{"id":1894,"date":"2018-12-20T08:28:18","date_gmt":"2018-12-20T07:28:18","guid":{"rendered":"https:\/\/augustuscapital.es\/lierde-sicav\/"},"modified":"2026-04-13T16:36:37","modified_gmt":"2026-04-13T14:36:37","slug":"lierde-sicav","status":"publish","type":"page","link":"https:\/\/augustuscapital.es\/en\/lierde-sicav\/","title":{"rendered":"LIERDE sicav"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-blend-mode:overlay;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:50px;--awb-padding-bottom:50px;--awb-margin-bottom:30px;--awb-background-color:rgba(0,0,0,0.25);--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2019\/03\/bg.jpg\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;\"><h1 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><\/h1><\/div><div class=\"fusion-text fusion-text-1\"><p>LIERDE sicav<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-equal-height-columns\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first liquidativo-container fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:30px;--awb-padding-right:50px;--awb-padding-bottom:30px;--awb-padding-left:80px;--awb-inner-bg-color:#eff0f4;--awb-inner-bg-color-hover:#eff0f4;--awb-inner-bg-size:cover;width:50%;width:calc(50% - ( ( 3% ) * 0.5 ) );margin-right: 3%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/augustuscapital.es\/en\/lierde-sicav\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_2_3 2_3 fusion-two-third fusion-column-first\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-margin-top:0px;--awb-margin-bottom:0px;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><p class=\"darkblue\" style=\"text-align: left;\"><a href=\"https:\/\/augustuscapital.es\/en\/lierde-sicav\/\">LIERDE sicav<\/a><\/p><\/h3><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_3 1_3 fusion-one-third fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:6px;margin-bottom:10px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:#bcc0cc;border-color:#bcc0cc;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div>\n<table width=\"100%\">\n<tbody>\n<tr class=\"fila-fecha\">\n<td><strong>23\/04\/2026<\/strong><\/td>\n<td><\/td>\n<\/tr>\n<tr class=\"fila-liquidativo\">\n<td>Net Asset Value<\/td>\n<td style=\"text-align: right;\"><strong>162.86<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr class=\"fila-rentabilidad\">\n<td>YTD 2026<\/td>\n<td class=\"green\" style=\"text-align: right;\"><span style=\"color: #000000;\"><strong>2.22%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:6px;margin-bottom:10px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:#bcc0cc;border-color:#bcc0cc;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last liquidativo-container\" style=\"--awb-padding-top:20px;--awb-padding-right:50px;--awb-padding-bottom:10px;--awb-padding-left:50px;--awb-bg-color:#eff0f4;--awb-bg-color-hover:#eff0f4;--awb-bg-size:cover;width:50%;width:calc(50% - ( ( 3% ) * 0.5 ) );\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion_builder_column_inner_1_4 1_4 fusion-one-fourth fusion-column-first\" style=\"--awb-padding-top:15px;--awb-bg-size:cover;--awb-margin-bottom:0px;width:25%;width:calc(25% - ( ( 4% ) * 0.25 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-max-width:70px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"80\" height=\"80\" title=\"rentabilidad\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%2780%27%20height%3D%2780%27%20viewBox%3D%270%200%2080%2080%27%3E%3Crect%20width%3D%2780%27%20height%3D%2780%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2019\/02\/rentabilidad.png\" alt class=\"lazyload img-responsive wp-image-1778\"\/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-3 fusion_builder_column_inner_3_4 3_4 fusion-three-fourth fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;width:75%;width:calc(75% - ( ( 4% ) * 0.75 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"--awb-margin-bottom:10px;\"><h4 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><h4 style=\"text-align: justify; font-size: 16px; line-height: 24px;\"><strong>Average Annual Return of 13.24<\/strong><strong>%* during the last +30 years<\/strong><\/h4><\/h4><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-text fusion-text-2\"><h1 style=\"text-align: justify; font-size: 16px; line-height: 24px; color: #52658f;\">* Past performance is not guarantee of future results. Performance is not guaranteed and may fluctuate over time (losses are possible). Performance is net of expenses.<\/h1>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Historical Returns<\/h2><\/div>\n<div class=\"table-1\">\n<table width=\"100%\">\n<thead>\n<tr>\n<th style=\"text-align: center;\" align=\"left\">YEAR<\/th>\n<th align=\"left\">2025<\/th>\n<th align=\"left\">2024<\/th>\n<th align=\"left\">2023<\/th>\n<th align=\"left\">2022<\/th>\n<th align=\"left\">2021<\/th>\n<th align=\"left\">2020<\/th>\n<th align=\"left\">2019<\/th>\n<th align=\"left\">2018<\/th>\n<th align=\"left\">2017<\/th>\n<th align=\"left\">2016<\/th>\n<th align=\"left\">2015<\/th>\n<th align=\"left\">2014<\/th>\n<th align=\"left\">2013<\/th>\n<th align=\"left\">2012<\/th>\n<th align=\"left\">2011<\/th>\n<th align=\"left\">2010<\/th>\n<th align=\"left\">2009<\/th>\n<th align=\"left\">2008<\/th>\n<th align=\"left\">2007<\/th>\n<th align=\"left\">2006<\/th>\n<th align=\"left\">2005<\/th>\n<th align=\"left\">2004<\/th>\n<th align=\"left\">2003<\/th>\n<th align=\"left\">2002<\/th>\n<th align=\"left\">2001<\/th>\n<th align=\"left\">2000<\/th>\n<th align=\"left\">1999<\/th>\n<th align=\"left\">1998<\/th>\n<th align=\"left\">1997<\/th>\n<th align=\"left\">1996<\/th>\n<th align=\"left\">1995<\/th>\n<th align=\"left\">1994<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\">\n<p style=\"text-align: center;\"><strong>\u00a0LIERDE sicav<\/strong><\/p>\n<\/td>\n<td style=\"text-align: right;\" align=\"left\">+16.55%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+1.4%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+19.