Choosing your share classes

The majority of M&G funds offer three share classes for investors.

Please read the Important Information for Investors document for further information on share classes and fund choices or call our Customer Relations team on 0800 390 390.

Choosing your share classes

For the majority of M&G funds, investors can choose between the following four share classes:

Sterling Class A Shares
Sterling Class X Shares
Sterling Class I Shares
Sterling Class R Shares*

Each share class has been designed with different investment needs in mind.

Please note that Sterling Class X Shares are no longer available for new investments in The M&G ISA and The M&G Junior ISA.

*Sterling Class R Shares are only available to private investors when you invest via our new online investing service myM&G or through a financial adviser.

On our Fund availability and fund types table (on page 4 of the M&G Important Information document) you will find information about the specific share classes available in your choice of fund(s). 

Within each share class you are also required to choose between;

  • Taking a regular income from your investments by choosing Income shares
  • Reinvesting the income they generate through choosing Accumulation shares

Income shares entitle the holder to be paid the income attributed to those shares on the payment date. This is usually paid twice a year but can be paid annually, quarterly or monthly depending on the fund.

Accumulation shares don’t pay income. Instead, they automatically reinvest any income accruing to the fund and this is reflected in the share price. If a fund only offers Income shares, any net income can be reinvested to buy more shares.

This means you can choose the best investment options for your individual requirements.

Please read the Important Information for Investors document for more information on share classes.

However, please remember that the value of investments and the income from them will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.

To summarise, when making your investment with M&G, please be sure to indicate;

1. The M&G fund(s) you wish to invest in
2. Your preferred share class(es) (detailed below)
3. Whether you would like to invest in Income or Accumulation shares

Remember, your application may be rejected if it is only partially completed.

We are unable to give financial advice. For impartial guidance about investing with M&G we recommend you speak to a financial adviser.

 

Sterling Class A Shares

  • Sterling Class A Shares carry no entry charge and no exit charge. However, an ongoing charge will still apply. The ongoing charge includes direct costs to the fund, such as the annual management charge, custodian charge and administration charge, but does not include portfolio transaction costs. For property funds, the specific costs of investing in property will also be included. For information on all of our charges, please refer to our Fund Charges page.
  • Minimum investment level (lump sum): £500

Sterling Class X Shares

  • Sterling Class X Shares carry no entry charge, and no exit charge.
  • Please note that ‘X shares’ are no longer available for new investment into The M&G ISA and the M&G Junior ISA.
  • Minimum investment level (lump sum): £500

Sterling Class I Shares

If you are looking to invest outside The M&G ISA, The M&G Junior ISA and The M&G Savings Plan you can do so with Sterling Class I Shares.

  • Sterling Class I Shares carry no entry charge and no exit charge.
  • Minimum investment level (lump sum): £500,000
  • For more information on Sterling Class I Shares, download the relevant Prospectus or call our Customer Relations team on 0800 390 390.

Sterling Class R Shares

If you are looking to invest in an ISA, Junior ISA or directly into an OEIC you can do so with Sterling Class R Shares. Please note that R Shares are not available within the M&G Savings Plan.

  • R Shares are only available to private investors when you invest via our new online investing service myM&G or through a financial adviser.
  • Sterling Class R Shares carry no entry and no exit charge
  • Minimum investment level: £1
  • For more information on Sterling Class R Shares, download the relevant Prospectus or call our Customer Relations team on 0800 390 390.