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Robeco Customized Liability Driven Fund VII P EUR

ISIN: LU1949716051
  • Robeco has extensive experience in this type of overlay management and is a solid party with deep knowledge of the Dutch pension market. Robeco acts as sparring partner in the translation of Asset & Liability Matching studies towards a strategic investment portfolio.
  • Implementation of the chosen interest overlay strategy is done by state-of-the-art systems with a strong focus on operational and financial risk management.
  • Robeco offers liability matching tools in the form of stand-alone overlay management and in fund solutions.
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

The fund has a defensive proposition by investing mainly in core Euro government bonds from countries such as Germany and the Netherlands.

Price development

No performance data available

Price development

Robeco Customized Liability Driven Fund VII P EUR

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.

Statistics

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3 years 5 years
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Above mentioned ratios are based on gross of fees returns
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Above mentioned ratios are based on gross of fees returns
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Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
Integration
Sustainability Themed Fund

Currency policy

The portfolio holds euro-denominated investments only. No active currency policy is applied.

Dividend policy

The fund does not distribute dividend. The income earned by the fund is reflected in its share price. The fund's entire result is thus reflected in its share price development.

ESG Integration policy

N/A

Investment policy

The fund mainly invests in Euro core government bonds from Germany and the Netherlands and in interest-rate swaps (IRSs). By investing in the swaps, the fund's duration is brought to around 20 years. The maturities of the swaps are selected in such a way that they properly reflect the liability structure of an average pension fund. In this way, the interest-rate risk of your pension fund can be managed better. A higher duration than that found on the liability side of an average pension fund has been chosen. By doing so, it is possible to realize a completely neutral interest-rate risk at aggregate level, in delta terms, without having to use all the assets. The fund can therefore be used to significantly reduce the funding-level risk of your pension fund as a result of interest-rate fluctuations. The fund can lead to a lower capital requirement, on account of the high 20-year duration and the additional (alpha) return on the underlying fund. As a result, a pension fund has more room to invest in higher-yielding fixed-asset investments for the indexation requirement.

Risk policy

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

Remmert Koekkoek
Remmert Koekkoek

Remmert Koekkoek

Mr. Remmert Koekkoek is Senior Portfolio Manager in the Structured Investment team since November 2011. Remmert is portfolio manager of the Robeco Pension Matching Portfolio since April 2014. He started his career in the industry in 2004 at ING Risk Management. Between 2005 and 2010 Remmert also worked in Robeco's Structured Investment team as a Trader. In 2010 he moved to Credit Suisse where he was responsible for derivative overlay investment solutions for Dutch pension funds and insurance companies. Remmert holds a Master's degree (cum laude) in Econometrics from the Erasmus University Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1949716051
BloombergROCLVII LX
Valoren
WKN
Availability
1st quotation date1554854400000
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
Service fee

Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
Max exit fee
Max sub fee
Max switch fee

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 0,00% 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

Professional investors are divided into pension funds and non-pension funds. Dutch pension funds may re-claim the 25% dividend tax deducted on cash dividends entirely. Dutch non-pension funds may deduct the 25% dividend tax deducted on cash dividends in their corporate income tax assessment. Dividend tax in that case is tax deducted at source. No tax is deducted at source on interest income. Thus, Dutch pension funds do not owe taxes on interest income. Dutch non-pension funds should specify interest income in their corporate income tax assessment.

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).

The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

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