The SEC approved an optional "notice and access" method for mutual funds, ETFs and other investment funds to deliver shareholder reports. Effective Jan. 1, 2021, a covered fund will be able to deliver shareholder reports by making them publicly accessible on a website, free of charge, and sending investors a paper notice of each report's availability by mail, while investors preferring to continue receiving full paper reports may still choose that option, free of charge. The change came under a long-term project, led by the SEC's Division of Investment Management, aimed at modernizing the design, delivery and content of fund disclosures for the benefit of investors.
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