Since its creation in 2004, Fonds de Compensation (FDC) manages the compensation reserve to generate returns for the general pension insurance scheme of the Grand Duchy of Luxembourg, which is compulsory for everyone working in the country. A large part of the compensation reserve entrusted to FDC is invested through a SICAV, since the value of the compensation reserve to be invested through collective investment undertakings is limited by regulations. Its reserve amounts to US$ 28 billion.