Complex sentence: The IPO Plus Aftermarket Fund, an almost exclusively IPO-based mutual fund, was approved by the U.S. Securities and Exchange Commission in 1998 and is notable for being one of the first mutual funds of its kind.
Split into simpler sentences: The IPO Plus Aftermarket Fund, an almost exclusively IPO-based mutual fund, was approved by the U.S. Securities and Exchange Commission in 1998. It is notable for being one of the first mutual funds of its kind.