Retirement funds PostFinance Pension 25

PostFinance Pension 25 (Security number 1,205,626)

The fund invests in money market investments, bonds, equities and commodities around the world, as well as in Swiss real estate. The strategic equity component stands at 25%, with 4% each invested in real estate and commodities respectively. The foreign currency portion stands at around 12%. The fund is passively managed, i.e. it tracks a benchmark index. As a result, investors benefit from low fund costs and a performance that closely reflects that of the benchmark index. The fund is rebalanced back to its original weighting once a month. The only authorised investments are assets from occupational pension and tied retirement savings schemes in Switzerland (pillar 2 and pillar 3a).

Funds category: Provident funds

Risk classification:

in CHF: 15 %

Price: CHF 118.14 (21.11.2017)

Funds performance since 01.01.2017:
4.31% (21.11.2017)

Morningstar Rating™
4 of 5 possible stars
  • Fund structure by investment instrument in %

    66.70% Bonds, 25.10% Equities, 4.01% Commodities , 3.99% Real Estate, 0.20% Money Market
    1. 66.70% Bonds
    2. 25.10% Equities
    3. 4.01% Commodities
    4. 3.99% Real Estate
    5. 0.20% Money Market

    Performance previous month

    These figures refer to the past. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to units.

    ¹As part of the realignment of the PostFinance fund offering, this fund's investment policy was revised with effect from 4.8.2008 and from 1.2.2013.
    Zeit Funds Benchmark¹
    [Zeit] YTD (01.01.2017 - 21.11.2017) Funds 4.31 Benchmark¹ n.a
    [Zeit] 2016 Funds 1.62 Benchmark¹ 2.94
    [Zeit] 2015 Funds -0.05 Benchmark¹ 0.33
    [Zeit] 2014 Funds 6.65 Benchmark¹ 7.91
    [Zeit] Ø from the last 3 years Funds 2.21 Benchmark¹ 3.08
    [Zeit] Ø from the last 5 years Funds 3.02 Benchmark¹ 3.91
    [Zeit] Ø from the last 10 years Funds 2.30 Benchmark¹ 3.13
    [Zeit] Ø since inception Funds 2.39 Benchmark¹ n.a
    [Zeit] Inception date Funds 31.05.2001 Benchmark¹
    Chart
    Winner 2017
    Group Award "Mixed Assets Small Companies"
    © 2017 Thomson Reuters. All rights reserved.
    Chart
  • Fund features

    Fund domicile Switzerland
    [Fund domicile] Fund management Switzerland UBS Fund Management (Switzerland) AG
    [Fund domicile] Fund Management Switzerland UBS Asset Management
    [Fund domicile] Custodian Bank Switzerland UBS Switzerland AG
    [Fund domicile] Currency of account Switzerland CHF
    [Fund domicile] Daily order entry till Switzerland 10:00 Time
    [Fund domicile] Financial year ends Switzerland End of March
    [Fund domicile] Distribution Switzerland No
    [Fund domicile] Last dividend on Switzerland 05.06.2014
    [Fund domicile] Swinging Single Pricing Switzerland Yes
    [Fund domicile] Subject to withholding tax Switzerland No
    [Fund domicile] Taxable value in CHF (n.a) Switzerland n.a
    [Fund domicile] Taxable income year (n.a) Switzerland n.a
    [Fund domicile] Annual fees Total Expense Ratio (TER) as of (31.03.2017) Switzerland 0.87%
    [Fund domicile] Benchmark Switzerland PostFinance Pension 25 mixed index
    [Fund domicile] Fund’s assets in mn. CHF Switzerland 217.31
    [Fund domicile] High last 12 months (daily price) from (08.11.2017) Switzerland 118.42
    [Fund domicile] Low 12 months (daily price) from (01.12.2016) Switzerland 112.19

    The 10 largest equity positions

    Nestle 2.54
    Novartis 1.97
    Roche 1.48
    UBS Group 0.64
    Richemont 0.47
    ABB 0.46
    Zurich 0.45
    Credit Suisse 0.37
    Swiss RE 0.29
    LafargeHolcim 0.26

    Key figures

    Modified Duration 4.31
    Average maturity in years n.a
    Sharpe Ratio (3 years) 0.92
    Risk-Free Rate (3 years) -0.73

    Volatility

    2 years 2.44
    3 years 3.22
    5 years 3.01
  • Report of the portfolio manager - 3 quarter 2017

    In the USA, the Fed did not raise rates in September, but announced that it would soon begin its balance sheet reduction.The European Central Bank is continuing with its strategy and is buying EUR 60 billion of bonds every month. Despite geo-political risks, global equity markets recorded a positive performance in the 3rd quarter, especially emerging market equities. Global equities (+6.02%), Swiss equities (+3.15%) and CHF bonds issued abroad (+0.05%) contributed to the investment result. However, domestic bonds (-0.05%) weighed slightly on the fund's performance.The total investment result was positive.

    Performance chart

    These figures refer to the past. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to units.

  • PostFinance funds are issued in accordance with Swiss law. Prospectuses and key investor information documents (KIID), contractual terms, and annual and interim reports are available free of charge from the PostFinance Operations Center, any PostFinance branch or from UBS Fund Management (Switzerland) AG, P.O. Box, 4002 Basel, Switzerland. All Swiss Post branches, PostFinance branches and all Customer Service offices accept purchase and redemption orders. Before investing in a product please read the latest prospectus carefully and thoroughly. None of the funds offered by PostFinance Ltd may be offered, sold or delivered within the USA, or to persons who are US citizens, are resident in the USA, or are required to pay taxes in the USA. PostFinance does not sell funds to persons who are resident outside of Switzerland. In such countries, PostFinance funds are not offered and are therefore not available. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance presented here does not take into account any commissions or costs incurred in the purchase of shares. Commissions and costs have a negative impact on performance. This information does not take into consideration the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient.