BANKIA EVOLUCION PRUDENTE 1.0.0 2013-07-01 2013-09-30 BANKIA EVOLUCION PRUDENTE 1.0.0 2013-04-01 2013-06-30 BANKIA EVOLUCION PRUDENTE 1.0.0 2013-01-01 2013-09-30 BANKIA EVOLUCION PRUDENTE 1.0.0 2012-01-01 2012-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2013-01-01 2013-03-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2012-10-01 2012-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2011-01-01 2011-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2010-01-01 2010-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2008-01-01 2008-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2010-01-01 2012-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2008-01-01 2012-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2013-09-30 BANKIA EVOLUCION PRUDENTE 1.0.0 2013-06-30 BANKIA EVOLUCION PRUDENTE 1.0.0 2012-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2011-12-31 BANKIA EVOLUCION PRUDENTE 1.0.0 2010-12-31 iso4217:EUR xbrli:pure BANKIA EVOLUCION PRUDENTE 2704 01 03 2013 EUR BB- false www.bankiafondos.es EM fondos@bankia.com www.cnmv.es 05 P. de la Castellana, 189 28046 Madrid EM fondos@bankia.com 2003-02-28 07 14 BAJO El fondo invertira mas del 50% en otras Instituciones de Inversion Colectiva financieras que sean activo apto armonizadas o no pertenecientes o no al grupo de la Gestora, nacionales o extranjeras, de renta fija publica, renta fija privada,renta variable, emergente, high yield, etc, con independencia del tipo de gestion que realicen.El nivel de volatilidad no superara el 2% anual. El objetivo de rentabilidad NO GARANTIZADO, a un ano dependera de lascondiciones de mercado de cada momento, en las condiciones actuales el objetivo es superar el euribor a 3 meses mas 50 puntos basicos. La metodologia aplicada para calcular la exposicion total al 01 0.08 0.00 0.08 2.20 0.01 0.01 0.01 0.19 EUR 1105708.03 1132435.71 9522 9577 0.00 0.00 false 100.00 137518013 90844496 170644498 230928437 124.3710 123.1853 118.8716 120.0640 0.18 0.44 0.00 0.00 0.18 0.44 01 0.03 0.07 01 0.96 0.85 -0.61 0.72 1.30 3.63 -0.18 -0.66 2013-08-27 2013-06-20 0.22 0.29 2013-07-04 2013-06-26 01 1.48 1.48 1.47 0.96 0.90 0.90 19.45 19.45 25.25 28.49 27.88 27.88 1.18 1.18 2.18 2.45 2.53 2.53 1.39 1.39 1.39 1.39 1.39 1.39 0.71 0.28 0.22 0.22 0.21 0.80 0.72 0.69 EvolucionValorLiquidativo_198.png png 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 RentabilidadUltimosAnnos_198.png png 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 false 128528589 133467495 67768718 66288496 60065900 65981304 693971 1197694 0 0 8562047 5081250 427378 1104812 137518013 139653558.00 139653558 83593198 90844496 -2.41 60.44 42.90 -105.83 0.00 0.00 0.85 -0.65 1.12 -634.72 1.00 -0.54 1.53 -746.00 0.31 0.39 1.07 14.46 0.00 0.00 0.04 0.03 0.19 94.73 0.00 0.00 0.00 0.00 -300.00 -0.13 -0.06 -0.18 221.20 0.81 -0.91 0.49 -230.44 -0.03 0.01 -0.04 -545.95 0.00 0.00 -0.21 -0.13 -0.52 108.03 -0.18 -0.12 -0.44 108.79 -0.03 -0.02 -0.07 49.06 0.00 -0.01 -16.39 0.00 0.00 75.73 0.00 0.01 0.00 -109.16 0.06 0.02 0.11 3.25 0.00 0.00 0.01 0.02 0.04 3.25 0.05 0.07 137518013 139653558 137518013 ES0324244005 BONO|Mapfre SA|5.125|2015-11-16 EUR 2324564.00 1.69 2301904.00 1.65 ES0314958069 BONO|Caixanova|3.125|2015-04-15 EUR 3343329.00 2.43 3307689.00 2.37 5667893.00 4.12 5609593.00 4.02 5667893.00 4.12 5609593.00 4.02 ES00000122X5 BONO|Reino de Espana|3.25|2016-04-30 EUR 11200000.00 8.14 0.00 0.00 ES00000122R7 BONO|Reino de Espana|2.5|2013-10-31 EUR 0.00 0.00 2999954.00 2.15 11200000.00 8.14 2999954.00 2.15 