Fund page

GVC GAESCO RENTA VALOR, FI

Manager

GVC GAESCO GESTIÓN, SGIIC, S.A. 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

CECABANK ES0000012K53 · EUR Adquisicion Temporal Activos ES 22.86% —

BANCO CAMINOS — · EUR Depositos — 13.23% —

ESTADO ESPAÑOL ES00000124C5 · EUR Deuda Publica Cotizada Mas 1 Anio ES 3.79% —

ESTADO ESPAÑOL ES0000012A89 · EUR Deuda Publica Cotizada Mas 1 Anio ES 3.47% —

FRENCH DISCOUNT T BI FR0129287332 · EUR Deuda Publica Cotizada Memos 1 Anio FR 3.45% —

TIKEJHAU CAPITAL FR0014002PC4 · EUR Renta Fija Cotizada Mas 1 Anio FR 1.32% —

AUTOP. DEL ATLANTIC ES0211839230 · EUR Renta Fija Cotizada Mas 1 Anio ES 1.10% —

BANCO DE SABADELL XS2286011528 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.05% —

VALFORTEC ES0305542005 · EUR Renta Fija Cotizada Menos 1 Anio ES 1.05% —

CNP ASSURANCES FR0010167247 · EUR Renta Fija Cotizada Mas 1 Anio FR 1.04% —

Acciones|A GLOBAL FLEXIBLE P SICAV ES0165940000 · EUR Renta Variable Cotizada ES 1.03% —

UNION FENOSA PREFERE XS0221627135 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.98% —

Acciones|ANHEUSER BUSCH INBEV NV BE0974293251 · EUR Renta Variable Cotizada BE 0.97% —

Acciones|ARSEUS BE0003874915 · EUR Renta Variable Cotizada BE 0.75% 22.35 EUR

GROUPAMA S.A. FR001400QR21 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.73% —

SACYR XS3071337847 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.72% —

UNICAJA ES0880907003 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.71% —

GREENALIA SA NO0013684563 · EUR Renta Fija Cotizada Mas 1 Anio NO 0.71% —

BANCA MARCH, S.A. ES0313040083 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.70% —

NIMO´S HOLDING ES0505555575 · EUR Renta Fija No Cotizada ES 0.69% —

ACCIONA XS2300169419 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.68% —

Acciones|ARYZTA AG CH1425684714 · CHF Renta Variable Cotizada CH 0.57% —

Acciones|NOS SGPS PTZON0AM0006 · EUR Renta Variable Cotizada PT 0.56% —

Acciones|UNIPOL GRUPPO FINANZIARIO IT0004810054 · EUR Renta Variable Cotizada IT 0.54% —

Acciones|DEUTSCHE POST AG DE0005552004 · EUR Renta Variable Cotizada DE 0.49% —

Acciones|ENAGAS SA ES0130960018 · EUR Renta Variable Cotizada ES 0.46% —

Acciones|BANQUE NATIONALE DE PARIS FR0000131104 · EUR Renta Variable Cotizada FR 0.43% —

Acciones|ADP FR0010340141 · EUR Renta Variable Cotizada FR 0.39% —

Acciones|AXA FR0000120628 · EUR Renta Variable Cotizada FR 0.39% —

Acciones|MUENCHENER RUECKVER DE0008430026 · EUR Renta Variable Cotizada DE 0.38% —

Acciones|ORIGIN ENTERPRISES IE00B1WV4493 · EUR Renta Variable Cotizada IE 0.36% 4.55 EUR

TECNICAS REUNIDAS & ES0378165015 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.36% —

SACYR XS2597671051 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.35% —

GRUPOPIKOLIN ES0305072029 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.35% —

BANCO DE CREDITO SOC XS3090080733 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.35% —

ACS XS3029358317 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.35% —

PENSIUM ESG ES0305668016 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.35% —

BANCO DE CREDITO SOC XS3200187576 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.35% —

