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KID reader

Every fund, ETF, structured product or insurance-based investment sold to private investors in the EU comes with a Key Information Document (KID) of at most three pages, laid out in the same order by law. Open yours next to this page, enter what it says, and read what each section means for you.

Legal basis: Regulation (EU) 1286/2014 (PRIIPs) and Commission Delegated Regulation (EU) 2017/653 as amended by (EU) 2021/2268. UCITS have used this format since 1 January 2023. Nothing here is a recommendation; the figures are the ones you enter.

  1. What is this product?

    The first section names the manufacturer, the type of product, its objectives, the intended investor and, for products with a fixed life, the term.

  2. What are the risks and what could I get in return?

    The summary risk indicator (SRI) puts the product on a scale from 1 (lowest risk) to 7 (highest). It combines how much the price has moved (market risk) with the chance that the issuer cannot pay (credit risk), and it assumes you keep the product for the recommended holding period.

    Below the indicator stand four performance scenarios for an investment of (usually) EUR 10,000: stress, unfavourable, moderate and favourable, each with the amount you might get back and the average return per year.

  3. What happens if the manufacturer is unable to pay out?

  4. What are the costs?

    Two tables: "costs over time" shows the total costs in money and the annual cost impact if you exit after one year and at the end of the recommended holding period; "composition of costs" splits them into entry and exit costs, management and other administrative costs, transaction costs and performance fees.

  5. How long should I hold it and can I take money out early?

  6. How can I complain?

  7. Other relevant information

What your KID says

  • Risk class–
  • Stress scenario, a year–
  • Unfavourable scenario, a year–
  • Moderate scenario, a year–
  • Favourable scenario, a year–
  • Costs, a year, at the holding period–
  • Share of the moderate return taken by costs–

The four scenarios over the holding period

Enter the scenario values to see them as paths.

Points to check

    Scenario returns are annualised from the end values you entered, which is how the KID itself expresses them ("average return each year"). They are the manufacturer's calculations under the rules, not forecasts, and not ours.

    Take these costs to the calculator

    Before you rely on a KID

    The KID is standardised so that products can be compared, but it is written by the manufacturer. Check the date on it (it must be reviewed at least yearly), read the prospectus for anything the three pages leave out, and compare the costs with the fund's own annual report. Our explainer Reading a Key Information Document goes through a complete example.

    Costs a year–
    Of the return–
    Details ↓

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