Manager
RENTA 4 GESTORA, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
FINACCESS ESTRATEGIA DIVIDENDO MIXTO, FI
Category
—
Latest period
H2 2025
Positions
89
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.
89
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 25
Exits: 16
Increases: 7
Cuts: 8
+ ACCIONES|SACYR SA
Enters the portfolio at 1.61% weight.
Sacyr, S.A. engages in the development and operation of infrastructure concessions worldwide. It is involved in the infrastructure development, such as transportation, sanitation, water, and waste treatment; development of large-scale civil engineering, industrial transport infrastructure, and building projects; water treatment, purification, desalination, purification, and reuse, as well as operation and maintenance of facilities. The company was formerly known as Sacyr Vallehermoso S.A. and changed its name to Sacyr, S.A. in August 2013. Sacyr, S.A. is based in Madrid, Spain.
View company page →+ ACCIONES|Zegona Communications plc
Enters the portfolio at 1.44% weight.
Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets. The company was incorporated in 2015 and is based in London, the United Kingdom. Zegona Communications plc operates as a subsidiary of Ejlshm Funding Limited.
View company page →+ ACCIONES|Allfunds Group Plc
Enters the portfolio at 0.86% weight.
Allfunds Group plc, together with its subsidiaries, operates as a B2B WealthTech company that connects fund houses and distributors in the United Kingdom and internationally. It operates through two segments, Net Platform, and Net Subscription and Other Revenues. The company offers Connect, an Allfunds professional workstation; and Nextportfolio, a portfolio management system; and end-investor platform for wealth management needs of asset managers, banks, wealth managers, and insurance companies. It also provides ESG solutions, such as ESG scoring, reporting, portfolio advisory and construction, audit and certification, analysis, investment proposal generator, reporting generator, and monitoring; model portfolio advisory, bespoke reporting, private assets, audit and certification, fund selection, and regulatory implementation services; and Sustainability Navigator, a tool for constructing sustainable investment portfolios in line with SFDR regulation. In addition, the company offers regulatory reporting corner, a specialized platform to provide fund registration, regulatory reporting, and distribution, as well as generate fund regulatory reporting. Further, it provides investment solutions for Distributors and Fund Houses, including Management Company (ManCo) white label services in connection with the creation and distribution of UCITs funds; White Label Fund Hosting Platform that provides supports mutual funds and ETFs; Allfunds Navigator which provides market insights and identify opportunities; and Allfunds Blockchain solutions. The company serves private bank, insurance, asset management, bank, custodian, and other customers. The company was founded in 2000 and is based in London, the United Kingdom.
View company page →+ ACCIONES|RENAULT SA
Enters the portfolio at 0.85% weight.
Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. The company operates through Automotive, Sales Financing, and Mobility Services segments. The Automotive segment produces, sells, and distributes passenger cars and light commercial vehicles. The Sale Financing segment is involved in the sales financing, rental, maintenance, and service contracts under the Mobilize Financial Services trade name. The Mobility Services segment provides mobility and energy solutions for electric vehicle users under the Mobilize Beyond Automotive brand. It offers used vehicles and spare parts; and engages in the business-to-business powertrain activities, and research and advanced engineering activities. The company also engages in the design and production of parts and equipment used for manufacturing and operation of vehicles. It serves commercial, light commercial and passenger vehicles, tractors, farm machinery and construction equipment under the Renault, Dacia, and Alpine brands. The company was founded in 1898 and is based in Boulogne-Billancourt, France.
View company page →+ ACCIONES|KION GROUP AG
Enters the portfolio at 0.81% weight.
KION GROUP AG provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific. It operates through Industrial Trucks & Services; and Supply Chain Solutions segments. The company offers forklift and heavy trucks, counterbalance trucks with electric drive and internal combustion engine, intralogistics systems, components and spare parts, narrow aisle trucks, lithium-ion batteries, and industrial and warehouse trucks under the Linde, STILL, Baoli, Fenwick, and OM brands. It also leases and rents industrial trucks and related equipment; and provides maintenance and repair services, fleet management solutions, driver assistance systems, and service options, as well as finance solutions. In addition, the company provides integrated technology and software solutions, automated guided vehicle systems, warehouse automation solutions, palletizers, storage and picking equipment, automated storage and retrieval systems, system components and racking, sorters, and conveyors under the Dematic brand. Further, it offers logistics solutions. The company was formerly known as KION Holding 1 GmbH. KION GROUP AG was founded in 2006 and is headquartered in Frankfurt am Main, Germany.
View company page →− ACCIONES|Grupo Catalana Occidente SA
Leaves the portfolio; it was 1.99% of weight.
