L&G PMC Managed Property Fund 3

L&G PMC Managed Property Fund G25

Fund code
Price1259.67p
As at21 Nov 2024
Price-
As at-
Price-
As at-
Price-
As at-
Price-
As at-

Fund facts

Fund size
£4.3m
Base currency
GBP
Launch date
May 2016
Domicile
United Kingdom
Indicative spread
6.34%

As at 30 Sep 2024

Fund aim

Benchmark

ABI Sector

UK Direct Property

Charges

Investment management charge0.70%
Additional expenses0.87%
Fund management charge1.57%

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2024

    CumulativeFund
    3 years6.07
    5 years8.84
    AnnualisedFund
    1 year9.12
    3 years1.98
    5 years1.71
    Since launch3.45

    Share class launch date: 10 May 2016

    Share class launch date: 14 Oct 2015

    Share class launch date: 07 Jun 1971

    Share class launch date: 31 Jan 2007

    Share class launch date: 17 Mar 2011

    As at 30 Sep 2024

    CumulativeFund
    3 years6.07
    5 years8.84
    AnnualisedFund
    1 year9.12
    3 years1.98
    5 years1.71
    Since launch3.45

    Share class launch date: 10 May 2016

    Share class launch date: 14 Oct 2015

    Share class launch date: 07 Jun 1971

    Share class launch date: 31 Jan 2007

    Share class launch date: 17 Mar 2011

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

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

    Fund
    2015-
    2016-
    20177.45
    20186.67
    20191.75
    2020-8.50
    202112.15
    202213.83
    2023-14.61
    2024-

    Calendar year performance (%)

    Fund
    2014-
    2015-
    2016-
    20178.42
    2018-3.04
    20198.88
    2020-7.07
    202126.85
    2022-8.52
    2023-1.71

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund9.121.981.713.45

    Data as at 30.09.2024

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund9.121.981.713.45

    Data as at 30.09.2024

    Performance for the unit class in GBP, launched on 10 May 2016. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 14 October 2015. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the Primary unit class in GBP, launched on 07 June 1971. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the Charges included unit class in GBP, launched on 31 January 2007. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the Charges included 2011 unit class in GBP, launched on 17 March 2011. 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.

    Asset (%)

    Direct Property78.7
    Indirect Property12.1
    Cash and Other9.1

    Sector (%)

    Standard Industrial - South East35.0
    Retail Warehouse9.1
    Cash8.3
    Office - Rest of South East7.7
    Leisure6.3
    Residential excl. Student Accomm.6.3
    Office - West End & Mid Town5.9
    Hotel3.9
    Shopping Centre3.5
    Other13.9

    Region (%)

    South East39.6
    London24.2
    Eastern6.9
    North West6.9
    South West5.6
    Yorkshire and Humber5.4
    West Midlands5.0
    North East3.2
    Scotland2.5
    East Midlands0.6

    Property characteristics

    No. of physical properties67
    Void rate ex. development10.9%
    Average lease length6.7 years
    Average lot size£40.9m
    Net initial yield4.6%
    Cash level£318.1m
    Uncommitted cash£227.5m
    Void rate, lease length, lot size and net initial yield relate to direct properties only.

    Top 10 holdings (£M)

    Dunstable - Woodside Industrial Estate|Industrial - South East300-350
    Brentford – West Cross Industrial Park|Industrial  - Outer London150-200
    Basingstoke - Kingsland Business Park|Industrial - South East100-150
    London - Strand Island Site|Office - Mid Town100-150
    Manchester - North Tower|Other - North West100-150
    Newcastle - Into Newcastle University|Other - North East80-90
    London - Yotel London Clerkenwell|Other - City80-90
    London - The Light|Office - West End70-80
    London - 76-88 Wardour Street|Office - West End & Mid Town70-80
    Maidenhead - Tempo|Office - South East70-80

    Fund Manager

    LGIM Property Fund Management Team

    The Fund is managed by Rob Codling. The Fund team also includes an assistant fund manager and seven Asset Managers. This team is supported by LGIM RA’s wider platform capabilities in Transactions; Research; Sector Specialism; Sustainability; Derivatives; and Planning and Development.

    Prices

    Name
    GBP
    Price
    1259.67p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    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

    The MSCI index is the exclusive property of MSCI INC. (“MSCI”). MSCI and the MSCI index name is a service mark of MSCI, or its affiliates, and has been licensed for use for certain purposes by Legal & General Investment Management ("LGIM") and its affiliates. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Description of Funds contains a more detailed description of the limited relationship MSCI has with LGIM and any related funds.

    Back
    View all Property / Active funds in Fund centre