AN EQUITY FUND 31 MARCH 2015 01 LEGAL & GENERAL (PMC) GLOBAL EQUITY FIXED WEIGHTS (50:50) INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 1,153.4 million Number of holdings 2,908 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NDZQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 4. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. JOANNA BRIGDEN Jo is a Manager, Index Funds and is responsible for client asset allocation implementation, performance measurement and benchmark maintenance. Jo joined LGIM in 2002 after beginning her career with Canada Life in 1997 in the actuarial department. Jo holds a BSc (Hons) in Mathematics from the University of Glasgow, a Diploma in Actuarial Techniques and the Investment Management Certificate. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To capture the sterling total returns of the UK and overseas equity markets as represented by the FTSE All-Share Index in the UK and appropriate sub-divisions of the FTSE World Index overseas, with fixed asset allocation between the UK (50%) and overseas (50%). The overseas exposure of 50% is divided 17.5% in Europe (excluding UK), 17.5% in North America, 8.75% in Japan and 6.25% in Asia Pacific (excluding Japan). ABI UK - GLOBAL EQUITIES-PEN Funds which invest at least 80% of their assets in equities. Funds must be invested in more than one equity region. Not to include funds which would otherwise qualify for the Global Emerging Markets Equity sector. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) GLOBAL EQUITY FIXED WEIGHTS (50:50) INDEX FUND 31 MARCH 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. 12. Currency changes The fund may have investments valued in currencies that are not Sterling (British pounds). if the value of these currencies falls compared to Sterling, this may mean the value of your fund will go down. if arrangements are made to protect the fund against currency movements (known as 'hedging') and the currencies rise compared to Sterling, your fund will not benefit from those gains. 13. Equities The fund invests in equities (company shares). Investments in shares tend to be riskier than for many other types of investment. This is because there s a higher risk of the value of your fund falling, more often and by a larger amount than investments in many other asset types especially in the short term. 29. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 31 MARCH 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - Global Equities-Pen 1 year 3 years 5 years Fund 14.77 45.99 56.87 ABI sector 15.41 42.94 51.57 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 8.16-0.65 17.75 8.02 14.77 ABI sector 7.64-1.48 15.79 6.97 15.41 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTL55 B3KHTL5 LGGEFW
LEGAL & GENERAL (PMC) GLOBAL EQUITY FIXED WEIGHTS (50:50) INDEX FUND 31 MARCH 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. UK 45.15% Emerging Europe 0.02% Middle East and Africa 0.01% Managed funds 0.01% Unclassified - Property 1.87% Unclassified - Other 1.83% Unclassified - Cash and Equivalents 0.75% Direct property and REITs 1.87% Spain 1.59% Netherlands 1.34% Sweden 1.21% 3.46% South Korea 1.18% 1.89% Unclassified - Other 1.83% Other 8.72% Developed Europe - excl UK 19.11% North America 16.29% Japan 8.89% Emerging Asia 2.74% Australia and New Zealand 1.95% Developed Asia 1.38% United Kingdom 45.16% United States 15.30% COUNTRY BREAKDOWN The countries in which the fund currently invests. Japan 8.89% Switzerland 3.79% Germany 3.77% France Australia EQUITIES SECTOR BREAKDOWN The type of industries and services the fund currently invests. Financials 23.77% Basic materials 6.45% Consumer goods 15.06% Technology 5.27% Industrials 12.15% Telecommunications 4.14% Consumer services 10.70% Utilities 3.32% Investment grade corporate bonds 0.01% Other 1.00% Health care 9.87% Oil & gas 8.26% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Pound Sterling 48.15% New Taiwan Dollar 1.03% US Dollar 16.44% Swedish Krona 1.02% Euro 12.59% Hong Kong Dollar 0.95% Yen 8.86% Canadian Dollar 0.90% Swiss Franc 3.67% Unknown 0.77% Australian Dollar 1.96% Danish Krone 0.67% Won 1.18% Other 1.81% EQUITIES MARKET CAPITALISATION The size of the companies the fund currently invests in. > 50BN 31.97% > 250M and < 1BN 1.97% > 20BN and < 50BN 22.98% > 50M and < 250M 0.26% > 10BN and < 20BN 14.13% Unknown market capital 4.02% > 5BN and < 10BN 10.74% Cash and equivalents 0.75% > 3BN and < 5BN 6.73% Portfolio debt 0.01% > 1BN and < 3BN 6.44% TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding HSBC Holdings PLC (UK Reg) BP GlaxoSmithKline British American Tobacco Vodafone Group AstraZeneca Royal Dutch Shell B Diageo Prudential Lloyds Banking Group Sector Banks Oil & Gas Producers Pharmaceuticals & Biotechnology Tobacco Mobile Telecommunications Pharmaceuticals & Biotechnology Oil & Gas Producers Beverages Life Insurance Banks Percentage of fund in top 10 % 2.50% 1.82% 1.71% 1.48% 1.34% 1.33% 1.19% 1.07% 0.97% 0.97% 14.38%
LEGAL & GENERAL (PMC) GLOBAL EQUITY FIXED WEIGHTS (50:50) INDEX FUND 31 MARCH 2015 04 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
A CASH FUND 30 APRIL 2015 01 LEGAL & GENERAL PENSION CASH FUND. FUND FACTS Product(s) CPS/GAVC Launch date 21 December 1977 Fund size 387.7 million Number of holdings 51 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code HABQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 4. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL Legal & General Investment Management (LGIM) is one of Europe s largest institutional asset managers and a major global investor. Throughout the past 40 years they have built their business through understanding what matters most to their clients and transforming this insight into valuable, accessible investment products and solutions. They provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. JENNIFER GILLESPIE Jennifer Gillespie has more than 14 years' industry experience covering segregated cash mandates, liquidity and cash funds. In 2008 Jennifer joined Legal & General as Head of Cash Management, moving from Scottish Widows Investment Partnership (SWIP). Jennifer graduated from the University of Waterloo in Canada with a Bachelor of Arts (with Honours) in Soviet Studies. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To provide capital protection with growth at short term interest rates. The fund invests in the short term money markets such as bank deposits and Treasury Bills. Notes: A. The fund does not invest in any asset types where the capital value can fall, such as fixed interest securities. The value of the fund s assets would only fall if a deposit holder or the UK Government were unable to meet their obligations. B. If the interest earned by the fund s assets is insufficient to cover the annual fund charge and any additional fund expenses, the value of your pension will fall. ABI UK - DEPOSIT & TREASURY-PEN Funds in this sector are not 'no risk' funds but to satisfy the sector parameters they must have stability of capital as the principal and overriding objective. Funds must invest 100% of their assets in sterling denominated permitted instruments. Permitted instruments must not have a final maturity greater than 12 months. The investment quality of each of the permitted instruments must be closely matched with the fund s objective of stability of capital. The permitted instruments for this sector are: Current Account Cash Time Deposits (including call accounts) Certificates of Deposit UK Treasury Bills UK Short Gilts Insured funds that track a recognised cash index, such as the Bank of England base interest rate, can be included. EVERY DAY MATTERS.
