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Statement of Additional Information

Statement of Additional Information This is a document that outlines all of the information that an investor would need to know about a mutual fund. This includes things like policies, operations, risks, management procedures and anything else that an investor would ask before deciding to invest money in the fund. This is much more detailed than a prospectus, as nothing is abbreviated and each of these aspects is considered thoroughly in order to help the investor make an informed decision. A statement of additional information will usually be included with mutual funds that are different from the norm, as most investors would have a good idea of the basic policies that most mutual funds include.

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Definition of the Day Discount Rate

Definition: In order to determine the value of future cash flows, they need to be "discounted" back to the present ...

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