Final Salary Section Investments
Asset Allocation
FINAL SALARY SECTION INVESTMENTS - ASSET ALLOCATION
| Asset class | Fund | Strategic allocation | Allocation at 30 June 2026* |
|---|---|---|---|
| Global Equities | LGIM World (ex-UK) Equity Index |
10.0% | 11.6% |
| Diversified Growth Funds | Nordea Diversified Return | 15.0% | 15.2% |
| Ruffer Absolute Return | |||
| BNY Real Return | |||
| Property | M&G UK Property | 5.0% | 2.8% |
| Invesco Global Real Estate | |||
| Securitised Credit | Aegon Asset Backed Securities Fund | 10.0% | 18.5% |
| LDI | CTI Bespoke LDI and synthetic equity | 50.0% | 40.0% |
| Infrastructure | IFM Investors Global Infrastructure | 10.0% | 10.0% |
| JP Morgan Infrastructure Investments |
*At 30 June 2026 less than 2% of assets were held in cash. A working balance of cash is held for imminent payment of benefits and expenses. On some occasions, cash that is being transferred between investment managers is held for a short period of time in the Scheme’s bank account. Under normal circumstances it is not the Trustee’s intention to hold a significant cash balance, and this is carefully monitored by the Scheme’s administrator.