Manager
AMUNDI IBERIA, SGIIC, S.A.
See the CNMV manager universe →
Fund page
ING DIRECT FONDO NARANJA CONSERVADOR, FI
Category
—
Latest period
H2 2025
Positions
430
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.
430
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 122
Exits: 146
Increases: 2
Cuts: 6
+ ACCIONES|SHELL PLC
Enters the portfolio at 0.04% weight.
Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.
View company page →+ ACCIONES|DEUTSCHE BOERSE AG
Enters the portfolio at 0.03% weight.
Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. The Investment Management Solutions segment offers financial data, analytics, and software-as-a-service solutions including research, data collection, data analysis, and the provision of indices, analytics and investment management software to institutional investors, banks, and corporate clients. The Trading & Clearing segment engages in the development and operation of markets and trading systems for securities, derivatives, commodities, currencies, digital assets, and other asset classes. This segment handles settlement of transactions through clearing houses. Its Fund Services segment provides infrastructure and services for fund processing, including order routing, settlement, custody, data and distribution support for investment funds. The Securities Services segment offers various services for securities issuance, settlement, custody as well as collateral, securities lending, and liquidity management. The company was founded in 1585 and is headquartered in Eschborn, Germany.
View company page →+ ACCIONES|SANDVIK AB
Enters the portfolio at 0.03% weight.
Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms. It provides cutting tools and tooling systems, and digital solutions and software; metal powder for additive manufacturing, and products made from controlled expansion alloys; and tungsten powders, as well as recycling services of secondary tungsten raw materials. It serves aerospace, automotive, mining, general engineering, infrastructure, and other industries. Sandvik AB (publ) was founded in 1862 and is headquartered in Stockholm, Sweden.
View company page →+ ACCIONES|CIE FINANCIERE RICHEMONT SA
Enters the portfolio at 0.03% 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.
View company page →+ ACCIONES|KONE OYJ
Enters the portfolio at 0.03% weight.
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, automatic building doors, and integrated access control solutions, as well as maintenance and modernization solutions. It also offers KONE Office Flow, a modular connected people flow solution that delivers personalized access and enhanced user experiences in workplaces; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. In addition, the company provides people flow planning and consulting services; solutions for special buildings and large projects; cybersecurity solutions; and energy solutions for greener buildings. It also offers hands-on, immersive training to technicians, engineers, and service professional through a training center in Egypt. KONE Oyj was founded in 1908 and is based in Espoo, Finland.
View company page →+ ACCIONES|ANGLO AMERICAN PLC
Enters the portfolio at 0.03% weight.
Anglo American plc, a mining company, produces copper, iron ore, and crop nutrients in the United Kingdom and internationally. The company operates through the Premium Iron Ore and the Copper segments. It also explores for nickel, diamonds, steelmaking coal, and manganese ore. The company was founded in 1917 and is headquartered in London, the United Kingdom.
View company page →+ ACCIONES|BARCLAYS BANK PLC
Enters the portfolio at 0.02% 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.
View company page →+ ACCIONES|BMW
Enters the portfolio at 0.02% weight.
Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The company offers automobiles under the BMW, MINI, and Rolls-Royce brands. It also develops, manufactures, and sells scooters, and motorcycles for private use and special-purpose vehicles for operational use under the BMW Motorrad brand. In addition, the company provides car rentals; credit financing; leasing that include insurance and service products; financing for dealership and customer deposits; vehicle fleet financing services for corporate car fleets under the Alphabet brand; and financial services for the automotive sector. It sells its products through retail outlet, agent, and independent dealerships. Bayerische Motoren Werke Aktiengesellschaft was founded in 1916 and is headquartered in Munich, Germany.
View company page →+ ACCIONES|BP PLC
Enters the portfolio at 0.02% weight.
BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, marketing, and trading activities, as well as solar, wind, and hydrogen businesses. The company also offers aviation fuel products and services, such as jet fuel; aviation gasoline; UL91 aviation fuel; and sustainable aviation fuel. In addition, it engages in the convenience and retail fuel; EV charging; Castrol lubricants and fluids; B2B; midstream; crude oil production; refining and oil trading; and bioenergy businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.
