Robeco Climate Global Credits IHCo EUR

Investing in credits and striving to keep the global temperature rise to well below 2°C

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
LU2660287926
Bloomberg
ROCGIHE LX

Asset class

Bonds

ISIN

LU2660287926

Bloomberg

ROCGIHE LX

Index

Solactive Paris Aligned Global Corporate Index

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 9

Overview Performance & costs Portfolio Sustainability Commentary Documents

Key points

At the forefront of the transition to a low-carbon economy in line with the Paris Agreement
Contrarian investment style that harvests opportunities from behavioral biases in the market
Part of a successful global credit capability run by highly experienced team

About this fund

Robeco Climate Global Credits is an actively managed fund that invests mainly in nongovernment bonds all around the world. The selection of these bonds is based on fundamental analysis. Performance drivers ar the top-down beta positioning as well as bottom-up issuer selection. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The fund aims to reduce the carbon footprint of the portfolio and thereby contribute towards the goals of the Paris agreement to keep the maximum global temperature rise well-below 2◦C. The carbon footprint reduction objective will be aligned with the Solactive Paris Aligned Global Corporate Benchmark. The portfolio is broadly diversified and has the ability to invest off Benchmark in high yield (primarily BB-rated) and Emerging Credits. Performance drivers are the top-down beta positioning as well as bottom-up issuer selection. The fund's objective is also to provide long term capital growth.

Key facts

Per 31-10-2025

Total size of fund	EUR 558,129,426
Size of share class	EUR 28,376
Inception date share class	11-10-2023
1-year performance	4.38%
Dividend paying	No

Fund manager

Matthew Jackson
Daniel Ender

Matthew Jackson is Portfolio Manager Global Investment Grade in the Credit team. He joined Robeco in 2024 from Western Asset Management in London where he started his career in the industry in 2003 and consequently held roles of Risk Analyst, Portfolio Analyst, Research Analyst and Portfolio Manager of numerous dedicated credit funds and mandates. He holds a Bachelor’s in Economics (Hons) from the University of Sheffield. Daniel Ender is Portfolio Manager Investment Grade in the Credit team. Previously, he was a Credit Analyst at Actiam. Daniel started his career in the industry in 2018 at ABN AMRO. He has a Master’s in Financial Economics from Erasmus University Rotterdam and a Bachelor’s in Political Science and Economics from the University of Connecticut. Daniel also is CFA® charterholder.

Per period	Fund	Reference index
1 month	0.49%	0.45%
3 months	1.90%	1.91%
YTD	4.94%	4.64%
1 year	4.38%	4.45%
2 years	7.25%	7.32%
Since inception 11-10-2023	6.35%	6.51%

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.	0.59%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.40%
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.	0.10%

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 as an extended US China trade truce, solid data and decent earnings supported risk assets. Early tariff threats from President Trump sparked a risk-off move, but later meetings with President Xi delivered a renewed truce and scaled back measures. Equities finished higher, with the S&P 500 up 2.3 percent for a sixth consecutive monthly gain and Japanese stocks rallying after Sanae Takaichi became prime minister. Rates rallied alongside risk. The Fed cut its policy rate by 25 bps in late October but signalled that another December move was not assured, leaving the 10-year Treasury yield at 4.08 percent, its lowest close in over a year. The ECB and Bank of Japan left policy unchanged. Credit markets were resilient. Concerns around private credit and regional banks weighed on financials, but fundamentals and inflows kept global spreads broadly stable. Toward month-end, heavy hyperscaler jumbo issuance added pressure on credit spreads, particularly in the US. Precious metals extended their rally, with gold moving above 4,000 dollars per ounce and silver posting a sixth consecutive monthly gain.

Performance explanation

Per 31-10-2025

Based on transaction prices, the fund's return was 0.49%. The Paris-Aligned Global Corporate Index returned +0.45% (hedged to EUR). Credit spreads ended the month at 74 basis points above government bonds, from 72 bps. Government yields declined further: the 10-year Treasury fell 7 basis points to 4.08%, and the 10-year Bund slipped 8 basis points to 2.63%. Positive total returns were driven primarily by the decline in underlying sovereign yields, while credit excess returns were slightly negative over the month. The portfolio performed broadly above its benchmark before fees. The performance impact from beta was negligible, given that we maintained a beta close to neutral throughout the month. Issuer selection added a lot of performance during the month, as EUR IG significantly outperformed US IG during October; most of the issuer selection impact came from our regional allocation.

Expectation of fund manager

Matthew Jackson
Daniel Ender

Robeco Climate Global Credits IHCo EUR

Investing in credits and striving to keep the global temperature rise to well below 2°C

Key points

About this fund

Key facts

Fund manager

Performance

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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