Letter to SEC: Short Fund Prospectus Helps Shareholders
See Morningstar's version of the summary filing.
Morningstar's mutual fund analysts filed a comment letter with the Securities and Exchange Commission yesterday supporting the Commission's proposal for a summary mutual fund prospectus. The SEC has suggested that funds distribute a three- to four-page document to potential shareholders that highlights the fund's strategy, historical performance, and fees. The fund's traditional, full prospectus would be available on the fund company's Web site, and shareholders also could receive paper copies, should they request them. To accompany our comment letter, the text of which is below, we created our own sample of a summary prospectus. You can see our version here.
February 27, 2008
Nancy M. Morris
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549-0609
Laura Pavlenko Lutton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.