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-10.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+26.1%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-3.3%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+16.3%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-20.8%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+18.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+4.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+18.6%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-0.1%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+27.4%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+16.4%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-15.8%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+10.7%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+45.7%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-42.1%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+8.7%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+27.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+42.3%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+3.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+34.5%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-26.3%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+3.7%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-4.6%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+21.0%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+40.2%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+79.5%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+44.3%<\/td>\n<td style=\"text-align: right;\" align=\"left\">-2.7%<\/td>\n<td style=\"text-align: right;\" align=\"left\">+28.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div id=\"home-filosofia\" class=\"fusion-container-anchor\"><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Net Asset Value Evolution<\/h2><\/div><div class=\"fusion-text fusion-text-3\"><div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-2158-1670126425\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2158\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/augustuscapital.es\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-2158-1670126425\" class=\"visualizer-front  visualizer-front-2158\"><\/div><!-- Not showing structured data for chart 2158 because description is empty --><\/div>\n<\/div><div class=\"fusion-text fusion-text-4\" style=\"--awb-text-transform:none;\"><h6 style=\"padding-left: 40px;\"><span style=\"color: #000000;\">Updated 31\/03\/2026<\/span><\/h6>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_3_5 3_5 fusion-three-fifth fusion-column-first\" style=\"--awb-bg-size:cover;--awb-margin-bottom:20px;width:60%;width:calc(60% - ( ( 3% ) * 0.6 ) );margin-right: 3%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top:80px;--awb-margin-bottom:10px;\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Investment Philosophy<\/h2><\/div><div class=\"fusion-text fusion-text-5\"><p style=\"text-align: justify;\">LIERDE is an actively managed investment vehicle with a track-record of more than 30 years following the same investment strategy. At least 80% of total exposure will be invested in equities, without any restrictions by market capitalization and\/or sector of any issuer and\/or market within the OECD.<\/p>\n<\/div><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top:80px;--awb-margin-bottom:10px;\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Management Objective<\/h2><\/div><div class=\"fusion-text fusion-text-6\"><p style=\"text-align: justify;\">LIERDE's goal is to continue achieving better performance vs the indices in the long-term, mainly diversifying in European companies. This investment vehicle may be unsuitable for investors who expect to withdraw their money within the next 5 years.<\/p>\n<\/div><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top:80px;--awb-margin-bottom:10px;\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Risk Factors to be considered<\/h2><\/div><div class=\"fusion-text fusion-text-7\"><p>Investing in LIERDE implies assuming the following risks: market risk (interest rate, currency exchange and equity risks), credit risk, liquidity risk among others. For detailed information about the risks review the Prospectus.<\/p>\n<\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-4 fusion_builder_column_inner_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:60px;--awb-padding-bottom:60px;--awb-inner-bg-position:center center;--awb-inner-bg-size:cover;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-zoomin\"><a class=\"fusion-column-anchor\" href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/04\/LIERDE_monthly-report-March-2026.pdf\"><span class=\"fusion-column-inner-bg-image lazyload\" data-bg=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2019\/03\/comentario-mensual-gb.jpg\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy fusion-column-has-bg-image\" data-bg-url=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2019\/03\/comentario-mensual-gb.jpg\"><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;\"><h2 class=\"fusion-title-heading title-heading-center\" style=\"margin:0;\">Monthly Review<\/h2><\/div><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-five\" style=\"--awb-text-color:#ffffff;\"><h5 class=\"fusion-title-heading title-heading-center\" style=\"margin:0;\"><i class=\"fb-icon-element-1 fb-icon-element fontawesome-icon fa-file-pdf far circle-no fusion-text-flow\" style=\"--awb-font-size:20px;--awb-margin-right:10px;\"><\/i>DOWNLOAD LAST MONTHLY REPORT<\/p><\/h5><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_2_5 2_5 fusion-two-fifth fusion-column-last\" style=\"--awb-padding-left:20px;--awb-bg-size:cover;--awb-border-color:#e7e8ed;--awb-border-left:1px;--awb-border-style:solid;width:40%;width:calc(40% - ( ( 3% ) * 0.4 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-margin-bottom:10px;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Factsheet<\/h3><\/div><div class=\"fusion-text fusion-text-8 datos-producto\"><p><b>Name: <\/b>LIERDE, SICAV S.A.