Rule 12b-1 [17 CFR 270.12b-1] under the Investment Company Act of 1940: Distribution of Shares by Registered Open-end Management Investment Company

ICR 202110-3235-001

OMB: 3235-0212

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2022-05-20
Supplementary Document
2022-05-20
Supplementary Document
2022-03-03
Supporting Statement A
2021-10-01
ICR Details
3235-0212 202110-3235-001
Received in OIRA 201805-3235-019
SEC IM-270-188
Rule 12b-1 [17 CFR 270.12b-1] under the Investment Company Act of 1940: Distribution of Shares by Registered Open-end Management Investment Company
Reinstatement with change of a previously approved collection   No
Regular 05/20/2022
  Requested Previously Approved
36 Months From Approved
25,432 0
192,950 0
90,000 0

Rule 12b-1 under the Investment Company Act (17 CFR 270.12b-1) permits a mutual fund to bear expenses associated with the distribution of its shares, provided that the fund complies with certain requirements. Rule 12b-1 requires, among other things, that the fund adopt a written plan describing all material aspects of the proposed financing of distribution ("rule 12b-1 plan"). The rule 12b-1 plan must be approved by the fund's board of directors, including the independent directors (as described in the rule), and, if the rule 12b-1 plan is being adopted after public offering of the fund's voting securities, by a majority of the fund's outstanding voting securities.

US Code: 15 USC 80a-12(b) Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  87 FR 14315 03/14/2022
87 FR 31019 05/20/2022
No

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 25,432 0 0 0 -6,000 31,432
Annual Time Burden (Hours) 192,950 0 0 0 55,675 137,275
Annual Cost Burden (Dollars) 90,000 0 0 0 -14,547 104,547
No
No
The estimated annual burden hours for funds with rule 12b-1 plans has increased from 137,275 to 192,950 hours (an increase of 55,675 hours). This is due to an increase in the number of fund families that have at least one fund that has a rule 12b-1 plan. The estimated annual cost burden associated with rule 12b 1 has decreased from $104,547 to $90,000 (a decrease of $14,457). The decrease in the cost burden reflects the staff’s determination to revise the manner in which it calculates certain cost estimates.

$0
No
    No
    No
No
No
No
No
Pamela Ellis 202 551-3506

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/20/2022


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