Manager
INTERMONEY GESTION, S.G.I.I.C., S.A.
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Fund page
AVANCE MULTIACTIVOS, FI
Category
—
Latest period
H2 2025
Positions
75
Portfolio as of 2025-12-31. Source: periodic filing with the CNMV. View original filing (PDF)
Full portfolio
Every position in the latest periodic filing, largest weight first. Aggregates ("other equities...") are baskets of small positions the filing itself does not break out line by line.
75
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 28
Exits: 36
Increases: 16
Cuts: 5
− US TREASURY N/B
Leaves the portfolio; it was 2.44% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.37% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.37% of weight.
− INTESA SANPAOLO SPA
Leaves the portfolio; it was 2.28% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.10% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.04% of weight.
− BARCLAYS
Leaves the portfolio; it was 1.76% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 1.75% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 1.69% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.64% of weight.
− ams-OSRAM AG
Leaves the portfolio; it was 1.07% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.03% of weight.
− QUILTER PLC
Leaves the portfolio; it was 1.02% of weight.
− UNITED KINGDOM GILT
Leaves the portfolio; it was 0.95% of weight.
− CREDIT AGRICOLE SA
Leaves the portfolio; it was 0.94% of weight.
− CO-OPERATIVE BANK HO
Leaves the portfolio; it was 0.93% of weight.
− IBERCAJA BANCO SA
Leaves the portfolio; it was 0.90% of weight.
− CRL CREDITO AGRICOLA
Leaves the portfolio; it was 0.86% of weight.
− AA BOND CO LTD
Leaves the portfolio; it was 0.84% of weight.
− PIRAEUS FINANCIAL HL
Leaves the portfolio; it was 0.83% of weight.
− Maxam Corp
Leaves the portfolio; it was 0.83% of weight.
− HEATHROW FINANCE PLC
Leaves the portfolio; it was 0.83% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.80% of weight.
− UNICAJA BANCO SA
Leaves the portfolio; it was 0.80% of weight.
− LLOYDS BANKING GROUP
Leaves the portfolio; it was 0.70% of weight.
− ADECOAGRO SA
Leaves the portfolio; it was 0.69% of weight.
− Softb
Leaves the portfolio; it was 0.68% of weight.
− INTERNATIONAL PETROL
Leaves the portfolio; it was 0.68% of weight.
− ROTHESAY LIFE
Leaves the portfolio; it was 0.65% of weight.
− DIG HLDNG/DIG FIN/DI
Leaves the portfolio; it was 0.65% of weight.
− Ecopetrol SA
Leaves the portfolio; it was 0.53% of weight.
− FRESENIUS MED CARE I
Leaves the portfolio; it was 0.42% of weight.
− Banco Credito Social
Leaves the portfolio; it was 0.41% of weight.
− BLACKSTONE HOLDINGS
Leaves the portfolio; it was 0.35% of weight.
− Brooge Petro
Leaves the portfolio; it was 0.22% of weight.
− ACCIONES|Atos
Leaves the portfolio; it was 0.07% of weight.
Fixed income
Declared FI exposure
18.1 M €
% of portfolio
88.1%
Positions
69
Issuers
54
Sovereign: 7.2 M €
Corporate: 10.9 M €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
Matured or ≤3 months · 13.4%3-6 months · 12.3%6-12 months · 7.5%1-2 years · 5.5%2-5 years · 19.4%5-10 years · 6.8%> 10 years · 35.1%
Maturity
Positions
Exposure
%
Matured or ≤3 months
5
2.4 M €
13.4%
3-6 months
4
2.2 M €
12.3%
6-12 months
4
1.4 M €
7.5%
1-2 years
6
995,068 €
5.5%
2-5 years
21
3.5 M €
19.4%
5-10 years
6
1.2 M €
6.8%
> 10 years
23
6.4 M €
35.1%
Unknown
0
0 €
0.0%
Top issuers
The 10 issuers with the largest declared exposure in this fund, repos excluded.
Issuer
Type
ISINs
Exposure
Next maturity
United States Treasury
Sovereign
5
2.9 M €
2026-01-31
FRANCE (GOVT OF)
Sovereign
4
2.0 M €
2026-05-25
European Union
Supranational
4
1.6 M €
2026-02-06
ROMANIA
Sovereign
3
902,131 €
2032-05-30
UNITED KINGDOM GILT
Sovereign
3
673,360 €
2029-07-22
Mitsubishi Bank
Corporate
1
526,548 €
2050-12-15
ARYZTA AG
Corporate
1
460,195 €
2049-04-28
STANDARD PROFIL AUTO
Corporate
2
426,049 €
2030-01-01
ATHORA NETHERLANDS
Corporate
1
414,913 €
2048-11-18
INVESTEC BANK PLC
Corporate
1
385,036 €
2029-08-28
Top instruments
The 10 instruments with the largest declared exposure. No yield, IRR or rating: there's no reliable data to compute them.
