SS&C Partners with Dimensional Fund to Launch ETF Share Classes
SS&C Technologies Holdings announced that Dimensional Fund Advisors has engaged SS&C Global Investor & Distribution Solutions to support the launch of ETF share classes of its U.S. multi-class funds. SS&C will provide comprehensive operational and technology support to facilitate mutual fund share class-to-ETF share class conversions. Dimensional Fund Advisors' US Micro Cap ETF, Dimensional's first exchange-traded share class of an existing fund, began trading at the end of March, followed by the listing of US Small Cap Growth ETF share class on May 6. SS&C will support conversion capabilities between these and future funds' mutual fund share classes and ETF share classes, providing operational oversight, calculation, reconciliation and shareholder coordination.