Fund code

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
£165.1m
Base currency
GBP
Launch date
May 2004
Domicile
United Kingdom

As at 28 Feb 2025

Fund aim

Benchmark

ABI Sector

Sterling Long Bond

Charges

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 28 Feb 2025

Cumulative	Fund
3 years	-19.02
5 years	-25.23

Annualised	Fund
1 year	2.81
3 years	-6.78
5 years	-5.65
Since launch	2.95

As at 31 Dec 2024

Cumulative	Fund
3 years	-26.69
5 years	-22.59

Annualised	Fund
1 year	-3.54
3 years	-9.82
5 years	-4.99
Since launch	2.88

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund
2015	0.00
2016	16.01
2017	3.66
2018	-1.16
2019	11.29
2020	10.99
2021	-4.86
2022	-29.22
2023	7.37
2024	-3.54

12 months to 31 December	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	0.00	16.01	3.66	-1.16	11.29	10.99	-4.86	-29.22	7.37	-3.54

Calendar year performance (%)

	Fund
2015	0.00
2016	16.01
2017	3.66
2018	-1.16
2019	11.29
2020	10.99
2021	-4.86
2022	-29.22
2023	7.37
2024	-3.54

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	0.00	16.01	3.66	-1.16	11.29	10.99	-4.86	-29.22	7.37	-3.54

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	2.81	-6.78	-5.65	2.95

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-3.54	-9.82	-4.99	2.88

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 28 Feb 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Years to maturity (%)

	0 - 5 Years	15.4
	5 - 10 Years	12.8
	10 - 15 Years	16.5
	15 - 20 Years	20.6
	20 - 25 Years	17.8
	25 - 30 Years	10.0
	30 - 40 Years	6.2
	40+ Years	0.8

Credit rating (%)

	AAA	0.5
	AA	49.4
	A	28.1
	BBB	22.0
	Other	0.0

Sector (%)

	Gilts	44.6
	Core Financials	11.9
	Utilities	11.0
	Housing Associations	5.3
	Consumer Services	4.5
	Consumer Goods	4.2
	Telecommunications	4.0
	Industrials	3.1
	Financial Services	3.0
	Other	8.4

	Top 10 holdings	42.6
	Rest of portfolio	57.4

No. of issuers in fund

241

Top 10 holdings (%)

United Kingdom Gilt 4.375% 31 Jul 54	7.3
United Kingdom Gilt 4.25% 07 Dec 49	6.9
United Kingdom Gilt 4.25% 07 Dec 46	6.9
United Kingdom Gilt 4.25% 07 Dec 40	4.5
United Kingdom Gilt 3.5% 22 Jan 45	3.6
United Kingdom Gilt 4.25% 07 Mar 36	3.3
UK Treasury Bill 0.625% 31 Jul 35	3.2
United Kingdom Gilt 4% 22 Jan 60	2.9
United Kingdom Gilt 4.125% 22 Jul 29	2.6
United Kingdom Gilt 4% 22 Oct 63	1.6

Country (%)

	United Kingdom	75.3
	United States	12.1
	France	2.8
	Germany	2.3
	Switzerland	2.2
	Australia	1.0
	Italy	0.9
	Mexico	0.7
	Netherlands	0.6
	Other	2.2

Fund managers

LGIM Portfolio Solutions

The Fund's strategic asset allocation is set and maintained by LGIM'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 LGIM's clients, typically large pension and insurance funds.

LGIM Index Fund Management Team

The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

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

214.40p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

211.20p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

2072.14p

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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