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BBVA ESTRATEGIA 0-50, FI

Manager

BBVA ASSET MANAGEMENT, S.A., SGIIC See the CNMV manager universe →

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.

Company Type Country Weight Price

KINGDOM OF SPAIN ES0L02603063 · EUR Deuda Publica Cotizada Memos 1 Anio ES 3.96% —

FRENCH REPUBLIC FR0013508470 · EUR Deuda Publica Cotizada Memos 1 Anio FR 3.82% —

REPUBLIC OF ITALY IT0005633794 · EUR Deuda Publica Cotizada Mas 1 Anio IT 1.60% —

FEDERAL REPUBLIC OF DE000BU2Z007 · EUR Deuda Publica Cotizada Mas 1 Anio DE 1.48% —

FRENCH REPUBLIC FR001400AIN5 · EUR Deuda Publica Cotizada Mas 1 Anio FR 1.45% —

KINGDOM OF SPAIN ES0000012G34 · EUR Deuda Publica Cotizada Mas 1 Anio ES 1.19% —

UNITED STATES OF AME US91282CHF14 · USD Deuda Publica Cotizada Mas 1 Anio US 1.17% —

BNP PARIBAS SA FR001400LZI6 · EUR Renta Fija Cotizada Mas 1 Anio FR 1.09% —

UNITED STATES OF AME US91282CHT18 · USD Deuda Publica Cotizada Mas 1 Anio US 0.89% —

UNITED STATES OF AME US91282CCY57 · USD Deuda Publica Cotizada Mas 1 Anio US 0.86% —

MORGAN STANLEY XS2548081053 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.78% —

CONTINENTAL AG XS2630117328 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.71% —

RWE AG XS2482887879 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.70% —

VOLKSWAGEN INTERNATI XS0908570459 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.65% —

MERCK & CO INC US58933YBD67 · USD Renta Fija Cotizada Mas 1 Anio US 0.59% —

BAYER AG XS2281343413 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.56% —

PFIZER NETHERLANDS I XS3019313363 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.50% —

MCDONALD´S CORP US58013MFF68 · USD Renta Fija Cotizada Mas 1 Anio US 0.45% —

TOYOTA MOTOR CREDIT US89236TKQ75 · USD Renta Fija Cotizada Mas 1 Anio US 0.45% —

ACCIONES|ASML HOLDING NV NL0010273215 · EUR Renta Variable Cotizada NL 0.37% —

BANCO SANTANDER SA XS2743029253 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.34% —

SIEMENS FINANCIERING XS2526839258 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.33% —

ACCIONES|AIRBUS SE NL0000235190 · EUR Renta Variable Cotizada NL 0.32% 203.70 EUR

ACCIONES|SCHNEIDER ELECTRIC S FR0000121972 · EUR Renta Variable Cotizada FR 0.28% —

ACCIONES|SIEMENS AG DE0007236101 · EUR Renta Variable Cotizada DE 0.27% —

ACCIONES|UNICREDIT SPA IT0005239360 · EUR Renta Variable Cotizada IT 0.26% —

ACCIONES|ANHEUSER-BUSCH INBEV BE0974293251 · EUR Renta Variable Cotizada BE 0.26% —

ACCIONES|ENEL SPA IT0003128367 · EUR Renta Variable Cotizada IT 0.25% —

ACCIONES|NOVARTIS AG CH0012005267 · CHF Renta Variable Cotizada CH 0.24% —

ACCIONES|TOTALENERGIES SE FR0000120271 · EUR Renta Variable Cotizada FR 0.24% —

ACCIONES|GLANBIA PLC IE0000669501 · EUR Renta Variable Cotizada IE 0.23% —

ACCIONES|BANCO SANTANDER SA ES0113900J37 · EUR Renta Variable Cotizada ES 0.22% —

ACCIONES|SANOFI SA FR0000120578 · EUR Renta Variable Cotizada FR 0.22% —

ACCIONES|CIE FINANCIERE RICHE CH0210483332 · CHF Renta Variable Cotizada CH 0.21% 185.75 CHF

ACCIONES|AMADEUS IT GROUP SA ES0109067019 · EUR Renta Variable Cotizada ES 0.20% —

