Legal & General (PMC) Pre-Retirement Fund

L&G PMC Future World Annuity Aware Fund 3

L&G PMC Future World Annuity Aware G25

Fund code
Price-
As at-
Price-
As at-
Price229.40p
As at20 Feb 2026
Price227.10p
As at20 Feb 2026
Price2226.65p
As at20 Feb 2026

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.

Please note that the name of the Fund was previously the L&G PMC Pre-Retirement Fund G25.

Fund facts

Fund size
£84.3m
Base currency
GBP
Launch date
May 2004
Domicile
United Kingdom

As at 31 Dec 2025

Fund aim

Benchmark

ABI Sector

Sterling Long Bond

Charges

Investment management charge
Additional expenses
Fund management charge

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Dec 2025

    CumulativeFund
    3 years9.22
    5 years-26.45
    AnnualisedFund
    1 year5.45
    3 years2.98
    5 years-5.96
    Since launch3.05

    Share class launch date: 11 Nov 2003

    Share class launch date: 11 Nov 2003

    Share class launch date: 14 May 2004

    Share class launch date: 14 May 2004

    Share class launch date: 26 Oct 2018

    As at 31 Dec 2025

    CumulativeFund
    3 years9.22
    5 years-26.45
    AnnualisedFund
    1 year5.45
    3 years2.98
    5 years-5.96
    Since launch3.05

    Share class launch date: 11 Nov 2003

    Share class launch date: 11 Nov 2003

    Share class launch date: 14 May 2004

    Share class launch date: 14 May 2004

    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 (%)

    Fund
    201616.01
    20173.66
    2018-1.16
    201911.29
    202010.99
    2021-4.86
    2022-29.22
    20237.37
    2024-3.54
    20255.45

    Calendar year performance (%)

    Fund
    201616.01
    20173.66
    2018-1.16
    201911.29
    202010.99
    2021-4.86
    2022-29.22
    20237.37
    2024-3.54
    20255.45

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund5.452.98-5.963.05

    Data as at 31.12.2025

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund5.452.98-5.963.05

    Data as at 31.12.2025

    Performance for the Primary unit class in GBP, launched on 11 November 2003. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the Charges included unit class in GBP, launched on 11 November 2003. Source: Lipper.

    Past performance is not a guide to the future.

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

    Past performance is not a guide to the future.

    Portfolio

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

    Years to maturity (%)

    0 - 5 Years16.6
    5 - 10 Years15.7
    10 - 15 Years20.3
    15 - 20 Years9.2
    20 - 25 Years19.3
    25 - 30 Years11.8
    30 - 40 Years6.7
    40+ Years0.4

    Credit rating (%)

    AAA0.3
    AA59.5
    A23.6
    BBB16.6

    Sector (%)

    Gilts55.3
    Core Financials12.1
    Utilities6.9
    Consumer Goods4.8
    Consumer Services3.7
    Telecommunications3.1
    Industrials3.0
    Housing Associations2.3
    Financial Services2.3
    Other6.6
    Top 10 holdings50.5
    Rest of portfolio49.5
    No. of issuers in fund239

    Top 10 holdings (%)

    United Kingdom Gilt 4.25% 07 Dec 4610.3
    United Kingdom Gilt 4.25% 07 Dec 408.7
    United Kingdom Gilt 4.375% 31 Jul 547.5
    United Kingdom Gilt 4.25% 07 Dec 496.8
    United Kingdom Gilt 3.5% 22 Jan 453.5
    United Kingdom Gilt 0.625% 31 Jul 353.2
    United Kingdom Gilt 4% 22 Jan 603.2
    United Kingdom Gilt 4.25% 07 Mar 362.7
    United Kingdom Gilt 3.75% 22 Jul 522.5
    United Kingdom Gilt 4% 22 Oct 632.1

    Country (%)

    United Kingdom77.4
    United States11.2
    France3.1
    Germany2.0
    Switzerland1.2
    Australia0.8
    Spain0.6
    Japan0.6
    Italy0.6
    Other2.6

    Fund managers

    L&G Portfolio Solutions

    The Fund's strategic asset allocation is set and maintained by L&G's Portfolio Solutions team. This team has a wealth of experience and is drawn from financial, actuarial and consultancy backgrounds. They are involved in asset allocation work for a wide range of L&G's clients, typically large pension and insurance funds.

    L&G Index Fund Management Team

    The skill set and expertise we have developed over 35+ years in index management has allowed us to continuously evolve our investment processes. The Index Fund Management team comprises 30 fund managers with an average experience of 15 years, supported by 33 broader team members. Management oversight is provided by Dave Barron, Global Head of Index, ETFs & Systematic Solutions. The team also has full access to the resources and research of other specialists within L&G, including economists and strategists.

    Prices

    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    229.40p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    227.10p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    2226.65p
    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 2026. 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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