We invest in a large part of the world, with different types of investments. That way, we spread the risks associated with investing. And, where possible, we also invest close to home.
Equity and corporate bonds
We invest in equity via the stock exchange. That makes us a minority co-owner of a company. As owner, we can have influence on companies. By voting in shareholders' meetings and by entering into a dialogue with companies. We earn money for your pension through annual dividend payments and rising share prices. Share prices may also drop. That's why we spread our investments over many different countries and sectors. That way, we limit the risks.
Below is a list of companies in which we invest and the amount invested. This list is updated every three months.
Corporate bonds are loans to companies. Such loans are valid for a limited period of time. These companies pay us interest on these loans at fixed points in time. At the end of the term, the company repays the loan. These investments are also spread over different countries and sectors. That way, we limit the risks. We also limit risks in another way: companies with a higher risk pay more interest.
Below is a list of companies to which we have granted loans. This list is updated every three months.
|Company name Sort descending
|Amount in €
|1011778 BC ULC / New Red Finance Inc
|180 Medical Inc
|360 Security Technology Inc
|37 Interactive Entertainment Network Technology Group Co Ltd
|3i Group PLC
|888 Acquisitions Ltd
|A O Smith Corp
Government bonds are loans to national governments. Such loans are valid for a limited period of time. Countries pay us interest on these loans at fixed points in time. At the end of the term, the country repays the loan. These investments are spread over different countries. The Netherlands and Germany are examples of safe countries, of which you can be sure that they always pay on time. Because of this, they pay less interest than some other countries, where the risk may be higher. We do not put money into countries subject to sanctions, such as an arms embargo, a travel ban or financial sanctions.
Below is a list of companies to which we have loaned money. This list is updated every three months.
|Amount in €
We invest directly in Dutch real estate. We own rental homes, particularly in the mid-rental segment. We also invest in retail. We earn money for your pension through the rent we receive. The increase in the value of real estate also generates money.
In our real estate investments, we pay special attention to sustainability. Energy-efficient buildings contribute to healthier and more affordable living and working. Responsible construction also contributes to a good pension for you. Because sustainable real estate is worth more.
In the rest of Europe and in the United States, we invest in property funds. These are baskets with different real estate projects.
Below is a list of real estate in which we invest and where it is located. This list is updated every three months.
We also invest in companies outside the stock exchange. That makes us co-owner of a company through a manager. This costs more than other investments, but it often also comes with a higher return for your pension. This mainly happens if the companies are organised differently and better and then sell for a higher price.
Our investments in infrastructure mainly consist of roads, railways, waterworks and electricity networks. For these investments, we often work with other investors, government authorities and construction companies. They really are investments for the longer term. We also invest in forestry.
Who manages these investments?
To manage investments, we use the expertise of asset managers in the different categories. As at the end of June 2023, these were as follows:
AXA Investment Managers
UBS Global Asset Management
High-interest bonds emerging countries
|Aberdeen Standard Investments
Ashmore Investment Management
NN Investment Partners
Stone Harbor Investment Partners
|High-interest corporate bonds
|Columbia Threadneedle Investments
NN Investment Partners
Polen Capital Credit
Post Advisory Group
|Alinda Capital Partners
Copenhagen Infrastructure Partners
SUSI Partners AG
Vauban Infrastructure Partners
|AXA Investment Managers
|SNS Institutional Microfinance
|Money market funds
Goldman Sachs Asset Management International
J.P. Morgan Asset Management
|Dutch Mortgage Funding Company
Syntrus Achmea Real Estate & Finance
|AnaCap Financial Partners
Audax Private Equity
Blue Wolf Capital
Clayton, Dublier & Rice
CVC Capital Partners
Exponent Private Equity
Fairhaven Capital Partners
Falcon Investment Advisors
Forbion Capital Partners
Gilde Healthcare Partners
Hellman & Friedman
Jerusalem Venture Partners
LLR Equity Partners
New Mountain Capital
Palladium Equity Partners
Platinum Equity Capital Partners
SunTX Capital Partners
The Jordan Company
Thomas H Lee
Trilantic Capital Partners
Value Enhancement Partners
Vista Equity Partners
|Aberdeen Standard Investements
Alpha Investment Partners
AXA Real Estate Investment Managers
Barings Real Estate
BGO Diversified US Property Fund
CBRE Global Investors
Dune Real Estate Partners
Exeter Property Group
M&G Real Estate
Orion Capital Managers
Ramius Capital Group and REI
|Property the Netherlands
Syntrus Achmea Real Estate Finance