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

110.152657 €

Net Asset Value

1.03%

Daily Return

10.15%

YTD

-

Annualized Return

Cobas Iberia FI Clase B

134.187589 €

Net Asset Value

1.03%

Daily Return

7.27%

YTD

14.17%

Annualized Return

Cobas Iberia FI Clase C

130.752189 €

Net Asset Value

1.03%

Daily Return

7.18%

YTD

3.82%

Annualized Return

Cobas Iberia FI Clase D

154.985405 €

Net Asset Value

1.03%

Daily Return

7.10%

YTD

14.16%

Annualized Return

Liquidative Date: 23-4-2024

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.

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

10.15%

Since Inception

6.18%

1 month

10.15%

6 months

10.15%

1 year

Cobas Iberia FI Clase B

34.19%

Since Inception

6.15%

1 month

17.20%

6 months

20.34%

1 year

Cobas Iberia FI Clase C

30.75%

Since Inception

6.13%

1 month

17.06%

6 months

20.04%

1 year

Cobas Iberia FI Clase D

54.99%

Since Inception

6.11%

1 month

16.91%

6 months

19.74%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 23-4-2024

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 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 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 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