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The Mutual Fund Prospectus
Mutual Fund Bullet Tour Page 4The mutual fund prospectus is in essence a contract with the shareholders that defines - what the fund will invest in
- constraints on the management of the fund
- the fund's investment objectives
- and the investment strategy to be employed by the fund's manager.
The following important information is also included in every mutual fund prospectus: - Investment Risks
- Who should invest
- Historical Performance
- Fees & Expenses
- Who is eligible to buy shares
- Types of accounts
- Minimum Investments
- How share price is determined
- Purchasing Policies
- Redemption Policies
- How to buy shares
- How to redeem shares
- Shareholder Services
- Distributions and Taxes
- Fund Management
- Portfolio Holdings Disclosure Policy
- Changes in Objectives Policy
The prospectus is not marketing literature, it is a legal document prepared in accordance with SEC regulations. As such, it is straight forward and unbiased. It may be rather dry reading, but it's the real deal.Relevant Content:
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