Fund databasePrivate Credit

M&G Corporate Credit Opportunities ELTIF

M&G Investments · LU2600129592

ELTIF 1.0 Private Credit Luxembourg Article 8 13 share classes ↓ Co-Investments Direct Lending

NAV · 31 Jul 2026113.69 EUR
Fund currencyEUR
Income treatmentaccumulatingclass tracked, verified
Performance since Nov 2023 p.a.+4.9%Class P
Ongoing costs1.46% p.a.
Min. investmentEUR 10,000
Redemptionmonthly
Risk (SRI)3 / 7

01Performance

Unit price (NAV) in EUR · share class P · 44 data points

113.69 EURNAV as at 31 Jul 2026
100.7104.8108.9113Nov 2023Jul 2024Apr 2025Nov 2025Jul 2026
Source: Price feed from the management company 11 of 44 values derived (back-calculated from monthly returns)
YTD+1.7%
1 year+2.0%
since Nov 2023 p.a.+4.9%

Calendar-year returns

Calendar years, calculated from the NAV series

+7.2%2024+2.7%2025+1.7%2026 YTD

Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.

Provider figures

These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.

Performance 12M · as at 30 Jun 20260.80%

Target return per the provider: Objective: total return of Euribor +5-6 % p.a. BEFORE fees over up to 5 years. PRIIPs scenarios class EUR P Acc (10 years, recommended holding period): moderate scenario 3.71 % p.a. net (EUR 14,390 per EUR 10,000), favourable 4.45 % p.a., unfavourable 0.18 % p.a., stress -4.29 % p.a. Before costs 5.41 % p.a.

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2023
Fund sizeEUR 1.04bnas at 30 Jun 2026
CurrencyEUR
Income treatmentboth
SFDRArticle 8
Recommended holding10 yrs
Liquidity buffer10.50%
Leverage limit10.00%

Risk indicator 3 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.

Portfolio breakdown

Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.

Sector breakdown

Actual portfolio% of NAVas at 30 Jun 2026

Industrials & manufacturing20.8%
Healthcare & life sciences17.5%
Consumer & retail16.3%
Technology & software15.1%
Business services13.4%
Transport & logistics1.9%
Cash & cash equivalents10.5%
Other4.5%
Show individual values
Healthcare & life sciences17.5%
B2B services13.4%
Technology & software13.0%
Chemicals & materials11.3%
Industrial goods & components9.5%
Consumer & retail8.0%
Retail & specialist stores6.4%
Communication services2.1%
Leisure, hospitality & travel1.9%
Transport & logistics1.9%
+ 2 more
Cash & cash equivalents10.5%
Other4.5%
Source: M&G 'Corporate Credit Opportunities ELTIF' Monatsbericht 30.06.2026 (Sektoraufteilung)

Geographic breakdown

Actual portfolio% of NAVas at 30 Jun 2026

United Kingdom25.1%
Germany13.8%
Netherlands12.2%
Other / unallocated48.9%
Show groups
Europe51.1%
Other / unallocated48.9%
Source: M&G 'Corporate Credit Opportunities ELTIF' Monatsbericht 30.06.2026 (Länderaufteilung)

Strategy

Co-Investments Direct Lending

Senior and junior syndicated loans (including sub-investment grade), high yield bonds and mid-market direct lending; own origination as well as acquisition in the primary and secondary market; up to 20 % of capital via permitted investment funds/co-investments/SPVs. Portfolio mix as at 30 Jun 2026: 77.5 % liquid corporate private credit, 22.5 % illiquid corporate private credit

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee1.46%
Total ongoing costs1.46%
Entry charge max.2.00%
Redemption fee0.00%
Performance fee0.00%
Hurdle rate0.00%
High-water marknot documented

In context: ongoing costs

This fund
1.46%
Median Private Credit
2.19%

Median across 23 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.

