Statement of Additional Information - SAI

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DEFINITION of 'Statement of Additional Information - SAI'

A supplementary document to a mutual fund's prospectus that contains additional information about the fund and includes further disclosure regarding its operations. Also, known as "Part B" of the fund's registration statement.

BREAKING DOWN 'Statement of Additional Information - SAI'

Information contained in the SAI conveys information about a mutual fund that is not necessarily needed by an investor to make an informed investment decision since the prospectus usually provides all of the information needed, in abbreviated form. However, some investors find the SAI useful and although fund companies are not required to provide it, they must give it to investors upon request and without charge.

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RELATED FAQS
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    Yes. An exchange-traded fund (ETF) is a type of security that tracks a basket of assets or an index (such as an index fund), ... Read Full Answer >>
  2. How do I find out how much money a mutual fund manager has in his or her fund?

    It's natural for investors in a mutual fund to want to know how much the fund's management has invested in it. After all, ... Read Full Answer >>
  3. How do dividends affect net asset value (NAV) in mutual funds?

    Distribution of dividends reduces the net asset value (NAV) of mutual fund shares. However, this doesn't mean that fund investors ... Read Full Answer >>
  4. Are mutual funds considered retirement accounts?

    Unlike a 401(k) or Individual Retirement Account (IRA), mutual funds are not classified as retirement accounts. Employers ... Read Full Answer >>
  5. Do mutual funds invest only in stocks?

    Mutual funds invest in stocks, but certain types also invest in government and corporate bonds. Stocks are subject to the ... Read Full Answer >>
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    Mutual funds are not Federal Deposit Insurance Corporation (FDIC)-insured because money invested in funds are not considered ... Read Full Answer >>

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