Document ID: SEC-2012-1082-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration under the Investment Company Act
Posted Date: 2012-07-06T04:00Z

[Federal Register Volume 77, Number 130 (Friday, July 6, 2012)]
[Notices]
[Pages 40106-40107]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16547]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-30124]

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

June 29, 2012.
    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 2012. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or for an 
applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (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 writing to the 
SEC's Secretary at the address below and serving the relevant applicant 
with a copy of the request, personally or by mail. Hearing requests 
should be received by the SEC by 5:30 p.m. on July 24, 2012, and should 
be accompanied by proof of service on the applicant, in the form of an 
affidavit or, for lawyers, a certificate of service. Hearing requests 
should state the nature of the writer's interest, 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 Secretary, U.S. 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-1090.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus at (202) 551-6810, SEC, 
Division of Investment Management, Office of Investment Company 
Regulation, 100 F Street NE., Washington, DC 20549-8010.

Old Mutual Funds II [File No. 811-4391]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Heitman REIT Fund, a series of FundVantage Trust, and, on June 4, 2012, 
made a final distribution to shareholders based on net asset value. 
Expenses of $104,000 incurred in connection with the

[[Page 40107]]

reorganization were paid by Old Mutual Capital, applicant's investment 
adviser.
    Filing Date: The application was filed on June 5, 2012.
    Applicant's Address: 4643 South Ulster Street, Suite 800, Denver, 
CO 80237.

Milestone Funds [File No. 811-8620]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Milestone Obligations Fund, a series of AdviserOne Funds and, on 
January 20, 2012, made a final distribution to shareholders based on 
net asset value. Expenses of approximately $189,132 incurred in 
connection with the reorganization were paid by CLS Investments, LLC, 
applicant's investment advisers and Gemini Fund Services, LLC, 
investment adviser to the acquiring fund.
    Filing Dates: The application was filed on May 11, 2012, and 
amended on June 7, 2012.
    Applicant's Address: 4020 S. 147th St., Omaha, NE 68137.

WT Mutual Fund [File No. 811-8648]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
corresponding series of Wilmington Funds and, on March 12, 2012, made a 
final distribution to shareholders based on net asset value. Expenses 
of $576,617 incurred in connection with the reorganization were paid by 
the investment adviser on behalf of each fund.
    Filing Date: The application was filed on May 15, 2012.
    Applicant's Address: 1100 North Market Street, Wilmington, DE 
19890.

Value Line New York Tax Exempt Trust [File No. 811-5052]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
The Value Line Tax Exempt Fund, Inc. and, on May 18, 2012, made a final 
distribution to shareholders based on net asset value. Expenses of 
$154,821 incurred in connection with the reorganization were paid by 
applicant and the acquiring fund.
    Filing Date: The application was filed on June 8, 2012.
    Applicant's Address: 7 Times Square, 21st Floor, New York, NY 
10036.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-16547 Filed 7-5-12; 8:45 am]
BILLING CODE 8011-01-P