# Portfolio analysis (including derivatives)
## Asset allocation
80%
60%
40%
20%
0%
Equities	Diversification	Bonds	Monetary
29/06/2018	31/07/2018	31/08/2018

## Currency exposure
97.71%
120%
90%
1.23%
0.68%
0.46%
0.09%
60%
30%
-0.11%
-0.06%
0%
-30%
EUR	USD	ZAR	GBP	CHF	SEK	Other
Portfolio
| Joint distribution |  |
| --- | --- |
|  | Equities | Diversification | Bonds | Monetary | Total |
| European Economic Area | 47.88% | 0.48% | 9.67% | 2.54% | 60.57% |
| Others | 1.07% | 2.48% | 3.32% | 0.00% | 6.87% |
| North America | 3.13% |  | 1.96% | 0.56% | 5.65% |
| Emerging Markets | 2.67% |  | 0.66% | -0.08% | 3.24% |
| Asia ex Japan |  |  | 0.49% |  | 0.49% |
| Japan |  |  |  | 0.03% | 0.03% |
| Total | 54.75% | 2.96% | 16.10% | 3.05% |  |
| Equities |  |  |  |  |  |


## Sector breakdown
23.99%
21.19%
28%
24%
13.37%
11.26%
20%
16%
6.53%
6.49%
5.17%
4.66%
12%
3.21%
2.74%
1.44%
0.08%
8%
4%
-0.13%
0%
-4%
Inf. techno.
Industrials	Financials	Cons.
disc.
Cons. stap.
Health Care
Not classified
Portfolio
Real estate
Materials	Telecomm.
serv.
Energy	Funds	Utilities

## Geographical breakdown
60%
50%
40%
30%
20%
10%
0%
European Economic Area	North America	Emerging Markets	Others
Portfolio

## Exposure by market cap
40%
38.00%
30%
20%
10%
0%
| <1 Bn€ | 1 Bn€ - 3 Bn€ | 3 Bn€ - 5 Bn€ | 5 Bn€ - 10 Bn€ | >10 Bn€ | Other |
| --- | --- | --- | --- | --- | --- |
| Main stocks |  | Portfolio |  |  |  |
| Equity | Weighting |  | Sector | Issuer country | Currency |
| Asml Holding NV | 3.73% |  | Inf. techno. | European Economic Area | EUR |
| S+P500 EMINI FUT SEP18 Expo | 2.31% |  | Not classified | North America | USD |
| Kabel Deutschland Holding AG | 2.15% |  | Cons. disc. | European Economic Area | EUR |
| Air Liquide SA | 2.00% |  | Materials | European Economic Area | EUR |
| Remy Cointreau SA | 1.88% |  | Cons. stap. | European Economic Area | EUR |
| Amadeus IT Group SA | 1.60% |  | Inf. techno. | European Economic Area | EUR |
| MSCI EMGMKT SEP18 Expo | 1.56% |  | Not classified | Emerging Markets | USD |
| EURO STOXX 50 PR DEC19 3500 CALL Margin Expo | 1.31% |  | Not classified | European Economic Area | EUR |
| SAP SE | 1.30% |  | Inf. techno. | European Economic Area | EUR |
| FinecoBank Banca Fineco SpA | 1.25% |  | Financials | European Economic Area | EUR |
| Number of Holdings | 101 |  |  |  |  |

Translation (ENES, 2018-08-31):
# Análisis de la cartera (incluidos los productos financieros derivados)
## Evolución de la composición
80%
60%
40%
20%
0%
Acción	Diversificación	Obligaciones	Monetario
29/06/2018	31/07/2018	31/08/2018

## Exposición por divisa
97.71%
120%
90%
1.23%
0.68%
0.46%
0.09%
60%
30%
-0.11%
-0.06%
0%
-30%
EUR	USD	ZAR	GBP	CHF	SEK	Otros
Cartera
| Distribución conjunta |  |
| --- | --- |
|  | Acción | Diversificación | Obligaciones | Monetario | Total |
| Espacio Económico Europeo | 47.88% | 0.48% | 9.67% | 2.54% | 60.57% |
| Otros | 1.07% | 2.48% | 3.32% | 0.00% | 6.87% |
| Norteamérica | 3.13% |  | 1.96% | 0.56% | 5.65% |
| Emergentes Mercados | 2.67% |  | 0.66% | -0.08% | 3.24% |
| Asia ex Japón |  |  | 0.49% |  | 0.49% |
| Japón |  |  |  | 0.03% | 0.03% |
| Total | 54.75% | 2.96% | 16.10% | 3.05% |  |
| Compartimento acciones |  |  |  |  |  |


## Exposición sectorial
23.99%
21.19%
13.37%
11.26%
30%
6.53%
6.49%
5.17%
4.66%
3.21%
2.74%
1.44%
0.08%
20%
10%
-0.13%
0%
Info. Tecno.
Industria
Finanzas
Cons. Disc.
Cons. Básico
Aten. Sanit.
No clasificados
Inmobiliario
Materiales
Telecomunicaciones
Energía
Fondos
Servicios Públicos
-10%
Cartera

## Exposición geográfica
60%
50%
40%
30%
20%
10%
0%
Espacio Económico Europeo	Norteamérica	Emergentes Mercados	Otros
Cartera

## Desglose por capitalización bursátil
40%
38.00%
30%
20%
10%
0%
| <1 Bn€ | 1 Bn€ - 3 Bn€ | 3 Bn€ - 5 Bn€ | 5 Bn€ - 10 Bn€ | >10 Bn€ | Otros |
| --- | --- | --- | --- | --- | --- |
|  |  | Cartera |  |  |  |
| Valores principales |  |  |  |  |  |
| Compañía | Ponderación |  | Sector | País emisor | Divisa |
| Asml Holding NV | 3.73% |  | Info. Tecno. | Espacio Económico Europeo | EUR |
| S+P500 EMINI FUT SEP18 Expo | 2.31% |  | No clasificados | Norteamérica | USD |
| Kabel Deutschland Holding AG | 2.15% |  | Cons. Disc. | Espacio Económico Europeo | EUR |
| Air Liquide SA | 2.00% |  | Materiales | Espacio Económico Europeo | EUR |
| Remy Cointreau SA | 1.88% |  | Cons. Básico | Espacio Económico Europeo | EUR |
| Amadeus IT Group SA | 1.60% |  | Info. Tecno. | Espacio Económico Europeo | EUR |
| MSCI EMGMKT SEP18 Expo | 1.56% |  | No clasificados | Emergentes Mercados | USD |
| EURO STOXX 50 PR DEC19 3500 CALL Margin Expo | 1.31% |  | No clasificados | Espacio Económico Europeo | EUR |
| SAP SE | 1.30% |  | Info. Tecno. | Espacio Económico Europeo | EUR |
| FinecoBank Banca Fineco SpA | 1.25% |  | Finanzas | Espacio Económico Europeo | EUR |
| Número de líneas | 101 |  |  |  |  |