---
title: "KID (Key Information Document, PRIIPs)"
description: "The PRIIPs KID is the standardised three-page pre-contractual document EU retail investors receive, showing a 1–7 summary risk indicator, performance scenarios and costs."
canonical: https://fundfactsapi.com/glossary/kid
published: 2026-09-04
updated: 2026-09-04
publisher: FundFacts API
---

# KID (Key Information Document, PRIIPs) (PRIIPs KID, Key Information Document, KID document)

> The PRIIPs KID is the standardised three-page pre-contractual document EU retail investors receive, showing a 1–7 summary risk indicator, performance scenarios and costs.

## Definition

The **Key Information Document (KID)** is the pre-contractual disclosure required by the EU [PRIIPs](https://fundfactsapi.com/glossary/priips) Regulation for packaged retail investment products. It is limited to three A4 pages and follows a fixed template: what the product is, its risk and reward (a **summary risk indicator** from 1 to 7 plus performance scenarios), what happens if the manufacturer cannot pay, costs over time and their composition, recommended holding period, and how to complain. The regulation has applied to structured products and insurance-based investments since 2018 and to UCITS funds sold to EU retail investors since 1 January 2023, when it replaced the [UCITS KIID](https://fundfactsapi.com/glossary/kiid).

## Why it matters

The KID is the one document a distributor must give a retail investor before they buy, so its numbers, especially the [SRI](https://fundfactsapi.com/glossary/sri) and the cost figures, are what compliance systems, suitability tools and fund comparison sites need. Because it is templated, it is also the most machine-readable of a fund's documents.

## In the API

The API reads the current KID for each share class. The risk indicator is in `riskRating` with a label in `profile.riskBand`, costs in `headlineMetrics.ter`, and the objective text in `investmentObjective`. Example values:

```json
{
  "riskRating": 4,
  "profile": { "riskBand": "medium" },
  "headlineMetrics": { "ter": 0.20 },
  "investmentObjective": "The fund aims to track the performance of the MSCI World Index."
}
```

## Common pitfalls

The PRIIPs SRI and the older KIID SRRI are both 1–7 scales but use different methodologies, so the same fund can score differently on each. PRIIPs cost figures include transaction costs, which the KIID ongoing charges figure excluded. In the UK, UCITS funds sold to retail investors continue to use the KIID pending the FCA's replacement regime.

## In the FundFacts API payload

- `riskRating`
- `profile.riskBand`
- `headlineMetrics.ter`
- `investmentObjective`

## About FundFacts API

FundFacts turns any fund or ETF ISIN into one dated factsheet (fees and KID costs, the 1–7 risk indicator, holdings, sector and country exposure, returns) read from the fund house's own documents: as a client-ready PDF under your firm's name for advisers and wealth managers, as JSON through its API for developers, or inside ChatGPT and Claude through its MCP server.

FundFacts works inside ChatGPT and Claude as a connector (a remote MCP server): ask about any fund or ETF by ISIN, ticker or name and the assistant answers from FundFacts' dated figures, fees, risk, holdings, exposure and returns, with fund cards, side-by-side comparisons, holdings overlap and portfolio look-through.

- Free API key, no card: https://fundfactsapi.com/signup
- Documentation: https://fundfactsapi.com/docs (OpenAPI: https://fundfactsapi.com/openapi.json)
- MCP server: https://fundfactsapi.com/api/mcp (set-up for every client: https://fundfactsapi.com/mcp-server)
- Pricing: https://fundfactsapi.com/pricing
- Site index for AI assistants: https://fundfactsapi.com/llms.txt
- Informational data, not investment advice.