Stichting Pensioenfonds Achmea is transparant over haar beleggingen

Stichting Pensioenfonds Achmea geeft rekenschap van beleid en uitvoering en publiceert een overzicht van haar directe beleggingsportefeuille. In de tabellen 1 t/m 9 geeft Stichting Pensioenfonds Achmea inzicht in de directe beleggingen. Hierbij wordt zo veel als mogelijk inzichtelijk gemaakt waarin is belegd. Echter volledige transparantie is door juridische beperkingen niet altijd mogelijk. Zo is het voor fondsbeleggingen niet mogelijk de onderliggende posities kenbaar te maken. Voor deze beleggingen wordt een opsomming van beheerders en/of fondsbeleggingen gegeven.

Overzicht beleggingen 2020 1

Tabel 1 Overzicht gewichtsverdeling beleggingscategorieën 31-12-2020

Beleggingscategorieën Manager/fonds Marktwaarden per ultimo 2020 in mln € Aandelen/kredietrisico Aandelen Wereld (Ontwikkelde Markten) BlackRock 2.332 Aandelen Opkomende Markten BlackRock Emerging Markets Index Fund non-lendable 568 Private Equity Interpolis Pensioenen Private Equity Fund II 2 Coller International Partners VIII 2 Mondriaan Co-Investment 1 NB Rembrandt -2020 Series 2 Vitruvian Investment Partnership IV - New Mountain Fund VI - Obligaties Opkomende Markten –HC PGIM 257 Obligaties Opkomende Markten –LC Ninety One Emerging Markets (LC) Dynamic Debt Fund 160 Achmea IM (LC) Emerging Markets Debt Fund 222 Global High Yield Achmea IM Global High Yield Fund EUR Hedged 685 Nominale rente Staatsobligaties euro Achmea IM 1.863 Niet-staatsobligaties euro M&G 931 Robeco Procyon 1.139 Hypotheken Dynamic Credit 337 PVF Particuliere Hypotheken Fonds 347 Liquiditeiten Achmea IM Euro Local Government Loans Fund 216 Inflatierisico Vastgoed Almazara 317 Achmea Vastgoed 62 Infrastructuur Achmea IM Infrastructuurfonds 8 IFM Global Infrastructure Fund 85 Axium Infrastructure North America 36 JP Morgan Institutional Infrastructure Fund 67 KGAL Enhanced Sustainable Power Fund 4 16 Mirova Core Infrastructure Fund II 40

Overzicht beleggingen 2020 2

Tabel 2 Top 5 posities Aandelen Wereld op 31 december 2020

Positie Percentage binnen Percentage van totaal beleggingscategorie vermogen Apple Inc 4,83% 1,75% Microsoft Corp 3,40% 1,23% Amazoncom Inc 2,95% 1,07% Alphabet Inc 2,24% 0,81% Facebook Inc 1,40% 0,51%

Tabel 3 Overzicht beleggingen Aandelen Wereld op 31 december 2020

ANSYS Inc Air Water Inc Ameriprise Financial Inc Admiral Group PLC AmerisourceBergen Corp Alfa Laval AB Air Liquide SA Aflac Inc Adobe Systems Inc Ajinomoto Co Inc Aegon NV AXA SA Asahi Breweries Ltd Bank of Nova Scotia Asahi Kasei Corp AusNet Services Ascendad Real Estate Investment Trust Banco Santander SA Celanese Corp Biogen Idec Inc Caterpillar Inc CRH PLC Colruyt SA Coca-Cola HBC AG Consolidated Edison Inc Cerner Corp Coca-Cola Amatil Ltd Cognizant Technology Solutions Commerzbank AG Discovery Inc - A Enagas EDF SA Emerson Electric Co Exxon Mobil Corp Dexus Garmin Ltd GEA Group AG Great-West Lifeco Inc GPT Group GlaxoSmithKline PLC General Electric Co Henry Schein Inc Ibiden Co Ltd Heineken NV Imperial Oil Ltd Husqvarna AB Host Hotels & Resorts Inc Japan Real Estate Investment Corp JB Hunt Transport Services Inc JSR Corp KBC Groep NV

Overzicht beleggingen 2020 3

International Paper Co Kirin Holdings Co Ltd ENEOS Holdings Inc Koninklijke Vopak NV Kyowa Kirin Co Ltd Loblaw Cos Ltd Macquarie Group Ltd Las Vegas Sands Corp Marsh & McLennan Cos Inc Koninklijke Philips NV Manulife Financial Corp Neste Oil OYJ NextEra Energy Inc Newmont Corp Mitsui Fudosan Co Ltd McDonald's Corp Mitsubishi Corp Otsuka Corp Nitori Co Ltd Nintendo Co Ltd OMV AG Nippon Paint Holdings Co Ltd OGE Energy Corp Northern Trust Corp Novozymes A/S Orkla ASA ORIX Corp Nippon Steel & Sumitomo Metal Corp Raiffeisen Bank International Raymond James Financial Inc Pioneer Natural Resources Co Realty Income Corp Prudential Financial Inc Ricoh Co Ltd Procter & Gamble Co SCOR SE Sega Sammy Holdings Inc Sanofi Sands China Ltd Sirius XM Holdings Inc Swiss Prime Site AG Stanley Black & Decker Inc. T-Mobile US Inc TE Connectivity Ltd Southern Co Swire Properties Ltd Standard Chartered PLC Sumitomo Mitsui Trust Holdings Ulta Salon Cosmetics & Fragran Tyson Foods Inc Tenaris SA Toray Industries Inc US Bancorp Telefonaktiebolaget LM Ericsso WW Grainger Inc Waters Corp Whitbread PLC Vestas Wind Systems A/S Yamato Holdings Co Ltd Weyerhaeuser Co Williams Cos Inc Z Holdings Corp Volvo AB Wal-Mart Stores Inc Wilmar International Ltd Crown Castle International Cor CK Hutchison Holdings Ltd Extra Space Storage Inc Centene Corp Assa Abloy AB Axalta Coating Systems Ltd Proximus Kraft Heinz Co/The Nomura Real Estate Master Fund HP Inc Chr Hansen Holding A/S Singapore Technologies Eng Atmos Energy Corp Alexandria Real Estate Equitie Johnson Controls International MISUMI Group Inc Lion Corp Lundbergforetagen AB UniCredit SpA National Grid PLC Lennox International Inc UBISOFT Entertainment Temp Holdings Co Ltd Cognex Corp Old Dominion Freight Line Inc LafargeHolcim Ltd Roche Holding AG Vifor Pharma AG HeidelbergCement AG Henkel AG & Co KGaA Beiersdorf AG

Overzicht beleggingen 2020 4

Atlas Copco AB Venture Corp Ltd Sartorius AG Informa PLC SG Holdings Co Ltd Welcia Holdings Co Ltd iA Financial Corp Inc InterContinental Hotels Group Deutsche Bank AG Croda International PLC Worldline SA MongoDB Inc M&G PLC Orix JREIT Inc Teledyne Technologies Inc ViacomCBS Inc Aon PLC Otis Worldwide Corp Evolution Mining Ltd Sofina SA TMX Group Inc Catalent Inc Teladoc Health Inc Peloton Interactive Inc Xinyi Glass Holdings Ltd JDE Peet's BV PPD Inc 10X Genomics Inc Zendesk Inc Horizon Therapeutics Plc Novocure Ltd SolarEdge Technologies Inc A P Moller - Maersk A/S Alfresa Holdings Corp Amadeus IT Holding SA Amazoncom Inc Aeon Co Ltd Barry Callebaut AG Bayerische Motoren Werke AG Assurant Inc Avery Dennison Corp Annaly Capital Management Inc AGC Inc Camden Property Trust Cardinal Health Inc CSL Ltd Bridgestone Corp British Land Co PLC Canon Inc Chipotle Mexican Grill Inc Coloplast A/S Clorox Co Crown Holdings Inc DSV Panalpina A/S DTE Energy Co ConAgra Foods Inc Costco Wholesale Corp Daiwa House Industry Co Ltd Charles Schwab Corp DBS Group Holdings Ltd Clp Holdings Ltd Citigroup Inc Eurazeo Dollarama Inc Expedia Inc Edenred Electronic Arts Inc EOG Resources Inc Exelon Corp Eli Lilly & Co Enel SpA Gecina SA FMC Corp Gjensidige Forsikring ASA Franklin Resources Inc Groupe Danone SA General Mills Inc Glencore Plc Illumina Inc Hormel Foods Corp Hino Motors Ltd Hennes & Mauritz AB Infineon Technologies AG Hitachi Ltd Kansas City Southern Japan Airlines Co Ltd Kikkoman Corp Kimberly-Clark Corp Kinross Gold Corp Lululemon Athletica Inc Marriott International Inc / DE Lincoln National Corp LIXIL Corp LKQ Corp Legal & General Group PLC Lloyds Banking Group PLC

Overzicht beleggingen 2020 5

McDonald's Holdings Co Japan Ltd Motorola Inc NSK Ltd Mediobanca SpA MetLife Inc Mondelez International Inc Mitsubishi UFJ Financial Group Nippon Prologis REIT Inc Nippon Building Fund Inc Orion OYJ Pandora A/S Nomura Real Estate Holdings In Nitto Denko Corp Nisshin Seifun Group Inc Omnicom Group Inc Norfolk Southern Corp Nippon Express Co Ltd Osaka Gas Co Ltd Oversea-Chinese Banking Corp L Oracle Corp Regeneron Pharmaceuticals Inc Randstad NV Perrigo Co Plc Robert Half International Inc Rockwell Automation Inc /DE Principal Financial Group Inc Peugeot SA RSA Insurance Group PLC Schindler Holding AG Sodexo ServiceNow Inc SBI Holdings Inc /Japan Secom Co Ltd Simon Property Group Inc Shiseido Co Ltd Skanska AB Sekisui House Ltd Sharp Corp/Japan Snam SpA Scentre Group Suez Environnement Co Sumitomo Metal Mining Co Ltd Svenska Cellulosa AB Teijin Ltd Sumitomo Corp Spark New Zealand Ltd TransDigm Group Inc Tractor Supply Co Toshiba Corp Wendel Varian Medical Systems Inc Yamazaki Baking Co Ltd West Japan Railway Co Woolworths Ltd Wynn Macau Ltd Yum! Brands Inc eBay Inc Recruit Holdings Co Ltd Anthem Inc ICA Gruppen AB Endesa SA Barratt Developments PLC WEC Energy Group Inc PayPal Holdings Inc Engie St James's Place PLC Hewlett Packard Enterprise Co Sohgo Security Services Co Ltd Schibsted ASA Concordia Financial Group Ltd Sundrug Co Ltd Hikma Pharmaceuticals PLC Domino's Pizza Inc UGI Corp Koninklijke Ahold Delhaize NV Fortum OYJ Recordati SpA CBOE GLOBAL MKTS INC IDEX Corp Umicore SA Kuehne + Nagel International A Square Inc Baloise Holding AG Julius Baer Group Ltd Booking Holdings Inc Deutsche Post AG Brenntag AG Covestro AG Puma SE ON Semiconductor Corp ABIOMED Inc STMicroelectronics NV Coles Group Ltd Aroundtown SA Zalando SE Coca-Cola European Partners PL

Overzicht beleggingen 2020 6

Demant A/S PerkinElmer Inc Okta Inc EPAM Systems Inc Air Canada Healthpeak Properties Inc Nippon Shinyaku Co Ltd Brown & Brown Inc Canadian Apartment Properties Carrier Global Corp Ito En Ltd Miura Co Ltd Mapletree Logistics Trust Infrastrutture Wireless Italia Ambu A/S GN Store Nord Masimo Corp Dynatrace Inc Zoom Video Communications Inc Fair Isaac Corp Trade Desk Inc/The Crowdstrike Holdings Inc Davide Campari-Milano NV New World Development Co Ltd Zscaler Inc Tecmo Koei Holdings Co Ltd Fastighets AB Balder Industrivarden AB HubSpot Inc Etsy Inc Advance Auto Parts Inc Albemarle Corp Aeon Mall Co Ltd Accor SA Ageas American Tower Corp Activision Blizzard Inc 3i Group PLC AT&T Inc AIA Group Ltd Arkema SA Ball Corp Arch Capital Group Ltd BCE Inc Atlantia SpA Archer-Daniels-Midland Co Amgen Inc Assicurazioni Generali SpA Amp Ltd BHP Billiton Ltd BOC Hong Kong Holdings Ltd BlackRock Inc BorgWarner Inc Brother Industries Ltd CAE Inc Burberry Group PLC CVS Health Corp CaixaBank S.A. Cincinnati Financial Corp Constellation Brands Inc Chugai Pharmaceutical Co Ltd Cheniere Energy Inc Daiichi Sankyo Co Ltd Chevron Corp Empire Co Ltd 'A' Entergy Corp Discover Financial Services EDP - Energias de Portugal SA George Weston Ltd Goldman Sachs Group Inc Fuji Electric Holdings Co Ltd Fifth Third Ban Corp Hasbro Inc Hitachi Metals Ltd Hartford Financial Services GRP Hang Lung Properties Ltd HKT Trust / HKT Ltd Itochu Techno-Solutions Corp Kering Kakaku.com Inc Kerry Group PLC Intuit Inc Juniper Networks Inc International Business Machine J Sainsbury PLC Lindt & Spruengli AG MEIJI Holdings Co Ltd Laboratory Corp of America Hol Magna International Inc Legrand SA Loews Corp Masco Corp MGM Mirage Kyushu Electric Power Co Inc LyondellBasell Industries NV Mastercard Inc

