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Post by roi2020 on Jul 15, 2023 18:39:35 GMT
"On Thursday, July 13, 2023, Dimensional Fund Advisors took another big step to advance its presence in the exchange-traded fund market. The firm filed a request with the SEC that, if approved, would allow its existing mutual funds to offer an ETF share class. The hybrid mutual fund-ETF structure is currently used exclusively by many of Vanguard’s index-tracking mutual funds. The Malvern, Pennsylvania, based firm had a patent on this unique fund structure that expired in May. Dimensional’s filing is the second of its kind in 2023. PGIA made a similar filing on Feb. 7 in anticipation of Vanguard’s patent expiring."
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