statement of additional information
Also found in: Acronyms.
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.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.