The UCITS Key Investor Information Document (KIID) provides information on which of the following?

• A. Investment strategy only
• B. Tax treatment only
• C. Fees and charges only
• D. Fund manager background only

Answer: (C)

The main idea here is that the KIID is a concise, standardized disclosure designed to help investors compare costs across UCITS funds. It clearly highlights the fees and charges that affect returns, such as ongoing charges (the fund’s management and related costs) and any entry or exit fees, along with how these costs are expressed. This focus on costs is what makes it easy to assess how much a fund will actually eat into your returns.

While a KIID may also touch on elements like the investment objective or risk/reward profile, the document is built to surface costs most transparently to aid comparison. Tax treatment and the fund manager’s background are not the central details presented in a KIID, and the investment strategy is described but not the primary emphasis.