Within two days of investing in a mutual fund, you will receive Fund Facts to help you understand your investment.
Fund Facts is a document that fund managers must create for each mutual fund that they sell. Each Fund Facts is in plain language, and no more than two pages double-sided. Fund Facts highlights key information for investors, including past performance, risks, and the costs of investing in the mutual fund.
Fund Facts have been in existence since 2011. However, providing Fund Facts to an investor within two days of the investor’s purchase is a new requirement that came into effect on June 13, 2014.
To learn more about Fund Facts, or for help understanding what each section means, click here.
If you have questions about what to ask before purchasing a mutual fund, and how to obtain the best advice and feel confident about your decisions, visit IFIC’s Investor Centre.