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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 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 
Assets 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 

The spread of investments as at 30 September 2019, in the main With-Profits Fund

Assets %
UK Equities
23.7%
US Equities
8.3%
European Equities
3.5%
Japanese Equities
2.6%
Asia Pacific Equities
2.2%
Emerging Market Equities
3.6%
UK Gilts
22.4%
US Treasuries
1.0%
UK Corporate Bonds
9.9%
Overseas Corporate Bonds  
2.4%
High Yield Corporate Bonds
4.6%
Property
7.0%
Alternative Assets
1.4%
Dynamic Real Return 5.2%
Cash/Other
2.2%
Assets %
UK Equities
23.7%
US Equities
8.3%
European Equities
3.5%
Japanese Equities
2.6%
Asia Pacific Equities
2.2%
Emerging Market Equities
3.6%
UK Gilts
22.4%
US Treasuries
1.0%
UK Corporate Bonds
9.9%
Overseas Corporate Bonds  
2.4%
High Yield Corporate Bonds
4.6%
Property
7.0%
Alternative Assets
1.4%
Dynamic Real Return 5.2%
Cash/Other
2.2%
View table for the target asset mix for each asset type.
Assets Benchmark
UK Equities
17.40%
US Equities
9.80%
European Equities
4.30%
Japanese Equities
2.90%
Asia Pacific Equities
4.00%
Emerging Market Equities
3.10%
UK Gilts
18.70%
US Government Bonds
3.70%
Corporate Bonds (Investment Grade)   
9.00%
Overseas Corporate Bonds
3.70%
High Yield Corporate Bonds
4.00%
Property
9.00%
Alternative Assets
3.00%
Dynamic Real Return 5.00%
Cash/Other
2.40%

The spread of investments for the LV= With-Profits Income Bond as at 30 September 2019

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 30 September 2019

Assets Cautious  Balanced  Growth 
Equities
13.4% 34.5% 82.3%
Fixed Interest (Gilts + Cash)
77.5% 18.2% 1.9%
Corporate Bonds (Investment Grade)
0.0% 7.4% 2.1%
High Yield Corporate Bonds
0.0% 3.4% 1.0%
Property
7.8% 32.8% 7.8%
Dynamic Real Return 1.3% 3.7% 4.9%
Assets Cautious  Balanced  Growth 
Equities
13.4% 34.5% 82.3%
Fixed Interest (Gilts + Cash)
77.5% 18.2% 1.9%
Corporate Bonds (Investment Grade)
0.0% 7.4% 2.1%
High Yield Corporate Bonds
0.0% 3.4% 1.0%
Property
7.8% 32.8% 7.8%
Dynamic Real Return 1.3% 3.7% 4.9%
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 30 September 2019

Assets Cautious  Balanced   Managed Growth 
UK Equities
10.3% 18.0% 25.2%
European Equities
2.2% 3.7% 5.4%
US Equities
5.1% 8.4% 11.4%
Japan Equities
1.6% 2.6% 3.1%
Asia Pacific Equities 2.5% 3.7% 4.7%
Emerging Markets Equities   1.5% 2.6% 3.3%
Property
5.8% 9.1% 10.1%
UK Gilts
20.2% 14.0% 9.5%
UK Corporate Bonds
33.2% 23.3% 15.8%
Dynamic Real Return 2.6% 4.0% 4.1%
High Yield Corporate Bonds  
5.1% 3.7% 2.4%
US Treasuries 1.4% 0.7% 0.2%
Overseas Corporate  Bonds
6.8% 4.8% 3.5%
Cash/Other 1.7% 1.4% 1.3%
Assets Cautious  Balanced   Managed Growth 
UK Equities
10.3% 18.0% 25.2%
European Equities
2.2% 3.7% 5.4%
US Equities
5.1% 8.4% 11.4%
Japan Equities
1.6% 2.6% 3.1%
Asia Pacific Equities 2.5% 3.7% 4.7%
Emerging Markets Equities   1.5% 2.6% 3.3%
Property
5.8% 9.1% 10.1%
UK Gilts
20.2% 14.0% 9.5%
UK Corporate Bonds
33.2% 23.3% 15.8%
Dynamic Real Return 2.6% 4.0% 4.1%
High Yield Corporate Bonds  
5.1% 3.7% 2.4%
US Treasuries 1.4% 0.7% 0.2%
Overseas Corporate  Bonds
6.8% 4.8% 3.5%
Cash/Other 1.7% 1.4% 1.3%
View the target asset mix for each asset type in the three fund options.

Balanced

Assets Benchmark
UK Equities
17.7%
European Equities
3.7%
US Equities
8.3%
Japan Equities
2.0%
Asia Pacific Equities
2.9%
Emerging Markets Equities  
2.6%
Property
9.5%
UK Gilts
15.3%
UK Corporate Bonds
22.7%
Dynamic Real Return
3.9%
High Yield Corporate Bonds  
3.3%
US Treasuries
1.7%
Overseas Corporate  Bonds
4.3%
Cash 2.1%
Where
Total Equities and Property
48.7%

 

Cautious

Assets Benchmark
UK Equities
10.3%
European Equities
2.1%
US Equities
5.0%
Japan Equities
1.1%
Asia Pacific Equities
1.8%
Emerging Markets Equities  
1.5%
Property
6.2%
UK Gilts
21.3%
UK Corporate Bonds
32.7%
Dynamic Real Return
2.6%
High Yield Corporate Bonds  
4.7%
US Treasuries
2.4%
Overseas Corporate  Bonds
6.3%
Cash 2.0%
Where
Total Equities and Property
29.3%

 

Growth

Assets Benchmark
UK Equities
24.7%
European Equities
5.3%
US Equities
11.3%
Japan Equities
2.4%
Asia Pacific Equities
3.9%
Emerging Markets Equities  
3.4%
Property
10.6%
UK Gilts
10.8%
UK Corporate Bonds
15.3%
Dynamic Real Return
4.1%
High Yield Corporate Bonds  
2.0%
US Treasuries
1.2%
Overseas Corporate  Bonds
3.0%
Cash 2.0%
Where
Total Equities and Property
63.6%