Surnepensión Cobas 100
Investment philosophy
At least 80% of the assets will be invested in equities of any capitalisation and sector 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.
Surnepensión Cobas 100
117.040000 €
Net Asset Value
0.90%
Daily Return
6.60%
YTD
5.18%
Annualized Return
Liquidative Date: 13-1-2023
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.
Historic Performance
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.
Surnepensión Cobas 100
17.04%
Since Inception3.99%
1 month14.03%
6 months7.09%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 13-1-2023
| Plan | |
|---|---|
| 2018 | - |
| 2019 | 1.40% |
| 2020 | -23.66% |
| 2021 | 32.18% |
| 2022 | 7.30% |
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.
Fund breakdown
Asset class breakdown
Equity
96.29%
Liquidity
3.71%
Geographical breakdown
Eurozone
35.41%
Other Europe
32.36%
USA
25.52%
Asia
6.7%
Sector Breakdown
Oil & Gas Storage & Transportations
16.%
Oil & Gas Exploration & Products
10.93%
Industrial Conglomerates
10.21%
Energy Equipment & Services
7.8%
Retailing
7.73%
Aerospace & Defense
5.69%
Pharmaceuticals, Biotechnology
5.21%
Machinery
4.16%
Automobiles & Components
4.1%
Metals & Mining
3.84%
Cash
3.71%
Transportation
3.69%
Food, Beverage & Tobacco
3.45%
Construction & Engineering
3.1%
Consumer Services
2.91%
Diversified Financials
1.97%
Media & Entertainment
1.38%
Household & Personal Products
1.35%
Health Care Equipment & Services
1.06%
Consumer Services
1.06%
Paper & Forest Products
0.65%
Fund Data - Surnepensión Cobas 100
Fundamental Data
DGS plan code
26
DGS fund code
26
Registration date
Management company
Cobas Pensiones, SGFP, S.A
Registered office
C/ Cardenal Gardoqui 1, Bajo. 48008 Bilbao. España.
Depositary
Bankinter SA
Auditor
PFK ATTEST
Bloomberg code
n.d.
Fund Profile
Fund type
Legal form
EPSV
Investment style
Value
Morningstar category
n.d.
Currency
EUR
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
n.d.
Minimum additional investment
n.d.
Net asset value
Diario
Management fee
1.6%
Custody fee
0.35%
TER
1.95%
Redemption fee
n.d.
Assets under management
