OVHaiLLM/Flipper huggingface dataset:
# Investment Policy
## Investment Objective
The Fund aims to provide a high total return for a suitable long -term appreciation of the investor's capital. The Fund's approach is to invest in large-capitalised Japanese companies within the Tokyo Stock Price Index focusing on stocks with a low Price to Book Ratio and a high
dividend yield. The Investment Manager selects stocks for investment from approximately the top 300 stocks by market capitalisation in the Tokyo market.

## Type of Assets
The Fund will be investing primarily in listed or traded shares of issuers in Japan, or which derive a substantial part of their revenue from
Japan. It may also invest in other asset classes, including debt
securities, currencies, deposits, and other Funds and in other regions. The Fund may use financial derivative instruments where it is more economically effective than holding the underlying asset or for other efficient portfolio management purposes.

## Benchmark Degree of Freedom
The Fund is actively managed and does not intend to track either the Tokyo Stock Price Index or the Russell/Nomura Large Cap Value Index (the 'Russell Benchmark') and is not constrained by them. The Russell
Benchmark is used for risk management purposes to ensure that the Fund is managed in a manner consistent with its investment objective
and risk profile. Both benchmarks are used for performance comparison purposes.
Please refer to the Fund’s Prospectus /Offering documents for
additional details regarding the Investment policy.

Translation (ENES, 2023-11-30):
# Política de inversión
## Objetivo de inversión
El Fondo trata de proporcionar una alta rentabilidad total para una adecuada apreciación a largo plazo del capital del inversor. El enfoque del Fondo consiste en invertir en empresas japonesas de gran
capitalización dentro del índice Tokyo Stock Price, cen trándose en valores con un ratio precio/valor contable bajo y un alto rendimiento por dividendo. La Gestora de inversiones selecciona valores para la inversión de, aproximadamente, las 300 principales acciones por
capitalización bursátil en el mercado de T okio.

## Tipo de Activos
El Fondo invertirá fundamentalmente en acciones cotizadas o negociadas de emisores japoneses, o que obtengan una parte
considerable de sus ingresos en Japón. Asimismo, puede invertir en otras clases de activos, como valores de deuda, divisas, depósitos y otros fondos, además de en otras regiones. El Fondo podrá utilizar
instrumentos financieros derivados cuando resulte más económico que mantener el activo subyacente o con otros fines de gestión eficiente de la cartera.

## Grado de libertad del índice de referencia
El Fondo se gestiona de forma activa y no tiene previsto replicar el índice Tokyo Stock Price ni el índice Russell/Nomura Large Cap Value
(el Índice de referencia Russell), y no está limitado por ellos. El Fondo utiliza el Índice de referencia Russell a efectos de gestión de riesgos para garantizar que el Fondo se gestione de manera acorde con su objetivo de inversión y su perfil de riesgo. Ambos Índices de referencia también se utilizan a efectos de comparación de rentabilidad.
# SYNTHETIC RISK & REWARD INDICATOR (SRRI)
Lower Risk	Higher Risk 
Typically Lower Rewards	Typically Higher Rewards
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

See Glossary for an explanation of the SRRI Calculation

Translation (ENES, 2022-10-28):
# INDICADOR SINTÉTICO DE RIESGO Y RECOMPENSA (SRRI)
### Menor riesgo	Mayor riesgo 

### Remuneraciones normalmente menores	Remuneraciones normalmente mayores
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


### Consulte el Glosario para obtener una explicación acerca del cómo se calcula el SRRI
# Investment Policy
## Investment Objective
The Fund seeks to achieve medium-term capital growth while
restricting the associated risks, by trading a diversified portfolio of
Investments. It aims to perform independently of traditional stock and bond investments thereby providing valuable diversification benefits and enhancing the risk/reward profile of a traditional investment
portfolio.

## Type of Assets
To achieve its investment objective, the Fund employs a systematic, statistically based investment approach that is predominantly designed to identify and capitalise on upward and downward price trends across global markets. The Fund currently invests in over 100 international markets across a broad range of sectors. In particular, it invests in a
varied portfolio of instruments including, without lim itation, futures and forward contracts. These markets may be accessed directly or
Index Value (Rebased to 100)
indirectly and include, without limitation, stocks, bonds, currencies and short-term interest rates.

## Benchmark Degree of Freedom
The Sub-Fund is actively managed; no benchmark is used as a universe for selection or for performance comparison purposes.
Please refer to the Fund’s Prospectus /Offering documents for
additional details regarding the Investment policy.

