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AstraZeneca Trust for Defined Benefit Pension Plans
AstraZeneca Trust for Defined Benefit Pension Plans is a private sector pension fund based in Wilmington, US. It manages $835 million in assets across 11...
AstraZeneca Trust for Defined Benefit Pension Plans
AstraZeneca Trust for Defined Benefit Pension Plans is a private sector pension fund based in Wilmington, US. It manages $835 million in assets across 11 funds, primarily in North America.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, DE, United States
Sector focus
Frequently asked questions
How is the pension trust governed relative to AstraZeneca PLC?
As a US-based trust for defined benefit plans, it operates with a fiduciary duty to plan participants independent of AstraZeneca PLC's corporate balance sheet. The plan sponsor is AstraZeneca Pharmaceuticals LP, a US subsidiary, placing the trust under ERISA regulations that require exclusive benefit to members, even as the parent company ultimately backs the funding obligations.
What liability profile drives the trust's investment strategy?
The strategy is liability-driven, as is standard for a closed or frozen corporate defined benefit plan, meaning the portfolio must generate returns sufficient to cover fixed monthly payouts to retirees over multi-decade horizons. The direct real estate component provides long-duration, inflation-sensitive cash flows that naturally match these obligations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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