Overzicht beleggingen 2020 7

Marubeni Corp Next PLC Microchip Technology Inc Sompo Holdings Inc NEC Corp Mitsubishi Heavy Industries Lt Mirvac Group Ono Pharmaceutical Co Ltd NiSource Inc Paychex Inc Orica Ltd Nippon Telegraph & Telephone C Otsuka Holdings Co Ltd Nippon Yusen KK Panasonic Corp Remy Cointreau SA Roper Industries Inc Ramsay Health Care Ltd Prysmian SpA Pernod-Ricard SA ProLogis Inc Public Service Enterprise Group Inc Qantas Airways Ltd PepsiCo Inc /NC Resona Holdings Inc Royal Dutch Shell PLC Santen Pharmaceutical Co Ltd Sherwin-Williams Co Seiko Epson Corp Sealed Air Corp Shoei Co Ltd/Chiyoda-ku Shin-Etsu Chemical Co Ltd Shimizu Corp Sandvik AB Solvay SA Sumitomo Dainippon Pharma Co Ltd T Rowe Price Group Inc T&D Holdings Inc TJX Cos Inc Sumitomo Electric Industries L Takeda Pharmaceutical Co Ltd Sony Corp Terumo Corp Union Pacific Corp United Urban Investmement Corporation VMware Inc Xylem Inc/NY Skyworks Solutions Inc Medibank Pvt Ltd Walgreens Boots Alliance Inc Iron Mountain Inc Svenska Handelsbanken AB Splunk Inc Mondi PLC Taylor Wimpey PLC Japan Airport Terminal Co Ltd Gartner Inc Arthur J Gallagher & Co Vicinity Centres Global Payments Inc Amerco Inc Ionis Pharmaceuticals Inc Johnson Matthey PLC DENTSPLY SIRONA Inc ABN AMRO Bank N.V.-CVA Hydro One Ltd Nissan Chemical Industries Ltd Emera Inc Teleflex Inc Align Technology Inc UPM-Kymmene OYJ Rollins Inc SVB Financial Group SS&C Technologies Holdings Inc Essity AB Compass Group PLC Knight-Swift Transportation Ho Black Knight Inc Cie Financiere Richemont SA BioMerieux ABB Ltd Swatch Group AG/The UBS Group AG Aptiv PLC LANXESS AG Sensata Technologies Holding P Smurfit Kappa Group PLC Moncler SpA Century Tokyo Leasing Corporation Dairy Farm International Holdi Standard Life Aberdeen PLC Asahi Intecc Co Ltd Ferrovial SA Knorr-Bremse AG HEICO Corp Bio-Rad Laboratories Inc

Overzicht beleggingen 2020 8

RPM International Inc Insulet Corp Tyler Technologies Inc WiseTech Global Ltd TIS Inc Kobe Bussan Co Ltd Mercari Inc B2Gold Corp Slack Technologies Inc Avantor Inc Carlyle Group Inc/The Kinnevik AB Siemens Energy AG Harmonic Drive Systems Inc Yamatake Corp ESR Cayman Ltd Unilever PLC Bechtle AG Northland Power Inc Agnico Eagle Mines Ltd Ally Financial Inc Accenture PLC Abbott Laboratories Atco Ltd -Class I Autoliv Inc AvalonBay Communities Inc Analog Devices Inc Bank of East Asia Ltd Anglo American PLC Aurizon Holdings Ltd Apple Inc Barclays PLC BP PLC Calbee Inc Brown-Forman Corp CH Robinson Worldwide Inc Best Buy Co Inc CME Group Inc Cameco Corp Cie de Saint-Gobain Colgate-Palmolive Co Daimler AG Daiwa Securities Group Inc Comcast Corp Essex Property Trust Inc Dassault Systemes SA Eastman Chemical Co Eisai Co Ltd Diageo PLC Fast Retailing Co Ltd Franco-Nevada Corp FirstEnergy Corp Groupe Eurotunnel SA Goodman Group Facebook Inc Hologic Inc Hess Corp Inditex SA Hong Kong Exchanges and Clearing Hankyu Hanshin Holdings Inc Hongkong Electric Holdings Ltd Hong Kong & China Gas Co Ltd Japan Retail Fund Investment Corp Keyence Corp Keisei Electric Railway Co Ltd James Hardie Industries Plc. Keio Corp Insurance Australia Group Ltd Kingfisher PLC Martin Marietta Materials Inc Kurita Water Industries Ltd Lam Research Corp Lennar Corp Kone OYJ NICE Systems Ltd Nabtesco Corp Molson Coors Beverage Co Murata Manufacturing Co Ltd McKesson Corp Newell Rubbermaid Inc NetApp Inc Mitsui Sumitomo Insurance Group Holdings Inc Newcrest Mining Ltd Mitsui Chemicals Inc Nagoya Railroad Co Ltd Microsoft Corp Mizuho Financial Group Inc Nomura Research Institute Ltd PPG Industries Inc Osaka Securities Exchange Co L PACCAR Inc OJI Holdings Corp Rohm Co Ltd Power Corp Of Canada Rio Tinto Ltd Progressive Corp

Overzicht beleggingen 2020 9

Repsol YPF SA Reed Elsevier PLC Regions Financial Corp Royal Bank of Canada Prudential PLC Shimadzu Corp Shionogi & Co Ltd Seagate Technology Shaw Communications Inc Sekisui Chemical Co Ltd Schneider Electric SA Singapore Airlines Ltd Singapore Exchange Ltd TDK Corp Stanley Electric Co Ltd TELUS Corp TOTO Ltd Sydney Airport Stockland Toyoda Gosei Co Ltd Toho Co Ltd/Tokyo UCB SA USS Co Ltd UOL Group Limited Treasury Wine Estates Ltd Tobu Railway Co Ltd Transurban Group Toronto-Dominion Bank Workday Inc Vertex Pharmaceuticals Inc Valero Energy Corp Woodside Petroleum Ltd UnitedHealth Group Inc Westpac Banking Corp Liberty Broadband Corp Symrise AG Suntec REIT Synchrony Financial Snap-on Inc Huntington Bancshares Inc / OH Minebea Co Ltd Azrieli Group Kose Corp Nippon Post Holdings Co Ltd Auto Trader Group PLC Willis Towers Watson PLC Grifols SA Chubb Ltd Eiffage SA Valeo SA Mercury NZ Ltd SEB SA Melco Resorts & Entertainment ArcelorMittal Tosoh Corp Disco Corp Veeva Systems Inc Jack Henry & Associates Inc CK Infrastructure Holdings Ltd IQVIA Holdings Inc Wharf Real Estate Investment C Owens Corning Credit Suisse Group AG Givaudan SA Nutrien Ltd Welltower Inc Hannover Rueck SE RWE AG Munich Re Teleperformance Temenos Group AG WSP Global Inc Copart Inc CBRE Group Inc Kobayashi Pharmaceutical Co Lt BHP Group PLC Mowi ASA Elanco Animal Health Inc Dow Inc Alcon Inc Ocado Group PLC Kirkland Lake Gold Ltd DocuSign Inc Amcor PLC GMO Payment Gateway Inc Sarepta Therapeutics Inc Aveva Group PLC JD Sports Fashion PLC RingCentral Inc Just Eat Takeaway.com NV Pinterest Inc Lundin Energy AB Scout24 AG Logitech International SA La Francaise des Jeux SAEM Pan American Silver Corp

Overzicht beleggingen 2020 10

Capcom Co Ltd Phoenix Group Holdings PLC Carvana Co Generac Holdings Inc Chewy Inc Aeroports de Paris AMERICAN WATER WORKS CO INC Adidas AG ASML Holding NV 3M Co Autodesk Inc Antofagasta PLC BNP Paribas Barrick Gold Corp BT Group PLC Bank of America Corp Carlsberg A/S CNP Assurances Canadian Pacific Railway Ltd Bouygues SA CarMax Inc Bureau Veritas SA CMS Energy Corp Canadian National Railway Co Berkshire Hathaway Inc Boston Scientific Corp Bristol-Myers Squibb Co Daikin Industries Ltd Computershare Ltd Digital Realty Trust Inc Electrolux AB Deutsche Wohnen SE Edison International Duke Realty Corp Fuchs Petrolub AG Gildan Activewear Inc Fanuc Corporation Fortis Inc/Canada Fidelity National Information Fresenius SE Freeport-McMoRan Copper & Gold Fortescue Metals Group Ltd Hisamitsu Pharmaceutical Co Inc Hamamatsu Photonics KK Idemitsu Kosan Co Ltd Humana Inc Hexagon AB-B SHS International Flavors & Fragrances Klepierre IntercontinentalExchange Group Intact Financial Corp KLA-Tencor Corp Kansai Paint Co Ltd Invesco Ltd Keikyu Corp Keppel Corp Ltd M&T Bank Corp MEDIPAL HOLDINGS Corp Kuraray Co Ltd McCormick & Co Inc / MD Moody's Corp Mitsubishi Gas Chemical Co Inc Mitsubishi UFJ Lease & Finance NIKE Inc Mitsubishi Estate Co Ltd National Australia Bank Ltd Merck & Co Inc Oriental Land Co Ltd Pentair PLC PG&E Corp Odakyu Electric Railway Co Ltd Obayashi Corp Novo Nordisk A/S-B RenaissanceRe Holdings Ltd ResMed Inc Quest Diagnostics Inc /DE Reckitt Benckiser Group PLC Shimano Inc SES SA Shizuoka Bank Ltd Schlumberger Ltd Skandinaviska Enskilda Banken Shinsei Bank Ltd Singapore Telecommunications L THK Co Ltd Suntory Beverage & Food Ltd Southwest Airlines Co Swire Pacific Ltd Starbucks Corp Swedbank AB Sun Hung Kai Properties Ltd Tesla Inc Tokyo Electron Ltd Unicharm Corp Tohoku Electric Power Co Inc Tokyu Fudosan Holdings Corp

Overzicht beleggingen 2020 11

Telefonica Deutschland Holding Toppan Printing Co Ltd United Overseas Bank Ltd Tesco PLC Telecom Italia SpA Whirlpool Corp Yakult Honsha Co Ltd Vulcan Materials Co Vornado Realty Trust Yamaha Corp Xilinx Inc VF Corp Veolia Environnement Vinci SA United Utilities Group PLC Yamada Holdings Co Ltd Vodafone Group PLC WH Group Ltd Restaurant Brands International Qorvo Inc CCL Industries Inc Fortinet Inc Mid-America Apartment Communit AO Smith Corp MercadoLibre Inc Teck Resources Ltd Onex Corporation Advanced Micro Devices Inc Land Securities Group PLC Nestle SA Zurich Insurance Group AG Daifuku Co Ltd SGS SA Sonova Holding AG Swiss Life Holding AG Allianz SE BASF SE Genting Singapore Ltd Epiroc AB Sika AG Verbund - Oesterreichische Ele Wix.com Ltd Thomson Reuters Corp QIAGEN NV Cigna Corp Adyen NV Carl Zeiss Meditec AG Rentokil Initial PLC Cellnex Telecom SAU Israel Discount Bank Ltd Teradyne Inc VICI Properties Inc Guidewire Software Inc Parkland Corp/Canada Northern Star Resources Ltd Afterpay Ltd Cosmos Pharmaceutical Corp Elia Group SA/NV Evolution Gaming Group AB Ritchie Bros Auctioneers Inc Nordson Corp Avalara Inc Coupa Software Inc Keurig Dr Pepper Inc Datadog Inc Argenx SE CapitaLand Integrated Commerci Eurofins Scientific SE KESKO OYJ-B SHS Xero Ltd Rational AG Toromont Industries Ltd Brookfield Renewable Corp Enphase Energy Inc CenturyLink Inc AltaGas Ltd ASX Ltd Alstom SA ASM Pacific Technology Limited Agilent Technologies Inc Alimentation Couche-Tard -B American Electric Power Co Inc ANA Holdings Inc. Atos SE Arrow Electronics Inc Associated British Foods PLC Auckland International Airport AstraZeneca PLC Astellas Pharma Inc Aviva PLC Becton Dickinson and Co Campbell Soup Co Casio Computer Co Ltd CNH Industrial NV CSX Corp Capitaland Ltd

Overzicht beleggingen 2020 12

Cochlear Ltd Continental AG DaVita Inc Cummins Inc Ci Financial Corp Danaher Corp Chiba Bank Ltd Credit Agricole SA Dai-ichi Life Insurance Co Ltd/The ConocoPhillips Commonwealth Bank of Australia Cisco Systems Inc Edwards Lifesciences Corp Darden Restaurants Inc Dover Corp Expeditors International of Wa Deutsche Lufthansa AG East Japan Railway Co ENI SpA First Republic Bank/San Franci FedEx Corp Galp Energia SGPS SA First Quantum Minerals Ltd Iliad SA Hershey Co HCA Healthcare Inc Illinois Tool Works Inc Hang Seng Bank Ltd Henderson Land Development Co Home Depot Inc Honda Motor Co Ltd Iberdrola SA Intertek Group PLC Kellogg Co Investor AB Kinder Morgan Inc/Delaware Kansai Electric Power Co Inc Komatsu Ltd Koninklijke DSM NV London Stock Exchange Group PL LVMH Moet Hennessy Louis Vuitton Maxim Integrated Products Inc Lowe's Cos Inc Link Reit Mitsubishi Chemical Holdings C Mitsui & Co Ltd Parker Hannifin Corp Nidec Corp Pembina Pipeline Corp Pearson PLC Orange SA REA Group Ltd Regency Centers Corp Pinnacle West Capital Corp Royal Caribbean Cruises Ltd Publicis Groupe SA Renault SA Persimmon PLC Rogers Communications Inc Seibu Holdings Inc Severn Trent PLC Securitas AB Seek Ltd Salesforcecom Inc Societe Generale Seven & I Holdings Co Ltd Segro PLC Santos Ltd Sonic Healthcare Ltd Target Corp Sun Life Financial Inc Tabcorp Holdings Ltd Taisei Corp Tiffany & Co UDR Inc Travelers Cos Inc Telenor ASA Tokyu Corp Telefonica SA VeriSign Inc Voya Financial Inc Wartsila OYJ Yara International ASA Yaskawa Electric Corp Ventas Inc Waste Management Inc WPP PLC WM Morrison Supermarkets PLC Verizon Communications Inc Zoetis Inc Keysight Technologies Inc NN Group NV Ashtead Group PLC Wabtec Corp/DE Keihan Electric Railway Co Ltd Hermes International

