M&G (Lux) GF Asian Local Currency Bond A $

The Fund aims to provide a combination of capital growth and income that is higher than the Asian bond markets over any three-year period, while applying ESG Criteria. Core investment: at least 80% of the Fund is invested in debt securities denominated in Asian currencies from issuers in any country, and in debt securities denominated in non-Asian currencies issued or guaranteed by Asian governments, their agencies, public authorities or other public issuers, by companies that are owned or guaranteed by Asian governments and by companies that are based, or do most of their business in any Asian country, including emerging markets. Currency exposures in the Fund are mainly in Asian currencies. The Fund may invest up to 30% in China onshore debt securities, up to 20% in a combination of asset-backed securities and contingent convertible debt securities, up to 10% in distressed debt and defaulted debt securities. The Fund invests in securities that meet the ESG Criteria, applying an Exclusionary Approach as described in the precontractual annex. Other investments: the Fund may also invest in other funds, and up to 20% in cash (meaning eligible deposits) and assets that can be turned quickly into cash. Derivatives usage: for investment purposes and to reduce risks and costs. Fund reference currency: USD Strategy in brief: • Investment approach: the Fund applies a dynamic approach to invest in a broad range of local currency denominated debt securities across Asian bond and currency markets. This entails an analysis of macroeconomic factors such as economic growth, interest rates and inflation and assessment of factors such as monetary and fiscal policies, capital flows, and political and regulatory environments, on a regional or country specific level. The sub-investment manager actively manages credit risk, currency exposure, interest rate exposure and security selection with a view to generating performance and returns under different market conditions and responding

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No