Investment philosophy

At least 80% of the assets will be invested in equities of all capitalisations and sectors of OECD issuers/markets, up to 40% of which may be invested in emerging market issuers/markets.

The remainder of the total assets will be invested in fixed income, mainly public but also private.

The average duration of the fixed income portfolio shall be less than 18 months.

Within the legally permitted limits, Cobas Empleo FP pension fund may invest in CIS managed by entities of the group to which the collective investment institution management company that manages it belongs.

The currency risk will be 0-100% of the total assets.

Derivative financial instruments, traded and not traded on organised derivatives markets, may be traded for hedging purposes, under the terms established by the legislation in force.

Management objective

To constitute a capital intended to cover the contingencies of retirement, disability in its different degrees, severe dependence or great dependence and death of the participant or beneficiary and the exceptional cases of liquidity.

Cobas Empleo PP

100.962963 €

Net Asset Value

2.65%

Daily Return

1.89%

YTD

0.75%

Annualized Return

Liquidative Date: 5-10-2022

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 vehicle does not have any reference index in its management.

Cobas Empleo PP

0.96%

Since Inception

-4.61%

1 month

-8.91%

6 months

-0.30%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 5-10-2022

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 vehicle does not have any reference index in its management.

Fund Data - Cobas Empleo PP

Fundamental Data

ISIN Code

n.d.

CNMV registration code

n.d.

Registration date

Management company

Cobas Pensiones, SGFP, S.A

Registered office

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

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

Bloomberg code

COBASEM SM

Fund Profile

Fund type

Legal form

PENSIONS_FUND

Investment style

Value

Morningstar category

n.d.

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

n.d.

Minimum additional investment

n.d.

Net asset value

Diario

Management fee

1%

Other expenses

n.d.

TER

1%

Redemption fee

n.d.

Assets under management