ETF Managers Ask SEC to Skip Shareholder Votes and Disclosures
Published Date: 11/10/2026
Notice
Summary
Bluerock ETF Trust and Bluerock ETF Advisor, LLC want permission to change their subadviser contracts without asking shareholders every time. They’re also asking to skip some usual fee disclosures about these subadvisers. If the SEC agrees, this could speed up how Bluerock manages its ETFs, with a decision expected by the end of November 2026.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Subadviser Changes Without Shareholder Vote
Bluerock ETF Trust and Bluerock ETF Advisor, LLC asked the SEC for permission to enter into and materially amend subadvisory agreements without obtaining shareholder approval. The application was filed September 25, 2026; the SEC will issue an order unless it grants a hearing requested by 5:30 p.m. Eastern Time on November 30, 2026.
Exemption From Subadviser Fee Disclosures
The applicants requested relief from certain disclosure requirements (including rule 20a-1, Item 19(a)(3) of Form N-1A, specified items of Schedule 14A, and parts of Regulation S-X) as they relate to fees paid to subadvisers, which would allow Bluerock to omit some usual fee disclosures. The application was filed September 25, 2026, and interested persons may request a hearing by November 30, 2026.
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