Share Class Structures for Mutual Funds/ ETFs: How Fund Groups Can Begin Preparing for Anticipated SEC Exemptive Relief

This white paper is intended to guide and inform registered funds, their sponsors and other service providers and their boards (“Boards”) as they prepare to take advantage of potentially forthcoming exemptive relief (the “Share Class Relief” or the “Relief”) from the Securities and Exchange Commission (“SEC”). When granted, the Share Class Relief is expected to permit, subject to certain conditions, a registered open-end mutual fund (“Mutual Fund”)...