Series 26: Summary Prospectus: Open-End Management Companies

Taken from our Series 26 Online Guide

Summary Prospectus: Open-End Management Companies

A summary prospectus provides investors with a summary of key information about a fund presented in a standardized sequence, thereby allowing easy comparison of funds. A summary prospectus is also called a fund profile. Specifically, it must provide the information required by items two through eight of Form N-1A, and only that information, in the order required by the form.

The cover page of the summary prospectus must contain:

  • The fund’s name and class of securities
  • The exchange ticker symbol
  • A statement identifying the document as a summary prospectus
  • The approximate date of its first use
  • The following legend:

Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus and other information about the Fund online at ___. You can also get this information at no cost by calling ___ or by sending an e-mail request to ___.

The contents of the summary prospectus must include, in this order:

  • A statement of the fund’s investment objectives and fund type
  • A statement of its fees and expenses, including sales loads, management and distribution fees, and portfolio turnover
  • A statement of its investment strategy and principal risks
  • An identification of the fund’s management team, including the name of its investment adviser and the name, title, and experience of its portfolio managers
  • A disclosure of the fund’s minimum investment requirements and procedures for redeeming shares
  • A disclosure regarding the taxability of distributions
  • The following disclosure regarding the compensation of financial intermediaries:

If you purchase through a financial intermediary such as a bank or broker-dealer, the fund may pay the intermediary for the s

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