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DFIN Solves for
the Tailored Shareholder Reports Rule

DFIN understands that the Tailored Shareholder Reports ruling may have a variety of impacts to your business and we know that comes with uncertainty and increased scrutiny. You can rest assured that DFIN is the right partner along this journey and will help you conquer the operational challenges that Tailored Shareholder Reports may uncover.

Experience the DFIN TSR Difference

Impacting nearly 12,000 funds & ETFs and 32,000 share classes, the SEC's Tailored Shareholder Reports rule presents significant operational changes to the industry in multiple compliance areas. Whether you use our ArcReporting® solution or managed/traditional service models, see how DFIN can reduce TSR complexity for your organisation.

iXBRL Tagging
Data Reconciliation
Dynamic TSR Templates
Dashboard-Driven Process Control
Web Hosting

iXBRL Tagging

  • Built to meet the scale and complexity of a comprehensive SEC standard validation toolkit — capable of managing the most intricate multi-series, multi-class iXBRL processing
  • DFIN’s accurate tagging service delivers an iXBRL package that is verified by our software and fully validated by our experts, ultimately ensuring compliance when filing with the SEC
  • Maximize TSR template design flexibility during the iXBRL production process by leveraging the industry's most proven iXBRL tagging and filing engine and resources
  • Expertise you can rely on — DFIN is the market leader in iXBRL tagging, production and filing, having prepared and filed tens of thousands of documents each year

Data Reconciliation

  • Integrated data flow within ArcReporting eliminates the need for post-production reconciliation and guarantees consistency with the fund’s financial results at a share class level
  • Allows for straight-through processing between the financial report and TSR
  • Customizable data checks allow your team to configure reconciliations to suit your company's needs
  • Reduces the likelihood of necessary rework to identify which documents (Tailored Shareholder Reports or Financial Statements) contain incorrect data

Dynamic TSR Templates

  • Accelerates time to market by providing a pre-designed, flexible template structure that dynamically adjusts to your specific content needs
  • Adaptable templates meet branding requirements through dozens of flexible formatting options
  • Designed to meet regulatory guidelines, ensuring that essential elements within the SEC’s Tailored Shareholder Reports rule are not overlooked

Dashboard-Driven Process Control

  • End-to-end integration to facilitate different parts of Form N-CSR and TSRs from document creation, iXBRL tagging, filing, and web hosting from a single dashboard in real time
  • Bulk processing allows teams to generate, download, and approve Tailored Shareholder Reports and financial report data, including items 7‑11
  • Allows team leads and managers to make
data-driven decisions during the cycle
  • Option to choose between self-filing in ArcReporting or to leverage the leading SEC filing agent

Web Hosting

  • ArcDigital’s Web Hosting tracks SEC filings, and then dynamically loads and updates the most accurate versions of the print-ready PDF documents in a proprietary, secure repository
  • Easy navigation from landing page to each of the required documents with a single click as required by the SEC
  • Dynamic user experience through mobile ready responsive websites
  • Fulfill all ’40 Act obligations as well as meeting the latest rules and requirements supporting layered disclosure

Quantifying TSR Complexity

Want to better understand how the Tailored Shareholder Reports ruling might impact your workflow and output? Try DFIN's TSR online calculator. Simply enter the number of share classes for a filing and see how the 2024 compliance date will add complexity to the work your organisation is doing today.

Enter number of Share Classes


Documents include the annual report or semi-annual report


iXBRL not required


Documents Web Hosted
Annual report or semi-annual report


Current annual report or semi-annual report must be delivered upon request


After the TSR Compliance Date

Documents include each TSR and Form N-CSR / N-CSRS

iXBRL is required for each TSR

Documents Web Hosted
Documents to be hosted - each TSR and N-CSR / NCSRS (Items 7-11)

Print is required for each TSR, and for Items 7-11 of N-CSR / N-CSRS if requested

This calculator is for illustrative purposes only. Numbers are approximate.

TSR Complexities You Can Solve for Today: Web Hosting & ADA Compliance

In DFIN’s new podcast, Brian Lynch, Vice President, Solution Services, and Joe Wash, Solution Services Expert, discuss the importance of web hosting and ADA compliance and why companies should be planning for their solution today.


eDelivery for TSR:
A More Efficient and Cost-Effective Distribution Solution

Satisfying regulatory compliance can put a burden on your staff and, depending on your approach, can strain your budget. With ArcDigital eDelivery from DFIN, you can send TSR compliance materials via email. It’s less costly, customizable and easier to manage.

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Tailored Delivery UI

Understanding the iXBRL Requirements Around the Tailored Shareholder Reports Ruling

Have questions about the iXBRL requirements for Tailored Shareholder Reports ruling? DFIN has answers. Our FAQ document provides answers to the most commonly asked questions regarding the iXBRL requirements for the Tailored Shareholder Reports ruling as set by the SEC.

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To have a deeper conversation, please contact us to learn more and talk to an expert about Tailored Shareholder Reports.