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Legal & General (PMC) AAA-AA Fixed Interest All Stocks Targeted Duration Fund

L&G PMC AAA-AA Fixed Interest All Stocks Targeted Duration Fund 3

L&G PMC AAA-AA Fixed Interest All Stocks Targeted Duration Fund G25

Fund codeNEJ3

Fund facts

Fund size
£1.6m
Base currency
GBP
Domicile
United Kingdom

As at 28 Feb 2025

Fund aim

The fund aims to produce a total return in line with the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index and capture the yield spread over gilts of AAA-AA rated fixed interest securities.

The fund aims to produce a total return in line with the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index and capture the yield spread over gilts of AAA-AA rated fixed interest securities.

To produce a total return in line with the performance of the FTSE A Government (All Stocks) Index and capture the yield spread over gilts of AAA-AA-rated fixed interest securities.

To produce a total return in line with the performance of the FTSE A Government (All Stocks) Index and capture the yield spread over gilts of AAA-AA-rated fixed interest securities.

To produce a total return in line with the performance of the FTSE A Government (All Stocks) Index and capture the yield spread over gilts of AAA-AA-rated fixed interest securities.

ABI Sector

Sterling Fixed Interest

Charges

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 28 Feb 2025

Cumulative	Fund	ABI Sector	Relative
3 years	-17.30	-2.22	-15.08
5 years	-23.04	-4.52	-18.52

Annualised	Fund	ABI Sector	Relative
1 year	2.87	5.23	-2.36
3 years	-6.13	-0.74	-5.39
5 years	-5.10	-0.92	-4.18

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	ABI Sector	Relative
2015	0.16	0.02	+0.14
2016	10.74	8.64	+2.10
2017	3.04	4.65	-1.61
2018	0.09	-2.67	+2.76
2019	7.60	8.98	-1.38
2020	9.57	7.65	+1.92
2021	-5.36	-2.54	-2.82
2022	-25.83	-17.51	-8.32
2023	6.60	9.33	-2.73
2024	-3.21	1.44	-4.65

12 months to 31 December	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	0.16	10.74	3.04	0.09	7.60	9.57	-5.36	-25.83	6.60	-3.21
ABI Sector	0.02	8.64	4.65	-2.67	8.98	7.65	-2.54	-17.51	9.33	1.44
Relative	+0.14	+2.10	-1.61	+2.76	-1.38	+1.92	-2.82	-8.32	-2.73	-4.65

Calendar year performance (%)

	Fund	ABI Sector	Relative
2015	0.16	0.02	+0.14
2016	10.74	8.64	+2.10
2017	3.04	4.65	-1.61
2018	0.09	-2.67	+2.76
2019	7.60	8.98	-1.38
2020	9.57	7.65	+1.92
2021	-5.36	-2.54	-2.82
2022	-25.83	-17.51	-8.32
2023	6.60	9.33	-2.73
2024	-3.21	1.44	-4.65

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	0.16	10.74	3.04	0.09	7.60	9.57	-5.36	-25.83	6.60	-3.21
ABI Sector	0.02	8.64	4.65	-2.67	8.98	7.65	-2.54	-17.51	9.33	1.44
Relative	+0.14	+2.10	-1.61	+2.76	-1.38	+1.92	-2.82	-8.32	-2.73	-4.65

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years
Fund	2.87	-6.13	-5.10
ABI Sector	5.23	-0.74	-0.92
Relative	-2.36	-5.39	-4.18

Performance for the Primary unit class in GBP, launched on 15 November 2000. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Charges included unit class in GBP, launched on 01 August 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. 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.

Years to maturity (%)

	0 - 5 Years	41.3
	5 - 10 Years	19.2
	10 - 15 Years	11.8
	15 - 20 Years	7.4
	25 - 30 Years	14.5
	30 - 40 Years	3.6
	40+ Years	2.3

Credit rating (%)

	AAA	55.9
	AA	43.8
	A	0.3

Sector (%)

	Government	95.0
	Social Infrastructure	4.5
	Financial Services (Debt)	0.4

	Top 10 holdings	34.0
	Rest of portfolio	66.0

No. of issuers in fund	31
No. of issuers in index	1

Top 10 holdings (%)

Lcr Finance 5.1% 07 Mar 51	4.8
KfW 6% 07 Dec 28	4.1
KfW 5.75% 07 Jun 32	3.6
Affordable Housing Fin 2.893% 11 Aug 43	3.5
Sncf Reseau 5% 11 Mar 52	3.4
European Investment Bank 0% 07 Dec 28	3.4
EU Inv Bank 4.625% 12 Oct 54	3.3
CPPIB Capital 1.25% 07 Dec 27	2.9
EU Bank for Rec & Dev 5.625% 07 Dec 28	2.6
Dexia 0.25% 10 Dec 26	2.4

Country (%)

	Supranational	36.5
	United Kingdom	22.4
	Germany	14.7
	France	8.5
	Canada	6.4
	Belgium	4.5
	Netherlands	2.0
	United States	1.7
	Jersey	1.6
	Other	1.9

Prices

Change date

Change date

Change date

Change date

Change date

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

193.40p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

190.29p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1865.53p

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.

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