Robeco BP Global Premium Equities D EUR

Global value approach with focus on 'characteristics that work': Valuation, Fundamentals and Momentum

Classe di azioni Classe di azioni 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.

Classe e codici

Asset class
Equities
ISIN
LU0203975437
Bloomberg
ROGVEED LX

Asset class

Equities

ISIN

LU0203975437

Bloomberg

ROGVEED LX

Benchmark

MSCI World Index (Net Return, EUR)

Informativa sulla sostenibilità
Informativa sulla sostenibilità
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.

Articolo 8

Morningstar Morningstar Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Download The Morningstar Rating for Funds (chapter: The Morningstar Rating: Three-, Five-, and 10-Year) on the Morningstar website.

Rating

( 30-06 )

Panoramica Performance & costi Portafoglio Sostenibilità Commento Documenti

Punti chiave

Award winning unconstrained Global equity strategy
Managed by a highly experienced team of bottom-up value investment professionals
Focus on 'characteristics that work': Valuation, Fundamentals and Momentum

Caratteristiche del fondo

Robeco BP Global Premium Equities is an actively managed, unconstrained global all cap value fund. The selection of these value stocks is based on fundamental analysis. The fund focuses on attractively valued companies with compelling fundamentals and improving business momentum, regardless of market capitalization, region or sector.

Aspetti principali

Al 30-06-2026

Dimensione del fondo	EUR 8,242,921,775
Dimensione della classe di azioni	EUR 2,844,497,786
Data di inizio della classe di azioni	13-12-2004
Performance 1 anno	20.31%
Pagamento del dividendo	Accumulazione

Gestore

Christopher Hart CFA
Joshua Jones CFA
Soyoun Song

Mr. Jones is a Portfolio Manager of the Boston Partners Global Equity, Boston Partners Global Long/Short Equity, and Boston Partners International Equity strategies, with primary responsibility for managing the firm’s International Equity and Global Long/Short Equity offerings. Prior to this role, he was a research analyst specializing in the energy and metals and mining sectors of the equity market and was a global generalist. Mr. Jones joined the firm in January 2006 from Cambridge Associates where he was a consulting associate focused on hedge fund clients. He holds a B.A. in Economics from Bowdoin College and the Chartered Financial Analyst® designation. Mr. Jones began his career in the investment industry in 2004. Mr. Hart is a Portfolio Manager of the Boston Partners Global Equity and Boston Partners International Equity strategies, with primary responsibility for managing the firm's Global Equity long portfolios. Prior to this, he was the portfolio manager of the Boston Partners International Small Cap Value product and, before that, an assistant portfolio manager of the Boston Partners Small Cap Value products for three years. Previously, he was a research analyst specializing in the conglomerates, engineering and construction, building, machinery, aerospace & defense, and REITs sectors of the equity market. He joined the firm in July 2002 from Fidelity Investments where he was a research analyst. Mr. Hart holds a B.S. in Finance with a concentration in Corporate Finance from Clemson University and the Chartered Financial Analyst® designation. Mr. Hart began his career in the investment industry in 1991. Mr. Song is an Assistant Portfolio Manager of the Boston Partners Global Equity and Boston Partners International Equity strategies as well as the lead Portfolio Manager of the Boston Partners Global Sustainability strategy. He also serves as an equity analyst, specializing in developed non-U.S. industrials, materials, and transportation sectors of the equity market. Before joining Boston Partners in April 2019, he was a managing director at ThornTree Capital with responsibility for its global industrials long/short portfolio. Prior to that, Mr. Song was a managing director at Bain Capital’s Brookside Fund where he co-managed its global industrials long/short portfolio. He began his investing career at Bain Capital in its North American private equity practice. Before transitioning to a career in investments, he was a consultant at McKinsey & Company. Mr. Song earned an M.B.A. from Harvard Business School, an M.Sc. in Clinical Medicine from Oxford University, and an A.B. in Biochemical Sciences from Harvard College, where he graduated summa cum laude. Mr. Song began his career in the investment industry in 2005.

Per periodo	Fondo	Index
1 mese	3.34%	1.34%
3 mesi	8.70%	14.64%
Ytd	9.67%	12.68%
1 anno	20.31%	24.58%
2 anni	16.51%	14.99%
3 anni	16.18%	17.40%
5 anni	12.15%	12.29%
10 anni	10.31%	12.81%
Dal lancio 10-12-2004	8.61%	9.43%

Statistiche	3 anni	5 anni
Tracking error a posteriori (%) 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.	7.73	8.52
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.	0.07	0.18
Indice di Sharpe 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.	1.50	0.98
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..	5.28	4.38
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.	0.65	0.71
Scostamento standard 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).	10.09	12.07
Utile mensile max. (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	6.02	11.19
Perdita mensile max. (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-5.63	-7.81

Costi del fondo	Percentuale
Spese correnti 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.	1.46%
Commissione di gestione incluse A fee paid by the fund to the asset management company for the professional management of the fund.	1.25%
Commissione di servizio incluso This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Costi di transazione The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.44%

Trattamento fiscale del prodotto

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.

Trattamento fiscale dell'investitore

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.

Sviluppo del mercato

Al 30-06-2026

Non-US stocks experienced a pullback in June, with Asia Pacific and emerging market stocks generally weighing most heavily on returns, while European equities notched moderate gains. Investors became increasingly wary of the torrential pace of spending associated with the artificial intelligence buildout and companies' capacity to recoup their investments. Against this backdrop, value stocks tended to outperform their growth counterparts. The European Central Bank and Bank of Japan both raised policy rates during the month in response to inflation pressures, while the United States signaled its intention to follow suit later this year.

Spiegazione della performance

Al 30-06-2026

Based on transaction prices, the fund's return was 3.34%. Robeco BP Global Premium Equities outperformed the MSCI World Index by a wide margin in June, as both stock selection and sector allocation contributed to relative returns. Sector allocation was the primary driver of the fund's strong performance in June, with the fund adding value in seven of ten invested sectors. Top contributions came in financials, communication services, healthcare and information technology. From a stock selection perspective, the fund saw three areas contribute significantly: consumer staples, financials and communication services. In consumer staples, top contributions were predominantly focused in the food products and retail space, led by Glanbia, US Foods and Kerry Group. In financials, top contributors came in banks and insurance businesses, led by NatWest, Allstate, BBVA, Fifth Third Bancorp and Bank of America. Lastly, within communication services, fund holdings protected capital well, falling just under 2%, compared to a decline of nearly 8% for the index. Regionally, the fund added most value in North America.

Aspettative del gestore

Christopher Hart CFA
Joshua Jones CFA
Soyoun Song

The good news behind global equities' recent rally has been the persistently solid corporate fundamentals paired with a general broadening out of market leadership. That said, the seemingly unbridled enthusiasm surrounding the AI trade will at some point intersect with unanswered questions about model providers' capacity to monetize their platforms – and this month may have been a preview of what's to come. When that moment arrives in earnest, it could result in a significant increase in volatility, which we'd argue warrants a degree of caution today. While we remain constructive on the long-term outlook, we continue to focus on managing downside risk and identifying attractively valued opportunities that may emerge during the market pullbacks that inevitably occur along the way.