Robeco Life Cycle Fund 2040 F EUR
- Capital accumulation towards a set end date
- Gradual reduction of risk as the end date approaches
- Professional asset management within one investment fund
About this fund
Performance
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Subject | Fund | Reference index |
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| 1m | ||
| 3m | ||
| Ytd | ||
| 1 year | ||
| 2 years | ||
| 3 years | ||
| 5 years | ||
| 10 years | ||
| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundFacts.inceptionDate,'LL') ]}} |
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{{fund.fundPerformances.returnType}} (return before costs)
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{{fund.fundPerformances.returnType}} (value of holdings in the fund at which they are traded)
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{{fund.fundPerformancePeriods.returnType}} (return net of costs)
{{fund.fundPerformancePeriods.returnType}} (value of holdings in the fund at which they are traded)
Statistics
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundStatistics.date,'llll') ]}}| Subject | 3 years | 5 years | |
|---|---|---|---|
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| Subject | 3 years | 5 years | |
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| Hit ratio (%) | |||
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| Subject | Fund | Reference index | |
|---|---|---|---|
| Option Adjusted Modified Duration (years) | |||
| Maturity (years) | |||
| Rating | |||
| Yield to Worst (%) |
Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}In August, the US equity market was the strongest market with +2.8%, setting another new record. This despite the country's trade dispute with more or less the rest of the world and the ongoing turbulence of the Trump presidency. The American economy however is doing fine, with high earnings, low unemployment and a strong US dollar. European equity markets on the contrary had a tough month. Political risks are on the rise again, with budgetary discussions in Italy and the ongoing Brexit uncertainty. Emerging markets also declined. A range of countries is facing problems, but Turkey sparkled the downturn as the central bank refused to hike interest rates, which caused a sell-off in the currency. This had a spill-over effect to other emerging markets. Bond markets showed mixed results. Italian government bonds and emerging markets bonds lost, while traditional safe havens like German Bunds were in favor.
Fund Classification
| Description | Yes | No | N/A | |
|---|---|---|---|---|
| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Description | Yes | No | N/A | |
|---|---|---|---|---|
| Screening | ||||
| Integration | ||||
| Sustainability Themed Fund |
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
|---|---|---|
Currency policy
Currency risks are hedged to the base currency of the fund (EUR).
Dividend policy
This share class of the fund does not distribute dividend.
ESG Integration policy
The Robeco Life Cycle Fund primarily invests in funds of the Robeco Group. Robeco strives to incorporate ESG issues in investment decisions. For the vast majority of the investments we apply ESG integration indirectly. The ambition is to have ESG integration for the full composition of the portfolio. Sustainability can be a decisive factor in the fund-selection process. Capabilities from other asset managers might be selected if no comparable Robeco product is available. Such funds are currently out of the scope of the sustainability screening.
Investment policy
A well-diversified portfolio consists of a combination of equities, bonds and cash. The proportion between these three asset categories is mainly determined by the maturity date of the fund. The Life Cycle Funds mainly invest in Robeco funds, benefiting on a broad front from Robeco's expertise in investing. The fund's mix of investments means it has a very favorable risk/return profile. The aim is to maintain a risk profile matching the remaining maturity using an active mix policy.
Risk policy
Active. Risk-management systems continually monitor the portfolio's divergence from the benchmark, thereby avoiding extreme positions.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}We have an above average equity weight in the portfolio, with the accent on developed markets. On a regional level, we have a slight preference for US equities at the moment, while we are cautious with investments in Italy. As the problems in emerging countries continue, we also have an underweight position in these markets. Except for investment grade credits, we have a neutral or below average weight in all bond categories as we expect yields to rise, which will have a negative effect on bond returns.
Ruud van Suijdam
Mr. Ruud van Suijdam is Portfolio Manager Global Allocations at Robeco since June 2011. From October 2007 to June 2011, Ruud worked for Rabobank Nederland as an Analyst/ Product manager for Investment funds. Previous affiliations include a position as Investment Analyst at IRIS and a position as Investment Advisor at Rabobank. Ruud holds a Master's degree in Financial Economics from the University of Groningen.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | Robeco Luxembourg S.A. |
| Fund capital | |
| Outstanding shares | |
| ISIN | LU0966309568 |
| Bloomberg | RLC40FE LX |
| Valoren | 22205000 |
| WKN | A1XBLB |
| Availability | BE, LU, NL |
| 1st quotation date | 1384905600000 |
| Close financial year | 31-12 |
| Legal status | Investment company with variable capital incorporated under Luxembourg law (SICAV) |
| Morningstar | |
| Reference index |
Cost of this fund
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundCosts.managementFees.date,'llll') ]}}Ongoing charges |
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| This fund deducts ongoing charges of |
| These charges comprise | ||
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| Management fee | ||
| Service fee | ||
Transaction costs |
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| The expected transaction costs are |
Performance fee |
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| 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 0.05% 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
The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise 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.