16867893.00 12.26 8609547.00 6.17 ES0124244E34 ACCIONES|Mapfre SA EUR 120062.00 0.09 0.00 0.00 120062.00 0.09 0.00 0.00 120062.00 0.09 0.00 0.00 ES0158211039 PARTICIPACIONES|Bkia Ren Ob CP EUR 1080763.00 0.79 1076018.00 0.77 ES0126522038 PARTICIPACIONES|Bkia RF Dur Act EUR 0.00 0.00 602931.00 0.43 1080763.00 0.79 1678949.00 1.20 DEPOSITOS|B.Popular|2.7|2014-07-14 EUR 14000000.00 10.18 0.00 0.00 DEPOSITOS|Banco Santander|2.45|2014-04-08 EUR 3500000.00 2.55 3500000.00 2.51 DEPOSITOS|Banco Sabadell|3.4|2014-01-29 EUR 13700000.00 9.96 13700000.00 9.81 DEPOSITOS|Banco Sabadell|3.4|2014-01-29 EUR 1300000.00 0.95 1300000.00 0.93 DEPOSITOS|Banco Santander|3|2014-01-31 EUR 17200000.00 12.51 17200000.00 12.32 DEPOSITOS|BBVA|3.94|2013-07-03 EUR 0.00 0.00 15300000.00 10.96 DEPOSITOS|BBVA|3.94|2013-07-04 EUR 0.00 0.00 5000000.00 3.58 49700000.00 36.15 56000000.00 40.11 67768718.00 49.29 66288496.00 47.48 LU0113993397 PARTICIPACIONES|HG-Cont.Europea EUR 2311722.00 1.68 2146486.00 1.54 US4642868222 PARTICIPACIONES|Ish MexCapped USD 311751.00 0.23 0.00 0.00 LU0316492775 PARTICIPACIONES|FT Glb Bond Fnd EUR 1322641.00 0.96 1311632.00 0.94 LU0329233133 PARTICIPACIONES|P.F-Euroland Eq EUR 204803.00 0.15 0.00 0.00 FR0010149120 PARTICIPACIONES|CarmignSecurite EUR 4408288.00 3.21 4372783.00 3.13 LU0252966485 PARTICIPACIONES|BRGF-EuroMarket EUR 2362671.00 1.72 2141771.00 1.53 IE00B2Q4XT97 PARTICIPACIONES|BNYEmMktDebtLC EUR 986933.00 0.72 990295.00 0.71 LU0189895658 PARTICIPACIONES|Sch ISF-Glb HgY EUR 1981274.00 1.44 1927456.00 1.38 LU0211118483 PARTICIPACIONES|AXA IM FIIS- US EUR 2225105.00 1.62 2175728.00 1.56 LU0187079347 PARTICIPACIONES|RCG ConsTreEq EUR 1234324.00 0.90 1139384.00 0.82 LU0414666189 PARTICIPACIONES|BRSF-EuropAbsR EUR 4374443.00 3.18 4389202.00 3.14 LU0289470972 PARTICIPACIONES|JPMIF-IncomeOp EUR 2667680.00 1.94 2656618.00 1.90 LU0334857355 PARTICIPACIONES|InvAsiaConsDemF USD 750417.00 0.55 1483414.00 1.06 LU0515764628 PARTICIPACIONES|Thrndle AmAlpha EUR 4310360.00 3.13 4211184.00 3.02 LU0145657366 PARTICIPACIONES|WS Inv Euro Bnd EUR 3016814.00 2.19 2982358.00 2.14 LU0451950587 PARTICIPACIONES|Hdrson EurCorBn EUR 2644837.00 1.92 2597443.00 1.86 LU0490769915 PARTICIPACIONES|Gartmore uk abs EUR 4522930.00 3.29 4309839.00 3.09 LU0188438542 PARTICIPACIONES|Sch ISF-AsiEquY USD 831944.00 0.60 1676092.00 1.20 LU0159197010 PARTICIPACIONES|JB- Crt Opportu EUR 3870830.00 2.81 3818910.00 2.73 IE00B2R34Y72 PARTICIPACIONES|PimcoGlbHgYld EUR 1703346.00 1.24 1665514.00 1.19 LU0346388704 PARTICIPACIONES|FF-GlbFinServcs EUR 988991.00 0.72 981635.00 0.70 FR0010760694 PARTICIPACIONES|Dexia L/S Credi EUR 4272159.00 3.11 4251100.00 3.04 LU0564970050 PARTICIPACIONES|JB-EmgMrkInfl USD 457457.00 0.33 955532.00 0.68 IE00B3TH3V40 PARTICIPACIONES|Mellon-AbsRet EUR 3325446.00 2.42 3338578.00 2.39 LU0555027738 PARTICIPACIONES|ING Rta US Crdt USD 2000811.00 1.45 2055755.00 1.47 LU0515769932 PARTICIPACIONES|ThLux-EnhComPrf EUR 2134720.00 1.55 2088023.00 1.50 LU0353648032 PARTICIPACIONES|FF- EuropDvdn EUR 793691.00 0.58 756467.00 0.54 LU0360491038 PARTICIPACIONES|MSIF DivAlpha+ EUR 0.00 0.00 735636.00 0.53 LU0432616810 PARTICIPACIONES|Inv-BalanRisk EUR 0.00 0.00 4181889.00 2.99 LU0572586674 PARTICIPACIONES|Alken AbsRetEur EUR 0.00 0.00 640580.00 0.46 60016388.00 43.64 65981304.00 47.24 60016388.00 43.64 65981304.00 47.24 127785106.00 92.93 132269801.00 94.72 0.00 DistribucionInversionesFinancieras_198.png png 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 OPC|EURO STOXX 50 (SX5E)|10 Compra de opciones "put" 