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Ficha de fondo

SWM GLOBAL FLEXIBLE,FI

Categoria
—
Ultimo periodo
2S 2025
Posiciones
84

Cartera notificada con cierre 2025-12-31. Fuente: informe periodico en la CNMV. Ver informe original (PDF)

Cartera completa

Todas las posiciones del ultimo informe periodico, de mayor a menor peso. Los agregados ("resto de renta variable...") son cestas de posiciones pequenas que el propio informe no desglosa linea a linea.

84
Empresa Tipo Pais Peso Precio
ABERTIS XS2113911387 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.30% —
REPUBLICA DE FRANCIA FR0128983980 · EUR Deuda Publica Cotizada Memos 1 Anio FR 1.84% —
VOLKSWAGEN XS2234567233 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.73% —
VOLKSWAGEN XS2491738949 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.70% —
US TREASURY US912810FB99 · USD Deuda Publica Cotizada Mas 1 Anio US 1.56% —
HOCHTIEF AG DE000A383EL9 · EUR Renta Fija Cotizada Mas 1 Anio DE 1.55% 372.60 EUR
Acciones|ALPHABET US02079K1079 · USD Renta Variable Cotizada US 1.48% 336.91 USD
ALTRIA XS1843443190 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.46% 75.11 USD
GAZPROM XS2291819980 · USD Renta Fija Cotizada Mas 1 Anio XS 1.17% —
CANADIAN IMPERIAL BA XS2856773606 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.14% 158.87 CAD
Acciones|MICROSOFT CORP. US5949181045 · USD Renta Variable Cotizada US 1.10% 529.05 USD
STANDARD CHARTERED XS1480699641 · USD Renta Fija Cotizada Mas 1 Anio XS 1.10% 2127.00 GBp
FIAT XS2325733413 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.03% —
Acciones|JP MORGAN CHASE & CO US46625H1005 · USD Renta Variable Cotizada US 0.96% 339.72 USD
ERSTE&STEIERMAR BANK AT0000A39UM6 · EUR Renta Fija Cotizada Mas 1 Anio AT 0.96% —
NEXTERA ENERGY INC US65339KCS78 · USD Renta Fija Cotizada Menos 1 Anio US 0.94% 79.80 USD
BBVA INTERNACIONAL XS2534785865 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.93% —
APPLE COMPUTER INC US037833CX61 · USD Renta Fija Cotizada Mas 1 Anio US 0.93% —
BBVA INTERNACIONAL XS1562614831 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.93% 26.12 USD
GENERAL MOTORS US37045XDK90 · USD Renta Fija Cotizada Menos 1 Anio US 0.93% 83.96 USD
VOLKSWAGEN XS1893631769 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.92% 68.68 EUR
REPUBLICA DE FRANCIA FR0128838515 · EUR Deuda Publica Cotizada Memos 1 Anio FR 0.92% —
KBC GROUP NV BE0390268374 · EUR Renta Fija Cotizada Mas 1 Anio BE 0.91% 94.72 EUR
WELLS FARGO &CO XS1617830721 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.90% 83.55 USD
EP INFRASTRUCTURE AS XS2062490649 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.89% —
WESTPAC XS2421006201 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.89% 42.26 NZD
CEPSA XS2117485677 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.88% 96.05 EUR
Acciones|ASML HOLDING NV NL0010273215 · EUR Renta Variable Cotizada NL 0.85% 1477.20 EUR
AMERICAN TOWER CORP XS2346207892 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.85% 185.27 USD
IBERDROLA INTERNACIO XS2930118265 · GBP Renta Fija Cotizada Mas 1 Anio XS 0.84% —
AIR FRANCE FR001400F2R8 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.83% 10.53 EUR
Acciones|ALIBABA GROUP HOLDING LTD US01609W1027 · USD Renta Variable Cotizada US 0.80% 109.11 USD
NETFLIX INC US64110LAN64 · USD Renta Fija Cotizada Menos 1 Anio US 0.79% 70.53 USD
EMPRESA NACIONAL DEL USP37110AK24 · USD Renta Fija Cotizada Menos 1 Anio US 0.78% —
UNICREDITO ITALIANO XS2348710562 · USD Renta Fija Cotizada Mas 1 Anio XS 0.78% —
HAMBURG COMMERCIAL B DE000HCB0B44 · EUR Renta Fija Cotizada Mas 1 Anio DE 0.77% —
NATIONAL GRID TRANSC XS2575973776 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.76% 76.86 USD
DEUTSCHE BANK AG DE000A383J95 · EUR Renta Fija Cotizada Mas 1 Anio DE 0.75% —
PETROLEOS MEXICANOS XS1824424706 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.74% —
REINO DE ESPAÑA ES0L02603063 · EUR Deuda Publica Cotizada Memos 1 Anio ES 0.73% 36.02 USD
Acciones|AMAZON US0231351067 · USD Renta Variable Cotizada US 0.72% 250.00 USD
GAZPROM XS2196334671 · USD Renta Fija Cotizada Mas 1 Anio XS 0.72% —
ZIMMER BIOMET HOLDIN XS2079105891 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.72% 89.14 USD
GAZ DE FRANCE FR0013344686 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.71% —
VONOVIA DE000A3MP4U9 · EUR Renta Fija Cotizada Mas 1 Anio DE 0.67% 16.39 EUR
REINO UNIDO GB00B16NNR78 · GBP Deuda Publica Cotizada Mas 1 Anio GB 0.64% —
US TREASURY US9128283W81 · USD Deuda Publica Cotizada Mas 1 Anio US 0.62% —
Acciones|GLENCORE FINANCE EUROPE JE00B4T3BW64 · GBP Renta Variable Cotizada JE 0.60% 583.10 GBp
Acciones|REPSOL YPF SA ES0173516115 · EUR Renta Variable Cotizada ES 0.59% 29.80 EUR
ZEGONA COMMUNICATION XS2859406139 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.58% —
TELEPERFORMANCE FR001400M2F4 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.58% 74.68 EUR
Acciones|ROYAL DUTCH SHELL GB00BP6MXD84 · EUR Renta Variable Cotizada GB 0.58% 3938.00 GBp
ENBW INTERNATIONAL F XS2722717472 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.58% —
FRESENIUS XS2530444624 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.56% 45.04 EUR
RENAULT SA FR001400KXW4 · EUR Renta Fija Cotizada Menos 1 Anio FR 0.56% 27.59 EUR
CREDIT MUTUEL ARKEA FR00140143T9 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.55% —
PROSEGUR CASH SA ES0305229009 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.55% 0.64 EUR
MOELLER-MAERSK XS1789699607 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.54% 17.27 USD
DAIMLERCHRYSLER AG DE000A2YNZW8 · EUR Renta Fija Cotizada Menos 1 Anio DE 0.54% —
BECTON DICKINSON AND XS1531347661 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.54% 191.75 USD
PROSEGUR XS2448335351 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.54% 2.87 EUR
Acciones|ROCHE HOLDING CH0012032048 · CHF Renta Variable Cotizada CH 0.52% 57.14 USD
Acciones|PORSCHE DE000PAH0038 · EUR Renta Variable Cotizada DE 0.51% 25.00 EUR
Acciones|VISA US92826C8394 · USD Renta Variable Cotizada US 0.44% 402.61 USD
Acciones|NOVARTIS CH0012005267 · CHF Renta Variable Cotizada CH 0.43% 124.70 CHF
Acciones|PUIG BRANDS ES0105777017 · EUR Renta Variable Cotizada ES 0.41% 19.57 EUR
Acciones|CELLNEX TELECOM SAU ES0105066007 · EUR Renta Variable Cotizada ES 0.40% 25.62 EUR
Acciones|PFIZER ING US7170811035 · USD Renta Variable Cotizada US 0.39% 29.58 USD
Acciones|NESTLE CH0038863350 · CHF Renta Variable Cotizada CH 0.39% 82.43 CHF
Acciones|REDES ENERGETICAS NACIONALES PTZON0AM0006 · EUR Renta Variable Cotizada PT 0.37% 5.31 EUR
Acciones|BASF DE000BASF111 · EUR Renta Variable Cotizada DE 0.37% 53.23 EUR
Acciones|JD COM INC-ADR US47215P1066 · USD Renta Variable Cotizada US 0.36% 27.01 USD
Acciones|PLUXEE N.V. NL0015001W49 · EUR Renta Variable Cotizada NL 0.33% 15.39 EUR
Acciones|ADIDAS DE000A1EWWW0 · EUR Renta Variable Cotizada DE 0.31% 158.50 EUR
Acciones|OUTOKUMPU OYJ FI0009002422 · EUR Renta Variable Cotizada FI 0.25% 4.95 EUR
Acciones|ENAGAS ES0130960018 · EUR Renta Variable Cotizada ES 0.24% 16.81 EUR
Acciones|DIAGEO PLC GB0002374006 · GBP Renta Variable Cotizada GB 0.24% 1790.00 GBp
Acciones|ADOBE US00724F1012 · USD Renta Variable Cotizada US 0.22% 245.20 USD
Acciones|ROLLS-ROYCE PLC GB00B63H8491 · GBP Renta Variable Cotizada GB 0.22% 1350.60 GBp
Acciones|SALES FORCE US79466L3024 · USD Renta Variable Cotizada US 0.21% 240.70 USD
Acciones|ABBOT LABORATORIES US0028241000 · USD Renta Variable Cotizada US 0.20% 104.89 USD
Acciones|PALO ALTO NETWORKS INC US6974351057 · USD Renta Variable Cotizada US 0.14% 342.00 USD
Acciones|ZEGONA COMMUNICATIONS PLC GB00BVGBY890 · GBP Renta Variable Cotizada GB 0.10% 1746.00 GBp
Acciones|CORBION V NL0010583399 · EUR Renta Variable Cotizada NL 0.10% 23.12 EUR

