What does the financial highlights section of a prospectus hold?

1. Financial highlights generally appear towards the back of the statutory prospectus. 2. Financial highlights carry audited data on the fund's financial performance for each of the past 5 years. 3. It shows net asset values at the start and end of each period, total returns and several ratios. 4. Those ratios include expenses to average net assets, net income to average net assets, and the portfolio turnover rate. 5. Holdings lists appear in shareholder reports, and no prospectus section projects future returns. _Source: US SEC Office of Investor Education and Advocacy, "Mutual Funds and ETFs: A Guide for Investors", section Prospectus and Summary Prospectus_