LibreMax Fund Seeks Green Light for Tiered Share Fees
Published Date: 2/13/2026
Notice
Summary
LibreMax Asset-Backed Income Fund and LibreMax Capital, LLC want permission to offer different types of shares and charge fees based on assets for some of those shares. This change affects investors in these funds and could impact how fees are paid starting soon. The SEC will approve this unless someone asks for a hearing by March 9, 2026.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Permission to Charge Asset-Based Fees
The applicants requested permission to charge asset-based distribution and/or service fees for certain share classes of the LibreMax fund. If approved, investors in those specific share classes could be charged fees that are calculated based on the fund's assets. The SEC will issue the order unless a hearing is requested by March 9, 2026.
Fund May Issue Multiple Share Classes
LibreMax Asset-Backed Income Fund and LibreMax Capital asked the SEC for permission to let the fund issue multiple classes of shares. If the SEC grants the order, the fund could offer different share classes with different terms to investors. The SEC will issue the order unless a hearing is requested by March 9, 2026 (application filed September 12, 2025; amended February 4, 2026).
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