BP US Premium Equities IH GBP - LU1578129394

重點

All cap value fund.
Selects the best investment candidate available irrespective of its market cap
Bottom-up fundamental research investment discipline.

基金簡介

Robeco BP US Premium Equities is an actively managed fund that invests in value stocks in the United States. The selection of these value stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The portfolio is consistently built from the bottom up, to exhibit attractive valuation, strong business fundamentals and improving business momentum. These companies can be large-caps, mid-caps or small-caps.

基金資料

截至 30-06-2026

基金規模	GBP 4,512,450,646
股份類別規模	GBP 6,377,534
股份類別成立日期	16-03-2017
1年表現	21.30%
股息分派	不派息

基金經理

Duilio R. Ramallo CFA

Mr. Ramallo is the Senior Portfolio Manager of the Boston Partners Premium Equity strategy. Previously, he was the assistant portfolio manager of the Boston Partners Small Cap Value strategies. Prior to his portfolio management roles, Mr. Ramallo was a research analyst for Boston Partners. He joined the firm in December 1995 from Deloitte & Touche L.L.P. where he spent three years, most recently at its Los Angeles office. Mr. Ramallo earned a B.A. in Economics/Business from the University of California at Los Angeles and an M.B.A. from the Anderson Graduate School of Management at UCLA. He holds the Chartered Financial Analyst® designation. He is also a Certified Public Accountant (inactive). Mr. Ramallo began his career in the investment industry in 1995.

期間回報	基金	Index
1個月	3.19%	2.39%
3個月	15.14%	13.86%
年初至今	11.76%	16.26%
1年	21.30%	27.30%
2年	16.37%	20.08%
3年	14.83%	17.34%
5年	9.35%	10.03%
成立日期 15-03-2017	9.05%	9.25%

基金數據	3年	5年
事後追蹤誤差(%) 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.	3.34	3.53
信息比率 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.	-0.47	0.07
夏普比率 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.	0.92	0.46
阿爾法系數(%) 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..	-0.38	0.56
貝塔值 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.	0.91	0.94
標準差 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).	12.17	14.65
最大月收益 (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	7.98	12.89
最大月損失 (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-5.67	-8.45

本基金費用	百分比
持續收費 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.	0.83%
包含管理費 A fee paid by the fund to the asset management company for the professional management of the fund.	0.70%
包含服務費 This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.12%
交易費用 The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.19%

財政產品處理

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.

投資者的稅務安排

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.

基金政策

截至 30-06-2026

市場發展

截至 30-06-2026

The S&P 500 recorded a decline in June, the benchmark's first monthly loss since March, largely due to growing doubts regarding the massive expenditures numerous companies have made on artificial intelligence initiatives and their capacity to recoup their investments. Seven S&P 500 sectors registered gains for the month, led by industrials. Value outpaced growth across all market capitalizations, while smaller companies outpaced large companies on balance.

基金表現分析

截至 30-06-2026

Based on transaction prices, the fund's return was 3.19%. Robeco BP US Premium Equities outperformed the Russell 3000 Value Index in June, with sector allocation driving relative results. The fund's meaningful overweight in information technology had the largest impact, as the sector climbed 6% higher in the month. Overweight exposure to financials and healthcare also contributed to relative results, as did the fund's underweight exposure to the energy sector. Stock selection was mixed over the period, with information technology and industrials picks collectively detracting more from performance than was added by strong selection in communication services, consumer discretionary and consumer staples. Within information technology, Oracle, overweight exposure to Microsoft, underweight exposure to Micron Technology and avoiding Intel weighed on relative results, offsetting strong contributions from semiconductor related holdings KLA, Marvell and Lam Research. In industrials, SS&C Technologies fell over 7%, while not owning expensive machinery company Caterpillar impacted performance. On the positive side, underweight exposure to Alphabet and avoiding AT&T in the communication services sector aided performance.

基金經理預期

Duilio R. Ramallo CFA

Despite the S&P 500 Index reaching record highs in the first half of this year, consensus forecasts call for continued gains in the months ahead. A growing economy, resilient labor market, and stable inflation backdrop provide meaningful support for equities. However, the optimism embedded in these forecasts – and the market's increasing reliance on a handful of large technology companies to drive earnings growth – warrants a degree of caution. 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.