{
	"fund": "BINDEX EUROPA INDICE, FI",
	"id": "ESFI5184-0",
	"url": "https://titelia.com/en/funds/ESFI5184-0",
	"manager": "BBVA ASSET MANAGEMENT, S.A., SGIIC",
	"filing": "cnmv",
	"currency": "EUR",
	"net_assets": 350061000,
	"as_of": "2025-12-31",
	"page": {
		"total": 403,
		"limit": 1000,
		"offset": 0,
		"more": false,
		"next": null,
		"previous": null
	},
	"holdings": [
		{
			"isin": "NL0010273215",
			"company": "ASML Holding NV",
			"company_url": "https://titelia.com/en/stocks/asml-holding-nv-NL0010273215",
			"country": "NL",
			"shares": 0,
			"value": 10334000,
			"currency": "EUR",
			"weight": 2.9521,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012032048",
			"company": "Roche Holding AG",
			"company_url": "https://titelia.com/en/stocks/roche-holding-ag-CH0012032048",
			"country": "CH",
			"shares": 0,
			"value": 7155000,
			"currency": "EUR",
			"weight": 2.0439,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0009895292",
			"company": "AstraZeneca PLC",
			"company_url": "https://titelia.com/en/stocks/astrazeneca-plc-GB0009895292",
			"country": "GB",
			"shares": 0,
			"value": 7081000,
			"currency": "EUR",
			"weight": 2.0228,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0005405286",
			"company": "HSBC Holdings PLC",
			"company_url": "https://titelia.com/en/stocks/hsbc-holdings-plc-GB0005405286",
			"country": "GB",
			"shares": 0,
			"value": 6691000,
			"currency": "EUR",
			"weight": 1.9114,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012005267",
			"company": "Novartis AG",
			"company_url": "https://titelia.com/en/stocks/novartis-ag-CH0012005267",
			"country": "CH",
			"shares": 0,
			"value": 6465000,
			"currency": "EUR",
			"weight": 1.8468,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0038863350",
			"company": "Nestle SA",
			"company_url": "https://titelia.com/en/stocks/nestle-sa-CH0038863350",
			"country": "CH",
			"shares": 0,
			"value": 6295000,
			"currency": "EUR",
			"weight": 1.7983,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007164600",
			"company": "SAP SE",
			"company_url": "https://titelia.com/en/stocks/sap-se-DE0007164600",
			"country": "DE",
			"shares": 0,
			"value": 6286000,
			"currency": "EUR",
			"weight": 1.7957,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BP6MXD84",
			"company": "Shell PLC",
			"company_url": "https://titelia.com/en/stocks/shell-plc-GB00BP6MXD84",
			"country": "GB",
			"shares": 0,
			"value": 5255000,
			"currency": "EUR",
			"weight": 1.5012,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007236101",
			"company": "Siemens AG",
			"company_url": "https://titelia.com/en/stocks/siemens-ag-DE0007236101",
			"country": "DE",
			"shares": 0,
			"value": 5251000,
			"currency": "EUR",
			"weight": 1.5,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121014",
			"company": "LVMH Moet Hennessy Louis Vuitton SE",
			"company_url": "https://titelia.com/en/stocks/lvmh-moet-hennessy-louis-vuitton-se-FR0000121014",
			"country": "FR",
			"shares": 0,
			"value": 4660000,
			"currency": "EUR",
			"weight": 1.3312,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0008404005",
			"company": "Allianz SE",
			"company_url": "https://titelia.com/en/stocks/allianz-se-DE0008404005",
			"country": "DE",
			"shares": 0,
			"value": 4357000,
			"currency": "EUR",
			"weight": 1.2446,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0113900J37",
			"company": "Banco Santander SA",
			"company_url": "https://titelia.com/en/stocks/banco-santander-sa-ES0113900J37",
			"country": "ES",
			"shares": 0,
			"value": 4331000,
			"currency": "EUR",
			"weight": 1.2372,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0062498333",
			"company": "Novo Nordisk A/S",
			"company_url": "https://titelia.com/en/stocks/novo-nordisk-a-s-DK0062498333",
			"country": "DK",
			"shares": 0,
			"value": 4052000,
			"currency": "EUR",
			"weight": 1.1575,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121972",
			"company": "Schneider Electric SE",
			"company_url": "https://titelia.com/en/stocks/schneider-electric-se-FR0000121972",
			"country": "FR",
			"shares": 0,
			"value": 3721000,
			"currency": "EUR",
			"weight": 1.063,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0244767585",
			"company": "UBS Group AG",
			"company_url": "https://titelia.com/en/stocks/ubs-group-ag-CH0244767585",
			"country": "CH",
			"shares": 0,
			"value": 3641000,
			"currency": "EUR",
			"weight": 1.0401,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BVZK7T90",
			"company": "Unilever PLC",
			"company_url": "https://titelia.com/en/stocks/unilever-plc-GB00BVZK7T90",
			"country": "GB",
			"shares": 0,
			"value": 3507000,
			"currency": "EUR",
			"weight": 1.0018,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000235190",
			"company": "Airbus SE",
			"company_url": "https://titelia.com/en/stocks/airbus-se-NL0000235190",
			"country": "FR",
			"shares": 0,
			"value": 3406000,
			"currency": "EUR",
			"weight": 0.973,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0144580Y14",
			"company": "Iberdrola SA",
			"company_url": "https://titelia.com/en/stocks/iberdrola-sa-ES0144580Y14",
			"country": "ES",
			"shares": 0,
			"value": 3386000,
			"currency": "EUR",
			"weight": 0.9673,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0113211835",
			"company": "Banco Bilbao Vizcaya Argentaria SA",
			"company_url": "https://titelia.com/en/stocks/banco-bilbao-vizcaya-argentaria-sa-ES0113211835",
			"country": "ES",
			"shares": 0,
			"value": 3339000,
			"currency": "EUR",
			"weight": 0.9538,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B63H8491",
			"company": "Rolls-Royce Holdings PLC",
			"company_url": "https://titelia.com/en/stocks/rolls-royce-holdings-plc-GB00B63H8491",
			"country": "GB",
			"shares": 0,
			"value": 3205000,
			"currency": "EUR",
			"weight": 0.9156,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120271",
			"company": "TotalEnergies SE",
			"company_url": "https://titelia.com/en/stocks/totalenergies-se-FR0000120271",
			"country": "FR",
			"shares": 0,
			"value": 3190000,
			"currency": "EUR",
			"weight": 0.9113,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000073272",
			"company": "Safran SA",
			"company_url": "https://titelia.com/en/stocks/safran-sa-FR0000073272",
			"country": "FR",
			"shares": 0,
			"value": 3094000,
			"currency": "EUR",
			"weight": 0.8838,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0002875804",
			"company": "British American Tobacco PLC",
			"company_url": "https://titelia.com/en/stocks/british-american-tobacco-plc-GB0002875804",
			"country": "GB",
			"shares": 0,
			"value": 3050000,
			"currency": "EUR",
			"weight": 0.8713,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005557508",
			"company": "Deutsche Telekom AG",
			"company_url": "https://titelia.com/en/stocks/deutsche-telekom-ag-DE0005557508",
			"country": "DE",
			"shares": 0,
			"value": 2940000,
			"currency": "EUR",
			"weight": 0.8399,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012221716",
			"company": "ABB Ltd",
			"company_url": "https://titelia.com/en/stocks/abb-ltd-CH0012221716",
			"country": "CH",
			"shares": 0,
			"value": 2880000,
			"currency": "EUR",
			"weight": 0.8227,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0005239360",
			"company": "UniCredit SpA",
			"company_url": "https://titelia.com/en/stocks/unicredit-spa-IT0005239360",
			"country": "IT",
			"shares": 0,
			"value": 2873000,
			"currency": "EUR",
			"weight": 0.8207,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0210483332",
			"company": "Cie Financiere Richemont SA",
			"company_url": "https://titelia.com/en/stocks/cie-financiere-richemont-sa-CH0210483332",
			"country": "CH",
			"shares": 0,
			"value": 2870000,
			"currency": "EUR",
			"weight": 0.8199,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0011075394",
			"company": "Zurich Insurance Group AG",
			"company_url": "https://titelia.com/en/stocks/zurich-insurance-group-ag-CH0011075394",
			"country": "CH",
			"shares": 0,
			"value": 2733000,
			"currency": "EUR",
			"weight": 0.7807,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000ENER6Y0",
			"company": "Siemens Energy AG",
			"company_url": "https://titelia.com/en/stocks/siemens-energy-ag-DE000ENER6Y0",
			"country": "DE",
			"shares": 0,
			"value": 2696000,
			"currency": "EUR",
			"weight": 0.7702,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120073",
			"company": "Air Liquide SA",
			"company_url": "https://titelia.com/en/stocks/air-liquide-sa-FR0000120073",
			"country": "FR",
			"shares": 0,
			"value": 2679000,
			"currency": "EUR",
			"weight": 0.7653,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120578",
			"company": "Sanofi SA",
			"company_url": "https://titelia.com/en/stocks/sanofi-sa-FR0000120578",
			"country": "FR",
			"shares": 0,
			"value": 2640000,
			"currency": "EUR",
			"weight": 0.7542,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120321",
			"company": "L'Oreal SA",
			"company_url": "https://titelia.com/en/stocks/l-oreal-sa-FR0000120321",
			"country": "FR",
			"shares": 0,
			"value": 2544000,
			"currency": "EUR",
			"weight": 0.7267,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BN7SWP63",
			"company": "GSK PLC",
			"company_url": "https://titelia.com/en/stocks/gsk-plc-GB00BN7SWP63",
			"country": "GB",
			"shares": 0,
			"value": 2456000,
			"currency": "EUR",
			"weight": 0.7016,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0000072618",
			"company": "Intesa Sanpaolo SpA",
			"company_url": "https://titelia.com/en/stocks/intesa-sanpaolo-spa-IT0000072618",
			"country": "IT",
			"shares": 0,
			"value": 2437000,
			"currency": "EUR",
			"weight": 0.6962,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121667",
			"company": "EssilorLuxottica SA",
			"company_url": "https://titelia.com/en/stocks/essilorluxottica-sa-FR0000121667",
			"country": "FR",
			"shares": 0,
			"value": 2348000,
			"currency": "EUR",
			"weight": 0.6707,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000131104",
			"company": "BNP Paribas SA",
			"company_url": "https://titelia.com/en/stocks/bnp-paribas-sa-FR0000131104",
			"country": "FR",
			"shares": 0,
			"value": 2346000,
			"currency": "EUR",
			"weight": 0.6702,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0007980591",
			"company": "BP PLC",
			"company_url": "https://titelia.com/en/stocks/bp-plc-GB0007980591",
			"country": "GB",
			"shares": 0,
			"value": 2255000,
			"currency": "EUR",
			"weight": 0.6442,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0007188757",
			"company": "Rio Tinto PLC",
			"company_url": "https://titelia.com/en/stocks/rio-tinto-plc-GB0007188757",
			"country": "GB",
			"shares": 0,
			"value": 2240000,
			"currency": "EUR",
			"weight": 0.6399,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU1778762911",
			"company": "Spotify Technology SA",
			"company_url": "https://titelia.com/en/stocks/spotify-technology-sa-LU1778762911",
			"country": "US",
			"shares": 0,
			"value": 2236000,
			"currency": "EUR",
			"weight": 0.6387,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0031348658",
			"company": "Barclays PLC",
			"company_url": "https://titelia.com/en/stocks/barclays-plc-GB0031348658",
			"country": "GB",
			"shares": 0,
			"value": 2201000,
			"currency": "EUR",
			"weight": 0.6287,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0008430026",
			"company": "Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen",
			"company_url": "https://titelia.com/en/stocks/muenchener-rueckversicherungs-gesellschaft-ag-in-muenchen-DE0008430026",
			"country": "DE",
			"shares": 0,
			"value": 2122000,
			"currency": "EUR",
			"weight": 0.6062,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0011821202",
			"company": "ING Groep NV",
			"company_url": "https://titelia.com/en/stocks/ing-groep-nv-NL0011821202",
			"country": "NL",
			"shares": 0,
			"value": 2096000,
			"currency": "EUR",
			"weight": 0.5988,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003128367",
			"company": "Enel SpA",
			"company_url": "https://titelia.com/en/stocks/enel-spa-IT0003128367",
			"country": "IT",
			"shares": 0,
			"value": 2086000,
			"currency": "EUR",
			"weight": 0.5959,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007030009",
			"company": "Rheinmetall AG",
			"company_url": "https://titelia.com/en/stocks/rheinmetall-ag-DE0007030009",
			"country": "DE",
			"shares": 0,
			"value": 2075000,
			"currency": "EUR",
			"weight": 0.5928,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120628",
			"company": "AXA SA",
			"company_url": "https://titelia.com/en/stocks/axa-sa-FR0000120628",
			"country": "FR",
			"shares": 0,
			"value": 2053000,
			"currency": "EUR",
			"weight": 0.5865,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0013654783",
			"company": "Prosus NV",
			"company_url": "https://titelia.com/en/stocks/prosus-nv-NL0013654783",
			"country": "NL",
			"shares": 0,
			"value": 1998000,
			"currency": "EUR",
			"weight": 0.5708,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000052292",
			"company": "Hermes International SCA",
			"company_url": "https://titelia.com/en/stocks/hermes-international-sca-FR0000052292",
			"country": "FR",
			"shares": 0,
			"value": 1942000,
			"currency": "EUR",
			"weight": 0.5548,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0008706128",
			"company": "Lloyds Banking Group PLC",
			"company_url": "https://titelia.com/en/stocks/lloyds-banking-group-plc-GB0008706128",
			"country": "GB",
			"shares": 0,
			"value": 1926000,
			"currency": "EUR",
			"weight": 0.5502,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BDR05C01",
			"company": "National Grid PLC",
			"company_url": "https://titelia.com/en/stocks/national-grid-plc-GB00BDR05C01",
			"country": "GB",
			"shares": 0,
			"value": 1875000,
			"currency": "EUR",
			"weight": 0.5356,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B2B0DG97",
