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 several 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 2022
| Assets | % |
|---|---|
| UK Equities | 6.5% |
| UK Sustainable Equities | 1.5% |
| Global Sustainable Equities | 1.4% |
| US Equities | 6.9% |
| European Equities | 5.2% |
| Japanese Equities | 3.9% |
| Asia Pacific Equities | 4.3% |
| Emerging Markets Equities | 3.7% |
| UK Gilts | 15.1% |
| US Treasuries | 15.7% |
| UK Corporate Bonds | 9.3% |
| High Yield Corporate Bonds | 6.5% |
| Overseas Corporate Bonds | 9.4% |
| Property | 0.1% |
| Dynamic Real Return | 7.4% |
| Cash/Other | 3.1% |
| Assets | % |
|---|---|
| UK Equities | 6.5% |
| UK Sustainable Equities | 1.5% |
| Global Sustainable Equities | 1.4% |
| US Equities | 6.9% |
| European Equities | 5.2% |
| Japanese Equities | 3.9% |
| Asia Pacific Equities | 4.3% |
| Emerging Markets Equities | 3.7% |
| UK Gilts | 15.1% |
| US Treasuries | 15.7% |
| UK Corporate Bonds | 9.3% |
| High Yield Corporate Bonds | 6.5% |
| Overseas Corporate Bonds | 9.4% |
| Property | 0.1% |
| Dynamic Real Return | 7.4% |
| Cash/Other | 3.1% |
How our With-Profits Fund was invested as at 31 December 2003 - 31 December 2021
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 38% | 38% | 32% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 1% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 61% | 60% | 63% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 1% | 1% | 3% | 4% | 4% | 5% | 5% | 3% | 3% | 4% | 4% | 4% | 7% | 3% | 4% | 2% | 5% | 6% | 3% |
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 38% | 38% | 32% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 1% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 61% | 60% | 63% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 1% | 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.
| Assets | Benchmark |
|---|---|
| UK Equities | 6.50% |
| UK Sustainable Equities | 1.50% |
| Global Sustainable Equities | 1.50% |
| US Equities | 6.50% |
| European Equities |
5.50% |
| Japanese Equities |
3.50% |
| Asia Pacific Equities |
4.00% |
| Emerging Markets Equities |
4.00% |
| UK Gilts |
16.00% |
| US Treasuries |
16.00% |
| UK Corporate Bonds | 9.00% |
| High Yield Corporate Bonds | 6.50% |
| Overseas Corporate Bonds |
9.00% |
| Dynamic Real Return |
7.50% |
| Cash/Other |
3.00% |
| Where | |
| Equity Backing Ratio (EBR) | 36.75% |
*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.