Fund page

RURAL PLAN INVERSION, FI

Manager

GESCOOPERATIVO, S.A., S.G.I.I.C. 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.

113

Company Type Country Weight Price

Buoni Poliennali Tesoro IT0001444378 · EUR Deuda Publica Cotizada Mas 1 Anio IT 3.14% —

Bono del Estado ES0000011868 · EUR Deuda Publica Cotizada Mas 1 Anio ES 3.05% —

Comunidad Madrid ES00001010L6 · EUR Deuda Publica Cotizada Mas 1 Anio ES 2.78% —

Bono del Estado ES0000012C12 · EUR Adquisicion Temporal Activos ES 2.74% —

Buoni Ordinari Tesoro IT0005631533 · EUR Deuda Publica Cotizada Memos 1 Anio IT 2.70% —

Comunidad Aragón ES0000107401 · EUR Deuda Publica Cotizada Mas 1 Anio ES 2.68% —

Ac.Microsoft US5949181045 · USD Renta Variable Cotizada US 2.45% 483.24 USD

Ac.Apple US0378331005 · USD Renta Variable Cotizada US 2.44% —

Bono del Estado ES00000123C7 · EUR Deuda Publica Cotizada Memos 1 Anio ES 2.39% —

Bono del Estado ES00000124C5 · EUR Deuda Publica Cotizada Mas 1 Anio ES 2.05% —

Buoni Poliennali Tesoro IT0001278511 · EUR Deuda Publica Cotizada Mas 1 Anio IT 1.94% —

Instituto Credito Oficial XS2902091292 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.89% —

Ac.Rwe Ag DE0007037129 · EUR Renta Variable Cotizada DE 1.71% —

Buoni Poliennali Tesoro IT0001086567 · EUR Deuda Publica Cotizada Memos 1 Anio IT 1.70% —

Bono del Estado ES0000012M51 · EUR Deuda Publica Cotizada Mas 1 Anio ES 1.69% —

Ac.Deutsche Telekom DE0005557508 · EUR Renta Variable Cotizada DE 1.65% —

Bono del Estado ES0000012O00 · EUR Deuda Publica Cotizada Mas 1 Anio ES 1.64% —

France Govt FR0000571218 · EUR Deuda Publica Cotizada Mas 1 Anio FR 1.50% —

Ac.Endesa ES0130670112 · EUR Renta Variable Cotizada ES 1.49% —

Buoni Poliennali Tesoro IT0005561888 · EUR Deuda Publica Cotizada Mas 1 Anio IT 1.43% —

Junta de Andalucia ES0000090946 · EUR Deuda Publica Cotizada Mas 1 Anio ES 1.38% —

Comunidad de Madrid ES0000101263 · EUR Deuda Publica Cotizada Memos 1 Anio ES 1.38% —

US Treasury N/B US912810FB99 · USD Deuda Publica Cotizada Mas 1 Anio US 1.33% —

Ac.Orange FR0000133308 · EUR Renta Variable Cotizada FR 1.31% —

Ac.Ing Groep Nv NL0011821202 · EUR Renta Variable Cotizada NL 1.30% —

Ac.Engie FR0010208488 · EUR Renta Variable Cotizada FR 1.21% —

Us Treasury N/B US91282CMF58 · USD Deuda Publica Cotizada Mas 1 Anio US 1.17% —

US Treasury N/B US91282CKB62 · USD Deuda Publica Cotizada Memos 1 Anio US 1.15% —

Ac.Banco Nacional Paris FR0000131104 · EUR Renta Variable Cotizada FR 1.14% —

Ac.L.V.M.H. FR0000121014 · EUR Renta Variable Cotizada FR 1.13% —

Ac.Sanofi FR0000120578 · EUR Renta Variable Cotizada FR 1.12% —

Ac.Axa Uap FR0000120628 · EUR Renta Variable Cotizada FR 1.09% —

Ac.Abbvie Inc US00287Y1091 · USD Renta Variable Cotizada US 1.09% —

Ac.Muenchener Rueckver Ag Reg DE0008430026 · EUR Renta Variable Cotizada DE 1.06% —

