Investment philosophy

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

More than 75% of total exposure will be invested in equities.

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 seven years or less.

Cobas Concentrados FIL Clase A

129.280434 €

Net Asset Value

8.28%

Monthly Return

29.28%

YTD

-

Annualized Return

Cobas Concentrados FIL Clase B

162.319689 €

Net Asset Value

8.26%

Monthly Return

25.92%

YTD

23.93%

Annualized Return

Cobas Concentrados FIL Clase C

108.554277 €

Net Asset Value

8.24%

Monthly Return

25.78%

YTD

1.30%

Annualized Return

Cobas Concentrados FIL Clase D

192.718797 €

Net Asset Value

8.22%

Monthly Return

25.65%

YTD

22.97%

Annualized Return

Liquidative Date: 31-5-2024

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.

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 Bloomberg Europe Developed Markets Large & Mid Cap Net Return Index.

Cobas Concentrados FIL Clase A

29.28%

Since Inception

8.28%

1 month

29.28%

6 months

29.28%

1 year

Cobas Concentrados FIL Clase B

62.32%

Since Inception

8.26%

1 month

32.36%

6 months

42.55%

1 year

Cobas Concentrados FIL Clase C

8.55%

Since Inception

8.24%

1 month

32.20%

6 months

42.19%

1 year

Cobas Concentrados FIL Clase D

92.72%

Since Inception

8.22%

1 month

32.03%

6 months

41.83%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 31-5-2024

Clase B Clase C Clase D Benchmark
2019 - 21.23% - 26.17%
2020 - -30.89% - -3.62%
2021 - 36.86% 16.20% 25.22%
2022 13.93% 17.92% 17.24% -9.62%
2023 13.15% 12.74% 12.58% 15.76%

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 Bloomberg Europe Developed Markets Large & Mid Cap Net Return Index.

Fund breakdown

Geographical breakdown

Other Europe

39.90%

Eurozone

36.10%

USA

21.90%

Asia

2.10%

Sector Breakdown

Oil & Gas Storage & Transportations

18.70%

Metals & Mining

14.20%

Oil & Gas Exploration & Products

11.70%

Energy Equipment & Services

10.50%

Industrial Conglomerates

10.40%

Construction & Engineering

6.40%

Fund Data - Cobas Concentrados FIL Clase A

Fundamental Data

Registration date

Bloomberg code

COBASCA SM

Management company

Cobas Asset Management SGIIC SA

Registered office

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

Depositary

BNP Paribas SA

Auditor

Deloitte Auditores SL

ISIN Code

ES0119166033

CNMV registration code

64

Fund Profile

Currency

EUR

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100,000.00€

Minimum additional investment

20,000.00€

Management fee

1.00%

Custody fee

0.029%

TER

1.28%

Net asset value

Mensual

Redemption fee*

4%

Assets under management

*Refunded shares older than one year and less than 2 years old

Fund Data - Cobas Concentrados FIL Clase B

Fundamental Data

Registration date

Bloomberg code

COBASCB SM

Management company

Cobas Asset Management SGIIC SA

Registered office

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

Depositary

BNP Paribas SA

Auditor

Deloitte Auditores SL

ISIN Code

ES0119166025

CNMV registration code

64

Fund Profile

Currency

EUR

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100,000.00€

Minimum additional investment

20,000.00€

Management fee

1.25%

Custody fee

0.029%

TER

1.28%

Net asset value

Mensual

Redemption fee*

4%

Assets under management

*Refunded shares older than one year and less than 2 years old

Fund Data - Cobas Concentrados FIL Clase C

Fundamental Data

Registration date

Bloomberg code

COBASCO SM

Management company

Cobas Asset Management SGIIC SA

Registered office

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

Depositary

BNP Paribas SA

Auditor

Deloitte Auditores SL

ISIN Code

ES0119166009

CNMV registration code

64

Fund Profile

Currency

EUR

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100,000.00€

Minimum additional investment

20,000.00€

Management fee

1.50%

Custody fee

0.029%

TER

1.09%

Net asset value

Mensual

Redemption fee*

4%

Assets under management

*Refunded shares older than one year and less than 2 years old

Fund Data - Cobas Concentrados FIL Clase D

Fundamental Data

Registration date

Bloomberg code

COBASCD SM

Management company

Cobas Asset Management SGIIC SA

Registered office

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

Depositary

BNP Paribas SA

Auditor

Deloitte Auditores SL

ISIN Code

ES0119166017

CNMV registration code

64

Fund Profile

Currency

EUR

Fund type

Legal form

F.I.L.

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100,000.00€

Minimum additional investment

20,000.00€

Management fee

1.75%

Custody fee

0.029%

TER

1.68%

Net asset value

Mensual

Redemption fee*

4%

Assets under management

*Refunded shares older than one year and less than 2 years old