Monthly report September 2025 of the zCapital Swiss Dividend Fund (class A)
In September, the fund lost 0.9% (SPI -0.9%). We added to our positions in TX Group, Kühne+Nagel, Zurich Insurance Group, Partners Group, Swisscom, Nestlé and Roche. Conversely, we reduced our holdings in Burkhalter, Novartis and ABB.
