There are two share classes available for the majority of the funds that we sell within The M&G ISA. This allows you to choose which share class best suits your investment needs.
A share class is defined by its charging structure. So, a fund may have
Sterling Class A Shares - the initial charge varies between 0 and 5%, depending on the fund. If you buy this share class online, you may be entitled to a discounted initial charge.
Sterling Class X Shares - no initial charge and an exit fee. The exit fee reduces depending on how long you hold the investment and after five years there is no exit fee at all.
Each fund has a nominated share class. If you do not choose a share class at the time of application, your investment will be allocated to the nominated share class. Please read and retain the Key Features (923 KB) for more information on the nominated share class. You will require Adobe Acrobat to view this document.
Sterling Class A Shares are available for all OEIC funds which can be held within The M&G ISA.
Sterling Class X Shares are available for the majority of funds with the exception of the following which only offer Sterling Class A Shares:
| European Index Tracker Fund
Gilt & Fixed Interest Income Fund High Interest Fund Index Tracker Fund | International Sovereign Bond Fund
Long Dated Sterling Bond Fund Real Yield Fund |
Please note that you cannot invest by Direct Debit into Sterling Class X Shares unless it is the nominated share class.
Please refer to the Key Features document (923 KB) for information on M&G Investment Trusts/Companies. You will require Adobe Acrobat to view this document.