Fund charges

Entry charge

An entry charge is the maximum amount that might be taken out of your money before it is invested in a fund to cover the cost of setting up your investment. For example, if you invest £10,000, an entry charge of 4% means that £400 will be taken out and the remaining £9,600 will be invested. 

Ongoing charge

Ongoing charges cover all aspects of operating a fund, including investment management, oversight and other independent services and administration charges. They do not include entry or exit charges, portfolio transaction costs or performance fees.

Share class

Category of shares held by investors in a fund (share classes differ by levels of charges and/or other features such as currency).

Effective 16 December 2016, we have made some changes to our charging structure:

The entry charge has been discounted to zero on all new investments into Sterling Class Shares that currently carry such a charge. For any customers investing by Direct Debit, the discount will apply for as long as their Direct Debit contributions continue. (The changes apply to all M&G funds offering the Share Classes concerned.)

Exit charges have been waived on future withdrawals from all Sterling Class X Shares. (The changes applies to all M&G funds offering the Share Classes concerned.)

The Investment Association (IA) has produced an independent guide to charges and costs, which you can view on their website. Please note this will open in a new window.

The table below shows the charges for each of M&G’s funds, which are listed alphabetically.

Charges are shown for the 12 months to the stated fund reporting date. For new funds with no reporting date as yet, or existing funds where a material change has occurred (eg, a new share class or an unusually large transaction flow), charges are estimated until the fund’s first reporting date/reliable figures reflecting the change are available. The table is updated yearly in February.

The terms used in the table are as follows:

