Translate Investment Fund Factsheet Jargon Into Plain English

The factsheet is four pages of ongoing charges figures, risk ratings, and fund objectives written in a dialect that assumes you already work in finance. This translates it into plain English, including exactly what the fees cost in real terms, so the decision to invest is based on understanding, not a shrug.

Translate the investment fund factsheet text pasted below into plain English for someone considering investing in it who has no background in finance. Explain what the fund actually invests in, the ongoing charges figure and what it means in practical pounds-and-pence terms over a typical holding period, the risk rating if given, and any past performance figures, with a clear note that past performance does not predict future returns. Do not omit any charge mentioned, even ones that seem minor. Factsheet text: {FACTSHEET_TEXT}