SEC receives exemption application from ABX Longevity Fund and ABL Wealth Advisors
The ABX Longevity Growth and Income Fund and ABL Wealth Advisors seek SEC approval to issue multiple share classes and charge asset-based fees; hearing requests must be filed by Oct. 20, 2026.
The Securities and Exchange Commission posted a notice of an application filed on August 7, 2026, by ABX Longevity Growth and Income Fund and ABL Wealth Advisors, LLC. The filing seeks an exemption from sections 18(a)(2), 18(c) and 18(i) of the Investment Company Act of 1940, an exemption from rule 23c-3, and an order pursuant to section 17(d) and rule 17d-1 of the Act.
The applicants request that the Commission issue an order permitting certain registered closed-end investment companies to issue multiple classes of shares and to impose asset-based distribution or service fees and early withdrawal charges. The relief would modify the current prohibitions on such fee structures and share-class arrangements for the funds covered by the application.
Interested persons may request a hearing on the application by emailing the SEC's Secretary and serving the applicants with a copy of the request. Hearing requests must be received by 5:30 p.m., Eastern Time, on October 20, 2026, and must include proof of service, such as an affidavit or a lawyer's certificate of service, and state the requestor's interest, relevant facts, and contested issues. Parties wishing to be notified of a hearing may also request notification by email.
For further information, the SEC listed Trace W. Rakestraw, Senior Special Counsel, as the contact at (202) 551-6825. Applicants' contact details are Ralph Milne, 333 South Garland Ave., Suite 1500, Orlando, FL 32801, and counsel Gregory Davis and James McGinnis of Ropes & Gray LLP. The Commission will issue an order granting the requested relief unless a hearing is ordered.
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