Part B: Statement of Additional Information
The statement of additional information broadens and expands the information in the prospectus. The SAI should include each of the following:
• the identity of investment adviser/portfolio manager
• directors and officers of fund, along with their background, experience, and compensation
• names of anyone who holds more than 5% of any class of the fund’s equity securities
• fund’s control persons (those owning more than 25% of the company’s voting securities)
• identities of underwriters and how they are compensated
• date the fund was formed