ISIN	IE00BQN1K786
Stock Name/Company	iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Acc)
Stock Type	ETF
Country of Issue	UK
Ticker Symbol	IEFM (GBX) - LSE CEMR (EUR) - F IEMO.MI (EUR) - CXE IEMO (EUR) - ETF Plus IEFM.L (GBP) - LSE

Historic portfolio holdings of IEFM.L

IE00BQN1K786 analysis

IE00BQN1K786 ETF holdings on 2025-12-26 (Friday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,035,173	EUR 40,307,343	EUR 9.989
RR.L (Rolls-Royce Holdings PLC)	2,599,856	GBP 34,275,2110.0%	GBP 13.18350.0%
ENR.DE (Siemens Energy AG)	236,625	EUR 28,572,469	EUR 120.75
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,402,359	EUR 27,696,590	EUR 19.75
RHM.DE (Rheinmetall AG)	17,494	EUR 26,958,254	EUR 1541
SIE.DE (Siemens AG)	110,369	EUR 26,245,748	EUR 237.8
IBE.MC (Iberdrola SA)	1,347,012	EUR 24,636,849	EUR 18.29
HSBA.L (HSBC Holdings PLC)	1,764,021	GBP 23,779,9700.0%	GBP 13.48050.0%
SAF.PA (Safran SA)	77,879	EUR 23,309,185	EUR 299.3
ASML.AS (ASML Holding NV)	25,040	EUR 22,510,960	EUR 899
BATS.L (British American Tobacco PLC)	460,273	GBP 22,250,2520.0%	GBP 48.34140.0%
UCG.MI (UniCredit SpA)	290,524	EUR 20,319,249	EUR 69.94
DBK.DE (Deutsche Bank AG)	501,757	EUR 16,708,508	EUR 33.3
BARC.L (Barclays PLC)	2,992,508	GBP 16,122,1880.0%	GBP 5.387520.0%
ISP.MI (Intesa Sanpaolo SpA)	2,632,362	EUR 15,454,597	EUR 5.871
AIR.PA (Airbus SE)	76,512	EUR 14,993,292	EUR 195.96
SPOT (Spotify Technology SA)	30,161	USD 14,964,619-0.4%	USD 496.158-0.4%
GLE.PA (Societe Generale SA)	210,298	EUR 14,296,058	EUR 67.98
EL.PA (EssilorLuxottica SA)	52,767	EUR 14,252,367	EUR 270.1
LLOY.L (Lloyds Banking Group PLC)	12,448,217	GBP 13,848,4370.0%	GBP 1.112480.0%
INGA.AS (ING Groep NV)	504,294	EUR 12,070,277	EUR 23.935
NWG.L (NatWest Group PLC)	1,502,567	GBP 11,146,1720.0%	GBP 7.418090.0%
BA.L (BAE Systems plc)	566,225	GBP 11,114,4460.0%	GBP 19.6290.0%
PRX.AS (Prosus NV)	202,729	EUR 10,618,945	EUR 52.38
CABK.MC (CaixaBank SA)	899,523	EUR 9,346,044	EUR 10.39
STAN.L (Standard Chartered PLC)	451,246	GBP 9,343,9980.0%	GBP 20.70710.0%
HEI.DE (Heidelberg Materials AG)	39,927	EUR 8,851,816	EUR 221.7
EBS.VI (Erste Group Bank AG)	76,595	EUR 7,743,755	EUR 101.1
CBK.DE (Commerzbank AG)	199,187	EUR 7,116,952	EUR 35.73
LR.PA (Legrand SA)	52,065	EUR 6,627,875	EUR 127.3
EOAN.DE (E.ON SE)	406,180	EUR 6,492,787	EUR 15.985
LDO.MI (Leonardo SpA)	126,777	EUR 6,269,123	EUR 49.45
TSCO.L (Tesco PLC)	1,164,299	GBP 5,848,7160.0%	GBP 5.023380.0%
FER.MC (Ferrovial SE)	101,059	EUR 5,600,690	EUR 55.42
III.L (3I Group PLC)	151,169	GBP 5,589,5860.0%	GBP 36.97570.0%
ENGI.PA (Engie SA)	235,144	EUR 5,210,791	EUR 22.16
G.MI (Generali)	144,929	EUR 5,200,053	EUR 35.88
ORA.PA (Orange SA)	359,315	EUR 5,050,172	EUR 14.055
HO.PA (Thales SA)	20,321	EUR 4,645,381	EUR 228.6
AV.L (Aviva PLC)	569,236	GBP 4,460,2800.0%	GBP 7.835560.0%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	51,718	EUR 4,354,656	EUR 84.2
RYA.IR (Ryanair Holdings PLC)	136,215	EUR 4,018,343	EUR 29.5
UCB.BR (UCB SA)	16,378	EUR 3,857,019	EUR 235.5
FRE.DE (Fresenius SE & Co KGaA)	77,933	EUR 3,800,013	EUR 48.76
BAMI.MI (Banco BPM SpA)	295,417	EUR 3,796,108	EUR 12.85
SAB.MC (Banco de Sabadell SA)	1,077,090	EUR 3,607,174	EUR 3.349
PRY.MI (Prysmian SpA)	41,635	EUR 3,578,112	EUR 85.94
AER (AerCap Holdings NV)	28,032	USD 3,445,955-0.3%	USD 122.929-0.3%
ABN.AS (ABN AMRO Bank NV)	116,909	EUR 3,438,294	EUR 29.41
BPE.MI (BPER Banca SPA)	291,470	EUR 3,346,076	EUR 11.48
NXT.L (Next PLC)	21,462	GBP 3,334,0420.0%	GBP 155.3460.0%
NN.AS (NN Group NV)	45,281	EUR 2,977,679	EUR 65.76
MTX.DE (MTU Aero Engines AG)	8,075	EUR 2,856,128	EUR 353.7
KBC.BR (KBC Group NV)	25,608	EUR 2,846,329	EUR 111.15
RWE.DE (RWE AG)	62,380	EUR 2,793,376	EUR 44.78
SAMPO.HE (Sampo Oyj)	269,404	EUR 2,765,432	EUR 10.265
PST.MI (Poste Italiane SpA)	124,279	EUR 2,674,484	EUR 21.52
NOKIA.HE (Nokia Oyj)	472,586	EUR 2,607,730	EUR 5.518
AENA.MC (Aena SME SA)	103,758	EUR 2,475,666	EUR 23.86
KER.PA (Kering SA)	7,806	EUR 2,369,902	EUR 303.6
ELE.MC (Endesa SA)	76,804	EUR 2,346,362	EUR 30.55
FRES.L (Fresnillo PLC)	63,360	GBP 2,325,3430.0%	GBP 36.70050.0%
BKT.MC (Bankinter SA)	162,153	EUR 2,283,114	EUR 14.08
A5G.IR (AIB Group PLC)	238,490	EUR 2,179,799	EUR 9.14
WRT1V.HE (Wartsila OYJ Abp)	70,902	EUR 2,156,839	EUR 30.42
SMIN.L (Smiths Group PLC)	78,032	GBP 2,129,9610.0%	GBP 27.2960.0%
REP.MC (Repsol SA)	129,622	EUR 2,047,379	EUR 15.795
G1A.DE (GEA Group AG)	31,686	EUR 1,814,024	EUR 57.25
BIRG.IR (Bank of Ireland Group PLC)	107,511	EUR 1,766,406	EUR 16.43
ANTO.L (Antofagasta PLC)	46,903	GBP 1,734,2730.0%	GBP 36.97570.0%
SRG.MI (Snam SpA)	293,508	EUR 1,647,167	EUR 5.612
TLX.DE (Talanx AG)	13,836	EUR 1,573,153	EUR 113.7
TIT.MI (Telecom Italia SpA/Milano)	2,977,915	EUR 1,538,986	EUR 0.5168
MT.AS (ArcelorMittal SA)	38,926	EUR 1,495,537	EUR 38.42
CNA.L (Centrica PLC)	762,729	GBP 1,473,1070.0%	GBP 1.931360.0%
HLMA.L (Halma PLC)	35,915	GBP 1,469,6790.0%	GBP 40.9210.0%
ASRNL.AS (ASR Nederland NV)	23,008	EUR 1,394,745	EUR 60.62
AGS.BR (Ageas SA/NV)	22,329	EUR 1,335,274	EUR 59.8
ORNBV.HE (Orion Oyj)	20,405	EUR 1,296,738	EUR 63.55
EN.PA (Bouygues SA)	27,425	EUR 1,214,928	EUR 44.3
INF.L (Informa PLC)	118,756	GBP 1,199,1060.0%	GBP 10.09720.0%
HAG.DE (Hensoldt AG)	15,612	EUR 1,142,798	EUR 73.2
METSO.HE (Metso Oyj)	77,824	EUR 1,140,122	EUR 14.65
SN.L (Smith & Nephew PLC)	80,630	GBP 1,128,6420.0%	GBP 13.99780.0%
JDEP.AS (JDE Peet's NV)	33,460	EUR 1,062,020	EUR 31.74
EDV.L (Endeavour Mining Corp)	21,410	GBP 976,3040.0%	GBP 45.60040.0%
PHNX.L (Phoenix Group Holdings PLC)	112,921	GBP 943,4660.0%	GBP 8.35510.0%
ANA.MC (Acciona SA)	5,017	EUR 925,135	EUR 184.4
BMED.MI (Banca Mediolanum SpA)	47,710	EUR 924,143	EUR 19.37
NESTE.HE (Neste Oyj)	47,017	EUR 887,916	EUR 18.885
BESI.AS (BE Semiconductor Industries NV)	6,722	EUR 884,279	EUR 131.55
HOT.DE (HOCHTIEF AG)	2,593	EUR 858,802	EUR 331.2
MNG.L (M&G Plc)	201,267	GBP 655,3300.0%	GBP 3.256020.0%
CON.DE (Continental AG)	9,503	EUR 627,768	EUR 66.06
RBI.VI (Raiffeisen Bank International AG)	15,368	EUR 578,759	EUR 37.66
ELI.BR (Elia Group SA/NV)	5,124	EUR 556,979	EUR 108.7
TUB.BR (Financiere de Tubize SA)	2,282	EUR 476,938	EUR 209
MAP.MC (Mapfre SA)	97,547	EUR 419,062	EUR 4.296

Share price and value of shares held is calculated on the adjusted close price on 2025-12-26

IE00BQN1K786 ETF holdings on 2025-12-24 (Wednesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,035,173	EUR 40,307,343-0.1%	EUR 9.989-0.1%
RR.L (Rolls-Royce Holdings PLC)	2,599,856	GBP 34,271,032-0.8%	GBP 13.1819-0.8%
ENR.DE (Siemens Energy AG)	236,625	EUR 28,572,469	EUR 120.75
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,402,359	EUR 27,696,590-0.1%	EUR 19.75-0.1%
RHM.DE (Rheinmetall AG)	17,494	EUR 26,958,254	EUR 1541
SIE.DE (Siemens AG)	110,369	EUR 26,245,748	EUR 237.8
IBE.MC (Iberdrola SA)	1,347,012	EUR 24,636,8490.3%	EUR 18.290.3%
HSBA.L (HSBC Holdings PLC)	1,764,021	GBP 23,777,0710.2%	GBP 13.47890.2%
SAF.PA (Safran SA)	77,879	EUR 23,309,185-0.4%	EUR 299.3-0.4%
ASML.AS (ASML Holding NV)	25,040	EUR 22,510,960-0.5%	EUR 899-0.5%
BATS.L (British American Tobacco PLC)	460,273	GBP 22,247,5400.0%	GBP 48.33550.0%
UCG.MI (UniCredit SpA)	290,524	EUR 20,319,249	EUR 69.94
DBK.DE (Deutsche Bank AG)	501,757	EUR 16,708,508	EUR 33.3
BARC.L (Barclays PLC)	2,992,508	GBP 16,120,222-0.2%	GBP 5.38686-0.2%
ISP.MI (Intesa Sanpaolo SpA)	2,632,362	EUR 15,454,597	EUR 5.871
SPOT (Spotify Technology SA)	30,161	USD 15,020,1961.2%	USD 498.0011.2%
AIR.PA (Airbus SE)	76,512	EUR 14,993,292-0.4%	EUR 195.96-0.4%
GLE.PA (Societe Generale SA)	210,298	EUR 14,296,058-0.4%	EUR 67.98-0.4%
EL.PA (EssilorLuxottica SA)	52,767	EUR 14,252,367	EUR 270.1
LLOY.L (Lloyds Banking Group PLC)	12,448,217	GBP 13,846,748-0.4%	GBP 1.11235-0.4%
INGA.AS (ING Groep NV)	504,294	EUR 12,070,2770.0%	EUR 23.9350.0%
NWG.L (NatWest Group PLC)	1,502,567	GBP 11,144,813-0.1%	GBP 7.41718-0.1%
BA.L (BAE Systems plc)	566,225	GBP 11,113,0910.2%	GBP 19.62660.2%
PRX.AS (Prosus NV)	202,729	EUR 10,618,945-0.6%	EUR 52.38-0.6%
CABK.MC (CaixaBank SA)	899,523	EUR 9,346,044-0.4%	EUR 10.39-0.4%
STAN.L (Standard Chartered PLC)	451,246	GBP 9,342,8590.1%	GBP 20.70460.1%
HEI.DE (Heidelberg Materials AG)	39,927	EUR 8,851,816	EUR 221.7
EBS.VI (Erste Group Bank AG)	76,595	EUR 7,743,755	EUR 101.1
CBK.DE (Commerzbank AG)	199,187	EUR 7,116,952	EUR 35.73
LR.PA (Legrand SA)	52,065	EUR 6,627,8750.3%	EUR 127.30.3%
EOAN.DE (E.ON SE)	406,180	EUR 6,492,787	EUR 15.985
LDO.MI (Leonardo SpA)	126,777	EUR 6,269,123	EUR 49.45
TSCO.L (Tesco PLC)	1,164,299	GBP 5,848,0020.1%	GBP 5.022770.1%
FER.MC (Ferrovial SE)	101,059	EUR 5,600,6900.0%	EUR 55.420.0%
III.L (3I Group PLC)	151,169	GBP 5,588,904-0.2%	GBP 36.9712-0.2%
ENGI.PA (Engie SA)	235,144	EUR 5,210,791-0.4%	EUR 22.16-0.4%
G.MI (Generali)	144,929	EUR 5,200,053	EUR 35.88
ORA.PA (Orange SA)	359,315	EUR 5,050,1720.0%	EUR 14.0550.0%
HO.PA (Thales SA)	20,321	EUR 4,645,381-0.2%	EUR 228.6-0.2%
AV.L (Aviva PLC)	569,236	GBP 4,459,7360.1%	GBP 7.83460.1%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	51,718	EUR 4,354,656-0.5%	EUR 84.2-0.5%
RYA.IR (Ryanair Holdings PLC)	136,215	EUR 4,018,3430.2%	EUR 29.50.2%
UCB.BR (UCB SA)	16,378	EUR 3,857,019-2.2%	EUR 235.5-2.2%
FRE.DE (Fresenius SE & Co KGaA)	77,933	EUR 3,800,013	EUR 48.76
BAMI.MI (Banco BPM SpA)	295,417	EUR 3,796,108	EUR 12.85
SAB.MC (Banco de Sabadell SA)	1,077,090	EUR 3,607,174	EUR 3.349
PRY.MI (Prysmian SpA)	41,635	EUR 3,578,112	EUR 85.94
AER (AerCap Holdings NV)	28,032	USD 3,456,6100.0%	USD 123.3090.0%
ABN.AS (ABN AMRO Bank NV)	116,909	EUR 3,438,294-0.5%	EUR 29.41-0.5%
BPE.MI (BPER Banca SPA)	291,470	EUR 3,346,076	EUR 11.48
NXT.L (Next PLC)	21,462	GBP 3,333,636-0.2%	GBP 155.327-0.2%
NN.AS (NN Group NV)	45,281	EUR 2,977,6790.3%	EUR 65.760.3%
MTX.DE (MTU Aero Engines AG)	8,075	EUR 2,856,128	EUR 353.7
KBC.BR (KBC Group NV)	25,608	EUR 2,846,329-0.5%	EUR 111.15-0.5%
RWE.DE (RWE AG)	62,380	EUR 2,793,376	EUR 44.78
SAMPO.HE (Sampo Oyj)	269,404	EUR 2,765,432	EUR 10.265
PST.MI (Poste Italiane SpA)	124,279	EUR 2,674,484	EUR 21.52
NOKIA.HE (Nokia Oyj)	472,586	EUR 2,607,730	EUR 5.518
AENA.MC (Aena SME SA)	103,758	EUR 2,475,666-0.1%	EUR 23.86-0.1%
KER.PA (Kering SA)	7,806	EUR 2,369,9021.4%	EUR 303.61.4%
ELE.MC (Endesa SA)	76,804	EUR 2,346,362-0.3%	EUR 30.55-0.3%
FRES.L (Fresnillo PLC)	63,360	GBP 2,325,059-1.3%	GBP 36.696-1.3%
BKT.MC (Bankinter SA)	162,153	EUR 2,283,114-0.9%	EUR 14.08-0.9%
A5G.IR (AIB Group PLC)	238,490	EUR 2,179,799-0.8%	EUR 9.14-0.8%
WRT1V.HE (Wartsila OYJ Abp)	70,902	EUR 2,156,839	EUR 30.42
SMIN.L (Smiths Group PLC)	78,032	GBP 2,129,7010.1%	GBP 27.29270.1%
REP.MC (Repsol SA)	129,622	EUR 2,047,3790.1%	EUR 15.7950.1%
G1A.DE (GEA Group AG)	31,686	EUR 1,814,024	EUR 57.25
BIRG.IR (Bank of Ireland Group PLC)	107,511	EUR 1,766,4060.6%	EUR 16.430.6%
ANTO.L (Antofagasta PLC)	46,903	GBP 1,734,062-0.2%	GBP 36.9712-0.2%
SRG.MI (Snam SpA)	293,508	EUR 1,647,167	EUR 5.612
TLX.DE (Talanx AG)	13,836	EUR 1,573,153	EUR 113.7
TIT.MI (Telecom Italia SpA/Milano)	2,977,915	EUR 1,538,986	EUR 0.5168
MT.AS (ArcelorMittal SA)	38,926	EUR 1,495,5370.4%	EUR 38.420.4%
CNA.L (Centrica PLC)	762,729	GBP 1,472,927-0.2%	GBP 1.93113-0.2%
HLMA.L (Halma PLC)	35,915	GBP 1,469,5000.4%	GBP 40.9160.4%
ASRNL.AS (ASR Nederland NV)	23,008	EUR 1,394,745-0.1%	EUR 60.62-0.1%
AGS.BR (Ageas SA/NV)	22,329	EUR 1,335,274-0.2%	EUR 59.8-0.2%
ORNBV.HE (Orion Oyj)	20,405	EUR 1,296,738	EUR 63.55
EN.PA (Bouygues SA)	27,425	EUR 1,214,928-0.1%	EUR 44.3-0.1%
INF.L (Informa PLC)	118,756	GBP 1,198,9590.2%	GBP 10.0960.2%
HAG.DE (Hensoldt AG)	15,612	EUR 1,142,798	EUR 73.2
METSO.HE (Metso Oyj)	77,824	EUR 1,140,122	EUR 14.65
SN.L (Smith & Nephew PLC)	80,630	GBP 1,128,5050.2%	GBP 13.99610.2%
JDEP.AS (JDE Peet's NV)	33,460	EUR 1,062,020-0.1%	EUR 31.74-0.1%
EDV.L (Endeavour Mining Corp)	21,410	GBP 976,1850.6%	GBP 45.59480.6%
PHNX.L (Phoenix Group Holdings PLC)	112,921	GBP 943,351-0.2%	GBP 8.35408-0.2%
ANA.MC (Acciona SA)	5,017	EUR 925,1350.1%	EUR 184.40.1%
BMED.MI (Banca Mediolanum SpA)	47,710	EUR 924,143	EUR 19.37
NESTE.HE (Neste Oyj)	47,017	EUR 887,916	EUR 18.885
BESI.AS (BE Semiconductor Industries NV)	6,722	EUR 884,279-0.3%	EUR 131.55-0.3%
HOT.DE (HOCHTIEF AG)	2,593	EUR 858,802	EUR 331.2
MNG.L (M&G Plc)	201,267	GBP 655,250-0.2%	GBP 3.25563-0.2%
CON.DE (Continental AG)	9,503	EUR 627,768	EUR 66.06
RBI.VI (Raiffeisen Bank International AG)	15,368	EUR 578,759	EUR 37.66
ELI.BR (Elia Group SA/NV)	5,124	EUR 556,979-0.3%	EUR 108.7-0.3%
TUB.BR (Financiere de Tubize SA)	2,282	EUR 476,938-2.8%	EUR 209-2.8%
MAP.MC (Mapfre SA)	97,547	EUR 419,062-0.3%	EUR 4.296-0.3%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-24

