|
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 |
1 |
21 |
41 |
61 |
81 |
101 |
121 |
141 |
161 |
Market and Liquidity Risks |
Value at Risk /2 |
|
0.89% |
0.70% |
Difference of the Conditional Value Risk /2 |
1.30% |
1.30% |
1.27% |
1.24% |
1.17% |
1.02% |
0.78% |
0.52% |
0.23% |
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% |
60.00% |
58.22% |
55.97% |
53.11% |
49.38% |
43.33% |
34.15% |
18.88% |
15.00% |
Foreign Currency /5 |
35.00% |
35.00% |
34.43% |
33.71% |
32.78% |
31.56% |
28.56% |
24.31% |
17.26% |
15.00% |
Securitizations/5/11 |
40.00% |
40.00% |
38.28% |
35.82% |
32.99% |
30.16% |
26.66% |
23.12% |
20.73% |
20.00% |
Structured securities/5/12 |
20.00% |
20.00% |
20.00% |
20.00% |
20.00% |
20.00% |
17.14% |
14.29% |
11.43% |
10.00% |
Mexican REITs (FIBRAS)/13 and REITs |
10.00% |
10.00% |
10.00% |
10.00% |
10.00% |
10.00% |
8.57% |
7.14% |
5.71% |
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% |
Applicable Limits for Modifications and Additions to the “Disposiciones de Carácter General que establecen el régimen de inversión al que deberán sujetarse las Sociedades de Inversión Especializadas de Fondos para el Retiro” as of October 28th, 2024