Fund page

GESEM, FI

Manager

ANDBANK WEALTH MANAGEMENT, SGIIC, S.A.U. 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

BUONI POLIENNALI DEL IT0005466013 · EUR Deuda Publica Cotizada Mas 1 Anio IT 3.77% —

Intl Consolidated Ai XS2020581752 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.94% —

BIMBO BAKERIES USA I USU0901RAE72 · USD Renta Fija Cotizada Mas 1 Anio US 2.57% —

PUBLIC STORAGE OP CO XS2384697830 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.53% —

BANCO INVERSIS, S.A. ES0000012O59 · EUR Adquisicion Temporal Activos ES 2.49% —

IRON MOUNTAIN INC USU46009AG82 · USD Renta Fija Cotizada Mas 1 Anio US 2.43% —

ATHORA HOLDING LTD XS2628821790 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.43% —

Grupo Eroski XS3195078251 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.31% —

TRAFIGURA FUNDING SA XS2293733825 · EUR Renta Fija Cotizada Menos 1 Anio XS 2.25% —

IQVIA INC XS2036798150 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.21% —

FRANCE (GOVT OF) FR001400QMF9 · EUR Deuda Publica Cotizada Mas 1 Anio FR 2.15% —

Merlin Properties XS1512827095 · EUR Renta Fija Cotizada Menos 1 Anio XS 2.11% —

JERROLD FINCO PLC XS2797220782 · GBP Renta Fija Cotizada Mas 1 Anio XS 1.75% —

GRUPO-ANTOLIN IRAUSA XS2355632584 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.55% —

LIFEFITGROUP MIDCO NO0013252452 · EUR Renta Fija Cotizada Mas 1 Anio NO 1.55% —

Corte Ingles XS2848960683 · EUR Deuda Publica Cotizada Mas 1 Anio XS 1.55% —

BUONI POLIENNALI DEL IT0005542797 · EUR Deuda Publica Cotizada Mas 1 Anio IT 1.54% —

Nokia XS1960685383 · EUR Renta Fija Cotizada Menos 1 Anio XS 1.54% —

SECHE ENVIRONNEMENT XS2895496680 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.52% —

MAXAM PRILL SARL XS3107119003 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.51% —

SCHAEFFLER AG DE000A2YB7B5 · EUR Renta Fija Cotizada Mas 1 Anio DE 1.50% —

ALMAVIVA THE ITALIAN XS2927492798 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.50% —

BONOS Y OBLIG DEL ES ES0000012L29 · EUR Deuda Publica Cotizada Memos 1 Anio ES 1.47% —

LOXAM SAS XS2401886788 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.47% —

La Sirena ES0505628463 · EUR Renta Fija No Cotizada ES 1.43% —

INMOBILIARIA COLONIA XS1725678194 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.42% —

BANCO DE CREDITO SOC XS2383811424 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.36% —

Renault FR0013451416 · EUR Renta Fija Cotizada Mas 1 Anio FR 1.35% —

CRITERIA ES0205045026 · EUR Renta Fija Cotizada Mas 1 Anio ES 1.35% —

TELEFONAKTIEBOLAGET XS2441574089 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.35% —

ACCIONES|ACS ES0167050915 · EUR Renta Variable Cotizada ES 1.26% —

FRESENIUS FIN IRELAN XS2325562697 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.18% —

República Argentina US040114HT09 · USD Deuda Publica Cotizada Mas 1 Anio US 1.15% —

Fertiberia SA NO0013219477 · EUR Renta Fija Cotizada Mas 1 Anio NO 1.13% —

ACCIONES|Indra Sistemas SA ES0118594417 · EUR Renta Variable Cotizada ES 1.08% —

ACCIONES|ASML Holding Nv NL0010273215 · EUR Renta Variable Cotizada NL 0.82% —

ACCIONES|IBERDROLA ES0144580Y14 · EUR Renta Variable Cotizada ES 0.75% —

ACCIONES|Leonardo Finmecanica IT0003856405 · EUR Renta Variable Cotizada IT 0.73% —

