Fund code

This fund is designed for people who anticipate buying an annuity (a guaranteed income). If you invest in this fund but you do NOT plan to buy an annuity, it is important to review your retirement plans and consider selecting a different investment which may match your intentions more closely.

Please note that the name of the Fund was previously the L&G PMC Pre-Retirement Fund 3.

Please note that the name of the Fund was previously the L&G PMC Pre-Retirement Fund G25.

Fund facts

Fund size
£99.7m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
0.54%

As at 30 Sep 2024

Fund aim

Benchmark

ABI Sector

Sterling Long Bond

Charges

Investment management charge	0.20%
Additional expenses	0.00%
Fund management charge	0.20%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 30 Sep 2024

Cumulative	Fund
3 years	-22.61
5 years	-22.48

Annualised	Fund
1 year	10.32
3 years	-8.18
5 years	-4.96
Since launch	-

As at 30 Sep 2024

Cumulative	Fund
3 years	-22.61
5 years	-22.48

Annualised	Fund
1 year	10.32
3 years	-8.18
5 years	-4.96
Since launch	-

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund
2015	7.78
2016	20.87
2017	-4.66
2018	0.21
2019	15.81
2020	5.93
2021	-5.44
2022	-31.04
2023	1.72
2024	10.32

12 months to 30 September	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	7.78	20.87	-4.66	0.21	15.81	5.93	-5.44	-31.04	1.72	10.32

Calendar year performance (%)

	Fund
2014	17.93
2015	-0.10
2016	15.93
2017	3.59
2018	-2.18
2019	12.24
2020	10.90
2021	-4.94
2022	-29.28
2023	7.28

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund	17.93	-0.10	15.93	3.59	-2.18	12.24	10.90	-4.94	-29.28	7.28

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	10.32	-8.18	-4.96	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	10.32	-8.18	-4.96	-

Performance for the Primary unit class in GBP, launched on 11 November 2003. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Charges included unit class in GBP, launched on 11 November 2003. Source: Lipper.

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 14 May 2004. Source: Lipper. The fund performance does not take into account of any product charges or External Funds Annual Management Charge (EFAMC).

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 14 May 2004. 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.

Years to maturity (%)

	0 - 5 Years	14.0
	5 - 10 Years	13.3
	10 - 15 Years	16.8
	15 - 20 Years	15.5
	20 - 25 Years	11.7
	25 - 30 Years	19.3
	30 - 40 Years	7.9
	40+ Years	1.6

Credit rating (%)

	AAA	0.6
	AA	45.6
	A	35.5
	BBB	18.3
	Other	0.0

Sector (%)

	Gilts	39.4
	Core Financials	13.2
	Utilities	11.1
	Housing Associations	6.0
	Consumer Services	5.4
	Consumer Goods	4.6
	Telecommunications	4.1
	Financial Services	3.3
	Health Care	3.3
	Other	9.8

	Top 10 holdings	36.2
	Rest of portfolio	63.8

No. of issuers in fund

262

Top 10 holdings (%)

United Kingdom Gilt 4.25% 07 Dec 49	7.7
UK Treasury Bill 0.625% 31 Jul 35	4.7
United Kingdom Gilt 4% 22 Jan 60	4.3
United Kingdom Gilt 3.5% 22 Jan 45	4.0
UK Gilt 3.75% 22 Oct 53	3.9
United Kingdom Gilt 4.25% 07 Dec 46	2.9
United Kingdom Gilt 4.375% 31 Jul 54	2.8
United Kingdom Gilt 4.5% 07 Dec 42	2.5
United Kingdom Gilt 4% 22 Oct 63	1.8
Zurich Financial Services AG	1.5

Country (%)

	United Kingdom	72.5
	United States	13.1
	Germany	2.9
	France	2.6
	Switzerland	2.4
	Australia	1.5
	Mexico	0.9
	Italy	0.9
	Netherlands	0.8
	Other	2.4

Fund managers

LGIM Portfolio Solutions

The Fund's strategic asset allocation is set and maintained by LGIM's Portfolio Solutions team. This team has a wealth of experience and is drawn from financial, actuarial and consultancy backgrounds. They are involved in asset allocation work for a wide range of LGIM's clients, typically large pension and insurance funds.

LGIM Index Fund Management Team

The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

Prices

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

216.90p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

212.72p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

2087.67p

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. FTSE® is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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