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Savos Investments Trust – ‘N-8F’ on 4/17/24

On:  Wednesday, 4/17/24, at 3:51pm ET   ·   Accession #:  1137439-24-885   ·   File #:  811-08977

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/17/24  Savos Investments Trust           N-8F                   1:48K                                    Pietrzykowski Kris… R/FA

Application for an SEC Deregistration Order by an Investment Company   —   Form N-8F   —   ICA’40

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-8F        Application for an SEC Deregistration Order by an   HTML     47K 
                Investment Company

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 C: 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 _______________________________________________
FORM N-8F
_______________________________________________ 

APPLICATION FOR DEREGISTRATION OF CERTAIN REGISTERED INVESTMENT COMPANIES
I. General Identifying Information
1.
Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1 above):
 
[_]
Merger
 
[x]
Liquidation
 
[_]
Abandonment of Registration
     
(Note: Abandonments of Registration answer only questions 1 through 16, 25 and 26 of this form and complete verification at the end of the form.)
 
[_]
Election of status as a Business Development Company
     
(Note: Business Development Companies answer only questions 1 through 11 of this form and complete verification at the end of the form.)
2.
Name of fund.
 
Savos Dynamic Hedging Fund
 
Savos Investments Trust (the “Trust”)
3.
Securities and Exchange Commission File No.
 
4.
Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?
 
[x]
Initial Application
[_]
Amendment
5.
Address of Principal Executive Office (include No. & Street, City, State Zip Code):
   
1655 Grant Street, 10th Floor
   
6.
Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form:
   
Fabio Battaglia, Esq
   
2005 Market Street, Suite 2600
   
   
(215) 564-8077
7.
Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in accordance with Rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:

Records Relating to:
Are located at:
Trust’s Fund Administrator, Fund Accountant and Transfer Agent
U.S. Bancorp Fund Services, LLC
615 East Michigan Street, 3rd Floor
1-800-617-0004
Trust’s Custodian
U.S. Bank, N.A.
155 North RiverCenter Drive, Suite 302
513-632-2443
The Trust and the Investment Adviser
Savos Investments Trust
1655 Grant Street, 10th Floor
1-888-278-5809
Trust’s Distributor
AssetMark Brokerage™, LLC
1655 Grant Street, 10th Floor
818-528-3727
 
NOTE:
Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-1 and 31a-2 for the periods specified in those rules.
8.
Classification of fund (check only one):
 
[x]
Management company
 
[_]
Unit investment trust; or
 
[_]
Face amount certificate company.
9.
Sub-classification if the fund is a management company (check only one):
 
[x]
Open-end
[_]
Closed-end
10.
State law under which the fund was organized or formed (e.g., Delaware, Massachusetts):
 
Delaware
11.
Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even if the fund’s contracts with those advisers have been terminated:
   
AssetMark, Inc.
   
1655 Grant Street, 10th Floor
   
12.
Provide the name and address of each principal underwriter of the fund during the last five years, even if the fund’s contracts with those underwriters have been terminated:
   
AssetMark Brokerage™, LLC
   
1655 Grant Street, 10th
   
13.
If the fund is a unit investment trust (“UIT”) provide:
 
(a)
Depositors’ name(s) and address(es:)
   
Not Applicable.
 
(b)
Directors’ name(s) and address(es):
   
Not Applicable

14.
Is there a UIT registered under the Act that served as a vehicle for investment in the fund (e.g., an insurance company separate account)?
 
[_]
Yes
[x]
No
   
If Yes, for each UIT state (name, file no. and business address):
   
Not applicable.
15.
(a)
Did the fund obtain approval from the board of directors concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration
 
[x]
Yes
[_]
No
   
If Yes, state the date on which the board vote took place: May 26, 2022
   
If No, explain: Not applicable.
 
(b)
Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?
 
[_]
Yes
[x]
No
   
If Yes, state the date on which the shareholder vote took place:  Not applicable.
   
If No, explain: Article VIII, Section 3(a) of the Trust’s Agreement and Declaration of Trust provides that any series of the Trust may be dissolved at any time by a vote of a majority of the shares of that series or by the Board of Trustees by written notice to the shareholders of that series.
II. Distributions to Shareholders
16.
Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation?
 
[x]
Yes
[_]
No
 
(a)
If Yes, list the date(s) on which the fund made those distributions:
   
 
(b)
Were the distributions made on the basis of net assets?
   
[x]
Yes
[_]
No
 
(c)
Were the distributions made pro rata based on share ownership?
   
[x]
Yes
[_]
No
 
(d)
If No to (b) or (c) above, describe the method of distributions to shareholders. For Mergers, provide the exchange ratio(s) used and explain how it was calculated:
   
Not applicable.
 
