Asset Allocation

Equities50.5
Credit and Emerging Market Debt29.0
Government Bonds12.0
Alternatives8.0
Cash0.5

Data as at 30/09/2021

Equities

UK Equity19.0
Europe ex UK Equity8.5
Asia Pacific ex Japan Equity7.0
North America Equity6.5
Emerging Market Equity5.0
Japan Equity2.5
Frontier Market Equity1.5
Small-cap Equity0.5
Data as at 30/09/2021

Credit and Emerging Market Debt

UK Corporate Bonds7.0
Emerging Market Bonds (Hard Currency)6.5
Emerging Market Bonds (Local)6.0
Global High Yield4.5
UK Short Duration Corporate Bonds3.0
Global Corporate Bonds2.0
Data as at 30/09/2021

Government Bonds

Developed Market Government Bonds (ex UK) 10.5
Gilts1.5
Data as at 30/09/2021

Alternatives

Listed Infrastructure3.0
Real Estate Investment Trusts2.5
UK Property1.5
Forestry1.0
Data as at 30/09/2021

Top 10 Holdings

L&G Quality Equity Dividends ESG Exclusions UK ETF15.0
L&G UK Index Trust9.0
L&G Quality Equity Dividends ESG Exclusions Europe ex UK ETF6.5
L&G Emerging Markets Government Bond (US$) Index Fund6.5
L&G US Index Trust6.5
L&G Emerging Markets Government Bond (Local Currency) Index Fund6.0
L&G Quality Equity Dividends ESG Exclusions Asia ex Japan ETF5.5
L&G High Income Trust4.5
L&G Managed Monthly Income Trust4.0
L&G Quality Equity Dividends ESG Exclusions Emerging Markets ETF4.0

Data as at 30/09/2021.