IE00BQN1K786 ETF holdings on 2025-12-23 (Tuesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,035,173	EUR 40,359,8000.6%	EUR 10.0020.6%
RR.L (Rolls-Royce Holdings PLC)	2,599,856	GBP 34,534,1690.6%	GBP 13.28310.6%
ENR.DE (Siemens Energy AG)	236,625	EUR 28,572,4691.3%	EUR 120.751.3%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,402,359	EUR 27,724,637-0.1%	EUR 19.77-0.1%
RHM.DE (Rheinmetall AG)	17,494	EUR 26,958,254-0.3%	EUR 1541-0.3%
SIE.DE (Siemens AG)	110,369	EUR 26,245,7480.5%	EUR 237.80.5%
IBE.MC (Iberdrola SA)	1,347,012	EUR 24,556,0290.9%	EUR 18.230.9%
HSBA.L (HSBC Holdings PLC)	1,764,021	GBP 23,738,7180.8%	GBP 13.45720.8%
SAF.PA (Safran SA)	77,879	EUR 23,394,852-0.6%	EUR 300.4-0.6%
ASML.AS (ASML Holding NV)	25,040	EUR 22,616,1280.8%	EUR 903.20.8%
BATS.L (British American Tobacco PLC)	460,273	GBP 22,236,5160.1%	GBP 48.31160.1%
UCG.MI (UniCredit SpA)	290,524	EUR 20,319,2490.1%	EUR 69.940.1%
DBK.DE (Deutsche Bank AG)	501,757	EUR 16,708,5081.0%	EUR 33.31.0%
BARC.L (Barclays PLC)	2,992,508	GBP 16,160,3530.9%	GBP 5.400270.9%
ISP.MI (Intesa Sanpaolo SpA)	2,632,362	EUR 15,454,597-0.2%	EUR 5.871-0.2%
AIR.PA (Airbus SE)	76,512	EUR 15,051,4410.5%	EUR 196.720.5%
SPOT (Spotify Technology SA)	30,161	USD 14,840,7490.0%	USD 492.0510.0%
GLE.PA (Societe Generale SA)	210,298	EUR 14,346,5300.6%	EUR 68.220.6%
EL.PA (EssilorLuxottica SA)	52,767	EUR 14,252,367-0.9%	EUR 270.1-0.9%
LLOY.L (Lloyds Banking Group PLC)	12,448,217	GBP 13,900,8890.6%	GBP 1.11670.6%
INGA.AS (ING Groep NV)	504,294	EUR 12,065,2340.0%	EUR 23.9250.0%
NWG.L (NatWest Group PLC)	1,502,567	GBP 11,159,7000.5%	GBP 7.427090.5%
BA.L (BAE Systems plc)	566,225	GBP 11,087,327-0.3%	GBP 19.5811-0.3%
PRX.AS (Prosus NV)	202,729	EUR 10,687,873-0.2%	EUR 52.72-0.2%
CABK.MC (CaixaBank SA)	899,523	EUR 9,382,0250.8%	EUR 10.430.8%
STAN.L (Standard Chartered PLC)	451,246	GBP 9,334,5430.8%	GBP 20.68620.8%
HEI.DE (Heidelberg Materials AG)	39,927	EUR 8,851,8160.9%	EUR 221.70.9%
EBS.VI (Erste Group Bank AG)	76,595	EUR 7,743,7550.7%	EUR 101.10.7%
CBK.DE (Commerzbank AG)	199,187	EUR 7,116,9520.5%	EUR 35.730.5%
LR.PA (Legrand SA)	52,065	EUR 6,609,652-0.2%	EUR 126.95-0.2%
EOAN.DE (E.ON SE)	406,180	EUR 6,492,7871.4%	EUR 15.9851.4%
LDO.MI (Leonardo SpA)	126,777	EUR 6,269,1230.1%	EUR 49.450.1%
TSCO.L (Tesco PLC)	1,164,299	GBP 5,843,5630.0%	GBP 5.018950.0%
FER.MC (Ferrovial SE)	101,059	EUR 5,602,711-1.5%	EUR 55.44-1.5%
III.L (3I Group PLC)	151,169	GBP 5,599,8800.0%	GBP 37.04380.0%
ENGI.PA (Engie SA)	235,144	EUR 5,229,6030.7%	EUR 22.240.7%
G.MI (Generali)	144,929	EUR 5,200,053-0.4%	EUR 35.88-0.4%
ORA.PA (Orange SA)	359,315	EUR 5,048,3760.9%	EUR 14.050.9%
HO.PA (Thales SA)	20,321	EUR 4,653,509-0.7%	EUR 229-0.7%
AV.L (Aviva PLC)	569,236	GBP 4,453,3000.5%	GBP 7.823290.5%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	51,718	EUR 4,375,343-0.1%	EUR 84.6-0.1%
RYA.IR (Ryanair Holdings PLC)	136,215	EUR 4,011,532-0.2%	EUR 29.45-0.2%
UCB.BR (UCB SA)	16,378	EUR 3,943,8221.4%	EUR 240.81.4%
FRE.DE (Fresenius SE & Co KGaA)	77,933	EUR 3,800,0130.4%	EUR 48.760.4%
BAMI.MI (Banco BPM SpA)	295,417	EUR 3,796,1080.4%	EUR 12.850.4%
SAB.MC (Banco de Sabadell SA)	1,077,090	EUR 3,607,174-0.9%	EUR 3.349-0.9%
PRY.MI (Prysmian SpA)	41,635	EUR 3,578,1120.1%	EUR 85.940.1%
AER (AerCap Holdings NV)	28,032	USD 3,457,161-0.4%	USD 123.329-0.4%
ABN.AS (ABN AMRO Bank NV)	116,909	EUR 3,456,999-0.1%	EUR 29.57-0.1%
BPE.MI (BPER Banca SPA)	291,470	EUR 3,346,0760.4%	EUR 11.480.4%
NXT.L (Next PLC)	21,462	GBP 3,339,8840.0%	GBP 155.6180.0%
NN.AS (NN Group NV)	45,281	EUR 2,969,5280.2%	EUR 65.580.2%
KBC.BR (KBC Group NV)	25,608	EUR 2,860,414-0.1%	EUR 111.7-0.1%
MTX.DE (MTU Aero Engines AG)	8,075	EUR 2,856,128-0.4%	EUR 353.7-0.4%
RWE.DE (RWE AG)	62,380	EUR 2,793,3761.4%	EUR 44.781.4%
SAMPO.HE (Sampo Oyj)	269,404	EUR 2,765,432	EUR 10.265
PST.MI (Poste Italiane SpA)	124,279	EUR 2,674,484-0.2%	EUR 21.52-0.2%
NOKIA.HE (Nokia Oyj)	472,586	EUR 2,607,7300.3%	EUR 5.5180.3%
AENA.MC (Aena SME SA)	103,758	EUR 2,477,7410.2%	EUR 23.880.2%
FRES.L (Fresnillo PLC)	63,360	GBP 2,355,079-0.3%	GBP 37.1698-0.3%
ELE.MC (Endesa SA)	76,804	EUR 2,354,043-0.3%	EUR 30.65-0.3%
KER.PA (Kering SA)	7,806	EUR 2,337,507-1.9%	EUR 299.45-1.9%
BKT.MC (Bankinter SA)	162,153	EUR 2,303,3830.5%	EUR 14.2050.5%
A5G.IR (AIB Group PLC)	238,490	EUR 2,197,685-0.2%	EUR 9.215-0.2%
WRT1V.HE (Wartsila OYJ Abp)	70,902	EUR 2,156,8390.7%	EUR 30.420.7%
SMIN.L (Smiths Group PLC)	78,032	GBP 2,126,627-0.6%	GBP 27.2533-0.6%
REP.MC (Repsol SA)	129,622	EUR 2,045,435-0.7%	EUR 15.78-0.7%
G1A.DE (GEA Group AG)	31,686	EUR 1,814,024-0.3%	EUR 57.25-0.3%
BIRG.IR (Bank of Ireland Group PLC)	107,511	EUR 1,755,655-0.4%	EUR 16.33-0.4%
ANTO.L (Antofagasta PLC)	46,903	GBP 1,737,4672.2%	GBP 37.04382.2%
SRG.MI (Snam SpA)	293,508	EUR 1,647,167-0.1%	EUR 5.612-0.1%
TLX.DE (Talanx AG)	13,836	EUR 1,573,153	EUR 113.7
TIT.MI (Telecom Italia SpA/Milano)	2,977,915	EUR 1,538,9860.4%	EUR 0.51680.4%
MT.AS (ArcelorMittal SA)	38,926	EUR 1,489,309-0.2%	EUR 38.26-0.2%
CNA.L (Centrica PLC)	762,729	GBP 1,476,4790.5%	GBP 1.935780.5%
HLMA.L (Halma PLC)	35,915	GBP 1,464,089-1.0%	GBP 40.7654-1.0%
ASRNL.AS (ASR Nederland NV)	23,008	EUR 1,396,5860.1%	EUR 60.70.1%
AGS.BR (Ageas SA/NV)	22,329	EUR 1,337,507-0.1%	EUR 59.9-0.1%
ORNBV.HE (Orion Oyj)	20,405	EUR 1,296,7380.7%	EUR 63.550.7%
EN.PA (Bouygues SA)	27,425	EUR 1,216,573-0.3%	EUR 44.36-0.3%
INF.L (Informa PLC)	118,756	GBP 1,196,413-0.5%	GBP 10.0745-0.5%
HAG.DE (Hensoldt AG)	15,612	EUR 1,142,798-0.4%	EUR 73.2-0.4%
METSO.HE (Metso Oyj)	77,824	EUR 1,140,122-0.1%	EUR 14.65-0.1%
SN.L (Smith & Nephew PLC)	80,630	GBP 1,126,414-0.6%	GBP 13.9702-0.6%
JDEP.AS (JDE Peet's NV)	33,460	EUR 1,062,690-0.2%	EUR 31.76-0.2%
EDV.L (Endeavour Mining Corp)	21,410	GBP 970,363-0.6%	GBP 45.3229-0.6%
PHNX.L (Phoenix Group Holdings PLC)	112,921	GBP 945,2220.6%	GBP 8.370650.6%
BMED.MI (Banca Mediolanum SpA)	47,710	EUR 924,1430.2%	EUR 19.370.2%
ANA.MC (Acciona SA)	5,017	EUR 924,131-0.6%	EUR 184.2-0.6%
NESTE.HE (Neste Oyj)	47,017	EUR 887,9161.1%	EUR 18.8851.1%
BESI.AS (BE Semiconductor Industries NV)	6,722	EUR 886,6320.5%	EUR 131.90.5%
HOT.DE (HOCHTIEF AG)	2,593	EUR 858,802-0.8%	EUR 331.2-0.8%
MNG.L (M&G Plc)	201,267	GBP 656,6090.6%	GBP 3.262380.6%
CON.DE (Continental AG)	9,503	EUR 627,768-0.7%	EUR 66.06-0.7%
RBI.VI (Raiffeisen Bank International AG)	15,368	EUR 578,7591.0%	EUR 37.661.0%
ELI.BR (Elia Group SA/NV)	5,124	EUR 558,5161.8%	EUR 1091.8%
TUB.BR (Financiere de Tubize SA)	2,282	EUR 490,6300.2%	EUR 2150.2%
MAP.MC (Mapfre SA)	97,547	EUR 420,4280.5%	EUR 4.310.5%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-23

