Interactive Data for Mutual Fund Risk/Return Summary

The U.S. Securities and Exchange Commission (SEC) recently proposed to require mutual funds to provide their risk/return summary information in interactive data format as an exhibit to their post-effective amendment filings on Form N-1A. The proposed interactive data requirements would not affect the format of or the information required to be disclosed in a mutual fund's risk/return summary in its prospectus. The proposed amendments also would require mutual funds to post the interactive data to their respective websites.

The SEC has requested comment on numerous issues, including, in particular, whether mutual fund risk/return summary information in interactive data format should also be required as exhibits to Securities Act registration statements filed with the SEC. Any comments should be submitted to the SEC on or before August 1, 2008.

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