Ac.Navigator Co Sa/the PTPTI0AM0006 · EUR Renta Variable Cotizada PT 1.06% —

Ac.Vinci SA FR0000125486 · EUR Renta Variable Cotizada FR 0.97% —

Ac.Samsung Electronics Gdr US7960508882 · USD Renta Variable Cotizada US 0.95% —

Ac.Iberdrola ES0144580Y14 · EUR Renta Variable Cotizada ES 0.93% —

Fade ES0378641056 · EUR Renta Fija Cotizada Menos 1 Anio ES 0.83% —

Ac.Enel IT0003128367 · EUR Renta Variable Cotizada IT 0.80% —

Ac.Roche Holding CH0012032048 · CHF Renta Variable Cotizada CH 0.76% —

Ac.Bayerische Motoren Werke PRF DE0005190037 · EUR Renta Variable Cotizada DE 0.74% —

Ac.NOVO NORDISK US6701002056 · USD Renta Variable Cotizada US 0.70% —

Ac.Novartis Ag Reg CH0012005267 · CHF Renta Variable Cotizada CH 0.70% —

Ac.Astrazeneca Group GB0009895292 · GBP Renta Variable Cotizada GB 0.69% —

Ac.Siemens DE0007236101 · EUR Renta Variable Cotizada DE 0.65% —

Ac.Dhl Group DE0005552004 · EUR Renta Variable Cotizada DE 0.63% —

Ac.Nestle CH0038863350 · CHF Renta Variable Cotizada CH 0.62% —

Teleperformance FR001400M2F4 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.57% —

Ac.ABN AMRO BANK NL0011540547 · EUR Renta Variable Cotizada NL 0.56% 40.38 EUR

Ac.Verizon Communications Inc US92343V1044 · USD Renta Variable Cotizada US 0.56% —

UCB SA BE0390119825 · EUR Renta Fija Cotizada Mas 1 Anio BE 0.56% —

Ac.Telefonica ES0178430E18 · EUR Renta Variable Cotizada ES 0.56% —

Accor SA FR001400OJO2 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.55% —

Galderma Finance Europe XS3025205850 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.55% —

Ac.Air Liquide sa FR0000120073 · EUR Renta Variable Cotizada FR 0.55% —

Spie SA FR001400ZYD0 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.55% —

Kutxabank SA ES0343307031 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.55% —

ACS XS3029358317 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.54% —

Ac.Citigroup US1729674242 · USD Renta Variable Cotizada US 0.54% —

Ac.British Petroleum Shares GB0007980591 · GBP Renta Variable Cotizada GB 0.54% 549.50 GBp

Prysmian Spa XS2948435743 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.54% —

Ac.Sacyr Vallehermoso ES0182870214 · EUR Renta Variable Cotizada ES 0.52% 4.29 EUR

Prosus NV XS2360853332 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.51% —

Ac.Mercedes Benz Group Ag DE0007100000 · EUR Renta Variable Cotizada DE 0.49% 45.22 EUR

Ac.Basf SE DE000BASF111 · EUR Renta Variable Cotizada DE 0.47% —

Ac.BHP Group LTD-DI AU000000BHP4 · GBP Renta Variable Cotizada AU 0.41% —

Ac.Acerinox ES0132105018 · EUR Renta Variable Cotizada ES 0.39% 17.15 EUR

Ac.Pfizer Inc US7170811035 · USD Renta Variable Cotizada US 0.31% —

Teva Pharm Fnc Nl II XS2592804434 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.31% —

Carnival Corp XS2809222420 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.29% —

Servicios medio ambiente XS2661068234 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.29% —

Aena SME SA ES0205046008 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.28% —

Imerys SA FR001400M998 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.28% —

Arcadis NV XS2594025814 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

El Corte Inglés SA XS2848960683 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

IHG Finance XS2723593187 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

HOCHTIEF AKTIENGESELLSCH DE000A383EL9 · EUR Renta Fija Cotizada Mas 1 Anio DE 0.28% —

Unibail Rodamco Westfld FR001400MLN4 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.28% —

Fiserv Inc XS2626288257 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Assa Abloy Ab XS2678226114 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

General Motors Finl XS2625985945 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Valeo SA FR001400EA16 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.28% —