IE00BQN1K786 ETF holdings on 2025-12-22 (Monday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,035,173	EUR 40,105,584-0.3%	EUR 9.939-0.3%
RR.L (Rolls-Royce Holdings PLC)	2,599,856	GBP 34,344,902-1.0%	GBP 13.2103-1.0%
ENR.DE (Siemens Energy AG)	236,625	EUR 28,217,531-0.7%	EUR 119.25-0.7%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,402,359	EUR 27,738,6610.0%	EUR 19.780.0%
RHM.DE (Rheinmetall AG)	17,494	EUR 27,028,230-0.9%	EUR 1545-0.9%
SIE.DE (Siemens AG)	110,369	EUR 26,118,8240.3%	EUR 236.650.3%
IBE.MC (Iberdrola SA)	1,347,012	EUR 24,347,242-0.7%	EUR 18.075-0.7%
HSBA.L (HSBC Holdings PLC)	1,764,021	GBP 23,549,4100.3%	GBP 13.34980.3%
SAF.PA (Safran SA)	77,879	EUR 23,535,034-1.3%	EUR 302.2-1.3%
ASML.AS (ASML Holding NV)	25,040	EUR 22,435,840-0.6%	EUR 896-0.6%
BATS.L (British American Tobacco PLC)	460,273	GBP 22,210,382-0.2%	GBP 48.2548-0.2%
UCG.MI (UniCredit SpA)	290,524	EUR 20,290,196-0.9%	EUR 69.84-0.9%
DBK.DE (Deutsche Bank AG)	501,757	EUR 16,535,4020.0%	EUR 32.9550.0%
BARC.L (Barclays PLC)	2,992,508	GBP 16,016,4320.0%	GBP 5.352180.0%
ISP.MI (Intesa Sanpaolo SpA)	2,632,362	EUR 15,483,553-0.5%	EUR 5.882-0.5%
AIR.PA (Airbus SE)	76,512	EUR 14,974,929-0.1%	EUR 195.72-0.1%
SPOT (Spotify Technology SA)	30,161	USD 14,840,130-1.0%	USD 492.03-1.0%
EL.PA (EssilorLuxottica SA)	52,767	EUR 14,384,284-0.8%	EUR 272.6-0.8%
GLE.PA (Societe Generale SA)	210,298	EUR 14,266,616-0.5%	EUR 67.84-0.5%
LLOY.L (Lloyds Banking Group PLC)	12,448,217	GBP 13,821,906-0.1%	GBP 1.11035-0.1%
INGA.AS (ING Groep NV)	504,294	EUR 12,062,7120.0%	EUR 23.920.0%
BA.L (BAE Systems plc)	566,225	GBP 11,122,868-0.1%	GBP 19.6439-0.1%
NWG.L (NatWest Group PLC)	1,502,567	GBP 11,101,9020.4%	GBP 7.388620.4%
PRX.AS (Prosus NV)	202,729	EUR 10,714,228-1.3%	EUR 52.85-1.3%
CABK.MC (CaixaBank SA)	899,523	EUR 9,310,063-0.6%	EUR 10.35-0.6%
STAN.L (Standard Chartered PLC)	451,246	GBP 9,261,6390.6%	GBP 20.52460.6%
HEI.DE (Heidelberg Materials AG)	39,927	EUR 8,771,962	EUR 219.7
EBS.VI (Erste Group Bank AG)	76,595	EUR 7,690,138-0.8%	EUR 100.4-0.8%
CBK.DE (Commerzbank AG)	199,187	EUR 7,083,090-1.1%	EUR 35.56-1.1%
LR.PA (Legrand SA)	52,065	EUR 6,625,2711.2%	EUR 127.251.2%
EOAN.DE (E.ON SE)	406,180	EUR 6,401,397-1.2%	EUR 15.76-1.2%
LDO.MI (Leonardo SpA)	126,777	EUR 6,264,0520.4%	EUR 49.410.4%
TSCO.L (Tesco PLC)	1,164,299	GBP 5,846,017-0.5%	GBP 5.02106-0.5%
FER.MC (Ferrovial SE)	101,059	EUR 5,689,622-0.1%	EUR 56.3-0.1%
III.L (3I Group PLC)	151,169	GBP 5,601,944-0.8%	GBP 37.0575-0.8%
G.MI (Generali)	144,929	EUR 5,220,3430.8%	EUR 36.020.8%
ENGI.PA (Engie SA)	235,144	EUR 5,194,331-0.9%	EUR 22.09-0.9%
ORA.PA (Orange SA)	359,315	EUR 5,003,4610.1%	EUR 13.9250.1%
HO.PA (Thales SA)	20,321	EUR 4,683,9910.3%	EUR 230.50.3%
AV.L (Aviva PLC)	569,236	GBP 4,429,8360.7%	GBP 7.782070.7%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	51,718	EUR 4,377,929-0.3%	EUR 84.65-0.3%
RYA.IR (Ryanair Holdings PLC)	136,215	EUR 4,018,343	EUR 29.5
UCB.BR (UCB SA)	16,378	EUR 3,889,775-1.5%	EUR 237.5-1.5%
FRE.DE (Fresenius SE & Co KGaA)	77,933	EUR 3,783,6470.5%	EUR 48.550.5%
BAMI.MI (Banco BPM SpA)	295,417	EUR 3,782,815-0.9%	EUR 12.805-0.9%
SAB.MC (Banco de Sabadell SA)	1,077,090	EUR 3,638,410-1.2%	EUR 3.378-1.2%
PRY.MI (Prysmian SpA)	41,635	EUR 3,574,7810.8%	EUR 85.860.8%
AER (AerCap Holdings NV)	28,032	USD 3,471,5020.2%	USD 123.8410.2%
ABN.AS (ABN AMRO Bank NV)	116,909	EUR 3,460,506-0.1%	EUR 29.6-0.1%
NXT.L (Next PLC)	21,462	GBP 3,340,8680.2%	GBP 155.6640.2%
BPE.MI (BPER Banca SPA)	291,470	EUR 3,332,959-0.3%	EUR 11.435-0.3%
NN.AS (NN Group NV)	45,281	EUR 2,963,1890.4%	EUR 65.440.4%
MTX.DE (MTU Aero Engines AG)	8,075	EUR 2,868,240-1.2%	EUR 355.2-1.2%
KBC.BR (KBC Group NV)	25,608	EUR 2,862,974-0.2%	EUR 111.8-0.2%
SAMPO.HE (Sampo Oyj)	269,404	EUR 2,765,4320.6%	EUR 10.2650.6%
RWE.DE (RWE AG)	62,380	EUR 2,754,701-0.9%	EUR 44.16-0.9%
PST.MI (Poste Italiane SpA)	124,279	EUR 2,679,4550.3%	EUR 21.560.3%
NOKIA.HE (Nokia Oyj)	472,586	EUR 2,600,1680.8%	EUR 5.5020.8%
AENA.MC (Aena SME SA)	103,758	EUR 2,473,5911.1%	EUR 23.841.1%
KER.PA (Kering SA)	7,806	EUR 2,382,0010.9%	EUR 305.150.9%
FRES.L (Fresnillo PLC)	63,360	GBP 2,362,4563.1%	GBP 37.28623.1%
ELE.MC (Endesa SA)	76,804	EUR 2,361,723-0.9%	EUR 30.75-0.9%
BKT.MC (Bankinter SA)	162,153	EUR 2,292,033-0.8%	EUR 14.135-0.8%
A5G.IR (AIB Group PLC)	238,490	EUR 2,201,263-0.6%	EUR 9.23-0.6%
WRT1V.HE (Wartsila OYJ Abp)	70,902	EUR 2,141,9490.7%	EUR 30.210.7%
SMIN.L (Smiths Group PLC)	78,032	GBP 2,140,193-0.3%	GBP 27.4271-0.3%
REP.MC (Repsol SA)	129,622	EUR 2,059,0451.8%	EUR 15.8851.8%
G1A.DE (GEA Group AG)	31,686	EUR 1,818,7761.0%	EUR 57.41.0%
BIRG.IR (Bank of Ireland Group PLC)	107,511	EUR 1,762,105-0.3%	EUR 16.39-0.3%
ANTO.L (Antofagasta PLC)	46,903	GBP 1,699,4831.1%	GBP 36.2341.1%
SRG.MI (Snam SpA)	293,508	EUR 1,648,928-0.4%	EUR 5.618-0.4%
TLX.DE (Talanx AG)	13,836	EUR 1,573,1530.8%	EUR 113.70.8%
TIT.MI (Telecom Italia SpA/Milano)	2,977,915	EUR 1,533,0312.5%	EUR 0.51482.5%
MT.AS (ArcelorMittal SA)	38,926	EUR 1,492,4230.7%	EUR 38.340.7%
HLMA.L (Halma PLC)	35,915	GBP 1,479,6210.8%	GBP 41.19790.8%
CNA.L (Centrica PLC)	762,729	GBP 1,469,509-0.3%	GBP 1.92665-0.3%
ASRNL.AS (ASR Nederland NV)	23,008	EUR 1,395,6650.7%	EUR 60.660.7%
AGS.BR (Ageas SA/NV)	22,329	EUR 1,338,6241.9%	EUR 59.951.9%
ORNBV.HE (Orion Oyj)	20,405	EUR 1,287,5561.4%	EUR 63.11.4%
EN.PA (Bouygues SA)	27,425	EUR 1,220,687-0.1%	EUR 44.51-0.1%
INF.L (Informa PLC)	118,756	GBP 1,202,3420.9%	GBP 10.12450.9%
HAG.DE (Hensoldt AG)	15,612	EUR 1,147,482-0.1%	EUR 73.5-0.1%
METSO.HE (Metso Oyj)	77,824	EUR 1,141,6780.6%	EUR 14.670.6%
SN.L (Smith & Nephew PLC)	80,630	GBP 1,133,390-0.1%	GBP 14.0567-0.1%
JDEP.AS (JDE Peet's NV)	33,460	EUR 1,064,697-0.2%	EUR 31.82-0.2%
EDV.L (Endeavour Mining Corp)	21,410	GBP 976,0792.2%	GBP 45.58992.2%
PHNX.L (Phoenix Group Holdings PLC)	112,921	GBP 939,5910.1%	GBP 8.320780.1%
ANA.MC (Acciona SA)	5,017	EUR 930,152-0.6%	EUR 185.4-0.6%
BMED.MI (Banca Mediolanum SpA)	47,710	EUR 922,7110.2%	EUR 19.340.2%
BESI.AS (BE Semiconductor Industries NV)	6,722	EUR 881,9260.3%	EUR 131.20.3%
NESTE.HE (Neste Oyj)	47,017	EUR 878,5131.0%	EUR 18.6851.0%
HOT.DE (HOCHTIEF AG)	2,593	EUR 866,062-0.9%	EUR 334-0.9%
MNG.L (M&G Plc)	201,267	GBP 652,3840.3%	GBP 3.241390.3%
CON.DE (Continental AG)	9,503	EUR 631,950-0.6%	EUR 66.5001-0.6%
RBI.VI (Raiffeisen Bank International AG)	15,368	EUR 573,2260.1%	EUR 37.30.1%
ELI.BR (Elia Group SA/NV)	5,124	EUR 548,780-0.9%	EUR 107.1-0.9%
TUB.BR (Financiere de Tubize SA)	2,282	EUR 489,489-0.2%	EUR 214.5-0.2%
MAP.MC (Mapfre SA)	97,547	EUR 418,282-0.6%	EUR 4.288-0.6%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-22

IE00BQN1K786 ETF holdings on 2025-12-19 (Friday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,035,173 -5.6%	EUR 40,230,675-5.8%	EUR 9.97-0.3%
RR.L (Rolls-Royce Holdings PLC)	2,599,856 -5.6%	GBP 34,708,311-3.5%	GBP 13.35012.2%
ENR.DE (Siemens Energy AG)	236,625 -5.6%	EUR 28,430,494-5.1%	EUR 120.150.5%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,402,359 -5.6%	EUR 27,731,649-4.6%	EUR 19.7751.1%
RHM.DE (Rheinmetall AG)	17,494 -5.5%	EUR 27,281,893-5.0%	EUR 1559.50.6%
SIE.DE (Siemens AG)	110,369 -5.6%	EUR 26,047,084-5.5%	EUR 2360.1%
IBE.MC (Iberdrola SA)	1,347,012 -5.6%	EUR 24,529,089-4.2%	EUR 18.211.5%
SAF.PA (Safran SA)	77,879 -5.6%	EUR 23,854,338-4.1%	EUR 306.31.6%
HSBA.L (HSBC Holdings PLC)	1,764,021 -5.6%	GBP 23,489,454-4.3%	GBP 13.31591.3%
ASML.AS (ASML Holding NV)	25,040 -5.6%	EUR 22,576,064-4.6%	EUR 901.61.0%
BATS.L (British American Tobacco PLC)	460,273 -5.6%	GBP 22,246,914-6.8%	GBP 48.3342-1.2%
UCG.MI (UniCredit SpA)	290,524 -5.6%	EUR 20,470,321-6.2%	EUR 70.46-0.6%
DBK.DE (Deutsche Bank AG)	501,757 -5.6%	EUR 16,540,420-4.8%	EUR 32.9650.9%
BARC.L (Barclays PLC)	2,992,508 -5.6%	GBP 16,012,538-4.6%	GBP 5.350881.1%
ISP.MI (Intesa Sanpaolo SpA)	2,632,362 -5.6%	EUR 15,567,789-5.1%	EUR 5.9140.5%
SPOT (Spotify Technology SA)	30,161 -5.6%	USD 14,994,473-2.4%	USD 497.1483.4%
AIR.PA (Airbus SE)	76,512 -5.6%	EUR 14,984,110-4.7%	EUR 195.840.9%
EL.PA (EssilorLuxottica SA)	52,767 -5.6%	EUR 14,500,372-6.1%	EUR 274.8-0.5%
GLE.PA (Societe Generale SA)	210,298 -5.6%	EUR 14,333,912-5.0%	EUR 68.160.6%
LLOY.L (Lloyds Banking Group PLC)	12,448,217 -5.6%	GBP 13,837,371-4.6%	GBP 1.111591.0%
INGA.AS (ING Groep NV)	504,294 -5.6%	EUR 12,067,755-5.0%	EUR 23.930.7%
BA.L (BAE Systems plc)	566,225 -5.6%	GBP 11,138,446-5.3%	GBP 19.67140.4%
NWG.L (NatWest Group PLC)	1,502,567 -5.6%	GBP 11,054,961-5.1%	GBP 7.357380.5%
PRX.AS (Prosus NV)	202,729 -5.6%	EUR 10,854,111-3.4%	EUR 53.542.3%
CABK.MC (CaixaBank SA)	899,523 -5.7%	EUR 9,364,034-5.6%	EUR 10.410.1%
STAN.L (Standard Chartered PLC)	451,246 -5.7%	GBP 9,208,749-5.0%	GBP 20.40740.7%
HEI.DE (Heidelberg Materials AG)	39,927 -5.7%	EUR 8,771,962-5.6%	EUR 219.70.0%
EBS.VI (Erste Group Bank AG)	76,595 -5.7%	EUR 7,751,414-4.4%	EUR 101.21.3%
CBK.DE (Commerzbank AG)	199,187 -5.7%	EUR 7,158,781-4.0%	EUR 35.941.8%
LR.PA (Legrand SA)	52,065 -5.7%	EUR 6,547,174-4.9%	EUR 125.750.8%
EOAN.DE (E.ON SE)	406,180 -5.7%	EUR 6,476,540-4.5%	EUR 15.9451.3%
LDO.MI (Leonardo SpA)	126,777 -5.7%	EUR 6,239,964-3.9%	EUR 49.221.9%
TSCO.L (Tesco PLC)	1,164,299 -5.7%	GBP 5,873,316-5.5%	GBP 5.044510.3%
FER.MC (Ferrovial SE)	101,059 -5.7%	EUR 5,693,664-6.1%	EUR 56.34-0.4%
III.L (3I Group PLC)	151,169 -5.7%	GBP 5,649,010-5.7%	GBP 37.36880.0%
ENGI.PA (Engie SA)	235,144 -5.8%	EUR 5,239,008-4.6%	EUR 22.281.3%
G.MI (Generali)	144,929 -5.8%	EUR 5,178,313-4.3%	EUR 35.731.5%
ORA.PA (Orange SA)	359,315 -5.8%	EUR 4,998,072-5.5%	EUR 13.910.3%
HO.PA (Thales SA)	20,321 -5.8%	EUR 4,669,766-6.3%	EUR 229.8-0.6%
AV.L (Aviva PLC)	569,236 -5.8%	GBP 4,401,129-5.4%	GBP 7.731640.4%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	51,718 -5.8%	EUR 4,390,858-6.0%	EUR 84.9-0.2%
RYA.IR (Ryanair Holdings PLC)	136,215 -5.8%	EUR 4,018,343-6.2%	EUR 29.5-0.4%
UCB.BR (UCB SA)	16,378 -5.8%	EUR 3,950,374-3.9%	EUR 241.22.0%
BAMI.MI (Banco BPM SpA)	295,417 -5.8%	EUR 3,818,265-4.6%	EUR 12.9251.3%
FRE.DE (Fresenius SE & Co KGaA)	77,933 -5.8%	EUR 3,764,164-5.1%	EUR 48.30.8%
SAB.MC (Banco de Sabadell SA)	1,077,090 -5.8%	EUR 3,682,571-4.4%	EUR 3.4191.5%
PRY.MI (Prysmian SpA)	41,635 -5.8%	EUR 3,548,135-4.8%	EUR 85.221.1%
AER (AerCap Holdings NV)	28,032 -5.8%	USD 3,465,818-4.7%	USD 123.6381.2%
ABN.AS (ABN AMRO Bank NV)	116,909 -5.8%	EUR 3,464,014-5.5%	EUR 29.630.3%
BPE.MI (BPER Banca SPA)	291,470 -5.8%	EUR 3,343,161-5.2%	EUR 11.470.6%
NXT.L (Next PLC)	21,462 -5.8%	GBP 3,335,382-6.1%	GBP 155.409-0.3%
NN.AS (NN Group NV)	45,281 -5.8%	EUR 2,950,510-4.9%	EUR 65.161.0%
MTX.DE (MTU Aero Engines AG)	8,075 -5.8%	EUR 2,902,963-4.3%	EUR 359.51.6%
KBC.BR (KBC Group NV)	25,608 -5.8%	EUR 2,869,376-5.5%	EUR 112.050.3%
RWE.DE (RWE AG)	62,380 -5.8%	EUR 2,780,900-4.1%	EUR 44.581.9%
SAMPO.HE (Sampo Oyj)	269,404 -5.8%	EUR 2,747,921-6.0%	EUR 10.2-0.1%
PST.MI (Poste Italiane SpA)	124,279 -5.8%	EUR 2,671,999-4.3%	EUR 21.51.7%
NOKIA.HE (Nokia Oyj)	472,586 -5.8%	EUR 2,579,374-5.3%	EUR 5.4580.5%
AENA.MC (Aena SME SA)	103,758 -5.8%	EUR 2,446,614-6.0%	EUR 23.58-0.2%
ELE.MC (Endesa SA)	76,804 -5.8%	EUR 2,382,460-4.8%	EUR 31.021.1%
KER.PA (Kering SA)	7,806 -5.8%	EUR 2,361,705-8.1%	EUR 302.55-2.5%
BKT.MC (Bankinter SA)	162,153 -5.8%	EUR 2,311,491-5.5%	EUR 14.2550.3%
FRES.L (Fresnillo PLC)	63,360 -5.8%	GBP 2,291,779-3.2%	GBP 36.17082.8%
A5G.IR (AIB Group PLC)	238,490 -7.0%	EUR 2,214,380-6.0%	EUR 9.2851.0%
SMIN.L (Smiths Group PLC)	78,032 -5.8%	GBP 2,147,575-5.2%	GBP 27.52170.7%
WRT1V.HE (Wartsila OYJ Abp)	70,902 -5.8%	EUR 2,127,060-4.4%	EUR 301.5%
REP.MC (Repsol SA)	129,622 -5.8%	EUR 2,022,103-4.8%	EUR 15.61.1%
G1A.DE (GEA Group AG)	31,686 -5.8%	EUR 1,801,349-5.9%	EUR 56.85-0.1%
BIRG.IR (Bank of Ireland Group PLC)	107,511 -5.8%	EUR 1,768,018-5.8%	EUR 16.4450.1%
ANTO.L (Antofagasta PLC)	46,903 -5.8%	GBP 1,680,997-5.2%	GBP 35.83990.6%
SRG.MI (Snam SpA)	293,508 -5.8%	EUR 1,655,972-4.8%	EUR 5.6421.0%
TLX.DE (Talanx AG)	13,836 -5.8%	EUR 1,560,701-5.6%	EUR 112.80.2%
TIT.MI (Telecom Italia SpA/Milano)	2,977,915 -5.8%	EUR 1,494,913-4.2%	EUR 0.5021.8%
MT.AS (ArcelorMittal SA)	38,926 -5.8%	EUR 1,482,691-7.3%	EUR 38.09-1.6%
CNA.L (Centrica PLC)	762,729 -5.8%	GBP 1,474,287-4.8%	GBP 1.932911.1%
HLMA.L (Halma PLC)	35,915 -5.8%	GBP 1,467,911-4.9%	GBP 40.87181.0%
ASRNL.AS (ASR Nederland NV)	23,008 -5.8%	EUR 1,386,462-5.3%	EUR 60.260.6%
AGS.BR (Ageas SA/NV)	22,329 -5.8%	EUR 1,314,062-6.3%	EUR 58.85-0.5%
ORNBV.HE (Orion Oyj)	20,405 -5.8%	EUR 1,269,191-4.4%	EUR 62.21.5%
EN.PA (Bouygues SA)	27,425 -5.8%	EUR 1,222,058-6.2%	EUR 44.56-0.4%
INF.L (Informa PLC)	118,756 -5.8%	GBP 1,191,627-5.4%	GBP 10.03420.4%
HAG.DE (Hensoldt AG)	15,612 -5.8%	EUR 1,149,043-5.0%	EUR 73.60.9%
SN.L (Smith & Nephew PLC)	80,630 -5.8%	GBP 1,134,839-5.7%	GBP 14.07460.1%
METSO.HE (Metso Oyj)	77,824 -5.8%	EUR 1,134,674-6.5%	EUR 14.58-0.7%
JDEP.AS (JDE Peet's NV)	33,460 -5.8%	EUR 1,066,705-5.4%	EUR 31.880.4%
EDV.L (Endeavour Mining Corp)	21,410 -5.8%	GBP 955,194-2.9%	GBP 44.61443.1%
PHNX.L (Phoenix Group Holdings PLC)	112,921 -5.8%	GBP 938,648-5.7%	GBP 8.312430.1%
ANA.MC (Acciona SA)	5,017 -5.7%	EUR 935,671-3.1%	EUR 186.52.8%
BMED.MI (Banca Mediolanum SpA)	47,710 -5.8%	EUR 921,280-5.2%	EUR 19.310.7%
BESI.AS (BE Semiconductor Industries NV)	6,722 -5.8%	EUR 878,902-6.3%	EUR 130.75-0.5%
HOT.DE (HOCHTIEF AG)	2,593 -5.6%	EUR 873,841-3.9%	EUR 3371.8%
NESTE.HE (Neste Oyj)	47,017 -5.8%	EUR 869,815-5.4%	EUR 18.50.4%
MNG.L (M&G Plc)	201,267 -5.8%	GBP 650,605-5.0%	GBP 3.232550.8%
CON.DE (Continental AG)	9,503 -5.8%	EUR 635,751-5.5%	EUR 66.90.3%
RBI.VI (Raiffeisen Bank International AG)	15,368 -5.8%	EUR 572,612-3.1%	EUR 37.262.9%
ELI.BR (Elia Group SA/NV)	5,124 -5.8%	EUR 553,904-6.0%	EUR 108.1-0.2%
TUB.BR (Financiere de Tubize SA)	2,282 -5.6%	EUR 490,630-3.1%	EUR 2152.6%
MAP.MC (Mapfre SA)	97,547 -5.8%	EUR 421,013-4.3%	EUR 4.3161.6%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-19

