The following table presents the asset allocation as of 12.09.2024 vs the strategic allocation in force on this date. The targets and the ranges of the strategic allocation presented here, were approved by the Governing Board on 01.04.2024.
| ASSET CLASS / STRATEGY | VALUE | % | TARGET | MIN | MAX |
| Cash/Liquidity | €3,604,092 | 0.1% | - | - | 1.0% |
| Cash at banks | €3,604,092 | 0.1% | |||
| Money markets/Liquidity | €348,342,788 | 13.8% | 5.0% | - | 10.0% |
| Amundi 3M-I | €348,342,788 | 13.8% | |||
| Bonds - Kosovo Treasuries/Stability | €229,807,640 | 9.1% | 5.0% | - | 25.0% |
| Kosovo Treasuries | €229,807,640 | 9.1% | |||
| Bonds - Investment Grade/Stability | €87,852,824 | 3.5% | 2.0% | - | 25.0% |
| Austrian Treasuries | €30,553,654 | 1.2% | |||
| Italian Treasuries | €30,075,917 | 1.2% | |||
| Vanguard Eurozone Gov Bond ETF | €27,223,253 | 1.1% | |||
| Term deposits/Stability | €109,304,303 | 4.3% | 3.0% | - | 10.0% |
| Term Deposits | €109,304,303 | 4.3% | |||
| Multi-assets/Stability | €228,381,982 | 9.1% | 9.0% | - | 15.0% |
| Nordea SRF | €228,381,982 | 9.1% | |||
| Real assets/Stability | €200,467,271 | 8.0% | 4.0% | - | 15.0% |
| iShare US Infr ETF | €71,520,639 | 2.8% | |||
| GlobalX US Infr ETF | €70,761,392 | 2.8% | |||
| iShare Resid. M-Factor Real Estate ETF | €31,700,132 | 1.3% | |||
| Data & Infra. Real Estate ETF | €26,485,108 | 1.1% | |||
| Real assets/Tactical | €23,824,962 | 0.9% | 3.0% | - | 20.0% |
| W.Tree Crude Oil ETF | €23,824,962 | 0.9% | |||
| Equities - Passive/Growth | €1,052,835,029 | 41.8% | 44.0% | 40.0% | 60.0% |
| Vanguard GSIF | €496,703,636 | 19.7% | |||
| Invesco S&P500 Eur Hedg ETF | €198,142,490 | 7.9% | |||
| iShare MSCI Eur Value ETF | €82,313,130 | 3.3% | |||
| Vanguard Value ETF | €70,137,344 | 2.8% | |||
| SPDR S&P Oil & Gas ETF | €51,634,059 | 2.0% | |||
| Amundi MSCI Eu QualFact | €40,539,496 | 1.6% | |||
| SPDR EU Energy ETF | €30,855,154 | 1.2% | |||
| Amundi MSCI Japan ETF | €30,404,283 | 1.2% | |||
| SPDR Russell 2000 US SmlCp ETF | €27,606,904 | 1.1% | |||
| SPDR SP Eur Div Aristocrats ETF | €24,498,533 | 1.0% | |||
| Equities - Active/Growth | €236,068,935 | 9.4% | 14.0% | 10.0% | 40.0% |
| Nordea GSE | €146,519,410 | 5.8% | |||
| Schroders SISF GSGF | €89,549,525 | 3.6% | |||
| ASSET CLASS ALLOCATION | €2,520,489,826 | €100% | |||
| Cash and money markets | €351,946,880 | 14.0% | 5.0% | - | 30.0% |
| Fixed income | €426,964,767 | 16.9% | 10.0% | - | 50.0% |
| Multi-assets | €228,381,982 | 9.1% | 9.0% | - | 35.0% |
| Real assets | €224,292,234 | 8.9% | 12.0% | - | 45.0% |
| Equities | €1,288,903,964 | 51.1% | 64.0% | 50.0% | 100.0% |
| STRATEGY ALLOCATION | €2,520,489,826 | 100% | |||
| Growth | €1,288,903,964 | 51.1% | 66.0% | 50.0% | 80.0% |
| Stability | €855,814,020 | 34.0% | 23.0% | - | 50.0% |
| Tactical | €23,824,962 | 0.9% | 6.0% | - | 20.0% |
| Liquidity | €351,946,880 | 14.0% | 5.0% | - | 10.0% |