Movimientos del periodo

2S 2025 frente a 1S 2025 (estimada)

Nuevas: 31 Salidas: 21 Incrementos: 6 Recortes: 3
+ REPUBLICA DE FRANCIA

Entra en la cartera con un 1.84% de peso.

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+ CANADIAN IMPERIAL BA

Entra en la cartera con un 1.14% de peso.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, agriculture, and business accounts; mortgages; business, car, education, home, and other loans; lines of credit and agriculture loans; and cash management, small business financing, and overdraft protection services. The company also provides investment and insurance services; healthcare banking; credit cards; private banking, wealth planning, investment management, and estate planning and trust; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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+ ERSTE&STEIERMAR BANK

Entra en la cartera con un 0.96% de peso.

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+ BBVA INTERNACIONAL

Entra en la cartera con un 0.93% de peso.

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia. The company offers traditional retail, wholesale, investment, and transaction banking. It also engages in financial, insurance, asset management, and capital markets businesses, as well as digital banking. The company was formerly known as Banco Bilbao Vizcaya, S.A. and changed its name to Banco Bilbao Vizcaya Argentaria, S.A. in January 2000. Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 and is headquartered in Bilbao, Spain.

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+ REPUBLICA DE FRANCIA

Entra en la cartera con un 0.92% de peso.

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+ KBC GROUP NV

Entra en la cartera con un 0.91% de peso.

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+ IBERDROLA INTERNACIO

Entra en la cartera con un 0.84% de peso.

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+ NATIONAL GRID TRANSC

Entra en la cartera con un 0.76% de peso.

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

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+ DEUTSCHE BANK AG

Entra en la cartera con un 0.75% de peso.

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+ PETROLEOS MEXICANOS

Entra en la cartera con un 0.74% de peso.

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+ REINO DE ESPAÑA

Entra en la cartera con un 0.73% de peso.

Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Bank, Naranja X, Insurance, and Other Businesses segments. It offers savings, checking, and time deposits; and credit and debit cards. The company also provides personal loans, salary advance, express loans, AfterPay, Buy Now Pay Later, flexible loans, and overdrafts for individuals; and immediate loans, discount of electronic credit invoice and e-checks, pledge and mortgage loans, Sociedad de Garantía Recíproca loans, Socios de valor, productive line, leasing, and purchase of agricultural inputs for companies. In addition, the company offers life, home, personal accident, robbery, cars, and other insurance products; fixed term, traditional fixed term, and purchasing value unit investment products; custody of securities; purchase and sale of foreign currency; private banking; and fixed income products, stocks, CEDEARs, secured loans, mutual funds, stock promissory note, structured solutions, and primary issuances; foreign trade; and capital market and investment banking. Further, it provides online banking services. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.