IE00BQN1K786 ETF holdings on 2025-12-18 (Thursday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,273,313 -1.2%	EUR 42,711,7630.0%	EUR 9.9951.3%
RR.L (Rolls-Royce Holdings PLC)	2,753,432 -1.2%	GBP 35,976,9012.7%	GBP 13.06624.0%
ENR.DE (Siemens Energy AG)	250,611 -1.2%	EUR 29,973,0762.2%	EUR 119.63.5%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,485,321 -1.2%	EUR 29,060,3050.7%	EUR 19.5652.0%
RHM.DE (Rheinmetall AG)	18,520 -1.2%	EUR 28,706,0000.3%	EUR 15501.5%
SIE.DE (Siemens AG)	116,894 -1.2%	EUR 27,563,6050.1%	EUR 235.81.4%
IBE.MC (Iberdrola SA)	1,426,779 -1.2%	EUR 25,603,549-1.2%	EUR 17.945
SAF.PA (Safran SA)	82,487 -1.2%	EUR 24,861,5821.4%	EUR 301.42.6%
HSBA.L (HSBC Holdings PLC)	1,868,520 -1.2%	GBP 24,551,046-0.3%	GBP 13.13930.9%
BATS.L (British American Tobacco PLC)	487,543 -1.2%	GBP 23,860,917-1.0%	GBP 48.94120.3%
ASML.AS (ASML Holding NV)	26,516 -1.2%	EUR 23,670,8330.9%	EUR 892.72.1%
UCG.MI (UniCredit SpA)	307,750 -1.2%	EUR 21,819,475-0.7%	EUR 70.90.6%
DBK.DE (Deutsche Bank AG)	531,592 -1.2%	EUR 17,369,7692.0%	EUR 32.6753.2%
BARC.L (Barclays PLC)	3,170,528 -1.2%	GBP 16,777,1140.1%	GBP 5.291581.3%
ISP.MI (Intesa Sanpaolo SpA)	2,788,998 -1.2%	EUR 16,410,464-0.3%	EUR 5.8840.9%
AIR.PA (Airbus SE)	81,066 -1.2%	EUR 15,730,0470.7%	EUR 194.041.9%
EL.PA (EssilorLuxottica SA)	55,899 -1.2%	EUR 15,444,894-0.3%	EUR 276.30.9%
SPOT (Spotify Technology SA)	31,952 -1.2%	USD 15,362,136-1.4%	USD 480.788-0.2%
GLE.PA (Societe Generale SA)	222,826 -1.2%	EUR 15,089,7770.0%	EUR 67.721.2%
LLOY.L (Lloyds Banking Group PLC)	13,180,907 -1.4%	GBP 14,503,583-0.8%	GBP 1.100350.6%
INGA.AS (ING Groep NV)	534,417 -1.2%	EUR 12,705,7640.2%	EUR 23.7751.5%
BA.L (BAE Systems plc)	600,074 -1.2%	GBP 11,757,6061.0%	GBP 19.59362.2%
NWG.L (NatWest Group PLC)	1,592,459 -1.2%	GBP 11,655,050-0.6%	GBP 7.31890.7%
PRX.AS (Prosus NV)	214,861 -1.2%	EUR 11,241,5280.4%	EUR 52.321.6%
CABK.MC (CaixaBank SA)	953,505 -1.2%	EUR 9,916,452-0.4%	EUR 10.40.8%
STAN.L (Standard Chartered PLC)	478,336 -1.2%	GBP 9,689,194-0.5%	GBP 20.2560.8%
HEI.DE (Heidelberg Materials AG)	42,321 -1.2%	EUR 9,293,6920.3%	EUR 219.61.6%
EBS.VI (Erste Group Bank AG)	81,203 -1.2%	EUR 8,112,180-0.5%	EUR 99.90.8%
CBK.DE (Commerzbank AG)	211,220 -1.3%	EUR 7,460,290-0.5%	EUR 35.320.8%
LR.PA (Legrand SA)	55,215 -1.3%	EUR 6,888,071-0.4%	EUR 124.750.9%
EOAN.DE (E.ON SE)	430,813 -1.3%	EUR 6,783,151-0.8%	EUR 15.7450.4%
LDO.MI (Leonardo SpA)	134,472 -1.3%	EUR 6,494,9982.8%	EUR 48.34.1%
TSCO.L (Tesco PLC)	1,235,093 -1.3%	GBP 6,213,967-0.7%	GBP 5.031170.6%
FER.MC (Ferrovial SE)	107,206 -1.3%	EUR 6,063,571-1.6%	EUR 56.56-0.4%
III.L (3I Group PLC)	160,367 -1.3%	GBP 5,991,2700.7%	GBP 37.35972.0%
ENGI.PA (Engie SA)	249,499 -1.3%	EUR 5,488,978-0.3%	EUR 221.0%
G.MI (Generali)	153,785 -1.3%	EUR 5,411,694-1.5%	EUR 35.19-0.2%
ORA.PA (Orange SA)	381,284 -1.3%	EUR 5,290,316-0.9%	EUR 13.8750.3%
HO.PA (Thales SA)	21,563 -1.3%	EUR 4,985,3660.3%	EUR 231.21.6%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	54,895 -1.3%	EUR 4,668,8200.8%	EUR 85.052.1%
AV.L (Aviva PLC)	604,246 -1.3%	GBP 4,651,543-0.2%	GBP 7.698091.1%
RYA.IR (Ryanair Holdings PLC)	144,621 -1.3%	EUR 4,283,674-0.7%	EUR 29.620.6%
UCB.BR (UCB SA)	17,386 -1.3%	EUR 4,110,050-0.7%	EUR 236.40.6%
BAMI.MI (Banco BPM SpA)	313,678 -1.3%	EUR 4,002,531-1.2%	EUR 12.760.1%
FRE.DE (Fresenius SE & Co KGaA)	82,748 -1.3%	EUR 3,965,284-1.0%	EUR 47.920.3%
SAB.MC (Banco de Sabadell SA)	1,143,681 -1.3%	EUR 3,851,918-0.9%	EUR 3.3680.4%
PRY.MI (Prysmian SpA)	44,200 -1.3%	EUR 3,726,9441.6%	EUR 84.322.9%
ABN.AS (ABN AMRO Bank NV)	124,136 -1.3%	EUR 3,665,736-0.5%	EUR 29.530.8%
AER (AerCap Holdings NV)	29,760 -1.3%	USD 3,636,5720.6%	USD 122.1971.9%
NXT.L (Next PLC)	22,785 -1.3%	GBP 3,550,9610.6%	GBP 155.8461.9%
BPE.MI (BPER Banca SPA)	309,488 -1.3%	EUR 3,528,1630.4%	EUR 11.41.7%
NN.AS (NN Group NV)	48,071 -1.3%	EUR 3,101,541-0.8%	EUR 64.520.4%
KBC.BR (KBC Group NV)	27,192 -1.3%	EUR 3,037,346-1.5%	EUR 111.7-0.2%
MTX.DE (MTU Aero Engines AG)	8,570 -1.3%	EUR 3,033,780-0.2%	EUR 3541.1%
SAMPO.HE (Sampo Oyj)	286,063 -1.3%	EUR 2,922,134-0.5%	EUR 10.2150.8%
RWE.DE (RWE AG)	66,232 -1.3%	EUR 2,898,312-1.5%	EUR 43.76-0.2%
PST.MI (Poste Italiane SpA)	131,956 -1.3%	EUR 2,790,869-0.5%	EUR 21.150.8%
NOKIA.HE (Nokia Oyj)	501,782 -1.3%	EUR 2,724,6760.9%	EUR 5.432.2%
AENA.MC (Aena SME SA)	110,166 -1.3%	EUR 2,603,223-0.6%	EUR 23.630.7%
KER.PA (Kering SA)	8,283 -1.3%	EUR 2,570,215-2.1%	EUR 310.3-0.9%
ELE.MC (Endesa SA)	81,547 -1.3%	EUR 2,501,862-0.6%	EUR 30.680.7%
BKT.MC (Bankinter SA)	172,170 -1.3%	EUR 2,446,536-0.6%	EUR 14.210.7%
FRES.L (Fresnillo PLC)	67,275 -1.3%	GBP 2,368,1533.3%	GBP 35.20114.6%
A5G.IR (AIB Group PLC)	256,317	EUR 2,356,8351.6%	EUR 9.1951.6%
SMIN.L (Smiths Group PLC)	82,856 -1.3%	GBP 2,265,5391.5%	GBP 27.34312.9%
WRT1V.HE (Wartsila OYJ Abp)	75,285 -1.3%	EUR 2,224,672-0.4%	EUR 29.550.9%
REP.MC (Repsol SA)	137,632 -1.3%	EUR 2,124,350-1.4%	EUR 15.435-0.1%
G1A.DE (GEA Group AG)	33,639 -1.3%	EUR 1,914,059-0.6%	EUR 56.90.7%
BIRG.IR (Bank of Ireland Group PLC)	114,153 -1.3%	EUR 1,876,1050.0%	EUR 16.4351.3%
ANTO.L (Antofagasta PLC)	49,801 -1.3%	GBP 1,773,526-0.1%	GBP 35.61231.2%
SRG.MI (Snam SpA)	311,652 -1.3%	EUR 1,740,265-1.3%	EUR 5.584-0.1%
TLX.DE (Talanx AG)	14,682 -1.3%	EUR 1,653,193-0.4%	EUR 112.60.9%
MT.AS (ArcelorMittal SA)	41,329 -1.3%	EUR 1,599,8460.0%	EUR 38.711.3%
TIT.MI (Telecom Italia SpA/Milano)	3,162,037 -1.3%	EUR 1,559,833-1.9%	EUR 0.4933-0.6%
CNA.L (Centrica PLC)	809,880 -1.3%	GBP 1,548,458-0.3%	GBP 1.911960.9%
HLMA.L (Halma PLC)	38,129 -1.3%	GBP 1,543,3790.1%	GBP 40.47781.4%
ASRNL.AS (ASR Nederland NV)	24,430 -1.3%	EUR 1,463,846-0.7%	EUR 59.920.6%
AGS.BR (Ageas SA/NV)	23,706 -1.3%	EUR 1,402,210-1.1%	EUR 59.150.2%
ORNBV.HE (Orion Oyj)	21,656 -1.3%	EUR 1,327,513-0.3%	EUR 61.31.0%
EN.PA (Bouygues SA)	29,108 -1.3%	EUR 1,302,8740.5%	EUR 44.761.8%
INF.L (Informa PLC)	126,091 -1.3%	GBP 1,259,554-0.4%	GBP 9.989250.9%
METSO.HE (Metso Oyj)	82,630 -1.3%	EUR 1,213,0081.4%	EUR 14.682.7%
HAG.DE (Hensoldt AG)	16,575 -1.3%	EUR 1,209,1460.4%	EUR 72.951.7%
SN.L (Smith & Nephew PLC)	85,607 -1.3%	GBP 1,203,135-0.5%	GBP 14.05420.8%
JDEP.AS (JDE Peet's NV)	35,521 -1.3%	EUR 1,128,147-1.1%	EUR 31.760.1%
PHNX.L (Phoenix Group Holdings PLC)	119,896 -1.3%	GBP 995,5490.0%	GBP 8.303441.3%
EDV.L (Endeavour Mining Corp)	22,733 -1.3%	GBP 984,0550.9%	GBP 43.28752.2%
BMED.MI (Banca Mediolanum SpA)	50,653 -1.3%	EUR 971,5250.0%	EUR 19.181.3%
ANA.MC (Acciona SA)	5,323 -1.3%	EUR 965,592-1.4%	EUR 181.4-0.2%
BESI.AS (BE Semiconductor Industries NV)	7,136 -1.3%	EUR 938,0270.4%	EUR 131.451.7%
NESTE.HE (Neste Oyj)	49,924 -1.3%	EUR 919,600-0.9%	EUR 18.420.4%
HOT.DE (HOCHTIEF AG)	2,746 -1.2%	EUR 908,9262.2%	EUR 3313.4%
MNG.L (M&G Plc)	213,696 -1.3%	GBP 685,113-0.2%	GBP 3.206021.1%
CON.DE (Continental AG)	10,088 -1.3%	EUR 672,8700.2%	EUR 66.71.5%
RBI.VI (Raiffeisen Bank International AG)	16,322 -1.3%	EUR 591,183-3.9%	EUR 36.22-2.6%
ELI.BR (Elia Group SA/NV)	5,439 -1.3%	EUR 589,0440.6%	EUR 108.31.9%
TUB.BR (Financiere de Tubize SA)	2,417 -1.2%	EUR 506,362-1.2%	EUR 209.5
MAP.MC (Mapfre SA)	103,568 -1.3%	EUR 439,957-0.9%	EUR 4.2480.4%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-18

