L&G PMC Sustainable Property Fund 3

L&G PMC Sustainable Property Fund G17

L&G PMC Sustainable Property Fund G25

Fund code

Fund facts

Fund size
£39.5m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
7.02%

As at 29 Feb 2024

Fund aim

Benchmark

ABI Sector

UK Direct Property

Charges

Investment management charge0.39%
Additional expenses0.88%
Fund management charge1.27%

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 29 Feb 2024

    CumulativeFundABI Sector
    3 years13.280.34
    5 years7.28-4.61
    AnnualisedFundABI Sector
    1 year8.12-0.42
    3 years4.240.11
    5 years1.41-0.94
    Since launch--

    As at 31 Dec 2023

    CumulativeFundABI Sector
    3 years5.011.63
    5 years7.02-3.71
    AnnualisedFundABI Sector
    1 year7.38-0.72
    3 years1.640.54
    5 years1.37-0.75
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundABI Sector
    201414.6614.10
    201511.498.57
    20162.83-0.87
    20179.628.47
    201813.874.45
    2019-4.40-0.94
    20206.61-4.35
    20219.4912.27
    2022-10.68-8.82
    20237.38-0.72

    Calendar year performance (%)

    FundABI Sector
    201414.6614.10
    201511.498.57
    20162.83-0.87
    20179.628.47
    201813.874.45
    2019-4.40-0.94
    20206.61-4.35
    20219.4912.27
    2022-10.68-8.82
    20237.38-0.72

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund8.124.241.41-
    ABI Sector-0.420.11-0.94-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund7.381.641.37-
    ABI Sector-0.720.54-0.75-

    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 29 Feb 2024. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset (%)

    Direct Property92.1
    GREIT5.1
    Cash1.8
    Indirect Property0.9

    Sector (%)

    Industrial49.9
    Offices15.2
    Retail Warehouse14.0
    Leisure12.1
    Shop8.9

    Region (%)

    South West28.5
    Central London20.2
    Sub London13.5
    East Anglia9.2
    Wales7.3
    South East7.3
    Midlands5.6
    Scotland2.9
    North2.8
    Other2.8

    Property characteristics

    No. of assets19
    Void rate ex. development9.5%
    Average lease length6.0 years
    Average lot size£9.4m
    Net initial yield5.7%

    Top 10 holdings (£M)

    Weston Super Mare, Lynx Crescent20-30
    London, Compass West Ie, Tottenham20-30
    Huntingdon, Alconbury Cross10-20
    High Wycombe, White Hart St/Oct. Parade10-20
    Penzance, Heliport Retail10-20
    London, Eagle Street5-10
    Sutton-In-Ashfield5-10
    London, Centric House5-10
    Chippenham, Bath Road Retail Park5-10
    London, Dudley House5-10

    Fund Manager

    William Edwards

    William joined Legal & General Property in 2010 having previously worked at DTZ Investment Management (DTZ IM). At DTZ IM he was the Fund Manager responsible for the Safeway Pension Trustees Limited and P.A.T (Pensions) Limited property portfolios as well as having managed the Allied Domecq Pension Fund. Prior to this William worked for Savills. William holds a post graduate Masters in Property Valuation and Law and is a Member of the Royal Institution of Chartered Surveyors (MRICS).

    Prices

    Name
    GBP
    Price
    3594.58p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    393.72p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    3664.93p
    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. 

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