| Name of security | Currency | Quantity (number or nominal value) | Current value | % of net assets |
| --- | --- | --- | --- | --- |
| Bonds and equivalent securities |  |  |  |  |
| Bonds and equivalent securities traded on a regulated or equivalent market |  |  |  |  |
| GERMANY |  |  |  |  |
| VONOVIA SE 0.0% 01-09-23 EMTN | EUR | 26,300,000 | 26,392,181.50 | 0.31 |
| TOTAL GERMANY |  |  | 26,392,181.50 | 0.31 |
| BELGIUM |  |  |  |  |
| KBCBB 0 3/4 03/01/22 | EUR | 9,900,000 | 9,981,987.60 | 0.11 |
| TOTAL BELGIUM |  |  | 9,981,987.60 | 0.11 |
| CANADA |  |  |  |  |
| DAIMLER CANADA FINANCE E3R+0.7% 11-09-22 | EUR | 12,900,000 | 12,953,655.04 | 0.14 |
| TOTAL CANADA |  |  | 12,953,655.04 | 0.14 |
| SPAIN |  |  |  |  |
| BANCO NTANDER 1.375% 09-02-22 | EUR | 14,700,000 | 14,910,290.55 | 0.17 |
| BANCO NTANDER E3R+0.75% 28-03-23 | EUR | 12,200,000 | 12,298,320.48 | 0.14 |
| BANCO NTANDER E3R+1.02% 21-03-22 | EUR | 12,600,000 | 12,628,472.85 | 0.14 |
| BBVA E3R+0.6% 09-03-23 EMTN | EUR | 55,300,000 | 55,614,403.54 | 0.64 |
| BBVA E3R+1.0% 09-09-23 EMTN | EUR | 74,700,000 | 75,865,973.63 | 0.86 |
| BBVASM 0 5/8 01/17/22 | EUR | 11,400,000 | 11,472,980.30 | 0.13 |
| IBERDROLA FINANZAS SAU E3R+0.65% 28-04-23 | EUR | 30,000,000 | 30,213,450.00 | 0.35 |
| NT CONS FIN 0.875% 24-01-22 | EUR | 11,500,000 | 11,604,312.88 | 0.13 |
| NT CONS FIN E3R+0.6% 25-02-22 | EUR | 22,800,000 | 22,820,456.67 | 0.26 |
| TOTAL SPAIN |  |  | 247,428,660.90 | 2.82 |
| UNITED STATES |  |  |  |  |
| ATT 0.0% 01-04-22 EMTN | EUR | 75,000,000 | 75,102,750.00 | 0.86 |
| BK AME 0.75% 26-07-23 EMTN | EUR | 18,000,000 | 18,324,108.49 | 0.20 |
| BK AMERICA E3R+0.78% 04-05-23 | EUR | 26,700,000 | 26,769,722.60 | 0.31 |
| CITIGROUP GLOBAL MKTS ZCP 08-06-22 | EUR | 50,000,000 | 50,113,350.00 | 0.57 |
| TOTAL UNITED STATES |  |  | 170,309,931.09 | 1.94 |
| FRANCE |  |  |  |  |
| BFCM BANQUE FEDERATIVE CREDIT MUTUEL 0.75% 15-06-23 | EUR | 10,500,000 | 10,703,579.18 | 0.12 |
| BN 1.125% 15-01-23 EMTN | EUR | 40,000,000 | 41,104,273.97 | 0.47 |
| BNP PAR E3R+0.62% 22-05-23 | EUR | 12,618,000 | 12,709,784.73 | 0.14 |
| BNP PAR E3R+0.85% 22-09-22 | EUR | 5,000,000 | 5,028,466.11 | 0.06 |
| BPCE 1.125% 18-01-23 EMTN | EUR | 7,800,000 | 8,007,280.19 | 0.09 |
| BPCE E3R+0.5% 23-03-23 EMTN | EUR | 6,800,000 | 6,838,590.00 | 0.08 |
| BPCE E3R+0.7% 02-09-22 EMTN | EUR | 40,000,000 | 40,177,151.11 | 0.46 |
| ENGIE 3% 02/23 | EUR | 5,399,000 | 5,755,375.42 | 0.07 |
| HSBC CONTINENTAL EUROPE E3R+1.0% 26-11-23 | EUR | 25,000,000 | 25,439,670.83 | 0.29 |
| SANOFI 0.0% 21-03-22 EMTN | EUR | 12,400,000 | 12,409,238.00 | 0.15 |
| SG 1.0% 01-04-22 EMTN | EUR | 17,400,000 | 17,595,392.47 | 0.20 |
| SG E3R+0.45% 06-03-23 EMTN | EUR | 11,600,000 | 11,662,176.00 | 0.13 |
| SG E3R+0.85% 01-04-22 EMTN | EUR | 4,500,000 | 4,512,228.75 | 0.05 |
| SG OISEST+0.085% 29-06-22 EMTN | EUR | 140,000,000 | 139,652,934.09 | 1.59 |
| ST GOBAIN 3.625% 28/03/2022 | EUR | 4,000,000 | 4,148,261.10 | 0.04 |
| THALES 0.0% 31-05-22 EMTN | EUR | 29,400,000 | 29,442,189.00 | 0.33 |

Translation (ENES, 2021-12-30):
