Mutual Funds

"As long as fund managers stick within the confines of plain English or industry usage, they have reasonable discretion to define terms in a fund’s ...

"These are common sense changes that protect investors by ensuring that a fund says what it means, and means what it says"

"I am particularly concerned with the potential lack of transparency as to how the Commission’s staff will administer the rule"

"The fund industry today is diverse, with more funds pursuing ESG strategies or reporting more holdings in derivatives"

This is the revised names rule approved by the SEC in 2023

In the 79 months of miscalculations, PIMCO never identified any concerns with the sub-administrator’s calculation of the Fee Waiver amounts

PIMCO inadequately disclosed that paired interest rate swaps in PGP’s portfolio had become a material source of distributable income, which enabled PIMCO to maintain PGP’s ...

"To better address pricing and reduce dilution in times of stress, we proposed so-called swing pricing as well as alternatives regarding liquidity fees. Such swing ...

If this were a boxing match, the SEC would be left bloodied—in a contest over the Commission’s proposed mutual fund liquidity risk and swing pricing ...

"I am particularly interested in hearing ... about the Commission’s recently proposed swing pricing and liquidity risk management rule. I voted against the proposal, in ...