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+ REINO UNIDO

Entra en la cartera con un 0.64% de peso.

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+ US TREASURY

Entra en la cartera con un 0.62% de peso.

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+ ZEGONA COMMUNICATION

Entra en la cartera con un 0.58% de peso.

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+ TELEPERFORMANCE

Entra en la cartera con un 0.58% de peso.

Teleperformance SE, together with its subsidiaries, operates as a digital business services company in France and internationally. The company operates in Core Services and Specialized Services segments. The company offers customer relationship, technical assistance, and customer acquisition services; business processes management, and back office and digital platform services; online interpretation, visa application management, health management, recruitment process outsourcing advisory and assistance, and accounts receivable credit management services. It also provides digital CX, trust and safety, artificial intelligence, real-time speech understanding, StoryfAI application, TP microservices, and video CX; back-office processing, integrated sales, finance and accounting, smartshoring, work-at-home, multilingual services, ad sales, and rebadging solutions; advanced analytics, business process optimization, business transformation consulting, and technology services; and claims management, collection services, interpretation and translation, recruitment process outsourcing, visa and consular services, and healthcare support. The company serves automotive, energy and utilities, media, government, technology, travel, hospitality, cargo, banking and financial services, healthcare, insurance, retail and e-commerce, telecom, and video games industries. The company was incorporated in 1910 and is based in Paris, France.

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+ ENBW INTERNATIONAL F

Entra en la cartera con un 0.58% de peso.

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+ CREDIT MUTUEL ARKEA

Entra en la cartera con un 0.55% de peso.

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+ PROSEGUR CASH SA

Entra en la cartera con un 0.55% de peso.

Prosegur Cash, S.A. provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally. The company offers local and international transport services through land, sea, and air, such as collection, transport, custody, delivery, and deposit in vaults for funds and other valuable goods. It also provides cash management and handling, and automation services consisting of counting, processing, reconditioning, securing storage, packaging, delivering, and recycling banknotes and coins, as well as cash flow monitoring and tracking systems and ATM replacement services; Cash Today, which automates payments in retail establishments; ATM management solutions comprising planning, loading, monitoring, first- and second-tier maintenance, and balancing services; value offshore systems services; correspondent banking services, such as management of collections and payments and invoice collection services, currency exchange services; and digital asset custody service. In addition, the company offers added-value offshore system services; cash back services for purchases at the supermarket, online travel bookings, reservations, and gift card purchases; and digital wallets. It serves financial institutions, retail establishments, government agencies and central banks, and mints and jewellery stores. The company was incorporated in 2016 and is headquartered in Madrid, Spain. Prosegur Cash, S.A. is a subsidiary of Prosegur Compañía de Seguridad, S.A.

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+ Acciones|NOVARTIS

Entra en la cartera con un 0.43% de peso.

Novartis AG researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. The company offers Entresto, an angiotensin receptorneprilysin inhibitor to treat symptomatic chronic heart failure with reduced ejection fraction (HFrEF); Cosentyx to treat plaque psoriasis, pso riatic arthritis, ankylosing spondylitis, and nonradiographic axial spondy loarthritis; Kisqali, a selective oral cyclin dependent inhibitor of kinases 4 and 6 (CDK4/6); Promacta/Revolade to treat immune thrombocytopenia (ITP), thrombocytopenia, and patients with severe aplastic anemia (SAA); Tafinlar+Mekinist, an oral combination therapy to treat patients with certain types of cancers; and Jakavi for the treatment of myelofibrosis, polycythemia vera, and acute or chronic graftversushost disease (GvHD). It also provides Tasigna to treat philadelphia chromosomepositive chronic myeloid leukemia in the chronic and/or accelerated phase; Xolair for the treatment of allergic asthma and nasal polyps or severe chronic rhinosi nusitis with nasal polyps; Ilaris to treat fever syndromes, Still's disease, and acute gouty arthritis; Pluvicto to treat prostatespecific membrane anti genpositive metastatic castrationresistant prostate cancer; Sandostatin SC and Sandostatin LAR to treat acromegaly carcinoid tumors and other types of functional gastro intestinal and pancreatic neuroendocrine tumors; Zolgensma for the treatment of genetic root cause of spinal muscular atrophy; Lucentis; Leqvio to reduce LDL cholesterol; Lutathera; Scemblix; and Fabhalta. The company focuses on therapeutic areas, such as cardiovascular, renal and metabolic, immunology, neuroscience, oncology, and hematology. It has a license and collaboration agreement with Alnylam Pharmaceuticals, Inc. to develop, manufacture, and commercialize Leqvio (inclisiran), a therapy to reduce LDL cholesterol. Novartis AG was incorporated in 1996 and is headquartered in Basel, Switzerland.

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+ Acciones|PUIG BRANDS

Entra en la cartera con un 0.41% de peso.

Puig Brands, S.A. operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through three segments: Fragrance and Fashion, Makeup, and Skincare. The Fragrance and Fashion segment designs, develops, and markets fragrances in various forms, including eau de parfum sprays and colognes, lotions, powders, creams, candles, and soaps, that are based on a particular fragrance, as well as clothing, footwear and accessories under the Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Rabanne, Byredo, Christian Louboutin, Dries Van Noten, L'Artisan Parfumeur, Penhaligon's, Adolfo Domínguez, and Banderas brands. The Makeup segment engages in the creation, marketing, and sale of a range of cosmetic products, such as foundations, concealers, lipsticks, lip glosses, eyeliners, blushes, mascaras, and eyeshadows under the Carolina Herrera, Charlotte Tilbury, Rabanne, Byredo, Christian Louboutin, and Dries Van Noten brands. The Skincare segment offers cleansers, toners, moisturizers, serums, body care, exfoliators, acne, and oil correctors, facial masks, and sun care products under the Uriage, Apivita, Dr.Barbara Sturm, Kama Ayurveda, Loto del Sur, and Charlotte Tilbury brands. It sells its products in department stores, warehouses, pharmacies, drug stores, travel retail, spas, and Puig's own shops through digital channels, brands' own e-commerce, and distributors. The company was incorporated in 1914 and is based in Barcelona, Spain. Puig Brands, S.A. is a subsidiary of Puig, S.L.