ISIN
Coupon
Maturity
Exposure
US9128286S43 United States Treasury
2.38%
2026-04-30
757,945 €
FR0014004J31 FRANCE (GOVT OF)
0.75%
2053-05-25
698,778 €
US91282CBT71 United States Treasury
0.75%
2026-03-30
662,053 €
FR001400FYQ4 FRANCE (GOVT OF)
2.50%
2026-09-24
603,082 €
US91282CBW01 United States Treasury
0.75%
2026-04-30
579,088 €
XS0413650218 Mitsubishi Bank
6.55%
2050-12-15
526,548 €
US91282CKB62 United States Treasury
4.63%
2026-02-28
513,259 €
EU000A4D7LB6 European Union
—
2026-03-06
498,235 €
FR0013131877 FRANCE (GOVT OF)
0.50%
2026-05-25
493,303 €
CH0253592783 ARYZTA AG
4.18%
2049-04-28
460,195 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
10.3 M €
56.6%
USD
6.0 M €
33.3%
GBP
1.4 M €
7.6%
CHF
460,195 €
2.5%
This period's fixed-income moves
Compares the current fixed-income portfolio with the previous period, by ISIN. An exit that coincides with maturity isn't a sale: the bond reached its contractual date.
New positions: 23
Exits at maturity: 10
Exits not explained by maturity: 25
+ US TREASURY N/B
Enters the portfolio at 3.68% weight.
+ FRANCE (GOVT OF)
Enters the portfolio at 2.93% weight.
+ EUROPEAN UNION BILL
Enters the portfolio at 2.42% weight.
+ FRANCE (GOVT OF)
Enters the portfolio at 2.40% weight.
+ ATHORA NETHERLANDS
Enters the portfolio at 2.01% weight.
+ EUROPEAN UNION BILL
Enters the portfolio at 1.93% weight.
+ EUROPEAN UNION BILL
Enters the portfolio at 1.91% weight.
+ EUROPEAN UNION BILL
Enters the portfolio at 1.70% weight.
+ ROMANIA
Enters the portfolio at 1.49% weight.
+ STANDARD PROFIL AUTO
Enters the portfolio at 1.48% weight.
+ AMPER SA
Enters the portfolio at 0.98% weight.
+ IBERCAJA BANCO SA
Enters the portfolio at 0.98% weight.
+ ROMANIA
Enters the portfolio at 0.96% weight.
+ INEOS FINANCE PLC
Enters the portfolio at 0.83% weight.
+ ARAGVI FINANCE INTL
Enters the portfolio at 0.82% weight.
+ MC BRAZIL DWNSTRM
Enters the portfolio at 0.65% weight.
+ BRASKEM NETHERLANDS
Enters the portfolio at 0.60% weight.
+ STANDARD PROFIL AUTO
Enters the portfolio at 0.59% weight.
+ TVL FINANCE PLC
Enters the portfolio at 0.56% weight.
+ LCPR SR SECURED FIN
Enters the portfolio at 0.52% weight.
+ TYRE MIDCO LIMITED
Enters the portfolio at 0.52% weight.
+ CERVED INFORMATION S
Enters the portfolio at 0.45% weight.
+ REKEEP SPA
Enters the portfolio at 0.43% weight.
− INTESA SANPAOLO SPA
Leaves the portfolio; it was 2.28% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.64% of weight.
− ams-OSRAM AG
Leaves the portfolio; it was 1.07% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.03% of weight.
− QUILTER PLC
Leaves the portfolio; it was 1.02% of weight.
− CREDIT AGRICOLE SA
Leaves the portfolio; it was 0.94% of weight.
− CO-OPERATIVE BANK HO
Leaves the portfolio; it was 0.93% of weight.
− IBERCAJA BANCO SA
Leaves the portfolio; it was 0.90% of weight.
− CRL CREDITO AGRICOLA
Leaves the portfolio; it was 0.86% of weight.
− AA BOND CO LTD
Leaves the portfolio; it was 0.84% of weight.
− PIRAEUS FINANCIAL HL
Leaves the portfolio; it was 0.83% of weight.
− Maxam Corp
Leaves the portfolio; it was 0.83% of weight.
− HEATHROW FINANCE PLC
Leaves the portfolio; it was 0.83% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.80% of weight.
− UNICAJA BANCO SA
Leaves the portfolio; it was 0.80% of weight.
− LLOYDS BANKING GROUP
Leaves the portfolio; it was 0.70% of weight.
− ADECOAGRO SA
Leaves the portfolio; it was 0.69% of weight.
− Softb
Leaves the portfolio; it was 0.68% of weight.
− INTERNATIONAL PETROL
Leaves the portfolio; it was 0.68% of weight.
− ROTHESAY LIFE
Leaves the portfolio; it was 0.65% of weight.
− DIG HLDNG/DIG FIN/DI
Leaves the portfolio; it was 0.65% of weight.
− Ecopetrol SA
Leaves the portfolio; it was 0.53% of weight.
− FRESENIUS MED CARE I
Leaves the portfolio; it was 0.42% of weight.
− Banco Credito Social
Leaves the portfolio; it was 0.41% of weight.
− BLACKSTONE HOLDINGS
Leaves the portfolio; it was 0.35% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 2.44% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 2.37% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 2.37% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 2.10% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 2.04% of weight.
◦ BARCLAYS
Leaves the portfolio; it was 1.76% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 1.75% of weight.
◦ US TREASURY N/B
Leaves the portfolio; it was 1.69% of weight.
◦ UNITED KINGDOM GILT
Leaves the portfolio; it was 0.95% of weight.
◦ Brooge Petro
Leaves the portfolio; it was 0.22% of weight.
Disclaimer
This is not financial advice. The portfolio comes from the periodic report the fund files with the CNMV and lags the real close of the period: it is a snapshot of the end of each half-year, not a real-time portfolio.