Notice2024-02150

BondBloxx ETF Trust and BondBloxx Investment Management Corporation

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
February 5, 2024

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 89 Issue 24 (Monday, February 5, 2024)</title>
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[Federal Register Volume 89, Number 24 (Monday, February 5, 2024)]
[Notices]
[Pages 7757-7758]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-02150]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35119; 812-15526]


BondBloxx ETF Trust and BondBloxx Investment Management 
Corporation

January 30, 2024.
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(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 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:  BondBloxx ETF Trust and BondBloxx Investment Management 
Corporation.

Filing Dates:  The application was filed on November 24, 2023, and 
amended on January 16, 2024 and January 26, 2024.

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#9dcef8feeff8e9fcefe4eeb0d2fbfbf4fef8ddeef8feb3faf2eb"><span class="__cf_email__" data-cfemail="d685b3b5a4b3a2b7a4afa5fb99b0b0bfb5b396a5b3b5f8b1b9a0">[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,

[[Page 7758]]

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 February 26, 2024, 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#11427472637465706368623c5e7777787274516274723f767e67"><span class="__cf_email__" data-cfemail="6f3c0a0c1d0a1b0e1d161c42200909060c0a2f1c0a0c41080019">[email&#160;protected]</span></a>. Applicants: 
Edward Baer, Ropes & Gray LLP, <a href="/cdn-cgi/l/email-protection#bdf8d9cadccfd993ffdcd8cffdcfd2cdd8cedacfdcc493ded2d0"><span class="__cf_email__" data-cfemail="ca8faebdabb8aee488abafb88ab8a5baafb9adb8abb3e4a9a5a7">[email&#160;protected]</span></a>; with a copy 
to Joanna Gallegos, BondBloxx Investment Management Corporation, 
<a href="/cdn-cgi/l/email-protection#7910171f16393b16171d3b151601013c2d3f571a1614"><span class="__cf_email__" data-cfemail="6900070f06292b06070d2b050611112c3d2f470a0604">[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' application, 
dated January 26, 2024, 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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-02150 Filed 2-2-24; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on February 5, 2024.

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.