Investment philosophy

The Company may invest between 0% and 10% of its net assets in financial CIS which are eligible assets, whether harmonised or not, and whether or not belonging to the Management Company’s group.

The Company may invest, either directly or indirectly through CIS, in equities, fixed income or other assets permitted by the regulations in force, with no predetermination as to the percentages of exposure in each asset class, the entire exposure being able to be in any of them.

Derivatives traded on organised derivatives markets for hedging purposes and derivatives not traded on organised derivatives markets for hedging purposes may be traded.

This is an accumulation share, i.e. the returns obtained are reinvested.

The shares of the SICAV are traded on the BME Growth.

Management objective

To obtain a satisfactory and sustained return over time with a philosophy of value investing, selecting assets that are undervalued by the market, with high appreciation potential.

Cobas Value SICAV SA

1.686572 €

Net Asset Value

-1.33%

Daily Return

16.42%

YTD

4.24%

Annualized Return

Liquidative Date: 13-6-2024

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 Company does not have any reference index in its management.

Cobas Value SICAV SA

38.16%

Since Inception

1.20%

1 month

22.02%

6 months

23.50%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 13-6-2024

SICAV
2019 11.60%
2020 -22.50%
2021 32.35%
2022 9.52%
2023 12.08%

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 Company does not have any reference index in its management.

Fund breakdown

Asset class breakdown

Equity

97.38%

Liquidity

2.64%

Geographical breakdown

Eurozone

32.68%

Other Europe

30.83%

USA

27.91%

Asia

8.60%

Sector Breakdown

Oil & Gas Storage & Transportations

17.83%

Oil & Gas Exploration & Products

11.04%

Industrial Conglomerates

10.79%

Energy Equipment & Services

7.53%

Retailing

7.48%

Aerospace & Defense

5.46%

Pharmaceuticals, Biotechnology

4.93%

Machinery

4.00%

Automobiles & Components

3.97%

Metals & Mining

3.67%

Transportation

3.52%

Food, Beverage & Tobacco

3.16%

Construction & Engineering

2.98%

Consumer Services

2.78%

Cash

2.64%

Diversified Financials

1.90%

Media & Entertainment

1.36%

Household & Personal Products

1.31%

Technology Hardware & Equipment

1.08%

Health Care Equipment & Services

1.03%

Consumer Services

0.94%

Paper & Forest Products

0.62%

Fund Data - Cobas Value SICAV SA

Fundamental Data

Registration date

Bloomberg code

n.d.

Management company

Cobas Asset Management SGIIC SA

Registered office

Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.

Depositary

Banco Inversis SA

Auditor

Quorum Auditores y Consultores, S. L. P.

ISIN Code

ES0155441035

CNMV registration code

2482

NIF

A83161661

Fund Profile

Currency

EUR

Fund type

Legal form

n.d.

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

n.d.

Minimum additional investment

n.d.

Management fee

1.25%

Custody fee

0.41%

TER

1.66%

Net asset value

Diario

Redemption fee

n.d.

Assets under management