Asset mix and investment return

We distribute our total assets into two asset classes. The Deversified growth portfolio is designed to achieve additional return, with slightly more risk. With the Stable return portfolio we take a lot less risk. The purpose of this combination is to make the chance of indexation as large as possible. And to minimize the risk of non-indexation or even reduction of your pension.

Below you find the composition of our asset mix at the end of last year. In addition, you can also see what investment returns we achieved by category in the last four quarters and what it adds up to at he end of the year.

The net return is listed below. This is the return including the result of hedging interest rate, inflation and currency risks.

Asset mix and investment return

 

	Distribution end 2022	Return on investment 2022*		Q1 2023	Q4 2022	Q3 2022	Q2 2022
Diversified growth shares, high yield bonds, listed real estate	60%	-12.3%		3.2%	1.0%	-1.4%	-8.4%
Stable return government and corporate bonds, Dutch mortgages	40%	-14.6%		0.9%	-0.1%	-2.6%	-7.3%
Total, derivatives excluded	100%	-13.3%		2.3%	0.5%	-1.9%	-8.0%
Net return on investment, derivatives included	100%	-20.8%		1.8%	-0.1%	-2.0%	-12.7%
* These are provisional year-end figures. The final figures will be published in the annual report before the summer.