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Asset Allocation - With-Profits Fund

Asset allocation (spread of investment)

The spread of investments in the main Liverpool Victoria Financial Services Limited 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 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 52% 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 7% 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 40% 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 1% 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 
Assets 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 52% 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 7% 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 40% 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 1% 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 

The spread of investments as at 31 March 2020, in the main With-Profits Fund

Assets %
UK Equities
12.1%
US Equities
12.0%
European Equities
4.8%
Japanese Equities
5.6%
Asia Pacific Equities
5.9%
Emerging Market Equities
4.3%
UK Gilts
12.8%
US Treasuries
4.0%
UK Corporate Bonds
10.4%
Overseas Corporate Bonds  
8.2%
High Yield Corporate Bonds
5.1%
Property
7.5%
Alternative Assets
1.5%
Dynamic Real Return 5.1%
Cash/Other
0.7%
Assets %
UK Equities
12.1%
US Equities
12.0%
European Equities
4.8%
Japanese Equities
5.6%
Asia Pacific Equities
5.9%
Emerging Market Equities
4.3%
UK Gilts
12.8%
US Treasuries
4.0%
UK Corporate Bonds
10.4%
Overseas Corporate Bonds  
8.2%
High Yield Corporate Bonds
5.1%
Property
7.5%
Alternative Assets
1.5%
Dynamic Real Return 5.1%
Cash/Other
0.7%
View table for the target asset mix for each asset type.
Assets Benchmark
UK Equities
11.50%
US Equities
11.50%
European Equities
4.60%
Japanese Equities
4.60%
Asia Pacific Equities
4.60%
Emerging Market Equities
4.60%
UK Gilts
13.80%
US Government Bonds
4.60%
Corporate Bonds (Investment Grade)   
9.20%
Overseas Corporate Bonds
6.90%
High Yield Corporate Bonds
4.60%
Property
9.00%
Alternative Assets
3.00%
Dynamic Real Return 5.00%
Cash/Other
2.50%

The spread of investments for the LV= With-Profits Income Bond as at 31 March 2020

Assets %
UK Equities
24.3%
Overseas Equities 5.7%
Corporate Bonds (Investment Grade)   
25.0%
High Yield Corporate Bonds
5.0%
Property
40.0%
Assets %
UK Equities
24.3%
Overseas Equities 5.7%
Corporate Bonds (Investment Grade)   
25.0%
High Yield Corporate Bonds
5.0%
Property
40.0%

The spread of investments for the LV= All-In-1 Investment Bond as at 31 March 2020

Assets Cautious  Balanced  Growth 
Equities
8.9% 31.2% 80.0%
Fixed Interest (Gilts + Cash)
80.0% 20.7% 3.4%
Corporate Bonds (Investment Grade)
0.0% 6.4% 1.1%
High Yield Corporate Bonds
0.0% 2.9% 0.5%
Property
10.0% 35.0%

10.0%

Dynamic Real Return 1.1% 3.8% 5.0%
Assets Cautious  Balanced  Growth 
Equities
8.9% 31.2% 80.0%
Fixed Interest (Gilts + Cash)
80.0% 20.7% 3.4%
Corporate Bonds (Investment Grade)
0.0% 6.4% 1.1%
High Yield Corporate Bonds
0.0% 2.9% 0.5%
Property
10.0% 35.0%

10.0%

Dynamic Real Return 1.1% 3.8% 5.0%
View the target asset mix for each asset type in the three fund options.

