December 30, 2020
I think delivery needs to be pushed as much as possible without forcing those without internet access to do without. If someone clearly evidences that they have internet access and a valid email, they should be defaulted to electronic delivery. However, I believe access equals delivery is unacceptable. Investors should get a regular ping with important information about their investments.
I also think the annual report should be combined with the summary prospectus to make a one stop shop.
The SAI, statutory prospectus and N-CSR should also be combined into a single long form document.
Finally, more should be done to push transparency, plain English and brevity of disclosure.
I also think the SEC should establish a fund categorization system similar to Morningstar and Lipper categories and SIC codes. It would make it easier to compare and research like funds.
Thanks.