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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 10 January 2024 - onwards
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Article 13 Portfolio composition and diversification

1. An ELTIF shall invest at least 55 % of its capital in eligible investment assets.

2. An ELTIF shall invest no more than:

(a) 20 % of its capital in instruments issued by, or loans granted to, any single qualifying portfolio undertaking;

(b) 20 % of its capital in a single real asset;

(c) 20 % of its capital in units or shares of any single ELTIF, EuVECA, EuSEF, UCITS or EU AIF managed by an EU AIFM;

(d) 10 % of its capital in assets referred to in Article 9(1), point (b), where those assets have been issued by any single body.

3. The aggregate value of simple, transparent and standardised securitisations in an ELTIF portfolio shall not exceed 20 % of the value of the capital of the ELTIF.

4. The aggregate risk exposure to a counterparty of the ELTIF stemming from over-the-counter (OTC) derivative transactions, repurchase agreements, or reverse repurchase agreements shall not exceed 10 % of the value of the capital of the ELTIF.

5. By way of derogation from paragraph 2, point (d), an

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