Ohio funds ask for more mutual fund disclosure

Five of Ohio's largest public pension funds called on the SEC to require mutual funds and investment managers to disclose transaction costs and soft-dollar fee arrangements. In a letter dated Wednesday to SEC Secretary Jonathan G. Katz, the executive directors of the five Columbus-based funds — the Highway Patrol Retirement System, the Public Employees Retirement System, the Police and Fire Retirement System, the School Employees Retirement System and the Public Employees Deferred Compensation Program — applauded the SEC's efforts to improve mutual fund disclosure. The funds, which together have $75 billion in assets, also called on the commission to require broker-dealers to disclose the share of commissions charged for trade execution and for non-execution services such as proprietary stock research.