Check ICTAX, that’s what the tax office uses.
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Rather than looking at % dividend which keeps changing based on share price, it’s better to look at absolute dividends.
Last dividend for DRPF was 0.42 CHF per share. But since they issued new shares recently, this dividend might reduce per share (can’t say by how much). But yes, this dividend value is after all costs & taxes.
To make sure that you don’t get taxed incorrectly , you should ensure you declare them properly in tax returns. For the cantons where online softwares exist, this is rather easy. But not sure if all cantons have this situation
***Just be aware that final tax value for wealth taxes might not be really Zero because sometimes funds have some assets which are not tax free.
For example tax value for 2023 as per ICTax for DRPF are as follows
- wealth tax relevant value, 31 Dec 2023 (0.117 CHF per share)
- Income tax relevant value (0 CHF per share)
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Thank you for your answer!
So it is also wrong to substract the TER to the yield? Where is the TER paid?
It’s taken from the fund asset (which should be reflected in the price, but you won’t see it since those funds are pretty volatile 
)
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If I look at the annual report from the fund, it seems that dividend is paid out after deduction of the TER%
My German skills are limited but that’s what I think is mentioned on pg20
But in any case the dividend yield listed should be after TER is taken into account, right?
Yes. That’s what I think.
In fact I think dividends for any ETF are after paying out TER%.
Of course if dividend > TER
FYI the CS and UBS real estate funds are going to merge next year.
2025: Fusion des quatre fonds immobiliers suisses résidentiels négociés en bourse avec propriété foncière directe (CS REF LivingPlus, UBS Direct Residential, Residentia et CS REF Hospitality);
2025/26: Fusion des deux fonds immobiliers suisses mixtes négociés en bourse avec propriété foncière directe (CS REF Green Property et UBS Direct Urban);
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Interesting
This would make UBS the largest direct residential real estate fund in Switzerland
I wonder how the mergers affect the existing shareholders. Everyone just receive new units of new entity based on number of shares held of old entities?
I assume so, wonder what this means if the premium/discount are different between the funds.
The merger between Procimmo 1 and Procimmo 2 was made at an exchange rate corresponding to the NAV exclusively.
I haven’t look at the details recently, but I think Residentia and Hospitality are basically garbage
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if they trade at a discount, might make sense to buy
I think by now everything would be priced in
Yeah, but not yet, this was announced today.
Interesting
So even though these funds trade at premium, the shares of merged fund would be allocated based on NAV?
This would significantly favour the lower quality funds and would be negative for higher quality funds. This is exactly opposite of what investors of higher quality funds would expect
To me it doesn’t really sound logical that the actual market value of the units have no relevance in the merger conditions .
Shouldn’t they look at closing price of 7 NOV as reference to allocate shares ?
Let’s see
Couldn’t find the conditions yet.
It will probably take quite a bit more time before they start publishing details, curious how things get arbitraged tomorrow tho.
Wouldn’t anything that’s not NAV based be weird? It’s a closed end funds, that’s the kind of risk investors take.
Edit: For instance when they raise capital, the price is simply set to the NAV, it sounds similar.
Hm…
Currently invested in the ubs direct residential.
Not sure i want to hold that other crap in the PF.