SEC's Secretary at [email protected] and serving 
the relevant applicant 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 SEC by 5:30 p.m. on July 25, 
2023, 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 at 
Secretary[email protected].

ADDRESSES: The Commission: [email protected].

FOR FURTHER INFORMATION CONTACT: Shawn Davis, Assistant Director, at 
(202) 551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, 
Division of Investment Management, Chief Counsel's Office, 100 F Street 
NE, Washington, DC 20549-8010.

Direxion Insurance Trust [File No. 811-09761]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 30, 2015, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $2,000 incurred in connection with the liquidation were 
paid by the applicant's investment adviser.
    Filing Dates: The application was filed on September 9, 2022, and 
amended on March 3, 2023, and June 1, 2023.
    Applicant's Address: 1301 Avenue of the Americas, 28th Floor, New 
York, New York 10019.

Dreyfus Amt-Free Municipal Cash Management Plus [File No. 811-06172]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 18, 2021, applicant made a liquidating 
distribution to its shareholders based on net asset value. Expenses of 
$3,800 incurred in connection with the liquidation were paid by the 
applicant and the applicant's investment adviser.
    Filing Dates: The application was filed on June 15, 2022, and 
amended on August, 12, 2022, May 2, 2023 and May 3, 2023.

[[Page 43405]]

    Applicant's Address: c/o BNY Mellon Investment Adviser, Inc., 240 
Greenwich Street, New York, New York 10286.

Dreyfus Amt-Free New York Municipal Cash Management [File No. 811-
06395]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 18, 2021, applicant made a liquidating 
distribution to its shareholders based on net asset value. Expenses of 
$4,047.06 incurred in connection with the liquidation were paid by the 
applicant and the applicant's investment adviser.
    Filing Dates: The application was filed on June 15, 2022, and 
amended on August 12, 2022 and May 3, 2023.
    Applicant's Address: c/o BNY Mellon Investment Adviser, Inc., 240 
Greenwich Street, New York, New York 10286.

OSI ETF Trust [File No. 811-23167]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 17, 2023, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $5,000 incurred in connection with the liquidation were 
paid by the applicant's investment adviser.
    Filing Dates: The application was filed on January 13, 2023 and 
amended on March 30, 2023 and June 29, 2023.
    Applicant's Address: 75 State Street, Suite 100, Boston, 
Massachusetts.

Pacific Funds Series Trust [File No. 811-10385]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Aristotle Funds Series Trust, and on April 17, 2023 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$3,571,846 incurred in connection with the reorganization were paid by 
the applicant's investment adviser.
    Filing Date: The application was filed on May 22, 2023.
    Applicant's Address: 700 Newport Center Drive, Newport Beach, 
California 92660.

Stone Harbor Investment Funds [File No. 811-22037]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Virtus Opportunities Trust, and on April 8, 2022 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$347,000 incurred in connection with the reorganization were paid by 
the applicant's investment adviser and the acquiring fund's investment 
adviser.
    Filing Date: The application was filed on June 5, 2023.
    Applicant's Address: 31 West 52nd Street, 16th Floor, New York, New 
York 10019.

Value Line Centurion Fund Inc [File No. 811-03835]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 29, 2022, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $25,000 incurred in connection with the liquidation were 
paid by the applicant.
    Filing Dates: The application was filed on April 13, 2023 and 
amended on June 22, 2023.
    Applicant's Address: 7 Time Square, Suite 1606, New York, New York 
10036.

Value Line Funds Variable Trust [File No. 811-05276]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 29, 2022, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $20,000 incurred in connection with the liquidation were 
paid by the applicant.
    Filing Dates: The application was filed on April 13, 2023 and 
amended on June 22, 2023.
    Applicant's Address: 7 Time Square, Suite 1606, New York, New York 
10036.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 2023-14281 Filed 7-6-23; 8:45 am]
BILLING CODE 8011-01-P