Each mutual fund has its own corresponding Fund Facts sheet. This sheet provides essential information about mutual funds, including the fund’s investment objectives, a breakdown of its assets, strategies, associated risks, fees, and past performance.

The purpose of Fund Facts is to give investors a clear and concise overview of what to expect from the fund, enabling them to make informed investment decisions. You can find a Fund Facts sheet on the website of the institution offering the fund, or you can ask the issuer for a copy. 

Key information a Fund Facts sheet includes:

Fund overview: A summary of the fund’s objective, including its investment goals and strategy.

Top holdings:  A  list of the top investments within the fund, often including a breakdown by sector or asset class.

Risk rating:  A  risk level assigned to the fund, helping investors gauge how much volatility or risk they might expect.

Performance history:   An overview of past performance, with average annual returns over different periods (one-year, three-year, etc.) and a chart illustrating historical returns.

Fees and expenses:  A  clear outline of management fees, trading fees, and any other fees that might apply, showing the impact on potential returns.

Who manages the fund:  Information about the fund management team

How to buy and redeem:  Details on how to purchase and redeem units in the fund, including any restrictions or fees related to transactions.

By providing this critical information all in one concise document, Fund Facts sheets make it easy for investors to quickly and confidently understand everything they need to know before committing to a fund.An example of a Fund Facts sheet can be found here.