M&G (Lux) Step Into Equity Income 2030 B Dis EUR

The Fund aims to deliver a total return (capital growth plus income) over any five-year period, while applying ESG Criteria. Core investment: on the First Day of the Investment Period (as defined in the Prospectus), a target allocation of 80% fixed income and 20% equity income. Thereafter, 4% steps into equity income will be taken each quarter. For example: in the first year following the First Day of the Investment Period, the quarter end fixed income and equity income allocations will be: 76% / 24% (Q1); 72% / 28% (Q2); 68% / 32% (Q3); 64% / 36% (Q4). This is repeated each year until end of Q4 in year 5 when the Fund is expected to be 100% allocated to equity income and 0% to fixed income. These percentages refer to the proportion of the Fund's net asset value. Target allocations will be achieved by investing as follows: • Fixed income allocation: the Fund invests exclusively via fixed income UCITS managed by M&G, up to 10% in distressed debt and defaulted debt securities, up to 20% in contingent convertible debt securities, up to 20% in asset-backed securities, up to a combined maximum of 30% in high yield and unrated securities, and up to 35% in government bonds and public securities. • Equity income allocation: the Fund invests in equity securities and equity-related instruments, or via M&G managed UCITS with equity income strategies. The Fund may invest in China A-Shares via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect or invest via the QFI status granted to the investment manager. • General:the Fund invests in shares of companies, government bonds and public securities from anywhere in the world, with up to 20% in emerging markets. The Fund may take exposure to companies across any sector and market capitalisation. 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 invest up to 20% in cash (meaning eligible depos

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No