Notice2026-01791

Multi-Class ETF Fund Exemptive Relief Under 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
January 29, 2026

Issuing agencies

Securities and Exchange Commission

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<title>Federal Register, Volume 91 Issue 19 (Thursday, January 29, 2026)</title>
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[Federal Register Volume 91, Number 19 (Thursday, January 29, 2026)]
[Notices]
[Pages 3941-3944]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01791]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35917]


Multi-Class ETF Fund Exemptive Relief Under the Investment 
Company Act of 1940

January 27, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of applications under section 6(c) of the Investment Company 
Act of 1940 (``Act''), each for an exemption from sections 2(a)(32), 
5(a)(1), 18(f)(1), 18(i), 22(d) and 22(e) of the Act and rule 22c-1 
under the Act and under sections 6(c) and 17(b) of the Act for an 
exemption from sections 17(a)(1) and 17(a)(2) of the Act.

SUMMARY OF APPLICATIONS:  In each case, the Applicants (specified 
below) listed in the relevant paragraph below request an order 
(``Order'') that would permit a registered open-end management 
investment company to offer one class of exchange-traded shares that 
operates as an exchange-traded fund (an ``ETF Class,'' and such shares, 
``ETF Shares'') and one or more classes of shares that are not 
exchange-traded (each such class, a ``Mutual Fund Class,'' and such 
shares, ``Mutual Fund Shares,'' and each such fund, a ``Multi-Class ETF 
Fund''). Each Order would provide Multi-Class ETF Funds with two broad 
categories of relief: (i) the relief necessary to permit standard 
exchange-traded fund (``ETF'') operations consistent with Rule 6c-11 
under the Act (``ETF Operational Relief'') and (ii) the relief 
necessary for a fund to offer an ETF Class and one or more Mutual Fund 
Classes (``ETF Class Relief'').

HEARING OR NOTIFICATION OF HEARING:  An order granting the relevant 
application referenced below will be issued unless the SEC orders a 
hearing on that application. Interested persons may request a hearing 
on any application by emailing the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#affccaccddcadbceddd6dc82e0c9c9c6cccaefdccacc81c8c0d9"><span class="__cf_email__" data-cfemail="e5b6808697809184979c96c8aa83838c8680a5968086cb828a93">[email&#160;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. The email should include the 
relevant file number referenced below. Hearing requests should be 
received by the SEC by 5:30 p.m., Eastern time, on February 23, 2026, 
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#5e0d3b3d2c3b2a3f2c272d73113838373d3b1e2d3b3d70393128"><span class="__cf_email__" data-cfemail="3467515746514055464d47197b52525d5751744751571a535b42">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#20734543524554415259530d6f4646494345605345430e474f56"><span class="__cf_email__" data-cfemail="f5a6909687908194878c86d8ba93939c9690b5869096db929a83">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: The relevant person listed under each 
application below, 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, 
which may be obtained via the Commission's website

[[Page 3942]]

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/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's Office of Investor 
Education and Advocacy at (202) 551-8090.

ALPS ETF Trust, et al. [File No. 812-15731]

    Applicants: ALPS ETF Trust, Financial Investors Trust, and ALPS 
Advisors, Inc.
    Filing Dates: The application was filed on March 24, 2025 and 
amended on April 15, 2025, June 27, 2025 and October 10, 2025.
    Addresses: Brendan Hamill, Esq., <a href="/cdn-cgi/l/email-protection#aeccdccbc0cacfc080c6cfc3c7c2c2eeddddcdc7c0cd80cdc1c3"><span class="__cf_email__" data-cfemail="85e7f7e0ebe1e4ebabede4e8ece9e9c5f6f6e6ecebe6abe6eae8">[email&#160;protected]</span></a>; and 
Adam T. Teufel, Esq., Dechert LLP, <a href="/cdn-cgi/l/email-protection#a1c0c5c0cc8fd5c4d4c7c4cde1c5c4c2c9c4d3d58fc2cecc"><span class="__cf_email__" data-cfemail="a1c0c5c0cc8fd5c4d4c7c4cde1c5c4c2c9c4d3d58fc2cecc">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Trace W. Rakestraw, Senior Special Counsel.

