|
Limits by type of Basic SIEFORE (fund) |
|
Basic Initial |
Basic 95-99 |
Basic 90-94 |
Basic 85-89 |
Basic 80-84 |
Basic 75-79 |
Basic 70-74 |
Basic 65-69 |
Basic 60-64 |
Basic Pension |
Trimestre |
1 |
2 |
22 |
42 |
62 |
82 |
102 |
122 |
142 |
161 |
Market and Liquidity Risks |
Value at Risk /2 |
|
0.86% |
0.70% |
Difference of the Conditional Value Risk /2 |
1.30% |
1.30% |
1.27% |
1.23% |
1.17% |
1.01% |
0.76% |
0.50% |
0.21% |
0.10% |
Liquidity coverage ratio /3 |
80% |
Tracking Error /4 |
5% |
Risk by issuer / Counterparty or concentration /5 |
Local /6 |
Debt issued or endorsed by the Federal Government |
100% |
SPE /6 Debt |
10% (mxBBB to mxAAA) (Foreign exchange BB to AAA) |
Debt |
5% (mxBBB to mxAAA) (Foreign exchange BB to AAA) |
5% (mxA- to mxAAA) (Foreign exchange BBB+ to AAA) |
Subordinated Debt |
1% (mxBB+ to mxBBB-) (Foreign exchange B+ to BB-) |
- |
Hybrid Debt |
2% (mxBBB to mxBBB+) (Foreign exchange BB to BB+) |
- |
Inter |
Foreign instrument from one issuer or counterparty/7 |
5% (BBB- to AAA) |
5% (BBB+ to AAA) |
|
Holdings of a single issuance /8 |
---Maximum { 35%, 120
MILLION UDI }--- |
|
Mexican REITs (FIBRAS) /13 and REITs |
2% |
|
Structured securities /12 |
3% |
Assets Class limits |
Foreign Securities /5 |
20% |
Equity /5/10 |
60.00% |
59.93% |
58.12% |
55.84% |
52.95% |
49.12% |
43.00% |
33.52% |
18.23% |
15.00% |
Foreign Currency /5 |
35.00% |
34.98% |
34.40% |
33.67% |
32.73% |
31.43% |
28.40% |
24.03% |
16.93% |
15.00% |
Securitizations/5/11 |
40.00% |
39.94% |
38.17% |
35.68% |
32.84% |
30.02% |
26.46% |
22.98% |
20.64% |
20.00% |
Structured securities/5/12 |
20.00% |
20.00% |
20.00% |
20.00% |
20.00% |
19.86% |
17.00% |
14.14% |
11.29% |
10.00% |
Mexican REITs (FIBRAS)/13 and REITs |
10.00% |
10.00% |
10.00% |
10.00% |
10.00% |
9.93% |
8.50% |
7.07% |
5.64% |
5.00% |
Inflation protected securities/14 |
- |
Min 51% |
Commodities/5 |
5% |
Vehicles and Derivatives |
Investment Mandates |
Yes |
Derivatives |
Yes |
Conflicts of interest /5 |
Securities by related entities |
15% |
Securities by entities with patrimonial affiliation with the AFORE/15 |
5% |