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.

The currency risk shall 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

The management objective is to build up capital to cover the contingencies of retirement, disability in its different degrees, severe or great dependence and death of the Participant or Beneficiary, applying an investment philosophy based on value investing, selecting assets that are undervalued by the market and have a high potential for revaluation.

Cobas Global PP

111.319803 €

Net Asset Value

-0.20%

Daily Return

9.24%

YTD

1.60%

Annualized Return

Liquidative Date: 19-4-2024

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.

Cobas Global PP

11.32%

Since Inception

3.41%

1 month

15.28%

6 months

16.03%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 19-4-2024

Plan
2019 12.50%
2020 -22.53%
2021 31.99%
2022 9.73%
2023 12.71%

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.

Fund breakdown

Asset class breakdown

Equity

97.80%

Activos monetarios

1.20%

Tesorería

1.00%

Geographical breakdown

Eurozone

35.30%

Other Europe

31.60%

USA

20.90%

Asia

10.30%

Otros

1.70%

Sector Breakdown

Oil & Gas Exploration & Products

12.90%

Oil & Gas Storage & Transportations

12.50%

Industrial Conglomerates

9.50%

Automobiles & Components

7.90%

Retailing

7.80%

Energy Equipment & Services

7.30%

Fundamental Data

Bloomberg code

N5219 SM

Management company

Cobas Pensiones, SGFP, S.A

Registered office

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

Depositary

Banco Inversis SA

Auditor

Deloitte Auditores SL

DGS plan code

N5219

DGS fund code

F1633

Registration date fund

Registration date plan

Denomination fund name

Cobas Global FP

Denomination plan name

Cobas Global PP

Fund Profile

Currency

EUR

Fund type

Legal form

Fondo de pensiones

Investment style

Value

Morningstar category

RV Europa PP

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