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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 2020  2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 52% 52% 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 7% 7% 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 40% 40% 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 1% 1% 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 
Assets 2020  2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Equities 52% 52% 51%  50% 50% 48%  50%  51%  49%  49%  56%  59%  56%  60%  62%  65%  62%  62% 
Property 7% 7% 8%  9% 9% 11% 9% 8% 8%  8%  13%  15%  16%  15%  15%  15%  15% 15% 
Fixed Interest 40% 40% 38%  37% 37%  38%  40%  39%  41%  40%  30%  22%  25%  20%  18%  17%  18%  20% 
Cash/Other 1% 1% 4%  4% 4%  3%  1%  2%  2%  3%  1%  4%  3%  5%  5%  3%  5%  3% 

The spread of investments as at 30 June 2021, in the main With-Profits Fund

Assets %
UK Equities
9.7%
UK Sustainable Equities
2.4%
Global Sustainable Equities
2.5%
US Equities
12.3%
European Equities
4.4%
Japanese Equities
5.1%
Asia Pacific Equities
5.4%
Emerging Market Equities
4.5%
UK Gilts
12.5%
US Treasuries
3.8%
Corporate Bonds (Investment Grade) 
10.1%
Overseas Corporate Bonds  
7.8%
High Yield Corporate Bonds
5.6%
Property
6.7%
Alternative Assets
1.0%
Dynamic Real Return 5.3%
Cash/Other
0.9%
Assets %
UK Equities
9.7%
UK Sustainable Equities
2.4%
Global Sustainable Equities
2.5%
US Equities
12.3%
European Equities
4.4%
Japanese Equities
5.1%
Asia Pacific Equities
5.4%
Emerging Market Equities
4.5%
UK Gilts
12.5%
US Treasuries
3.8%
Corporate Bonds (Investment Grade) 
10.1%
Overseas Corporate Bonds  
7.8%
High Yield Corporate Bonds
5.6%
Property
6.7%
Alternative Assets
1.0%
Dynamic Real Return 5.3%
Cash/Other
0.9%
View table for the target asset mix for each asset type.
Assets Benchmark
UK Equities
10.00%
UK Sustainable Equities 2.50%
Global Sustainable Equities 2.50%
US Equities 12.00% 
European Equities
4.50%
Japanese Equities
4.50%
Asia Pacific Equities
4.50%
Emerging Market Equities
4.50%
UK Gilts
15.00%
US Treasuries 5.00%
Corporate Bonds (Investment Grade)   
10.00%
Overseas Corporate Bonds
7.50%
High Yield Corporate Bonds
5.00%
Property
4.00%
Alternative Assets
0.00%
Dynamic Real Return 5.50%
Cash/Other
3.00%

The spread of investments for the LV= With-Profits Income Bond as at 30 June 2021

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 June 2021

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 30 June 2021

Assets Cautious  Balanced   Managed Growth 
UK Equities
6.2% 10.2% 11.2%
UK Sustainable Equities
1.0% 2.0% 3.0%
Global Sustainable Equities
1.0% 2.1%  3.1%
European Equities
2.0% 4.0% 6.5%
US Equities
6.6% 10.7% 13.9%
Japan Equities
2.7% 3.7% 4.3%
Asia Pacific Equities 3.0% 4.9% 7.6%
Emerging Markets Equities   2.9% 4.3% 6.7%
Property
2.9% 4.9% 6.8%
UK Gilts
11.9% 7.9% 4.4%
UK Corporate Bonds
18.3% 13.3% 9.3%
Dynamic Real Return 5.0% 8.0% 7.0%
High Yield Corporate Bonds  
6.2% 5.9% 3.9%
US Treasuries 11.1% 4.0% 2.5%
Overseas Corporate  Bonds
18.4% 13.4% 9.3%
Cash/Other 0.9% 0.6% 0.5%
Assets Cautious  Balanced   Managed Growth 
UK Equities
6.2% 10.2% 11.2%
UK Sustainable Equities
1.0% 2.0% 3.0%
Global Sustainable Equities
1.0% 2.1%  3.1%
European Equities
2.0% 4.0% 6.5%
US Equities
6.6% 10.7% 13.9%
Japan Equities
2.7% 3.7% 4.3%
Asia Pacific Equities 3.0% 4.9% 7.6%
Emerging Markets Equities   2.9% 4.3% 6.7%
Property
2.9% 4.9% 6.8%
UK Gilts
11.9% 7.9% 4.4%
UK Corporate Bonds
18.3% 13.3% 9.3%
Dynamic Real Return 5.0% 8.0% 7.0%
High Yield Corporate Bonds  
6.2% 5.9% 3.9%
US Treasuries 11.1% 4.0% 2.5%
Overseas Corporate  Bonds
18.4% 13.4% 9.3%
Cash/Other 0.9% 0.6% 0.5%
View the target asset mix for each asset type in the three fund options.

Balanced

Assets Benchmark
UK Equities
10.00%
UK Sustainable Equities 2.00%
Global Sustainable Equities 2.00%
European Equities 4.00%
US Equities
10.00%
Japan Equities
3.00%
Asia Pacific Equities
4.00%
Emerging Markets Equities  
4.00%
Property
5.00%
UK Gilts
10.00%
UK Corporate Bonds
13.00%
Dynamic Real Return
8.00%
High Yield Corporate Bonds  
5.00%
US Treasuries
5.00%
Overseas Corporate  Bonds
13.00%
Cash/Other 2.00%
Where
Total Equities and Property
44.00%

 

Cautious

Assets Benchmark
UK Equities
6.00%
UK Sustainable Equities
1.00%
Global Sustainable Equities 1.00%
European Equities 2.00% 
US Equities
6.00%
Japan Equities
2.00%
Asia Pacific Equities
2.50%
Emerging Markets Equities  
2.50%
Property
3.00%
UK Gilts
14.00%
UK Corporate Bonds
18.00%
Dynamic Real Return
5.00%
High Yield Corporate Bonds  
5.00%
US Treasuries
12.00%
Overseas Corporate  Bonds
18.00%
Cash/Other 2.00%
Where
Total Equities and Property
26.00%

 

Growth

Assets Benchmark
UK Equities 11.00%
UK Sustainable Equities 3.00%
Global Sustainable Equities 3.00% 
European Equities 6.50%
US Equities
13.00%
Japan Equities
3.50%
Asia Pacific Equities
6.50%
Emerging Markets Equities  
6.50%
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%