			"company": "RELX PLC",
			"company_url": "https://titelia.com/en/stocks/relx-plc-GB00B2B0DG97",
			"country": "GB",
			"shares": 0,
			"value": 1825000,
			"currency": "EUR",
			"weight": 0.5213,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0148396007",
			"company": "Industria de Diseno Textil SA",
			"company_url": "https://titelia.com/en/stocks/industria-de-diseno-textil-sa-ES0148396007",
			"country": "ES",
			"shares": 0,
			"value": 1776000,
			"currency": "EUR",
			"weight": 0.5073,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005140008",
			"company": "Deutsche Bank AG",
			"company_url": "https://titelia.com/en/stocks/deutsche-bank-ag-DE0005140008",
			"country": "DE",
			"shares": 0,
			"value": 1771000,
			"currency": "EUR",
			"weight": 0.5059,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BM8PJY71",
			"company": "NatWest Group PLC",
			"company_url": "https://titelia.com/en/stocks/natwest-group-plc-GB00BM8PJY71",
			"country": "GB",
			"shares": 0,
			"value": 1734000,
			"currency": "EUR",
			"weight": 0.4953,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000125486",
			"company": "Vinci SA",
			"company_url": "https://titelia.com/en/stocks/vinci-sa-FR0000125486",
			"country": "FR",
			"shares": 0,
			"value": 1730000,
			"currency": "EUR",
			"weight": 0.4942,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0002634946",
			"company": "BAE Systems PLC",
			"company_url": "https://titelia.com/en/stocks/bae-systems-plc-GB0002634946",
			"country": "GB",
			"shares": 0,
			"value": 1705000,
			"currency": "EUR",
			"weight": 0.4871,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015811963",
			"company": "Investor AB",
			"company_url": "https://titelia.com/en/stocks/investor-ab-SE0015811963",
			"country": "SE",
			"shares": 0,
			"value": 1607000,
			"currency": "EUR",
			"weight": 0.4591,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974293251",
			"company": "Anheuser-Busch InBev SA/NV",
			"company_url": "https://titelia.com/en/stocks/anheuser-busch-inbev-sa-nv-BE0974293251",
			"country": "BE",
			"shares": 0,
			"value": 1568000,
			"currency": "EUR",
			"weight": 0.4479,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI4000297767",
			"company": "Nordea Bank Abp",
			"company_url": "https://titelia.com/en/stocks/nordea-bank-abp-FI4000297767",
			"country": "FI",
			"shares": 0,
			"value": 1443000,
			"currency": "EUR",
			"weight": 0.4122,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120644",
			"company": "Danone SA",
			"company_url": "https://titelia.com/en/stocks/danone-sa-FR0000120644",
			"country": "FR",
			"shares": 0,
			"value": 1436000,
			"currency": "EUR",
			"weight": 0.4102,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006231004",
			"company": "Infineon Technologies AG",
			"company_url": "https://titelia.com/en/stocks/infineon-technologies-ag-DE0006231004",
			"country": "DE",
			"shares": 0,
			"value": 1424000,
			"currency": "EUR",
			"weight": 0.4068,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000130809",
			"company": "Societe Generale SA",
			"company_url": "https://titelia.com/en/stocks/societe-generale-sa-FR0000130809",
			"country": "FR",
			"shares": 0,
			"value": 1403000,
			"currency": "EUR",
			"weight": 0.4008,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B0SWJX34",
			"company": "London Stock Exchange Group PLC",
			"company_url": "https://titelia.com/en/stocks/london-stock-exchange-group-plc-GB00B0SWJX34",
			"country": "GB",
			"shares": 0,
			"value": 1385000,
			"currency": "EUR",
			"weight": 0.3956,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JE00B4T3BW64",
			"company": "Glencore PLC",
			"company_url": "https://titelia.com/en/stocks/glencore-plc-JE00B4T3BW64",
			"country": "GB",
			"shares": 0,
			"value": 1353000,
			"currency": "EUR",
			"weight": 0.3865,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B24CGK77",
			"company": "RECKITT BENCKISER GROUP PLC",
			"company_url": "https://titelia.com/en/stocks/reckitt-benckiser-group-plc-GB00B24CGK77",
			"country": "GB",
			"shares": 0,
			"value": 1342000,
			"currency": "EUR",
			"weight": 0.3834,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BD6K4575",
			"company": "Compass Group PLC",
			"company_url": "https://titelia.com/en/stocks/compass-group-plc-GB00BD6K4575",
			"country": "GB",
			"shares": 0,
			"value": 1329000,
			"currency": "EUR",
			"weight": 0.3796,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005552004",
			"company": "Deutsche Post AG",
			"company_url": "https://titelia.com/en/stocks/deutsche-post-ag-DE0005552004",
			"country": "DE",
			"shares": 0,
			"value": 1296000,
			"currency": "EUR",
			"weight": 0.3702,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060079531",
			"company": "DSV A/S",
			"company_url": "https://titelia.com/en/stocks/dsv-a-s-DK0060079531",
			"country": "DK",
			"shares": 0,
			"value": 1277000,
			"currency": "EUR",
			"weight": 0.3648,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0010832176",
			"company": "Argenx SE",
			"company_url": "https://titelia.com/en/stocks/argenx-se-NL0010832176",
			"country": "BE",
			"shares": 0,
			"value": 1275000,
			"currency": "EUR",
			"weight": 0.3642,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000115446",
			"company": "Volvo AB",
			"company_url": "https://titelia.com/en/stocks/volvo-ab-SE0000115446",
			"country": "SE",
			"shares": 0,
			"value": 1255000,
			"currency": "EUR",
			"weight": 0.3585,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007100000",
			"company": "Mercedes-Benz Group AG",
			"company_url": "https://titelia.com/en/stocks/mercedes-benz-group-ag-DE0007100000",
			"country": "DE",
			"shares": 0,
			"value": 1253000,
			"currency": "EUR",
			"weight": 0.3579,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0126881561",
			"company": "Swiss Re AG",
			"company_url": "https://titelia.com/en/stocks/swiss-re-ag-CH0126881561",
			"country": "CH",
			"shares": 0,
			"value": 1232000,
			"currency": "EUR",
			"weight": 0.3519,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012214059",
			"company": "Holcim AG",
			"company_url": "https://titelia.com/en/stocks/holcim-ag-CH0012214059",
			"country": "CH",
			"shares": 0,
			"value": 1231000,
			"currency": "EUR",
			"weight": 0.3517,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005810055",
			"company": "Deutsche Boerse AG",
			"company_url": "https://titelia.com/en/stocks/deutsche-boerse-ag-DE0005810055",
			"country": "DE",
			"shares": 0,
			"value": 1217000,
			"currency": "EUR",
			"weight": 0.3477,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0017486889",
			"company": "Atlas Copco AB",
			"company_url": "https://titelia.com/en/stocks/atlas-copco-ab-SE0017486889",
			"country": "SE",
			"shares": 0,
			"value": 1191000,
			"currency": "EUR",
			"weight": 0.3402,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010208488",
			"company": "Engie SA",
			"company_url": "https://titelia.com/en/stocks/engie-sa-FR0010208488",
			"country": "FR",
			"shares": 0,
			"value": 1183000,
			"currency": "EUR",
			"weight": 0.3379,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0002374006",
			"company": "Diageo PLC",
			"company_url": "https://titelia.com/en/stocks/diageo-plc-GB0002374006",
			"country": "GB",
			"shares": 0,
			"value": 1182000,
			"currency": "EUR",
			"weight": 0.3377,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0140609019",
			"company": "CaixaBank SA",
			"company_url": "https://titelia.com/en/stocks/caixabank-sa-ES0140609019",
			"country": "ES",
			"shares": 0,
			"value": 1176000,
			"currency": "EUR",
			"weight": 0.3359,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0004082847",
			"company": "Standard Chartered PLC",
			"company_url": "https://titelia.com/en/stocks/standard-chartered-plc-GB0004082847",
			"country": "GB",
			"shares": 0,
			"value": 1174000,
			"currency": "EUR",
			"weight": 0.3354,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0013841017",
			"company": "Lonza Group AG",
			"company_url": "https://titelia.com/en/stocks/lonza-group-ag-CH0013841017",
			"country": "CH",
			"shares": 0,
			"value": 1172000,
			"currency": "EUR",
			"weight": 0.3348,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0011585146",
			"company": "Ferrari NV",
			"company_url": "https://titelia.com/en/stocks/ferrari-nv-NL0011585146",
			"country": "IT",
			"shares": 0,
			"value": 1161000,
			"currency": "EUR",
			"weight": 0.3317,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000BASF111",
			"company": "BASF SE",
			"company_url": "https://titelia.com/en/stocks/basf-se-DE000BASF111",
			"country": "DE",
			"shares": 0,
			"value": 1146000,
			"currency": "EUR",
			"weight": 0.3274,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BTK05J60",
			"company": "Anglo American PLC",
			"company_url": "https://titelia.com/en/stocks/anglo-american-plc-GB00BTK05J60",
			"country": "GB",
			"shares": 0,
			"value": 1143000,
			"currency": "EUR",
			"weight": 0.3265,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000125007",
			"company": "Cie de Saint-Gobain SA",
			"company_url": "https://titelia.com/en/stocks/cie-de-saint-gobain-sa-FR0000125007",
			"country": "FR",
			"shares": 0,
			"value": 1129000,
			"currency": "EUR",
			"weight": 0.3225,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BMX86B70",
			"company": "Haleon PLC",
			"company_url": "https://titelia.com/en/stocks/haleon-plc-GB00BMX86B70",
			"country": "GB",
			"shares": 0,
			"value": 1105000,
			"currency": "EUR",
			"weight": 0.3157,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B1YW4409",
			"company": "3i Group PLC",
			"company_url": "https://titelia.com/en/stocks/3i-group-plc-GB00B1YW4409",
			"country": "GB",
			"shares": 0,
			"value": 1073000,
			"currency": "EUR",
			"weight": 0.3065,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000BAY0017",
			"company": "Bayer AG",
			"company_url": "https://titelia.com/en/stocks/bayer-ag-DE000BAY0017",
			"country": "DE",
			"shares": 0,
			"value": 1051000,
			"currency": "EUR",
			"weight": 0.3002,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000ENAG999",
			"company": "E.ON SE",
			"company_url": "https://titelia.com/en/stocks/e-on-se-DE000ENAG999",
			"country": "DE",
			"shares": 0,
			"value": 1046000,
			"currency": "EUR",
			"weight": 0.2988,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B19NLV48",
			"company": "Experian PLC",
			"company_url": "https://titelia.com/en/stocks/experian-plc-GB00B19NLV48",
			"country": "GB",
			"shares": 0,
			"value": 1022000,
			"currency": "EUR",
			"weight": 0.2919,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0012969182",
			"company": "Adyen NV",
			"company_url": "https://titelia.com/en/stocks/adyen-nv-NL0012969182",
			"country": "NL",
			"shares": 0,
			"value": 1002000,
			"currency": "EUR",
			"weight": 0.2862,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0432492467",
			"company": "Alcon AG",
			"company_url": "https://titelia.com/en/stocks/alcon-ag-CH0432492467",
			"country": "CH",
			"shares": 0,
			"value": 981000,
			"currency": "EUR",
			"weight": 0.2802,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0007099541",
			"company": "Prudential PLC",
			"company_url": "https://titelia.com/en/stocks/prudential-plc-GB0007099541",
			"country": "GB",
			"shares": 0,
			"value": 971000,
			"currency": "EUR",
			"weight": 0.2774,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010307819",
			"company": "Legrand SA",
			"company_url": "https://titelia.com/en/stocks/legrand-sa-FR0010307819",
			"country": "FR",
			"shares": 0,
			"value": 964000,
			"currency": "EUR",
			"weight": 0.2754,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0007100581",
			"company": "Assa Abloy AB",
			"company_url": "https://titelia.com/en/stocks/assa-abloy-ab-SE0007100581",
			"country": "SE",
			"shares": 0,
			"value": 960000,
			"currency": "EUR",
			"weight": 0.2742,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003132476",
			"company": "Eni SpA",
			"company_url": "https://titelia.com/en/stocks/eni-spa-IT0003132476",
			"country": "IT",
			"shares": 0,
			"value": 954000,
			"currency": "EUR",
			"weight": 0.2725,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BLGZ9862",
			"company": "Tesco PLC",
			"company_url": "https://titelia.com/en/stocks/tesco-plc-GB00BLGZ9862",
			"country": "GB",
			"shares": 0,
			"value": 951000,
			"currency": "EUR",
			"weight": 0.2717,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000652011",
			"company": "Erste Group Bank AG",
			"company_url": "https://titelia.com/en/stocks/erste-group-bank-ag-AT0000652011",
			"country": "AT",
			"shares": 0,
			"value": 915000,
			"currency": "EUR",
			"weight": 0.2614,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0011794037",
			"company": "Koninklijke Ahold Delhaize NV",
			"company_url": "https://titelia.com/en/stocks/koninklijke-ahold-delhaize-nv-NL0011794037",
			"country": "NL",
			"shares": 0,
			"value": 904000,
			"currency": "EUR",
			"weight": 0.2582,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0010645932",
			"company": "Givaudan SA",
			"company_url": "https://titelia.com/en/stocks/givaudan-sa-CH0010645932",
			"country": "CH",
			"shares": 0,
			"value": 902000,
			"currency": "EUR",
			"weight": 0.2577,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0000062072",
			"company": "Generali",
			"company_url": "https://titelia.com/en/stocks/generali-IT0000062072",
			"country": "IT",
			"shares": 0,
			"value": 880000,
			"currency": "EUR",
			"weight": 0.2514,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003739530",
			"company": "UCB SA",
			"company_url": "https://titelia.com/en/stocks/ucb-sa-BE0003739530",
			"country": "BE",
			"shares": 0,
			"value": 872000,
			"currency": "EUR",
			"weight": 0.2491,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0007908733",
			"company": "SSE PLC",
			"company_url": "https://titelia.com/en/stocks/sse-plc-GB0007908733",
