Key Points
Required to Include Corporate Information
Following the stock market crash of 1929, an annual report became a regulatory requirement that must include general corporate information.
Describes Financial Condition & Performance
An annual report is a document disseminated to shareholders every year that describes a company's financial condition and performance.
Narrative Text & Graphics
The annual report typically contains a narrative text, graphics, and photos.
Evaluate Performance
The annual report is used to evaluate a company's financial performance.
Full Report for Shareholders
Mutual funds must provide shareholders with a full annual report each year.
Holdings by Category
The annual report includes a table, chart, or graph of holdings by category.
Audited Financial Statements
The annual report includes audited financial statements and is published annually.
Condensed Financial Statements
The annual report includes condensed financial statements.
Returns for 1-5-10 Year Periods
The annual report includes returns for 1-, 5-, and 10-year periods.
Directors & Officers
The annual report includes information about directors and officers.