Robeco Global Short Duration Credits ZH EUR

Unconstrained investing across the corporate bond market segments with a short maturity

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
Bonds
ISIN
LU2937692148
Bloomberg
ROBSMZH LX

Asset class

Bonds

ISIN

LU2937692148

Bloomberg

ROBSMZH LX

Benchmark

Bloomberg Global Aggregate Corporate 1-5 years (hedged into EUR)

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

Global Credit Fund which primarily invests in short-dated bonds
Managed with an active, value focussed and contrarian investment style
Experienced and stable investment team

Caratteristiche del fondo

Robeco Global Short Duration Credits is an actively managed fund that invests primarily in a diversified portfolio of global investment grade corporate bonds with a short maturity. The selection of these bonds is based on fundamental analysis. Performance drivers are the top-down beta positioning as well as bottom up issuer selection. This fund has the flexibility to invest in other fixed income asset classes such as high yield, emerging credits and asset-backed securities. The fund can take limited active duration (interest-rate sensitivity) positions. The fund's objective is to provide long-term capital growth.

Aspetti principali

Al 30-06-2026

Dimensione del fondo	EUR 386,730,956
Dimensione della classe di azioni	EUR 9,233,455
Data di inizio della classe di azioni	03-12-2024
Performance 1 anno	2.70%
Pagamento del dividendo	Accumulazione

Gestore

Daniel Ender
Matthew Jackson
Michael Booth
Joost Breeuwsma

Daniel Ender is a portfolio manager investment grade in the Credit team. Previously, he was a credit analyst at Actiam. Daniel started his career in the industry in 2018 at ABN AMRO. He has a Master’s in Financial Economics from Erasmus University Rotterdam and a Bachelor’s in Political Science and Economics from the University of Connecticut. Daniel also is CFA® Charterholder. Matthew Jackson is a portfolio manager global investment grade in the Credit team. He joined Robeco in 2024 from Western Asset Management in London where he started his career in the industry in 2003 and consequently held roles of risk analyst, portfolio analyst, research analyst and portfolio manager of numerous dedicated credit funds and mandates. He holds a Bachelor’s in Economics (Hons) from the University of Sheffield. Michael Booth is a portfolio manager investment grade in the Credit team and has a focus on global investment grade portfolios. Previously, he was a portfolio manager at Invesco. Prior to Invesco, Michael worked as an analyst at Nomura Asset Management and NatWest. He started his career in 2007 at Baker Tilly LLP (now RSM UK) as a chartered accountant. He holds a Bachelor’s degree in Business Management from the University of Nottingham. Joost Breeuwsma is a portfolio manager investment grade in the Credit team. He has a focus on global investment grade portfolios and global green bond portfolios. Prior to starting his career and joining Robeco in 2017 as a credit analyst, he obtained a Master’s with Distinction in Financial Mathematics from King’s College London. Joost is CFA® Charterholder.

Per periodo	Fondo	Index
1 mese	0.17%	0.14%
3 mesi	1.15%	0.95%
Ytd	0.71%	0.46%
1 anno	2.70%	2.05%
Dal lancio 03-12-2024	3.41%	2.88%

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.	0.02%
Commissione di gestione incluse A fee paid by the fund to the asset management company for the professional management of the fund.	0.00%
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.	0.00%
Costi di transazione The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.09%

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.

Sviluppo del mercato

Al 30-06-2026

June brought resolution to the Iran-US conflict that dominated Q2, with oil prices reversing toward pre-conflict levels near USD 73/bbl after a signed ceasefire and nuclear deal, easing stagflation fears and supporting sentiment across most markets. Equity performance diverged in June: the S&P 500 fell around 1% and the Nasdaq lagged after two very strong months, while European markets advanced, led by banks and southern European indices. Precious metals fell sharply, with gold and silver posting double-digit declines as geopolitical risk receded and rate-hike expectations rose. Government bond performance was mixed despite a hawkish pivot from major central banks: the Fed grew more open to hikes as US payrolls surprised to the upside, while the ECB and Bank of Japan both raised rates. Bund yields fell while US Treasury yields edged higher, though both markets posted positive total returns. Credit markets were broadly stable, with spreads marginally wider in the US and little changing in Europe. Excess returns were slightly negative in US credit and slightly positive in euro credit, consistent with a market that increasingly treats credit as a carry product at these spread levels.

Spiegazione della performance

Al 30-06-2026

Based on transaction prices, the fund's return was 0.17%. The portfolio outperformed its benchmark over the period. There was a positive contribution from overweight beta positioning amid strong credit excess returns. The main single-name contributors included Cemex, Athora Holding and Erste Group Bank.

Aspettative del gestore

Daniel Ender
Matthew Jackson
Michael Booth
Joost Breeuwsma

Entering H2, robust fundamentals collide with a more hawkish policy backdrop. Growth has held up better than feared, but the Iran war's energy shock pushed US inflation back above 4% and prompted the Fed's new leadership to drop its easing bias entirely. The ECB and Bank of Japan both hiked in June – a rare case of central banks tightening into a slowdown. The US-Iran memorandum has calmed markets, but the truce looks fragile. Spreads have ground back to multi-year tights, with global IG spread as a share of all-in yield near its lowest since before the financial crisis. We view this as thin compensation for risk rather than genuine resilience. Dispersion is building beneath the surface: hyperscaler-linked issuance keeps growing, while BDCs and private-credit-adjacent names show falling NAVs and ratings pressure despite tighter spreads. We keep portfolio beta conservative rather than chasing further tightening. We remain constructive on senior bank paper, selective within AI-adjacent credit via the strongest hyperscaler balance sheets, cautious on BDCs and private-equity-backed insurers, and we favor euro over dollar credit and shorter-dated paper over the long end.

Robeco Global Short Duration Credits ZH EUR

Unconstrained investing across the corporate bond market segments with a short maturity

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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