(e)
Liquidations only:
   
Were any distributions to shareholders made in kind?
   
[_]
Yes
[x]
No
   
If Yes, indicate the percentage of fund shares owned by affiliates or any other affiliation of shareholders:
   
Not applicable.
17.
Closed-end funds only:
 
Not Applicable.
 
Has the fund issued senior securities?

 
[_]
Yes
[x]
No
 
If Yes, describe the method of calculating payments to senior securityholders and distributions to other shareholders:
18.
Has the fund distributed all of its assets to the fund’s shareholders?
 
[x]
Yes
[_]
No
 
If No,
   
(a)
How many shareholders does the fund have as of the date of this form filed?
   
(b)
Describe the relationship of each remaining shareholder to the fund:
19.
Are there any shareholders who have not yet received distributions in complete liquidation of their interest?
 
[_]
Yes
[x]
No
 
If Yes, describe briefly the plans (if any) for disturbing to, or preserving the interest of, those shareholders.
III. Assets and Liabilities
20.
Does the fund have any assets as of the date this form is filed?
 
[_]
Yes
[x]
No
 
If Yes,
   
(a)
Describe the type and amount of each asset retained by the fund as of the date this form is filed:
     
Not Applicable.
   
(b)
Why has the fund retained the remaining assets?
     
Not Applicable.
   
(c)
Will the remaining assets be invested in securities?
     
Not Applicable.
21.
Does the fund have any outstanding debts (other than face-amount certificates if the fund is a face-amount certificate company) or any other liabilities?
 
[_]
Yes
[x]
No
 
If yes,
   
(a)
Describe the type and amount of each debt or other liability:
     
Not Applicable.
   
(b)
How does the fund intend to pay these outstanding debts or other liabilities?
     
Not Applicable.
IV. Information About Event(s) Leading to Request For Deregistration
22.
(a)
List the expenses incurred in connection with the Merger or Liquidation:
   
(i)
Legal expenses: $16,005.50
,
 
(ii)
Accounting expenses: $ -

   
(iii)
Other expenses (list and identify separately):
Tail Insurance: $ -
Administrative (CUSIP): $ -
Printing: $4,420.28
Blue Sky: $1,015.00
Proxy: $ -
Fund Administration De-conversion: $2,995.97
   
(iv)
Total expenses (sum of lines (i) - (iii) above): $24,436.75
 
(b)
How were those expenses allocated?
   
The expenses of the liquidation were allocated to the Savos Dynamic Hedging Fund.
 
(c)
Who paid those expenses?
   
All of the expenses were absorbed by AssetMark, Inc. or an affiliate due to the Savos Dynamic Hedging Fund’s contractual fee waivers and expense reimbursement arrangements that were in place during the liquidation.
 
(d)
How did the fund pay for unauthorized expenses (if any)?
   
Not applicable
23.
Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidaton?
 
[_]
Yes
[x]
No
 
If Yes, cite the release number of the Commission’s notice and order or, if no notice or order has been issued, the file number and date the application was filed:
           
V. Conclusion of Fund Business
24.
Is the fund a party to any litigation or administrative proceeding?
 
[_]
Yes
[x]
No
 
If Yes, describe the nature of any litigation or proceeding and the position taken by the fund in that litigation:
25.
Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its affairs?
 
[_]
Yes
[x]
No
 
If Yes, describe the nature and extent of those activities:
           
VI. Mergers Only
26.
(a)
State the name of the fund surviving the Merger.
   
Not Applicable.
 
(b)
State the Investment Company Act file number of the fund surviving the Merger.
   
Not Applicable.
 
(c)
If the merger or reorganization agreement has been filed with the Commission, state the file number(s) and date the agreement was filed:

   
Not Applicable.
 
(d)
If the merger or reorganization agreement has not been filed with the Commission, provide a copy of the agreement as an exhibit to this form.
   
Not Applicable.


VERIFICATION

The undersigned states that (i) he or she has executed this Form N-8F application for an order under Section 8(f) of the Investment Company Act of 1940 on behalf of the Savos Dynamic Hedging Fund, a series of the Trust;  (ii) he or she is the President of the Trust; and (iii) all actions by shareholders, directors, and any other body necessary to authorize the undersigned to execute and file this Form N-8F application have been taken. The undersigned also states that the facts set forth in this Form N-8F application are true to the best of his or her knowledge, information, and belief.
 
 
 
 
President of Assetmark, Inc.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘N-8F’ Filing    Date    Other Filings
Filed on:4/17/24
9/27/2224F-2NT,  N-PX
5/26/22
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