statement of additional information

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Statement of Additional Information (SAI)

A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus.

Part B Prospectus

A supplement to a mutual fund's prospectus. It contains additional information on the fund, usually on its risks and operations. Mutual funds do not provide the part B prospectus to investors automatically, as many investors do not believe they need it to make an appropriate decision on whether to buy shares in the fund. However, regulations require that a mutual fund provide a copy of its part B prospectus free of charge upon request. It is also called a statement of additional information.

statement of additional information

A document that contains detailed supplementary information for investors. The statement is available from a mutual fund at no charge but generally will not be sent unless specifically requested. Also called Part B.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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* THE SEC HAS ADOPTED A NEW RULE requiring a fund to disclose in its prospectus and statement of additional information its market-timing risks; policies and procedures adopted, if any, by the board of directors, aimed at deterring market-timing; and any arrangement that permits it.

Recently, the SEC adopted a new rule, Disclosure Regarding Market Timing and Selective Disclosure of Portfolio Holdings, requiring more detailed disclosures in different parts of the fund's prospectus and statement of additional information. A fund now must describe market-timing risks, any policies and procedures adopted by the board of directors aimed at deterring market-timing, and any arrangement that permits it.

The mutual fund trading scandals: implications for CPAs and their clients

Ferrigno's group wants to improve the information included in a mutual fund prospectus by requiring that additional expenses now reported in a fund's Statement of Additional Information be included in the prospectus.

401(k) experts call for more reporting on plan fees and cost: American Society of Pension Actuaries recommends more disclosure

Expenses--The Prospectus and Statement of Additional Information

The predictable aspect of mutual funds: fees

Nomination facility available, subject to applicable conditions as per the Statement of Additional Information and Scheme Information Document.

Dividend Announced - DSP BlackRock Top 100 Equity Fund

Each portfolio's Statement of Additional Information, a document that supplements the prospectus, must disclose the names of other portfolios that a manager manages, describe managers' ownership interest in the portfolio, and describe the managers' compensation structure.

SEC releases final rule on portfolio manager disclosure

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