Robeco European High Yield Bonds IH CHF

Investing in euro-denominated credits issued by companies with a sub-investment grade rating

基金類別 基金類別 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.

類別和代碼

資產類別
Bonds
ISIN
LU2740243303
彭博
RBGEHIH LX

資產類別

Bonds

ISIN

LU2740243303

彭博

RBGEHIH LX

指數

Bloomberg Pan-European HY Corporate ex Financials 2.5% Issuer Constraint index (hedged into CHF)

可持續發展相關信息
可持續發展相關信息
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.

第8條

概要表現及費用基金組合可持續性評論文件

重點

Managed with an active, quality tilted investment style
Disciplined and repeatable investment process
Experienced and stable investment team

基金簡介

Robeco European High Yield Bonds is an actively managed fund that invests predominantly in bonds with a sub-investment grade rating, issued primarily by European issuers. The selection of these bonds is based on fundamental analysis. The fund's objective is to provide long-term capital growth. The portfolio is broadly diversified, with a structural bias towards the higher rated part in high yield (BB/B). Performance drivers are the top-down beta positioning as well as bottom-up issuer selection.

基金資料

截至 30-06-2026

基金規模	CHF 272,495,369
股份類別規模	CHF 57,667,394
股份類別成立日期	23-01-2024
1年表現	2.08%
股息分派	不派息

基金經理

Daniel de Koning
Sander Bus
Roeland Moraal
Christiaan Lever

Daniel de Koning is a portfolio manager high yield in the Credit team. Prior to joining Robeco in 2020, he was a portfolio manager high yield at NN Investment Partners. Daniel started his career in 2011 at APG Asset Management, where he held roles of credit analyst and portfolio manager high yield. He holds a Master’s in Business Economics from the University of Amsterdam and he is a CFA® and CAIA® charterholder. Sander Bus is CIO and a portfolio manager high yield bonds in the Credit team. He has been dedicated to high yield at Robeco since 1998. Previously, Sander worked for two years as a fixed income analyst at Rabobank where he started his career in the industry in 1996. He holds a Master's in Financial Economics from Erasmus University Rotterdam and he is a CFA® Charterholder. Roeland Moraal is Head of Leveraged Finance, and a portfolio manager high yield in the Credit team. Before assuming this role, he was a portfolio manager in the Robeco Duration team and worked as an analyst with the Institute for Research and Investment Services. Roeland started his career in the industry in 1997. He holds a Master's in Applied Mathematics from the University of Twente and a Master’s in Law from Erasmus University Rotterdam. Christiaan Lever is a portfolio manager high yield in the Credit team. Before assuming this role in 2016, he was a financial risk manager at Robeco, focusing on market risk, counterparty risk and liquidity risk within fixed Income markets. Christiaan has been active in the industry since 2010. He holds a Master's in Quantitative Finance and in Econometrics from Erasmus University Rotterdam and he is a CFA® Charterholder.

期間回報	基金	Index
1個月	0.27%	0.27%
3個月	2.84%	2.59%
年初至今	0.45%	0.38%
1年	2.08%	1.82%
2年	2.78%	3.09%
成立日期 23-01-2024	2.43%	2.89%

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.	0.65%
包含管理費 A fee paid by the fund to the asset management company for the professional management of the fund.	0.50%
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.	0.00%

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.

市場發展

截至 30-06-2026

In June, the euro high yield benchmark returned 0.46%. Credit excess returns were strong over the month, with a positive contribution from rates return as well, which ended the period flat, with the 10-year German yield at 2.86%. The portfolio outperformed by 8 bps. Issuer selection was positive, adding 8 bps to performance, while beta positioning's contribution was -1 bps. Single Bs had the best risk-adjusted returns, followed by BBs, while junk posted quite weak returns. From a sector perspective, overweight in the banking and underweight in the communications sectors added 7 and 6 bps, whereas underweight in the technology and underweight in the transportation sectors detracted 2 and 2 bps. Underweight in Virgin Media contributed 6 bps, as bonds slipped over the month on negative sentiment building up from the previous month's news. Overweight in Paragon bonds detracted 2 bps; despite a decent set of numbers, the company still is suffering from the software sell-off.

基金表現分析

截至 30-06-2026

Based on transaction prices, the fund's return was 0.27%. In June, euro high yield widened by 3 bps to 279, and YTW rose 6 bps to 5.63%. The Iran conflict took a decisive turn in June after the US and Iran signed an understanding, sending TTF gas tumbling below USD 39/MWh before settling around USD 42 as traders questioned the pace of any Hormuz reopening. EU storage stood at just 46% of capacity, well below the five-year average. Eurozone flash CPI surprised to the downside at 2.8% in June (from 3.2% in May), with energy inflation easing to 8.7% and core falling to 2.4. The ECB unanimously hiked 25 bps to 2.25% on June 11 and revised 2026 inflation up to 3.0% and growth down to 0.8%; markets expect a second hike in September. In the UK, May CPI held at 2.8%, the BoE kept rates at 3.75% with an encouraging outlook on inflation due to the oil price falling. Euro high yield issuance was elevated in June, with 18.7 bln of high yield bonds issuance and one default affecting the market.

基金經理預期

Daniel de Koning
Sander Bus
Roeland Moraal
Christiaan Lever

European high yield enters 2026Q3 with spreads still relatively tight, despite a complex backdrop. Gulf tensions have eased and oil prices retraced, which should temper inflation and reduce the case for further tightening from the ECB and Fed – reinforced by signs of a cooling US labor market. Geopolitical risk hasn't gone away, however: the Russia-Ukraine conflict has entered a more unpredictable phase, and while markets have largely shrugged this off, the risk of tail events and volatility spikes remains underappreciated. The AI investment cycle continues to drive demand for semiconductors, power and data infrastructure, creating pockets of strength but also adding to inflationary pressures. Dispersion remains elevated – most issuers trade well inside historical averages while a tail of credits widens on company-specific stress, refinancing risk or structural disruption, with AI-related business model challenges an important area of focus. We continue to emphasize resilient business models, solid balance sheets and careful risk selection, while avoiding areas where spreads offer insufficient compensation for Europe's macro and geopolitical risks.

Robeco European High Yield Bonds IH CHF

Investing in euro-denominated credits issued by companies with a sub-investment grade rating

重點

基金簡介

基金資料

基金經理

基金表現

價格走勢