Change in allocation chart based on aggregated Net Asset Statements year to 31 March 2013
Investment Assets
2012
2013
Change
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%
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Asset allocation charts based on aggregated Net Asset Statements as at 31 March 2013
Asset class
Asset 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
Other asset allocation
Asset class
Asset 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 % 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%.
