Get Stay Current SEC Adopts Summary Prospectus And Related Rules.doc

Offering memorandums are similar to prospectuses but are for private placements, while prospectuses are for publicly traded issues.

A summary prospectus is the disclosure document provided to investors by mutual fund companies prior to or at the time of sale.

New rule 498A under the Securities Act of 1933 will permit a person to satisfy its prospectus delivery obligations under the Securities Act for a variable annuity or variable life insurance contract by sending or giving a summary prospectus to investors and making the statutory prospectus available online.

The summary prospectus must contain the following items in standardized order and cannot include additional information, nor omit required information: Investment objectives/goals. Fee and expense tables. Principal investment strategies, principal risks and performance table. Management information.

A prospectus includes pertinent information such as a brief summary of the company's background and financial information. The name of the company and its principals, age of the company, management experience, and management's involvement in the business.

This allows you to better understand the funds you are invested in. Each time a company updates the prospectus, they'll send a new one out. There is no requirement or need to keep the prospectus once you have reviewed it.

A summary prospectus is a disclosure document that includes key information from the beginning of a complete prospectus and recent updates but doesn't include all the sections and details of a statutory prospectus. As the name suggests, summary prospectuses are typically abbreviated versions of statutory prospectuses.

Final answer: The term that also represents a summary prospectus is 'Mutual fund profile'. The other options, although related to securities, aren't synonymous with summary prospectus.