Investment Office Logo

Pensionskasse des Bundes PUBLICA

38'005 million, -3.26%, 101.20%

Eigerstrasse 57
3000 Bern 23
+41 31 378 8181

Facts and Figures

Description Pension Fund of the federal state employees of Switzerland
Category Public Pension Fund
Foundation 1921
Membership 63’833 active, 42’668 retired
Assets 38'005 million
Performance -3.26%
Funded Ratio 101.20%

Senior Contacts

Director Dieter Stohler
Head Asset Management Dr. Stefan Beiner
Portfolio Management Patrick Uelfeti

 Assets Breakdown (31.12.2018)

Open Pension Plans

Assets

Allocation

 Returns
     
Money Market   2.80%   -0.47%
Swiss government bonds   6.20%    0.33%
Non-government bonds CHF 11.50%    0.10%
Government bonds developed markets ex-CH 12.30%    0.36%
Public corporate bonds ex-CHF 13.20%   -2.48%
Inflation-linked government bonds   6.30%   -3.40%
Government bonds emerging market   7.30%  
Private corporate debt   2.10%   -3.47%
Private infrastructure debt   1.40%    1.25%
Mortgages CH   0.30%    1.63%
Equity Domestic  3.10%   -6.33%
Equity developed markets ex-CH 15.70%   -9.55%
Equity Emerging Markets   8.60%  -12.72%
Precious metals   2.30%   -1.68%
Real Estate Direct Domestic   5.70%    6.68%
Real Estate International   1.30%    4.03%
     
  100%

-3.55%

 

Assets Breakdown

Closed Pension Plans

Assets

Allocation

 Returns
Money Market    1.10%   -0.47%
Swiss government bonds  25.10%    0.33%
Non-government bonds CHF  10.10%    0.10%
Government bonds developed markets ex CH    5.50%    0.36%
Inflation-linked government bonds    5.20%   -3.40%
Public corporate bonds ex-CHF  12.60%   -2.48%
Government bonds emerging market    5.10%  
Equity Domestic    3.10%   -6.33%
Equity developed markets ex-CH    6.70%   -9.55%
Precious metals    3.40%   -1.68%
Real Estate Direct Domestic  21.60%    6.68%
  100%

    -0.24%

Assets Breakdown (31.12.2017)

Open Pension Plans

Assets

Allocation

 Returns
Money Market   1.30%   -0.63%
Swiss government bonds   5.70%   -0.35%
Non-government bonds CHF 11.20%    0.08%
Government bonds industrialised markets ex-CH 13.10%   -0.59%
Public corporate bonds ex-CHF 14.30%    1.53%
Inflation-linked government bonds   6.20%    0.61%
Government bonds emerging market   7.20%  
Private corporate bonds    1.40%    3.20%
Private infrastructure bonds   1.00%    2.43%
Mortgages CH   0.40%    1.63%
Equity Domestic  3.10%   17.81%
Equity industrialised markets ex-CH 18.10%   16.68%
Equity Emerging Markets   9.60%   29.35%
Precious metals   2.10%    8.51%
Real Estate Direct Domestic   5.10%    4.53%
Real Estate International   0.20%    0.01%
     
  100%

 7.14%

 

Assets Breakdown

Closed Pension Plans

Assets

Allocation

 Returns
     
Money Market    2.40%   -0.63%
Swiss government bonds  25.20%   -0.35%
Non-government bonds CHF    9.30%    0.08%
Government bonds industrialised markets ex CH    4.80%   -0.59%
Inflation-linked government bonds    5.20%    0.61%
Public corporate bonds ex-CHF  13.40%    1.53%
Government bonds emerging market    5.40%  
Equity Domestic   3.10%   17.81%
Equity industrialised markets ex-CH    7.50%   16.68%
Precious metals    3.20%    8.51%
Real Estate Direct Domestic  20.50%    4.53%
     
 

100%

     3.31%

Assets Breakdown (31.12.2016)

Open Pension Plans

Assets

Allocation

 Returns
     
Money Market   1.60%   -0.41%
Swiss government bonds   5.70%    2.00%
Non-government bonds CHF 11.00%    1.15%
Government bonds industrialised markets ex-CH 14.30%    1.71%
Public corporate bonds ex-CHF 14.20%    3.41%
Inflation-linked government bonds   6.20%    2.91%
Government bonds emerging market   7.40%  
Private corporate bonds    0.60%    8.01%
Private infrastructure bonds   0.70%    8.26%
Mortgages CH   0.40%    1.57%
Equity Domestic  3.10%   -3.38%
Equity industrialised markets ex-CH 18.10%    8.19%
Equity Emerging Markets   9.60%  12.92%
Precious metals   1.90%    9.04%
Real Estate Direct Domestic   5.20%    9.81%
     
