Funds available within the M&G ISA

There are currently two share classes available for investment in the majority of our funds within The M&G ISA. This allows you to choose the share class that best suits your client's investment needs.

Sterling Class A Shares
Carry an initial charge (which is deducted from the amount you are investing) and no withdrawal fee. If you buy this share class online, you may be entitled to a discounted initial charge.
Sterling Class X Shares
Do not carry an initial charge, but have a withdrawal fee which reduces each year from the date of each investment and after five years there is no withdrawal fee at all.

The table below shows the withdrawal fees for Sterling Class X Shares:

Withdrawal Fees – Sterling Class X Shares/Units
Withdrawal before the stated anniversary of their purchase	Withdrawal Fee
1st year	4.5%
2nd year	4.0%
3rd year	3.0%
4th year	2.0%
5th year	1.0%
Thereafter	Nil

Nominated share class

Each fund has a nominated share class. If your client does not specify a share class at the time of application, their investment will be allocated to the nominated share class.

Please note that clients cannot invest by direct debit into Sterling Class X Shares unless it is the nominated share class. Only Income Shares are available in The M&G ISA.

Please refer to the Key Features (2 MB) for further information on share classes, including those for Investment Trusts. You will require Adobe Acrobat to view this document.

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For financial advisers only. Not for onward distribution. No other persons should rely on the information contained within this website.
Issued by M&G Securities Limited and M&G Financial Services Limited which are subsidiaries of M&G Limited. M&G Limited is incorporated and registered in England. Registered Office: Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 1048359. Registered for VAT, number GB235 3237 81. Both M&G Securities Limited and M&G Financial Services Limited are authorised and regulated by the Financial Services Authority and provide ISAs and other investments. M&G Securities Limited is registered on the FSA's register, No. 122057 (http://www.fsa.gov.uk/register/). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 90776. M&G Financial Services Limited is registered on the FSA's register, No. 122058. Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 923891. Both companies are registered for VAT, number GB235 3237 81.