Translation (ENES, 2023-12-29):
# Política de inversión
## Objetivo de inversión
El fondo trata de lograr un crecimiento del capital a medio plazo, limitando al mismo tiempo los riesgos asociados, mediante la
negociación de una cartera diversificada de inversiones. Su objetivo es funcionar de forma independiente respecto de las inversiones
tradicionales en acciones y bonos, proporcionando así valiosos beneficios de diversificación y mejorando el perfil de
rentabilidad/riesgo de una cartera de inversión tradicional.

## Tipo de Activos
Para lograr su objetivo de inversión, el fondo emplea un enfoque de inversión sistemático y basado en estadísticas que está diseñado
principalmente para identificar y capitalizar las tendencias de precios al alza y a la baja en los mercados globales. El fo ndo invierte
actualmente en más de 100 mercados internacionales en una amplia gama de sectores. En particular, invierte en una variada cartera de instrumentos que incluye, a título ilustrativo, contratos de futuros y
forwards. A estos mercados se puede acceder directa o indirectamente e incluyen, a título ilustrativo, acciones, bonos, divisas y tipos de
interés a corto plazo.

## Grado de libertad del índice de referencia
El subfondo se gestiona activamente; no se utiliza ningún índice de referencia como universo de selección ni a efectos de comparación de la rentabilidad.
# Investment Policy
## Investment Objective
The Fund is a long-only, all-cap European equity Fund that invests in some of Europe’s strongest companies through a focused, bottom -up research approach that typically invests in a concentrated portfolio of 25-35 stocks. The Investment Manager, through the application of detailed screening criteria, seeks to invest in companies which are either established market leaders in their industries or which
demonstrate a competitive advantage in new and underdeveloped markets with most of the portfolio invested in the former.

## Type of Assets
In addition to equities, the Fund may also invest up to one third in several other assets including money market instruments, debt
securities, other funds, cash and other liquid assets. It may actively use financial derivative instruments to achieve the investment objective.

## Benchmark Degree of Freedom
The Fund is actively managed. It does not intend to track the MSCI
Index Value (Rebased to 100)
Europe Index and is not constrained by it. The Benchmark is being used for risk management purposes to ensure that it is managed in a manner
consistent with its investment objective and risk profile. The benchmark is also used for performance comparisons.
Please refer to the Fund’s Prospectus /Offering documents for
additional details regarding the Investment policy.

Translation (ENES, 2023-11-30):
# Política de inversión
## Objetivo de inversión
El Fondo es un fondo de renta variable europea de todo tipo de capitalizaciones y solo a largo plazo. Invierte en algunas de las
empresas más sólidas de Europa a través de un enfoque de análisis centrado y ascendente; normalmente en una cartera concentrada de 25 a 35 valores. La Gestora de inversiones, mediante la aplicación de
criterios de selección pormenorizados, tratará de invertir en empresas que sean líderes consolidados del mercado en sus sectores de actividad o que presenten una ventaja competitiva en mercados nuevos y subdesarrollados, invirtiendo la mayoría de la cartera en las primeras.

## Tipo de Activos
Además de los valores de renta variable, el Fondo también podrá
invertir hasta un tercio de su patrimonio en varios activos, entre ellos, instrumentos del mercado monetario, títulos de deuda, otros fondos, efectivo y otros activos líquidos. Puede utilizar activamente
instrumentos financieros derivados para alcanzar el objetivo de inversión.

## Grado de libertad del índice de referencia
El Fondo se gestiona de forma activa. No tiene previsto replicar el
índice MSCI Europe y no está limitado por él. El Índice de referencia se
utiliza a efectos de gestión de riesgos para garantizar que se gestione de manera acorde con su objetivo de inversión y su perfil de riesgo. El Índice de referencia también se utiliza para la comparación de
rentabilidad.
| Annualised Return | Annualised Volatility | Sharpe Ratio3 | Correlation | Beta | Information Ratio | Tracking Error |
| --- | --- | --- | --- | --- | --- | --- |
| 8.23% | 17.61% | 0.46 | n/a | n/a | n/a | n/a |
| 6.91% | 14.50% | 0.47 | 0.81 | 0.98 | 0.13 | 10.32% |

