{"id":20461,"date":"2023-07-14T20:53:17","date_gmt":"2023-07-14T20:53:17","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2023\/07\/14\/dimensional-seeks-etf-share-classes-pioneered-by-vanguard\/"},"modified":"2023-07-14T20:53:17","modified_gmt":"2023-07-14T20:53:17","slug":"dimensional-seeks-etf-share-classes-pioneered-by-vanguard","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/07\/14\/dimensional-seeks-etf-share-classes-pioneered-by-vanguard\/","title":{"rendered":"Dimensional Seeks ETF Share Classes Pioneered by Vanguard"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/754098368\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2022\/08\/04_Stocks_Numbers_ETF_Portfolio_Adobe_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2022\/08\/04_Stocks_Numbers_ETF_Portfolio_Adobe_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">Dimensional Fund Advisors has asked the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/354204\/000168035923000216\/dimensional40app07122023.htm\">Securities and Exchange Commission<\/a> to allow its mutual funds to offer exchange-traded fund share classes \u2014 a structure that the Vanguard Group has offered exclusively for more than two decades.<\/p>\n<p>If the SEC approves the request, DFA could be the first firm to adopt the arrangement since Vanguard\u2019s <a href=\"https:\/\/www.thinkadvisor.com\/2023\/02\/09\/vanguards-one-of-a-kind-fund-design-is-about-to-get-some-competition\/\">patent<\/a> on it expired in May.<\/p>\n<p>DFA said it believes the multi-class structure \u201cwill allow investors to choose the manner in which they wish to hold interests in a fund based on the share class characteristics that are most important to the investor.\u201d<\/p>\n<p>Vanguard, working under SEC orders that allowed it to offer ETFs from mutual fund shares since the early 2000s, \u201chas become one of the major sponsors of index-based ETFs, with more than $2 trillion in assets invested through exchange-traded classes, representing almost 30% of all ETF assets in the United States,\u201d DFA noted in its application.&nbsp;\u201dVanguard funds with exchange-traded classes also have more than $2.7 trillion in assets invested through their mutual fund classes.<span>\u201c<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dimensional Fund Advisors has asked the Securities and Exchange Commission to allow its mutual funds to offer exchange-traded fund share classes \u2014 a structure that the Vanguard Group has offered exclusively for more than&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/07\/dimensional-seeks-etf-share-classes-pioneered-by-vanguard.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20461"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20461"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20462"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}