IE00BQN1K786 ETF holdings on 2025-12-17 (Wednesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,326,237 -0.6%	EUR 42,704,2850.0%	EUR 9.8710.6%
RR.L (Rolls-Royce Holdings PLC)	2,787,568 -0.6%	GBP 35,018,013-0.2%	GBP 12.56220.4%
ENR.DE (Siemens Energy AG)	253,721 -0.6%	EUR 29,317,462-3.8%	EUR 115.55-3.2%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,503,759 -0.6%	EUR 28,857,135-1.2%	EUR 19.19-0.6%
RHM.DE (Rheinmetall AG)	18,748 -0.6%	EUR 28,628,1961.1%	EUR 15271.7%
SIE.DE (Siemens AG)	118,344 -0.6%	EUR 27,532,732-2.6%	EUR 232.65-2.0%
IBE.MC (Iberdrola SA)	1,444,503 -0.6%	EUR 25,921,606-0.7%	EUR 17.945-0.2%
HSBA.L (HSBC Holdings PLC)	1,891,740 -0.6%	GBP 24,622,7142.1%	GBP 13.01592.7%
SAF.PA (Safran SA)	83,511 -0.6%	EUR 24,527,181-0.6%	EUR 293.7
BATS.L (British American Tobacco PLC)	493,603 -0.6%	GBP 24,093,999-0.5%	GBP 48.81250.1%
ASML.AS (ASML Holding NV)	26,844 -0.6%	EUR 23,461,656-4.4%	EUR 874-3.8%
UCG.MI (UniCredit SpA)	311,578 -0.6%	EUR 21,966,2490.9%	EUR 70.51.4%
DBK.DE (Deutsche Bank AG)	538,224 -0.6%	EUR 17,034,790-1.1%	EUR 31.65-0.5%
BARC.L (Barclays PLC)	3,210,092 -0.6%	GBP 16,765,2331.1%	GBP 5.222661.7%
ISP.MI (Intesa Sanpaolo SpA)	2,823,810 -0.6%	EUR 16,462,8120.2%	EUR 5.830.8%
AIR.PA (Airbus SE)	82,078 -0.6%	EUR 15,627,651-1.9%	EUR 190.4-1.3%
SPOT (Spotify Technology SA)	32,350 -0.6%	USD 15,583,428-2.6%	USD 481.713-2.1%
EL.PA (EssilorLuxottica SA)	56,595 -0.6%	EUR 15,490,052-2.2%	EUR 273.7-1.6%
GLE.PA (Societe Generale SA)	225,610 -0.6%	EUR 15,093,3093.4%	EUR 66.93.9%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,615,6381.0%	GBP 1.093661.0%
INGA.AS (ING Groep NV)	541,113 -0.6%	EUR 12,678,278-0.4%	EUR 23.430.2%
NWG.L (NatWest Group PLC)	1,612,437 -0.6%	GBP 11,723,3490.1%	GBP 7.270580.7%
BA.L (BAE Systems plc)	607,602 -0.6%	GBP 11,643,1730.4%	GBP 19.16251.0%
PRX.AS (Prosus NV)	217,557 -0.6%	EUR 11,199,834-2.4%	EUR 51.48-1.9%
CABK.MC (CaixaBank SA)	965,505 -0.6%	EUR 9,959,1840.9%	EUR 10.3151.5%
STAN.L (Standard Chartered PLC)	484,358 -0.6%	GBP 9,734,266-0.1%	GBP 20.09730.5%
HEI.DE (Heidelberg Materials AG)	42,853 -0.6%	EUR 9,264,819-3.9%	EUR 216.2-3.4%
EBS.VI (Erste Group Bank AG)	82,227 -0.6%	EUR 8,152,8070.0%	EUR 99.150.6%
CBK.DE (Commerzbank AG)	213,896 -0.6%	EUR 7,497,0550.9%	EUR 35.051.5%
LR.PA (Legrand SA)	55,915 -0.6%	EUR 6,913,890-1.9%	EUR 123.65-1.3%
EOAN.DE (E.ON SE)	436,285 -0.6%	EUR 6,840,9491.3%	EUR 15.681.9%
LDO.MI (Leonardo SpA)	136,184 -0.6%	EUR 6,318,938-0.3%	EUR 46.40.3%
TSCO.L (Tesco PLC)	1,250,823 -0.6%	GBP 6,258,149-0.9%	GBP 5.00322-0.4%
FER.MC (Ferrovial SE)	108,572 -0.6%	EUR 6,164,718-1.1%	EUR 56.78-0.5%
III.L (3I Group PLC)	162,413 -0.6%	GBP 5,948,616-0.5%	GBP 36.62650.1%
ENGI.PA (Engie SA)	252,691 -0.6%	EUR 5,506,137-0.3%	EUR 21.790.3%
G.MI (Generali)	155,753 -0.6%	EUR 5,491,8511.6%	EUR 35.262.2%
ORA.PA (Orange SA)	386,168 -0.6%	EUR 5,340,7030.4%	EUR 13.831.0%
HO.PA (Thales SA)	21,839 -0.6%	EUR 4,968,373-0.6%	EUR 227.5
AV.L (Aviva PLC)	612,030 -0.6%	GBP 4,660,512-0.2%	GBP 7.614840.4%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,601 -0.6%	EUR 4,631,563-2.9%	EUR 83.3-2.3%
RYA.IR (Ryanair Holdings PLC)	146,491 -0.6%	EUR 4,314,160-0.8%	EUR 29.45-0.2%
UCB.BR (UCB SA)	17,610 -0.6%	EUR 4,140,111-1.6%	EUR 235.1-1.0%
BAMI.MI (Banco BPM SpA)	317,738 -0.6%	EUR 4,049,5711.2%	EUR 12.7451.8%
FRE.DE (Fresenius SE & Co KGaA)	83,818 -0.6%	EUR 4,004,8240.1%	EUR 47.780.7%
SAB.MC (Banco de Sabadell SA)	1,158,487 -0.6%	EUR 3,886,724-0.1%	EUR 3.3550.5%
ABN.AS (ABN AMRO Bank NV)	125,742 -0.6%	EUR 3,685,4980.1%	EUR 29.310.7%
PRY.MI (Prysmian SpA)	44,772 -0.6%	EUR 3,667,722-2.8%	EUR 81.92-2.2%
AER (AerCap Holdings NV)	30,144 -0.6%	USD 3,614,613-1.0%	USD 119.912-0.4%
NXT.L (Next PLC)	23,079 -0.6%	GBP 3,530,644-0.4%	GBP 152.9810.2%
BPE.MI (BPER Banca SPA)	313,494 -0.6%	EUR 3,512,7002.1%	EUR 11.2052.7%
NN.AS (NN Group NV)	48,691 -0.6%	EUR 3,127,910-0.5%	EUR 64.240.1%
KBC.BR (KBC Group NV)	27,544 -0.6%	EUR 3,082,1740.7%	EUR 111.91.3%
MTX.DE (MTU Aero Engines AG)	8,680 -0.6%	EUR 3,039,736-0.9%	EUR 350.2-0.3%
RWE.DE (RWE AG)	67,088 -0.6%	EUR 2,942,480-0.6%	EUR 43.860.0%
SAMPO.HE (Sampo Oyj)	289,767 -0.6%	EUR 2,936,7890.4%	EUR 10.1350.9%
PST.MI (Poste Italiane SpA)	133,664 -0.6%	EUR 2,804,2710.2%	EUR 20.980.8%
NOKIA.HE (Nokia Oyj)	508,274 -0.6%	EUR 2,700,9680.1%	EUR 5.3140.7%
KER.PA (Kering SA)	8,389 -0.6%	EUR 2,625,7570.4%	EUR 3131.0%
AENA.MC (Aena SME SA)	111,590 -0.6%	EUR 2,619,017-0.6%	EUR 23.47
ELE.MC (Endesa SA)	82,603 -0.6%	EUR 2,517,739-1.3%	EUR 30.48-0.7%
BKT.MC (Bankinter SA)	174,398 -0.6%	EUR 2,461,6280.2%	EUR 14.1150.7%
A5G.IR (AIB Group PLC)	256,317	EUR 2,319,6690.2%	EUR 9.050.2%
FRES.L (Fresnillo PLC)	68,145 -0.6%	GBP 2,293,1620.4%	GBP 33.65121.0%
WRT1V.HE (Wartsila OYJ Abp)	76,259 -0.6%	EUR 2,233,626-3.2%	EUR 29.29-2.6%
SMIN.L (Smiths Group PLC)	83,928 -0.6%	GBP 2,231,104-0.3%	GBP 26.58350.3%
REP.MC (Repsol SA)	139,414 -0.6%	EUR 2,154,6430.2%	EUR 15.4550.8%
G1A.DE (GEA Group AG)	34,073 -0.6%	EUR 1,925,125-1.1%	EUR 56.5-0.5%
BIRG.IR (Bank of Ireland Group PLC)	115,631 -0.6%	EUR 1,875,5350.6%	EUR 16.221.2%
ANTO.L (Antofagasta PLC)	50,445 -0.6%	GBP 1,775,7420.7%	GBP 35.20151.3%
SRG.MI (Snam SpA)	315,688 -0.6%	EUR 1,764,065-0.1%	EUR 5.5880.5%
TLX.DE (Talanx AG)	14,872 -0.6%	EUR 1,659,715-0.3%	EUR 111.60.3%
MT.AS (ArcelorMittal SA)	41,863 -0.6%	EUR 1,599,585-2.1%	EUR 38.21-1.5%
TIT.MI (Telecom Italia SpA/Milano)	3,202,977 -0.6%	EUR 1,589,317-1.4%	EUR 0.4962-0.8%
CNA.L (Centrica PLC)	820,364 -0.6%	GBP 1,553,7870.0%	GBP 1.894020.6%
HLMA.L (Halma PLC)	38,621 -0.6%	GBP 1,541,786-1.9%	GBP 39.9209-1.3%
ASRNL.AS (ASR Nederland NV)	24,746 -0.6%	EUR 1,474,367-0.5%	EUR 59.580.1%
AGS.BR (Ageas SA/NV)	24,012 -0.6%	EUR 1,417,9090.8%	EUR 59.051.4%
ORNBV.HE (Orion Oyj)	21,936 -0.6%	EUR 1,331,515-2.0%	EUR 60.7-1.4%
EN.PA (Bouygues SA)	29,482 -0.6%	EUR 1,296,324-0.7%	EUR 43.97-0.1%
INF.L (Informa PLC)	127,721 -0.6%	GBP 1,264,057-0.1%	GBP 9.897020.5%
SN.L (Smith & Nephew PLC)	86,715 -0.6%	GBP 1,208,9410.8%	GBP 13.94151.4%
HAG.DE (Hensoldt AG)	16,789 -0.6%	EUR 1,204,6112.5%	EUR 71.753.1%
METSO.HE (Metso Oyj)	83,698 -0.6%	EUR 1,196,463-3.1%	EUR 14.295-2.6%
JDEP.AS (JDE Peet's NV)	35,979 -0.6%	EUR 1,141,254-0.5%	EUR 31.720.1%
PHNX.L (Phoenix Group Holdings PLC)	121,446 -0.6%	GBP 995,3972.7%	GBP 8.196213.3%
ANA.MC (Acciona SA)	5,391 -0.6%	EUR 979,545-2.0%	EUR 181.7-1.4%
EDV.L (Endeavour Mining Corp)	23,027 -0.6%	GBP 975,433-0.4%	GBP 42.36040.2%
BMED.MI (Banca Mediolanum SpA)	51,307 -0.6%	EUR 971,755-0.6%	EUR 18.94
BESI.AS (BE Semiconductor Industries NV)	7,228 -0.6%	EUR 934,580-3.8%	EUR 129.3-3.2%
NESTE.HE (Neste Oyj)	50,570 -0.6%	EUR 928,2120.2%	EUR 18.3550.8%
HOT.DE (HOCHTIEF AG)	2,780 -0.6%	EUR 889,600-4.2%	EUR 320-3.7%
MNG.L (M&G Plc)	216,460 -0.6%	GBP 686,466-0.5%	GBP 3.171330.0%
CON.DE (Continental AG)	10,218 -0.6%	EUR 671,527-1.8%	EUR 65.72-1.2%
RBI.VI (Raiffeisen Bank International AG)	16,534 -0.6%	EUR 615,065-2.0%	EUR 37.2-1.4%
ELI.BR (Elia Group SA/NV)	5,509 -0.6%	EUR 585,6071.8%	EUR 106.32.4%
TUB.BR (Financiere de Tubize SA)	2,447 -0.6%	EUR 512,647-2.2%	EUR 209.5-1.6%
MAP.MC (Mapfre SA)	104,908 -0.6%	EUR 443,9710.9%	EUR 4.2321.5%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-17

IE00BQN1K786 ETF holdings on 2025-12-16 (Tuesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 42,712,039-0.6%	EUR 9.817-0.6%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,085,041-1.3%	GBP 12.5151-1.3%
ENR.DE (Siemens Energy AG)	255,165	EUR 30,466,701-0.3%	EUR 119.4-0.3%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 29,195,396-1.3%	EUR 19.305-1.3%
RHM.DE (Rheinmetall AG)	18,854	EUR 28,318,708-4.5%	EUR 1502-4.5%
SIE.DE (Siemens AG)	119,017	EUR 28,266,538-0.7%	EUR 237.5-0.7%
IBE.MC (Iberdrola SA)	1,452,736	EUR 26,112,930-0.7%	EUR 17.975-0.7%
SAF.PA (Safran SA)	83,987	EUR 24,666,9820.2%	EUR 293.70.2%
ASML.AS (ASML Holding NV)	26,997	EUR 24,529,474-2.4%	EUR 908.6-2.4%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,205,808-0.3%	GBP 48.7608-0.3%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 24,109,534-1.1%	GBP 12.6723-1.1%
UCG.MI (UniCredit SpA)	313,357	EUR 21,778,3120.7%	EUR 69.50.7%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,218,912-0.9%	EUR 31.81-0.9%
BARC.L (Barclays PLC)	3,228,477	GBP 16,575,807-0.7%	GBP 5.13425-0.7%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,423,633-0.1%	EUR 5.783-0.1%
SPOT (Spotify Technology SA)	32,535	USD 16,006,8330.3%	USD 491.9880.3%
AIR.PA (Airbus SE)	82,548	EUR 15,928,462-1.6%	EUR 192.96-1.6%
EL.PA (EssilorLuxottica SA)	56,919	EUR 15,834,866-1.5%	EUR 278.2-1.5%
GLE.PA (Societe Generale SA)	226,904	EUR 14,603,5410.0%	EUR 64.360.0%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,473,6830.0%	GBP 1.083040.0%
INGA.AS (ING Groep NV)	544,223	EUR 12,723,9340.2%	EUR 23.380.2%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,711,7410.6%	GBP 7.22180.6%
BA.L (BAE Systems plc)	611,100	GBP 11,593,818-1.6%	GBP 18.972-1.6%
PRX.AS (Prosus NV)	218,809	EUR 11,478,720-0.8%	EUR 52.46-0.8%
CABK.MC (CaixaBank SA)	971,082	EUR 9,866,1930.3%	EUR 10.160.3%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,739,307-0.3%	GBP 19.9922-0.3%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,645,7800.1%	EUR 223.80.1%
EBS.VI (Erste Group Bank AG)	82,704	EUR 8,154,6141.5%	EUR 98.61.5%
CBK.DE (Commerzbank AG)	215,140	EUR 7,426,633-1.9%	EUR 34.52-1.9%
LR.PA (Legrand SA)	56,240	EUR 7,046,872-0.4%	EUR 125.3-0.4%
EOAN.DE (E.ON SE)	438,829	EUR 6,753,5780.2%	EUR 15.390.2%
LDO.MI (Leonardo SpA)	136,979	EUR 6,338,018-3.9%	EUR 46.27-3.9%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,316,8840.4%	GBP 5.020840.4%
FER.MC (Ferrovial SE)	109,206	EUR 6,233,478-0.9%	EUR 57.08-0.9%
III.L (3I Group PLC)	163,364	GBP 5,977,1171.8%	GBP 36.58771.8%
ENGI.PA (Engie SA)	254,174	EUR 5,523,201-0.1%	EUR 21.73-0.1%
G.MI (Generali)	156,668	EUR 5,403,4790.4%	EUR 34.490.4%
ORA.PA (Orange SA)	388,438	EUR 5,319,658-1.2%	EUR 13.695-1.2%
HO.PA (Thales SA)	21,968	EUR 4,997,720-1.6%	EUR 227.5-1.6%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,767,947-1.5%	EUR 85.25-1.5%
AV.L (Aviva PLC)	615,648	GBP 4,669,234-0.1%	GBP 7.58426-0.1%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,350,067-0.3%	EUR 29.52-0.3%
UCB.BR (UCB SA)	17,714	EUR 4,207,075-0.3%	EUR 237.5-0.3%
BAMI.MI (Banco BPM SpA)	319,623	EUR 4,000,082-1.5%	EUR 12.515-1.5%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 3,999,060-2.2%	EUR 47.43-2.2%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,891,160-0.3%	EUR 3.339-0.3%
PRY.MI (Prysmian SpA)	45,037	EUR 3,772,299-0.5%	EUR 83.76-0.5%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,683,331-1.1%	EUR 29.12-1.1%
AER (AerCap Holdings NV)	30,323	USD 3,650,869-0.1%	USD 120.399-0.1%
NXT.L (Next PLC)	23,216	GBP 3,543,222-0.1%	GBP 152.62-0.1%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,442,100-1.0%	EUR 10.915-1.0%
NN.AS (NN Group NV)	48,979	EUR 3,143,4720.0%	EUR 64.180.0%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,066,327-1.1%	EUR 351.2-1.1%
KBC.BR (KBC Group NV)	27,707	EUR 3,061,6240.0%	EUR 110.50.0%
RWE.DE (RWE AG)	67,487	EUR 2,961,3300.3%	EUR 43.880.3%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,926,5190.3%	EUR 10.040.3%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,799,395-0.5%	EUR 20.82-0.5%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,698,599	EUR 5.278
AENA.MC (Aena SME SA)	112,252	EUR 2,634,554-1.5%	EUR 23.47-1.5%
KER.PA (Kering SA)	8,438	EUR 2,614,9361.9%	EUR 309.91.9%
ELE.MC (Endesa SA)	83,093	EUR 2,550,955-0.5%	EUR 30.7-0.5%
BKT.MC (Bankinter SA)	175,434	EUR 2,457,8300.0%	EUR 14.010.0%
A5G.IR (AIB Group PLC)	256,317	EUR 2,314,543-0.1%	EUR 9.03-0.1%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,307,467-1.3%	EUR 30.08-1.3%
FRES.L (Fresnillo PLC)	68,549	GBP 2,284,5932.5%	GBP 33.32792.5%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,238,290-0.8%	GBP 26.5119-0.8%
REP.MC (Repsol SA)	140,242	EUR 2,150,611-2.5%	EUR 15.335-2.5%
G1A.DE (GEA Group AG)	34,275	EUR 1,946,8201.5%	EUR 56.81.5%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,864,5620.1%	EUR 16.030.1%
SRG.MI (Snam SpA)	317,562	EUR 1,765,645-0.3%	EUR 5.56-0.3%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,764,0660.4%	GBP 34.7640.4%
TLX.DE (Talanx AG)	14,960	EUR 1,665,048-0.4%	EUR 111.3-0.4%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,633,065-1.2%	EUR 38.78-1.2%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,612,2890.0%	EUR 0.50040.0%
HLMA.L (Halma PLC)	38,849	GBP 1,571,9500.7%	GBP 40.46310.7%
CNA.L (Centrica PLC)	825,235	GBP 1,553,412-1.5%	GBP 1.88239-1.5%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,481,631-0.2%	EUR 59.52-0.2%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,406,971-0.3%	EUR 58.25-0.3%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,358,1620.5%	EUR 61.550.5%
EN.PA (Bouygues SA)	29,657	EUR 1,304,9080.0%	EUR 440.0%
INF.L (Informa PLC)	128,480	GBP 1,265,260-2.9%	GBP 9.84791-2.9%
METSO.HE (Metso Oyj)	84,194	EUR 1,235,1260.5%	EUR 14.670.5%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,199,0670.1%	GBP 13.7460.1%
HAG.DE (Hensoldt AG)	16,888	EUR 1,175,405-3.6%	EUR 69.6-3.6%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,146,594-0.1%	EUR 31.68-0.1%
ANA.MC (Acciona SA)	5,422	EUR 999,2751.3%	EUR 184.31.3%
EDV.L (Endeavour Mining Corp)	23,163	GBP 978,9603.0%	GBP 42.2643.0%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 977,5120.2%	EUR 18.940.2%
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 971,4060.9%	EUR 133.60.9%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 969,1560.4%	GBP 7.933040.4%
HOT.DE (HOCHTIEF AG)	2,796	EUR 928,831-2.2%	EUR 332.2-2.2%
NESTE.HE (Neste Oyj)	50,870	EUR 926,597-2.1%	EUR 18.215-2.1%
MNG.L (M&G Plc)	217,744	GBP 690,2040.5%	GBP 3.16980.5%
CON.DE (Continental AG)	10,278	EUR 683,6930.2%	EUR 66.520.2%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 627,6920.4%	EUR 37.740.4%
ELI.BR (Elia Group SA/NV)	5,541	EUR 575,156-0.9%	EUR 103.8-0.9%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 524,193-0.5%	EUR 213-0.5%
MAP.MC (Mapfre SA)	105,530	EUR 440,060-0.2%	EUR 4.17-0.2%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-16

