Mutual Fund Summary Prospectus Proposal

SIFMA and the Investment Company Institute (ICI) provide comments to the Securities and Exchange Commission (SEC) on a mutual fund summary prospectus proposal, File No. S7-28-07. The associations support the summary prospectus concept, that provides investors with key information in plain English in a clear and concise format, and believe that it has the potential to enhance investor use and understanding of important fund information. SIFMA and ICI also support the SEC’s proposal to require that additional information, including a fund’s statutory prospectus, be available online and by mail or email upon request.