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 B
112.980285 €
Net Asset Value
-0.18%
Daily Return
11.12%
YTD
9.70%
Annualized Return
Cobas Iberia FI Clase C
110.336770 €
Net Asset Value
-0.18%
Daily Return
11.01%
YTD
1.59%
Annualized Return
Cobas Iberia FI Clase D
131.082001 €
Net Asset Value
-0.18%
Daily Return
10.90%
YTD
11.89%
Annualized Return
Liquidative Date: 29-5-2023
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. Management takes as a reference, for purely comparative purposes, a synthetic index weighted between the ITGBM (80%) and the PSI TR (20%)
Cobas Iberia FI Clase B
12.98%
Since Inception1.88%
1 month11.03%
6 months0.76%
1 yearCobas Iberia FI Clase C
10.34%
Since Inception1.86%
1 month10.89%
6 months0.50%
1 yearCobas Iberia FI Clase D
31.08%
Since Inception1.83%
1 month10.76%
6 months0.25%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 29-5-2023
| 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 ITGBM (80%) and the PSI TR (20%)
Fund breakdown
Asset class breakdown
Equity
97.22%
Liquidity
2.78%
Geographical breakdown
España
76.7%
Portugal
18.9%
Liquidez
2.78%
Otros
4.4%
Sector Breakdown
Construction & Engineering
14.09%
Industrial Conglomerates
9.13%
Media & Entertainment
9.12%
Transportation
9.06%
Metals & Mining
8.38%
Paper & Forest Products
7.97%
Energy Equipment & Services
7.64%
Consumer Services
6.01%
Consumer Services
5.9%
Inmobiliario
4.65%
Seguros
3.21%
Cash
2.78%
Pharmaceuticals, Biotechnology
2.66%
Software y servicios
2.16%
Automobiles & Components
1.99%
Health Care Equipment & Services
1.74%
Oil & Gas Exploration & Products
1.7%
Telecommunication Services
1.23%
Oil, Gas & Consumable Fuels
0.58%
Fund Data - Cobas Iberia FI Clase B
Fundamental Data
ISIN Code
ES0119184028
CNMV registration code
5131
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
COBASBB SM
Fund Profile
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Currency
EUR
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100€
Minimum additional investment
100€
Net asset value
Diario
Management fee
1.25%
Custody fee
0.04%
TER
1.53%
Redemption fee
4%
Assets under management
Fund Documentation - Cobas Iberia FI Clase B
Fund Data - Cobas Iberia FI Clase C
Fundamental Data
ISIN Code
ES0119184002
CNMV registration code
5131
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
COBASIB SM
Fund Profile
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Currency
EUR
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100€
Minimum additional investment
100€
Net asset value
Diario
Management fee
1.5%
Custody fee
0.04%
TER
1.79%
Redemption fee
4%
Assets under management
Fund Documentation - Cobas Iberia FI Clase C
Fund Data - Cobas Iberia FI Clase D
Fundamental Data
ISIN Code
ES0119184010
CNMV registration code
5131
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
COBASBD SM
Fund Profile
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Currency
EUR
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100€
Minimum additional investment
100€
Net asset value
Diario
Management fee
1.75%
Custody fee
0.04%
TER
2.03%
Redemption fee
4%
Assets under management