LEGAL & GENERAL PENSION CASH FUND 30 APRIL 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. Deposit The fund has money on deposit with companies such as banks or other financial institutions. If any of these suffer financial difficulty, they may be unable to pay back some or all of the interest, original amount invested or other payments they owe. If this happens the value of your fund may fall. FUND PERFORMANCE AS AT 30 APRIL 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: after the average annual management charge our customers pay has been taken, currently 0.95%, your charge and therefore your fund performance may be different from this. Please see the Members' Policy Booklet for more information on your charges. assuming all income generated by the investments remains within the fund. Fund ABI sector: ABI UK - Deposit & Treasury-Pen 1 year 3 years 5 years Fund -0.44-0.73-0.44 ABI sector -0.04-0.15-0.02 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 0.00 0.22 0.07-0.29-0.29 ABI sector -0.01 0.13 0.01-0.09-0.04 Performance data source: Lipper. Also: The sector values are based on the selling price of units published by all the funds in that ABI sector. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code GB0030534548 SEDOL code 3053454 MEX code LGCAS ASSET ALLOCATION AND ALL BELOW INFORMATION AS AT 30 APRIL 2015 An overview of the types of investments currently held by the fund. Cash and equivalents 100.00%
LEGAL & GENERAL PENSION CASH FUND 30 APRIL 2015 03 COUNTRY BREAKDOWN The countries in which the fund currently invests. United Kingdom 19.73% United States 18.02% France 15.98% Japan 15.10% Sweden 9.86% United Arab Emirates 5.82% Hong Kong 3.61% Norway 2.92% Australia 2.68% China 2.56% Netherlands 2.33% Qatar 2.33% Singapore 1.86% Unclassified - Cash and Equivalents -2.80% CREDIT RATINGS (SOURCE: STANDARD & POOR'S) The financial strength of the bonds the fund currently invests in. The higher the rating the more likely the bond issuer is to repay the interest or loan. The ratings range from AAA, the highest grade, to C, the lowest grade. AA 23.72% A 79.08% Other -2.80% DAYS TO MATURITY The length of time until the deposits in the fund are due to be repayed. Generally, the longer till the repayment date, the more sensitive the prices of the deposits are to any changes in interest rates. 0-30 39.89% 31-60 30.73% 151-180 9.34% 61-90 8.16% 121-150 5.37% 91-120 5.35% 180+ 1.16% TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % Lloyds Bank Cash and Equivalents 7.57% National Bank of Abu Dhabi Cash and Equivalents 5.82% Skandinavska Enskilda Banken Cash and Equivalents 4.08% SMBC Europe Cash and Equivalents 3.27% Den Norske Bank Cash and Equivalents 2.92% Mizuho Bank Cash and Equivalents 2.74% National Australia Bank Cash and Equivalents 2.68% Citibank Cash and Equivalents 2.68% Crédit Agricole Cash and Equivalents 2.68% Wells Fargo Bank Cash and Equivalents 2.68% Percentage of fund in top 10 37.12%
LEGAL & GENERAL PENSION CASH FUND 30 APRIL 2015 04 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
A MIXED FUND 31 MARCH 2015 01 LEGAL & GENERAL (PMC) CONSENSUS INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 716.1 million Number of holdings 5,483 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NBQQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 5. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. JOANNA BRIGDEN Jo is a Manager, Index Funds and is responsible for client asset allocation implementation, performance measurement and benchmark maintenance. Jo joined LGIM in 2002 after beginning her career with Canada Life in 1997 in the actuarial department. Jo holds a BSc (Hons) in Mathematics from the University of Glasgow, a Diploma in Actuarial Techniques and the Investment Management Certificate. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To maintain an asset distribution close to that of the Combined Actuarial Performance Services (CAPS) Pooled Pension Fund Balanced Funds Survey, excluding property, with the aim of delivering performance close to that of the average UK discretionary pension fund. ABI UK - SPECIALIST-PEN Funds that have an investment universe that is not accommodated by any of the other ABI sectors. As funds in this sector do not meet any pre-set parameters, these should not be compared on a like-for-like basis. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) CONSENSUS INDEX FUND 31 MARCH 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. 12. Currency changes The fund may have investments valued in currencies that are not Sterling (British pounds). if the value of these currencies falls compared to Sterling, this may mean the value of your fund will go down. if arrangements are made to protect the fund against currency movements (known as 'hedging') and the currencies rise compared to Sterling, your fund will not benefit from those gains. 13. Equities The fund invests in equities (company shares). Investments in shares tend to be riskier than for many other types of investment. This is because there s a higher risk of the value of your fund falling, more often and by a larger amount than investments in many other asset types especially in the short term. 29. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 31 MARCH 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund 1 year 3 years 5 years Fund 13.47 36.76 47.27 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 8.33-0.60 14.32 5.43 13.47 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTT32 B3KHTT3 LGCOID
