What do the classes mean; Class 1, Class R, Class A etc?
These abbreviations represent different units of the same fund which the fund manager has created to suit each type of buyer, such as investors with HL or institutional investors such as pension funds and multi-managers. Each unit in the fund may have different costs and also minimum investment levels.
There is no continuity across fund groups, class A for one fund is not necessarily the same as class A for another fund. 'A' is simply used to differentiate the fund from another unit of the same fund, class B or class Z for example.