L&G PMC Sustainable Property Fund 3

L&G PMC Sustainable Property Fund G17

L&G PMC Sustainable Property Fund G25

Fund code
Price3980.97p
As at21 Nov 2024
Price437.67p
As at21 Nov 2024
Price4060.28p
As at21 Nov 2024

Fund facts

Fund size
£44.1m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom

As at 30 Sep 2024

Fund aim

Benchmark

ABI Sector

UK Direct Property

Charges

Investment management charge0.44%
Additional expenses0.88%
Fund management charge1.32%

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2024

    CumulativeFundABI Sector
    3 years-0.35-2.68
    5 years8.74-2.05
    AnnualisedFundABI Sector
    1 year2.961.77
    3 years-0.12-0.90
    5 years1.69-0.41
    Since launch--

    Share class launch date: 26 Oct 2018

    Share class launch date: 26 Oct 2018

    Share class launch date: 26 Oct 2018

    As at 30 Sep 2024

    CumulativeFundABI Sector
    3 years-0.35-2.68
    5 years8.74-2.05
    AnnualisedFundABI Sector
    1 year2.961.77
    3 years-0.12-0.90
    5 years1.69-0.41
    Since launch--

    Share class launch date: 26 Oct 2018

    Share class launch date: 26 Oct 2018

    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
    201512.3110.11
    20163.87-0.66
    20179.387.85
    20188.587.03
    20191.930.50
    2020-3.47-6.22
    202113.057.32
    202216.289.26
    2023-16.77-12.48
    20242.961.77

    Calendar year performance (%)

    FundABI Sector
    201414.6014.10
    201511.438.57
    20162.78-0.87
    20179.578.47
    201813.774.45
    2019-4.45-0.94
    20206.55-4.35
    20219.4312.27
    2022-10.73-8.82
    20237.33-0.72

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund2.96-0.121.69-
    ABI Sector1.77-0.90-0.41-

    Data as at 30.09.2024

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund2.96-0.121.69-
    ABI Sector1.77-0.90-0.41-

    Data as at 30.09.2024

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

    Asset (%)

    Direct Property83.8
    Cash9.9
    GREIT5.3
    Indirect Property1.0

    Sector (%)

    Industrial47.6
    Offices16.9
    Retail Warehouse16.5
    Leisure13.4
    Shop5.7

    Region (%)

    South West33.2
    Central London22.7
    Sub London15.7
    Wales8.2
    South East7.2
    Midlands6.5
    Scotland3.3
    North West3.2

    Property characteristics

    Void rate ex. development16.2%
    Average lease length5.8 years
    Average lot size£10.4m
    Net initial yield5.2%

    Top 10 holdings (£M)

    Weston Super Mare, Weston Industrial Estate20-30
    London, Compass West Industrial Estate20-30
    High Wycombe, White Hart St/Oct. Parade10-20
    Penzance, Heliport Retail Park10-20
    London, Eagle Street10-20
    Sutton-In-Ashfield, Castlewood Business Park5-10
    Chippenham, Bath Road Retail Park5-10
    London, Dudley House5-10
    London, 390 Strand5-10
    Llandudno, Junction Leisure Park5-10

    Fund Manager

    Ali Farrell

    The Fund is managed by Ali Farrell. The Fund team also includes a Senior Asset Manager and a Senior Investment Associate. This team is supported by LGIM RA’s wider platform capabilities in ESG; Transactions; Research; Sector Specialism; Sustainability; Derivatives; and Planning and Development.

    Prices

    Name
    GBP
    Price
    3980.97p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    437.67p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    4060.28p
    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. 

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