Dad was at the bank advisor

My father (81) had his bank advisor at PSD Bank persuade him to buy the managed fund “VermögenPlus Strategie III” for EUR 25. Either my father wasn't listening properly or the advisor selectively didn't mention details, but my father didn't remember the key data (investment horizon 5 years, for investors who are more willing to take risks). What I personally don't like are the costs of 2.27% per year, always based on the value of the fund. Hence my question: is there a