Man GLG Strategic Bond Fund Retail Accumulation Shares (Class A)

The Fund seeks to achieve a total return (a combination of income and capital growth) by investing globally in government bonds, corporate bonds and other bond securities (as further described below). The Fund will invest at least 80% of its assets in Sterling denominated securities or non-Sterling denominated securities hedged back to Sterling (currency hedging being the process of reducing or eliminating a fund's exposure to the movement of foreign currencies) or in any combination of both. These securities will be of “investment grade” (perceived to carry a low to medium risk) as determined by the Investment Manager, or held in cash and cash equivalents (investment securities that have high credit quality and are highly liquid). The Fund may invest up to 20% of its assets in securities that are “sub-investment grade” (considered by the Investment Manager to have a higher risk of failing to make interest payments or repay the initial amount borrowed). The Fund shall not otherwise have any particular industry, geographical or sector focus. The Fund may also invest in money market instruments (investments usually issued by banks or governments that are a short term loan), floating rate notes (bonds with variable rates of interest), preference shares (shares which entitle the holder to a fixed dividend), mortgage backed or asset backed securities (fixed income securities backed by mortgages or other assets), bonds convertible into common stock (bonds which can be converted into stocks), core capital deferred shares (equity like instruments issued by banks and buildings societies), covered bonds and collective investment schemes (which may be managed by the ACD or by one or more associates). In exceptional market conditions or where the Investment Manager believes there are insufficient investment opportunities, the Investment Manager may retain a significant proportion of the Fund's assets in cash and/or invest a significant proportion or all of the Fund's assets in liquid assets including cash equivalents, liquid government debt instruments and money market instruments. The Fund is actively managed, meaning that the Investment Manager will use its expertise to pick investments to achieve the Fund's objective. The Investment Manager's investment approach begins with a top-down assessment of the macroeconomic environment (evaluating the market as a whole rather than evaluating each individual fixed income asset), including the likely path of growth, inflation and interest rates, in various countries. The results of this analysis help inform the Fund's duration positioning (i.e. the duration or term of the securities in which it may invest) and its allocation between the various bond asset classes. Individual bond selection uses a variety of criteria, including an initial relative valuation screen, to evaluate the prospective return, assess risk of interest rate movements which might impact on price, and evaluate the risk of default. The Investment Manager then carries out a proprietary credit analysis that includes close scrutiny of a company's balance sheet amongst other important factors, to determine its assessment of the best investment opportunities. The Investment Manager may seek to incorporate non-financial factors and sustainability themes in the investment decision-making process. This may lead the Investment Manager to exclude particular assets, and to apply environmental, social and governance (“ESG”) factor screening. Use of financial derivative instruments (“FDI”). The Fund may use FDI (instruments whose prices are dependent on one or more underlying assets) to achieve the investment objective and for efficient portfolio management to hedge (a technique using investments to reduce risk) against anticipated movements in a market or security. Benchmarks. The Fund is not managed with reference to a benchmark Dealing. Shares can be bought and sold on each Business Day, as detailed in the Fund prospectus. Investment Horizon: This Fund may not be appropriate for investors who plan to withdraw their money within 3 years. Treatment of income. Income earned on investments will be added to the value of investors' shares.