We calculate the prices for each fund at a set time each working day. This is called the valuation point. All M&G funds have a valuation point of 12 noon UK time on each working day.
Our dealing cut off is at 11am each working day, prior to the valuation point. If we receive your instruction after the dealing cut off you will receive the price as calculated at the next working day's valuation point.
M&G funds are priced on a forward basis (a future price based on the next valuation point) which means you will not know the exact price you are dealing at.