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+ Acciones|CELLNEX TELECOM SAU

Entra en la cartera con un 0.40% de peso.

Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The Towers segment provides integrated network passive infrastructure services; other wireless telecommunications; and broadband network operators services, as well as colocation and engineering services. The DAS, Small Cells, and RAN as a Service segment offers services, such as RAN as a Service, which entails the emission and transmission active services; PPDR services comprising active infrastructure management for public administrations, including TETRA and 4G/LTE mission critical service networks; operation and maintenance; infrastructure support services; and other services that include smart cities/Internet of Things. The Fiber, Connectivity, and Housing Services segment provides data transport through fiber, including fibre-to-the-tower (FTTT), connectivity, backhaul transmission, and hosting services in edge data centers infrastructure. The broadcast segment engages in the distribution and transmission of television and radio signals; operation and maintenance of broadcasting networks; provision of connectivity for media content and over-the-top (OTT) broadcasting services; and other services, as well as offers coverage of the digital terrestrial television (DTT) services. The company also offers fixed and mobile telecommunication services; and provision of telecommunications equipment. In addition, it constructs and operates optic fiber telecommunications. The company was formerly known as Abertis Telecom Terrestre, S.A.U. and changed its name to Cellnex Telecom, S.A. in April 2015. Cellnex Telecom, S.A. was incorporated in 2008 and is headquartered in Madrid, Spain.

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+ Acciones|REDES ENERGETICAS NACIONALES

Entra en la cartera con un 0.37% de peso.

NOS, S.G.P.S., S.A. together with its subsidiaries, engages in the telecommunications and entertainment business. The company offers cable and satellite television, voice and internet access, mobile broadband internet access and mobile voice; and voice over internet protocol services. It is involved in publishing and sale of video grams; advertising on pay-TV channels; operation of cinemas and mobile communications network; distribution of films; production of pay-TV channels; data center management; licensing; and provision of engineering and consultancy services in information systems. In addition, the company engages in the negotiation, acquisition, purchase, and distribution of content rights and other multimedia products; distributing films; acquiring/negotiating rights for pay-TV and video-on-demand; cinema exhibition and distribution; sale of DVDs and insurance; and provision of security solutions. Further, it invests in and supports the development of companies that commercialize technologies and products; ownership, management, and operation of intellectual property; supply and marketing of electronic communications products and equipment; distribution of television and radio program; and provision of accounting, logistical, administrative, financial, tax, human resources and any other services. Additionally, the company is involved in demonstration, dissemination, and technology transfer and training activities; import, distribution, exploitation, commercialization, and production of audiovisual products; design, construction, management, and operation of electronic communications networks, and related equipment and infrastructures; buying and selling, renting, operating, purchase, and sale of property and commercial establishments; development and construction of buildings, planning, urban management, studies, construction and property management. The company was incorporated in 1999 and is headquartered in Lisbon, Portugal.

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+ Acciones|PLUXEE N.V.

Entra en la cartera con un 0.33% de peso.

Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally. The company provides employee benefits comprising meal, food, gift, mobility, training, insurance, and wellness benefits as well as engagement solutions; health, mental and physical well-being, leisure and culture, hybrid work, training, and uniforms; and other products and services, including rewards and recognition, public benefits, and fuel, fleet and expense management solutions. Its products are distributed through pre-paid cards, unreimbursed cards, digital solutions, paper vouchers. Pluxee N.V. was formerly known as Sodexo Asset Management 2 B.V. and changed its name to Pluxee N.V. in December 2023. The company was incorporated in 2022 and is headquartered in Issy-les-Moulineaux, France.

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+ Acciones|ADIDAS

Entra en la cartera con un 0.31% de peso.

adidas AG, together with its subsidiaries, designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally. The company offers footwear and apparel, as well as accessories and gear, including bags, balls, sunglasses, and fitness equipment under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores, mono-branded franchise stores, shop-in-shops, joint ventures with retail partners, and co-branded stores, as well as through its wholesale and e-commerce platforms. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.

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+ Acciones|OUTOKUMPU OYJ

Entra en la cartera con un 0.25% de peso.

Outokumpu Oyj produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally. It operates through Europe, the Americas, Ferrochrome, and Other operations segments. The company offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, duprof structural sections, hardened and customized press plates, suction roll shells, and blancs and disks. It also provides stainless steel powder which includes Supra 316L, Dura 17-4PH, Ultra 904L, Therma 253MA, Dura 4116, and Ni-free austenitic stainless-steel powder, ferritic grades as well as tailored product; and nickel-based alloys for environments in the process industry, oil and gas, and electric vehicles. In addition, the company offers cutting, polishing and brushing, welding, machining, plate bending and other services. Further, its products are used in various applications, including commercial kitchens, cooking, food industry, and home appliances; automotive and transportation; building and infrastructure; energy; marine; and heavy industries. Outokumpu Oyj was founded in 1910 and is headquartered in Helsinki, Finland.

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+ Acciones|DIAGEO PLC

Entra en la cartera con un 0.24% de peso.

Diageo plc, together with its subsidiaries, engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa. It offers beer, scotch, gin, vodka, rum, liqueur, raki, wine, cachaça, tequila, brandy, and Chinese white spirit beverages, as well as Irish, Canadian, Chinese US, and Indian whisky. The company also provides ready-to-drink and non-alcoholic beverages. Its principal brands include Johnnie Walker, Don Julio, Guinness, Crown Royal, Smirnoff, Baileys, Captain Morgan, Buchanan's, Casamigos, Shui Jing Fang, and McDowell's. The company was formerly known as Guinness plc and changed its name to Diageo plc in February 1998. The company was incorporated in 1886 and is headquartered in London, the United Kingdom.

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+ Acciones|ROLLS-ROYCE PLC

Entra en la cartera con un 0.22% de peso.

Rolls-Royce Holdings plc designs and manages mission-critical power systems in the United Kingdom and internationally. The company operates through three segments: Civil Aerospace, Defence, and Power Systems. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services. The Power Systems segment engages in the development, manufacture, marketing, and sale of integrated solutions for onsite power and propulsion under the mtu brand name. Rolls-Royce Holdings plc was founded in 1884 and is headquartered in London, the United Kingdom.

