Fund page

SANTANDER GESTION GLOBAL EQUILIBRADO, FI

Manager

SANTANDER ASSET MANAGEMENT, S.A., SGIIC 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

ACCIONES|SOURCE PHYSICAL MARKETS GOLD IE00B579F325 · USD Renta Variable Cotizada IE 1.94% —

SPAIN LETRAS DEL TESORO ES0L02609045 · EUR Deuda Publica Cotizada Memos 1 Anio ES 0.89% —

ITALY BUONI ORDI IT0005666851 · EUR Deuda Publica Cotizada Memos 1 Anio IT 0.73% —

FRANCE REPUBLIC FR0129132744 · EUR Deuda Publica Cotizada Memos 1 Anio FR 0.65% —

SPAIN GOVERNMENT ES0000012O59 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.41% —

ITALY BUONI ORDI IT0005619546 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.39% —

ITALY BUONI ORDI IT0005584849 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.33% —

SPAIN GOVERNMENT ES0000012K53 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.33% —

FRENCH REPUBLIC FR0013341682 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.31% —

BUNDESOBLIGATION DE000BU25026 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.30% —

SPAIN GOVERNMENT ES0000012G34 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.30% —

FRANCE REPUBLIC FR0013516549 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.28% —

ITALY BUONI ORDI IT0005641029 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.25% —

ITALY BUONI ORDI IT0005655037 · EUR Deuda Publica Cotizada Memos 1 Anio IT 0.25% —

FRANCE REPUBLIC FR001400HI98 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.24% —

BUNDESOBLIGATION DE000BU27006 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.23% —

ITALY BUONI ORDI IT0005556011 · EUR Deuda Publica Cotizada Memos 1 Anio IT 0.23% —

BUNDESOBLIGATION DE000BU22106 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.22% —

FRANCE REPUBLIC FR001400PM68 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.22% —

AUSTRIA, REPUBLI AT0000A38239 · EUR Deuda Publica Cotizada Mas 1 Anio AT 0.22% —

BUNDESOBLIGATION DE000BU22098 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.22% —

BUNDESOBLIGATION DE000BU2Z015 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.21% —

ITALY BUONI ORDI IT0005544082 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.21% —

BUNDESOBLIGATION DE000BU25000 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.19% —

FRANCE REPUBLIC FR0014002WK3 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.19% —

FRANCE REPUBLIC FR001400BKZ3 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.19% —

BUNDESOBLIGATION DE000BU2Z007 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.17% —

ITALY BUONI ORDI IT0005654642 · EUR Renta Fija Cotizada Mas 1 Anio IT 0.17% —

NETHERLANDS GOVE NL0015001XZ6 · EUR Deuda Publica Cotizada Mas 1 Anio NL 0.17% —

BELGIUM GOVERNME BE0000360694 · EUR Deuda Publica Cotizada Mas 1 Anio BE 0.17% —

FRANCE REPUBLIC FR001400H7V7 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.16% —

SPAIN GOVERNMENT ES0000012N35 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.16% —

FRENCH REPUBLIC FR0013286192 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.15% —

IRELAND GOVERNME IE00BKFVC899 · EUR Deuda Publica Cotizada Mas 1 Anio IE 0.15% —

SPAIN GOVERNMENT ES0000012K20 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.13% —

BELGIUM GOVERNME BE0000335449 · EUR Deuda Publica Cotizada Mas 1 Anio BE 0.13% —

ITALY BUONI ORDI IT0005607970 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.13% —

BUNDESOBLIGATION DE000BU25042 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.13% —

ITALY BUONI POLI IT0003256820 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.12% —

FRANCE REPUBLIC FR001400X8V5 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.11% —

ITALY BUONI ORDI IT0005580045 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.11% —

SPAIN GOVERNMENT ES0000012P74 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.11% —

FRANCE REPUBLIC FR001400L834 · EUR Deuda Publica Cotizada Mas 1 Anio FR 0.10% —

ITALY BUONI ORDI IT0005647265 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.10% —

ITALY BUONI ORDI IT0005622128 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.08% —

FINLAND, REPUBLI FI4000306758 · EUR Deuda Publica Cotizada Mas 1 Anio FI 0.07% —

BUNDESOBLIGATION DE000BU2Z023 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.06% —

