Investment Fee Reporting Changes: Supporting Small Business Capital Access.
This bill modifies how registered investment companies must disclose certain fees to investors. It allows funds to exclude costs related to investments in Business Development Companies (BDCs) from the main "Acquired Fund Fees and Expenses" calculation, moving them instead to a footnote. While the fees remain disclosed, this change aims to streamline reporting and potentially encourage investment in funds that support small businesses.
Key points
Investment funds can now exclude indirect fees incurred from investing in Business Development Companies (BDCs) from the primary fee calculation.
These excluded fees must still be clearly disclosed in a footnote to the fee table, ensuring transparency for investors.
The change affects how investors see the reported expense ratios of funds that invest in small and developing companies.
Status:
Expired
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