Fund Share class Ongoing charge % Entry charge % Fund reporting date
 M&G Absolute Return Bond Fund
A Inc
0.86 (Est)
0
13/12/16
(launch date)
 A Acc
 0.86 (Est)
 0  13/12/16
(launch date)
 I Inc
0.66 (Est)
 0 13/12/16
(launch date) 
 I Acc
 0.66 (Est)
 0 13/12/16
(launch date) 
M&G Asian Fund A Inc 1.73 4 31/08/15
A Acc 1.73 4 31/08/15
X Inc 1.73 0 31/08/15
X Acc 1.73 0 31/08/15
I Acc 0.98 1 31/08/15
I Inc 0.98 1 31/08/15
M&G Corporate Bond Fund A Inc 1.16 3 31/12/15
A Acc 1.16 3 31/12/15
X Inc 1.41 0 31/12/15
X Acc 1.41 0 31/12/15
I Inc 0.66 1 31/12/15
I Acc 0.66 1 31/12/15
M&G Dividend Fund A Inc 1.66 4 31/12/15
A Acc 1.66 4 31/12/15
X Inc 1.66 0 31/12/15
X Acc 1.66 0 31/12/15
I Inc 0.91 1 31/12/15
I Acc 0.91 1 31/12/15
M&G Emerging Markets Bond Fund A Inc 1.44 3 31/12/15
A Acc 1.44 3 31/12/15
X Inc 1.44 0 31/12/15
X Acc 1.44 0 31/12/15
I Inc 0.79 (Est)
1 31/12/15
I Acc 0.79 (Est)
1 31/12/15
M&G Episode Allocation Fund A Inc 1.58 4 31/10/15
A Acc 1.58 4 31/10/15
X Inc 1.58
0 31/10/15
X Acc 1.58
0 31/10/15
I Inc 0.83
1 31/10/15
I Acc 0.83
1 31/10/15
M&G Episode Defensive Fund A Acc 1.41
4 31/07/15
I Acc 0.71
1 31/07/15
M&G Episode Growth Fund A Inc 1.78
4 30/10/15
A Acc 1.78
4 30/10/15
X Inc 1.78
0 30/10/15
I Inc 0.93
1 30/10/15
I Acc 0.93
1 30/10/15
M&G Episode Income Fund A Inc 1.55
4 30/10/15
A Acc 1.55
4 30/10/15
X Inc 1.55
0 30/10/15
X Acc 1.55
0 30/10/15
I Inc 0.80
1 30/10/15
I Acc 0.80
1 30/10/15
M&G Episode Macro Fund S-H 1.95
4 31/12/15
T-H 0.95
1 31/12/15
M&G European Select Fund A Inc 1.69
4 31/08/15
A Acc 1.69
4 31/08/15
X Inc 1.69
0 31/08/15
X Acc 1.69
0 31/08/15
I Inc 0.94
1 31/08/15
I Acc 0.94
1 31/08/15
M&G European Corporate Bond Fund A Inc 1.16
3 31/12/15
A Acc 1.16
3 31/12/15
X Inc 1.41
0 31/12/15
X Acc 1.41
0 31/12/15
 I Inc 0.66
 1 31/12/15
 I Acc 0.66
 1 31/12/15
M&G European High Yield Bond Fund A Inc 1.43
3 31/12/15
A Acc 1.43
3 31/12/15
X Inc 1.43
0 31/12/15
X Acc 1.43
0 31/12/15
 I Inc 0.93
1 31/12/15
I Acc 0.93
1 31/12/15
M&G European Index Tracker Fund A Acc 0.70
0 31/08/15
A Inc 0.70
0 31/08/15
M&G European Smaller Companies Fund A Inc 1.69
4 31/08/15
A Acc 1.69
4 31/08/15
X Inc 1.69
0 31/08/15
X Acc 1.69
0 31/08/15
I Inc 0.94
1 31/08/15
I Acc 0.94
1 31/08/15
M&G European Strategic Value Fund A Inc 1.67
4 31/07/15
A Acc 1.67
4 31/07/15
I Inc 0.92
1 31/07/15
I Acc 0.92
1 31/07/15
M&G Fund of Investment Trust Shares A Inc 1.20
4 31/12/15
A Acc 1.20
4 31/12/15
X Inc 1.69
0 31/12/15
X Acc 1.70
0 31/12/15
M&G Gilt & Fixed Interest Income Fund A Inc 0.91
0 30/11/15
A Acc 0.91
0 30/11/15
I Inc 0.66
1 30/11/15
 I Acc 0.66
1 30/11/15
M&G Global Basics Fund A Inc 1.68
4 31/08/15
A Acc 1.68
4 31/08/15
X Inc 1.68
0 31/08/15
X Acc 1.68
0 31/08/15
I Inc 0.93
1 31/08/15
I Acc 0.93
1 31/08/15
M&G Global Convertibles Fund A Inc 1.66
4 31/07/15
A Acc 1.66
4 31/07/15
I Acc 0.91
1 31/07/15
I Inc 0.91
1 31/07/15
A-H Acc  1.67
4 31/07/15
 I-H Acc  0.92
1 31/07/15
M&G Global Corporate Bond Fund
A-H Inc
1.27
3 31/12/15
A-H Acc
1.27
3 31/12/15
I-H Inc
0.77
1
31/12/15
I-H Acc
0.77
1 31/12/15
M&G Global Dividend Fund A Inc 1.67
4 30/09/15
A Acc 1.66
4 30/09/15
X Inc 1.66
0 30/09/15
X Acc 1.66
0 30/09/15
I Inc 0.91
1 30/09/15
I Acc 0.91
1 30/09/15
M&G Global Emerging Markets Fund A Inc 1.75
4 31/07/15
A Acc 1.75
4 31/07/15
I Inc 1.00
1 31/07/15
I Acc 1.00
1 31/07/15
M&G Global Floating Rate High Yield Fund  A-H Inc 1.43
3 31/07/15
A-H Acc 1.41 3 31/07/15
I-H Inc 0.83
1 31/07/15
I-H Acc 0.82
1 31/07/15
M&G Global Select Fund A Inc 1.66
4 31/08/15
A Acc 1.66
4 31/08/15
X Inc 1.66 0 31/08/15
X Acc 1.66
0 31/08/15
I Inc 0.91
