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Legal & General Mastertrust Smaller Companies Index Fund

L&G PMC Global Smaller Companies Equity Index 3

L&G PMC Global Smaller Companies Equity Index G17

L&G PMC Global Smaller Companies Equity Index G25

Fund codeBD73

Fund facts

Fund size
£27.9m
Base currency
GBP
Launch date
Dec 2016
Domicile
United Kingdom

As at 30 Apr 2025

Fund aim

To hold a portfolio of securities designed to track the performance of global small cap equities.

To track the performance of the MSCI World Small Cap ex Selected Securities Index (less withholding tax where applicable) to within +/-0.5% p.a. for two years out of three.

To track the performance of the MSCI World Small Cap ex Selected Securities Index (less withholding tax where applicable) to within +/-0.5% p.a. for two years out of three.

To track the performance of the MSCI World Small Cap ex Selected Securities Index (less withholding tax where applicable) to within +/-0.5% p.a. for two years out of three.

The investment objective of the fund is to track the MSCI World Small Cap ex Selected Securities Index (less withholding tax where applicable) to within +/ 0.50% p.a. for two years out of three.

Benchmark

FTSE Global Small Cap TR

MSCI World Small Cap ex Selected Securities Index

Prior to 31 May 2023 the fund aimed to track the performance of the FTSE Global Developed Small Cap Index.

MSCI World Small Cap ex Selected Securities Index

Prior to 31 May 2023 the fund aimed to track the performance of the FTSE Global Developed Small Cap Index.

MSCI World Small Cap ex Selected Securities Index

Prior to 31 May 2023 the fund aimed to track the performance of the FTSE Global Developed Small Cap Index.

MSCI World Small Cap ex Selected Securities Index

Prior to 31 May 2023 the fund aimed to track the performance of the FTSE Global Developed Small Cap Index.

ABI Sector

Global Equities

Charges

Investment management charge	0.22%
Additional expenses	0.00%
Fund management charge	0.22%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 30 Apr 2025

Cumulative	Fund	Benchmark	Relative
3 years	5.70	8.99	-3.29
5 years	53.16	59.45	-6.29

Annualised		Benchmark	Relative
1 year	-1.73	-2.37	+0.64
3 years	1.86	2.91	-1.05
5 years	8.90	9.77	-0.87

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	1.44	2.85	-1.41
2019	7.92	6.56	+1.36
2020	-16.44	-18.01	+1.57
2021	61.02	61.96	-0.94
2022	6.28	5.13	+1.15
2023	-6.62	-4.01	-2.61
2024	14.87	-	-
2025	-2.12	-	-

12 months to 31 March	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	-	-	1.44	7.92	-16.44	61.02	6.28	-6.62	14.87	-2.12
Benchmark	-	-	2.85	6.56	-18.01	61.96	5.13	-4.01	-	-
Relative	-	-	-1.41	+1.36	+1.57	-0.94	+1.15	-2.61	-	-

Calendar year performance (%)

		Benchmark	Relative
2015	-	-	-
2016	-	-	-
2017	11.05	11.98	-0.93
2018	-8.94	-8.31	-0.63
2019	22.89	21.11	+1.78
2020	15.10	14.71	+0.39
2021	16.49	16.50	-0.01
2022	-9.72	-9.48	-0.24
2023	10.42	11.77	-1.35
2024	9.30	10.83	-1.53

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
	-	-	11.05	-8.94	22.89	15.10	16.49	-9.72	10.42	9.30
Benchmark	-	-	11.98	-8.31	21.11	14.71	16.50	-9.48	11.77	10.83
Relative	-	-	-0.93	-0.63	+1.78	+0.39	-0.01	-0.24	-1.35	-1.53

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years
	-1.73	1.86	8.90
Benchmark	-2.37	2.91	9.77
Relative	+0.64	-1.05	-0.87

Performance for the unit class in GBP, launched on 15 December 2016. Source: Lipper.

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 17 November 2020. Source: Lipper.

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 30 March 2021. 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 19 November 2018. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Primary unit class in GBP, launched on 23 January 2015. Source: Lipper.

Past performance is not a guide to the future.

Portfolio

As at 30 Apr 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index. The figures shown for market capitalisation (the total share value of a company) may not be comparable between funds as they can be measured and classed in different ways.

Sector (%)

	Industrials	20.1
	Financials	16.1
	Consumer Discretionary	12.7
	Information Technology	10.2
	Health Care	9.2
	Real Estate	8.3
	Materials	7.7
	Consumer Staples	5.0
	Energy	4.1
	Other	6.7

Market capitalisation (%)

	Large	0.1
	Mid	0.0
	Small	99.9

	Top 10 holdings	2.0
	Rest of portfolio	98.1

No. of holdings in fund	3,885
No. of holdings in index	3,868

Top 10 holdings (%)

Casey'S General Stores	0.2
Sprouts Farmers Market	0.2
Tapestry	0.2
Guidewire Software	0.2
BJ's Wholesale Club Holdings	0.2
US Foods Holding	0.2
Comfort Systems USA	0.2
Tenet Healthcare	0.2
Duolingo	0.2
Flex	0.2

Country (%)

	United States	58.7
	Japan	13.7
	United Kingdom	5.1
	Canada	3.8
	Australia	3.8
	Sweden	2.1
	Switzerland	1.8
	Germany	1.6
	France	1.3
	Other	8.2

Prices

Change date

Change date

Change date

Change date

Change date

Name

GBP

Price

1788.74p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

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

1609.24p

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

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.

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