Investment philosophy

A boutique fund closely tied to the fund manager, Francisco García Paramés, whose replacement would lead to a change in investment policy.

More than 75% of total exposure will be invested in equities.

The non-equities portion will be invested in fixed-income assets, generally euro area sovereign issuers. The average duration of the fixed-income portfolio will be less than 18 months. Foreign exchange risk can range from 0% to 100% of total exposure.

Management objective

The management objective is to achieve satisfactory and sustained performance by applying a value investing philosophy, which identifies assets that are undervalued by the market but have a high upside.

This fund may be unsuitable for investors who expect to withdraw their money within seven years or less.

Cobas Concentrados F.I.L

Net Asset Value

Daily Return

YTD

Annualized Return

Cobas Concentrados F.I.L Clase B

97.352240 €

Net Asset Value

-10.42%

Daily Return

-2.65%

YTD

-4.43%

Annualized Return

Cobas Concentrados F.I.L Clase C

65.448414 €

Net Asset Value

-10.44%

Daily Return

0.82%

YTD

-8.68%

Annualized Return

Cobas Concentrados F.I.L Clase D

116.552268 €

Net Asset Value

-10.46%

Daily Return

0.30%

YTD

10.70%

Annualized Return

Liquidative Date: 30-09-2022

The classes of this investment fund share the same investment portfolio, differing only in the management fee applied, which varies depending on the seniority of the participant.

Past returns do not presuppose future returns. Investment in equities can lead to losses of the capital invested, and is not recommended for time horizons of less than 5 years. The management takes as a reference, for purely comparative purposes, the MSCI World Total Net Return.

Cobas Concentrados F.I.L

Since Inception

1 month

6 months

1 year

Cobas Concentrados F.I.L Clase B

-2.65%

Since Inception

-10.81%

1 month

-6.45%

6 months

-2.65%

1 year

Cobas Concentrados F.I.L Clase C

-34.55%

Since Inception

-10.85%

1 month

-6.55%

6 months

0.37%

1 year

Cobas Concentrados F.I.L Clase D

16.55%

Since Inception

-10.89%

1 month

-6.84%

6 months

-0.46%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 30-09-2022

Class C Class D Benchmark Class C Benchmark Class D
2017 0% - 0% -
2018 -43,39% - -10,57% -
2019 21,23% - 26,05% -
2020 -30,89% - -3,32% -
2021 36,86% 16,20% 25,13% 24,26%

Past returns do not presuppose future returns. Investment in equities can lead to losses of the capital invested, and is not recommended for time horizons of less than 5 years. The management takes as a reference, for purely comparative purposes, the MSCI World Total Net Return.

Fund breakdown

Asset class breakdown

Renta Variable

97.38%

Liquidez

2.62%

Geographical breakdown

Zona Euro

43.59%

Resto Europa

31.11%

EEUU

20.9%

Asia

4.4%

Sector Breakdown

Transporte y almacenamiento de petróleo y gas

18.34%

Equip. y servicios de energía

14.36%

Conglomerados industriales

13.9%

Exploración de petróleo y gas

6.63%

Transporte

6.3%

Maquinaria

5.67%

Ingeniería y construcción

5.64%

Minería y metales

5.41%

Venta al por menor

5.37%

Aeroespacial y defensa

5%

Alimentos, bebidas y tabaco

2.92%

Tesorería

2.62%

Automóviles y componentes

2.35%

Servicios comerciales

1.79%

Farmacéutico y biotecnología

1.62%

Medios y entretenimiento

1.47%

Servicios de consumo

0.61%

Fund Data - Cobas Concentrados F.I.L

Fundamental Data

ISIN Code

n.d.

CNMV registration code

64

Registration date

Management company

Cobas Asset Management SGIIC SA

Registered office

Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

Bloomberg code

n.d.

Fund Profile

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100000.00€

Minimum additional investment

20000.00€

Net asset value

Mensual

Management fee

n.d.

Other expenses

n.d.

TER

n.d.

Redemption fee

4%

Assets under management

Fund Data - Cobas Concentrados F.I.L Clase B

Fundamental Data

ISIN Code

ES0119166025

CNMV registration code

64

Registration date

Management company

Cobas Asset Management SGIIC SA

Registered office

Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

Bloomberg code

COBASCB SM

Fund Profile

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100000.00€

Minimum additional investment

20000.00€

Net asset value

Mensual

Management fee

1.25%

Other expenses

0.04%

TER

1.91%

Redemption fee

4%

Assets under management

Fund Data - Cobas Concentrados F.I.L Clase C

Fundamental Data

ISIN Code

ES0119166009

CNMV registration code

64

Registration date

Management company

Cobas Asset Management SGIIC SA

Registered office

Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

Bloomberg code

COBASCO SM

Fund Profile

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100000.00€

Minimum additional investment

20000.00€

Net asset value

Mensual

Management fee

1.5%

Other expenses

0.04%

TER

1.58%

Redemption fee

4%

Assets under management

Fund Data - Cobas Concentrados F.I.L Clase D

Fundamental Data

ISIN Code

ES0119166017

CNMV registration code

64

Registration date

Management company

Cobas Asset Management SGIIC SA

Registered office

Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

Bloomberg code

COBASCD SM

Fund Profile

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100000.00€

Minimum additional investment

20000.00€

Net asset value

Mensual

Management fee

1.75%

Other expenses

0.04%

TER

1.91%

Redemption fee

4%

Assets under management