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DATA TO 31 MARCH 2016 MEMBER COMMUNICATION INDEX EQUITY Global Real Estate Equity Index Fund (charges included) Available via defined contribution pension schemes WHY LEGAL & GENERAL INVESTMENT MANAGEMENT FUND FACTS Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. Fund Aim The investment objective of the Fund is to track the performance of the FTSE EPRA/NAREIT Developed Real Estate Index (less withholding tax if applicable) to within +/-1.0% p.a. for two years out of three. Fund Size £1,583m FUND PERFORMANCE Launch Date May 2013 Cumulative Performance (%) - Since Launch Fund Type 30 Unit linked life insurance Benchmark 20 FTSE EPRA/NAREIT Developed Real Estate Index 10 Base Currency GBP 0 -10 Mar 14 Mar 15 Mar 16 INDEX FUND MANAGEMENT TEAM Fund Performance to Date (%) 3 Months 6 Months 1 Year 3 Years p.a. Since Launch p.a. Fund 8.09 15.91 4.36 - 6.49 Benchmark 8.10 15.98 4.54 - 6.66 -0.01 -0.07 -0.18 - -0.17 Relative FUND MANAGER Performance 12 Months Ending 31 Mar 12 31 Mar 13 31 Mar 14 31 Mar 15 31 Mar 16 Fund - - - 30.05 4.36 Benchmark - - - 30.26 4.54 Relative - - - -0.21 -0.18 Returns are calculated on the basis of closing mid-market prices. Fund performance is shown after the deduction of our standard investment management fees, which may or may not be the same for your scheme. Please refer to your scheme literature, or to your scheme administrator, for the fee rate that applies to your scheme. Past performance is not a guide to future performance and the value of investments can go down as well as up. Exchange rate variations can cause the value of overseas investments to increase or decrease. For overseas markets the figures are sterling adjusted. The Index Fund Management team comprises 19 fund managers, supported by four fund management assistants. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which eight years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns. DATA TO 31 MARCH 2016 GLOBAL REAL ESTATE EQUITY INDEX FUND (CHARGES INCLUDED) ASSET ALLOCATION Country Breakdown (%) United States Japan Hong Kong Australia United Kingdom Germany Canada Netherlands Singapore France Other Sector Breakdown (%) 53.5 11.3 7.2 6.1 5.5 3.3 2.8 2.4 2.0 1.7 4.2 Financials 100.0 IMPORTANT INFORMATION This document should not be taken as an invitation to deal in Legal & General investments or any of the stated stock markets. Legal & General Assurance (Pensions Management) Limited ("PMC") is a life insurance company and manages this investment using a policy notional divided into a number of PF sections ("the funds"). Legal & General Investment Management Limited provides investment and marketing services to PMC. Legal & General Assurance (Pensions Management) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Legal and General Investment Management Limited is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management One Coleman Street, London EC2R 5AA Ref: Internal Fund Code APAG