Overzicht beleggingen 2020 13

Medtronic PLC Equinix Inc Tryg A/S Citizens Financial Group Inc Aristocrat Leisure Ltd WestRock Co Nokia OYJ Alphabet Inc Markel Corp S&P Global Inc Tsuruha Holdings Inc Broadridge Financial Solutions IDEXX Laboratories Inc ING Groep NV Anheuser-Busch InBev SA/NV BleuScope Steel Limited American Financial Group Inc Arista Networks Inc KION Group AG Novartis AG Swisscom AG Amundi SA Lundin Mining Corp Live Nation Entertainment Inc TransUnion Clariant AG Swiss Re AG Orsted A/S Merck KGaA SAP SE Chocoladefabriken Lindt & Spru Delivery Hero AG Covivio Deutsche Telekom AG a2 Milk Co Ltd EssilorLuxottica Nordea Bank Abp WP Carey Inc PTC Inc Softbank Corp TC Energy Corp Halma Plc FinecoBank Banca Fineco SpA Twilio Inc Uber Technologies Inc Snap Inc Flutter Entertainment PLC Prosus NV Baker Hughes Co Square Enix Holdings Co Ltd Algonquin Power & Utilities Co West Pharmaceutical Services I Truist Financial Corp Trane Technologies plc Sumisho Computer Systems Corp DiaSorin SpA LEG Immobilien AG Nibe Industrier AB Molina Healthcare Inc SSR Mining Inc Monolithic Power Systems Inc GFL Environmental Inc Royalty Pharma PLC DraftKings Inc Entain PLC Advantest Corp Air Products & Chemicals Inc Amada Co Ltd Acom Co Ltd Allstate Corp AbbVie Inc Applied Materials Inc Australia & New Zealand Bankin Capgemini SE Central Japan Railway Co Canadian Imperial Bank of Comm Blackberry Ltd Carrefour SA Brambles Ltd Church & Dwight Co Inc Compagnie Generale des Etablis Crown Resort Ltd Chubu Electric Power Co Inc Corning Inc Equifax Inc Delta Air Lines Inc Estee Lauder Cos Inc / The Erste Group Bank AG Discovery Communications Inc Equity Residential Eaton Corp PLC Denso Corp Duke Energy Corp DnB ASA Groupe Bruxelles Lambert SA Fresnillo PLC

Overzicht beleggingen 2020 14

FUJIFILM Holdings Corp Hikari Tsushin Inc Heineken Holding NV Hakuhodo DY Holdings Inc Inpex Corp HSBC Holdings PLC Konami Corp JM Smucker Co Jeronimo Martins SGPS SA Inter Pipeline Ltd ICL Group Ltd JFE Holdings Inc Kajima Corp Key Corp Kintetsu Corp Johnson & Johnson Intel Corp Marui Group Co Ltd Kyocera Corp Marvell Technology Group Ltd Kroger Co Liberty Global Plc Mazda Motor Corp Mettler-Toledo International I Mohawk Industries Inc Nasdaq Inc NGK Spark Plug Co Ltd NGK Insulators Ltd NVIDIA Corp Natixis Micron Technology Inc Morgan Stanley Partners Group Holding AG Nissin Foods Holdings Co Ltd Oneok Inc PNC Financial Services Group Inc Norsk Hydro ASA PCCW Ltd Ross Stores Inc QBE Insurance Group Ltd Schroders PLC Sempra Energy Suzuken Co Ltd Sysmex Corp State Street Corp Suncorp-Metway Ltd Techtronic Industries Co Trimble Navigation Ltd Thermo Fisher Scientific Inc Toho Gas Co Ltd Tokio Marine Holdings Inc Terna Rete Elettrica Nazionale Tokyo Gas Co Ltd Toyota Motor Corp Voestalpine AG Verisk Analytics Inc Yamaha Motor Co Ltd Xcel Energy Inc Western Union Co Yamana Gold Inc Vivendi SA Walt Disney Co Cooper Cos Inc / The Eversource Energy Siemens AG Aena SA Leighton Holdings Ltd Meridian Energy Ltd South32 Ltd Fortune Brands Home & Security ARAMARK Holdings Corp Oil Search Ltd Hoshizaki Electric Co Ltd Check Point Software Technolog New Melrose Industries PLC DCC PLC Poste Italiane SpA Waste Connections Inc Red Electrica Corp SA Uniper SE Reinsurance Group of America Inc Wheaton Precious Metals Corp Ipsen SA Straumann Holding AG NVR Inc Vail Resorts Inc Steel Dynamics Inc Allegion PLC Shopify Inc CK Asset Holdings Ltd Geberit AG Faurecia Fisher & Paykel Healthcare Cor Adecco Group AG Lonza Group AG Evonik Industries AG

Overzicht beleggingen 2020 15

HOCHTIEF AG Fresenius Medical Care AG & Co E.ON SE Linde PLC MonotaRO Co Ltd Wayfair Inc Dell Technologies Inc Boliden AB Spirax-Sarco Engineering PLC MarketAxess Holdings Inc Quebecor Inc Paycom Software Inc Dropbox Inc Globe Life Inc Magellan Financial Group Ltd Budweiser Brewing Co APAC Ltd Blackstone Group Inc/The Howmet Aerospace Inc Lasertec Corp Orpea Investment AB Latour Nexi SpA TeamViewer AG Cable One Inc Tradeweb Markets Inc Apollo Global Management Inc Natwest Group PLC Adevinta ASA Amplifon S.p.A. HelloFresh SE Ceridian HCM Holding Inc Akamai Technologies Inc ACS Actividades de Construccio APA Group American Express Co American International Group Inc Amphenol Corp Automatic Data Processing Inc Baxter International Inc Bank of Montreal Bayer AG Bank of New York Mellon Corp Banco Bilbao Vizcaya Argentari Canadian Tire Corp-Class A Canadian Utilities Ltd-A BioMarin Pharmaceutical Inc Bunge Ltd Boston Properties Inc Bunzl PLC Centerpoint Energy Inc Daito Trust Construction Co Lt Citrix Systems Inc DR Horton Inc City Developments Ltd Dai Nippon Printing Co Ltd Coca-Cola Co EMS-Chemie Holding AG Pan Pacific International Hldg F5 Networks Inc Ecolab Inc Deere & Co Dominion Resources Inc / VA Experian PLC Genuine Parts Co Fiserv Inc Fastenal Co Gilead Sciences Inc Fujitsu Ltd Galaxy Entertainment Group Ltd Hirose Electric Co Ltd IGM Financial Inc Hitachi Construction Machinery Hargreaves Lansdown PLC Hoya Corp Halliburton Co ITOCHU Corp Keyera Corp Interpublic Group of Cos Inc Kao Corp KDDI Corp Isuzu Motors Ltd JPMorgan Chase & Co Intesa Sanpaolo SpA Lawson Inc Liberty Global Plc -A- L'Oreal SA LendLease Group Kubota Corp MTR Corporation Koninklijke KPN NV Metro Inc NTT Data Corp Mosaic Co/The National Bank of Canada Mitsubishi Electric Corp Oracle Corp Japan

Overzicht beleggingen 2020 16

Nippon Meat Packers Inc Omron Corp Nucor Corp Occidental Petroleum Corp Nomura Holdings Inc Rinnai Corp Pulte Homes Inc Rakuten Inc Rio Tinto PLC Ryman Healthcare Ltd SKF AB Smiths Group PLC Smith & Nephew PLC SSE PLC Sage Group PLC/The Sino Land Co Ltd Taisho Pharmaceutical Holdings Swatch Group AG Synopsys Inc TOYOTA TSUSHO CORP Stora Enso OYJ Sysco Corp Taiheiyo Cement Corp Sumitomo Mitsui Financial Grou Toyo Suisan Kaisha Ltd United Rentals Inc Twitter Inc Tele2 AB -B- United Parcel Service Inc Texas Instruments Inc Total SA Telstra Corp Ltd Wolters Kluwer NV Visa Inc Wesfarmers Ltd Yokogawa Electric Corp Jazz Pharmaceuticals Plc Direct Line Insurance Group PL Vonovia SE NXP Semiconductor NV Ferrari NV Berkeley Group Holdings PLC MSCI Inc Telia Co AB Elisa OYJ Cadence Design Systems Inc Start Today Co Ltd IHS Markit Ltd Daiwa House REIT Investment Co Sampo Oyj Lamb Weston Holdings Inc LINE Corp DexCom Inc EXOR NV Hilton Worldwide Holdings Inc SBA Communications Corp Open Text Corp Kyushu Railway Co H Lundbeck A/S Siemens Gamesa Renewable Energ MTU Aero Engines Holding AG Take-Two Interactive Software Siemens Healthineers AG Deutsche Boerse AG Equinor ASA GoDaddy Inc Unibail-Rodamco SE & WFD Uniba Naturgy Energy Group SA CyberAgent Inc Sartorius Stedim Biotech Kingspan Group PLC Burlington Stores Inc Akzo Nobel NV CGI Inc KKR & Co Inc Ferguson PLC CyberArk Software Ltd STERIS PLC Erie Indemnity Co Zebra Technologies Corp Factset Research Systems Inc DuPont de Nemours Inc Corteva Inc Genmab A/S NortonLifeLock Inc Mapletree Commercial Trust Equitable Holdings Inc Essential Utilities Inc Ingersoll Rand Inc Ampol Ltd GLP J-Reit Nihon M&A Center Inc EQT AB Nemetschek AG Moderna Inc Banque Cantonale Vaudoise

Overzicht beleggingen 2020 17

Snowflake Inc Sunrun Inc Rockwool International AS FirstService Corp Cloudflare Inc Pool Corp

Tabel 4 Top 5 posities euro Staatsobligaties op 31 december 2020

Positie Percentage binnen Percentage van het beleggingscategorie vermogen Netherlands Government Bond 3,75% 15/01/2042 3,37% 0,97% Netherlands Government 2.750% 15/01/2047 2,94% 0,85% Netherlands Government Bond 4% 15/01/2037 2,85% 0,82% Bundesrepub. Deutschland 2.500% 15/08/2046 2,70% 0,78% Bundesrepub. Deutschland 2.500% 04/07/2044 2,39% 0,69%

Tabel 5 Overzicht beleggingen euro Staatsobligaties op 31 december 2020

Austria Government Bond 3.400% 22/11/2022 Austria Government Bond 3.650% 20/04/2022 Austria Government Bond 4,15% 15/03/2037 Austria Government Bond 4,85% 15/03/2026 Austria Government Bond 6,25% 15/07/2027 Bundesobligation 0% 05/04/2024 Bundesobligation 0% 07/10/2022 Bundesobligation 0% 08/04/2022 Bundesobligation 0% 10/10/2025 Bundesobligation 0% 11/04/2025 Bundesobligation 0% 13/10/2023 Bundesobligation 0% 18/10/2024 Bundesrepub. Deutschland .2500% 15/02/2027 Bundesrepub. deutschland .2500% 15/02/2029 Bundesrepub. Deutschland .2500% 15/08/2028 Bundesrepub. Deutschland .5000% 15/02/2025 Bundesrepub. Deutschland .5000% 15/02/2026 Bundesrepub. Deutschland .5000% 15/02/2028 Bundesrepub. Deutschland .5000% 15/08/2027 Bundesrepub. deutschland 0% 15/02/2030 Bundesrepub. deutschland 0% 15/05/2035 Bundesrepub. Deutschland 0% 15/08/2026 Bundesrepub. deutschland 0% 15/08/2029 Bundesrepub. deutschland 0% 15/08/2030 Bundesrepub. deutschland 0% 15/08/2050 Bundesrepub. Deutschland 1.000% 15/08/2024 Bundesrepub. Deutschland 1.000% 15/08/2025 Bundesrepub. Deutschland 1.250% 15/08/2048 Bundesrepub. Deutschland 1.500% 04/09/2022 Bundesrepub. Deutschland 1.500% 15/02/2023 Bundesrepub. Deutschland 1.500% 15/05/2023 Bundesrepub. Deutschland 1.500% 15/05/2024 Bundesrepub. Deutschland 1.750% 15/02/2024 Bundesrepub. Deutschland 2.000% 15/08/2023 Bundesrepub. Deutschland 2.500% 04/07/2044 Bundesrepub. Deutschland 2.500% 15/08/2046 Bundesrepublik Deutschland 1.750% 04/07/2022 Bundesrepublik Deutschland 3,25% 04/07/2042 Bundesrepublik Deutschland 4% 04/01/2037 Bundesrepublik Deutschland 4,25% 04/07/2039 Bundesrepublik Deutschland 4,75% 04/07/2028 Bundesrepublik Deutschland 4,75% 04/07/2034 Bundesrepublik Deutschland 4,75% 04/07/2040 Bundesrepublik Deutschland 5,5% 04/01/2031 Bundesrepublik Deutschland 5,625% 04/01/2028 Bundesrepublik Deutschland 6,25% 04/01/2024 Bundesrepublik Deutschland 6,25% 04/01/2030 Bundesrepublik Deutschland 6,5% 04/07/2027

