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Robeco BP US Premium Equities Y USD

Index: Russell 3000 Value Index (Gross Total Return, USD)
ISIN: LU2216803838
  • All cap value fund.
  • Selects the best investment candidate available irrespective of its market cap
  • Bottom-up fundamental research investment discipline.
Asset class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco BP US Premium Equities is an actively managed fund that invests across market capitalizations and sectors in a flexible manner. The selection of these stocks is based on fundamental analysis. The portfolio is consistently built from the bottom up to exhibit attractive valuation, strong business fundamentals and improving business momentum.

Price development

No performance data available

Price development

Robeco BP US Premium Equities Y USD

Performance

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The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.
Fund Reference index
The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.

Performance explanation

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Based on transaction prices, the fund's return was -3.62%. Robeco BP US Premium Equities trailed the Russell 3000 Value Index in November, as US equity markets declined. Stock selection in financials and industrials dragged on relative performance, while stock picking in the communication services sector was robust. In financials, an overweight position within insurance names AIG and Allstate reduced relative returns. These companies traded lower during the month amid global macro concerns. Within industrials, BWX Technologies underperformed, as quarterly earnings and revenues came in below consensus estimates. The fund continues to hold the position. On a positive note, in communication services, avoiding many underperforming benchmark constituents such as Walt Disney, Verizon and AT&T contributed positively, while internet company NetEase outperformed after announcing quarterly earnings and revenues above consensus estimates. Sector allocation was helped by the fund's underweight to communication services and overweight to information technology, while having no exposure to the utilities and real estate sectors detracted during the month.

Statistics

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Market development

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US equities, for the most part, slipped back into negative territory for the month of November, with the S&P 500 falling -0.69%. Large-cap value, as measured by the Russell 1000 Value Index, declined -3.52%, while mid and small-cap value were down -3.04% and -3.42% respectively. Large-cap growth performed the strongest, returning 0.61%, while mid and small-cap growth underperformed their value counterparts, falling -4.23% and -4.88% respectively.

Fund allocation

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Name Sector Weight
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Currency policy

Investments are predominantly made in securities denominated in US dollars.

Dividend policy

No dividend is distributed. All returns are reinvested and translated into price gains.

Investment policy

Robeco BP US Premium Equities (USD) selects stocks based on their investment merit. Its bottom-up stock selection process is guided by a disciplined value approach, intensive internal research and risk aversion. The fund's broad definition of value looks beyond traditional value characteristics such as low Price/Earnings and Price/Book, and includes analysis of long-term business fundamentals and short term business momentum. The fund's investment objective is to participate in rising markets and preserve capital in falling markets through diligent risk management.

Risk policy

Risk management is fully integrated in the investment process to ensure that positions always meet predefined guidelines.

Sustainability profile

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The fund does not promote any environmental or social characteristics and is classified under Article 6 of SFDR.

Expectation of fund manager

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Markets in the United States as measured by the S&P 500 declined in November, as investors evaluated the risks associated with the new Covid Omicron variant. It is still too early to determine what impact Omicron will ultimately have on global health, economics and/or markets. Additionally, accelerating inflation is a cause for concern and is weighing on Americans' views about the economy. Fed fund futures have been bouncing around in an attempt to gauge the probability and timing of potential Federal Reserve rate hikes. As always, we will continue to focus on a company-by-company level. The fund remains well positioned with holdings that reflect Boston Partners' three-circle characteristics – attractive valuations, solid business fundamentals and identifiable catalysts.

Duilio R. Ramallo, CFA
Duilio R. Ramallo, CFA

Duilio R. Ramallo, CFA

Mr. Ramallo is the senior portfolio manager for Boston Partners Premium Equity product.  Previously, Mr. Ramallo was the assistant portfolio manager for the Small Cap Value products.  Prior to his portfolio management role, Mr. Ramallo was a research analyst for Boston Partners.  He joined the firm from Deloitte & Touche L.L.P., where he spent three years, most recently in their Los Angeles office.  Mr. Ramallo holds a B.A. degree in economics/business from the University of California at Los Angeles and an M.B.A. from the Anderson Graduate School of Management at UCLA.  He holds the Chartered Financial Analyst® designation.  He is also a Certified Public Accountant (inactive).  He has twenty years of investment experience.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU2216803838
BloombergROBPUYU LX
Valoren56820384
WKN
Availability
1st quotation date1598313600000
Close financial year31-12
Legal status
Tracking error limit (%)
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
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Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
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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.

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Disclaimer

The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).

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