Robeco QI Dynamic High Yield IH CHF

Looking for long-term capital growth and diversified exposure to global high yield via CDS index derivatives

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
Bonds
ISIN
LU3521697493
Bloomberg
RQHIHIH LX

Asset class

Bonds

ISIN

LU3521697493

Bloomberg

RQHIHIH LX

Index

Bloomberg Global High Yield Corporate Index (hedged into CHF)

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 6

Overview Performance & costs Commentary Documents

Key points

Liquid exposure to global high yield corporates
Performance driven by unique quantitative models
An alternative to passive, traditional active or direct high-yield investments

About this fund

Robeco QI Dynamic High Yield is an actively managed fund that aims to provide long-term capital growth and offers diversified exposure to the global high yield corporate bond market, by investing primarily in CDS index derivatives. The positions in these instruments are based on quantitative models. The performance is model-driven by taking active beta and duration positions to decrease or increase the exposures towards the high-yield and rates markets within pre-defined risk limits.

Key facts

Per 30-09-2026

Inception date share class	20-10-2026
Dividend paying	No

Fund manager

Johan Duyvesteyn
Patrick Houweling
Lodewijk van der Linden

Johan Duyvesteyn is a portfolio manager in the Quant Fixed Income team. His areas of expertise include government bond market timing, credit beta market timing, country sustainability and emerging-market debt. He has published in the Financial Analysts Journal, the Journal of Empirical Finance, the Journal of Banking and Finance, and the Journal of Fixed Income. Johan started his career in the industry in 1999 at Robeco. He holds a PhD in Finance, a Master's in Financial Econometrics from Erasmus University Rotterdam and he is a CFA® Charterholder.” Patrick Houweling is Head of Quant Fixed Income and Portfolio Manager of Robeco’s quantitative credit strategies. Patrick has published seminal articles on Duration Times Spread, factor investing in credit markets, corporate bond liquidity and credit default swaps in various academic journals, including the Journal of Banking and Finance, the Journal of Empirical Finance and the Financial Analysts Journal. The article 'Factor Investing in the Corporate Bond Market' he co-authored received a Graham and Dodd Scroll Award of Excellence for 2017. Patrick is a guest lecturer at several universities. Prior to joining Robeco in 2003, he was Researcher in the Risk Management department at Rabobank International where he started his career in 1998. He holds a PhD in Finance and a Master's (cum laude) in Financial Econometrics from Erasmus University Rotterdam. Lodewijk van der Linden is a portfolio manager in the Quant Fixed Income team. Lodewijk has published in the Financial Analyst Journal on the best defensive strategies, has written on leveraging the volatility effect in the Journal of Portfolio Management and on the application of Credit Default Swap Indices in the Journal of Asset Management. He joined Robeco in August 2018. In the period 2015-2018 Lodewijk worked at Aegon Asset Management where he was Risk associate and Team Manager Client Reporting. Lodewijk started his career at PwC as an actuarial consultant in 2013. He holds a Master's in Actuarial Science from the University of Amsterdam and a Master's in Econometrics and Management Science from Erasmus University Rotterdam.

The performance data for this fund is either unavailable or restricted by the MIFID legislation, which prevents us from reporting performance data for funds with less than a 12-month track record.

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.	0.53%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	0.40%
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.	0.12%

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 30-09-2026

Global high yield bond spreads widened by 45 bps. The European iTraxx Crossover also widened by 53 bps and US CDX High Yield by 40 bps, but part of that widening was due to the semi-annual index roll. CDS outperformed bonds and Europe outperformed the US. The global CDS index return was -0.68% and the underlying government bonds contributed -1.21%. Therefore, the combined return of investing in CDS indices and government bonds was -1.89% this month, outperforming the -2.43% return of the high yield cash bond index. In September, credit markets faced a tougher backdrop alongside heavy primary issuance. Credit spreads widened with high yield underperforming versus investment grade, and EUR bonds underperforming versus USD. Equities also dropped after hitting all-time highs in August: US large-cap growth stocks outperformed broader markets, while Europe underperformed. The Federal Reserve raised rates for the first time since July 2023. The European Central Bank also hiked rates, maintaining a tightening stance. US Treasury and German Bund yields moved sharply higher, reflecting stronger economic growth, sticky inflation and a more hawkish policy outlook.

Expectation of fund manager

Johan Duyvesteyn
Patrick Houweling
Lodewijk van der Linden

The positions of the fund are fully determined by the outcomes of our proprietary models and integrated risk management. At the end of the month, the fund had a neutral credit exposure. The region allocation position was overweight in Europe and underweight in the US. The fund had underweight duration positions in Germany and the US.

Welcome to Robeco

Disclaimer

Robeco QI Dynamic High Yield IH CHF

Looking for long-term capital growth and diversified exposure to global high yield via CDS index derivatives

Key points

About this fund

Key facts

Fund manager

The performance data for this fund is either unavailable or restricted by the MIFID legislation, which prevents us from reporting performance data for funds with less than a 12-month track record.

Price development

Costs

Fiscal product treatment

Fiscal treatment of investor

Market development

Expectation of fund manager

Fund documents

Annual and Semi-Annual Reports

Announcements

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