Translation (ENES, 2023-11-30):
| Rentabilida d anualizada | Volatilidad anualizada | Ratio de Sharpe3 | Correlació n | Beta | Relación de información | Error de seguimien to |
| --- | --- | --- | --- | --- | --- | --- |
| 8,23% | 17,61% | 0,46 | n/a | n/a | n/a | n/a |
| 6,91% | 14,50% | 0,47 | 0,81 | 0,98 | 0,13 | 10,32% |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Fund YTD | BM YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2016 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 3.14% | 3.14% | 4.96% |
| 2017 | 0.60% | 2.18% | 3.02% | 5.30% | 2.51% | -2.75% | 3.08% | 0.34% | 2.81% | 1.55% | -1.84% | 0.57% | 18.50% | 10.24% |
| 2018 | 5.47% | -1.06% | -1.20% | 2.52% | 4.01% | -0.33% | -1.01% | 1.49% | -4.01% | -8.80% | -3.72% | -8.77% | -15.35% | -10.57% |
| 2019 | 10.90% | 5.35% | 2.69% | 5.30% | -4.24% | 3.36% | -0.09% | -2.45% | 1.04% | 2.80% | 6.60% | 3.32% | 39.45% | 26.05% |
| 2020 | 0.32% | -7.95% | -7.07% | 10.62% | 7.13% | 2.51% | 0.63% | 2.86% | 1.14% | -4.60% | 7.04% | 7.76% | 20.10% | -3.32% |
| 2021 | -1.70% | -0.15% | 1.25% | 5.13% | 1.25% | 2.86% | 3.48% | 2.59% | -6.61% | 7.55% | -0.96% | 1.95% | 17.18% | 25.13% |
| 2022 | -12.51% | -5.64% | -0.45% | -2.74% | -5.34% | -6.44% | 13.14% | -8.03% | -8.26% | 5.46% | 7.37% | -3.66% | -26.29% | -9.49% |
| 2023 | 7.52% | -1.08% | 3.15% | 3.33% | -1.47% | 5.29% | 0.59% | -4.28% | -5.53% | -3.50% | 12.46% | n/a | 16.08% | 11.69% |

Translation (ENES, 2023-11-30):
| Año | Ene | Feb | Mar | Abr | Mayo | Jun | Jul | Ago | Sep | Oct | Nov | Dic | Fondo YTD | BM YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2016 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 3,14% | 3,14% | 4,96% |
| 2017 | 0,60% | 2,18% | 3,02% | 5,30% | 2,51% | -2,75% | 3,08% | 0,34% | 2,81% | 1,55% | -1,84% | 0,57% | 18,50% | 10,24% |
| 2018 | 5,47% | -1,06% | -1,20% | 2,52% | 4,01% | -0,33% | -1,01% | 1,49% | -4,01% | -8,80% | -3,72% | -8,77% | -15,35% | -10,57% |
| 2019 | 10,90% | 5,35% | 2,69% | 5,30% | -4,24% | 3,36% | -0,09% | -2,45% | 1,04% | 2,80% | 6,60% | 3,32% | 39,45% | 26,05% |
| 2020 | 0,32% | -7,95% | -7,07% | 10,62% | 7,13% | 2,51% | 0,63% | 2,86% | 1,14% | -4,60% | 7,04% | 7,76% | 20,10% | -3,32% |
| 2021 | -1,70% | -0,15% | 1,25% | 5,13% | 1,25% | 2,86% | 3,48% | 2,59% | -6,61% | 7,55% | -0,96% | 1,95% | 17,18% | 25,13% |
| 2022 | -12,51% | -5,64% | -0,45% | -2,74% | -5,34% | -6,44% | 13,14% | -8,03% | -8,26% | 5,46% | 7,37% | -3,66% | -26,29% | -9,49% |
| 2023 | 7,52% | -1,08% | 3,15% | 3,33% | -1,47% | 5,29% | 0,59% | -4,28% | -5,53% | -3,50% | 12,46% | n/a | 16,08% | 11,69% |
|  |  |  |  |
| --- | --- | --- | --- |
| No of positions | 27 |  | NOVO NORDISK AS	8.52% RYANAIR HOLDINGS PUBLIC LTD	8.47% |
| Active Share | 79.24% |  | L'OREAL	8.10% |
| Cash | 1.26% |  | LVMH MOET HENNESSY LOUIS VUITT	7.20% |
|  |  |  | FERRARI NV	4.77% |
| Top 10 | 58.68% |  | ASML HOLDING N.V.	4.49% |
| Top 20 | 90.16% |  | SAP SE	4.38% |
| Top 30 | 98.74% |  | MONCLER SPA	4.32% |
|  |  |  | PUMA AG	4.23% |