3910.00 02 3910.00 3910.00 OPC|EURO STOXX 50 (SX5E)|10 Emision de opciones "put" 2610.00 02 2610.00 2610.00 false false false false false false false true false false 19 de julio de 2013 - Modificacion de elementos esenciales del folleto La CNMV ha resuelto: Verificar y registrar a solicitud de BANKIA FONDOS, S.G.I.I.C., S.A., como entidad Gestora, y de BANKIA, S.A, como entidad Depositaria, la actualizacion del folleto y del documento con los datos fundamentales para el inversor de BANKIA EVOLUCION VAR 3, FI (inscrito en el Registro Administrativo de Fondos de Inversion de caracter financiero con el numero 2704), al objeto de elevar la comision de gestion. false false true true false true true false D. Compras: 672.020 miles de EUR.Ventas: 663.822 miles de EUR.Se trata del importe total de operaciones, desglosada entre compra y venta, en las que el depositario ha actuado como vendedor o comprador. G. 0.15% percibido por las empresas del grupo de la gestora en concepto de comisiones de comercializacion, depositaria e intermediacion. El fondo ha realizado operaciones de adquisicion de acciones de Mapfre cuya contrapartida ha sido Bankia. Compra: 120.227,74 A lo largo del trimestre se ha producido una mejora de los datos economicos que, unida a una disminucion de los riesgos (inestabilidad politica en Italia, conflicto armado en Siria, giro en la politica de la Fed, etc.), permite vislumbrar un horizonte mas despejado hasta finales de ano. La economia estadounidense sigue con un ritmo de crecimiento razonablemente dinamico, en la UEM se confirma la salida de la recesion (en Espana se espera crecimiento en el 3T) y los mercados emergentes se han estabilizado. En los mercados de deuda publica, la preocupacion ante la decision de la Fed en septiembre unida a una mejora del sentimiento hacia los paises desarrollados favorecieron que se mantuviera una tendencia alcista en las tires de los bonos de EEUU y Alemania. La moderacion del discurso de la Fed permitio una relajacion a finales de septiembre, aunque la tendencia a medio y largo plazo de las tires sigue siendo alcista. Mejor comportamiento registraron los bonos perifericos de la UEM , en concreto el espanol, favorecido por las menores tensiones en la zona y por un aumento en la confianza. Ello provoco que la prima de riesgo cayera hasta minimos de julio de 2011. La renta variable tuvo un comportamiento muy positivo; un buen numero de indices logro nuevos maximos, anuales en su mayoria, aunque tambien historicos, como ocurrio con el SyP 500 o el Dax Xetra aleman. La relajacion de los temores en relacion a la actuacion de la Fed volvio a impulsar las compras en bolsa. En este movimiento alcista destaco positivamente el Ibex 35, con una ganancia del 18% trimestral que eleva su balance anual por encima del 14%. Tambien hay que referirse al tropiezo y posterior recuperacion de las plazas emergentes, cuyo balance final es de una ganancia del 5%. En el mercado de divisas, lo mas relevante fue la tonica de debilidad del dolar practicamente generalizada, todo lo contrario de lo sucedido en el caso del euro. El patrimonio del fondo en el periodo decrecio en un 1.53%, el numero de participes en el periodo disminuyo en 55 y la rentabilidad del fondo en el trimestre fue de 0.851%. Los gastos totales soportados por el fondo fueron de 0.203% en el trimestre. La rentabilidad diaria maxima alcanzada en el trimestre fue del 0.219% mientras que la renta minima diaria fue de -0.178%. Los fondos de la misma categoria gestionados por Bankia Fondos