Mutual Fund Annual Reports
Two Reports a Year: Mutual funds typically issue two financial reports a year - the semiannual report, which is often dated June 30 or April 30, and the year-end or annual report, which is ofter dated December 31 or October 31.
Shareholder Letter: A shareholder letter is usually written by the fund’s president or investment manager, and reviews the fund’s investment objectives and performance for the current period.
Top 10: By looking at a mutual fund’s top 10 holdings, you’ll get a sense of the tupe of investments in the portfolio and the degree to which the fund meets your investment objectives. Similarly, study the industry composition of the portfolio - the percent of the fund’s asset that is invested in a particular industry.