Here are the main transactions carried out in January 2026:

• I sold my entire position in YMAG and, adding liquidity from the redemption of a certificate, I bought 7MAG. The latter is an ETP and guarantees greater tax efficiency in recovering capital losses compared to an ETF.
• I continued my investment strategy with the usual quarterly purchases. In this case, I bought SDGPEX, STHY, and XHYG.

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