Robeco Euro SDG Credits IEH CHF

Pioneering SDG Framework for credit portfolios

Share classes Share classes Every share class of a product invests in the same portfolio of securities and has the same investment objectives and policies. However, their parameters might deviate. For instance and amongst others, their distribution type, currency exposure or fees and expenses might differ. The most common share classes at Robeco are: a) D/DH shares, which are regular shares and available for all Investors; b) I/IH shares, for institutional investors as defined from time to time by the Luxembourg supervisory authority. For more information on share classes please go to the prospectus.

Class and codes

Asset class
Bonds
ISIN
LU1395480277
Bloomberg
ROEIEHC LX

Asset class

Bonds

ISIN

LU1395480277

Bloomberg

ROEIEHC LX

Index

Bloomberg Euro Aggregate: Corporates

Sustainability-related information
Sustainability-related information
Under the EU Sustainable Finance Disclosure Regulation, products can be labelled as either Article 6, 8 or 9 fund.
Article 6 - The fund is not in scope of enhanced sustainability disclosures compared to Article 8 and 9.
Article 8 - The fund does not have a sustainable investment objective but promotes environmental or social characteristics and is subject to enhanced sustainability disclosures.
Article 9 - The fund has a sustainable investment objective and is subject to enhanced sustainability disclosures.
Regardless of Article 8 or 9, the companies in which investments are made must follow good governance practices, and sustainable investments must not do any significant harm.

Article 8

Overview Performance & costs Portfolio Sustainability Commentary Documents

Key points

Invests in companies that contribute to the United Nations Sustainable Development Goals
Provides a diversified exposure to the Euro investment grade credit market
Disciplined and repeatable investment process and experienced team management

About this fund

Robeco Euro SDG Credits is an actively managed fund providing diversified exposure to Euro investment grade credits with a strong sustainability focus. The fund can invest to a limited extent outside the Benchmark in high yield-rated debt, securitized debt and non-Euro denominated bonds. All risks from exchange rate fluctuations are hedged. The selection of these bonds is based on fundamental analysis. Performance drivers are the top-down beta positioning as well as bottom-up issuer selection. The fund advances the UN Sustainable Development Goals (SDGs) by investing in companies whose business models and operational practices are aligned with targets defined by the 17 UN SDGs. The portfolio is built on the basis of the eligible investment universe and the relevant SDGs using an internally developed framework about which more information can be obtained via the website www.robeco.com/si. The fund's objective is to provide long-term capital growth.

Key facts

Per 31-10-2025

Total size of fund	CHF 1’160’566’455
Size of share class	CHF 593’043
Inception date share class	21-04-2016
1-year performance	1.81%
Dividend paying	Yes

Fund manager

Jan Willem de Moor
Jan Willem Knoll
Joost Breeuwsma

Jan Willem de Moor is Portfolio Manager Investment Grade with a focus on European and financial bonds. Working together with the Insurance and Pensions Solutions team, he is also responsible for the management of buy & maintain portfolios. Prior to joining Robeco in 2005, he worked at the Dutch Medical professionals’ pension fund as an Equity Portfolio Manager and at SNS Asset Management as an Equity Portfolio Manager. Jan Willem has been active in the industry since 1994. He holds a Master's in Economics from Tilburg University. Jan Willem Knoll is Portfolio Manager Investment Grade in the Credit team. He joined the Credit team in 2016 as Analyst for the Financials sector. Previously, Jan Willem headed the Financials Equity sell-side research team at ABN AMRO. He started his career in the industry in 1999 at APG, where he held several positions including Portfolio Manager of global insurance portfolio pan-European financials portfolios. Jan Willem holds a Master’s in Business Economics from the University of Groningen and he is a CFA® Charterholder. Joost Breeuwsma is Portfolio Manager Investment Grade in the Credit team. He has a focus on European investment grade portfolios and global green bond portfolios. Prior to starting his career and joining Robeco in 2017 as a credit analyst, he obtained a Master’s with Distinction in Financial Mathematics from King’s College London.

Per period	Fund	Reference index
1 month	0.44%	0.50%
3 months	0.49%	0.57%
YTD	1.21%	1.50%
1 year	1.81%	2.21%
2 years	3.98%	4.05%
3 years	3.46%	3.35%
5 years	-1.18%	-1.20%
Since inception 20-04-2016	0.28%	0.25%

