Trust Asks SEC to Skip Shareholder Votes on Advisers
Published Date: 7/14/2026
Notice
Summary
Elevation Series Trust and CresAlta Investment Management 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 process without extra costs to investors, with a decision expected by early August 2026.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Shareholder Approval and Fee Disclosure Waiver
If you own shares of Elevation Series Trust, the fund and its adviser have applied for permission to enter into and materially change subadvisory agreements without asking shareholders to approve each change. They also seek relief from specific fee-disclosure rules (including section 15(a), rule 20a-1, Item 19(a)(3) of Form N-1A, certain items of Schedule 14A, and parts of Regulation S-X). The application was filed May 26, 2026, and the SEC will issue an order unless a hearing is requested by August 03, 2026.
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