Robeco Sustainable Emerging Stars Equities Y USD

High conviction in the most attractive emerging countries

Classe di azioni Classe di azioni 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.

Classe e codici

Asset class
Equities
ISIN
LU2723533019
Bloomberg
ROBSUSY LX

Asset class

Equities

ISIN

LU2723533019

Bloomberg

ROBSUSY LX

Benchmark

MSCI Emerging Markets Index (Net Return, USD)

Informativa sulla sostenibilità
Informativa sulla sostenibilità
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.

Articolo 8

Panoramica Performance & costi Portafoglio Sostenibilità Commento Documenti

Punti chiave

Concentrated portfolio
Focuses on the most attractive emerging countries
Improved environmental footprint, generates a positive ESG impact.

Caratteristiche del fondo

Robeco Sustainable Emerging Stars Equities is an actively managed fund that invests in equities in emerging countries across the world. 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 has a concentrated portfolio and selects investments based on a combination of top-down country analysis and bottom-up stock ideas. The focus is on companies with a sound business model, solid growth prospects and reasonable valuation. The fund aims at selecting stocks with relatively low environmental footprints compared to stocks with high environmental footprints.

Aspetti principali

Al 31-07-2026

Dimensione del fondo	USD 688,327,556
Dimensione della classe di azioni	USD 1,565,978
Data di inizio della classe di azioni	19-12-2023
Performance 1 anno	53.83%
Pagamento del dividendo	Accumulazione

Gestore

Jaap van der Hart
Karnail Sangha

Jaap van der Hart is the Lead Portfolio Manager of Robeco’s High Conviction Emerging Stars strategy. Over time, he has been responsible for the investments in South America, Eastern Europe, South Africa, Mexico, China and Taiwan. He also coordinates the country allocation process. He started his career in the investment industry in 1994 at Robeco's Quantitative Research department and moved to the Emerging Markets Equity team in 2000. Jaap holds a Master's in Econometrics from Erasmus University Rotterdam. He has published several academic articles on stock selection in emerging markets. Karnail Sangha is a Portfolio Manager within the Emerging Markets Equity team and provides analytical research coverage on India. He is Co-Portfolio Manager for the Emerging Stars and Sustainable Emerging Stars Equity strategies. Prior to joining Robeco in 2000, Karnail was a Risk Manager/Controller at Aegon Asset Management where he started his career in the industry in 1999. He holds a Master's in Economics from Erasmus University Rotterdam and is a CFA® charterholder. Karnail is also fluent in Hindi and Punjabi.

Per periodo	Fondo	Index
1 mese	-1.26%	-3.07%
3 mesi	8.73%	4.82%
Ytd	28.61%	20.04%
1 anno	53.83%	36.44%
2 anni	36.09%	26.45%
Dal lancio 19-12-2023	27.90%	24.38%

Costi del fondo	Percentuale
Spese correnti 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.	0.81%
Commissione di gestione incluse A fee paid by the fund to the asset management company for the professional management of the fund.	0.64%
Commissione di servizio incluso This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Costi di transazione The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.14%

Trattamento fiscale del prodotto

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.

Trattamento fiscale dell'investitore

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.

Politiche

Al 31-07-2026

Sviluppo del mercato

Al 31-07-2026

In July, emerging markets declined 3.7% (EUR), thereby underperforming versus developed markets that declined 0.1% (EUR). Performance overall in July was primarily weighed down by a broad-based correction across AI and technology-related holdings, with the impact most pronounced in South Korea and, to a lesser degree, Taiwan. Investor sentiment weakened amid renewed scrutiny of the sector's fundamentals, including the sustainability of AI-related capital expenditure, concerns regarding funding requirements and commercialization. The decline was further exacerbated by technical factors in South Korea, where crowded positioning was unwound through hedge fund de-risking and the reduction of leveraged ETF exposures. Signs of stabilization emerged late in the month as the deleveraging process appeared largely complete, supporting a strong rebound in South Korean equities on the final trading day of the month. Renewed geopolitical tensions in the Middle East after the breakdown of the ceasefire established in June led to a renewed escalation in hostilities, while continued disruptions to shipping routes in the Red Sea added to market uncertainty and pushed the oil price significantly higher.

Spiegazione della performance

Al 31-07-2026

Based on transaction prices, the fund's return was -1.26%. In July, the fund outperformed the MSCI Emerging Markets, driven by strong stock selection while country allocation was negative. Negative country allocation came mostly from South Korea (overweight), while positive country allocation came from Brazil (overweight), Taiwan (underweight) and Indonesia (overweight). Stock selection was particularly strong in China, where internet-related holdings performed well, including JD.com (e-commerce), Trip.com (online travel) and Vipshop (online discount retail). Other positive contributors in China included PICC P&C (insurance), CATL (EV batteries), WuXi AppTec (biotech), Haier Smart Home (home appliances), Yadea (electric scooters) and Ping An (life insurance). Selected bans in the fund also outperformed during July, including Bank Rakyat (Indonesia), Hana Financial (South Korea), Grupo Banorte (Mexico), Erste Bank Polska (Poland) and Kasikorn Bank (Thailand). In Taiwan, Wiwynn (servers) and Asustek (PCs & servers) delivered strong performance.

Aspettative del gestore

Jaap van der Hart
Karnail Sangha

The conflict in the Middle East is a significant shock with a big impact on the region and on global oil and gas prices. Even though the most likely scenario is that the conflict will be relatively short, risks do remain for a longer conflict and larger impact. Also economically, the US has become a source of more uncertainty on interest rate policy, important tariffs and policy making. Emerging markets are having to rely more on their own domestic policies and growth opportunities. We still expect higher structural economic growth compared to developed markets, while macroeconomic stability has significantly improved. Emerging equity markets' valuations have become attractive relative to developed markets, with discounts of more than 35% based on earnings multiples. Expected earnings growth is 46% for 2026 and 17% for 2027, both above developed markets.

Robeco Sustainable Emerging Stars Equities Y USD

High conviction in the most attractive emerging countries

Punti chiave

Caratteristiche del fondo

Aspetti principali

Gestore

Performance

Evoluzione dei prezzi

Costi

Trattamento fiscale del prodotto

Trattamento fiscale dell'investitore

Allocazione del fondo

Politiche

Sviluppo del mercato

Spiegazione della performance

Aspettative del gestore

Documenti del fondo

Relazioni annuali/semestrali

Annunci

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