statement of assets and liabilities - Investment & Finance Definition
A financial statement used by mutual funds that outlines the fund’s assets and liabilities. Assets include such items as investments at market value, interest receivable, and prepaid expenses. Liabilities include dividends to shareholders, accrued expenses, investment adviser and administrator fees, and transfer agent and shareholder service fees. The statement of assets and liabilities sometimes includes the fund’s net assets, which is assets minus liabilities.