The Securities and Exchange Commission is reviewing a request from the Blue Tractor ETF Trust and Blue Tractor Group, LLC to amend a prior exemption order. This change would permit the funds to use "Creation Baskets" that may contain different instruments or weightings compared to their current portfolios. The purpose is to offer greater flexibility, reduce costs, and improve efficiency, without disadvantaging shareholders or compromising regulatory compliance. The commission will issue the ruling unless a hearing is requested by March 8, 2021.
Simple Explanation
The Securities and Exchange Commission is looking at a request from a group who manages some special funds; they want to change the rules to allow more flexibility in how they pick the items that go into their baskets of investments, which they say will help them save money and work better, without breaking any rules. People can speak up if they have any concerns by March 8, 2021.