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XBRL
Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.
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The SEC proposed rule amendments to expand the agency’s interactive data voluntary filing program to enable mutual funds to submit XBRL-tagged risk and return summary information. The risk and return summary at the front of every mutual fund prospectus includes information about a fund’s investment objectives and strategies, risks, costs and historical performance.
The submission of tagged risk and return summary information would be supplemental and would not replace required official versions of information. Any mutual fund submitting tagged risk and return summary information would be required to include this information as an amendment to a filing on form N-1A, the registration form for mutual funds. The proposal would permit mutual funds to use a taxonomy (a set of standard tags and definitions) being developed by the Investment Company Institute. The taxonomy is available at http://members.ici.org/xbrl . For more information on the SEC voluntary filing program, visit www.sec.gov/spotlight/xbrl.htm.