			"country": "GB",
			"shares": 0,
			"value": 870000,
			"currency": "EUR",
			"weight": 0.2485,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006047004",
			"company": "Heidelberg Materials AG",
			"company_url": "https://titelia.com/en/stocks/heidelberg-materials-ag-DE0006047004",
			"country": "DE",
			"shares": 0,
			"value": 862000,
			"currency": "EUR",
			"weight": 0.2462,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000667891",
			"company": "Sandvik AB",
			"company_url": "https://titelia.com/en/stocks/sandvik-ab-SE0000667891",
			"country": "SE",
			"shares": 0,
			"value": 856000,
			"currency": "EUR",
			"weight": 0.2445,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009000681",
			"company": "Nokia Oyj",
			"company_url": "https://titelia.com/en/stocks/nokia-oyj-FI0009000681",
			"country": "FI",
			"shares": 0,
			"value": 853000,
			"currency": "EUR",
			"weight": 0.2437,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A1EWWW0",
			"company": "adidas AG",
			"company_url": "https://titelia.com/en/stocks/adidas-ag-DE000A1EWWW0",
			"country": "DE",
			"shares": 0,
			"value": 835000,
			"currency": "EUR",
			"weight": 0.2385,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007037129",
			"company": "RWE AG",
			"company_url": "https://titelia.com/en/stocks/rwe-ag-DE0007037129",
			"country": "DE",
			"shares": 0,
			"value": 827000,
			"currency": "EUR",
			"weight": 0.2362,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0010274414",
			"company": "Danske Bank A/S",
			"company_url": "https://titelia.com/en/stocks/danske-bank-a-s-DK0010274414",
			"country": "DK",
			"shares": 0,
			"value": 823000,
			"currency": "EUR",
			"weight": 0.2351,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015001FS8",
			"company": "Ferrovial SE",
			"company_url": "https://titelia.com/en/stocks/ferrovial-se-NL0015001FS8",
			"country": "NL",
			"shares": 0,
			"value": 821000,
			"currency": "EUR",
			"weight": 0.2345,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0109067019",
			"company": "Amadeus IT Group SA",
			"company_url": "https://titelia.com/en/stocks/amadeus-it-group-sa-ES0109067019",
			"country": "ES",
			"shares": 0,
			"value": 818000,
			"currency": "EUR",
			"weight": 0.2337,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0014852781",
			"company": "Swiss Life Holding AG",
			"company_url": "https://titelia.com/en/stocks/swiss-life-holding-ag-CH0014852781",
			"country": "CH",
			"shares": 0,
			"value": 811000,
			"currency": "EUR",
			"weight": 0.2317,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0004544929",
			"company": "Imperial Brands PLC",
			"company_url": "https://titelia.com/en/stocks/imperial-brands-plc-GB0004544929",
			"country": "GB",
			"shares": 0,
			"value": 790000,
			"currency": "EUR",
			"weight": 0.2257,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000148884",
			"company": "Skandinaviska Enskilda Banken AB",
			"company_url": "https://titelia.com/en/stocks/skandinaviska-enskilda-banken-ab-SE0000148884",
			"country": "SE",
			"shares": 0,
			"value": 788000,
			"currency": "EUR",
			"weight": 0.2251,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1335392721",
			"company": "Galderma Group AG",
			"company_url": "https://titelia.com/en/stocks/galderma-group-ag-CH1335392721",
			"country": "CH",
			"shares": 0,
			"value": 778000,
			"currency": "EUR",
			"weight": 0.2222,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0418792922",
			"company": "Sika AG",
			"company_url": "https://titelia.com/en/stocks/sika-ag-CH0418792922",
			"country": "CH",
			"shares": 0,
			"value": 769000,
			"currency": "EUR",
			"weight": 0.2197,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000CBK1001",
			"company": "Commerzbank AG",
			"company_url": "https://titelia.com/en/stocks/commerzbank-ag-DE000CBK1001",
			"country": "DE",
			"shares": 0,
			"value": 764000,
			"currency": "EUR",
			"weight": 0.2182,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000133308",
			"company": "Orange SA",
			"company_url": "https://titelia.com/en/stocks/orange-sa-FR0000133308",
			"country": "FR",
			"shares": 0,
			"value": 764000,
			"currency": "EUR",
			"weight": 0.2182,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005190003",
			"company": "Bayerische Motoren Werke AG",
			"company_url": "https://titelia.com/en/stocks/bayerische-motoren-werke-ag-DE0005190003",
			"country": "DE",
			"shares": 0,
			"value": 755000,
			"currency": "EUR",
			"weight": 0.2157,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1243598427",
			"company": "Sandoz Group AG",
			"company_url": "https://titelia.com/en/stocks/sandoz-group-ag-CH1243598427",
			"country": "CH",
			"shares": 0,
			"value": 750000,
			"currency": "EUR",
			"weight": 0.2142,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003565737",
			"company": "KBC Group NV",
			"company_url": "https://titelia.com/en/stocks/kbc-group-nv-BE0003565737",
			"country": "BE",
			"shares": 0,
			"value": 738000,
			"currency": "EUR",
			"weight": 0.2108,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000242455",
			"company": "Swedbank AB",
			"company_url": "https://titelia.com/en/stocks/swedbank-ab-SE0000242455",
			"country": "SE",
			"shares": 0,
			"value": 728000,
			"currency": "EUR",
			"weight": 0.208,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI4000552500",
			"company": "Sampo Oyj",
			"company_url": "https://titelia.com/en/stocks/sampo-oyj-FI4000552500",
			"country": "FI",
			"shares": 0,
			"value": 723000,
			"currency": "EUR",
			"weight": 0.2065,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE00BYTBXV33",
			"company": "Ryanair Holdings PLC",
			"company_url": "https://titelia.com/en/stocks/ryanair-holdings-plc-IE00BYTBXV33",
			"country": "IE",
			"shares": 0,
			"value": 720000,
			"currency": "EUR",
			"weight": 0.2057,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0000536739",
			"company": "Ashtead Group PLC",
			"company_url": "https://titelia.com/en/stocks/ashtead-group-plc-GB0000536739",
			"country": "GB",
			"shares": 0,
			"value": 710000,
			"currency": "EUR",
			"weight": 0.2028,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015000IY2",
			"company": "Universal Music Group NV",
			"company_url": "https://titelia.com/en/stocks/universal-music-group-nv-NL0015000IY2",
			"country": "NL",
			"shares": 0,
			"value": 707000,
			"currency": "EUR",
			"weight": 0.202,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0004176001",
			"company": "Prysmian SpA",
			"company_url": "https://titelia.com/en/stocks/prysmian-spa-IT0004176001",
			"country": "IT",
			"shares": 0,
			"value": 703000,
			"currency": "EUR",
			"weight": 0.2008,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000334118",
			"company": "ASM International NV",
			"company_url": "https://titelia.com/en/stocks/asm-international-nv-NL0000334118",
			"country": "NL",
			"shares": 0,
			"value": 701000,
			"currency": "EUR",
			"weight": 0.2003,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BPQY8M80",
			"company": "Aviva PLC",
			"company_url": "https://titelia.com/en/stocks/aviva-plc-GB00BPQY8M80",
			"country": "GB",
			"shares": 0,
			"value": 693000,
			"currency": "EUR",
			"weight": 0.198,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0024608827",
			"company": "Partners Group Holding AG",
			"company_url": "https://titelia.com/en/stocks/partners-group-holding-ag-CH0024608827",
			"country": "CH",
			"shares": 0,
			"value": 692000,
			"currency": "EUR",
			"weight": 0.1977,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0061539921",
			"company": "Vestas Wind Systems A/S",
			"company_url": "https://titelia.com/en/stocks/vestas-wind-systems-a-s-DK0061539921",
			"country": "DK",
			"shares": 0,
			"value": 677000,
			"currency": "EUR",
			"weight": 0.1934,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000108656",
			"company": "Telefonaktiebolaget LM Ericsson",
			"company_url": "https://titelia.com/en/stocks/telefonaktiebolaget-lm-ericsson-SE0000108656",
			"country": "SE",
			"shares": 0,
			"value": 677000,
			"currency": "EUR",
			"weight": 0.1934,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0030170408",
			"company": "Geberit AG",
			"company_url": "https://titelia.com/en/stocks/geberit-ag-CH0030170408",
			"country": "CH",
			"shares": 0,
			"value": 652000,
			"currency": "EUR",
			"weight": 0.1863,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121485",
			"company": "Kering SA",
			"company_url": "https://titelia.com/en/stocks/kering-sa-FR0000121485",
			"country": "FR",
			"shares": 0,
			"value": 647000,
			"currency": "EUR",
			"weight": 0.1848,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000125338",
			"company": "Capgemini SE",
			"company_url": "https://titelia.com/en/stocks/capgemini-se-FR0000125338",
			"country": "FR",
			"shares": 0,
			"value": 634000,
			"currency": "EUR",
			"weight": 0.1811,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BH4HKS39",
			"company": "Vodafone Group PLC",
			"company_url": "https://titelia.com/en/stocks/vodafone-group-plc-GB00BH4HKS39",
			"country": "GB",
			"shares": 0,
			"value": 627000,
			"currency": "EUR",
			"weight": 0.1791,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000687663",
			"company": "AerCap Holdings NV",
			"company_url": "https://titelia.com/en/stocks/aercap-holdings-nv-NL0000687663",
			"country": "NL",
			"shares": 0,
			"value": 624000,
			"currency": "EUR",
			"weight": 0.1783,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0017486897",
			"company": "Atlas Copco AB",
			"company_url": "https://titelia.com/en/stocks/atlas-copco-ab-SE0017486897",
			"country": "SE",
			"shares": 0,
			"value": 621000,
			"currency": "EUR",
			"weight": 0.1774,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007664039",
			"company": "VOLKSWAGEN AKTIENGESELLSCHAFT",
			"company_url": "https://titelia.com/en/stocks/volkswagen-aktiengesellschaft-DE0007664039",
			"country": "DE",
			"shares": 0,
			"value": 617000,
			"currency": "EUR",
			"weight": 0.1763,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121329",
			"company": "Thales SA",
			"company_url": "https://titelia.com/en/stocks/thales-sa-FR0000121329",
			"country": "FR",
			"shares": 0,
			"value": 615000,
			"currency": "EUR",
			"weight": 0.1757,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010161896",
			"company": "DNB Bank ASA",
			"company_url": "https://titelia.com/en/stocks/dnb-bank-asa-NO0010161896",
			"country": "NO",
			"shares": 0,
			"value": 609000,
			"currency": "EUR",
			"weight": 0.174,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015961909",
			"company": "Hexagon AB",
			"company_url": "https://titelia.com/en/stocks/hexagon-ab-SE0015961909",
			"country": "SE",
			"shares": 0,
			"value": 607000,
			"currency": "EUR",
			"weight": 0.1734,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005785604",
			"company": "Fresenius SE & Co. KGaA",
			"company_url": "https://titelia.com/en/stocks/fresenius-se-co-kgaa-DE0005785604",
			"country": "DE",
			"shares": 0,
			"value": 598000,
			"currency": "EUR",
			"weight": 0.1708,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009013403",
			"company": "Kone Oyj",
			"company_url": "https://titelia.com/en/stocks/kone-oyj-FI0009013403",
			"country": "FI",
			"shares": 0,
			"value": 595000,
			"currency": "EUR",
			"weight": 0.17,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000395903",
			"company": "Wolters Kluwer NV",
			"company_url": "https://titelia.com/en/stocks/wolters-kluwer-nv-NL0000395903",
			"country": "NL",
			"shares": 0,
			"value": 593000,
			"currency": "EUR",
			"weight": 0.1694,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000130577",
			"company": "Publicis Groupe SA",
			"company_url": "https://titelia.com/en/stocks/publicis-groupe-sa-FR0000130577",
			"country": "FR",
			"shares": 0,
			"value": 586000,
			"currency": "EUR",
			"weight": 0.1674,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000009165",
			"company": "Heineken NV",
			"company_url": "https://titelia.com/en/stocks/heineken-nv-NL0000009165",
			"country": "NL",
			"shares": 0,
			"value": 580000,
			"currency": "EUR",
			"weight": 0.1657,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003856405",
			"company": "Leonardo SpA",
			"company_url": "https://titelia.com/en/stocks/leonardo-spa-IT0003856405",
			"country": "IT",
			"shares": 0,
			"value": 575000,
			"currency": "EUR",
			"weight": 0.1643,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE00BF0L3536",
			"company": "AIB Group PLC",
			"company_url": "https://titelia.com/en/stocks/aib-group-plc-IE00BF0L3536",
			"country": "IE",
			"shares": 0,
			"value": 568000,
			"currency": "EUR",
			"weight": 0.1623,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060336014",
			"company": "Novonesis Novozymes B",
			"company_url": "https://titelia.com/en/stocks/novonesis-novozymes-b-DK0060336014",
			"country": "DK",
			"shares": 0,
			"value": 556000,
			"currency": "EUR",
			"weight": 0.1588,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A0D9PT0",
			"company": "MTU Aero Engines AG",
			"company_url": "https://titelia.com/en/stocks/mtu-aero-engines-ag-DE000A0D9PT0",
			"country": "DE",
			"shares": 0,
			"value": 552000,
			"currency": "EUR",
			"weight": 0.1577,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL00150001Q9",
			"company": "Stellantis NV",
			"company_url": "https://titelia.com/en/stocks/stellantis-nv-NL00150001Q9",
			"country": "NL",
			"shares": 0,
			"value": 551000,
			"currency": "EUR",
			"weight": 0.1574,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR001400AJ45",
			"company": "Cie Generale des Etablissements Michelin SCA",
			"company_url": "https://titelia.com/en/stocks/cie-generale-des-etablissements-michelin-sca-FR001400AJ45",
			"country": "FR",
			"shares": 0,
			"value": 548000,
			"currency": "EUR",
