Which of the following is NOT a category of alternative investments?

Government bonds are indeed not a category of alternative investments. Instead, they fall under traditional investments, which typically include stocks and bonds that are widely recognized and traded in public markets.

Alternative investments encompass a broader set of asset classes that diverge from conventional stock and bond investments. Structured products, for example, are pre-packaged investments that can link to various assets and involve derivatives. Real assets refer to tangible assets like real estate and commodities that have intrinsic value. Commodities themselves are physical goods such as oil, gold, and agricultural products that are traded on commodities exchanges and are also a part of the alternative investment landscape.

In summary, government bonds are mainstream investments used for income generation and capital preservation, setting them apart from the alternative investment categories of structured products, real assets, and commodities.