SEC Whispers About Yorkville Trusts: Zzz-Level Bureaucracy
Published Date: 8/4/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Subadvisors Without Shareholder Vote
If you own shares of Yorkville America Investment Trust, the applicants seek permission to enter into and materially amend subadvisory agreements without shareholder approval by obtaining an exemption from section 15(a) of the Investment Company Act of 1940. The application was filed on November 6, 2025 and amended on July 14, 2026; hearing requests must be received by the SEC by 5:30 p.m. Eastern on August 25, 2026.
Fee Disclosure Relief for Subadvisors
The applicants request relief from specific disclosure requirements (including rule 20a-1, 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, and sections 6-07(2)(a)-(c) of Regulation S-X) so that fees paid to subadvisors may not be disclosed as currently required. The application filing date is November 6, 2025 and it was amended July 14, 2026; comments or hearing requests are due by August 25, 2026.
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