Which of the following statements correctly describes the purpose of the Fund Facts disclosure sheet?

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Fund Facts is a concise, standardized disclosure that gives investors essential information about a fund in an easily comparable format. Its purpose is to provide ongoing investor information, helping you understand the fund’s objective, risks, costs, and recent performance at a glance. This isn’t the full legal document—the prospectus or annual report—nor is it merely a marketing piece that emphasizes performance. It also isn’t a tax document; tax reporting comes from separate tax slips and filings. By presenting key facts in a plain-language, at-a-glance format, Fund Facts supports informed, ongoing investment decisions.