Fund facts

Fund size
£9.0m
Base currency
GBP
Launch date
Aug 2006
Domicile
United Kingdom

As at 30 Sep 2024

Fund aim

Benchmark

ABI Sector

Sterling High Yield

Charges

Investment management charge
Additional expenses
Fund management charge

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 30 Sep 2024

Cumulative	Fund	ABI Sector
3 years	1.19	4.36
5 years	14.35	14.35

Annualised	Fund	ABI Sector
1 year	14.84	13.51
3 years	0.39	1.43
5 years	2.72	2.71
Since launch	4.24	-

As at 30 Sep 2024

Cumulative	Fund	ABI Sector
3 years	1.19	4.36
5 years	14.35	14.35

Annualised	Fund	ABI Sector
1 year	14.84	13.51
3 years	0.39	1.43
5 years	2.72	2.71
Since launch	4.24	-

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	ABI Sector
2015	-	-0.65
2016	-	9.69
2017	-	7.25
2018	0.74	0.88
2019	3.15	4.61
2020	2.41	-0.35
2021	10.35	9.96
2022	-19.85	-15.96
2023	9.93	9.40
2024	-	13.51

12 months to 30 September	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-	-	-	0.74	3.15	2.41	10.35	-19.85	9.93	-
ABI Sector	-0.65	9.69	7.25	0.88	4.61	-0.35	9.96	-15.96	9.40	13.51

Calendar year performance (%)

	Fund	ABI Sector
2014	-	3.43
2015	-	-0.14
2016	-	10.82
2017	8.62	6.25
2018	-6.70	-3.68
2019	12.31	11.21
2020	7.57	3.72
2021	1.31	3.23
2022	-14.86	-12.02
2023	12.45	11.18

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund	-	-	-	8.62	-6.70	12.31	7.57	1.31	-14.86	12.45
ABI Sector	3.43	-0.14	10.82	6.25	-3.68	11.21	3.72	3.23	-12.02	11.18

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	14.84	0.39	2.72	4.24
ABI Sector	13.51	1.43	2.71	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	14.84	0.39	2.72	4.24
ABI Sector	13.51	1.43	2.71	-

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 (%)

	USD	69.5
	EUR	23.7
	GBP	7.0

	Top 10 issuers	11.7
	Rest of portfolio	88.3

No. of issuers

510

Top 10 issuers (%)

Petroleos Mexicanos	2.1
ARD Holdings	1.2
Medical Properties Trust	1.2
Charter Communications	1.1
SoftBank Group	1.1
INEOS	1.1
Bellis Topco	1.1
Boparan Holdco	1.0
Venture Global Partners II LLC	1.0
Viasat	1.0

	Fund	Benchmark	Relative
BBB and above	3.1	-	3.1
BB	42.5	65.7	-23.2
B	42.0	34.3	7.8
Below B	8.5	-	8.5
NR	0.7	-	0.7
Cash	3.1	-	3.1

	Fund	Benchmark	Relative
Basic Industry	13.7	10.4	3.4
Cash	3.1	-	3.1
Unclassified	2.3	-	2.3
Capital Goods	8.0	5.9	2.1
Media	6.9	5.1	1.8
Energy	16.8	15.1	1.7
Financial Services	1.1	-	1.1
Retail	7.0	6.4	0.6
Leisure	7.5	7.3	0.2
Consumer Goods	3.9	4.0	-0.1
Services	6.4	6.6	-0.2
Real Estate	4.8	5.2	-0.4
Automotive	3.0	4.2	-1.3
Technology & Electronics	2.5	4.0	-1.6
Transportation	1.8	3.5	-1.8
Telecommunications	5.1	7.8	-2.7
Healthcare	4.7	8.2	-3.5
Utility	1.4	6.3	-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.

L&G PMC High Income Fund 3

L&G PMC High Income Fund G25

Fund facts

Fund aim

Benchmark

ABI Sector

Charges

Performance

Performance summary (%)

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

Calendar year performance (%)

Annualised performance (%)

Annualised performance (%)

Portfolio

Currency (%)

Top 10 issuers (%)

Credit rating (%)

Top sector over/underweights (%)

Fund Manager

Prices

Important Information

Index disclaimer