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

98.580000 €

Net Asset Value

0.56%

Daily Return

-3.66%

YTD

-0.50%

Annualized Return

Liquidative Date: 30-9-2022

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

-1.42%

Since Inception

-10.84%

1 month

-14.19%

6 months

-4.20%

1 year
Since Inception
1 month
6 months
1 year

Liquidative Date: 30-9-2022

Fund
2017 -
2018 -
2019 1,40%
2020 -23,66%
2021 3,86%

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

Renta Variable

96.29%

Liquidez

3.71%

Geographical breakdown

Zona Euro

35.41%

Resto Europa

32.36%

EEUU

25.52%

Asia

6.7%

Sector Breakdown

Transporte y almacenamiento de petróleo y gas

16%

Exploración de petróleo y gas

10.93%

Conglomerados industriales

10.21%

Equip. y servicios de energía

7.8%

Venta al por menor

7.73%

Aeroespacial y defensa

5.69%

Farmacéutico y biotecnología

5.21%

Maquinaria

4.16%

Automóviles y componentes

4.1%

Minería y metales

3.84%

Tesorería

3.71%

Transporte

3.69%

Alimentos, bebidas y tabaco

3.45%

Ingeniería y construcción

3.1%

Servicios comerciales

2.91%

Entidades financieras

1.97%

Medios y entretenimiento

1.38%

Hogar y Productos domésticos

1.35%

Equip. y servicios de salud

1.06%

Servicios de consumo

1.06%

Papelero

0.65%

Fund Data - Surnepensión Cobas 100

Fundamental Data

ISIN Code

n.d.

CNMV registration code

n.d.

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%

Other expenses

0.35%

TER

1.95%

Redemption fee

n.d.

Assets under management