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Robeco BP US Select Opportunities Equities DH CHF

Index: Russell Mid Cap Value index (Gross Total Return, hedged into CHF)
ISIN: LU1193126635
  • Mid-cap value fund
  • Selects the best investment candidate with a market capitalization of USD 750 million or more.
  • Investment discipline based on bottom-up fundamental research
Asset class
Current price ()
Performance YTD ()
Currency CHF
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Dividend payingNo

About this fund

Robeco BP US Select Opportunities Equities is an actively managed fund that invests in midcap stocks in the United States. The selection of these stocks is based on fundamental analysis. The fund is primarily composed of stocks with a market capitalization of more than USD 750 million. Its bottom-up stock-selection process seeks to find undervalued stocks and is guided by a disciplined value approach, intensive internal research and risk aversion.

Price development

No performance data available

Price development

Robeco BP US Select Opportunities Equities DH CHF

Performance

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The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.
Fund Reference index
The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.

Performance explanation

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Based on transaction prices, the fund's return was -3.70%. Robeco BP US Select Opportunities trailed the Russell Mid Cap Value Index in November in a downward market environment. Stock selection detracted from relative performance during the month in energy, consumer staples and industrials. In energy, oil services companies ChampionX and Schlumberger declined during the month along with oil prices, as the new Covid variant generated uncertainty on future oil demand. In consumer staples, European frozen foods company Nomad Foods detracted from relative returns. Within industrials, aerospace and defense company BWX Technologies underperformed, as quarterly earnings and revenues came in below consensus estimates. We continue to hold the position, as most of the earnings miss was transitory due to the Delta variant's impact on employee absenteeism affecting volumes. From a sector allocation standpoint, underweight exposure to communication services and overweight exposure to industrials was additive, while overweight energy and underweight consumer staples and utilities weighed on relative performance.

Statistics

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Market development

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US equities, for the most part, slipped back into negative territory for the month of November, with the S&P 500 falling -0.69%. Large-cap value, as measured by the Russell 1000 Value Index, declined -3.52%, while mid and small-cap value were down -3.04% and -3.42% respectively. Large-cap growth performed the strongest, returning 0.61%, while mid and small-cap growth underperformed their value counterparts, falling -4.23% and -4.88% respectively.

Fund allocation

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Name Sector Weight
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Currency policy

Investments are predominantly made in securities denominated in US dollars. The subfund is denominated in Swiss Franc. The subfund also uses derivatives to hedge to the Swiss Franc.

Dividend policy

No dividend is distributed. All returns are reinvested and translated into price gains.

Investment policy

The fund's broad definition of value looks beyond traditional value characteristics such as low price/earnings and price-to-book ratios, and includes analysis of long-term business fundamentals and short-term business momentum. The fund's investment objective is to participate in rising markets and preserve capital in falling markets through diligent risk management.

Risk policy

Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.

Sustainability profile

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The fund does not promote any environmental or social characteristics and is classified under Article 6 of SFDR.

Expectation of fund manager

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Markets in the United States as measured by the S&P 500 declined in November, as investors evaluated the risks associated with the new Covid Omicron variant. It is still too early to determine what impact Omicron will ultimately have on global health, economics and/or markets. Additionally, accelerating inflation is a cause for concern and is weighing on Americans' views about the economy. Fed fund futures have been bouncing around in an attempt to gauge the probability and timing of potential Federal Reserve rate hikes. As always, we will continue to focus on a company-by-company level. The fund remains well positioned with holdings that reflect Boston Partners' three-circle characteristics – attractive valuations, solid business fundamentals and identifiable catalysts.

Steven L. Pollack, CFA
Steven L. Pollack, CFA

Steven L. Pollack, CFA

Mr. Pollack is the equity portfolio manager for Boston Partners Mid Cap Value Equity product.  He is in his fifteenth year with the firm.  He joined the firm from Hughes Investments where he spent twelve years as an equity portfolio manager, managing value equity across the market capitalization spectrum.  He also oversaw the outside investment managers who manage assets for Hughes' pension plan.  He began his career at Hughes as an Investment Analyst where he spent four years covering a variety of industries and sectors.  Prior to that, he was with Remington, Inc., and Arthur Anderson & Co.  Mr. Pollack is a graduate from Georgia Institute of Technology and holds an M.B.A. from The Anderson School of Management at the University of California at Los Angeles.  He holds the Chartered Financial Analyst® designation.  He has thirty-one years of investment experience.

Details

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Management company
Fund capital
Size of share class
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ISINLU1193126635
BloombergRUSOEDC LX
Valoren27179076
WKN
Availability
1st quotation date1424908800000
Close financial year31-12
Legal status
Tracking error limit (%)
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
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Transaction costs

The expected transaction costs are

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This fund may also deduct a performance fee of

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max entry fee
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Fiscal product treatment

The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.05% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.

Fiscal treatment of investor

The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.

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Disclaimer Robeco Switzerland Ltd.

The information contained on these pages is for marketing purposes and solely intended for Qualified Investors in accordance with the Swiss Collective Investment Schemes Act of 23 June 2006 (“CISA”) domiciled in Switzerland, Professional Clients in accordance with Annex II of the Markets in Financial Instruments Directive II (“MiFID II”) domiciled in the European Union und European Economic Area with a license to distribute / promote financial instruments in such capacity or herewith requesting respective information on products and services in their capacity as Professional Clients. 

The Funds are domiciled in Luxembourg and The Netherlands. ACOLIN Fund Services AG, postal address: Affolternstrasse 56, 8050 Zürich, acts as the Swiss representative of the Fund(s). UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich, postal address: Europastrasse 2, P.O. Box, CH-8152 Opfikon, acts as the Swiss paying agent. The prospectus, the Key Investor Information Documents (KIIDs), the articles of association, the annual and semi-annual reports of the Fund(s) may be obtained, on simple request and free of charge, at the office of the Swiss representative ACOLIN Fund Services AG. The prospectuses are also available via the website www.robeco.ch. Some funds about which information is shown on these pages may fall outside the scope of the Swiss Collective Investment Schemes Act of 26 June 2006 (“CISA”) and therefore do not (need to) have a license from or registration with the Swiss Financial Market Supervisory Authority (FINMA). 

Some funds about which information is shown on this website may not be available in your domicile country. Please check the registration status in your respective domicile country. To view the RobecoSwitzerland Ltd. products that are registered/available in your country, please go to the respective Fund Selector, which can be found on this website and select your country of domicile. 

Neither information nor any opinion expressed on this website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco Switzerland Ltd. product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports. 

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