Currently, registered management investment companies (other than money market funds

FACT SHEET
Proposed Amendments to Form
N-PORT Reporting; Extension of
Compliance Dates for Names
Rule Reporting

U.S. SECURITIES AND EXCHANGE COMMISSION  PAGE 1 OF 2

Background
Currently, registered management investment companies (other than money market funds
and small business investment companies) and exchange-traded funds organized as unit
investment trusts are required to file periodic reports on Form N-PORT to provide their
monthly portfolio holdings and related information. In 2024, the Commission adopted
amendments to Form N-PORT that required more frequent filing and publication of these
reports. Developments following the adoption of the amendments, including a Presidential
Memorandum and feedback from market participants, caused the Commission to extend the
effective and compliance dates for these requirements in April 2025. The extension was
designed to provide time for the Commission to complete its review of the amendments in
accordance with a Presidential Memorandum and take any further appropriate actions.

Prior to the 2024 amendments, the Commission added new reporting requirements to Form
N-PORT related to the Names Rule in 2023. The Commission extended the compliance date
for those requirements in March 2025 to address certain challenges that funds and their
service providers were experiencing associated with the timing of the initial compliance
dates.

Highlights of the Proposing Release and Extension
The Commission has reviewed the 2024 amendments to Form N-PORT, including
developments and other information available following adoption of those amendments, and
has considered the overall effectiveness and usability of information reported on the form.

On Feb. 18, 2026, the Securities and Exchange Commission proposed amendments to certain
registered investment company (fund) reporting requirements on Form N-PORT to:

• Provide funds with an additional 15 days to file monthly reports of portfolio-related
information

• Reduce the publication of reports from monthly to quarterly

• Streamline or remove certain reported information

• Require certain additional information for funds, including certain identifying information
and information about funds with share classes that operate as exchange-traded funds
(ETFs)

The Commission also extended the compliance dates for amendments to Form N-PORT that
relate to the rule under the Investment Company Act of 1940 (the “Investment Company Act”)
that addresses investment company names that are likely to mislead investors about an
investment company’s investments and risks (the “Names Rule”).

FACT SHEET | Form N-PORT Reporting; Extension of Compliance Dates for Names Rule Reporting

U.S. SECURITIES AND EXCHANGE COMMISSION  Page 2 of 2

Based on that review, the Commission is proposing amendments designed to reduce
reporting burdens without significantly affecting the Commission’s use of the data and the
public’s ability to assess relevant information about a fund.

The proposal includes the following key elements:

• The proposed amendments would provide registered funds with an additional 15 days to
file Form N-PORT reports, up to 45 days after the end of the relevant month. This change
is designed to alleviate the burdens of filing Form N-PORT reports within 30 days of
month end, as required by the 2024 amendments, and reduce the potential for errors
and resubmissions.

• The proposed amendments would restore the quarterly publication frequency that had
been in place for over two decades. The proposal would require public disclosure of
registered funds’ portfolio holdings for the third month of each fiscal quarter with a 60-
day delay, instead of requiring public disclosure for every month with a 60-day delay as
adopted in 2024. This change is designed to reduce the risks of more frequent public
disclosure, such as external parties using information about a fund’s portfolio holdings in
ways that increase costs for the fund and its shareholders.

• The proposed amendments would streamline the information registered funds provide
while maintaining the usability and reliability of Form N-PORT data by: (1) narrowing the
scope of certain information collected on portfolio level risk metrics and returns; and
(2) eliminating certain information collected on compliance with names-related regulatory
requirements, payoff profiles of non-derivatives instruments, convertible bonds, and the
reason a single holding has multiple liquidity classifications.

• The proposed amendments would provide the Commission and the public on Form N-
PORT information on net assets and shareholder flows separately for ETF share classes
and certain additional identifying information, such as ticker symbols.

In addition to the proposal, the Commission is extending the compliance dates for the names
rule-related reporting requirements on Form N-PORT to provide time to consider the
proposed amendments to Form N-PORT and avoid certain costs associated with regulatory
requirements that the Commission is proposing to eliminate. The compliance dates for the
Form N-PORT names rule-related requirements are extended to Nov. 17, 2027, for fund
groups with net assets of $10 billion or more as of the end of their most recent fiscal year;
and to May 18, 2028, for fund groups with less than $10 billion in net assets as of the end of
their most recent fiscal year.

What’s Next?
The proposing release for Form N-PORT amendments is published on the SEC’s website
and will be published in the Federal Register. The comment period will remain open for 60
days after the Federal Register publication date.

	Background
	Highlights of the Proposing Release and Extension
	What’s Next?

