| Name of security | Currency | Quantity (number or nominal value) | Current value | % of net assets |
| --- | --- | --- | --- | --- |
| VEOLIA ENVIRONNEMENT SA 170122 FIX 0.0 | EUR | 12,000,000 | 12,003,911.27 | 0.13 |
| VEOLIA ENVIRONNEMENT SA 240122 FIX 0.0 | EUR | 10,000,000 | 10,004,602.12 | 0.11 |
| TOTAL FRANCE |  |  | 2,565,419,524.62 | 29.23 |
| IRELAND |  |  |  |  |
| DXC CAPITAL FUNDING LTD 120422 FIX 0.0 | EUR | 4,400,000 | 4,406,099.66 | 0.05 |
| FRESENIUS FINANCE IRELAND PLC 130122 FIX 0.0 | EUR | 2,000,000 | 2,000,220.30 | 0.03 |
| FRESENIUS FINANCE IRELAND PLC 250222 FIX 0.0 | EUR | 2,000,000 | 2,000,942.18 | 0.02 |
| TOTAL IRELAND |  |  | 8,407,262.14 | 0.10 |
| ITALY |  |  |  |  |
| ITAL BUON ORDI DEL ZCP 31-03-22 | EUR | 100,000,000 | 100,189,332.79 | 1.14 |
| ITAL BUON ORDI DEL ZCP 31-05-22 | EUR | 50,000,000 | 50,138,252.61 | 0.57 |
| ITALY ZCP 29-04-22 | EUR | 150,000,000 | 150,317,757.12 | 1.72 |
| SNAM SPA 030222 FIX 0.0 | EUR | 5,000,000 | 5,002,579.66 | 0.06 |
| SNAM SPA 090322 FIX 0.0 | EUR | 25,000,000 | 25,026,070.21 | 0.28 |
| SNAM SPA 130122 FIX 0.0 | EUR | 4,000,000 | 4,000,789.54 | 0.05 |
| SNAM SPA 160322 FIX 0.0 | EUR | 6,000,000 | 6,006,974.35 | 0.07 |
| SNAM SPA 250522 FIX 0.0 | EUR | 19,000,000 | 19,041,038.46 | 0.21 |
| TRASMISSIONE E 040222 FIX 0.0 | EUR | 39,500,000 | 39,516,135.76 | 0.45 |
| TOTAL ITALY |  |  | 399,238,930.50 | 4.55 |
| LUXEMBOURG |  |  |  |  |
| ARCELORMITTAL 090222 FIX 0.0 | EUR | 2,000,000 | 2,000,846.58 | 0.02 |
| ARCELORMITTAL 150222 FIX 0.0 | EUR | 33,000,000 | 33,015,820.08 | 0.38 |
| ARCELORMITTAL 230322 FIX 0.0 | EUR | 7,000,000 | 7,003,266.95 | 0.08 |
| ARCELORMITTAL 280222 FIX 0.0 | EUR | 7,000,000 | 7,004,282.90 | 0.08 |
| TOTAL LUXEMBOURG |  |  | 49,024,216.51 | 0.56 |
| NETHERLANDS |  |  |  |  |
| AKZO NOBEL NV 140322 FIX 0.0 | EUR | 20,000,000 | 20,024,635.36 | 0.23 |
| AKZO NOBEL NV 250422 FIX 0.0 | EUR | 4,400,000 | 4,408,548.30 | 0.05 |
| DE VOLKSBANK NV 260122 FIX 0.0 | EUR | 30,000,000 | 30,013,662.72 | 0.34 |
| DE VOLKSBANK NV ZCP 17-05-22 | EUR | 30,000,000 | 30,059,690.70 | 0.34 |
| ENEL FINANCE INTERNATIONAL NV 280122 FIX 0.0 | EUR | 3,000,000 | 3,000,933.62 | 0.03 |
