Wasatch Funds Want Faster Agreement Changes Without Shareholder Votes
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 and to keep some fee details private. This means they can work faster and keep some info under wraps, but shareholders can still ask for a hearing by May 22, 2026. No direct money changes are announced, but this could speed up how they manage fees and agreements.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Subadviser Agreements Without Shareholder Vote
Wasatch Funds Trust asked the SEC for permission to enter into and materially change subadvisory agreements without getting shareholder approval. The application was filed on March 11, 2026, and the SEC says it will issue an order unless it orders a hearing.
Fee Disclosure Relief for Subadvisers
Wasatch requested relief from certain disclosure rules so details about fees paid to subadvisers can be withheld from public disclosure. The request seeks exemption from specific SEC and Schedule 14A disclosure requirements.
Shareholder Hearing Right and Deadline
Shareholders who object can request a hearing about the application by 5:30 p.m. Eastern time on May 22, 2026, and must serve the Applicants and show proof of service. The SEC may issue the requested order unless it decides to hold a hearing.
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