Robeco Flexible Allocation Z EUR

Flexible strategy seeking alpha opportunities that targets cash+4% total return throughout the market cycle

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
Asset Allocation
ISIN
LU2895059462
Bloomberg
ROBFAZE LX

Asset class

Asset Allocation

ISIN

LU2895059462

Bloomberg

ROBFAZE LX

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 8

Overview Performance & costs Portfolio Sustainability Commentary Documents

Key points

Multi-strategy approach leveraging best investment ideas from all of Robeco
Aims to outpace inflation, protecting and increasing the real value of investments
Unconstrained by a benchmark: dynamic allocation driven by Robeco’s 5-year Expected Returns

About this fund

Robeco Flexible Allocation is an actively managed global multi asset fund. The aim of the fund is to achieve long term capital growth by taking global exposure to asset classes such as equities, bonds, deposits, Alternative Investments and/or other generally accepted asset classes. The fund applies a flexible allocation strategy to various global asset classes, seeking to balance the trade-off between risk and return. This means the fund's portfolio composition will be determined and adjusted based on market conditions. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk return profile of the fund.

Key facts

Per 31-10-2025

Total size of fund	EUR 33,573,080
Size of share class	EUR 12,679,735
Inception date share class	24-09-2024
1-year performance	5.40%
Dividend paying	No

Fund manager

Ernesto Sanichar
Arnout van Rijn
Daniel Lai

Ernesto Sanichar is Portfolio Manager and member of the Sustainable Multi Asset team. He responsible for the Robeco Multi Asset funds, Robeco ONE and Defined contribution funds. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam. Arnout van Rijn is Portfolio Manager and member of the Sustainable Multi Asset team. Previously, Arnout was CIO Asia Pacific, Co-Head of the Asia Pacific team and Lead Portfolio Manager of Robeco Asia Pacific Equities. Before that, he was Lead Portfolio Manager of Rolinco, one of Robeco's flagship global equity products. Before that, Arnout held several positions within the Robeco Equity department, covering European, Asian and American markets. From its inception in 1994 until 2000, he was Portfolio Manager of Robeco's Emerging Markets Equities fund. He started his career in the investment industry in 1990. Arnout holds a Master's in Business Economics from Erasmus University Rotterdam. Daniel Lai is Portfolio Manager Insurance & Pensions Solutions in the Sustainable Multi Asset Solutions team. He joined Robeco in 2012. His focus is modelling and implementing overlay strategies and matching portfolios in derivatives, government bonds and credits. He started his career with Cardano Risk Management in 2011. Daniel holds an Master’s in Econometrics from Erasmus University Rotterdam.

Per period	Fund	Reference index
1 month	0.98%	-
3 months	2.61%	-
YTD	4.55%	-
1 year	5.40%	-
Since inception 24-09-2024	4.92%	-

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.	0.01%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.00%
Included service fee This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.00%
Transaction costs The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.16%

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.

Market development

Per 31-10-2025

Global markets delivered gains in October 2025, though conditions were far from calm. Equities moved higher, led by the US and emerging markets, as earnings season saw technology and financial companies beat expectations, confirming resilient profit growth. Mid-month, risk sentiment was jolted by renewed US–China trade tensions, with fresh tariff threats and sharper rhetoric prompting an equity pullback and flight to safe havens before headlines softened, underscoring geopolitics as a key swing factor. New US sanctions on major Russian energy companies pushed oil prices higher, feeding inflation concerns. US inflation remained above the Federal Reserve's 2% target, while Eurozone inflation, estimated at 2.2% in September, stayed close to the ECB's goal; both banks kept a cautious, data-dependent stance. Gold, which had previously benefited from geopolitical risk and a weaker dollar, surrendered part of its gains as the US dollar strengthened and anxieties eased. In Japan, markets welcomed a new government, while the BoJ delayed rate hikes.

Performance explanation

Per 31-10-2025

Based on transaction prices, the fund's return was 0.98%. The Robeco Flexible Allocation Fund gained 0.95% in October, with results driven by its equity allocation. Equity beta was temporarily reduced when trade tensions between the US and China escalated following comments by President Trump. After these remarks were rolled back, beta was gradually increased again to around 30%, broadly in line with its level at the start of the month, mainly by adding exposure to Chinese equities. These are seen as offering more attractive valuations and a cheaper way to participate in the AI theme. The preference for emerging market equities again supported performance, as they outperformed developed markets. The fund maintains a relatively low duration profile, with a preference for short-term corporate credit. Within fixed income, yield-curve strategies contributed positively, thanks to a successful flattener in Australia. Currencies detracted from returns, as hedging most USD exposure, together with long JPY and short CHF positions, weighed on performance. Finally, gold exposure was among the top contributors, although the position was reduced substantially toward month-end when the gold price started to break down.

Robeco Flexible Allocation Z EUR

Flexible strategy seeking alpha opportunities that targets cash+4% total return throughout the market cycle

Key points

About this fund

Key facts

Fund manager

Performance

Costs

Fiscal product treatment

Fiscal treatment of investor

Fund allocation

Policies

Market development

Performance explanation

Fund documents

Annual and Semi-Annual Reports

Announcements

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