Expat Slovenia SBI TOP
UCITS ETF
A passive exchange-traded fund tracking the SBI TOP Index on the Ljubljana Stock Exchange through direct physical replication. Access Slovenia’s dynamic economy with eurozone stability.
| Market | Ticker | Bloomberg Ticker | Reuters Ticker | ISIN |
| XETRA | SLQX | SLQX GY | SLQX.DE | BGSLOBI02187 |
| BSE | SLQX | SLQX BU | BGSLOBI02187 |
SBI TOP Index
SBI TOP is the main equity index of the Ljubljana Stock Exchange, tracking the performance of the 9 largest and most liquid Slovenian companies and providing broad exposure to Slovenia’s key economic sectors.
The index is weighted by free-float market capitalization, with constituent weights capped and reviewed quarterly to ensure compliance with UCITS standards for portfolio diversification. It includes leading companies across 7 sectors, with financials, health care and consumer discretionary representing the largest allocation.
With a market capitalization of approximately €18 billion and an average daily trading volume of around €3 million, SBI TOP offers sufficient liquidity for both institutional and retail investors.
Key Stats
Sector Allocation
- Financials
- Health Care
- Consumer Discretionary
- Industrials
- Communication Services
- Other
Top Holdings
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Slovenia Economic Outlook
Slovenia operates at the intersection of German and northern Italian industrial value chains, a compact but dense economy shaped by early euro adoption (January 2007), EU accession (May 2004) and Schengen entry (December 2007).
The economy is structurally export-oriented, with competitive strength in pharmaceuticals, specialty chemicals and advanced automotive components – sectors with high value added and durable cross-border integration.
Slovenia’s macro profile is steadier than its size suggests. GDP growth is projected at 1.1% in 2025, strengthening to 2.2% by 2027, while inflation moderates from 2.5% to 2.2% over the same horizon. The country also ranks among the lowest in terms of budget deficit and unemployment rate in the CEE region. Supported by an A+ investment-grade credit rating, Slovenia remains an attractive option for medium to long-term exposure within the EU.
GDP Growth 2025
+1.1%
Inflation 2025
2.5%
Unemployment
3.9%
Debt / GDP
65.7%
EU Integration Milestones
EU Member
Since May 2004 – Full access to EU single market
Eurozone Member
Since January 2007 – EUR as official currency
Schengen Area
Since December 2007 – Border-free travel zone
Credit Rating
A+ (Investment Grade) – Strong fiscal position
Expat Slovenia
SBI TOP UCITS ETF
Expat Slovenia SBI TOP UCITS ETF offers investors efficient exposure to Slovenia’s equity market by tracking the SBI TOP Index of the Ljubljana Stock Exchange through direct physical replication. The fund provides diversified access to Slovenia’s leading listed companies within a fully UCITS-regulated structure.
The ETF invests in the shares of companies included in the SBI TOP Index – the main equity index of the Ljubljana Stock Exchange, consisting of 9 companies. The fund invests in all SBI TOP constituents in proportions closely matching those of the index, within applicable legal and regulatory limitations.
Listed on the Frankfurt Stock Exchange (XETRA) and the Bulgarian Stock Exchange, the ETF provides broad accessibility to investors across Europe.
The ETF is an open-ended, passively managed collective investment scheme. The fund does not distribute dividends – all profits are reinvested, increasing the net asset value for the benefit of investors.
Risk Information
The fund is exposed to market and currency risk – the possibility of losses due to adverse changes in the value of the reference index. Other key risk factors include:
- The NAV of the shares and their returns may fall, the returns are not guaranteed. Investors take the risk that they may get back less than they originally invested.
- Unusual circumstances such as trading obstruction on the stock exchange, surcharges, extremely volatile markets and others can lead to significant differences between the performance of the Fund and the performance of the Index.
- Liquidity risk – under certain conditions it may become difficult to sell portfolio holdings.
- Other risks: credit risk, interest risk, tax risk, regulatory risk, political risk, operational risk, price risk, currency risk, concentration risk, systemic risk, risk of the passive fund management, risk of corporate events, tracking error risk, events that affect the Reference Index, etc.
More information about risks can be found in the Prospectus. Past performance does not guarantee future results.
Returns
Historical Annual Returns
Past performance does not guarantee future results.
Return Summary
YTD
+12.70%
2025
+43.47%
5-Year CAGR (2021–2025)
+23.74%
Since Inception (Annualized)
+14.41%
Documents
Main Documents
Ready to Invest in Slovenia? 🇸🇮
Access the Expat Slovenia SBI TOP UCITS ETF
through your preferred brokerage platform or contact us for detailed fund information.
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Ready to Invest in Slovenia? 🇸🇮
Access the Expat Slovenia SBI TOP UCITS ETF
through your preferred brokerage platform or contact us for detailed fund information.
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