# Thornburg Selects SS&C to Support Its ETF Share Class Structure

- URL: https://stocks.freetheai.org/news/thornburg-selects-ss-c-to-support-its-etf-share-class-structure-8b817c
- Published: 2026-10-13T13:00:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [NASDAQ:SSNC](https://stocks.freetheai.org/symbols/NASDAQ-SSNC), [NASDAQ:TAOZ](https://stocks.freetheai.org/symbols/NASDAQ-TAOZ), [NASDAQ:TFGZ](https://stocks.freetheai.org/symbols/NASDAQ-TFGZ)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been chosen by Thornburg Investment Management to manage operating services for its exchange-traded fund (ETF) share class structure. Under the agreement, SS&C will provide calculation, reconciliation, conversion processing, shareholder coordination, and operational oversight for Thornburg's multi-class offerings.

Thornburg, which oversees $62 billion in total client assets, was among the first asset managers to obtain regulatory approval to offer active ETF share classes alongside existing mutual funds. The firm introduced ETF classes for the Thornburg American Opportunities Fund (NASDAQ:TAOZ) and the Thornburg Focus Growth Fund (NASDAQ:TFGZ) in April, expanding a total ETF asset base that now exceeds $860 million. Centralizing transfer agency and ETF functions on SS&C's single platform allows Thornburg to simplify administration as demand for hybrid fund structures grows.

Investors and market observers will watch how effectively asset managers adopt dual-class ETF structures and whether operational consolidation helps lower overhead. Market participants will also monitor whether additional fund sponsors partner with technology providers to launch similar multi-class investment vehicles.

## Key points

- SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) will provide administrative and operational support for Thornburg Investment Management's ETF share class structure.
- Thornburg secured regulatory relief earlier this year to launch active ETF share classes for two of its mutual funds.
- The agreement covers calculation, reconciliation, conversion processing, and shareholder coordination.
- Thornburg currently oversees more than $860 million in ETF assets and $62 billion in total client assets.

## Questions and answers

### What service is SS&C providing to Thornburg?

SS&C is providing operational oversight, calculation, reconciliation, shareholder coordination, and conversion processing for Thornburg's ETF share class structure.

### Which Thornburg funds use the new ETF share class structure?

Thornburg launched ETF share classes for the Thornburg American Opportunities Fund (TAOZ) and the Thornburg Focus Growth Fund (TFGZ).