VALLEY FORGE, PA (November 12, 2018) – Vanguard supports the Securities and Exchange Commission’s (SEC) efforts to enhance disclosures by mutual funds and ETFs to improve investor’s experience and help investors make more informed investment decisions. In a recently submitted comment letter, Vanguard made suggestions to improve fund disclosures, focusing on three primary areas:
Vanguard recommends balancing the benefits of standardizing disclosure requirements across the industry with the risks of advancing rules that are so prescriptive that they will not benefit investors in the long term.
Vanguard commends the SEC for seeking to adopt rules to modernize the delivery framework for fund shareholder disclosures, and looks forward to adopting meaningful changes to benefit our clients and prospective investors. Vanguard has long been a proponent of investor education and an advocate for candid, concise, and easy-to-understand disclosures.
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Vanguard is one of the world’s largest investment management companies. As of September 30, 2018, Vanguard managed more than $5.3 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers 411 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.
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