M&G (Lux) US High Yield Bond C Dis $

The Fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the US high yield corporate bond market over any five-year period while applying ESG Criteria. Core investments: at least 80% of the Fund is invested in high yield corporate bonds denominated in US dollar. The Fund aims to hedge any non-US dollar assets back to US dollar and issuers of these securities may be located in any country, including emerging markets. There are no credit quality restrictions applicable to the investments and the Fund may invest up to a combined maximum of 100% of its net asset value in high yield or unrated bonds. 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 in government bonds, public securities and higher quality corporate bonds. The Fund may hold up to 20% in contingent convertible debt securities, up to 20% in asset-backed securities, and up to 10% in distressed debt and defaulted debt securities. 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 focuses on high yield corporate bonds, which typically pay higher rates of interest to compensate investors for the greater risk of default. The sub-investment manager will seek to provide exposure to a broad range of issuers across a variety of industrial sectors. The sub-investment manager has the flexibility to adjust the Fund's credit exposure, sector positioning and regional allocations depending on the assessment of current market valuations and the macroeconomic environment, including the likely path of economic growth, inflation and interest rates. The sub-investment manager is assisted in the selection of

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No