Overzicht beleggingen 2020 18

Bundesschatzanweisungen 0% 10/12/2021 Bundesschatzanweisungen 0% 11/03/2022 France (Govt of) .2500% 25/11/2026 France (Govt of) .5000% 25/05/2025 France (govt of) .5000% 25/05/2026 France (govt of) .5000% 25/05/2029 France (govt of) .5000% 25/05/2040 France (Govt Of) .7500% 25/05/2028 France (govt of) .7500% 25/05/2052 France (govt of) .7500% 25/11/2028 France (govt of) 0% 25/02/2022 France (govt of) 0% 25/02/2023 France (govt of) 0% 25/02/2026 France (govt of) 0% 25/03/2024 France (govt of) 0% 25/03/2025 France (Govt Of) 0% 25/05/2022 France (govt of) 0% 25/11/2029 France (govt of) 0% 25/11/2030 France (Govt Of) 1.000% 25/05/2027 France (govt of) 1.000% 25/11/2025 France (govt of) 1.250% 25/05/2034 France (Govt of) 1.250% 25/05/2036 France (govt of) 1.500% 25/05/2031 France (govt of) 1.500% 25/05/2050 France (govt of) 1.750% 25/05/2066 France (govt of) 1.750% 25/06/2039 France (govt of) 1.750% 25/11/2024 France (govt of) 2.000% 25/05/2048 France (Govt of) 2.250% 25/05/2024 France (Govt Of) 2.250% 25/10/2022 France (govt of) 2.500% 25/05/2030 France (Govt Of) 2.750% 25/10/2027 France (Govt Of) 3.000% 25/04/2022 France (Govt of) 3.250% 25/05/2045 France Government Bond OAT 3,5% 25/04/2026 France Government Bond OAT 4% 25/04/2055 France Government Bond OAT 4% 25/04/2060 France Government Bond OAT 4% 25/10/2038 France Government Bond OAT 4,25% 25/10/2023 France Government Bond OAT 4,5% 25/04/2041 France Government Bond OAT 4,75% 25/04/2035 France Government Bond OAT 5,5% 25/04/2029 France Government Bond OAT 5,75% 25/10/2032 France Government Bond OAT 6% 25/10/2025 France Government Bond OAT 8,5% 25/04/2023 Netherlands Government .2500% 15/07/2025 Netherlands government .2500% 15/07/2029 Netherlands government .5000% 15/01/2040 Netherlands Government .5000% 15/07/2026 Netherlands Government .7500% 15/07/2027 Netherlands Government .7500% 15/07/2028 Netherlands Government 0% 15/01/2022 Netherlands Government 0% 15/01/2024 Netherlands government 0% 15/01/2027 Netherlands government 0% 15/01/2052 Netherlands government 0% 15/07/2030 Netherlands Government 1.750% 15/07/2023 Netherlands Government 2.000% 15/07/2024 Netherlands Government 2.750% 15/01/2047 Netherlands Government Bond 2.250% 15/07/2022 Netherlands Government Bond 2.500% 15/01/2033 Netherlands Government Bond 3,75% 15/01/2023 Netherlands Government Bond 3,75% 15/01/2042 Netherlands Government Bond 4% 15/01/2037 Netherlands Government Bond 5,5% 15/01/2028 Republic of austria .5000% 20/02/2029 Republic of Austria .5000% 20/04/2027 Republic Of Austria .7500% 20/02/2028 Republic of austria .7500% 20/03/2051 Republic of Austria .7500% 20/10/2026 Republic of austria .8500% 30/06/2120 Republic of Austria 0% 15/07/2023 Republic of austria 0% 15/07/2024 Republic of austria 0% 20/02/2030 Republic Of Austria 0% 20/09/2022 Republic of austria 0% 20/10/2040 Republic Of Austria 1.200% 20/10/2025 Republic Of Austria 1.500% 02/11/2086 Republic of Austria 1.500% 20/02/2047 Republic of Austria 1.650% 21/10/2024 Republic Of Austria 1.750% 20/10/2023 Republic Of Austria 2.100% 20/09/2117 Republic of Austria 2.400% 23/05/2034 Republic of Austria 3.150% 20/06/2044 Republic of Austria 3.800% 26/01/2062

Overzicht beleggingen 2020 19

Tabel 6 Top 5 posities Obligaties opkomende markten op 31 december 2020

Positie Percentage binnen Percentage van het beleggingscategorie vermogen Dominican Republic 7.450% 30/04/2044 1,45% 0,05% State of qatar 5.103% 23/04/2048 1,40% 0,05% Russian Federation 5.100% 28/03/2035 1,38% 0,05% Republic Of Colombia 7.375% 18/09/2037 1,37% 0,04% State of qatar 4.400% 16/04/2050 1,36% 0,04%

Tabel 7 Overzicht beleggingen Obligaties opkomende markten op 31 december 2020

1MDB Global Investments 4.400% 09/03/2023 Abu dhabi govt int'l 3.125% 30/09/2049 Abu dhabi govt int'l 3.875% 16/04/2050 Abu dhabi national energ 4.000% 03/10/2049 Abu Dhabi National Energ 4.375% Aegea Finance Sarl 5.750% 10/10/2024 22/06/2026 Arab republic of egypt 4.750% 11/04/2025 Arab Republic Of Egypt 4.750% 16/04/2026 Arab Republic Of Egypt 5.625% 16/04/2030 Arab republic of egypt 6.200% 01/03/2024 Arab republic of egypt 6.375% 11/04/2031 Arab Republic of Egypt 6.588% 21/02/2028 Arab Republic of Egypt 7.500% 31/01/2027 Arab republic of egypt 7.600% 01/03/2029 Arab Republic Of Egypt 7.903% 21/02/2048 Arab Republic of Egypt 8.500% 31/01/2047 Arab republic of egypt 8.700% 01/03/2049 Banco nacional de panama 2.500% 11/08/2030 Banco Nal Costa Rica 6.250% 01/11/2023 Bangkok bank pcl/hk VAR 25/09/2034 Banque Cent de Tunisie 5.750% 30/01/2025 BBVA Bancomer SA Texas 6.750% 30/09/2022 Bbva bancomer sa texas VAR 13/09/2034 Bnq cen tunisia int bond 5.625% 17/02/2024 Bnq cen tunisia int bond 6.375% 15/07/2026 Bnq cen tunisia int bond 6.750% 31/10/2023 Braskem America Finance 7.125% 22/07/2041 Braskem idesa sapi 7.450% 15/11/2029 Cdb financial leasing VAR 28/09/2030 Celulosa arauco constitu 4.200% 29/01/2030 Cemex sab de cv 5.450% 19/11/2029 Cnac hk finbridge co ltd 3.875% 19/06/2029 Cnac Hk Finbridge Co Ltd 4.125% 19/07/2027 Cnac Hk Finbridge Co Ltd 4.875% 14/03/2025 Cnooc finance 2013 ltd 3.300% 30/09/2049 Codelco Inc 4.875% 04/11/2044 Codelco Inc 5.625% 18/10/2043 Codelco Inc. 4.250% 17/07/2042 Colombia telecomunicacio 4.950% 17/07/2030 Comision Fed De Electric 5.750% 14/02/2042 Costa Rica Government 4.375% 30/04/2025 Costa Rica Government 5.625% 30/04/2043

Overzicht beleggingen 2020 20

Country garden hldgs 5.625% 14/01/2030 Country garden hldgs 7.250% 08/04/2026 Croatia 1.500% 17/06/2031 Development bank belarus 6.750% Devt Bank Of Mongolia 7.250% 23/10/2023 Dominican republic 4.875% 23/09/2032 02/05/2024 Dominican Republic 5.500% 27/01/2025 Dominican republic 5.875% 30/01/2060 Dominican Republic 5.950% 25/01/2027 Dominican Republic 6.000% 19/07/2028 Dominican republic 6.400% 05/06/2049 Dominican Republic 6.850% 27/01/2045 Dominican Republic 6.875% 29/01/2026 Dominican Republic 7.450% 30/04/2044 Dp World 6.850% 02/07/2037 Dp world crescent ltd 3.875% 18/07/2029 Dubai govt int'l bonds 3.900% 09/09/2050 Dubai Govt Int'l Bonds 5.250% 30/01/2043 Embraer netherlands fina 6.950% 17/01/2028 Energuate trust 5.875% 03/05/2027 Export Credit Bank Of Tu 6.125% 03/05/2024 Export Credit Bank Of Tu 8.250% 24/01/2024 Fed republic of brazil 3.875% 12/06/2030 Fed Republic Of Brazil 5.000% 27/01/2045 Fed Republic of Brazil 5.625% 07/01/2041 Fed Republic of Brazil 5.625% 21/02/2047 Fed Republic of Brazil 7.125% 20/01/2037 Fed Republic of Brazil 8.250% 20/01/2034 Fin dept govt sharjah 4.000% 28/07/2050 Gabonese Republic 6.950% 16/06/2025 Gazprom (Gaz Capital SA) 7.288% 16/08/2037 Gazprom (Gaz Capital SA) 8.625% Globe telecom inc 3.000% 23/07/2035 28/04/2034 Globo communicacoes part 4.875% Gmr Hyderabad Internatio 4.250% Gohl capital ltd 4.250% 24/01/2027 22/01/2030 27/10/2027 Grupo aval ltd 4.375% 04/02/2030 Gtlk europe capital dac 4.949% 18/02/2026 Gtlk europe dac 5.950% 17/04/2025 Honduras government 5.625% 24/06/2030 Honduras Government 6.250% 19/01/2027 Hungary 1.500% 17/11/2050 Hungary 1.750% 05/06/2035 Icd funding ltd 3.223% 28/04/2026 Indian railway finance 3.249% 13/02/2030 Indian railway finance 3.950% 13/02/2050 Indonesia asahan alumini 4.750% Indonesia asahan alumini 5.450% 15/05/2025 15/05/2030 Indonesia Asahan Alumini 6.530% 15/11/2028 Islamic Rep of Pakistan 6.875% 05/12/2027 Islamic Rep of Pakistan 8.250% 15/04/2024 Ivory Coast 5.125% 15/06/2025 JSC Georgian Railway 7.750% 11/07/2022 Jsm global sarl 4.750% 20/10/2030 Jsw steel ltd 5.950% 18/04/2024 Kasikornbank pcl hk VAR 02/10/2031 Kazakhstan Temir Zholy 6.950% 10/07/2042 Kazmunaygas National Co 4.750% 19/04/2027 Kazmunaygas National Co 5.375% Kazmunaygas National Co 5.750% 24/04/2030 19/04/2047 Kazmunaygas National Co 6.375% 24/10/2048 Kingdom Of Bahrain 6.750% 20/09/2029 Kingdom Of Bahrain 7.000% 12/10/2028 Kingdom Of Bahrain 7.000% 26/01/2026 Kingdom of bahrain 7.375% 14/05/2030 Kingdom Of Bahrain 7.500% 20/09/2047 Kingdom of Jordan 5.750% 31/01/2027 Kingdom of jordan 5.850% 07/07/2030 Kingdom Of Jordan 6.125% 29/01/2026 Kingdom Of Jordan 7.375% 10/10/2047 Kingdom of morocco 1.500% 27/11/2031 Kingdom of morocco 3.000% 15/12/2032 Kingdom of morocco 4.000% 15/12/2050 Kingdom of Morocco 5.500% 11/12/2042 Kondor finance plc (nak) 7.125% 19/07/2024 Kondor finance plc (nak) 7.375% 19/07/2022 Kondor finance plc (nak) 7.625% 08/11/2026 Listrindo Capital Bv 4.950% 14/09/2026 Lukoil securities bv 3.875% 06/05/2030 Marb bondco plc 6.875% 19/01/2025 Mdgh - gmtn bv 3.700% 07/11/2049

