ETFs & Mutual Funds
Vanguard Seeks SEC Approval to Expand Tax-Busting Fund Design
The latest filing underscores the industry’s anticipation that the Trump administration’s SEC will allow for wider usage of the design.
Photographer: Gabby Jones/BloombergVanguard Group Inc., the investment giant famous for low-cost index funds, is seeking regulatory approval to expand its signature tax-saving fund structure — as anticipation grows that the Securities and Exchange Commission under Paul Atkins will soon embrace the design en masse.
In a Wednesday filing with the regulator, the Jack Bogle-founded firm asked for permission to use its groundbreaking dual-share class design with actively managed strategies.