We do invest in...
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. We update the overview every three months. The next time will be around March 30th, 2024.
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. We update the overview every three months. The next time will be around March 30th, 2024.
| Company name Sort descending | Amount in € | Country | Sector | Type |
|---|---|---|---|---|
| 1011778 BC ULC / New Red Finance Inc | 20.993.404 | Canada | Consumer, cyclical | Corporate bonds |
| 180 Medical Inc | 4.114.111 | United Kingdom | Consumer, non-cyclical | Corporate bonds |
| 360 Security Technology Inc | 289.124 | China | Communications | Shares |
| 37 Interactive Entertainment Network Technology Group Co Ltd | 181.992 | China | Technology | Shares |
| 3i Group PLC | 10.488.793 | United Kingdom | Financial | Corporate bonds |
| 3M Co | 20.900.986 | United States | Industrial | Shares |
| 3M Co | 7.540.924 | United States | Industrial | Corporate bonds |
| 3SBio Inc | 957.245 | China | Consumer, non-cyclical | Shares |
| 888 Acquisitions Ltd | 4.443.113 | Gibraltar | Consumer, cyclical | Corporate bonds |
| A O Smith Corp | 3.611.718 | United States | Industrial | Shares |
Investments in the Netherlands
Where possible, we want to invest in our own country. Close to home. We also invest in our own metal and technology industry.
Government bonds
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. We update the overview every three months. The next time will be around March the 30th, 2024.
| Country | Amount in € |
|---|---|
| Germany | 4.855.536.728 |
| Netherlands | 1.749.487.766 |
| Austria | 938.520.901 |
| France | 743.504.055 |
| Ireland | 469.798.385 |
| Belgium | 463.160.307 |
| Brazil | 413.275.888 |
| South Africa | 353.564.957 |
| Indonesia | 336.237.784 |
| Mexico | 331.613.796 |
Real estate
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.
Private equity
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.
Infrastructure
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. You can see which these are below. We update this overview once a year. The next time will be around June 30th, 2024.
| Investment category | Asset manager |
|---|---|
| Credit bonds | Aegon AllianceBernstein AXA Investment Managers Barings MN |
| Equity | BlackRock MN UBS Global Asset Management |
| Forestry | Red Mountain |
High-interest bonds emerging countries | Aberdeen Standard Investments Ashmore Investment Management MN NN Investment Partners Stone Harbor Investment Partners |
| High-interest corporate bonds | Columbia Threadneedle Investments MacKay Shields NN Investment Partners Polen Capital Credit Post Advisory Group Robeco |
| Infrastructure | Alinda Capital Partners Copenhagen Infrastructure Partners Glenmont JP Morgan Luxcara Mirova SUSI Partners AG Vauban Infrastructure Partners |
| Infrastructure loans | AXA Investment Managers Macquarie Group |
| Microfinancing | SNS Institutional Microfinance |
| Money market funds | Blackrock Goldman Sachs Asset Management International J.P. Morgan Asset Management |
Mortgages | Dutch Mortgage Funding Company Syntrus Achmea Real Estate & Finance |
| Private equity | AnaCap Financial Partners Apollo Ara Partners Ares Management Astorg Audax Private Equity Blue Wolf Capital Bridgepoint Cinven Limited Clayton, Dublier & Rice CVC Capital Partners DeeptechXL EQT Partners Exponent Private Equity Fairhaven Capital Partners Falcon Investment Advisors Forbion Capital Partners Gilde Healthcare Partners H.I.G. Capital HarbourVest Harvest Partners Hellman & Friedman Industry Ventures Innovation Industries InvestIndustrial Partners Jerusalem Venture Partners Lincolnshire Management Lindsay Goldberg LLR Equity Partners Monomoy New Mountain Capital Norvestor Palladium Equity Partners Permira Partners Perusa Pinnacle Ventures Platinum Equity Capital Partners Prime Ventures Quad-C Management Riverstone SunTX Capital Partners The Jordan Company Thomas H Lee TPG Capital Trilantic Capital Partners Triton Partners Value Enhancement Partners Vista Equity Partners Vitruvian |
| Property International | Aberdeen Standard Investements Alpha Investment Partners AXA Real Estate Investment Managers Barings Real Estate BGO Diversified US Property Fund Catalyst CBRE Global Investors CIM Dune Real Estate Partners DWS Exeter Property Group Heitman M&G Real Estate Nuveen Orion Capital Managers Patrizia AG Ramius Capital Group and REI Thor Equities |
| Property the Netherlands | CBRE Syntrus Achmea Real Estate Finance |
