Pensionskasse Stadt Zürich (PKZH)

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Pensionskasse Stadt Zürich (PKZH)

Pension Fund Name

Pensionskasse Stadt Zürich (PKZH)

Address Contact

Morgartenstrasse 30 Tel +41 44 412 5555

8036 Zürich
www.pkzh.ch

Facts and Figures

Description Pension Fund of the city of Zürich

Category Public Pension Fund

Foundation 1913

Membership 33’991 active, 18’965 retired

Assets 16'647 million

Performance -3.30%

Funded Ratio 110.90%

Senior Contacts

Director Dr. Ernst Welti

Head Asset Management

Dr. Jürg Tobler

Assets Breakdown (31.12.2018)

Assets
Allocation
Returns

Liquidity
   2.50%

Bonds CHF
   6.00%    0.40%

Bonds non-CHF    9.40%   -3.20%

Bonds (ex-Corporate) non-CHF    9.400%   -0.10%

Bonds Corporate ex-CHF 16.70%   -5.30%

Anlagen beim Arbeitgeber, Mortgages

& Private Placements
   5.30%

Equity Domestic    4.00%   -8.80%

Equity Foreign 22.20%

Real Estate Domestic    9.30%    3.70%

Real Estate Foreign    5.10%   -2.20%

Private Equity    7.50% 13.30%

Hedge Funds    9.30%   -5.50%

Insurance-Linked-Securities    1.50%   -6.20%

Senior Secured Loans 1.20% -3.00%

100%

-3.30%

Assets Breakdown (31.12.2017)

Assets
Allocation
Returns

Liquidity
   2.90%

Bonds CHF
   6.00%    0.10%

Bonds non-CHF 13.80%    0.70%

Bonds non-CHF inflation-linked    3.90%    2.30%

Bonds Corporate ex-CH    6.90%   -0.50%

Anlagen beim Arbeitgeber & Mortgages    4.50%

Equity Domestic   5.60% 19.80%

Equity Foreign 26.90%

Real Estate Domestic    8.40%    6.40%

Real Estate Foreign 4.80%    6.10%

Private Equity 6.60% 14.90%

Hedge Funds    9.10% 3.00%

Insurance-Linked-Securities    2.00%   -0.90%

100%

8.60%

Assets Breakdown (31.12.2016)

Assets
Allocation
Returns

Liquidity
   3.00%

Bonds CHF
   8.50%    0.70%

Bonds non-CHF    5.60%    1.10%

Bonds non-CHF inflation-linked    4.10%    3.00%

Bonds Corporate ex-CHF    4.20%

Anlagen beim Arbeitgeber    3.10%

Mortgages    1.10%

Equity Domestic   6.70%   -1.40%

Equity Foreign 32.80%    8.10%

Real Estate Domestic    8.70%    6.40%

Real Estate Foreign 4.80%    4.70%

Private Equity 6.40%    6.10%

Commodities    1.30%   24.80%

Hedge Funds    9.70% -0.80%

100%

4.50%

Assets Breakdown (31.12.2015)

Assets
Allocation
Returns

Liquidity
   2.60%

Bonds CHF
   9.50%

Bonds non-CHF    9.40% -1.10%

Bonds non-CHF inflation-linked    4.00% -1.00%

Anlagen beim Arbeitgeber    4.10%

Mortgages    1.20%

Equity Domestic   6.10%    2.70%

Equity Foreign 32.00% -0.20%

Real Estate Domestic    8.50%    6.70%

Real Estate Foreign 4.50%    7.10%

Private Equity 6.50%    9.40%

Commodities    1.90% -32.20%

Hedge Funds    9.80% -0.30%

100%

-0.10%

Assets Breakdown (31.12.2014)