Advisors Preferred Trust, et al. [File No. 812-15797]

    Applicants: Advisors Preferred Trust and Advisors Preferred LLC.
    Filing Dates: The application was filed on May 14, 2025 and amended 
on June 23, 2025, October 7, 2025 and January 13, 2026.
    Addresses: Catherine Ayers-Rigsby, Advisors Preferred Trust, 
<a href="/cdn-cgi/l/email-protection#86e5e7ffe3f4f5abf4efe1f5e4ffc6e5e3f4e9f5e0f5a8e5e9eb"><span class="__cf_email__" data-cfemail="c1a2a0b8a4b3b2ecb3a8a6b2a3b881a2a4b3aeb2a7b2efa2aeac">[email&#160;protected]</span></a>; and Parker Bridgeport, Thompson Hine LLP, 
<a href="/cdn-cgi/l/email-protection#3c6c5d4e57594e127e4e55585b594c534e487c685453514c4f535274555259125f5351"><span class="__cf_email__" data-cfemail="ebbb8a99808e99c5a999828f8c8e9b84999fabbf8384869b988485a382858ec5888486">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Kaitlin C. Bottock, Assistant Chief Counsel.

The Alger ETF Trust, et al. [File No. 812-15733]

    Applicants: The Alger ETF Trust, The Alger Funds, The Alger Funds 
II, The Alger Institutional Funds, Alger Global Equity Fund, Fred Alger 
Management, LLC, Weatherbie Capital, LLC, and Redwood Investments, LLC.
    Filing Dates: The application was filed on March 26, 2025 and 
amended on May 22, 2025, June 27, 2025 and October 7, 2025.
    Addresses: Tina Payne, Esq., and Mia Pillinger, Esq., Fred Alger 
Management, LLC, 100 Pearl Street, 27th Floor, New York, New York 
10004; Nicole M. Runyan, P.C., Kirkland & Ellis LLP, 601 Lexington 
Avenue, New York, New York 10022.
    For Further Information Contact: Christopher D. Carlson, Senior 
Counsel, or Kaitlin C. Bottock, Assistant Chief Counsel.

AMG Funds, et al. [File No. 812-15599]

    Applicants: AMG Funds, AMG Funds I, AMG ETF Trust, AMG Funds III, 
and AMG Funds IV, and AMG Funds LLC.
    Filing Dates: The application was filed on July 2, 2024 and amended 
on May 28, 2025, June 27, 2025 and October 9, 2025.
    Addresses: Gregory C. Davis, Esq., Ropes & Gray LLP, 
<a href="/cdn-cgi/l/email-protection#3d7a4f585a524f4413795c4b544e7d4f524d584e5a4f5c44135e5250"><span class="__cf_email__" data-cfemail="84c3f6e1e3ebf6fdaac0e5f2edf7c4f6ebf4e1f7e3f6e5fdaae7ebe9">[email&#160;protected]</span></a>; Mark Duggan, Esq., AMG Funds LLC, 680 
Washington Boulevard, Suite 500, Stamford, Connecticut 06901.
    For Further Information Contact: Deepak T. Pai, Senior Counsel, or 
Trace W. Rakestraw, Senior Special Counsel.

Aristotle Funds Series Trust, et al. [File No. 812-15671]

    Applicants: Aristotle Funds Series Trust and Aristotle Investment 
Services, LLC.
    Filing Dates: The application was filed on December 13, 2024 and 
amended on April 30, 2025, June 20, 2025, and October 7, 2025.
    Addresses: Joseph Lallande, Esq., Aristotle Investment Services, 
LLC, 840 Newport Center Drive, 7th Floor, Newport Beach, CA 92660, 
<a href="/cdn-cgi/l/email-protection#6d07010c01010c0309082d0c1f041e19021901080e0c1d430e0200"><span class="__cf_email__" data-cfemail="a9c3c5c8c5c5c8c7cdcce9c8dbc0daddc6ddc5cccac8d987cac6c4">[email&#160;protected]</span></a>; Rachael Schwartz, Esq., Sullivan & 
Worcester LLP, 1251 Avenue of the Americas, 19th Floor New York, NY 
10020.
    For Further Information Contact: Kris Easter Guidroz, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

