Asset Allocation

Equities 43.9
Credit and Emerging Market Debt 36.5
Government Bonds 8.3
Alternatives 7.4
Cash 3.9

Data as at 31/05/2019

Equities

UK Equity 17.0
Europe ex UK Equity 8.7
North America Equity 6.9
Japan Equity 4.6
Emerging Market Equity 3.6
Asia Pacific ex Japan Equity 3.0
Data as at 31/05/2019

Credit and Emerging Market Debt

Global Corporates 10.8
Emerging Market Bonds (Hard Currency) 7.1
UK Corporate Bonds 6.9
Emerging Market Bonds (Local) 6.2
High Yield 5.4
Data as at 31/05/2019

Government Bonds

Global Inflation-Linked Bonds 6.0
Dev ex UK Sovereign 2.3
Data as at 31/05/2019

Alternatives

Listed Infrastructure 4.1
Real Estate Investment Trusts 3.2
Data as at 31/05/2019

Top 10 Holdings

LGIM Global Corporate Bond Fund 10.8
L&G (N) Tracker Trust 9.9
L&G European Index Trust 7.5
L&G Emerging Markets Government Bond (US$) Index Fund 7.1
L&G Sterling Corporate Bond Index Fund 6.9
L&G US Index Trust 6.6
LGIM Sterling Liquidity Fund Class 1 6.6
L&G Emerging Markets Government Bond (Local Currency) Index Fund 6.2
L&G High Income Trust 5.4
L&G UK MID Cap Index Fund 4.2

Data as at 31/05/2019.