Students have to find an annual report or prospectus of any existing mutual fund and obtain the
Question:
Students have to find an annual report or prospectus of any existing mutual fund and obtain the following information about that mutual fund.
Students need to turn in a one-page report with all the itemized information:
1. Investment objective
2. Investment portfolio:
- asset allocation and portfolio composition: major asset categories
- top five holdings of the fund (value and percentage of fund assets)
3. Fee and charges:
- load charges: both front-end load and redemption fees
- annual expenses such as management and promotional fee: expense ratios
4. Past performance:
- year to date, last 12 months
- compound annual return for the last three and five years
- performance rating relative to peer funds
Information Sources:
1. You can contact fund companies to obtain the annual report or prospectus.?Fidelity Investment (www300.fidelity.com) and Vanguard Group (www.vanguard.com) are two major mutual fund management companies?
2. You can also obtain information from Morningstar (www.morningstar.com), which is the major provider of mutual fund, stock, and variable‑insurance investment information?
Expert Answer:
ANSWER Investment Objective The investment objective of the mutual fund is to maximize returns by in... View the full answer
