Pension Fund

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Algemeen Pensioenfonds Unilever Nederland - Kring Progress

Kring Progress sits within the Algemeen Pensioenfonds Unilever Nederland structure established to serve Unilever employees in the Netherlands.

Algemeen Pensioenfonds Unilever Nederland - Kring Progress

Kring Progress sits within the Algemeen Pensioenfonds Unilever Nederland structure established to serve Unilever employees in the Netherlands. Its parent entity is Unilever Nederland Holdings B.V. The portfolio contains a Dutch mortgage book, an infrastructure allocation, high-yield bonds benchmarked to ICE BofA indices, emerging-markets debt tracked against JPM EMBI and GBI-EM, and both listed and non-listed real estate. Confirmed holdings include commitments to USF I and USF II as well as an interest in CLAUSEN Consulting & Invest. Geographic exposure spans the Netherlands and global markets. Assets total an estimated 5.8 billion USD. Service providers include BNY Mellon for custody since 2017, KPMG as external auditor since 2018, Actuva Actuariële Diensten as certifying actuary since 2019, Hermes Investment Management as advisor since 2020, and STOXX as index provider since 2017. The fund participates in VBDO, IIGCC and Climate Action 100+. Kring Progress operates alongside the sister circle Kring Forward under the same Algemeen Pensioenfonds Unilever Nederland umbrella, creating a ring-fenced governance model tied directly to the corporate sponsor.

General information

Firm type

Pension Fund

Location

Region

Europe

Country

Netherlands

City

Rotterdam

Sector focus

Real EstateInfrastructureFixed Income

Frequently asked questions

Who sponsors Kring Progress?

Unilever Nederland Holdings B.V. sponsors the pension circle.

What asset classes does the fund hold?

Holdings include Dutch residential mortgages, global infrastructure, high-yield bonds, emerging-markets debt and listed and non-listed real estate.

Which external managers or advisors are retained?

Hermes Investment Management has served as investment advisor since 2020.

Does the fund participate in climate-related investor groups?

Kring Progress is a member of IIGCC and a participant in Climate Action 100+.

What is the relationship to Kring Forward?

Kring Forward is the sister pension circle within the same Algemeen Pensioenfonds Unilever Nederland.

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