Omitting Prospectus

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TermOmitting Prospectus
What does Omitting Prospectus mean? It is an advertisement for a mutual fund that typically shows performance figures without providing (and thus, omitting) the full disclosure in the prospectus.

How the exam might test Omitting Prospectus: therefore, it must present caveats and encourage readers to read the prospectus and consider all the risks before investing in the fund.