Northern Trust Submits Exemptive Relief Applications for ETF Share Class Across Sponsored Multiple Series Trusts

Northern Trust Submits Exemptive Relief Applications for ETF Share Class Across Sponsored Multiple Series Trusts

Northern Trust (Nasdaq: NTRS) today announced its formal application for exemptive relief to offer Exchange-Traded Fund (ETF) share classes alongside existing mutual fund share classes for certain adviser series within its two sponsored series trusts: Advisers Investment Trust and Datum One Series Trust®. Filing these applications demonstrates Northern Trust’s commitment to providing asset managers with support and flexibility to meet the evolving preferences of their investors.

“ETFs continue to be a significant area of growth in the registered funds market,” said Phil Nanof, head of ETF Services, Americas at Northern Trust. “This capability would extend our ETF servicing framework within the multiple series trust model and reflects our focus on supporting asset managers as they consider a wider range of fund structures.”

While subject to regulatory approval, the ability to pursue ETF share classes alongside mutual fund share classes in a single fund creates additional options for asset managers as they consider changes to their product line-up, distribution strategies, and the benefits to fund shareholders.