What is a prospectus of a fund?
Answer: A mutual fund prospectus is a pamphlet or brochure that provides information about a mutual fund. Mutual fund companies must give potential investors a prospectus, free of charge, before they invest. The prospectus will include information about the fund manager’s objectives and practices.
Do I need to keep investment prospectus?
The length of time you keep a prospectus is up to you; there is no requirement or need to keep this document once you have reviewed it unless you want to have a copy on hand for reference. If you do choose to hold onto your prospectus, throw it out when you receive a fresh copy.
What is Delaware Value fund?
About DDVAX The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies (the 80% policy).
What are the objectives of prospectus?
Objectives of Issuing Prospectus: To bring to the notice of the public that a new company has been formed. To preserve the authentic record of the terms and allotment on which the public have been invited to buy shares or debentures of the company.
What should a prospectus include?
A prospectus includes some of the following information:
- A brief summary of the company’s background and financial information.
- The name of the company issuing the stock.
- The number of shares.
- Type of securities being offered.
- Whether an offering is public or private.
- Names of the company’s principals.
When should a prospectus be delivered?
By Daniel A. Section 5(b)(2) of the Securities Act of 1933 requires an issuer to deliver a physical copy of a prospectus before completing the sale of a security. Rule 15c6-1 effectively requires issuers to deliver the prospectus within three business days of the trade date.
How long can you hold a mutual fund?
Well, there’s one official answer from the revenue department of the Government of India. For the purpose of calculating your tax liability, investments in listed stocks and equity mutual funds are considered long term if the holding period is one year. For other investments, the limit is three years.
Is a prospectus legally binding?
Filing a prospectus eliminates the need of writing a white paper. The prospectus on the other hand is legally binding and equally informs potential investors.
Where can I find the Delaware fund prospectus?
This and other information can be found in the Funds’ prospectuses and their summary prospectuses, which may be obtained by visiting delawarefunds.com/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.
When was the investor protection unit created in Delaware?
The Investor Protection Unit (hereinafter, the “Unit”) was created in 1973 with the passage of the Delaware Securities Act (hereinafter, the “Act”), which is found at Chapter 73 of Title 6 of the Delaware Code.
How are rules pursuant to the Delaware Securities Act?
A reference in these Rules Pursuant to the Delaware Securities Act (hereinafter, the “Rules”) to a provision in the Act shall be deemed to be a reference to the same provision as re-designated under any amendment to the Act. The Unit provides written interpretative opinions under the Act in response to written requests.
Are there any Delaware funds by Macquarie mutual funds?
We are pleased to share that Macquarie Asset Management has completed the acquisition of Waddell & Reed Financial, Inc. and we welcome Ivy Investments to the existing Delaware Funds by Macquarie mutual fund lineup. Investing involves risk, including the possible loss of principal.