Asset Allocation

Equities37.0
Credit and Emerging Market Debt29.0
Alternatives19.0
Government Bonds9.0
Cash6.0

Data as at 31/05/2020

Equities

UK Equity15.0
North America Equity5.8
Emerging Markets Equity5.0
Europe ex UK Equity3.8
Japan Equity3.5
Asia Pacific ex-Japan Equity2.0
Global Equity2.0
Data as at 31/05/2020

Credit and Emerging Market Debt

Global High Yield8.0
Global Investment Grade6.0
UK Credit5.5
Emerging Market Sovereign Debt (Hard)5.0
Emerging Marrket Sovereign Debt (Local)4.5
Data as at 31/05/2020

Government Bonds

Developed Markets ex UK Sovereign3.5
Global Inflation-Linked Bonds3.5
UK Sovereign2.0
Data as at 31/05/2020

Alternatives

Other Alternatives8.0
Infrastructure4.5
Global Real Estate Investment Trust3.0
Direct Property2.0
Commodities1.5
Data as at 31/05/2020

Top 10 Holdings

L&G US Index Unit Trust7.0
Schroder Recovery6.0
Nordea 1 Global High Yield Bond6.0
L&G Emerging Government Bond USD Index5.0
Legg Mason Western Asset Structured Opportunities5.0
Artemis Income4.5
Eaton Vance Emerging Markets Local Income4.5
L&G Global Infrastructure Index4.5
TwentyFour AM Dynamic Bond4.0
JPMorgan Global Corporate Bond4.0

Data as at 31/05/2020.