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+ Acciones|SALES FORCE

Entra en la cartera con un 0.21% de peso.

Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time. It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs. It serves financial services, healthcare and life sciences, manufacturing, automotive, and government sectors. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

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+ Acciones|ABBOT LABORATORIES

Entra en la cartera con un 0.20% de peso.

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. The company offers generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency, irritable bowel syndrome or biliary spasm, intrahepatic cholestasis or depressive symptoms, gynecological disorder, hormone replacement therapy, dyslipidemia, hypertension, hypothyroidism, hypertriglyceridemia, Ménière's disease and vestibular vertigo, pain, fever, inflammation, and migraine, as well as provides anti-infective clarithromycin, influenza vaccine, and products to regulate physiological rhythm of the colon. It also provides laboratory and transfusion medicine systems in the areas of immunoassay, clinical chemistry, hematology, and transfusion serology testing; molecular diagnostics polymerase chain reaction instrument systems that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infectious agents; point of care systems; cartridges for testing blood gas, chemistry, electrolytes, coagulation, and immunoassay; rapid diagnostics lateral flow testing products; molecular point-of-care testing for HIV, SARS-CoV-2, influenza A and B, RSV, and strep A; cardiometabolic test systems; and drug and alcohol test. In addition, the company offers pediatric and adult nutritional products and infant formula; rhythm management, electrophysiology, heart failure, vascular, and structural heart devices for the treatment of cardiovascular diseases; diabetes care products, such as glucose and blood glucose monitoring systems; and neuromodulation devices. The company was formerly known as Abbott Alkaloidal Company and changed its name to Abbott Laboratories in 1915. Abbott Laboratories was founded in 1888 and is based in Abbott Park, Illinois.

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+ Acciones|PALO ALTO NETWORKS INC

Entra en la cartera con un 0.14% de peso.

Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.

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+ Acciones|CORBION V

Entra en la cartera con un 0.10% de peso.

Corbion N.V. provides lactic acid and derivatives, food preservation solutions, functional ingredient systems, and algae-derived nutritional ingredients in the Netherlands, the United States, Asia, rest of Americas, the rest of Europe, the Middle East, and Africa. It operates in two segments, Functional Ingredients & Solutions, and Health & Nutrition. The company offers antioxidants, fermentation and preservation ingredients, flavors, fortification, functional blends, and lactic acid lactates and derivatives; AlgaPrime DHA, an omega-3 sourcing product; AlgaVia which develops foods and beverages with reduced saturated fat content; CALFEED, a dry lactic acid source to boost feed intake for swine or poultry; LAFEED that helps feed intake and digestive health; LAFEED Powder that acts as a preservative and acidulate; PURAC DW, provides an acidifier, preservative, and antimicrobial in teat-dip applications for animals; PURAC Pet food; PURASOLV; and PURASOLV EL. It also provides PURASORB polymers for medical and pharmaceutical industries; PURASOLV solvents; PURALACT B3 for resin and coating performance; personal care products, such as ESTERLAC Emulsifiers and Surfactants, GLUCONAL ZN, PURAC BF/P41, PURAC HiPure 90, PURAC UltraPure, PURACAL PP/USP, PURAMEX ZN, PURASAL MOISTXS, PURASAL NH/COS, PURASAL S/HQ60, and PURASOLV EL; and GLUCONAL, PURAC PF, PURACAL, PURAMEX, and PURASAL S/PF. In addition, the company offers food solutions, including acidification, color retention, decontamination, food safety and preservation, freshness and shelf life, health and nutrition, strengthening conditioning and texturizing, and taste and texture; PURASORB R&D; biochemical specialties solutions comprising solvency, antimicrobial, moisturization, and pharma; and Algae ingredients solutions. The company was formerly known as CSM N.V. and changed its name to Corbion N.V. in October 2013. Corbion N.V. was founded in 1903 and is headquartered in Amsterdam, the Netherlands.

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− CECA

Sale de la cartera; tenia un 1.70% de peso.

− BSCH INTERNACIONAL

Sale de la cartera; tenia un 1.24% de peso.

− VOLKSWAGEN

Sale de la cartera; tenia un 1.04% de peso.

− MC DONALD´S

Sale de la cartera; tenia un 1.04% de peso.

− Acciones|GRIFOLS

Sale de la cartera; tenia un 0.85% de peso.

Grifols, S.A., together with its subsidiaries, engages in the research, development, production, and marketing of plasma-derived medicines in the United States, Canada, Spain, Europe, and internationally. It operates through four segments: Biopharma, Diagnostic, Bio Supplies, and Others. The company offers various hemoderivatives from human plasma for immunology, infectious diseases, hepatology, intensive care, pulmonology, hematology, and neurology treatment areas; and markets diagnostic testing equipment, reagents, and other equipment, as well as provides transfusion medicine, clinical diagnostics, and testing services. It also offers biological products, including albumin, albumin-derived products, immunoglobulins, thrombin, other proteins, and intermediate plasma products to pharma and biotech companies for biopharma use; and whole blood, blood components, processed plasma, and clinical samples to life-science research and in-vitro diagnostic companies for diagnostic use. In addition, the company provides healthcare solutions for hospitals, such as intravenous solutions to maintain or restore fluids and electrolyte balance in patients; high-tech solutions to automate hospital processes; clinical nutrition to deliver nutrition and medication; and medical devices comprising instrumentation and disposable materials for various hospital services, which include interventional neuroradiology, hemodynamics, urology, anesthesiology and cardiovascular surgery, as well as manufacturing services to third parties and research activities. Further, it is involved in engineering services; packaging, labelling, storage, distribution, manufacturing, and development of pharmaceutical products; import, export, and commercialization activities; travel agency services; reinsurance of insurance policies; support services; law business; and consultation, administration, and financing services. The company was founded in 1909 and is headquartered in Barcelona, Spain.

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− BBVA INTERNACIONAL

Sale de la cartera; tenia un 0.81% de peso.

− DEUTSCHE BANK AG

Sale de la cartera; tenia un 0.77% de peso.