Translation (ENES, 2023-11-30):
|  |  |  |  |
| --- | --- | --- | --- |
| No de posiciones | 27 |  | NOVO NORDISK AS	8.52% RYANAIR HOLDINGS PUBLIC LTD	8.47% |
| Compartir activo | 79.24% |  | L'OREAL	8.10% |
| Dinero | 1.26% |  | LVMH MOET HENNESSY LOUIS VUITT	7.20% |
|  |  |  | FERRARI NV	4.77% |
| 10 mejores | 58,68% |  | ASML HOLDING N.V.	4.49% |
| 20 mejores | 90,16% |  | SAP SE	4.38% |
| 30 mejores | 98,74% |  | MONCLER SPA	4.32% |
|  |  |  | PUMA AG	4.23% |
# GLOSSARY
Annualised Return	An annualised total return is an average amount of money earned by an investment each year over a given time period. It is calculated to show what an investor would earn over a period of time if the annual return was compounded.
Annualised Volatility  Volatility is the rate and extent at which the price of a portfolio, security or index, moves up and down. If the price swings up and down with large movements, it has high volatility. If the price moves more slowly and to a lesser extent, it has lower volatility. It is used as a measure of the riskiness of an investment. Annualised volatility is an average annual amount of volatility over a given time period.
Correlation	A measure of the interdependence or strength of the relationship between two investments. A correlation of 1 means that the two investments are perfectly synchronised, -1 implies that they move in symmetrically opposite directions and 0 means no relationship between them.

Translation (ENES, 2022-11-30):
# GLOSARIO
Rentabilidad anualizada	Un rendimiento total anualizado es una cantidad promedio de dinero ganado por una inversión cada año durante un período de tiempo determinado. Se calcula para mostrar lo que un inversor ganaría durante un período de tiempo si el rendimiento anual se compusiera.
Volatilidad anualizada	La volatilidad es la tasa y la medida en que el precio de una cartera, valor o índice, se mueve hacia arriba y hacia abajo. Si el precio oscila hacia arriba y hacia abajo con grandes movimientos, tiene una alta volatilidad. Si el precio se mueve más lentamente y en menor medida, tiene menor volatilidad. Se utiliza como una medida del riesgo de una inversión. La volatilidad anualizada es una cantidad anual promedio de volatilidad durante un período de tiempo determinado.
Correlación	Una medida de la interdependencia o fortaleza de la relación entre dos inversiones. Una correlación de 1 significa que las dos inversiones están perfectamente sincronizadas, -1 implica que se mueven en direcciones simétricamente opuestas y 0 significa que no hay relación entre ellas.
# SHAREHOLDER SERVICES
#### Name	
BNY Mellon Fund Services (Ireland) Designated Activity Company 

#### Address		
Cork Airport Business Park, Unit 6100, Avenue 6000, Cork Ireland

#### Investment Manager	
Numeric Investors LLC

#### Telephone	
353-21-438-0000	

#### Custodian	
BNY Mellon Trust Company (Ireland) Limited

#### Fax	
-	

#### Administrator	
BNY Mellon Fund Services (Ireland) Designated Activity Company

#### Email	
man.shareholderservicing@bnymellon.com	

#### Management Company	
Man Asset Management (Ireland) Limited

Translation (ENES, 2022-11-30):
# SERVICIOS AL ACCIONISTA
### Nombre	
BNY Mellon Fund Services (Ireland) Designated Activity Company 

### Dirección		
Cork Airport Business Park, Unit 6100, Avenue 6000, Cork Ireland

### Gestor de inversiones	
Numeric Investors LLC

### Teléfono		
353-21-438-0000	

### Depositario		
BNY Mellon Trust Company (Ireland) Limited 

### Fax			
-	

### Administrador	
BNY Mellon Fund Services (Ireland) Designated Activity Company 

### Correo electrónico	
man.shareholderservicing@bnymellon.com		

### Sociedad Gestora			
Man Asset Management (Ireland) Limited
# Investment Policy
## Investment Objective
The Fund aims to produce positive returns through capital gains and earning interest income.

## Type of Assets
The Fund will primarily invest in convertible bonds and may use the option to convert bonds in order to benefit from positive performance
of an issuer’s shares. Consequently the Fund may also hold shares. The
Fund may make use of financial derivatives.

