tailieunhanh - INTERACTIVE DATA FOR MUTUAL FUND RISK/RETURN SUMMARY - July 15, 2009

Electronic formats such as HTML, XML, and XBRL are open standards 43 that define or “tag” data using standard definitions. The tags establish a consistent structure of identity and context. This consistent structure can be recognized and processed by a variety of different software applications. In the case of HTML, the standardized tags enable Web browsers to present Web sites’ embedded text and information in a predictable format. In the case of XBRL, software applications, such as databases, financial reporting systems, and spreadsheets, recognize and process tagged information. . | SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 232 239 and 274 Release Nos. 33-9006 34-59391 39-2462 IC-28617 File Number S7-12-08 RIN 3235-AK13 INTERACTIVE DATA FOR MUTUAL FUND RISK RETURN SUMMARY AGENCY Securities and Exchange Commission. ACTION Final rule. SUMMARY We are adopting rule amendments requiring mutual funds to provide risk return summary information in a form that is intended to improve its usefulness to investors. Under the rules risk return summary information could be downloaded directly into spreadsheets analyzed in a variety of ways using commercial off-the-shelf software and used within investment models in other software formats. Mutual funds will provide the risk return summary section of their prospectuses to the Commission and on their Web sites in interactive data format using the eXtensible Business Reporting Language XBRL . The interactive data will be provided as exhibits to registration statements and as exhibits to prospectuses with risk return summary information that varies from the registration statement. The rules are intended not only to make risk return summary information easier for investors to analyze but also to assist in automating regulatory filings and business information processing. Interactive data has the potential to increase the speed accuracy and usability of mutual fund disclosure and eventually reduce costs. We also are adopting rules to permit investment companies to submit portfolio holdings information in our interactive data voluntary program without being required to submit other financial information. DATES Effective Date July 15 2009. Compliance Date January 1 2011. Section . of this release contains information on the effective date and the compliance date. FOR FURTHER INFORMATION CONTACT Brent J. Fields Assistant Director Office of Disclosure and Review Mark H. Berman Senior Special Counsel Office of Special Projects Tara R. Buckley Senior Counsel Office of Chief Counsel Deborah D. Skeens Senior