Fund facts

Fund size
£405.5m
Base currency
GBP
Launch date
Feb 2015
Domicile
United Kingdom
Indicative spread
0.21%

As at 30 Apr 2025

Fund aim

The investment objective of the Fund is to provide long-term investment growth up to and during retirement, and to facilitate the drawdown of retirement income. The Fund invests globally in a range of different asset classes. The Fund invests in both index tracking and actively managed funds.

The investment objective of the fund is to provide long-term investment growth up to and during retirement, and to facilitate the drawdown of retirement income.

Benchmark

Bank of England base rate +3.5%

ABI Sector

Specialist

Charges

Investment management charge	0.28%
Additional expenses	0.01%
Fund management charge	0.29%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 30 Apr 2025

Cumulative	Fund	Benchmark	Relative
3 years	10.60	25.30	-14.70
5 years	24.08	34.65	-10.57

Annualised	Fund	Benchmark	Relative
1 year	6.56	8.55	-1.99
3 years	3.41	7.80	-4.39
5 years	4.41	6.13	-1.72

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	Benchmark	Relative
2016	1.02	4.00	-2.98
2017	12.97	3.85	+9.12
2018	2.08	3.84	-1.76
2019	5.38	4.15	+1.23
2020	-2.81	4.22	-7.03
2021	15.46	3.60	+11.86
2022	3.82	3.67	+0.15
2023	-3.34	5.85	-9.19
2024	6.79	-	-
2025	4.16	-	-

12 months to 31 March	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	1.02	12.97	2.08	5.38	-2.81	15.46	3.82	-3.34	6.79	4.16
Benchmark	4.00	3.85	3.84	4.15	4.22	3.60	3.67	5.85	-	-
Relative	-2.98	+9.12	-1.76	+1.23	-7.03	+11.86	+0.15	-9.19	-	-

Calendar year performance (%)

	Fund	Benchmark	Relative
2015	-	-	-
2016	12.71	3.92	+8.79
2017	9.16	3.77	+5.39
2018	-3.31	4.09	-7.40
2019	13.04	4.25	+8.79
2020	4.98	3.73	+1.25
2021	6.39	3.60	+2.79
2022	-7.62	4.97	-12.59
2023	7.52	8.27	-0.75
2024	4.59	8.74	-4.15

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-	12.71	9.16	-3.31	13.04	4.98	6.39	-7.62	7.52	4.59
Benchmark	-	3.92	3.77	4.09	4.25	3.73	3.60	4.97	8.27	8.74
Relative	-	+8.79	+5.39	-7.40	+8.79	+1.25	+2.79	-12.59	-0.75	-4.15

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years
Fund	6.56	3.41	4.41
Benchmark	8.55	7.80	6.13
Relative	-1.99	-4.39	-1.72

	1 year	3 years	5 years
Fund	4.59	1.28	3.01
Benchmark	8.03	7.07	5.69
Relative	-3.44	-5.79	-2.68

Performance for the unit class in GBP, launched on 02 February 2015. 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.

Performance for the Primary unit class in GBP, launched on 01 September 2014. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Charges included unit class in GBP, launched on 29 October 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.

Asset allocation (%)Equities28.5
Developed Corporate Bonds12.4
Developed Government Bonds28.2
Alternatives13.7
Alternative Credit12.2
Cash5.0

Equities (%)

North America Equity	7.7
Europe ex UK Equity	4.6
Japan Equity	4.3
Emerging Market Equity	3.6
UK Equity	3.3
Global Equity Strategies	2.9
Asia Pacific ex Japan Equity	2.2

Developed corporate bonds (%)

Investment Grade Corporate Bonds

12.4

Developed government bonds (%)

Nominal Sovereign Debt	24.0
Index-Linked Sovereign Debt	4.1

Alternatives (%)

Global Infrastructure*	5.2
Global Real Estate*	4.1
UK Physical Property	2.5
Absolute Return	1.1
Gold Mining & Forestry*	0.8

Alternatives (%)

Emerging Market Debt (hard)	5.2
Illiquid Debt	4.5
Global High Yield	2.2
Emerging Market Debt (local)	0.3

*Exposure through shares in listed infrastructure/global Real Estate Investment Trusts (REITs)/Timberland companies/Gold Mining companies. Asset allocations are subject to change.

Prices

Change date

Name

GBP

Price

1566.40p

Change (%)

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1554.97p

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

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.

L&G PMC Retirement Income Multi-Asset Fund 3

L&G PMC Retirement Income Multi-Asset Fund G25

Fund facts

Fund aim

Benchmark

ABI Sector

Charges

Performance

Performance summary (%)

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

Calendar year performance (%)

Annualised performance (%)

Annualised performance (%)

Portfolio

Asset allocation (%)

Equities (%)

Developed corporate bonds (%)

Developed government bonds (%)

Alternatives (%)

Alternatives (%)

Fund managers

Prices

Important Information

	Equities	28.5
	Developed Corporate Bonds	12.4
	Developed Government Bonds	28.2
	Alternatives	13.7
	Alternative Credit	12.2
	Cash	5.0

Cumulative	Fund	Benchmark	Relative
3 years	3.88	22.77	-18.89
5 years	16.03	31.93	-15.90