How dated can a Fund Facts sheet be? My sheet is dated Nov 2016, and it is July 2017.
Fund Facts is a user-friendly document that provides important information that you should know about the mutual fund you are buying, such as performance history, investments, risk rating and fees. Mutual fund dealers are required to give investors a copy of the latest Fund Facts before they decide to purchase a mutual fund. Learn more using this interactive sample of Fund Facts.
Fund Facts must be updated by the mutual fund company on an at least an annual basis or more frequently if there has been a material change to the fund that affects the content of document (e.g., a change in investment objectives or an increase in the management fee of the mutual fund). The Fund Facts should be dated within a 12-month period from the date of the fund’s simplified prospectus.
All updated Fund Facts can be found on the System for Electronic Document Analysis and Retrieval (SEDAR).
Speak to your advisor if you have questions about information presented in Fund Facts.