Surnepensión Cobas 50/50
Investment philosophy
It will invest between 30% and 55% of the assets in equities and the remainder in fixed income assets.
It will invest in equities of all capitalisations and sectors, mainly in OECD issuers/markets, with up to 40% of the total equity exposure to emerging market issuers/markets.
Fixed income will be mainly public but also private.
Currency risk will be 0-50% of total assets.
Derivative financial instruments, traded and not traded on organised derivatives markets, may be used for hedging purposes, in accordance with 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 50/50
105.190000 €
Net Asset Value
0.58%
Daily Return
3.91%
YTD
1.65%
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 50/50
5.19%
Since Inception1.91%
1 month5.14%
6 months-1.29%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 13-1-2023
| Plan | |
|---|---|
| 2018 | - |
| 2019 | 0,00% |
| 2020 | -10,89% |
| 2021 | 15,17% |
| 2022 | -1,36% |
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
53.32%
Fixed Income
44.11%
Liquidity
2.57%
Geographical breakdown
Eurozone
63.74%
Other Europe
17.44%
USA
15.27%
Asia
3.55%
Sector Breakdown
Government
24.97%
Energy Equipment & Services
15.31%
Oil & Gas Storage & Transportations
10.04%
Oil & Gas Exploration & Products
5.86%
Industrial Conglomerates
5.53%
Diversified Financials
5.12%
Retailing
4.16%
Telecommunication Services
4.03%
Aerospace & Defense
3.05%
Pharmaceuticals, Biotechnology
2.83%
Cash
2.57%
Machinery
2.25%
Automobiles & Components
2.24%
Metals & Mining
2.07%
Transportation
2.%
Food, Beverage & Tobacco
1.85%
Construction & Engineering
1.68%
Consumer Services
1.55%
Media & Entertainment
0.75%
Household & Personal Products
0.67%
Consumer Services
0.55%
Health Care Equipment & Services
0.54%
Paper & Forest Products
0.35%
Fund Data - Surnepensión Cobas 50/50
Fundamental Data
DGS plan code
25
DGS fund code
25
Registration date
Management company
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
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 / Surne Mutua de Seguros y Seguros a Prima Fija
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
