Which document serves as a concise disclosure sheet for ongoing updates to investors?

• A. Fund Facts
• B. Prospectus
• C. Annual report
• D. Marketing brochure

Answer: (A)

Fund Facts is the concise disclosure sheet designed to keep investors informed with up-to-date, essential information about a fund in a standardized, easy-to-read format. It highlights the fund’s objective, principal risks, fees, and recent performance, along with contact information. Because it’s meant to be quick and comparable, it’s updated whenever there are material changes to the fund so investors aren’t left guessing about costs or features. The other documents serve different purposes: the prospectus is a detailed, long-form document created at launch; the annual report provides a full year-end financial and performance picture; and a marketing brochure is promotional and not the official ongoing disclosure tool.