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Funds 109: Important Mutual Fund Documents: The Shareholder Report

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1.
In your mutual fund shareholder report, turn to your fund's per-share data if you want to find _______.
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The turnover ratio. Stocks are listed in the portfolio-holdings section while an expense breakdown appears in the statement of operations. The per-share data features a series of ratios such as annual expenses and turnover as well as per-share distribution and net asset values.
2.
For details about how your mutual fund fees are spent, consult the _______.
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Statement of Additional Information. While the prospectus provides a view of all fund costs--including management and operational fees, as well as any commissions--the SAI breaks down those costs into their components, such as the portion of 12b-1 fees paid to brokers.
3.
The part of a mutual fund shareholder report that discusses recent performance should, ideally, cover performance over what time frame?
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Several different time frames. The report should include several different time frames, both short and long.
4.
A good shareholder report will compare your fund's performance with what?
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Both. You want to know how your fund stacks up against an index as well as a set of peers.
5.
Where in the mutual fund documents are you most likely to find a general explanation of how new developments in energy have affected the economy?
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The letter from the president. This would be a large-scale type of trend.