RobecoSAM Biodiversity Equities D EUR
Investing in companies that benefit from the transition to a nature-positive world
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
MSCI World Index TRN
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.
- Performance & costs
- Thematic investment opportunities in solutions and companies that sustainably use or help to restore nature’s resources
- Regulation to better protect nature and changing consumer behavior to benefit biodiversity-aligned companies
- Driving change through active engagement on biodiversity topics
About this fund
RobecoSAM Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis. 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 strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index.
Total size of fund
Size of share class
Inception date share class
David Thomas is Portfolio Manager of the RobecoSAM Biodiversity Equities strategy. Prior to joining Robeco in 2022, he was a portfolio manager at Ellerston Capital, managing multiple strategies, including a fund for one of the world’s largest sovereign wealth asset owners. David brings 28 years of experience in financial markets having worked for global corporations, including Price Waterhouse Coopers, Macquarie Bank, Morgan Stanley and CLSA. His expertise in equity markets with special focus on the consumer and IT sectors has been honed over multiple roles, both in Sydney and London. David holds a Bachelor of Business from Swinburne University and successfully completed the leadership program at Harvard Business School. Aaron Re’em is Co-Portfolio Manager of the RobecoSAM Biodiversity Equities strategy and has been instrumental in developing this new thematic strategy within Robeco thanks to his strong background combining environmental, thematic and investment experience. Aaron was previously a Senior Equity Analyst covering consumer, industrials and materials stocks and supported multiple strategies across a range of Robeco’s Thematic and Sustainable Investment funds. Before joining Robeco in 2015, he was a senior analyst in Trucost’s investment research team, where he started his career in 2011 integrating fundamental environmental and ecosystem services analysis into equity research. Aaron earned his Bachelor of Science in Mathematics at the University of Bristol and is a CFA® Charterholder.
Since inception 11/2022
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.
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
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.
- Top 10
Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.
This share class of the fund does not distribute dividend.
RobecoSAM Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally that support the sustainable use of natural resources and ecosystem services and help to reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis.
The fact that the sub-fund has obtained this label does not mean that it meets your personal sustainability goals or that the label is in line with requirements arising from any future national or European rules. The label obtained is valid for one year and subject to annual reappraisal. More information on this label.
ESG Important Information
The sustainability information below can help investors integrate sustainability considerations in their process. This information is for informational purposes only. The reported sustainability information may not at all be used in relation to binding elements for this fund. A decision to invest should take into account all characteristics or objectives of the fund as described in the prospectus.
The fund's sustainable investment objective is to support the sustainable use of natural resources and ecosystem services that help to reduce Biodiversity threats or restore natural habitats. This is achieved by incorporating sustainability considerations in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policyThe following sections display the ESG-metrics for this fund along with short descriptions. For more information please visit the sustainability-related disclosures.The index used for all sustainability visuals is based on MSCI World Index TRN.
October, a month that can create headlines for all the wrong reasons, started well, but quickly unraveled as war broke out in the Middle East. The markets are struggling with many, albeit familiar, challenges. The Israel-Hamas war has sparked oil-driven inflation fears, Chinese consumers are acting as if the country is in recession despite decent economic data, and a very subdued corporate earnings outlook have pressured markets. By the time dust settled on the trick-or-treaters, global equity markets had suffered one of their worst months in 2023, with the MSCI World falling more than 3%. Consumer Discretionary was the worst-performing sector as confidence plummeted across the globe. Investors appear particularly nervous regarding small caps, with a focus on capital preservation rather than accumulation. The Russell 2000 Index fell 7% for the month, more than double the broader market, racking up losses of 17% in the last three months alone.
Based on transaction prices, the fund's return was -6.09%. The strategy's performance for the month was below the general market and the investable universe. One of the top-performing stocks in the portfolio for the month was Danone, up 7.4% on the back of strong results, particularly in European dairy and sales guidance upgrades. Japan-based retailer Ryohin Keikaku also had a strong month (up 9.6%), continuing its stellar run this year. On the flip side, Norwegian recycler TOMRA struggled throughout the month (down 28%), which had a material impact on performance. Hit by a cyberattack in mid-July, the pressure was compounded when it delivered a muddled set of 23Q3 results. The long-term collection growth drivers remain firmly in place, but short-term question marks over management execution are likely to leave investors on the sidelines.
Expectation of fund manager
Global markets have now had three back-to-back months of negative performance. Within consumer staples, the fund's largest sector exposure, concerns over the impact of the GLP-1 have been weighing on the packaged food sub-industry performance, but in general, the fund is not overly exposed to this category. Industrials, particularly in the mid-cap space, also struggled in October as economic uncertainty met market jitters. These sizable moves in share prices opened up opportunities during the month and so we have been fairly active across the portfolio. We added incrementally to positions in Valmont, Darling and Campbell Soup on weakness. In addition, we continued to build our position in Clearwater Paper. We reduced our position in Renewi prior to the post-bid correction as valuation upside closed. In addition, we took profits in Sprouts Farmers Market after a strong run and cut both Kimberly-Clark and Avery Dennison on valuation grounds.
A provision for exchange rate fluctuation when representations are made in foreign currencies (i.e. Any representations made which are not denominated in HKD/ USD/ EUR) may expose investors to exchange rate fluctuations.
Investment involves risks. Past performance is not indicative of future performance. The information contained in this website is provided for reference only and does not constitute any investment advice. Investors are advised to seek independent advice before making any investment decision. Please refer to the relevant offering documents for details including the risk factors before making any investment decisions. This web page is published by Robeco Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.
Positive distribution yield does not imply positive return. Investors should not make any investment decision solely based on information contained in the table. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.
Annualized yield is calculated with the following formula: Sum of the monthly dividends over a period of 12 months / average of the applicable prices of the first business day of these 12 months * 100%
Where a reference is made to the frequency of dividend distributions, this frequency is an aim and not a guarantee. The fund may at its discretion pay dividend out from capital. Dividend yield is not guaranteed, and is not indicative the return of the Fund. The yield figure is for reference only. The fund may at its discretion to pay dividend out from capital. Distributions out of capital may result in the reduction of an investor’s original capital invested in the Sub-fund or from any capital gains attributable to that original investment of the Sub-fund. Also, any distributions involving the capital and/or capital gains may result in an immediate reduction of the net asset value per share of the relevant class. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. If there is a change of distribution policy of the Sub-fund, the Management Company will seek the prior approval of the Securities and Futures Commission in Hong Kong ('SFC') and provide at least one month’s prior notice to affected Shareholders.