Terms of use

(Last revised in August 2026)

PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING OUR WEBSITE, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT HOW YOU MAY USE THIS WEBSITE. IF YOU DO NOT AGREE TO THESE TERMS OF USE YOU MUST NOT USE THIS WEBSITE.

PART A – General Terms

1. The terms on which you may use our website

• These Terms of Use (together with the other documents referred to below) set out the terms on which you may use our website(s).
• Please read these terms carefully before using our website as they contain important information about how you may use the website. By using this website, you confirm that you agree to be bound by these Terms of Use. You may wish to print a copy of these Terms of Use for future reference.
• The following policies also apply to your use of our website.
  • the Privacy Policy and Cookie Policy explain how we process personal data that you provide to us or that we collect in connection with your use of our website.
• If you do not agree to these Terms of Use you must not use this website.
   

2. How we can make changes to the website and to these Terms of Use

• We reserve the right to change any material on this website from time to time without notice.
• Every time you wish to use our website, please check these Terms of Use to ensure that you are aware of the terms that apply at that time.
• We may update these Terms of Use, Privacy Policy, Cookie Policy and Security pages from time to time. By continuing to use this website after we make any such updates, you confirm that you have understood and agreed to be bound by them. You should revisit the relevant pages regularly to ensure that you have seen and are aware of the current terms and conditions that will apply to your use at that time. We also recommend that you always review the current Privacy Policy, Cookie Policy and Security pages.
   

3. Specific regional requirements that apply to you

• Our website has different regional pages. All regional pages are governed by the laws and regulations of each particular region. You should only access the region corresponding to your place of residence.
• The funds, products and services described on this website are not available in all countries or to all investors.
   

4. Information about us

• This website (“Website”) is operated by M&G plc Group (M&G) and respectively its local subsidiaries disclosed in Part B (herein jointly referred to as “we”).
• M&G is a company registered in England and Wales under company number 11444019 having its registered office and main trading address at 10 Fenchurch Avenue, London EC3M 5AG. The VAT number of M&G is 235 3237 81.
• Please visit: https://group.mandg.com/contact for information on how you can contact us.

Regulatory information

• Please see Part B for further detail about how we are regulated in your region.
   

5. Information on our website

• Our website is made available to you free of charge.
• The content on our website is provided for general information purposes only. Nothing on our website is intended to be advice on which you should rely. You should always obtain appropriate specialist advice before taking, or not taking, action on the basis of any content on our website.
• In particular, nothing contained on this website should be construed as a solicitation, offer or recommendation to buy or sell any investment. By providing the information on this website, M&G is not determining the suitability of any investment for any investor. Nor does the information on this website constitute investment advice. You should obtain relevant professional advice before making any investment decision.
• We do not guarantee that access to our website, or the content on it, will always be available or uninterrupted. Your right to access our website is given on a temporary basis only.
• We regularly review the content on our website. However, we cannot guarantee that all content on our website is accurate, complete or up to date. Without prejudice to section 8 below, we therefore make no warranties, representations, undertakings or guarantees that the content on our website is accurate, complete or up to date.
• We make no warranties, representations, undertakings or guarantees that our website or any content on it will be free from errors or omissions.
   

