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.
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