M&G Positive Impact Fund

The fund has two aims: to provide combined capital growth and income, net of the Ongoing Charges Figure, that is higher than the MSCI ACWI Index over any five-year period; and to make a positive impact by advancing progress towards the following six “impact outcomes”: climate action; circular economy; environmental solutions; better health; social inclusion; better work and education. At least 80% of the fund is invested in companies which contribute towards the Sustainability Goal. Sustainability and impact considerations are fundamental in determining the fund’s investment universe and assessing investees’ business models. For each company invested in, the fund aims to achieve a pre-defined, positive, measurable impact in relation to the impact outcomes, measured using company-level key performance indicators. The fund is not permitted to hold certain investments, as explained in the prospectus. The fund invests at least 80% in the listed equities of companies across any sector and market capitalisation that are domiciled in any country, including emerging markets. The fund usually holds fewer than 40 stocks.