SEC Seeks Comments on Investor Advisory Committee Recommendation Regarding Target Date Funds

The SEC announced that it is seeking comments on a recommendation by its Investor Advisory Committee regarding disclosure by target date mutual funds.

In 2010, the SEC proposed a rule that would require marketing materials for target date funds to include a graphical or tabular depiction of changes in the fund's asset allocation over time, known as a fund's "glide path." The SEC is reopening the comment period on its 2010 proposal on the committee's recommendation that the SEC develop a glide-path illustration based on a standardized measure of fund risk, which would replace or supplement what it previously proposed.

See: Reopening of Comment Period; Advisory Committee Recommendation. See also: 2010 Rule Proposal; SEC Investor Bulletin: Target Date Retirement Funds.

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