SS&C Supports Dimensional Fund Advisors on Active ETF Share Class Launches

Key Terms

etf share classes financial

ETF share classes are different versions of the same exchange-traded fund that track the same underlying assets but have variations in fees, tax treatment, dividend policies, currency denomination or where they trade — like choosing between trim levels of the same car model. For investors this matters because those small differences change how much you pay, how much tax you owe, how easily you can buy or sell, and ultimately your net return, so comparing classes is important before investing.

mutual fund share class financial

A mutual fund share class is a specific version of the same mutual fund that carries its own fee schedule, minimum investment, and sometimes distribution or voting features—think of different ticket types to the same concert with varying perks and costs. It matters to investors because the share class determines how much you pay in fees, how returns are passed through or taxed, and what purchase or redemption rules apply, so picking the right class can meaningfully change your net return and flexibility.

exchange-traded share class financial

A version of a company’s stock that is listed and buys and sells on a public exchange but carries a distinct set of rights or features—such as different voting power, dividend rules, conversion terms, or fees—compared with other share classes the company issues. It matters to investors because being exchange-traded gives easy access, regular price quotes and liquidity, while the specific rights attached can change the stock’s value and risk; think of it like different tickets to the same event that grant different seats or backstage access.

etf conversion activity financial

ETF conversion activity is the process by which authorized market participants exchange baskets of an exchange-traded fund’s underlying securities for newly created ETF shares, or redeem ETF shares back into the underlying securities. Think of it like swapping bulk groceries for packaged meal boxes to keep supply matching demand; this activity helps keep the ETF’s market price close to its net asset value, supports liquidity, and can limit tracking differences and unexpected tax events for investors.

transfer agency services financial

Transfer agency services are the administrative functions that keep track of who owns a company’s shares, process changes of ownership, handle dividend and distribution payments, and manage shareholder communications and voting. Think of it like a company’s ownership ledger and customer service desk combined: accurate, timely transfer agency work ensures investors receive payments, can trade or sell shares smoothly, and are able to vote and get notices about corporate actions.

WINDSOR, Conn.--(BUSINESS WIRE)-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today 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 (DFMC), 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 (DUSG) 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.

“We believe wider adoption of the ETF share class structure will be a major win for investors and are pleased to work with an industry leader like SS&C to thoughtfully deliver these solutions to investors,” said David Kavanaugh, Global Head of Investment Operations at Dimensional Fund Advisors. “Our collaboration with SS&C has been instrumental in helping ensure a smooth and well‑controlled conversion process is available as assets seek to move from a mutual fund share class to an ETF share class. We appreciate the expertise and partnership SS&C has brought to this effort.”

Over the past several months, project teams from both organizations have worked closely to design, test, and calibrate the conversion process. The initiative required coordination across multiple functions to deliver a comprehensive, detailed solution for share-class investors.

Dimensional has previously filed to add ETF share classes to 13 of its US mutual funds and will continue to work with its fund boards to determine subsequent candidates for ETF share classes. As subsequent launches occur, SS&C and Dimensional will work together to support these launches as well. SS&C’s service includes end‑to‑end workflow support, exception resolution and integration with key market infrastructures, ensuring accurate processing and consistent execution across ETF conversion activity. SS&C GIDS also provides transfer agency services to Dimensional’s suite of more than 110 US mutual funds.

‘We are proud to support Dimensional in launching their first ETF Share Class,” said Nick Wright, Head of SS&C Global Investor & Distribution Solutions. “This milestone reflects the deep collaboration between our organizations and the strength of our conversion and ETF servicing capabilities. Together, we built a scalable, efficient operating model that positions Dimensional for long‑term growth in the ETF space.”

Learn more about SS&C’s ETF services here.

About Dimensional Fund Advisors

Dimensional has been applying financial science to investing since 1981. The firm is driven by an evidence-based approach, Nobel Prize-winning insights, and decades of expertise working to outperform benchmarks and peers while maintaining low costs and diversification. Dimensional goes where the science leads, continually innovating to improve outcomes for investors. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe, Asia Pacific, and Australia. As of March 31, 2026, the firm manages $969 billion for investors worldwide. For more information, please visit dimensional.com.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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Brian Schell | Chief
Financial Officer, SS&C
Technologies
Tel: +1-816-642-0915| E-mail:
InvestorRelations@sscinc.com

Justine Stone | Investor
Relations, SS&C Technologies
Tel: +1-212-367-4705 | E-mail:
InvestorRelations@sscinc.com

Media Contacts

Prosek
Breanna Taylor
Prosek Partners
Email : pro-SSC@prosek.com

Source: SS&C Technologies Holdings, Inc.