			"weight": 0.1565,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000045072",
			"company": "Credit Agricole SA",
			"company_url": "https://titelia.com/en/stocks/credit-agricole-sa-FR0000045072",
			"country": "FR",
			"shares": 0,
			"value": 541000,
			"currency": "EUR",
			"weight": 0.1545,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000124141",
			"company": "Veolia Environnement SA",
			"company_url": "https://titelia.com/en/stocks/veolia-environnement-sa-FR0000124141",
			"country": "FR",
			"shares": 0,
			"value": 541000,
			"currency": "EUR",
			"weight": 0.1545,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A1ML7J1",
			"company": "Vonovia SE",
			"company_url": "https://titelia.com/en/stocks/vonovia-se-DE000A1ML7J1",
			"country": "DE",
			"shares": 0,
			"value": 536000,
			"currency": "EUR",
			"weight": 0.1531,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU1598757687",
			"company": "ArcelorMittal SA",
			"company_url": "https://titelia.com/en/stocks/arcelormittal-sa-LU1598757687",
			"country": "LU",
			"shares": 0,
			"value": 530000,
			"currency": "EUR",
			"weight": 0.1514,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0032089863",
			"company": "Next PLC",
			"company_url": "https://titelia.com/en/stocks/next-plc-GB0032089863",
			"country": "GB",
			"shares": 0,
			"value": 527000,
			"currency": "EUR",
			"weight": 0.1505,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0007100599",
			"company": "Svenska Handelsbanken AB",
			"company_url": "https://titelia.com/en/stocks/svenska-handelsbanken-ab-SE0007100599",
			"country": "SE",
			"shares": 0,
			"value": 523000,
			"currency": "EUR",
			"weight": 0.1494,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0005508921",
			"company": "Banca Monte dei Paschi di Siena SpA",
			"company_url": "https://titelia.com/en/stocks/banca-monte-dei-paschi-di-siena-spa-IT0005508921",
			"country": "IT",
			"shares": 0,
			"value": 521000,
			"currency": "EUR",
			"weight": 0.1488,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0173516115",
			"company": "Repsol SA",
			"company_url": "https://titelia.com/en/stocks/repsol-sa-ES0173516115",
			"country": "ES",
			"shares": 0,
			"value": 519000,
			"currency": "EUR",
			"weight": 0.1483,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000009538",
			"company": "Koninklijke Philips NV",
			"company_url": "https://titelia.com/en/stocks/koninklijke-philips-nv-NL0000009538",
			"country": "NL",
			"shares": 0,
			"value": 517000,
			"currency": "EUR",
			"weight": 0.1477,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0466642201",
			"company": "Helvetia Baloise Holding AG",
			"company_url": "https://titelia.com/en/stocks/helvetia-baloise-holding-ag-CH0466642201",
			"country": "CH",
			"shares": 0,
			"value": 516000,
			"currency": "EUR",
			"weight": 0.1474,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0105046017",
			"company": "Aena SME SA",
			"company_url": "https://titelia.com/en/stocks/aena-sme-sa-ES0105046017",
			"country": "ES",
			"shares": 0,
			"value": 516000,
			"currency": "EUR",
			"weight": 0.1474,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000DTR0CK8",
			"company": "Daimler Truck Holding AG",
			"company_url": "https://titelia.com/en/stocks/daimler-truck-holding-ag-DE000DTR0CK8",
			"country": "DE",
			"shares": 0,
			"value": 512000,
			"currency": "EUR",
			"weight": 0.1463,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0010773842",
			"company": "NN Group NV",
			"company_url": "https://titelia.com/en/stocks/nn-group-nv-NL0010773842",
			"country": "NL",
			"shares": 0,
			"value": 511000,
			"currency": "EUR",
			"weight": 0.146,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0011540547",
			"company": "ABN AMRO Bank NV",
			"company_url": "https://titelia.com/en/stocks/abn-amro-bank-nv-NL0011540547",
			"country": "NL",
			"shares": 0,
			"value": 502000,
			"currency": "EUR",
			"weight": 0.1434,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BHJYC057",
			"company": "InterContinental Hotels Group PLC",
			"company_url": "https://titelia.com/en/stocks/intercontinental-hotels-group-plc-GB00BHJYC057",
			"country": "GB",
			"shares": 0,
			"value": 501000,
			"currency": "EUR",
			"weight": 0.1431,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0005603997",
			"company": "Legal & General Group PLC",
			"company_url": "https://titelia.com/en/stocks/legal-general-group-plc-GB0005603997",
			"country": "GB",
			"shares": 0,
			"value": 494000,
			"currency": "EUR",
			"weight": 0.1411,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0000066123",
			"company": "BPER Banca SPA",
			"company_url": "https://titelia.com/en/stocks/bper-banca-spa-IT0000066123",
			"country": "IT",
			"shares": 0,
			"value": 494000,
			"currency": "EUR",
			"weight": 0.1411,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0113860A34",
			"company": "Banco de Sabadell SA",
			"company_url": "https://titelia.com/en/stocks/banco-de-sabadell-sa-ES0113860A34",
			"country": "ES",
			"shares": 0,
			"value": 488000,
			"currency": "EUR",
			"weight": 0.1394,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0012853455",
			"company": "EQT AB",
			"company_url": "https://titelia.com/en/stocks/eqt-ab-SE0012853455",
			"country": "SE",
			"shares": 0,
			"value": 480000,
			"currency": "EUR",
			"weight": 0.1371,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0010272202",
			"company": "Genmab A/S",
			"company_url": "https://titelia.com/en/stocks/genmab-a-s-DK0010272202",
			"country": "DK",
			"shares": 0,
			"value": 478000,
			"currency": "EUR",
			"weight": 0.1365,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1256740924",
			"company": "SGS SA",
			"company_url": "https://titelia.com/en/stocks/sgs-sa-CH1256740924",
			"country": "CH",
			"shares": 0,
			"value": 467000,
			"currency": "EUR",
			"weight": 0.1334,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0008402215",
			"company": "Hannover Rueck SE",
			"company_url": "https://titelia.com/en/stocks/hannover-rueck-se-DE0008402215",
			"country": "DE",
			"shares": 0,
			"value": 464000,
			"currency": "EUR",
			"weight": 0.1325,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BDCPN049",
			"company": "Coca-Cola Europacific Partners PLC",
			"company_url": "https://titelia.com/en/stocks/coca-cola-europacific-partners-plc-GB00BDCPN049",
			"country": "GB",
			"shares": 0,
			"value": 464000,
			"currency": "EUR",
			"weight": 0.1325,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0008742519",
			"company": "Swisscom AG",
			"company_url": "https://titelia.com/en/stocks/swisscom-ag-CH0008742519",
			"country": "CH",
			"shares": 0,
			"value": 462000,
			"currency": "EUR",
			"weight": 0.132,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0014003TT8",
			"company": "Dassault Systemes SE",
			"company_url": "https://titelia.com/en/stocks/dassault-systemes-se-FR0014003TT8",
			"country": "FR",
			"shares": 0,
			"value": 462000,
			"currency": "EUR",
			"weight": 0.132,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0021921269",
			"company": "Saab AB",
			"company_url": "https://titelia.com/en/stocks/saab-ab-SE0021921269",
			"country": "SE",
			"shares": 0,
			"value": 460000,
			"currency": "EUR",
			"weight": 0.1314,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006599905",
			"company": "Merck KGaA",
			"company_url": "https://titelia.com/en/stocks/merck-kgaa-DE0006599905",
			"country": "DE",
			"shares": 0,
			"value": 458000,
			"currency": "EUR",
			"weight": 0.1308,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE00BD1RP616",
			"company": "Bank of Ireland Group PLC",
			"company_url": "https://titelia.com/en/stocks/bank-of-ireland-group-plc-IE00BD1RP616",
			"country": "IE",
			"shares": 0,
			"value": 451000,
			"currency": "EUR",
			"weight": 0.1288,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000009082",
			"company": "Koninklijke KPN NV",
			"company_url": "https://titelia.com/en/stocks/koninklijke-kpn-nv-NL0000009082",
			"country": "NL",
			"shares": 0,
			"value": 447000,
			"currency": "EUR",
			"weight": 0.1277,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0004052071",
			"company": "Halma PLC",
			"company_url": "https://titelia.com/en/stocks/halma-plc-GB0004052071",
			"country": "GB",
			"shares": 0,
			"value": 445000,
			"currency": "EUR",
			"weight": 0.1271,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010096985",
			"company": "Equinor ASA",
			"company_url": "https://titelia.com/en/stocks/equinor-asa-NO0010096985",
			"country": "NO",
			"shares": 0,
			"value": 444000,
			"currency": "EUR",
			"weight": 0.1268,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009003727",
			"company": "Wartsila OYJ Abp",
			"company_url": "https://titelia.com/en/stocks/wartsila-oyj-abp-FI0009003727",
			"country": "FI",
			"shares": 0,
			"value": 442000,
			"currency": "EUR",
			"weight": 0.1263,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000SHL1006",
			"company": "Siemens Healthineers AG",
			"company_url": "https://titelia.com/en/stocks/siemens-healthineers-ag-DE000SHL1006",
			"country": "DE",
			"shares": 0,
			"value": 439000,
			"currency": "EUR",
			"weight": 0.1254,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000226223",
			"company": "STMicroelectronics NV",
			"company_url": "https://titelia.com/en/stocks/stmicroelectronics-nv-NL0000226223",
			"country": "IT",
			"shares": 0,
			"value": 439000,
			"currency": "EUR",
			"weight": 0.1254,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0009805522",
			"company": "Nebius Group NV",
			"company_url": "https://titelia.com/en/stocks/nebius-group-nv-NL0009805522",
			"country": "NL",
			"shares": 0,
			"value": 437000,
			"currency": "EUR",
			"weight": 0.1248,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0167050915",
			"company": "ACS Actividades de Construccion y Servicios SA",
			"company_url": "https://titelia.com/en/stocks/acs-actividades-de-construccion-y-servicios-sa-ES0167050915",
			"country": "ES",
			"shares": 0,
			"value": 433000,
			"currency": "EUR",
			"weight": 0.1237,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0000456144",
			"company": "Antofagasta PLC",
			"company_url": "https://titelia.com/en/stocks/antofagasta-plc-GB0000456144",
			"country": "GB",
			"shares": 0,
			"value": 428000,
			"currency": "EUR",
			"weight": 0.1223,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0005218380",
			"company": "Banco BPM SpA",
			"company_url": "https://titelia.com/en/stocks/banco-bpm-spa-IT0005218380",
			"country": "IT",
			"shares": 0,
			"value": 427000,
			"currency": "EUR",
			"weight": 0.122,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0009922164",
			"company": "Essity AB",
			"company_url": "https://titelia.com/en/stocks/essity-ab-SE0009922164",
			"country": "SE",
			"shares": 0,
			"value": 427000,
			"currency": "EUR",
			"weight": 0.122,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120693",
			"company": "Pernod Ricard SA",
			"company_url": "https://titelia.com/en/stocks/pernod-ricard-sa-FR0000120693",
			"country": "FR",
			"shares": 0,
			"value": 426000,
			"currency": "EUR",
			"weight": 0.1217,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0102484968",
			"company": "Julius Baer Group Ltd",
			"company_url": "https://titelia.com/en/stocks/julius-baer-group-ltd-CH0102484968",
			"country": "CH",
			"shares": 0,
			"value": 399000,
			"currency": "EUR",
			"weight": 0.114,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0105066007",
			"company": "Cellnex Telecom SA",
			"company_url": "https://titelia.com/en/stocks/cellnex-telecom-sa-ES0105066007",
			"country": "ES",
			"shares": 0,
			"value": 392000,
			"currency": "EUR",
			"weight": 0.112,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0000072170",
			"company": "FinecoBank Banca Fineco SpA",
			"company_url": "https://titelia.com/en/stocks/finecobank-banca-fineco-spa-IT0000072170",
			"country": "IT",
			"shares": 0,
			"value": 392000,
			"currency": "EUR",
			"weight": 0.112,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0020050417",
			"company": "Boliden AB",
			"company_url": "https://titelia.com/en/stocks/boliden-ab-SE0020050417",
			"country": "SE",
			"shares": 0,
			"value": 391000,
			"currency": "EUR",
			"weight": 0.1117,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0025751329",
			"company": "Logitech International SA",
			"company_url": "https://titelia.com/en/stocks/logitech-international-sa-CH0025751329",
			"country": "CH",
			"shares": 0,
			"value": 386000,
			"currency": "EUR",
			"weight": 0.1103,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BMJ6DW54",
			"company": "Informa PLC",
			"company_url": "https://titelia.com/en/stocks/informa-plc-GB00BMJ6DW54",
			"country": "GB",
			"shares": 0,
			"value": 379000,
			"currency": "EUR",
			"weight": 0.1083,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0024638196",
			"company": "Schindler Holding AG",
			"company_url": "https://titelia.com/en/stocks/schindler-holding-ag-CH0024638196",
			"country": "CH",
			"shares": 0,
			"value": 378000,
			"currency": "EUR",
			"weight": 0.108,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009005987",
			"company": "UPM-Kymmene Oyj",
			"company_url": "https://titelia.com/en/stocks/upm-kymmene-oyj-FI0009005987",
			"country": "FI",
			"shares": 0,
			"value": 378000,
			"currency": "EUR",
			"weight": 0.108,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0010570759",
			"company": "Chocoladefabriken Lindt & Spruengli AG",
			"company_url": "https://titelia.com/en/stocks/chocoladefabriken-lindt-spruengli-ag-CH0010570759",
			"country": "CH",
			"shares": 0,
			"value": 375000,
			"currency": "EUR",
			"weight": 0.1071,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B082RF11",
			"company": "Rentokil Initial PLC",
			"company_url": "https://titelia.com/en/stocks/rentokil-initial-plc-GB00B082RF11",
			"country": "GB",
			"shares": 0,
			"value": 374000,
			"currency": "EUR",
