Diameter Fund Requests Flexible Fees and Share Classes
Published Date: 9/30/2025
Notice
Summary
Diameter Dynamic Credit Fund and its advisor want permission to offer different types of shares with special fees and early withdrawal charges. This change affects investors in these funds and could impact how much they pay or get charged. If no one asks for a hearing by October 21, 2025, the SEC will approve it automatically.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Permission to Charge New Fees and Withdrawal Penalties
The applicants asked the SEC for an order to allow certain registered closed-end funds to impose asset-based distribution and/or service fees and early withdrawal charges on share classes. If approved, investors in the affected fund(s) could face new or different asset-based fees and early withdrawal penalties; the application was filed August 29, 2025 and a hearing request must be received by October 21, 2025 to block automatic approval.
Funds May Offer Multiple Share Classes
Diameter Dynamic Credit Fund asked the SEC for permission to let certain closed-end funds issue multiple classes of shares. This could change the types of shares available to investors and how fees or expenses are allocated among those share classes; the application was filed August 29, 2025 and a hearing must be requested by October 21, 2025 to prevent automatic approval.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in