BNY Mellon Investment Funds VII, Inc., et al. [File No. 812-15723]

    Applicants: BNY Mellon Investment Funds VII, Inc., BNY Mellon Large 
Cap Securities Fund, Inc., BNY Mellon Opportunity Funds, BNY Mellon 
Short Term Municipal Bond Fund, BNY Mellon Sustainable U.S. Equity 
Fund, Inc., BNY Mellon Advantage Funds, Inc., BNY Mellon Appreciation 
Fund, Inc., BNY Mellon Index Funds, Inc., BNY Mellon Investment Funds 
V, Inc., BNY Mellon Investment Funds VI, BNY Mellon Midcap Index Fund, 
Inc., BNY Mellon New Jersey Municipal Bond Fund, Inc., BNY Mellon New 
York AMT-Free Municipal Bond Fund, BNY Mellon Opportunistic Municipal 
Securities Fund, BNY Mellon Research Growth Fund, Inc., BNY Mellon 
Worldwide Growth Fund, Inc., BNY Mellon Absolute Insight Funds, Inc., 
BNY Mellon California AMT-Free Municipal Bond Fund, Inc., BNY Mellon 
Intermediate Municipal Bond Fund, Inc., BNY Mellon Municipal Funds, 
Inc., BNY Mellon Stock Funds, BNY Mellon Strategic Funds, Inc., BNY 
Mellon Investment Funds I, BNY Mellon Investment Funds II, Inc., BNY 
Mellon Investment Funds III, BNY Mellon Investment Funds IV, Inc., BNY 
Mellon ETF Trust, BNY Mellon ETF Trust II, BNY Mellon Investment 
Adviser, Inc., and BNY Mellon ETF Investment Adviser, LLC.
    Filing Dates: The application was filed on March 13, 2025 and 
amended on April 16, 2025, June 26, 2025 and October 10, 2025.
    Addresses: Michael W. Mundt and Brian P. Murphy, Stradley Ronon 
Stevens & Young, LLP, <a href="/cdn-cgi/l/email-protection#a4c9c9d1cac0d0e4d7d0d6c5c0c8c1dd8ac7cbc9"><span class="__cf_email__" data-cfemail="8ae7e7ffe4eefecaf9fef8ebeee6eff3a4e9e5e7">[email&#160;protected]</span></a> and <a href="/cdn-cgi/l/email-protection#83e1eef6f1f3ebfac3f0f7f1e2e7efe6faade0ecee"><span class="__cf_email__" data-cfemail="791b140c0b091100390a0d0b181d151c00571a1614">[email&#160;protected]</span></a>; 
Jeff Prusnofsky, BNY Mellon Investment Advisers, Inc., 240 Greenwich 
Street, New York, NY 10286.
    For Further Information Contact: Deepak T. Pai, Senior Counsel, or 
Trace W. Rakestraw, Senior Special Counsel.

Calamos Investment Trust, et al. [File No. 812-15829]

    Applicants: Calamos Investment Trust, Calamos Antetokounmpo 
Sustainable Equities Trust, Calamos ETF Trust, Calamos Advisors LLC, 
and Calamos Antetokounmpo Asset Management LLC.
    Filing Dates: The application was filed on June 6, 2025 and amended 
on October 6, 2025.
    Addresses: Erik D. Ojala, <a href="/cdn-cgi/l/email-protection#23464c49424f426340424f424e4c500d404c4e"><span class="__cf_email__" data-cfemail="dfbab0b5beb3be9fbcbeb3beb2b0acf1bcb0b2">[email&#160;protected]</span></a>; Paulita Pike and Rita 
Rubin, Ropes & Gray LLP, <a href="/cdn-cgi/l/email-protection#4f1f2e3a23263b2e611f26242a0f3d203f2a3c283d2e36612c2022"><span class="__cf_email__" data-cfemail="366657435a5f425718665f5d537644594653455144574f1855595b">[email&#160;protected]</span></a> and 
<a href="/cdn-cgi/l/email-protection#b9ebd0cdd897ebccdbd0d7f9cbd6c9dccadecbd8c097dad6d4"><span class="__cf_email__" data-cfemail="66340f1207483413040f082614091603150114071f4805090b">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Kaitlin C. Bottock, Assistant Chief Counsel.

