# AstraZeneca Trust for Defined Benefit Pension Plans

AstraZeneca Trust for Defined Benefit Pension Plans is a Pension Fund based in Wilmington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Wilmington, United States
- **Region:** North America
- **Address:** Wilmington, DE, United States
- **Assets under management:** Undisclosed
- **Website:** http://www.astrazeneca-us.com
- **LinkedIn:** https://www.linkedin.com/company/astrazeneca

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate

## 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.

## Related profiles

- [AstraZeneca](https://altss.com/profile/astrazeneca)
- [AT&T Pension Fund](https://altss.com/profile/at-t-pension-fund)

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

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