6. How you are entitled to use our website and restrictions

• You may only use our website for lawful purposes and in compliance with all applicable laws, including without limitation data protection and privacy laws, laws relating to copyright of content and laws relating to unsolicited commercial electronic messages.
• You must not:
  • misuse our website by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful;
  • attempt to gain unauthorised access to our website, the server on which our website is stored or any server, computer or database connected to our website;
  • attack our website via a denial-of-service attack or a distributed denial-of-service attack;
  • use our website to send or transmit, whether directly or indirectly, unsolicited or unauthorised advertising or promotional material, chain letters or pyramid selling schemes;
  • use our website to post content or link to content where you know that or ought to have known that the owner of that content has not consented to or authorised that posting or linking or where that posting or linking infringes the rights of that owner;
  • use our website to monitor data or traffic on any network or system;
  • use our website to collect or use information, including without limitation email addresses, screen names or other identifiers, by deceit (such as phishing, internet scamming, password theft, spear phishing, scraping and harvesting);
  • use our website to distribute software;
  • use our website to send, transmit, publish, upload, download, use, store, reproduce or knowingly receive any material that does not comply with the content standards;
  • use our website in violation of export laws, controls, regulations or sanction policies of the European Union, the United States or any other country.
• If you breach any term of these Terms of Use your right to use our website will immediately end. In addition, we may take such other actions including, without limitation, legal action as we consider appropriate.
• If you breach any term of these Terms of Use, or if we receive a request from a law enforcement authority to do so, we may report your identity, details of any breach and any other information we consider necessary to relevant law enforcement authorities.
   

7. We will not be responsible to you for viruses

• We do not guarantee that our website will be free from bugs, malicious programs or materials or viruses. You are responsible for configuring your information technology, computer programmes and platform in order to access our website. You should use your own virus protection software.
   

8. Our responsibility for loss or damage suffered by you

• We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for:
  • death or personal injury as a result of our negligence;
  • fraud or fraudulent misrepresentation.
• In certain jurisdictions, different limitations and exclusions of liability may apply if you are buying products and services from us. Our liability is set out in the relevant terms and conditions.

If you are a business customer

• We exclude all conditions, warranties, representations or other terms which may apply to this website or any content on it, whether express or implied.
• We will not be liable to you for any loss or damage (even if foreseeable) arising under or in connection with:
  • use of, or inability to use, our website.
  • use of or reliance on any content displayed on our website; or
  • viruses, a distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programmes, data or other proprietary material due to your use of our website or to your downloading of any content on it, or on any website linked to it.
• We accept no liability for the information contained on any third-party websites linked to on our website and we will not be liable for any loss or damage that may arise from your use of them.

If you are an individual consumer

• You agree not to use our website for any commercial or business purposes and we have no liability to you for any loss of profit, loss of business, business interruption or loss of business opportunity.

 9. Links from our website to other websites

• Our website may contain links to other websites from time to time, including to pages and other websites operated by us or by a third party operating on our behalf. This will include any access you may have to the “My Account” functionality, and your access to the same will be subject to separate terms and conditions. Where our website contains links to other websites and resources provided by third parties, these links are provided for your information and for your convenience only. We have no control over the contents of those sites or resources, we accept no responsibility for them and you should not take our providing these links as an endorsement or guarantee by us of the websites or the information on them.
• You must not link to this website from any other website without our permission.
   

10. Intellectual property

• We, or our licensors, own the copyright and all other intellectual property rights in our website and all content on it other than content uploaded by or linked to by others.
• The M&G name and logo are registered trademarks of the M&G Group. We own or license all copyright in this website, as well as the content, trademarks or other material published on it. If you use, download, print or reproduce content from our website in breach of these Terms of Use, your right to use our website will immediately end and you must return to us or destroy (at our option) all digital and paper copies of the content that you have made.
• Unless specifically prohibited by a notice on any page, you may print or download individual sections of this website for your own personal information and use only, provided that you retain all copyright and other proprietary notices.
• You must not use, extract or reproduce our trademarks or any content from our website for commercial purposes without first obtaining the written consent of M&G or any party which licenses any content to us.
   

11. Other important information

• If you are a consumer these Terms of Use are governed by the law of England and Wales and the courts of England and Wales have non-exclusive jurisdiction to determine any dispute arising out of or in connection with them. If you are resident in Scotland you may also bring proceedings in Scotland and if you are resident in Northern Ireland you may also bring proceedings in Northern Ireland.
• As a consumer, you will benefit from any mandatory provisions of the law of the country in which you are resident. Nothing in these Terms of Use affects your rights as a consumer to rely on such mandatory provisions of local law.
• If you are a business user these Terms of Use (and any non-contractual obligations arising out of or in connection with them) are governed by the law of England and Wales and the courts of England and Wales have exclusive jurisdiction to determine any dispute arising out of or in connection with them (including without limitation in relation to any non-contractual obligations).
   

