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 17 years. They also show the target asset mix for each asset type.
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How our with-profits fund was invested as at 30 September 2020
| Assets | % |
|---|---|
| UK Equities | 7.2% |
| US Equities | 8.8% |
| European Equities | 3.3% |
| Japanese Equities | 3.5% |
| Asia Pacific Equities | 3.9% |
| Emerging Markets Equities | 3.0% |
| UK Gilts | 24.7% |
| US Government Bonds | 7.5% |
| UK Corporate Bonds | 12.6% |
| High Yield Corporate Bonds | 6.6% |
| Overseas Corporate | 9.7% |
| Property | 1.7% |
| Dynamic Real Return | 6.9% |
| Cash/Other | 0.6% |
| Assets | % |
|---|---|
| UK Equities | 7.2% |
| US Equities | 8.8% |
| European Equities | 3.3% |
| Japanese Equities | 3.5% |
| Asia Pacific Equities | 3.9% |
| Emerging Markets Equities | 3.0% |
| UK Gilts | 24.7% |
| US Government Bonds | 7.5% |
| UK Corporate Bonds | 12.6% |
| High Yield Corporate Bonds | 6.6% |
| Overseas Corporate | 9.7% |
| Property | 1.7% |
| Dynamic Real Return | 6.9% |
| Cash/Other | 0.6% |
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 | 32% | 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 | 63% | 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 | 32% | 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 | 63% | 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 for each asset type.
| Assets | Benchmark |
|---|---|
| UK Equities | 8.00% |
| US Equities |
8.00% |
| European Equities |
3.00% |
| Japanese Equities |
3.00% |
| Asia Pacific Equities |
3.00% |
| Emerging Markets Equities |
3.00% |
| UK Gilts |
27.00% |
| US Treasuries |
9.00% |
| UK Corporate Bonds | 12.00% |
| High Yield Corporate Bonds | 6.00% |
| Overseas Corporate Bonds |
9.00% |
| Dynamic Real Return |
7.00% |
| Cash/Other |
2.00% |
| Where |
|
| Equity Backing Ratio (EBR) | 31.50% |
*EBR includes DRR at 50%
Please refer to your policy documentation and 'Your guide to how we manage our with profits fund' for more information.