# 2026-19212: SEC Eyes Fund That Mixes Mutuals and ETFs Together

2026-19212, Wasatch Funds Trust and Wasatch Advisors LP, is a Federal Register notice from Securities and Exchange Commission published 2026-09-21, effective The application was filed on July 8, 2026, and amended on September 10, 2026.; PRIA reads it as touching household money (as of 2026-09-28).

- Canonical: https://policyrisk.com/federal-register/2026-19212
- As of: 2026-09-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-19212
- Title: Wasatch Funds Trust and Wasatch Advisors LP
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 59824
- Published: 2026-09-21
- Effective: The application was filed on July 8, 2026, and amended on September 10, 2026.
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-28

## In one line

SEC Eyes Fund That Mixes Mutuals and ETFs Together

## Summary

Wasatch Funds Trust and Wasatch Advisors LP want permission to offer a new kind of investment fund that mixes regular mutual fund shares with exchange-traded fund (ETF) shares in one package. This change would let investors enjoy the best of both worlds—easy trading like ETFs and the flexibility of mutual funds. If no one objects by October 13, 2026, the SEC will likely approve this new setup, which could shake up how these funds work and invest your money.

## Effects PRIA read

- Funds Offering Both ETF and Mutual Shares: benefit, low. Wasatch applied for permission to offer a new fund that would have one class of exchange-traded shares (an "ETF Class") and one or more classes of non‑exchange traded mutual fund shares ("Mutual Fund Classes"). If the SEC does not receive a hearing request by October 13, 2026, the Commission will l…
- Permits Standard ETF Operational Rules: benefit, low. The application asks the SEC to grant relief so a Multi‑Class ETF Fund can operate consistent with standard ETF rules under rule 6c-11 ("ETF Operational Relief"). The requested relief would allow these funds to follow the operational framework that applies to standard ETFs.

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- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
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- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2026-19212 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/21/2026-19212/wasatch-funds-trust-and-wasatch-advisors-lp)
- [2026-19212 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-21/pdf/2026-19212.pdf)

## Related
- [Previous: 2026-19210, Information Collection; General Services Administration Acquisition Regulation;…](https://policyrisk.com/federal-register/2026-19210)
- [Next: 2026-19213, Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Order Gra…](https://policyrisk.com/federal-register/2026-19213)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-19212 (as of 2026-09-28).