Overview
Description of Firm
MGIU was incorporated in Delaware on July 17, 2019, and became registered with the SEC in May
2020. MGIU is wholly owned by M&G Investments (Americas) Inc. and is an indirect subsidiary of
M&G FA Limited (“MGFA”), which is ultimately wholly owned by M&G Plc (“M&G”), a London Stock
Exchange-listed financial services company. M&G is headquartered in London, United Kingdom. As
of December 31, 2023, M&G had over 5,800 employees in 17 locations around the world.
Services
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to MGIU and the words "you,"
"your," and "client" refer to you as either a client or prospective client of our firm.
MGIU provides investment management services to clients who are group affiliates of M&G (“Group
Affiliates”), including affiliated insurance companies and investment advisers. MGIU does not
currently provide its services to clients or prospective clients who are not Group Affiliates. Client
funds are invested by MGIU on the basis of the individual aims and needs of each client at such time
as deemed necessary, having regard to the assessment of prevailing investment opportunities.
MGIU provides discretionary fixed income investment management strategies tailored to achieve a
Group Affiliate client’s objectives and guidelines. Such strategies generally invest in US dollar
denominated corporate bonds and loans, agency and non-agency mortgage-backed securities,
commercial mortgage-backed securities, asset-backed securities, sovereign debt and US treasuries
and futures. Additionally,
MGIU offers a discretionary US Treasury strategy to a Group Affiliate client
that primarily includes short, medium, and long duration US Treasuries.
Pursuant to a participating affiliate arrangement, MGIU also provides model portfolio services tailored
to achieve client objectives and guidelines to certain clients that are not Group Affiliates.
Additionally, MGIU offers investment advisory services to Group Affiliates in the form of a global
thematic technology equity strategy. Management of this strategy is performed by MGIU’s California-
based portfolio management team. The strategy aims to invest in equity securities and equity
related instruments of companies and categories related to Artificial Intelligence, across any sector
and market capitalization that are domiciled, incorporated or listed in any country, including
Emerging Markets.
In providing the above services, where appropriate, and subject to various internal controls, MGIU
may leverage the resources of other M&G investment or trading teams across asset classes with the
goal of providing clients with diverse sources of risk-adjusted returns.
Investment Restrictions
All advisory services for the Group Affiliate client are provided under the terms of an advisory
agreement between MGIU and its respective Group Affiliate. MGIU and its Group Affiliates work on
a collaborative basis to establish suitable investment guidelines and restrictions for their accounts.
MGIU has contracted directly with the client that is not a Group Affiliate for which it provides model
portfolio services.
Wrap Fee Programs
We do not participate in any wrap fee program.
Assets Under Management
As of December 31, 2023, MGIU’s total discretionary assets under management were approximately
$14,812,515,750.