Fund code

Fund facts

Fund size
£48.1m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
0.10%

As at 30 Sep 2025

Fund aim

Benchmark

ABI Sector

Sterling Fixed Interest

Charges

Investment management charge	0.20%
Additional expenses	0.00%
Fund management charge	0.20%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 30 Sep 2025

Cumulative	Fund	Benchmark
3 years	4.33	3.85
5 years	-24.28	-25.77

Annualised	Fund	Benchmark
1 year	-2.05	-1.29
3 years	1.42	1.26
5 years	-5.41	-5.78
Since launch	-	-

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Share class launch date: 07 Jun 1971

As at 30 Sep 2025

Cumulative	Fund	Benchmark
3 years	4.33	3.85
5 years	-24.28	-25.77

Annualised	Fund	Benchmark
1 year	-2.05	-1.29
3 years	1.42	1.26
5 years	-5.41	-5.78
Since launch	-	-

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Benchmark: FTSE Actuaries UK Conventional Gilts All Stocks TR

Share class launch date: 26 Oct 2018

Share class launch date: 07 Jun 1971

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	Benchmark
2016	13.93	12.64
2017	-4.84	-3.56
2018	0.82	0.62
2019	12.77	13.36
2020	4.43	3.41
2021	-6.38	-6.81
2022	-22.47	-23.29
2023	-2.14	-2.47
2024	8.85	7.86
2025	-2.05	-1.29

12 months to 30 September	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	13.93	-4.84	0.82	12.77	4.43	-6.38	-22.47	-2.14	8.85	-2.05
Benchmark	12.64	-3.56	0.62	13.36	3.41	-6.81	-23.29	-2.47	7.86	-1.29

Calendar year performance (%)

	Fund	Benchmark
2015	0.56	0.57
2016	9.86	10.10
2017	1.63	1.83
2018	-0.59	0.57
2019	7.62	6.90
2020	9.08	8.27
2021	-4.19	-5.16
2022	-22.86	-23.83
2023	4.02	3.69
2024	-3.17	-3.32

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	0.56	9.86	1.63	-0.59	7.62	9.08	-4.19	-22.86	4.02	-3.17
Benchmark	0.57	10.10	1.83	0.57	6.90	8.27	-5.16	-23.83	3.69	-3.32

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-2.05	1.42	-5.41	-
Benchmark	-1.29	1.26	-5.78	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-2.05	1.42	-5.41	-
Benchmark	-1.29	1.26	-5.78	-

Performance for the unit class in GBP, launched on 26 October 2018. 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. 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 26 October 2018. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Primary unit class in GBP, launched on 07 June 1971. Source: Lipper.

Past performance is not a guide to the future.

Portfolio

As at 30 Sep 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Currency (%)

	GBP	96.8
	JPY	3.4
	EUR	-0.1
	USD	-0.2
	Other	0.0

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.

	Top 10 issuers	99.1
	Rest of portfolio	0.9

No. of issuers

35

Top 10 issuers (%)

United Kingdom	88.7
Japan	3.4
Federal Republic of Germany	3.4
Province of Ontario Canada	2.5
WMB Holdings	1.1

	Fund	Benchmark	Relative
AAA	3.4	-	3.4
AA	92.3	100.0	-7.7
A	3.4	-	3.4
Cash	0.9	-	0.9

	Fund	Benchmark	Relative
ABS	1.1	-	1.1
Cash and Equivalents	0.9	-	0.9
Sovereign	98.0	100.0	-2.0

Fund Manager

Simon is a fund manager within the Rates and Inflation team where he is responsible for the management of a number of portfolios. Simon joined L&G in March 2012. Previously he was at Aberdeen Asset Management where he was a portfolio manager in both the Global Macro team and the European Product team for four years. Simon spent a total of 12 years at Aberdeen, and prior to being a fund manager, he held various other positions including being a key and founding member of the LDI team and ran the trading desk from 2001 to 2008. Simon graduated from Bournemouth University with a BA (hons) in financial services and holds the IMC.

SimonBell

Prices

Name

GBP

Price

3561.81p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

224.17p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

3556.59p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

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.

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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