Robeco Asia-Pacific Equities D USD

Asian all-cap value style with a proven track record

Anteilklasse Anteilklasse 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.

Gattung und Codes

Anlagegattung
Equities
ISIN
LU0487305319
Bloomberg
RGASPUD LX

Anlagegattung

Equities

ISIN

LU0487305319

Bloomberg

RGASPUD LX

Benchmark

MSCI AC Asia Pacific Index (Net Return, USD)

Angaben zur Nachhaltigkeit
Angaben zur Nachhaltigkeit
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.

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Rating

( 31-07 )

Überblick Wertentwicklung & Gebühren Vermögensaufstellung Nachhaltigkeit Kommentar Unterlagen

Merkmale

Contrarian biased strategy in Asia Pacific equities, targeting an active share in excess of 80%
Value with a future: Unique blend of value style and momentum awareness
Concentrated portfolio driven by bottom-up selection targeting approximately 60-90 positions

Über diesen Fonds

Robeco Asia-Pacific Equities is an actively managed fund that invests in stocks in developed and emerging Asian-Pacific countries. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund focuses on stocks of companies incorporated in Asia, Australia or New Zealand or those companies that exercise major part of economic activity from these regions. Country allocation is a less important performance driver, implemented via country and currency overlays.

Wichtige Fakten

Per 31-07-2026

Fondsvolumen	USD 2,179,207,336
Größe der Anteilsklasse	USD 83,667,299
Auflegungsdatum der Anteilsklasse	18-02-2010
1 Jahr Wertentwicklung	40.80%
Ertragsverwendung	Thesaurierend

Fondsmanagement

Joshua Crabb
Harfun Ven

Joshua Crabb is Lead Portfolio Manager and Head of Asia Pacific Equities. Before joining Robeco in 2018, Joshua was Head of Asian Equities at Old Mutual and Portfolio Manager at BlackRock and Prudential in Hong Kong. He started his career in the investment industry as Sector Analyst at BT Financial Group in 1996. Joshua holds a Bachelor's with Honors in Finance from the University of Western Australia and he is a CFA® charterholder. Harfun Ven is Portfolio Manager in the Asia Pacific team with a focus on cyclical sectors. Prior to joining Robeco in 2008, he was Portfolio Manager Japanese Equities at Alliance Trust. Harfun also managed Premier Alliance Trust Japan Equity, a top quartile ranked fund. Before that, he spent six years with Bowen Capital Management, managing both Japan-only and Asia-Pacific funds. He started his career in the investment industry in 1998. Having grown up in Japan, he fluently speaks Japanese, Cantonese and English. Harfun holds an MBA from Boston University and a Bachelor's from the University of Massachusetts.

Pro Zeitraum	Fonds	Index
1 Monat	-3.48%	-1.36%
3 Monate	5.84%	5.81%
Lfd. Jahr	21.56%	19.81%
1 Jahr	40.80%	33.88%
2 Jahre	28.54%	23.64%
3 Jahre	21.55%	18.93%
5 Jahre	12.03%	8.88%
10 Jahre	9.90%	9.53%
Seit Auflegung 18-02-2010	8.67%	7.68%

Statistiken	3 Jahre	5 Jahre
Ex-post Tracking-Error (%) 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.	3.91	3.98
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.	1.36	1.44
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.	1.11	0.62
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..	3.78	5.43
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.	1.07	0.99
Standardabweichung 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).	17.75	17.47
Max. monatlicher Gewinn (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	13.38	13.38
Max. monatlicher Verlust (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-14.94	-14.94

Kosten dieses Fonds	Prozentsatz
Laufende Gebühren 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.	1.75%
Inklusive Verwaltungsgebühr A fee paid by the fund to the asset management company for the professional management of the fund.	1.50%
Inklusive Servicegebühr This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.20%
Transaktionskosten The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.07%

Steuerliche Behandlung des Produkts

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.

Steuerliche Behandlung des Anlegers

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.

Marktentwicklungen

Per 31-07-2026

The MSCI Asia Pacific fell 1.3% in July, masking sharp intra-month volatility driven by a significant AI sentiment unwind. Renewed concerns over hyperscaler monetization and Chinese AI competition triggered aggressive de-leveraging – particularly in South Korea – rotating markets from North Asia to ASEAN/India, and styles from momentum/growth to low volatility/value. Tech-heavy markets bore the brunt (South Korea: -17.9%; APAC IT: -13.5%; Taiwan: -5.3%), though a sharp late-month recovery – aided by strong AI monetization signals from Microsoft and Amazon – saw Asian Tech stocks recoup nearly half their losses.

Erläuterungen zur Wertentwicklung

Per 31-07-2026

Based on transaction prices, the fund's return was -3.48%. The portfolio underperformed versus the benchmark by 0.63% in July. South Korea was the largest detractor, as the market saw a rapid deleveraging of retail positions that had been built up in leveraged ETFs. Japan also detracted, via the IT positioning, while our underweights in the low-IT-exposure markets of Australia and India also dragged. Vietnam, Singapore and Malaysia were also marginal drags. China, Taiwan, Thailand and Indonesia, with low IT weightings, were the key contributors. The Philippines, Pakistan and New Zealand also contributed at the margin. There were small positive contributions from Thailand, Malaysia, Vietnam, the Philippines and Pakistan.

Prognose des Fondsmanagements

Joshua Crabb
Harfun Ven

We have been discussing the concentrated nature of markets and the need for diversification. July was a reminder of this, with a rapid unwind of the AI trade despite no notable deterioration in fundamentals. This unwind removed a significant amount of leverage from the market, which is healthy and highlighted the benefits of a diversified portfolio. Valuations on a forward earnings basis are currently very attractive, while earnings revisions continue to remain strong. There are risks to earnings when taking a longer-term view, particularly in parts of the IT sector. With the recent sell-off in IT, some of these concerns have already been addressed.

Robeco Asia-Pacific Equities D USD

Asian all-cap value style with a proven track record

Merkmale

Über diesen Fonds

Wichtige Fakten

Fondsmanagement

Wertentwicklung

Kursentwicklung

Statistiken

Gebühren

Steuerliche Behandlung des Produkts

Steuerliche Behandlung des Anlegers

Fondsallokation

Richtlinien

Marktentwicklungen

Erläuterungen zur Wertentwicklung

Prognose des Fondsmanagements

Fondsdokumente

Jahres- und Halbjahresberichte

Bekanntmachungen

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