# Portfolio analysis (including derivatives)
## Asset allocation
60%
50%
40%
30%
20%
10%
0%
Equities	Diversification	Bonds	Monetary
29/06/2018	31/07/2018	31/08/2018
99.27%

## Currency exposure
120%
100%
80%
60%
40%
20%
0%
0.30%
0.14%
0.10%
0.09%
0.05%
0.04%
EUR	ZAR	USD	JPY	GBP	HKD	Other
Portfolio
| Joint distribution |  |
| --- | --- |
|  | Equities | Diversification | Bonds | Monetary | Total |
| European Economic Area | 6.24% | 0.59% | 39.30% | 5.40% | 51.52% |
| North America | 7.66% |  | 6.03% | 0.60% | 14.29% |
| Others |  |  | 5.11% | 1.38% | 6.49% |
| Emerging Markets | 2.70% |  | 0.27% | -0.01% | 2.96% |
| Asia ex Japan | 0.18% |  | 0.86% | 0.02% | 1.06% |
| Japan | 0.90% |  |  | -0.04% | 0.87% |
| Total | 17.68% | 0.59% | 51.57% | 7.35% |  |
| Equities |  |  |  |  |  |

38.49%

## Sector breakdown
44%
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Inf. techno.
16.61%
13.77%
12.03%
Industrials	Financials	Cons.
disc.
5.36%
Health Care
Cons. stap.
Portfolio
4.58%
2.38%
2.16%
2.06%
Materials	Energy	Telecomm.
serv.
1.91%
Real estate
0.61%
0.04%
Utilities		Not classified

## Geographical breakdown
10%
8%
6%
4%
2%
0%
North America	European Economic Area	Emerging Markets	Japan	Asia ex Japan
Portfolio

## Exposure by market cap
12%
10%
8%
6%
4%
2%
0%
<1 Bn€	1 Bn€ - 3 Bn€	3 Bn€ - 5 Bn€	5 Bn€ - 10 Bn€	>10 Bn€
| Main stocks | Portf | olio |  |
| --- | --- | --- | --- |
| Equity | Weighting | Sector | Issuer country | Currency |
| S+P500 EMINI FUT SEP18 Expo | 2.75% | Not classified | North America | USD |
| EURO STOXX 50 PR DEC18 3000 PUT Margin Expo | 0.55% | Not classified | European Economic Area | EUR |
| Beazley PLC | 0.49% | Financials | European Economic Area | GBP |
| Ping An Insurance Group Co of China Ltd | 0.40% | Financials | Emerging Markets | HKD |
| Thales SA | 0.37% | Industrials | European Economic Area | EUR |
| Alibaba Group Holding Ltd | 0.37% | Inf. techno. | Emerging Markets | USD |
| MSCI EMGMKT SEP18 Expo | 0.36% | Not classified | Emerging Markets | USD |
| Amazon.com Inc | 0.35% | Cons. disc. | North America | USD |
| SAP SE | 0.35% | Inf. techno. | European Economic Area | EUR |
| Electronic Arts Inc | 0.34% | Inf. techno. | North America | USD |
| Number of Holdings | 155 |  |  |  |

Translation (ENES, 2018-08-31):
# Análisis de la cartera (incluidos los productos financieros derivados)
## Evolución de la composición
60%
50%
40%
30%
20%
10%
0%
Acción	Diversificación	Obligaciones	Monetario
29/06/2018	31/07/2018	31/08/2018
99.27%

## Exposición por divisa
120%
100%
80%
60%
40%
20%
0%
0.30%
0.14%
0.10%
0.09%
0.05%
0.04%
EUR	ZAR	USD	JPY	GBP	HKD	Otros
Cartera
| Distribución conjunta |  |
| --- | --- |
|  | Acción | Diversificación | Obligaciones | Monetario | Total |
| Espacio Económico Europeo | 6.24% | 0.59% | 39.30% | 5.40% | 51.52% |
| Norteamérica | 7.66% |  | 6.03% | 0.60% | 14.29% |
| Otros |  |  | 5.11% | 1.38% | 6.49% |
| Emergentes Mercados | 2.70% |  | 0.27% | -0.01% | 2.96% |
| Asia ex Japón | 0.18% |  | 0.86% | 0.02% | 1.06% |
| Japón | 0.90% |  |  | -0.04% | 0.87% |
| Total | 17.68% | 0.59% | 51.57% | 7.35% |  |
| Compartimento acciones |  |  |  |  |  |


## Exposición sectorial
38.49%
50%
40%
30%
16.61%
13.77%
12.03%
20%
5.36%
4.58%
2.38%
2.16%
2.06%
1.91%
0.61%
0.04%
10%
Info. Tecno.
Industria
Finanzas
Cons. Disc.
Aten. Sanit.
Cons. Básico
Materiales
Energía
Telecomunicaciones
Inmobiliario
Servicios Públicos
No clasificados
0%
Cartera

## Exposición geográfica
10%
8%
6%
4%
2%
0%
Norteamérica	Espacio Económico Europeo	Emergentes Mercados	Japón	Asia ex Japón
Cartera

## Desglose por capitalización bursátil
12%
10%
8%
6%
4%
2%
0%
| <1 Bn€ | 1 Bn€ - 3 Bn€ | 3 Bn€ - 5 Bn€ Cartera | 5 Bn€ - 10 Bn€ | >10 Bn€ |
| --- | --- | --- | --- | --- |
| Valores principales |  |  |  |  |
| Compañía | Ponderación | Sector | País emisor | Divisa |
| S+P500 EMINI FUT SEP18 Expo | 2.75% | No clasificados | Norteamérica | USD |
| EURO STOXX 50 PR DEC18 3000 PUT Margin Expo | 0.55% | No clasificados | Espacio Económico Europeo | EUR |
| Beazley PLC | 0.49% | Finanzas | Espacio Económico Europeo | GBP |
| Ping An Insurance Group Co of China Ltd | 0.40% | Finanzas | Emergentes Mercados | HKD |
| Thales SA | 0.37% | Industria | Espacio Económico Europeo | EUR |
| Alibaba Group Holding Ltd | 0.37% | Info. Tecno. | Emergentes Mercados | USD |
| MSCI EMGMKT SEP18 Expo | 0.36% | No clasificados | Emergentes Mercados | USD |
| Amazon.com Inc | 0.35% | Cons. Disc. | Norteamérica | USD |
| SAP SE | 0.35% | Info. Tecno. | Espacio Económico Europeo | EUR |
| Electronic Arts Inc | 0.34% | Info. Tecno. | Norteamérica | USD |
| Número de líneas | 155 |  |  |  |