Overzicht beleggingen 2020 21

Meituan 3.050% 28/10/2030 Mexichem sab de cv 5.500% 15/01/2048 Mexico city arpt trust 5.500% 31/07/2047 Mexico city arpt trust 5.500% 31/10/2046 Millicom Intl Cellular 6.625% 15/10/2026 Mtn Mauritius Invstments 6.500% 13/10/2026 Neerg energy ltd 6.000% 13/02/2022 Nemak sab de cv 4.750% 23/01/2025 Nexa Resources Sa 5.375% 04/05/2027 Oil & Gas Holding 7.500% 25/10/2027 Oil & Gas Holding 7.625% 07/11/2024 Oil & Gas Holding 8.375% 07/11/2028 Oman Gov Interntl Bond 4.750% 15/06/2026 Oman gov interntl bond 6.000% 01/08/2029 Oman Gov Interntl Bond 6.500% 08/03/2047 Oman Gov Interntl Bond 6.750% 17/01/2048 Oman gov interntl bond 6.750% 28/10/2027 Oman Gov Interntl Bond5.375% 08/03/2027 Pertamina Persero Pt 6.500% 07/11/2048 Pertamina Pt 6.500% 27/05/2041 Perusahaan Gas Negara 5.125% 16/05/2024 Petrobras global finance 5.093% 15/01/2030 Petrobras global finance 5.600% 03/01/2031 Petrobras global finance 5.999% 27/01/2028 Petrobras global finance 6.900% 19/03/2049 Petrobras Global Finance 7.375% Petrobras Global Finance 8.750% 17/01/2027 23/05/2026 Petroleos Del Peru SA 4.750% 19/06/2032 Petroleos Del Peru Sa 5.625% 19/06/2047 Petroleos Mexicanos 23/01/2029 Petroleos mexicanos 23/01/2050 Petroleos mexicanos 28/01/2031 Petroleos Mexicanos 6.375% 23/01/2045 Petroleos mexicanos 6.490% 23/01/2027 Petroleos Mexicanos 6.500% 02/06/2041 Petroleos Mexicanos 6.500% 13/03/2027 Petroleos mexicanos 6.625% 15/06/2038 Petroleos mexicanos 6.840% 23/01/2030 Petroleos Mexicanos 6.875% 04/08/2026 Petronas capital ltd 3.500% 21/04/2030 Petronas capital ltd 4.550% 21/04/2050 Petronas capital ltd 4.800% 21/04/2060 Pldt inc 2.500% 23/01/2031 Png Govt Intl Bond 8.375% 04/10/2028 Power finance corp ltd 3.950% 23/04/2030 Power finance corp ltd 6.150% 06/12/2028 Prosus nv 3.680% 21/01/2030 Pt pertamina (persero) 4.700% 30/07/2049 Raizen fuels finance 5.300% 20/01/2027 Rec Limited 5.250% 13/11/2023 Renew power ltd 6.450% 27/09/2022 Republic of belarus 5.875% 24/02/2026 Republic Of Belarus 6.875% 28/02/2023 Republic Of Belarus 7.625% 29/06/2027 Republic of colombia 4.125% 15/05/2051 Republic of Colombia 5.000% 15/06/2045 Republic Of Colombia 6.125% 18/01/2041 Republic Of Colombia 7.375% 18/09/2037 Republic of Costa Rica 4.250% 26/01/2023 Republic of Costa Rica 7.000% 04/04/2044 Republic of ecuador ST 31/07/2035 Republic of el Salvador 5.875% 30/01/2025 Republic Of El Salvador 6.375% 18/01/2027 Republic Of El Salvador 7.625% 01/02/2041 Republic Of El Salvador 7.650% 15/06/2035 Republic Of El Salvador 7.750% 24/01/2023 Republic Of El Salvador 8.250% 10/04/2032 Republic of El Salvador 8.625% 28/02/2029 Republic of Guatemala 4.875% 13/02/2028 Republic Of Guatemala 5.750% 06/06/2022 Republic of Hungary 7.625% 29/03/2041 Republic of Indonesia 3.500% 11/01/2028 Republic Of Indonesia 4.350% 08/01/2027 Republic Of Indonesia 4.350% 11/01/2048 Republic of indonesia 4.450% 15/04/2070 Republic of Indonesia 4.625% 15/04/2043 Republic Of Indonesia 4.750% 08/01/2026 Republic Of Indonesia 5.250% 17/01/2042 Republic Of Indonesia 6.625% 17/02/2037 Republic Of Indonesia 7.750% 17/01/2038 Republic Of Indonesia 8.500% 12/10/2035 Republic Of Kazakhstan 6.500% 21/07/2045 Republic of Kenya 6.875% 24/06/2024 Republic Of Kenya 7.250% 28/02/2028 Republic Of Kenya 8.250% 28/02/2048 Republic of namibia 5.250% 29/10/2025 Republic Of Nigeria 6.500% 28/11/2027 Republic Of Nigeria 7.143% 23/02/2030 Republic Of Nigeria 7.625% 21/11/2025 Republic Of Nigeria 7.696% 23/02/2038

Overzicht beleggingen 2020 22

Republic Of Nigeria 7.875% 16/02/2032 Republic Of Nigeria 8.747% 21/01/2031 Republic Of Nigeria 9.248% 21/01/2049 Republic of Panama 9.375% 01/04/2029 Republic Of Paraguay 5.000% 15/04/2026 Republic Of Paraguay 6.100% 11/08/2044 Republic of peru 2.780% 01/12/2060 Republic of peru 2.783% 23/01/2031 Republic of peru 3.230% 28/07/2121 Republic of Peru 5.625% 18/11/2050 Republic Of Peru 8.750% 21/11/2033 Republic of philippines 2.950% 05/05/2045 Republic of philippines 3.700% 01/03/2041 Republic of Philippines 3.950% 20/01/2040 Republic of Philippines 9.500% 02/02/2030 Republic of serbia 1.500% 26/06/2029 Republic of serbia 2.125% 01/12/2030 Republic Of South Africa 4.850% 27/09/2027 Republic of south africa 4.850% 30/09/2029 Republic Of South Africa 4.875% 14/04/2026 Republic Of South Africa 5.000% 12/10/2046 Republic Of South Africa 5.375% 24/07/2044 Republic Of South Africa 5.650% 27/09/2047 Republic of south africa 5.750% 30/09/2049 Republic of South Africa 5.875% 16/09/2025 Republic Of South Africa 6.250% 08/03/2041 Republic Of South Africa 6.300% 22/06/2048 Republic Of Sri Lanka 5.750% 18/01/2022 Republic Of Sri Lanka 5.750% 18/04/2023 Republic of Sri lanka 6.200% 11/05/2027 Republic of sri lanka 6.350% 28/06/2024 Republic Of Sri Lanka 6.850% 03/11/2025 Republic of sri lanka 6.850% 14/03/2024 Republic of sri lanka 7.550% 28/03/2030 Republic of sri lanka 7.850% 14/03/2029 Republic of Turkey 4.875% 09/10/2026 Republic Of Turkey 5.125% 17/02/2028 Republic of turkey 5.600% 14/11/2024 Republic Of Turkey 5.750% 11/05/2047 Republic of Turkey 5.750% 22/03/2024 Republic Of Turkey 6.000% 14/01/2041 Republic Of Turkey 6.000% 25/03/2027 Republic Of Turkey 6.125% 24/10/2028 Republic of turkey 6.350% 10/08/2024 Republic Of Turkey 6.750% 30/05/2040 Republic Of Turkey 6.875% 17/03/2036 Republic Of Turkey 7.250% 23/12/2023 Republic Of Turkey 7.375% 05/02/2025 Republic Of Turkey 7.625% 26/04/2029 Republic Of Uruguay 15/01/2033 Republic Of Zambia 5.375% 20/09/2022 Republic of Zambia 8.500% 14/04/2024 Rizal commercial banking VAR Romania 3.000% 14/02/2031 Romania 3.875% 29/10/2035 Romania 4.125% 11/03/2039 Romania 4.625% 03/04/2049 Romania 6.125% 22/01/2044 Russia Foreign Bond 12.75% 24/06/2028 Russian Federation 4.250% 23/06/2027 Russian Federation 5.100% 28/03/2035 Russian Federation 5.625% 04/04/2042 Russian Federation 5.875% 16/09/2043 Sasol financing usa llc 5.875% 27/03/2024 Sasol financing usa llc 6.500% 27/09/2028 Sinopec grp dev 2018 2.700% 13/05/2030 Sinopec grp dev 2018 3.680% 08/08/2049 Sinopec Grp Oversea 2012 4.875% Sinopec Grp Oversea 2013 5.375% 17/05/2042 17/10/2043 Sinopec Grp Overseas Dev 3.250% 13/09/2027 Southern Gas Corridor 6.875% 24/03/2026 State of qatar 4.400% 16/04/2050 State Of Qatar 4.500% 23/04/2028 State of qatar 4.817% 14/03/2049 State of qatar 5.103% 23/04/2048 State Oil Co of The Azer 6.950% 18/03/2030 Sunac china holdings ltd 7.000% 09/07/2025 Sunac china holdings ltd 7.875% 15/02/2022 Suzano austria gmbh 3.750% 15/01/2031 Taqa Abu Dhabi Natl Ener 6.500% Thaioil trsry center 3.750% 18/06/2050 27/10/2036 Third Pkstan Intl Sukuk 5.500% 13/10/2021 Third pkstan intl sukuk 5.625% 05/12/2022 Tower bersama infrastruc 4.250% 21/01/2025 Transnet Soc Ltd 4.000% 26/07/2022 Turkiye sinai kalkinma b 6.000% 23/01/2025 Ukraine government 4.375% 27/01/2030

Overzicht beleggingen 2020 23

Ukraine government 6.750% 20/06/2026 Ukraine government 7.253% 15/03/2033 Ukraine Government 7.750% 01/09/2024 Ukraine Government 7.750% 01/09/2025 Ukraine Government 7.750% 01/09/2026 Ukraine Government 7.750% 01/09/2027 Ukraine government 8.994% 01/02/2024 Ukraine government 9.750% 01/11/2028 Ukraine Government Var 31/05/2040 Ukraine rail (rail capl) 8.250% 09/07/2024 United mexican states 4.500% 31/01/2050 United Mexican States 5.750% 12/10/2110 United Mexican States 6.050% 11/01/2040 Vnesheconombank(Veb) 6.800% 22/11/2025 Vtr finance bv 6.375% 15/07/2028 Ypf Sociedad Anonima 8.500% 28/07/2025

Tabel 8 Top 5 posities niet-staatsobligaties op 31 december 2020

Positie Percentage binnen Percentage van totaal beleggingscategorie vermogen Kfw .5000% 28/09/2026 1,34% 0,42% Bundesrepublik Deutschland 1.750% 04/07/2022 1,13% 0,36% European Investment Bank 3.500% 15/04/2027 0,93% 0,29% Land nordrhein-westfalen .2000% 09/04/2030 0,92% 0,29% European Investment Bank 1.250% 13/11/2026 0,81% 0,26%

Tabel 9 Overzicht beleggingen niet-staatsobligaties op 31 december 2020

Abbey Natl Treasury Serv 1.250% 18/09/2024 Abbvie Inc 1.375% 17/05/2024 Abertis infraestructuras 1.125% 26/03/2028 Abn Amro Bank N.V. .5000% 17/07/2023 Abn Amro Bank NV 1.125% 12/01/2032 Abn Amro Bank Nv 1.250% 10/01/2033 ABN Amro Bank NV 7.125% 06/07/2022 Abn Amro Bank Nv Var 18/01/2028 Achmea bv 1.500% 26/05/2027 Achmea bv VAR Adidas ag .6250% 10/09/2035 Aegon Bank .2500% 25/05/2023 Aegon bank .6250% 21/06/2024 Aeroporti di roma spa 1.625% 02/02/2029 Aeroports de Paris 1.000% 13/12/2027 Aeroports de paris 2.750% 02/04/2030 AG Insurance SA/NV VAR 30/06/2047 Ageas VAR 02/07/2049 Agence Francaise Develop 1.000% 31/01/2028 Agence Francaise Develop 1.375% 17/09/2024 Aib group plc 1.250% 28/05/2024 Aib Mortgage Bank .8750% 04/02/2023 Air liquide finance 1.375% 02/04/2030 Akelius Residential Ab 1.750% 07/02/2025 Alliander nv .3750% 10/06/2030 Alliander nv .8750% 24/06/2032 Allianz Finance Ii B.V. 1.500% 15/01/2030 Allianz Se Var 06/07/2047 Allianz Se VAR 18/09/2099 Altarea 1.875% 17/01/2028 America movil sab de cv .7500% 26/06/2027 America Movil SAB de CV 4,75% 28/06/2022 American honda finance 1.950% 18/10/2024

Overzicht beleggingen 2020 24

American Intl Group 1.500% 08/06/2023 American Intl Group 1.875% 21/06/2027 American tower corp .5000% 15/01/2028 Anglo american capital 1.625% 11/03/2026 Anheuser-busch inbev nv 2.750% 17/03/2036 Anheuser-busch inbev sa/ 3.700% 02/04/2040 Annington Funding Plc 1.650% 12/07/2024 Aon Plc 2.875% 14/05/2026 Apple inc .5000% 15/11/2031 Apple inc 0% 15/11/2025 Apple Inc 1.625% 10/11/2026 Aprr sa 1.250% 14/01/2027 Apt pipelines ltd 2.000% 15/07/2030 Argenta spaarbank 1.000% 06/02/2024 Arion banki hf .6250% 27/05/2024 Arkea Home Loans .7500% 05/10/2027 Aroundtown Sa 2.000% 02/11/2026 Asb Finance Ltd London .6250% 18/10/2024 Assicurazioni Generali VAR 27/10/2047 At&t inc 2.050% 19/05/2032 AT&T Inc 2.500% 15/03/2023 At&t inc 2.600% 19/05/2038 Aviva Plc VAR 05/07/2043 Axa bank europe scf .0100% 22/01/2027 AyT Cedulas Cajas Global 3,75% 14/12/2022 Bacardi Ltd 2.750% 03/07/2023 Banca Monte dei Paschi S 1.250% 20/01/2022 Banca Monte Dei Paschi S 2.000% 29/01/2024 Banco bilbao vizcaya arg .3750% 15/11/2026 Banco Bilbao Vizcaya Arg 3.500% 10/02/2027 Banco bilbao vizcaya arg VAR 22/02/2029 Banco de Sabadell sa .6250% 10/06/2024 Banco De Sabadell Sa .8750% 05/03/2023 Banco de sabadell sa 1.125% 27/03/2025 Banco de sabadell sa 1.625% 07/03/2024 Banco de sabadell sa VAR 11/03/2027 Banco santander sa .3000% 04/10/2026 Banco Santander Sa .8750% 09/05/2031 Banco Santander SA 4,625% 04/05/2027 Bank Nederlandse Gemeenten 3.000% 25/10/2021 Bank of america corp VAR 09/05/2026 Bank of America Corp VAR 25/04/2028 Bank of america corp VAR 26/10/2031 Bank of america corp VAR 31/03/2029 Bank of ireland group VAR 25/11/2025 Bank Of Nova Scotia .2500% 11/01/2024 Bank Of Nova Scotia .5000% 22/01/2025 Bankia sa 1.000% 25/06/2024 Bankia sa 1.125% 12/11/2026 Bankinter sa .6250% 06/10/2027 Bankinter sa .8750% 08/07/2026 Bankinter Sa 1.250% 07/02/2028 Banque fed cred mutuel .1000% 08/10/2027 Banque fed cred mutuel .1250% 05/02/2024 Banque Fed Cred Mutuel .5000% 16/11/2022 Banque Fed Cred Mutuel .7500% 15/06/2023 Banque fed cred mutuel 1.250% 03/06/2030 Banque fed cred mutuel 1.875% 18/06/2029 Barclays Plc 1.375% 24/01/2026 Baxter international inc .4000% 15/05/2024 Baxter international inc 1.300% 15/05/2029 Bayer ag VAR 12/11/2079 Bayer capital corp bv 1.500% 26/06/2026 Bayer Capital Corp bv 2.125% 15/12/2029 Belfius Bank Sa/Nv .6250% 30/08/2023 Belfius Bank Sa/Nv .7500% 10/02/2025 Belfius bank sa/nv 0% 28/08/2026 Belfius Bank Sa/Nv 1.000% 12/06/2028 Berkshire hathaway inc 0% 12/03/2025 Berkshire Hathaway Inc 1.300% 15/03/2024 Bg Energy Capital Plc 1.250% 21/11/2022 BHP Billiton Finance Ltd 3.125% 29/04/2033 Bk Nederlandse Gemeenten .2500% 07/05/2025 Bk Nederlandse Gemeenten .5000% 26/08/2022 Bk Nederlandse Gemeenten 1.000% 12/01/2026 Bk Nederlandse Gemeenten 1.500% 29/03/2038 Blackstone pp eur hold 2.200% 24/07/2025 Bmw finance nv 0% 24/03/2023 Bmw Finance Nv 1.000% 29/08/2025 BMW Finance NV 2.625% 17/01/2024 Bng Bank Nv .5000% 26/11/2025 Bnp Paribas 1.000% 17/04/2024 Bnp Paribas 1.125% 10/10/2023 Bnp Paribas 1.125% 28/08/2024 Bnp paribas VAR 15/01/2032 BNP Paribas VAR 20/03/2026 Bnp paribas VAR 23/01/2027 Bp capital markets plc 2.822% 07/04/2032 Bp capital markets plc VAR Bpce sa .6250% 26/09/2024 Bpce Sa .8750% 31/01/2024 Bpce sa 2.875% 22/04/2026 Bpce sfh - societe de fi .0100% 27/05/2030 Bpce Sfh - Societe De Fi 1.000% 08/06/2029 Bper banca 1.000% 22/07/2023 Bpifrance financement sa .0500% 26/09/2029

