M&G (Lux) Global Emerging Markets Fund USD Class A – Accumulation shares Fund Factsheet as at 31 August 2021

Fund description Key information

The fund aims to provide combined income and capital growth that is higher than that of the global emerging markets Fund manager(s) Michael Bourke stockmarket (as measured by the MSCI Emerging Markets Net Return Index) over any five-year period. At least 80% of Fund manager tenure from 01 October 2018 the fund is invested in the shares of companies domiciled, or conducting the major part of their economic activity, in Deputy fund manager(s) Alice De Charmoy emerging market countries. Stock selection is driven by in-depth analysis of individual companies, with a specific focus on ISIN LU1670624664 profits, corporate governance practices and valuation. Stocks are selected with distinct profitability profiles to build a fund that has the potential to cope in a variety of market conditions. Launch date of fund 26 October 2018 Launch of share class 26 October 2018 The main risks associated with this fund Fund size (millions) $ 178,94 Fund type SICAV For any past performance shown, please note that past performance is not a guide to future performance. Benchmark MSCI Emerging Markets Net Return Index The value and income from the fund's assets will go down as well as up. This will cause the value of your to Sector Morningstar Global Emerging Markets Equity fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you sector originally invested. Investing in emerging markets involves a greater risk of loss as there may be difficulties in buying, selling, safekeeping or Number of companies 62 valuing in such countries. ‘Manager tenure’ includes the period when managing an equivalent UK-authorised OEIC. Please see ‘Important The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value information’ at the end of this document for further details. of your investment. Further risk factors that apply to the fund can be found in the fund's Key Investor Information Document (KIID). Charges Things you should know Maximum entry charge 4,00% Ongoing charge 2,05% The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash. Risk and reward profile Performance is stated in the share class currency, which may differ from your domestic currency. As a result, the return may rise or fall due to currency movements. Low risk High risk

Largest holdings (%) Industry breakdown (%) Typically lower rewards Typically higher rewards

Relative Relative Fund Index weight Fund Index weight Samsung Electronics 7,0 4,5 2,5 Financials 31,5 19,0 12,5 1 2 3 4 5 6 7 Alibaba Group Holding 3,7 3,9 -0,2 Information technology 19,0 21,3 -2,3 Hollysys Automation 3,1 0,0 3,1 Industrials 8,7 5,0 3,7 The above risk and reward indicator is based on historical data and may not be a reliable indication of the future risk profile Technologies of this share class. This Share Class is categorised in risk class 6 because its has shown high rises and Consumer discretionary 8,7 15,4 -6,7 falls in value historically. Samsung Fire & Marine 2,7 0,1 2,7 Energy 8,2 5,2 3,0 Insurance Materials 6,8 8,9 -2,1 NK Lukoil PAO 2,7 0,4 2,3 Consumer staples 4,4 5,8 -1,4 Fund ratings, as at 31 August 2021 Sberbank of Russia PJSC 2,4 0,6 1,8 Communication services 3,6 10,5 -6,9 Hana Financial Group 2,4 0,1 2,2 Utilities 3,3 2,2 1,2 Bradesco 2,3 0,3 2,0 Overall Morningstar rating QQ Real Estate 3,2 1,8 1,4 Source of Morningstar ratings: Morningstar Shinhan Financial 2,3 0,2 2,1 Health care 1,1 4,9 -3,8 HON HAI Precision Industry 2,3 0,6 1,6 Cash and near cash 1,4 0,0 1,4 Ratings should not be taken as a recommendation.

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210913061409 LU C1 GLEM USD A EN PE 0005 0000 1 / 5 Fund codes and charges Minimum Minimum Share class launch Ongoing initial top up Share class ISIN Bloomberg Currency date charge Historic yield investment investment USD A Acc LU1670624664 MGGEUAA LX USD 26/10/2018 2,05%* - $1.000 $75 USD A Inc LU1670624748 MGGEUAD LX USD 26/10/2018 2,05%* 2,87% $1.000 $75 USD C Acc LU1670624821 MGGEUCA LX USD 26/10/2018 1,05%* - $500.000 $50.000 USD C Inc LU1670625042 MGEMUCD LX USD 26/10/2018 1,05%* 2,84% $500.000 $50.000 USD CI Acc LU1797805931 MGMUCIA LX USD 06/11/2018 1,01%* - $500.000 $50.000

The above ongoing charge figure is an estimate of the charges because of a change to the charging structure with effect from 1st October 2020. The ongoing charge figure may vary from year to year and excludes portfolio transaction costs. The audit fees and custody transaction charges are borne by M&G until the fund size increases to above 200 million euros. The fund's annual report for each financial year will include details on the exact charges made. Any ongoing charge figure with * indicates an estimate. The fund's annual report for each financial year will include details of the exact charges. Please note that not all of the share classes listed above might be available in your country. Please see the Important Information for Investors document and the relevant Key Investor Information Document for more information on the risks associated with this fund and which share classes are available for which product and which investor type.

