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What are the key features of the SEC’s filing rule?

features filing key rule sec
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What are the key features of the SEC’s filing rule?

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The Statutory Prospectus (Form N-1A) must contain a plain English summary for each fund at the beginning of the document. Also, according to the SEC rule, a brief Summary Prospectus may be substituted for the full length, Statutory Prospectus upon meeting certain conditions. This is at the Mutual Funds’ discretion.

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