List of Investments
Pensioenfonds Zorg en Welzijn is transparent about its investment policy.
To provide a comprehensive picture of the investments, we publish the following five overviews.
| (In)direct asset managers and their investment mandates | This list provides information on investment mandates:
This split inevitably leads to some double counting of investment values in the list. The information in this list comprises the relevant investment category, the name of the asset manager, a brief description of the investment mandate or fund, the volume of the investment (or an indication thereof) and the year in which the mandate started. |
This list contains asset managers who have been selected not directly by PGGM Vermogensbeheer B.V. but by asset managers in funds-of-funds to whom PGGM Vermogensbeheer B.V. has granted a mandate to manage part of PFZW’s pension assets. This list contains the names of the underlying asset managers and the relevant investment category. The relationship between the individual fund-of-funds manager and the underlying asset managers is not disclosed | |
| (In)direct investments in listed equities | This list contains PFZW’s direct and indirect investments in publicly tradable equities, in each case detailing the name, sector, country and market value. Listed equities make up approximately 35% of the PFZW investment portfolio. The equity interests are diversified across countries and sectors. |
| (In)direct investments in listed bonds | This list contains PFZW’s direct and indirect investments in listed bonds, in each case detailing the name of the debtor, sector, country and market value. Direct investments are interests which PFZW holds directly, in its own name. Indirect investments are interests which are held by PGGM investment funds in which PFZW has a participating interest. The market value of each indirect interest is apportioned on the basis of the number of fund units which PFZW holds as a proportion of the total number of fund units in issue. Listed bonds make up approximately 30% of the PFZW investment portfolio. The bond interests are diversified across countries and sectors. |
| (In)direct private investments | This list contains direct private investments:
Private investments which PFZW holds not directly but indirectly through investment funds, other than the PGGM investment funds, are not included in this list. Private investments are not usually listed on an exchange. The published information consists of the name and the country of the investment, the relevant investment category and, if possible, the market value of the investment or an indication thereof. |
Disclaimer
In preparing this publication we have taken the utmost care to ensure that the information is accurate and complete. Although we are confident that the information in this publication has been obtained from reliable and qualified sources, the presentation of this information is not deemed equivalent to a presentation by these sources themselves, and we cannot guarantee that this information is complete and/or accurate in all cases.
This publication is intended for information purposes only. It is expressly not intended to provide advice or a recommendation with a view to an investment or transaction and does not constitute a public offer of securities. The information in this publication may only be used for purposes other than its intended purpose with our express prior written approval.
Neither we, nor any of our associated companies, nor directors or other representatives or employees, nor PGGM Vermogensbeheer B.V., nor other persons or institutions referred to in this documentation, may be held responsible for any omissions, inaccuracies and/or subsequent amendments.