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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 2021

Assets %
UK Equities 7.2%
UK Sustainable Equities 1.0%
Global Sustainable Equities 1.0%
US Equities 7.5%
European Equities 3.2%
Japanese Equities 3.7%
Asia Pacific Equities 3.5%
Emerging Markets Equities 3.0%
UK Gilts 24.5%
US Treasuries 7.8%
UK Corporate Bonds 12.3%
High Yield Corporate Bonds 6.8%
Overseas Corporate Bonds 9.4% 
Property 1.0%
Dynamic Real Return 6.9%
Cash/Other 1.0%
Assets %
UK Equities 7.2%
UK Sustainable Equities 1.0%
Global Sustainable Equities 1.0%
US Equities 7.5%
European Equities 3.2%
Japanese Equities 3.7%
Asia Pacific Equities 3.5%
Emerging Markets Equities 3.0%
UK Gilts 24.5%
US Treasuries 7.8%
UK Corporate Bonds 12.3%
High Yield Corporate Bonds 6.8%
Overseas Corporate Bonds 9.4% 
Property 1.0%
Dynamic Real Return 6.9%
Cash/Other 1.0%

How our with-profits fund was invested as at 31 December 2003 - 31 December 2020

Assets 2020  2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 38% 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% 2% 3%  3%  3%  3%  3%  4%  6%  7%  11% 12% 
Fixed Interest 60%  63% 61%  61% 61%  61%  62%  60%  66%  65%  67%  69%  68%  61%  65%  73%  73%  75% 
Cash/Other 1%  3% 4%  4% 5%  5%  3%  3%  4%  4%  4%  7%  3%  4%  2%  5%  6%  3% 
Assets 2020  2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 38% 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% 2% 3%  3%  3%  3%  3%  4%  6%  7%  11% 12% 
Fixed Interest 60%  63% 61%  61% 61%  61%  62%  60%  66%  65%  67%  69%  68%  61%  65%  73%  73%  75% 
Cash/Other 1%  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.

Please refer to your policy documentation and 'Your guide to how we manage our with profits fund' for more information.