# 2025-08459: SEC Approves Sneaky Fund Fees and Exit Penalties

2025-08459, GoldenTree Opportunistic Credit Fund and GoldenTree Asset Management Credit Advisor LLC, is a Federal Register notice from Securities and Exchange Commission published 2025-05-14; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-08459
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08459
- Title: GoldenTree Opportunistic Credit Fund and GoldenTree Asset Management Credit Advisor LLC
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 20531
- Published: 2025-05-14
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Approves Sneaky Fund Fees and Exit Penalties

## Summary

GoldenTree Opportunistic Credit Fund and its advisor asked the SEC to allow them to offer different types of shares with special fees and early withdrawal charges. This change affects investors in these funds and could impact how and when they pay fees. The SEC will decide by early June 2025 unless someone requests a hearing.

## Effects PRIA read

- Allowing Multiple Share Classes: mixed, medium. The fund asked the SEC for permission to issue multiple classes of shares so the same closed-end fund could offer different share types with different fee or payment terms. The application was filed March 24, 2025; interested persons may request a hearing by 5:30 p.m. on June 2, 2025, after which t…
- Permitting Asset-Based Fees and Withdrawal Charges: cost, medium. The applicants asked to allow the fund to impose asset-based distribution and/or service fees and early withdrawal charges on certain share classes, which could increase what you pay if you invest in those shares. The application was filed March 24, 2025, and hearing requests must be received by 5:…

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## Sources
- [2025-08459 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/14/2025-08459/goldentree-opportunistic-credit-fund-and-goldentree-asset-management-credit-advisor-llc)
- [2025-08459 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-14/pdf/2025-08459.pdf)

## Related
- [Previous: 2025-08458, Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-08458)
- [Next: 2025-08460, Meeting of Humanities Panel](https://policyrisk.com/federal-register/2025-08460)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-08459 (as of 2026-06-08).