FACT SHEET 
Proposed Amendments to Form 
N-PORT Reporting; Extension of 
Compliance Dates for Names 
Rule Reporting 

 

U.S. SECURITIES AND EXCHANGE COMMISSION  PAGE 1 OF 2 

 

Background 
Currently, registered management investment companies (other than money market funds 
and small business investment companies) and exchange-traded funds organized as unit 
investment trusts are required to file periodic reports on Form N-PORT to provide their 
monthly portfolio holdings and related information. In 2024, the Commission adopted 
amendments to Form N-PORT that required more frequent filing and publication of these 
reports. Developments following the adoption of the amendments, including a Presidential 
Memorandum and feedback from market participants, caused the Commission to extend the 
effective and compliance dates for these requirements in April 2025. The extension was 
designed to provide time for the Commission to complete its review of the amendments in 
accordance with a Presidential Memorandum and take any further appropriate actions.  

Prior to the 2024 amendments, the Commission added new reporting requirements to Form 
N-PORT related to the Names Rule in 2023. The Commission extended the compliance date 
for those requirements in March 2025 to address certain challenges that funds and their 
service providers were experiencing associated with the timing of the initial compliance 
dates. 

 

Highlights of the Proposing Release and Extension 
The Commission has reviewed the 2024 amendments to Form N-PORT, including 
developments and other information available following adoption of those amendments, and 
has considered the overall effectiveness and usability of information reported on the form. 

On Feb. 18, 2026, the Securities and Exchange Commission proposed amendments to certain 
registered investment company (fund) reporting requirements on Form N-PORT to:  

• Provide funds with an additional 15 days to file monthly reports of portfolio-related 
information 

• Reduce the publication of reports from monthly to quarterly 

• Streamline or remove certain reported information 

• Require certain additional information for funds, including certain identifying information 
and information about funds with share classes that operate as exchange-traded funds 
(ETFs) 

The Commission also extended the compliance dates for amendments to Form N-PORT that 
relate to the rule under the Investment Company Act of 1940 (the “Investment Company Act”) 
that addresses investment company names that are likely to mislead investors about an 
investment company’s investments and risks (the “Names Rule”). 



FACT SHEET | Form N-PORT Reporting; Extension of Compliance Dates for Names Rule Reporting 
 

U.S. SECURITIES AND EXCHANGE COMMISSION  Page 2 of 2 

Based on that review, the Commission is proposing amendments designed to reduce 
reporting burdens without significantly affecting the Commission’s use of the data and the 
public’s ability to assess relevant information about a fund.  

The proposal includes the following key elements: 

• The proposed amendments would provide registered funds with an additional 15 days to 
file Form N-PORT reports, up to 45 days after the end of the relevant month. This change 
is designed to alleviate the burdens of filing Form N-PORT reports within 30 days of 
month end, as required by the 2024 amendments, and reduce the potential for errors 
and resubmissions.  

• The proposed amendments would restore the quarterly publication frequency that had 
been in place for over two decades. The proposal would require public disclosure of 
registered funds’ portfolio holdings for the third month of each fiscal quarter with a 60-
day delay, instead of requiring public disclosure for every month with a 60-day delay as 
adopted in 2024. This change is designed to reduce the risks of more frequent public 
disclosure, such as external parties using information about a fund’s portfolio holdings in 
ways that increase costs for the fund and its shareholders. 

• The proposed amendments would streamline the information registered funds provide 
while maintaining the usability and reliability of Form N-PORT data by: (1) narrowing the 
scope of certain information collected on portfolio level risk metrics and returns; and 
(2) eliminating certain information collected on compliance with names-related regulatory 
requirements, payoff profiles of non-derivatives instruments, convertible bonds, and the 
reason a single holding has multiple liquidity classifications. 

• The proposed amendments would provide the Commission and the public on Form N-
PORT information on net assets and shareholder flows separately for ETF share classes 
and certain additional identifying information, such as ticker symbols. 

In addition to the proposal, the Commission is extending the compliance dates for the names 
rule-related reporting requirements on Form N-PORT to provide time to consider the 
proposed amendments to Form N-PORT and avoid certain costs associated with regulatory 
requirements that the Commission is proposing to eliminate. The compliance dates for the 
Form N-PORT names rule-related requirements are extended to Nov. 17, 2027, for fund 
groups with net assets of $10 billion or more as of the end of their most recent fiscal year; 
and to May 18, 2028, for fund groups with less than $10 billion in net assets as of the end of 
their most recent fiscal year. 

 
 

What’s Next?  
The proposing release for Form N-PORT amendments is published on the SEC’s website 
and will be published in the Federal Register. The comment period will remain open for 60 
days after the Federal Register publication date. 

 


	Background
	Highlights of the Proposing Release and Extension
	What’s Next?