Synthetic replication: the recorded list is the substitute basket, not the index exposure.
| Holding | Weight on entry |
|---|---|
| FRENCH REPUBL OAT IE 0.6% 25Jul34 | 4.87% |
| CAISSE DES DE 3% Nov27 EMTN | 3.79% |
| COMMERZBANK A 3.375% Aug28 EMTN | 2.22% |
| SIKA CAPITAL 1.5% Apr31 | 2.03% |
| STANDARD CHAR VAR Mar33 EMTN | 1.77% |
| DEUTSCHE BANK VAR Aug28 EMTN | 1.32% |
| NIBC BANK NV 0.875% Jun27 | 0.87% |
| ADIF ALTA VEL 0.95% Apr27 EMTN | 0.52% |
| and 29 more | ≤ 0.47% |
| Holding | Weight on exit |
|---|---|
| BNG BANK NV 0.75% Jan28 EMTN | 0.80% |
| RECKITT BEN T 3.875% Sep33 EMTN | 0.69% |
| TORONTO DOM B 3.666% Sep31 | 0.65% |
| NTT FINANCE FRN Mar28 EMTN | 0.58% |
| TELEFONICA EM 4.183% Nov33 EMTN | 0.14% |
| ING GROEP NV VAR Sep30 | 0.09% |
| ESSITY CAPITA 0.25% Sep29 EMTN | 0.06% |
| CAIXABANK VAR Nov30 EMTN | 0.05% |
| and 5 more | ≤ 0.05% |
Holdings compared (excluding cash instruments): 117 → 141.
| Holding | from | to |
|---|---|---|
| FRENCH REPUBL OAT 3.2% 25May35 | 21.49% | 9.37% |
| FRENCH REPUBL OAT 3.25% 25May55 | 7.89% | 2.01% |
| ITALIAN REPUB BTPS 3.1% 15Sep26 | 14.53% | 14.06% |
| TELEFONICA EM 1.447% Jan27 EMTN | 0.40% | 0.04% |
| FRANCE OAT 1.85% 25Jul27 | 25.73% | 26.07% |
Bars scaled to the change: orange = up, grey = down. Basket percentages at the two snapshots.
+0.2% in EUR (NAV 121.39 → 121.65, 31 Aug → 3 Sept). No distributions in the month.
| TER | 0.25% — unchanged |
| Transaction costs (KID) | 0.00% — unchanged |
| Index, name, policy | no change in the period |