Country breakdown (%) Single year performance (5 years)

Relative From 01/09/20 01/09/19 01/09/18 01/09/17 01/09/16 Fund Index weight To 31/08/21 31/08/20 31/08/19 31/08/18 31/08/17 China / Hong Kong 27,7 34,5 -6,8 US Dollar A Accumulation 37,2% -7,9% 0,2% -3,5% 18,7% South Korea 15,6 12,9 2,6 Benchmark 21,1% 14,5% -4,3% -0,3% 25,0% Russia 8,1 3,0 5,1 Annual performance 2020 : 3,6% Mexico 7,0 2,0 5,1 South Africa 7,0 3,1 4,0 Taiwan 6,7 14,5 -7,9 Performance over 5 years Brazil 6,2 4,9 1,3 Indonesia 5,1 1,2 3,8 Other 15,2 23,9 -8,6 180.0 Cash 1,4 0,0 1,4 160.0

Capitalisation breakdown (%) 140.0

Relative 120.0 Fund Index weight

Indexed to 100 100.0 Mega cap (> $50bn) 29,6 46,4 -16,7 Large cap ($10 - $50bn) 24,6 34,3 -9,7 80.0 Mid cap ($2 - $10bn) 31,2 19,2 12,0 Aug 16 Dec 17 Dec 18 Dec 19 Dec 20 Aug 21 Small cap (< $2bn) 13,2 0,2 13,0 Cash 1,4 0,0 1,4 US Dollar A Accumulation (145,0) Benchmark (165,3)

Past performance is not a guide to future performance. The benchmark is a comparator against which the fund’s performance can be measured. It is a net return index which includes dividends after the deduction of withholding taxes. The index has been chosen as the fund’s benchmark as it best reflects the scope of the fund’s investment policy. 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 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. Fund performance prior to 26 October 2018 is that of the USD Class A Accumulation of the M&G Global Emerging Markets Fund (a UK-authorised OEIC), which merged into this fund on 26 October 2018. Tax rates and charges may differ. Benchmark is Gross Return prior to 26 October 2018 and Net Return after this date. Source: Morningstar, Inc and M&G, as at 31 August 2021. Returns are calculated on a price to price basis with income reinvested. Benchmark returns stated in USD terms. Performance charts © 2021 Morningstar Inc., All Rights Reserved. The information contained within: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

2 / 5 210913061409 LU C1 GLEM USD A EN PE 0005 0000 ESG Integrated funds Funds that integrate financially material ESG data into the risk management and decision-making process, as well as our company-wide exclusions (cluster munitions and anti- personnel mines). Some strategies may have some additional ESG exclusions.

Approach to responsible investment ESG Standard Glossary

Yes No N/A Additional ESG specifications: In the context of M&G, these better manage risk and generate sustainable, long-term are funds managed with an explicit ESG objective, outcome returns. ESG integration ✔ or in accordance with specific ESG criteria, and will have a Exclusions: The exclusion or restriction of investments Additional ESG specifications ✔ number of minimum exclusions in place. based on the sector in which they operate, the products or Exclusions ✔ Engagement: Interaction with company management on services they provide or for other specific criteria, i.e. they Cluster munitions & anti personnel landmines ✔ various financial and non-financial, including ESG, issues. are deemed to be in breach of the United Nations Global Engagement allows investors to better understand how a Compact principles on human rights, labour the Other exclusions or restrictions ✔ company is undertaking its operations and how it is environment and anti-corruption. Voting ✔ interacting with its stakeholders, as well as advising on and Voting: As the partial owners of a company, shareholders Engagement ✔ influencing company behaviour and disclosures where have the right to vote on resolutions put forward at a Please see glossary for further explanation of these terms. appropriate. company’s annual general meeting. These resolutions ESG integration: Describes the explicit and systematic include the re-election of directors, executive remuneration inclusion of Environmental, Social and Governance factors in and business strategy, among others, and may include investment analysis and investment decisions. It underpins resolutions put forward by shareholders. a responsible investment approach, and allows investors to Climate Metrics Explanation of our climate metrics

