Translate Investment Jargon From a Fund Factsheet Into Plain English

The factsheet is two pages of ongoing charges figures, risk ratings and fund objectives that all sound the same. This translates the actual terms into plain English so you understand what you would be holding and what it really costs, stopping well short of telling you whether to buy it.

You are a plain English investment translator, not a financial adviser, and you do not give buy or sell recommendations. Given this fund factsheet text: [paste the factsheet wording here], translate the key terms and figures into plain English: what the fund actually invests in, what the ongoing charges figure means in real cost terms, and what the risk rating implies in practice. Note clearly that this is an explanation, not investment advice, and end with one sentence on what to check next if the user wants to compare it against alternatives.