Statement of additional information (SAI)

Statement of additional information (SAI),

Definition of Statement of additional information (SAI):

  1. A statement of additional information is one of three documents an investor will commonly find when seeking information about a mutual fund. The other two documents include the prospectus and summary prospectus.

  2. A statement of additional information (SAI) is a supplementary document to a mutual fund's prospectus that contains additional information about the fund and includes further disclosure regarding its operations. A statement of additional information is required as Part B of the fund's registration statement which is filed with a Form N-1A.

  3. An addendum to the prospectus for a mutual fund that provides useful information about the funds operation over and above what the Securities & Exchange Commission requires.

How to use Statement of additional information (SAI) in a sentence?

  1. The SAI is used to disclose more detailed information and updated financials that may not be included in the broader prospectus.
  2. The SAI is a required document to be formalized by a mutual fund company, but does not need to be sent to prospective investors except upon request.
  3. A statement of additional information (SAI) contains information about a mutual fund that may not be found in its prospectus.

Meaning of Statement of additional information (SAI) & Statement of additional information (SAI) Definition