RNPFN With-Profits Fund - Asset Allocation
RNPFN With-Profits Fund - Asset Allocation
The tables below show how the with-profits fund was invested recently and also at the end of each of the last 15 years. They also show the target asset mix and the permitted range for each asset type.
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How our with-profits fund was invested as at 31 March 2019
| Assets | % |
|---|---|
| UK Equities | 17.4% |
| US Equities | 2.2% |
| European Equities | 2.5% |
| Japanese Equities | 2.5% |
| Asia Pacific Equities | 2.5% |
| Emerging Markets Equities | 1.1% |
| UK Gilts | 35.3% |
| UK Corporate Bonds | 21.4% |
| UK Corporate Bonds (High Yield) | 5.4% |
| Property | 2.3% |
| Dynamic Real Return | 4.9% |
| Cash/Other | 2.5% |
| Assets | % |
|---|---|
| UK Equities | 17.4% |
| US Equities | 2.2% |
| European Equities | 2.5% |
| Japanese Equities | 2.5% |
| Asia Pacific Equities | 2.5% |
| Emerging Markets Equities | 1.1% |
| UK Gilts | 35.3% |
| UK Corporate Bonds | 21.4% |
| UK Corporate Bonds (High Yield) | 5.4% |
| Property | 2.3% |
| Dynamic Real Return | 4.9% |
| Cash/Other | 2.5% |
How our with-profits fund was invested as at 31 December 2003 - 2019
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 33% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 62% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 3% | 4% | 4% | 5% | 5% | 3% | 3% | 4% | 4% | 4% | 7% | 3% | 4% | 2% | 5% | 6% | 3% |
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 33% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 62% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 3% | 4% | 4% | 5% | 5% | 3% | 3% | 4% | 4% | 4% | 7% | 3% | 4% | 2% | 5% | 6% | 3% |
View table showing the target asset mix and the permitted range for each asset type.
| Assets | Benchmark | Permitted Range |
|---|---|---|
| UK Equities | 17.50% | 15.00% to 22.00% |
| US Equities |
2.50% |
0.00% to 5.00% |
| European Equities |
1.75% |
0.00% to 4.00% |
| Japanese Equities |
1.50% |
0.00% to 3.00% |
| Asia Pacific Equities |
1.50% |
0.00% to 3.00% |
| Emerging Markets Equities |
1.25% |
0.00% to 3.00% |
| UK Gilts |
38.50% |
20.00% to 45.00% |
| UK Corporate Bonds |
21.50% |
0.00% to 35.00% |
| UK Corporate Bonds (High Yield) |
5.00% |
0.00% to 7.00% |
| Property |
0.00% |
N/A |
| Dynamic Real Return |
5.00% |
4.80% to 5.20% |
| Cash/Other |
4.00% |
0.50% to 10.00% |
| Where |
||
| Total Equities |
31.00% |
26.50% to 35.50% |
Please refer to your policy documentation and 'Your guide to how we manage our with profits fund' for more information.