ESI M&G All Stocks Sterling Credit P Dis EUR Hdg

The Fund aims to provide a combination of capital growth and income of the Markit iBoxx Sterling Non-Gilts Index (Total Return Gross) plus 0.80% (gross of fees per annum), over any five-year period, while applying ESG Criteria. Core investment: at least 70% of the Fund is invested in GBP-denominated investment grade debt securities (corporate bonds, government bonds and any type of asset-backed securities). The Fund aims to have a duration of +/- 1 year relative to the duration of the benchmark. The Fund may invest up to 40% in gilts, of which up to 30% may be in conventional gilts and up to 10% in index-linked gilts. The Fund may invest up to 30% in asset-backed securities. Issuers of these securities may be located in any country, with a maximum of 30% in emerging markets. The Fund aims to hedge any non-GBP assets back to GBP. 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 5% in preference shares, up to 10% in convertible bonds including contingent convertible bonds, and up to 10% in below investment grade debt or debt like securities at the time of purchase. The Fund may also invest in other funds, and up to 30% 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: GBP Strategy in brief: • Investment approach: the investment manager will employ multiple strategies to meet the Fund's investment objective, including asset allocation, sector and security selection, and duration and yield curve management. The approach will focus on the risk / return relationship for each strategy and the portfolio as a whole. • Investment manager's ESG classification: Planet + / ESG Enhanced, as defined in the Fund's Prospectus. • SFDR category: Article 8 Benchmark: Markit iBoxx Sterling Non-Gilts Index (Total Return Gross)

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No