Robeco Life Cycle Fund 2045 F EUR
Capital accumulation towards a set end date with gradual reduction of risk
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.
F-EUR
Class and codes
Asset class:
Asset Allocation
ISIN:
LU0966309642
Bloomberg:
RLC45FE LX
Reference index
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 8
Morningstar
Morningstar
Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Download The Morningstar Rating for Funds (chapter: The Morningstar Rating: Three-, Five-, and 10-Year) on the Morningstar website.
Rating (28/02)
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- 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
Robeco Life Cycle Fund 2045 is an actively managed fund that invests in a global mix of asset classes like equity, bonds, deposits, money market instruments. The fund's objective is to achieve long term capital growth. As the maturity date of the fund approaches, the mix is adjusted in order to provide a gradual investment risk reduction. This eliminates the need for investors to switch to another fund with an appropriate short term risk profile.
Key facts
Total size of fund
€ 20,332,995
Size of share class
€ 20,332,995
Inception date share class
22-11-2013
1-year performance
16.08%
Dividend paying
No
Fund manager
Ernesto Sanichar
Ernesto Sanichar is Portfolio Manager and member of the Sustainable Multi Asset team. He responsible for the Robeco Multi Asset funds, Robeco ONE and Defined contribution funds. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
3.31%
3 months
8.67%
YTD
5.16%
1 year
16.08%
2 years
5.37%
3 years
6.57%
5 years
8.06%
10 years
7.43%
Since inception 11/2013
7.33%
2023
14.98%
2022
-12.87%
2021
18.78%
2020
7.18%
2019
20.97%
2021-2023
5.96%
2019-2023
9.06%
Costs
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.
0.66%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.45%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.16%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.19%
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.
Fund allocation
Asset
Top 10
- Asset
- Top 10
Policies
Currency risks are hedged to the base currency of the fund (EUR).
This share class of the fund does not distribute dividend.
Robeco Life Cycle Fund 2045 is an actively managed fund that invests in a global mix of asset classes like equity, bonds, deposits, money market instruments. The fund's objective is to achieve long term capital growth. As the maturity date of the fund approaches, the mix is adjusted in order to provide a gradual investment risk reduction. This eliminates the need for investors to switch to another fund with an appropriate short term risk profile. The fund promotes certain E&S (i.e. Environmental and Social) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation, integrates sustainability risks in the investment process and applies Robeco’s Good Governance policy. The fund applies sustainability indicators, including but not limited to,normative, activity-based and region-based exclusions. The investment policy is not constrained by a benchmark and the funds do not use a benchmark even for comparison purposes.
Active. Risk-management systems continually monitor the portfolio's divergence from the benchmark, thereby avoiding extreme positions.
Sustainability-related disclosures
Sustainability profile
Sustainability
The fund invests a minimum of 80% in other Robeco managed or externally managed funds which are classified under Article 8 or 9 of SFDR and either promote environmental or social characteristics or have sustainable investment as their objective. Sustainability is thus one of the considerations in the fund selection.
Market development
Better-than-expected economic data further pushed out expectations for interest rate cuts, creating a divergence of fortunes between equity and bond investors. Relatively strong earnings helped to support the equity market, with growth-focused companies leading the way. In particular, five of the Magnificent Seven US stocks reported results that were in line with or above analysts' expectations. Within equities, emerging markets were up nearly 5% thanks to a strong rebound in China. This was supported by further interventions from the government, including a cut to the 5-year loan prime rate. It remains to be seen if this is a 'dead cat bounce' or a real turn in sentiment. Despite better-than-expected economic data (PMI), European equities trailed other markets. Bond markets were impacted by a higher-than-expected US headline inflation figure of 3.1%, reducing the prospect of near-term rate cuts. The pain was felt most acutely in the more rate sensitive parts of the bond market, such as government bonds. Elsewhere, commodities were also negative on the month, dragged down by a fall in gas and agricultural prices.
Performance explanation
Based on transaction prices, the fund's return was 3.31%. All funds delivered a positive return in February. The performance of the funds varied between 0.44% and 3.82%. Equity markets continued to move higher this month and this has been a major driver of the performance of the funds. The funds were positioned to benefit from higher equity markets as the higher allocation to equities was maintained during the month. The funds with a longer maturity delivered a higher return as they carry a higher weight in equities.
Expectation of fund manager
Ernesto Sanichar
Growth has held up better than expected and given that after a prolonged period of weakness manufacturing has found a bottom, it is likely that growth will continue to improve. The flip side of this is that it could lead to a less favorable inflation backdrop. Equities can continue to ignore inflation as long as it does not become a constraint for central banks to cut rates if deemed necessary. We expect the coming period to be more favorable for equities as we expect fixed income to be more impacted by the inflation dynamics.