Weighted Average Carbon Intensity Coverage by portfolio weight (%) The Weighted Average Carbon Intensity (WACI) is the metric used to report our funds’ carbon emissions. It is a measure of how much CO2 is being emitted per US$ million of sales by each company that the fund invests in. This US Dollar A Accumulation 416,16 93,39% can be used to determine the likely effect a company is having on the environment. It can also help to compare the Benchmark 308,76 99,76% impact different companies have on the environment, and to compare companies against the broad market or the Source: MSCI financial benchmark for the fund. However, this metric does not take into account the difference in carbon characteristics among sectors. The WACI metric is one of many greenhouse gas emissions data points, each offering a different aspect of analysis on climate impact. M&G have selected this metric as it is applicable to multi-asset, equity and fixed income funds and it is aligned to the recommendations from the Taskforce for Climate Related Financial Disclosures (TCFD). It has also been chosen to align with M&G’s groupwide target of transparency when it comes to the disclosure of climate emissions. At M&G we currently use MSCI as our main third-party data provider for carbon intensity data as we consider its coverage to be the broadest of the current providers. As with any mass data collection, there are methodology limitations; this also applies to MSCI. We make every effort to check its data and are currently building our own tools which will use a variety of data sources to gather and map the carbon emissions of our funds. For the avoidance of doubt, this fund is not managed to a carbon emission objective and, the benchmark WACI has been included for information purposes only.

3 / 5 210913061409 LU C1 GLEM USD A EN PE 0005 0000 Important information

On 26 October 2018, the non-sterling assets of the M&G Global Emerging Markets Fund, a UK-authorised OEIC, which launched on 5 February 2009, merged into the M&G (Lux) Global Emerging Markets Fund, a Luxembourg-authorised SICAV, which launched on 26 October 2018. The SICAV is run by the same fund manager, applying the same investment strategy, as the UK-authorised OEIC. Past performance of the fund and index includes recoverable withholding tax which may not be applicable to the SICAV. The M&G (Lux) Global Emerging Markets Fund is a sub-fund of M&G (Lux) Investment Funds 1. The Morningstar Overall Rating based on the fund’s US Dollar Class A shares. Copyright © 2021 Morningstar UK Limited. All Rights Reserved. Ratings should not be taken as recommendation. This information is not an offer or solicitation of an offer for the purchase of investment shares in one of the Funds referred to herein. Purchases of a Fund should be based on the current Prospectus. The Instrument of Incorporation, Prospectus, Key Investor Information Document, annual or interim Investment Report and Financial Statements, are available free of charge from the Luxembourg paying agent: Société Générale Bank & Trust SA, Centre operational 28-32, place de la Gare L-1616 Luxembourg. Before subscribing you should read the Prospectus, which includes a description of the investment risks relating to these funds. The information contained herein is not a substitute for independent investment advice. This financial promotion is issued by M&G International Investments S.A. Registered Office: 16, Boulevard Royal, L-2449, Luxembourg.

4 / 5 210913061409 LU C1 GLEM USD A EN PE 0005 0000 Glossary This glossary provides an explanation of terms used in this factsheet and in our literature.

