La nostra opinione su frankly Moderate 45 Responsible
CHF 738 million in assets. The most popular moderate 3a fund in Switzerland.
Frankly Moderate 45 Responsible ranks #9 among 67 3a investment funds in Switzerland. With the largest fund size in the entire frankly lineup, it's clearly the choice most Swiss investors make when they want some market exposure without going aggressive. The 45% stocks / 40% bonds split is designed for people who want to beat savings account rates but can't stomach big drawdowns.
Are the Fees Competitive?
Total cost: 0.44% (0.00% TER plus 0.44% flat fee). For an actively managed balanced fund with ESG screening and swing pricing, that's excellent. Traditional bank equivalents typically charge 0.90-1.20% for similar moderate allocations.
The three-year return of +24.15% and five-year return of +24.03% tell an interesting story. Notice how similar they are? That 5-year figure suggests the fund barely grew between year 3 and year 5, likely due to the 2022 bond-and-stock sell-off hitting balanced funds hard.
What Actually Stands Out
CHF 738 million makes this the largest frankly fund, and fund size matters. Large funds benefit from better liquidity, lower per-unit costs, and greater stability. When markets get rough, a massive fund is less likely to face forced selling due to redemptions.
The swing pricing mechanism protects you from the costs of other investors entering or leaving. Combined with the ESG screening by Swisscanto, you get a responsible investment approach without paying a premium. The 40% bond allocation provides genuine income and stability.
What Most Reviews Miss
The near-identical three-year and five-year returns (+24.15% vs +24.03%) reveal that this fund essentially went nowhere between 2021 and early 2023. The 2022 double hit of falling stocks and falling bonds erased two years of gains. Moderate doesn't mean safe. It just means less extreme.
Active management hasn't helped here either. The index version (frankly Moderate 45 Index) returned +24.96% over three years, slightly outperforming this actively managed version. You're paying for ESG screening and active decisions that haven't added value recently.
The Bottom Line
Frankly Moderate 45 Responsible is the comfort-zone pick for investors who want market exposure with guardrails. The massive fund size is reassuring, and the fees are fair. Just don't expect spectacular returns with a 45% equity allocation. Find out if this allocation fits your goals with our Pillar 3a product finder.
Verdict: The default choice for risk-averse investors who want ESG alignment and can accept moderate, not stellar, returns.
Pro
- Low total costs (0.48% p.a.)
- Good 3-year performance (+24.1%)
- No custody fee
- Large fund size (stable)
- Swing pricing protection
Contro
- High flat fee (0.44%)
- Active management = higher fees
Dettagli del prodotto
In sintesi
- 45% stocks allocation
- TER: 0.04%
- Swing pricing protection
- Actively managed
- No custody fee
Fund Details & Allocation
Fund Details & Allocation
Allocazione degli asset
Azioni
45%
Obbligazioni
40%
Immobili
15%
Strategia di investimento
Fondo gestito attivamente
Dimensione fondo
CHF 738M
Banca depositaria
Zürcher Kantonalbank (ZKB)
Swing Pricing
Sì
Commissioni e costi
Commissioni e costi
TER sintetico
0.04%
Commissione forfettaria
0.44%
Commissione di custodia
Gratuito
Performance nel tempo
Performance storica di questo fondo di investimento. Le performance passate non sono indicative dei risultati futuri.
1 anno
+4.8%
3 anni
+24.1%
5 anni
+24.0%
Proiezione pensionistica
Basato su un contributo max. di CHF 7'258/anno, età 30 a 65 (35 anni), partendo da CHF 0.
Confronta con prodotti simili
Domande frequenti
- What is the maximum annual Pillar 3a contribution?
- For employees with a pension fund, the maximum is CHF 7,258 per year (2025). Self-employed without a pension fund can contribute up to 20% of net income, max CHF 35,288. These amounts are fully tax-deductible.
- What are the tax benefits of this Pillar 3a product?
- Contributions to frankly Moderate 45 Responsible are fully deductible from your taxable income. Interest and returns grow tax-free. You only pay tax at a reduced rate when you withdraw at retirement.
- Can I transfer to frankly Moderate 45 Responsible from another provider?
- Yes, you can transfer your 3a balance to frankly Moderate 45 Responsible at any time without tax consequences, and frankly charges no transfer or closure fee.
- Should I choose a savings account or investment fund for my 3a?
- Savings accounts offer guaranteed returns with zero risk — ideal if you're close to retirement. Investment funds provide higher growth potential but with market risk — ideal for 10+ year horizons. Many Swiss residents split their contributions between both.
- Is the performance of frankly Moderate 45 Responsible guaranteed?
- No, investment fund returns are not guaranteed. Past performance of +24.0% over 5 years does not guarantee future results. Your capital can fluctuate with markets.
Come abbiamo valutato questo prodotto
frankly Moderate 45 Responsible è stato valutato come prodotto utilizzando il nostro sistema di punteggio ponderato.
Le valutazioni vengono aggiornate mensilmente sulla base dei dati più recenti disponibili. Tutti i prodotti vengono valutati con la stessa metodologia.
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