On 3 April 2014, the SEC announced that it is seeking comment 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 to request comment 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. Comments on the SEC proposal are due by 2 June 2014.
The full text of the 2010 rule proposal is available at: http://www.sec.gov/rules/proposed/2010/33-9126.pdf .
The full text of the release reopening the period for public comment on the 2010 proposal is available at: http://www.sec.gov/rules/proposed/2014/33-9570.pdf .
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