Trust Seeks to Skip Votes and Veil Subadviser Fees
Published Date: 1/8/2026
Notice
Summary
Elevation Series Trust and Truemark Investments LLC want permission to change their subadvisory agreements without asking shareholders every time. They’re also asking to skip some usual fee disclosures about these subadvisers. If approved, this will speed up their management changes and keep some fee details private, with a chance to speak up by January 30, 2026.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Fund May Change Subadvisers Without Vote
Elevation Series Trust and Truemark Investments LLC asked the SEC for permission to enter into and materially amend subadvisory agreements without shareholder approval and to be exempt from certain fee-disclosure rules about payments to subadvisers. The application was filed on September 23, 2025 and amended on December 30, 2025; if approved, shareholders of the fund would not vote on subadviser changes and some fee details would not have to be disclosed. You can request a hearing on the application by 5:30 p.m. on January 30, 2026.
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