New Fund Blends Mutual Fund and ETF Shares
Published Date: 6/8/2026
Notice
Summary
Pear Tree Funds and Pear Tree Advisors want to offer a new kind of investment fund that mixes regular mutual fund shares with exchange-traded fund (ETF) shares all in one. This change lets investors enjoy the best of both worlds—easy trading like ETFs and the flexibility of mutual funds. If approved, this could start soon, and folks interested have until June 29, 2026, to ask for a hearing.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Combined ETF and Mutual Fund Shares
Pear Tree asked the SEC for permission to let a registered fund offer one class of exchange-traded shares (ETF Shares) and one or more non-exchange-traded mutual fund classes in the same fund. If approved, investors could trade the ETF class like an ETF while the fund also offers mutual-fund share classes with mutual fund features. Interested persons may request a hearing on the application by 5:30 p.m. Eastern on June 29, 2026.
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