IE00BQN1K786 ETF holdings on 2025-12-15 (Monday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 42,955,6852.5%	EUR 9.8732.5%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,563,2391.7%	GBP 12.68561.7%
ENR.DE (Siemens Energy AG)	255,165	EUR 30,568,7671.3%	EUR 119.81.3%
RHM.DE (Rheinmetall AG)	18,854	EUR 29,666,769-2.6%	EUR 1573.5-2.6%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 29,581,0381.8%	EUR 19.561.8%
SIE.DE (Siemens AG)	119,017	EUR 28,462,9160.9%	EUR 239.150.9%
IBE.MC (Iberdrola SA)	1,452,736	EUR 26,309,0491.3%	EUR 18.111.3%
ASML.AS (ASML Holding NV)	26,997	EUR 25,134,2070.6%	EUR 9310.6%
SAF.PA (Safran SA)	83,987	EUR 24,608,1910.6%	EUR 2930.6%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 24,368,7871.3%	GBP 12.80861.3%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,290,7331.5%	GBP 48.93191.5%
UCG.MI (UniCredit SpA)	313,357	EUR 21,631,0342.3%	EUR 69.032.3%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,373,1841.6%	EUR 32.0951.6%
BARC.L (Barclays PLC)	3,228,477	GBP 16,700,1172.3%	GBP 5.172752.3%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,440,6732.1%	EUR 5.7892.1%
AIR.PA (Airbus SE)	82,548	EUR 16,189,3141.1%	EUR 196.121.1%
EL.PA (EssilorLuxottica SA)	56,919	EUR 16,079,6180.1%	EUR 282.50.1%
SPOT (Spotify Technology SA)	32,535	USD 15,963,932-3.7%	USD 490.669-3.7%
GLE.PA (Societe Generale SA)	226,904	EUR 14,599,0031.2%	EUR 64.341.2%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,478,5031.6%	GBP 1.08341.6%
INGA.AS (ING Groep NV)	544,223	EUR 12,694,0010.5%	EUR 23.3250.5%
BA.L (BAE Systems plc)	611,100	GBP 11,784,858-0.3%	GBP 19.2847-0.3%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,638,0753.1%	GBP 7.176383.1%
PRX.AS (Prosus NV)	218,809	EUR 11,574,996-0.7%	EUR 52.9-0.7%
CABK.MC (CaixaBank SA)	971,082	EUR 9,837,0612.2%	EUR 10.132.2%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,766,3202.0%	GBP 20.04762.0%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,637,1600.5%	EUR 223.60.5%
EBS.VI (Erste Group Bank AG)	82,704	EUR 8,034,6941.7%	EUR 97.151.7%
CBK.DE (Commerzbank AG)	215,140	EUR 7,568,6252.1%	EUR 35.182.1%
LR.PA (Legrand SA)	56,240	EUR 7,074,9921.8%	EUR 125.81.8%
EOAN.DE (E.ON SE)	438,829	EUR 6,738,2190.7%	EUR 15.3550.7%
LDO.MI (Leonardo SpA)	136,979	EUR 6,595,539-0.1%	EUR 48.15-0.1%
FER.MC (Ferrovial SE)	109,206	EUR 6,290,2662.2%	EUR 57.62.2%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,289,526-0.3%	GBP 4.99909-0.3%
III.L (3I Group PLC)	163,364	GBP 5,869,2501.0%	GBP 35.92741.0%
ENGI.PA (Engie SA)	254,174	EUR 5,528,2850.2%	EUR 21.750.2%
ORA.PA (Orange SA)	388,438	EUR 5,383,7511.3%	EUR 13.861.3%
G.MI (Generali)	156,668	EUR 5,383,1121.1%	EUR 34.361.1%
HO.PA (Thales SA)	21,968	EUR 5,081,1980.1%	EUR 231.30.1%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,840,6552.2%	EUR 86.552.2%
AV.L (Aviva PLC)	615,648	GBP 4,671,9092.7%	GBP 7.58862.7%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,363,330-0.1%	EUR 29.61-0.1%
UCB.BR (UCB SA)	17,714	EUR 4,217,7031.2%	EUR 238.11.2%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 4,089,2782.0%	EUR 48.52.0%
BAMI.MI (Banco BPM SpA)	319,623	EUR 4,059,2122.6%	EUR 12.72.6%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,903,9792.2%	EUR 3.352.2%
PRY.MI (Prysmian SpA)	45,037	EUR 3,789,4131.8%	EUR 84.141.8%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,725,0722.2%	EUR 29.452.2%
AER (AerCap Holdings NV)	30,323	USD 3,655,2591.4%	USD 120.5441.4%
NXT.L (Next PLC)	23,216	GBP 3,545,2190.4%	GBP 152.7060.4%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,475,2122.5%	EUR 11.022.5%
NN.AS (NN Group NV)	48,979	EUR 3,142,4931.5%	EUR 64.161.5%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,101,2510.7%	EUR 355.20.7%
KBC.BR (KBC Group NV)	27,707	EUR 3,063,0092.0%	EUR 110.552.0%
RWE.DE (RWE AG)	67,487	EUR 2,953,9060.8%	EUR 43.770.8%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,916,3170.7%	EUR 10.0050.7%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,812,8401.9%	EUR 20.921.9%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,698,5990.2%	EUR 5.2780.2%
AENA.MC (Aena SME SA)	112,252	EUR 2,673,8430.9%	EUR 23.820.9%
KER.PA (Kering SA)	8,438	EUR 2,565,5742.7%	EUR 304.052.7%
ELE.MC (Endesa SA)	83,093	EUR 2,563,4191.2%	EUR 30.851.2%
BKT.MC (Bankinter SA)	175,434	EUR 2,456,9533.0%	EUR 14.0053.0%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,338,9180.3%	EUR 30.490.3%
A5G.IR (AIB Group PLC)	256,317	EUR 2,315,8242.3%	EUR 9.0352.3%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,255,4390.8%	GBP 26.7150.8%
FRES.L (Fresnillo PLC)	68,549	GBP 2,229,391-1.6%	GBP 32.5226-1.6%
REP.MC (Repsol SA)	140,242	EUR 2,205,305-0.7%	EUR 15.725-0.7%
G1A.DE (GEA Group AG)	34,275	EUR 1,917,6860.3%	EUR 55.950.3%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,862,8171.9%	EUR 16.0151.9%
SRG.MI (Snam SpA)	317,562	EUR 1,770,0910.4%	EUR 5.5740.4%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,756,6503.8%	GBP 34.61793.8%
TLX.DE (Talanx AG)	14,960	EUR 1,672,5281.5%	EUR 111.81.5%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,652,8571.4%	EUR 39.251.4%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,611,6451.7%	EUR 0.50021.7%
CNA.L (Centrica PLC)	825,235	GBP 1,576,8721.1%	GBP 1.910821.1%
HLMA.L (Halma PLC)	38,849	GBP 1,561,6421.8%	GBP 40.19771.8%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,484,6191.8%	EUR 59.641.8%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,411,8011.6%	EUR 58.451.6%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,351,5432.0%	EUR 61.252.0%
EN.PA (Bouygues SA)	29,657	EUR 1,304,6111.9%	EUR 43.991.9%
INF.L (Informa PLC)	128,480	GBP 1,303,5870.3%	GBP 10.14620.3%
METSO.HE (Metso Oyj)	84,194	EUR 1,229,2321.3%	EUR 14.61.3%
HAG.DE (Hensoldt AG)	16,888	EUR 1,219,314-1.2%	EUR 72.2-1.2%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,197,457-0.7%	GBP 13.7276-0.7%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,147,3180.1%	EUR 31.70.1%
ANA.MC (Acciona SA)	5,422	EUR 986,8041.7%	EUR 1821.7%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 975,9642.7%	EUR 18.912.7%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 965,4732.7%	GBP 7.90292.7%
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 963,0440.3%	EUR 132.450.3%
EDV.L (Endeavour Mining Corp)	23,163	GBP 950,0911.9%	GBP 41.01761.9%
HOT.DE (HOCHTIEF AG)	2,796	EUR 949,5223.7%	EUR 339.63.7%
NESTE.HE (Neste Oyj)	50,870	EUR 946,1821.6%	EUR 18.61.6%
MNG.L (M&G Plc)	217,744	GBP 686,5881.3%	GBP 3.153191.3%
CON.DE (Continental AG)	10,278	EUR 682,459-0.2%	EUR 66.4-0.2%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 625,3631.3%	EUR 37.61.3%
ELI.BR (Elia Group SA/NV)	5,541	EUR 580,1432.7%	EUR 104.72.7%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 526,654	EUR 214
MAP.MC (Mapfre SA)	105,530	EUR 440,9041.9%	EUR 4.1781.9%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-15

IE00BQN1K786 ETF holdings on 2025-12-12 (Friday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 41,907,137-1.5%	EUR 9.632-1.5%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 34,971,392-0.8%	GBP 12.4745-0.8%
RHM.DE (Rheinmetall AG)	18,854	EUR 30,468,0640.8%	EUR 16160.8%
ENR.DE (Siemens Energy AG)	255,165	EUR 30,173,261-4.3%	EUR 118.25-4.3%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 29,044,163-1.1%	EUR 19.205-1.1%
SIE.DE (Siemens AG)	119,017	EUR 28,212,980-0.8%	EUR 237.05-0.8%
IBE.MC (Iberdrola SA)	1,452,736	EUR 25,974,9201.0%	EUR 17.881.0%
ASML.AS (ASML Holding NV)	26,997	EUR 24,980,324-1.7%	EUR 925.3-1.7%
SAF.PA (Safran SA)	83,987	EUR 24,465,413	EUR 291.3
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 24,064,311-0.5%	GBP 12.6486-0.5%
BATS.L (British American Tobacco PLC)	496,419	GBP 23,934,501-3.8%	GBP 48.2143-3.8%
UCG.MI (UniCredit SpA)	313,357	EUR 21,145,330-1.3%	EUR 67.48-1.3%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,099,825-3.1%	EUR 31.59-3.1%
SPOT (Spotify Technology SA)	32,535	USD 16,568,9170.0%	USD 509.2640.0%
BARC.L (Barclays PLC)	3,228,477	GBP 16,320,667-1.0%	GBP 5.05522-1.0%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,099,875-1.0%	EUR 5.669-1.0%
EL.PA (EssilorLuxottica SA)	56,919	EUR 16,056,850-1.0%	EUR 282.1-1.0%
AIR.PA (Airbus SE)	82,548	EUR 16,015,9630.4%	EUR 194.020.4%
GLE.PA (Societe Generale SA)	226,904	EUR 14,426,556-1.2%	EUR 63.58-1.2%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,248,887-1.8%	GBP 1.06622-1.8%
INGA.AS (ING Groep NV)	544,223	EUR 12,625,974-1.3%	EUR 23.2-1.3%
BA.L (BAE Systems plc)	611,100	GBP 11,822,3540.1%	GBP 19.3460.1%
PRX.AS (Prosus NV)	218,809	EUR 11,651,5790.4%	EUR 53.250.4%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,291,258-1.8%	GBP 6.96252-1.8%
CABK.MC (CaixaBank SA)	971,082	EUR 9,629,249-2.5%	EUR 9.916-2.5%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,589,750-1.0%	EUR 222.5-1.0%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,571,3990.1%	GBP 19.64750.1%
EBS.VI (Erste Group Bank AG)	82,704	EUR 7,898,232-4.1%	EUR 95.5-4.1%
CBK.DE (Commerzbank AG)	215,140	EUR 7,409,422-2.3%	EUR 34.44-2.3%
LR.PA (Legrand SA)	56,240	EUR 6,951,264-1.6%	EUR 123.6-1.6%
EOAN.DE (E.ON SE)	438,829	EUR 6,692,1421.8%	EUR 15.251.8%
LDO.MI (Leonardo SpA)	136,979	EUR 6,599,6481.1%	EUR 48.181.1%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,309,329-1.6%	GBP 5.01483-1.6%
FER.MC (Ferrovial SE)	109,206	EUR 6,154,8500.5%	EUR 56.360.5%
III.L (3I Group PLC)	163,364	GBP 5,813,506-1.9%	GBP 35.5862-1.9%
ENGI.PA (Engie SA)	254,174	EUR 5,515,5761.1%	EUR 21.71.1%
G.MI (Generali)	156,668	EUR 5,325,145-1.5%	EUR 33.99-1.5%
ORA.PA (Orange SA)	388,438	EUR 5,313,832-0.4%	EUR 13.68-0.4%
HO.PA (Thales SA)	21,968	EUR 5,076,8051.2%	EUR 231.11.2%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,734,390-0.9%	EUR 84.65-0.9%
AV.L (Aviva PLC)	615,648	GBP 4,548,412-1.1%	GBP 7.38801-1.1%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,369,2242.0%	EUR 29.652.0%
UCB.BR (UCB SA)	17,714	EUR 4,168,104-2.2%	EUR 235.3-2.2%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 4,010,021-0.7%	EUR 47.56-0.7%
BAMI.MI (Banco BPM SpA)	319,623	EUR 3,955,335-1.7%	EUR 12.375-1.7%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,820,073-1.4%	EUR 3.278-1.4%
PRY.MI (Prysmian SpA)	45,037	EUR 3,721,858-1.5%	EUR 82.64-1.5%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,646,649-3.1%	EUR 28.83-3.1%
AER (AerCap Holdings NV)	30,323	USD 3,604,610-1.0%	USD 118.874-1.0%
NXT.L (Next PLC)	23,216	GBP 3,531,294-1.9%	GBP 152.106-1.9%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,391,643-0.7%	EUR 10.755-0.7%
NN.AS (NN Group NV)	48,979	EUR 3,095,473-0.4%	EUR 63.2-0.4%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,078,5510.9%	EUR 352.60.9%
KBC.BR (KBC Group NV)	27,707	EUR 3,003,439-0.7%	EUR 108.4-0.7%
RWE.DE (RWE AG)	67,487	EUR 2,930,2860.7%	EUR 43.420.7%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,895,622-0.8%	EUR 9.934-0.8%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,760,402-0.8%	EUR 20.53-0.8%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,694,509-2.5%	EUR 5.27-2.5%
AENA.MC (Aena SME SA)	112,252	EUR 2,649,1471.3%	EUR 23.61.3%
ELE.MC (Endesa SA)	83,093	EUR 2,531,8440.9%	EUR 30.470.9%
KER.PA (Kering SA)	8,438	EUR 2,499,3361.5%	EUR 296.21.5%
BKT.MC (Bankinter SA)	175,434	EUR 2,385,025-1.3%	EUR 13.595-1.3%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,332,014-0.6%	EUR 30.4-0.6%
FRES.L (Fresnillo PLC)	68,549	GBP 2,264,7111.2%	GBP 33.03781.2%
A5G.IR (AIB Group PLC)	256,317	EUR 2,263,279-1.3%	EUR 8.83-1.3%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,237,933-1.3%	GBP 26.5076-1.3%
REP.MC (Repsol SA)	140,242	EUR 2,220,732-1.0%	EUR 15.835-1.0%
G1A.DE (GEA Group AG)	34,275	EUR 1,912,545-0.4%	EUR 55.8-0.4%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,827,922-2.8%	EUR 15.715-2.8%
SRG.MI (Snam SpA)	317,562	EUR 1,762,4690.7%	EUR 5.550.7%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,692,636-1.5%	GBP 33.3564-1.5%
TLX.DE (Talanx AG)	14,960	EUR 1,648,5920.3%	EUR 110.20.3%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,629,6960.7%	EUR 38.70.7%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,585,2240.4%	EUR 0.4920.4%
CNA.L (Centrica PLC)	825,235	GBP 1,559,4170.0%	GBP 1.889660.0%
HLMA.L (Halma PLC)	38,849	GBP 1,534,527-2.1%	GBP 39.4998-2.1%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,457,734-0.3%	EUR 58.56-0.3%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,390,0630.3%	EUR 57.550.3%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,325,063-2.0%	EUR 60.05-2.0%
INF.L (Informa PLC)	128,480	GBP 1,299,428-1.5%	GBP 10.1139-1.5%
EN.PA (Bouygues SA)	29,657	EUR 1,279,700-0.5%	EUR 43.15-0.5%
HAG.DE (Hensoldt AG)	16,888	EUR 1,233,6682.5%	EUR 73.052.5%
METSO.HE (Metso Oyj)	84,194	EUR 1,213,236-1.4%	EUR 14.41-1.4%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,206,246-0.4%	GBP 13.8283-0.4%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,146,594	EUR 31.68
ANA.MC (Acciona SA)	5,422	EUR 969,9961.4%	EUR 178.91.4%
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 960,499-3.5%	EUR 132.1-3.5%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 950,675-1.7%	EUR 18.42-1.7%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 940,236-0.9%	GBP 7.69632-0.9%
EDV.L (Endeavour Mining Corp)	23,163	GBP 932,326-0.6%	GBP 40.2507-0.6%
NESTE.HE (Neste Oyj)	50,870	EUR 931,684-3.5%	EUR 18.315-3.5%
HOT.DE (HOCHTIEF AG)	2,796	EUR 915,970-0.7%	EUR 327.6-0.7%
CON.DE (Continental AG)	10,278	EUR 684,1040.5%	EUR 66.560.5%
MNG.L (M&G Plc)	217,744	GBP 678,010-0.3%	GBP 3.11379-0.3%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 617,047-1.6%	EUR 37.1-1.6%
ELI.BR (Elia Group SA/NV)	5,541	EUR 564,6281.3%	EUR 101.91.3%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 526,654-0.7%	EUR 214-0.7%
MAP.MC (Mapfre SA)	105,530	EUR 432,8840.2%	EUR 4.1020.2%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-12

