ING Direct 2013 Annual Report Download - page 190

Notes to the consolidated annual accounts of ING Group continued
Closed defined benefit plan in the Netherlands - Major categories of plan assets
Fair value of plan assets
Quoted price Other Total
2013 2012 2013 2012 2013 2012
Investment portfolio of the pension fund
Debt securities (fixed income investments)
– Governments bonds 9,104 8,075 9,104 8,075
– Corporate bonds 1,406 1,407 1,406 1,407
– Other bonds (developing markets) 909 1,151 909 1,151
Total fixed income investments 11,419 10,633 11,419 10,633
Equity security investments
– Equity securities in developed markets 3,488 3,246 3,488 3,246
– Equity securities in developing markets 1,019 1,126 1,019 1,126
Total equity security investments 4,507 4,372 4,507 4,372
Real estate investments
– Listed 169 201 169 201
– Not listed 846 859 846 859
Total real estate investments 169 201 846 859 1,015 1,060
Alternative investments
– Private equity 350 317 350 317
– Hedge funds 171 155 171 155
– Commodities 198 198
Total alternative investments 521 670 521 670
Other assets and liabilities (including accrued
interest) 257 85 257 85
Derivatives(1) 552 1,346 552 1,346
Cash and cash equivalents 442 144 442 144
Total Assets of the pension fund 16,647 16,552 2,066 1,758 18,713 18,310
(1) Derivatives are presented net.
The table above relates to the defined benefit pension fund in the Netherlands that is closed for new pension rights as of 1 January 2014.
At 31 December 2013 the defined benefit fund in the Netherlands did not hold any investments in ING Groep N.V. At 31 December 2012
Debt securities included EUR 44 million (0.20% of total plan assets) of investments in ING Group.
188 ING Group Annual Report 2013