Caixabank SA XS2764459363 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Sacyr SA XS3071337847 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Nexans SA FR001400Q5V0 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.28% —

Kion Group AG XS2938562068 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Pandora A/S XS2831524728 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Bank Of America XS2634687912 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Elo Saca FR0013510179 · EUR Renta Fija Cotizada Menos 1 Anio FR 0.28% —

Ranstad NV XS2782937937 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Levi Strauss & Co XS3124322424 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Loomis Ab XS2897290115 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

Netflix Inc XS1821883102 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.28% —

ArcelorMittal XS2537060746 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.28% —

Pluxee Nv FR001400OF01 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.27% —

Ferrovial SA XS2969695084 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

RCI Banque FR001400F0U6 · EUR Renta Fija Cotizada Menos 1 Anio FR 0.27% —

Daimler Truck Intl XS2623129256 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.27% —

Kering FR001400ZZC9 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.27% —

Aedas Homes Opco SLU XS2343873597 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.27% —

Edenred SE FR001400UHA2 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.27% —

Medtronic Inc XS3185369371 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

Nexi Spa XS2332589972 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.27% —

Repsol International XS2320533131 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

Basf Se XS2456247605 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.27% —

Red Electrica Financi SA XS3188782000 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

AXA SA XS1346228577 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

Kinepolis Group NV BE0002660414 · EUR Renta Fija Cotizada Menos 1 Anio BE 0.27% —

Stryker Corp XS1914502643 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.27% —

Cellnex Finance Co SA XS2385393405 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.26% —

Stellantis NV XS2325733413 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.26% —

Western Digital Corp US958102AM75 · USD Renta Fija Cotizada Menos 1 Anio US 0.06% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 26 Exits: 14 Increases: 5 Cuts: 17

+ Buoni Ordinari Tesoro

Enters the portfolio at 2.70% weight.

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+ Instituto Credito Oficial

Enters the portfolio at 1.89% weight.

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+ Bono del Estado

Enters the portfolio at 1.69% weight.

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+ Buoni Poliennali Tesoro

Enters the portfolio at 1.43% weight.

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+ Junta de Andalucia

Enters the portfolio at 1.38% weight.

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+ Us Treasury N/B

Enters the portfolio at 1.17% weight.

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+ Ac.Muenchener Rueckver Ag Reg

Enters the portfolio at 1.06% weight.

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+ Ac.Vinci SA

Enters the portfolio at 0.97% weight.

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+ Ac.NOVO NORDISK

Enters the portfolio at 0.70% weight.

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+ Ac.Siemens

Enters the portfolio at 0.65% weight.

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+ Ac.Dhl Group

Enters the portfolio at 0.63% weight.

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+ Teleperformance

Enters the portfolio at 0.57% weight.

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+ Ac.ABN AMRO BANK

Enters the portfolio at 0.56% weight.

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company offers fixed deposits; home improvement; mortgage products; investment products; and car, home travel, and legal expenses insurances. It also provides pension savings; asset-based solutions, including working capital solutions, equipment leases, equipment loans and vendor lease services, clearing services, equity brokerage services, payment and credit cards services; and internet and online banking. The company was incorporated in 2009 and is headquartered in Amsterdam, the Netherlands. ABN AMRO Bank N.V. operates as a subsidiary of Stichting Administratiekantoor Continuïteit Abn Amro Bank.

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+ UCB SA

Enters the portfolio at 0.56% weight.

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+ Galderma Finance Europe

Enters the portfolio at 0.55% weight.

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+ Spie SA

Enters the portfolio at 0.55% weight.

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+ ACS

Enters the portfolio at 0.54% weight.

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+ Prysmian Spa

Enters the portfolio at 0.54% weight.

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+ El Corte Inglés SA

Enters the portfolio at 0.28% weight.

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+ Fiserv Inc

Enters the portfolio at 0.28% weight.

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+ Assa Abloy Ab

Enters the portfolio at 0.28% weight.

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+ Sacyr SA

Enters the portfolio at 0.28% weight.

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+ Levi Strauss & Co

Enters the portfolio at 0.28% weight.

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+ Kering

Enters the portfolio at 0.27% weight.