ACCIONES|IG Group PLC GB00B06QFB75 · GBP Renta Variable Cotizada GB 0.70% —

ACCIONES|Games Workshop Group GB0003718474 · GBP Renta Variable Cotizada GB 0.69% —

ACCIONES|Chemometec DK0060055861 · DKK Renta Variable Cotizada DK 0.58% —

ACCIONES|Louis Vuitton FR0000121014 · EUR Renta Variable Cotizada FR 0.57% —

ACCIONES|Legrand S.A. FR0010307819 · EUR Renta Variable Cotizada FR 0.57% —

ACCIONES|Monster Beverage US61174X1090 · USD Renta Variable Cotizada US 0.56% —

ACCIONES|Moncler Spa IT0004965148 · EUR Renta Variable Cotizada IT 0.53% —

ACCIONES|Public Storage US74460D1090 · USD Renta Variable Cotizada US 0.49% —

ACCIONES|Hershey Company US4278661081 · USD Renta Variable Cotizada US 0.46% —

ACCIONES|IronMou US46284V1017 · USD Renta Variable Cotizada US 0.44% —

ACCIONES|Ameriprise US03076C1062 · USD Renta Variable Cotizada US 0.43% —

ACCIONES|CTS Eventim AG DE0005470306 · EUR Renta Variable Cotizada DE 0.38% —

ACCIONES|Novo-Nordisk DK0062498333 · DKK Renta Variable Cotizada DK 0.35% —

ACCIONES|Cadence Design Inc US1273871087 · USD Renta Variable Cotizada US 0.30% —

ACCIONES|DOXIMITY INC US26622P1075 · USD Renta Variable Cotizada US 0.28% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 13 Exits: 9 Increases: 2 Cuts: 2

+ BANCO INVERSIS, S.A.

Enters the portfolio at 2.49% weight.

View company page →

+ Grupo Eroski

Enters the portfolio at 2.31% weight.

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+ JERROLD FINCO PLC

Enters the portfolio at 1.75% weight.

View company page →

+ SECHE ENVIRONNEMENT

Enters the portfolio at 1.52% weight.

View company page →

+ MAXAM PRILL SARL

Enters the portfolio at 1.51% weight.

View company page →

+ La Sirena

Enters the portfolio at 1.43% weight.

View company page →

+ ACCIONES|ACS

Enters the portfolio at 1.26% weight.

View company page →

+ ACCIONES|IBERDROLA

Enters the portfolio at 0.75% weight.

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+ ACCIONES|Legrand S.A.

Enters the portfolio at 0.57% weight.

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+ ACCIONES|Monster Beverage

Enters the portfolio at 0.56% weight.

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+ ACCIONES|Hershey Company

Enters the portfolio at 0.46% weight.

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+ ACCIONES|CTS Eventim AG

Enters the portfolio at 0.38% weight.

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+ ACCIONES|Cadence Design Inc

Enters the portfolio at 0.30% weight.

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− IBERCAJA

Leaves the portfolio; it was 3.00% of weight.

− CPI PROPERTY GROUP S

Leaves the portfolio; it was 2.33% of weight.

− EROSKI S COOP

Leaves the portfolio; it was 1.63% of weight.

− BANCO INVERSIS, S.A.

Leaves the portfolio; it was 1.56% of weight.

− ACCIONES|SAP - AG

Leaves the portfolio; it was 1.55% of weight.

− Webuild Spa

Leaves the portfolio; it was 1.50% of weight.

− TELEFONICA EMISIONES

Leaves the portfolio; it was 1.43% of weight.

− ACCIONES|INDITEX

Leaves the portfolio; it was 0.53% of weight.

− ACCIONES|Adobe Systems

Leaves the portfolio; it was 0.37% of weight.

▲ ACCIONES|Indra Sistemas SA

Goes from 0.83% to 1.08%.

