<p><span style="font-size: 8pt;font-family: Arial;">The Fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the global emerging markets bond market over any three-year period.</span></p>


M&G Luxembourg S.A.

M&G Investment Management Limited

Global Emerging Markets Bond

Morningstar EM Sov Bd GR USD

Fixed Income

JPM GBI-EM Global Diversified TR USD

JPM CEMBI Broad Diversified TR USD

JPM EMBI Global Diversified TR USD

M&G (Lux) Em Mkts Bd A USD Acc

M&G (Lux) Em Mkts Bd CI USD Acc

2024

2023

2022

2021

2020

FixedIncome

Mexico

United States

Brazil

Poland

South Africa

Ireland

Uruguay

Malaysia

Unclassified

Bond - Gov't/Treasury

Bond - Gov't Inflation Protected

Mutual Fund - Open End

Mexico (United Mexican States) 8.5% (2038-11-18 Maturity)

Secretaria Do Tesouro Nacional 10% (2033-01-01 Maturity)

South Africa (Republic of) 8.75% (2044-01-31 Maturity)

Northern Trust Global US Dollar D

Uruguay (Republic Of) 3.875% (2040-07-02 Maturity)

United States Treasury Notes 1.875% (2034-07-15 Maturity)

United States Treasury Bonds 1.75% (2041-08-15 Maturity)

Poland (Republic of) 1.75% (2032-04-25 Maturity)

Poland (Republic of) 6% (2033-10-25 Maturity)

Malaysia (Government Of) 3.844% (2033-04-15 Maturity)