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Legal & General (PMC) Pre-Retirement Fund

L&G PMC Future World Annuity Aware Fund 3

L&G PMC Future World Annuity Aware G25

Fund codeNEN3

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.

Fund facts

Fund size
£155.1m
Base currency
GBP
Launch date
May 2004
Domicile
United Kingdom

As at 31 Mar 2025

Fund aim

The Fund aims to improve potential outcomes for investors likely to purchase fixed annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical traditional level annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy. The Fund cannot provide full protection against changes in annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).

Benchmark

FTSE Annuities Index

ABI Sector

Sterling Long Bond

Charges

Investment management charge
Additional expenses
Fund management charge

Performance

Source: Lipper

Performance (%)
Select period:
Change
  • 1 month
  • 1 m
  • 6 months
  • 6 m
  • 1 year
  • 1 y
  • 3 years
  • 3 y
  • 5 years
  • 5 y
  • Custom period
Created with Highcharts 11.4.3Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25-50-40-30-20-10010
L&G PMC Future World Annuity Aware Fund 3

Performance summary (%)

As at 31 Mar 2025

CumulativeFundBenchmarkRelative
3 years-19.14--
5 years-22.45--
AnnualisedFundBenchmarkRelative
1 year-2.61--
3 years-6.83--
5 years-4.96--
Rolling 12-month performance
Calendar year performance
Annualised performance

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

Fund
20160.60
201711.56
20181.27
20195.08
20205.62
20212.92
2022-6.81
2023-20.27
20244.12
2025-2.61

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

Past performance is not a guide to the future.

Portfolio

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

Created with Highcharts 11.4.3

Years to maturity (%)

0 - 5 Years15.7
5 - 10 Years12.3
10 - 15 Years18.3
15 - 20 Years19.9
20 - 25 Years17.7
25 - 30 Years9.7
30 - 40 Years5.9
40+ Years0.7

Credit rating (%)

AAA0.5
AA53.0
A25.5
BBB21.0

Sector (%)

Gilts48.7
Core Financials11.1
Utilities10.1
Housing Associations4.9
Consumer Services4.0
Telecommunications4.0
Consumer Goods3.8
Industrials3.0
Financial Services2.8
Other7.7
Top 10 holdings46.2
Rest of portfolio53.8
No. of issuers in fund239

Top 10 holdings (%)

United Kingdom Gilt 4.375% 31 Jul 547.2
United Kingdom Gilt 4.25% 07 Dec 496.9
United Kingdom Gilt 4.25% 07 Dec 466.9
United Kingdom Gilt 4.25% 07 Mar 365.8
United Kingdom Gilt 4.25% 07 Dec 404.8
United Kingdom Gilt 3.5% 22 Jan 453.6
United Kingdom Gilt 4.125% 22 Jul 293.3
UK Treasury Bill 0.625% 31 Jul 353.2
United Kingdom Gilt 4% 22 Jan 602.9
United Kingdom Gilt 4% 22 Oct 631.6

Country (%)

United Kingdom77.0
United States11.2
France2.5
Germany2.2
Switzerland1.9
Australia1.0
Italy0.8
Mexico0.8
Netherlands0.6
Other2.1

Prices

Name
GBP
Price
210.74p
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 2025. 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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