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments. The Corporate Bank segment offers cash management services, such as integrated payments and FX solutions; trade finance and lending offerings, including documentary and guarantee business, and structured trade finance and lending; and depository receipts, corporate trust, document custody, and securities services. The Investment Bank segment provides financing solutions in industries and asset classes; institutional sales, trading, and structuring in foreign exchange, rates, emerging markets, and credit trading; liquidity, market making services, and specialized risk management solutions for fixed income and currencies products; and advisory and financial products and services. This segment is also involved in the mergers and acquisitions business; and capital markets businesses in debt and equity. The Private Bank segment offers a range of payment and account services, and credit and deposit products, as well as investment advice, and postal and parcel services; and planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs. The Asset Management segment provides access to investment capabilities in active and passive asset classes comprising Xtrackers range and alternatives; and access to private equity, private credit, real estate, and infrastructure. Deutsche Bank Aktiengesellschaft was incorporated in 1870 and is headquartered in Frankfurt am Main, Germany.

− US TREASURY

Sale de la cartera; tenia un 0.69% de peso.

− MEDIOBANCA SPA

Sale de la cartera; tenia un 0.60% de peso.

Mediobanca Banca di Credito Finanziario S.p.A., together with its subsidiaries, provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally. It operates through Wealth Management, Consumer Finance, Corporate and Investment Banking, Insurance - Principal Investing, and Holding Functions segments. The Wealth Management segment offers portfolio management, asset management, and management services to private banking and premier customers. Its Consumer Finance segment provides a range of consumer credit products, including personal and special-purpose loans, salary-or pension-backed finances, and credit cards, as well as Pagolight, a buy-now-pay-later solution. The Corporate and Investment Banking segment offers lending, capital market, advisory, and trading services; and specialty finance services, such as factoring and credit management services. Its Insurance - Principal Investing segment engages in equity investment and holding activities. The Holding Functions segment is involved in treasury, and asset and liability management operations. The company was founded in 1946 and is headquartered in Milan, Italy. Mediobanca Banca di Credito Finanziario S.p.A. operates as a subsidiary of Banca Monte dei Paschi di Siena S.p.A.

− NATWEST MARKETS PLC

Sale de la cartera; tenia un 0.60% de peso.

− REINO UNIDO

Sale de la cartera; tenia un 0.60% de peso.

− Acciones|ELECTICIDADE DE PORTUGAL SA

Sale de la cartera; tenia un 0.46% de peso.

EDP, S.A. engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments. The company generates and sells electricity through hydro, combined-cycle gas turbine, coal, wind, solar, nuclear, and cogeneration and waste sources. The company is also involved in the supply of natural gas. In addition, it offers engineering, laboratory tests, professional training, and energy services, as well as property management services. The company was formerly known as EDP - Energias de Portugal, S.A. and changed its name to EDP, S.A. in April 2024. The company was incorporated in 1976 and is headquartered in Lisbon, Portugal.

− Acciones|MEDIOBANCA SPA

Sale de la cartera; tenia un 0.31% de peso.

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Transmission, Power Grid, Electrification, and Digital Solutions. The company offers high voltage direct current (HVDC), network component high voltage, submarine power, submarine telecom, offshore specialties, and EOSS high voltage units. It also provides power distribution, overhead lines, high voltage alternate current (HVAC), network component medium voltage/low voltage, EOSS medium voltage/low voltage units. In addition, it offers electrification products; and fiber optics, optical cables, connectivity components and accessories, optical ground wire cables, and copper cables. Further, it manufactures and sells thermoplastic and metal enclosures. Prysmian S.p.A. was founded in 1879 and is headquartered in Milan, Italy.

− Acciones|SWATCH

Sale de la cartera; tenia un 0.28% de peso.

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components in Switzerland, rest of Europe, Greater China, Asia, America, Oceania, and Africa. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. The Electronic Systems segment engages in the design, production, and commercialization of electronic components, as well as sports timing activities. The company is also involved in the provision of assembly, research and development, administration, logistics and distribution, and customer services; and hard material components, microelectronics, watch cases and crowns, miniature low-frequency quartz crystals, thin wires, miniature batteries, watch dials and hands, bracelets, sports timing technology and equipment, precision parts, electronic components assembly, and surface treatment products. In addition, it engages in the patent, retail, communication, real estate, real estate management, finance, reinsurance, and art center businesses. The company offers its watch and jewelry products under the Breguet, Harry Winston, Blancpain, Glashütte Original, Jaquet Droz, Omega, Longines, Rado, Union Glashütte, Tissot, Balmain, Certina, Mido, Hamilton, Swatch, and Flik Flak brands. The Swatch Group AG was founded in 1983 and is headquartered in Biel/Bienne, Switzerland.

− Acciones|ALLFUNDS GROUP PLC

Sale de la cartera; tenia un 0.27% de peso.

Allfunds Group plc, together with its subsidiaries, operates as a B2B WealthTech company that connects fund houses and distributors in the United Kingdom and internationally. It operates through two segments, Net Platform, and Net Subscription and Other Revenues. The company offers Connect, an Allfunds professional workstation; and Nextportfolio, a portfolio management system; and end-investor platform for wealth management needs of asset managers, banks, wealth managers, and insurance companies. It also provides ESG solutions, such as ESG scoring, reporting, portfolio advisory and construction, audit and certification, analysis, investment proposal generator, reporting generator, and monitoring; model portfolio advisory, bespoke reporting, private assets, audit and certification, fund selection, and regulatory implementation services; and Sustainability Navigator, a tool for constructing sustainable investment portfolios in line with SFDR regulation. In addition, the company offers regulatory reporting corner, a specialized platform to provide fund registration, regulatory reporting, and distribution, as well as generate fund regulatory reporting. Further, it provides investment solutions for Distributors and Fund Houses, including Management Company (ManCo) white label services in connection with the creation and distribution of UCITs funds; White Label Fund Hosting Platform that provides supports mutual funds and ETFs; Allfunds Navigator which provides market insights and identify opportunities; and Allfunds Blockchain solutions. The company serves private bank, insurance, asset management, bank, custodian, and other customers. The company was founded in 2000 and is based in London, the United Kingdom.

− Acciones|TARGET CORP

Sale de la cartera; tenia un 0.26% de peso.

