HUTCHISON PORT HOLDINGS TRUST 174 NOTES TO THE FINANCIAL STATEMENTS 23 Pension assets (Continued) (a) Defi ned benefi t plans (Continued) Fair value of the plan assets is analysed as follows: 2025 2024 Percentage Percentage Equity Instruments Conglomerates and manufacturing 0% 0% Construction and materials 1% 1% Consumer markets 2% 2% Energy and utilities 1% 1% Financial institutions and units trust 33% 35% Health and care 1% 4% Insurance 0% 0% Real estate 0% 0% Information technology 5% 8% Others 1% 3% 44% 54% Debt instruments Government (other than US) 17% 8% Financial institutions 11% 10% US Treasury 8% 4% Others 15% 14% 51% 36% Cash and others 5% 10% 100% 100% The debt instruments are analysed by issuer’s credit rating as follows: 2025 2024 Percentage Percentage Aaa/AAA 4% 14% Aa1/AA+ 21% 7% Aa2/AA 12% 11% Aa3/AA- 5% 4% A1/A+ 8% 9% A2/A 17% 14% A3/A- 14% 13% Baa1/BBB+ 6% 7% Baa2/BBB 7% 14% Other lower grade 2% 2% No investment grade 4% 5% 100% 100%
RkJQdWJsaXNoZXIy NTM2MDQ5