CON GOLD E CON EMERGING MARKETS

SENZA DIVIDENDI

Holdings

Asset Allocation

Asset Class

Equity 90.0%Precious Metals 10.0%

Holdings Details

Diversified EUR ETF portfolio blending global equities, European banks, dividend stocks, emerging markets, and gold hedged for stability.

Asset	ISIN	Dist. Policy	Type	Allocation	TER
BNKE.PA Amundi Euro Stoxx Banks UCITS ETF Acc • LU1829219390	LU1829219390	Acc	ETF	15.0%	0.3%
IS3S.F iShares Edge MSCI World Value Factor UCITS ETF • IE00BP3QZB59	IE00BP3QZB59	Acc	ETF	15.0%	0.25%
MEUD.PA Amundi Core Stoxx Europe 600 UCITS ETF Acc • LU0908500753	LU0908500753	Acc	ETF	15.0%	0.07%
XDEW.F Xtrackers S&P 500 Equal Weight UCITS ETF 1C • IE00BLNMYC90	IE00BLNMYC90	Acc	ETF	15.0%	0.15%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF • NL0011683594	NL0011683594	Dist	ETF	15.0%	0.38%
AEME.PA Amundi Core MSCI Emerging Markets UCITS ETF Acc • LU1437017350	LU1437017350	Acc	ETF	15.0%	0.18%
GBSE.XETRA WisdomTree Physical Gold - EUR Daily Hedged • JE00B8DFY052	JE00B8DFY052	Acc	ETF	10.0%	0.25%
Total		Total			100.0%	0.22%

Performance

Portfolio Value Over Time

Starting with €10,000 investment → now worth €25,057.85

Histogram of Monthly Returns

The portfolio had a positive return during 66 of the 107 months (62%)

Monthly Returns Heatmap

Best month: +12.1% • Worst month: -16.1% • Best year: 2025 (+32.7%) • Worst year: 2018 (-11.7%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	+5.0%	+3.7%	-6.8%	+6.3%	-	-	-	-	-	-	-	-	+7.9%
2025	+5.4%	+3.7%	-1.5%	-2.1%	+5.1%	-0.0%	+4.1%	+1.7%	+3.6%	+2.7%	+2.6%	+3.6%	+32.7%
2024	+1.4%	+1.3%	+6.8%	-0.2%	+2.1%	-0.7%	+3.2%	-0.5%	+2.5%	-0.4%	+1.9%	-0.3%	+18.1%
2023	+7.0%	+0.4%	-3.5%	+0.8%	-1.1%	+3.6%	+3.5%	-2.0%	-0.9%	-3.1%	+5.5%	+3.5%	+13.8%
2022	+0.8%	-3.0%	+1.7%	-0.4%	+0.5%	-7.2%	+3.9%	-1.1%	-5.6%	+4.9%	+5.4%	-2.0%	-3.0%
2021	+0.8%	+4.9%	+5.9%	+1.2%	+3.0%	-0.2%	-0.0%	+2.0%	-0.3%	+2.3%	-1.9%	+5.3%	+25.1%
2020	-1.9%	-7.4%	-16.1%	+8.1%	+1.1%	+3.2%	-0.4%	+3.0%	-2.4%	-1.9%	+12.1%	+2.3%	-3.2%
2019	+6.8%	+3.5%	+0.3%	+3.5%	-6.4%	+4.4%	+0.9%	-2.4%	+4.4%	+0.6%	+2.8%	+2.3%	+22.0%
2018	+2.7%	-2.8%	-3.3%	+3.2%	-1.4%	-1.2%	+2.7%	-2.1%	+0.8%	-4.7%	+0.6%	-6.2%	-11.7%
2017	-	-	-	-	-	-1.5%	+0.5%	-0.9%	+2.7%	+1.8%	+0.3%	+0.1%	+3.0%

> +2%

0% to +2%

-2% to 0%

< -2%

Drawdown Analysis

Maximum drawdown: +33.98% • The longest drawdown period lasted for 1 year and 9 months and was between January 2018 and November 2019. It reached a trough of -17.1%.

Dividend Income

Summary

This portfolio contains 1 distributing ETF (15.0% of total allocation)

Total Dividends Received

€769.38

36 payments

Dividend Yield

0.64%

(annualized)

Avg Per Payment

€21.37

per event

All dividends are automatically reinvested at the payment date. The portfolio value shown includes the compounding effect of dividend reinvestment.

Annual Breakdown

Dividend income per calendar year

Year	Dividends	Yield	Payments
2026	€15.28	0.06%	1
2025	€113.08	0.56%	4
2024	€104.04	0.63%	4
2023	€103.94	0.75%	4
2022	€102.68	0.79%	4
2021	€80.12	0.65%	4
2020	€59.92	0.61%	4
2019	€70.75	0.69%	4
2018	€68.55	0.68%	4
2017	€51.01	0.51%	3
Total	€769.38	0.64%	36

Detailed Metrics

Returns

Total Return

+150.58%

Annualized Return

+10.88%

Avg Monthly Return

+0.93%

Risk

Volatility (Annual)

+13.76%

Max Drawdown

+33.98%

Positive Months

62%

Average Drawdown

-5.0%

Risk-Adjusted

Sharpe Ratio

0.65

Risk-free rate: 2.0%

Sortino Ratio

0.58

Downside risk adjusted

Return/Volatility

0.79

Calmar Ratio

0.32

Return/Max Drawdown

Ulcer Index

7.00

Drawdown depth & duration

Martin Ratio

0.01

Return/Ulcer Index

Backtest Configuration

Initial Investment

€10,000

Final Value

€25,057.85

Backtest Period

2017-06-02 to 2026-04-24
8.9 years

Rebalancing

annual

Base Currency

EUR

Performance Summary

Holdings

Performance

Dividend Income

Detailed Metrics