Yesterday, BlackRock [see profile] and Morningstar turned in comment letters on the SEC's target-date fund proposals, and the Wall Street Journal took notice.

Both backed the idea of requiring a table that shows how funds shift from riskier holdings to more conversative ones.

Another component of the SEC's proposal involves disclosing information about how the funds will look on the target-date in marketing materials, adjacent to the fund name. Morningstar suggested de-emphasizing the idea that the funds are structured with a single date in mind.

BlackRock, for its part, believes that the graphic and other disclosures will suffice.  

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