Mutual Fund Annual Reports
Portfolio: Some mutual fund financial reports include a more in-depth discussion of the fund’s performance for the period than the shareholder’s letter.
Statement of Assets and Liabilities: A mutual fund’s statement of assets and liabilities reflects the fund’s financial position at the stock or bond market’s close on the date of the report. Assets typically include investments that are valued at market on the financial statement date. Other assets include collateral held for securities loaned and receivables. Two examples are dividends and interest income receivable, which represent income earned by the fund but not yet collected in cash. Liabilities primarily represent amounts the fund owes for the purchase of new securities.