Notice2025-05710
Deregistration Under Section 8(f) of the Investment Company Act of 1940
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
April 3, 2025
Issuing agencies
Securities and Exchange Commission
Abstract
Applicant seeks an order declaring that it has ceased to be an investment company. On October 17, 2024 and November 19, 2024, applicant made liquidating distributions to its shareholders based on net asset value. Expenses of approximately $129,000 incurred in connection with the reorganization were paid by the applicant's administrator/sponsor, Alight Solutions, LLC. Applicant also has retained approximately $75,000 for the purpose of paying outstanding liabilities. Filing Dates: The application was filed on December 20, 2024 and amended on March 26, 2025. Applicant's Address: 320 South Canal Street, 50th Floor--Suite 5000, Chicago, Illinois 60606.
Full Text
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<title>Federal Register, Volume 90 Issue 63 (Thursday, April 3, 2025)</title>
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[Federal Register Volume 90, Number 63 (Thursday, April 3, 2025)]
[Notices]
[Pages 14679-14680]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05710]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35513]
Deregistration Under Section 8(f) of the Investment Company Act
of 1940
March 28, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice of applications for deregistration 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
March 2025. 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 <a href="https://www.sec.gov/edgar/searchedgar/companysearch.html">https://www.sec.gov/edgar/searchedgar/companysearch.html</a>. You may also call the
SEC's Office of Investor Education and Advocacy 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 <a href="/cdn-cgi/l/email-protection#0350666071667762717a702e4c65656a6066437066602d646c75"><span class="__cf_email__" data-cfemail="b1e2d4d2c3d4c5d0c3c8c29cfed7d7d8d2d4f1c2d4d29fd6dec7">[email protected]</span></a> 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 April
22, 2025, 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
<a href="/cdn-cgi/l/email-protection#20734543524554415259530d6f4646494345605345430e474f56"><span class="__cf_email__" data-cfemail="6e3d0b0d1c0b1a0f1c171d43210808070d0b2e1d0b0d40090118">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#c497a1a7b6a1b0a5b6bdb7e98ba2a2ada7a184b7a1a7eaa3abb2"><span class="__cf_email__" data-cfemail="0556606677607164777c76284a63636c6660457660662b626a73">[email protected]</span></a>.
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.
Alight Series Trust [File No. 811-08885]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On October 17, 2024 and November 19, 2024,
applicant made liquidating distributions to its shareholders based on
net asset value. Expenses of approximately $129,000 incurred in
connection with the reorganization were paid by the applicant's
administrator/sponsor, Alight Solutions, LLC. Applicant also has
retained approximately $75,000 for the purpose of paying outstanding
liabilities.
Filing Dates: The application was filed on December 20, 2024 and
amended on March 26, 2025.
Applicant's Address: 320 South Canal Street, 50th Floor--Suite
5000, Chicago, Illinois 60606.
Insight Select Income Fund [File No. 811-02201]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to KKR Income Opportunities Fund, and on
February 13, 2025 made a final distribution to its shareholders based
on net asset value. Expenses of $536,192 incurred in connection with
the reorganization were paid by the applicant, the applicant's
investment adviser, the acquiring fund, and the acquiring fund's
investment manager.
Filing Date: The application was filed on March 7, 2025.
Applicant's Address: c/o Insight North America LLC, 200 Park
Avenue, 7th Floor, New York, New York 10166.
PPM Funds [File No. 811-23308]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On November 18, 2024, November 21, 2024,
November 22,
[[Page 14680]]
2024, December 10, 2024, December 11, 2024, December 18, 2024, and
December 19, 2024, applicant made liquidating distributions to its
shareholders based on net asset value. Expenses of $37,916 incurred in
connection with the liquidation were paid by the applicant's investment
adviser.
Filing Dates: The application was filed on December 23, 2024 and
amended on February 6, 2025.
Applicant's Address: 225 West Wacker Drive, Suite 1200, Chicago,
Illinois 60606.
Ready Assets U.S. Treasury Money Fund [File No. 811-06211]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On February 13, 2020, applicant made a
liquidating distribution to its shareholders based on net asset value.
Expenses of $39,000 incurred in connection with the liquidation were
paid by the applicant's investment adviser and/or its affiliates.
Filing Date: The application was filed on March 13, 2025.
Applicant's Address: 100 Bellevue Parkway, Wilmington, Delaware
19809.
Transparent Value Trust [File No. 811-22309]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
New Age Alpha Funds Trust, and on October 25, 2024, made a final
distribution to its shareholders based on net asset value. Expenses of
$366,200 incurred in connection with the reorganization were paid by
the applicant, the applicant's investment adviser, and the acquiring
fund's investment advisers.
Filing Date: The application was filed on January 30, 2025 and
amended on March 20, 2025.
Applicant's Address: 330 Madison Avenue, 10th Floor, New York, New
York 10017.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-05710 Filed 4-2-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on April 3, 2025.
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