Fund 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

144.526946 €

Net Asset Value

-1.24%

Daily Return

16.95%

YTD

8.47%

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 vehicle does not have any reference index in its management.

Surnepensión Cobas 100

44.53%

Since Inception

1.10%

1 month

23.15%

6 months

25.15%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 13-6-2024

Plan
2019 1.40%
2020 -23.66%
2021 32.18%
2022 7.30%
2023 12.66%

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 Data - Surnepensión Cobas 100

Fundamental Data

Registration date

Bloomberg code

n.d.

Management company

Cobas Pensiones, SGFP, S.A / Surne Mutua de Seguros y Seguros a Prima Fija

Registered office

C/ Cardenal Gardoqui 1, Bajo. 48008 Bilbao. España.

Depositary

Bankinter SA

Auditor

PFK ATTEST

Plan code

26

EPSV code

151-V

Fund Profile

Currency

EUR

Fund type

Legal form

EPSV

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

1.50%

Custody fee

0.35%

Net asset value

Diario

Assets under management