Overzicht beleggingen 2020 25

Bpifrance Financement Sa .5000% 25/05/2025 Bulgaria 1.375% 23/09/2050 Bulgaria 2.950% 03/09/2024 Bundesrepub. deutschland .2500% 15/02/2029 Bundesrepub. Deutschland 0% 15/08/2026 Bundesrepublik Deutschland 1.750% 04/07/2022 Bunge Finance Europe BV 1.850% 16/06/2023 Bureau veritas sa 1.875% 06/01/2025 Cadent finance plc .7500% 11/03/2032 Caisse D'Amort Dette Soc 1.375% 25/11/2024 Caisse d'Amort Dette Soc 2.375% 25/01/2024 Caisse francaise de fin .6250% 26/01/2023 Caisse Francaise de Fin 3.000% 02/10/2028 Caisse refinance l'habit .0100% 08/10/2029 Caisse Refinance L'Habit SA 3.900% 20/10/2023 Caixabank Sa 1.000% 08/02/2023 Caixabank sa 1.375% 19/06/2026 Caja de Ahor Monte Piedad Madrid 4,125% 24/03/2036 Capgemini se 2.375% 15/04/2032 Capital one financial co .8000% 12/06/2024 Carlsberg breweries a/s .8750% 01/07/2029 Carrefour 1.000% 17/05/2027 Carrefour 1.750% 04/05/2026 Carrefour sa 2.625% 15/12/2027 Cassa Depositi E Prestit 1.500% 21/06/2024 Castellum Ab 2.125% 20/11/2023 Cedulas TDA 6 Fondo Acti 3,875% 23/05/2025 Cedulas TDA 6 Fondo Acti 4,25% 10/04/2031 Chorus ltd .8750% 05/12/2026 Chorus Ltd 1.125% 18/10/2023 Christian Dior Se .7500% 24/06/2021 Chubb Ina Holdings Inc .8750% 15/06/2027 Chubb Ina Holdings inc 1.550% 15/03/2028 Cie de saint-gobain 2.375% 04/10/2027 Cie Financement Foncier .5000% 04/09/2024 Cie Financement Foncier .6250% 10/02/2023 Cie Financement Foncier .8750% 11/09/2028 Cie Financement Foncier 1.125% 24/06/2025 Citigroup Inc 1.500% 26/10/2028 Citigroup inc VAR 24/07/2026 City of Milan 4,019% 29/06/2035 Ck hutchison group .7500% 17/04/2026 Clearstream banking ag 0% 01/12/2025 Cloverie Plc Swiss Reins Var 01/09/2042 Cnh industrial fin eur s 1.625% 03/07/2029 Cnh industrial fin eur s 1.750% 25/03/2027 Cnh Industrial Fin Eur S 1.875% 19/01/2026 Cnh industrial fin eur s ZC 01/04/2024 Cnp assurances VAR 27/07/2050 Coca-Cola Co/The .7500% 22/09/2026 Coca-Cola Enterprises 2.375% 07/05/2025 Coca-cola european partn .7000% 12/09/2031 Coca-cola European Partn .7500% 24/02/2022 Coca-Cola European Partn 1.500% 08/11/2027 Coca-cola european partn 1.750% 27/03/2026 Cofinimmo .8750% 02/12/2030 Comcast corp .2500% 20/05/2027 Comcast corp .7500% 20/02/2032 Comcast corp 1.250% 20/02/2040 Commerzbank ag .5000% 28/08/2023 Commerzbank Ag .6250% 28/05/2025 Commerzbank ag .6250% 28/08/2024 Commonwealth Bank Aust .3750% 11/04/2024 Commonwealth Bank Aust .8750% 19/02/2029 Community of Madrid Spain 2.875% 17/07/2023 Compagnie fin et indus 1.000% 19/05/2031 Comunidad De Madrid 4.300% 15/09/2026 Cooperatieve Rabobank Ua .2500% 31/05/2024 Cooperatieve rabobank ua VAR 05/05/2028 Covivio 1.625% 23/06/2030 Cpi property group sa 1.625% 23/04/2027 Cred Mutuel- Cic Home Lo 2.500% 11/09/2023 Cred mutuel home loan sf .1250% 09/04/2025 Cred Suis Gp Fun Ltd 1.250% 14/04/2022 Credit Agricole Assrnces VAR 29/01/2048 Credit Agricole Cariparm .6250% 13/01/2026 Credit Agricole Home Loa .5000% 19/02/2026 Credit Agricole Home Loa 1.250% 24/03/2031 Credit agricole london .5000% 24/06/2024 Credit agricole sa 1.000% 03/07/2029 Credit agricole sa 2.000% 25/03/2029 Credit mutuel arkea 1.125% 23/05/2029 Credit Mutuel Arkea VAR 25/10/2029 Credit suisse group ag VAR 02/04/2026 Croatia 1.125% 19/06/2029 Cte Co Transp Elec .8750% 29/09/2024 Cte Co Transp Elec 2.125% 29/07/2032 Ctp bv .6250% 27/11/2023 Ctp bv 2.125% 01/10/2025 Czech Republic International 3,625% 14/04/2021 Daimler ag .7500% 08/02/2030 Daimler ag .7500% 10/09/2030 Daimler Ag 1.000% 15/11/2027

Overzicht beleggingen 2020 26

Daimler ag 2.000% 22/08/2026 Daimler intl finance bv .8750% 09/04/2024 Daimler intl finance bv 1.500% 09/02/2027 Danaher corp 2.500% 30/03/2030 Danske Bank A/s .7500% 02/06/2023 Danske bank a/s VAR 27/08/2025 Dbs Group Holdings Ltd Var 11/04/2028 De volksbank nv .0100% 16/09/2024 De volksbank nv .7500% 25/06/2023 Deut pfandbriefbank ag .1250% 05/09/2024 Deut Pfandbriefbank Ag 1.250% 20/04/2035 Deutsche bahn fin gmbh .6250% 08/12/2050 Deutsche bahn fin gmbh .7500% 16/07/2035 Deutsche bahn fin gmbh 1.375% 16/04/2040 Deutsche bahn fin gmbh VAR Deutsche boerse ag 1.125% 26/03/2028 Deutsche Telekom Int Fin .6250% 01/12/2022 Deutsche Telekom Int Fin .6250% 13/12/2024 Deutsche wohnen se 1.500% 30/04/2030 Dexia Credit Local .7500% 25/01/2023 Dh europe finance .4500% 18/03/2028 Dh europe finance .7500% 18/09/2031 Dh europe finance 1.350% 18/09/2039 Diageo finance plc 2.500% 27/03/2032 Dnb bank asa .0500% 14/11/2023 DNB Boligkreditt AS .2500% 07/09/2026 Dow chemical co/the .5000% 15/03/2027 Dow chemical co/the 1.875% 15/03/2040 Dp World Ltd 2.375% 25/09/2026 Dvb Bank SE 1.250% 15/09/2021 Dxc Technology Co 1.750% 26/01/2026 E.ON Intl 5,75% 14/02/2033 E.on se 1.000% 07/10/2025 EDF SA 4.50% 12/11/2040 Efsf .2000% 28/04/2025 Efsf .4000% 26/01/2026 Efsf .7500% 03/05/2027 Efsf .8750% 10/04/2035 Efsf 0% 24/04/2023 Efsf 1.750% 17/07/2053 Efsf 1.750% 27/06/2024 Efsf 1.800% 10/07/2048 Efsf 2.350% 29/07/2044 Electricite de france sa 2.000% 02/10/2030 Electricite de france sa VAR Elenia finance oyj .3750% 06/02/2027 Elia System Op Sa/Nv 1.375% 14/01/2026 Elia System Op Sa/nv 1.375% 27/05/2024 Elia System Op Sa/Nv 1.500% 05/09/2028 Elia System OP SA/NV 3.250% 04/04/2028 Elia transmission be .8750% 28/04/2030 Emerson electric co .3750% 22/05/2024 ENBW International Finance BV 6,125% Enbw VAR 05/08/2079 07/07/2039 Enel finance intl nv .3750% 17/06/2027 Enel finance intl nv 0% 17/06/2024 Enel spa VAR 24/05/2080 Energias de portugal sa 1.625% 15/04/2027 Enexis holding nv .6250% 17/06/2032 Enexis Holding Nv 1.500% 20/10/2023 Enexis holding nv 75.00% 02/07/2031 Engie Sa 1.375% 22/06/2028 Engie sa 2.125% 30/03/2032 Engie sa VAR Eni spa .6250% 23/01/2030 Equinor asa 1.375% 22/05/2032 Erste group bank ag .3750% 16/04/2024 Erste Group Bank Ag .6250% 19/01/2023 Erste group bank ag .8750% 15/05/2034 Erste group bank ag .8750% 22/05/2026 Esb finance dac 2.125% 05/11/2033 Essilorluxottica .2500% 05/01/2024 Euro Stability Mechanism .1250% 22/04/2024 Euro Stability Mechanism .7500% 15/03/2027 Euro Stability Mechanism 0% 17/01/2022 Euro Stability Mechanism 1.000% 23/09/2025 Euro Stability Mechanism 1.800% 02/11/2046 Euro Stability Mechanism 1.850% 01/12/2055 Euro Stability Mechanism 2.125% 20/11/2023 Euroclear Investments Sa 1.125% 07/12/2026 Euroclear Investments Sa 1.500% 11/04/2030 Eurogrid gmbh 1.113% 15/05/2032 Euronet worldwide inc 1.375% 22/05/2026 European Fin Stability Facility 3.875% 30/03/2032 European Investment Bank .5000% 15/11/2023 European Investment Bank 1.000% 14/03/2031 European Investment Bank 1.000% 14/04/2032 European Investment Bank 1.250% 13/11/2026 European Investment Bank 1.375% 15/09/2021 European Investment Bank 1.500% 16/10/2048 European Investment Bank 3.00% 28/09/2022 European Investment Bank 3.500% 15/04/2027 European Investment Bank 3.625% 14/03/2042

