When you invest your HSA, you will be provided with fund prospectuses for the funds you have selected.
A prospectus is a formal legal document that is required by and filed with the Securities and Exchange Commission. A prospectus provides details about an investment offering for sale to the public. A prospectus should contain the facts that an investor needs to make an informed investment decision. A fund prospectus contains details on its objectives, investment strategies, risks, performance, distribution policy, fees and expenses and fund management. You can use a prospectus to make informed decisions when selecting funds.
Be sure to consult with a financial planning and/or tax professional as needed to understand your options.