Investment summary 2022

Sustainable Food Trust

A summary of how our investments performed in 2023.

The market value of the Foundation's investments at the end of 2023 was £1.286 billion. The portfolio’s total return of 2.8% in 2023 compared to the Foundation's long-term investment objective (RPI+4%) which was up 9.4% during the year.

Looking back over one-year, three-year, five-year and since-inception, the performance of the portfolio against our long-term investment objectives is as follows:

Annualised performance over... Actual return % Target return % (UK RPI +4%) Over/(under) performance %
1 year 2.8 9.4 (6.6)
3 years 7.3 13.0 (5.7)
5 years 8.9 10.0 (1.1)
10 years 8.9 8.3 0.6
Since inception (2000) 7.1 7.6 (0.5)

Asset allocation of our investment portfolio

The chart below shows the asset allocation of our investment portfolio at the end of 2023.

Return Drivers
2023 % 2022 % Change %
Global equities 39.3 33.3 6.0
Emerging equities 3.7 3.5 0.2
Private investments 32.3 36.7 (4.4)
Hedge funds 6.2 8.7 (2.5)
Diversifiers
2023 % 2022 % Change %
Low volatility funds 11.9 12.5 (0.6)
Cash
2023 % 2022 % Change %
Investment cash 6.1 4.6 1.5
Currency hedge 0.5 0.7 (0.2)

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