Cobas Renta 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.
The fund will invest up to 15% of total exposure in equities and the rest in fixed-income (including deposits and cash-like money market instruments, whether listed or otherwise).
Most of the fixed-income securities will be issued by sovereign issuers, but also some private issuers, based in the European Union and issuing on EU markets.
The average duration of the fixed-income portfolio will be less than 2 years, and the maximum maturity of fixed-income assets may not exceed 6 years.
Equities may be issued and listed in any country, including emerging countries, and may belong to companies of any size of market cap.
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.
Cobas Renta FI
117.145182 €
Net Asset Value
-0.05%
Daily Return
7.38%
YTD
2.09%
Annualized Return
Liquidative Date: 29-10-2024
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. The management takes as a reference, for purely comparative purposes, the €STR.
Cobas Renta FI
17.15%
Since Inception0.57%
1 month2.68%
6 months9.68%
1 year
Since Inception
1 month
6 months
1 year
Liquidative Date: 29-10-2024
| Fund | Benchmark | |
|---|---|---|
| 2018 | -8.67% | -0,45% |
| 2019 | 5.19% | -0,48% |
| 2020 | -5.10% | -0,55% |
| 2021 | 7.73% | -0,57% |
| 2022 | 3.89% | -0,02% |
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 management takes as a reference, for purely comparative purposes, the €STR.
Fund breakdown
Asset class breakdown
Monetary Assets
68.50%
Fixed Income
16.60%
Equity
14.70%
Tesorería
0.20%
Geographical breakdown
Eurozone
77.20%
Estados Unidos
16.50%
Resto de Europa
5.30%
Asia
1.00%
Otros
0.20%
Sector Breakdown
Government
40.50%
Oil & Gas Exploration & Products
13.40%
Oil & Gas Storage & Transportations
5.00%
Energy Equipment & Services
2.80%
Pharmaceuticals, Biotechnology
2.70%
Transportation
1.40%
Fund Data - Cobas Renta FI
Fundamental Data
Registration date
Bloomberg code
COBASRE 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
ES0119207001
CNMV registration code
5132
Fund Profile
Currency
EUR
Fund type
Legal form
UCIT V
Investment style
Value
Morningstar category
Mixto Defensivo
Asset manager(s)
Francisco García Paramés
Investment Profile
Minimum initial investment
100.00€
Minimum additional investment
100.00€
Management fee
0.25%
Custody fee
0.029%
TER
0.33%
Net asset value
Diario
Redemption fee
n.d.
Assets under management
