Point 5: Investment Advisor and Portfolio Manager of the Fund
The fund is managed by [a named] fund advisory firm. Responsible for the day-to-day activities of the fund is [the named] portfolio manager who has managed this fund and investments for the fund advisor over [some stated number of years].
What to Look for: Beyond who is managing the fund now, this section details how the portfolio manager's tenure matches the performance history of the fund. The year-to-year performance history of the fund may not be the work of the current portfolio manager—a critical bit of information for aggressive and actively managed funds, but unimportant for index funds.
Point 6: Purchasing Shares
You may purchase shares by mail, wire or exchange from another fund in the family. The minimum initial investment is [some stated amount] and the minimum additional investment is [some stated amount]. No load is charged on purchase of shares.
What to Look for: This is a simple, "how do I buy shares?" description, and if you are interested in the fund after doing further analysis, contacting the fund will secure an account application. More important, however, is the minimum initial investment—does it and any subsequent investment minimums conform to your plan?
Point 7: Selling Shares
You may resell all or a portion of your shares on any business day by written request, telephone, or wire transfer.
What to Look for: Your choice of redemption mode is made on the account application, and the choices are standard for most funds.
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