Sally wants to invest in a mutual fund. The mutual fund must provide a(n) ____ to her as a potential investor.

Question

Quizplus · Accepted Answer

A prospectus is a legal document that mutual funds are required to provide to potential investors. It contains information such as the fund's investment objectives, past performance, risks, and fees. This information is important for Sally to make an informed decision about investing in the mutual fund. While analysis, past performance reports, quarterly reports, and summary reports may be helpful, they are not as comprehensive as a prospectus.

Sally Wants to Invest in a Mutual Fund