In order to achieve the best possible returns, we spread investments. Over the last 10 years, the average return was 4%.
Notably, we make these investments in the Netherlands and Germany, but also in other European countries. They are primarily intended to manage the interest rate risk. The breakdown of this category (as a % of the total) is shown below:
| Q4 2023 | Division | Return |
| Government bonds (Euro) | 22% | 7.2% |
| Corporate bonds (Euro) | 13% | 6,7% |
| Mortgages | 5% | 3.9% |
| Total | 40% | 12.8% |
We make these investments throughout the world. They are intended to provide excess return. In this way, we try to ensure that, as far as possible, our participants’ pensions remain inflation proof. The breakdown of this category (as a % of the total) is shown below:
| Q4 2023 | Division | Return |
| Equities | 43% | 15.5% |
| Alternative real assets | 7% | -1.8% |
| Alternative fixed-income securites | 10% | 8.8% |
| Total (incl. currency hedging) | 60% | 10.5% |