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+ Medtronic Inc

Enters the portfolio at 0.27% weight.

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+ Red Electrica Financi SA

Enters the portfolio at 0.27% weight.

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− Bono del Estado

Leaves the portfolio; it was 3.83% of weight.

− France Govt

Leaves the portfolio; it was 1.74% of weight.

− Us Treasury N/B

Leaves the portfolio; it was 1.43% of weight.

− Ac.Repsol

Leaves the portfolio; it was 0.63% of weight.

− Coty INC

Leaves the portfolio; it was 0.36% of weight.

− Traton Finance Lux SA

Leaves the portfolio; it was 0.35% of weight.

− Traton Finance Lux SA

Leaves the portfolio; it was 0.35% of weight.

− Informa PLC

Leaves the portfolio; it was 0.35% of weight.

− Sacyr SA

Leaves the portfolio; it was 0.34% of weight.

− Softbank Group Corp

Leaves the portfolio; it was 0.34% of weight.

− Gestamp Automocion SA

Leaves the portfolio; it was 0.34% of weight.

− Abertis Infraestructuras

Leaves the portfolio; it was 0.34% of weight.

− Almirall SA

Leaves the portfolio; it was 0.33% of weight.

− Levi Strauss & Co

Leaves the portfolio; it was 0.33% of weight.

▲ Bono del Estado

Goes from 1.53% to 3.05%.

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▲ Ac.Deutsche Telekom

Goes from 0.73% to 1.65%.

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▲ Ac.Samsung Electronics Gdr

Goes from 0.63% to 0.95%.

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▲ Ac.Sanofi

Goes from 0.83% to 1.12%.

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▲ Accor SA

Goes from 0.35% to 0.55%.

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▼ Bono del Estado

Goes from 4.11% to 2.74%.

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▼ Buoni Poliennali Tesoro

Goes from 3.96% to 3.14%.

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▼ Comunidad Madrid

Goes from 3.47% to 2.78%.

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▼ Bono del Estado

Goes from 3.07% to 2.39%.

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▼ Comunidad Aragón

Goes from 3.35% to 2.68%.

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▼ Ac.Microsoft

Goes from 3.12% to 2.45%.

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.

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▼ Bono del Estado

Goes from 2.62% to 2.05%.

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▼ Buoni Poliennali Tesoro

Goes from 2.44% to 1.94%.

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▼ Buoni Poliennali Tesoro

Goes from 2.17% to 1.70%.

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▼ Bono del Estado

Goes from 2.04% to 1.64%.

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▼ France Govt

Goes from 1.88% to 1.50%.

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▼ Comunidad de Madrid

Goes from 1.73% to 1.38%.

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▼ US Treasury N/B

Goes from 1.66% to 1.33%.

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▼ Ac.Telefonica

Goes from 0.88% to 0.56%.

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▼ Ac.Axa Uap

Goes from 1.38% to 1.09%.

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▼ US Treasury N/B

Goes from 1.43% to 1.15%.

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▼ Fade

Goes from 1.06% to 0.83%.

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Fixed income

Declared FI exposure

21.2 M €

% of portfolio

57.4%

Positions

Issuers

Sovereign: 11.9 M € Corporate: 8.3 M € Repos / treasury management: 1.0 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.

14% 11% 57%

Matured or ≤3 months · 8.2%3-6 months · 1.0%6-12 months · 13.5%1-2 years · 10.8%2-5 years · 56.8%5-10 years · 8.8%> 10 years · 0.5%Unknown · 0.5%

