Tellco
Investment Fund (3a)
ISIN: CH0450201261

Tellco Classic – Strategy 25 V

Tellco

Overall Rating

2.4/5

Stocks

26%

Investment Strategy

Actively-managed fund

Currency

CHF

Investment Fund (3a)#31 / 67
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Our Take on Tellco Classic – Strategy 25 V

Your Swiss Finance Companion
Adrien Missioux
Adrien Missioux

26% stocks and +12.53% over three years. Tellco's conservative fund treads water.

Tellco Classic Strategy 25 V ranks #31 among 67 3a investment funds in Switzerland. It's Tellco's most conservative investment option with 26% equities and 43% bonds. The three-year return of +12.53% is modest, and at CHF 18 million, it's another small Tellco fund. For conservative investors, the question is whether this delivers enough value over a simple savings account.

What Do the Numbers Say?

The three-year return of +12.53% translates to roughly +4% annualized. That's below frankly Gentle 25 Index (+19.00%) and VIAC Global 20 (+13.05% with even less equity). The one-year return of +2.09% barely exceeds current 3a savings account rates. Without a published TER, it's hard to pinpoint the cost drag, but the underperformance pattern is consistent.

No five-year data is available, limiting the evaluation window. For a conservative fund, the returns should at least be competitive with the cheapest alternatives at similar risk levels. Right now, they're not.

What Actually Stands Out

Like its more aggressive siblings, this fund benefits from Tellco's pension infrastructure and swing pricing protection. The active management approach gives flexibility to adjust bond duration and equity exposure within the conservative mandate. In theory, this should help navigate interest rate changes.

The CHF 18 million fund is slightly larger than Tellco's other options. Tellco has institutional credibility in the Swiss pension space, managing occupational pension assets for thousands of companies. The 43% bond allocation provides a significant income component, and the 26% equity exposure adds modest growth potential.

What Most Reviews Miss

At 26% equities and 43% bonds, this fund's return profile is uncomfortably close to a 3a savings account. The best savings accounts currently offer 1.0-1.5% guaranteed interest with zero volatility. This fund returned +2.09% over the past year but with the added risk of bond and equity market fluctuations. The risk-adjusted case is weak.

The small fund size (CHF 18 million) adds another concern. Conservative 3a investors tend to be the most stability-conscious. Investing in a small fund from a mid-tier provider contradicts that preference. Larger funds from established institutions offer the same conservative exposure with far greater stability and lower closure risk.

The Bottom Line

Tellco Classic Strategy 25 is a conservative fund that doesn't clearly outperform simpler alternatives. The returns are modest, the fund is small, and established competitors offer better performance at similar or lower risk. For conservative 3a investors, a top savings account or a cheaper index fund may be a better fit. Explore all options with our guide to best Pillar 3a products in Switzerland.

Verdict: A functional conservative option for Tellco clients, but most investors will find better value in top savings accounts or low-cost index funds.

Best For: Tellco pension clients consolidating their 3a with their existing 2nd pillar provider, very cautious investors who want some equity exposure from an institutional pension manager, those who value active management flexibility within a conservative mandate
Consider Alternatives If: a top 3a savings account at 1.0-1.5% offers similar returns with zero market risk, you want the lowest fees and passive alternatives like frankly or VIAC cost less, you're concerned about fund stability with only CHF 18 million in assets

Pros

  • Low total costs (0.00% p.a.)
  • No custody fee
  • Swing pricing protection

Cons

  • Active management = higher fees
  • Below-average 3-year performance
  • Limited track record (no 5-year data)
  • Smaller fund size

Product Details

At a Glance

  • 26% stocks allocation
  • Swing pricing protection
  • Actively managed
  • No custody fee

Fund Details & Allocation

Asset Allocation

Stocks

26%

Bonds

43%

Real Estate

22%

Other

9%

Investment Strategy

Actively-managed fund

Fund Size

CHF 18M

Depositary Bank

Tellco Bank AG

Swing Pricing

Yes

Fees & Costs

Custody Fee

Free

Performance Over Time

Historical performance of this investment fund. Past performance is not indicative of future results.

1 Year

+2.1%

3 Years

+12.5%

Retirement Projection

Based on max. contribution of CHF 7’258/year, age 30 to 65 (35 years), starting from CHF 0.

Projected CapitalCHF 536’012
Total Contributions
CHF 254’030
Estimated Growth
+CHF 281’982
Net Return
4% p.a.
Gross: 4%
Fee Impact
-CHF 0
Total Fees: 0%
Contributions
With Tellco Classic – Strategy 25 V
Without fees
Simulate with our 3a CalculatorCustomize your age, contribution & risk profile for a detailed projection.

Compare to Similar Products

Tellco Classic – Strategy 45 V

Tellco Classic – Strategy 45 V

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Tellco Classic – Strategy 25 V

Tellco Classic – Strategy 25 V

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Total Cost-
Total Cost-
5Y Performance-
5Y Performance-
Stocks46%
Stocks26%

Frequently Asked Questions

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 Tellco Classic – Strategy 25 V 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 Tellco Classic – Strategy 25 V from another provider?
Yes, you can transfer your 3a balance to Tellco Classic – Strategy 25 V at any time without tax consequences, and Tellco 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 Tellco Classic – Strategy 25 V guaranteed?
No, investment fund returns are not guaranteed. Past performance of +12.5% over 3 years does not guarantee future results. Your capital can fluctuate with markets.

How We Rated This Product

Tellco Classic – Strategy 25 V was evaluated as a product using our weighted scoring system.

Total Cost (TER + Fees) (30%)
Historical Performance (25%)
Fund Size & Stability (20%)
Asset Diversification (15%)
Swing Pricing & Protection (10%)

Ratings are updated monthly based on the latest available data. All products are evaluated using the same methodology.

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Open the Tellco Classic – Strategy 25 V today and start enjoying its benefits.