Friday, March 28, 2014 5:22:56 PM
This is gonna be HUGE for those invested in SPLI. I'd hate to be short come Monday, ROFL!!
From Investopedia:
"A filing with the Securities and Exchange Commission (SEC) that must be submitted by mutual funds, except for insurance company separate accounts and small business investment companies licensed under the United States Small Business Administration. The form is designed to promote effective communication between funds and prospective investors by including information on the fund's fundamental characteristics and investment risks. The information must be presented clearly, so that the average investor, who may not have a strong legal or financial background, can understand it. It must also provide a balanced view of the fund, disclosing both its positives and negatives."
Source: http://www.investopedia.com/terms/s/sec-form-n-1a.asp
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