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 equities, at any capitalisation level and in any issuer sector/OECD market (except Spain and Portugal). Up to 40% of total exposure may be invested in emerging country issuers/markets.

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 Internacional FI Clase B

115.365734 €

Net Asset Value

-0.10%

Daily Return

6.35%

YTD

8.21%

Annualized Return

Cobas Internacional FI Clase C

100.606697 €

Net Asset Value

-0.10%

Daily Return

6.10%

YTD

0.09%

Annualized Return

Cobas Internacional FI Clase D

155.969025 €

Net Asset Value

-0.10%

Daily Return

5.86%

YTD

16.56%

Annualized Return

Liquidative Date: 27-11-2023

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 Europe Developed Markets Large & Mid Cap Price Return Index.

Cobas Internacional FI Clase B

15.37%

Since Inception

3.28%

1 month

3.32%

6 months

0.56%

1 year

Cobas Internacional FI Clase C

0.61%

Since Inception

3.26%

1 month

3.18%

6 months

0.30%

1 year

Cobas Internacional FI Clase D

55.97%

Since Inception

3.24%

1 month

3.05%

6 months

0.05%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 27-11-2023

Class B Class C Class D Benchmark
2018 - -31.42% - -10.67%
2019 - 13.37% - 26.17%
2020 - -22.66% - -3.62%
2021 - 34.53% 33.29% 25.22%
2022 8.48% 10.84% 10.55% -9.62%

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 Price Return Index.

Fund breakdown

Asset class breakdown

Equity

97.76%

Liquidity

2.23%

Geographical breakdown

Other Europe

34.75%

USA

32.08%

Eurozone

23.29%

Asia

9.87%

Sector Breakdown

Oil & Gas Storage & Transportations

20.56%

Oil & Gas Exploration & Products

12.58%

Industrial Conglomerates

10.05%

Retailing

8.53%

Energy Equipment & Services

6.40%

Aerospace & Defense

6.21%

Pharmaceuticals, Biotechnology

5.71%

Machinery

4.61%

Automobiles & Components

4.56%

Transportation

4.06%

Food, Beverage & Tobacco

3.65%

Metals & Mining

3.58%

Cash

2.23%

Diversified Financials

2.18%

Household & Personal Products

1.53%

Technology Hardware & Equipment

1.25%

Health Care Equipment & Services

1.17%

Consumer Services

1.13%

Fund Data - Cobas Internacional FI Clase B

Fundamental Data

Registration date

Bloomberg code

COBASNB

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

ES0119199026

CNMV registration code

5130

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

1.25%

Custody fee

0.03%

TER

1.28%

Net asset value

Diario

Redemption fee

4%

Assets under management

Fund Data - Cobas Internacional FI Clase C

Fundamental Data

Registration date

Bloomberg code

COBASIN 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

ES0119199000

CNMV registration code

5130

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

1.50%

Custody fee

0.03%

TER

1.53%

Net asset value

Diario

Redemption fee

4%

Assets under management

Fund Data - Cobas Internacional FI Clase D

Fundamental Data

Registration date

Bloomberg code

COCIFDE 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

ES0119199018

CNMV registration code

5130

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

1.75%

Custody fee

0.03%

TER

1.79%

Net asset value

Diario

Redemption fee

4%

Assets under management