Notre avis sur PF Pension ESG 100 Fund
100% equities, ESG screening, and a 1.26% TER. PostFinance charges top dollar for full aggression.
PF Pension ESG 100 Fund ranks #20 among 82 3a investment funds in Switzerland. It's PostFinance's maximum equity option with full ESG integration. If you want 100% stock exposure from a trusted Swiss institution and sustainability matters, this fund delivers. But the 1.26% TER puts it among the most expensive 3a funds on the market.
Are the Fees Worth It?
At 1.26% TER, this is one of the priciest 3a investment funds available. Compare that to VIAC Global 100 at 0.41% all-in or frankly Extreme 95 at 0.44%. On a CHF 50,000 balance, you're paying CHF 630 per year versus CHF 205-220 for cheaper alternatives. Over 30 years, that difference compounds into CHF 20,000+ in lost returns.
The five-year return of +50.03% is decent for 100% equities. But after adjusting for the fee gap, a cheaper passive fund with similar allocation would have delivered more to your pocket. Active management here hasn't compensated for the higher cost.
What Actually Stands Out
The CHF 454 million fund size provides solid stability and liquidity. PostFinance is one of Switzerland's most recognized financial brands, and the fund benefits from institutional infrastructure and regulatory oversight. Swing pricing protects existing investors during volatile periods.
The ESG approach uses active screening managed by PostFinance in partnership with Swisscanto. It goes beyond simple exclusions to include positive selection criteria. For investors who bank with PostFinance already, the convenience factor is real. You manage everything in one place without opening accounts at a fintech startup.
What Most Reviews Miss
Here's the uncomfortable truth: a passive 100% equity fund with a 0.40% fee would have roughly matched or beaten this fund's returns over five years. The 1.26% TER is an annual drag that compounds relentlessly. Active ESG management sounds premium, but the performance data doesn't show consistent alpha over passive alternatives.
Also consider that PostFinance's 3a platform lacks the customization that digital-first providers offer. You can't adjust your allocation or tilt toward specific sectors. It's a take-it-or-leave-it product. If the fund's strategy drifts or underperforms, your only option is to transfer your entire 3a to another provider.
The Bottom Line
PF Pension ESG 100 is a legitimate 100% equity ESG fund from a trusted Swiss institution. The five-year track record is solid. But the 1.26% TER is extremely hard to justify when cheaper alternatives deliver comparable or better results. If PostFinance convenience matters more than cost optimization, it works. Compare all options in our Pillar 3a comparison tool.
Verdict: A reliable ESG equity fund for PostFinance loyalists, but the highest TER in this category makes it a tough sell for cost-aware investors.
Avantages
- Strong 5-year performance (+50.0%)
- No custody fee
- Swing pricing protection
Inconvénients
- Higher total costs (1.26% p.a.)
- Active management = higher fees
- High stock allocation = more volatility
Détails du produit
En un coup d'œil
- 100% stocks allocation
- TER: 1.26%
- Swing pricing protection
- Actively managed
- No custody fee
Fund Details & Allocation
Fund Details & Allocation
Allocation d'actifs
Actions
100%
Obligations
0%
Stratégie d'investissement
Fonds géré activement
Taille du fonds
CHF 454M
Banque dépositaire
UBS
Swing Pricing
Oui
Frais et coûts
Frais et coûts
TER
1.26%
Frais de garde
Gratuit
Performance au fil du temps
Performance historique de ce fonds d'investissement. Les performances passées ne préjugent pas des performances futures.
1 an
+7.8%
3 ans
+41.2%
5 ans
+50.0%
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
- Why is PF Pension ESG 100 Fund Pillar 3a only instead of also Vested benefits?
- Unlike the 25, 50 and 75 variants, the 100 Fund is restricted to Pillar 3a and is not approved for vested benefits accounts. That limits your options if you change jobs and need to park a vested benefits balance in the same strategy. You'd have to choose a sibling fund or switch products.
- How has the all-equity strategy performed over 5 years?
- It returned 50.03% cumulatively over 5 years, well above the 23.5% segment baseline, driven by the 100% equity allocation. Past performance doesn't guarantee future returns, but in a rising market the all-stock approach captured most of the upside. Expect bigger drawdowns when markets fall.
- What does swing pricing mean for your subscriptions?
- Swing pricing adjusts the fund's NAV based on net inflows or outflows, so heavy redemption days can move your sell price down a few basis points. It protects long-term holders from being penalized by short-term traders' transaction costs. For a buy-and-hold 3a investor, the impact is generally minor.
Comment nous avons évalué ce produit
PF Pension ESG 100 Fund 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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