Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 97

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 97
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 remain fully invested in their asset class with further limitations on risk as related to investments in a single security, portfolio turnover and credit quality.The German CoCreate plan's investment policy prohibits the use of derivatives associated with leverage and speculation or investments in securities issued by PTC, except through index-related strategies and/or commingled funds. An investment committee oversees management of the pension plans’ assets. Plan assets consist primarily of investments in equity and fixed income securities.In 2025, 2024 and 2023, our actual return (loss) on plan assets was $2.6 million, $5.1 million and $(1.9) million, respectively.Based on actuarial valuations and additional voluntary contributions, we contributed $3.2 million, $3.7 million and $1.3 million in 2025, 2024 and 2023, respectively, to the plans. In 2026, we expect to contribute $0.6 million to the plans and to directly pay $3.6 million in benefits.As of September 30, 2025, benefit payments expected to be paid over the next ten years are as follows: 

         (in thousands)
          
         Future Benefit Payments

         2026
          
         $
         4,402

         2027
          
         $
         5,072

         2028
          
         $
         5,061

         2029
          
         $
         5,164

         2030
          
         $
         5,209

         2031 to 2035
          
         $
         27,064

F-35

Fair Value of Plan AssetsThe international plan assets are comprised primarily of investments in a trust and an insurance company. The underlying investments in the trust are primarily governmental fixed income securities and equities in funds and exchange-traded funds (ETFs). They are classified as Level 1 because the underlying units of the trust are traded in open public markets. The fair value of the underlying investments in equity securities and fixed income are based upon publicly-traded exchange prices. 

         (in thousands)
          
         September 30, 2025

         Level 1

         Level 2

         Level 3

         Total

         Fixed income securities:

         Government
          
         $
         47,554

         $
         —

         $
         —

         $
         47,554

         Equities