Asset Allocation

Equities 58.3
Credit and Emerging Market Debt 27.5
Alternatives 10.6
Government Bonds 3.6

Data as at 30/11/2019

Equities

UK Equity 21.9
Emerging Market Equity 10.3
Europe ex UK Equity 9.2
Asia Pacific ex Japan Equity 7.5
North America Equity 6.3
Japan Equity 2.7
Small-cap Equity 0.5
Data as at 30/11/2019

Credit and Emerging Market Debt

Emerging Market Bonds (Hard Currency) 7.9
Emerging Market Bonds (Local) 7.8
Global High Yield 6.2
UK Corporate Bonds 3.6
Global Corporate Bonds 2.0
Data as at 30/11/2019

Government Bonds

Developed Market Government Bonds (ex UK) 3.6
Data as at 30/11/2019

Alternatives

Listed Infrastructure 4.1
Real Estate Investment Trusts 4.1
UK Property 2.4
Data as at 30/11/2019

Top 10 Holdings

L&G UK Index Trust 12.4
iShares UK Dividend UCITS ETF 10.2
L&G Emerging Markets Government Bond (US$) Index Fund 7.9
L&G Emerging Markets Government Bond (Local Currency) Index Fund 7.8
L&G High Income Trust 6.2
L&G US Index Trust 5.9
L&G Global Emerging Markets Index Fund 4.9
L&G European Index Trust 4.8
L&G Pacific Index Trust 4.7
L&G Global Listed Infrastructure Index Fund 4.1

Data as at 30/11/2019.