BBVA Acción IBEX 35 ETF FI Cotizado Armonizado (BBVAI)

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BBVA Acción IBEX 35 ETF FI Cotizado Armonizado is an exchange-traded fund managed by BBVA Asset Management that seeks to replicate the performance of the IBEX 35 index. This benchmark comprises the 35 most liquid Spanish companies listed on the Continuous Market, weighted by market capitalization, spanning sectors such as financial services, utilities, industrials, consumer cyclicals, and technology. The ETF employs a physical replication strategy with optimized sampling to closely track the index, investing primarily in the constituent stocks like major banks, energy firms, and infrastructure companies while allowing for derivatives or other index-related instruments when necessary. It distributes dividends semiannually to participants, with income from underlying holdings passed through after expenses. Denominated in euros and domiciled in Spain, the fund provides investors with targeted exposure to the Spanish equity market's leading large- and mid-cap firms, facilitating participation in the performance of Spain's primary stock market indicator through a harmonized, cotizado structure.