ETFs and mutual funds: What dual share classes could mean for investors

About this episode

The episode discusses the implications of dual share classes in ETFs and mutual funds for investors.

Global ETF assets have climbed to roughly $20 trillion, and one structure is drawing fresh attention: dual share classes, where a single portfolio can be accessed as both a mutual fund and an ETF. Funmi Osiyale, from J.P. Morgan's ETF sales team, sits down with Dimensional’s Joel Schneider and Lauren Olson to explore how the model works and what benefits investors could see — from potential cost savings and tax efficiency to broader access and simpler product lineups. The conversation also covers day-to-day market mechanics, liquidity considerations and what’s next for Dimensional’s ETF platform. This episode was recorded on April 14, 2026. This podcast is intended for institutional clients only. The views expressed in the podcast may not necessarily reflect the views of J.P. Morgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset…

People in this episode

Host: Funmi Osiyale

Guests: Joel Schneider, Lauren Olson

Topics covered

• ETFs
• mutual funds
• dual share classes
• investor benefits
• market mechanics
• liquidity

Keywords

• ETFs
• mutual funds
• dual share classes
• cost savings
• tax efficiency
• liquidity
• market mechanics

Mentioned in this episode

Organizations: J.P. Morgan, Dimensional

More episodes of Making Sense

• Equities update at mid-year: What drove the recent rally and what’s next? · June 12, 2026 · 24 min
• Airline industry outlook: Fuel, fares and demand shifts heading into summer · June 9, 2026 · 17 min
• Unlocking liquidity: The evolution of structured financing in private markets · June 5, 2026 · 12 min
• Convergence in motion: Inside the institutional blockchain shift · June 2, 2026 · 19 min
• A quant’s guide to finding alpha in commodities trading · May 26, 2026 · 22 min
• What to expect from a Warsh-led Fed · May 22, 2026 · 11 min