IE00BQN1K786 ETF holdings on 2025-12-11 (Thursday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 42,542,3571.8%	EUR 9.7781.8%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,238,961-0.7%	GBP 12.57-0.7%
ENR.DE (Siemens Energy AG)	255,165	EUR 31,512,878-0.1%	EUR 123.5-0.1%
RHM.DE (Rheinmetall AG)	18,854	EUR 30,213,535-0.5%	EUR 1602.5-0.5%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 29,376,8742.3%	EUR 19.4252.3%
SIE.DE (Siemens AG)	119,017	EUR 28,427,2103.1%	EUR 238.853.1%
IBE.MC (Iberdrola SA)	1,452,736	EUR 25,727,955-0.6%	EUR 17.71-0.6%
ASML.AS (ASML Holding NV)	26,997	EUR 25,401,477-0.5%	EUR 940.9-0.5%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,869,101-0.5%	GBP 50.097-0.5%
SAF.PA (Safran SA)	83,987	EUR 24,465,413-0.9%	EUR 291.3-0.9%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 24,188,6680.8%	GBP 12.71390.8%
UCG.MI (UniCredit SpA)	313,357	EUR 21,421,0852.4%	EUR 68.362.4%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,651,9561.9%	EUR 32.611.9%
SPOT (Spotify Technology SA)	32,535	USD 16,572,455-2.7%	USD 509.373-2.7%
BARC.L (Barclays PLC)	3,228,477	GBP 16,487,2870.9%	GBP 5.106830.9%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,256,0741.6%	EUR 5.7241.6%
EL.PA (EssilorLuxottica SA)	56,919	EUR 16,216,2230.0%	EUR 284.90.0%
AIR.PA (Airbus SE)	82,548	EUR 15,954,877-0.4%	EUR 193.28-0.4%
GLE.PA (Societe Generale SA)	226,904	EUR 14,603,5411.4%	EUR 64.361.4%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,510,7490.1%	GBP 1.085820.1%
INGA.AS (ING Groep NV)	544,223	EUR 12,786,5192.2%	EUR 23.4952.2%
BA.L (BAE Systems plc)	611,100	GBP 11,808,563-1.0%	GBP 19.3235-1.0%
PRX.AS (Prosus NV)	218,809	EUR 11,607,8172.0%	EUR 53.052.0%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,497,1130.0%	GBP 7.089460.0%
CABK.MC (CaixaBank SA)	971,082	EUR 9,875,9041.5%	EUR 10.171.5%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,684,5703.0%	EUR 224.73.0%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,558,2750.7%	GBP 19.62060.7%
EBS.VI (Erste Group Bank AG)	82,704	EUR 8,233,1831.0%	EUR 99.551.0%
CBK.DE (Commerzbank AG)	215,140	EUR 7,583,6851.6%	EUR 35.251.6%
LR.PA (Legrand SA)	56,240	EUR 7,066,556-2.6%	EUR 125.65-2.6%
EOAN.DE (E.ON SE)	438,829	EUR 6,573,658-3.4%	EUR 14.98-3.4%
LDO.MI (Leonardo SpA)	136,979	EUR 6,525,680-2.1%	EUR 47.64-2.1%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,412,134-0.4%	GBP 5.09655-0.4%
FER.MC (Ferrovial SE)	109,206	EUR 6,126,457-0.8%	EUR 56.1-0.8%
III.L (3I Group PLC)	163,364	GBP 5,927,0861.6%	GBP 36.28151.6%
ENGI.PA (Engie SA)	254,174	EUR 5,454,574	EUR 21.46
G.MI (Generali)	156,668	EUR 5,405,046-0.7%	EUR 34.5-0.7%
ORA.PA (Orange SA)	388,438	EUR 5,335,1960.5%	EUR 13.7350.5%
HO.PA (Thales SA)	21,968	EUR 5,017,4910.2%	EUR 228.40.2%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,776,337-1.0%	EUR 85.4-1.0%
AV.L (Aviva PLC)	615,648	GBP 4,599,5840.7%	GBP 7.471130.7%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,283,7553.1%	EUR 29.073.1%
UCB.BR (UCB SA)	17,714	EUR 4,263,760-0.6%	EUR 240.7-0.6%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 4,039,532-0.3%	EUR 47.91-0.3%
BAMI.MI (Banco BPM SpA)	319,623	EUR 4,022,4551.9%	EUR 12.5851.9%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,873,6801.1%	EUR 3.3241.1%
PRY.MI (Prysmian SpA)	45,037	EUR 3,779,505-2.8%	EUR 83.92-2.8%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,761,7530.0%	EUR 29.740.0%
AER (AerCap Holdings NV)	30,323	USD 3,640,7200.0%	USD 120.0650.0%
NXT.L (Next PLC)	23,216	GBP 3,601,375-0.2%	GBP 155.125-0.2%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,416,8711.4%	EUR 10.8351.4%
NN.AS (NN Group NV)	48,979	EUR 3,107,2280.6%	EUR 63.440.6%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,049,738-1.3%	EUR 349.3-1.3%
KBC.BR (KBC Group NV)	27,707	EUR 3,024,2191.0%	EUR 109.151.0%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,917,775-0.2%	EUR 10.01-0.2%
RWE.DE (RWE AG)	67,487	EUR 2,908,690-1.0%	EUR 43.1-1.0%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,783,2600.5%	EUR 20.70.5%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,764,0451.9%	EUR 5.4061.9%
AENA.MC (Aena SME SA)	112,252	EUR 2,614,3491.0%	EUR 23.291.0%
ELE.MC (Endesa SA)	83,093	EUR 2,508,578-0.8%	EUR 30.19-0.8%
KER.PA (Kering SA)	8,438	EUR 2,462,6301.1%	EUR 291.851.1%
BKT.MC (Bankinter SA)	175,434	EUR 2,417,4810.4%	EUR 13.780.4%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,345,822-2.4%	EUR 30.58-2.4%
A5G.IR (AIB Group PLC)	256,317	EUR 2,294,0370.7%	EUR 8.950.7%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,267,1760.1%	GBP 26.8540.1%
REP.MC (Repsol SA)	140,242	EUR 2,243,872-1.9%	EUR 16-1.9%
FRES.L (Fresnillo PLC)	68,549	GBP 2,238,7442.9%	GBP 32.6592.9%
G1A.DE (GEA Group AG)	34,275	EUR 1,921,1141.0%	EUR 56.051.0%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,879,6830.5%	EUR 16.160.5%
SRG.MI (Snam SpA)	317,562	EUR 1,750,402-1.2%	EUR 5.512-1.2%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,718,1361.3%	GBP 33.85891.3%
TLX.DE (Talanx AG)	14,960	EUR 1,644,1040.5%	EUR 109.90.5%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,618,3261.0%	EUR 38.431.0%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,579,4250.8%	EUR 0.49020.8%
HLMA.L (Halma PLC)	38,849	GBP 1,567,096-0.5%	GBP 40.3381-0.5%
CNA.L (Centrica PLC)	825,235	GBP 1,558,804-1.4%	GBP 1.88892-1.4%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,461,7170.4%	EUR 58.720.4%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,386,4400.6%	EUR 57.40.6%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,351,5430.3%	EUR 61.250.3%
INF.L (Informa PLC)	128,480	GBP 1,319,886-3.4%	GBP 10.2731-3.4%
EN.PA (Bouygues SA)	29,657	EUR 1,285,9280.5%	EUR 43.360.5%
METSO.HE (Metso Oyj)	84,194	EUR 1,230,916-0.3%	EUR 14.62-0.3%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,210,611-2.9%	GBP 13.8784-2.9%
HAG.DE (Hensoldt AG)	16,888	EUR 1,204,114-1.7%	EUR 71.3-1.7%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,146,594	EUR 31.68
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 995,400-2.5%	EUR 136.9-2.5%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 966,6740.4%	EUR 18.730.4%
NESTE.HE (Neste Oyj)	50,870	EUR 965,513-0.5%	EUR 18.98-0.5%
ANA.MC (Acciona SA)	5,422	EUR 956,441-0.2%	EUR 176.4-0.2%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 948,603-0.1%	GBP 7.76481-0.1%
EDV.L (Endeavour Mining Corp)	23,163	GBP 938,0583.1%	GBP 40.49813.1%
HOT.DE (HOCHTIEF AG)	2,796	EUR 922,680-0.7%	EUR 330-0.7%
CON.DE (Continental AG)	10,278	EUR 680,4041.9%	EUR 66.21.9%
MNG.L (M&G Plc)	217,744	GBP 680,0280.3%	GBP 3.123060.3%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 627,3592.8%	EUR 37.722.8%
ELI.BR (Elia Group SA/NV)	5,541	EUR 557,425-0.7%	EUR 100.6-0.7%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 530,346-0.2%	EUR 215.5-0.2%
MAP.MC (Mapfre SA)	105,530	EUR 431,8291.2%	EUR 4.0921.2%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-11

IE00BQN1K786 ETF holdings on 2025-12-10 (Wednesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 41,772,2610.8%	EUR 9.6010.8%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,476,218-0.4%	GBP 12.6546-0.4%
ENR.DE (Siemens Energy AG)	255,165	EUR 31,538,3944.3%	EUR 123.64.3%
RHM.DE (Rheinmetall AG)	18,854	EUR 30,354,940-1.9%	EUR 1610-1.9%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 28,703,8910.2%	EUR 18.980.2%
SIE.DE (Siemens AG)	119,017	EUR 27,564,337-1.0%	EUR 231.6-1.0%
IBE.MC (Iberdrola SA)	1,452,736	EUR 25,880,492-0.3%	EUR 17.815-0.3%
ASML.AS (ASML Holding NV)	26,997	EUR 25,539,162-0.7%	EUR 946-0.7%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,985,9172.3%	GBP 50.33232.3%
SAF.PA (Safran SA)	83,987	EUR 24,692,178-0.3%	EUR 294-0.3%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 23,993,0293.3%	GBP 12.61113.3%
UCG.MI (UniCredit SpA)	313,357	EUR 20,919,7131.6%	EUR 66.761.6%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,324,467-0.4%	EUR 32.005-0.4%
SPOT (Spotify Technology SA)	32,535	USD 17,030,7123.2%	USD 523.4583.2%
BARC.L (Barclays PLC)	3,228,477	GBP 16,336,4790.6%	GBP 5.060120.6%
EL.PA (EssilorLuxottica SA)	56,919	EUR 16,221,915-0.5%	EUR 285-0.5%
AIR.PA (Airbus SE)	82,548	EUR 16,012,661-0.7%	EUR 193.98-0.7%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,000,475-0.7%	EUR 5.634-0.7%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,501,6730.6%	GBP 1.085140.6%
GLE.PA (Societe Generale SA)	226,904	EUR 14,403,8660.9%	EUR 63.480.9%
INGA.AS (ING Groep NV)	544,223	EUR 12,514,408-0.4%	EUR 22.995-0.4%
BA.L (BAE Systems plc)	611,100	GBP 11,931,952-1.1%	GBP 19.5254-1.1%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,493,1750.1%	GBP 7.087030.1%
PRX.AS (Prosus NV)	218,809	EUR 11,378,0680.8%	EUR 520.8%
CABK.MC (CaixaBank SA)	971,082	EUR 9,730,2420.7%	EUR 10.020.7%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,495,1782.1%	GBP 19.4912.1%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,400,110-1.0%	EUR 218.1-1.0%
EBS.VI (Erste Group Bank AG)	82,704	EUR 8,154,6140.7%	EUR 98.60.7%
CBK.DE (Commerzbank AG)	215,140	EUR 7,465,3580.2%	EUR 34.70.2%
LR.PA (Legrand SA)	56,240	EUR 7,254,960-0.7%	EUR 129-0.7%
EOAN.DE (E.ON SE)	438,829	EUR 6,808,432-0.3%	EUR 15.515-0.3%
LDO.MI (Leonardo SpA)	136,979	EUR 6,662,659-1.7%	EUR 48.64-1.7%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,436,1201.7%	GBP 5.115611.7%
FER.MC (Ferrovial SE)	109,206	EUR 6,174,507-1.4%	EUR 56.54-1.4%
III.L (3I Group PLC)	163,364	GBP 5,835,555-1.1%	GBP 35.7212-1.1%
ENGI.PA (Engie SA)	254,174	EUR 5,454,574-0.9%	EUR 21.46-0.9%
G.MI (Generali)	156,668	EUR 5,442,646-0.9%	EUR 34.74-0.9%
ORA.PA (Orange SA)	388,438	EUR 5,308,005-0.4%	EUR 13.665-0.4%
HO.PA (Thales SA)	21,968	EUR 5,008,704-2.1%	EUR 228-2.1%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,823,8762.0%	EUR 86.252.0%
AV.L (Aviva PLC)	615,648	GBP 4,568,8020.0%	GBP 7.421130.0%
UCB.BR (UCB SA)	17,714	EUR 4,290,331	EUR 242.2
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,155,5520.2%	EUR 28.20.2%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 4,050,4932.3%	EUR 48.042.3%
BAMI.MI (Banco BPM SpA)	319,623	EUR 3,945,7460.6%	EUR 12.3450.6%
PRY.MI (Prysmian SpA)	45,037	EUR 3,888,4952.4%	EUR 86.342.4%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,831,727-1.2%	EUR 3.288-1.2%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,763,0180.1%	EUR 29.750.1%
AER (AerCap Holdings NV)	30,323	USD 3,640,219-0.1%	USD 120.048-0.1%
NXT.L (Next PLC)	23,216	GBP 3,607,282-0.6%	GBP 155.379-0.6%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,371,1450.7%	EUR 10.690.7%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,090,774-0.2%	EUR 354-0.2%
NN.AS (NN Group NV)	48,979	EUR 3,089,595-1.1%	EUR 63.08-1.1%
KBC.BR (KBC Group NV)	27,707	EUR 2,995,127-0.1%	EUR 108.1-0.1%
RWE.DE (RWE AG)	67,487	EUR 2,937,709-0.3%	EUR 43.53-0.3%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,923,605-0.3%	EUR 10.03-0.3%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,768,4700.4%	EUR 20.590.4%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,712,915-0.9%	EUR 5.306-0.9%
AENA.MC (Aena SME SA)	112,252	EUR 2,587,409-0.6%	EUR 23.05-0.6%
ELE.MC (Endesa SA)	83,093	EUR 2,528,520-1.1%	EUR 30.43-1.1%
KER.PA (Kering SA)	8,438	EUR 2,436,8940.8%	EUR 288.80.8%
BKT.MC (Bankinter SA)	175,434	EUR 2,407,832-1.0%	EUR 13.725-1.0%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,404,1233.1%	EUR 31.343.1%
REP.MC (Repsol SA)	140,242	EUR 2,287,3470.2%	EUR 16.310.2%
A5G.IR (AIB Group PLC)	256,317	EUR 2,278,6580.1%	EUR 8.890.1%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,264,262-0.3%	GBP 26.8195-0.3%
FRES.L (Fresnillo PLC)	68,549	GBP 2,175,7080.5%	GBP 31.73950.5%
G1A.DE (GEA Group AG)	34,275	EUR 1,902,2630.2%	EUR 55.50.2%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,870,959-0.2%	EUR 16.085-0.2%
SRG.MI (Snam SpA)	317,562	EUR 1,771,996-0.3%	EUR 5.58-0.3%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,695,3540.0%	GBP 33.40990.0%
TLX.DE (Talanx AG)	14,960	EUR 1,635,128-1.3%	EUR 109.3-1.3%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,601,9021.6%	EUR 38.041.6%
CNA.L (Centrica PLC)	825,235	GBP 1,581,5590.3%	GBP 1.91650.3%
HLMA.L (Halma PLC)	38,849	GBP 1,574,423-2.3%	GBP 40.5267-2.3%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,567,181-0.4%	EUR 0.4864-0.4%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,455,245-0.9%	EUR 58.46-0.9%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,377,986-2.6%	EUR 57.05-2.6%
INF.L (Informa PLC)	128,480	GBP 1,366,547-1.3%	GBP 10.6363-1.3%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,347,1290.2%	EUR 61.050.2%
EN.PA (Bouygues SA)	29,657	EUR 1,279,106-1.3%	EUR 43.13-1.3%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,246,583-0.1%	GBP 14.2908-0.1%
METSO.HE (Metso Oyj)	84,194	EUR 1,235,126-0.3%	EUR 14.67-0.3%
HAG.DE (Hensoldt AG)	16,888	EUR 1,224,380-2.1%	EUR 72.5-2.1%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,146,594	EUR 31.68
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 1,021,212-2.0%	EUR 140.45-2.0%
NESTE.HE (Neste Oyj)	50,870	EUR 970,6005.7%	EUR 19.085.7%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 962,545-0.4%	EUR 18.65-0.4%
ANA.MC (Acciona SA)	5,422	EUR 958,6100.1%	EUR 176.80.1%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 949,110-1.3%	GBP 7.76896-1.3%
HOT.DE (HOCHTIEF AG)	2,796	EUR 929,3903.6%	EUR 332.43.6%
EDV.L (Endeavour Mining Corp)	23,163	GBP 910,098-0.6%	GBP 39.291-0.6%
MNG.L (M&G Plc)	217,744	GBP 678,152-0.8%	GBP 3.11445-0.8%
CON.DE (Continental AG)	10,278	EUR 667,4530.2%	EUR 64.940.2%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 610,0620.9%	EUR 36.680.9%
ELI.BR (Elia Group SA/NV)	5,541	EUR 561,303-1.8%	EUR 101.3-1.8%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 531,576-0.5%	EUR 216-0.5%
MAP.MC (Mapfre SA)	105,530	EUR 426,763-1.7%	EUR 4.044-1.7%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-10

