Fund companies are starting to see the XBRL writing on the wall. Five more have come forward to file risk/return summaries using XBRL. According to the SEC's
website, companies that have done so include Vanguard
, First American Investments
and Federated Investments
Both Fidelity and Vanguard passed on the SEC's original XBRL pilot program.
Companies that have already filed a risk/return statement using XBRL include: JennisonDryden
, John Hancock
and U.S. Bancorp Fund Services
If there comes a time when all fund companies file all SEC documents using XBRL, transparency would increase greatly as the SEC database becomes infinitely more searchable.
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