## Benchmark Degree of Freedom
The Fund is actively managed. The Fund does not intend to track the Refinitiv Global Focus Convertible Bond Index and is not constrained by it. The Benchmark is being used by the Fund for risk management
Index Value (Rebased to 100)
purposes to ensure that the Fund is managed in a manner consistent with its investment objective and risk profile.
Please refer to the Fund’s Prospectus /Offering documents for additional details regarding the Investment policy.

Translation (ENES, 2023-11-30):
# Política de inversión
## Objetivo de inversión
El Fondo tiene como objetivo producir rendimientos positivos a través de ganancias de capital y obtención de ingresos por intereses.

## Tipo de Activos
El Fondo invertirá principalmente en bonos convertibles y podrá utilizar la opción de convertir bonos para beneficiarse del rendimiento positivo de las acciones de un emisor. En consecuencia, el Fondo también podrá poseer acciones. El Fondo podrá hacer uso de derivados financieros.

## Grado de libertad del índice de referencia
El fondo se gestiona activamente, no pretende seguir el índice Refinitiv Global Focus Convertible Bond Index y no está limitado por él. El fondo utiliza el Índice de referencia con fines de gestión del riesgo para
garantizar que se gestiona de forma coherente con su objetivo de inversión y su perfil de riesgo.
Consulte el Folleto/Documentos de oferta del Fondo para obtener detalles adicionales sobre la política del Fondo.
|  | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 12.46% | 2.51% | 3.92% | 16.08% | 11.83% | 8.05% | 53.20% | n/a | 73.73% |
| Benchmark | 6.44% | 1.03% | 2.93% | 11.69% | 7.77% | 29.48% | 45.62% | n/a | 59.50% |

Translation (ENES, 2023-11-30):
|  | 1 mes | 3 meses | 6 meses | YTD | 1 año | 3 años | 5 años | 10 años | Desde la creación |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | 12,46% | 2,51% | 3,92% | 16,08% | 11,83% | 8,05% | 53,20% | n/a | 73,73% |
| Punto de referencia | 6,44% | 1,03% | 2,93% | 11,69% | 7,77% | 29,48% | 45,62% | n/a | 59,50% |
| Class | NAV | ISIN | Minimum Initial | Minimum Additional | OCF 7 | Performance Fee 8 | Management Fee |
| --- | --- | --- | --- | --- | --- | --- | --- |
| D C EUR | 173.73 | IE00BYVQ5H62 | 1,000 | n/a | 1.72% | n/a | 1.50% |
| D C USD | 176.31 | IE00BYVQ5L09 | 1,000 | n/a | 1.72% | n/a | 1.50% |
| DF C EUR | 152.61 | IE00BYVQ5M16 | 1,000 | n/a | 1.27% | n/a | 1.05% |
| DV C USD | 98.95 | IE00BMG8TZ99 | 1,000 | n/a | 1.97% | n/a | 1.75% |
| I C CHF | 160.95 | IE00BYVQ5326 | 1,000,000 | n/a | 0.97% | n/a | 0.75% |
| I C EUR | 183.60 | IE00BYVQ5433 | 1,000,000 | n/a | 0.97% | n/a | 0.75% |
| I C SEK | 213.11 | IE00BYVQ5763 | 5,000,000 | n/a | 0.97% | n/a | 0.75% |
| I C USD | 186.16 | IE00BYVQ5870 | 1,000,000 | n/a | 0.97% | n/a | 0.75% |
| IF C EUR | 184.06 | IE00BYVQ5B01 | 1,000,000 | n/a | 0.52% | n/a | 0.30% |
| IV C USD | 101.07 | IE00BMG8V088 | 1,000,000 | n/a | 1.22% | n/a | 1.00% |

