ESI M&G Sust. Total Return Credit Inv. L EUR

The Fund aims to provide a combination of capital growth and income of the 1-month EURIBOR plus 3-5% per annum, gross of fees, over any five-year period, while applying ESG Criteria. Core investment: at least 70% of the Fund is invested in corporate and government bonds, cash (meaning eligible deposits) and assets that can be turned quickly into cash, convertible bonds, asset-backed securities (ABS), and preference shares, denominated in any currency. The Fund may invest up to 40%in ABS. Issuers of these securities may be located in any country, including emerging markets. At least 75% of the Fund's assets will be denominated in EUR or hedged back to EUR. The Fund invests in securities that meet the ESG Criteria, applying an Exclusionary Approach and a Positive ESG Outcome, as described in the precontractual annex. Other investments: the Fund may invest up to 20% in contingent convertible bonds, up to 10% in distressed debt and defaulted debt securities and in other funds. Derivatives usage: for investment purposes and to reduce risks and costs. Fund reference currency: EUR Strategy in brief: • Investment approach: the Fund is an actively managed, diversified fixed income fund that will typically invest in debt instruments. These will include, but are not limited to, instruments with a fixed, variable or floating rate coupon. The Fund seeks to exploit long term risk premia from fixed income asset classes, such as government bonds, investment grade or high yield corporate bonds, or ABS. The investment manager employs multiple strategies including asset allocation, sector and security selection, duration, and yield curve. • Investment manager's ESG classification: Planet+ / Sustainable, as defined in the Fund's Prospectus. • SFDR category: Article 8 Benchmark: 1-month EURIBOR The benchmark is a target which the Fund seeks to outperform. The rate has been chosen as the Fund's benchmark as it is an achievable performance target and best reflects the scope of the Fund

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No