DoubleLine ETF Trust, et al. [File No. 812-15724]

    Applicants: DoubleLine Funds Trust, DoubleLine ETF Trust, 
DoubleLine Capital LP, DoubleLine ETF Adviser LP, and DoubleLine 
Alternatives LP.
    Filing Dates: The application was filed on March 13, 2025 and 
amended on April 16, 2025, June 27, 2025, and October 9, 2025, and 
January 23, 2026.
    Addresses: Ronald R. Redell, DoubleLine Funds Trust, 
<a href="/cdn-cgi/l/email-protection#d995bcbeb8b599bdb6acbbb5bcb5b0b7bcf7bab6b4"><span class="__cf_email__" data-cfemail="09456c6e6865496d667c6b656c6560676c276a6664">[email&#160;protected]</span></a>; and Jeremy C. Smith, Ropes & Gray LLP, 
<a href="/cdn-cgi/l/email-protection#612b0413040c184f320c08150921130e110412061300184f020e0c"><span class="__cf_email__" data-cfemail="317b5443545c481f625c58455971435e415442564350481f525e5c">[email&#160;protected]</span></a>.
    For Further Information Contact: Kris Easter Guidroz, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

First Trust Exchange-Traded Fund, et al. [File No. 812-15698]

    Applicants: First Trust Exchange-Traded Fund, First Trust Exchange-
Traded Fund II, First Trust Exchange-Traded Fund III, First Trust 
Exchange-Traded Fund IV, First Trust Exchange-

[[Page 3943]]

Traded Fund V, First Trust Exchange-Traded Fund VI, First Trust 
Exchange-Traded Fund VII, First Trust Exchange-Traded Fund VIII, First 
Trust Exchange-Traded AlphaDEX[supreg] Fund, First Trust Exchange-
Traded AlphaDEX[supreg] Fund II, First Trust Series Fund, and First 
Trust Advisors L.P.
    Filing Dates: The application was filed on February 6, 2025 and 
amended on May 15, 2025, July 17, 2025, and October 8, 2025.
    Addresses: W. Scott Jardine, Esq., First Trust Advisors L.P., 120 
East Liberty Drive, Suite 400, Wheaton, IL 60187; and Eric F. Fess, 
Esq., Felice R. Foundos, Esq., Morrison C. Warren, Esq., and Suzanne M. 
Russell, Esq., Chapman and Cutler LLP, <a href="/cdn-cgi/l/email-protection#1e787b6d6d5e7d767f6e737f70307d7173"><span class="__cf_email__" data-cfemail="b6d0d3c5c5f6d5ded7c6dbd7d898d5d9db">[email&#160;protected]</span></a>, 
<a href="/cdn-cgi/l/email-protection#89efe6fce7ede6fac9eae1e8f9e4e8e7a7eae6e4"><span class="__cf_email__" data-cfemail="cdaba2b8a3a9a2be8daea5acbda0aca3e3aea2a0">[email&#160;protected]</span></a>, <a href="/cdn-cgi/l/email-protection#94e3f5e6e6f1fad4f7fcf5e4f9f5fabaf7fbf9"><span class="__cf_email__" data-cfemail="5621372424333816353e37263b37387835393b">[email&#160;protected]</span></a>, and <a href="/cdn-cgi/l/email-protection#dfadaaacacbab3b39fbcb7beafb2beb1f1bcb0b2"><span class="__cf_email__" data-cfemail="6a181f19190f06062a09020b1a070b0444090507">[email&#160;protected]</span></a>.
    For Further Information Contact: Kris Easter Guidroz, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

Gabelli Equity Series Funds, Inc., et al. [File No. 812-15866]

