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SEC Company Response from ActiveShares ETF Trust (CIK 0001792795) — Feb 24, 2020

ActiveShares ETF Trust (CIK 0001792795)
Date: Feb. 24, 2020 · CIK: 0001792795 · Accession: 0001193125-20-046297

AI Filing Summary & Sentiment

File numbers found in text: 333-234497, 811-23487

Date
February 24, 2020
Author
Legg Mason Investor Services, LLC
Form
CORRESP
Company
ActiveShares ETF Trust (CIK 0001792795)

Letter

Active Shares ETF Trust

ActiveShares® ETF Trust

620 Eighth Avenue

New York, New York 10018

February 24, 2020

VIA EDGAR

United States Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

Re: ActiveShares® ETF Trust

Pre-Effective Amendment No. 2 to the

Registration Statement on Form N-1A

(File Nos. 333-234497 and 811-23487)

Ladies and Gentlemen:

Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, ActiveShares® ETF Trust (the “Registrant”), a Maryland statutory trust, hereby requests that the effective date of Pre-Effective Amendment No. 2 to the Registration Statement on Form N-1A (the “Registration Statement”) that was filed with the SEC on January 27, 2020 on behalf of the Registrant for the purpose of registering shares of the ClearBridge Focus Value ETF (the “Fund”) (Accession No. 0001193125-20-015437), be accelerated so that such Post-Effective Amendment may become effective on February 26, 2020, or as soon thereafter as practicable.

Sincerely,

ActiveShares® ETF Trust

By: /s/ Jane Trust

Name: Jane Trust

Title: President and Chief Executive Officer

Legg Mason Investor Services, LLC

100 International Drive

Baltimore, Maryland 21202

February 24, 2020

VIA EDGAR

United States Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

Re: ActiveShares® ETF Trust

Pre-Effective Amendment No. 2 to the

Registration Statement on Form N-1A

(File Nos. 333-234497 and 811-23487)

Ladies and Gentlemen:

Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Legg Mason Investor Services, LLC, as distributor to ActiveShares® ETF Trust (the “Registrant”), a Maryland statutory trust, hereby requests that the effective date of Pre-Effective Amendment No. 2 to the Registration Statement on Form N-1A (the “Registration Statement”) that was filed with the SEC on January 27, 2020 on behalf of the Registrant for the purpose of registering shares of the ClearBridge Focus Value ETF (the “Fund”) (Accession No. 0001193125-20-015437), be accelerated so that such Post-Effective Amendment may become effective on February 26, 2020, or as soon thereafter as practicable.

Sincerely,
Legg Mason Investor Services, LLC

Show Raw Text
CORRESP
1
filename1.htm

Active Shares ETF Trust

 ActiveShares® ETF Trust

620 Eighth Avenue

 New York, New
York 10018

 February 24, 2020

 VIA
EDGAR

 United States Securities and Exchange Commission

Division of Investment Management

 100 F Street, NE

Washington, DC 20549

Re:
 ActiveShares® ETF Trust

 Pre-Effective Amendment No. 2 to the

 Registration Statement on Form N-1A

 (File Nos. 333-234497 and
811-23487)

 Ladies and Gentlemen:

Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, ActiveShares® ETF Trust (the “Registrant”), a Maryland statutory trust, hereby requests that the effective date of Pre-Effective Amendment No. 2 to the
Registration Statement on Form N-1A (the “Registration Statement”) that was filed with the SEC on January 27, 2020 on behalf of the Registrant for the purpose of registering shares of the
ClearBridge Focus Value ETF (the “Fund”) (Accession No. 0001193125-20-015437), be accelerated so that such Post-Effective Amendment may become effective
on February 26, 2020, or as soon thereafter as practicable.

 Sincerely,

ActiveShares® ETF Trust

By: /s/ Jane
Trust

Name: Jane Trust

Title: President and Chief Executive Officer

 Legg Mason Investor Services, LLC

100 International Drive

 Baltimore,
Maryland 21202

 February 24, 2020

VIA EDGAR

 United States Securities and Exchange
Commission

 Division of Investment Management

 100 F Street,
NE

 Washington, DC 20549

Re:
 ActiveShares® ETF Trust

 Pre-Effective Amendment No. 2 to the

 Registration Statement on Form N-1A

 (File Nos. 333-234497 and
811-23487)

 Ladies and Gentlemen:

Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Legg Mason Investor Services, LLC, as
distributor to ActiveShares® ETF Trust (the “Registrant”), a Maryland statutory trust, hereby requests that the effective date of
Pre-Effective Amendment No. 2 to the Registration Statement on Form N-1A (the “Registration Statement”) that was filed with the SEC on January 27,
2020 on behalf of the Registrant for the purpose of registering shares of the ClearBridge Focus Value ETF (the “Fund”) (Accession
No. 0001193125-20-015437), be accelerated so that such Post-Effective Amendment may become effective on February 26, 2020, or as soon thereafter as
practicable.

 Sincerely,

Legg Mason Investor Services, LLC

By: /s/ Kenneth
Cieprisz

 Name:
Kenneth Cieprisz

 Title: Vice President and Chief Compliance Officer