Quarterly Commentary Q4 2025

Would you like to understand what happened in the markets in Q4 2025 and how the Sequoia and Narval funds were managed?

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Miralta Narval Europa - Fondo Renta Variable

INVESTMENT FUND · MIRALTA ASSET MANAGEMENT

Miralta Narval Europa

European equity investment fund with a long-term approach, based on the selection of high-quality companies and a disciplined, diversified management style. It provides exposure to European equities within a structured investment strategy, with an approach designed to adapt to different market environments.

Miralta AM Investment Funds

Returns
Product
Since Inception
Annualized
YTD Return
2024
2023
2022
2021
2020
2019
2018
Net Asset Value *
Sequoia
16.75%
1.92% 0.98% 1.70% 9.33% -4.95% 0.49% 8.60% 2.48% -4.89% 116.91€ (2026-02-05)
Narval
102.53%
14.51% 5.57% 22.12% 19.75% -11.29% 12.70% 16.73% 8.12% -11.27% 223.255868€ (2026-02-05)
Pulsar
8.17%
1.67% 1% 2.32% + Dividend 3,34% 0.93% + Dividend 3,56% 0.82% + Dividend 2,63% 0.49% + Dividend 0,14% 106.152695€ (2026-01-30)
Pulsar II
5.09%
3.02% 0.4% 1.87% + Dividend 1,41% 107.394232€ (2026-01-30)
MCOI
-1.96%
-5.74% 0.59% 103.60712€ (2026-01-30)

The returns shown are net of applicable fees and expenses. Past performance is not a reliable indicator of future results.

The full information and periodic reports for each fund are available on their respective pages. .

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