Accumulation shares: A type of share where distributions are automatically Hard currency (bonds): Fixed income securities (bonds) denominated in a highly regulators in the . reinvested and reflected in the value of the shares. traded, relatively stable international currency, rather than in the bond issuer’s Swap: A swap is a derivative contract where two parties agree to exchange Asset allocation: Allocating a portfolio's assets according to risk tolerance and local currency. Bonds issued in a more stable hard currency, such as the US dollar, separate streams of cashflows. A common type of swap is an interest rate swap, investment goals. can be more attractive to investors where there are concerns that the local where one party swaps cashflows based on variable interest rates for those based Asset-backed securities: Bonds (fixed income securities) backed by assets that currency could lose value over time, eroding the value of bonds and their income. on a fixed interest rate, to hedge against interest rate risk. produce cashflows, such as mortgage loans, credit card receivables and auto Hedging: A method of reducing unnecessary or unintended risk. UCITS: Stands for Undertakings for Collective Investments in Transferable loans. High yield bonds: Loans taken out in the form of fixed income securities issued by Securities. This is the European regulatory framework for an investment vehicle Benchmark (Constraint): The portfolio must replicate the securities contained in companies with a low credit rating from a recognised credit rating agency. They that can be marketed across the European Union and is designed to enhance the the benchmark and their weights. The benchmark can be an index or a sector. are considered to be at higher risk of default than better-quality, higher-rated single market in financial assets while maintaining high levels of investor Depending on the fund’s mandate, the managers can replicate the positions fixed income securities, but they have the potential for higher rewards. Default protection. directly or via derivatives, which are instruments whose value is derived from that means that a bond issuer is unable to meet interest payments or repay the initial Underlying yield: Refers to the income received by a managed fund, after of an underlying security or pool of securities. amount borrowed at the end of a security’s life. deducting all ongoing charges, and is usually expressed annually as a percentage Benchmark (Target): A benchmark, such as an index or sector, which the fund Historic yield: The historic yield reflects distributions declared over the past 12 of the fund's current value. managers aim to match or exceed. The managers have freedom in choosing the months as a percentage of the share price as at the date shown. : A type of managed fund whose value is directly linked to the value of securities and strategy by which they do so. Income shares: A type of share where distributions (also called dividends) are the fund's underlying investments and which is structured as a trust, rather than Benchmark: Measure, such as an index or sector, against which a portfolio’s paid out as cash on the payment date. as a company. performance is judged. Index-linked bonds: Fixed income securities where both the value of the loan and United Nations Global Compact: A United Nations initiative to encourage Benchmark (Comparator): The fund managers choose the benchmark, which may the interest payments are adjusted in line with inflation over the life of the businesses worldwide to adopt sustainable and socially responsible policies and be an index or a sector, as a comparator for the fund’s performance, but they do security. Also referred to as inflation-linked bonds. to report on their implementation. not have to replicate its composition. The benchmark is not used for any other Investment association (IA): The UK trade body that represents fund managers. It Valuation: The worth of an asset or company, based on the present value of the purpose, such as, for example, to serve as a reference when setting performance works with investment managers, liaising with government on matters of taxation cashflows it will generate. fees. and regulation, and also aims to help investors understand the industry and the Yield: This refers to either the interest received from a fixed income security or to Bond: A loan in the form of a security, usually issued by a government or company. investment options available to them. the dividends received from a share. It is usually expressed as a percentage based It normally pays a fixed rate of interest (also known as a coupon) over a given time Investment grade bonds: Fixed income securities issued by a government or on the investment’s costs, its current market value or its face value. Dividends period, at the end of which the initial amount borrowed is repaid. company with a medium or high credit rating from a recognised credit rating represent a share in the profits of a company and are paid out to the company’s Cash equivalents: Deposits or investments with similar characteristics to cash. agency. They are considered to be at lower risk of default than those issued by shareholders at set times of the year. Consumer prices index (CPI): An index used to measure inflation, or the rate at issuers with lower credit ratings. Default means that a borrower is unable to meet which prices for a basket of goods and services bought by households change. interest payments or repay the initial investment amount at the end of a security's The contents of the basket are meant to be representative of products and life. services consumers typically spend money on, and are updated regularly. Leverage: When referring to a company, leverage is the level of a company’s debt Convertible bonds: Fixed income securities (bonds) that can be exchanged for in relation to its assets. A company with significantly more debt than capital is predetermined amounts of company shares at certain times during their life. considered to be leveraged. It can also refer to a fund that borrows money or uses Corporate bonds: Fixed income securities issued by a company. They are also derivatives to magnify an investment position. known as bonds and can offer higher interest payments than bonds issued by Local currency bonds: Bonds denominated in the currency of the issuer’s country, governments as they are often considered more risky. Also referred to by rather than in a highly traded international ‘hard’ currency, such as the US dollar. investors as “credit.” The value of local currency bonds tends to fluctuate more than that of bonds Coupon: The interest paid