Relationship number

Name of pension fund:

1. Template
Investments made for the pension fund's own risk
Allocation to real estate - indirect, unlisted real estate
Allocation to real estate - indirect, listed real estate
Allocation to real estate - direct real estate
Total allocation to real estate
Allocation to equities - developed markets
Allocation to equities - emerging markets
Total allocation to equities
Allocation to alternative investments (private equity, infrastructure
and microfinance)
Allocation to hedge funds
Allocation to commodities
Government bonds, non-index-linked
Index-linked bonds
Mortgage loans
Credits
Short-term exposures and liquid assets
Total allocation to fixed-income securities
AAA
AAA
AAA
BBB
Lower than BBB
No rating
Total allocation to government and non-government bonds
Total strategic non-euro investments
Foreign exchange and interest rate hedges
Foreign exchange hedge percentage
Interest rate hedge percentage
Solvency test value
S1 interest rate risk
S2 variable-yield securities risk
S3 foreign exchange risk
S4 commodities risk
S5 credit risk
S6 underwriting risk
S10 active management risk
Total other risks
Solvency test value based on the standard model
Required funding ratio for strategic mix

2. Additional comments

Proposed strategic investment policy

%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
Government bonds

Other fixed-income securities

%
%
%
%
%
%
%

%
%
%
%
%
%
%

%
%
%
Initial shock

Shock in equilibrium

Current/previous strategic investment policy

%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
Government bonds

Other fixed-income securities

%
%
%
%
%
%
%

%
%
%
%
%
%
%

%
%
%
Initial shock

Shock in equilibrium

How to complete the Excel template

1. Template
The template is designed to provide insight into the differences between the current and
proposed investment portfolios and the concomitant risks. It is therefore important that both
calculations have an identical basis. Furthermore, the parameters as at 1 January 2015 must be
used as a basis for calculating the required own funds.
The template is a combination of the following statements: K101 (Balance sheet, funding ratio
and solvency value), K201 (Investments for the pension fund's own risk), K202 (Investments for
the pension fund's own risk, currencies) and K203 (Investments for the pension fund's own risk,
fixed-income securities). The structure of the template resembles that of the quarterly
statements, but some elements have been aggregated. For an explanation about completing the
template, we therefore refer to the instructions for the statements that apply as of 2015 Q1 (see:
http://www.dnb.nl/en/statistics/eline-dnb/pension-funds/index.jsp
Please do not change the structure or lay-out of the Excel template. You must submit your data
as an Excel file, leaving the names of the tabs unchanged.
2. Additional comments
Please provide additional comments if the following applies in your situation:
- The proposed policy is conditional upon improvement in the financial position. Your pension
fund currently does not yet satisfy the statutory requirement that the policy funding rate must at
least be equal to the minimum regulatory own funds plus 100%.
- The proposed policy is a dynamic investment policy. Some of its elements are unsuitable for
presentation in the Excel template.
Other comments.

current and
ortant that both
uary 2015 must be

eet, funding ratio

2 (Investments for
on fund's own risk,
quarterly
bout completing the
as of 2015 Q1 (see:
submit your data

n. Your pension
unding rate must at

re unsuitable for