ACCIONES|NORSK HYDRO ASA NO0005052605 · NOK Renta Variable Cotizada NO 0.20% —

ACCIONES|ASTRAZENECA PLC GB0009895292 · GBP Renta Variable Cotizada GB 0.20% —

ACCIONES|BARCLAYS PLC GB0031348658 · GBP Renta Variable Cotizada GB 0.20% 492.60 GBp

ACCIONES|ALLFUNDS GROUP PLC GB00BNTJ3546 · EUR Renta Variable Cotizada GB 0.17% 8.95 EUR

ACCIONES|COMPASS GROUP PLC GB00BD6K4575 · GBP Renta Variable Cotizada GB 0.16% —

ACCIONES|ING GROEP NV NL0011821202 · EUR Renta Variable Cotizada NL 0.16% —

ACCIONES|ALCON AG CH0432492467 · CHF Renta Variable Cotizada CH 0.15% —

ACCIONES|IMCD NV NL0010801007 · EUR Renta Variable Cotizada NL 0.14% —

ACCIONES|AIR LIQUIDE SA FR0000120073 · EUR Renta Variable Cotizada FR 0.13% —

ACCIONES|UNIVERSAL MUSIC GROU NL0015000IY2 · EUR Renta Variable Cotizada NL 0.12% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 9 Exits: 9 Increases: 0 Cuts: 1

+ PFIZER NETHERLANDS I

Enters the portfolio at 0.50% weight.

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+ ACCIONES|SCHNEIDER ELECTRIC S

Enters the portfolio at 0.28% weight.

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+ ACCIONES|SIEMENS AG

Enters the portfolio at 0.27% weight.

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+ ACCIONES|NOVARTIS AG

Enters the portfolio at 0.24% weight.

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+ ACCIONES|BANCO SANTANDER SA

Enters the portfolio at 0.22% weight.

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+ ACCIONES|CIE FINANCIERE RICHE

Enters the portfolio at 0.21% weight.

Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories. The company provides its products under the Cartier, Van Cleef & Arpels, Vhernier, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, Watchfinder&Co., TIMEVALLEE, and brand names through retail online retail, and wholesale distribution channels. It offers its products in France, the United Kingdom, Italy, Switzerland, rest of Europe, the United Arab Emirates, rest of the Middle East, Africa, China, Hong Kong, Macau, Japan, South Korea, rest of Asia, the United States, and rest of the Americas. The company was incorporated in 1979 and is headquartered in Bellevue, Switzerland.

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+ ACCIONES|BARCLAYS PLC

Enters the portfolio at 0.20% weight.

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK; Barclays UK Corporate Bank; Barclays Private Bank and Wealth Management; Barclays Investment Bank; and Barclays US Consumer Bank segments. It offers financial services, such as current accounts, savings accounts, mortgages and unsecured lending, such as credit cards and loans retail banking, wholesale banking, investment banking, wealth management, and investment management services, as well as lending products. In addition, the company engages in securities dealing activities and issuing of credit cards. The company was formerly known as Barclays Bank public limited company and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.

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+ ACCIONES|ING GROEP NV

Enters the portfolio at 0.16% weight.

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+ ACCIONES|ALCON AG

Enters the portfolio at 0.15% weight.

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− KINGDOM OF SPAIN

Leaves the portfolio; it was 3.22% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 2.59% of weight.

− CITIGROUP INC

Leaves the portfolio; it was 0.67% of weight.

− ACCIONES|ELIS SA

Leaves the portfolio; it was 0.30% of weight.

− ACCIONES|CELLNEX TELECOM SA

Leaves the portfolio; it was 0.28% of weight.

− ACCIONES|PERNOD RICARD SA

Leaves the portfolio; it was 0.27% of weight.