Target Corporation operates as a general merchandise retailer in the United States. It offers apparel for women, men, young adults, kids, toddlers, and babies, as well as jewelry, accessories, and shoes; and beauty products, such as skin and bath care, cosmetics, hair care, oral care, deodorant, and shaving products. The company also provides food and beverage products comprising dry and perishable grocery, including snacks, candy, beverages, deli, bakery, meat, produce, and food service; electronics which includes video games and consoles, toys, sporting goods, entertainment, and luggage; bed and bath, home décor, school/office supplies, storage, small appliances, kitchenware, greeting cards, party supplies, furniture, lighting, home improvement, and seasonal merchandise; and household essentials, such as household cleaning, paper products, over-the-counter healthcare, vitamins and supplements, baby gear, and pet supplies. In addition, it sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. The company sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

− Acciones|IMCD NV

Sale de la cartera; tenia un 0.24% de peso.

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives. It offers actives, UV sunscreens, rheology modifiers, thickeners, surfactants, emulsifiers, emollients, film formers, humectants, waxes, conditioners, hair styling polymers, solvent, solubilizers, pigments, pearls, powders and colorants, opacifiers, pearlizers, preservatives, antioxidants, fragrances, and essential oils. In addition, the company provides functional fillers, pigments, resins, and specialty solvents; taste, texture, nutrition, and function; and abrasives, acids, alkalines, anti-soil redeposition and foam control systems, bio-actives, biocides, bittering and bleaching agents, builders, capsules, chelating agents, concentrates/ready-to-use, corrosion and dye transfer inhibitors, disintegrants, dispersants, emulsifiers, enzymes, fluorinated polymers, oleo chemicals, optical brighteners, perfumes, dyes, phosphates, plasticisers, proteins, rheology modifiers and thickeners, silicones, solvents/diluents, TAED, UV-filters, and waxes. Further, it offers base oils; lubricants addictive; lubricants finished fluids; fuel additives; solvents, degreasers, and fuel compounds; and upstream, midstream, and downstream oil, gas, and energy. IMCD N.V. was founded in 1995 and is headquartered in Rotterdam, the Netherlands.

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− Acciones|INTEL CORP

Sale de la cartera; tenia un 0.24% de peso.

Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.

− Acciones|BAIDU INC

Sale de la cartera; tenia un 0.22% de peso.

− Acciones|ALSTOM

Sale de la cartera; tenia un 0.20% de peso.

Alstom SA provides solutions for rail transport industry in Europe, the Americas, the Asia Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter and regional trains, high-speed trains, and locomotives; asset optimization, connectivity, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling. It also provides APM, monorail, tram, metro, and main line systems; and tracklaying and track, catenary free and ground feeding, electrification, cybersecurity, and engineering consultancy solutions, as well as electromechanical equipment. In addition, the company offers rail maintenance, modernization, overhaul, parts, repair and overhauls, and support services. Further, it provides various components, including bogies, motors, dampers, brake friction products, switchgears, traction and auxiliary converters, transformers, green traction solutions, interiors, and train control and information systems. The company offers its products and solutions to original equipment manufacturers, operators, and asset owners. Alstom SA was founded in 1928 and is based in Saint-Ouen, France.

− Acciones|KRAFT

Sale de la cartera; tenia un 0.14% de peso.

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments, sauces, dressings, and spreads; cheese, frozen potato products, and other frozen meals; meal kits, frozen snacks, and pickles; dry packaged desserts, refrigerated ready to eat desserts, and other dessert toppings; ready to drink and powdered beverages, and liquid concentrates; American sliced and recipe cheeses; mainstream coffee, coffee pods, and premium coffee; and cold cuts, bacon, and hot dogs. It offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Capri Sun, Maxwell House, Kool-Aid, Jell-O, ABC, Master, Quero, Golden Circle, Wattie's, Pudliszki, and Plasmon brands, as well as Bagel Bites, Claussen, A1, and Cool Whip. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience, value, and club stores; pharmacies and drug stores; mass merchants; foodservice distributors; institutions, including hotels, restaurants, bakeries, hospitals, health care facilities, and government agencies; and various e-commerce platforms and retailers. The company has a strategic partnership with the National Football League. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

▲ VOLKSWAGEN

Pasa del 0.77% al 1.73%.

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▲ Acciones|ALPHABET

Pasa del 0.93% al 1.48%.

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in Google Play and YouTube; and devices, as well as the provision of YouTube consumer subscription services, such as YouTube TV, YouTube Music and Premium, NFL Sunday Ticket, and Google One. The Google Cloud segment offers consumption-based fees and subscriptions for AI solutions, including AI infrastructure, Vertex AI platform, and Gemini enterprise. It also provides cybersecurity, and data and analytics services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet; and other enterprise services. The Other Bets segment sells transportation and internet services. Alphabet Inc. was incorporated in 1998 and is headquartered in Mountain View, California.

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▲ Acciones|GLENCORE FINANCE EUROPE

Pasa del 0.07% al 0.60%.

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.

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▲ HAMBURG COMMERCIAL B

Pasa del 0.43% al 0.77%.

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▲ EP INFRASTRUCTURE AS

Pasa del 0.59% al 0.89%.

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▲ WESTPAC

Pasa del 0.59% al 0.89%.

Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. It operates through the Consumer, Business & Wealth, Institutional, and New Zealand segments. The company offers bank accounts, home and personal loans, credit cards, international and travel banking services, insurance, superannuation, investments, share trading, margin lending, private banking, and online banking services; savings and transactions accounts, loans and finance, payment solutions, insurance for businesses, foreign exchange and international money transfer, commercial business and industry banking; bank guarantee, business digital wallet, business setup, and business term deposits; and corporate online banking, transaction banking, corporate and structured finance, and trade and supply chain finance services. It serves individuals and consumers; small to medium businesses and commercial and agribusiness customers; high-net-worth individuals; and corporate and institutional and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. Westpac Banking Corporation was founded in 1817 and is headquartered in Sydney, Australia.

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▼ Acciones|ALIBABA GROUP HOLDING LTD

Pasa del 1.19% al 0.80%.

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.

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▼ ABERTIS

Pasa del 2.57% al 2.30%.

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▼ VOLKSWAGEN

Pasa del 1.90% al 1.70%.

