M&G UK Sustain Paris Aligned Fund

The fund aims to provide a combination of capital growth and income to deliver a return, net of the Ongoing Charge Figure, that is higher than that of the FTSE Custom All-Share ex IT Exclusions 5% Capped Index over any five-year period; and, as its sustainability goal, to support the mitigation of climate change by investing at least 70% of the fund in companies that contribute towards the Paris Agreement climate change goal and have the potential to reduce their contribution to climate change determined by their potential to decarbonise their operations over time and ultimately reach Net Zero. The fund’s benchmark is based on the normal FTSE All Share Index, but applies similar exclusions as the fund and excludes investment trusts. No company can make up more than 5% of the benchmark. At least 80% of the fund is invested in the shares of companies, across any sector and of any size, that are based, or do most of their business, in the UK. The fund is a concentrated portfolio of fewer than 50 holdings.