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No. 40, Malfy, Malibu, Kahlua, Martell, Method & Madness, Midleton Very Rare, Minttu, Monkey 47, Mumm, Olmeca, Ostoya, Passport Scotch, Pastis 51, Pernod, Perrier-Jouët, Plymouth Gin, Powers, Rabbit Hole, Ramazzotti, Redbreast, Ricard, Royal Salute, Royal Stag, Scapa, Seagram's Gin, Secret Speyside, Smooth Ambler, Something Special, Suze, The Glenlivet, TX, and Wyborowa. It also provides non-alcoholic beverages under the brands Beefeater 0%, Ceder's, Suze Tonic 0%, Cinzano Spritz 0%, Pacific, Campo Viejo Sparkling 0%, and Jacob's Creek Unvined. Pernod Ricard SA was founded in 1805 and is headquartered in Paris, France.

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− ACCIONES|RENTOKIL INITIAL PLC

Leaves the portfolio; it was 0.25% of weight.

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, Europe, the United Kingdom, Asia, the Middle East, North Africa, Turkey, and Pacific. The company offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management. It provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats. In addition, the company engages in the supply and laundering of garments for commercial organizations. Further, the company provides a range of specialist cleaning services, such as graffiti removal, deep cleaning of kitchens and washrooms, trauma cleaning, and flood or fire damage cleaning, as well as specialist deep cleaning services. Rentokil Initial plc was founded in 1903 and is headquartered in Crawley, the United Kingdom.

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− ACCIONES|BARRY CALLEBAUT AG

Leaves the portfolio; it was 0.21% of weight.

− ACCIONES|JDE PEET´S NV

Leaves the portfolio; it was 0.16% of weight.

▼ REPUBLIC OF ITALY

Goes from 2.58% to 1.60%.

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Fixed income

Declared FI exposure

7.0 M €

% of portfolio

23.6%

Positions

Issuers

Sovereign: 4.9 M € Corporate: 2.1 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.

33% 36% 23%

Matured or ≤3 months · 33.0%1-2 years · 8.2%2-5 years · 35.7%5-10 years · 23.1%

Maturity Positions Exposure %

Matured or ≤3 months 2 2.3 M € 33.0%

3-6 months 0 0 € 0.0%

6-12 months 0 0 € 0.0%

1-2 years 2 572,000 € 8.2%

2-5 years 11 2.5 M € 35.7%

5-10 years 6 1.6 M € 23.1%

> 10 years 0 0 € 0.0%

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

République Française Sovereign 2 1.6 M € 2026-02-25

Reino de España Sovereign 2 1.5 M € 2026-03-06

UNITED STATES OF AME Sovereign 3 862,000 € 2028-09-30

Repubblica Italiana Sovereign 1 473,000 € 2027-02-25

FEDERAL REPUBLIC OF Sovereign 1 438,000 € 2033-02-15

BNP PARIBAS SA Corporate 1 321,000 € 2032-11-13

MORGAN STANLEY Corporate 1 232,000 € 2034-01-25

CONTINENTAL AG Corporate 1 209,000 € 2028-06-01

RWE AG Corporate 1 208,000 € 2030-05-24

VOLKSWAGEN INTERNATI Corporate 1 193,000 € 2033-03-22

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

ES0L02603063 Reino de España 1.98% 2026-03-06 1.2 M €

FR0013508470 République Française 3.17% 2026-02-25 1.1 M €

IT0005633794 Repubblica Italiana 2.55% 2027-02-25 473,000 €

DE000BU2Z007 FEDERAL REPUBLIC OF 2.30% 2033-02-15 438,000 €

FR001400AIN5 République Française 0.75% 2028-02-25 429,000 €

ES0000012G34 Reino de España 1.25% 2030-10-31 351,000 €

US91282CHF14 UNITED STATES OF AME 3.75% 2030-05-31 347,000 €

FR001400LZI6 BNP PARIBAS SA 4.75% 2032-11-13 321,000 €

US91282CHT18 UNITED STATES OF AME 3.88% 2033-08-15 262,000 €

US91282CCY57 UNITED STATES OF AME 1.25% 2028-09-30 253,000 €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %

EUR 5.7 M € 81.3%

USD 1.3 M € 18.7%

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: 1 Exits at maturity: 0 Exits not explained by maturity: 3

+ PFIZER NETHERLANDS I

Enters the portfolio at 0.50% weight.

− KINGDOM OF SPAIN

Leaves the portfolio; it was 3.22% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 2.59% of weight.

− CITIGROUP INC

Leaves the portfolio; it was 0.67% 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.