The dirty secret about your mutual fund. One company comes clean. Buy a typical mutual fund and you may never discover exactly what you own.
Most funds disclose their holdings just twice a year.
Few tell anyone how often they trade, which can seriously impact after-tax returns. But slowly, fund companies have begun to crack open their books. This maverick operation makes its entire portfolio open for inspection. No other fund flirts with so much disclosure, though others have started moving in the same direction. Other smaller funds, including Munder NetNet and Firsthand Funds, also offer Web updates of their holdings.