[13438]
April 24, 2001
TO: ACCOUNTING/TREASURERS COMMITTEE No. 11-01
END OF DAY PRICING FORUM No. 1-01
PUBLIC INFORMATION COMMITTEE No. 10-01
SHAREHOLDER COMMUNICATIONS COMMITTEE No. 4-01
SMALL FUNDS COMMITTEE No. 4-01
RE: WALL STREET JOURNAL FUND TABLES
The Wall Street Journal has notified the Institute that it will change its criterion for including
mutual fund prices in the Money & Investing Mutual Fund Quotations section of the paper. As
a result, 3,100 mutual fund listings will be removed from the Wall Street Journal as of Monday,
April 30, 2001.
By way of background, The Wall Street Journal has historically used inclusion in The Nasdaq
Stock Market’s Mutual Fund Quotation Service News Media List ($25 million in assets per
fund) as the criterion by which to list fund prices. The Journal has adjusted its fund tables
annually in accordance with Nasdaq’s annual update of its News Media list.
As of April 30, the Wall Street Journal will increase the threshold for inclusion into the Mutual
Fund Quotations to $50 million in assets per fund. The Journal will receive its daily fund data
from Lipper Analytical Services. After an initial transition period the mutual fund tables will be
updated on a quarterly basis to take into account changes in fund asset size and new funds will
be added biweekly.
Should you have any questions as to whether one or more of your funds will be affected, please
call Client Services at Lipper, at (877) 955-4773 or lipperclientservices@lipper.reuters.com. If you
have any questions as to the decision to reformat the Wall Street Journal, please call the
Journal’s Market Data Group at (609) 520-5110 or market.data@dowjones.com. You may contact
me at (202) 326-5869 or salmon@ici.org.
Peter G. Salmon
Director - Operations/Technology