Robeco Asia-Pacific Equities I EUR

Asian all-cap value style with a proven track record

Clase de acción Clase de acción 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.

Clase y códigos

Clase de activos
Equities
ISIN
LU1493701376
Bloomberg
RAPAEIE LX

Clase de activos

Equities

ISIN

LU1493701376

Bloomberg

RAPAEIE LX

Índice

MSCI AC Asia Pacific Index (Net Return, EUR)

Información sobre sostenibilidad
Información sobre sostenibilidad
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.

Artículo 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 )

Visión general Rentabilidad & costes Cartera de valores Sostenibilidad Comentario Documentos

Puntos clave

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

Acerca de este fondo

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.

Hechos clave

A 30-06-2026

Tamaño del fondo	EUR 1,977,945,473
Tamaño de la clase de acción	EUR 478,849,937
Fecha de creación de la clase de acciones	23-09-2016
Rendimiento de 1 año	52.71%
Pago de dividendos	No

Gestor del fondo

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.

Por periodo	Fondo	Index
1 mes	-0.73%	0.90%
3 meses	19.78%	22.43%
YTD	29.89%	24.78%
1 año	52.71%	40.85%
2 años	28.20%	21.72%
3 años	23.60%	19.50%
5 años	14.27%	8.87%
Desde inicio 22-09-2016	10.78%	9.21%

Estadísticas	3 años	5 años
Error de seguimiento 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.	3.85	3.99
Ratio de información 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.	1.46	1.59
Ratio de 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.	1.39	0.89
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..	3.39	5.96
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.	1.10	1.00
Desviación estándar 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).	16.09	14.81
Máx. ganancia mensual (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	11.61	11.61
Máx. pérdida mensual (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-12.84	-12.84

Coste de este fondo	Porcentaje
Gastos corrientes 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.	0.97%
Comisión de gestión incluida A fee paid by the fund to the asset management company for the professional management of the fund.	0.80%
Comisión de servicio incluida This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Gastos transaccionales The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.07%

Tratamiento fiscal del producto

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.

Tratamiento fiscal del inversor

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.

Evolución del mercado

A 30-06-2026

The MSCI Asia Pacific declined 1.1% in a volatile month shaped by four key dynamics: falling commodity prices on Iran peace deal progress, a stronger USD and hawkish tone from incoming Fed Chair Warsh's debut FOMC, AI hardware turbulence (ultimately recovered on Micron/Broadcom results), and leveraged ETF-driven volatility in South Korea. North Asia outperformed, with Taiwan (+1.4%) and South Korea (+0.1%) supported by continued AI infrastructure demand and upward EPS revisions. Both governments announced large state-backed AI investment plans. China was the primary regional drag (MSCI China -7.1%), hurt by weak domestic activity, negative EPS revisions and offshore internet underperformance – though notable dispersion persists, with offshore equities at 52-week lows while onshore STAR50 surged +26%. India (+1.5%) and ASEAN (+0.1%) benefited from moderating oil prices. Indonesia (-9.1%) was the worst performer, with an MSCI index reclassification risk an ongoing overhang.

Explicación del rendimiento

A 30-06-2026

Based on transaction prices, the fund's return was -0.73%. The portfolio underperformed versus the benchmark by 0.70% in June. South Korea was the largest contributor, as the market continued to perform well as one of the cheapest global plays on AI 'picks and shovels'. Followed by small positive contributions from Thailand, Malaysia, Vietnam, the Philippines and Pakistan. The detractors were led by our underweight in Taiwan, which benefited from the same positives as South Korea. Australia was the next-largest detractor, followed by China and Singapore. Indonesia, Japan, Hong Kong, New Zealand and India all had small negative impacts.

Expectativas del gestor del fondo

Joshua Crabb
Harfun Ven

Asia Pacific equities underperformed versus global markets last month but remain one of the strongest-performing regions over the past 18 months. Market leadership continues to be concentrated in AI-related technology companies, particularly in South Korea, Taiwan and Japan. Encouragingly, ongoing investment in AI infrastructure and sustained demand across semiconductor and related supply chains continue to support earnings growth. At the same time, the sharp decline in oil prices has materially reduced a key inflation risk, improving the broader macro backdrop for the region.