Mutual Fund Prospectus

When you purchase shares of a mutual fund, your mutual fund representative, financial advisor or investment advisor must provide you with a prospectus within 48 hours of purchasing a mutual fund or at least a simplified prospectus if investing with an existing client with the already existing fund company or its family of funds. You can-and should-request and read a fund's prospectus before you invest in any investment fund. The prospectus is the fund's primary selling document and contains valuable information, such as the fund's investment objectives or goals, principal strategies for achieving those goals, principal risks of investing in the fund, fees and expenses, and past performance. The prospectus also identifies the fund's managers and advisers and describes its organization and how to purchase and redeem shares. The prospectus also acts as an "owner's manual" after you've invested in a fund. Consumers should know and understand the ‘the right of rescission’ which allows the customer a ‘free look’ or the right to cancel or refund the investment within a specific time period.