Course 109: Important Fund Documents, Part 2
In this course
1 Introduction
2 Letter from the President
3 Letter from the Portfolio Manager
4 Recent Fund Performance
5 Portfolio Holdings
6 Footnotes
7 Financial Statements
8 What To Do Next

Don't forget to read the fine print. In the footnotes, you can find out if fund managers are practicing such strategies as shorting stocks or hedging exposure to foreign currency, which can significantly affect the fund's performance.

Footnotes can also provide insights into particular portfolio holdings. For instance, they may designate certain holdings as illiquid securities and 144a securities, which means they're more difficult to trade than plain common stocks.

Next: Financial Statements >>

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