Valiant
Investment Fund (3a)
ISIN: CH0364960218

Valiant Helvetique Dynamic V

Valiant

Overall Rating

3.1/5

Total Costs

1.16%

Stocks

65%

Investment Strategy

Actively-managed fund

Currency

CHF

Investment Fund (3a)#45 / 82
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Our Take on Valiant Helvetique Dynamic V

Your Swiss Finance Companion
Adrien Missioux
Adrien Missioux

Swiss stocks only, 0.84% TER, and the best one-year return in this range. Valiant plays it local.

Valiant Helvetique Dynamic ranks #45 among 82 3a investment funds in Switzerland. This is a purely Swiss-focused fund with 65% stocks and 30% bonds, all invested in domestic securities. The +5.78% one-year return is the strongest in this segment, and the five-year +25.02% shows consistent delivery.

How Does the Return Stack Up?

The five-year return of +25.02% is very competitive for a balanced-growth fund, and the one-year +5.78% leads the pack in its allocation range. The 0.84% TER is reasonable for an actively managed fund, though still double what digital providers charge for a similar equity-bond split.

What makes these numbers interesting is the Switzerland-only mandate. By concentrating on Swiss equities, the fund benefits from franc-denominated returns with no currency risk. When the Swiss franc strengthens (which it does regularly), globally diversified funds suffer from currency drag. Valiant's approach completely avoids that.

What Actually Stands Out

The pure Swiss focus is both this fund's biggest strength and its defining characteristic. Valiant invests exclusively in Swiss stocks and Swiss franc bonds. For investors who believe in the long-term strength of the Swiss economy and want zero currency exposure, this is one of very few options.

With CHF 275 million in assets, the fund is comfortably sized. Valiant is a Swiss-listed bank with a strong presence in the Mittelland region, offering genuine branch access across central Switzerland. The fund benefits from Valiant's in-house research on Swiss small and mid-cap companies, which are often overlooked by larger managers.

What Most Reviews Miss

Switzerland-only means zero international diversification. The Swiss stock market is heavily concentrated in three companies: Nestle, Novartis, and Roche make up roughly 50% of the SMI. If you're buying a Swiss equity fund, you're making a big bet on pharmaceuticals and consumer staples. That's worked well historically, but it's not true diversification.

The 0.84% TER hasn't been reduced despite industry-wide fee compression. Valiant's Helvetique range has maintained pricing for years. While the returns have justified the fees so far, the risk is that the home bias strategy eventually underperforms a globally diversified approach, especially as Swiss interest rates normalize.

The Bottom Line

Valiant Helvetique Dynamic is the best Swiss-only growth option available in 3a. If you deliberately want domestic concentration with no currency risk, the returns speak for themselves. For broader diversification, look elsewhere. Compare it in our guide to the best 3a investment funds in Switzerland.

Verdict: The go-to Swiss equity growth fund for investors who want domestic focus, but only if you understand you're giving up global diversification.

Best For: investors who deliberately want Swiss-only equity exposure with zero currency risk, Valiant bank customers seeking a growth-oriented 3a fund with branch access, those who believe strongly in Swiss economic outperformance over global markets
Consider Alternatives If: you want global diversification beyond the Swiss market, concentration risk in three large Swiss companies concerns you, you're looking for the absolute lowest fees and can access digital providers

Pros

  • Good 3-year performance (+28.1%)
  • No custody fee

Cons

  • Higher total costs (1.16% p.a.)
  • Active management = higher fees
  • No swing pricing protection
  • Issuing fee of 0.05%
  • Sales/redemption fee of 0.05%

Product Details

At a Glance

  • 65% stocks allocation
  • TER: 1.16%
  • Actively managed
  • No custody fee

Fund Details & Allocation

Asset Allocation

Stocks

65%

Bonds

30%

Other

5%

Investment Strategy

Actively-managed fund

Fund Size

CHF 275M

Depositary Bank

Lombard Odier

Swing Pricing

No

Fees & Costs

Synthetic TER

1.16%

Custody Fee

Free

Issuing Fee

0.05%

Performance Over Time

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

1 Year

+5.8%

3 Years

+28.1%

5 Years

+25.0%

Retirement Projection

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

Projected CapitalCHF 475'161
Total Contributions
CHF 254'030
Estimated Growth
+CHF 221'131
Net Return
3.4% p.a.
Gross: 4.6%
Fee Impact
-CHF 124'528
Total Fees: 1.16%
Contributions
With Valiant Helvetique Dynamic V
Without fees
Simulate with our 3a CalculatorCustomize your age, contribution & risk profile for a detailed projection.

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Valiant Helvetique Dynamic V

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Total Cost1.20%
Total Cost1.16%
5Y Performance+15.1%
5Y Performance+25.0%
Stocks40%
Stocks65%

Frequently Asked Questions

What's the practical difference between the Dynamic V and Balanced V tiers?
Dynamic runs 65% stocks and 30% bonds. Balanced runs 45% stocks and 50% bonds. Five-year returns are 25.02% versus 18.56%, with the extra 20% equity exposure delivering most of that gap. The synthetic TER is identical at 1.16% for both.
Has the active strategy paid off for the Dynamic V?
The five-year return of 25.02% is acceptable for a 65% equity fund, but 1.16% synthetic TER plus 0.05% entry and 0.05% exit fees compounds to material drag. A low-cost passive 60 to 65% equity tier would likely have delivered similar or better net returns over the same window.

How We Rated This Product

Valiant Helvetique Dynamic 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 Valiant Helvetique Dynamic V today and start enjoying its benefits.