LEGAL & GENERAL (PMC) CONSENSUS INDEX FUND 31 MARCH 2015 03 ASSET ALLOCATION AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 An overview of the types of investments currently held by the fund. International equities 43.61% UK corporate bonds 1.87% UK equities 32.76% Property 1.50% Cash and equivalents 7.24% Investment Trusts 1.32% International bonds 6.47% Managed funds 0.54% UK gilts 4.68% Other 0.01% South and Central America 0.75% Managed funds 0.54% Emerging Europe 0.47% REGIONS BREAKDOWN Where in the world the fund currently invests. UK 39.32% North America 18.22% Developed Europe - excl UK 16.59% Japan 7.38% Middle East and Africa 0.45% Emerging Asia 3.02% Unclassified - Property 1.50% Unclassified - Other 1.44% Unclassified - Cash and Equivalents 7.24% Direct property and REITs 1.50% Australia and New Zealand 1.62% Developed Asia 1.46% United Kingdom 39.32% United States 17.21% COUNTRY BREAKDOWN The countries in which the fund currently invests. Japan 7.38% Netherlands 1.36% Germany 3.22% Spain 1.31% 3.06% Hong Kong 1.10% Unclassified - Other 1.44% Unclassified - Cash and Equivalents 7.24% France Switzerland 2.82% Australia 1.57% Other 11.47% EQUITIES & BONDS SECTOR BREAKDOWN The type of industries and services the fund currently invests. Financials 19.04% Technology 4.64% Consumer goods 11.68% Investment grade corporate bonds 3.60% Telecommunications 3.32% Utilities 2.66% High yield corporate bond 0.04% Government 9.26% Other 8.12% Industrials 9.57% Consumer services 8.58% Health care 7.86% Oil & gas 6.62% Basic materials 5.01% EQUITIES MARKET CAPITALISATION The size of the companies the fund currently invests in. > 50BN 25.60% > 250M and < 1BN 1.46% > 20BN and < 50BN 18.29% > 50M and < 250M 0.19% > 10BN and < 20BN 11.32% Unknown market capital 3.88% > 5BN and < 10BN 8.74% Cash and equivalents > 3BN and < 5BN 5.27% Portfolio debt > 1BN and < 3BN 5.00% 7.24% 13.01% MATURITY BREAKDOWN The length of time until the bonds in the fund are due to be repayed. Generally, the longer till the repayment date, the more sensitive the prices of the bonds are to any changes in interest rates. < 5YR MATURITY 5YR - 10YR MATURITY 10YR - 15YR MATURITY > 15YR MATURITY CASH AND EQUIVALENTS NON BOND INVESTMENTS 3.78% 3.01% 1.57% 4.65% 7.24% 79.75%
LEGAL & GENERAL (PMC) CONSENSUS INDEX FUND 31 MARCH 2015 04 CREDIT RATINGS (SOURCE: BLOOMBERG) The financial strength of the bonds the fund currently invests in. The higher the rating the more likely the bond issuer is to repay the interest or loan. The ratings range from AAA, the highest grade, to C, the lowest grade. AAA 7.50% AA 1.27% A 3.13% BBB 0.98% BB 0.03% NOT RATED 0.09% CASH AND EQUIVALENTS 7.24% NON BOND INVESTMENTS 79.76% TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % HSBC Holdings PLC (UK Reg) Banks 1.81% BP Oil & Gas Producers 1.32% GlaxoSmithKline Pharmaceuticals & Biotechnology 1.24% British American Tobacco Tobacco 1.08% Vodafone Group Mobile Telecommunications 0.97% AstraZeneca Pharmaceuticals & Biotechnology 0.97% Royal Dutch Shell B Oil & Gas Producers 0.86% Diageo Beverages 0.77% Prudential Life Insurance 0.70% Lloyds Banking Group Banks 0.70% Percentage of fund in top 10 10.42%
LEGAL & GENERAL (PMC) CONSENSUS INDEX FUND 31 MARCH 2015 05 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
AN EQUITY FUND 30 APRIL 2015 01 LEGAL & GENERAL (PMC) GLOBAL EMERGING MARKET EQUITY INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 45.3 million Number of holdings 1,496 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NEHQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 5. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. ROBERT DOWLING Robert is a fund manager responsible for the management of a number of international equity index portfolios. He joined the LGIM index funds team in April 2010. Previously, Robert was at State Street Global Advisors (SSgA) where he was a Fund Manager specialising in Pacific and Global Emerging Markets for five years. Prior to managing funds, Robert worked as a Portfolio Analyst at SSgA. He is a CFA Charterholder and a member of the CFA Society of the UK. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To track the sterling total returns of the Standard & Poor's/IFC Investable Composite Global Emerging Markets Index (including re-invested income, less withholding tax) to within +/- 1.5% per annum for two in three years. ABI UK - GLOBAL EMERGING MARKETS EQ-PEN Funds which invest at least 80% of their assets in equities from emerging markets, as defined by the FTSE All World Index, without geographical restriction. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) GLOBAL EMERGING MARKET EQUITY INDEX FUND 30 APRIL 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. Currency changes The fund may have investments valued in currencies that are not Sterling (British pounds). if the value of these currencies falls compared to Sterling, this may mean the value of your fund will go down. if arrangements are made to protect the fund against currency movements (known as 'hedging') and the currencies rise compared to Sterling, your fund will not benefit from those gains. Equities The fund invests in equities (company shares). Investments in shares tend to be riskier than for many other types of investment. This is because there s a higher risk of the value of your fund falling, more often and by a larger amount than investments in many other asset types especially in the short term. Emerging markets The fund invests in countries where investment markets are not as well developed as those in the UK. This means that investments are generally riskier than those in the UK because they: are not as well regulated are more difficult to buy and sell have less reliable arrangements for the safekeeping of investments are more exposed to political uncertainties. The value of the fund may go up and down more often than funds that invest in developed countries, and by larger amounts, particularly in the short term. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 30 APRIL 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - Global Emerging Markets Eq-Pen 1 year 3 years 5 years Fund 19.33 19.26 18.02 ABI sector 16.62 15.44 9.49 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 13.63-8.97 9.77-10.34 14.73 ABI sector 8.09-10.32 8.53-10.73 12.17 Performance data source: Lipper.
