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.

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 Selección FI

Net Asset Value

Daily Return

YTD

Annualized Return

Cobas Selección FI Clase B

102.165534 €

Net Asset Value

0.07%

Daily Return

2.17%

YTD

3.24%

Annualized Return

Cobas Selección FI Clase C

92.462759 €

Net Asset Value

0.07%

Daily Return

4.32%

YTD

-1.30%

Annualized Return

Cobas Selección FI Clase D

136.270707 €

Net Asset Value

0.06%

Daily Return

4.12%

YTD

19.20%

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 Europe Total Net Return.

Cobas Selección FI

Since Inception

1 month

6 months

1 year

Cobas Selección FI Clase B

2.17%

Since Inception

-5.04%

1 month

-9.37%

6 months

2.17%

1 year

Cobas Selección FI Clase C

-7.54%

Since Inception

-5.06%

1 month

-9.49%

6 months

1.48%

1 year

Cobas Selección FI Clase D

36.27%

Since Inception

-5.08%

1 month

-9.60%

6 months

1.22%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date:

Class C Class D Benchmark
2017 10,26% - 10,24%
2018 -29,61% - -10,57%
2019 12,28% - 26,05%
2020 -22,81% - -3,32%
2021 32,01% 30,88% 25,13%

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, the MSCI Europe Total Net Return.

Fund breakdown

Asset class breakdown

Renta Variable

97.82%

Liquidez

2.17%

Geographical breakdown

Zona Euro

32.37%

Resto Europa

30.94%

EEUU

28.07%

Asia

8.61%

Sector Breakdown

Transporte y almacenamiento de petróleo y gas

17.99%

Exploración de petróleo y gas

11.02%

Conglomerados industriales

10.85%

Equip. y servicios de energía

7.57%

Venta al por menor

7.44%

Aeroespacial y defensa

5.42%

Farmacéutico y biotecnología

5.01%

Maquinaria

4%

Automóviles y componentes

3.99%

Minería y metales

3.68%

Transporte

3.55%

Alimentos, bebidas y tabaco

3.17%

Ingeniería y construcción

2.99%

Servicios comerciales

2.82%

Tesorería

2.17%

Entidades financieras

1.91%

Medios y entretenimiento

1.37%

Hogar y Productos domésticos

1.36%

Equip. y hardware tecnológico

1.08%

Equip. y servicios de salud

1.03%

Servicios de consumo

0.95%

Papelero

0.62%

Fund Data - Cobas Selección FI

Fundamental Data

ISIN Code

n.d.

CNMV registration code

5075

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 Selección FI Clase B

Fundamental Data

ISIN Code

ES0124037021

CNMV registration code

5075

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

COBASFB 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

1.25%

Other expenses

0.03%

TER

1.58%

Redemption fee

4%

Assets under management

Fund Data - Cobas Selección FI Clase C

Fundamental Data

ISIN Code

ES0124037005

CNMV registration code

5075

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

COBASFI 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

1.5%

Other expenses

0.03%

TER

1.58%

Redemption fee

4%

Assets under management

Fund Data - Cobas Selección FI Clase D

Fundamental Data

ISIN Code

ES0124037013

CNMV registration code

5075

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

COBASFD 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

1.75%

Other expenses

0.03%

TER

1.78%

Redemption fee

4%

Assets under management