Several mutual funds have begun providing risk/return information using interactive data, SEC Chairman Christopher Cox announced August 21. The mutual fund data, which the SEC says uses the XBRL computer software language, labels companies’ financial and other data with codes from standard lists so that investors and analysts can more easily locate and analyze information.
The fund data will be available to the public via the SEC’s online database, EDGAR. The SEC said in a release that it “will monitor how the data can be used to help inform mutual fund investors and will consider whether further steps are necessary to increase accessibility.”
Among the individual mutual funds participating in the voluntary program are the Vanguard 500 Index Fund and the Muhlenkamp Fund.