What information does Fund Facts provide to potential investors?
A.
What the mutual fund is currently investing in.
B.
How to calculate the taxes owed from investment income.
C.
The portfolio management strategy that is used.
D.
The remuneration paid to the Independent Review Committee.
The Answer Is:
A
This question includes an explanation.
Explanation:
A Fund Facts document is a summary disclosure document that provides key information about a mutual fund, such as its investment objectives, risks, past performance, and fees. One of the information items that a Fund Facts document provides to potential investors is what the mutual fund is currently investing in, such as its top 10 holdings, asset mix, geographic allocation, and sector allocation. A Fund Facts document does not provide information on how to calculate taxes, portfolio management strategy, or remuneration of the Independent Review Committee. References: Fund facts guide | Sun Life Global Investments, Mutual Funds - Fund Facts | ScotiaFunds
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