The Fund aims to achieve the highest possible return over the long term, taking into account the risk profile and investment restrictions. The Fund invests, directly or indirectly, in a broadly composed portfolio of different asset classes, in which the assets are invested in accordance with the investment profile of the Fund. The distribution over the asset classes is as follows:
- Money market (0-20%);
- Investment grade bonds (0-20%);
- High yield bonds (0-20%);
- Emerging markets bonds (0-20%);
- Equities (70-100%);
- Real estate (0-20%) and
- Commodities (0-15%).

The Fund's strategic allocation over the various asset classes is determined annually on the basis of long-term risk and return expectations. The strategic investment policy followed and the tactical adjustments are reported in the annual reports. Investments can be made in all possible sectors and there are no restrictions on bond maturities. Both active and passive funds can be selected.

The Fund may not invest directly in commodities and real estate, but may invest in financial instruments that have significant exposure to these asset classes. The Fund may hold cash and deposits denominated in euros and foreign currencies. In addition, the Fund may also use techniques, structures or derivatives such as options, warrants and futures for hedging purposes and efficient portfolio management.

Thijs van der Kevie, Cas de Bruijne, Jan van de Ven, Frans Evers