Fund Investment philosophy

At least 80% of the assets will be invested in equities of all capitalisations and sectors of OECD issuers/markets, up to 40% of which may be invested in emerging market issuers/markets.

The remainder of the total assets will be invested in fixed income, mainly public but also private.

The average duration of the fixed income portfolio shall be less than 18 months.

Within the legally permitted limits, Cobas Empleo FP pension fund may invest in CIS managed by entities of the group to which the collective investment institution management company that manages it belongs.

The currency risk will be 0-100% of the total assets.

Derivative financial instruments, traded and not traded on organised derivatives markets, may be traded for hedging purposes, under the terms established by the legislation in force.

Management objective

To constitute a capital intended to cover the contingencies of retirement, disability in its different degrees, severe dependence or great dependence and death of the participant or beneficiary and the exceptional cases of liquidity.

Cobas Empleo 100 PPE

140.651298 €

Net Asset Value

0.86%

Daily Return

18.06%

YTD

12.07%

Annualized Return

Liquidative Date: 20-6-2024

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 vehicle does not have any reference index in its management.

Cobas Empleo 100 PPE

40.65%

Since Inception

-0.15%

1 month

18.79%

6 months

26.25%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 20-6-2024

Plan
2019 -
2020 -
2021 3.86%
2022 7.99%
2023 11.37%

Fundamental Data

Bloomberg code

COBASEM SM

Management company

Cobas Pensiones, SGFP, S.A

Registered office

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

Depositary

BNP Paribas SA

Auditor

Deloitte Auditores SL

DGS plan code

N5424

DGS fund code

F2130

Registration date fund

Registration date plan

Denomination fund name

Cobas Empleo 100 FP

Denomination plan name

Cobas Empleo 100 PP

Fund Profile

Currency

EUR

Fund type

Legal form

Fondo de pensiones

Investment style

Value

Morningstar category

n.d.

Asset manager(s)

Francisco García Paramés

Investment Profile

Minimum initial investment

100.00€

Minimum additional investment

100.00€

Management fee

1.00%

Custody fee

0.06%

Net asset value

Diario

Assets under management