Federal Register #812-15954

SEC Notice: Application for Exemptions for Multi-Class ETF Fund Structure

This opportunity involves a regulatory notice from the Securities and Exchange Commission (SEC) regarding an application for exemptions related to a Multi-Class ETF Fund structure. - Government Buyer: - Securities and Exchange Commission (SEC) - Applicants: - Cohen & Steers Realty Shares, Inc. - Cohen & Steers Institutional Realty Shares, Inc. - Cohen & Steers Real Estate Securities Fund, Inc. - Cohen & Steers Global Realty Shares, Inc. - Cohen & Steers International Realty Fund, Inc. - Cohen & Steers Global Infrastructure Fund, Inc. - Cohen & Steers Future of Energy Fund, Inc. - Cohen & Steers Preferred Securities and Income Fund, Inc. - Cohen & Steers Low Duration Preferred and Income Fund, Inc. - Cohen & Steers Real Assets Fund, Inc. - Cohen & Steers Preferred Securities and Income SMA Shares, Inc. - Cohen & Steers ETF Trust - Cohen & Steers Capital Management, Inc. - Products/Services Requested: - Exemptive relief to allow a registered open-end management investment company to offer both exchange-traded shares (ETF Class) and non-exchange-traded shares (Mutual Fund Class) within a single Multi-Class ETF Fund structure - Unique/Notable Requirements: - Relief includes standard ETF operational exemptions - Relief for offering multiple share classes within one fund - No procurement of goods or services; this is a regulatory application for investment fund structure exemptions

Description

This notice from the Securities and Exchange Commission announces an application filed under section 6(c) of the Investment Company Act of 1940 for exemptions related to the operation of a registered open-end management investment company. The application requests permission for the company to offer one class of exchange-traded shares operating as an ETF and one or more classes of non-exchange-traded shares. The relief sought includes standard ETF operational relief and relief for offering multiple share classes within a Multi-Class ETF Fund structure. The application was filed on December 12, 2025, and interested persons may request a hearing by August 18, 2026.

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