BANCO BILBAO VIZCAYA ES0214974075 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.35% —

INMOBILIARIA DEL SUR ES0305626006 · EUR Renta Fija Cotizada Menos 1 Anio ES 0.35% —

AGOTZAINA ES0205695002 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.35% —

AUDAX RENOVABLES SA ES0336463015 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.35% —

CIE AUTOMOTIVE S.A. ES0505630329 · EUR Renta Fija No Cotizada ES 0.34% —

AUDAX RENOVABLES SA ES0236463008 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.34% —

SA DE OBRAS SERVICIO ES0576156394 · EUR Renta Fija No Cotizada ES 0.34% —

Acciones|BUREAU VERITAS FR0006174348 · EUR Renta Variable Cotizada FR 0.33% —

AUTOP. DEL ATLANTIC ES0211839255 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.33% —

Acciones|DEUTSCHE BOERSE AG DE0005810055 · EUR Renta Variable Cotizada DE 0.31% 282.90 EUR

Acciones|VOPAK NL0009432491 · EUR Renta Variable Cotizada NL 0.31% —

Acciones|CORTICEIRA AMORIM PTCOR0AE0006 · EUR Renta Variable Cotizada PT 0.28% —

Acciones|BPOST SA BE0974268972 · EUR Renta Variable Cotizada BE 0.06% —

Acciones|NN GROUP NV NL0010773842 · EUR Renta Variable Cotizada NL 0.02% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 12 Exits: 8 Increases: 0 Cuts: 6

+ CECABANK

Enters the portfolio at 22.86% weight.

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+ FRENCH DISCOUNT T BI

Enters the portfolio at 3.45% weight.

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+ Acciones|ANHEUSER BUSCH INBEV NV

Enters the portfolio at 0.97% weight.

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+ GREENALIA SA

Enters the portfolio at 0.71% weight.

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+ NIMO´S HOLDING

Enters the portfolio at 0.69% weight.

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+ SACYR

Enters the portfolio at 0.35% weight.

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+ BANCO DE CREDITO SOC

Enters the portfolio at 0.35% weight.

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+ AGOTZAINA

Enters the portfolio at 0.35% weight.

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+ AUDAX RENOVABLES SA

Enters the portfolio at 0.35% weight.

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+ CIE AUTOMOTIVE S.A.

Enters the portfolio at 0.34% weight.

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+ AUDAX RENOVABLES SA

Enters the portfolio at 0.34% weight.

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+ SA DE OBRAS SERVICIO

Enters the portfolio at 0.34% weight.

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− CECABANK

Leaves the portfolio; it was 16.81% of weight.

− ESTADO ESPAÑOL

Leaves the portfolio; it was 3.12% of weight.

− ESTADO ESPAÑOL

Leaves the portfolio; it was 3.12% of weight.

− CECABANK

Leaves the portfolio; it was 2.10% of weight.

− GREENALIA SA

Leaves the portfolio; it was 0.84% of weight.

− BANCO DE CREDITO SOC

Leaves the portfolio; it was 0.43% of weight.

− SA DE OBRAS SERVICIO

Leaves the portfolio; it was 0.40% of weight.

− Acciones|GREENYEARD FOODS

Leaves the portfolio; it was 0.40% of weight.

▼ ESTADO ESPAÑOL

Goes from 4.59% to 3.79%.

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▼ ESTADO ESPAÑOL

Goes from 4.15% to 3.47%.

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▼ Acciones|ARYZTA AG

Goes from 1.06% to 0.57%.

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▼ TIKEJHAU CAPITAL

Goes from 1.59% to 1.32%.

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▼ AUTOP. DEL ATLANTIC

Goes from 1.31% to 1.10%.

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▼ BANCO DE SABADELL

Goes from 1.26% to 1.05%.

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Fixed income

Declared FI exposure

14.3 M €

% of portfolio

50.3%

Positions

Issuers

Sovereign: 2.1 M € Corporate: 5.7 M € Repos / treasury management: 6.5 M € Deposits / cash: 3.8 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.

