Robeco Afrika Fonds – EUR E

Taking advantage of growth across Africa

Anteilklasse Anteilklasse 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.

Gattung und Codes

Anlagegattung
Equities
ISIN
NL0006238131
Bloomberg
RAFRI NA

Anlagegattung

Equities

ISIN

NL0006238131

Bloomberg

RAFRI NA

Referenzindex

50% MSCI EFM Africa ex South Africa (Net Return) + 50% MSCI South Africa (Net Return)(EUR)

Angaben zur Nachhaltigkeit
Angaben zur Nachhaltigkeit
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.

Artikel 8

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Rating

( 30-06 )

Überblick Wertentwicklung & Gebühren Vermögensaufstellung Nachhaltigkeit Kommentar Unterlagen

Pro Zeitraum	Fonds	Index
1 Monat	1.50%	-0.79%
3 Monate	9.56%	6.72%
Lfd. Jahr	10.70%	3.95%
1 Jahr	50.03%	28.98%
2 Jahre	40.71%	26.59%
3 Jahre	29.66%	20.14%
5 Jahre	14.43%	9.43%
10 Jahre	8.20%	6.19%
Seit Auflegung 09-06-2008	5.49%	-

Statistiken	3 Jahre	5 Jahre
Ex-post Tracking-Error (%) The ex-post tracking error is defined as the volatility of the fund's achieved excess return over the index return. In fund management, most managers are subject to an ex-ante (pre-determined) tracking error, which defines the extent of the additional risk they may take when aspiring to outperform the fund's benchmark. The ex-post tracking error explains the distribution of past fund performances compared to those of its underlying benchmark. With a higher tracking error, the fund's returns deviate more from its index's returns, hence there is a greater chance that the fund may outperform. The wider the spread of returns relative to the benchmark, the more "actively" a fund has been managed. In contrast, a low tracking error indicates more "passive" management.	10.72	9.89
Information-Ratio This ratio serves to evaluate the quality of the excess return a fund manager has achieved because it takes the active risk involved into account. The information ratio is defined as the excess return over the benchmark return divided by the fund's tracking error. The higher the information ratio, the better. For example, a fund with a tracking error of 4% and an excess return of 2% over benchmark has an information ratio of 0.5, which is quite good.	1.05	0.75
Sharpe-Ratio This ratio measures the risk-adjusted performance and allows the performance quality of different investments to be compared. It is calculated by subtracting the risk-free rate from the fund's returns and dividing the result by the fund's standard deviation (risk). So the Sharpe ratio tells us whether a fund's returns are the result of smart investment decisions or stem from taking extra risk. The higher the ratio, the better, meaning that a greater return is achieved per unit of risk. This ratio is named after its inventor, Nobel Laureate, William Sharpe.	1.65	0.97
Alpha (%) Alpha measures the difference between a portfolio's actual return and its expected performance, given the level of risk, compared to the benchmark. A positive alpha figure indicates that the fund has performed better than expected, given the level of risk. Beta is used to calculate the level of risk compared to the benchmark..	10.68	8.15
Beta Beta is a measure of a portfolio's volatility, or systematic risk, in comparison to the benchmark. A beta of 1 indicates that the portfolio will move with the benchmark. A beta of less than 1 means that the portfolio will be less volatile than the benchmark. A beta of more than 1 indicates that the portfolio will be more volatile than the benchmark. For example, if a portfolio's beta is 1.2 it is theoretically 20% more volatile than the benchmark.	0.96	0.87
Standardabweichung Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread out the data is, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility (risk).	17.31	15.28
Max. monatlicher Gewinn (%) The maximum (i.e. highest) absolute positive monthly performance in the underlying period.	12.62	12.62
Max. monatlicher Verlust (%) The maximum (i.e. highest) absolute negative monthly performance in the underlying period.	-14.33	-14.33

Datum	Betrag
21-07-2026	EUR 0.24
29-06-2026	EUR 1.36
21-07-2025	EUR 0.42
30-06-2025	EUR 2.38

Dividendenhistorie herunterladen

Kosten dieses Fonds	Prozentsatz
Laufende Gebühren 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.	2.03%
Inklusive Verwaltungsgebühr A fee paid by the fund to the asset management company for the professional management of the fund.	1.75%
Inklusive Servicegebühr This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.26%
Transaktionskosten The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.08%

Steuerliche Behandlung des Produkts

The fund is established in the Netherlands. The fund is managed as a 'naamloze vennootschap' (public limited company). The fund has the status of 'fiscal investment institution' in the sense of article 28 of the Dutch Corporate-Income Tax Act 1969, and, as such, is taxed at a corporate-income tax rate of 0%.The fund is obliged to pay out the realized current income in the form of dividend within 8 months after the end of the financial year. From 1 January 2007 the fund withholds Dutch dividend tax at a rate of 15% from these dividend payments. The fund can in principle use the Dutch treaty network to partially recover any withholding tax on its income.

