Robeco BP Global Premium Equities F GBP

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

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
Equities
ISIN
LU1362999218
Bloomberg
ROGFGBP LX

Asset class

Equities

ISIN

LU1362999218

Bloomberg

ROGFGBP LX

Index

MSCI World Index (Net Return, GBP)

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

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

( 30-04 )

Overview Performance & costs Portfolio Sustainability Commentary Documents

Key points

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

About this fund

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.

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Key facts

Per 30-04-2026

Total size of fund	GBP 6,656,634,566
Size of share class	GBP 28,523,190
Inception date share class	18-02-2016
1-year performance	23.79%
Dividend paying	No

Fund manager

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 period	Fund	Index
1 month	2.38%	6.35%
3 months	1.50%	4.38%
YTD	3.52%	4.60%
1 year	23.79%	26.95%
2 years	15.51%	15.53%
3 years	15.33%	16.62%
5 years	12.26%	11.71%
10 years	11.83%	13.50%
Since inception 17-02-2016	12.32%	13.90%

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.	7.63	8.54
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.	-0.05	0.17
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.	1.15	0.92
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..	3.25	4.28
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.	0.69	0.64
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).	10.05	10.52
Max. monthly gain (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	6.01	8.76
Max. monthly loss (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-6.11	-6.63

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.	0.84%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.63%
Included service fee This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Transaction costs The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.44%

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.

Market development

Per 30-04-2026

Stocks rallied in April, propelled by news of a ceasefire agreement in the Middle East, a decline in oil prices, and strong corporate earnings. Technology stocks rebounded, and emerging markets dominated by semiconductor companies delivered outsized gains. Growth outpaced value in many markets, and developed non-US markets generally lagged the United States.

Performance explanation

Per 30-04-2026

Based on transaction prices, the fund's return was 2.38%. Robeco BP Global Premium Equities trailed the core MSCI World Index in the month of April, with sector allocation being the largest detractor from relative returns. The fund's large underweight in the information technology sector has been the primary cause of underperformance, with the sector soaring over 17.5% higher, in USD terms. Overweight exposure to energy and healthcare also weighed on relative results. Stock selection was strong in the energy sector in April, with off-benchmark holdings Saipem and Vallourec and avoiding ExxonMobil adding most value. Strong stock picking also came in the industrials sector with Cummins, HD Korea Shipbuilding, United Rentals and Fuji Electric all performing robustly. An area of weakness to stock selection came in communication services, largely driven by not holding Alphabet. Regionally, North America was the largest detraction, with the largest contribution coming from Japan.

Expectation of fund manager

Christopher Hart CFA
Joshua Jones CFA
Soyoun Song

While market breadth expanded through the first quarter, we have recently seen breadth return to near-record lows, as investors have piled back into a small cohort of businesses on the prospect of the war in Iran ending. Simultaneously, however, interest rates remain at elevated levels, with indications that there may be rate hikes on the horizon, inflation remains elevated and energy markets remain constrained. The changes in leadership (i.e. growth vs. value) seen so far this year have resulted in volatility that tends to favor stock pickers such as Boston Partners. Looking forward, having a long-tenured, disciplined approach in these environments is essential and we continue to focus on attractively valued businesses with high fundamental quality and improving business momentum.

Robeco BP Global Premium Equities F GBP

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

Key points

About this fund

Is it time to diversify beyond the US?

Read our three-part investment series aimed at exploring regional alternatives to US-centric growth.

Key facts

Fund manager

Performance

Statistics

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

Finding value in high-valuation markets

Announcements

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