| Denominación de los valores | Divisa | Cantidad n.º o nominal | Valor actual | % del patrimonio neto |
| --- | --- | --- | --- | --- |
| Obligaciones y valores equivalentes |  |  |  |  |
| Obligaciones y valores equivalentes negociados en un mercado regulado o equivalente |
| ALEMANIA |  |  |  |  |
| VONOVIA SE 0,0 % 01/09/2023 EMTN | EUR | 26.300.000 | 26.392.181,50 | 0,31 |
| TOTAL ALEMANIA |  |  | 26.392.181,50 | 0,31 |
| BÉLGICA |  |  |  |  |
| KBCBB 0 3/4 03/01/22 | EUR | 9.900.000 | 9.981.987,60 | 0,11 |
| TOTAL BÉLGICA |  |  | 9.981.987,60 | 0,11 |
| CANADÁ |  |  |  |  |
| DAIMLER CANADA FINANCE E3R+0,7 % 11/09/2022 | EUR | 12.900.000 | 12.953.655,04 | 0,14 |
| TOTAL CANADÁ |  |  | 12.953.655,04 | 0,14 |
| ESPAÑA |  |  |  |  |
| BANCO NTANDER 1,375 % 09/02/2022 | EUR | 14.700.000 | 14.910.290,55 | 0,17 |
| BANCO NTANDER E3R+0,75 % 28/03/2023 | EUR | 12.200.000 | 12.298.320,48 | 0,14 |
| BANCO NTANDER E3R+1,02 % 21/03/2022 | EUR | 12.600.000 | 12.628.472,85 | 0,14 |
| BBVA E3R+0,6 % 09/03/2023 EMTN | EUR | 55.300.000 | 55.614.403,54 | 0,64 |
| BBVA E3R+1,0 % 09/09/2023 EMTN | EUR | 74.700.000 | 75.865.973,63 | 0,86 |
| BBVASM 0 5/8 01/17/22 | EUR | 11.400.000 | 11.472.980,30 | 0,13 |
| IBERDROLA FINANZAS SAU E3R+0,65 % 28/04/2023 | EUR | 30.000.000 | 30.213.450,00 | 0,35 |
| NT CONS FIN 0,875 % 24/01/2022 | EUR | 11.500.000 | 11.604.312,88 | 0,13 |
| NT CONS FIN E3R+0,6 % 25/02/2022 | EUR | 22.800.000 | 22.820.456,67 | 0,26 |
| TOTAL ESPAÑA |  |  | 247.428.660,90 | 2,82 |
| ESTADOS UNIDOS |  |  |  |  |
| ATT 0,0 % 01/04/2022 EMTN | EUR | 75.000.000 | 75.102.750,00 | 0,86 |
| BK AME 0,75 % 26/07/2023 EMTN | EUR | 18.000.000 | 18.324.108,49 | 0,20 |
| BK AMERICA E3R+0,78 % 04/05/2023 | EUR | 26.700.000 | 26.769.722,60 | 0,31 |
| CITIGROUP GLOBAL MKTS ZCP 08-06-22 | EUR | 50.000.000 | 50.113.350,00 | 0,57 |
| TOTAL ESTADOS UNIDOS |  |  | 170.309.931,09 | 1,94 |
| FRANCIA |  |  |  |  |
| BFCM BANQUE FEDERATIVE CREDIT MUTUEL 0,75 % 15/06/2023 | EUR | 10.500.000 | 10.703.579,18 | 0,12 |
| BN 1,125 % 15-01-23 EMTN | EUR | 40.000.000 | 41.104.273,97 | 0,47 |
| BNP PAR E3R+0,62 % 22/05/2023 | EUR | 12.618.000 | 12.709.784,73 | 0,14 |
| BNP PAR E3R+0,85 % 22/09/2022 | EUR | 5.000.000 | 5.028.466,11 | 0,06 |
| BPCE 1,125 % 18/01/2023 EMTN | EUR | 7.800.000 | 8.007.280,19 | 0,09 |
| BPCE E3R+0,5 % 23/03/2023 EMTN | EUR | 6.800.000 | 6.838.590,00 | 0,08 |
| BPCE E3R+0,7 % 02/09/2022 EMTN | EUR | 40.000.000 | 40.177.151,11 | 0,46 |
| ENGIE 3 % 02/23 | EUR | 5.399.000 | 5.755.375,42 | 0,07 |
| HSBC CONTINENTAL EUROPE E3R+1,0 % 26/11/2023 | EUR | 25.000.000 | 25.439.670,83 | 0,29 |
| SANOFI 0,0 % 21/03/2022 EMTN | EUR | 12.400.000 | 12.409.238,00 | 0,15 |
| SG 1,0 % 01/04/2022 EMTN | EUR | 17.400.000 | 17.595.392,47 | 0,20 |
| SG E3R+0,45 % 06/03/2023 EMTN | EUR | 11.600.000 | 11.662.176,00 | 0,13 |
| SG E3R+0,85 % 01/04/2022 EMTN | EUR | 4.500.000 | 4.512.228,75 | 0,05 |
| SG OISEST+0,085 % 29/06/2022 EMTN | EUR | 140.000.000 | 139.652.934,09 | 1,59 |
| ST GOBAIN 3.625 % 28/03/2022 | EUR | 4.000.000 | 4.148.261,10 | 0,04 |
| THALES 0,0 % 31/05/2022 EMTN | EUR | 29.400.000 | 29.442.189,00 | 0,33 |