			"weight": 0.1068,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0178430E18",
			"company": "Telefonica SA",
			"company_url": "https://titelia.com/en/stocks/telefonica-sa-ES0178430E18",
			"country": "ES",
			"shares": 0,
			"value": 372000,
			"currency": "EUR",
			"weight": 0.1063,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0004965148",
			"company": "Moncler SpA",
			"company_url": "https://titelia.com/en/stocks/moncler-spa-IT0004965148",
			"country": "IT",
			"shares": 0,
			"value": 371000,
			"currency": "EUR",
			"weight": 0.106,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015658109",
			"company": "Epiroc AB",
			"company_url": "https://titelia.com/en/stocks/epiroc-ab-SE0015658109",
			"country": "SE",
			"shares": 0,
			"value": 369000,
			"currency": "EUR",
			"weight": 0.1054,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003242622",
			"company": "Terna - Rete Elettrica Nazionale",
			"company_url": "https://titelia.com/en/stocks/terna-rete-elettrica-nazionale-IT0003242622",
			"country": "IT",
			"shares": 0,
			"value": 368000,
			"currency": "EUR",
			"weight": 0.1051,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE0004906560",
			"company": "Kerry Group PLC",
			"company_url": "https://titelia.com/en/stocks/kerry-group-plc-IE0004906560",
			"country": "IE",
			"shares": 0,
			"value": 366000,
			"currency": "EUR",
			"weight": 0.1046,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0030913577",
			"company": "BT Group PLC",
			"company_url": "https://titelia.com/en/stocks/bt-group-plc-GB0030913577",
			"country": "GB",
			"shares": 0,
			"value": 364000,
			"currency": "EUR",
			"weight": 0.104,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000695876",
			"company": "Alfa Laval AB",
			"company_url": "https://titelia.com/en/stocks/alfa-laval-ab-SE0000695876",
			"country": "SE",
			"shares": 0,
			"value": 360000,
			"currency": "EUR",
			"weight": 0.1028,
			"as_of": "2025-12-31"
		},
		{
			"isin": "PTEDP0AM0009",
			"company": "EDP SA",
			"company_url": "https://titelia.com/en/stocks/edp-sa-PTEDP0AM0009",
			"country": "PT",
			"shares": 0,
			"value": 355000,
			"currency": "EUR",
			"weight": 0.1014,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B8C3BL03",
			"company": "Sage Group PLC/The",
			"company_url": "https://titelia.com/en/stocks/sage-group-plc-the-GB00B8C3BL03",
			"country": "GB",
			"shares": 0,
			"value": 345000,
			"currency": "EUR",
			"weight": 0.0986,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1216478797",
			"company": "DSM-Firmenich AG",
			"company_url": "https://titelia.com/en/stocks/dsm-firmenich-ag-CH1216478797",
			"country": "CH",
			"shares": 0,
			"value": 343000,
			"currency": "EUR",
			"weight": 0.098,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0010570767",
			"company": "Chocoladefabriken Lindt & Spruengli AG",
			"company_url": "https://titelia.com/en/stocks/chocoladefabriken-lindt-spruengli-ag-CH0010570767",
			"country": "CH",
			"shares": 0,
			"value": 336000,
			"currency": "EUR",
			"weight": 0.096,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012032113",
			"company": "Roche Holding AG",
			"company_url": "https://titelia.com/en/stocks/roche-holding-ag-CH0012032113",
			"country": "CH",
			"shares": 0,
			"value": 333000,
			"currency": "EUR",
			"weight": 0.0951,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0009223206",
			"company": "Smith & Nephew PLC",
			"company_url": "https://titelia.com/en/stocks/smith-nephew-plc-GB0009223206",
			"country": "GB",
			"shares": 0,
			"value": 331000,
			"currency": "EUR",
			"weight": 0.0946,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003153415",
			"company": "Snam SpA",
			"company_url": "https://titelia.com/en/stocks/snam-spa-IT0003153415",
			"country": "IT",
			"shares": 0,
			"value": 330000,
			"currency": "EUR",
			"weight": 0.0943,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE0004927939",
			"company": "Kingspan Group PLC",
			"company_url": "https://titelia.com/en/stocks/kingspan-group-plc-IE0004927939",
			"country": "IE",
			"shares": 0,
			"value": 329000,
			"currency": "EUR",
			"weight": 0.094,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012549785",
			"company": "Sonova Holding AG",
			"company_url": "https://titelia.com/en/stocks/sonova-holding-ag-CH0012549785",
			"country": "CH",
			"shares": 0,
			"value": 326000,
			"currency": "EUR",
			"weight": 0.0931,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0013326246",
			"company": "Unibail-Rodamco-Westfield",
			"company_url": "https://titelia.com/en/stocks/unibail-rodamco-westfield-FR0013326246",
			"country": "FR",
			"shares": 0,
			"value": 326000,
			"currency": "EUR",
			"weight": 0.0931,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1175448666",
			"company": "Straumann Holding AG",
			"company_url": "https://titelia.com/en/stocks/straumann-holding-ag-CH1175448666",
			"country": "CH",
			"shares": 0,
			"value": 324000,
			"currency": "EUR",
			"weight": 0.0926,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0311864901",
			"company": "VAT Group AG",
			"company_url": "https://titelia.com/en/stocks/vat-group-ag-CH0311864901",
			"country": "CH",
			"shares": 0,
			"value": 323000,
			"currency": "EUR",
			"weight": 0.0923,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006048432",
			"company": "Henkel AG & Co. KGaA",
			"company_url": "https://titelia.com/en/stocks/henkel-ag-co-kgaa-DE0006048432",
			"country": "DE",
			"shares": 0,
			"value": 322000,
			"currency": "EUR",
			"weight": 0.092,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0008038389",
			"company": "Swiss Prime Site AG",
			"company_url": "https://titelia.com/en/stocks/swiss-prime-site-ag-CH0008038389",
			"country": "CH",
			"shares": 0,
			"value": 307000,
			"currency": "EUR",
			"weight": 0.0877,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B5ZN1N88",
			"company": "Segro PLC",
			"company_url": "https://titelia.com/en/stocks/segro-plc-GB00B5ZN1N88",
			"country": "GB",
			"shares": 0,
			"value": 307000,
			"currency": "EUR",
			"weight": 0.0877,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0010181759",
			"company": "Carlsberg AS",
			"company_url": "https://titelia.com/en/stocks/carlsberg-as-DK0010181759",
			"country": "DK",
			"shares": 0,
			"value": 304000,
			"currency": "EUR",
			"weight": 0.0868,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0013267909",
			"company": "Akzo Nobel NV",
			"company_url": "https://titelia.com/en/stocks/akzo-nobel-nv-NL0013267909",
			"country": "NL",
			"shares": 0,
			"value": 293000,
			"currency": "EUR",
			"weight": 0.0837,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009014575",
			"company": "Metso Oyj",
			"company_url": "https://titelia.com/en/stocks/metso-oyj-FI0009014575",
			"country": "FI",
			"shares": 0,
			"value": 287000,
			"currency": "EUR",
			"weight": 0.082,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003796171",
			"company": "Poste Italiane SpA",
			"company_url": "https://titelia.com/en/stocks/poste-italiane-spa-IT0003796171",
			"country": "IT",
			"shares": 0,
			"value": 284000,
			"currency": "EUR",
			"weight": 0.0811,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0006294274",
			"company": "Euronext NV",
			"company_url": "https://titelia.com/en/stocks/euronext-nv-NL0006294274",
			"country": "NL",
			"shares": 0,
			"value": 282000,
			"currency": "EUR",
			"weight": 0.0806,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0012866412",
			"company": "BE Semiconductor Industries NV",
			"company_url": "https://titelia.com/en/stocks/be-semiconductor-industries-nv-NL0012866412",
			"country": "NL",
			"shares": 0,
			"value": 282000,
			"currency": "EUR",
			"weight": 0.0806,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0130670112",
			"company": "Endesa SA",
			"company_url": "https://titelia.com/en/stocks/endesa-sa-ES0130670112",
			"country": "ES",
			"shares": 0,
			"value": 281000,
			"currency": "EUR",
			"weight": 0.0803,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0013536151",
			"company": "Kongsberg Gruppen ASA",
			"company_url": "https://titelia.com/en/stocks/kongsberg-gruppen-asa-NO0013536151",
			"country": "NO",
			"shares": 0,
			"value": 278000,
			"currency": "EUR",
			"weight": 0.0794,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0198251305",
			"company": "Coca-Cola HBC AG",
			"company_url": "https://titelia.com/en/stocks/coca-cola-hbc-ag-CH0198251305",
			"country": "GB",
			"shares": 0,
			"value": 277000,
			"currency": "EUR",
			"weight": 0.0791,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0113679I37",
			"company": "Bankinter SA",
			"company_url": "https://titelia.com/en/stocks/bankinter-sa-ES0113679I37",
			"country": "ES",
			"shares": 0,
			"value": 276000,
			"currency": "EUR",
			"weight": 0.0788,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0003054108",
			"company": "Mowi ASA",
			"company_url": "https://titelia.com/en/stocks/mowi-asa-NO0003054108",
			"country": "NO",
			"shares": 0,
			"value": 276000,
			"currency": "EUR",
			"weight": 0.0788,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0011872643",
			"company": "ASR Nederland NV",
			"company_url": "https://titelia.com/en/stocks/asr-nederland-nv-NL0011872643",
			"country": "NL",
			"shares": 0,
			"value": 275000,
			"currency": "EUR",
			"weight": 0.0786,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B02J6398",
			"company": "Admiral Group PLC",
			"company_url": "https://titelia.com/en/stocks/admiral-group-plc-GB00B02J6398",
			"country": "GB",
			"shares": 0,
			"value": 274000,
			"currency": "EUR",
			"weight": 0.0783,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120404",
			"company": "Accor SA",
			"company_url": "https://titelia.com/en/stocks/accor-sa-FR0000120404",
			"country": "FR",
			"shares": 0,
			"value": 273000,
			"currency": "EUR",
			"weight": 0.078,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B39J2M42",
			"company": "United Utilities Group PLC",
			"company_url": "https://titelia.com/en/stocks/united-utilities-group-plc-GB00B39J2M42",
			"country": "GB",
			"shares": 0,
			"value": 270000,
			"currency": "EUR",
			"weight": 0.0771,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060448595",
			"company": "Coloplast A/S",
			"company_url": "https://titelia.com/en/stocks/coloplast-a-s-DK0060448595",
			"country": "DK",
			"shares": 0,
			"value": 267000,
			"currency": "EUR",
			"weight": 0.0763,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0006174348",
			"company": "Bureau Veritas SA",
			"company_url": "https://titelia.com/en/stocks/bureau-veritas-sa-FR0006174348",
			"country": "FR",
			"shares": 0,
			"value": 267000,
			"currency": "EUR",
			"weight": 0.0763,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B033F229",
			"company": "Centrica PLC",
			"company_url": "https://titelia.com/en/stocks/centrica-plc-GB00B033F229",
			"country": "GB",
			"shares": 0,
			"value": 265000,
			"currency": "EUR",
			"weight": 0.0757,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000SYM9999",
			"company": "Symrise AG",
			"company_url": "https://titelia.com/en/stocks/symrise-ag-DE000SYM9999",
			"country": "DE",
			"shares": 0,
			"value": 264000,
			"currency": "EUR",
			"weight": 0.0754,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0005052605",
			"company": "Norsk Hydro ASA",
			"company_url": "https://titelia.com/en/stocks/norsk-hydro-asa-NO0005052605",
			"country": "NO",
			"shares": 0,
			"value": 264000,
			"currency": "EUR",
			"weight": 0.0754,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005200000",
			"company": "Beiersdorf AG",
			"company_url": "https://titelia.com/en/stocks/beiersdorf-ag-DE0005200000",
			"country": "DE",
			"shares": 0,
			"value": 263000,
			"currency": "EUR",
			"weight": 0.0751,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005785802",
			"company": "Fresenius Medical Care AG",
			"company_url": "https://titelia.com/en/stocks/fresenius-medical-care-ag-DE0005785802",
			"country": "DE",
			"shares": 0,
			"value": 259000,
			"currency": "EUR",
			"weight": 0.074,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974264930",
			"company": "Ageas SA/NV",
			"company_url": "https://titelia.com/en/stocks/ageas-sa-nv-BE0974264930",
			"country": "BE",
			"shares": 0,
			"value": 258000,
			"currency": "EUR",
			"weight": 0.0737,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0025238863",
			"company": "Kuehne + Nagel International AG",
			"company_url": "https://titelia.com/en/stocks/kuehne-nagel-international-ag-CH0025238863",
			"country": "CH",
			"shares": 0,
			"value": 257000,
			"currency": "EUR",
			"weight": 0.0734,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BMG0112X1056",
			"company": "Aegon Ltd",
			"company_url": "https://titelia.com/en/stocks/aegon-ltd-BMG0112X1056",
			"country": "NL",
			"shares": 0,
			"value": 254000,
			"currency": "EUR",
			"weight": 0.0726,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B1WY2338",
			"company": "Smiths Group PLC",
			"company_url": "https://titelia.com/en/stocks/smiths-group-plc-GB00B1WY2338",
			"country": "GB",
			"shares": 0,
			"value": 254000,
			"currency": "EUR",
			"weight": 0.0726,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010220475",
			"company": "Alstom SA",
			"company_url": "https://titelia.com/en/stocks/alstom-sa-FR0010220475",
			"country": "FR",
			"shares": 0,
			"value": 252000,
			"currency": "EUR",
			"weight": 0.072,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060094928",
			"company": "Orsted AS",
			"company_url": "https://titelia.com/en/stocks/orsted-as-DK0060094928",
			"country": "DK",
			"shares": 0,
			"value": 250000,
			"currency": "EUR",
			"weight": 0.0714,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B1FH8J72",
			"company": "Severn Trent PLC",
			"company_url": "https://titelia.com/en/stocks/severn-trent-plc-GB00B1FH8J72",
			"country": "GB",