Assets
Allocation
Returns

Liquidity, Annuities & Mortgages
8.20%

Bonds CHF
11.50%

Bonds non-CHF 10.20% 8.80%

Bonds non-CHF inflation-linked 4.30% 3.70%

Equity Domestic 5.50% 12.10%

Equity Foreign 31.00% 9.50%

Real Estate Domestic 7.90% 7.20%

Real Estate Foreign 4.70% 18.30%

Private Equity 5.90% 18.70%

Commodities 1.80% -32.50%

Hedge Funds 9.00% 6.70%

100%

7.10%

Assets Breakdown (31.12.2013)

Assets
Allocation
Returns

Liquidity, Money Market and Mortgages
12.40%

Bonds CHF
11.90%

Bonds non-CHF 12.60% -1.40%

Bonds non-CHF inflation-linked 4.20% -6.90%

Equity Domestic 5.20% 24.90%

Equity Foreign 26.10% 23.80%

Real Estate Domestic 8.60% 4.70%

Real Estate Foreign 3.70% 8.00%

Private Equity 5.10% 9.40%

Commodities 2.50% 0.70%

Hedge Funds 7.80% 11.00%

100%

6.50%

Assets Breakdown (31.12.2010)

Assets
Allocation
Returns

Liquidity, Annuities

and Mortgages
8.30% 3.10%

Bonds and

Money Market CHF
13.80% 3.60%

Bonds non-CHF 9.60% 3.20%

Bonds non-CHF inflation-linked 7.00% 4.80%

Equity Domestic 5.60% 1.90%

Equity Foreign 31.50% 9.80%

Real Estate Total 9.80%

Real Estate Domestic 7.90% 7.80%

Real Estate Foreign 1.90% 12.70%

Private Equity 4.60% 14.20%

Commodities 2.40% 8.60%

Hedge Funds 6.70% 6.30%

Liquidity Overlay 0.70%

100%

4.60%

Assets Breakdown (31.12.2009)

Assets
Allocation
Returns

Liquidity, Annuities

and Mortgages
9.10% 3.20%

Bonds and

Money Market CHF
16.60% 4.60%

Bonds non-CHF 12.90% 4.70%

Bonds CHF inflation-linked 6.10% 7.80%

Equity Domestic 5.10% 23.20%

Equity Foreign 27.50% 34.10%

Real Estate Total 9.20%

Real Estate Domestic 7.40% 8.50%

Real Estate Foreign 1.80% 1.10%

Private Equity 4.70% -17.80%

Commodities 2.50% 9.20%

Hedge Funds 6.40% 9.00%

Currency Hedge -0.10%

100% 10.70%

Assets Breakdown (31.12.2008)

Assets
Allocation
Returns

Liquidity, Annuities

and Mortgages
10.50% 3.60%

Bonds and

Money Market CHF
23.60% 6.00%

Bonds non-CHF 23.60%

Equity Domestic 3.70% -33.50%

Equity Foreign 15.90% -43.50%

Real Estate 9.10%

Private Equity 4.60% -6.70%

Commodity 0.00% -2.70%

Hedge Funds 5.70% -15.00%

Currency Hedge 3.30% 5.70%

100% -18.30%

Investment Advisors

Liquidity

Syz, Zurich; Pictet, Geneva; PostFinance AG, Bern; ZKB, Zürich

Bonds CHF (listed and

non-listed)

Pictet, Geneva; Swisscanto, Zurich; UBS, Zurich; GAM

Bonds non-CHF PIMCO, London; Aberdeen Standard, Edinburgh; BlackRock, London; Morgan Stanley IM, London

Equity Domestic ZKB, Zurich

Equity Foreign Baillie Gifford, Edinburgh; Credit Suisse, Zurich; Pictet, Geneva; ZKB, Zurich; Coronation, Kapstadt; Unigestion, Geneva; Westwood, Boston

Private Equity

Adams Street Partners, Chicago; Testina , Zurich; Avadis, Baden; Portfolio Advisors, Darien, USA.

Insurance-Linked- Securities Cambridge Associates, London

Fund-of-Hedge-Funds Prime Capital AG, Frankfurt

Global Custody
Banque Pictet & Cie SA, Geneva