M&G (Lux) GF China Corporate Bond C Dis $

The Fund aims to provide a combination of capital growth and income that is higher than that of the China corporate bond market over any three-year period, while applying the ESG Criteria. Core investment: at least 80% of the Fund is invested in debt securities issued by companies (including state-owned and private enterprises) that are based or do most of their business in China. At least 60% of the Fund is invested in high quality debt securities, and the Fund may also invest up to 20% in lower quality debt securities (including up to 10% in distressed debt and defaulted debt securities). These debt securities are typically denominated in CNY, CNH or in USD. Investments in Chinese onshore debt securities denominated in CNY are made through the China Interbank Bond Market or via the QFI status granted to the sub-investment manager. 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 debt securities issued or guaranteed by the China government and its agencies. Additionally, the Fund may invest up to 20% in a combination of asset-backed securities and contingent convertible debt securities, 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 debt securities across the China corporate bond market. The investment approach combines top-down fundamental analysis and bottom-up security selection. The top-down analysis entails the analysis of macroeconomic factors such as economic growth, interest rates and inflation. For China specific levels, factors such as monetary and fiscal policies, capital flows, and political and regulatory environments are also assessed. The sub-investme

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No