Investment philosophy

It will invest between 25% and 75% of the assets in equities and the remainder in fixed income assets.

It will invest in equities of any capitalisation and sector, mainly in OECD issuers/markets, with up to 40% of the total equity exposure to be invested in emerging market issuers/markets.

Fixed income will be mainly public but also private.

Derivative financial instruments, traded and non-traded on organised derivatives markets, may be traded for hedging purposes, under the terms established by the legislation in force.

Management objective

The management objective is to build up capital to cover the contingencies of retirement, disability in its different degrees, severe or great dependence and death of the Participant or Beneficiary, applying an investment philosophy based on value investing, selecting assets that are undervalued by the market and have a high potential for revaluation.

Cobas Mixto global PP

90.357989 €

Net Asset Value

0.02%

Daily Return

3.11%

YTD

-1.92%

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 management takes as a reference, for purely comparative purposes, a synthetic index weighted between the MSCI Europe Total Net Return (50%) and the €STR (50%).

Cobas Mixto global PP

-9.64%

Since Inception

-4.08%

1 month

-7.36%

6 months

0.93%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 5-10-2022

Fund Benchmark
2017 1,71% -0,75%
2018 -23,72% -3,20%
2019 10,14% 12,43%
2020 -17,37% -1,89%
2021 24,11% 8,13%

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, a synthetic index weighted between the MSCI Europe Total Net Return (50%) and the €STR (50%).

Fund breakdown

Asset class breakdown

Renta Variable

71.96%

Liquidez

13.74%

Activos Monetarios

8.14%

Renta Fija

6.16%

Geographical breakdown

Zona Euro

43.91%

USA

26.93%

Resto Europa

22.83%

Asia

6.33%

Sector Breakdown

Exploración de petróleo y gas

14.36%

Tesorería

13.74%

Transporte y almacenamiento de petróleo y gas

13.02%

Gobierno

8.14%

Conglomerados industriales

8%

Venta al por menor

5.58%

Equip. y servicios de energía

5.52%

Aeroespacial y defensa

3.98%

Farmacéutico y biotecnología

3.59%

Maquinaria

3%

Automóviles y componentes

2.9%

Minería y metales

2.73%

Transporte

2.63%

Alimentos, bebidas y tabaco

2.36%

Ingeniería y construcción

2.23%

Servicios comerciales

2.06%

Entidades financieras

1.43%

Medios y entretenimiento

1.02%

Hogar y Productos domésticos

0.96%

Equip. y hardware tecnológico

0.8%

Equip. y servicios de salud

0.77%

Servicios de consumo

0.73%

Papelero

0.45%

Fund Data - Cobas Mixto global 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

N5218 SM

Fund Profile

Fund type

Legal form

PENSIONS_FUND

Investment style

Value

Morningstar category

Mixtos Euros Agresivos PP

Currency

EUR

Asset manager(s)

Cobas Pensiones, SGFP, S.A

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Net asset value

Diario

Management fee

1%

Other expenses

0.09%

TER

n.d.

Redemption fee

n.d.

Assets under management