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A Key Investor Information Document (KIID) is a downloadable document provided by the fund manager which covers the essential features of the fund.

It gives you key facts and figures about the fund, such as investment risk, charges and past performance. You'll find the KIID next to each fund in the fund selection table. Also take a look at the Fund factsheet which will give you an overview of the fund.

Below you'll see an example KIID which includes explanations of what to look out for.

We can also help you get to grips with the basics of funds.

A.N. Example Fund

Key investor information

This section tells you the name of the fund, plus the date at which the information was published. It's usually produced on a quarterly basis, so to make sure it's the most recent information it's important to check the date.

Fund objective & policy

This section gives you a quick summary of the fund's main aims and objectives as decided by the fund manager.

Here you'll find important information such as:

  • Whether the fund is focused on income or growth
  • What sorts of industries the fund invests in (e.g. automotive or pharmaceutical)
  • What countries or regions the fund invests in

Prices and charges

This section gives you more details about the costs of investing in a fund. The most common charges include:

ChargeWhat it means
Ongoing chargesThese charges are combined into one overall cost known as an Ongoing Charges Figure (OCF). This is made up of a fund manager's annual management charge, which is taken by the fund manager to cover the ongoing cost of running, managing and administering the fund.
Fund entry or exit chargeThese costs are associated with making the investment which are charged to the investor when entering or exiting a fund, and which are then added to the fund (not retained by the fund manager).
Performance feeThese may be charged where the fund manager achieves a certain level of investment performance from managing the fund.

Past performance

Percentage growth

The table and graph will show how the fund has performed as percentages over each of the past 5 years. The example chart below doesn’t reflect the performance of a specific fund.

This can help you see how it has performed in different economic conditions and how it has varied year by year.

Risk and reward profile

Each fund is graded on a scale of 1 to 7 which is determined by how volatile its returns have been over the last 5 years. The greater the fund’s volatility, the greater the risk of investing and the greater the potential return.

There are 7 different risk profiles which move up the scale from 1 (lowest) to 7 (highest).

When choosing your fund, you’ll need to ensure that it fits the risk profile that you’re most comfortable with.

Practical information

This section provides further information about the fund:

  • The structure of the fund and investment company
  • Where to find the simplified prospectus for the fund and the latest annual report details
  • Contact details