Liquidation: DriveWealth ETF Trust

Form Type: N-8F/A

Filing Date: 2025-01-24

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025006356

Filing Summary: DriveWealth ETF Trust is applying for deregistration under the Investment Company Act of 1940, citing liquidation as the reason for this filing. Approval from the board of directors was obtained on July 5, 2024, while a shareholder vote was not required for the liquidation. The fund had made distributions to its shareholders on July 19 and July 30, 2024, which were based on net assets and conducted pro rata based on share ownership. All assets have been distributed, with no shareholders remaining who have not yet received their distributions in complete liquidation. The total expenses associated with the liquidation process amounted to $31,250, primarily attributed to legal and administrative expenses. These costs were managed by DriveAdvisory, LLC. The fund emphasized that it will not engage in any business activities beyond those necessary to wind up its affairs after this liquidation process.