Mutual Funds

The SEC published a prototype “summary prospectus” for mutual funds. The proposed streamlined prospectus would let investors quickly learn key information about a mutual fund. The proposed prospectus includes:

Investment objectives.


Principal investment strategies, risks and performance.

Top 10 portfolio holdings.

Identity of investment advisers and portfolio managers.

Brief purchase, sale and tax information.

Information about broker compensation and conflicts.

The SEC is seeking public comment by Feb. 28. For more information, visit


©2008 AICPA


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