LEGAL & GENERAL (PMC) GLOBAL EMERGING MARKET EQUITY INDEX FUND 30 APRIL 2015 03 FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code GB00B3KHTW60 SEDOL code B3KHTW6 MEX code LGGEME REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. Emerging Asia 56.80% South and Central America 12.97% Developed Asia 10.16% Developed Europe - excl UK 0.54% UK 0.09% Managed funds 0.01% Middle East and Africa 8.34% Unclassified - Property 0.72% Emerging Europe 6.38% Unclassified - Other 0.15% North America 3.76% Unclassified - Cash and Equivalents 0.08% COUNTRY BREAKDOWN The countries in which the fund currently invests. South Korea 14.36% Mexico 4.15% Taiwan 12.41% United States 3.76% China 11.20% Russian Federation 3.10% Hong Kong 10.05% Malaysia 2.85% India 9.16% Thailand 2.59% Brazil 6.50% Indonesia South Africa 6.40% Other 2.51% 10.96% EQUITIES SECTOR BREAKDOWN The type of industries and services the fund currently invests. Financials 27.04% Telecommunications 6.20% Consumer goods 15.31% Utilities 3.18% Technology 11.74% Health care 2.90% Industrials 11.41% Alternative trading strategies 0.43% Managed funds 0.01% Other 0.65% Consumer services 7.99% Basic materials 6.65% Oil & gas 6.49% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Hong Kong Dollar 20.53% Mexican Peso 4.20% Won 14.34% Unknown 2.74% New Taiwan Dollar 12.08% Malaysian Ringgit 2.71% US Dollar 8.40% Baht 2.51% Indian Rupee 8.01% Rupiah 2.51% Rand 6.76% Philippine Peso 1.61% Brazilian Real 5.76% Other 7.84% EQUITIES MARKET CAPITALISATION The size of the companies the fund currently invests in. > 50BN 14.10% > 1BN and < 3BN 14.41% > 20BN and < 50BN 12.76% > 250M and < 1BN 5.97% > 10BN and < 20BN 12.95% > 50M and < 250M 0.42% > 5BN and < 10BN 16.02% Unknown market capital 13.01% > 3BN and < 5BN 10.28% Cash and equivalents 0.08%
LEGAL & GENERAL (PMC) GLOBAL EMERGING MARKET EQUITY INDEX FUND 30 APRIL 2015 04 TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % Samsung Electronics Co. Leisure Goods 3.11% Tencent Holdings (P Chip) Software & Computer Services 2.05% Taiwan Semiconductor Manufacturing Technology Hardware & Equipment 1.74% China Mobile (Red Chip) Mobile Telecommunications 1.44% China Construction Bank (H) Banks 1.34% Naspers Ltd. N Media 1.28% Industrial and Commercial Bank of China (H) Banks 1.19% Baidu ADS Software & Computer Services 1.16% America Movil S.A. de C.V. Series L Mobile Telecommunications 0.82% Bank of China (H) Banks 0.77% Percentage of fund in top 10 14.90%
LEGAL & GENERAL (PMC) GLOBAL EMERGING MARKET EQUITY INDEX FUND 30 APRIL 2015 05 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
A BOND FUND 30 APRIL 2015 01 LEGAL & GENERAL (PMC) OVER 15 YEAR GILTS INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 165.7 million Number of holdings 16 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NBRQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 5. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. SEBASTIEN FAUCHER Sebastien has 10 years of experience in the investment industry, having served as portfolio manager in the passive fixed income team at State Street Global Advisors from 2006 to 2008. He also spent 5 years at National Bank of Canada where as a Senior Risk Manager until 2004 and then Arbitrageur until 2006. He received a Master s Degree in Finance from Laval University in 1999. Sebastien earned his CFA designation in 2002. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To track the sterling total returns of the FTSE A Government (Over 15 Year) Index to within +/- 0.25% per annum for two years in three. ABI UK - STERLING LONG BOND-PEN Funds (used in conjunction with pension plans) with a specific objective for the movement in the value of units in the fund to approximate to movements in annuity purchase prices. Funds which invest at least 80% of their assets in sterling-denominated (or hedged back to sterling) long duration (10 years or more) broad investment grade fixed interest securities. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) OVER 15 YEAR GILTS INDEX FUND 30 APRIL 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. Fixed interest securities The fund invests in fixed interest securities usually corporate and government bonds. Investment returns are particularly sensitive to trends in interest rate movements and inflation. Fund values are likely to fall when interest rates rise. Risk of issuer becoming less secure The financial strength of a company or government issuing a fixed interest security determines their ability to make some or all of the payments they are committed to. If their financial strength weakens, the chances of them not making payments increases. This could reduce the value of your fund and the amount of income paid to you. Concentration of investments Most funds have lots of individual investments, so don t rely upon the performance of just a few. The whole of this fund, or a large part of it, has relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 30 APRIL 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - Sterling Long Bond-Pen 1 year 3 years 5 years Fund 20.61 26.90 67.62 ABI sector 17.75 28.20 59.28 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 7.91 23.01 8.30-3.60 27.36 ABI sector 6.32 17.37 9.94-2.21 23.62 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTD71 B3KHTD7 LGOGIN
LEGAL & GENERAL (PMC) OVER 15 YEAR GILTS INDEX FUND 30 APRIL 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. UK 99.71% Unclassified - Cash and Equivalents 0.29% COUNTRY BREAKDOWN The countries in which the fund currently invests. United Kingdom 99.71% Unclassified - Cash and Equivalents 0.29% BONDS SECTOR BREAKDOWN The type of industries and services the fund currently invests. Cash and equivalents 0.29% Government 99.71% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Pound Sterling 99.71% Cash 0.29% MATURITY BREAKDOWN The length of time until the bonds in the fund are due to be repayed. Generally, the longer till the repayment date, the more sensitive the prices of the bonds are to any changes in interest rates. > 15YR MATURITY 99.71% CASH AND EQUIVALENTS 0.29% CREDIT RATINGS (SOURCE: BLOOMBERG) The financial strength of the bonds the fund currently invests in. The higher the rating the more likely the bond issuer is to repay the interest or loan. The ratings range from AAA, the highest grade, to C, the lowest grade. AAA 99.71% CASH AND EQUIVALENTS 0.29%