    Applicants: Gabelli Equity Series Funds, Inc., Gamco Global Series 
Funds, Inc., Gabelli Innovations Trust, Gabelli Investor Funds, Inc., 
Gabelli International Growth Fund, Inc., Gabelli Gold Fund, Inc., 
Gabelli SRI Fund, Inc., Gabelli Value 25 Fund Inc., Gabelli 787 Fund, 
Inc., Comstock Funds, Inc., Gabelli Asset Fund, The Gabelli Dividend 
Growth Fund, The Gabelli Utilities Fund, The Gabelli Growth Fund, 
Keeley Funds, Inc., Teton Westwood Funds, Gabelli Funds, LLC, Teton 
Advisors, LLC, and Keeley Teton Advisors, LLC.
    Filing Dates: The application was filed on July 25, 2025 and 
amended on October 7, 2025 and January 14, 2026.
    Addresses: Peter D. Goldstein, GAMCO Investors, Inc., 
<a href="/cdn-cgi/l/email-protection#0e5e4961626a7d7a6b67604e696f6c6b626267206d6163"><span class="__cf_email__" data-cfemail="c29285adaea6b1b6a7abac82a5a3a0a7aeaeabeca1adaf">[email&#160;protected]</span></a>; and Karen A. Aspinall, Esq. and Robert J. 
Rhatigan, Esq., Practus, LLP, <a href="/cdn-cgi/l/email-protection#81eae0f3e4efafe0f2f1e8efe0ededc1f1f3e0e2f5f4f2afe2eeec"><span class="__cf_email__" data-cfemail="82e9e3f0e7ecace3f1f2ebece3eeeec2f2f0e3e1f6f7f1ace1edef">[email&#160;protected]</span></a>, and 
<a href="/cdn-cgi/l/email-protection#95e7faf7f0e7e1bbe7fdf4e1fcf2f4fbd5e5e7f4f6e1e0e6bbf6faf8"><span class="__cf_email__" data-cfemail="80f2efe2e5f2f4aef2e8e1f4e9e7e1eec0f0f2e1e3f4f5f3aee3efed">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Trace W. Rakestraw, Senior Special Counsel.

The Hartford Mutual Funds, Inc., et al. [File No. 812-15635]

    Applicants: The Hartford Mutual Funds, Inc., The Hartford Mutual 
Funds II, Inc., Hartford Funds Exchange-Traded Trust, Lattice 
Strategies Trust, Hartford Funds Management Company, LLC, and Lattice 
Strategies LLC.
    Filing Dates: The application was filed on September 24, 2024 and 
amended on April 11, 2025, June 18, 2025, and October 9, 2025, and 
January 22, 2026.
    Addresses: Thomas R. Phillips, Hartford Mutual Funds, Inc., 
<a href="/cdn-cgi/l/email-protection#06726e696b677528766e6f6a6a6f7675466e6774726069746260736862752865696b"><span class="__cf_email__" data-cfemail="44302c2b2925376a342c2d28282d3437042c253630222b362022312a20376a272b29">[email&#160;protected]</span></a>; and John V. O'Hanlon, Esq. and Adam 
T. Teufel, Esq., Dechert LLP, <a href="/cdn-cgi/l/email-protection#f59f9a9d9bdb9a9d949b999a9bb59190969d908781db969a98"><span class="__cf_email__" data-cfemail="81ebeee9efafeee9e0efedeeefc1e5e4e2e9e4f3f5afe2eeec">[email&#160;protected]</span></a> and 
<a href="/cdn-cgi/l/email-protection#204144414d0e54455546454c60444543484552540e434f4d"><span class="__cf_email__" data-cfemail="59383d3834772d3c2c3f3c35193d3c3a313c2b2d773a3634">[email&#160;protected]</span></a>.
    For Further Information Contact: Kris Easter Guidroz, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

Impax Funds Series Trust I, et al. [File No. 812-15631]

