L&G Net Zero Short Dated Global Corporate Bond Fund I Inc GBP H

Fund objective

The objective of the Fund is to provide a combination of growth and income by outperforming the Bloomberg Global Corporates 1-5 Year Index, the"Benchmark Index", before the deduction of any charges and measured over rolling five-year periods. As the Fund will be actively managed, the combined duration of the bonds and derivatives in which it invests may differ from that of the Benchmark Index but the Fund’s absolute duration will remain positive. The average duration of the Fund’s portfolio is expected to be between 0 years and 3.5 years. The Fund will seek to achieve its objective by investing in a broad range of bonds and bond-related instruments denominated predominantly in USD, Euro and GBP. The Fund will invest at least 70% in corporate bonds. The Fund will invest primarily in debt rated by a recognised rating agency as investment grade (rated as lower risk). The Fund may also invest in unrated bonds which have not been rated by a credit rating agency. The Fund may also invest in other transferable securities, including but not limited to, depository receipts, permitted deposits, warrants, money market instruments, cash, near cash and units in collective investment schemes. The Fund promotes a range of environmental and social characteristics. The Fund seeks to meet these characteristics by; Investing in bonds and bond-related instruments of issuers which meet the Investment Manager’s net zero framework by targeting: (i) an implied temperature alignment of the Fund according to the Investment Manager’s proprietary climate model, Destination@Risk, of below 2.75⁰C at fund inception reducing to 1.5⁰C by 2030 onwards, and (ii) an initial minimum weighted average carbon intensity reduction target of at least 33% at fund inception versus the benchmark’s December 2019 baseline level. The Fund will target a 50% carbon intensity reduction by 2030 and net zero by 2050. Excluding investments in bonds issued by companies in the LGIM Future World Protection List ("FWPL"). Excluding companies from the Fund which do not meet the Manager’s "Climate Impact Pledge", in order to encourage strong governance and sustainable strategies. Utilising the Investment Manager’s proprietary UN Sustainable Development Goal ("UN SDG") scoring process to assess the extent to which a company or sovereign aligns to the SDGs. Companies and/or sovereigns that demonstrate a negative alignment to one or more of the SDGs will be excluded from the portfolio, including companies generating significant revenues from tobacco production. In addition to the exclusions above, the Fund will also exclude investments in bonds where an issuer makes investments in new thermal coal or oil sands. Derivatives may also be used to protect or enhance the value of the Fund or to seek to reduce the risks of certain investments. Derivatives are financial instruments whose values are based upon the price of one or more other asset(s). Other information: The Fund is actively managed as the Manager uses their expertise to select investments to achieve the Fund’s objectives. The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement. Your shares will be distribution shares. Income from the Fund’s investments will be paid out to you. This will reduce your capital growth accordingly. This Fund is designed for investors looking for income or growth from an investment in fixed income securities. The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found inthe supplement. Although investors can take their money out at any time, this Fund may not be appropriate for those who plan to withdraw their money within five years. This Fund is not designed for investors who cannot afford more than a minimal loss of their investment. If you do not understand this document we recommend you seek additional information to help you decide if this Fund is right for you. Shares can be bought, sold or switched on any business day. Orders received by 2:00pm (CET) will be processed as at the valuation point on the same business day. Orders received after 2:00pm (CET) will be processed as at valuation point on the next business day. The Fund's base currency is denominated in US dollar (USD). This Share Class uses currency hedging to seek to protect your investment against exchange rate movements between the share class currency and the Fund’s base currency. The Fund may invest up to 20% of its assets in asset-backed securities (ABS) and mortgage-backed securities (MBS). The Fund may invest up to 20% of its assets in contingent convertible debt securities. A summary of the manager’s Climate Impact Pledge is available at: www.lgim.com/climate-impact-pledge. A summary of the FWPL methodology is available at:www.lgim.com|FWPL Methodology.