[Federal Register Volume 89, Number 139 (Friday, July 19, 2024)]
[Notices]
[Pages 58806-58807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15944]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35278; 812-15601]


Unified Series Trust and Efficient Capital Management, LLC

July 16, 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

[[Page 58807]]

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 certain 
subadvisors without shareholder approval and grant relief from the 
Disclosure Requirements as they relate to fees paid to the subadvisors.

Applicants: Unified Series Trust and Efficient Capital Management, LLC.

Filing Dates: The application was filed on July 12, 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 [email protected] 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 August 
12, 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: [email protected]. Applicants: 
Elisabeth Dahl, Unified Series Trust, c/o Efficient Capital Management, 
LLC, 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246 and 
Cassandra W. Borchers, Esq., [email protected].

FOR FURTHER INFORMATION CONTACT: Adam Lovell, Senior Counsel, or Terri 
Jordan, Branch Chief, 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 filed 
July 12, 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 https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. 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.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-15944 Filed 7-18-24; 8:45 am]
BILLING CODE 8011-01-P