    Applicants: Impax Funds Series Trust I, Impax Funds Series Trust 
III, and Impax Asset Management LLC.
    Filing Dates: The application was filed on September 20, 2024 and 
amended on April 18, 2025, June 25, 2025, October 7, 2025, and January 
13, 2026.
    Addresses: Edward Farrington, <a href="/cdn-cgi/l/email-protection#b8dd96ded9cacad1d6dfccd7d6f8d1d5c8d9c0d9d596dbd7d5"><span class="__cf_email__" data-cfemail="3d58135b5c4f4f54535a4952537d54504d5c455c50135e5250">[email&#160;protected]</span></a>; Brian D. 
McCabe and Jimena A. Smith, Ropes & Gray LLP, 
<a href="/cdn-cgi/l/email-protection#a7c5d5cec6c989cac4c4c6c5c2e7d5c8d7c2d4c0d5c6de89c4c8ca"><span class="__cf_email__" data-cfemail="dab8a8b3bbb4f4b7b9b9bbb8bf9aa8b5aabfa9bda8bba3f4b9b5b7">[email&#160;protected]</span></a> and <a href="/cdn-cgi/l/email-protection#f3999a9e969d92dd809e9a879bb3819c8396809481928add909c9e"><span class="__cf_email__" data-cfemail="c0aaa9ada5aea1eeb3ada9b4a880b2afb0a5b3a7b2a1b9eea3afad">[email&#160;protected]</span></a>.
    For Further Information Contact: Deepak T. Pai, Senior Counsel, or 
Trace W. Rakestraw, Senior Special Counsel.

Invesco Exchange-Traded Fund Trust, et al. [File No. 812-15672]

    Applicants: Invesco Exchange-Traded Fund Trust, Invesco Exchange-
Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco 
Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed 
Exchange-Traded Commodity Fund Trust, Invesco Exchange-Traded Self-
Indexed Fund Trust, AIM Counselor Series Trust (Invesco Counselor 
Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group 
(Invesco Funds Group), AIM Growth Series (Invesco Growth Series), AIM 
International Mutual Funds (Invesco International Mutual Funds), AIM 
Investment Funds (Invesco Investment Funds), AIM Investment Securities 
Funds (Invesco Investment Securities Funds), AIM Sector Funds (Invesco 
Sector Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), Invesco 
Management Trust, Invesco Capital Management LLC, and Invesco Advisers, 
Inc.
    Filing Dates: The application was filed on December 16, 2024 and 
amended on April 17, 2025, June 27, 2025, and October 8, 2025.
    Addresses: Adam Henkel, Invesco Capital Management LLC, 
<a href="/cdn-cgi/l/email-protection#a9e8cdc8c487e1ccc7c2ccc5e9c0c7dfccdacac687cac6c4"><span class="__cf_email__" data-cfemail="d998bdb8b4f791bcb7b2bcb599b0b7afbcaabab6f7bab6b4">[email&#160;protected]</span></a>; and Michael W. Mundt, Stradley Ronon Stevens & 
Young, LLP, <a href="/cdn-cgi/l/email-protection#117c7c647f75655162656370757d74683f727e7c"><span class="__cf_email__" data-cfemail="0865657d666c7c487b7c7a696c646d71266b6765">[email&#160;protected]</span></a>.
    For Further Information Contact: Kris Easter Guidroz, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

Lazard Active ETF Trust, et al. [File No. 812-15842]

    Applicants: Lazard Active ETF Trust, The Lazard Funds, Inc., and 
Lazard Asset Management LLC.
    Filing Dates: The application was filed on June 27, 2025 and 
amended on October 10, 2025.
    Addresses: Mark R. Anderson, Esq., <a href="/cdn-cgi/l/email-protection#a2cfc3d0c98cc3ccc6c7d0d1cdcce2cec3d8c3d0c68cc1cdcf"><span class="__cf_email__" data-cfemail="fc919d8e97d29d9298998e8f9392bc909d869d8e98d29f9391">[email&#160;protected]</span></a>; and 
Allison M. Fumai, Esq., Dechert LLP, <a href="/cdn-cgi/l/email-protection#02636e6e6b716d6c2c64776f636b426667616a6770762c616d6f"><span class="__cf_email__" data-cfemail="a4c5c8c8cdd7cbca8ac2d1c9c5cde4c0c1c7ccc1d6d08ac7cbc9">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Trace W. Rakestraw, Senior Special Counsel.

