February 21, 2022
I support the addition of pre-tax net income, net income and the self-determined metrics by which funds determine executive compensation to be part of regular fund disclosures.
The inclusion of the single \"Company-Selected Measure\" as part of the trio of additional metrics suggested for disclosure in this rule however does not make much sense. By privileging one company-selected metric above all others used in determining executive compensation it seems like it provides an easy opportunity for funds to mislead investors by providing the easiest-to-meet, or most-recently-met, or purely jargon-based metric on each disclosure. This same proposal states that the SEC are considering requiring funds to list their top-five, or however many relevant metrics, they use to determine compensation instead of, or in addition to, a single company selected metric. I believe this is a more useful phrasing of the rule that would give investors greater transparency into fund policies as well as more tangible metrics by which to make their investment decisions.