DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Taft-Hartley plan
Arizona Pipe Trades Pension Plan
Taft-Hartley planPhoenix, AZ
Assets
$419M
Total assets, May 31, 2025 reported
Funded
87.8%
Jun 1, 2024
Private markets target
n/a
policy May 31, 2025
Commitments
18
3 managers on Schedule C
Plan sponsor: Board of Trustees Arizona Pipe Trades Pension Plan
Allocation policy
Form 5500, as of May 31, 2025
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.6%
- Non-interest-bearing cash 0.2%
- Corporate debt instruments (other) 11.1%
- U.S. Government securities 11.3%
- Partnership/joint venture interests 27.1%
- 103-12 investment entities 5.3%
- Common/collective trusts 41.8%
Consultants and advisers
6 firms
- CAP Financial Partners LLC Investment adviser (plan)through May 31, 2024 Form 5500
- The Segal Co. (eastern States) Inc. Pension consultantthrough May 31, 2023 Form 5500
- Verus Advisory, Inc. Investment adviser (plan)through May 31, 2023 Form 5500
- Capfinancial Partners, LLC Investment adviser (plan)through May 31, 2023 Form 5500
- US Bank Custodianthrough May 31, 2023 Form 5500
- Segal Actuarythrough May 31, 2023 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on the commitment tape
From the plan’s own commitment disclosures
- Causeway Capital Management LLC3 rows, latest May 31, 2025
- Prudential Trust Co.3 rows, latest May 31, 2025
- BNY Mellon3 rows, latest May 31, 2025
- Ullico Investment Advisors3 rows, latest May 31, 2025
- Panagora Investment Manager2 rows, latest May 31, 2024
- Walter Scott Ncs1 rows, latest May 31, 2025
From Schedule C (investment management, code 28)
- Acadian Asset Managementplan years 2025
- AFL Cio Asset Managementplan years 2025
- Walter Scott Asset Mgtplan years 2025
- Loomis Saylesplan years 2023
- Mcmorgan & Company, LLCplan years 2023
- Panagora Asset Management, Inc.plan years 2023
- Prudential Trust Co.plan years 2023
- Pgim Real Estateplan years 2023
- Ullicoplan years 2023
- Lazardplan years 2023
Commitments
18 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of May 31, 2025 | NCS Group Trust - International Fun103 12 ie | Walter Scott Ncs | Pooled vehicles | $22.1M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2025 | Causeway International Value Groupcollective trust | Causeway Capital Management LLC | Pooled vehicles | $22.6M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2025 | Lazard Emerging Markets Equity Fundcollective trust | Wilmington Trust, National Assoc | Public equity | $5.0M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2025 | PRU Emerg Mkts Blend Debt Fundcollective trust | Prudential Trust Co. | Private credit | $16.9M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2025 | Bnym Mellon Afl-Cio Sl Stock Indexcollective trust | BNY Mellon | Public equity | $122M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2025 | Ullico Infrastructure Tax Exempt Fucollective trust | Ullico Investment Advisors | Infrastructure | $8.5M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | Ullico Infrastructure Tax Exempt Fucollective trust | Ullico Investment Advisors | Infrastructure | $7.9M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | Panagora GP Tr Risk Parity Ma High103 12 ie | Panagora Investment Manager | Hedge / diversifiers | $7.4M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | Bnym Mellon Afl-Cio Sl Stock Indexcollective trust | BNY Mellon | Public equity | $122M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | PRU Emerg Mkts Blend Debt Fundcollective trust | Prudential Trust Co. | Private