M&G Cautious Multi Asset Fund

Fund manager: David Jane

Products available: ISA, OEIC & Savings Plan

The Fund aims to deliver steady, competitive returns across different market conditions.

• David can invest up to 60% in equities, and a minimum of 30% in fixed income securities (such as government and corporate bonds) and cash.
  
  
• David can also invest in other asset types previously unavailable to retail investors such as Commercial Property, Credit Debt Obligations and senior secured loans*.

The fund therefore offers you more flexibility and more diversity than the traditional funds in its sector. We believe it is one of the next generation of cautious managed funds.

In-house expertise across all asset classes:

• M&G is a leading active investor in equities and fixed income in the UK.
  
  
• M&G manages almost £160 bn** for nearly 400,000 investors***.
  
  
• PRUPIM, M&G’s in-house commercial property specialists, are one of Europe’s largest commercial property managers with over 140 years’ experience.
  
  
• M&G has some of the City’s most highly rated fund managers – eight Citywire rated fund managers, three of which have the highest AAA rating****.
  
  
• M&G has over 75 years of investment experience and innovation

Please remember that you should not base decisions on past performance and that prices may fluctuate and you may not get back your original investment. The fund has a varying risk profile as it is exposed to various asset types, each with their own risk profile.

Source of all performance figures: Morningstar Inc., and M&G Statistics, bid to bid, net income reinvested, Sterling Class A Shares as at 30 June 2008.

*Senior secured loans are debt instruments issued by companies typically to finance acquisitions, offering a high level of security and a variable rate of income in excess of cash.

** Figures as at 30 June 2008.

*** Figures as at 30 June 2008.

****Citywire rating as at 30 June 2008. Ratings should not be taken as a recommendation.