M&G (Lux) Global Funds - M&G (Lux) China Corporate Bond fund Class A USD Income

Objective and investment policy 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. Risk and reward profile Low risk High risk Typically lower rewards 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. 1 Typically higher rewards 2 3 4 5 6 7 ￭ The above risk and reward indicator is based on simulated historical data and may not be a reliable indication of the future risk profile of this share class. This Share Class is categorised in risk class 4 because its simulated Net Asset Value has shown medium rises and falls in value historically. ￭ The risk number shown is not guaranteed and may change over time. ￭ The lowest risk number does not mean risk free. 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-investment manager seeks to identify and take advantage of growth and/or income opportunities across all segments of the China corporate bond universe. The sub-investment manager actively manages sector, interest rate and currency exposures with a view to generating performance and returns under different market conditions and responding to changes in the macroeconomic outlook. The Fund’s flexibility allows the portfolio to be managed with broad diversification by individual issuers and sectors across the China corporate bond market. Investment manager’s ESG classification: Planet+ / ESG Enhanced, as defined in the Fund’s Prospectus. 260216171300 UK K1 CHIC GBP C EN PE 0002 0000 SFDR category: Article 8 Benchmark: iBoxx ChinaBond Investment Grade Corporates Bond Index The benchmark is a comparator against which the Fund’s performance can be measured. The benchmark is used solely to measure the Fund’s performance and does not constrain the Fund’s portfolio construction. The Fund is actively managed. The sub-investment manager has complete freedom in choosing which investments to buy, hold and sell in the Fund. The Fund’s holdings may deviate significantly from the benchmark’s constituents. For performance measurement purposes the benchmark may be denominated or hedged into the relevant share class currency. Additional information can be found on the M&G website, including: Glossary providing an explanation of some terms used in this document Prospectus including the Fund’s objective and investment policy, and precontractual annex Sustainability-Related Disclosures including ESG Criteria Annual report to assess the Fund’s non-financial objective, when available Other information You can buy and sell shares in the fund on any business day. Instructions received before 13:00 Luxembourg time will be dealt at that day’s price. Any income from the fund will be rolled up into the value of your investment