APK Aargauische Pensionskasse

2.2% Liquidity Bonds

12.8% Switzerland Government Bonds

3% Global government bonds (hedged)

6.1% Global Corporate Bonds (hedged)

2.9% Obligationen Emerging Markets Hard Currency (hedged)

0.9% Obligationen Emerging Markets Local Currency

9.3% Stocks Switzerland

17.2% Foreign stocks (hedged)

4.1% Emerging Markets shares

3.2% Foreign Small Cap Stocks (hedged)

4.2% Mortgages

2.8% Loan

0.1% Real estate Switzerland direct investments

13.1% Real Estate Switzerland Investment Foundations

4.4% Real Estate Switzerland is listed

4.4% Real estate abroad (hedged)

2.4% Gold

5.3% Infrastructure(hedged)

1.8% Private Debt(hedged)

0% Other alternative investments (hedged)