− ACCIONES|Endesa SA
Leaves the portfolio; it was 1.54% of weight.
− ACCIONES|ACS Actividades de Construccio
Leaves the portfolio; it was 1.54% of weight.
− ACCIONA FINANCIACION FIL
Leaves the portfolio; it was 1.41% of weight.
− INTL CONSOLIDATED AIRLIN
Leaves the portfolio; it was 1.34% of weight.
− ACCIONES|RED ELECTRICA CORP
Leaves the portfolio; it was 1.21% of weight.
− ACCIONES|TECNICAS REUNIDAS SA
Leaves the portfolio; it was 1.18% of weight.
Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Upstream & Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels. The Natural gas segment provides direction, management, engineering, procurement, construction and commissioning services for facilities throughout the supply chain, from natural gas production to regasification terminals; and treatment and processing plants, compressor and liquefaction stations, storage tanks, and final regasification facilities. The Petrochemical segment provides direction, management, engineering, procurement, construction and startup services for facilities dedicated to the production of basic chemical materials used in water distribution, pharmaceuticals, health, food, energy efficiency in buildings and transport systems, and others. The Low-carbon technologies segment offers hydrogen, carbon capture and storage, circular economy and bioproducts; produces biomethane and converts biomass and waste into fuels, biodiesel, biokerosene, chemicals, and power and steam generation. The Other segment offers water treatment, port infrastructures, and oil production. In addition, the company is involved in real estate-related activities, consultancy and assistance in international engineering projects, project execution, and machinery wholesale business. Técnicas Reunidas, S.A. was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. The company was incorporated in 1960 and is headquartered in Madrid, Spain.
View company page →− INVITALIA
Leaves the portfolio; it was 1.09% of weight.
− CAIXABANK SA
Leaves the portfolio; it was 0.90% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.79% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.70% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 0.70% of weight.
− UNICAJA BANCO SA
Leaves the portfolio; it was 0.65% of weight.
− ACCIONA FINANCIACION FIL
Leaves the portfolio; it was 0.63% of weight.
− GOLDMAN SACHS GROUP INC
Leaves the portfolio; it was 0.57% of weight.
− FORD MOTOR CREDIT CO LLC
Leaves the portfolio; it was 0.54% of weight.
▲ ACCIONES|COMMERZBANK AG
Goes from 1.02% to 1.25%.
Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers current, money market, checking, business accounts; insurance products; credit and debit cards; pension scheme; card payment terminal; and various loans. It also offers installment loans; renovation loans, debt structuring, car loan, overdraft facility; real estate financing; term deposits; and online banking services, as well as trades securities, such as shares, funds, ETFs, certificates, options and futures, and bonds. In addition, the company provides wealth management services. Commerzbank AG was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
View company page →▼ ACCIONES|CIE DE SAINT-GOBAIN SA
Goes from 1.30% to 1.04%.
Compagnie de Saint-Gobain S.A., together with its subsidiaries, designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide. It operates in five segments: High Performance Solutions; Northern Europe; Southern Europe Middle East (ME) Americas; and Asia-Pacific. The company offers plaster-based products and systems for the construction and renovation markets under the Placo, Rigips, and Gyproc brands; insulation solutions for a range of applications, such as heating and air conditioning systems, insulation of pipes in industrial installations, engine and interior compartments of vehicles, household appliances, and photovoltaic panels under the Isover, CertainTeed, and Izocam brands; and mortars and construction chemicals under the Weber, Chryso, and GCP brands. It also provides ceilings under the Ecophon, CertainTeed, Eurocoustic, Gyptone, and Vinh Tuong brands; glazing solutions for buildings and mobility, including flat glass under the Saint-Gobain Glass, GlassSolutions, Vetrotech, and SageGlass brands; ductile cast iron pipe systems, covers, and gratings under the PAM brand; glass fiber materials and technical textiles; and abrasives, adhesives, sealants, adhesive tapes, foams, and films. In addition, the company offers ceramics and polymers; and exterior products comprising asphalt and composite shingles, solar roofing solutions, roll roofing systems, accessories, polymer shakes and shingles, and insulation cladding solutions under the CertainTeed brands. Further, it distributes heavy building materials; plumbing, heating, ventilation, and sanitaryware products; construction products; office partitions; timber and byproducts; home improvement products and services; bathrooms and kitchens; steel; and site equipment, PPEs, and tools. Compagnie de Saint-Gobain S.A. was founded in 1665 and is headquartered in Courbevoie, France.
View company page →▼ ACCIONES|MICROSOFT CORP
Goes from 1.93% to 1.72%.
Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.
