Pensionskasse of the city of Zurich (PKZH)

0.5% Liquid Funds

6.5% Unlisted CHF-denominated securities

5% CHF Bonds

10.5% Investment-grade bonds

2.5% High-yield bonds listed

4% Private debt

5% Swiss stocks

24.5% Developed market equities

3.5% Emerging market stocks

18% Swiss real estate (indirect)

4.5% Foreign real estate (indirect)

7% Private equity

3.5% Infrastructure

0% Hedge funds

5.0% Insurance-linked securities