Translation (ENES, 2023-11-30):
| Clase | NAV | ISIN | Rendimiento inicial mínimo | Rendimiento adicional mínimo | OCF 7 | Comisión de reembolso (hasta) 8 | Comisión de gestión |
| --- | --- | --- | --- | --- | --- | --- | --- |
| D C EUR | 173,73 | IE00BYVQ5H62 | 1.000 | n/a | 1.72% | n/a | 1.50% |
| D C USD | 176,31 | IE00BYVQ5L09 | 1.000 | n/a | 1.72% | n/a | 1.50% |
| DF C EUR | 152,61 | IE00BYVQ5M16 | 1.000 | n/a | 1.27% | n/a | 1.05% |
| DV C USD | 98,95 | IE00BMG8TZ99 | 1.000 | n/a | 1.97% | n/a | 1.75% |
| I C CHF | 160,95 | IE00BYVQ5326 | 1.000.000 | n/a | 0.97% | n/a | 0.75% |
| I C EUR | 183,60 | IE00BYVQ5433 | 1.000.000 | n/a | 0.97% | n/a | 0.75% |
| I C SEK | 213,11 | IE00BYVQ5763 | 5.000.000 | n/a | 0.97% | n/a | 0.75% |
| I C USD | 186,16 | IE00BYVQ5870 | 1.000.000 | n/a | 0.97% | n/a | 0.75% |
| IF C EUR | 184,06 | IE00BYVQ5B01 | 1.000.000 | n/a | 0.52% | n/a | 0.30% |
| IV C USD | 101,07 | IE00BMG8V088 | 1.000.000 | n/a | 1.22% | n/a | 1.00% |
ADYEN N.V.	4.21%
Top 10 Country Exposure	Sector Exposure
France Germany Netherlands
Ireland Italy Denmark
United Kingdom
Sweden Switzerland United States
24.41%

Translation (ENES, 2023-11-30):
ADYEN N.V.	4.21%
Los 10 países con mayor exposición	Exposición sectorial
Francia Alemania Países Bajos
Irlanda Italia Dinamarca Reino Unido
Suecia Suiza
Estados Unidos
24.41%
|  |
| --- |
|  | 1 |
|  | 14. |
|  | 14. |
| 10.48 |
|  | 6.85% |
| 10.34% 0.79% 9.09% |
|  | 3.64% |
| 8.52% |
|  | 5.14% |
|  | 7.38% |
|  |
| 6.76% |
|  | 5.08% |
|  | 5.15% |
|  | 15 |
| 2.03% 0.26% |

Translation (ENES, 2023-11-30):
|  |
| --- |
|  | 1 |
|  | 14. |
|  | 14. |
| 10.48 |
|  | 6.85% |
| 10.34% 0.79% 9.09% |
|  | 3.64% |
| 8.52% |
|  | 5.14% |
|  | 7.38% |
|  |
| 6.76% |
|  | 5.08% |
|  | 5.15% |
|  | 15 |
| 2.03% 0.26% |
| Top 5 Overweights | Relative Exposure |
| --- | --- |
| RYANAIR HOLDINGS PUBLIC LTD | 8.47% |
| L'OREAL | 6.98% |
| NOVO NORDISK AS | 5.24% |
| LVMH MOET HENNESSY LOUIS VUITT | 5.11% |
| FERRARI NV | 4.32% |

Translation (ENES, 2023-11-30):
| Los 5 mayores sobrepesos | Exposición relativa |
| --- | --- |
| RYANAIR HOLDINGS PUBLIC LTD | 8.47% |
| L'OREAL | 6.98% |
| NOVO NORDISK AS | 5.24% |
| LVMH MOET HENNESSY LOUIS VUITT | 5.11% |
| FERRARI NV | 4.32% |
| Market Cap | Fund Exposure | Benchmark Exposure |
| --- | --- | --- |
| $0.25Bn - $2Bn | 3.27% | 0.00% |
| $2Bn - $10Bn | 14.76% | 6.79% |
| $10Bn - $50Bn | 24.80% | 36.34% |
| $50Bn + | 55.91% | 56.87% |

Translation (ENES, 2023-11-30):
| Capitalización de Mercado | Exposición del fondo | Exposición de referencia |
| --- | --- | --- |
| $0.25Bn - $2Bn | 3.27% | 0.00% |
| $2Bn - $10Bn | 14.76% | 6.79% |
| $10Bn - $50Bn | 24.80% | 36.34% |
| $50Bn + | 55.91% | 56.87% |
| Top 5 Underweights | Relative Exposure |
| --- | --- |
| SHELL PLC | -2.14% |
| NOVARTIS AG | -1.98% |
| ROCHE HOLDING AG | -1.97% |
| TOTALENERGIES SE | -1.51% |
| HSBC HOLDINGS PLC | -1.49% |

Translation (ENES, 2023-11-30):
| Las 5 principales infraponderaciones | Exposición relativa |
| --- | --- |
| SHELL PLC | -2.14% |
| NOVARTIS AG | -1.98% |
| ROCHE HOLDING AG | -1.97% |
| TOTALENERGIES SE | -1.51% |
| HSBC HOLDINGS PLC | -1.49% |