SEC Form 497K1

AAA

DEFINITION of 'SEC Form 497K1'

A filing with the Securities and Exchange Commission (SEC), also known as the Profiles for Certain Open-Ended Investment Companies Form, used to file official copies of a "Short-Form Prospectus" for open-ended mutual funds. The information contained on SEC Form 497K1 includes the risks, costs, potential holdings, and redemption procedures for an open-ended mutual fund being sold to the public.

INVESTOPEDIA EXPLAINS 'SEC Form 497K1'

SEC Form 497K1 is used to file an abbreviated version of a mutual fund prospectus, that is meant to be much easier for investors to review and understand. Prior to the Short Form Prospectus, investors had to search through the much larger full-length prospectus to find the information required to make informed investment choices. In addition to benefiting the consumer, the use of a SEC Form 497K1 dramatically reduces the costs for mutual funds associated with delivering those larger prospectuses to customers.

Related Forms: SEC Forms 497K2, 497K3, N-1

RELATED TERMS
  1. SEC Form N-1A

    A filing with the Securities and Exchange Commission (SEC) that ...
  2. SEC Form 497

    The SEC form that investment companies use to file their definitive ...
  3. SEC Form 424B2

    The prospectus form that a company must file if it is making ...
  4. SEC Form 425

    The prospectus form that companies must file to disclose information ...
  5. Electronic Data Gathering, Analysis ...

    The electronic filing system created by the Securities and Exchange ...
  6. Prospectus

    A formal legal document, which is required by and filed with ...
Related Articles
  1. SEC Filings: Forms You Need To Know
    Investing Basics

    SEC Filings: Forms You Need To Know

  2. How does FINRA differ from the SEC?
    Investing

    How does FINRA differ from the SEC?

  3. Investigating The Securities Police
    Professionals

    Investigating The Securities Police

  4. Who's Looking Out For Investors?
    Personal Finance

    Who's Looking Out For Investors?

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center