Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

SEC provides guidance on new filing requirements


The SEC has provided more detail on how funds can illustrate their investment performance in new and newly revised SEC documents. The details concern the newly revised N-1A form and the new profile or summary prospectuses.

The SEC, in a letter to Craig Tyles, general counsel of the Investment Company Institute, said funds can use only returns which include sales charges, or loads, in N-1A performance tables. In addition, funds cannot use, in fund profiles, so-called other account performance, such as a fund manager's track record running a different fund than the one described in the profile. The SEC plans to publish its responses to questions from Tyles on its website, www.sec.gov.