View company page →+ ACCIONES|RENTOKIL INITIAL PLC
Enters the portfolio at 0.02% 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.
View company page →+ ACCIONES|PROSUS NV (PRX NA)
Enters the portfolio at 0.01% weight.
Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, etail, food delivery, education technology, Etail, ventures, tencent, and other platforms. It also provides online food delivery service. The company was formerly known as Myriad International Holdings N.V. and changed its name to Prosus N.V. Prosus N.V. was incorporated in 1994 and is headquartered in Amsterdam, the Netherlands.
View company page →+ ACCIONES|ARCELORMITTAL
Enters the portfolio at 0.01% weight.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.
View company page →+ ACCIONES|BARRATT DEVELOPMENTS PLC
Enters the portfolio at 0.01% weight.
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities. In addition, it manufactures timber frames under the Oregon Timber Frame brand; and furniture under the BD Living brand. The company offers its homes under the Barratt Homes, David Wilson Homes, Redrow, and Barratt London brands. The company was formerly known as Barratt Developments plc and changed its name Barratt Redrow plc in October 2024. Barratt Redrow plc was founded in 1953 and is headquartered in Coalville, the United Kingdom.
View company page →− EUROPEAN FINANCI
Leaves the portfolio; it was 1.77% of weight.
− BANK OF IRELAND
Leaves the portfolio; it was 0.55% of weight.
− CELLNEX TELECOM
Leaves the portfolio; it was 0.43% of weight.
− COLOMBIA GOVERNM
Leaves the portfolio; it was 0.38% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.26% of weight.
− FORD MOTOR CREDI
Leaves the portfolio; it was 0.24% of weight.
− UNICREDITO ITALI
Leaves the portfolio; it was 0.24% of weight.
− ISS GLOBAL
Leaves the portfolio; it was 0.24% of weight.
− NEXI CAPITAL SPA
Leaves the portfolio; it was 0.21% of weight.
− MEDIOBANCA SPA
Leaves the portfolio; it was 0.19% of weight.
− INTESA SANPAOLO
Leaves the portfolio; it was 0.18% of weight.
− COLOMBIA GOVERNM
Leaves the portfolio; it was 0.17% of weight.
− ACCIONES|NVIDIA CORP
Leaves the portfolio; it was 0.16% of weight.
− AMERICAN EXPRESS
Leaves the portfolio; it was 0.15% of weight.
− SSE PLC
Leaves the portfolio; it was 0.15% of weight.
− ALLIANZ SE
Leaves the portfolio; it was 0.13% of weight.
− UNICREDITO ITALI
Leaves the portfolio; it was 0.13% of weight.
− WENDEL SA
Leaves the portfolio; it was 0.13% of weight.
− ENERGIAS DE PORT
Leaves the portfolio; it was 0.13% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.13% of weight.
− ELIS SA
Leaves the portfolio; it was 0.13% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.13% of weight.
− AROUNDTOWN SA
Leaves the portfolio; it was 0.13% of weight.
− VESTAS WIND SYST
Leaves the portfolio; it was 0.13% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.13% of weight.
− EUROBANK SA 5.87
Leaves the portfolio; it was 0.12% of weight.
− TRATON FINANCE L
Leaves the portfolio; it was 0.12% of weight.
− Huhtamaki Oyj
Leaves the portfolio; it was 0.12% of weight.
− BANQUE STELLANTI
Leaves the portfolio; it was 0.12% of weight.
− INTERNATIONAL GA
Leaves the portfolio; it was 0.12% of weight.
− AVANTOR FUNDING
Leaves the portfolio; it was 0.12% of weight.
− LANTERNA
Leaves the portfolio; it was 0.12% of weight.
− BQ CANTONALE DE
Leaves the portfolio; it was 0.12% of weight.
− NYKREDIT REALKR
Leaves the portfolio; it was 0.12% of weight.