<br \/>\n<b>ISIN code: <\/b>ES0158457038<br \/>\n<b>CNMV registration code: <\/b>2467<br \/>\n<b>Management company: <\/b>Augustus Capital Asset Management, S.G.I.I.C., S.A.<br \/>\n<b>Registered office: <\/b>Plaza Arag\u00f3n 10, 10\u00aa planta, 50004, Zaragoza<br \/>\n<b>Depository: <\/b>Bnp Paribas S.A., Sucursal en Espa\u00f1a<br \/>\n<b>Auditor: <\/b><span class=\"il\">PricewaterhouseCoopers<\/span>\u00a0Auditores, S.L.<br \/>\n<b>Bloomberg code: <\/b>LIE SM Equity<\/p>\n<\/div><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-margin-top:40px;--awb-margin-bottom:10px;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Investment Profile<\/h3><\/div><div class=\"fusion-text fusion-text-9 datos-producto\" style=\"--awb-text-transform:none;\"><p><b>Net asset value: <\/b>Daily<br \/>\n<b>Assets under management: <\/b>EUR 110 mill. (31\/03\/2026)<br \/>\n<b>Shareholders: <\/b> 530 (31\/03\/2026)<br \/>\n<b>Management fee: <\/b>1.40% annual<br \/>\n<b>Depository fee: <\/b>0.07% annual<br \/>\n<b>TER: <\/b>1.56% annual<br \/>\n<b>Refund fee: <\/b>does not exist<br \/>\n<b>Minimum initial investment: <\/b>1 share<br \/>\n<b>NAVS&amp;data: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/04\/VLS-LIERDE-SICAVmarzo2026.xlsx\">xls<\/a><\/p>\n<\/div><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-margin-top:40px;--awb-margin-bottom:10px;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Vehicle Profile<\/h3><\/div><div class=\"fusion-text fusion-text-10 datos-producto\"><p><b>Fund type: <\/b>European equities<br \/>\n<b>Legal form: <\/b>UCIT open-ended investment company<br \/>\n<b>Investment style: <\/b>Value<br \/>\n<b>Morningstar category: <\/b>European Equities Flex-Cap<br \/>\n<b>Currency: <\/b>EUR<br \/>\n<b>Asset managers: <\/b>Juan Uguet de Resayre and Francisco Tajada<\/p>\n<\/div><div class=\"fusion-title title fusion-title-14 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-margin-top:40px;--awb-margin-bottom:10px;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Files and Downloads<\/h3><\/div><div class=\"fusion-text fusion-text-11 datos-producto\" style=\"--awb-text-transform:none;\"><p><b>Monthly report: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/04\/LIERDE_monthly-report-March-2026.pdf\">PDF<\/a><br \/>\n<b>Simplified prospectus (KIID): <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/01\/sicavKIID-311225.pdf\">PDF<\/a><br \/>\n<b>Vehicle prospectus: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/01\/SICAVprosp230126swiss.pdf\">PDF<\/a><br \/>\n<b>Half-year report: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/01\/IPE-LIERDE-SICAV-2S-2025.pdf\">PDF<\/a><br \/>\n<b>Annual Financial Statements: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2025\/05\/CCAA_LIERDE_SICAV_E_INFORME_GESTION-2024-V-WEB-.pdf\">PDF<\/a><br \/>\n<b>EMT, European MiFID Template: <\/b><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2025\/01\/EMT-Lierde-Sicav-Ene-2025-ENG.pdf\">PDF<\/a><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"center top\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.1\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2018\/12\/bg0.jpg\" data-bg-repeat=\"false\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-position:center top;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-bottom:60px;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2018\/12\/bg0.jpg\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first fusion-column-inner-bg-wrapper\" style=\"--awb-inner-bg-size:cover;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2026\/04\/LIERDE_MARCH-2026-ENG.pdf\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-title title fusion-title-15 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><h2 style=\"text-align: left; color: white;\"><a href=\"https:\/\/augustuscapital.es\/wp-content\/uploads\/2025\/05\/LIERDE_APRIL-2025-ENG.pdf\"><span style=\"color: #ffffff;\">Lierde Presentation<\/span><\/a><\/h2><\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-alignleft\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa-file-pdf far awb-button__icon awb-button__icon--default button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Download PDF<\/span><\/a><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1227.2px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1894","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/pages\/1894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/comments?post=1894"}],"version-history":[{"count":4,"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/pages\/1894\/revisions"}],"predecessor-version":[{"id":31866,"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/pages\/1894\/revisions\/31866"}],"wp:attachment":[{"href":"https:\/\/augustuscapital.es\/en\/wp-json\/wp\/v2\/media?parent=1894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}