# Algemeen Pensioenfonds Unilever Nederland - Kring Progress

Algemeen Pensioenfonds Unilever Nederland - Kring Progress is a Pension Fund based in Rotterdam, Netherlands.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rotterdam, Netherlands
- **Region:** Europe
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Real Estate
- Infrastructure
- Fixed Income

## 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+.

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Last updated: 2026-06-03T20:00:00.000Z

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