Asset allocation
Distribution
| Type | % Net assets | % Short | % Long |
|---|---|---|---|
| Non-US stock | 99.67% | 0.00% | 99.67% |
| Cash | 0.33% | 0.04% | 0.38% |
| US stock | 0.00% | 0.00% | 0.00% |
| US bond | 0.00% | 0.00% | 0.00% |
| Non-US bond | 0.00% | 0.00% | 0.00% |
| Other | 0.00% | 0.00% | 0.00% |
As of Jan 31 2026
Weightings
Sectors
- Sectors
- Regions
| Sector | % Net assets | Category average |
|---|---|---|
| Financial Services | 45.10% | 31.67% |
| Utilities | 19.67% | 3.10% |
| Industrials | 15.72% | 11.85% |
| Consumer Cyclical | 4.64% | 6.38% |
| Energy | 4.01% | 11.11% |
| Technology | 3.51% | 7.43% |
| Real Estate | 2.62% | 1.60% |
| Communication Services | 2.57% | 2.18% |
| Healthcare | 1.62% | 3.17% |
| Other | 0.00% | 21.51% |
As of Jan 31 2026. Sectors weighting is calculated using only long position holdings of the portfolio.
Top 10 holdings
| Top 10 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 36.97% | 75.94% | 0.00% | 75.94% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Banco Santander SA SAN:MCE | +84.84% | 19.13% | |
| Banco Bilbao Vizcaya Argentaria SA BBVA:MCE | +63.15% | 13.87% | |
| Iberdrola SA IBE:MCE | +47.12% | 13.62% | |
| CaixaBank SA CABK:MCE | +69.32% | 4.89% | |
| Industria de Diseno Textil SA ITX:MCE | +7.10% | 4.64% | |
| Ferrovial SE FER:AEX | +41.13% | 4.32% | |
| ACS Actividades de Construccion y Servicios SA ACS:MCE | +104.63% | 4.02% | |
| Repsol SA REP:MCE | +39.38% | 4.01% | |
| Aena SME SA AENA:MCE | +27.96% | 3.76% | |
| Banco de Sabadell SA SAB:MCE | +31.27% | 3.68% | |
| Per cent of portfolio in top 10 holdings: 75.94% |
