Desktop with pens laptop and mug

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%