Funds Seek Shareholder Skip for Subadvisory Changes
Published Date: 4/30/2026
Notice
Summary
Wasatch Funds Trust and Wasatch Advisors LP want permission to change their subadvisory agreements without asking shareholders every time. They’re also asking to skip some usual fee disclosures about these subadvisers. If approved, this could speed up their management decisions, with a chance for public comments or hearings by May 22, 2026.
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Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
No Shareholder Vote on Subadvisers
If the SEC grants the requested exemption, Wasatch Funds Trust and Wasatch Advisors LP could enter into and materially amend subadvisory agreements without asking fund shareholders for approval. This change would apply to the named Wasatch applicants and would remove the shareholder approval requirement under section 15(a) of the Investment Company Act of 1940 for those subadvisory changes.
Less Fee Disclosure About Subadvisers
The applicants seek relief from certain disclosure requirements so they would not have to provide the usual SEC disclosures about fees paid to subadvisers. As a result, shareholders of the named Wasatch funds may receive less information about the amounts or structure of fees the funds pay to subadvisers.
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