PART B – Regional specific information

England & Wales

• M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.
• M&G Investment Management Limited (MAGIM), M&G Alternative Investment Management Limited (MAGAIM), M&G Securities Limited (MGSL) and M&G Financial Services Limited (MGFS) are registered in England and Wales under numbers (936683, 2059989, 90776, 923891) respectively. The registered address of MAGIM, MAGAIM, MGSL, and MGFS is 10 Fenchurch Avenue, London, EC3M 5AG. MAGIM, MAGAIM, MGSL, and MGFS are authorised and regulated by the Financial Conduct Authority (“FCA”) under numbers 119328, 122011, 122057, 122058 respectively. The FCA’s registered address is: 12 Endeavour Square, London, E20 1JN.
• M&G Real Estate Limited is registered in England and Wales under number 3852763 and is not authorised or regulated by the FCA. M&G Real Estate Limited forms part of the M&G plc Group.
• Infracapital, a European infrastructure investor, is part of M&G’s Asset Management business, alongside M&G Investments and M&G Real Estate. 
• Information on the FCA’s rules and guidance can be found at www.fca.org.uk. Investors who use our services are protected by the Financial Services Compensation Scheme for any amounts that we are unable to pay up to a maximum of £85,000 for each investor and subject to the rules of the scheme.
   

European Union and International

M&G Luxembourg S.A. (MGLUX), registered address: 16, boulevard Royal, L-2449, Luxembourg, is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
 

Australia

This website and the information contained herein are intended solely for Institutional Investors in Australia.

By accessing this website, you confirm that:

• you are a “Wholesale Client” within the meaning of section 761G of the Corporations Act 2001 (Cth) of Australia; and
• you are permitted to access this website under all applicable laws and regulations.

If you do not meet the above criteria, you must not access or rely on the information contained on this website. The information on this website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local laws or regulations.

M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority under laws of the United Kingdom, which differ from Australian laws. The entity is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 in respect of the provision of financial services, including the offering and provision of discretionary investment management services, to wholesale clients in Australia.

This website is general in nature and is for information purposes only. In Australia, the website is issued by M&G Investment Management Limited, registered in England and Wales under number 936683, registered office 10 Fenchurch Avenue, London EC3M 5AG.
 

Belgium

M&G plc Group is present in Belgium through the establishment of the branch of M&G Luxembourg S.A., with office address at Avenue Louise 54, 1050 Brussels, and registered number 0770.518.312.
 

Canada

M&G Investment Management Limited (MAGIM) is not registered as an adviser or dealer under the securities laws of any province or territory of Canada. MAGIM relies upon certain exemptions from the adviser and dealer registration requirements available under National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations, including the International Fund Manager Exemption and the International Dealer Exemption, where applicable.

Our services are available only to persons or entities in Canada that qualify as “Permitted Clients” within the meaning of National Instrument 31-103. By engaging our services, the client represents and warrants that it is a Permitted Client and will promptly notify us if it ceases to qualify as a Permitted Client.
 

France

M&G plc Group is present in France through the establishment of the branch of M&G Luxembourg S.A., with office address at 8 rue Lamennais, Paris 75008, registered on the Trade Register of Paris, No. 893 486 100.
 

Germany

M&G plc Group is present in Germany through the establishment of the branch of M&G Luxembourg S.A., with office address at Main Building, Taunusanlage 19, 60325 Frankfurt am Main, and registered number: HRB 125047.
 

Hong Kong

The information on this website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local laws or regulations.

This website is general in nature and is for information purposes only. In Hong Kong, the website is issued by M&G Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.
 

Italy

M&G plc Group is present in Italy through the establishment of the branch of M&G Luxembourg S.A. (R.E.A MI 2631961, C.F. 97900850153 and P.I.V.A. IT 11939620966), with office address at via Santa Maria Segreta 6, 20123 - Milano ("Italian Branch"), and trade registry number: MI - 2631961.
 