View company page →

▲ ACCIONES|ASML Holding Nv

Goes from 0.61% to 0.82%.

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▼ BONOS Y OBLIG DEL ES

Goes from 4.50% to 1.47%.

View company page →

▼ Renault

Goes from 4.10% to 1.35%.

View company page →

Fixed income

Declared FI exposure

4.1 M €

% of portfolio

60.4%

Positions

Issuers

Sovereign: 784,937 € Corporate: 3.1 M € Repos / treasury management: 168,000 €

Maturity ladder

Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.

17% 42% 21%

Matured or ≤3 months · 6.5%3-6 months · 5.0%6-12 months · 3.6%1-2 years · 17.2%2-5 years · 42.2%5-10 years · 20.9%> 10 years · 4.4%

Maturity Positions Exposure %

Matured or ≤3 months 2 255,679 € 6.5%

3-6 months 2 195,982 € 5.0%

6-12 months 1 142,545 € 3.6%

1-2 years 6 672,767 € 17.2%

2-5 years 14 1.6 M € 42.2%

5-10 years 6 817,024 € 20.9%

> 10 years 1 173,260 € 4.4%

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

Repubblica Italiana Sovereign 2 358,525 € 2030-06-15

INTL CONSOLIDATED AI Corporate 1 198,579 € 2027-07-04

BIMBO BAKERIES USA I Corporate 1 173,260 € 2036-01-09

PUBLIC STORAGE OP CO Corporate 1 170,956 € 2030-09-09

IRON MOUNTAIN INC Corporate 1 163,974 € 2029-09-15

ATHORA HOLDING Corporate 1 163,898 € 2028-06-16

Grupo Eroski Corporate 1 155,596 € 2031-05-15

TRAFIGURA FUNDING Corporate 1 151,940 € 2026-02-02

IQVIA INC Corporate 1 149,108 € 2028-01-15

FRANCE (GOVT OF) Sovereign 1 145,184 € 2034-11-25

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

IT0005466013 Repubblica Italiana 0.95% 2032-06-01 254,753 €

XS2020581752 INTL CONSOLIDATED AI 1.50% 2027-07-04 198,579 €

USU0901RAE72 BIMBO BAKERIES USA I 5.38% 2036-01-09 173,260 €

XS2384697830 PUBLIC STORAGE OP CO 0.50% 2030-09-09 170,956 €

USU46009AG82 IRON MOUNTAIN INC 4.88% 2029-09-15 163,974 €

XS2628821790 ATHORA HOLDING 6.63% 2028-06-16 163,898 €

XS3195078251 Grupo Eroski 5.75% 2031-05-15 155,596 €

XS2293733825 TRAFIGURA FUNDING 3.88% 2026-02-02 151,940 €

XS2036798150 IQVIA INC 2.25% 2028-01-15 149,108 €

FR001400QMF9 FRANCE (GOVT OF) 3.00% 2034-11-25 145,184 €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %

EUR 3.5 M € 86.9%

USD 414,599 € 10.2%

GBP 118,020 € 2.9%

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: 5 Exits at maturity: 1 Exits not explained by maturity: 4

+ Grupo Eroski

Enters the portfolio at 2.31% weight.

+ JERROLD FINCO PLC

Enters the portfolio at 1.75% weight.

+ SECHE ENVIRONNEMENT

Enters the portfolio at 1.52% weight.

+ MAXAM PRILL SARL

Enters the portfolio at 1.51% weight.

+ La Sirena

Enters the portfolio at 1.43% weight.

− IBERCAJA

Leaves the portfolio; it was 3.00% of weight.

− CPI PROPERTY GROUP S

Leaves the portfolio; it was 2.33% of weight.

− EROSKI S COOP

Leaves the portfolio; it was 1.63% of weight.

− TELEFONICA EMISIONES

Leaves the portfolio; it was 1.43% of weight.

◦ Webuild Spa

Leaves the portfolio; it was 1.50% 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.