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In English, PleaseThe following writing samples were taken from mutual fund prospectuses written before and after the SEC issued its new plain English guidelines.
OLD
JOHN HANCOCK The fund utilizes a strategy of investing in those common
BALANCED stocks which have record of having increased their share-
SOVEREIGN holder dividend in each of the preceding ten years or
BALANCED more.
FUND READABILITY: COLLEGE JUNIOR
STATE STREET The net asset value of the fund's shares fluctuates as
RESEARCH EQUITY market conditions change.
INCOME FUND READABILITY: FIRST YEAR GRADUATE SCHOOL
NEW
JOHN HANCOCK The fund's stock investments are exclusively
BALANCED in companies that have increased their dividend
SOVEREIGN payout in each of the last ten years.
BALANCED
FUND READABILITY: COLLEGE FRESHMAN
STATE STREET The fund's shares will rise and fall in value.
RESEARCH EQUITY READABILITY: COLLEGE FRESHMAN
INCOME FUND
DATA: FUND PROSPECTUSES; MARK HOCHHAUSER
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Updated Apr. 2, 1998 by bwwebmaster
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