Risk and reward profile error

It has come to our attention that for a small number of fund share classes the risk number in the ‘Risk and reward profile’ was overstated by 1 category. The affected share classes are as follows:

 Fund Sterling share class
Period risk number was overstated Overstated rating  Correct rating
M&G European Strategic Value Fund Class A Shares 28/04/2017 - 07/07/2017
 6  5
M&G European Strategic Value Fund Class I Shares  28/04/2017 - 07/07/2017  6  5
M&G Pan European Select Fund Class A Shares 28/04/2017 - 07/07/2017
 6  5
M&G Pan European Select Fund
Class I Shares 28/04/2017 - 07/07/2017
 6  5
M&G Pan European Select Fund
Class X Shares
28/04/2017 - 07/07/2017
 6  5
M&G Fund of Investment Trust Shares Class A Shares 28/04/2017 - 07/07/2017
 5  4
M&G Fund of Investment Trust Shares Class X Shares 28/04/2017 - 07/07/2017  5  4
M&G Global Recovery Fund
Class A Shares
 28/04/2017 - 07/07/2017
 6
 5
M&G Global Recovery Fund Class I Shares 28/04/2017 - 07/07/2017  6  5

The error meant that we reported a higher price volatility over the period than was actually observed.

The risk number is based on the rate at which the value of the Fund has moved up and down in the past. This error meant that we reported a greater movement than actually occurred.

The risk number reflects the historical volatility of the share class price. It is recalculated every month.

The risk number is based on historical data and may not be a reliable indicator of the future risk profile of the Fund. It is not guaranteed and may change over time.

View the latest Key Investor Information Documents.

Should you have any further queries please contact our Customer Relations team.