Overzicht beleggingen 2020 27

European Investment Bank 4,125% 15/04/2024 European union 0% 04/07/2035 European Union 2.875% 04/04/2028 European Union 3.000% 04/09/2026 European Union 3.375% 04/04/2038 European Union 3.750% 04/04/2042 Exxon mobil corporation .8350% 26/06/2032 F Van Lanschot Bankiers .3750% 31/03/2023 Fastighets ab balder 1.125% 29/01/2027 Fca bank spa ireland .2500% 28/02/2023 Fca bank spa ireland .5000% 13/09/2024 Fca Bank Spa Ireland 1.000% 15/11/2021 Fca Bank Spa Ireland 1.000% 21/02/2022 Fedex Corp 1.625% 11/01/2027 Fingrid Oyj 3.500% 03/04/2024 Firmenich productions 1.750% 30/04/2030 Flemish community 1.500% 11/04/2044 Fluvius system op .2500% 02/12/2030 Freie hansestadt bremen 1.200% 30/01/2034 Freie hansestadt hamburg .8000% 11/04/2034 Freie Hansestadt Hamburg 1.875% 27/02/2024 Freistaat bayern .0100% 18/01/2035 Fresenius medical care a 1.250% 29/11/2029 Fresenius medical care a 1.500% 29/05/2030 Fresenius se & co kgaa 1.625% 08/10/2027 Gas Natural Fenosa Finan .8750% 15/05/2025 Gas networks ireland .1250% 04/12/2024 GE Capital European Funding 4,625% 22/02/2027 GE Capital European Funding 6,025% 01/03/2038 Gelf bond issuer i sa 1.125% 18/07/2029 Gemeinsame bundeslaender .0100% 26/08/2030 Gemeinsame Bundeslaender .1250% 14/04/2023 General Electric Capital Corp 4,125% 19/09/2035 General Electric Co 1.500% 17/05/2029 General mills inc .4500% 15/01/2026 General Motors Finl Co 2.200% 01/04/2024 Givaudan fin europe 1.625% 22/04/2032 Glaxosmithkline Capital 1.375% 12/09/2029 Glencore Finance Europe 3.750% 01/04/2026 Goldman Sachs Group inc 1.250% 01/05/2025 Goldman Sachs Group Inc 2.000% 27/07/2023 Goldman sachs group inc 3.375% 27/03/2025 Groupama Sa VAR 28/5.2024 Grp Bruxelles Lambert Sa 1.375% 23/05/2024 Grp Bruxelles Lambert SA 1.875% 19/06/2025 Harley-davidson finl ser 3.875% 19/05/2023 Heathrow funding ltd 1.500% 12/10/2025 Heineken nv 1.750% 07/05/2040 Heineken nv 2.250% 30/03/2030 Holcim Finance Lux Sa 2.250% 26/05/2028 Holding d'infrastructure 1.625% 18/09/2029 Holding d'infrastructure 2.250% 24/03/2025 Hsbc France .6000% 20/03/2023 Hsbc Holdings Plc .8750% 06/09/2024 Hungary 1.625% 28/04/2032 Ibm corp .3000% 11/02/2028 Ibm corp .6500% 11/02/2032 Ibm corp .9500% 23/05/2025 Ibm corp 1.500% 23/05/2029 Iliad Sa 1.875% 25/04/2025 Illinois tool works inc 1.000% 05/06/2031 IM Cedulas 10 4,5% 21/02/2022 Imerys SA 2.000% 10/12/2024 Immofinanz Ag 2.625% 27/01/2023 Infineon technologies ag 1.125% 24/06/2026 Ing bank nv .7500% 18/02/2029 ING Bank NV 1.875% 22/05/2023 Ing Bank Nv Netherlands .6250% 11/09/2025 Ing Groep Nv 1.000% 20/09/2023 Ing Groep Nv 1.375% 11/01/2028 Ing Groep Nv 2.125% 10/01/2026 Ing groep nv VAR 26/05/2031 Intercontinental Hotels 2.125% 15/05/2027 Intesa Sanpaolo Spa 1.750% 20/03/2028 Intl Bk Recon & Develop .5000% 16/04/2030 Investor Ab 1.500% 12/09/2030 Islandsbanki VAR 19/01/2024 Jab Holdings bv 1.750% 25/06/2026 Jab holdings bv 2.250% 19/12/2039 Jab holdings bv 2.500% 25/06/2029 John deere cash manageme 2.200% 02/04/2032 Jpmorgan Chase & Co 1.500% 29/10/2026 Jpmorgan chase & co VAR 04/11/2032 Jpmorgan chase & co VAR 24/02/2028 Kbc Group Nv .7500% 18/10/2023 Kbc group nv .8750% 27/06/2023 Kbc group nv VAR 16/06/2027 KFW .3750% 09/03/2026 KFW .3750% 23/04/2030 Kfw .5000% 28/09/2026 KFW .6250% 04/07/2022 Kfw 1.250% 04/07/2036 Kfw 1.375% 31/07/2035 Kkr grp fin co v llc 1.625% 22/05/2029 Kojamo oyj 1.875% 27/05/2027 Kommunekredit .5000% 24/01/2025

Overzicht beleggingen 2020 28

Koninkijke Ahold Dlhaize 1.125% 19/03/2026 Koninkijke ahold dlhaize 1.750% 02/04/2027 Koninklijke Kpn Nv 1.125% 11/09/2028 Koninklijke Philips Nv .5000% 06/09/2023 Koninklijke philips nv .5000% 22/05/2026 Koninklijke philips nv 2.000% 30/03/2030 Kreditanstalt Fuer Wiederaufbau 1.500% Kreditanstalt Fuer Wiederaufbau 2.500% Kreditanstalt Fuer Wiederaufbau 3,5% 04/07/2021 11/06/2024 17/01/2022 La Banque Post Home Loan .5000% 30/01/2026 La banque postale VAR 17/06/2026 La Banque Postale VAR 23/04/2026 La poste sa 1.375% 21/04/2032 Land Baden-Wuerttemberg .6250% 27/01/2026 Land Berlin 1.000% 19/05/2032 Land Brandenburg .7500% 08/08/2036 Land Hessen 1.300% 10/10/2033 Land niedersachsen 1.125% 12/09/2033 Land nordrhein-westfalen .2000% 09/04/2030 Land Nordrhein-Westfalen .2000% 17/04/2023 Land Nordrhein-Westfalen 1.550% 16/06/2048 Land nordrhein-westfalen 1.750% 11/07/2068 Land Nordrhein-Westfalen 1.750% 26/10/2057 Land nordrhein-westfalen 2.150% 21/03/2119 Land Nordrhein-Westfalen 2.375% 13/05/2033 Land rheinland-pfalz .0500% 23/01/2030 Land schleswig-holstein .2000% 15/08/2039 Land thueringen .1000% 09/07/2035 Landbk Hessen-Thueringen .8750% 20/03/2028 Landwirtsch. Rentenbank .6250% 20/02/2030 Lb Baden-Wuerttemberg .2500% 10/01/2025 Lb baden-wuerttemberg .3750% 24/05/2024 Lb Baden-Wuerttemberg .3750% 27/02/2025 Leaseplan Corporation Nv 1.000% 02/05/2023 Leaseplan corporation nv 1.000% 25/02/2022 Leaseplan corporation nv 1.375% 07/03/2024 Leaseplan corporation nv 3.500% 09/04/2025 Leeds Building Society 2.625% 01/04/2021 Leg immobilien ag .8750% 28/11/2027 Lloyds Banking Group Plc 1.000% 09/11/2023 Lloyds bk corp mkts plc .3750% 28/01/2025 Logicor financing sarl 2.250% 13/05/2025 Logicor financing sarl 3.250% 13/11/2028 Magna International Inc 1.500% 25/09/2027 Magna International Inc 1.900% 24/11/2023 Mahle gmbh 2.375% 20/05/2022 Mcdonald's corp 1.600% 15/03/2031 Mcdonald's Corp 2.625% 11/06/2029 Mediobanca Spa 1.375% 10/11/2025 Medtronic global hldings 1.125% 07/03/2027 Medtronic global hldings 1.500% 02/07/2039 Medtronic global hldings 2.250% 07/03/2039 Merck & Co Inc 1.875% 15/10/2026 Merck fin services gmbh .1250% 16/07/2025 Merck kgaa VAR 09/09/2080 Merlin properties socimi 2.375% 13/07/2027 Met Life Glob Funding i .8750% 20/01/2022 Metso outotec oyj .8750% 26/05/2028 Microsoft Corp 2.625% 02/05/2033 Mitsubishi Ufj Fin Grp .8720% 07/09/2024 Mms usa financing inc 1.250% 13/06/2028 Mohawk capital finance 1.750% 12/06/2027 Molson Coors Brewing Co 1.250% 15/07/2024 Mondi finance europe 2.375% 01/04/2028 Morgan stanley VAR 26/07/2024 Muenchener Hypothekenbnk 2.500% 04/07/2028 Mylan NV 2.250% 22/11/2024 National Australia Bank .6250% 30/08/2023 National Australia Bank .7500% 30/01/2026 National Australia Bank 1.875% 13/01/2023 National Grid Na Inc .7500% 08/08/2023 National Grid Na Inc 1.000% 12/07/2024 Nationwide Bldg Society .6250% 25/03/2027 Nationwide Bldg Society .7500% 26/10/2022 Nationwide Bldg Society Var 08/03/2026 Naturgy finance bv 1.250% 15/01/2026 Natwest markets plc 1.000% 28/05/2024 Ne property bv 2.625% 22/05/2023 Neder Waterschapsbank .2500% 07/06/2024 Neder Waterschapsbank 1.250% 27/05/2036 Neder Waterschapsbank 1.625% 29/01/2048 Nederlandse gasunie n.v. 1.375% 16/10/2028 Nestle finance intl ltd 0% 03/03/2033 Nestle finance intl ltd 0% 03/12/2025 Nestle finance intl ltd 1.500% 01/04/2030 New york life global fdg .2500% 23/01/2027 Ngg finance plc VAR 05/09/2082 Nibc Bank NV 1.000% 24/01/2028 Nibc Bank Nv 1.125% 19/04/2023 Nibc bank nv 2.000% 09/04/2024 Nn bank nv netherlands .3750% 31/05/2023 Nn Bank Nv Netherlands .5000% 10/10/2024 NN Group NV VAR

Overzicht beleggingen 2020 29

Nordea bank ab .8750% 26/06/2023 Nordea Bank Ab 1.000% 22/02/2023 Nordea bank abp .3750% 28/05/2026 Nordea Bank Finland Plc .6250% 17/03/2027 Nordea Bank Finland Plc 1.000% 05/11/2024 Nordea mortgage bank plc .2500% 18/03/2026 Nrw.bank .6250% 02/02/2029 Oebb Infrastruktur Ag 3.000% 24/10/2033 Omv ag VAR Ontario (province of) .3750% 08/04/2027 Op Mortgage Bank 1.000% 28/11/2024 Optus Finance Pty Ltd 1.000% 20/06/2029 Orange sa 1.250% 07/07/2027 Orange sa 1.625% 07/04/2032 Orange Sa VAR 1/10/2099 Paccar financial europe 0% 03/03/2023 Parker-Hannifin Corp 01/03/2025 Pepsico inc .4000% 09/10/2032 Pernod ricard sa 1.750% 08/04/2030 Priceline Group Inc/The .8000% 10/03/2022 Priceline group inc/the 2.375% 23/09/2024 Procter & gamble co/the .5000% 25/10/2024 Prologis euro finance 1.875% 05/01/2029 Prologis intl fund ii 1.625% 17/06/2032 Prosegur cash sa 1.375% 04/02/2026 Province Of Quebec .8750% 04/05/2027 Province Of Quebec 1.125% 28/10/2025 Psa Banque France .6250% 21/06/2024 Quadient sas 2.250% 03/02/2025 Raiffeisen bank intl .2500% 22/01/2025 Raiffeisen bank intl .3750% 25/09/2026 Raiffeisen Bank Intl 6.000% 16/10/2023 Raiffeisen bank intl VAR 18/06/2032 Rci banque sa 1.125% 15/01/2027 Rci banque sa 1.625% 26/05/2026 Reckitt benckiser tsy nl .7500% 19/05/2030 Redexis gas finance bv 1.875% 28/05/2025 Regie Autonome Des Trans .8750% 25/05/2027 Region of Ile de France 2.250% 10/06/2023 Relx finance bv .5000% 10/03/2028 Repsol intl finance 2.625% 15/04/2030 Republic of chile .8300% 02/07/2031 Republic Of Indonesia 1.750% 24/04/2025 Republic of Italy 5,125% 31/07/2024 Republic Of Poland 2.375% 18/01/2036 Reseau Ferre de France 2.625% 29/12/2025 Romania 2.875% 28/10/2024 Romania 3.500% 03/04/2034 Romania 4.625% 03/04/2049 Royal bank of canada .0500% 19/06/2026 Royal Bk Scotlnd Grp Plc 2.500% 22/03/2023 Royal Bk Scotlnd Grp Plc VAR 02/03/2026 Royal bk scotlnd grp plc VAR 04/03/2025 Royal Mail Plc 2.375% 29/07/2024 Royal schiphol group nv 1.500% 05/11/2030 Rte reseau de transport 1.125% 09/09/2049 Rte Reseau De Transport 2.125% 27/09/2038 Sampo oyj VAR 23/05/2049 Sanofi 0% 13/09/2022 Sanofi 0% 21/03/2022 Sanofi 1.125% 05/04/2028 Sanofi 1.250% 21/03/2034 Sanofi 1.500% 01/04/2030 Santan consumer finance .3750% 27/06/2024 Santan Consumer Finance 1.000% 26/05/2021 Santan consumer finance 1.125% 09/10/2023 Santander consumer bank .2500% 15/10/2024 Santander Consumer Bank .7500% 01/03/2023 Santander Consumer Bank .7500% 17/10/2022 Santander Issuances 3.250% 04/04/2026 Santander UK Group Hldgs 1.125% 08/09/2023 Santander uk plc .1000% 12/05/2024 Sap se .2500% 10/03/2022 Sap se .7500% 10/12/2024 Sato-oyj 1.375% 24/02/2028 Scentre Group Trust 1/2 1.750% 11/04/2028 Schiphol Nederland BV 4.430% 28/04/2021 Scor se VAR 17/09/2051 Selp Finance Sarl 1.250% 25/10/2023 Shell international fin .5000% 08/11/2031 Shell international fin .8750% 08/11/2039 Shinhan bank .2500% 16/10/2024 Siemens financieringsmat .3750% 05/06/2026 Siemens financieringsmat 1.250% 28/02/2031 Signify nv 2.375% 11/05/2027 Skandinaviska Enskilda .7500% 15/11/2027 Sky Plc 2.250% 17/11/2025 Smiths group plc 2.000% 23/02/2027 Sncf Reseau 1.500% 29/05/2037 Sncf sa .6250% 17/04/2030 Sns Bank NV .7500% 24/10/2031 Societa esercizi aeropor 3.500% 09/10/2025 Societe du grand paris 1.000% 18/02/2070 Societe du grand paris 1.700% 25/05/2050 Societe fonciere lyonnai 1.500% 05/06/2027 Societe generale 1.250% 12/06/2030

