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Unformatted text preview: und. Unlike the fund prospectus,
however, investors do not receive the SAI unless they specifically request it; one industry joke is that SAI stands
for “something always ignored.” The fund's annual report also includes portfolio composition and financial
statements, as well as a discussion of the factors that influenced fund performance over the last reporting period.
With more than 8,000 mutual funds to choose from, it can be difficult to find and select the fund that is best
suited for a particular need. Several publications now offer “encyclopedias” of mutual fund information to help in
the search process. One prominent source is Morningstar's Mut ual Fund Sourcebook . Morningstar's website,
www.mornings tar.com, is another excellent source of information, as is Yahoo!'s site,
finance .yahoo.com/funds . The Investment Company Institute—the national association of mutual funds,
closed- end funds, and unit investment trusts—publishes an annual Direct ory of Mut ual Funds that includes
information on fees as well as phone num...
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- Summer '11