− NATIONWIDE BLDG
Leaves the portfolio; it was 0.12% of weight.
− WOLTERS KLUWER C
Leaves the portfolio; it was 0.12% of weight.
− BANCO COMERCIAL
Leaves the portfolio; it was 0.12% of weight.
− VAR ENERGI ASA
Leaves the portfolio; it was 0.12% of weight.
− BANKINTER S.A
Leaves the portfolio; it was 0.12% of weight.
− ACCIONES|MICROSOFT CORP
Leaves the portfolio; it was 0.12% of weight.
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.
− MARFI 202
Leaves the portfolio; it was 0.12% of weight.
− BPOST SA
Leaves the portfolio; it was 0.12% of weight.
− VOLKSWAGEN BANK
Leaves the portfolio; it was 0.12% of weight.
− FISERV FUNDING U
Leaves the portfolio; it was 0.12% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.12% of weight.
− INFORMA PLC
Leaves the portfolio; it was 0.12% of weight.
− CAIXABANK,S.A.
Leaves the portfolio; it was 0.12% of weight.
− SPCM S.A.
Leaves the portfolio; it was 0.12% of weight.
− VONOVIA SE
Leaves the portfolio; it was 0.11% of weight.
− BARCLAYS BANK PL
Leaves the portfolio; it was 0.11% of weight.
− ACCIONES|APPLE INC
Leaves the portfolio; it was 0.10% of weight.
− BP CAPITAL MARKE
Leaves the portfolio; it was 0.09% of weight.
− SIXT SE
Leaves the portfolio; it was 0.08% of weight.
− ACCIONES|BROADCOM CORPORATION
Leaves the portfolio; it was 0.07% of weight.
− ACCIONES|SIEMENS ENERGY AG(ENR GY)
Leaves the portfolio; it was 0.06% of weight.
− RCI BANQUE SA
Leaves the portfolio; it was 0.06% of weight.
− ACCIONES|FINMECCANICA SPA
Leaves the portfolio; it was 0.06% of weight.
− ACCIONES|ENEL SPA
Leaves the portfolio; it was 0.06% of weight.
− TELIASONERA AB
Leaves the portfolio; it was 0.05% of weight.
− ACCIONES|MEDIOBANCA SPA
Leaves the portfolio; it was 0.05% of weight.
− ACCIONES|ENI SPA
Leaves the portfolio; it was 0.04% of weight.
− ACCIONES|BUZZI UNICEM SPA
Leaves the portfolio; it was 0.04% of weight.
− ACCIONES|BANCO BPM SPA
Leaves the portfolio; it was 0.04% of weight.
− ACCIONES|A2A SPA
Leaves the portfolio; it was 0.04% of weight.
− ACCIONES|NORDEX SE
Leaves the portfolio; it was 0.04% of weight.
− TITULIZAC
Leaves the portfolio; it was 0.04% of weight.
− ACCIONES|CTS EVENTIM
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|INFRASTRUTTURE WIRELESS ITAL SA
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|ELI LILLY
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|RENK GROUP AG
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|E.ON AG
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|ORACLE CORP
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|ALPHABET INC - CL C
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|PROCTER AND GAMBLE CO/THE
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|INTERNATIONAL CONSOLIDATED AIRL
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|HOME DEPOT INC
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|SCATEC SOLAR ASA (SSO NO)
Leaves the portfolio; it was 0.03% of weight.
− ACCIONES|AMADEUS IT HOLDING SA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|LINDE PLC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|CISCO SYSTEMS INC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|ALSTOM
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|PIRELLI AND C. SPA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|ACCOR SA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|COCA COLA CO/THE
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|DONG ENERGY A/S
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|INTERCONTINENTAL HOTELS GROUP P
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|RWE AG
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|CORP ACCIONA ENERGIAS RENOVABLE
Leaves the portfolio; it was 0.02% of weight.
View company page →− ACCIONES|ERG SPA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|SERVICENOW INC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|AMERICAN EXPRESS CO
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|PIAGGIO AND C SPA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|VERBUND AG
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|STELLANTIS NV
Leaves the portfolio; it was 0.02% of weight.
Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide. It provides luxury and premium vehicles; sport utility vehicles; and parts and accessories. The company also provides contract services; retail and dealer financing services; and vehicle leasing and rental services, as well as engages in after-market parts and service businesses and data businesses. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau brand names through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for the development of AI initiatives across sales, customer care, and operations. The company operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, the Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Stellantis N.V. was founded in 1899 and is based in Hoofddorp, the Netherlands.
View company page →− ACCIONES|THALES SA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|ABBVIE INC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|EDP RENOVAVEIS SA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|DUFRY AG
Leaves the portfolio; it was 0.02% of weight.
Avolta AG operates as a travel retail company in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. It offers perfumes and cosmetics, food and beverages, wines and spirits, luxury goods, fuel, electronics, literature, publications, toys and souvenirs, soft drinks, packaged food, travel accessories, personal items, newspapers, magazines, books, watches and jewelry, sunglasses, destination, and other products; and confectionery and catering, textile, leather, luggage, and tobacco and related products. The company operates general travel retail shops under the Dufry, World Duty Free, Hellenic Duty Free, Autogrill, and HMSHost brands; and convenience stores under the Hudson brand. It operates duty-free and duty-paid shops, restaurants, and hybrid concepts located at airports, border, downtown and hotel shops, railway stations, cruise liners and ferries, seaports, and motorways. The company was formerly known as Dufry AG and changed its name to Avolta AG in November 2023. Avolta AG was incorporated in 1865 and is headquartered in Basel, Switzerland.
View company page →− ACCIONES|TEXAS INSTRUMENTS INC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|MARSH & MCLENNAN CO
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|PEPSICO INC
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|AMPLIFON SPA
Leaves the portfolio; it was 0.02% of weight.
− ACCIONES|VESTAS WIND SYSTEMS A/S
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ADOBE SYSTEMS INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|NIKE INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|CAPITAL ONE FINANCIAL CORP
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|QUALCOMM INC
Leaves the portfolio; it was 0.01% of weight.
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. In addition, the company is also involved in Qualcomm government technologies and data center businesses. Further, it provides security and intelligence services for unmanaged networks through software-based network security solutions. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.
− ACCIONES|APPLIED MATERIALS
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ILLINOIS TOOL WORKS INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|HESS CORP
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|EQUITABLE HOLDINGS INC.(EQH US)
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|HEIDELBERGCEMENT AG
Leaves the portfolio; it was 0.01% of weight.
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components. It also offers asphalt; and trades in cement, clinker, secondary cementitious materials, solid, alternative fuels, other building materials, and additives. The company was formerly known as HeidelbergCement AG and changed its name to Heidelberg Materials AG in May 2023. Heidelberg Materials AG was founded in 1873 and is headquartered in Heidelberg, Germany.
View company page →− ACCIONES|SOLARIA ENERGIA Y MEDIOAMBIENTE
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|UCB SA
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|American Tower
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|MOODYS CORPORATION
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|SYSCO CORP
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|CADENCE DESIGN SYS INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|AMERIPRISE FINANCIAL W/I (USD)
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|FERGUSON ENTERPRISES INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|PAYCHEX INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|VOLKSWAGEN
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ARKEMA SA
Leaves the portfolio; it was 0.01% of weight.
Arkema S.A., together with its subsidiaries, manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally. It operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The company provides solutions for construction, renovation of buildings, and DIY; high performance adhesives for durable goods, and adhesive solutions for packaging and non-woven; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets. It also offers high performance polymers, such as specialty polyamides, PVDF, polyimides, fluorospecialties, and PEKK; and performance additives comprising interface agents combining specialty surfactants, molecular sieves, organic peroxides, thiochemicals, and hydrogen peroxide. In addition, the company provides lightweighting, new energies, access to water, bio-based products, and recycling solutions for automotive and transportation sectors, oil and gas, renewable energies, consumer goods, electronics, construction, coatings, animal nutrition and water treatment. Further, it offers coating solutions, including EU/US acrylics and coating resins; coating additives, such as sartomer photocure resins, and coatex rheology additives and specialties; decorative paints, industrial coatings, and adhesives; and solutions for applications in the paper, superabsorbent, water treatment and oil and gas extraction, and 3D printing and electronics markets. Additionally, the company provides fluorogases and asia acrylics; and industrial intermediate chemicals for construction, refrigeration and air conditioning, automotive, coatings, and water treatment sectors. Arkema S.A. was incorporated in 2003 and is headquartered in Puteaux, France.