			"shares": 0,
			"value": 250000,
			"currency": "EUR",
			"weight": 0.0714,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BL6K5J42",
			"company": "Endeavour Mining PLC",
			"company_url": "https://titelia.com/en/stocks/endeavour-mining-plc-GB00BL6K5J42",
			"country": "GB",
			"shares": 0,
			"value": 248000,
			"currency": "EUR",
			"weight": 0.0708,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000667925",
			"company": "Telia Company AB",
			"company_url": "https://titelia.com/en/stocks/telia-company-ab-SE0000667925",
			"country": "SE",
			"shares": 0,
			"value": 248000,
			"currency": "EUR",
			"weight": 0.0708,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120503",
			"company": "Bouygues SA",
			"company_url": "https://titelia.com/en/stocks/bouygues-sa-FR0000120503",
			"country": "FR",
			"shares": 0,
			"value": 246000,
			"currency": "EUR",
			"weight": 0.0703,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BNGDN821",
			"company": "Melrose Industries PLC",
			"company_url": "https://titelia.com/en/stocks/melrose-industries-plc-GB00BNGDN821",
			"country": "GB",
			"shares": 0,
			"value": 246000,
			"currency": "EUR",
			"weight": 0.0703,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006602006",
			"company": "GEA Group AG",
			"company_url": "https://titelia.com/en/stocks/gea-group-ag-DE0006602006",
			"country": "DE",
			"shares": 0,
			"value": 245000,
			"currency": "EUR",
			"weight": 0.07,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000106270",
			"company": "H & M Hennes & Mauritz AB",
			"company_url": "https://titelia.com/en/stocks/h-m-hennes-mauritz-ab-SE0000106270",
			"country": "SE",
			"shares": 0,
			"value": 245000,
			"currency": "EUR",
			"weight": 0.07,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B2QPKJ12",
			"company": "Fresnillo PLC",
			"company_url": "https://titelia.com/en/stocks/fresnillo-plc-GB00B2QPKJ12",
			"country": "GB",
			"shares": 0,
			"value": 244000,
			"currency": "EUR",
			"weight": 0.0697,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000130452",
			"company": "Eiffage SA",
			"company_url": "https://titelia.com/en/stocks/eiffage-sa-FR0000130452",
			"country": "FR",
			"shares": 0,
			"value": 243000,
			"currency": "EUR",
			"weight": 0.0694,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015002CX3",
			"company": "QIAGEN NV",
			"company_url": "https://titelia.com/en/stocks/qiagen-nv-NL0015002CX3",
			"country": "NL",
			"shares": 0,
			"value": 243000,
			"currency": "EUR",
			"weight": 0.0694,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120172",
			"company": "Carrefour SA",
			"company_url": "https://titelia.com/en/stocks/carrefour-sa-FR0000120172",
			"country": "FR",
			"shares": 0,
			"value": 242000,
			"currency": "EUR",
			"weight": 0.0691,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1101098163",
			"company": "Belimo Holding AG",
			"company_url": "https://titelia.com/en/stocks/belimo-holding-ag-CH1101098163",
			"country": "CH",
			"shares": 0,
			"value": 238000,
			"currency": "EUR",
			"weight": 0.068,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009013296",
			"company": "Neste Oyj",
			"company_url": "https://titelia.com/en/stocks/neste-oyj-FI0009013296",
			"country": "FI",
			"shares": 0,
			"value": 237000,
			"currency": "EUR",
			"weight": 0.0677,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0031638363",
			"company": "Intertek Group PLC",
			"company_url": "https://titelia.com/en/stocks/intertek-group-plc-GB0031638363",
			"country": "GB",
			"shares": 0,
			"value": 237000,
			"currency": "EUR",
			"weight": 0.0677,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009007132",
			"company": "Fortum Oyj",
			"company_url": "https://titelia.com/en/stocks/fortum-oyj-FI0009007132",
			"country": "FI",
			"shares": 0,
			"value": 236000,
			"currency": "EUR",
			"weight": 0.0674,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000008977",
			"company": "Heineken Holding NV",
			"company_url": "https://titelia.com/en/stocks/heineken-holding-nv-NL0000008977",
			"country": "NL",
			"shares": 0,
			"value": 234000,
			"currency": "EUR",
			"weight": 0.0668,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000113250",
			"company": "Skanska AB",
			"company_url": "https://titelia.com/en/stocks/skanska-ab-SE0000113250",
			"country": "SE",
			"shares": 0,
			"value": 229000,
			"currency": "EUR",
			"weight": 0.0654,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0006731235",
			"company": "Associated British Foods PLC",
			"company_url": "https://titelia.com/en/stocks/associated-british-foods-plc-GB0006731235",
			"country": "GB",
			"shares": 0,
			"value": 227000,
			"currency": "EUR",
			"weight": 0.0648,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0014781795",
			"company": "AddTech AB",
			"company_url": "https://titelia.com/en/stocks/addtech-ab-SE0014781795",
			"country": "SE",
			"shares": 0,
			"value": 227000,
			"currency": "EUR",
			"weight": 0.0648,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0005190238",
			"company": "Tele2 AB",
			"company_url": "https://titelia.com/en/stocks/tele2-ab-SE0005190238",
			"country": "SE",
			"shares": 0,
			"value": 226000,
			"currency": "EUR",
			"weight": 0.0646,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0031274896",
			"company": "Marks & Spencer Group PLC",
			"company_url": "https://titelia.com/en/stocks/marks-spencer-group-plc-GB0031274896",
			"country": "GB",
			"shares": 0,
			"value": 225000,
			"currency": "EUR",
			"weight": 0.0643,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000108227",
			"company": "SKF AB",
			"company_url": "https://titelia.com/en/stocks/skf-ab-SE0000108227",
			"country": "SE",
			"shares": 0,
			"value": 224000,
			"currency": "EUR",
			"weight": 0.064,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0010244508",
			"company": "AP Moller - Maersk A/S",
			"company_url": "https://titelia.com/en/stocks/ap-moller-maersk-a-s-DK0010244508",
			"country": "DK",
			"shares": 0,
			"value": 223000,
			"currency": "EUR",
			"weight": 0.0637,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B0744B38",
			"company": "Bunzl PLC",
			"company_url": "https://titelia.com/en/stocks/bunzl-plc-GB00B0744B38",
			"country": "GB",
			"shares": 0,
			"value": 223000,
			"currency": "EUR",
			"weight": 0.0637,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0012673267",
			"company": "Evolution AB",
			"company_url": "https://titelia.com/en/stocks/evolution-ab-SE0012673267",
			"country": "SE",
			"shares": 0,
			"value": 223000,
			"currency": "EUR",
			"weight": 0.0637,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010063308",
			"company": "Telenor ASA",
			"company_url": "https://titelia.com/en/stocks/telenor-asa-NO0010063308",
			"country": "NO",
			"shares": 0,
			"value": 221000,
			"currency": "EUR",
			"weight": 0.0631,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015949201",
			"company": "Lifco AB",
			"company_url": "https://titelia.com/en/stocks/lifco-ab-SE0015949201",
			"country": "SE",
			"shares": 0,
			"value": 219000,
			"currency": "EUR",
			"weight": 0.0626,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010451203",
			"company": "Rexel SA",
			"company_url": "https://titelia.com/en/stocks/rexel-sa-FR0010451203",
			"country": "FR",
			"shares": 0,
			"value": 218000,
			"currency": "EUR",
			"weight": 0.0623,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060636678",
			"company": "Tryg A/S",
			"company_url": "https://titelia.com/en/stocks/tryg-a-s-DK0060636678",
			"country": "DK",
			"shares": 0,
			"value": 217000,
			"currency": "EUR",
			"weight": 0.062,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BKFB1C65",
			"company": "M&G PLC",
			"company_url": "https://titelia.com/en/stocks/m-g-plc-GB00BKFB1C65",
			"country": "GB",
			"shares": 0,
			"value": 217000,
			"currency": "EUR",
			"weight": 0.062,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005439004",
			"company": "Continental AG",
			"company_url": "https://titelia.com/en/stocks/continental-ag-DE0005439004",
			"country": "DE",
			"shares": 0,
			"value": 216000,
			"currency": "EUR",
			"weight": 0.0617,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060252690",
			"company": "Pandora A/S",
			"company_url": "https://titelia.com/en/stocks/pandora-a-s-DK0060252690",
			"country": "DK",
			"shares": 0,
			"value": 216000,
			"currency": "EUR",
			"weight": 0.0617,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0014000MR3",
			"company": "Eurofins Scientific SE",
			"company_url": "https://titelia.com/en/stocks/eurofins-scientific-se-FR0014000MR3",
			"country": "LU",
			"shares": 0,
			"value": 213000,
			"currency": "EUR",
			"weight": 0.0608,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0004810054",
			"company": "Unipol Assicurazioni SpA",
			"company_url": "https://titelia.com/en/stocks/unipol-assicurazioni-spa-IT0004810054",
			"country": "IT",
			"shares": 0,
			"value": 213000,
			"currency": "EUR",
			"weight": 0.0608,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000114837",
			"company": "Trelleborg AB",
			"company_url": "https://titelia.com/en/stocks/trelleborg-ab-SE0000114837",
			"country": "SE",
			"shares": 0,
			"value": 213000,
			"currency": "EUR",
			"weight": 0.0608,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000TLX1005",
			"company": "Talanx AG",
			"company_url": "https://titelia.com/en/stocks/talanx-ag-DE000TLX1005",
			"country": "DE",
			"shares": 0,
			"value": 212000,
			"currency": "EUR",
			"weight": 0.0606,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121964",
			"company": "Klepierre SA",
			"company_url": "https://titelia.com/en/stocks/klepierre-sa-FR0000121964",
			"country": "FR",
			"shares": 0,
			"value": 210000,
			"currency": "EUR",
			"weight": 0.06,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0024638212",
			"company": "Schindler Holding AG",
			"company_url": "https://titelia.com/en/stocks/schindler-holding-ag-CH0024638212",
			"country": "CH",
			"shares": 0,
			"value": 205000,
			"currency": "EUR",
			"weight": 0.0586,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000743059",
			"company": "OMV AG",
			"company_url": "https://titelia.com/en/stocks/omv-ag-AT0000743059",
			"country": "AT",
			"shares": 0,
			"value": 202000,
			"currency": "EUR",
			"weight": 0.0577,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009014377",
			"company": "Orion Oyj",
			"company_url": "https://titelia.com/en/stocks/orion-oyj-FI0009014377",
			"country": "FI",
			"shares": 0,
			"value": 201000,
			"currency": "EUR",
			"weight": 0.0574,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0006776081",
			"company": "Pearson PLC",
			"company_url": "https://titelia.com/en/stocks/pearson-plc-GB0006776081",
			"country": "GB",
			"shares": 0,
			"value": 200000,
			"currency": "EUR",
			"weight": 0.0571,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000KBX1006",
			"company": "Knorr-Bremse AG",
			"company_url": "https://titelia.com/en/stocks/knorr-bremse-ag-DE000KBX1006",
			"country": "DE",
			"shares": 0,
			"value": 199000,
			"currency": "EUR",
			"weight": 0.0568,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000112724",
			"company": "Svenska Cellulosa AB SCA",
			"company_url": "https://titelia.com/en/stocks/svenska-cellulosa-ab-sca-SE0000112724",
			"country": "SE",
			"shares": 0,
			"value": 199000,
			"currency": "EUR",
			"weight": 0.0568,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010345853",
			"company": "Aker BP ASA",
			"company_url": "https://titelia.com/en/stocks/aker-bp-asa-NO0010345853",
			"country": "NO",
			"shares": 0,
			"value": 198000,
			"currency": "EUR",
			"weight": 0.0566,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000131906",
			"company": "Renault SA",
			"company_url": "https://titelia.com/en/stocks/renault-sa-FR0000131906",
			"country": "FR",
			"shares": 0,
			"value": 197000,
			"currency": "EUR",
			"weight": 0.0563,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BL9YR756",
			"company": "Wise PLC",
			"company_url": "https://titelia.com/en/stocks/wise-plc-GB00BL9YR756",
			"country": "GB",
			"shares": 0,
			"value": 197000,
			"currency": "EUR",
			"weight": 0.0563,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0012059018",
			"company": "EXOR NV",
			"company_url": "https://titelia.com/en/stocks/exor-nv-NL0012059018",
			"country": "NL",
			"shares": 0,
			"value": 196000,
			"currency": "EUR",
			"weight": 0.056,
			"as_of": "2025-12-31"
		},
		{
			"isin": "PTBCP0AM0015",
			"company": "Banco Comercial Portugues SA",
			"company_url": "https://titelia.com/en/stocks/banco-comercial-portugues-sa-PTBCP0AM0015",
			"country": "PT",
			"shares": 0,
			"value": 196000,
			"currency": "EUR",
			"weight": 0.056,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006048408",
			"company": "Henkel AG & Co KGaA",
			"company_url": "https://titelia.com/en/stocks/henkel-ag-co-kgaa-DE0006048408",
			"country": "DE",
			"shares": 0,
			"value": 195000,
			"currency": "EUR",
			"weight": 0.0557,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015658117",
			"company": "Epiroc AB",
			"company_url": "https://titelia.com/en/stocks/epiroc-ab-SE0015658117",
			"country": "SE",
			"shares": 0,
			"value": 194000,
			"currency": "EUR",
			"weight": 0.0554,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0003733800",
			"company": "Orkla ASA",
			"company_url": "https://titelia.com/en/stocks/orkla-asa-NO0003733800",
			"country": "NO",
			"shares": 0,
			"value": 193000,
			"currency": "EUR",
			"weight": 0.0551,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000163594",
			"company": "Securitas AB",
			"company_url": "https://titelia.com/en/stocks/securitas-ab-SE0000163594",
			"country": "SE",
			"shares": 0,
			"value": 193000,
			"currency": "EUR",
			"weight": 0.0551,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015002MS2",
			"company": "Magnum Ice Cream Co NV/The",