IE00BQN1K786 ETF holdings on 2025-12-09 (Tuesday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 41,437,2480.4%	EUR 9.5240.4%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,614,8350.2%	GBP 12.7040.2%
RHM.DE (Rheinmetall AG)	18,854	EUR 30,948,8413.6%	EUR 1641.53.6%
ENR.DE (Siemens Energy AG)	255,165	EUR 30,224,2940.9%	EUR 118.450.9%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 28,635,836-0.1%	EUR 18.935-0.1%
SIE.DE (Siemens AG)	119,017	EUR 27,855,929-0.1%	EUR 234.05-0.1%
IBE.MC (Iberdrola SA)	1,452,736	EUR 25,960,392-0.4%	EUR 17.87-0.4%
ASML.AS (ASML Holding NV)	26,997	EUR 25,725,441-1.1%	EUR 952.9-1.1%
SAF.PA (Safran SA)	83,987	EUR 24,759,368-0.1%	EUR 294.8-0.1%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,425,720-0.5%	GBP 49.2038-0.5%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 23,234,3550.2%	GBP 12.21230.2%
UCG.MI (UniCredit SpA)	313,357	EUR 20,600,0890.9%	EUR 65.740.9%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,392,1301.9%	EUR 32.131.9%
SPOT (Spotify Technology SA)	32,535	USD 16,497,4753.0%	USD 507.0693.0%
EL.PA (EssilorLuxottica SA)	56,919	EUR 16,295,910-5.6%	EUR 286.3-5.6%
BARC.L (Barclays PLC)	3,228,477	GBP 16,243,4400.5%	GBP 5.03130.5%
AIR.PA (Airbus SE)	82,548	EUR 16,133,181-1.3%	EUR 195.44-1.3%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 16,105,5550.9%	EUR 5.6710.9%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,413,354-1.6%	GBP 1.07853-1.6%
GLE.PA (Societe Generale SA)	226,904	EUR 14,272,2620.4%	EUR 62.90.4%
INGA.AS (ING Groep NV)	544,223	EUR 12,563,3880.6%	EUR 23.0850.6%
BA.L (BAE Systems plc)	611,100	GBP 12,064,4211.9%	GBP 19.74211.9%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,478,738-0.5%	GBP 7.07813-0.5%
PRX.AS (Prosus NV)	218,809	EUR 11,283,9800.4%	EUR 51.570.4%
CABK.MC (CaixaBank SA)	971,082	EUR 9,662,2660.3%	EUR 9.950.3%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,499,240-0.6%	EUR 220.4-0.6%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,297,1970.6%	GBP 19.08460.6%
EBS.VI (Erste Group Bank AG)	82,704	EUR 8,100,8571.5%	EUR 97.951.5%
CBK.DE (Commerzbank AG)	215,140	EUR 7,452,4500.5%	EUR 34.640.5%
LR.PA (Legrand SA)	56,240	EUR 7,305,576-0.7%	EUR 129.9-0.7%
EOAN.DE (E.ON SE)	438,829	EUR 6,830,3730.4%	EUR 15.5650.4%
LDO.MI (Leonardo SpA)	136,979	EUR 6,774,9812.6%	EUR 49.462.6%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,330,046-2.3%	GBP 5.0313-2.3%
FER.MC (Ferrovial SE)	109,206	EUR 6,264,056	EUR 57.36
III.L (3I Group PLC)	163,364	GBP 5,901,109-1.2%	GBP 36.1225-1.2%
ENGI.PA (Engie SA)	254,174	EUR 5,502,867-0.1%	EUR 21.65-0.1%
G.MI (Generali)	156,668	EUR 5,492,7803.0%	EUR 35.063.0%
ORA.PA (Orange SA)	388,438	EUR 5,327,4270.0%	EUR 13.7150.0%
HO.PA (Thales SA)	21,968	EUR 5,116,3472.6%	EUR 232.92.6%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,728,7971.3%	EUR 84.551.3%
AV.L (Aviva PLC)	615,648	GBP 4,568,8280.5%	GBP 7.421170.5%
UCB.BR (UCB SA)	17,714	EUR 4,290,331-2.4%	EUR 242.2-2.4%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,145,237-0.6%	EUR 28.13-0.6%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 3,959,432-1.4%	EUR 46.96-1.4%
BAMI.MI (Banco BPM SpA)	319,623	EUR 3,923,3720.4%	EUR 12.2750.4%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,877,1761.0%	EUR 3.3271.0%
PRY.MI (Prysmian SpA)	45,037	EUR 3,797,520-1.9%	EUR 84.32-1.9%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,759,2230.1%	EUR 29.720.1%
AER (AerCap Holdings NV)	30,323	USD 3,642,7230.8%	USD 120.1310.8%
NXT.L (Next PLC)	23,216	GBP 3,627,644-2.1%	GBP 156.256-2.1%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,349,0701.4%	EUR 10.621.4%
NN.AS (NN Group NV)	48,979	EUR 3,122,9011.0%	EUR 63.761.0%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,096,886-0.1%	EUR 354.7-0.1%
KBC.BR (KBC Group NV)	27,707	EUR 2,999,2830.7%	EUR 108.250.7%
RWE.DE (RWE AG)	67,487	EUR 2,947,1570.5%	EUR 43.670.5%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,933,8070.9%	EUR 10.0650.9%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,756,3691.2%	EUR 20.51.2%
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,737,4571.4%	EUR 5.3541.4%
AENA.MC (Aena SME SA)	112,252	EUR 2,604,246-0.4%	EUR 23.2-0.4%
ELE.MC (Endesa SA)	83,093	EUR 2,557,603-0.8%	EUR 30.78-0.8%
BKT.MC (Bankinter SA)	175,434	EUR 2,431,5150.8%	EUR 13.860.8%
KER.PA (Kering SA)	8,438	EUR 2,417,487-1.8%	EUR 286.5-1.8%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,331,2470.2%	EUR 30.390.2%
REP.MC (Repsol SA)	140,242	EUR 2,282,4390.1%	EUR 16.2750.1%
A5G.IR (AIB Group PLC)	256,317	EUR 2,276,0950.6%	EUR 8.880.6%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,270,603-0.4%	GBP 26.8946-0.4%
FRES.L (Fresnillo PLC)	68,549	GBP 2,164,9732.4%	GBP 31.58292.4%
G1A.DE (GEA Group AG)	34,275	EUR 1,898,8351.0%	EUR 55.41.0%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,875,0300.7%	EUR 16.120.7%
SRG.MI (Snam SpA)	317,562	EUR 1,777,077-0.5%	EUR 5.596-0.5%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,694,899-1.4%	GBP 33.401-1.4%
TLX.DE (Talanx AG)	14,960	EUR 1,656,0721.3%	EUR 110.71.3%
HLMA.L (Halma PLC)	38,849	GBP 1,610,776-0.9%	GBP 41.4625-0.9%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,576,6361.6%	EUR 37.441.6%
CNA.L (Centrica PLC)	825,235	GBP 1,576,347-0.8%	GBP 1.91018-0.8%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,573,947-1.4%	EUR 0.4885-1.4%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,469,1851.5%	EUR 59.021.5%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,415,4242.4%	EUR 58.62.4%
INF.L (Informa PLC)	128,480	GBP 1,384,8110.0%	GBP 10.77840.0%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,343,819	EUR 60.9
EN.PA (Bouygues SA)	29,657	EUR 1,296,0110.0%	EUR 43.70.0%
HAG.DE (Hensoldt AG)	16,888	EUR 1,250,5565.9%	EUR 74.055.9%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,248,315-1.2%	GBP 14.3106-1.2%
METSO.HE (Metso Oyj)	84,194	EUR 1,239,336-0.2%	EUR 14.72-0.2%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,146,5940.3%	EUR 31.680.3%
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 1,041,934-2.4%	EUR 143.3-2.4%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 966,6743.3%	EUR 18.733.3%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 961,8020.1%	GBP 7.872850.1%
ANA.MC (Acciona SA)	5,422	EUR 957,525-0.1%	EUR 176.6-0.1%
NESTE.HE (Neste Oyj)	50,870	EUR 917,949-1.6%	EUR 18.045-1.6%
EDV.L (Endeavour Mining Corp)	23,163	GBP 915,3691.1%	GBP 39.51861.1%
HOT.DE (HOCHTIEF AG)	2,796	EUR 897,516-0.2%	EUR 321-0.2%
MNG.L (M&G Plc)	217,744	GBP 683,7140.6%	GBP 3.139990.6%
CON.DE (Continental AG)	10,278	EUR 665,8090.2%	EUR 64.780.2%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 604,7404.2%	EUR 36.364.2%
ELI.BR (Elia Group SA/NV)	5,541	EUR 571,831-0.8%	EUR 103.2-0.8%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 534,037-1.6%	EUR 217-1.6%
MAP.MC (Mapfre SA)	105,530	EUR 434,1502.1%	EUR 4.1142.1%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-09

IE00BQN1K786 ETF holdings on 2025-12-08 (Monday)

Ticker	Number of Shares Held	Value of Shares Held	Share Price (delta previous report)
SAN.MC (Banco Santander SA)	4,350,824	EUR 41,289,3200.3%	EUR 9.490.3%
RR.L (Rolls-Royce Holdings PLC)	2,803,427	GBP 35,538,8632.0%	GBP 12.67692.0%
ENR.DE (Siemens Energy AG)	255,165	EUR 29,956,3710.3%	EUR 117.40.3%
RHM.DE (Rheinmetall AG)	18,854	EUR 29,883,5903.6%	EUR 15853.6%
BBVA.MC (Banco Bilbao Vizcaya Argentaria SA)	1,512,323	EUR 28,673,6440.5%	EUR 18.960.5%
SIE.DE (Siemens AG)	119,017	EUR 27,891,6340.4%	EUR 234.350.4%
IBE.MC (Iberdrola SA)	1,452,736	EUR 26,076,611-0.1%	EUR 17.95-0.1%
ASML.AS (ASML Holding NV)	26,997	EUR 26,003,5101.2%	EUR 963.21.2%
SAF.PA (Safran SA)	83,987	EUR 24,776,1650.7%	EUR 2950.7%
BATS.L (British American Tobacco PLC)	496,419	GBP 24,541,2740.8%	GBP 49.43660.8%
HSBA.L (HSBC Holdings PLC)	1,902,531	GBP 23,194,4920.2%	GBP 12.19140.2%
UCG.MI (UniCredit SpA)	313,357	EUR 20,421,4760.2%	EUR 65.170.2%
EL.PA (EssilorLuxottica SA)	56,919	EUR 17,257,8410.2%	EUR 303.20.2%
DBK.DE (Deutsche Bank AG)	541,305	EUR 17,070,0531.3%	EUR 31.5351.3%
AIR.PA (Airbus SE)	82,548	EUR 16,351,1080.7%	EUR 198.080.7%
BARC.L (Barclays PLC)	3,228,477	GBP 16,156,4450.6%	GBP 5.004350.6%
SPOT (Spotify Technology SA)	32,535	USD 16,018,4151.5%	USD 492.3441.5%
ISP.MI (Intesa Sanpaolo SpA)	2,839,985	EUR 15,969,2360.2%	EUR 5.6230.2%
LLOY.L (Lloyds Banking Group PLC)	13,363,913	GBP 14,645,771-0.1%	GBP 1.09592-0.1%
GLE.PA (Societe Generale SA)	226,904	EUR 14,208,7281.8%	EUR 62.621.8%
INGA.AS (ING Groep NV)	544,223	EUR 12,492,6391.4%	EUR 22.9551.4%
BA.L (BAE Systems plc)	611,100	GBP 11,833,7541.0%	GBP 19.36471.0%
NWG.L (NatWest Group PLC)	1,621,720	GBP 11,532,7830.5%	GBP 7.111450.5%
PRX.AS (Prosus NV)	218,809	EUR 11,233,654-1.5%	EUR 51.34-1.5%
CABK.MC (CaixaBank SA)	971,082	EUR 9,635,0760.2%	EUR 9.9220.2%
HEI.DE (Heidelberg Materials AG)	43,100	EUR 9,559,5801.0%	EUR 221.81.0%
STAN.L (Standard Chartered PLC)	487,156	GBP 9,238,3641.3%	GBP 18.96391.3%
EBS.VI (Erste Group Bank AG)	82,704	EUR 7,985,0710.8%	EUR 96.550.8%
CBK.DE (Commerzbank AG)	215,140	EUR 7,418,0271.2%	EUR 34.481.2%
LR.PA (Legrand SA)	56,240	EUR 7,356,1921.6%	EUR 130.81.6%
EOAN.DE (E.ON SE)	438,829	EUR 6,806,2380.6%	EUR 15.510.6%
LDO.MI (Leonardo SpA)	136,979	EUR 6,601,0182.1%	EUR 48.192.1%
TSCO.L (Tesco PLC)	1,258,133	GBP 6,480,562-0.7%	GBP 5.15094-0.7%
FER.MC (Ferrovial SE)	109,206	EUR 6,264,0561.6%	EUR 57.361.6%
III.L (3I Group PLC)	163,364	GBP 5,975,275-1.2%	GBP 36.5765-1.2%
ENGI.PA (Engie SA)	254,174	EUR 5,507,9511.2%	EUR 21.671.2%
G.MI (Generali)	156,668	EUR 5,332,9790.9%	EUR 34.040.9%
ORA.PA (Orange SA)	388,438	EUR 5,325,485-0.2%	EUR 13.71-0.2%
HO.PA (Thales SA)	21,968	EUR 4,986,7361.2%	EUR 2271.2%
ACS.MC (ACS Actividades de Construccion y Servicios SA)	55,929	EUR 4,667,2752.8%	EUR 83.452.8%
AV.L (Aviva PLC)	615,648	GBP 4,545,9450.0%	GBP 7.3840.0%
UCB.BR (UCB SA)	17,714	EUR 4,396,6150.3%	EUR 248.20.3%
RYA.IR (Ryanair Holdings PLC)	147,360	EUR 4,168,8141.2%	EUR 28.291.2%
FRE.DE (Fresenius SE & Co KGaA)	84,315	EUR 4,017,6100.2%	EUR 47.650.2%
BAMI.MI (Banco BPM SpA)	319,623	EUR 3,908,9892.0%	EUR 12.232.0%
PRY.MI (Prysmian SpA)	45,037	EUR 3,871,3811.2%	EUR 85.961.2%
SAB.MC (Banco de Sabadell SA)	1,165,367	EUR 3,838,7191.4%	EUR 3.2941.4%
ABN.AS (ABN AMRO Bank NV)	126,488	EUR 3,754,1641.1%	EUR 29.681.1%
NXT.L (Next PLC)	23,216	GBP 3,704,768-1.0%	GBP 159.578-1.0%
AER (AerCap Holdings NV)	30,323	USD 3,615,545-0.8%	USD 119.234-0.8%
BPE.MI (BPER Banca SPA)	315,355	EUR 3,301,7670.9%	EUR 10.470.9%
MTX.DE (MTU Aero Engines AG)	8,731	EUR 3,100,3781.2%	EUR 355.11.2%
NN.AS (NN Group NV)	48,979	EUR 3,091,5541.0%	EUR 63.121.0%
KBC.BR (KBC Group NV)	27,707	EUR 2,978,5030.8%	EUR 107.50.8%
RWE.DE (RWE AG)	67,487	EUR 2,933,6601.0%	EUR 43.471.0%
SAMPO.HE (Sampo Oyj)	291,486	EUR 2,908,4470.4%	EUR 9.9780.4%
PST.MI (Poste Italiane SpA)	134,457	EUR 2,722,754	EUR 20.25
NOKIA.HE (Nokia Oyj)	511,292	EUR 2,698,5991.0%	EUR 5.2781.0%
AENA.MC (Aena SME SA)	112,252	EUR 2,615,4721.0%	EUR 23.31.0%
ELE.MC (Endesa SA)	83,093	EUR 2,578,3761.4%	EUR 31.031.4%
KER.PA (Kering SA)	8,438	EUR 2,463,052-1.2%	EUR 291.9-1.2%
BKT.MC (Bankinter SA)	175,434	EUR 2,412,2180.7%	EUR 13.750.7%
WRT1V.HE (Wartsila OYJ Abp)	76,711	EUR 2,327,4122.2%	EUR 30.342.2%
REP.MC (Repsol SA)	140,242	EUR 2,281,036-0.1%	EUR 16.265-0.1%
SMIN.L (Smiths Group PLC)	84,426	GBP 2,279,747-0.6%	GBP 27.0029-0.6%
A5G.IR (AIB Group PLC)	256,317	EUR 2,263,2791.4%	EUR 8.831.4%
FRES.L (Fresnillo PLC)	68,549	GBP 2,113,211-0.8%	GBP 30.8277-0.8%
G1A.DE (GEA Group AG)	34,275	EUR 1,879,984-5.0%	EUR 54.85-5.0%
BIRG.IR (Bank of Ireland Group PLC)	116,317	EUR 1,862,2350.9%	EUR 16.010.9%
SRG.MI (Snam SpA)	317,562	EUR 1,786,604-1.1%	EUR 5.626-1.1%
ANTO.L (Antofagasta PLC)	50,744	GBP 1,718,896-1.8%	GBP 33.8739-1.8%
TLX.DE (Talanx AG)	14,960	EUR 1,635,1281.0%	EUR 109.31.0%
HLMA.L (Halma PLC)	38,849	GBP 1,624,715-0.2%	GBP 41.8213-0.2%
TIT.MI (Telecom Italia SpA/Milano)	3,222,001	EUR 1,596,502-1.0%	EUR 0.4955-1.0%
CNA.L (Centrica PLC)	825,235	GBP 1,589,063-0.5%	GBP 1.92559-0.5%
MT.AS (ArcelorMittal SA)	42,111	EUR 1,552,2110.7%	EUR 36.860.7%
ASRNL.AS (ASR Nederland NV)	24,893	EUR 1,447,7770.5%	EUR 58.160.5%
INF.L (Informa PLC)	128,480	GBP 1,385,085-0.8%	GBP 10.7805-0.8%
AGS.BR (Ageas SA/NV)	24,154	EUR 1,382,8170.6%	EUR 57.250.6%
ORNBV.HE (Orion Oyj)	22,066	EUR 1,343,8190.1%	EUR 60.90.1%
EN.PA (Bouygues SA)	29,657	EUR 1,296,3071.3%	EUR 43.711.3%
SN.L (Smith & Nephew PLC)	87,230	GBP 1,263,6390.0%	GBP 14.48630.0%
METSO.HE (Metso Oyj)	84,194	EUR 1,242,282-0.1%	EUR 14.755-0.1%
HAG.DE (Hensoldt AG)	16,888	EUR 1,181,3162.2%	EUR 69.952.2%
JDEP.AS (JDE Peet's NV)	36,193	EUR 1,143,699-0.1%	EUR 31.6-0.1%
BESI.AS (BE Semiconductor Industries NV)	7,271	EUR 1,067,7465.2%	EUR 146.855.2%
PHNX.L (Phoenix Group Holdings PLC)	122,167	GBP 961,119-0.8%	GBP 7.86726-0.8%
ANA.MC (Acciona SA)	5,422	EUR 958,0671.5%	EUR 176.71.5%
BMED.MI (Banca Mediolanum SpA)	51,611	EUR 936,224-0.1%	EUR 18.14-0.1%
NESTE.HE (Neste Oyj)	50,870	EUR 932,9560.2%	EUR 18.340.2%
EDV.L (Endeavour Mining Corp)	23,163	GBP 905,046-1.8%	GBP 39.0729-1.8%
HOT.DE (HOCHTIEF AG)	2,796	EUR 899,1942.2%	EUR 321.62.2%
MNG.L (M&G Plc)	217,744	GBP 679,734-0.9%	GBP 3.12171-0.9%
CON.DE (Continental AG)	10,278	EUR 664,164-0.4%	EUR 64.62-0.4%
RBI.VI (Raiffeisen Bank International AG)	16,632	EUR 580,4570.2%	EUR 34.90.2%
ELI.BR (Elia Group SA/NV)	5,541	EUR 576,2642.0%	EUR 1042.0%
TUB.BR (Financiere de Tubize SA)	2,461	EUR 542,651-0.7%	EUR 220.5-0.7%
MAP.MC (Mapfre SA)	105,530	EUR 425,0750.3%	EUR 4.0280.3%

Share price and value of shares held is calculated on the adjusted close price on 2025-12-08

Note: All information is provided as is without warranty and should be used for indicative purposes only. You should independently check data before making any investment decision. This information is derived from third party sources and we cannot guarantee that their data is current, accurate, complete, free from defects etc and we therefore accept no responsibility for how it may be used. We accept no liability.