Cobas Concentrados FIL
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 B
122.129768 €
Net Asset Value
-2.64%
Monthly Return
7.19%
YTD
14.16%
Annualized Return
Cobas Concentrados FIL Clase C
81.829526 €
Net Asset Value
-2.66%
Monthly Return
6.90%
YTD
-3.52%
Annualized Return
Cobas Concentrados FIL Clase D
145.546850 €
Net Asset Value
-2.68%
Monthly Return
6.83%
YTD
16.74%
Annualized Return
Liquidative Date: 31-8-2023
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. The management takes as a reference, for purely comparative purposes, the MSCI World Total Net Return.
Cobas Concentrados FIL Clase B
22.13%
Since Inception-2.64%
1 month-5.03%
6 months12.38%
1 yearCobas Concentrados FIL Clase C
-18.17%
Since Inception-2.66%
1 month-5.25%
6 months11.97%
1 yearCobas Concentrados FIL Clase D
45.55%
Since Inception-2.68%
1 month-5.27%
6 months11.82%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 31-8-2023
| Clase B | Clase C | Clase D | Benchmark | |
|---|---|---|---|---|
| 2018 | - | -43.39% | - | -10.57% |
| 2019 | - | 21.23% | - | 26.05% |
| 2020 | - | -30.89% | - | -3.32% |
| 2021 | - | 36.86% | 16.20% | 25.13% |
| 2022 | 13.93% | 17.92% | 17.24% | -9,49% |
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
Equity
97.38%
Liquidity
2.62%
Geographical breakdown
Eurozone
43.59%
Other Europe
31.11%
USA
20.90%
Asia
4.40%
Sector Breakdown
Oil & Gas Storage & Transportations
18.34%
Energy Equipment & Services
14.36%
Industrial Conglomerates
13.90%
Oil & Gas Exploration & Products
6.63%
Transportation
6.30%
Machinery
5.67%
Construction & Engineering
5.64%
Metals & Mining
5.41%
Retailing
5.37%
Aerospace & Defense
5.00%
Food, Beverage & Tobacco
2.92%
Cash
2.62%
Automobiles & Components
2.35%
Consumer Services
1.79%
Pharmaceuticals, Biotechnology
1.62%
Media & Entertainment
1.47%
Consumer Services
0.61%
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
Banco Inversis 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
0.22%
TER
1.28%
Net asset value
Mensual
Redemption fee
4%
Assets under management
Fund Documentation - Cobas Concentrados FIL Clase B
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
Banco Inversis 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
0.04%
TER
1.09%
Net asset value
Mensual
Redemption fee
4%
Assets under management
Fund Documentation - Cobas Concentrados FIL Clase C
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
Banco Inversis 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
0.04%
TER
1.68%
Net asset value
Mensual
Redemption fee
4%
Assets under management
