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Rating:Directors Report on 12b-1s Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, May 08, 2007

Directors Report on 12b-1s

by: Neil Anderson, Managing Editor

Want some help figuring out your funds' 12b-1 fees? Just ask the Mutual Fund Directors Forum. The Wall Street Journal reports that the independent directors' organization is releasing a report today to help "fund directors assess the fee ... [and] fulfill their fiduciary duty."

"Independent directors are very uncomfortable with the system as it is now," forum executive vice president David Smith told The Journal.

Beyond passing on advice to assess fees cautiously after a thorough review of fund distribution, costs and share-class structure, The Journal does not go into the details of the forum's report. However, the paper does reveal that, in light of the SEC's recent announcement that it will review the 12b-1 rule, the forum next hopes to write and send its own recommendations on the rule to the SEC. 

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