View company page →− ACCIONES|ZOETIS INC
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|IDEXX LABS
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|BASF SE
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|SMA SOLAR TECHNOLOGY AG
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ENDESA S.A.
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|NXP SEMICONDUCTORS
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|Edwards Lifesci
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|WACKER CHEMIE
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|NESTE OIL OYJ
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|TARGET CORP
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|XYLEM INC/NY
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ULTA SALON COSMETICS FRAGR
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|GDW CORP / DE
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|FORTUNE BRANDS HOME AND SEC.
Leaves the portfolio; it was 0.01% of weight.
− ACCIONES|ON SEMICONDUCTOR CORP
Leaves the portfolio; it was 0.00% of weight.
− ACCIONES|AES CORP/VA
Leaves the portfolio; it was 0.00% of weight.
Fixed income
Declared FI exposure
82.0 M €
% of portfolio
90.4%
Positions
341
Issuers
242
Sovereign: 29.5 M €
Corporate: 52.5 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 · 0.7%3-6 months · 4.4%6-12 months · 3.0%1-2 years · 7.3%2-5 years · 46.7%5-10 years · 26.0%> 10 years · 11.9%
Maturity
Positions
Exposure
%
Matured or ≤3 months
5
597,026 €
0.7%
3-6 months
8
3.6 M €
4.4%
6-12 months
12
2.4 M €
3.0%
1-2 years
35
6.0 M €
7.3%
2-5 years
161
38.3 M €
46.7%
5-10 years
79
21.3 M €
26.0%
> 10 years
41
9.8 M €
11.9%
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
4
9.2 M €
2028-10-19
UNITED STATES TR
Sovereign
3
5.5 M €
2028-05-31
Repubblica Italiana
Sovereign
2
5.3 M €
2029-02-01
Reino de España
Sovereign
3
4.8 M €
2033-07-30
BNG BANK NV
Corporate
1
2.7 M €
2026-04-11
GROUPE BPCE
Corporate
4
1.2 M €
2030-03-02
SOCIETE GENERALE SA
Bank
5
1.1 M €
2030-01-19
COOPERATIEVE RAB
Corporate
2
1.1 M €
2026-07-21
SANTANDER HOLDIN
Corporate
2
855,219 €
2029-03-09
BARCLAYS BANK PL
Corporate
5
847,726 €
2030-09-23
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
DE000BU25059 Bundesrepublik Deutschland
2.20%
2030-10-10
4.4 M €
IT0005566408 Repubblica Italiana
4.10%
2029-02-01
4.4 M €
XS1980828724 BNG BANK NV
0.12%
2026-04-11
2.7 M €
US91282CAV37 UNITED STATES TR
0.88%
2030-11-15
2.3 M €
DE000BU2Z049 Bundesrepublik Deutschland
2.50%
2035-02-15
2.2 M €
ES00000128Q6 Reino de España
2.35%
2033-07-30
2.0 M €
US91282CML27 Reino de España
2.12%
2035-01-15
1.8 M €
DE0001102606 Bundesrepublik Deutschland
1.70%
2032-08-15
1.8 M €
US91282CHE49 UNITED STATES TR
3.62%
2028-05-31
1.7 M €
US91282CFV81 UNITED STATES TR
4.12%
2032-11-15
1.5 M €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
53.3 M €
65.0%
USD
27.3 M €
33.3%
GBP
1.4 M €
1.7%
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: 48
Exits at maturity: 7
Exits not explained by maturity: 46
+ BUNDESOBLIGATION
Enters the portfolio at 4.90% weight.
