The Securities and Exchange Commission is drafting a proposal that would offer mutual fund investors more information on how much their funds spend to buy and sell securities, The Wall Street Journal reports.

The SEC, which is working in tandem with the NASD, announced Friday that the proposal would push for a disclosure of a five-year history of spending on commissions, in both dollar terms and as a percentage of a fund's net asset value, allowing for easy comparison across funds. It will also urge funds to report the average amount they spent on commissions for each share traded.

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