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%.
