The SEC Summary Prospectus Rule Provides Mutual Funds with New Choices

Under the SEC’s new Summary Prospectus rule, Mutual Funds may choose to adopt use of the Summary Prospectus instead of mailing the traditional Statutory Prospectus. The rule will affect each fund differently depending on your fulfillment approach.

The Summary Prospectus is intended to improve Mutual Fund disclosure by requiring that funds provide investors with:

A concise summary in plain English
Key information the investor needs to make informed investment decisions

A Summary Prospectus may be substituted for the full length, Statutory Prospectus provided the fund meets certain requirements. However, the seven (7) sections from the Summary Prospectus MUST also be incorporated into the Statutory Prospectus for each fund in the book. This is the required part of the rule, and must be done beginning with SEC filings as of January 1, 2010. Funds can begin using this document as early as March 31, 2009 if they choose.

Our Consultative Approach

Broadridge’s consultative approach brings you a custom solution depending on your desired fulfillment method, linking & layering requirement, and business objectives. We will distribute the Summary Prospectus for you the same way we distribute the Statutory Prospectus. The document changes but the process remains the same.

Broadridge can help you address the rule changes and potential savings of implementing the Summary Prospectus rule. We will work with you to optimize printing and postage savings while helping you maintain compliance.

Trust our leading-edge technology for innovation, accuracy, reliability and security. With multiple high-volume, ISO-certified production, state-of-the-art fulfillment and distribution facilities around the country, Broadridge exceeds expectations for customized and personalized on-demand communications.

Click here to view the presentation from the Broadridge hosted Summary Prospectus webinar targeting mutual funds on April 7.