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L&G PMC Managed Property Fund 3

L&G PMC Managed Property Fund G25

Fund codeNWM3
Price1306.00p
As at13 May 2025

Fund facts

Fund size
£4.0m
Base currency
GBP
Domicile
United Kingdom

As at 31 Mar 2025

Fund aim

The fund aims to exceed the MSCI/AREF UK Quarterly All Balanced Property Fund Index (UK PFI) over three and five year periods.

Benchmark

MSCI/AREF UK Quarterly All Balanced Property Fund Index (UK PFI)

ABI Sector

UK Direct Property

Charges

Performance

Source: Lipper

Performance (%)
Select period:
Change
  • 1 month
  • 1 m
  • 6 months
  • 6 m
  • 1 year
  • 1 y
  • 3 years
  • 3 y
  • 5 years
  • 5 y
  • Custom period
Created with Highcharts 11.4.3Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25-10010203040
L&G PMC Managed Property Fund 3

As at 14 May 2025

Performance summary (%)

As at 31 Mar 2025

CumulativeFundBenchmarkRelative
3 years-2.33--
5 years14.58--
AnnualisedFundBenchmarkRelative
1 year6.45--
3 years-0.78--
5 years2.76--

Share class launch date: 10 May 2016

Rolling 12-month performance
Calendar year performance
Annualised performance

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

Fund
2016-
2017-
20188.01
20192.82
2020-0.08
2021-3.89
202222.05
2023-8.52
20240.30
20256.45

Performance for the unit class in GBP, launched on 10 May 2016. Source: Lipper.

Past performance is not a guide to the future.

Portfolio

As at 31 Mar 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Asset (%)

Direct Property80.7
Indirect Property11.4
Cash and Other7.9

Sector (%)

Standard Industrial - South East35.3
Retail Warehouse10.3
Office - West End & Mid Town7.7
Cash7.6
Office - Rest of South East7.3
Residential excl. Student Accommodation5.9
Leisure5.7
Hotel3.8
Shopping Centre3.3
Other13.3

Region (%)

South East40.9
London25.0
Eastern6.7
North West6.3
South West5.0
Yorkshire and Humber5.0
West Midlands4.7
Scotland3.0
North East2.9
East Midlands0.4

Property characteristics

No. of assets75
No. of physical properties71
Void rate ex. development10.8%
Average lease length6.8 years
Average lot size£43.1m
Net initial yield4.4%
Cash level£300.5m
Uncommitted cash£185.1m
Void rate, lease length, lot size and net initial yield relate to direct properties only.

Top 10 holdings (£M)

Dunstable - Woodside Industrial Estate|Industrial - South East300-350
Brentford – West Cross Industrial Park|Industrial  - Outer London175-200
Basingstoke - Kingsland Business Park|Industrial - South East150-175
London - Strand Island Site|Office - Mid Town100-125
Manchester - North Tower|Other - North West100-125
London - Yotel London Clerkenwell|Other - City90-100
Newcastle - Into Newcastle University|Other - North East80-90
Leeds - The Light|Other - Yorkshire and Humber80-90
London - 76-88 Wardour Street|Office - West End70-80
Bedford - Interchange Shopping Park|Retail Warehouse - Eastern70-80

Prices

Name
GBP
Price
1306.00p
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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