Asset Allocation - With-Profits Fund
Asset allocation (spread of investment)
The spread of investments in the main Liverpool Victoria Friendly Society with-profits fund
We want to make it transparent to our policyholders about where their money is being invested. This page looks at the spread of investment and the breakdown of the share of our with-profits fund. It also shows the target asset mix and the permitted range for each asset type
| Assets | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 50% | 50% | 48% | 50% | 51% | 49% | 49% | 56% | 59% | 56% | 60% | 62% | 65% | 62% | 62% |
| Property | 9% | 9% | 11% | 9% | 8% | 8% | 8% | 13% | 15% | 16% | 15% | 15% | 15% | 15% | 15% |
| Fixed Interest | 37% | 37% | 38% | 40% | 39% | 41% | 40% | 30% | 22% | 25% | 20% | 18% | 17% | 18% | 20% |
| Cash/Other | 4% | 4% | 3% | 1% | 2% | 2% | 3% | 1% | 4% | 3% | 5% | 5% | 3% | 5% | 3% |
| Assets | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equities | 50% | 50% | 48% | 50% | 51% | 49% | 49% | 56% | 59% | 56% | 60% | 62% | 65% | 62% | 62% |
| Property | 9% | 9% | 11% | 9% | 8% | 8% | 8% | 13% | 15% | 16% | 15% | 15% | 15% | 15% | 15% |
| Fixed Interest | 37% | 37% | 38% | 40% | 39% | 41% | 40% | 30% | 22% | 25% | 20% | 18% | 17% | 18% | 20% |
| Cash/Other | 4% | 4% | 3% | 1% | 2% | 2% | 3% | 1% | 4% | 3% | 5% | 5% | 3% | 5% | 3% |
The spread of investments as at 30 June 2018, in the main With-Profits Fund
| Assets | % |
|---|---|
| UK Equities |
28.6% |
| US Equities |
6.9% |
| European Equities |
3.0% |
| Japanese Equities |
1.9% |
| Asia Pacific Equities |
1.2% |
| Emerging Market Equities |
1.9% |
| UK Gilts |
25.0% |
| Corporate Bonds (Investment Grade) |
7.8% |
| Corporate Bonds (High Yield) |
4.3% |
| Property |
8.3% |
| Alternative Assets |
2.1% |
| Dynamic Real Return | 5.0% |
| Cash/Other |
4.0% |
| Assets | % |
|---|---|
| UK Equities |
28.6% |
| US Equities |
6.9% |
| European Equities |
3.0% |
| Japanese Equities |
1.9% |
| Asia Pacific Equities |
1.2% |
| Emerging Market Equities |
1.9% |
| UK Gilts |
25.0% |
| Corporate Bonds (Investment Grade) |
7.8% |
| Corporate Bonds (High Yield) |
4.3% |
| Property |
8.3% |
| Alternative Assets |
2.1% |
| Dynamic Real Return | 5.0% |
| Cash/Other |
4.0% |
View table for the target asset mix and the permitted range for each asset type.
| Assets | Benchmark | Permitted range |
|---|---|---|
| UK Equities |
28.00% | 25.00% to 30.00% |
| US Equities |
7.00% | 4.50% to 8.50% |
| European Equities |
2.50% | 0.00% to 3.00% |
| Japanese Equities |
1.00% | 0.00% to 2.00% |
| Asia Pacific Equities |
0.75% | 0.00% to 1.25% |
| Emerging Market Equities |
1.75% | 0.00% to 2.50% |
| UK Gilts |
26.00% | 10.00% to 40.00% |
| Corporate Bonds (Investment Grade) |
9.00% | 0.00% to 12.00% |
| Corporate Bonds (High yield) |
4.00% | 3.50% to 4.50% |
| Property |
9.00% | N/A |
| Alternative Assets |
3.00% | N/A |
| Dynamic Real Return | 5.00% | 4.90% to 5.10% |
| Cash/Other |
3.00% | 0.50% to 20.00% |
| Where | ||
| Total Equities, Property and Alternative Assets |
58.00% | 50.00% to 60.00% |
The spread of investments for the LV= With-Profits Income Bond as at 30 June 2018
| Assets | % |
|---|---|
| UK Equities |
24.3% |
| Overseas Equities | 5.7% |
| Corporate Bonds (Investment Grade) |
25.0% |
| Corporate Bonds (High yield) |
5.0% |
| Property |
40.0% |
| Assets | % |
|---|---|
| UK Equities |
24.3% |
| Overseas Equities | 5.7% |
| Corporate Bonds (Investment Grade) |
25.0% |
| Corporate Bonds (High yield) |
5.0% |
| Property |
40.0% |
The spread of investments for the LV= All-In-1 Investment Bond as at 30 June 2018
| Assets | Balanced | Cautious | Growth |
|---|---|---|---|
| Equities |
33.0% | 10.2% | 80.3% |
| Fixed Interest (Gilts + Cash) |
21.5% | 80.0% | 4.2% |
| Corporate Bonds (Investment Grade) |
4.7% | 0.0% | 0.1% |
| Corporate Bonds (High Yield) |
3.2% | 0.0% | 0.8% |
| Property |
34.0% | 9.0% | 9.8% |
| Dynamic Real Return | 3.6% | 0.8% | 4.8% |
| Assets | Balanced | Cautious | Growth |
|---|---|---|---|
| Equities |
33.0% | 10.2% | 80.3% |
| Fixed Interest (Gilts + Cash) |
21.5% | 80.0% | 4.2% |
| Corporate Bonds (Investment Grade) |
4.7% | 0.0% | 0.1% |
| Corporate Bonds (High Yield) |
3.2% | 0.0% | 0.8% |
| Property |
34.0% | 9.0% | 9.8% |
| Dynamic Real Return | 3.6% | 0.8% | 4.8% |
View the target asset mix and the permitted range for each asset type in the three fund options.