credit | $15.6M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | Lazard Emerging Markets Equity Fundcollective trust | Wilmington Trust, National Assoc | Public equity | $11.9M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2024 | Causeway International Value Groupcollective trust | Causeway Capital Management LLC | Pooled vehicles | $31.6M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | Causeway International Value Groupcollective trust | Causeway Capital Management LLC | Pooled vehicles | $30.8M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | Lazard Emerging Markets Equity Fundcollective trust | Wilmington Trust, National Assoc | Public equity | $12.9M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | PRU Emerg Mkts Blend Debt Fundcollective trust | Prudential Trust Co. | Private credit | $14.1M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | Bnym Mellon Afl-Cio Sl Stock Indexcollective trust | BNY Mellon | Public equity | $88.1M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | Panagora GP Tr Risk Parity Ma High103 12 ie | Panagora Investment Manager | Hedge / diversifiers | $8.0M held | Disclosed holding | askebsa.dol.gov | |
| as of May 31, 2023 | Ullico Infrastructure Tax Exempt Fucollective trust | Ullico Investment Advisors | Infrastructure | $7.4M held | Disclosed holding | askebsa.dol.gov |
Size and funding
30 readings
Investment management fees
$830,609 (2024-05) · $717,810 (2023-05)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to May 31, 2025 | 4,354 | n/a | n/a | n/a | $419M | $113M | n/a | n/a |
| 2023 to May 31, 2024 | 3,980 | n/a | n/a | n/a | $384M | $59.4M | n/a | n/a |
| 2022 to May 31, 2023 | 3,817 | n/a | n/a | n/a | $344M | $66.0M | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Benesys codes 13 $387,020 PY2024
- Verus Advisors, Inc. codes 27 $224,845 PY2024
- Mcmorgan and Company codes 51 $220,404 PY2024
- The Segal Company codes 17 $137,155 PY2024
- Ullico codes 51 $122,197 PY2024
- US Bank codes 19 $119,049 PY2024
- Acadian Asset Management codes 51 $72,048 PY2024
- Spencer Fane codes 29 $66,680 PY2024
- Walter Scott Asset Mgt codes 51 $66,598 PY2024
- Prudential Trust Co codes 51 $65,473 PY2024
- Lazard codes 51 $43,946 PY2024
- Segal Select Insurance codes 23 $40,307 PY2024
- Panagora Asset Management codes 51 $39,265 PY2024
- Baldwin Moffitt Behm LLP codes 10 $36,308 PY2024
- Loomis Sayles codes 51 $35,919 PY2024
- Smart Source LLC codes 36 $31,735 PY2024
- Ward Keenan and Barrett, PC codes 29 $31,723 PY2024
- Pgim Real Estate codes 51 $31,003 PY2024
- Gilbert & Sackman codes 29 $26,326 PY2024
- International Printing Company codes 36 $15,125 PY2024
- AFL Cio Asset Management codes 51 $12,472 PY2024
- Causeway Int; Value Group Sched. D C $22.6M PY2024
- Walter Scott/ncs Group Sched. D E $22.1M PY2024
- Lazard Wilmington Emerging Market Sched. D C $5.0M PY2024
- Prudential Emerging Market Blend de Sched. D C $16.9M PY2024
- Bnym Mellon Afl-Cio Stock Index Fnd Sched. D C $122M PY2024
- Panagora Group Risk Parity Sched. D E PY2024
- Ullico Infrastructure Tax Exempt Fu Sched. D C $8.5M PY2024
- Segal codes 11 PY2024
- Benesys codes 13 $367,559 PY2023
- Verus Advisors, Inc. codes 27 $226,938 PY2023
- Mcmorgan and Company codes 51 $204,111 PY2023
- Ullico codes 51 $121,009 PY2023
- US Bank codes 19 $116,090 PY2023
- The Segal Company codes 17 $94,994 PY2023
- Spencer Fane codes 29 $78,943 PY2023
- Lazard codes 51 $75,802 PY2023
- Prudential Trust Co codes 51 $60,369 PY2023
- CAP Financial Partners codes 27 $50,000 PY2023
