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.

At least 70% of exposure to equities will be to international large cap corporations, having a market cap of at least €4 billion. The rest may be small and mid-cap companies.

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 Grandes Compañías FI Clase B

106.461993 €

Net Asset Value

-0.37%

Daily Return

0.29%

YTD

3.51%

Annualized Return

Cobas Grandes Compañías FI Clase C

91.948156 €

Net Asset Value

-0.37%

Daily Return

0.20%

YTD

-1.24%

Annualized Return

Cobas Grandes Compañías FI Clase D

128.018992 €

Net Asset Value

-0.37%

Daily Return

0.15%

YTD

8.88%

Annualized Return

Liquidative Date: 28-11-2023

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.

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 Developed Markets Large & Mid Cap Net Return Index.

Cobas Grandes Compañías FI Clase B

6.46%

Since Inception

2.92%

1 month

-0.62%

6 months

-1.93%

1 year

Cobas Grandes Compañías FI Clase C

-8.05%

Since Inception

2.91%

1 month

-0.67%

6 months

-2.03%

1 year

Cobas Grandes Compañías FI Clase D

28.02%

Since Inception

2.90%

1 month

-0.70%

6 months

-2.08%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 28-11-2023

Class B Class C Class D Benchmark
2018 - -30.87% - -4.25%
2019 - 10.93% - 30.15%
2020 - -17.70% - 6.07%
2021 - 23.56% 15.06% 30.77%
2022 6.16% 11.20% 11.10% -12.89%

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 Developed Markets Large & Mid Cap Net Return Index.

Fund breakdown

Asset class breakdown

Equity

96.70%

Liquidity

3.33%

Geographical breakdown

USA

37.80%

Eurozone

34.39%

Asia

16.46%

Other Europe

11.38%

Sector Breakdown

Automobiles & Components

15.74%

Pharmaceuticals, Biotechnology

12.99%

Industrial Conglomerates

12.88%

Oil & Gas Storage & Transportations

12.76%

Energy Equipment & Services

6.49%

Health Care Equipment & Services

6.21%

Oil & Gas Exploration & Products

5.01%

Diversified Financials

4.33%

Retailing

4.29%

Telecommunication Services

3.52%

Cash

3.33%

Aerospace & Defense

2.94%

Food, Beverage & Tobacco

2.27%

Construction & Engineering

2.21%

Chemicals

1.47%

Materials

1.35%

Transportation

1.07%

Oil, Gas & Consumable Fuels

0.73%

Technology Hardware & Equipment

0.44%

Fund Data - Cobas Grandes Compañías FI Clase B

Fundamental Data

Registration date

Bloomberg code

COBASLB 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

ES0113728028

CNMV registration code

5129

Fund Profile

Currency

EUR

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Management fee

0.85%

Custody fee

0.03%

TER

0.88%

Net asset value

Diario

Redemption fee

4%

Assets under management

Fund Data - Cobas Grandes Compañías FI Clase C

Fundamental Data

Registration date

Bloomberg code

COBASLC 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

ES0113728002

CNMV registration code

5129

Fund Profile

Currency

EUR

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Management fee

0.95%

Custody fee

0.03%

TER

0.98%

Net asset value

Diario

Redemption fee

4%

Assets under management

Fund Data - Cobas Grandes Compañías FI Clase D

Fundamental Data

Registration date

Bloomberg code

COBASGD 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

ES0113728010

CNMV registration code

5129

Fund Profile

Currency

EUR

Fund type

Legal form

UCIT V

Investment style

Value

Morningstar category

RV Europa Cap. Flexible

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Management fee

1.00%

Custody fee

0.02%

TER

1.02%

Net asset value

Diario

Redemption fee

4%

Assets under management