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Societe Generale 1.250% 15/02/2024 Societe Generale 1.375% 13/01/2028 Societe Generale Sfh .2500% 23/01/2024 Societe Generale Sfh .7500% 18/10/2027 Societe Generale Var 16/09/2026 Sogecap SA VAR 29/12/2049 Solvay Sa 1.625% 02/12/2022 Sse Plc 1.750% 08/09/2023 Sse plc 1.750% 16/04/2030 SSE Plc 2.375% 10/02/2022 Standard chartered plc VAR 27/01/2028 State of Berlin 1.375% 05/06/2037 State Of Israel 1.500% 18/01/2027 State Of Israel 2.500% 16/01/2049 Statoil Asa 2.875% 10/09/2025 Stedin holding nv .5000% 14/11/2029 Stedin Holding Nv .8750% 24/10/2025 Stedin holding nv 1.375% 19/09/2028 Suez 1.250% 02/04/2027 Sumitomo mitsui finl grp .8190% 23/07/2023 Svenska handelsbanken ab 1.000% 15/04/2025 Svenska Handelsbanken AB 1.125% 14/12/2022 Swedbank ab .2500% 09/10/2024 Swedbank Ab .4000% 29/08/2023 Swiss Life (Demeter) VAR 4.375% 29/12/2049 Swiss re finance lux VAR 30/04/2050 Swisscom Ag (Lunar Fundi 1.125% 12/10/2026 Takeda Pharmaceutical 3.000% 21/11/2030 Telefonica Emisiones Sau 1.069% 05/02/2024 Telefonica emisiones sau 1.864% 13/07/2040 Telenor asa .8750% 14/02/2035 Telstra Corp Ltd 1.125% 14/04/2026 Telstra corp ltd 1.375% 26/03/2029 Telstra Corp Ltd 3.625% 15/03/2021 Temasek Financial I Ltd .5000% 01/03/2022 Temasek financial i ltd .5000% 20/11/2031 Tennet holding bv .1250% 30/11/2032 Tennet Holding Bv .7500% 26/06/2025 Tennet holding bv .8750% 03/06/2030 Terna spa 1.000% 23/07/2023 Tesco corp treasury serv .8750% 29/05/2026 Thermo fisher scientific .1250% 01/03/2025 Thermo fisher scientific .5000% 01/03/2028 Thermo Fisher Scientific 1.450% 16/03/2027 Thermo Fisher Scientific 2.875% 24/07/2037 Tlg immobilen ag .3750% 23/09/2022 Toronto-dominion bank .6250% 20/07/2023 Total Capital Intl Sa 1.375% 04/10/2029 Total capital intl sa 1.491% 04/09/2030 Total capital intl sa 1.994% 08/04/2032 Total S.A. VAR Total Sa VAR 29/12/2049 Toyota motor credit corp .2500% 16/07/2026 Transurban finance co 1.450% 16/05/2029 Ubs ag london .7500% 21/04/2023 UBS AG/London 4% 08/04/2022 Ubs Group Funding 1.750% 16/11/2022 Unedic .6250% 17/02/2025 Unedic 0% 05/03/2030 Unedic 1.250% 21/10/2027 Unibail-rodamco-westfld 2.000% 29/06/2032 Unicredit Bank Ag .6250% 20/11/2025 Unicredit BK Austria AG 2.375% 22/01/2024 Unicredit spa VAR 25/06/2025 Unilever Nv 1.125% 29/04/2028 Unilever nv 1.750% 25/03/2030 Unione di banche italian 1.500% 10/04/2024 United Mexican States 3.625% 09/04/2029 United overseas bank ltd .0100% 01/12/2027 United Parcel Service .3750% 15/11/2023 Upjohn finance bv 1.362% 23/06/2027 Upm-kymmene oyj .1250% 19/11/2028 Us Bancorp .8500% 07/06/2024 Veolia environnement sa .6640% 15/01/2031 Veolia environnement sa 1.250% 15/04/2028 Verizon communications 1.300% 18/05/2033 Verizon Communications 2.875% 15/01/2038 Vesteda finance bv 1.500% 24/05/2027 Vier Gas Transport Gmbh 1.500% 25/09/2028 Vilmorie Et Comp 2.375% 26/05/2021 Vodafone Group Plc 2.875% 20/11/2037 Volkswagen bank gmbh 1.250% 10/06/2024 Volkswagen Bank Gmbh 2.500% 31/07/2026 Volkswagen fin serv ag .6250% 01/04/2022 Volkswagen fin serv ag 1.500% 01/10/2024 Volkswagen fin serv ag 3.375% 06/04/2028 Volkswagen Intl Fin NV 1.875% 30/03/2027 Volkswagen Intl Fin Nv 4.125% 16/11/2038 Volkswagen intl fin nv VAR Volkswagen Intl Fin Nv Var 14/6/2099 Volkswagen Leasing Gmbh .5000% 20/06/2022 Volkswagen Leasing Gmbh 1.375% 20/01/2025 Volkswagen Leasing Gmbh 2.625% 15/01/2024 Volvo treasury ab 1.625% 26/05/2025 Vonovia finance bv 2.250% 07/04/2030 Wellcome Trust Ltd/The 1.125% 21/01/2027

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Wells Fargo & Company 1.000% 02/02/2027 Wells Fargo & Company 1.500% 12/09/2022 Wells Fargo & Company 1.625% 02/06/2025 Wells Fargo & Company 2.125% 04/06/2024 Wells fargo & company VAR 04/05/2025 Wells fargo & company VAR 04/05/2030 Westpac Banking Corp .5000% 16/01/2025 Westpac Banking Corp .6250% 22/11/2024 Westpac BankingCcorp .7500% 17/10/2023 Wintershall dea finance 1.332% 25/09/2028 Wpc Eurobond BV 2.125% 15/04/2027 Wpp finance sa 2.375% 19/05/2027 Yorkshire Building Soc .3750% 11/04/2023 Zimmer biomet holdings 1.164% 15/11/2027

Opsomming Externe managers mandaten en fondsbeleggingen

Aandelen Wereld (Ontwikkelde Markten) Pensioenfonds Achmea belegt passief in aandelen wereld ontwikkelde markten middels een discretionair mandaat bij de manager BlackRock. De benchmark is op maat gemaakt en bestaat uit de MSCI World minus de effecten van uitgevende instellingen die voorkomen op de uitsluitingslijst.

Aandelen Opkomende Markten Via het BlackRock MSCI Emerging Markets Index Fund belegt Pensioenfonds Achmea in aandelen opkomende markten. BlackRock is aangesteld als passieve manager voor deze categorie. De doelstelling van dit fonds is het repliceren van de risico- en rendements-karakteristieken van de index. De fondsbeheerder hanteert het proces van fysieke replicatie om deze doelstelling te realiseren. Het belegt in de ondernemingen die deel uitmaken van de MSCI Emerging Markets Index.

Obligaties Opkomende Markten Pensioenfonds Achmea belegt in staatsobligaties uit opkomende markten (EMD). Binnen de beleggingscategorie maakt Pensioenfonds Achmea enerzijds onderscheid in schuldpapier uitgegeven in harde valuta (hard currency, HC), voornamelijk de Amerikaanse dollar, en in lokale valuta (local currency, LC). De EMD HC beleggingen van Pensioenfonds Achmea vinden plaats door middel van een discretionair mandaat dat beheerd wordt door de operationeel vermogensbeheerder PGIM Limited. De EMD LC beleggingen vinden plaats door middel van deelname in het Emerging Markets Local Currency Dynamic Debt Fund dat beheerd wordt door de operationeel vermogensbeheerder Ninety One (voorheen Investec) en door participatie in het Achmea IM (LC) Emerging Markets Debt Fund.

Global High Yield Via een participatie in het Achmea IM Global High Yield Fund belegt Pensioenfonds Achmea in hoogrentende bedrijfsobligaties. Het betreft een multimanager pool (fonds voor gemene rekening). Er zijn momenteel 4 US managers en 1 Europese manager aangesteld. De combinatie van managers wordt geselecteerd en gemonitord door Achmea IM Externe Managers. Het vermogen wordt actief beheerd en voornamelijk belegd in Europese en/of Noord-Amerikaanse High Yield instrumenten met een kredietwaardigheid van BB of lager. Via de toegestane off-benchmark ruimte belegt het fonds in bank loans.

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Staatsobligaties euro Pensioenfonds Achmea belegt in staatsobligaties euro via een discretionair mandaat onder beheer bij Achmea IM. De benchmark voor staatsobligaties euro is samengesteld op basis van een niet-schuldgewogen verdeling naar landen met als hoofddoel het matchen van het renterisico van de pensioenverplichtingen.

Niet-staatsobligaties euro Pensioenfonds Achmea belegt in niet-staatsobligaties (semi-staatsobligaties, bedrijfsobligaties en gesecuritiseerde obligaties) genoteerd in euro. Dit vindt plaats door twee soortgelijke discretionaire mandaten bij de operationeel vermogensbeheerders Robeco Institutional Asset Management (Robeco en M&G Investment Management Limited .

Hypotheken Pensioenfonds Achmea belegt in hypotheken. Dit via een participatie in het PVF Particuliere Hypothekenfonds van Syntrus Achmea Real Estate & Finance en het Dutch Mortgage Fund van Dynamic Credit. Het PVF Particuliere Hypotheken fonds (SAREF) betreft een institutioneel fonds voor gemene rekening (FGR) waarin wordt belegd in woninghypotheken in Nederland voor particuliere bewoning. Het vermogen wordt actief beheerd. Het Dynamic Credit Dutch Mortgage Fund betreft eveneens een institutioneel fonds voor gemene rekening (FGR) waarin Pensioenfonds Achmea belegt. Het vermogen wordt actief beheerd.

Liquiditeiten Voor het beheren van liquiditeiten maakt Pensioenfonds Achmea gebruik van het Achmea IM Euro Local Government Loans Fund.

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Vastgoed Almazara adviseert Pensioenfonds Achmea over de beleggingen in vastgoed. Pensioenfonds Achmea heeft zich gecommitteerd te investeren in direct vastgoedfondsen (Altera Woningen, Bentall Kennedy PCPF, CBRE Pan European Core, Heitmand American Real Estate Trust, SAREF ADVAR, JPMorgan Asia-Pacific Property Fund, Lendlease Asia-Pacific Property Fund, Prologis European Logistics Fund en Clarion Lion Industrial Trust, Rotij, JPMorgan Japan Multi-family Fund II ). De portefeuille is in opbouw richting de strategische portefeuille.

Infrastructuur en Private Equity Achmea Investment Management adviseert Pensioenfonds Achmea over de beleggingen in infrastructuur en treedt op als selecteur. De beleggingen in deze beleggingscategorie zijn ondergebracht in de Achmea Investment Management Infrastructure Pool, het IFM Global Infrastructure Fund, JP Morgan Institutional Infrastructure Fund, KGAL Enhanced Sustainable Power Fund 4, Axium Infrastructure North America en het Mirova Core Infra Fund II. Achmea Investment Management adviseert Pensioenfonds Achmea over de beleggingen in Private Equity en treedt op als selecteur. De beleggingen in deze beleggingscategorie zijn ondergebracht in het Coller International Partners VIII, Mondriaan Co-Investment NB, Rembrandt -2020 Series, Vitruvian Investment Partnership IV en het New Mountain Fund VI. De portefeuille is in opbouw richting de strategische portefeuille. Aanvullend wordt belegd in het Interpolis Private Equity Fund II. Dit betreft een fonds voor gemene rekening van Achmea Investment Management. Het overall beheer, incl. monitoring en selectie vindt plaats door het team Externe Managers van Achmea Investment Management. Stafford Capital Partners is aangesteld als operationeel vermogensbeheerder. Het fonds heeft posities in verschillende private equity fondsen verspreid over de hele wereld.

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Disclaimer

Achmea Investment Management B.V. heeft de hier getoonde informatie met zorg samengesteld. De informatie is vertrouwelijk en uitsluitend bestemd voor degene aan wie deze persoonlijk is gericht. Dit document is of bevat (i) geen aanbod of uitnodiging om financiële instrumenten te kopen, te verkopen of te verhandelen, (ii) geen beleggingsaanbeveling of beleggingsadvies, (iii) geen juridisch, fiscaal of ander advies. Achmea IM raadt u af een (beleggings)beslissing uitsluitend te baseren op de informatie in dit document. Achmea IM is niet aansprakelijk voor schade die het gevolg is van zo’n (beleggings)beslissing.

De informatie in dit document is (mede) gebaseerd op informatie die Achmea IM van betrouwbaar geachte informatiebronnen heeft verkregen. Achmea IM garandeert niet de betrouwbaarheid van die bronnen en de juistheid en volledigheid van de van die bronnen verkregen informatie. De informatie in dit document is puur informatief en u kunt daaraan geen rechten ontlenen. Alle informatie is een momentopname. Achmea IM heeft het recht om deze informatie zonder aankondiging te wijzigen. Het noemen van rendementen op beleggingen in dit document dient uitsluitend als uitleg en toelichting. Achmea IM spreekt daarmee geen verwachting uit over het rendement of koersverloop van die beleggingen. De waarde van uw belegging kan fluctueren en in het verleden behaalde resultaten bieden geen garantie voor de toekomst.

U mag de informatie in dit document alleen voor eigen persoonlijk gebruik kopiëren. U mag de informatie niet overnemen, vermenigvuldigen, distribueren of openbaren zonder schriftelijke toestemming van Achmea IM. Alle informatie (teksten, foto’s, illustraties, grafisch materiaal, handelsnamen, logo s, woord- en beeldmerken) blijft eigendom van of in licentie bij Achmea IM en wordt beschermd door auteursrecht, merkenrecht en/of intellectueel eigendomsrecht. Er worden geen rechten of licenties overgedragen bij gebruik van of toegang tot deze informatie.

Achmea Investment Management B.V., statutair gevestigd te Zeist (KvK 18059537), beschikt over een vergunning als beheerder van beleggingsinstellingen, zoals bedoeld in de Wet op het financieel toezicht. Achmea Investment Management B.V. is ingeschreven in het register van de Stichting Autoriteit Financiële Markten onder nummer 15001209.

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