Maturity Positions Exposure %

Matured or ≤3 months 5 1.6 M € 8.2%

3-6 months 2 200,319 € 1.0%

6-12 months 8 2.7 M € 13.5%

1-2 years 8 2.2 M € 10.8%

2-5 years 42 11.5 M € 56.8%

5-10 years 6 1.8 M € 8.8%

> 10 years 1 98,723 € 0.5%

Unknown 1 99,682 € 0.5%

Top issuers

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

Issuer Type ISINs Exposure Next maturity

Repubblica Italiana Sovereign 5 4.0 M € 2026-01-14

Reino de España Sovereign 5 4.0 M € 2026-07-30

United States Treasury Sovereign 3 1.4 M € 2026-02-28

COMUNIDAD MADRID Sovereign 1 1.0 M € 2028-10-31

Comunidad Aragón Sovereign 1 991,499 € 2027-01-17

Instituto Credito Oficial Corporate 1 700,155 € 2030-10-31

France Govt Sovereign 1 554,951 € 2029-04-25

JUNTA DE ANDALUCIA Corporate 1 509,946 € 2030-04-30

Comunidad de Madrid Corporate 1 508,844 € 2026-09-15

Fade Corporate 1 307,497 € 2026-12-17

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

IT0001444378 Repubblica Italiana 6.00% 2031-05-01 1.2 M €

ES0000011868 Reino de España 6.00% 2029-01-31 1.1 M €

ES00001010L6 COMUNIDAD MADRID 3.36% 2028-10-31 1.0 M €

IT0005631533 Repubblica Italiana — 2026-01-14 999,321 €

ES0000107401 Comunidad Aragón 8.25% 2027-01-17 991,499 €

ES00000123C7 Reino de España 5.90% 2026-07-30 881,632 €

ES00000124C5 Reino de España 5.15% 2028-10-31 757,587 €

IT0001278511 Repubblica Italiana 5.25% 2029-11-01 716,224 €

XS2902091292 Instituto Credito Oficial 2.70% 2030-10-31 700,155 €

IT0001086567 Repubblica Italiana 7.25% 2026-11-01 629,311 €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %

EUR 19.8 M € 93.5%

USD 1.4 M € 6.5%

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: 20 Exits at maturity: 8 Exits not explained by maturity: 5

+ Buoni Ordinari Tesoro

Enters the portfolio at 2.70% weight.

+ Instituto Credito Oficial

Enters the portfolio at 1.89% weight.

+ Bono del Estado

Enters the portfolio at 1.69% weight.

+ Buoni Poliennali Tesoro

Enters the portfolio at 1.43% weight.

+ Junta de Andalucia

Enters the portfolio at 1.38% weight.

+ Us Treasury N/B

Enters the portfolio at 1.17% weight.

+ Teleperformance

Enters the portfolio at 0.57% weight.

+ UCB SA

Enters the portfolio at 0.56% weight.

+ Galderma Finance Europe

Enters the portfolio at 0.55% weight.

+ Spie SA

Enters the portfolio at 0.55% weight.

+ ACS

Enters the portfolio at 0.54% weight.

+ Prysmian Spa

Enters the portfolio at 0.54% weight.

+ El Corte Inglés SA

Enters the portfolio at 0.28% weight.

+ Fiserv Inc

Enters the portfolio at 0.28% weight.

+ Assa Abloy Ab

Enters the portfolio at 0.28% weight.

+ Sacyr SA

Enters the portfolio at 0.28% weight.

+ Levi Strauss & Co

Enters the portfolio at 0.28% weight.

+ Kering

Enters the portfolio at 0.27% weight.

+ Medtronic Inc

Enters the portfolio at 0.27% weight.

+ Red Electrica Financi SA

Enters the portfolio at 0.27% weight.

− Coty INC

Leaves the portfolio; it was 0.36% of weight.

− Sacyr SA

Leaves the portfolio; it was 0.34% of weight.

− Gestamp Automocion SA

Leaves the portfolio; it was 0.34% of weight.

− Almirall SA

Leaves the portfolio; it was 0.33% of weight.

− Levi Strauss & Co

Leaves the portfolio; it was 0.33% of weight.

◦ Bono del Estado

Leaves the portfolio; it was 3.83% of weight.

◦ France Govt

Leaves the portfolio; it was 1.74% of weight.

◦ Us Treasury N/B

Leaves the portfolio; it was 1.43% of weight.

◦ Traton Finance Lux SA

Leaves the portfolio; it was 0.35% of weight.

◦ Traton Finance Lux SA

Leaves the portfolio; it was 0.35% of weight.

◦ Informa PLC

Leaves the portfolio; it was 0.35% of weight.

◦ Softbank Group Corp

Leaves the portfolio; it was 0.34% of weight.

◦ Abertis Infraestructuras

Leaves the portfolio; it was 0.34% 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.