Federal Register #812-16068

SEC Notice: Application for Exemptive Relief for Multi-Class ETF Funds

This SEC notice concerns an application for exemptive relief submitted by Fenimore Asset Management, Inc. and Fenimore Asset Management Trust. - Government buyer: - Securities and Exchange Commission (SEC) - Applicants (OEMs/Vendors): - Fenimore Asset Management, Inc. - Fenimore Asset Management Trust - Products/services requested: - Exemptive relief to permit a registered open-end management investment company to offer both exchange-traded shares (ETF Class) and non-exchange-traded shares (Mutual Fund Class) within the same fund (Multi-Class ETF Funds) - Unique or notable requirements: - Relief for standard ETF operations consistent with Rule 6c-11 under the Investment Company Act - Relief to allow coexistence of ETF and Mutual Fund classes within a single fund - No specific products, part numbers, or purchase quantities are mentioned - No additional OEMs or commercial vendors referenced

Description

This notice from the Securities and Exchange Commission announces an application filed on August 10, 2026, by Fenimore Asset Management, Inc. and Fenimore Asset Management Trust. The application requests an order to permit a registered open-end management investment company to offer one class of exchange-traded shares operating as an ETF and one or more classes of shares that are not exchange-traded. The order would provide relief for standard ETF operations and for funds offering both ETF and Mutual Fund classes. Interested persons may request a hearing by September 21, 2026.

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