Cobas Iberia FI
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 75% of total exposure will be invested in equities, at any level of capitalisation and in any issuer sector/market of Spain and Portugal.
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 will not exceed 25% 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 Iberia FI Clase A
110.175363 €
Net Asset Value
-0.23%
Daily Return
10.18%
YTD
-
Annualized Return
Cobas Iberia FI Clase B
134.213417 €
Net Asset Value
-0.23%
Daily Return
7.29%
YTD
14.14%
Annualized Return
Cobas Iberia FI Clase C
130.775568 €
Net Asset Value
-0.23%
Daily Return
7.20%
YTD
3.82%
Annualized Return
Cobas Iberia FI Clase D
155.011000 €
Net Asset Value
-0.23%
Daily Return
7.12%
YTD
14.14%
Annualized Return
Liquidative Date: 25-4-2024
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.
Historic Performance
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. Management takes as a reference, for purely comparative purposes, a synthetic index weighted between the IGBM Total 80% y PSI 20 Total Return 20%
Cobas Iberia FI Clase A
10.18%
Since Inception5.69%
1 month10.18%
6 months10.18%
1 yearCobas Iberia FI Clase B
34.21%
Since Inception5.66%
1 month17.17%
6 months21.54%
1 yearCobas Iberia FI Clase C
30.78%
Since Inception5.64%
1 month17.02%
6 months21.23%
1 yearCobas Iberia FI Clase D
55.01%
Since Inception5.62%
1 month16.87%
6 months20.93%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 25-4-2024
| Class B | Class C | Class D | Benchmark | |
|---|---|---|---|---|
| 2018 | - | -14.11% | - | - |
| 2019 | - | 6.56% | - | - |
| 2020 | - | -21.58% | - | - |
| 2021 | - | 20.93% | 14.03% | 7.18% |
| 2022 | 1.68% | 3.92% | 3.67% | 0.93% |
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. Management takes as a reference, for purely comparative purposes, a synthetic index weighted between the IGBM Total 80% y PSI 20 Total Return 20%
Fund breakdown
Asset class breakdown
Equity
96.70%
Tesorería
2.20%
Monetary Assets
1.10%
Geographical breakdown
España
74.90%
Portugal
15.90%
Otros
9.20%
Sector Breakdown
Metals & Mining
12.40%
Construction & Engineering
11.20%
Energy Equipment & Services
9.00%
Industrial Conglomerates
7.90%
Paper & Forest Products
7.80%
Consumer Services
7.20%
Fund Data - Cobas Iberia FI Clase A
Fundamental Data
Registration date
Bloomberg code
COBASIA SM
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
ISIN Code
ES0119184036
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.00%
Custody fee
0.04%
TER
1.05%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase A
Fund Data - Cobas Iberia FI Clase B
Fundamental Data
Registration date
Bloomberg code
COBASBB SM
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
ISIN Code
ES0119184028
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.25%
Custody fee
0.04%
TER
1.30%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase B
Fund Data - Cobas Iberia FI Clase C
Fundamental Data
Registration date
Bloomberg code
COBASIB SM
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
ISIN Code
ES0119184002
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.50%
Custody fee
0.04%
TER
1.55%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase C
Fund Data - Cobas Iberia FI Clase D
Fundamental Data
Registration date
Bloomberg code
COBASBD SM
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
ISIN Code
ES0119184010
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.75%
Custody fee
0.04%
TER
1.80%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
