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MetallRente GmbH

PRI reporting framework 2019

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

MetallRente is a multi-employer pension scheme founded by the two major social partners in the metal and electrical industry, the union IG Metall and the employer’s organization Gesamtmetall in 2001. The pension scheme offers occupational and private pension plans as well as vocational disability pensions and surviving dependant’s pensions. MetallRente is Germany’s biggest interbranch industrial pension scheme that, besides the metal and electrical industries, has been joined by the wood, synthetics and textile industries.

MetallRente manages one main financial vehicle, for which ESG issues are addressed: the MetallRente.Fondsportfolio (MR.FP), in which two of the different MetallRente pension plans invest assets to varying degrees – the MetallRente.Pensionsfonds (MR.PF), a pension fund, and the insurance pension plan MetallRente CHANCE.

MetallRente also offers private insurance products, especially a disability insurance, an insurance for cases of annuity for reduced earning capacity that complements state benefits, an insurance to cover for damages of basic skills like seeing, hearing etc. and a private nursing care insurance.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Germany

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

9 FTE

02.4. Additional information. [Optional]

The MetallRente GmbH headquarters are set up to be a most efficient, lean organization. The management of our clients and assets as well as product sales are executed by four leading insurance companies that each have an efficient team in place to handle sales and customer requests as well as all matters addressed by us and our shareholders IG Metall and Gesamtmetall.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]


Total AUM values refer to the most recent information available (End Dec 2018).

MetallRente manages one main financial vehicle, the MetallRente.Fondsportfolio (MR.FP), in which two of our pension plans invest to different degrees: the MetallRente CHANCE insurance pension scheme as well as the MetallRente.Pensionsfonds (MR.PF), our pension fund.  

Total AUM in the MetallRente.Pensionsfonds (MR.PF): 170.326.312 €, of which 108.303.426 € are invested in the MetallRente Fondsportfolio (MR.FP)

Total AUM in our MetallRente CHANCE insurance pension scheme: 169.501.503 €, of which 146.041.628 € are invested in the MetallRente Fondsportfolio (MR.FP)

Adding up, total AUM within the MetallRente.Fondsportfolio (MR.FP): 254.345.054 €

MetallRente ESG policies only apply to the MetallRente.Fondsportfolio and hence to 254.345.054 € of all assets managed for MetallRente, which corresponds to 74.85% of all assets. 

In total, 339.827.815 € are managed for MetallRente by external asset managers across all our unit-linked pension products. 


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 >50% 80
Fixed income 0 0 10-50% 20
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

In 2018, the MetallRente.Fondsportfolio (MR.FP), our portfolio of funds, consisted of:

56% Equity Global developed

22% Equity Emerging markets

11% Fixed Income High Yield

11% Fixed Income Emerging markets

As an example of our unit-linked products, that invest to varying degrees in the MetallRente.Fondsportfolio to which our ESG policies apply, within the MR.PF pension fund our Strategic asset allocation (SAA) for the concept ‘Dynamik’ consists of:

80% MetallRente.Fondsportfolio (mainly Listed Equity)

5% APF Renten (Fixed Income Fund)

15% Fixed Income (investment in Allianz cover asset pool (balanced with high portion in fixed income)

0% Cash


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

67 Developed Markets
33 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

We do not differentiate in frontier or other markets. Values refer to listed equity and bonds for both, developed and emerging markets. 


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