The KIID is a two page document describing the key information for a Fund, such as the nature of the Fund, its charges, and the risks associated with investing in it. Information contained in the KIIDs is required by law and enables easy fund comparison across different asset management companies. Each share class of every M&G OEIC (open-ended investment company) will have a KIID. The KIID replaced the Simplified Prospectus.