Investment philosophy

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

At least 80% of total exposure will be invested in international equities, at any capitalisation level and in any issuer sector/OECD market. Up to 40% of total exposure may be invested in emerging country issuers/markets.

At least 70% of exposure to equities will be to international large cap corporations, having a market cap of at least €4 billion. The rest may be small and mid-cap companies.

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 five years or less.

Cobas Grandes compañías FI

Net Asset Value

Daily Return

YTD

Annualized Return

Cobas Grandes compañías FI Clase B

99.759874 €

Net Asset Value

-0.05%

Daily Return

-0.24%

YTD

-0.36%

Annualized Return

Cobas Grandes compañías FI Clase C

86.258561 €

Net Asset Value

-0.05%

Daily Return

4.53%

YTD

-2.61%

Annualized Return

Cobas Grandes compañías FI Clase D

120.166554 €

Net Asset Value

-0.05%

Daily Return

4.44%

YTD

10.99%

Annualized Return

Liquidative Date:

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 Grandes compañías FI

Since Inception

1 month

6 months

1 year

Cobas Grandes compañías FI Clase B

-0.24%

Since Inception

-4.81%

1 month

-8.23%

6 months

-0.24%

1 year

Cobas Grandes compañías FI Clase C

-13.74%

Since Inception

-4.82%

1 month

-8.23%

6 months

2.34%

1 year

Cobas Grandes compañías FI Clase D

20.17%

Since Inception

-4.82%

1 month

-8.29%

6 months

2.24%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date:

Class C Class D Benchmark
2017 5,81% - 1,69%
2018 -30,87% - -4,11%
2019 10,93% - 30,02%
2020 -17,70% - 6,33%
2021 23,56% 15,06% 31,07%

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

96.7%

Liquidez

3.33%

Geographical breakdown

EEUU

37.8%

Zona Euro

34.39%

Asia

16.46%

Resto Europa

11.38%

Sector Breakdown

Automóviles y componentes

15.74%

Farmacéutico y biotecnología

12.99%

Conglomerados industriales

12.88%

Transporte y almacenamiento de petróleo y gas

12.76%

Equip. y servicios de energía

6.49%

Equip. y servicios de salud

6.21%

Exploración de petróleo y gas

5.01%

Entidades financieras

4.33%

Venta al por menor

4.29%

Servicios de telecomunicaciones

3.52%

Tesorería

3.33%

Aeroespacial y defensa

2.94%

Alimentos, bebidas y tabaco

2.27%

Ingeniería y construcción

2.21%

Productos químicos

1.47%

Materiales

1.35%

Transporte

1.07%

Petróleo gas y combustibles consumibles

0.73%

Equip. y hardware tecnológico

0.44%

Fund Data - Cobas Grandes compañías FI

Fundamental Data

ISIN Code

n.d.

CNMV registration code

5129

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

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Net asset value

Diario

Management fee

n.d.

Other expenses

n.d.

TER

n.d.

Redemption fee

4%

Assets under management

Fund Data - Cobas Grandes compañías FI Clase B

Fundamental Data

ISIN Code

ES0113728028

CNMV registration code

5129

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

COBASLB SM

Fund Profile

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Net asset value

Diario

Management fee

0.85%

Other expenses

0.06%

TER

1.03%

Redemption fee

4%

Assets under management

Fund Data - Cobas Grandes compañías FI Clase C

Fundamental Data

ISIN Code

ES0113728002

CNMV registration code

5129

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

COBASLC SM

Fund Profile

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Net asset value

Diario

Management fee

0.95%

Other expenses

0.06%

TER

1.03%

Redemption fee

4%

Assets under management

Fund Data - Cobas Grandes compañías FI Clase D

Fundamental Data

ISIN Code

ES0113728010

CNMV registration code

5129

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

COBASGD SM

Fund Profile

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Currency

EUR

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Net asset value

Diario

Management fee

1%

Other expenses

0.06%

TER

1.07%

Redemption fee

4%

Assets under management