Hybrid ETF-Mutual Fund Structure Seeks Approval
Published Date: 7/7/2026
Notice
Summary
Goehring & Rozencwajg want to offer a new kind of investment fund that mixes exchange-traded shares (like ETFs) with regular mutual fund shares all in one fund. This change could make investing more flexible and easier for their customers. If no one asks for a hearing by July 27, 2026, the SEC will likely approve this new setup soon.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Funds That Offer ETF and Mutual Shares
The applicant asks the SEC for permission to let a single open-end fund offer one class of exchange-traded shares (an "ETF Class") and one or more classes of non-exchange-traded mutual fund shares (each a "Mutual Fund Class") in the same fund (a "Multi-Class ETF Fund"). The requested order would provide relief for standard ETF operations consistent with Rule 6c-11 and additional relief to allow the ETF Class and Mutual Fund Classes to coexist. The application was filed April 29, 2026, and the SEC will issue an order unless a hearing is requested by 5:30 p.m., Eastern time, on July 27, 2026.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-17058, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Connectivity Schedule and Discontinue a Previously Proposed Offering
Previous / Next Documents
Previous: 2026-13636, Agency Information Collection Activities: Submission to OMB for Review and Approval; Public Comment Request; Rural Health Care Services Outreach Program Measures, OMB No. 0906-0009-Revision
HRSA is updating how it collects info from rural health programs to make reporting easier and clearer. This affects organizations running rural health outreach grants and aims to improve how services are tracked and expanded. Public comments are open until August 6, 2026, with no new costs expected—just smoother paperwork!
Next: 2026-13640, Agency Information Collection Activities; Extension, Without Change, of a Currently Approved Collection: Application for Civil Surgeon Designation
USCIS is keeping the Application for Civil Surgeon Designation form just as it is and asking the public for any last thoughts before renewing approval. This affects doctors who want to become official Civil Surgeons for immigration medical exams. No changes or new costs are coming, but comments are open until August 6, 2026.