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For your information: credit rating changes for certain funds

Cappital Pension invests part of its pension capital in funds containing European government bonds. Recently, some European countries have seen their credit ratings reduced. Credit ratings are issued by specialist rating agencies and indicate the certainty that a country will repay its debts. A credit rating also provides an indication of how sensitive government bonds are to economic changes.

Aegon Asset Management has therefore reduced the minimum credit rating for certain funds from AA to A+. From now on, A+ will be the minimum threshold for these funds. This adjustment means that the fund will be less likely to sell investments if a credit rating drops.

The objective of the investments remains the same and the average risk profile remains low.

Which funds are involved? The change applies to:

• AEAM Core Eurozone Government Bond Index Fund (class D and class I)
• AEAM Liability Matching 10 Year Receiver Fund
• AEAM Liability Matching 20 Year Receiver Fund
• AEAM Liability Matching 30 Year Receiver Fund
• AEAM Liability Matching 40 Year Receiver Fund

These funds may be part of life cycle investing.  Do you invest via self-directed investment (Vrij Beleggen). Then only the change to the AEAM Core Eurozone Government Bond Index Fund is relevant to you. You can change your choices at any time through your pension portal.

More information about the composition of the funds can be found on our website. To do this, enter the fund name in the search bar and consult the fund documentation for each fund via documents.