Asset Allocation

Credit and Emerging Market Debt62.2
Equities21.9
Cash6.9
Government Bonds4.6
Alternatives4.4

Data as at 30/06/2020

Equities

UK Equity12.4
Europe ex UK Equity5.2
Asia Pacific ex Japan Equity1.9
North America Equity1.5
Emerging Market Equity0.9
Data as at 30/06/2020

Credit and Emerging Market Debt

UK Corporate Bonds19.1
Global Corporates14.2
Emerging Market Bonds (Hard Currency)12.0
High Yield9.0
Emerging Market Bonds (Local)7.9
Data as at 30/06/2020

Government Bonds

Dev ex UK Sovereign2.7
Global Inflation-Linked Bonds1.4
Gilts0.4
Data as at 30/06/2020

Alternatives

Listed Infrastructure2.5
Real Estate Investment Trusts1.9
Data as at 30/06/2020

Top 10 Holdings

LGIM Global Corporate Bond Fund14.2
L&G Emerging Markets Government Bond (US$) Index Fund10.5
L&G Managed Monthly Income Trust10.3
L&G (N) Tracker Trust9.4
L&G High Income Trust9.0
L&G Emerging Markets Government Bond (Local Currency) Index Fund7.9
L&G Short Dated Sterling Corporate Bond Index Fund6.3
LGIM Sterling Liquidity Fund Class 14.1
iShares UK Dividend UCITS ETF3.7
United Kingdom 0.625% Treasury Gilt 20253.4

Data as at 30/06/2020.