| IBERDROLA INTERNATIONAL 100522 FIX 0.0 | EUR | 15,000,000 | 15,030,122.87 | 0.17 |
| IBERDROLA INTERNATIONAL BV 010222 FIX 0.0 | EUR | 15,000,000 | 15,007,366.28 | 0.17 |
| IBERDROLA INTERNATIONAL BV 110422 FIX 0.0 | EUR | 12,500,000 | 12,520,049.75 | 0.15 |
| IBERDROLA INTERNATIONAL BV 120122 FIX 0.0 | EUR | 9,500,000 | 9,501,749.91 | 0.11 |
| REPSOL INTERNATIONAL FINANCE BV 020222 FIX 0.0 | EUR | 16,500,000 | 16,508,409.25 | 0.19 |
| REPSOL INTERNATIONAL FINANCE BV 020322 FIX 0.0 | EUR | 16,500,000 | 16,515,657.53 | 0.19 |
| REPSOL INTERNATIONAL FINANCE BV 030122 F | EUR | 10,000,000 | 10,000,462.94 | 0.11 |
| TELEFONICA EUROPE BV 150322 FIX 0.0 | EUR | 50,000,000 | 50,057,621.88 | 0.57 |
| TOTAL NETHERLANDS |  |  | 232,648,911.11 | 2.65 |
| PORTUGAL |  |  |  |  |
| REN-REDES ENERGETICAS NACIONAI 200122 FI | EUR | 22,000,000 | 22,006,296.25 | 0.25 |
| TOTAL PORTUGAL |  |  | 22,006,296.25 | 0.25 |
| UNITED KINGDOM |  |  |  |  |
| BARC B OISEST+0.1% 31-12-21 | EUR | 46,000,000 | 45,789,278.29 | 0.52 |
| CREDIT SUISSE AG LONDON BRANCH 311221 FIX 0.0 | EUR | 50,000,000 | 50,000,000.00 | 0.57 |

Translation (ENES, 2021-12-30):
| Denominación de los valores | Divisa | Cantidad n.º o nominal | Valor actual | % del patrimonio neto |
| --- | --- | --- | --- | --- |
| VEOLIA ENVIRONNEMENT SA 170122 FIX 0.0 | EUR | 12.000.000 | 12.003.911,27 | 0,13 |
| VEOLIA ENVIRONNEMENT SA 240122 FIX 0.0 | EUR | 10.000.000 | 10.004.602,12 | 0,11 |
| TOTAL FRANCIA |  |  | 2.565.419.524,62 | 29,23 |
| IRLANDA |  |  |  |  |
| DXC CAPITAL FUNDING LTD 120422 FIX 0.0 | EUR | 4.400.000 | 4.406.099,66 | 0,05 |
| FRESENIUS FINANCE IRELAND PLC 130122 FIX 0,0 | EUR | 2.000.000 | 2.000.220,30 | 0,03 |
| FRESENIUS FINANCE IRELAND PLC 250222 FIX 0,0 | EUR | 2.000.000 | 2.000.942,18 | 0,02 |
| TOTAL IRLANDA |  |  | 8.407.262,14 | 0,10 |
| ITALIA |  |  |  |  |
| ITAL BUON ORDI DEL ZCP 31-03-22 | EUR | 100.000.000 | 100.189.332,79 | 1,14 |
| ITAL BUON ORDI DEL ZCP 31-05-22 | EUR | 50.000.000 | 50.138.252,61 | 0,57 |
| ITALY ZCP 29/04/2022 | EUR | 150.000.000 | 150.317.757,12 | 1,72 |
| SNAM SPA 030222 FIX 0.0 | EUR | 5.000.000 | 5.002.579,66 | 0,06 |
| SNAM SPA 090322 FIX 0.0 | EUR | 25.000.000 | 25.026.070,21 | 0,28 |
