Trends in the Fees and expenses of Mutual Funds, 2010

We identified 39 funds for which direct support was provided and a no-action letter was not requested. We also noted numerous funds for which a no-action request was made but no support was subsequently disclosed. By reviewing the financial statements, we obtain additional information on the nature and amount of support on an ex post basis. Finally, as previously noted, our data set focuses only on direct support to . prime MMMFs and includes the review of SEC filings for an extended time period covering support events occurring as late as fiscal years ended October 31, 2011, which.

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