Notre avis sur LUKB Expert-Vorsorge 75 E
+38.29% in three years from a cantonal bank. LUKB's growth fund is a quiet overperformer.
LUKB Expert-Vorsorge 75 E ranks #33 among 82 3a investment funds in Switzerland. This is the Luzerner Kantonalbank's growth-oriented 3a fund with 75% equities and 20% bonds. The three-year return of +38.29% is among the best in its category, and the 0.80% TER is competitive for a cantonal bank. A strong performer that doesn't get the attention it deserves.
How Does the Return Stack Up?
The numbers are genuinely impressive. The three-year return of +38.29% outperforms Swisscanto 75 (+32.28%), PostFinance ESG 75 (+33.82%), and even gets close to VIAC Global 80 (+36.54%) despite being actively managed. The five-year return of +38.87% is strong. At 0.80% TER, the value proposition is excellent by traditional bank standards.
Compared to cantonal bank peers, LUKB is delivering top-tier returns at moderate cost. The CHF 323 million fund size provides solid stability and liquidity. This is one of those funds where the performance actually justifies the active management fee, at least over the measured periods.
What Actually Stands Out
The three-year performance is category-leading among 75% equity funds from traditional banks. LUKB's investment team has made consistently good allocation and selection decisions. The fund doesn't use swing pricing, keeping the structure simple and transparent.
As a cantonal bank with a state guarantee from the Canton of Lucerne, LUKB offers an extra layer of institutional security. The fund is available through LUKB's standard 3a offering, making it accessible to anyone in Central Switzerland. The CHF 323 million size is large enough for stability but small enough for the team to be nimble.
What Most Reviews Miss
Active management outperformance tends to be cyclical. LUKB's team had a strong three-year run, but that doesn't guarantee continued outperformance. Over longer periods, most active managers revert toward or below index returns. The 0.80% TER is moderate but still nearly double what passive digital alternatives charge.
Without swing pricing, you're exposed to the full impact of other investors' flows. In a large downturn, if many 3a holders switch providers simultaneously, the fund absorbs all transaction costs internally. This is a minor concern for a CHF 323 million fund, but worth noting versus peers that include this protection.
The Bottom Line
LUKB Expert-Vorsorge 75 is one of the best-performing traditional bank 3a funds in Switzerland. The three-year returns are genuinely impressive, and the 0.80% TER is fair for active management. If you bank with LUKB or value cantonal bank stability, this is an excellent choice. Compare it against the full market with our Pillar 3a comparison tool.
Verdict: A top-performing cantonal bank 3a fund that proves active management can deliver, at least over the recent three-year period.
Avantages
- Strong 5-year performance (+38.9%)
- No custody fee
Inconvénients
- Active management = higher fees
- No swing pricing protection
- Issuing fee of 0.40%
Détails du produit
En un coup d'œil
- 75% stocks allocation
- TER: 0.80%
- Actively managed
- No custody fee
Fund Details & Allocation
Fund Details & Allocation
Allocation d'actifs
Actions
75%
Obligations
20%
Immobilier
4%
Autres
1%
Stratégie d'investissement
Fonds géré activement
Taille du fonds
CHF 323M
Banque dépositaire
Luzerner Kantonalbank (LUKB)
Swing Pricing
Non
Frais et coûts
Frais et coûts
TER
0.80%
Frais d'émission
0.40%
Performance au fil du temps
Performance historique de ce fonds d'investissement. Les performances passées ne préjugent pas des performances futures.
1 an
+4.5%
3 ans
+38.3%
5 ans
+38.9%
Projection de retraite
Basé sur une cotisation max. de CHF 7'258/an, de 30 à 65 ans (35 ans), à partir de CHF 0.
Comparer avec des produits similaires
Questions fréquemment posées
- How risky is a 75% equity allocation in a 3a fund?
- Heavy on stocks (75%) and light on bonds (20%), it amplifies both up and down moves. Over the past 5 years, that's translated into a 38.87% cumulative return, well above the 23.5% segment average, but the path was not smooth. A 10+ year horizon helps absorb the volatility.
- What's the total cost of running this fund each year?
- The TER is 0.80% per year, slightly above the 0.68% segment baseline, plus a one-time 0.40% issuing fee on each purchase. There's no sales fee or custody charge, so the ongoing cost is essentially the TER. Active management at LUKB drives most of that figure.
Comment nous avons évalué ce produit
LUKB Expert-Vorsorge 75 E a été évalué en tant que produit à l'aide de notre système de notation pondéré.
Les évaluations sont mises à jour mensuellement sur la base des dernières données disponibles. Tous les produits sont évalués selon la même méthodologie.
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