[Federal Register Volume 85, Number 128 (Thursday, July 2, 2020)]
[Notices]
[Pages 39940-39942]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14223]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 33914]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

June 26, 2020.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
June 2020. A copy of each application may be obtained via the 
Commission's website by searching for the file number, or for an 
applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (202) 551-8090. An order granting each 
application will be issued unless the SEC orders a hearing. Interested 
persons may request a hearing on any application by emailing the SEC's 
Secretary at Secretarys-Office@sec.gov and serving the relevant 
applicant with a copy of the request by email, if an email address is 
listed for the relevant applicant below, or personally or by mail, if a 
physical address is listed for the relevant applicant below. Hearing 
requests should be received by the SEC by 5:30 p.m. on July 21, 2020, 
and should be accompanied by proof of service on applicants, in the 
form of an affidavit or, for lawyers, a certificate of service. 
Pursuant to Rule 0-5 under the Act, hearing requests should state the 
nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by writing to the Commission's Secretary at 
Secretarys-Office@sec.gov.

ADDRESSES: The Commission: Secretarys-Office@sec.gov.

FOR FURTHER INFORMATION CONTACT:  Shawn Davis, Assistant Director, at 
(202) 551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, 
Division of Investment Management, Chief Counsel's Office, 100 F Street 
NE, Washington, DC 20549-8010.

Cushing ETF Trust [File No. 811-23367]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 27, 2019, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $10,000 incurred in connection with the liquidation were 
paid by the applicant's investment adviser.
    Filing Dates: The application was filed on November 29, 2019, and 
amended on June 12, 2020.
    Applicant's Address: kevin.hardy@skadden.com.

Oppenheimer Capital Appreciation Fund [File No. 811-03105]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Counselor Series Trust (Invesco Counselor Series Trust), and on May 
24, 2019, made a final distribution to its shareholders based on net 
asset value. Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Capital Income Fund [File No. 811-01512]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Developing Markets Fund [File No. 811-07657]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Dividend Opportunity Fund [File No. 811-21208]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Equity Funds (Invesco Equity Funds), and on May 24, 2019, made a 
final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.

[[Page 39941]]

    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Emerging Markets Innovators Fund [File No. 811-22943]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Emerging Markets Local Debt Fund [File No. 811-22400]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Global Focus Fund [File No. 811-22092]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM International Mutual Funds (Invesco International Mutual Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Global Fund [File No. 811-01810]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM International Mutual Funds (Invesco International Mutual Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Global High Yield Fund [File No. 811-22609]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Securities Funds (Invesco Investment Securities Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Global Multi-Asset Growth Fund [File No. 811-23052]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM International Mutual Funds (Invesco International Mutual Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Global Multi-Asset Income Fund [File No. 811-22993]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Gold & Special Minerals Fund [File No. 811-03694]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Sector Funds (Invesco Sector Funds), and on May 24, 2019, made a 
final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer International Bond Fund [File No. 811-07255]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer International Equity Fund [File No. 811-06105]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM International Mutual Funds (Invesco International Mutual Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.

[[Page 39942]]

    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer International Growth Fund [File No. 811-07489]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM International Mutual Funds (Invesco International Mutual Funds), 
and on May 24, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $1,300,306.94 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser and the acquiring fund's investment adviser, and/or 
their affiliates.
    Filing Date: The application was filed on May 4, 2020.
exception occurred on : 2020-14223.htm
exception occurred on : 2020-14223.htm
    Applicant's Address: Taylor[email protected].

Oppenheimer Macquarie Global Infrastructure Fund [File No. 811-23135]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Investment Funds (Invesco Investment Funds), and on May 24, 2019, 
made a final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Master Loan Fund, LLC [File No. 811-22137]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Counselor Series Trust (Invesco Counselor Series Trust), and on May 
24, 2019, made a final distribution to its shareholders based on net 
asset value. Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Senior Floating Rate Fund [File No. 811-09373]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Counselor Series Trust (Invesco Counselor Series Trust), and on May 
24, 2019, made a final distribution to its shareholders based on net 
asset value. Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Senior Floating Rate Plus Fund [File No. 811-22844]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Counselor Series Trust (Invesco Counselor Series Trust), and on May 
24, 2019, made a final distribution to its shareholders based on net 
asset value. Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Small Cap Value Fund [File No. 811-23090]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Sector Funds (Invesco Sector Funds), and on May 24, 2019, made a 
final distribution to its shareholders based on net asset value. 
Expenses of $1,300,306.94 incurred in connection with the 
reorganization were paid by the applicant's investment adviser and the 
acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Oppenheimer Variable Account Funds [File No. 811-04108]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
AIM Variable Insurance Funds (Invesco Variable Insurance Funds), and on 
May 24, 2019, made a final distribution to its shareholders based on 
net asset value. Expenses of $1,300,306.94 incurred in connection with 
the reorganization were paid by the applicant's investment adviser and 
the acquiring fund's investment adviser, and/or their affiliates.
    Filing Date: The application was filed on May 4, 2020.
    Applicant's Address: Taylor.Edwards@invesco.com.

Salt Funds Trust [File No. 811-23406]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Salt Low truBeta US Market ETF, a series of ETF Series Solutions, and 
on December 16, 2019, made a final distribution to its shareholders 
based on net asset value. Expenses of $31,607.56 incurred in connection 
with the reorganization were paid by the applicant's investment 
adviser.
    Filing Date: The application was filed on May 12, 2020.
    Applicant's Address: michael.barolsky@usbank.com.

Small Cap Value Fund, Inc. [File No. 811-21782]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 9, 2019, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
No expenses were incurred in connection with the liquidation.
    Filing Dates: The application was filed on December 10, 2019, and 
amended on June 18, 2020.
    Applicant's Address: adamsaa@sbcglobal.net.

UBS Life Insurance Company USA Separate Account [File No. 811-07536]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
is not making and does not presently propose to make a public offering 
of its securities, and will continue to operate in reliance on section 
3(c)(1) of the 1940 Act.
    Filing Dates: The application was filed on May 2, 2019, and amended 
on May 18, 2020.
    Applicant's Address: fredbellamy@eversheds-sutherland.us.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-14223 Filed 7-1-20; 8:45 am]
BILLING CODE 8011-01-P


