From Yahoo Finance: 2025-06-12 18:21:00

Vanguard has entered the dual share class fray by filing for exemptive relief to offer an ETF share class of its legacy active mutual funds, previously only allowed for index funds. The move comes after Vanguard’s exclusive patent on ETF share classes expired, with the SEC now signaling support for such applications. Currently, Vanguard manages over 70 funds with $2 trillion in assets under management using ETF share classes. The move is seen as a strategic play as mutual funds see outflows and ETFs gain inflows, signaling a potential shift in the industry landscape.



Read more at Yahoo Finance: Vanguard Files for ETF Share Class Approval