Performance

The return portfolio includes the following mutual funds:

Robeco QI Inst. Global Developed Enhanced Index Equities
The fund is actively managed and invests in stocks of companies in developed markets. The selection of these stocks is based on a quantitative model. The fund’s objective is to outperform the index. The fund seeks a well-diversified exposure to an integrated multi-factor stock selection model consisting of proven return factors such as value, quality and momentum. The currency risk is fully hedged against the euro. >>

Robeco QI Global Conservative Equities
The fund is actively managed and invests in low volatility stocks in developed and emerging countries around the world. The selection of these stocks is based on a quantitative model. The fund aims for long-term returns that exceed those of equity markets with lower downside risk over the entire investment cycle, while still controlling relative risk by applying limits (on countries and sectors) on the degree of deviation from the Benchmark. The currency risk is fully hedged against the euro. >>

Robeco Global Stars Equities Fund
The fund is actively managed and invests in readily tradable shares of companies listed on stock exchanges worldwide, primarily in North America and developed countries in Europe, Oceania and South-East Asia. In addition, limited investments may be made in shares of companies from emerging markets. The Fund has a focused, concentrated portfolio comprising a small number of larger positions. The equity selection focuses on shares of medium-sized and large companies with the greatest growth potential. The Fund aims for long-term capital growth and also seeks to achieve a better sustainability profile compared to the MSCI World Index. Currency risk is fully hedged against the euro. >>

Robeco QI Emerging Markets Enhanced Index Equities
The fund is actively managed and invests in equities of companies from emerging markets. The selection of these equities is based on a quantitative model. The fund’s objective is to achieve a better return than the index. The fund aims to achieve well-diversified exposure to an integrated multi-factor share selection model consisting of proven return factors such as value, quality and momentum. >>

Pimco Emerging Markets Bond
The Fund seeks to increase the value of its assets over the medium term by investing in government and/or corporate bonds and other debt instruments denominated in euro with an average remaining maturity of more than 10 years. >>

Robeco High Yield Bonds
The fund invests globally in high-yield bonds of companies with credit ratings below BBB, which is lower than ‘normal’ corporate bond issuers. Bonds are selected on the basis of our broad market view and thorough company analysis. All currency risks are hedged to the euro. There is no active duration policy, as duration is hedged to benchmark duration. Derivatives are used for various reasons: to hedge a particular position, for arbitrage, or as leverage for additional exposure to the credit market. >>

The matching portfolio includes the following mutual funds:

Robeco Customized Liability Driven Fund
The fund has a defensive proposition by investing mainly in core euro-denominated government bonds of countries such as Germany and the Netherlands. >>

Robeco Euro Credit Bonds
The fund is actively managed and invests in a broadly diversified portfolio of investment-grade euro corporate bonds. The selection of these bonds is based on fundamental analysis. The fund’s objective is to achieve long-term capital growth. The fund may invest to a limited extent in high-yield bonds, securitised bonds and bonds not denominated in euros.  >>