State Street announced it will support Dimensional Fund Advisors’ rollout of ETF share classes for U.S. mutual funds, marking the first implementation of this structure under new SEC rules.

Dimensional becomes the first U.S. asset manager to introduce ETF share classes within actively managed mutual funds, a development expected to enhance tax efficiency and reduce costs for investors.

State Street will provide full-service support, including custody, fund accounting, ETF operations, and reporting, leveraging its global ETF servicing capabilities to enable the launch.
Business Wire