Robeco Transition Asian Bonds D USD

Finding alpha in opportunities that support the sustainable transition in Asia

Aandelenklassen Aandelenklassen 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.

Klasse en codes

Fondscategorie
Bonds
ISIN
LU2465793185
Bloomberg
RSSADUS LX

Fondscategorie

Bonds

ISIN

LU2465793185

Bloomberg

RSSADUS LX

Index

JP Morgan Asia Credit Index

Informatieverschaffing over duurzaamheid
Informatieverschaffing over duurzaamheid
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.

Artikel 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

( 31-07 )

Overzicht Rendement & kosten Portefeuille Duurzaamheid Commentaar Documenten

Kernpunten

Finding alpha in opportunities that support the sustainable transition in Asian bonds
Leveraging on Robeco proprietary sustainability research and IP with strong expertise in Asian bonds.
Enables investors to tap into the potential growth of the transition from both financial and sustainability perspectives.

Over dit fonds

Robeco Transition Asian Bonds is an actively managed fund that invests in corporate and government bonds in Asia. The fund aims to make investments in assets with a sustainable objective as well as investments in assets that contribute to a transition. Transition pertains to activities that measurably and credibly contribute to the goals of the Paris Agreement and/or an environmental and/or social objective. This is achieved by investing in entities that have credible emission reduction targets, entities that provide solutions to enable climate change mitigation and bonds to finance sustainability transformation or refinance, in part or in full, new and/or existing projects with an environmental and/or social objective. The selection of these bonds is based on fundamental analysis. The fund's objective is to provide long-term capital growth.

Belangrijke feiten

Per 31-07-2026

Totale fondsgrootte	USD 11,846,473
Grootte van de shareclass	USD 11,687,190
Ingangsdatum shareclass	17-05-2022
1-jaars rendement	3.33%
Dividenduitkerend	Nee

Fondsmanager

Thu Ha Chow
Frank Reynaerts
Evert Giesen

Based in Singapore, Thu Ha Chow is Head of Fixed Income Asia and a portfolio manager emerging and Asian credits in the Credit team. Prior to joining Robeco in 2022, she was a portfolio manager and Asia strategist at Loomis Sayles & Co and Head of Asian Credit at Aberdeen Asset Management, both in Singapore. Previously Thu Ha worked for 15 years in London where she held senior fixed income positions at Deutsche Asset Management and Threadneedle Asset Management in addition to 3 years in investment banking at Credit Suisse First Boston. She started her career in 1998 after obtaining a Master’s in Economics and Philosophy from London School of Economics. Frank Reynaerts is a portfolio manager emerging and Asian Credits. Frank joined Robeco in 2011 as a portfolio manager emerging debt. Prior to that, he was a portfolio manager investment grade credits at Syntrus Achmea, a portfolio manager emerging debt at Lombard Odier and portfolio manager fixed income at Fortis. Frank started his career in 1997 at ASLK Bank as a risk analyst. He holds a Master’s in Commercial and Financial Sciences from EHSAL Business School of Brussels and he is a CFA® Charterholder. Evert Giesen is a portfolio manager investment grade, emerging and Asian credits in the Credit team. Previously, he was an analyst, responsible for covering the automotive sector within the Credit team. Prior to joining Robeco in 2001, Evert worked at AEGON Asset Management for four years as a fixed income portfolio manager. He has been active in the industry since 1997 and holds a Master's in Econometrics from Tilburg University.

Per periode	Fonds	Index
1 maand	-0.78%	-0.80%
3 maanden	-0.09%	0.09%
YTD	0.43%	0.42%
1 jaar	3.33%	4.02%
2 jaar	4.60%	5.02%
3 jaar	5.30%	6.02%
Sinds oprichting 17-05-2022	3.76%	4.59%

Statistieken	3 jaar	5 jaar
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.	0.62	-
Informatieratio 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.	0.91	-
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.	0.50	-
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..	0.49	-
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	-
Standaarddeviatie 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).	3.96	-
Max. maandelijkse winst (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	3.71	-
Max. maandelijks verlies (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-1.70	-

Kosten van dit fonds	Percentage
Lopende kosten 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.	1.22%
Inbegrepen beheervergoeding A fee paid by the fund to the asset management company for the professional management of the fund.	1.00%
Inbegrepen serviceprovisie This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Transactiekosten The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.13%

Fiscale behandeling product

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.

Fiscale behandeling belegger

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.

Marktontwikkeling

Per 31-07-2026

July's returns in Asian corporate credit were driven by interest rates rather than spreads. The 5-year US Treasury yield rose 15 bps and the 10-year 27 bps over the month, while Asian spreads were little changed. Dispersion by quality was wide: investment grade returned -0.9% as longer duration absorbed the treasury move, against +0.2% for high yield, where shorter maturities, higher carry and spread compression of 12 bps to 285 bps provided a cushion. Regional dispersion was equally pronounced, with Indonesian high yield and Macau gaming wider on macro and geopolitical risk, while Indian high yield and renewables tightened. The Iran war, now in its sixth month, returned as the dominant geopolitical overhang for the region's energy importers. Technicals remain solid as gross primary supply slowed to USD 14 billion and net financing turned negative, with redemptions and coupons outweighing new issues.

Toelichting rendement

Per 31-07-2026

Based on transaction prices, the fund's return was -0.78%. Underweights in Indonesia and the Philippines contributed to performance, as did the overweights in India, Australia and Japan. Overweights in utilities, consumer non-cyclicals and banking and underweights in sovereigns contributed to performance. At the issuer level, overweights in Adani Green Energy and Longfor contributed positively while overweights in Alibaba detracted from relative performance.

Verwachting van de fondsmanager

Thu Ha Chow
Frank Reynaerts
Evert Giesen

We expect Asian credit returns to remain primarily carry-driven, but with a wider range of outcomes as interest rates rather than spreads set the tone. With Asian IG spreads close to historic tights, there is limited cushion against a further rates shock, and Fed policy uncertainty should keep duration the dominant swing factor. Spreads are therefore likely to remain range-bound, with a bias toward episodic widening rather than sustained tightening. Technicals may turn less supportive: negative net financing has flattered the market, and regional issuance tends to pick up after the summer. Renewed Middle East escalation remains the clearest spread risk, transmitted through higher oil and LNG prices, with energy-importing issuers most exposed. Fundamentals start from a solid base, supported by moderate leverage, stable cash flows and contained default expectations. We continue to favor BBB-BB credit over lower-rated high yield (where dispersion is likely to remain high), prefer financials (here capital and asset quality remain strong), and remain cautious on cyclicals exposed to growth, energy costs or margin pressure.

Robeco Transition Asian Bonds D USD