Translate Investment Jargon From a Statement or Prospectus Into Plain Terms

The fund factsheet uses six terms you half recognise and the actual implications are buried under them. This translates each unclear term into plain English and, more usefully, what it means for your actual risk or return, not just a dictionary definition you will forget in five minutes.

Translate this into plain English for someone who understands money but not financial jargon: {INPUT}. For each term or clause that is not obvious, give a one line plain definition and note briefly what it means for the actual return or risk, not just what the word means in the abstract. Skip anything already in plain language. Keep the whole answer under 200 words.

[paste the statement, prospectus excerpt, or fund document text here]