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Legal & General (PMC) Pre-Retirement Inflation Linked Fund

L&G PMC Future World Inflation Linked Annuity Aware Fund 3

L&G PMC Future World Inflation Linked Annuity Aware Fund G25

Fund codeNES3

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 Inflation Linked Fund 3.

Please note that the name of the Fund was previously the L&G PMC Pre-Retirement Inflation Linked Fund G25.

Fund facts

Fund size
£3.6m
Base currency
GBP
Launch date
Oct 2012
Domicile
United Kingdom

As at 31 May 2025

Fund aim

The Fund aims to improve potential outcomes for investors likely to purchase inflation-linked annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical inflation-linked annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy.

The Fund aims to improve potential outcomes for investors likely to purchase inflation-linked annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical inflation-linked annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy.

The Fund aims to improve potential outcomes for investors likely to purchase inflation-linked annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical inflation-linked annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy. The Fund cannot provide full protection against changes in inflation-linked annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).

The Fund aims to improve potential outcomes for investors likely to purchase inflation-linked annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical inflation-linked annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy. The Fund cannot provide full protection against changes in inflation-linked annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).

The Fund aims to improve potential outcomes for investors likely to purchase inflation-linked annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical inflation-linked annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy. The Fund cannot provide full protection against changes in inflation-linked annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).

Benchmark

Inflation Linked Annuity Aware Composite

Inflation Linked Annuity Aware Composite

Inflation Linked Annuity Aware Composite

Inflation Linked Annuity Aware Composite

Inflation Linked Annuity Aware Composite

ABI Sector

Sterling Long Bond

Charges

Investment management charge
Additional expenses
Fund management charge

Performance

Source: Lipper

Performance (%)

5 yearsChange

L&G PMC Future World Inflation Linked Annuity Aware Fund 3

Performance summary (%)

To month-end
To quarter-end

As at 31 May 2025

Cumulative	Fund	Benchmark	Relative
3 years	-24.63	-	-
5 years	-35.38	-	-

Annualised	Fund	Benchmark	Relative
1 year	-4.25	-	-
3 years	-8.99	-	-
5 years	-8.36	-	-

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund
2016	-0.36
2017	16.08
2018	1.09
2019	6.15
2020	4.44
2021	2.52
2022	-1.59
2023	-25.84
2024	-0.87
2025	-5.26

12 months to 31 March	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	-0.36	16.08	1.09	6.15	4.44	2.52	-1.59	-25.84	-0.87	-5.26
Benchmark	-	-	-	-	-	-	-	-	-	-
Relative	-	-	-	-	-	-	-	-	-	-

Calendar year performance (%)

	Fund
2015	-1.26
2016	21.19
2017	3.47
2018	-1.25
2019	9.58
2020	11.33
2021	-0.09
2022	-34.60
2023	4.84
2024	-5.86

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-1.26	21.19	3.47	-1.25	9.58	11.33	-0.09	-34.60	4.84	-5.86
Benchmark	-	-	-	-	-	-	-	-	-	-
Relative	-	-	-	-	-	-	-	-	-	-

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years
Fund	-4.25	-8.99	-8.36
Benchmark	-	-	-
Relative	-	-	-

Performance for the Primary unit class in GBP, launched on 17 March 2004. Source: Lipper.

Past performance is not a guide to the future.

Performance for the Charges included unit class in GBP, launched on 23 September 2015. Source: Lipper.

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 18 October 2012. 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 18 October 2012. 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 31 May 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Years to maturity (%)

	0 - 5 Years	11.5
	5 - 10 Years	16.6
	10 - 15 Years	24.3
	15 - 20 Years	23.1
	20 - 25 Years	9.8
	25 - 30 Years	7.7
	30 - 40 Years	5.9
	40+ Years	1.2

Credit rating (%)

	AAA	0.3
	AA	55.3
	A	24.6
	BBB	19.8

Sector (%)

	Government	51.2
	Core Financials	10.2
	Utilities	9.9
	Consumer Services	4.4
	Housing Associations	4.1
	Telecommunications	3.7
	Consumer Goods	3.6
	Industrials	2.5
	Financial Services	2.5
	Other	7.9

	Top 10 holdings	49.5
	Rest of portfolio	50.5

No. of issuers in fund

253

Top 10 holdings (%)

UK IL Gilt 0.125% 22 Nov 36	14.5
UK IL Gilt 0.125% 10 Aug 41	7.4
UK IL Gilt 0.125% 10 Aug 31	7.0
UK IL Gilt 0.125% 22 Mar 44	5.1
UK IL Gilt 0.125% 10 Aug 48	4.3
UK Inf-Linked Gilt 0.125% 22 Mar 51	4.1
UK IL Gilt 0.125% 22 Nov 56	2.4
UK IL Gilt 0.125% 22 Mar 46	2.2
UK IL Gilt 1.25% 22 Nov 54	1.3
UK IL Gilt 0.125% 22 Mar 58	1.2

Country (%)

	United Kingdom	78.8
	United States	10.3
	France	2.3
	Germany	2.0
	Switzerland	1.7
	Australia	0.9
	Netherlands	0.7
	Italy	0.7
	Mexico	0.7
	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

-

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1561.11p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1540.97p

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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