Steuerliche Behandlung des Anlegers

For a private investor residing in the Netherlands, the actual received interest, dividends or capital gains are not relevant for tax purposes. For Dutch tax-resident private investors, their holdings fall under Box 3. Investors pay annual tax on a fixed yield calculated based on the value of their assets as of 1 January. The return depends on the pro-rata allocation of assets to different categories, namely savings, debts or other assets. The holdings qualify as other assets for which the return rate is set at 6.04% (as of 1/1/2024; 6.17% as of 1/1/2023). The return rate is adjusted annually based on historical returns from previous years. The balance of the different asset categories is referred to as the return base. The effective return rate is then calculated by dividing the return by the return base. This effective return rate is applied to the savings and investments base to calculate the benefit from savings and investments. The savings and investments base is equal to the return base minus the tax-free amount. Investors pay income tax (36% in 2024; 32% in 2023) on this calculated benefit from savings and investments. The withheld Dutch dividend tax (15% as of 1/1/2024) is creditable against the income tax payable for investors residing in the Netherlands. Investors who are not subject to (exempt from) Dutch corporate tax (including Dutch pension funds) are not taxed on the result obtained. Dutch exempt entities can fully reclaim the 15% dividend tax withheld on dividends.Investors subject to Dutch corporate tax may be taxed on the result obtained from their investment in the fund, including dividend income and capital gains. Dutch corporate taxpayers can, in principle, credit the withheld dividend tax (15% as of 1/1/2024) against corporate tax and, under certain conditions, credit the excess in later years. For investors outside the Netherlands, their own national tax legislation applies to foreign investment funds. Shareholders who are not subject to tax in the Netherlands and reside in countries that have a double taxation treaty with the Netherlands may, depending on the treaty, reclaim (a portion of) the Dutch dividend tax from the Dutch tax authorities. A pension fund located in another EU member state or a country that has entered into an information exchange agreement with the Netherlands and is similar to a Dutch pension fund is also entitled to a refund of Dutch dividend tax. The above is based on current Dutch tax legislation.

Marktentwicklungen

Per 30-06-2026

South Africa's GDP growth accelerated from 0.8% in Q4 to 1.9% in Q1, beating the consensus expectation. Growth was driven by higher exports and strong agricultural output growth. Positive was also that the current account surplus rose from 0.6% of GDP in Q4 to 2.5% in Q1 and that was better than expected. Monthly indicators were mixed. Mining production surged in April by 8.2%, more than the consensus estimate. However, retail sales (+1.3%) and manufacturing production (-2.9%) disappointed in April. Vehicles sales in May rose 12.8%. Inflation rose from 4.0% in April to 4.5% in May. That was less than most economists had projected. Zambia's economic growth accelerated from 1.6% to 7.7%, while Ghana grew 6.4%. Morocco expanded 4.6%. Egypt and the IMF reached a staff-level agreement, paving the way for approximately USD 1.6 bln in new financing. Nigeria's trade surplus expanded and the current account surplus increased from USD 1.4 bln in Q4 to USD 5.0 bln in Q1 due to higher crude oil export receipts and lower refined oil products imports as the Dangote oil refinery ramped up production.

Erläuterungen zur Wertentwicklung

Per 30-06-2026

Based on transaction prices, the fund's return was 1.50%. The Robeco Afrika Fund posted a flat return in June, outperforming its reference index (-0.79%). Developed markets gained 1.5% while emerging markets returned 0.8% over the same period, both measured in EUR terms. African equity markets delivered a mixed picture during the month, with a wide dispersion of nearly 19 percentage points between the best and worst-performing focus countries. Tunisia led the way with a strong 13.7% return, followed by Kenya (+12.6%), Mauritius (+8.4%) and Ghana (+8.3%), the latter supported by a meaningful 5.8% appreciation of the Ghanaian cedi against the euro. Egypt gained 4.9%. Zambia advanced 3.6%, Botswana gained 1.5% and Senegal edged up 0.2%. On the negative side, Morocco declined 2.4%, South Africa lost 4.7% and Nigeria was the weakest performer with a 5.3% loss.

Prognose des Fondsmanagements

Cornelis Vlooswijk

The long-term prospects for the African region are good. Firstly, commodity demand from China and other countries is likely to grow in the long run. This should result in higher tax income and employment, which in turn should boost demand by local consumers. Secondly, the business climate is improving. In an international context, most African countries currently do not score well, but governments are actively trying to reduce bureaucracy. Thirdly, investments in infrastructure are reducing logistics problems, which should boost economic growth and company earnings. Lastly, many companies now trade at low price/earnings multiples and have high dividend yields compared to other regions.

Fondsvolumen	EUR 46,667,741
Größe der Anteilsklasse	EUR 11,335,452
Auflegungsdatum der Anteilsklasse	09-06-2008
1 Jahr Wertentwicklung	50.03%
Ertragsverwendung	Ausschüttend

Robeco Afrika Fonds – EUR E

Taking advantage of growth across Africa

Merkmale

Über diesen Fonds

Wichtige Fakten

Fondsmanagement

Wertentwicklung

Kursentwicklung

Statistiken

Ertragsverwendung

Gebühren

Steuerliche Behandlung des Produkts

Steuerliche Behandlung des Anlegers

Fondsallokation

Richtlinien

Marktentwicklungen

Erläuterungen zur Wertentwicklung

Prognose des Fondsmanagements

Fondsdokumente

Jahres- und Halbjahresberichte

Pressemitteilungen

Bekanntmachungen

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