LEGAL & GENERAL (PMC) OVER 15 YEAR GILTS INDEX FUND 30 APRIL 2015 04 TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % 4¼% Treasury Stock 2032 Bonds 8.67% 4¾% Treasury Gilt 2030 Bonds 8.19% 4 1/2 Treasury 2034 Bonds 7.81% 4½% Treasury Gilt 2042 Bonds 7.30% 4¾% Treasury Stock 2038 Bonds 6.85% 4¼% Treasury Gilt 2055 Bonds 6.84% 4¼% Treasury Stock 2036 Bonds 6.69% 4¼% Treasury Gilt 2040 Bonds 6.37% 3¼% Treasury Gilt 2044 Bonds 6.07% 4% Treasury Gilt 2060 Bonds 5.94% Percentage of fund in top 10 70.73%
LEGAL & GENERAL (PMC) OVER 15 YEAR GILTS INDEX FUND 30 APRIL 2015 05 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION The FTSE-A Government (Over 15 Year) Index is operated by FTSE International Limited in conjunction with Reuters and the Institute of Actuaries and the Faculty of Actuaries. FTSE, Reuters and the Institute of Actuaries and the Faculty of Actuaries accept no liability in connection with the trading of any products on the FTSE-A Government (Over 15 Year) Index. All copyright in the index values and constituent list belongs to FTSE. Legal & General Assurance Society Limited has obtained full licence from FTSE to use such copyright in the creation of this/these product(s). "FTSE ", "FT-SE " and "Footsie " are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ( FTSE ) under licence. Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
A BOND FUND 30 APRIL 2015 01 LEGAL & GENERAL (PMC) OVER 5 YEAR INDEX LINKED GILTS INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 59.6 million Number of holdings 21 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NECQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 5. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. SEBASTIEN FAUCHER Sebastien has 10 years of experience in the investment industry, having served as portfolio manager in the passive fixed income team at State Street Global Advisors from 2006 to 2008. He also spent 5 years at National Bank of Canada where as a Senior Risk Manager until 2004 and then Arbitrageur until 2006. He received a Master s Degree in Finance from Laval University in 1999. Sebastien earned his CFA designation in 2002. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To track the sterling total returns of the FTSE A Index-linked (Over 5 Year) Index (including re-invested income) to within +/- 0.25% per annum for two in three years. ABI UK - UK INDEX-LINKED GILTS-PEN Funds which invest at least 95% of their assets in: UK Government Index Linked securities (Index Linked Gilts), UK Government backed Index Linked securities, or Sterling denominated (or hedged back to Sterling) AAA rated, overseas government backed Index Linked securities. At least 80% of the fund must be invested in UK Index Linked Government securities (Index Linked Gilts). EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) OVER 5 YEAR INDEX LINKED GILTS INDEX FUND 30 APRIL 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. Fixed interest securities The fund invests in fixed interest securities usually corporate and government bonds. Investment returns are particularly sensitive to trends in interest rate movements and inflation. Fund values are likely to fall when interest rates rise. Risk of issuer becoming less secure The financial strength of a company or government issuing a fixed interest security determines their ability to make some or all of the payments they are committed to. If their financial strength weakens, the chances of them not making payments increases. This could reduce the value of your fund and the amount of income paid to you. Concentration of investments Most funds have lots of individual investments, so don t rely upon the performance of just a few. The whole of this fund, or a large part of it, has relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 30 APRIL 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - UK Index-Linked Gilts-Pen 1 year 3 years 5 years Fund 17.16 26.84 65.64 ABI sector 15.44 22.61 55.08 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 7.91 21.24 11.31-4.82 23.39 ABI sector 6.53 18.72 9.62-4.43 19.59 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHT480 B3KHT48 LGOILG
LEGAL & GENERAL (PMC) OVER 5 YEAR INDEX LINKED GILTS INDEX FUND 30 APRIL 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. UK 99.79% Unclassified - Cash and Equivalents 0.21% COUNTRY BREAKDOWN The countries in which the fund currently invests. United Kingdom 99.79% Unclassified - Cash and Equivalents 0.21% BONDS SECTOR BREAKDOWN The type of industries and services the fund currently invests. Bonds 9.13% Cash and equivalents 0.21% Government 90.66% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Pound Sterling 99.79% Cash 0.21% MATURITY BREAKDOWN The length of time until the bonds in the fund are due to be repayed. Generally, the longer till the repayment date, the more sensitive the prices of the bonds are to any changes in interest rates. 5YR - 10YR MATURITY 19.78% 10YR - 15YR MATURITY 9.37% > 15YR MATURITY 70.64% CASH AND EQUIVALENTS 0.21% CREDIT RATINGS (SOURCE: BLOOMBERG) The financial strength of the bonds the fund currently invests in. The higher the rating the more likely the bond issuer is to repay the interest or loan. The ratings range from AAA, the highest grade, to C, the lowest grade. AAA 99.79% CASH AND EQUIVALENTS 0.21%
LEGAL & GENERAL (PMC) OVER 5 YEAR INDEX LINKED GILTS INDEX FUND 30 APRIL 2015 04 TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % 1¼% Index-linked Treasury Gilt 2055 Bonds 6.23% 1 7/8% Index-linked Treasury Gilt 2022 Bonds 5.59% 2½% Index-linked Treasury Stock 2024 Bonds 5.55% 1 1/8% Index-linked Treasury Gilt 2037 Bonds 5.54% 1¼% Index-linked Treasury Gilt 2027 Bonds 5.42% 0 3/8% Index-linked Treasury Gilt 2062 Bonds 5.30% 0¾% Index-linked Treasury Gilt 2047 Bonds 5.24% 0½% Index-linked Treasury Gilt 2050 Bonds 5.13% 0 1/8% Index-linked Treasury Gilt 2044 Bonds 4.92% 0¾% Index-linked Treasury Gilt 2034 Bonds 4.82% Percentage of fund in top 10 53.74%
LEGAL & GENERAL (PMC) OVER 5 YEAR INDEX LINKED GILTS INDEX FUND 30 APRIL 2015 05 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION The FTSE-A Government Index-Linked (Over 5 Year) Index is operated by FTSE International Limited in conjunction with Reuters and the Institute of Actuaries and the Faculty of Actuaries. FTSE, Reuters and the Institute of Actuaries and the Faculty of Actuaries accept no liability in connection with the trading of any products on the FTSE-A Government (Over 15 Year) Index. All copyright in the index values and constituent list belongs to FTSE. Legal & General Assurance Society Limited has obtained full licence from FTSE to use such copyright in the creation of this/these product(s). "FTSE ", "FT-SE " and "Footsie " are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ( FTSE ) under licence. Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
