Our fees

Luxembourg funds

Cobas Asset Management is a Collective Investment Scheme management company licensed by the CNMV, Spain’s securities market regulator, under number 251 (Francia, Reino Unido and Luxemburgo) and under number 231 (España, Alemania and Suiza), with registered office in Madrid, Paseo de la Castellana, 53, P.C. 28046 and registered in the Madrid Companies Registry at Volume 35511, Folio 141, Section 8, Page M-638272. Its Tax Identification Number (CIF) is A87722377. You are about to access a website exclusively for people resident in Spain or who access the website from Spain.</p>

This website is only intended to provide information about Cobas AM and its products authorised for marketing in Spain. None of the information contained in this website constitutes an offer by Cobas AM to buy or sell financial instruments or to provide investment advice.

The Collective Investment Schemes listed here and managed or advised by Cobas AM are registered with the Comisión Nacional del Mercado de Valores, Spain’s securities market regulator.

Prior to the subscription or purchase of shares, a copy of the Key Investor Information Document (KIID) and the latest half-yearly report will be delivered and, upon request, the full prospectus and the latest annual and quarterly reports published and available at the CNMV, at Paseo de la Castellana, 53, and on the website www.cobasam.com.

In no case is registration with other supervisory authorities guaranteed. Past performance does not imply or guarantee future performance and the products included herein carry or may carry, among others, risks of fluctuations in interest rates, market prices, exchange rates, financial assets or indices.

Cobas AM states that the information on the products contained in this website is provided for information purposes only and offers a general presentation of its products and services. This information is subject to change and may be updated by Cobas AM without notice at any time.

Your access to this website is subject to compliance with current Spanish legislation and the “legal notices / general terms and conditions of access to the website”.

By choosing to access our website, you acknowledge that you have read and agree to the terms and conditions. In your own interests, we recommend that you read them carefully.

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Innovative Fee Structure: Commitment and Shared Value at Cobas AM

Committed to our participants

Promoting Loyalty and Commitment

We firmly believe in the importance of rewarding the trust and loyalty of our investors. Therefore, we have implemented a fee structure that favors those participants who remain faithful to our long-term strategy. By reducing management fees based on tenure, we not only recognize the commitment of our investors, but also drive a more beneficial environment for better long-term returns.

Creating shared value

A disruptive fee structure that reflects our focus on creating shared value and treating our co-investors with the respect they deserve for trusting us. At Cobas AM, we ensure that all our investors enjoy a fair price, regardless of the capital they have contributed. With this model, participants can benefit from the progressive reduction of fees by maintaining at least 100 euros in our variable income funds, allowing everyone to access a structure that enhances the sustainable growth of their savings.

SUMMARY TABLE OF THE NEW SCHEME

FUNDS

Name	New unitholder Class D	3 years Class C	5 years Class B	7 years Class A
Selección FI	1.75%	1.50%	1.25%	1.00%
Internacional FI	1.75%	1.50%	1.25%	1.00%
Iberia FI	1.75%	1.50%	1.25%	1.00%
Grandes Compañías FI	1.00%	0.95%	0.85%	0.75%
Renta FI	0,25%	0,25%	0,25%	0,25%
Concentrados FIL	1,75%	1,50%	1,25%	1,00%

Notes

1. All investors with at least €100 on 31-12-2020 will be upgraded to Class C on 01-01-2021. 2. All investors who have spent 5 years old with us from 03-02-2022 will be upgraded to Class B. 3. All investors who have spent 7 years old with us 03-02-2024 will be upgraded to Class A.

PENSION PLANS

	Dates of application New Fee Structure
		03 Feb 2022	03 Feb 2024
Global PP	1.50%	1.25%	1.00%
Mixto Global PP	1.25%	1.00%	0.75%

Note

Applicable to all participants regardless of their seniority in the suscribed plan.

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