Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. M&G UK Gilts Active UCITS ETF GBP Accumulation shares (IE000PTM74B6) a sub-fund of M&G (Ireland) ETF ICAV This Fund is managed by Waystone Management Company (IE) Limited Objectives and Investment Policy Investment Objective Redemption and Dealing M&G UK Gilts Active UCITS ETF (the "Sub-Fund") aims to provide a Shareholders may redeem Shares on any Dealing Day at the combination of capital growth and income higher than that of the UK appropriate Net Asset Value per Share, subject to an appropriate Government bond market over a 5-year period. provision for Duties and Charges, provided that a valid redemption Refer to the prospectus for additional information about the investment request from the Shareholder is received by the Administrator by the objective. Dealing Deadline in respect of the relevant Dealing Day, in accordance Investment Policywith the provisions set out in this section and at the "Purchase and Sale At least 90% of the Sub-Fund is invested directly or through derivatives Information" section of the Prospectus. Settlement will take place within in fixed or floating rate (including index-linked) bonds issued or a maximum of ten Business Days of the Dealing Day. Investors who are guaranteed by the UK government, rated investment grade and not Authorised Participants must buy and sell shares on a Secondary denominated in GBP. Up to 10% of the Sub-Fund may be invested in Market with the assistance of an intermediary (e.g. a stockbroker) and other funds (including funds managed by the Investment Manager or itsmay incur fees and additional taxes in doing so. Redemption orders will affiliates) and cash or assets that can be turned into cash quickly. be processed on the Dealing Day on which the Shares are received The Sub-Fund is diversified across a range of UK government-issued orback into the account of the transfer agent by the dealing cut-off time guaranteed debt securities. The Investment Manager applies a flexibleless any applicable Duties and Charges and other reasonable investment approach and typically aims to take positions where itadministration costs, provided that the completed buy-back request believes individual assets are mis-priced. This involves buying thosehas also been received. debt securities which the Investment Manager believes offer the best Investors should note that the Minimum Redemption Amount only value and can provide a source of outperformance, taking intoapplies to transactions on the Primary Market and that Secondary consideration the relative valuations of the different assets. Market investors can sell Shares in any amounts that are provided for Refer to the prospectus for additional information about the investment by the relevant stock exchange. policy. Sub-Fund Currency Derivatives usage For investment purposes and to reduce risk and The base currency of the Sub-Fund is GBP. The reference currency of cost.this share class is GBP. BenchmarkIf any non-GBP denominated assets are held by the Sub-Fund, the iBoxx® GBP Benchmark Index - iBoxx £ Gilt Index (QX6A Index) is used currency exposure may be hedged back to GBP. as a Benchmark. The Benchmark is a comparator against which the Distribution Policy Sub-Fund's performance can be measured. While the Investment With respect to the Accumulation Share Classes in all Sub-Funds, the Manager expects to outperform the Benchmark (net of fees), there is Directors have determined to accumulate all net investment income and no guarantee this will occur or such outperformance may be limited ornet realised capital gains attributable to such Accumulation Share minimal at times. The Sub-Fund is actively managed. The Investment Classes and therefore do not intend to declare dividends in respect of Manager has complete freedom in choosing which investments to buy, Shares in such Share Classes. hold and sell in the Sub-Fund. Its holdings may deviate significantly from Investment Horizon the Benchmark's constituents and as a result the Sub-Fund's Recommendation: The Sub-Fund may not be appropriate for investors performance may deviate significantly from the Benchmark.who plan to withdraw their money within 5 years. Risk and Reward Profile Lower risk Higher risk • Interest rate fluctuations will affect the capital and income value of investments within Sub-Funds that invest substantially in fixed income Potentially lower reward Potentially higher reward investments. This effect will be more apparent if the Sub-Fund holds a significant proportion of its portfolio in long dated securities. • A Sub-Fund's investments may be subject to liquidity constraints 1 2 3 4 5 6 7 which means that securities may trade infrequently and in small volumes. Normally liquid securities may also be subject to periods of significantly lower liquidity in difficult market conditions. As a result, Why is this Sub-Fund in this category? changes in the value of investments may be more unpredictable and in The risk category for this Sub-Fund is set at 4. It is calculated in line with certain cases, it may be difficult to deal a security at the last market EU regulations and is based on the risk limit for the Sub-Fund. price quoted or at a value considered to be fair. Risk Disclaimer • A change in the rate of inflation will affect the real value of your A category 1 Sub-Fund is not a risk-free investment - the risk of losing investment. your money is small, but the chance of making gains is also limited. With• The Sub-Fund undertakes transactions in derivatives and forward a category 7 Sub-Fund, the risk of losing your money is high but there istransactions, both on exchange and OTC Derivatives, for the purposes also a chance of making higher gains. The seven-category scale isof meeting the investment objective, protecting the risk to capital, complex. For example, a category 2 Sub-Fund is not twice as risky as a currency, duration and credit management, as well as for hedging. category 1 Sub-Fund. The risk category shown is not guaranteed and • On a day-to-day basis, the Sub-Fund may trade with market may