The Wait Is Nearly Over: PRIMECAP's ETF Is Ready to Launch

The long wait for a PRIMECAP-run ETF is almost over. An updated prospectus sheds new light on the fund's fees, investment mandate and the managers who will be calling the shots.

Update (June 21): The Odyssey Discovery ETF's prospectus became effective on June 20, but the fund is not expected to begin trading immediately. The launch now appears more likely later in the third quarter. The discussion below regarding the fund's fees, investment mandate and portfolio managers remains unchanged.

The wait is nearly over.

Yesterday, PRIMECAP Management filed an updated prospectus with the SEC for the Odyssey Discovery ETF (POMG). While the document is dated June 18, it becomes effective on June 20, suggesting the ETF could begin trading as soon as next week.

Here are the key takeaways from the updated filing.

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