ESI M&G STS ABS AI EUR

The Fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the 1-month Euribor over any three-year period, net of fees, while applying ESG Criteria. Core investment: the Fund invests in any type of investment grade Asset-Backed Securities (ABS) designated as Simple, Transparent and Standardised (STS) in accordance with the Securitisation Regulation as defined in the Prospectus, denominated in any currency, and in cash and near cash. At least 70% of the Fund will be invested in investment grade STS ABS. The Fund does not invest in ABS which are not designated as STS such as Collateralised Loan Obligations (CLO) or Commercial Mortgage Backed Securities (CMBS). In the event that an ABS is no longer considered to qualify for the STS designation, the investment manager will review the transaction and take appropriate action. The investment manager will invest in securities exposed to Europe and the United Kingdom which are compliant with or eligible in accordance with the rules of the Securitisation Regulation. The Fund aims to hedge any non-EUR assets back to EUR. All STS ABS purchased by the Fund will be at least investment grade at the time of purchase. In the event of a downgrade, which causes the security to be rated below investment grade, such securities may remain in the Fund provided in aggregate they are less than 3% of the Net Asset Value of the Fund. To the extent that the aggregate value of such securities is more than 3% of the Net Asset Value of the Fund, any which have not been upgraded within a six-month period, will be sold. 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 which have equivalent restrictions in respect of the rating requirements disclosed above and up to 30% in cash (meaning eligible deposits) and assets that can be turned quickly into cas

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No