Balanced Fund

Assets Benchmark
Equities
31.20%
Fixed Interest (Gilts + Cash)
20.70%
Corporate Bonds
(Investment Grade)
6.40%
Corporate Bonds (High Yield)
2.90%
Property
35.00%
Dynamic Real Return 3.80%

Cautious Fund

Assets Benchmark
Equities
8.90%
Fixed Interest (Gilts + Cash)
80.00%
Corporate Bonds
(Investment Grade)
0.00%
Corporate Bonds (High Yield)
0.00%
Property
10.00%
Dynamic Real Return 1.10%

Growth Fund

Assets Benchmark
Equities
80.00%
Fixed Interest (Gilts + Cash)
3.40%
Corporate Bonds
(Investment Grade)
1.10%
Corporate Bonds (High Yield)
0.50%
Property
10.00%
Dynamic Real Return 5.00%

The spread of investments for the LV= Flexible Guarantee Funds as at 31 March 2020

Assets Cautious  Balanced   Managed Growth 
UK Equities
7.0% 11.2% 14.6%
European Equities
3.2% 5.6% 7.2%
US Equities
7.1% 11.2% 14.2%
Japan Equities
2.7% 4.4% 4.9%
Asia Pacific Equities 3.7% 6.0% 7.5%
Emerging Markets Equities   2.8% 4.9% 6.5%
Property
3.3% 5.6% 7.8%
UK Gilts
12.9% 8.8% 5.0%
UK Corporate Bonds
19.3% 13.4% 9.2%
Dynamic Real Return 3.0% 5.0% 7.0%
High Yield Corporate Bonds  
6.9% 5.3% 3.3%
US Treasuries 6.5% 4.0% 2.6%
Overseas Corporate  Bonds
19.8% 14.0% 9.6%
Cash/Other 1.8% 0.6% 0.6%
Assets Cautious  Balanced   Managed Growth 
UK Equities
7.0% 11.2% 14.6%
European Equities
3.2% 5.6% 7.2%
US Equities
7.1% 11.2% 14.2%
Japan Equities
2.7% 4.4% 4.9%
Asia Pacific Equities 3.7% 6.0% 7.5%
Emerging Markets Equities   2.8% 4.9% 6.5%
Property
3.3% 5.6% 7.8%
UK Gilts
12.9% 8.8% 5.0%
UK Corporate Bonds
19.3% 13.4% 9.2%
Dynamic Real Return 3.0% 5.0% 7.0%
High Yield Corporate Bonds  
6.9% 5.3% 3.3%
US Treasuries 6.5% 4.0% 2.6%
Overseas Corporate  Bonds
19.8% 14.0% 9.6%
Cash/Other 1.8% 0.6% 0.6%
View the target asset mix for each asset type in the three fund options.

Balanced

Assets Benchmark
UK Equities
11.00%
European Equities
5.50%
US Equities
11.00%
Japan Equities
3.50%
Asia Pacific Equities
5.50%
Emerging Markets Equities  
5.50%
Property
5.00%
UK Gilts
10.00%
UK Corporate Bonds
13.00%
Dynamic Real Return
5.00%
High Yield Corporate Bonds  
5.00%
US Treasuries
5.00%
Overseas Corporate  Bonds
13.00%
Cash 2.00%
Where
Total Equities and Property
47.00%

 

Cautious

Assets Benchmark
UK Equities
7.00%
European Equities
3.25%
US Equities
7.00%
Japan Equities
2.00%
Asia Pacific Equities
3.25%
Emerging Markets Equities  
3.25%
Property
3.00%
UK Gilts
14.00%
UK Corporate Bonds
19.00%
Dynamic Real Return
3.00%
High Yield Corporate Bonds  
7.00%
US Treasuries
7.25%
Overseas Corporate  Bonds
19.00%
Cash 2.00%
Where
Total Equities and Property
28.75%

 

Growth

Assets Benchmark
UK Equities 14.00%
European Equities
7.00%
US Equities
14.00%
Japan Equities
4.00%
Asia Pacific Equities
7.00%
Emerging Markets Equities  
7.00%
Property
7.00%
UK Gilts
6.50%
UK Corporate Bonds
9.00%
Dynamic Real Return
7.00%
High Yield Corporate Bonds  
3.00%
US Treasuries
3.50%
Overseas Corporate Bonds
9.00%
Cash 2.00%
Where
Total Equities and Property
60.00%