RobecoSAM Biodiversity Equities I USD
Investing in companies that benefit from the transition to a nature-positive world
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.
I-USD
D-EUR
D-USD
F-EUR
F-USD
I-EUR
Z-GBP
Class and codes
Asset class:
Equities
ISIN:
LU2539441704
Bloomberg:
RBCEQIU 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
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Thematic investment opportunities in solutions and companies that sustainably use or help to restore nature’s resources
- Regulation to better protect nature and changing consumer behavior to benefit biodiversity-aligned companies
- Driving change through active engagement on biodiversity topics
About this fund
RobecoSAM Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. 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 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 also aims to achieve a better return than the index.
Key facts
Total size of fund
$ 5,066,526
Size of share class
$ 30,151
Inception date share class
31-10-2022
1-year performance
8.07%
Dividend paying
No
Fund manager
David Thomas
David Thomas is Portfolio Manager of the RobecoSAM Biodiversity Equities strategy and member of the Thematic Investing team. Prior to joining Robeco in 2022, he was a portfolio manager at Ellerston Capital, managing multiple strategies, including a fund for one of the world’s largest sovereign wealth asset owners. David brings 29 years of experience in financial markets having worked for global corporations, including Price Waterhouse Coopers, Macquarie Bank, Morgan Stanley and CLSA. His expertise in equity markets with special focus on the consumer and IT sectors has been honed over multiple roles, both in Sydney and London. David holds a Bachelor of Business from Swinburne University and successfully completed the leadership program at Harvard Business School.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
4.88%
3.21%
3 months
4.93%
8.88%
YTD
4.93%
8.88%
1 year
8.07%
25.11%
Since inception 11/2022
14.61%
25.55%
2023
6.51%
23.79%
Costs
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.
0.98%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.85%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.12%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.10%
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 0.01% 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.
Fiscal treatment of investor
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.
Fund allocation
Asset
Currency
Sector
Top 10
- Asset
- Currency
- Sector
- Top 10
Policies
Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.
This share class of the fund does not distribute dividend.
RobecoSAM Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. 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 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 also aims to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to support the sustainable use of natural resources and ecosystem services, as well as technologies, products and services that help to reduce Biodiversity threats or restore natural habitats. This is done by investing in companies that advance the following UN Sustainable Development Goals (UN SDGs): Good health and well-being (SDG 3), Industry, innovation and The investment policy is not constrained by a Benchmark but the Sub-fund may use a benchmark for comparison purposes. The Benchmark is a broad market weighted index that is not consistent with the sustainable investment objective pursued by the Sub-fund.
Sustainability-related disclosures
Febelfin
Febelfin
The fact that the sub-fund has obtained this label does not mean that it meets your personal sustainability goals or that the label is in line with requirements arising from any future national or European rules. The label obtained is valid for one year and subject to annual reappraisal. More information on this label.
Sustainability profile
ESG Important Information
The sustainability information below can help investors integrate sustainability considerations in their process. This information is for informational purposes only. The reported sustainability information may not at all be used in relation to binding elements for this fund. A decision to invest should take into account all characteristics or objectives of the fund as described in the prospectus.
Sustainability
The fund's sustainable investment objective is to support the sustainable use of natural resources and ecosystem services that help to reduce Biodiversity threats or restore natural habitats. This is achieved by incorporating sustainability considerations in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policyThe following sections display the ESG-metrics for this fund along with short descriptions. For more information please visit the sustainability-related disclosures.The index used for all sustainability visuals is based on MSCI World Index TRN.
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Market development
Many questioned whether the late rally in 2023 would be sustained in 2024 and the first quarter has delivered a resounding yes. This is despite interest rate cut expectations being both pushed out until June and reduced in number. The rise in equity markets was again driven by the 'Magnificent Seven' but happily for many, it also broadened out to include many other names. The MSCI World jumped 11% in EUR terms for the quarter, making it the best start to the year since 2019. Global markets mostly joined in, with a particular note on the Japanese Nikkei Index which surged more than 20%. The only exception to the equity party was Hong Kong, which fell 3%.
Performance explanation
Based on transaction prices, the fund's return was 4.88%. The fund's performance for the month was in line with the general market and slightly above the investable universe. For the month, our faith in Tomra Systems was on the right side of the trading ledger and contributed significantly to the solid overall returns. Tomra reported very strong Q4 numbers, with both collection and recycling surpassing expectations. The rollout of container deposit schemes in Romania, Hungary and Ireland supported record revenue outcomes for the group. In addition, Japanese waste processing company Hitachi Zosen also reacted strongly to very good results, with that stock adding 34% for the month. Another highlight was US organic food retailer Sprouts Farmers Market, up 24% for the month. On the flip side, Signify struggled on the back of soft revenue guidance. The stock finished the month down 12% and is currently trading on trough multiples at what appears to be trough earnings.
Expectation of fund manager
David Thomas
The bull market now appears firmly in place, even with the delay in rate cuts not being enough to upset the trajectory. The US economy continues to power on, and while China and some pockets of Europe are struggling, the market is fixated on positive news. Our barbell approach with exposure to cyclical sectors, counterbalanced with defensive sectors, should hopefully allow for our stock-picking skills to shine.