You’ll only pay an ongoing charge plus a share of portfolio transaction costs (the costs incurred when funds buy and sell investments). The ongoing charge may vary from year to year, and is mostly, if not exclusively, the Annual Charge which may be discounted depending on the size of the fund. There are no extra charges or hidden costs, which means no service fees and no entry or exit charges on your investments.
To see what you might pay for the funds you are interested in, click on our charges calculator (on the right hand side).
As you can see from the examples below, we have two charging levels based on the overall value of your investment with us, which are set at £1 and £250,000.
|Overall value of investments||£1 - £249,999
(R share class)
(I share class)
|M&G Recovery Fund (Equity)||1.16%||0.91%|
|M&G Corporate Bond Fund (Bond)||0.91%||0.66%|
|M&G Episode Income Fund (Multi Asset)||1.05%||0.80%|
The funds shown are for example purposes. Other funds are available. Please note that where funds do not offer an R Share Class, the A Share Class will be available for portfolios up to £249,999. The ongoing charge for the M&G Recovery Fund is based on expenses for the year ending 31 December 2018. The ongoing charge for the M&G Corporate Bond Fund is based on expenses for the year ending 31 December 2018. The ongoing charge for the M&G Episode Income Fund is based on expenses for the year ending 30 April 2019. Each fund’s annual report will include details of the exact charges made in that financial year.
You can view the ongoing charges for all our funds in the fund selector.
Our approach is based on the idea of active fund management, which means we’re constantly looking for the best opportunities for your investments.
As a result, different funds have different levels of charges because of the varying investment approaches that they follow. But we believe that our actively managed funds, with all the added benefits of our hands-on style and investment expertise, have the potential to outperform passively managed funds.
When you’re deciding how to invest, it's important to remember that the value and income from a fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.