An official document companies must file with Securities and Exchange Commission (the SEC) as part of a registration process in order to provide an investment offering to the public. They’re filed for stocks, bonds, and mutual funds. These documents assist investors in making informed investment decisions. They provide details on details on the offering itself, investment objectives, strategies, performance, fees, and fund management. They also show the risks of investing in the security or mutual fund. This is accomplished by disclosing factors like the age of the company, their experience levels, and the financials of the company itself.