Robeco Sustainable Water G GBP

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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
LU2146191999
Bloomberg
ROSWEGG LX

Asset class

Equities

ISIN

LU2146191999

Bloomberg

ROSWEGG LX

Index

MSCI World Index TRN

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 9

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

( 30-11 )

Overview Performance & costs Portfolio Sustainability Commentary Documents

Key points

Investing in structural winners along the water value chain, including water efficiency solutions, wastewater treatment, and water infrastructure
Increasing pressure on water resources creates an urgent need for solutions that help to mitigate water scarcity and contribute to clean, safe and sustainable water supply
Strong tailwinds from government and corporate commitments to combat water scarcity, stricter environmental standards and increased focus and awareness on sustainable development

About this fund

Key facts

Per 30-11-2025

Total size of fund	GBP 2,121,871,137
Size of share class	GBP 32,221,905
Inception date share class	29-10-2020
1-year performance	0.64%
Dividend paying	Yes

Fund manager

Dieter Küffer CFA
Jindapa (Amy) Wanner-Thavornsuk CFA

Dieter Küffer is Portfolio Manager of the Robeco Sustainable Water strategy and member of the Thematic Investing team. He has managed the strategy since inception in 2001, the year he joined Robeco. In the past, he has also managed several other thematic strategies at Robeco. Prior to joining, he led a team responsible for the management of actively managed equity mandates on behalf of Swiss institutional clients at UBS Asset Management in Zurich. He began his career as an investment counsel in the Private Banking Division of UBS in 1986. Dieter Küffer holds a federal diploma as a Swiss-Certified Banking Expert and is a CFA® Charterholder. Amy Wanner-Thavornsuk is Co-Portfolio Manager of the Robeco Sustainable Water strategy and member of the Thematic Investing team. Prior to joining in 2019, she worked for 9 years at JPMorgan Assets Management in London, including her role as a senior fundamental analyst covering emerging market equities. She has been in the Financial Industry for 20 years with previous work experience in investment banking and consulting. She started her career as an auditor at PWC in Bangkok back in 2003. Amy holds a Bachelor of Science in Finance & Accounting from the Chulalongkorn University in Thailand and an MBA from the Bayes Business School, UK. She is a CFA® Charterholder.

Per period	Fund	Reference index
1 month	0.11%	-0.56%
3 months	2.48%	7.65%
YTD	5.12%	13.54%
1 year	0.64%	12.23%
2 years	10.11%	19.53%
3 years	7.15%	14.94%
5 years	7.39%	13.07%
10 years	11.21%	13.32%
Since inception 15-03-2013	10.77%	12.43%

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.	9.12	8.51
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.	-0.74	-0.54
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.	0.25	0.36
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..	-5.88	-4.37
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.	1.04	1.07
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).	14.28	14.71
Max. monthly gain (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	9.05	9.05
Max. monthly loss (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-6.29	-8.62

Date	Amount
23-04-2025	GBP 0.98
24-04-2024	GBP 0.91
27-04-2023	GBP 0.72
28-04-2022	GBP 2.51

Download dividend history

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.	0.96%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.75%
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.	0.05%

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.

Policies

Per 30-11-2025

Robeco Sustainable Water is an actively managed fund that invests globally in companies that contribute to clean, safe and sustainable water supply. This includes companies active in the fields of distribution, treatment and quality monitoring of water, that enable efficiency gains for more economical water use, more and better wastewater treatment and improved water infrastructure and quality. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The fund's objective is also to achieve a better return than the Benchmark. The strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si.
The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund contributes to water infrastructure and to distribution of tap water, and collection and treatment of wastewater and focuses on companies which supply to the value chain of water or which offer products or technologies which are more water efficient than others in their category. This is done by investing in companies that advance the following UN Sustainable Development Goals (UN SDGs): Good health and well-being, Clean water and sanitation, Industry, innovation and infrastructure, Sustainable cities and communities, Responsible consumption and production, Life below water and Life on land. The fund integrates ESG (Environmental, Social and Governance) factors in the investment processand applies Robeco’s Good Governance policy. The fund applies sustainability indicators, including but not limited to, normative, activity-based and region-based exclusions, and proxy voting.

Market development

Per 30-11-2025

Global markets were volatile in November as optimism over a potential Federal Reserve rate cut and strong corporate earnings clashed with concerns about the sustainability of the AI-driven rally. Large technology firms announced significant, debt-financed capital spending plans, unsettling investors and triggering sharp intraday swings. Losses in cryptocurrencies added further pressure. AI-related stocks declined sharply, except Google, which gained on progress in its AI initiatives. NVIDIA's strong earnings failed to lift the sector, as valuation concerns and doubts about profitability led to a sudden sell-off. Stability returned late in the month as attention shifted to the Fed, with futures pricing in a 90% probability of a December rate cut. The MSCI World Index fell 24 bps; healthcare was the best-performing sector, while information technology lagged. European equities were mixed, and Asian markets posted their first monthly decline in seven months amid tech valuation concerns and weak economic data.

Performance explanation

Per 30-11-2025

Based on transaction prices, the fund's return was 0.11%. The fund delivered a return of +0.63%, outperforming both the MSCI World Index and its investment universe. Outperformance was driven by strong stock selection and sector positioning, with high exposure to utilities and healthcare, and limited exposure to weaker sectors such as information technology and communication services. The Quality & Analytics cluster led gains, supported by the Water Analytics subcluster (+3.4%). Key contributors included Waters (+14%), benefiting from new product adoption and replacement cycles, and our largest holding in Agilent (+4.3%), supported by strong pharma demand. Ecolab also added positively, while Coway (-6%) declined due to market rotation in South Korea. The Capital Goods & Chemicals cluster posted a negative return but beat benchmarks; Kurita delivered strong results on margin improvements and semiconductor-related services. Construction & Materials was mixed: Building Materials rose on rate cut expectations, while AECOM and Jacobs lagged amid AI concerns. Utilities contributed positively, led by Waste Management Inc, Clean Harbors, and overall water utilities, especially Maynilad (+7.5%).

Expectation of fund manager

Dieter Küffer CFA
Jindapa (Amy) Wanner-Thavornsuk CFA

We are disciplined in our fundamental research and valuation methodology. Overall, the fund is still overweight in analytical water equipment due to its relative valuation. In Construction & Materials, our positioning is neutral. We prefer to focus on companies active in resilient infrastructure and remain selective in residential housing, where there are signs of a demand trough. The fund is overweight in Veolia Environnement, slightly overweight in UK water utilities and holds a small holding in a Brazilian water provider. US water utilities are underweight as they are rather expensive considering the high yield in US Treasuries.

Robeco Sustainable Water G GBP

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Key points

About this fund

Key facts

Fund manager

Performance

Statistics

Dividend paying history

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

Announcements

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