| SNAM SPA 130122 FIX 0.0 | EUR | 4.000.000 | 4.000.789,54 | 0,05 |
| SNAM SPA 160322 FIX 0.0 | EUR | 6.000.000 | 6.006.974,35 | 0,07 |
| SNAM SPA 250522 FIX 0.0 | EUR | 19.000.000 | 19.041.038,46 | 0,21 |
| TRASMISSIONE E 040222 FIX 0,0 | EUR | 39.500.000 | 39.516.135,76 | 0,45 |
| TOTAL ITALIA |  |  | 399.238.930,50 | 4,55 |
| LUXEMBURGO |  |  |  |  |
| ARCELORMITTAL 090222 FIX 0,0 | EUR | 2.000.000 | 2.000.846,58 | 0,02 |
| ARCELORMITTAL 150222 FIX 0,0 | EUR | 33.000.000 | 33.015.820,08 | 0,38 |
| ARCELORMITTAL 230322 FIX 0,0 | EUR | 7.000.000 | 7.003.266,95 | 0,08 |
| ARCELORMITTAL 280222 FIX 0,0 | EUR | 7.000.000 | 7.004.282,90 | 0,08 |
| TOTAL LUXEMBURGO |  |  | 49.024.216,51 | 0,56 |
| PAÍSES BAJOS |  |  |  |  |
| AKZO NOBEL NV 140322 FIX 0.0 | EUR | 20.000.000 | 20.024.635,36 | 0,23 |
| AKZO NOBEL NV 250422 FIX 0.0 | EUR | 4.400.000 | 4.408.548,30 | 0,05 |
| DE VOLKSBANK NV 260122 FIX 0.0 | EUR | 30.000.000 | 30.013.662,72 | 0,34 |
| DE VOLKSBANK NV ZCP 17/05/2022 | EUR | 30.000.000 | 30.059.690,70 | 0,34 |
| ENEL FINANCE INTERNATIONAL NV 280122 FIX 0.0 | EUR | 3.000.000 | 3.000.933,62 | 0,03 |
| IBERDROLA INTERNATIONAL 100522 FIX 0.0 | EUR | 15.000.000 | 15.030.122,87 | 0,17 |
| IBERDROLA INTERNATIONAL BV 010222 FIX 0.0 | EUR | 15.000.000 | 15.007.366,28 | 0,17 |
| IBERDROLA INTERNATIONAL BV 110422 FIX 0.0 | EUR | 12.500.000 | 12.520.049,75 | 0,15 |
| IBERDROLA INTERNATIONAL BV 120122 FIX 0.0 | EUR | 9.500.000 | 9.501.749,91 | 0,11 |
| REPSOL INTERNATIONAL FINANCE BV 020222 FIX 0.0 | EUR | 16.500.000 | 16.508.409,25 | 0,19 |
| REPSOL INTERNATIONAL FINANCE BV 020322 FIX 0.0 | EUR | 16.500.000 | 16.515.657,53 | 0,19 |
| REPSOL INTERNATIONAL FINANCE BV 030122 F | EUR | 10.000.000 | 10.000.462,94 | 0,11 |
| TELEFONICA EUROPE BV 150322 FIX 0.0 | EUR | 50.000.000 | 50.057.621,88 | 0,57 |
| TOTAL PAÍSES BAJOS |  |  | 232.648.911,11 | 2,65 |
| PORTUGAL |  |  |  |  |
| REN-REDES ENERGETICAS NACIONAI 200122 FI | EUR | 22.000.000 | 22.006.296,25 | 0,25 |
| TOTAL PORTUGAL |  |  | 22.006.296,25 | 0,25 |
| REINO UNIDO |  |  |  |  |
| BARC B OISEST+0,1 % 31/12/2021 | EUR | 46.000.000 | 45.789.278,29 | 0,52 |
| CREDIT SUISSE AG LONDON BRANCH 311221 FIX 0.0 | EUR | 50.000.000 | 50.000.000,00 | 0,57 |