SWM España Gestión Activa Z FI

SWM España Gestión Activa FI primarily invests between 75% and 100% of its portfolio in Spanish equities, allowing up to 10% in Portuguese stocks without limiting the size or sectors of the companies. The remaining portion is allocated to a diverse range of government and corporate bonds, both from Spain and other countries, excluding emerging markets. These fixed-income investments have an average maturity of no more than 18 months and do not require a minimum credit rating, providing flexibility in issuer selection and geographic distribution.