|
Limits by type of Basic SIEFORE (fund) |
|
Basic Initial |
Basic 90-94 |
Basic 85-89 |
Basic 80-84 |
Basic 75-79 |
Basic 70-74 |
Basic 65-69 |
Basic 60-64 |
Basic 55-59 |
Basic Pension |
Trimestre |
1 |
18 |
38 |
58 |
78 |
98 |
118 |
138 |
158 |
161 |
Market and Liquidity Risks |
Value at Risk /2 |
|
0.96% |
0.70% |
0.70% |
Difference of the Conditional Value Risk /2 |
1.00% |
0.99% |
0.96% |
0.91% |
0.81% |
0.64% |
0.43% |
0.30% |
0.25% |
0.25% |
Liquidity coverage ratio /3 |
80% |
Tracking Error /4 |
5% |
Risk by issuer / Counterparty or concentration /5 |
Local /6 |
Debt issued or endorsed by the Federal Government |
100% |
SPE /6 Debt |
10% (mxBBB to mxAAA) (Foreign exchange BB to AAA) |
Debt |
5% (mxBBB to mxAAA) (Foreign exchange BB to AAA) |
5% (mxA- to mxAAA) (Foreign exchange BBB+ to AAA) |
Subordinated Debt |
1% (mxBB+ to mxBBB-) (Foreign exchange B+ to BB-) |
- |
Hybrid Debt |
2% (mxBBB to mxBBB+) (Foreign exchange BB to BB+) |
- |
Inter |
Foreign instrument from one issuer or counterparty/7 |
5% (BBB- to AAA) |
5% (BBB+ to AAA) |
|
Holdings of a single issuance /8 |
Maximum between 35% or 120 million UDI |
|
Mexican REITs (FIBRAS) /13 and REITs |
2% |
|
Structured securities /12 |
3% |
Assets Class limits |
Foreign Securities /5 |
20% |
Equity /5/10 |
60.00% |
58.49% |
56.35% |
53.57% |
50.15% |
44.33% |
35.93% |
21.04% |
15.00% |
15.00% |
Foreign Currency /5 |
30.00% |
Securitizations/5/11 |
40.00% |
38.60% |
36.22% |
33.42 |
30.57% |
27.27% |
23.55% |
21.01% |
20.00% |
20.00% |
Structured securities/5/12 |
20.00% |
20.00% |
20.00% |
20.00% |
20.00% |
17.57% |
14.71% |
11.86% |
10.00% |
10.00% |
Mexican REITs (FIBRAS)/13 and REITs |
10.00% |
10.00% |
10.00% |
10.00% |
10.00% |
8.79% |
7.36% |
5.93% |
5.00% |
5.00% |
Inflation protected securities/14 |
- |
Min 51% |
Commodities/5 |
5% |
Vehicles and Derivatives |
Investment Mandates |
Yes |
Derivatives |
Yes |
Conflicts of interest /5 |
Securities by related entities |
15% |
Securities by entities with patrimonial affiliation with the AFORE/15 |
5% |