by the government or company that has raised a loan issued in a hard currency, as these currencies tend to be less stable. by selling bonds. It is usually a fixed amount, calculated as a percentage of the Long position (exposure): Holding a security in the expectation that its value will total loan and paid out at regular intervals. rise. Credit default swap (CDS): An insurance-like contract that allows an investor to Maturity: The length of time until the initial amount invested in a fixed income transfer the default risk of a bond to another investor. The buyer of the CDS pays security is due to be repaid to the holder of the security. regular premiums to the seller, who has to reimburse the buyer in the event of the Modified duration: A measure of the sensitivity of a bond, or bond fund, to underlying bond defaulting. A CDS is a type of derivative – a financial instrument changes in interest rates, expressed in years. The longer a bond or bond fund’s whose value and price is dependent on the underlying asset. duration, the more sensitive it is to interest rate movements. Credit rating agency: A company that analyses the financial strength of issuers of Near cash: Deposits or investments with similar characteristics to cash. fixed income securities (bonds) and attaches a rating to their debt. Examples Net asset value (NAV): The current value of the fund’s assets minus its liabilities. include Standard & Poor’s, Moody's and Fitch. Ongoing charge figure: The ongoing charge figure represents the operating costs Derivatives: Financial instruments whose value and price depend on one or more investors can reasonably expect to pay under normal circumstances. underlying assets. Derivatives can be used to gain exposure to, or to help protect Open-ended investment company (OEIC): A type of managed fund whose value is against, expected changes in the value of the underlying investments. Derivatives directly linked to the value of the fund’s underlying investments. The fund creates may be traded on a regulated exchange or directly between two parties (over the or cancels shares depending on whether investors want to redeem or purchase counter). them. Distribution yield: The amount that is expected to be distributed by the fund over Options: Financial contracts that offer the right, but not the obligation, to buy or the next 12 months expressed as a percentage of the share price as at a certain sell an asset at a given price on or before a given date in the future. date. It is based on the expected gross income less the ongoing charges where Payment date: The date on which distributions will be paid by the fund to they are deducted from income. investors, usually the last business day of the month. Dividend yield: Annual income distributed by a company as a percentage of its Physical assets: An item of value that has tangible existence; for example cash, share price as at a certain date. equipment, inventory or real estate. Physical assets can also refer to securities, Duration: A measure of the sensitivity of a fixed income security (bond) or bond such as company shares or fixed income securities. fund to changes in interest rates. The longer a bond or bond fund’s duration, the Property expense ratio: Property expenses are the operating expenses that relate more sensitive it is to interest rate movements. to the management of the property assets in the portfolio. These include: Emerging economy or market: Country in the process of catching up with insurance and rates, rent review and lease renewal costs and maintenance and developed economies, with rapid growth and increasing industrialisation. repairs, but not improvements. They depend on the level of activity taking place Investments in emerging markets are generally considered to be riskier than those within the fund. The Property Expense Ratio is the ratio of property expenses to in developed markets. the fund’s net asset value. Equities: Shares of ownership in a company. They offer investors participation in Retail prices index (RPI): A UK inflation index that measures the rate of change of the company’s potential profits, but also the risk of losing all their investment if the prices for a basket of goods and services in the UK, including mortgage payments company goes bankrupt. and council tax. Ex-dividend, ex-distribution or xd date: The date on which declared distributions Share class hedging: Activities undertaken in respect of hedged shares to officially belong to underlying investors. On the XD date, the stock’s price usually mitigate the impact on performance of exchange rate movements between the falls by the amount of the dividend, reflecting the payout. fund’s currency exposure and the investor’s chosen currency. Exposure: The proportion of a fund invested in a particular share/fixed income Share class: Type of fund shares held by investors in a fund (share classes differ security/index, sector/region, usually expressed as a percentage of the overall by levels of charge and/or by other features such as hedging against currency fund. risk). Each M&G fund has different share classes, such as A, R and I. Each has a Fixed income security: A loan in the form of a security, usually issued by a different level of charges and minimum investment. Details on charges and government or company, which normally pays a fixed rate of interest over a given minimum investments can be found in the Key Investor Information Documents. time period, at the end of which the initial amount borrowed is repaid. Also Share: An ownership stake in a company, usually in the form of a security. Also referred to as a bond. called equity. Shares offer investors participation in the company’s potential Floating rate notes (FRNs): Securities whose interest (income) payments are profits, but also the risk of losing all their investment if the company goes periodically adjusted depending on the change in a reference interest rate. bankrupt. Gilts: Fixed income securities issued by the UK government. They are called gilts Short position (exposure): A way for an investor to express their view that the because they used to be issued on gilt-edged paper. market might fall in value. Government bonds: Loans issued in the form of fixed income securities by SICAV: In French, it stands for société d'investissement à capital variable. It is the governments. They normally pay a fixed rate of interest over a given time period, western European version of an open-ended collective , much like at the end of which the initial investment is repaid. an OEIC. Common in Luxembourg, , and , and regulated by 5 / 5 210913061409 LU C1 GLEM USD A EN PE 0005 0000