16% 13% 35% 9% 14%

Matured or ≤3 months · 9.0%3-6 months · 2.5%6-12 months · 16.3%1-2 years · 12.7%2-5 years · 35.3%5-10 years · 1.3%> 10 years · 9.1%Unknown · 13.8%

Maturity Positions Exposure %

Matured or ≤3 months 3 700,077 € 9.0%

3-6 months 1 196,286 € 2.5%

6-12 months 4 1.3 M € 16.3%

1-2 years 1 988,140 € 12.7%

2-5 years 11 2.8 M € 35.3%

5-10 years 1 99,466 € 1.3%

> 10 years 3 707,247 € 9.1%

Unknown 7 1.1 M € 13.8%

Top issuers

The 10 issuers with the largest declared exposure in this fund, repos excluded.

Issuer Type ISINs Exposure Next maturity

Reino de España Sovereign 2 2.1 M € 2027-10-31

FRENCH DISCOUNT T-BI Corporate 1 979,932 € 2026-12-02

AUTOP. DEL ATLANTIC Corporate 2 405,803 € —

TIKEJHAU CAPITAL Corporate 1 376,516 € 2029-03-31

SACYR SA Corporate 2 306,872 € 2026-03-23

BANCO DE SABADELL, S Bank 1 300,033 € 2026-01-15

VALFORTEC Corporate 1 299,360 € 2026-03-23

CNP ASSURANCES Corporate 1 296,679 € 2049-03-11

UNION FENOSA PREFERE Corporate 1 278,473 € —

GROUPAMA S.A. Corporate 1 208,914 € 2070-07-16

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

ES00000124C5 Reino de España 5.15% 2028-10-31 1.1 M €

ES0000012A89 Reino de España 1.45% 2027-10-31 988,140 €

FR0129287332 FRENCH DISCOUNT T-BI 2.19% 2026-12-02 979,932 €

FR0014002PC4 TIKEJHAU CAPITAL 1.62% 2029-03-31 376,516 €

ES0211839230 AUTOP. DEL ATLANTIC 3.15% — 312,202 €

XS2286011528 BANCO DE SABADELL, S 2.50% 2026-01-15 300,033 €

ES0305542005 VALFORTEC 4.50% 2026-03-23 299,360 €

FR0010167247 CNP ASSURANCES 5.69% 2049-03-11 296,679 €

XS0221627135 UNION FENOSA PREFERE 0.91% — 278,473 €

FR001400QR21 GROUPAMA S.A. 3.25% 2070-07-16 208,914 €

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

+ FRENCH DISCOUNT T BI

Enters the portfolio at 3.45% weight.

+ GREENALIA SA

Enters the portfolio at 0.71% weight.

+ NIMO´S HOLDING

Enters the portfolio at 0.69% weight.

+ SACYR

Enters the portfolio at 0.35% weight.

+ BANCO DE CREDITO SOC

Enters the portfolio at 0.35% weight.

+ AGOTZAINA

Enters the portfolio at 0.35% weight.

+ AUDAX RENOVABLES SA

Enters the portfolio at 0.35% weight.

+ CIE AUTOMOTIVE S.A.

Enters the portfolio at 0.34% weight.

+ AUDAX RENOVABLES SA

Enters the portfolio at 0.34% weight.

+ SA DE OBRAS SERVICIO

Enters the portfolio at 0.34% weight.

− BANCO DE CREDITO SOC

Leaves the portfolio; it was 0.43% of weight.

◦ ESTADO ESPAÑOL

Leaves the portfolio; it was 3.12% of weight.

◦ ESTADO ESPAÑOL

Leaves the portfolio; it was 3.12% of weight.

◦ GREENALIA SA

Leaves the portfolio; it was 0.84% of weight.

◦ SA DE OBRAS SERVICIO

Leaves the portfolio; it was 0.40% 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.