Yes, but mostly in ways that are designed to enhance efficiency and alignment with the benchmark.
With Index Sync, we use a portion of the incoming portfolio to build a position in a benchmark-aligned ETF. This provides the fund with immediate, diversified benchmark exposure, while allowing greater flexibility for incoming stocks.
That said, the core principles of exchange fund management remain unchanged: investor contributions are pooled, concentration risk is diversified, and the structure is designed for tax deferral and long-term investing.