BUNDESOBLIGATION DE0001102515 · EUR Deuda Publica Cotizada Mas 1 Anio DE 0.05% —

PORTUGAL OBRIGAC PTOTEQOE0023 · EUR Deuda Publica Cotizada Mas 1 Anio PT 0.04% —

PORTUGAL OBRIGAC PTOTEAOE0005 · EUR Deuda Publica Cotizada Mas 1 Anio PT 0.04% —

BELGIUM GOVERNME BE0000357666 · EUR Deuda Publica Cotizada Mas 1 Anio BE 0.04% —

AUSTRIA GOVERNME AT0000A10683 · EUR Deuda Publica Cotizada Mas 1 Anio AT 0.04% —

SPAIN GOVERNMENT ES0000012L29 · EUR Deuda Publica Cotizada Memos 1 Anio ES 0.04% —

AUSTRIA, REPUBLI AT0000A2WSC8 · EUR Deuda Publica Cotizada Mas 1 Anio AT 0.03% —

NETHERLANDS GOVE NL00150006U0 · EUR Deuda Publica Cotizada Mas 1 Anio NL 0.03% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 16 Exits: 23 Increases: 1 Cuts: 1

+ SPAIN LETRAS DEL TESORO

Enters the portfolio at 0.89% weight.

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+ ITALY BUONI ORDI

Enters the portfolio at 0.73% weight.

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+ FRANCE REPUBLIC

Enters the portfolio at 0.65% weight.

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+ BUNDESOBLIGATION

Enters the portfolio at 0.22% weight.

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+ FRANCE REPUBLIC

Enters the portfolio at 0.22% weight.

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+ AUSTRIA, REPUBLI

Enters the portfolio at 0.22% weight.

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+ BUNDESOBLIGATION

Enters the portfolio at 0.22% weight.

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+ BUNDESOBLIGATION

Enters the portfolio at 0.19% weight.

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+ ITALY BUONI ORDI

Enters the portfolio at 0.17% weight.

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+ SPAIN GOVERNMENT

Enters the portfolio at 0.16% weight.

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+ FRENCH REPUBLIC

Enters the portfolio at 0.15% weight.

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+ FRANCE REPUBLIC

Enters the portfolio at 0.11% weight.

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+ SPAIN GOVERNMENT

Enters the portfolio at 0.11% weight.

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+ ITALY BUONI ORDI

Enters the portfolio at 0.10% weight.

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+ BUNDESOBLIGATION

Enters the portfolio at 0.05% weight.

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+ PORTUGAL OBRIGAC

Enters the portfolio at 0.04% weight.

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− SPAIN LETRAS DEL TESORO

Leaves the portfolio; it was 1.00% of weight.

− FRANCE REPUBLIC GOVERNMENT BOND OAT COUP

Leaves the portfolio; it was 1.00% of weight.

− ITALY BUONI ORDI

Leaves the portfolio; it was 0.30% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.25% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 0.24% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.24% of weight.

− AUSTRIA GOVERNME

Leaves the portfolio; it was 0.23% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.23% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.22% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.21% of weight.

− BUNDESREPUBLIK D

Leaves the portfolio; it was 0.21% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.19% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.16% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.15% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.13% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.12% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 0.10% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.09% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.09% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.08% of weight.

− IRELAND GOVERNME

Leaves the portfolio; it was 0.04% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.04% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.02% of weight.

▲ ACCIONES|SOURCE PHYSICAL MARKETS GOLD

Goes from 1.46% to 1.94%.

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▼ ITALY BUONI ORDI

Goes from 1.00% to 0.25%.

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Fixed income

Declared FI exposure

646.2 M €

% of portfolio

11.0%

Positions

Issuers

Sovereign: 631.4 M € Corporate: 14.8 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.