- Ward Keenan and Barrett, PC codes 29 $45,091 PY2023
- Panagora Asset Management codes 51 $41,892 PY2023
- Baldwin Moffitt Behm LLP codes 10 $39,996 PY2023
- Segal Select Insurance codes 23 $38,853 PY2023
- International Printing Company codes 36 $30,369 PY2023
- Pgim Real Estate codes 51 $26,886 PY2023
- Smart Source LLC codes 36 $24,182 PY2023
- Loomis Sayles codes 51 $23,602 PY2023
- Jennings Strouss & Salmon, Plc codes 29 $5,346 PY2023
- Panagora Group Risk Parity Sched. D E $7.4M PY2023
- Bnym Mellon Afl-Cio Stock Index Fnd Sched. D C $122M PY2023
- Prudential Emerging Market Blend de Sched. D C $15.6M PY2023
- Lazard Wilmington Emerging Market Sched. D C $11.9M PY2023
- Causeway Int; Value Group Sched. D C $31.6M PY2023
- Ullico Infrastructure Tax Exempt Fu Sched. D C $7.9M PY2023
- Segal codes 11 PY2023
- Benesys codes 13 $355,874 PY2022
- Verus Advisors, Inc codes 27 $234,377 PY2022
- Mcmorgan and Company codes 51 $153,614 PY2022
- The Segal Company codes 17 $123,005 PY2022
- Ullico codes 51 $112,138 PY2022
- Prudential Trust Co codes 51 $65,705 PY2022
- Lazard codes 51 $53,789 PY2022
- US Bank codes 19 $53,156 PY2022
- Jennings Strouss & Salmon, Plc codes 29 $43,832 PY2022
- Panagora Asset Management codes 51 $42,934 PY2022
- Ward Keenan and Barrett, PC codes 29 $41,865 PY2022
- Capfinancial Partners codes 27 $41,667 PY2022
- Segal Select Insurance codes 23 $41,317 PY2022
- Baldwin Moffitt Behm LLP codes 10 $32,204 PY2022
- Loomis Sayles codes 51 $27,957 PY2022
- Pgim Real Estate codes 51 $25,572 PY2022
- Smart Source LLC codes 36 $18,064 PY2022
- International Printing Company codes 36 $15,263 PY2022
- Causeway Int; Value Group Sched. D C $30.8M PY2022
- Lazard Wilmington Emerging Market Sched. D C $12.9M PY2022
- Prudential Emerging Market Blend de Sched. D C $14.1M PY2022
- Bnym Mellon Afl-Cio Stock Index Fnd Sched. D C $88.1M PY2022
- Panagora Group Risk Parity Sched. D E $8.0M PY2022
- Ullico Infrastructure Tax Exempt Fu Sched. D C $7.4M PY2022
- Segal codes 11 PY2022
What changed
8 events
- May 31, 2025Holding startedArizona Pipe Trades Pension Plan first reports an interest in NCS Group Trust - International Fun (Walter Scott Ncs): $22M at 2025-05-31with Walter Scott Ncsaskebsa.dol.gov
- May 31, 2025Holding endedinferenceArizona Pipe Trades Pension Plan no longer reports Panagora GP Tr Risk Parity Ma High (Panagora Investment Manager) (last held $7M at 2024-05-31; absent from the 2025-05-31 filing)with Panagora Investment Manageraskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceCAP Financial Partners no longer appears on Arizona Pipe Trades Pension Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with CAP Financial Partners LLCaskebsa.dol.gov
- Jun 1, 2024Funded status changedArizona Pipe Trades Pension Plan funded ratio 97.3% -> 87.8% (2023-06-01 to 2024-06-01)
- Jun 1, 2024Assets changedArizona Pipe Trades Pension Plan plan assets $343M -> $382M (+11.4%, 2023-06-01 to 2024-06-01)
- May 31, 2024Assets changedArizona Pipe Trades Pension Plan total assets $344M -> $384M (+11.7%, 2023-05-31 to 2024-05-31)
- Dec 31, 2023Consultant changedinferenceCapfinancial Partners no longer appears on Arizona Pipe Trades Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Capfinancial Partners, LLCaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceCAP Financial Partners appears on Arizona Pipe Trades Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with CAP Financial Partners LLCaskebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 866025734-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.