Anlageziel

The Fund invests in Dutch mortgage receivables (from mortgage loans secured by a first or first and sequentially lower ranking mortgage right on a Dutch residential property) that are originated by Aegon Hypotheken B.V.. The mortgage receivables comply with the Mortgage Loan Criteria (see Appendix IV). Specifically, upon new commitments to the Fund and/or in order to reinvest available cash, the Fund subscribes, normally in advance, to the mortgage production of Aegon Hypotheken B.V. The overall new mortgage production of Aegon Hypotheken B.V. will be divided on a monthly basis between the Fund and other entities that have subscribed to the new mortgage production of Aegon Hypotheken B.V. The allocation mechanism is described in the Mortgage Allocation Methodology, as amended from time to time. The Fund will acquire the allocated mortgage receivables at their nominal value.