Several fund companies are seeking an extension of the Oct. 1 compliance date for after-tax return disclosure claiming that there are too many discrepancies in the methodologies used to compute after-tax returns.

In a letter dated Sept. 20 to Paul Roye, the Securities and Exchange Commission’s director of investment management, lawyers from Fidelity, T. Rowe Price, Prudential Financial and Vanguard said the extension was necessary because, "there was a lack of agreement within the industry, as well as with third-party providers, on several key components of the calculation."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.