Balanced Fund
| Assets | Benchmark | Permitted Range |
|---|---|---|
| Equities |
33.20% | 20.00% to 45.00% |
| Fixed Interest (Gilts + Cash) |
20.45% | 10.70% to 40.00% |
| Corporate Bonds (Investment Grade) |
5.15% | 0.00% to 20.00% |
| Corporate Bonds (High Yield) |
3.15% | 0.00% to 20.00% |
| Property |
34.25% | 25.00% to 45.00% |
| Dynamic Real Return | 3.80% | 0.00% to 5.00% |
Cautious Fund
| Assets | Benchmark | Permitted Range |
|---|---|---|
| Equities |
10.65% | 0.00% to 20.00% |
| Fixed Interest (Gilts + Cash) |
79.25% | 60.00% to 100.00% |
| Corporate Bonds (Investment Grade) |
0.00% | 0.00% to 00.00% |
| Corporate Bonds (High Yield) |
0.00% | 0.00% to 00.00% |
| Property |
9.00% | 0.00% to 20.00% |
| Dynamic Real Return | 1.10% | 0.00% to 5.00% |
Growth Fund
| Assets | Benchmark | Permitted Range |
|---|---|---|
| Equities |
80.75% | 55.00% to 90.00% |
| Fixed Interest (Gilts + Cash) |
3.40% | 0.00% to 20.00% |
| Corporate Bonds (Investment Grade) |
0.85% | 0.00% to 20.00% |
| Corporate Bonds (High Yield) |
0.75% | 0.00% to 20.00% |
| Property |
9.25% | 0.00% to 20.00% |
| Dynamic Real Return | 5.00% | 0.00% to 5.00% |
The spread of investments for the LV= Flexible Guarantee Funds as at 30 June 2018
| Assets | Balanced Series 2 | Cautious Series 2 | Managed Growth |
|---|---|---|---|
| UK Equities |
21.3% | 12.0% | 30.8% |
| Overseas Equities |
16.9% | 10.8% | 22.9% |
| Property |
15.0% | 10.4% | 15.0% |
| UK Gilts |
17.4% | 25.4% | 11.5% |
| UK Corporate Bonds |
27.3% | 39.2% | 18.3% |
| Cash/Other | 2.1% | 2.2% | 1.5% |
| Assets | Balanced Series 2 | Cautious Series 2 | Managed Growth |
|---|---|---|---|
| UK Equities |
21.3% | 12.0% | 30.8% |
| Overseas Equities |
16.9% | 10.8% | 22.9% |
| Property |
15.0% | 10.4% | 15.0% |
| UK Gilts |
17.4% | 25.4% | 11.5% |
| UK Corporate Bonds |
27.3% | 39.2% | 18.3% |
| Cash/Other | 2.1% | 2.2% | 1.5% |
View the target asset mix and the permitted range for each asset type in the three fund options.
Balanced Series 2
| Assets | Benchmark | Permitted Range |
|---|---|---|
| UK Equities |
21.0% | 17.0% to 23.0% |
| Overseas Equities |
14.0% | 4% to 23% |
| Property |
15.0% | 10.0% to 18.0% |
| UK Gilts |
19.0% | 10.0% to 50.0% |
| UK Corporate Bonds |
29.0% | 0.0% to 32.0% |
| Cash/Other | 2.0% | 0.5% to 10.0% |
| Where | ||
| Total Equities and Property |
50.0% |
35.0% to 55.0% |
Cautious Series 2
| Assets | Benchmark | Permitted Range |
|---|---|---|
| UK Equities |
12.0% | 8.0% to 16.0% |
| Overseas Equities |
8.0% | 2.0% to 14.5% |
| Property |
10.0% | 5.0% to 14.0% |
| UK Gilts |
27.0% | 10.0% to 60.0% |
| UK Corporate Bonds |
41.0% | 0.0% to 45.0% |
| Cash/Other | 2.0% | 0.5% to 10.0% |
| Where | ||
| Total Equities and Property |
30.0% |
15.0% to 35.0% |
Managed Growth Series 2
| Assets | Benchmark | Permitted Range |
|---|---|---|
| UK Equities |
30.0% | 26.0% to 33.0% |
| Overseas Equities |
20.0% | 7.0% to 30.0% |
| Property |
15.0% | 10.0% to 18.0% |
| UK Gilts |
13.0% | 8.0% to 38.0% |
| UK Corporate Bonds |
20.0% | 0.0% to 24.0% |
| Cash/Other | 2.0% | 0.5% to 10.0% |
| Where | ||
| Total Equities and Property |
65.0% |
50.0% to 70.0% |