Unlike the fund prospectus however investors do not

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Ask a homework question - tutors are online