S.G.I.I.C. S.A. tuvieron una rentabilidad media ponderada del 0.758% en el periodo. La liquidez del fondo se ha remunerado a un tipo medio del 0.009% en el periodo. El fondo obtuvo una rentabilidad superior a la rentabilidad de los indices asociados en 0.84% en el trimestre. Hemos continuado tratando de maximizar el binomio rentabilidad-riesgo. Redujimos parte de nuestra exposicion en Emergentes, tanto en renta variable como en deuda, debido a que la volatilidad que aportaban (no solo en los indices sino tambien las divisas locales) no estaba suficientemente premiada. Incrementamos el peso en Europa principalmente. Hemos realizado coberturas en renta variable a traves de put-spread sobre el Eurostoxx 50, que han contribuido a reducir la volatilidad del fondo. En ningun momento hemos superado los limites de riesgo establecidos por folleto.En el periodo de referencia hemos realizado compras en fondos como PT. PIONEER FUNDS - EUROLAND EQUITY- HEUA (PIOEUAH LX) para Europa y ventas en Asia a traves del fondo PT. SCHRODER ISF- ASIAN EQUITY YIELD- CA (SCHAEYC LX) entre otras operaciones. El fondo hace uso de instrumentos derivados con el fin de la consecucion del objetivo. Como consecuencia del uso de derivados, el fondo tuvo un grado de apalancamiento directo o indirecto medio del 45.39% en el periodo.La volatilidad historica del fondo en el trimestre alcanzo el 1.48% en linea con los mercados en los que invierte. La volatilidad historica es un indicador de riesgo que nos da cierta informacion acerca de la magnitud de los movimientos que cabe esperar en el valor liquidativo del fondo, aunque no debe usarse como una prediccion o un limite de perdida maxima. Europa parece que vuelve a recuperar la senda de la tranquilidad. Las elecciones alemanas han demostrado que sus ciudadanos siguen apostando por una Europa fuerte y cohesionada. Grecia sigue necesitando la ayuda internacional para mantener sus finanzas a flote pero ya no se duda de su permanencia dentro de la Zona Euro. Portugal empieza a dar timidas pruebas de crecimiento aunque hayan sido en periodos cortos. Italia experimenta una tranquilidad politica por la que nadie apostaba tras retirar su ordago Berlusconi y dejar a Letta gobernar. Y Espana vuelve a estar en el punto de mira de los inversores internacionales al considerar que el castigo que se le habia infligido ya ha sido excesivo. Sin embargo, seguimos viendo sintomas de inestabilidad en determinados mercados. En Estados Unidos las diferencias politicas entre Republicanos y Democratas estan empanando unos buenos datos macroeconomicos. El gobierno de Cameron en el Reino Unido se ha empenado en mantener su consulta sobre su permanencia en la Union Europea. Los mercados emergentes empiezan a demostrar que no todo vale, y que para invertir en ellos hay que ser muy selectivos para evitar depreciaciones excesivas de sus divisas o espirales inflacionistas que provoquen subidas importantes de tipos de interes frenando el crecimiento. En este contexto, parece que las noticias positivas superan a las negativas, pero sin olvidarnos de que la probabilidad de un solo evento no esperado puede dar lugar a un nuevo deterioro de expectativas. Sin Advertencias 0 0 0.00 50057471 1840 0.22 1535584124 48330 0.63 26690862 1022 -1.65 108620497 6192 4.24 16521009 1165 0.92 99678561 5698 10.32 9696297 702 2.17 83683730 6813 20.38 113468128 11403 2.97 204811030 8131 3.07 3697379175 143352 2.53 939494792 60271 2.98 7333672 173 5.72 171151464 11933 0.88 42729137 595 11.37 7106899950 307622 2.53