A BOND FUND 31 MARCH 2015 01 LEGAL & GENERAL (PMC) PRE -RETIREMENT FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 177.8 million Number of holdings 1,089 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NENQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 5. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. GRAHAM MOLES Graham was appointed Head of Matching Solutions in March 2015. He has particular expertise in risk management, derivatives, insurance investment and project management. His main focus is on the management of a range of pooled funds and bespoke client portfolios for DB and DC pension scheme clients. Graham joined LGIM in 2007, originally working in the Derivative Trade Support team and moving to the Solutions Group in 2009. He is a graduate of the University of Southampton where he obtained an honours degree in management and accounting. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. The Fund aims to provide diversified exposure to sterling assets that reflect the broad characteristics of investments underlying the pricing of a typical non-inflation linked annuity product. ABI UK - STERLING LONG BOND-PEN Funds (used in conjunction with pension plans) with a specific objective for the movement in the value of units in the fund to approximate to movements in annuity purchase prices. Funds which invest at least 80% of their assets in sterling-denominated (or hedged back to sterling) long duration (10 years or more) broad investment grade fixed interest securities. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) PRE-RETIREMENT FUND 31 MARCH 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. 14. Fixed interest securities The fund invests in fixed interest securities usually corporate and government bonds. Investment returns are particularly sensitive to trends in interest rate movements and inflation. Fund values are likely to fall when interest rates rise. 15. Risk of issuer becoming less secure The financial strength of a company or government issuing a fixed interest security determines their ability to make some or all of the payments they are committed to. If their financial strength weakens, the chances of them not making payments increases. This could reduce the value of your fund and the amount of income paid to you. 20. Concentration of investments Most funds have lots of individual investments, so don t rely upon the performance of just a few. The whole of this fund, or a large part of it, has relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund. 29. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 31 MARCH 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - Sterling Long Bond-Pen 1 year 3 years 5 years Fund 19.42 32.74 61.50 ABI sector 23.62 32.91 65.85 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 6.75 13.97 11.40-0.22 19.42 ABI sector 6.32 17.37 9.94-2.21 23.62 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTB57 B3KHTB5 LGPRET
LEGAL & GENERAL (PMC) PRE-RETIREMENT FUND 31 MARCH 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. UK 68.56% Developed Europe - excl UK 17.76% North America 8.66% South and Central America Australia and New Zealand 1.05% 0.95% Japan 0.57% Developed Asia 0.15% Emerging Asia 0.04% Middle East and Africa 0.02% Unclassified - Other 2.11% Unclassified - Cash and Equivalents 0.13% COUNTRY BREAKDOWN The countries in which the fund currently invests. United Kingdom 68.56% United States 8.58% France 4.99% Netherlands 4.08% Luxembourg 3.09% Germany 1.63% Ireland 1.27% Mexico 1.05% Australia 0.87% Sweden 0.79% Japan 0.57% Norway 0.40% Unclassified - Other 2.11% Other 2.01% BONDS SECTOR BREAKDOWN The type of industries and services the fund currently invests. Investment grade corporate bonds High yield corporate bond 54.37% 0.49% Bonds 0.29% Non-classified 0.04% Cash and equivalents 0.13% Government 44.68% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Pound Sterling 99.81% Cash 0.13% Non-debt 0.04% Rand 0.01% Euro 0.01% MATURITY BREAKDOWN The length of time until the bonds in the fund are due to be repayed. Generally, the longer till the repayment date, the more sensitive the prices of the bonds are to any changes in interest rates. < 5YR MATURITY 9.16% 5YR - 10YR MATURITY 13.49% 10YR - 15YR MATURITY 9.27% > 15YR MATURITY 67.91% CASH AND EQUIVALENTS 0.13% NON BOND INVESTMENTS 0.04% CREDIT RATINGS (SOURCE: BLOOMBERG) The financial strength of the bonds the fund currently invests in. The higher the rating the more likely the bond issuer is to repay the interest or loan. The ratings range from AAA, the highest grade, to C, the lowest grade. AAA 46.57% AA 10.28% A 27.22% BBB 15.04% BB 0.11% NOT RATED 0.61% CASH AND EQUIVALENTS 0.13% NON BOND INVESTMENTS 0.04%
LEGAL & GENERAL (PMC) PRE-RETIREMENT FUND 31 MARCH 2015 04 TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Sector % 4½% Treasury Gilt 2042 Bonds 6.12% 4¾% Treasury Stock 2038 Bonds 2.97% 4¾% Treasury Gilt 2030 Bonds 1.94% 4¼% Treasury Stock 2032 Bonds 1.84% 4 1/2 Treasury 2034 Bonds 1.68% 4¼% Treasury Gilt 2055 Bonds 1.45% 4¼% Treasury Stock 2036 Bonds 1.44% 4¼% Treasury Gilt 2040 Bonds 1.35% 4% Treasury Gilt 2060 Bonds 1.30% 3¼% Treasury Gilt 2044 Bonds 1.29% Percentage of fund in top 10 21.38%
LEGAL & GENERAL (PMC) PRE-RETIREMENT FUND 31 MARCH 2015 05 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
AN EQUITY FUND 30 APRIL 2015 01 LEGAL & GENERAL (PMC) UK EQUITY INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 6.0 million Number of holdings 694 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NBCQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 4. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. JASON FORSTER Jason is a Fund Manager, Index Funds specialising in the Pacific and UK funds from 2002 onwards. Prior to 2002, Jason was primarily responsible for the development of the in-house index fund management system. Before joining LGIM in 1999, Jason worked for Hermes Fund Management and was involved in portfolio performance measurement. Prior to Hermes, Jason worked for FTSE International for over two years as an indices analyst. He began his career in 1992, working for the Financial Times. Jason completed Business Studies at Southampton Higher Institute and is a member of the FTSE EMEA Regional Committee and the LPX Committee. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To track the sterling total returns of the FTSE All-Share Index (including re-invested income). ABI UK - UK ALL COMPANIES-PEN Funds which invest at least 80% of their assets in equities quoted on the UK stock market. Funds have the primary objective of achieving capital growth or total return. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) UK EQUITY INDEX FUND 30 APRIL 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. Equities The fund invests in equities (company shares). Investments in shares tend to be riskier than for many other types of investment. This is because there s a higher risk of the value of your fund falling, more often and by a larger amount than investments in many other asset types especially in the short term. Smaller companies The fund invests in smaller companies. Investments in smaller companies tend to be riskier than investments in larger companies because they can: be harder to buy and sell go up and down in value more often and by larger amounts, especially in the short term. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 30 APRIL 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - UK All Companies-Pen 1 year 3 years 5 years Fund 7.48 37.81 53.35 ABI sector 8.51 44.51 61.07 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 9.73-0.72 18.20 9.54 7.12 ABI sector 11.14 0.48 17.50 13.59 6.13 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTG03 B3KHTG0 LGUEQI
LEGAL & GENERAL (PMC) UK EQUITY INDEX FUND 30 APRIL 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. UK 91.44% Developed Europe - excl UK 1.92% North America 0.03% Developed Asia 0.01% United Kingdom 91.44% Unclassified - Property 2.13% Unclassified - Other 3.72% Unclassified - Cash and Equivalents 0.75% Netherlands 0.09% Canada 0.03% Luxembourg 0.02% COUNTRY BREAKDOWN The countries in which the fund currently invests. Direct property and REITs 2.13% Ireland 0.97% Singapore 0.01% Spain 0.51% Unclassified - Other 3.72% Germany 0.22% Switzerland 0.11% Unclassified - Cash and Equivalents 0.75% EQUITIES SECTOR BREAKDOWN The type of industries and services the fund currently invests. Financials 25.33% Basic materials 6.67% Consumer goods 14.31% Telecommunications 4.83% Consumer services 11.94% Utilities 3.53% Oil & gas 11.75% Technology 1.55% Industrials 10.10% Non-classified 0.42% Health care 8.82% Cash and equivalents 0.75% Cash 0.51% CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. Pound Sterling 97.72% Euro 1.77% EQUITIES MARKET CAPITALISATION The size of the companies the fund currently invests in. > 50BN 33.13% > 250M and < 1BN 3.53% > 20BN and < 50BN 20.97% > 50M and < 250M 0.53% > 10BN and < 20BN 11.72% < 50M 0.01% > 5BN and < 10BN 8.00% Unknown market capital 5.63% > 3BN and < 5BN 7.48% Cash and equivalents 0.75% > 1BN and < 3BN 8.25% TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding HSBC Holdings PLC (UK Reg) BP GlaxoSmithKline British American Tobacco Vodafone Group AstraZeneca Royal Dutch Shell B Diageo Prudential Lloyds Banking Group Sector Banks Oil & Gas Producers Pharmaceuticals & Biotechnology Tobacco Mobile Telecommunications Pharmaceuticals & Biotechnology Oil & Gas Producers Beverages Life Insurance Banks Percentage of fund in top 10 % 5.07% 3.69% 3.48% 3.01% 2.71% 2.70% 2.41% 2.17% 1.97% 1.96% 29.17%
LEGAL & GENERAL (PMC) UK EQUITY INDEX FUND 30 APRIL 2015 04 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION The FTSE All-Share Index is calculated by FTSE International Limited ("FTSE"). FTSE does not sponsor, endorse or promote this product.all copyright in the index values and constituent list belongs to FTSE. Legal & General Assurance Society Limited has obtained full licence from FTSE to use such copyright in the creation of this product. "FTSE ", "FT-SE " and "Footsie " are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ( FTSE ) under licence. "FTSE4Good" is a trade mark of FTSE. Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.
AN EQUITY FUND 31 MARCH 2015 01 LEGAL & GENERAL (PMC) WORLD (EX-UK) EQUITY INDEX FUND. FUND FACTS Product(s) CPS/GAVC Launch date 14 May 2004 Fund size 111.4 million Number of holdings 2,525 Annual Management Charge (AMC) Refer to the CPS or GAVC Key Features documents Performance fee No Legal & General fund code NEDQ USING THIS FUND FACTSHEET When you invest in a pension, your money buys units in one or more funds. These funds pool together money from other investors and a fund manager uses this money to invest in a number of different investments. This Fund Factsheet gives you detailed information about a particular fund to help you decide if it s right for you. It s important that you read this together with all your other plan documents before investing in the fund. If you're not sure what a word in the Fund Factsheet means, please turn to the glossary on page 4. FUND MANAGEMENT COMPANY This is basic background information about the company whose fund manager selects the investments that make up the fund. FUND MANAGER The fund manager is professionally qualified to manage funds. It's their job to seek out the best investment opportunities, based on the fund's aim. They often have access to a team of experts to help them decide where to invest. LEGAL & GENERAL The Legal & General Group, established in 1836, is one of the UK s leading financial services companies. As at 30 June 2011, we were responsible for investing 370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans. JOANNA BRIGDEN Jo is a Manager, Index Funds and is responsible for client asset allocation implementation, performance measurement and benchmark maintenance. Jo joined LGIM in 2002 after beginning her career with Canada Life in 1997 in the actuarial department. Jo holds a BSc (Hons) in Mathematics from the University of Glasgow, a Diploma in Actuarial Techniques and the Investment Management Certificate. FUND AIM This is a general description of what the fund aims to achieve, as stated by the fund management company. For a detailed description of what the fund invests in, please see the fund characteristics on page 2. ABI SECTOR This is the ABI sector the fund falls into. ABI sectors are defined by the Association of British Insurers (ABI). The sectors are a way of grouping funds with similar characteristics, so they're easier to compare. To track the sterling total returns of the FTSE World (excluding UK) Index (including re-invested income, less withholding tax) to within +/- 0.50% per annum for two years in three. ABI UK - GLOBAL EQUITIES-PEN Funds which invest at least 80% of their assets in equities. Funds must be invested in more than one equity region. Not to include funds which would otherwise qualify for the Global Emerging Markets Equity sector. EVERY DAY MATTERS.