1 31/08/15
I Acc 0.91
1 31/08/15
M&G Global Leaders Fund A Inc 1.67
4 31/08/15
A Acc 1.67
4 31/08/15
X Inc 1.67
0 31/08/15
X Acc 1.67
0 31/08/15
I Inc 0.92
1 31/08/15
I Acc 0.92
1 31/08/15
M&G Global Macro Bond Fund A Inc 1.41
3 30/10/15
A Acc 1.40
3 30/10/15
X Inc 1.40
0 30/10/15
X Acc 1.40
0 30/10/15
I Inc 0.80
1 30/10/15
I Acc 0.80
1 30/10/15
M&G Global High Yield Bond Fund A Inc 1.41
3 30/11/15
A Acc 1.41
3 30/11/15
X Inc 1.41
0 30/11/15
X Acc 1.41
0 30/11/15
I Inc 0.81
1 30/11/15
I Acc 0.81
1 30/11/15
 M&G Global Target Return Fund
A Acc
 0.91 (Est)
 0 13/12/16
(launch date)
 I Acc
 0.71 (Est)
 0 13/12/16
(launch date)
M&G Index-Linked Bond Fund A Inc 0.66
0 30/11/15
A Acc 0.66
0 30/11/15
I Inc 0.56
1 30/11/15
I Acc 0.56
1 30/11/15
M&G Index Tracker Fund A Inc 0.46
0 30/11/15
A Acc 0.46
0 30/11/15
M&G Global Government Bond Fund A Inc 1.24
0 31/12/15
A Acc 1.24
0 31/12/15
I Inc 0.74
1 31/12/15
I Acc 0.74
1 31/12/15
M&G Global Recovery Fund A Inc
1.68
4 31/07/15
 A Acc
1.68
4
31/07/15
I Inc 0.93
1 31/07/15
I Acc 0.93
1 31/07/15
M&G Japan Fund A Inc 1.70
4 31/08/15
A Acc 1.70
4 31/08/15
X Inc 1.69
0 31/08/15
X Acc 1.71
0 31/08/15
I Inc 0.94
1 31/08/15
I Acc 0.94
1 31/08/15
M&G Japan Smaller Companies Fund A Inc 1.70
4 31/08/15
A Acc 1.70
4 31/08/15
X Inc 1.70
0 31/08/15
X Acc 1.71
0 31/08/15
I Inc 0.95
1 31/08/15
I Acc 0.95
1 31/08/15
M&G Managed Growth Fund A Inc 1.73
4 30/10/15
A Acc 1.72
4 30/10/15
X Inc 1.73 0 30/10/15
I Inc 1.00
1 30/10/15
I Acc 0.99
1 30/10/15
M&G North American Dividend Fund A Inc 1.66 4 31/08/15
A Acc 1.66
4 31/08/15
X Inc 1.66
0 31/08/15
X Acc 1.66
0 31/08/15
I Inc 0.91 0 31/08/15
I Acc 0.91
0 31/08/15
M&G North American Value Fund A Inc 1.66
4 31/08/15
A Acc 1.66
4 31/08/15
X Inc 1.66
0 31/08/15
X Acc 1.66
0 31/08/15
I Inc 0.91
1 31/08/15
I Acc 0.91
1 31/08/15
M&G Optimal Income Fund A Inc 1.41
3 30/09/15
A Acc 1.41
3 30/09/15
X Inc 1.66
0 30/09/15
X Acc 1.66
0 30/09/15
I Inc 0.91
1 30/09/15
I Acc 0.91
1 30/09/15
M&G Pan European Dividend Fund A Inc 1.69
4 31/07/15
A Acc 1.69
4 31/07/15
I Inc 0.94
1 31/07/15
I Acc 0.94
1 31/07/15
M&G Pan European Select Fund A Inc 1.68
4 31/08/15
A Acc 1.68
4 31/08/15
X Inc 1.68
0 31/08/15
X Acc 1.68
0 31/08/15
I Inc 0.93
1 31/08/15
I Acc 0.93
1 31/08/15
M&G Property Portfolio A Inc 1.89
5 30/09/15
A Acc 1.89
5 30/09/15
 D Inc 1.00
2
30/09/15
 D Acc 1.00
2  30/09/15
X Inc 1.89
0 30/09/15
I Acc 1.15
2 30/09/15
I Inc 1.15
2 30/09/15
M&G Recovery Fund A Inc 1.66
4 31/12/15
A Acc 1.66
4 31/12/15
X Inc 1.66
0 31/12/15
X Acc 1.66
0 31/12/15
I Inc 0.91
1 31/12/15
I Acc 0.90
1 31/12/15
M&G Short Dated Corporate Bond Fund A Inc 0.65
0 30/11/15
I Inc 0.55
1 30/11/15
M&G Smaller Companies Fund A Inc 1.66
4 31/12/15
A Acc 1.66
4 31/12/15
X Inc 1.66
0 31/12/15
X Acc 1.66
0 31/12/15
I Inc 0.91
1 31/12/15
I Acc 0.91
1 31/12/15
M&G Strategic Corporate Bond Fund A Inc 1.16
3 31/08/15
A Acc 1.16
3 31/08/15
X Inc 1.41
0 31/08/15
X Acc 1.41
0 31/08/15
I Inc 0.66
1 31/08/15
I Acc 0.66
1 31/08/15
M&G UK Income Distribution Fund
(prior to 16 December 2016 this fund was known as the M&G Extra Income Fund)
A Inc 1.41
4 30/11/15
A Acc
 1.41 4
30/11/15
X Inc
 1.41 0  30/11/15
X Acc
 1.41 0  30/11/15
 I Inc
 0.91 1  30/11/15
 I Acc
 0.91 1
 30/11/15
M&G UK Select Fund
 A Inc
1.66
4
30/11/15
A Acc 1.66
4 30/11/15
X Inc 1.66
0 30/11/15
X Acc 1.66
0 30/11/15
I Inc 0.91
1 30/11/15
I Acc 0.91
1 30/11/15
M&G UK Inflation Linked Corporate Bond Fund A Inc 1.16
3 30/09/15
A Acc 1.16
3 30/09/15
I Inc 0.66
1 30/09/15
I Acc 0.66
1 30/09/15

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