MULTIADVISOR GESTION, FI: full portfolio filed with the CNMV

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.

21

Company Type Country Weight Price

FIDELIDADE CIA SEGUR PTFIDAOM0000 · EUR Renta Fija Cotizada Mas 1 Anio PT 8.59% —

GRENKE AG XS2969264857 · EUR Renta Fija Cotizada Mas 1 Anio XS 8.00% —

BANCO SANTANDER SA XS2388378981 · EUR Renta Fija Cotizada Mas 1 Anio XS 7.46% —

LA BANQUE POSTALE FR0014005O90 · EUR Renta Fija Cotizada Mas 1 Anio FR 7.34% —

DEUT PFANDBRIEFBANK XS1808862657 · EUR Renta Fija Cotizada Mas 1 Anio XS 7.27% —

ATHORA HOLDING LTD XS2628821790 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.16% —

NIBC Bank NV XS0249580357 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.14% —

ACCORINVEST GROUP SA XS2926264529 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.04% —

HEIMSTADEN AB XS3120113876 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.03% —

Summer BC Hold XS2758100296 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.03% —

TEREOS FINANCE GROUP XS2532478430 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.00% —

VIRIDIEN XS3023943692 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.92% —

SGL TransGroup NO0013183624 · EUR Renta Fija Cotizada Mas 1 Anio NO 3.79% —

REKEEP SPA XS3005193183 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.51% —

TOTALENERGIES SE XS2432131188 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.46% —

VERISURE MIDHOLDING XS2287912450 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.35% —

DDM DEBT AB SE0015797683 · EUR Renta Fija Cotizada Menos 1 Anio SE 2.78% —

AEGON LTD NL0000121416 · EUR Renta Fija Cotizada Mas 1 Anio NL 2.29% —

BANCO INVERSIS, S.A. ES0000012O59 · EUR Adquisicion Temporal Activos ES 1.60% —

ACCIONES|Accs. Grifols S.A. ES0171996087 · EUR Renta Variable Cotizada ES 1.06% 9.91 EUR

ACCIONES|Grupo Ezentis SA ES0172708234 · EUR Renta Variable Cotizada ES 0.85% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 3 Exits: 4 Increases: 3 Cuts: 4

+ DEUT PFANDBRIEFBANK

Enters the portfolio at 7.27% weight.

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+ HEIMSTADEN AB

Enters the portfolio at 4.03% weight.

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+ BANCO INVERSIS, S.A.

Enters the portfolio at 1.60% weight.

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− CAIXA ECO MONTEPIO G

Leaves the portfolio; it was 4.08% of weight.

− Summer BC Hold

Leaves the portfolio; it was 3.56% of weight.

− Kleopatra Holding

Leaves the portfolio; it was 2.85% of weight.

− Santander Intl

Leaves the portfolio; it was 2.82% of weight.

▲ GRENKE AG

Goes from 7.58% to 8.00%.

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▲ LA BANQUE POSTALE

Goes from 7.06% to 7.34%.

View company page →

▲ BANCO SANTANDER SA

Goes from 7.22% to 7.46%.

View company page →

▼ AEGON LTD

Goes from 3.18% to 2.29%.

View company page →

▼ NIBC Bank NV

Goes from 4.68% to 4.14%.

View company page →

▼ ACCIONES|Grupo Ezentis SA

Goes from 1.28% to 0.85%.

View company page →

▼ REKEEP SPA

Goes from 3.91% to 3.51%.

View company page →

Fixed income

Declared FI exposure

2.2 M €

% of portfolio

87.8%

Positions

19

Issuers

18

Sovereign: 0 € Corporate: 2.2 M € Repos / treasury management: 40,553 €

Maturity ladder

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

52% 9% 35%

3-6 months · 3.2%2-5 years · 52.1%5-10 years · 9.4%> 10 years · 35.3%

Maturity Positions Exposure %

Matured or ≤3 months 0 0 € 0.0%

3-6 months 1 70,373 € 3.2%

6-12 months 0 0 € 0.0%

1-2 years 0 0 € 0.0%

2-5 years 10 1.1 M € 52.1%

5-10 years 2 204,292 € 9.4%

> 10 years 5 769,925 € 35.3%

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

FIDELIDADE CIA SEGUR Corporate 1 217,638 € 2029-05-29

GRENKE AG Corporate 1 202,591 € 2049-03-31

BANCO SANTANDER SA Bank 1 189,054 € 2049-09-21

LA BANQUE POSTALE Corporate 1 185,847 € 2048-11-20

DEUT PFANDBRIEFBANK Corporate 1 184,212 € 2028-04-28

ATHORA HOLDING Corporate 1 105,325 € 2028-06-16

NIBC BANK NV Corporate 1 104,792 € 2049-03-30

ACCORINVEST GROUP SA Corporate 1 102,300 € 2031-11-15

HEIMSTADEN AB Corporate 1 101,992 € 2031-01-24

Summer BC Hold Corporate 1 101,962 € 2029-02-15

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

PTFIDAOM0000 FIDELIDADE CIA SEGUR 7.75% 2029-05-29 217,638 €

XS2969264857 GRENKE AG 8.75% 2049-03-31 202,591 €

XS2388378981 BANCO SANTANDER SA 3.63% 2049-09-21 189,054 €

FR0014005O90 LA BANQUE POSTALE 3.00% 2048-11-20 185,847 €

XS1808862657 DEUT PFANDBRIEFBANK 8.47% 2028-04-28 184,212 €

XS2628821790 ATHORA HOLDING 6.63% 2028-06-16 105,325 €

XS0249580357 NIBC BANK NV 3.09% 2049-03-30 104,792 €

XS2926264529 ACCORINVEST GROUP SA 5.50% 2031-11-15 102,300 €

XS3120113876 HEIMSTADEN AB 7.36% 2031-01-24 101,992 €

XS2758100296 Summer BC Hold 10.00% 2029-02-15 101,962 €

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: 2 Exits at maturity: 0 Exits not explained by maturity: 4

+ DEUT PFANDBRIEFBANK

Enters the portfolio at 7.27% weight.

+ HEIMSTADEN AB

Enters the portfolio at 4.03% weight.

− CAIXA ECO MONTEPIO G

Leaves the portfolio; it was 4.08% of weight.

− Summer BC Hold

Leaves the portfolio; it was 3.56% of weight.

− Kleopatra Holding

Leaves the portfolio; it was 2.85% of weight.

− Santander Intl

Leaves the portfolio; it was 2.82% 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.