Become a client
Become a client

Our funds

Cartesio Equity

Check previous reports

Why do we recommend you read the fund's monthly report?

El informe mensual es nuestra principal forma de comunicación con los clientes. El informe mensual proporciona información detallada sobre las inversiones del fondo y te ayuda a entender su posible comportamiento futuro. Incluye detalles sobre la composición de la cartera, la distribución de activos, la rentabilidad y la volatilidad históricas, además de un breve comentario sobre la evolución del fondo, los mercados y nuestra estrategia a futuro.

Morningstar Medalist Rating

Morningstar Rating

3 years
stars
5 years
stars
10 years
stars
Total
stars

Lipper Leader rating

stars
Total return
stars
Consistent return
stars
Preservation
stars
Expense

The Morningstar and Lipper ratings correspond to Cartesio Y

Summary
What we invest in
Cumulative returns
Fund information sheet
Documentation
FAQs
Investment objective
The non-guaranteed objective is long-term real capital appreciation. The fund seeks to outperform the risk/return profile of the MSCI Europe Net Total Return Index. Willingness to forgo returns in an effort to provide adequate capital protection.
*Represented by the MSCI Europe Net Total Return Index
Asset allocation and stock selection

Total flexibility in asset allocation between equities and liquidity. Invests mainly in European equities in a small number of securities.

%
Return since inception
(Desde 31/03/2004;
Cartesio Y until June 2009

%
Annualized return since inception
(Desde 31/03/2004;
Cartesio Y until June 2009

11,2%
Volatility since inception
(Desde 31/03/2004;
Cartesio Y until June 2009

%

YTD Performance

€
Latest net asset value (Class R)

6.000 €
Minimum investment

1,55%
Management fee (Class R)
115 M€
Fund assets


What we invest in

A 30 de Junio 2025

Asset allocation

Equity sector allocation




Cumulative Return

Since inception

(March 31, 2004)

%
1 year
%
3 years
%
5 years
%
10 years
%
20th anniversary
%

YTD

%

The figures shown refer to the past and are not a reliable indicator of future performance.

Investment risks. Market risk exists simply by virtue of investing in any type of asset. Asset prices depend heavily on the performance of financial markets, as well as the economic conditions of the issuers. The fund's investments may involve equity risk, credit risk, interest rate risk, foreign exchange risk, and geographic or sectoral concentration risk.
For complete fund information, you can consult the explanatory prospectus, the key investor information document and the latest periodic reports available on our website and on www.cnmv.es www.cnmv.es



Fund information sheet

Fund characteristics

Management fee
1.5% of assets under management (Class I and Class R) 0.9% of assets under management (Class Z)
Performance fee (Class Z only)
7.5% annual positive return, with a 5-year period to recover losses before the performance fee is charged
Subscription fee and redemption fee
0%
Custody fee
0,046%
Minimum initial and additional investment
€6,000 (initial) and €1,000 (additional)
Minimum recommended holding period
5 years
Morningstar Category
Mixto Flexible EUR
Currency
EUR (€)
Fund managers
Cartesio Management Team

General data

Fund inception date
30 June 2009
ISIN Code
LU1966822444 (Class I) LU1966822527 (Class R) LU1725678517 (Class Z)
IBAN
ES33 0144 0001 31 0000053241
Custodian
BNP Paribas Security Services
Auditor
Deloitte
Bloomberg Ticker
CARTEQI LX (Class I) CARTEQR LX (Class R) CARTEQZ LX (Class Z)


Frequently Asked Questions

Which fund should I choose?

Cartesio only offers two funds. Cartesio X is the more conservative fund, with less volatility and probably lower long-term returns. Cartesio Y is a moderate/high risk fund that has offered higher returns in the past but with greater volatility.

Why does Cartesio only offer two funds when my bank offers dozens or hundreds?

Although we could manage more funds, we only manage two strategies to incentivize ourselves to manage them as best as possible. If the funds performed poorly, we would have no other product to offer, and this incentivizes us to give our best to try to make them perform well. Furthermore, being flexible strategies, it is the managers who can change the risk level of the funds according to market circumstances, avoiding the client having to change from one fund to another. In contrast, many entities have a very wide range of funds to continue offering other funds when investments go wrong or, in effect, leaving it to the client to change funds (probably with poor timing) when market circumstances change.

What management fees are there and how do I pay them?

The funds pay management fees to the management company and custody fees to the depositary. They are charged directly to the fund and not to the client who does not have to pay anything although, logically, they indirectly bear these expenses.. On the other hand, there are no subscription or redemption fees, so clients can buy and sell their shares whenever they wish at no cost. The applicable fees are detailed on each fund's page.

What are management fees?

The Management Company charges a fixed annual management fee, which is a fixed percentage of the fund's assets, and a performance fee (variable) which is a percentage of the positive returns obtained in the calendar year. Both fees are calculated daily and are deducted to arrive at the fund's net asset value. If the returns obtained in the year are negative, no performance fee is charged, and it only begins to accrue again when the fund recovers the losses. If five years pass without recovering the losses, performance fees could start accruing again for positive returns obtained from the sixth year onwards.

Is there a subscription or redemption fee?

No existen comisiones de suscripción ni de reembolso por lo que los clientes pueden comprar y vender sus participaciones cuando deseen sin coste.

Are there minimum holding periods?

No. Dado que no existen comisiones de suscripción ni de reembolso los clientes pueden comprar y vender sus participaciones cuando deseen sin ningún coste. No obstante, sólo es recomendable invertir en los fondos Cartesio a medio o largo plazo.

Why is there a recommended minimum holding period?

The recommended minimum holding period is a reasonable time in which investors are expected to be able to take advantage of the fund's return potential, as financial markets can experience short-term fluctuations. This minimum holding period mitigates loss risks and fosters obtaining positive returns.

Can I lose money by investing in Cartesio?

Yes. The funds invest in assets listed on financial markets whose price is subject to fluctuation. Although historically, to date, the funds have always had positive returns within the recommended investment periods, it cannot be ruled out that losses may occur in the short term (which is frequent in financial markets) or even in the medium term. In the long term, losses are unlikely, but this cannot be guaranteed. It is important to be clear that, just as with gains, losses do not become effective until your holding in the fund is sold, so a temporary loss in the value of your investment will not become a real loss if you do not sell your holding in the fund.

When can I buy or sell the fund?

Cuando quieras porque todos los días hábiles se publica el valor liquidativo. No hay ningún tipo de comisión de suscripción ni de reembolso ni tampoco periodos mínimos de permanencia aunque es sólo recomendable invertir a medio o largo plazo.

Do you have any more questions?
We answer more questions in the Frequently Asked Questions section.

You can also contact us and we will help resolve any questions.

Call or send a WhatsApp

(+34) 91 310 62 40

Send an email

info@cartesio.com

Monday to Friday from 9:00 to 18:00

Continue browsing

Cartesio Y

Discover

Become a client

Take the first step and become a client quickly and easily online.