BANINVER PATRIMONIO SICAV (EUR) S3427.ES

Baninver Patrimonio SICAV is an actively managed, globally invested variable-capital investment company with no fixed benchmark. It follows a mixed-asset mandate, allocating its portfolio flexibly between equity and fixed income instruments without predefined limits to either category.

The investment objective is to seek an appropriate return in line with market conditions while avoiding excessive risk. The fund invests primarily through other funds and ETFs, with a high proportion of its exposure (historically over 90%) in such pooled vehicles, alongside holdings of equities, bonds, and cash.

The overall asset allocation decisions - how much to assign to equities vs. bonds vs. liquid assets - are made by the management, with the portfolio shifting in response to market opportunities and volatility.

The issuer is a Spanish SICAV (Sociedad de Inversión de Capital Variable) registered with the CNMV. Its management is handled by ANDBANK WEALTH MANAGEMENT SGIIC SA as of the latest filings, with TREA ASSET MANAGEMENT previously involved in oversight.

It operates under the regulatory framework for open-ended collective investment schemes in Spain.