Japan

This website and the information contained herein are intended solely for general investment-related information for Institutional Investors, including Qualified Institutional Investors (QIIs), resident in Japan. It does not constitute disclosure material under the Financial Instruments and Exchange Act of Japan.

If you do not meet the above criteria, you must not access or rely on the information contained on this website.

Issued by M&G Investments Japan Co., Ltd. in Japan. Financial Instruments Business Operator, Registration number: Kanto Local Finance Bureau (FIBO) No. 2942.

Registered Business: Investment Management Business, Investment Advisory and Agency Business, Type II Financial Instruments Business.

Affiliated Associations: Investment Management Association of Japan, Type II Financial Instruments Firms Association.
 

Korea

This website and the information contained herein are intended solely for Institutional Investors in Korea.

By accessing this website, you confirm that:

• you are a “Qualified Professional Investor” as defined in the Financial Investment Services and Capital Markets Act (FSCMA) and its subsidiary regulations; and
• you are permitted to access this website under all applicable laws and regulations.

If you do not meet the above criteria, you must not access or rely on the information contained on this website.

The information on this website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local laws or regulations.

This website is general in nature and is for information purposes only. In Korea, the website is issued by M&G Investments (Hong Kong) Limited.
 

Netherlands

M&G plc Group is present in the Netherlands through the establishment of the branch of M&G Luxembourg S.A., with office address at Strawinskylaan 357, Amsterdam 1077XX, The Netherlands, and trade registry number: 83406859.
 

Spain

M&G plc Group is present in Spain through the establishment of the branch of M&G Luxembourg S.A., with registered office at Calle Fortuny, 6 – 4° A, 28010, Madrid, and trade registry number: W0115900C.
 

Sweden

M&G plc Group is present in Sweden through the establishment of the branch of M&G Luxembourg S.A. Svensk Filial with office address at Mäster Samuelsgatan 3, 111 44 Stockholm, Sweden, and trade registry number: 516412-7234.
 

Switzerland

M&G International Investments Switzerland AG. Registered office: Zollstrasse 17, CH-8005 Zürich, Switzerland, and trade registry number: CHE-286.542.158.
 

Singapore

The information on this website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local laws or regulations.

This website is general in nature and is for information purposes only. In Singapore, the website is issued by M&G Investments (Singapore) Pte. Ltd. (UEN 201131425R) and M&G Real Estate Asia Pte. Ltd. (UEN 200610218G). The information has not been reviewed by the Monetary Authority of Singapore.
 

Taiwan

This website and the information contained herein are intended solely for Professional Institutional Investors in Taiwan.

By accessing this website, you confirm that:

• you are a "Professional Institutional Investor" as defined under the applicable laws and regulations of Taiwan; and
• you are permitted to access this website under all applicable laws and regulations.

If you do not meet the above criteria, you must not access or rely on the information contained on this website. The information on this website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local laws or regulations.

This website is general in nature and is for information purposes only. In Taiwan, this website is independently operated by M&G Investments (Taiwan) Limited regulated by the Financial Supervisory Commission of Taiwan, R.O.C. (113-gingwantougu-009). Address: Rm B1, 33F., Taipei 101 Tower, No. 7, Sec. 5, Xinyi Rd., Xinyi Dist., Taipei, 110, Taiwan. Tel: +886-02-81010600.
 

United States

Shares in M&G Funds have not been and will not be registered under the United States Securities Act of 1933, as amended, or registered or qualified under the securities laws of any state of the United States and may not be offered, sold, transferred or delivered, directly or indirectly, to any investors within the United States or to, or for the account of, US Persons except in certain limited circumstances pursuant to a transaction exempt from such registration or qualification requirements. None of the shares have been approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States or any other US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the shares or the accuracy or adequacy of the prospectus. The Funds will not be registered under the United States Investment Company Act of 1940, as amended.