Which of the following statements would you not expect to find in a collective fund plan document?

In a collective fund plan document, it is typical to include essential information about how the fund operates and how it manages its assets. Among the various details included, the allocation of income, profits, and losses, as well as the fees and expenses charged to the fund, are critical for investors to understand how their returns may be affected and what costs they will incur. Furthermore, information regarding fund asset valuation is fundamental to ensure transparency and to inform participants how often the fund's assets are evaluated and the methods used in that valuation.

However, the purchase information for the collective fund's investments, including cost, is less pertinent in the context of the plan document. While investors need to know how the fund is managed and the costs associated with operating the fund, the specific details on the purchase costs of each investment might not be included. This information is often detailed in investment brochures or fund fact sheets rather than in a collective fund plan document, which is more focused on governance, fees, and financial principles rather than granular transaction details. This distinction helps keep the plan document streamlined and relevant to participants’ primary concerns in collective fund management.