The assets of the Reserve Fund may be in the form of:
- Action,
- Debt securities,
- Shares or shares in investment funds,
- Money market instruments,
- Deposits at banks,
- Forward and option and other financial derivatives, and
- Contractual co-financing of projects or other financial agreements for the purpose of sharing the risk of investments in Bosnia and Herzegovina, with international financial organizations and multilateral development banks (joint investments).
Since its establishment on 31.05.2010, the Reserve Fund’s assets were allocated 88.13% in shares and 11.87% in unincorporated companies. The value of assets at the time of establishment was estimated at 274,812,575.00 KM. After the portfolio restructuring process began in 2011, PREF’s assets were invested as of 31.12.2011 with 81.42% in shares, 12.26% in shares in unincorporated companies and 7.42% in bonds, deposits, cash and receivables. Three years later, on 31.12.2014. At the end of 2021, the share of bonds, deposits and cash in the portfolio was 23.17%, and at the end of 2021, they accounted for 33.16% of the portfolio structure, which amounts to around 90 million KM.
Traditionally, pension funds are conservative investors who prefer investment security. The long-term goal of the Reserve Fund is to achieve a portfolio structure in which debt securities, money market instruments and bank deposits will have a dominant share.
According to applicable legal provisions, the Reserve Fund cannot grant credits and loans.