Group Stakeholder Pension

L&G PMC Sustainable Property Fund 3

L&G PMC Sustainable Property Fund G17

L&G PMC Sustainable Property Fund G25

Fund codeB1CQ
Price417.22p
As at9 May 2025

Fund facts

Fund size
£48.6m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
7.07%

As at 31 Mar 2025

Fund aim

To deliver income and capital growth through investment in a diversified portfolio of UK real estate and the Global Real Estate Index Trust market. The Fund will target net zero operational carbon by 2030 for the direct property portfolio.

ABI Sector

UK Direct Property

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Mar 2025

    CumulativeFundABI SectorRelative
    3 years-7.08-10.73+3.65
    5 years15.390.82+14.57
    AnnualisedABI SectorRelative
    1 year5.363.11+2.25
    3 years-2.42-3.71+1.29
    5 years2.900.16+2.74

    Share class launch date: 26 Oct 2018

    Rolling 12-month performance
    Calendar year performance
    Annualised performance

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

    FundABI SectorRelative
    201610.217.04+3.17
    20175.020.40+4.62
    20189.627.90+1.72
    201911.973.08+8.89
    2020-6.70-2.62-4.08
    202110.93-1.98+12.91
    202211.9515.22-3.27
    2023-13.50-12.95-0.55
    20241.96--
    20255.36--

    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.

    Portfolio

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

    Asset (%)

    Direct Property88.9
    GREIT5.3
    Cash4.8
    Indirect Property1.0

    Sector (%)

    Industrial48.1
    Retail Warehouse17.0
    Offices16.1
    Leisure12.8
    Shop5.5
    Land0.5

    Region (%)

    South West33.3
    Central London21.8
    Sub London15.8
    Wales8.2
    South East7.0
    Midlands6.7
    Scotland3.8
    North West3.4

    Property characteristics

    No. of assets17
    Void rate ex. development18.0%
    Average lease length6.1 years
    Average lot size£9.9m
    Net initial yield4.9%

    Top 10 holdings (£M)

    Weston Super Mare, Weston Industrial Estate20-30
    London, Compass West Industrial Estate20-30
    Penzance, Heliport Retail Park10-20
    High Wycombe, White Hart St/Oct. Parade10-20
    London, Eagle Street10-20
    Chippenham, Bath Road Retail Park5-10
    Sutton-In-Ashfield, Castlewood Business Park5-10
    London, Dudley House5-10
    London, 390 Strand5-10
    Llandudno, Junction Leisure Park5-10

    Prices

    Name
    GBP
    Price
    417.22p
    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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