Azvalor Capital FI

Califications

★★★★

Azvalor Capital FI invests more than 90% of the total exposure in public/private fixed income (including listed or unlisted, liquid money market instruments), and the remainder in equities of any capitalization and sector, from issuers/markets mainly OECD (preferably euro zone), with the possibility of investing up to 40% of the total exposure in emerging issuers/markets.

Exposure to currency risk will be 0-100% of total exposure.

The objective is to seek a satisfactory return by investing in assets undervalued by the market, with high appreciation potential in the manager’s opinion.

At the date of purchase, the issues will have high credit quality (minimum rating A-) or medium (between BBB+ and BBB-) or, if lower, the rating of the Kingdom of Spain at any given time, and up to 40% of the total exposure may be invested in low credit quality (below BBB-) or unrated. The average duration of the fixed income portfolio will be less than 2 years.

Managers

Álvaro Guzmán de Lázaro, CFA CEO and Co-director of Investment

Fernando Bernad, CFA Co-director of Investment

Files and downloads

Morningstar report

Full brochure

Simplified brochure (PRIIP)

Timeline of Net Asset Value

Performance

0.2%

Since Inception to 03/12/2024

0.0 %

annualized return

100.2 €

Net asset value

0.1 %

day change

YTD

0.8 %

2023

4.3 %

2022

2.4 %

2021

4.2 %

2020

-3.5 %

2019

-1.4 %

2018

-4.6 %

Since inception

0.2 %

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE

Fact sheet

ISIN
ES0112601002

Fund category
Euro Fixed Mixed Income

CNMV REGISTRATION DATE
23/10/2015

MINIMUM SUBSCRIPTION
€5,000 (€500 under 23 years old)

Management fee
0.5% per annum

BENCHMARK. EVOLUTION OF 100€ INVESTED

Benchmark: EONIA Index 90% (the part invested in fixed income) and the MSCI Europe Total Return Net index 10% (the part invested in variable income)

The EONIA index is the valid one-day interbank Euro interest rate. The MSCI Europe Total Return Net is comprised of more than 400 companies representing the stock exchanges of European countries including the United Kingdom, Nordic countries and Switzerland and takes into consideration the reinvestment of net tax dividends.