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.

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 Selección FI Clase A

112.652362 €

Net Asset Value

-0.17%

Daily Return

12.65%

YTD

-

Annualized Return

Cobas Selección FI Clase B

134.290961 €

Net Asset Value

-0.17%

Daily Return

10.95%

YTD

14.42%

Annualized Return

Cobas Selección FI Clase C

121.060507 €

Net Asset Value

-0.17%

Daily Return

10.87%

YTD

2.58%

Annualized Return

Cobas Selección FI Clase D

177.733959 €

Net Asset Value

-0.17%

Daily Return

10.79%

YTD

19.17%

Annualized Return

Liquidative Date: 12-4-2024

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. The management takes as a reference, for purely comparative purposes, the Bloomberg Europe Developed Markets Large & Mid Cap Net Return Index EUR.

Cobas Selección FI Clase A

12.65%

Since Inception

6.07%

1 month

12.65%

6 months

12.65%

1 year

Cobas Selección FI Clase B

34.29%

Since Inception

6.05%

1 month

14.61%

6 months

17.92%

1 year

Cobas Selección FI Clase C

21.06%

Since Inception

6.03%

1 month

14.46%

6 months

17.61%

1 year

Cobas Selección FI Clase D

77.73%

Since Inception

6.00%

1 month

14.32%

6 months

17.31%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 12-4-2024

Class B Class C Class D Becnhmark
2018 - -29.61% - -10.67%
2019 - 12.28% - 26.17%
2020 - -22.81% - -3.62%
2021 - 32.01% 30.88% 25.22%
2022 7.45% 9.65% 9.37% -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 Net Return Index EUR.

Fund breakdown

Asset class breakdown

Equity

97.80%

Activos monetarios

1.10%

Tesorería

1.10%

Geographical breakdown

Eurozone

35.40%

Other Europe

31.70%

USA

21.00%

Asia

10.30%

Otros

1.70%

Sector Breakdown

Oil & Gas Exploration & Products

13.00%

Oil & Gas Storage & Transportations

12.50%

Industrial Conglomerates

9.50%

Automobiles & Components

7.90%

Retailing

7.80%

Energy Equipment & Services

7.30%

Fund Data - Cobas Selección FI Clase A

Fundamental Data

Registration date

Bloomberg code

COBASFA 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

ES0124037039

CNMV registration code

5075

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

0.03%

TER

1.03%

Net asset value

Diario

Redemption fee*

4%

Assets under management

*During the first 12 months of each subscription made

Fund Data - Cobas Selección FI Clase B

Fundamental Data

Registration date

Bloomberg code

COBASFB 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

ES0124037021

CNMV registration code

5075

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

*During the first 12 months of each subscription made

Fund Data - Cobas Selección FI Clase C

Fundamental Data

Registration date

Bloomberg code

COBASFI 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

ES0124037005

CNMV registration code

5075

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

*During the first 12 months of each subscription made

Fund Data - Cobas Selección FI Clase D

Fundamental Data

Registration date

Bloomberg code

COBASFD 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

ES0124037013

CNMV registration code

5075

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

*During the first 12 months of each subscription made