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.
0800 776 677
How our With-Profits Fund was invested as at 31 December 2022
| Assets | % |
|---|---|
| UK Equities | 6.9% |
| UK Sustainable Equities | 1.5% |
| Global Sustainable Equities | 1.5% |
| US Equities | 6.8% |
| European Equities | 5.3% |
| Japanese Equities | 3.6% |
| Asia Pacific Equities | 4.5% |
| Emerging Markets Equities | 4.0% |
| UK Gilts | 16.3% |
| US Treasuries | 16.3% |
| UK Corporate Bonds | 9.2% |
| High Yield Corporate Bonds | 6.5% |
| Overseas Corporate Bonds | 9.2% |
| Property | 0.1% |
| Dynamic Real Return | 7.1% |
| Cash/Other | 1.2% |
| Assets | % |
|---|---|
| UK Equities | 6.9% |
| UK Sustainable Equities | 1.5% |
| Global Sustainable Equities | 1.5% |
| US Equities | 6.8% |
| European Equities | 5.3% |
| Japanese Equities | 3.6% |
| Asia Pacific Equities | 4.5% |
| Emerging Markets Equities | 4.0% |
| UK Gilts | 16.3% |
| US Treasuries | 16.3% |
| UK Corporate Bonds | 9.2% |
| High Yield Corporate Bonds | 6.5% |
| Overseas Corporate Bonds | 9.2% |
| Property | 0.1% |
| Dynamic Real Return | 7.1% |
| Cash/Other | 1.2% |
How our With-Profits Fund was invested as at 31 December 2003 - 31 December 2022
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 41% | 38% | 38% | 32% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 0% | 1% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 58% | 61% | 60% | 63% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 1% | 1% | 1% | 3% | 4% | 4% | 5% | 5% | 3% | 3% | 4% | 4% | 4% | 7% | 3% | 4% | 2% | 5% | 6% | 3% |
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 41% | 38% | 38% | 32% | 33% | 33% | 32% | 32% | 33% | 35% | 27% | 28% | 26% | 21% | 26% | 31% | 27% | 15% | 10% | 10% |
| Property | 0% | 1% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 3% | 4% | 6% | 7% | 11% | 12% |
| Fixed Interest | 58% | 61% | 60% | 63% | 61% | 61% | 61% | 61% | 62% | 60% | 66% | 65% | 67% | 69% | 68% | 61% | 65% | 73% | 73% | 75% |
| Cash/Other | 1% | 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.