View company page →Fixed income
Declared FI exposure
29.9 M €
% of portfolio
35.6%
Positions
44
Issuers
33
Sovereign: 6.1 M €
Corporate: 23.8 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 · 4.9%3-6 months · 1.9%6-12 months · 11.6%1-2 years · 20.9%2-5 years · 36.6%5-10 years · 24.1%
Maturity
Positions
Exposure
%
Matured or ≤3 months
3
1.5 M €
4.9%
3-6 months
1
558,190 €
1.9%
6-12 months
7
3.5 M €
11.6%
1-2 years
10
6.2 M €
20.9%
2-5 years
11
10.9 M €
36.6%
5-10 years
12
7.2 M €
24.1%
> 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
Bundesrepublik Deutschland
Sovereign
5
3.7 M €
2032-08-15
TECNICAS REUNIDAS
Corporate
2
2.6 M €
2028-04-24
SACYR SA
Corporate
1
2.5 M €
2030-02-28
REPUBLIC OF AUSTRIA
Sovereign
1
1.5 M €
2035-02-20
GENERAL DE ALQUI
Corporate
1
1.5 M €
2030-11-25
BANKINTER, S.A.
Bank
2
1.3 M €
2026-01-17
INTESA SANPAOLO SPA
Corporate
2
1.3 M €
2027-09-06
PERMANENT TSB GROUP
Corporate
1
1.2 M €
2027-10-26
ABANCA CORP BANCARIA
Corporate
1
1.2 M €
2028-07-14
DEUTSCHE BANK AG
Corporate
2
1.0 M €
2027-07-12
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
XS3071337847 SACYR SA
4.75%
2030-02-28
2.5 M €
ES0378165015 TECNICAS REUNIDAS
5.40%
2028-04-24
1.6 M €
AT0000A3HU25 REPUBLIC OF AUSTRIA
2.95%
2035-02-20
1.5 M €
ES0241571019 GENERAL DE ALQUI
5.25%
2030-11-25
1.5 M €
DE000BU2Z031 Bundesrepublik Deutschland
2.60%
2034-08-15
1.3 M €
XS2538798583 PERMANENT TSB GROUP
13.25%
2027-10-26
1.2 M €
ES0865936027 ABANCA CORP BANCARIA
10.63%
2028-07-14
1.2 M €
ES0378165023 TECNICAS REUNIDAS
5.15%
2030-01-30
1.0 M €
XS2383811424 BANCO DE CREDITO SOCIAL
1.75%
2027-03-09
906,532 €
XS2199369070 BANKINTER, S.A.
6.25%
2026-01-17
841,418 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
29.3 M €
98.0%
USD
604,082 €
2.0%
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: 13
Exits at maturity: 4
Exits not explained by maturity: 7
+ GENERAL DE ALQUI
Enters the portfolio at 1.79% weight.
+ PERMANENT TSB GROUP
Enters the portfolio at 1.41% weight.
+ ABANCA CORP BANCARIA SA
Enters the portfolio at 1.39% weight.
+ INTESA SANPAOLO SPA
Enters the portfolio at 0.85% weight.
+ ACCIONA FINANCIACION FIL
Enters the portfolio at 0.83% weight.
+ BUNDESREPUB. DEUTSCHLAND
Enters the portfolio at 0.83% weight.
+ ACHMEA BV
Enters the portfolio at 0.76% weight.
+ BANK MILLENNIUM SA
Enters the portfolio at 0.65% weight.
+ INTESA SANPAOLO SPA
Enters the portfolio at 0.65% weight.
+ GENERAL MOTORS FINL CO
Enters the portfolio at 0.63% weight.
+ SANTANDER CONSUMER BANK
Enters the portfolio at 0.63% weight.
+ GESTAMP AUTOMOCION SA
Enters the portfolio at 0.61% weight.
+ CELANESE US HOLDINGS LLC
Enters the portfolio at 0.60% weight.
− ACCIONA FINANCIACION FIL
Leaves the portfolio; it was 1.41% of weight.
− INTL CONSOLIDATED AIRLIN
Leaves the portfolio; it was 1.34% of weight.
− CAIXABANK SA
Leaves the portfolio; it was 0.90% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.79% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.70% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 0.70% of weight.
− ACCIONA FINANCIACION FIL
Leaves the portfolio; it was 0.63% of weight.
◦ INVITALIA
Leaves the portfolio; it was 1.09% of weight.
◦ UNICAJA BANCO SA
Leaves the portfolio; it was 0.65% of weight.
◦ GOLDMAN SACHS GROUP INC
Leaves the portfolio; it was 0.57% of weight.
◦ FORD MOTOR CREDIT CO LLC
Leaves the portfolio; it was 0.54% 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.