			"company_url": "https://titelia.com/en/stocks/magnum-ice-cream-co-nv-the-NL0015002MS2",
			"country": "NL",
			"shares": 0,
			"value": 191000,
			"currency": "EUR",
			"weight": 0.0546,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007165631",
			"company": "Sartorius AG",
			"company_url": "https://titelia.com/en/stocks/sartorius-ag-DE0007165631",
			"country": "DE",
			"shares": 0,
			"value": 187000,
			"currency": "EUR",
			"weight": 0.0534,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A12DM80",
			"company": "Scout24 SE",
			"company_url": "https://titelia.com/en/stocks/scout24-se-DE000A12DM80",
			"country": "DE",
			"shares": 0,
			"value": 186000,
			"currency": "EUR",
			"weight": 0.0531,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B019KW72",
			"company": "J Sainsbury PLC",
			"company_url": "https://titelia.com/en/stocks/j-sainsbury-plc-GB00B019KW72",
			"country": "GB",
			"shares": 0,
			"value": 185000,
			"currency": "EUR",
			"weight": 0.0528,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0116870314",
			"company": "Naturgy Energy Group SA",
			"company_url": "https://titelia.com/en/stocks/naturgy-energy-group-sa-ES0116870314",
			"country": "ES",
			"shares": 0,
			"value": 182000,
			"currency": "EUR",
			"weight": 0.052,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009005961",
			"company": "Stora Enso Oyj",
			"company_url": "https://titelia.com/en/stocks/stora-enso-oyj-FI0009005961",
			"country": "FI",
			"shares": 0,
			"value": 180000,
			"currency": "EUR",
			"weight": 0.0514,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0033195214",
			"company": "Kingfisher PLC",
			"company_url": "https://titelia.com/en/stocks/kingfisher-plc-GB0033195214",
			"country": "GB",
			"shares": 0,
			"value": 180000,
			"currency": "EUR",
			"weight": 0.0514,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU2598331598",
			"company": "Tenaris SA",
			"company_url": "https://titelia.com/en/stocks/tenaris-sa-LU2598331598",
			"country": "LU",
			"shares": 0,
			"value": 179000,
			"currency": "EUR",
			"weight": 0.0511,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0173093024",
			"company": "Redeia Corp SA",
			"company_url": "https://titelia.com/en/stocks/redeia-corp-sa-ES0173093024",
			"country": "ES",
			"shares": 0,
			"value": 178000,
			"currency": "EUR",
			"weight": 0.0508,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000PAH0038",
			"company": "Porsche Automobil Holding SE",
			"company_url": "https://titelia.com/en/stocks/porsche-automobil-holding-se-DE000PAH0038",
			"country": "DE",
			"shares": 0,
			"value": 177000,
			"currency": "EUR",
			"weight": 0.0506,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0013154002",
			"company": "Sartorius Stedim Biotech",
			"company_url": "https://titelia.com/en/stocks/sartorius-stedim-biotech-FR0013154002",
			"country": "FR",
			"shares": 0,
			"value": 177000,
			"currency": "EUR",
			"weight": 0.0506,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A1DAHH0",
			"company": "Brenntag SE",
			"company_url": "https://titelia.com/en/stocks/brenntag-se-DE000A1DAHH0",
			"country": "DE",
			"shares": 0,
			"value": 176000,
			"currency": "EUR",
			"weight": 0.0503,
			"as_of": "2025-12-31"
		},
		{
			"isin": "PTGAL0AM0009",
			"company": "Galp Energia SGPS SA",
			"company_url": "https://titelia.com/en/stocks/galp-energia-sgps-sa-PTGAL0AM0009",
			"country": "PT",
			"shares": 0,
			"value": 176000,
			"currency": "EUR",
			"weight": 0.0503,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003797140",
			"company": "Groupe Bruxelles Lambert NV",
			"company_url": "https://titelia.com/en/stocks/groupe-bruxelles-lambert-nv-BE0003797140",
			"country": "BE",
			"shares": 0,
			"value": 175000,
			"currency": "EUR",
			"weight": 0.05,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000872095",
			"company": "Swedish Orphan Biovitrum AB",
			"company_url": "https://titelia.com/en/stocks/swedish-orphan-biovitrum-ab-SE0000872095",
			"country": "SE",
			"shares": 0,
			"value": 175000,
			"currency": "EUR",
			"weight": 0.05,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0001515552",
			"company": "Indutrade AB",
			"company_url": "https://titelia.com/en/stocks/indutrade-ab-SE0001515552",
			"country": "SE",
			"shares": 0,
			"value": 175000,
			"currency": "EUR",
			"weight": 0.05,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000107203",
			"company": "Industrivarden AB",
			"company_url": "https://titelia.com/en/stocks/industrivarden-ab-SE0000107203",
			"country": "SE",
			"shares": 0,
			"value": 173000,
			"currency": "EUR",
			"weight": 0.0494,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0000811801",
			"company": "Barratt Redrow PLC",
			"company_url": "https://titelia.com/en/stocks/barratt-redrow-plc-GB0000811801",
			"country": "GB",
			"shares": 0,
			"value": 172000,
			"currency": "EUR",
			"weight": 0.0491,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BGXQNP29",
			"company": "Standard Life PLC",
			"company_url": "https://titelia.com/en/stocks/standard-life-plc-GB00BGXQNP29",
			"country": "GB",
			"shares": 0,
			"value": 171000,
			"currency": "EUR",
			"weight": 0.0488,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003497168",
			"company": "Telecom Italia SpA/Milano",
			"company_url": "https://titelia.com/en/stocks/telecom-italia-spa-milano-IT0003497168",
			"country": "IT",
			"shares": 0,
			"value": 171000,
			"currency": "EUR",
			"weight": 0.0488,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BVYVFW23",
			"company": "Autotrader Group PLC",
			"company_url": "https://titelia.com/en/stocks/autotrader-group-plc-GB00BVYVFW23",
			"country": "GB",
			"shares": 0,
			"value": 168000,
			"currency": "EUR",
			"weight": 0.048,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0010244425",
			"company": "AP Moller - Maersk A/S",
			"company_url": "https://titelia.com/en/stocks/ap-moller-maersk-a-s-DK0010244425",
			"country": "DK",
			"shares": 0,
			"value": 167000,
			"currency": "EUR",
			"weight": 0.0477,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010208051",
			"company": "Yara International ASA",
			"company_url": "https://titelia.com/en/stocks/yara-international-asa-NO0010208051",
			"country": "NO",
			"shares": 0,
			"value": 167000,
			"currency": "EUR",
			"weight": 0.0477,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BWFGQN14",
			"company": "Spirax Group PLC",
			"company_url": "https://titelia.com/en/stocks/spirax-group-plc-GB00BWFGQN14",
			"country": "GB",
			"shares": 0,
			"value": 166000,
			"currency": "EUR",
			"weight": 0.0474,
			"as_of": "2025-12-31"
		},
		{
			"isin": "PTJMT0AE0001",
			"company": "Jeronimo Martins SGPS SA",
			"company_url": "https://titelia.com/en/stocks/jeronimo-martins-sgps-sa-PTJMT0AE0001",
			"country": "PT",
			"shares": 0,
			"value": 166000,
			"currency": "EUR",
			"weight": 0.0474,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000ZAL1111",
			"company": "Zalando SE",
			"company_url": "https://titelia.com/en/stocks/zalando-se-DE000ZAL1111",
			"country": "DE",
			"shares": 0,
			"value": 164000,
			"currency": "EUR",
			"weight": 0.0468,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015949748",
			"company": "Beijer Ref AB",
			"company_url": "https://titelia.com/en/stocks/beijer-ref-ab-SE0015949748",
			"country": "SE",
			"shares": 0,
			"value": 163000,
			"currency": "EUR",
			"weight": 0.0466,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0177542018",
			"company": "International Consolidated Airlines Group SA",
			"company_url": "https://titelia.com/en/stocks/international-consolidated-airlines-group-sa-ES0177542018",
			"country": "GB",
			"shares": 0,
			"value": 162000,
			"currency": "EUR",
			"weight": 0.0463,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003828271",
			"company": "Recordati Industria Chimica e Farmaceutica SpA",
			"company_url": "https://titelia.com/en/stocks/recordati-industria-chimica-e-farmaceutica-spa-IT0003828271",
			"country": "IT",
			"shares": 0,
			"value": 161000,
			"currency": "EUR",
			"weight": 0.046,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0014332678",
			"company": "JDE Peet's NV",
			"company_url": "https://titelia.com/en/stocks/jde-peet-s-nv-NL0014332678",
			"country": "NL",
			"shares": 0,
			"value": 157000,
			"currency": "EUR",
			"weight": 0.0448,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006452907",
			"company": "Nemetschek SE",
			"company_url": "https://titelia.com/en/stocks/nemetschek-se-DE0006452907",
			"country": "DE",
			"shares": 0,
			"value": 155000,
			"currency": "EUR",
			"weight": 0.0443,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009007884",
			"company": "Elisa Oyj",
			"company_url": "https://titelia.com/en/stocks/elisa-oyj-FI0009007884",
			"country": "FI",
			"shares": 0,
			"value": 155000,
			"currency": "EUR",
			"weight": 0.0443,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0014004L86",
			"company": "Dassault Aviation SA",
			"company_url": "https://titelia.com/en/stocks/dassault-aviation-sa-FR0014004L86",
			"country": "FR",
			"shares": 0,
			"value": 155000,
			"currency": "EUR",
			"weight": 0.0443,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IM00B5VQMV65",
			"company": "Entain PLC",
			"company_url": "https://titelia.com/en/stocks/entain-plc-IM00B5VQMV65",
			"country": "IM",
			"shares": 0,
			"value": 154000,
			"currency": "EUR",
			"weight": 0.044,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI0009000202",
			"company": "Kesko Oyj",
			"company_url": "https://titelia.com/en/stocks/kesko-oyj-FI0009000202",
			"country": "FI",
			"shares": 0,
			"value": 152000,
			"currency": "EUR",
			"weight": 0.0434,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012255151",
			"company": "Swatch Group AG/The",
			"company_url": "https://titelia.com/en/stocks/swatch-group-ag-the-CH0012255151",
			"country": "CH",
			"shares": 0,
			"value": 151000,
			"currency": "EUR",
			"weight": 0.0431,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006070006",
			"company": "HOCHTIEF AG",
			"company_url": "https://titelia.com/en/stocks/hochtief-ag-DE0006070006",
			"country": "DE",
			"shares": 0,
			"value": 151000,
			"currency": "EUR",
			"weight": 0.0431,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000PAG9113",
			"company": "Dr. Ing. h.c. F. Porsche Aktiengesellschaft",
			"company_url": "https://titelia.com/en/stocks/dr-ing-h-c-f-porsche-aktiengesellschaft-DE000PAG9113",
			"country": "DE",
			"shares": 0,
			"value": 150000,
			"currency": "EUR",
			"weight": 0.0428,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010582521",
			"company": "Gjensidige Forsikring ASA",
			"company_url": "https://titelia.com/en/stocks/gjensidige-forsikring-asa-NO0010582521",
			"country": "NO",
			"shares": 0,
			"value": 147000,
			"currency": "EUR",
			"weight": 0.042,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000606306",
			"company": "Raiffeisen Bank International AG",
			"company_url": "https://titelia.com/en/stocks/raiffeisen-bank-international-ag-AT0000606306",
			"country": "AT",
			"shares": 0,
			"value": 146000,
			"currency": "EUR",
			"weight": 0.0417,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0008232125",
			"company": "Deutsche Lufthansa AG",
			"company_url": "https://titelia.com/en/stocks/deutsche-lufthansa-ag-DE0008232125",
			"country": "DE",
			"shares": 0,
			"value": 146000,
			"currency": "EUR",
			"weight": 0.0417,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B1KJJ408",
			"company": "Whitbread PLC",
			"company_url": "https://titelia.com/en/stocks/whitbread-plc-GB00B1KJJ408",
			"country": "GB",
			"shares": 0,
			"value": 146000,
			"currency": "EUR",
			"weight": 0.0417,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BYW0PQ60",
			"company": "Land Securities Group PLC",
			"company_url": "https://titelia.com/en/stocks/land-securities-group-plc-GB00BYW0PQ60",
			"country": "GB",
			"shares": 0,
			"value": 146000,
			"currency": "EUR",
			"weight": 0.0417,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005190037",
			"company": "Bayerische Motoren Werke Aktiengesellschaft",
			"company_url": "https://titelia.com/en/stocks/bayerische-motoren-werke-aktiengesellschaft-DE0005190037",
			"country": "DE",
			"shares": 0,
			"value": 145000,
			"currency": "EUR",
			"weight": 0.0414,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974464977",
			"company": "Syensqo SA",
			"company_url": "https://titelia.com/en/stocks/syensqo-sa-BE0974464977",
			"country": "BE",
			"shares": 0,
			"value": 144000,
			"currency": "EUR",
			"weight": 0.0411,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0009002962",
			"company": "Barry Callebaut AG",
			"company_url": "https://titelia.com/en/stocks/barry-callebaut-ag-CH0009002962",
			"country": "CH",
			"shares": 0,
			"value": 144000,
			"currency": "EUR",
			"weight": 0.0411,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0015988019",
			"company": "Nibe Industrier AB",
			"company_url": "https://titelia.com/en/stocks/nibe-industrier-ab-SE0015988019",
			"country": "SE",
			"shares": 0,
			"value": 144000,
			"currency": "EUR",
			"weight": 0.0411,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005470306",
			"company": "CTS Eventim AG & Co KGaA",
			"company_url": "https://titelia.com/en/stocks/cts-eventim-ag-co-kgaa-DE0005470306",
			"country": "DE",
			"shares": 0,
			"value": 142000,
			"currency": "EUR",
			"weight": 0.0406,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003822393",
			"company": "Elia Group SA/NV",
			"company_url": "https://titelia.com/en/stocks/elia-group-sa-nv-BE0003822393",
			"country": "BE",
			"shares": 0,
			"value": 138000,
			"currency": "EUR",
			"weight": 0.0394,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010533075",
			"company": "Getlink SE",
			"company_url": "https://titelia.com/en/stocks/getlink-se-FR0010533075",
			"country": "FR",
