Fund page

SANTANDER RF CONVERTIBLES, 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

STMICROELECTRONI XS2211997239 · USD Renta Fija Cotizada Mas 1 Anio XS 8.97% —

QIAGEN N.V. DE000A3L06J9 · USD Renta Fija Cotizada Mas 1 Anio DE 6.07% —

MERRILL LYNCH BV XS2938565673 · EUR Renta Fija Cotizada Mas 1 Anio XS 5.11% —

ENI SPA XS2637952610 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.69% —

JPMORGAN CHASE F XS3041309207 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.48% —

ACCIONES|PIRELLI AND C. SPA IT0005278236 · EUR Renta Variable Cotizada IT 4.37% —

IBERDROLA FINANZ XS2557565830 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.34% —

MTU AERO ENGINES DE000A2YPE76 · EUR Renta Fija Cotizada Mas 1 Anio DE 4.21% —

CITIGROUP GLOBAL XS2782912518 · EUR Renta Fija Cotizada Mas 1 Anio XS 4.20% —

RAG STIFTUNG DE000A30VPN9 · EUR Renta Fija Cotizada Mas 1 Anio DE 4.16% —

CITIGROUP GLOBAL XS2566032095 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.78% —

SIMON GLOBAL DEV XS2713344195 · EUR Renta Fija Cotizada Menos 1 Anio XS 3.73% —

INTERNATIONAL CO XS2343113101 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.50% —

LEG PROPERTIES B DE000A3L21D1 · EUR Renta Fija Cotizada Mas 1 Anio DE 3.48% —

CELLNEX TELECOM XS2021212332 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.30% —

SCHNEIDER ELECTR FR001400R1R6 · EUR Renta Fija Cotizada Mas 1 Anio FR 3.30% —

SAIPEM SPA XS2677538493 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.30% —

SCHNEIDER ELECTR FR0014012R72 · EUR Renta Fija Cotizada Mas 1 Anio FR 3.16% —

DUERR AG DE000A3H2XR6 · EUR Renta Fija Cotizada Menos 1 Anio DE 3.14% —

RAG-STIFTUNG DE000A3E44N7 · EUR Renta Fija Cotizada Menos 1 Anio DE 3.13% —

LEG IMMOBILIEN A DE000A289T23 · EUR Renta Fija Cotizada Mas 1 Anio DE 2.91% —

WENDEL SA FR001400GVB0 · EUR Renta Fija Cotizada Menos 1 Anio FR 2.65% —

SALZGITTER AG DE000A460P02 · EUR Renta Fija Cotizada Mas 1 Anio DE 2.55% —

ACCOR SA FR0013521085 · EUR Renta Fija Cotizada Mas 1 Anio FR 2.29% —

VINCI SA FR001400XE50 · EUR Renta Fija Cotizada Mas 1 Anio FR 2.28% —

ACCIONES|NOVO NORDISK A/S DK0062498333 · DKK Renta Variable Cotizada DK 0.41% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 5 Exits: 6 Increases: 13 Cuts: 4

+ MERRILL LYNCH BV

Enters the portfolio at 5.11% weight.

View company page →

+ JPMORGAN CHASE F

Enters the portfolio at 4.48% weight.

View company page →

+ ACCIONES|PIRELLI AND C. SPA

Enters the portfolio at 4.37% weight.

View company page →

+ SCHNEIDER ELECTR

Enters the portfolio at 3.16% weight.

View company page →

+ SALZGITTER AG

Enters the portfolio at 2.55% weight.

View company page →

− MERRILL LYNCH BV

Leaves the portfolio; it was 4.69% of weight.

− SOITEC SA

Leaves the portfolio; it was 4.62% of weight.

− PIRELLI AND C.

Leaves the portfolio; it was 4.08% of weight.

− STMICROELECTRONI

Leaves the portfolio; it was 3.58% of weight.

− QIAGEN N.V.

Leaves the portfolio; it was 3.33% of weight.

− ACCIONES|GLENCORE PLC

Leaves the portfolio; it was 0.53% of weight.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company operates in two segments, Marketing Activities and Industrial Activities. It engages in the production and marketing of copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration and production and refining and distribution. The company is also involved in marketing and distributing physical commodities sourced from third party producers to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

View company page →

▲ STMICROELECTRONI

Goes from 5.62% to 8.97%.

View company page →

▲ QIAGEN N.V.

Goes from 3.63% to 6.07%.

View company page →

▲ IBERDROLA FINANZ

Goes from 3.32% to 4.34%.

View company page →

▲ ENI SPA

Goes from 3.88% to 4.69%.

View company page →

▲ SAIPEM SPA

Goes from 2.69% to 3.30%.

