L&G PMC Global Diversified Credit 3

Fund facts

Fund size
£2.8m
Base currency
GBP
Launch date
Apr 2022
Domicile
United Kingdom

As at 31 May 2025

Fund aim

The fund aims to provide a combination of growth and income by outperforming the Benchmark Index by 0.75% per annum, before the deduction of any charges and measured over rolling three-year periods.

Benchmark

Composite - 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate), - 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index and - 20% Bloomberg USD/EUR/GBP Corporates 1% issuer capped

ABI Sector

Global High Yield

Charges

Investment management charge0.30%
Additional expenses0.08%
Fund management charge0.38%

Performance

Source: Lipper

Performance (%)
Select period:
Change
    Created with Highcharts 11.4.3
    No data is available for the selected share class

    Performance summary (%)

    As at 31 May 2025

    CumulativeFundBenchmarkRelative
    3 years---
    AnnualisedFundBenchmarkRelative
    1 year---
    3 years---
    Since launch---
    Rolling 12-month performance
    Calendar year performance
    Annualised performance

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

    Fund
    2016-
    2017-
    2018-
    2019-
    2020-
    2021-
    2022-
    2023-
    2024-
    2025-

    Performance for the unit class in GBP, launched on 01 April 2022. Source: Lipper.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Portfolio

    As at 31 May 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency (%)

    This is the currency breakdown before allowing for any hedging the fund may use. We aim to hedge the portfolio 100% back to the base currency.

    Created with Highcharts 11.4.3

    Years to maturity (%)

    0 - 5 Years79.0
    5 - 10 Years15.9
    10 - 15 Years1.2
    15 - 20 Years1.3
    20 - 25 Years0.6
    25 - 30 Years1.1
    30 - 40 Years1.0
    Top 10 issuers14.0
    Rest of portfolio86.0
    No. of issuers626

    Top 10 issuers (%)

    United States of America6.4
    Melco International Development1.1
    Federal Republic of Germany0.9
    Hungary0.9
    Qatar Investment Authority0.8
    AT&T0.8
    Sri Lanka0.8
    Blackstone0.8
    Republic of Angola0.8
    KPS Capital Partners0.7

    Credit rating (%)

    FundBenchmarkRelative
    AAA0.9-0.9
    AA+2.5-2.5
    AA5.4-5.4
    A11.0-11.0
    BBB+0.1-0.1
    BBB20.1-20.1
    BBB-0.0-0.0
    BB30.4-30.4
    B22.3-22.3
    B-0.1-0.1
    CCC+0.2-0.2
    CCC6.2-6.2
    CC0.3-0.3
    C0.2-0.2
    D0.3-0.3
    NR0.0-0.0
    Undefined0.0-0.0

    Country (%)

    United States31.2
    United Kingdom7.0
    Turkey4.5
    France4.1
    India3.6
    Germany3.4
    Mexico3.0
    Brazil2.3
    United Arab Emirates2.1
    Other38.9

    Top sector over/underweights (%)

    FundBenchmarkRelative
    Government20.6--
    Consumer Cyclical15.9--
    Communications & Tech12.3--
    Banks (Debt)11.8--
    Consumer Non-cyclical11.8--
    Commodities8.0--
    Real Estate (Debt)5.1--
    Industrials4.7--
    Utilities4.0--
    Energy3.0--
    Financial Services (Debt)1.5--
    Insurance (Debt)1.4--
    Economic Infrastructure0.2--

    Prices

    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. 

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