L&G PMC High Income Fund 3

L&G PMC High Income Fund G25

Fund code
Price-
As at-
Price2471.25p
As at21 Nov 2024
Price2506.93p
As at21 Nov 2024

Fund facts

Fund size
£5.2m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
0.58%

As at 30 Sep 2024

Fund aim

Benchmark

ABI Sector

Sterling High Yield

Charges

Investment management charge0.20%
Additional expenses0.00%
Fund management charge0.20%

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2024

    CumulativeFundABI Sector
    3 years1.574.36
    5 years15.1714.35
    AnnualisedFundABI Sector
    1 year14.9513.51
    3 years0.521.43
    5 years2.862.71
    Since launch--

    Share class launch date: 01 Nov 2006

    Benchmark: ABI UK - Sterling High Yield-Pen

    Share class launch date: 14 Aug 2006

    Benchmark: ABI UK - Sterling High Yield-Pen

    Share class launch date: 26 Oct 2018

    As at 30 Sep 2024

    CumulativeFundABI Sector
    3 years1.574.36
    5 years15.1714.35
    AnnualisedFundABI Sector
    1 year14.9513.51
    3 years0.521.43
    5 years2.862.71
    Since launch--

    Share class launch date: 01 Nov 2006

    Benchmark: ABI UK - Sterling High Yield-Pen

    Share class launch date: 14 Aug 2006

    Benchmark: ABI UK - Sterling High Yield-Pen

    Share class launch date: 26 Oct 2018

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundABI Sector
    2015--0.65
    2016-9.69
    2017-7.25
    20180.830.88
    20193.134.61
    20202.66-0.35
    202110.469.96
    2022-19.77-15.96
    202310.129.40
    202414.9513.51

    Calendar year performance (%)

    FundABI Sector
    2014-3.43
    2015--0.14
    2016-10.82
    20178.736.25
    2018-5.74-3.68
    201911.1811.21
    20207.913.72
    20211.413.23
    2022-14.72-12.02
    202312.5611.18

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund14.950.522.86-
    ABI Sector13.511.432.71-

    Data as at 30.09.2024

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund14.950.522.86-
    ABI Sector13.511.432.71-

    Data as at 30.09.2024

    Performance for the Primary unit class in GBP, launched on 01 November 2006. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 14 August 2006. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 26 October 2018. Source: Lipper.

    Past performance is not a guide to the future.

    Portfolio

    As at 30 Sep 2024. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency (%)

    USD69.5
    EUR23.7
    GBP7.0
    Top 10 issuers11.7
    Rest of portfolio88.3
    No. of issuers510

    Top 10 issuers (%)

    Petroleos Mexicanos2.1
    ARD Holdings1.2
    Medical Properties Trust1.2
    Charter Communications1.1
    SoftBank Group1.1
    INEOS1.1
    Bellis Topco1.1
    Boparan Holdco1.0
    Venture Global Partners II LLC1.0
    Viasat1.0

    Credit rating (%)

    FundBenchmarkRelative
    BBB and above3.1-3.1
    BB42.565.7-23.2
    B42.034.37.8
    Below B8.5-8.5
    NR0.7-0.7
    Cash3.1-3.1

    Top sector over/underweights (%)

    FundBenchmarkRelative
    Basic Industry13.710.43.4
    Cash3.1-3.1
    Unclassified2.3-2.3
    Capital Goods8.05.92.1
    Media6.95.11.8
    Energy16.815.11.7
    Financial Services1.1-1.1
    Retail7.06.40.6
    Leisure7.57.30.2
    Consumer Goods3.94.0-0.1
    Services6.46.6-0.2
    Real Estate4.85.2-0.4
    Automotive3.04.2-1.3
    Technology & Electronics2.54.0-1.6
    Transportation1.83.5-1.8
    Telecommunications5.17.8-2.7
    Healthcare4.78.2-3.5
    Utility1.46.3-4.8

    Fund Manager

    Martin Reeves is Head of Global High Yield. Prior to joining LGIM in 2011, Martin ran Credit Research at AllianceBernstein where he had worked since 1998. Prior to Alliance Bernstein Martin was Head of US High Yield Research at UBK Asset Management and a Chartered Accountant with Ernst & Young. Martin holds an MA in Economics from Cambridge University, St Catharine's College.

    MartinReeves

    Prices

    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    2471.25p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    2506.93p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time

    Important Information

    The fund performance provided is: 

    • after all fund charges have been taken, but doesn't include any other product charges. Please see your product literature for more information on charges.
    • assuming all income generated by the investments remains within the fund

    Please bear in mind that past performance is not a guide to future returns. The value of an investment and any income taken from it is not guaranteed and may go down as well as up. You could get back less than you invest.

    Performance data source: Lipper. 

    Index disclaimer

    Source ICE data indices, LLC (“ICE data”), is used with permission. ICE data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend LGIM, or any of its products or services.

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