Mutual Fund to ETF Share Class Exchange

In response to SEC exemptive relief permitting a dual share class structure—allowing asset managers to offer both mutual fund and ETF share classes—DTCC developed a standardized, automated solution to streamline mutual fund to ETF share class exchanges.

The Mutual Fund to ETF Share Class Exchange User Guide outlines key considerations for asset managers, intermediaries, and ETF agents leveraging the Fund/SERV automated exchange solution. In addition, the guide also includes best practices for the automated solution for liquidation of residual shares resulting from these exchanges.

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