How do I get the token for a date field type to display as a custom format? When adding content I entered a date which is February 2013 within a Date field type but it is displayed as raw data such as 2013-02-01T00:00:00 for the token that is listed as [node:field_fact_sheet_date].

If I instead change the token to [node:field_fact_sheet_date:custom:F Y] or                                                     [node:field_fact_sheet_date:custom:F,Y] then nothing is listed.
However it is working when I use [current-date:custom:F Y] and displayed correctly as August 2013.  How do I get the token for a date field type to display as a custom format?
A date may be a range, therefore [node:field_date] cannot be considered as a date token. Install Entity API and enable the module "Entity tokens" to get access to the actual date value,
Beware that for an obscure reason Entity token replace the underscore ([node:field_date...) of the original tokens name by a dash ([field-date...), you will then have access to a properly formatted date (in my case "[node:field-date:value:custom:Ym]", in the original question I guess therefore "[node:field-fact-sheet-date:value:custom:F,Y]")