How the performance fee works

Not applicable - no performance fee shown in the KID; no hurdle, no catch-up, no high-water mark, no crystallisation
Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Costs per the key information document

Class EUR P Acc (LU2600129592): ongoing costs 1.46 % p.a. (EUR 146.00 per EUR 10,000) + transaction costs 0.00 % (EUR 0.00) = 1.46 % p.a. Total costs: EUR 346.00 (1 year), EUR 750.00 (5 years), EUR 1,660.00 (10 years). Annual cost impact (reduction in yield): 3.50 % (1 year), 1.60 % (5 years), 1.70 % (10 years = recommended holding period). Return p.a. before costs 5.41 %, after costs 3.71 %.
Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026, section 'What are the costs?' — figures for class P Acc; class P2 Dis reports different costs

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentEUR 10,000 – EUR 1m by class
Entry chargeup to 2.00%
Rec. holding period10 years

Subscription per the document

Monthly dealing day

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

05Redemption & liquidity

Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.

Units can be redeemed monthly; notice must be given 90 days before the date; on each date the fund redeems at most 2 % of fund assets.

1 · Lock-upnone
2 · Notice period90 days before the date
3 · Redemption datemonthly
4 · Gatemax. 2 % per date
5 · Payoutnot documented

The gate caps redemptions at 2 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.

Redemption per the document

Monthly - 'Investors may request the redemption of their units 90 calendar days before the relevant monthly dealing day.'

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Gate per the document

'Redemption requests may amount to up to 2 % of the net asset value of the sub-fund, which is calculated on each dealing day in accordance with the provisions of the prospectus.'

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026, section 'How long should I hold it'

Notice period

Redemption request before the business day falling 90 calendar days prior to the relevant monthly dealing day

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Lock-up

No lock-up period; no exit fee (EUR 0.00)

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Liquidity score: 3.4 of 5

Redemption frequency
5 / 5 · 40 %
Gate / redemption cap
1 / 5 · 25 %
Notice period
2 / 5 · 20 %
Redemption fee
5 / 5 · 15 %

The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.

06Share classes

13 classes known. All cost and risk figures on this page apply to LU2600129592. Minimum investment by class EUR 10,000 – EUR 1m.

ISINStatusMin. investmentOngoing costsSRI
LU2600129592basis of this pageEUR 10,0001.46%3/7
LU2600129675not yet collectednot documentednot documentednot documented
LU2600129758not yet collectednot documentednot documentednot documented
+ 10 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU2600129832not yet collectednot documentednot documentednot documented
LU2600129915not yet collectednot documentednot documentednot documented
LU2600130095not yet collectednot documentednot documentednot documented
LU2699841552not yet collectednot documentednot documentednot documented
LU2699841636not yet collectednot documentednot documentednot documented
LU2699841719not yet collectednot documentednot documentednot documented
LU2699841800not yet collectednot documentednot documentednot documented
LU2792177649not yet collectednot documentednot documentednot documented
LU2968577002not yet collectednot documentednot documentednot documented
LU2968577184not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

M&G Luxembourg S.A. (manufacturer/AIFM, part of the M&G group, regulated by the CSSF)

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Depositary

State Street Bank International GmbH, Luxembourg Branch

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Launch date

Fund launch 31 Oct 2023; share classes: P Acc/P Dis and W Acc/W Dis 30 Nov 2023, EI Dis 28 Mar 2024, EI Acc 31 Mar 2025, P2 Acc/P2 Dis 30 Apr 2025

BaFin database

Listed as “Luxembourg Specialist Investment Funds (3) SICAV - M&G Corporate Credit Opportunities ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70169060

Source: ESMA ELTIF register (Art. 3(3) ELTIF Regulation), as at 31 Jul 2026

Eligible investors

Retail investor target market: investors who want income and capital growth from an actively managed fund and who prefer sustainability; they must have sufficient experience/knowledge of ELTIF risks, accept a limited redemption frequency, have a long-term investment horizon, be able to bear a total loss and accept a risk of 3 out of 7

Source: KID LU2600129592 EUR-P-Acc, as at 9 Jan 2026

Distribution authorisation

At least Luxembourg, Italy, Belgium, Greece, Sweden (country-specific M&G fund pages and documents available) [S]; full list of distribution authorisations not documented. Not all share classes are available in every country [P]

Fee layers / double charging

SEVERAL LAYERS: the fund expressly uses a mix of direct investments, co-investments as well as primary and secondary funds/investments. At the level of the target funds their management fees and carried interest are incurred in addition (double charging) - in the KID these are not shown separately within the 'other administrative/operating costs'. No carry is charged at the fund level itself. AIFM: M&G Luxembourg S.A

All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.