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For your information: credit rating changes for certain funds

Employee 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.

From now on, some funds will also be allowed to invest in government loans with an A+ credit rating. By adjusting this limit, the fund will be less likely to have to sell investments if a credit rating drops. This ensures that the funds will continue to be well diversified and that unnecessary transaction costs are avoided.

The objective of the investments remains the same and the average risk profile remains low. Which funds are involved? The change applies to:

• ASR IndexPlus Institutioneel Euro Staatsobligatie Fonds (B en C)
• ASR Pensioen Staatsobligatiefonds 10-15 Jaar
• ASR Pensioen Staatsobligatiefonds 15+ Jaar
• ASR Pensioen Staatsobligatiefonds 20+ Jaar

These funds may be part of Profile Investing. You can also choose them if you use self-directed investment (Vrij Beleggen). If you invest using self-directed investment, you can change your choice 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.