			"shares": 0,
			"value": 137000,
			"currency": "EUR",
			"weight": 0.0391,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000LEG1110",
			"company": "LEG Immobilien SE",
			"company_url": "https://titelia.com/en/stocks/leg-immobilien-se-DE000LEG1110",
			"country": "DE",
			"shares": 0,
			"value": 136000,
			"currency": "EUR",
			"weight": 0.0389,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000HAG0005",
			"company": "Hensoldt AG",
			"company_url": "https://titelia.com/en/stocks/hensoldt-ag-DE000HAG0005",
			"country": "DE",
			"shares": 0,
			"value": 135000,
			"currency": "EUR",
			"weight": 0.0386,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0125220311",
			"company": "Acciona SA",
			"company_url": "https://titelia.com/en/stocks/acciona-sa-ES0125220311",
			"country": "ES",
			"shares": 0,
			"value": 133000,
			"currency": "EUR",
			"weight": 0.038,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0013280286",
			"company": "BioMerieux",
			"company_url": "https://titelia.com/en/stocks/biomerieux-FR0013280286",
			"country": "FR",
			"shares": 0,
			"value": 132000,
			"currency": "EUR",
			"weight": 0.0377,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0010801007",
			"company": "IMCD NV",
			"company_url": "https://titelia.com/en/stocks/imcd-nv-NL0010801007",
			"country": "NL",
			"shares": 0,
			"value": 132000,
			"currency": "EUR",
			"weight": 0.0377,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010908533",
			"company": "Edenred SE",
			"company_url": "https://titelia.com/en/stocks/edenred-se-FR0010908533",
			"country": "FR",
			"shares": 0,
			"value": 131000,
			"currency": "EUR",
			"weight": 0.0374,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IE0002424939",
			"company": "DCC PLC",
			"company_url": "https://titelia.com/en/stocks/dcc-plc-IE0002424939",
			"country": "IE",
			"shares": 0,
			"value": 131000,
			"currency": "EUR",
			"weight": 0.0374,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000190126",
			"company": "Industrivarden AB",
			"company_url": "https://titelia.com/en/stocks/industrivarden-ab-SE0000190126",
			"country": "SE",
			"shares": 0,
			"value": 131000,
			"currency": "EUR",
			"weight": 0.0374,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0017832488",
			"company": "Fastighets AB Balder",
			"company_url": "https://titelia.com/en/stocks/fastighets-ab-balder-SE0017832488",
			"country": "SE",
			"shares": 0,
			"value": 131000,
			"currency": "EUR",
			"weight": 0.0374,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010259150",
			"company": "Ipsen SA",
			"company_url": "https://titelia.com/en/stocks/ipsen-sa-FR0010259150",
			"country": "FR",
			"shares": 0,
			"value": 130000,
			"currency": "EUR",
			"weight": 0.0371,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0023405456",
			"company": "Avolta AG",
			"company_url": "https://titelia.com/en/stocks/avolta-ag-CH0023405456",
			"country": "CH",
			"shares": 0,
			"value": 129000,
			"currency": "EUR",
			"weight": 0.0369,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A2E4K43",
			"company": "Delivery Hero SE",
			"company_url": "https://titelia.com/en/stocks/delivery-hero-se-DE000A2E4K43",
			"country": "DE",
			"shares": 0,
			"value": 127000,
			"currency": "EUR",
			"weight": 0.0363,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0004125920",
			"company": "Amundi SA",
			"company_url": "https://titelia.com/en/stocks/amundi-sa-FR0004125920",
			"country": "FR",
			"shares": 0,
			"value": 126000,
			"currency": "EUR",
			"weight": 0.036,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0004776628",
			"company": "Banca Mediolanum SpA",
			"company_url": "https://titelia.com/en/stocks/banca-mediolanum-spa-IT0004776628",
			"country": "IT",
			"shares": 0,
			"value": 126000,
			"currency": "EUR",
			"weight": 0.036,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000746409",
			"company": "Verbund AG",
			"company_url": "https://titelia.com/en/stocks/verbund-ag-AT0000746409",
			"country": "AT",
			"shares": 0,
			"value": 122000,
			"currency": "EUR",
			"weight": 0.0349,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003823409",
			"company": "Financiere de Tubize SA",
			"company_url": "https://titelia.com/en/stocks/financiere-de-tubize-sa-BE0003823409",
			"country": "BE",
			"shares": 0,
			"value": 121000,
			"currency": "EUR",
			"weight": 0.0346,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0016440353",
			"company": "EMS-Chemie Holding AG",
			"company_url": "https://titelia.com/en/stocks/ems-chemie-holding-ag-CH0016440353",
			"country": "CH",
			"shares": 0,
			"value": 120000,
			"currency": "EUR",
			"weight": 0.0343,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003717312",
			"company": "Sofina SA",
			"company_url": "https://titelia.com/en/stocks/sofina-sa-BE0003717312",
			"country": "BE",
			"shares": 0,
			"value": 118000,
			"currency": "EUR",
			"weight": 0.0337,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0001347308",
			"company": "Buzzi SpA",
			"company_url": "https://titelia.com/en/stocks/buzzi-spa-IT0001347308",
			"country": "IT",
			"shares": 0,
			"value": 116000,
			"currency": "EUR",
			"weight": 0.0331,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0005127818",
			"company": "Sagax AB",
			"company_url": "https://titelia.com/en/stocks/sagax-ab-SE0005127818",
			"country": "SE",
			"shares": 0,
			"value": 116000,
			"currency": "EUR",
			"weight": 0.0331,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0124244E34",
			"company": "Mapfre SA",
			"company_url": "https://titelia.com/en/stocks/mapfre-sa-ES0124244E34",
			"country": "ES",
			"shares": 0,
			"value": 114000,
			"currency": "EUR",
			"weight": 0.0326,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121220",
			"company": "Sodexo SA",
			"company_url": "https://titelia.com/en/stocks/sodexo-sa-FR0000121220",
			"country": "FR",
			"shares": 0,
			"value": 112000,
			"currency": "EUR",
			"weight": 0.032,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010340141",
			"company": "Aeroports de Paris SA",
			"company_url": "https://titelia.com/en/stocks/aeroports-de-paris-sa-FR0010340141",
			"country": "FR",
			"shares": 0,
			"value": 112000,
			"currency": "EUR",
			"weight": 0.032,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0130293662",
			"company": "BKW AG",
			"company_url": "https://titelia.com/en/stocks/bkw-ag-CH0130293662",
			"country": "CH",
			"shares": 0,
			"value": 110000,
			"currency": "EUR",
			"weight": 0.0314,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0127797019",
			"company": "EDP Renovaveis SA",
			"company_url": "https://titelia.com/en/stocks/edp-renovaveis-sa-ES0127797019",
			"country": "PT",
			"shares": 0,
			"value": 110000,
			"currency": "EUR",
			"weight": 0.0314,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010040865",
			"company": "Gecina SA",
			"company_url": "https://titelia.com/en/stocks/gecina-sa-FR0010040865",
			"country": "FR",
			"shares": 0,
			"value": 108000,
			"currency": "EUR",
			"weight": 0.0309,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000108847",
			"company": "L E Lundbergforetagen AB",
			"company_url": "https://titelia.com/en/stocks/l-e-lundbergforetagen-ab-SE0000108847",
			"country": "SE",
			"shares": 0,
			"value": 104000,
			"currency": "EUR",
			"weight": 0.0297,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000379121",
			"company": "Randstad NV",
			"company_url": "https://titelia.com/en/stocks/randstad-nv-NL0000379121",
			"country": "NL",
			"shares": 0,
			"value": 102000,
			"currency": "EUR",
			"weight": 0.0291,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010310956",
			"company": "Salmar ASA",
			"company_url": "https://titelia.com/en/stocks/salmar-asa-NO0010310956",
			"country": "NO",
			"shares": 0,
			"value": 102000,
			"currency": "EUR",
			"weight": 0.0291,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000EVNK013",
			"company": "Evonik Industries AG",
			"company_url": "https://titelia.com/en/stocks/evonik-industries-ag-DE000EVNK013",
			"country": "DE",
			"shares": 0,
			"value": 99000,
			"currency": "EUR",
			"weight": 0.0283,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015435975",
			"company": "Davide Campari-Milano NV",
			"company_url": "https://titelia.com/en/stocks/davide-campari-milano-nv-NL0015435975",
			"country": "NL",
			"shares": 0,
			"value": 99000,
			"currency": "EUR",
			"weight": 0.0283,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007010803",
			"company": "Rational AG",
			"company_url": "https://titelia.com/en/stocks/rational-ag-DE0007010803",
			"country": "DE",
			"shares": 0,
			"value": 98000,
			"currency": "EUR",
			"weight": 0.028,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BP9LHF23",
			"company": "Schroders PLC",
			"company_url": "https://titelia.com/en/stocks/schroders-plc-GB00BP9LHF23",
			"country": "GB",
			"shares": 0,
			"value": 98000,
			"currency": "EUR",
			"weight": 0.028,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000039299",
			"company": "Bollore SE",
			"company_url": "https://titelia.com/en/stocks/bollore-se-FR0000039299",
			"country": "FR",
			"shares": 0,
			"value": 97000,
			"currency": "EUR",
			"weight": 0.0277,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974259880",
			"company": "D'ieteren Group",
			"company_url": "https://titelia.com/en/stocks/d-ieteren-group-BE0974259880",
			"country": "BE",
			"shares": 0,
			"value": 96000,
			"currency": "EUR",
			"weight": 0.0274,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0003604155",
			"company": "Lotus Bakeries NV",
			"company_url": "https://titelia.com/en/stocks/lotus-bakeries-nv-BE0003604155",
			"country": "BE",
			"shares": 0,
			"value": 94000,
			"currency": "EUR",
			"weight": 0.0269,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0531751755",
			"company": "Banque Cantonale Vaudoise",
			"company_url": "https://titelia.com/en/stocks/banque-cantonale-vaudoise-CH0531751755",
			"country": "CH",
			"shares": 0,
			"value": 94000,
			"currency": "EUR",
			"weight": 0.0269,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0171996087",
			"company": "Grifols SA",
			"company_url": "https://titelia.com/en/stocks/grifols-sa-ES0171996087",
			"country": "ES",
			"shares": 0,
			"value": 92000,
			"currency": "EUR",
			"weight": 0.0263,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000064578",
			"company": "Covivio SA/France",
			"company_url": "https://titelia.com/en/stocks/covivio-sa-france-FR0000064578",
			"country": "FR",
			"shares": 0,
			"value": 91000,
			"currency": "EUR",
			"weight": 0.026,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0010100958",
			"company": "Investment AB Latour",
			"company_url": "https://titelia.com/en/stocks/investment-ab-latour-SE0010100958",
			"country": "SE",
			"shares": 0,
			"value": 89000,
			"currency": "EUR",
			"weight": 0.0254,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JE00BRX98089",
			"company": "CVC Capital Partners PLC",
			"company_url": "https://titelia.com/en/stocks/cvc-capital-partners-plc-JE00BRX98089",
			"country": "LU",
			"shares": 0,
			"value": 88000,
			"currency": "EUR",
			"weight": 0.0251,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B0LCW083",
			"company": "Hikma Pharmaceuticals PLC",
			"company_url": "https://titelia.com/en/stocks/hikma-pharmaceuticals-plc-GB00B0LCW083",
			"country": "GB",
			"shares": 0,
			"value": 85000,
			"currency": "EUR",
			"weight": 0.0243,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0063855168",
			"company": "ROCKWOOL A/S",
			"company_url": "https://titelia.com/en/stocks/rockwool-a-s-DK0063855168",
			"country": "DK",
			"shares": 0,
			"value": 84000,
			"currency": "EUR",
			"weight": 0.024,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0060738599",
			"company": "Demant A/S",
			"company_url": "https://titelia.com/en/stocks/demant-a-s-DK0060738599",
			"country": "DK",
			"shares": 0,
			"value": 80000,
			"currency": "EUR",
			"weight": 0.0229,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0013451333",
			"company": "FDJ UNITED",
			"company_url": "https://titelia.com/en/stocks/fdj-united-FR0013451333",
			"country": "FR",
			"shares": 0,
			"value": 76000,
			"currency": "EUR",
			"weight": 0.0217,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU2290522684",
			"company": "InPost SA",
			"company_url": "https://titelia.com/en/stocks/inpost-sa-LU2290522684",
			"country": "NL",
			"shares": 0,
			"value": 76000,
			"currency": "EUR",
			"weight": 0.0217,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BM8Q5M07",
			"company": "JD Sports Fashion PLC",
			"company_url": "https://titelia.com/en/stocks/jd-sports-fashion-plc-GB00BM8Q5M07",
			"country": "GB",
			"shares": 0,
			"value": 70000,
			"currency": "EUR",
			"weight": 0.02,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0011090018",
			"company": "Holmen AB",
			"company_url": "https://titelia.com/en/stocks/holmen-ab-SE0011090018",
			"country": "SE",
			"shares": 0,
			"value": 67000,
			"currency": "EUR",
			"weight": 0.0191,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0005090300",
			"company": "Infrastrutture Wireless Italiane SpA",
			"company_url": "https://titelia.com/en/stocks/infrastrutture-wireless-italiane-spa-IT0005090300",
			"country": "IT",
			"shares": 0,
			"value": 64000,
			"currency": "EUR",
			"weight": 0.0183,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0005366767",
			"company": "Nexi SpA",
			"company_url": "https://titelia.com/en/stocks/nexi-spa-IT0005366767",
			"country": "IT",
			"shares": 0,
			"value": 64000,
			"currency": "EUR",
			"weight": 0.0183,
			"as_of": "2025-12-31"
		}
	],
	"source": "Public filings of the fund regulators, republished by titelia",
	"served_by": {
		"name": "titelia",
		"url": "https://titelia.com/en/api"
	},
	"terms": "https://titelia.com/en/mentions",
	"documentation": "https://titelia.com/en/api"
}
