Bonds

100% automated bond portfolio with maximum performance

Bonds Portfolio
Mutual Funds

From
1,000 €
  • With the best money market funds
  • The best index bond funds
  • Defer your taxation until withdrawal
  • Portfolio of transferable funds (only for Spanish residents)
  • Coverage: FOGAIN (Spanish Investment Guarantee Fund).
  • National custodian

Bond Portfolio
ETF

From
5,000 €/$
  • With the best money market ETFs
  • The best indexed bond ETFs
  • Accumulation ETFs.
  • Intelligent Tax Optimization
  • Option in Euros or Dollar
  • Coverage: SIPC
  • International custodian

Returns

The Bond portfolio has been designed with short maturities, less than 2 years, to reduce its volatility and the risks of falls.

*The published Yield is the estimated current average yield of the monetary and bond funds that make up the portfolio, weighted by their weight and discounting all the commissions borne by the portfolio, the TER of the funds (0.38% average), the commission average management (0.35%) and maximum custody (0.105%).

The Yield is therefore not guaranteed. The profitability that the portfolio actually obtains will be different since the value of the funds may vary depending on the evolution of interest rates and credit risk premiums.

If you want to know the expected profitability of a Bond portfolio, we recommend you visit our historical returnspage.

Important note: Past returns are no guarantee of future returns. Long-term financial markets generally have a natural upward trend while they can be very volatile in the short term.

Some data combines real historical data and data from a backtest. Likewise, in the case of this portfolio it has undergone a complete redesign as of 9/1/2023.

Composition

A bond portfolio with funds or ETFs simplifies management and is more fiscally optimal than buying treasury bills or bonds directly. Our automated bond portfolio is broadly diversified, and designed to maximize returns. The investment committee takes into account the existing rate curve to optimize its distribution.

It is a combination of monetary funds, corporate bonds and government bonds to avoid stock volatility, preserve capital and generate the highest possible return in line with current interests. Although bonds are less volatile than stocks, they are not risk-free.

  • Below you can see the distribution of the different portfolios
Funds – EUR Bond Portfolio:
Funds ISIN SFDR*
BlackRock ICS Euro Liquidity Fund IE00B44QSK78 Art. 6
JPM Euro Government Short Duration Bond Fund LU0408877925 Art. 6
AXA WF Euro Credit Short Duration LU0451400914 Art. 8
DWS Floating Rate Notes LC LU0034353002 Art. 6
Pictet-EUR Short Term High Yield I EUR LU0726357444 Art. 8
ETFs – EUR Bond portfolio:
ETFs ISIN SFDR*
Lyxor Euro Overnight Return UCITS ETF – Acc FR0010510800 Art. 6
Amundi Index Euro Corporate SRI 0-3 Y UCITS ETF DR (C) LU2037748774 Art. 6
Xtrackers Eurozone Government Bond 1-3 UCITS ETF 1C LU0290356871 Art. 6
iShares EUR Ultrashort Bond UCITS ETF EUR (Acc) IE000RHYOR04 Art. 6
Xtrackers II EUR High Yield Corporate Bond UCITS ETF LU1109942653 Art. 6
ETFs – USD Bond Portfolio:
ETFs ISIN SFDR*
Lyxor Fed Funds US Dollar Cash UCITS ETF – Acc LU1233598447 Art. 6
Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating IE00BLRPPV00 Art. 6
iShares USD Ultrashort Bond UCITS ETF USD (Acc) IE00BGCSB447 Art. 6
iShares USD Short Duration Corporate Bond UCITS ETF (Acc) IE00BYXYYP94 Art. 6

*SFDR: It is the acronym Sustainable Finance Disclosure Regulation and it is the EU Sustainable Finance Disclosure Regulation (SFDR). It is a set of EU rules that aim to make the sustainability profile of funds more comparable and better understood by end investors. Article 8: are those that promote social and environmental initiatives alongside traditional results objectives. Article 9: are those with a clearly defined sustainable investment objective.

IMPORTANT NOTE: Please note that the final funds in your portfolio may vary, as our Investment Committee is constantly improving portfolios. Furthermore, for investments less than €5,000 the portfolio will be a simplified version with two of the funds mentioned. To learn more about the distribution of your personalized portfolio, we recommend you take our brief questionnaire.

In the design of these portfolios and in the selection of funds or ETFs, maximum global diversification, the greatest return/risk efficiency and, at the same time, minimizing costs are sought. Visit our FAQ on How the Sustainability Level works.

Costs

Funds – EUR BondPortfolio:
Invested amount Management Depositary and trading cost Average built-in cost of the asset
€ 1,000 to € 4,999.99 0.41% 0.105% 0.45%
€5,000 to € 99,999.99 0.41% 0.105% 0.38%
€ 100,000 to € 499,999.99 0.38% 0.105% 0.38%
€ 500,000 to € 999,999.99 0.30% 0.105% 0.38%
€ 1M to € 4,999,999.99 0.25% 0.06% 0.38%
More than € 5M 0.13% 0.06% 0.38%
ETFs – EUR BondPortfolio:
Amount invested Management fee Trading and Depository costs Average implicit cost
€ 5,000 to € 99,999.99 0,41% 0,105% 0,12%
€100,000 to €499,999.99 0,38% 0,105% 0,12%
€500,000 to €999,999.99 0,30% 0,105% 0,12%
€ 1M to € 4,999,999.99 0,25% 0,06% 0,12%
More than € 5M 0,13% 0,06% 0,12%
ETFs – USD BondPortfolio:
Amount invested Management fee Trading and Depository costs Average implicit cost
€ 5,000 to € 99,999.99 0,41% 0,105% 0,11%
€100,000 to €499,999.99 0,38% 0,105% 0,11%
€500,000 to €999,999.99 0,30% 0,105% 0,11%
€ 1M to € 4,999,999.99 0,25% 0,06% 0,11%
More than € 5M 0,13% 0,06% 0,11%

Do you have any question?
Do not keep it for yourself,
we have the answer.

Sometimes money issues are complex, which is why we design our Bond portfolio to be as easy as possible to understand. Here are some of the most frequently asked questions.

What does the published Yield mean?

The published Yield is the current average yield (at maturity) of the monetary and bond funds that make up the portfolio weighted by their weight and discounting all the commissions borne by the portfolio, the TER of the funds (0.15% average), the average management fee (0.38%) and the maximum custody (0.11%). The annual return of the portfolio may be different.

Is the Yield guaranteed?

No! The Yield is an indication of the weighted annualized return (net of commissions) generated by the portfolio of funds that comprise it and does not have to be the return that the portfolio actually obtains since the value of the funds may vary depending on the evolution of interest rates.

What taxes will I pay?

The portfolio is made up of transferable funds and with tax deferral to optimize and delay taxation as much as possible (Spain residents). In the case of withdrawals with capital gains, these will be subject to withholding according to the personal income tax rate. In the case of ETFs, UCITs and accumulation are used so that they are as effective as possible and there are no withholdings on capital gains. You will still have to report your capital gains in your annual return

How risky is the portfolio?

The portfolio has been designed with money market and bond funds that generally have less volatility than stocks. Even so, bonds are not risk-free since their value can vary depending on the evolution of interest rates and credit risk premiums. If you want a portfolio with little risk, a savings portfolio may be better for you.

Can I withdraw money at any time?

Yes, in all our wallets you can withdraw money and have them available in 5 business days. This portfolio is designed for a horizon of about 3 years or more since, although it has less volatility than a stock portfolio, it is subject to interest rate risks.

If you want a portfolio with minimal risk, we recommend that you consider our Savings Portfolio, which has been designed to have very low volatility.