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.

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 Inception

3.99%

1 month

14.03%

6 months

7.09%

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