View company page →

▲ LEG IMMOBILIEN A

Goes from 2.45% to 2.91%.

View company page →

▲ SCHNEIDER ELECTR

Goes from 2.86% to 3.30%.

View company page →

▲ ACCOR SA

Goes from 1.89% to 2.29%.

View company page →

▲ RAG-STIFTUNG

Goes from 2.73% to 3.13%.

View company page →

▲ CITIGROUP GLOBAL

Goes from 3.80% to 4.20%.

View company page →

▲ VINCI SA

Goes from 1.96% to 2.28%.

View company page →

▲ SIMON GLOBAL DEV

Goes from 3.43% to 3.73%.

View company page →

▲ CITIGROUP GLOBAL

Goes from 3.50% to 3.78%.

View company page →

▼ CELLNEX TELECOM

Goes from 4.02% to 3.30%.

View company page →

▼ MTU AERO ENGINES

Goes from 4.74% to 4.21%.

View company page →

▼ INTERNATIONAL CO

Goes from 3.87% to 3.50%.

View company page →

▼ DUERR AG

Goes from 3.35% to 3.14%.

View company page →

Fixed income

Declared FI exposure

59.5 M €

% of portfolio

92.7%

Positions

Issuers

Sovereign: 0 € Corporate: 59.5 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.

21% 49% 16%

Matured or ≤3 months · 6.2%3-6 months · 3.4%6-12 months · 4.0%1-2 years · 21.4%2-5 years · 48.7%5-10 years · 16.3%

Maturity Positions Exposure %

Matured or ≤3 months 2 3.7 M € 6.2%

3-6 months 1 2.0 M € 3.4%

6-12 months 1 2.4 M € 4.0%

1-2 years 4 12.7 M € 21.4%

2-5 years 12 29.0 M € 48.7%

5-10 years 4 9.7 M € 16.3%

> 10 years 0 0 € 0.0%

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

STMICROELECTRONI Corporate 1 5.8 M € 2027-08-04

CITIGROUP GLOBAL Corporate 2 5.1 M € 2028-03-15

RAG STIFTUNG Corporate 2 4.7 M € 2026-06-17

SCHNEIDER ELECTR Corporate 2 4.1 M € 2031-06-28

QIAGEN N.V. Corporate 1 3.9 M € 2031-09-10

MERRILL LYNCH BV Corporate 1 3.3 M € 2030-04-28

ENI SPA Corporate 1 3.0 M € 2030-09-14

JPMORGAN CHASE F Corporate 1 2.9 M € 2030-03-27

IBERDROLA FINANZ Corporate 1 2.8 M € 2027-12-07

MTU AERO ENGINES AG Corporate 1 2.7 M € 2027-03-18

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

XS2211997239 STMICROELECTRONI 0.00% 2027-08-04 5.8 M €

DE000A3L06J9 QIAGEN N.V. 2.50% 2031-09-10 3.9 M €

XS2938565673 MERRILL LYNCH BV 0.10% 2030-04-28 3.3 M €

XS2637952610 ENI SPA 2.95% 2030-09-14 3.0 M €

XS3041309207 JPMORGAN CHASE F 0.50% 2030-03-27 2.9 M €

XS2557565830 IBERDROLA FINANZ 0.80% 2027-12-07 2.8 M €

DE000A2YPE76 MTU AERO ENGINES AG 0.05% 2027-03-18 2.7 M €

XS2782912518 CITIGROUP GLOBAL 1.00% 2029-04-09 2.7 M €

DE000A30VPN9 RAG STIFTUNG 1.88% 2029-11-16 2.7 M €

XS2566032095 CITIGROUP GLOBAL 0.00% 2028-03-15 2.4 M €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %

EUR 49.8 M € 83.8%

USD 9.7 M € 16.2%

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: 4 Exits at maturity: 3 Exits not explained by maturity: 2

+ MERRILL LYNCH BV

Enters the portfolio at 5.11% weight.

+ JPMORGAN CHASE F

Enters the portfolio at 4.48% weight.

+ SCHNEIDER ELECTR

Enters the portfolio at 3.16% weight.

+ SALZGITTER AG

Enters the portfolio at 2.55% weight.

− MERRILL LYNCH BV

Leaves the portfolio; it was 4.69% of weight.

− QIAGEN N.V.

Leaves the portfolio; it was 3.33% of weight.

◦ SOITEC SA

Leaves the portfolio; it was 4.62% of weight.

◦ PIRELLI AND C.

Leaves the portfolio; it was 4.08% of weight.

◦ STMICROELECTRONI

Leaves the portfolio; it was 3.58% 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.