The judges selected CPEG as the best Swiss fund for its overall solid and coherent approach. CPEG has implemented significant structural changes aimed at improving long-term risk and returns. A bold and disciplined investment strategy has reshaped the CHF 23bn (€24.3bn) portfolio to deliver resilience, growth, and sustainability, and has involved raising equities to 31% and diversifying fixed income via new strategies such as microfinance, fallen angels, and catastrophe bonds. A strong Swiss real estate base, combined with global equity and alternative mandates, balances local focus with international reach. Its strategic asset allocation is sensible and consistent with peers, and portfolio implementation is reliable. CPEG stands out for its leadership in ESG and climate integration, achieving a significant reduction in carbon footprint alongside a CHF200m local impact infrastructure initiative. The fund’s reasoning and explanations are clear and persuasive, demonstrating a consistent, sustainable approach. The judges appreciated strong recent performance and commitment to local communities, reflecting a comprehensive, well-rounded package.