| Investment Category |
| Strategy 2025
(from 01.12.2025) | BVV 2 Limits |
|
|
| Ranges
| Maximum
limits
| Article |
|
| neutral | min. | max. |
|
|
| Short-term and liquid assets | a
| 1.0% | 0.0% | - 10.0% |
|
|
Bonds CHF
| b | 12.5% | 8.5% | - 16.5% |
|
|
Bonds Foreign currencies hedged
| c
| 6.5% | 4.5% | - 8.5% |
|
|
| Nominal values | d=a+b+c
| 20.0% |
|
|
|
|
Swiss Equities
| e
| 12.0% | 8.0% | - 16.0% |
|
|
Foreign Equities
| f
| 18.0%
| 13.0%
| - 23.0%
|
|
|
Real estate Swiss
| g
| 35.0%
| 19.0%
| - 42.0%
|
|
|
| Real estate Foreign hedged | h
| 5.0% | 0.0% | - 8.0% | 10.0%
| 55 lit. c) |
Infrastructure assets
| i
| 7.0%
| 4.0%
| - 10.0%
| 10.0%
| 55 lit. f)
|
- thereof infrastructure assets Switzerland
| i1
| 5.0%
|
|
|
|
|
- thereof infrastructure assets abroad
| i2
| 2.0%
| 0.0%
| - 4.0%
|
|
|
Private Equity
| j
| 3.0%
| 1.0%
| - 5.0%
|
|
|
| Tangible assets | k=e+f+g+h+i+j
| 80.0% |
|
|
|
|
| Total | l=d+k
| 100.0% |
|
|
|
|
Total foreign currencies
(after hedging)
| m=f+i2+j
| 23.0%
| 14.0%
| - 32.0%
| 30.0%
| 55 lit. e)
|
Total Equities
| n=e+f
| 30.0%
| 21.0%
| - 39.0%
| 50.0%
| 55 lit. b)
|
Total Real Estate
| o=g+h
| 40.0% | 19.0% | - 50.0% | 30.0% | 55 lit. c) |
| AIternate Investments | p=j
| 3.0% | 1.0% | - 5.0% | 15.0% | 55 lit. d) |