Funds Facts | AMF (2024)

FAQs

What is included in fund facts? ›

Fund Facts highlights key information for investors, including a description of the fund and the performance, risks and costs of buying and owning the fund, in a short, easy-to-read document.

Overall, Vanguard Intermediate-Term Tax-Exempt Investor ( VWITX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.

Fund Facts must be filed by all mutual funds annually and they must be updated whenever there is a material change to the fund.

If you're considering a mutual fund, the seller is required to provide Fund Facts, an information sheet on the fund that discloses critical information such as the total number of investments in the fund, the fund's performance history, and costs.

While the Fact Sheet provides recent performance data, the Prospectus often includes a more extensive history of the fund's performance, allowing you to see how it has performed over various market conditions.

Currently under securities legislation, a Fund Facts is required to be delivered to investors within two days of buying a mutual fund.

A mutual fund fact sheet is a document that provides essential information about a mutual fund scheme, such as its objectives, risks, performance, portfolio, expenses, and other details.

Fact sheets detail critical information on fees, risk, and historical returns. Analyzing fees on a mutual fund is critical since high fees significantly impact overall returns. These fact sheets are easy to find on the fund's platform.

So, why does Buffett only recommend index funds? Because it's the best possible choice, "on an expectancy basis," as he put it. In other words, buying an index fund has a higher expected return than buying any single individual stock or actively managed mutual fund.

Generally, bonds have a lower rate of return compared to stocks, so the average annual return would likely be around 3-5%. The average annual return for investing 100% in stocks varies depending on the type of stocks and market conditions. Historically, the average annual return for stocks has been around 8-10%.

What is the duration of Vfitx? ›

Average maturity of 5–10 years. Negligible credit risk. Moderate exposure to interest-rate risk.

Fund facts documents are required to be updated every year and any time there's a material change to the fund. It's important to understand how a particular fund fits into your overall financial plan and with your other investments.

A fund factsheet is an overview of a fund including the fund's investment objective, risk level, costs, past performance and holdings details. Factsheets are usually published on a monthly basis and available online for free, and are thus one of the most convenient and timely tools for investors to learn about a fund.

The expense ratio is how much you pay a mutual fund or ETF per year, expressed as a percent of your investments. So, if you have $5,000 invested in an ETF with an expense ratio of .04%, you'll pay the fund $2 annually. An expense ratio is determined by dividing a fund's operating expenses by its net assets.

The factsheet usually tells you the fund's objectives, the fund's details, the fund's asset allocation, what a potential investor's profile is, the historical returns of a fund, the top holdings of the fund, risk assessment, and the fees involved.

Fund fact sheets are published monthly by portfolio managers to give you important information about a portfolio, eg the risk profile, objectives, performance, asset allocations and other key features.

A KIID is the older version of a KID. It was designed to replace a fund's simplified prospectus, so that non-expert investors could get the information they need in a short, standardised format. KIIDs are two pages long and made up of six sections, covering: Fund, share class and management company details.