Statement of Additional Information (SAI)

{
  "id": "MLC-T-FIN-000364",
  "term": "Statement of Additional Information (SAI)",
  "field": "Finance and investing",
  "definition": "Statements of additional information (SAIs) convey information about a fund in addition to what is available in the prospectus. Mutual funds, ETFs, registered closed-end funds, and some variable contracts will have SAIs.\n\nThe SAI generally includes the fund’s financial statements and additional information about: the history of the fund; officers, directors and persons who control the fund; investment advisory and other services; brokerage commissions; and tax matters. The SAI may contain expanded discussions of the matters described in the prospectus.\n\nA fund or variable contract is not required to deliver its SAI to an investor unless the investor requests it. If requested, a fund must provide it without charge.\n\nSome funds, specifically UITs, may not have separate SAIs because they are allowed to include the information required to be disclosed in the SAI in the prospectus.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/statement-of-additional-information-sai/"
}