Print

Change in allocation chart based on aggregated Net Asset Statements year to 31 March 2013

Investment Assets 20122013Change
Fixed interest securities 6.8% 6.7% -0.1%
Index-linked securities 3.1% 2.8% -0.3%
Equities 39.2% 38.4% -0.8%
PIVs 38.5% 40.8% 2.3%
Property PIVs 3.8% 3.4% -0.4%
Property 2.7% 2.4% -0.2%
Private equity 1.9% 1.9% 0.0%
Derivatives 0.1% 0.1% 0.0%
Other 0.5% 0.7% 0.2%
Other balances 0.6% 0.5% -0.1%
Cash deposits 2.8% 2.3% -0.5%
Total   100.0% 100.0% 0.0%
 
 
Change in allocation chart image
Click on the chart for a larger view in a new tab/window

Asset allocation charts based on aggregated Net Asset Statements as at 31 March 2013

Asset classAsset type £000s%£000s%
Fixed interest Fixed interest UK 7,984,023 4.4% 12,104,102 6.7%
  Fixed interest Overseas 4,120,079 2.3%    
Index-linked Index-linked UK (where stated) 4,500,464 2.5% 4,993,439 2.8%
  Index-linked Overseas 492,975 0.3%    
Equities Equities UK 32,726,966 18.2% 69,110,754 38.4%
  Equities Overseas 36,383,788 20.2%    
PIVs   73,570,975 40.8% 73,570,975 40.8%
Property Property PIVs 6,139,140 3.4% 10,529,681 5.8%
  Property (Direct investment) 4,390,541 2.4%    
Other   9,869,809 5.5% 9,869,809 5.5%
Total         180,178,760 100.0%

Total asset allocation

 
Total asset allocation chart image Other asset allocation chart image
 

Other asset allocation

Asset classAsset type £000s%
Other Cash Deposits 4,187,568 42.4%
  Private equity 3,413,723 34.6%
  Other balances 840,651 8.5%
  Other (including aggregated private equity/infrastructure/other) 701,254 7.1%
  Infrastructure 547,260 5.5%
  Derivatives 179,353 1.8%
Total     9,869,809 100.0%

Net return on investment based on aggregated Fund accounts year to 31 March 2013

Net return on Investment

Net return on investment % is calculated by dividing the net return on investment by the average value of the fund over the year - this differs from calculated performance.
The average net return on investment, and total for the scheme on a aggregate basis, for the year ended 31 March 2013 was 12.5%. The average investment expenses were 0.3% over the period, therefore the gross return on investment was 12.8%.
The above chart shows the distribution around 12.5%, with most funds falling in a range of between 9.0% and 15.5%.