change over time.participants in order to build assets which will give rise to short term When categorising the Sub-Fund, it may happen that not all material counterparty risk. Additionally, the Sub-Fund may invest its assets in risks were fully captured in the methodology:overnight deposits of credit institutions, money market Funds, treasuries The main risks associated with the Sub-Fund or other near-cash securities. While exchange-traded derivatives are • The value and income from the Sub-Fund's assets will go down as well generally considered lower-risk than OTC derivatives, there is still the as up. This will cause the value of your investment to fall as well as rise risk that a suspension of trading in derivatives or in their underlying and you may get back less than you originally invested. assets could make it impossible for the Sub-Fund to realise gains or • The value of the Sub-Fund will fall in the event of the default or avoid losses, which in turn could cause a delay in handling redemptions perceived increased credit risk of an issuer. This is because the capitalof Shares. There is also a risk that settlement of exchange-traded and income value and liquidity of the investment is likely to decrease. derivatives through a transfer system might not happen when or as expected. the Fund. Please note, investing in this Sub-Fund means acquiring units or sharesFurther details of the risks that apply to the Sub-Fund can be found in in a Fund, and not in a given underlying asset such as building or the Fund's Prospectus. shares of a company, as these are only the underlying assets owned by Charges for this Sub-Fund The charges you pay are used to pay the costs of running the Sub- Any entry and exit charges are maximum figures. In certain cases you Fund, including the costs of marketing and distributing it. These may pay less - you can find this out from your financial advisor or charges reduce the potential growth of your investment.distributor.The ongoing charges may vary from year to year and include One-off charges that may be taken before or after you investment management, management, administration and depositary investfees. They do not include portfolio transaction costs and performancefees. Entry charge 0.00% The ongoing charge is an estimate based on the fees disclosed in the Exit charge 0.00% Prospectus.For more information about charges or fees, please make reference to Charges taken from the Sub-Fund over a year the fees and expenses section of the prospectus and supplementavailable at http://www.waystone.com/. Ongoing charge0.15% Charges taken from the Sub-Fund under certain specific conditions Performance fee: none Past Performance % There is insufficient data to produce a useful indication of past 20performance for the Share Class.The past performance takes account of all charges and costs. 10Past performance is not a reliable indicator of future results.Both the Sub-Fund and the Share Class are not launched yet. 0Past Performance will be calculated in GBP. -10 -20 2020 2021 2022 2023 2024 Practical Information Depositary None of the ICAV, the Manager nor the Investment Manager will be The ICAV has appointed State Street Custodial Services (Ireland) responsible, and shall have no liability, if the execution of the underlying Limited to act as depositary of all of the ICAV's assets, pursuant to the securities with a designated broker and, by extension, a directed cash Depositary Agreement. subscription or redemption order, is not carried out due to an omission, Specific Fund Information error, failed or delayed trade or settlement on the part of the Authorised The M&G UK Gilts Active UCITS ETF is a sub-fund of M&G (Ireland) ETF Participant or the designated broker. ICAV (the "ICAV"). The names of any other sub-funds of the ICAV are setFurther Information out in the Prospectus. Additional information about the Sub-Fund including the prospectus The Fund is structured as an umbrella fund with segregated liability and latest annual reports (and half-yearly reports) can be obtained from between its sub-funds. This means that the assets and liabilities of each the Management Company. These documents are available free of sub-fund are segregated by law so an investor has no claims over the charge in English at the Management Company website assets of a sub-fund in which they do not own shares. http://www.waystone.com/. Potential investors and investors who are Switching not Authorised Participants can only purchase and sell the Shares of An initial charge may be applied at the discretion of the ICAV on the the Sub-Funds on the Secondary Market through a broker/dealer on a subscription of Shares and/or a redemption charge on the redemptionrecognised stock exchange or over-the-counter. Prices will be obtained of Shares and/or a switching charge may be payable on switchingfor this purpose by the Administrator from independent sources, such Shares.as recognised pricing services or brokers specialising in the relevant Tax Legislationmarkets. This Sub-Fund is subject to tax laws and regulations of Ireland. Remuneration Depending on your home country of residence, this might have anDetails of the Manager's remuneration policy, including but not limited impact on your investment. For further details, please speak to your to, a description of how the remuneration and benefits are calculated, adviser. the identity of persons responsible for awarding the remuneration and Liability Statementbenefits, including the composition of the remuneration committee if Waystone Management Company (IE) Limited (the "Manager") may beapplicable, are available on the website http://www.waystone.com/ and held liable solely on the basis of any statement contained in this a paper copy will be available free of charge on request. document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus of the Fund and supplement for the Sub-Fund. The ICAV, Fund and the Manager - Waystone Management Company (IE) Limited - are all authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information document is accurate as of 16/10/2025.