Natixis Funds Trust I, et al. [File No. 812-15627]

    Applicants: Natixis Funds Trust I, Natixis Funds Trust II, Natixis 
Funds Trust IV, Gateway Trust, Loomis Sayles Funds I, Loomis Sayles 
Funds II, Natixis ETF Trust, Natixis ETF Trust II, Natixis Advisors, 
LLC, Loomis, Sayles & Company, L.P., AEW Capital Management, L.P., 
Gateway Investment Advisers, LLC, Mirova US LLC, Harris Associates 
L.P., and Vaughan Nelson Investment Management, L.P.
    Filing Dates: The application was filed on September 12, 2024 and 
amended on April 17, 2025, July 1, 2025 and October 7, 2025.
    Addresses: Susan McWhan Tobin, Esq., Natixis Advisors, LLC, 888 
Boylston Street, Boston, MA 02199; Jessica L. Reece and Michael G. 
Doherty, Ropes & Gray LLP, 800 Boylston Street, Boston, MA 02199.
    For Further Information Contact: Christopher D. Carlson, Senior 
Counsel, or Kaitlin C. Bottock, Assistant Chief Counsel.

New Age Alpha Funds Trust, et al. [File No. 812-15803]

    Applicants: New Age Alpha Funds Trust and New Age Alpha Advisors, 
LLC.
    Filing Dates: The application was filed on May 19, 2025 and amended 
on June 27, 2025, October 1, 2025 and December 22, 2025.
    Addresses: Michael J. Semack, Esq., New Age Alpha Advisors, LLC, 
<a href="/cdn-cgi/l/email-protection#afc2dccac2ceccc4efc1cad8cec8cacec3dfc7ce81ccc0c2"><span class="__cf_email__" data-cfemail="553826303834363e153b30223432303439253d347b363a38">[email&#160;protected]</span></a>; Bo James Howell, Esq., FinTech Law, LLC, 
<a href="/cdn-cgi/l/email-protection#c7a5a8e9afa8b0a2abab87a1aea9b3a2a4afaba2a0a6abe9aea8"><span class="__cf_email__" data-cfemail="23414c0d4b4c54464f4f63454a4d5746404b4f4644424f0d4a4c">[email&#160;protected]</span></a>.
    For Further Information Contact: Christopher D. Carlson, Senior 
Counsel, or Trace W. Rakestraw, Senior Special Counsel.

[[Page 3944]]

Thrivent Mutual Funds, et al. [File No. 812-15621]

    Applicants: Thrivent Mutual Funds, Thrivent ETF Trust and Thrivent 
Asset Management, LLC.
    Filing Dates: The application was filed on August 28, 2024 and 
amended on April 22, 2025, June 23, 2025 and October 9, 2025.
    Addresses: John D. Jackson, <a href="/cdn-cgi/l/email-protection#7a301b0354301b19110915143a0e1208130c1f140e54191517"><span class="__cf_email__" data-cfemail="440e253d6a0e25272f372b2a04302c362d32212a306a272b29">[email&#160;protected]</span></a>; Jeremy C. 
Smith and Ali R. Olia, Ropes & Gray LLP, <a href="/cdn-cgi/l/email-protection#7e341b0c1b1307502d13170a163e0c110e1b0d190c1f07501d1113"><span class="__cf_email__" data-cfemail="3f755a4d5a5246116c52564b577f4d504f5a4c584d5e46115c5052">[email&#160;protected]</span></a> and 
<a href="/cdn-cgi/l/email-protection#a5e4c9cc8beac9ccc4e5d7cad5c0d6c2d7c4dc8bc6cac8"><span class="__cf_email__" data-cfemail="296845400766454048695b46594c5a4e5b4850074a4644">[email&#160;protected]</span></a>.
    For Further Information Contact: Laura L. Solomon, Senior Counsel, 
or Trace W. Rakestraw, Senior Special Counsel.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-01791 Filed 1-28-26; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on January 29, 2026.

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