  100%  5.16%

 

Assets Breakdown

Closed Pension Plans

Assets

Allocation

 Returns
     
Money Market    3.10%   -0.41%
Swiss government bonds  24.70%    2.00%
Non-government bonds CHF    9.30%    1.15%
Government bonds industrialised markets ex CH    4.80%    1.71%
Inflation-linked government bonds    5.20%    2.95%
Public corporate bonds ex-CHF  13.40%    3.41%
Government bonds emerging market    5.30%  
Equity Domestic   3.10%   -3.38%
Equity industrialised markets ex-CH    7.40%    8.19%
Precious metals    2.80%    9.04%
Real Estate Direct Domestic  20.90%    9.81%
  100%      4.33%

Assets Breakdown (31.12.2015)

Open Pension Plans

Assets

Allocation

 Returns
Money Market    1.40%   -0.19%
Swiss government bonds    6.00%    2.93%
Non-government bonds CHF  11.70%    1.63%
Government bonds industrialised markets ex CH  15.50%   -0.35%
Public corporate bonds ex-CHF  16.30%   -1.03%
Inflation-linked government bonds    4.30%   -2.24%
Government bonds emerging market    5.00% -14.71%
Mortgages CH    0.50%    1.71%
Equity Domestic  3.30%    1.28%
Equity industrialised markets ex-CH  18.20%    0.78%
Equity Emerging Markets    9.00% -14.55%
Commodities    1.70% -36.61%
Precious metals    1.90%  -7.82%
Real Estate Direct Domestic    5.20%    6.38%
     
  100%  -2.45% 

Assets Breakdown

Closed Pension Plans

Assets

Allocation

 Returns
Money Market    1.10%   -0.19%
Swiss government bonds  31.10%    2.93%
Non-government bonds CHF    9.80%    1.63%
Government bonds industrialised markets ex CH    4.90%   -0.35%
Inflation-linked government bonds    5.40%   -2.24%
Public corporate bonds ex-CHF  13.40%   -2.24%
Government bonds emerging market    0.00% -14.71
Equity Domestic   3.30%    1.28%
Equity industrialised markets ex-CH    7.30%    0.78%
Precious metals    3.00%   -7.82%
Real Estate Direct Domestic  20.70%    6.38%

 

100%

    2.16%

Assets Breakdown (31.12.2010)

Assets

Allocation

Returns

Bonds CHF, Liquidity, Mortgages and Others

45.78%  
Bonds non-CHF 17.30%  
Equity Domestic 5.89%  
Equity Foreign 19.23%  
Real Estate 6.57%  
Alternatives Investments 5.24%  
  100%

5.16%

Assets Breakdown (31.12.2009)

Assets

Allocation

Returns

Bonds CHF, Liquidity and Mortgages

50.52%  
Bonds non-CHF 17.38%  
Equity Domestic 8.89%  
Equity Foreign 16.08%  
Real Estate 6.36%  
Alternatives 0.77%  

 

100% 10.13%

Assets Breakdown (31.12.2008)

Assets

Allocation

Returns
     

Bonds CHF, Liquidity, Mortgages and Others

67.51%  
Bonds non-CHF 6.78%  
Equity Domestic 6.89%  
Equity Foreign 12.68%  
Real Estate 6.14%  

 

100% -6.86%

Investment Managers

 Bonds

Swiss Federal Pension Fund Publica; Investec AM; Union Investment; Standard Life Investments; PIMCO Europe; BlackRock; MetLife IM; Pictet et Cie; Pramerica IM; Russell Implementation Services; Ashmore IM; Hastings Funds Management; UBS; Pricoa Capital Group; Hastings Fund Management

 Equity Domestic

Credit Suisse; Pictet AM

 Equity Foreign BlackRock Advisors (UK) Ltd.; Credit Suisse Funds AG; Pictet AM; Vanguard AM; Russell Implementation Services
 Commodities

Goldman Sachs; JP Morgan Chase Bank

 Global Custodians

Credit Suisse, Custody & Transactions Services, Zurich; JP Morgan (Schweiz) AG, Zurich