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Renta fija

Exposición RF declarada
25.7 M €
% de la cartera
47.3%
Posiciones
52
Emisores
46
Soberano: 3.4 M € Corporativo: 22.3 M €

Escalera de vencimientos

Vencimiento contractual observado de cada posición, sin repos. Vencido/≤3 meses incluye bonos que vencen en los primeros días tras el cierre del periodo.

Vencido o ≤3 meses · 10.5%3-6 meses · 2.0%6-12 meses · 10.6%1-2 años · 29.5%2-5 años · 43.7%5-10 años · 1.9%> 10 años · 1.8%
Vencimiento Posiciones Exposición %
Vencido o ≤3 meses 5 2.7 M € 10.5%
3-6 meses 1 503,804 € 2.0%
6-12 meses 7 2.7 M € 10.6%
1-2 años 14 7.6 M € 29.5%
2-5 años 23 11.2 M € 43.7%
5-10 años 1 493,716 € 1.9%
> 10 años 1 458,038 € 1.8%
Desconocido 0 0 € 0.0%

Top emisores

Los 10 emisores con mayor exposición declarada en este fondo, sin repos.

Emisor Tipo Nº ISIN Exposición Próximo vencimiento
VOLKSWAGEN Corporativo 3 2.4 M € 2026-10-16
République Française Soberano 2 1.5 M € 2026-01-14
ABERTIS Corporativo 1 1.2 M € 2028-02-07
United States Treasury Soberano 2 1.2 M € 2027-11-15
GAZPROM Corporativo 2 1.0 M € 2027-06-29
BBVA INTERNACIONAL Corporativo 2 1.0 M € 2027-02-10
HOCHTIEF AG Corporativo 1 838,555 € 2030-05-31
ALTRIA Corporativo 1 793,560 € 2027-06-15
CANADIAN IMPERIAL BA Corporativo 1 618,350 € 2029-07-09
STANDARD CHARTERED Corporativo 1 594,265 € 2027-02-19

Top instrumentos

Los 10 instrumentos con mayor exposición declarada. Sin yield, TIR ni rating: no hay dato fiable para calcularlos.

ISIN Cupón Vencimiento Exposición
XS2113911387 ABERTIS 1.25% 2028-02-07 1.2 M €
FR0128983980 République Française 2.02% 2026-01-14 997,295 €
XS2234567233 VOLKSWAGEN 0.88% 2028-09-22 937,363 €
XS2491738949 VOLKSWAGEN 3.75% 2027-09-28 920,021 €
US912810FB99 United States Treasury 3.06% 2027-11-15 848,860 €
DE000A383EL9 HOCHTIEF AG 4.25% 2030-05-31 838,555 €
XS1843443190 ALTRIA 2.20% 2027-06-15 793,560 €
XS2291819980 GAZPROM 1.48% 2029-01-27 635,637 €
XS2856773606 CANADIAN IMPERIAL BA 3.81% 2029-07-09 618,350 €
XS1480699641 STANDARD CHARTERED 2.15% 2027-02-19 594,265 €

Divisas

Exposición RF por divisa del instrumento.

Divisa Exposición %
EUR 19.3 M € 75.1%
USD 5.6 M € 21.8%
GBP 806,118 € 3.1%

Movimientos de renta fija del periodo

Compara la cartera RF actual con la del periodo anterior, por ISIN. Una salida coincidente con vencimiento no es una venta: el bono llegó a su fecha contractual.

Nuevas posiciones: 18 Salidas por vencimiento: 7 Salidas no explicadas por vencimiento: 2
+ REPUBLICA DE FRANCIA

Entra en la cartera con un 1.84% de peso.

+ CANADIAN IMPERIAL BA

Entra en la cartera con un 1.14% de peso.

+ ERSTE&STEIERMAR BANK

Entra en la cartera con un 0.96% de peso.

+ BBVA INTERNACIONAL

Entra en la cartera con un 0.93% de peso.

+ REPUBLICA DE FRANCIA

Entra en la cartera con un 0.92% de peso.

+ KBC GROUP NV

Entra en la cartera con un 0.91% de peso.

+ IBERDROLA INTERNACIO

Entra en la cartera con un 0.84% de peso.

+ NATIONAL GRID TRANSC

Entra en la cartera con un 0.76% de peso.

+ DEUTSCHE BANK AG

Entra en la cartera con un 0.75% de peso.

+ PETROLEOS MEXICANOS

Entra en la cartera con un 0.74% de peso.

+ REINO DE ESPAÑA

Entra en la cartera con un 0.73% de peso.

+ REINO UNIDO

Entra en la cartera con un 0.64% de peso.

+ US TREASURY

Entra en la cartera con un 0.62% de peso.

+ ZEGONA COMMUNICATION

Entra en la cartera con un 0.58% de peso.

+ TELEPERFORMANCE

Entra en la cartera con un 0.58% de peso.

+ ENBW INTERNATIONAL F

Entra en la cartera con un 0.58% de peso.

+ CREDIT MUTUEL ARKEA

Entra en la cartera con un 0.55% de peso.

+ PROSEGUR CASH SA

Entra en la cartera con un 0.55% de peso.

− BSCH INTERNACIONAL

Sale de la cartera; tenía un 1.24% de peso.

− DEUTSCHE BANK AG

Sale de la cartera; tenía un 0.77% de peso.

◦ VOLKSWAGEN

Sale de la cartera; tenía un 1.04% de peso.

◦ MC DONALD´S

Sale de la cartera; tenía un 1.04% de peso.

◦ BBVA INTERNACIONAL

Sale de la cartera; tenía un 0.81% de peso.

◦ US TREASURY

Sale de la cartera; tenía un 0.69% de peso.

◦ MEDIOBANCA SPA

Sale de la cartera; tenía un 0.60% de peso.

◦ NATWEST MARKETS PLC

Sale de la cartera; tenía un 0.60% de peso.

◦ REINO UNIDO

Sale de la cartera; tenía un 0.60% de peso.

Aviso

Esto no es asesoramiento financiero. La cartera procede del informe periodico que el fondo presenta en la CNMV y llega con retraso respecto al cierre real del periodo: es una foto del final de cada semestre, no la cartera en tiempo real.