15% 39% 30%

3-6 months · 2.6%6-12 months · 14.7%1-2 years · 5.8%2-5 years · 38.5%5-10 years · 30.3%Unknown · 8.1%

Maturity Positions Exposure %

Matured or ≤3 months 0 0 € 0.0%

3-6 months 2 17.1 M € 2.6%

6-12 months 3 95.2 M € 14.7%

1-2 years 4 37.3 M € 5.8%

2-5 years 17 248.8 M € 38.5%

5-10 years 27 195.5 M € 30.3%

> 10 years 0 0 € 0.0%

Unknown 1 52.2 M € 8.1%

Top issuers

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

Issuer Type ISINs Exposure Next maturity

Repubblica Italiana Sovereign 13 182.3 M € 2026-06-12

République Française Sovereign 11 154.0 M € 2026-09-09

Reino de España Sovereign 8 139.1 M € 2026-05-31

Bundesrepublik Deutschland Sovereign 10 104.7 M € 2027-06-10

BELGIUM GOVERNME Sovereign 3 19.7 M € 2031-06-22

AUSTRIA, REPUBLI Corporate 2 14.8 M € 2030-10-20

NETHERLANDS GOVE Sovereign 2 11.3 M € 2031-07-15

IRELAND GOVERNME Sovereign 1 8.5 M € 2030-10-18

PORTUGAL OBRIGAC Sovereign 2 5.0 M € 2033-10-14

FINLAND, REPUBLI Sovereign 1 4.3 M € 2034-04-15

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

ES0L02609045 Reino de España — — 52.2 M €

IT0005666851 Repubblica Italiana 0.00% 2026-08-14 43.2 M €

FR0129132744 République Française 0.00% 2026-09-09 38.5 M €

ES0000012O59 Reino de España 2.40% 2028-05-31 24.4 M €

IT0005619546 Repubblica Italiana 3.15% 2031-11-15 23.0 M €

IT0005584849 Repubblica Italiana 3.35% 2029-07-01 19.7 M €

ES0000012K53 Reino de España 0.80% 2029-07-30 19.4 M €

FR0013341682 République Française 0.75% 2028-11-25 18.5 M €

DE000BU25026 Bundesrepublik Deutschland 2.10% 2029-04-12 17.7 M €

ES0000012G34 Reino de España 1.25% 2030-10-31 17.7 M €

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: 16 Exits at maturity: 0 Exits not explained by maturity: 23

+ SPAIN LETRAS DEL TESORO

Enters the portfolio at 0.89% weight.

+ ITALY BUONI ORDI

Enters the portfolio at 0.73% weight.

+ FRANCE REPUBLIC

Enters the portfolio at 0.65% weight.

+ BUNDESOBLIGATION

Enters the portfolio at 0.22% weight.

+ FRANCE REPUBLIC

Enters the portfolio at 0.22% weight.

+ AUSTRIA, REPUBLI

Enters the portfolio at 0.22% weight.

+ BUNDESOBLIGATION

Enters the portfolio at 0.22% weight.

+ BUNDESOBLIGATION

Enters the portfolio at 0.19% weight.

+ ITALY BUONI ORDI

Enters the portfolio at 0.17% weight.

+ SPAIN GOVERNMENT

Enters the portfolio at 0.16% weight.

+ FRENCH REPUBLIC

Enters the portfolio at 0.15% weight.

+ FRANCE REPUBLIC

Enters the portfolio at 0.11% weight.

+ SPAIN GOVERNMENT

Enters the portfolio at 0.11% weight.

+ ITALY BUONI ORDI

Enters the portfolio at 0.10% weight.

+ BUNDESOBLIGATION

Enters the portfolio at 0.05% weight.

+ PORTUGAL OBRIGAC

Enters the portfolio at 0.04% weight.

− SPAIN LETRAS DEL TESORO

Leaves the portfolio; it was 1.00% of weight.

− FRANCE REPUBLIC GOVERNMENT BOND OAT COUP

Leaves the portfolio; it was 1.00% of weight.

− ITALY BUONI ORDI

Leaves the portfolio; it was 0.30% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.25% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 0.24% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.24% of weight.

− AUSTRIA GOVERNME

Leaves the portfolio; it was 0.23% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.23% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.22% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.21% of weight.

− BUNDESREPUBLIK D

Leaves the portfolio; it was 0.21% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.19% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.16% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.15% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.13% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.12% of weight.

− FRENCH REPUBLIC

Leaves the portfolio; it was 0.10% of weight.

− SPAIN GOVERNMENT

Leaves the portfolio; it was 0.09% of weight.

− ITALY BUONI POLI

Leaves the portfolio; it was 0.09% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.08% of weight.

− IRELAND GOVERNME

Leaves the portfolio; it was 0.04% of weight.

− BUNDESOBLIGATION

Leaves the portfolio; it was 0.04% of weight.

− FRANCE REPUBLIC

Leaves the portfolio; it was 0.02% 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.