LEGAL & GENERAL (PMC) WORLD (EX-UK) EQUITY INDEX FUND 31 MARCH 2015 02 FUND SPECIFIC RISKS Each fund carries some risks specific to the type(s) of assets it invests in. The fund specific risks for this particular fund can be found below. The number is specific to that risk. 12. Currency changes The fund may have investments valued in currencies that are not Sterling (British pounds). if the value of these currencies falls compared to Sterling, this may mean the value of your fund will go down. if arrangements are made to protect the fund against currency movements (known as 'hedging') and the currencies rise compared to Sterling, your fund will not benefit from those gains. 13. Equities The fund invests in equities (company shares). Investments in shares tend to be riskier than for many other types of investment. This is because there s a higher risk of the value of your fund falling, more often and by a larger amount than investments in many other asset types especially in the short term. 29. Delayed repayment This fund is able to delay paying out, which may mean that you have to wait to get your money. A delay may happen when market conditions mean it is difficult for the fund manager to cash in investments to pay out to investors. For example, a fund with investments in commercial properties may find they may take time to sell. Whilst waiting to complete on the sale of properties, the fund manager may suspend making payments to investors who want to cash in. The fund can only delay paying out if it is in the interests of all investors. FUND PERFORMANCE AS AT 31 MARCH 2015 The graph opposite shows how the fund has performed over the last five years (or since the fund launched) compared with the fund's ABI sector average. The first table shows the total percentage change, over one, three and five years. The second table shows performance for 12-month periods over the last five years, to the end of the last quarter. NOTES: Please bear in mind that past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down. You could get less than you invest. The performance provided for the fund: Also: Is after all fund charges have been taken, and assumes all income generated by the investments remains in the fund. The sector values are based on the selling price of units published by all the funds in that ABI sector. The values do not take account of any product charges. You can find more information about our charges in the Members' Policy Booklet. Fund ABI sector: ABI UK - Global Equities-Pen 1 year 3 years 5 years Fund 21.93 53.57 65.56 ABI sector 15.41 42.94 51.57 ANNUAL FUND PERFORMANCE TO LAST QUARTER (%) 12 months to 31 Mar 11 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 Fund 7.40 0.38 17.84 6.88 21.93 ABI sector 7.64-1.48 15.79 6.97 15.41 Performance data source: Lipper. FUND IDENTIFIERS These are unique codes used to identify a fund. You may find these codes useful if you intend to use financial websites to look up this fund. ISIN code SEDOL code MEX code GB00B3KHTM62 B3KHTM6 LGWUEI
LEGAL & GENERAL (PMC) WORLD (EX-UK) EQUITY INDEX FUND 31 MARCH 2015 03 REGIONS BREAKDOWN AND ALL BELOW INFORMATION AS AT 28 FEBRUARY 2015 Where in the world the fund currently invests. North America Developed Europe - excl UK 56.03% 19.32% Japan 9.44% Emerging Asia 3.90% Australia and New Zealand 2.76% Developed Asia 2.02% South and Central America 1.39% Middle East and Africa 1.24% Emerging Europe 0.42% UK 0.37% Managed funds 0.01% Unclassified - Property 2.13% Unclassified - Cash and Equivalents 0.97% COUNTRY BREAKDOWN The countries in which the fund currently invests. United States Japan 52.69% 9.44% Direct property and REITs 2.13% Switzerland 3.83% South Korea 1.67% Germany 3.61% Netherlands 1.54% Ireland 1.50% Taiwan 1.46% France 3.42% Canada 3.35% Australia 2.68% Financials 21.40% Oil & gas 6.38% Consumer goods 13.03% Basic materials 4.94% Industrials 12.66% Telecommunications 3.09% Technology 11.55% Utilities 3.04% Health care 11.51% Consumer services 11.32% Investment grade corporate bonds 0.02% Other 1.06% Spain 1.32% Other 11.36% EQUITIES SECTOR BREAKDOWN The type of industries and services the fund currently invests. CURRENCY BREAKDOWN The currencies in which the fund's investments are priced. US Dollar 56.39% Unknown 1.52% Euro 11.61% New Taiwan Dollar 1.46% Yen 9.41% Hong Kong Dollar 1.35% Swiss Franc 3.62% Swedish Krona 1.01% Canadian Dollar 3.10% Rand 0.95% Australian Dollar 2.78% Cash 0.85% Won 1.67% Other 4.28% EQUITIES MARKET CAPITALISATION The size of the companies the fund currently invests in. > 50BN 35.18% > 1BN and < 3BN 3.58% > 20BN and < 50BN 24.13% > 250M and < 1BN 0.36% > 10BN and < 20BN 15.94% Unknown market capital 2.39% > 5BN and < 10BN 12.74% Cash and equivalents 0.97% > 3BN and < 5BN 4.69% Portfolio debt 0.02% TOP 10 HOLDINGS The highest valued single holdings in the fund. Holding Apple Exxon Mobil Corp. Microsoft Corp. Wells Fargo & Co. Johnson & Johnson General Electric Co. Nestle S.A. Novartis AG JPMorgan Chase & Co. Procter & Gamble Co. Sector Technology Hardware & Equipment Oil & Gas Producers Software & Computer Services Banks Pharmaceuticals & Biotechnology General Industrials Food Producers Pharmaceuticals & Biotechnology Banks Household Goods & Home Construction Percentage of fund in top 10 % 2.12% 1.05% 0.88% 0.82% 0.81% 0.73% 0.71% 0.68% 0.66% 0.65% 9.11%
LEGAL & GENERAL (PMC) WORLD (EX-UK) EQUITY INDEX FUND 31 MARCH 2015 04 GLOSSARY Explanations of some of the words used in this Fund Factsheet. Annual Management Charge This is the charge that covers the costs of managing the fund and is taken out of the your policy on a monthly basis by selling units. Please note, under Stakeholder plans your Total Annual Management Charge will not exceed the Government s maximum permitted charge for Stakeholder pensions at any given time. Please see your Member s policy booklet for more information. Cash and equivalents Fund characteristics Fund size Launch date Legal & General fund code Lipper Performance fee Some funds keep part of your money in cash to add flexibility and aid stability. This includes bank deposits and other investments that can be easily converted into cash. Specific characteristics unique to the type of investments this fund may hold, which may affect your investment return. The total value of all investments held in all Legal & General pension versions of the fund. The date the first Legal & General pension version of the fund opened for new business. Each fund has a unique four digit reference code. You ll need to use this code on your application form when you tell us where you would like to invest. A Thomson Reuters company that supplies fund information, analytical tools, and commentary. We use Lipper to provide past performance data on our fund factsheets. A performance fee is charged to a fund if it performs better than a pre-agreed target. If it applies, your adviser can give you more information or further details are available on request. WHAT TO DO NEXT If you would like to invest in this fund, or have any questions, please speak to your adviser. Remember you should read all your plan documents before investing in the fund. IMPORTANT INFORMATION The FTSE World (excluding UK) Index is calculated by FTSE International Limited ("FTSE"). FTSE does not sponsor, endorse or promote this product. All copyright in the index values and constituent list belongs to FTSE. Legal & General Assurance Soceity Limited has obtained full licence from FTSE to use such copyright in the creation of this product. "FTSE ", "FT-SE " and "Footsie " are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ( FTSE ) under licence. "All-World" is a trade mark of FTSE. Source: Legal & General Group PLC unless otherwise stated. Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. www.legalandgeneral.com Factsheet produced by FundsLibrary.