Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 388

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 388
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)                           |        | 11.1% |        | 11.1% |
| –Private(b)                          |        | 6.5%  |        | 5.5%  |
| Bonds(c)                             |  47.7% |       |  47.4% |       |
| –Government fixed income             |        | 21.0% |        | 21.6% |
| –Government inflation-linked         |        | 1.6%  |        | 1.6%  |
| –Corporate and other publicly quoted |        | 17.5% |        | 16.5% |
| –Private                             |        | 7.6%  |        | 7.7%  |
| Property(d)                          |   6.9% |       |   8.7% |       |
| –Quoted property funds               |        | 2.2%  |        | 2.5%  |
| –Unquoted property funds             |        | 4.7%  |        | 6.2%  |
| Qualifying insurance policies(e)     |  24.3% |       |  24.9% |       |
| Cash and other(f)(g)                 |   3.5% |       |   2.4% |       |
| Total                                | 100.0% |       | 100.0% |       |

(a) The holdings of quoted equities are invested in either pooled funds or segregated accounts held in the name of the relevant pension funds. These equity portfolios are well diversified in

terms of the geographic distribution and market sectors.

(b) Investments in private equity, private debt and property are less liquid than the other investment classes listed above and therefore the Group’s investment in those asset classes is restricted

to a level that does not endanger the liquidity of the pension plans.

(c) The holdings of government bonds are generally invested in the debt of the country in which a pension plan is situated. Corporate and other quoted bonds are usually of investment grade.

Private debt is mainly held in the North American and UK pension funds and is invested in North American and European companies.

(d) The property funds held by pension plans are invested in a diversified range of properties.

(e) Qualifying insurance policies are held with insurance companies that are regulated by the relevant local authorities. The value of those policies is calculated by the local