+ BUNDESREPUBLIK D
Enters the portfolio at 2.42% weight.
+ ITALY GOVERNMENT
Enters the portfolio at 1.06% weight.
+ SECUCOR F
Enters the portfolio at 0.44% weight.
+ FORTUNA C
Enters the portfolio at 0.44% weight.
+ RED & BLA
Enters the portfolio at 0.33% weight.
+ UNICREDITO ITALI
Enters the portfolio at 0.33% weight.
+ VERIZON COMMS (U
Enters the portfolio at 0.25% weight.
+ FIBERCOP SPA
Enters the portfolio at 0.24% weight.
+ ISS GLOBAL
Enters the portfolio at 0.23% weight.
+ BPER BANCA
Enters the portfolio at 0.22% weight.
+ CTP NV 4.75 05/0
Enters the portfolio at 0.22% weight.
+ ATHENE GLOBAL FU
Enters the portfolio at 0.19% weight.
+ DEUT PFANDBRIEFB
Enters the portfolio at 0.16% weight.
+ EP INFRAESTRUCTU
Enters the portfolio at 0.14% weight.
+ PUBLIC PROPERTY
Enters the portfolio at 0.13% weight.
+ ING GROEP NV
Enters the portfolio at 0.13% weight.
+ CAIXABANK,S.A.
Enters the portfolio at 0.13% weight.
+ CZECHOSLOVAK GRO
Enters the portfolio at 0.11% weight.
+ NEW IMMO HOLDING
Enters the portfolio at 0.11% weight.
+ GTECH SPA
Enters the portfolio at 0.11% weight.
+ FIBERCOP SPA
Enters the portfolio at 0.11% weight.
+ SOCIETE GENERALE
Enters the portfolio at 0.11% weight.
+ BANQUE STELLANTI
Enters the portfolio at 0.11% weight.
+ NORDDEUTSCHE L/B
Enters the portfolio at 0.11% weight.
+ FORD MOTOR CREDI
Enters the portfolio at 0.11% weight.
+ SERVICIOS FINANC
Enters the portfolio at 0.11% weight.
+ SSE PLC
Enters the portfolio at 0.11% weight.
+ COMMERZBANK AG
Enters the portfolio at 0.11% weight.
+ CMA CGM
Enters the portfolio at 0.11% weight.
+ Sydbank A/S
Enters the portfolio at 0.11% weight.
+ GXO LOGISTICS IN
Enters the portfolio at 0.11% weight.
+ SOCIETE GENERALE
Enters the portfolio at 0.11% weight.
+ RAIFFEISEN BANK
Enters the portfolio at 0.11% weight.
+ VOLKSWAGEN BANK
Enters the portfolio at 0.11% weight.
+ VOLKSWAGEN BANK
Enters the portfolio at 0.11% weight.
+ BANK POLKA KASA
Enters the portfolio at 0.11% weight.
+ IMERYS SA
Enters the portfolio at 0.11% weight.
+ BANCA COMERCIALE
Enters the portfolio at 0.11% weight.
+ HEIMSTADEN BOSTA
Enters the portfolio at 0.11% weight.
+ REPSOL INTERNATI
Enters the portfolio at 0.11% weight.
+ GROUPE BPCE
Enters the portfolio at 0.11% weight.
+ AIB GROUP PLC
Enters the portfolio at 0.11% weight.
+ AROUNDTOWN SA
Enters the portfolio at 0.11% weight.
+ WPP FINANCE SA
Enters the portfolio at 0.11% weight.
+ VIA OUTLETS BV 1
Enters the portfolio at 0.11% weight.
+ CPI PROPERTY GRO
Enters the portfolio at 0.11% weight.
+ GOLDMAN SACHS GR
Enters the portfolio at 0.07% weight.
− BANK OF IRELAND
Leaves the portfolio; it was 0.55% of weight.
− CELLNEX TELECOM
Leaves the portfolio; it was 0.43% of weight.
