Notice2023-14664

Morningstar Funds Trust and Morningstar Investment Management LLC.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
July 12, 2023

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 88 Issue 132 (Wednesday, July 12, 2023)</title>
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[Federal Register Volume 88, Number 132 (Wednesday, July 12, 2023)]
[Notices]
[Page 44421]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-14664]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34958; File No. 812-15460]


Morningstar Funds Trust and Morningstar Investment Management 
LLC.

AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

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(c) of 
the Act.

SUMMARY OF APPLICATION: The requested exemption would permit a Trust's 
board of trustees (the ``Board'') to approve new sub-advisory 
agreements and material amendments to existing sub-advisory agreements 
without complying with the in-person meeting requirement of Section 
15(c) of the Act.

APPLICANTS:  Morningstar Funds Trust and Morningstar Investment 
Management LLC.

FILING DATES:  The application was filed on April 27, 2023, and amended 
on June 23, 2023 and June 28, 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#cc9fa9afbea9b8adbeb5bfe183aaaaa5afa98cbfa9afe2aba3ba"><span class="__cf_email__" data-cfemail="5d0e383e2f38293c2f242e70123b3b343e381d2e383e733a322b">[email&#160;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 July 31, 
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: <a href="/cdn-cgi/l/email-protection#e5b6808697809184979c96c8aa83838c8680a5968086cb828a93"><span class="__cf_email__" data-cfemail="61320402130415001318124c2e0707080204211204024f060e17">[email&#160;protected]</span></a>. Applicants: Eric 
S. Purple, Esq., Stradley Ronon Stevens & Young, LLP, 
<a href="/cdn-cgi/l/email-protection#9ffaefeaedeff3fadfecebedfefbf3fae6b1fcf0f2"><span class="__cf_email__" data-cfemail="5633262324263a331625222437323a332f7835393b">[email&#160;protected]</span></a> and Mena M. Larmour, Esq., Stradley Ronon Stevens 
& Young, LLP, <a href="/cdn-cgi/l/email-protection#660b0a07140b0913142615121407020a031f4805090b"><span class="__cf_email__" data-cfemail="b5d8d9d4c7d8dac0c7f5c6c1c7d4d1d9d0cc9bd6dad8">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special 
Counsel, 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 
application, dated June 28, 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 
<a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You 
may also call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.

    Dated: July 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-14664 Filed 7-11-23; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on July 12, 2023.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.