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Funds 109: Important Mutual Fund Documents: The Shareholder Report

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1.
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.
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.
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.
4.
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.
5.
Where in the mutual fund documents are you most likely to find an explanation of why your fund performed the way it did during the past year?
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In the portfolio manager's letter. Your manager runs the fund day to day, so you are most likely to find useful context in his or her letter. The president's letter tends to focus on economic and market trends. The footnotes provide details about the portfolio.
DONE