Statistics	3 years	5 Years
Tracking error ex-post (%) The ex-post tracking error is defined as the volatility of the fund's achieved excess return over the index return. In fund management, most managers are subject to an ex-ante (pre-determined) tracking error, which defines the extent of the additional risk they may take when aspiring to outperform the fund's benchmark. The ex-post tracking error explains the distribution of past fund performances compared to those of its underlying benchmark. With a higher tracking error, the fund's returns deviate more from its index's returns, hence there is a greater chance that the fund may outperform. The wider the spread of returns relative to the benchmark, the more "actively" a fund has been managed. In contrast, a low tracking error indicates more "passive" management.	0.33	0.51
Information ratio This ratio serves to evaluate the quality of the excess return a fund manager has achieved because it takes the active risk involved into account. The information ratio is defined as the excess return over the benchmark return divided by the fund's tracking error. The higher the information ratio, the better. For example, a fund with a tracking error of 4% and an excess return of 2% over benchmark has an information ratio of 0.5, which is quite good.	1.84	0.95
Sharpe ratio This ratio measures the risk-adjusted performance and allows the performance quality of different investments to be compared. It is calculated by subtracting the risk-free rate from the fund's returns and dividing the result by the fund's standard deviation (risk). So the Sharpe ratio tells us whether a fund's returns are the result of smart investment decisions or stem from taking extra risk. The higher the ratio, the better, meaning that a greater return is achieved per unit of risk. This ratio is named after its inventor, Nobel Laureate, William Sharpe.	0.79	-0.21
Alpha (%) Alpha measures the difference between a portfolio's actual return and its expected performance, given the level of risk, compared to the benchmark. A positive alpha figure indicates that the fund has performed better than expected, given the level of risk. Beta is used to calculate the level of risk compared to the benchmark..	0.56	0.48
Beta Beta is a measure of a portfolio's volatility, or systematic risk, in comparison to the benchmark. A beta of 1 indicates that the portfolio will move with the benchmark. A beta of less than 1 means that the portfolio will be less volatile than the benchmark. A beta of more than 1 indicates that the portfolio will be more volatile than the benchmark. For example, if a portfolio's beta is 1.2 it is theoretically 20% more volatile than the benchmark.	1.01	0.99
Standard deviation Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread out the data is, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility (risk).	3.81	5.11
Max. monthly gain (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	2.85	4.16
Max. monthly loss (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-1.87	-4.03

Date	Amount
23-04-2025	CHF 2.34
24-04-2024	CHF 2.01
27-04-2023	CHF 1.01
28-04-2022	CHF 0.50

Cost of this fund	Percentage
Ongoing charges Indication of annual charges that are deducted for this fund. This indication is based on the costs over the last calendar year and may vary from year to year. Transaction costs incurred by the fund, any performance fees and other one-off costs are not included in the ongoing charges.	0.49%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.35%
Included service fee This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.12%
Transaction costs The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.11%

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 0.01% 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

Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual 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.

Fund

Index

Policies

Per 31-10-2025

Market development

Per 31-10-2025

Markets stayed firm in October, supported by continued solid data and a generally positive earnings season. Tariff threats from President Trump early on in the month sparked a risk-off move, but later meetings with President Xi delivered a renewed truce. However, the extended shutdown keeps US political stress heightened. Rates rallied alongside equities. The Fed cut its policy rate by 25 bps in late October but signaled that another December move was not assured, while the ECB and the Bank of Japan left policy unchanged. French sovereign debt traded slightly tighter across the curve in October in sympathy with other European sovereigns. However, French banks remain weak given the continued volatile political environment in France. Credit markets remained resilient. Concerns around private credit and regional banks weighed on financials, especially in the US, but fundamentals and inflows kept global spreads broadly stable despite hyperscaler jumbo issuance, which added pressure to USD spreads. European IG spreads tightened further in October, again ending the month at cyclical tights.

Performance explanation

Per 31-10-2025

Based on transaction prices, the fund's return was 0.44%. The underlying portfolio posted a strong return in October; both credit spreads and underlying government bond yields fell. The average index spread ended the month at 76 basis points, 3 bps lower than at the end of September. The performance of the portfolio was just below that of the index. The beta positioning of the portfolio was very close to neutral, with a very small positive performance impact from beta as credit spreads tightened. Issuer selection was a neutral contributor to performance. Our allocation to Tier-2 bonds underperformed slightly on a risk-adjusted basis, while our underweight in longer maturities added to performance. The best-performing individual positions in the portfolio, on a risk-adjusted basis, were Standard Chartered, Linde and Société Générale. Detractors from performance were Volkswagen, Fiserv and MetLife.

Expectation of fund manager

Jan Willem de Moor
Jan Willem Knoll
Joost Breeuwsma

Credit markets enter the last quarter of the year in a state of calm complacency. Spreads sit at new cycle lows, even as growth slows and inflation risks persist. Strong technicals and fading memories of past drawdowns keep investors comfortably long, yet valuations offer no margin for error. US credit continues to defy fundamentals as slowing labor demand, margin pressure, and political interference at the Fed risk reigniting inflation just as growth cools. We maintain a defensive stance, preferring shorter spread duration and higher-quality issuers. Europe remains our favored region, supported by steadier fundamentals, near-target inflation, and strong corporate balance sheets. Euro credit benefits from firm demand, limited supply, and a more balanced policy mix. Sector-wise, we stay overweight in financials – especially in European bank subordinated debt – given resilience to mild slowdowns or geopolitical stress, while taking profits in corporate hybrids. We avoid weaker areas such as chemicals, US homebuilders, and construction materials. Credit markets feel 'comfortably numb': supported by technicals, detached from fundamentals, and increasingly exposed to complacency.

Robeco Euro SDG Credits IEH CHF

Pioneering SDG Framework for credit portfolios

Key points

About this fund

Key facts

Fund manager

Performance

Statistics

Dividend paying history

Costs

Fiscal product treatment

Fiscal treatment of investor

Fund allocation

Policies

Market development

Performance explanation

Expectation of fund manager

Fund documents

Annual and Semi-Annual Reports

Announcements

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