Cobas Iberia FI
Investment philosophy
A boutique fund closely tied to the fund manager, Francisco García Paramés, whose replacement would lead to a change in investment policy.
At least 75% of total exposure will be invested in equities, at any level of capitalisation and in any issuer sector/market of Spain and Portugal.
The non-equities portion will be invested in fixed-income assets, generally euro area sovereign issuers. The average duration of the fixed-income portfolio will be less than 18 months.
Foreign exchange risk will not exceed 25% of total exposure.
Management objective
The management objective is to achieve satisfactory and sustained performance by applying a value investing philosophy, which identifies assets that are undervalued by the market but have a high upside.
This fund may be unsuitable for investors who expect to withdraw their money within five years or less.
Cobas Iberia FI Clase A
113.442963 €
Net Asset Value
-0.39%
Daily Return
13.44%
YTD
-
Annualized Return
Cobas Iberia FI Clase B
137.985082 €
Net Asset Value
-0.39%
Daily Return
10.30%
YTD
12.05%
Annualized Return
Cobas Iberia FI Clase C
134.248161 €
Net Asset Value
-0.39%
Daily Return
10.05%
YTD
3.87%
Annualized Return
Cobas Iberia FI Clase D
158.886847 €
Net Asset Value
-0.39%
Daily Return
9.80%
YTD
12.60%
Annualized Return
Liquidative Date: 2-12-2024
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.
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. Management takes as a reference, for purely comparative purposes, a synthetic index weighted between the IGBM Total 80% y PSI 20 Total Return 20%
Cobas Iberia FI Clase A
13.44%
Since Inception-2.65%
1 month-6.02%
6 months13.44%
1 yearCobas Iberia FI Clase B
37.99%
Since Inception-2.67%
1 month-6.14%
6 months10.89%
1 yearCobas Iberia FI Clase C
34.25%
Since Inception-2.69%
1 month-6.26%
6 months10.61%
1 yearCobas Iberia FI Clase D
58.89%
Since Inception-2.71%
1 month-6.37%
6 months10.33%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 2-12-2024
| Class B | Class C | Class D | Benchmark | |
|---|---|---|---|---|
| 2018 | - | -14.11% | - | - |
| 2019 | - | 6.56% | - | - |
| 2020 | - | -21.58% | - | - |
| 2021 | - | 20.93% | 14.03% | 7.18% |
| 2022 | 1.68% | 3.92% | 3.67% | 0.93% |
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. Management takes as a reference, for purely comparative purposes, a synthetic index weighted between the IGBM Total 80% y PSI 20 Total Return 20%
Fund breakdown
Asset class breakdown
Equity
97.90%
Fixed Income
1.70%
Tesorería
0.40%
Geographical breakdown
España
80.20%
Otros
0.40%
Portugal
9.40%
Sector Breakdown
Metals & Mining
16.50%
Energy Equipment & Services
11.70%
Construction & Engineering
7.90%
Pharmaceuticals, Biotechnology
6.90%
Paper & Forest Products
6.90%
Transportation
5.50%
Fund Data - Cobas Iberia FI Clase A
Fundamental Data
Registration date
Bloomberg code
COBASIA SM
Management company
Cobas Asset Management SGIIC SA
Registered office
Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.
Depositary
BNP Paribas SA
Auditor
Deloitte Auditores SL
ISIN Code
ES0119184036
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.00%
Custody fee
0.029%
TER
1.05%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase A
Fund Data - Cobas Iberia FI Clase B
Fundamental Data
Registration date
Bloomberg code
COBASBB SM
Management company
Cobas Asset Management SGIIC SA
Registered office
Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.
Depositary
BNP Paribas SA
Auditor
Deloitte Auditores SL
ISIN Code
ES0119184028
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.25%
Custody fee
0.029%
TER
1.30%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase B
Fund Data - Cobas Iberia FI Clase C
Fundamental Data
Registration date
Bloomberg code
COBASIB SM
Management company
Cobas Asset Management SGIIC SA
Registered office
Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.
Depositary
BNP Paribas SA
Auditor
Deloitte Auditores SL
ISIN Code
ES0119184002
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.50%
Custody fee
0.029%
TER
1.55%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase C
Fund Data - Cobas Iberia FI Clase D
Fundamental Data
Registration date
Bloomberg code
COBASBD SM
Management company
Cobas Asset Management SGIIC SA
Registered office
Paseo de la Castellana 53. Segunda planta. 28046 Madrid. España.
Depositary
BNP Paribas SA
Auditor
Deloitte Auditores SL
ISIN Code
ES0119184010
CNMV registration code
5131
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
RV España
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
1.75%
Custody fee
0.029%
TER
1.80%
Net asset value
Diario
Redemption fee*
4%
Assets under management
*During the first 12 months of each subscription made
Fund Documentation - Cobas Iberia FI Clase D
Learn about the fee structure of Cobas Iberia FI
Learn about the fee structure of Cobas Iberia FI
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.
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.
