A guide to understanding your mutual fund investment
The facts explained
The fund facts document is a clear, plain language document that contains key information about the mutual fund you’re thinking about purchasing. In no more than two double-sided pages, it explains the basics of what the fund invests in, the risks involved, how the fund has performed, and the costs of ownership. Review the fund facts document with your advisor and don’t be afraid to ask questions. It’s important that you’re comfortable with your investment decision.
Mutual funds are often available in different series. All series of a fund will have the same investment objective, but may have different availability based on the type of investor and his or her individual goals. For example, SLGI Asset Management Inc. offers Series A to all investors, but offers Series I only to institutional investors.
This is the date the fund facts document was filed with securities regulators. Fund facts documents are required to be updated every year and any time there’s a material change to the fund.
It’s important to understand how a particular fund fits into your overall financial plan and with your other investments. Your advisor will work with you to determine if this investment is suitable for you.