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
£50.5m
Base currency
GBP
Launch date
Oct 2018
Domicile
United Kingdom
Indicative spread
0.36%

As at 30 Sep 2025

Fund aim

Benchmark

ABI Sector

Sterling Long Bond

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
3 years	9.97
5 years	-28.29

Annualised	Fund
1 year	-2.01
3 years	3.21
5 years	-6.43
Since launch	-

As at 30 Sep 2025

Cumulative	Fund
3 years	9.97
5 years	-28.29

Annualised	Fund
1 year	-2.01
3 years	3.21
5 years	-6.43
Since launch	-

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund
2016	20.87
2017	-4.66
2018	0.21
2019	15.81
2020	5.93
2021	-5.44
2022	-31.04
2023	1.72
2024	10.32
2025	-2.01

12 months to 30 September	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	20.87	-4.66	0.21	15.81	5.93	-5.44	-31.04	1.72	10.32	-2.01

Calendar year performance (%)

	Fund
2015	-0.10
2016	15.93
2017	3.59
2018	-2.18
2019	12.24
2020	10.90
2021	-4.94
2022	-29.28
2023	7.28
2024	-3.61

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-0.10	15.93	3.59	-2.18	12.24	10.90	-4.94	-29.28	7.28	-3.61

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-2.01	3.21	-6.43	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-2.01	3.21	-6.43	-

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

Years to maturity (%)

	0 - 5 Years	14.5
	5 - 10 Years	15.8
	10 - 15 Years	10.9
	15 - 20 Years	19.6
	20 - 25 Years	19.7
	25 - 30 Years	11.7
	30 - 40 Years	6.3
	40+ Years	1.4

Credit rating (%)

	AAA	0.2
	AA	60.0
	A	24.3
	BBB	15.6

Sector (%)

	Gilts	55.5
	Core Financials	11.7
	Utilities	6.7
	Consumer Goods	4.8
	Consumer Services	3.5
	Housing Associations	3.1
	Industrials	2.8
	Telecommunications	2.8
	Financial Services	2.2
	Other	6.9

	Top 10 holdings	51.7
	Rest of portfolio	48.4

No. of issuers in fund

239

Top 10 holdings (%)

United Kingdom Gilt 4.25% 07 Dec 46	10.3
United Kingdom Gilt 4.25% 07 Dec 40	9.6
United Kingdom Gilt 4.375% 31 Jul 54	7.9
United Kingdom Gilt 4.25% 07 Dec 49	6.7
United Kingdom Gilt 4% 22 Jan 60	3.6
United Kingdom Gilt 3.5% 22 Jan 45	3.5
United Kingdom Gilt 0.625% 31 Jul 35	3.3
United Kingdom Gilt 4.25% 07 Mar 36	2.9
United Kingdom Gilt 4% 22 Oct 63	2.1
United Kingdom Gilt 3.75% 22 Jul 52	1.8

Country (%)

	United Kingdom	77.6
	United States	11.2
	France	2.8
	Germany	2.1
	Switzerland	1.3
	Australia	0.8
	Netherlands	0.6
	Japan	0.6
	Spain	0.5
	Other	2.6

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

222.80p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

219.14p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

2149.05p

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.

Enable javascript

This website requires javascript to be enabled in order to work correctly. Please enable javascript in your browser.

How to enable javascript in MS Internet Explorer
How to enable javascript in Google Chrome