− COLOMBIA GOVERNM
Leaves the portfolio; it was 0.38% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.26% of weight.
− UNICREDITO ITALI
Leaves the portfolio; it was 0.24% of weight.
− ISS GLOBAL
Leaves the portfolio; it was 0.24% of weight.
− NEXI CAPITAL SPA
Leaves the portfolio; it was 0.21% of weight.
− MEDIOBANCA SPA
Leaves the portfolio; it was 0.19% of weight.
− INTESA SANPAOLO
Leaves the portfolio; it was 0.18% of weight.
− COLOMBIA GOVERNM
Leaves the portfolio; it was 0.17% of weight.
− AMERICAN EXPRESS
Leaves the portfolio; it was 0.15% of weight.
− SSE PLC
Leaves the portfolio; it was 0.15% of weight.
− ALLIANZ SE
Leaves the portfolio; it was 0.13% of weight.
− UNICREDITO ITALI
Leaves the portfolio; it was 0.13% of weight.
− WENDEL SA
Leaves the portfolio; it was 0.13% of weight.
− ENERGIAS DE PORT
Leaves the portfolio; it was 0.13% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.13% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.13% of weight.
− AROUNDTOWN SA
Leaves the portfolio; it was 0.13% of weight.
− VESTAS WIND SYST
Leaves the portfolio; it was 0.13% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.13% of weight.
− EUROBANK SA 5.87
Leaves the portfolio; it was 0.12% of weight.
− TRATON FINANCE L
Leaves the portfolio; it was 0.12% of weight.
− Huhtamaki Oyj
Leaves the portfolio; it was 0.12% of weight.
− BANQUE STELLANTI
Leaves the portfolio; it was 0.12% of weight.
− INTERNATIONAL GA
Leaves the portfolio; it was 0.12% of weight.
− LANTERNA
Leaves the portfolio; it was 0.12% of weight.
− BQ CANTONALE DE
Leaves the portfolio; it was 0.12% of weight.
− NYKREDIT REALKR
Leaves the portfolio; it was 0.12% of weight.
− NATIONWIDE BLDG
Leaves the portfolio; it was 0.12% of weight.
− WOLTERS KLUWER C
Leaves the portfolio; it was 0.12% of weight.
− BANCO COMERCIAL
Leaves the portfolio; it was 0.12% of weight.
− VAR ENERGI ASA
Leaves the portfolio; it was 0.12% of weight.
− BANKINTER S.A
Leaves the portfolio; it was 0.12% of weight.
− MARFI 202
Leaves the portfolio; it was 0.12% of weight.
− BPOST SA
Leaves the portfolio; it was 0.12% of weight.
− VOLKSWAGEN BANK
Leaves the portfolio; it was 0.12% of weight.
− FISERV FUNDING U
Leaves the portfolio; it was 0.12% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.12% of weight.
− INFORMA PLC
Leaves the portfolio; it was 0.12% of weight.
− CAIXABANK,S.A.
Leaves the portfolio; it was 0.12% of weight.
− VONOVIA SE
Leaves the portfolio; it was 0.11% of weight.
− BARCLAYS BANK PL
Leaves the portfolio; it was 0.11% of weight.
− SIXT SE
Leaves the portfolio; it was 0.08% of weight.
− TELIASONERA AB
Leaves the portfolio; it was 0.05% of weight.
− TITULIZAC
Leaves the portfolio; it was 0.04% of weight.
◦ EUROPEAN FINANCI
Leaves the portfolio; it was 1.77% of weight.
◦ FORD MOTOR CREDI
Leaves the portfolio; it was 0.24% of weight.
◦ ELIS SA
Leaves the portfolio; it was 0.13% of weight.
◦ AVANTOR FUNDING
Leaves the portfolio; it was 0.12% of weight.
◦ SPCM S.A.
Leaves the portfolio; it was 0.12% of weight.
◦ BP CAPITAL MARKE
Leaves the portfolio; it was 0.09% of weight.
◦ RCI BANQUE SA
Leaves the portfolio; it was 0.06% 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.