Fund facts

Fund size
£15.6m
Base currency
GBP
Launch date
Nov 2018
Domicile
United Kingdom

As at 31 Mar 2025

Fund aim

To achieve long-term capital growth by investing primarily in companies located in, or doing significant business in, emerging market countries.

Benchmark

MSCI EM (Emerging Markets) Index

ABI Sector

Global Emerging Markets Equities

Charges

Investment management charge	0.90%
Additional expenses	0.07%
Fund management charge	0.97%

Performance

Source: Lipper

Performance (%)

5 yearsChange

L&G PMC Lazard Emerging Markets 3MSCI EM (Emerging Markets) TR GBP

Performance summary (%)

To month-end
To quarter-end

As at 31 Mar 2025

Cumulative	Fund	Benchmark	Relative
3 years	24.73	7.95	+16.78
5 years	72.54	43.67	+28.87

Annualised	Fund	Benchmark	Relative
1 year	8.81	6.57	+2.24
3 years	7.64	2.58	+5.06
5 years	11.52	7.51	+4.01

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	Benchmark	Relative
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-18.81	-13.16	-5.65
2021	35.92	42.83	-6.91
2022	1.78	-6.82	+8.60
2023	0.38	-4.48	+4.86
2024	14.19	-	-
2025	8.81	-	-

12 months to 31 March	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	-	-	-	-	-18.81	35.92	1.78	0.38	14.19	8.81
Benchmark	-	-	-	-	-13.16	42.83	-6.82	-4.48	-	-
Relative	-	-	-	-	-5.65	-6.91	+8.60	+4.86	-	-

Calendar year performance (%)

	Fund	Benchmark	Relative
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	14.04	14.31	-0.27
2020	-2.27	15.02	-17.29
2021	6.82	-1.32	+8.14
2022	-4.98	-9.62	+4.64
2023	15.53	4.05	+11.48
2024	9.26	9.98	-0.72

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-	-	-	-	14.04	-2.27	6.82	-4.98	15.53	9.26
Benchmark	-	-	-	-	14.31	15.02	-1.32	-9.62	4.05	9.98
Relative	-	-	-	-	-0.27	-17.29	+8.14	+4.64	+11.48	-0.72

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years
Fund	8.81	7.64	11.52
Benchmark	6.57	2.58	7.51
Relative	+2.24	+5.06	+4.01

	1 year	3 years	5 years
Fund	9.26	6.24	4.59
Benchmark	9.98	1.13	3.25
Relative	-0.72	+5.11	+1.34

Performance for the unit class in GBP, launched on 28 November 2018. 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.

Performance for the unit class in GBP, launched on 31 October 2007. 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 Mar 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

HKD	18.0
USD	16.5
TWD	11.1
KRW	9.3
BRL	8.2
ZAR	7.5
CNY	4.8
INR	4.8
EUR	4.4
Other	15.4

Sector (%)

	Financials	27.0
	Information Technology	15.6
	Consumer Discretionary	10.4
	Communication Services	9.7
	Consumer Staples	8.2
	Industrials	7.2
	Materials	6.9
	Energy	6.0
	Health Care	3.7
	Other	5.4

	Top 10 holdings	22.8
	Rest of portfolio	77.2

Top 10 holdings (%)

Taiwan Semiconductor Manufac. Co Ltd	3.6
China Construction Bank Corp.	3.0
BB Seguridade Participacoes SA	2.2
Netease Inc	2.1
SK hynix Inc.	2.1
Alibaba Group Holding Limited	2.0
Tingyi (Cayman Islands) Holding Corp.	2.0
OTP Bank Nyrt	2.0
Indus Towers Limited	1.9
MediaTek Inc	1.9

Country (%)

	China	27.3
	Brazil	12.1
	Taiwan	11.1
	Korea	9.3
	South Africa	7.5
	Mexico	6.5
	India	4.8
	Indonesia	4.1
	Cash and Equivalents	3.6
	Other	13.7

Prices

Change date

Name

GBP

Price

1487.30p

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.

L&G PMC Lazard Emerging Markets 3

L&G PMC Lazard Emerging Markets G25

Fund facts

Fund aim

Benchmark

ABI Sector

Charges

Performance

Performance summary (%)

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

Calendar year performance (%)

Annualised performance (%)

Annualised performance (%)

Portfolio

Currency (%)

Sector (%)

Top 10 holdings (%)

Country (%)

Fund Manager

Prices

Important Information

Index disclaimer

Cumulative	Fund	Benchmark	Relative
3 years	19.93	3.42	+16.51
5 years	25.20	17.39	+7.81