Glossary

Annual report

A legally-required document filed each year by each fund that includes a description of how the fund has invested its assets. It provides investors with an overview of the fund with financial details such as a company and consolidated balance sheets, a statement of total return, an auditor´s report and includes information on the managers, the directors and the chairman of the fund. The chairman´s statement reflects the past year and the report should also mention any upcoming issues and meetings relating to the fund.