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Robeco Life Cycle Fund 2060 F EUR

ISIN: LU0966310061
  • Capital accumulation towards a set end date
  • Gradual reduction of risk as the end date approaches
  • Professional asset management within one investment fund
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

Robeco Life Cycle Fund 2060 F EUR is an actively managed fund that invests in a global mix of asset classes like equity, bonds and cash. 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.

Price development

No performance data available

Price development

Robeco Life Cycle Fund 2060 F EUR

Performance

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Fund Reference index
1m
3m
YTD
1 year
2 years
3 years
5 years
10 years
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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 1.14%. The performances of the Robeco Life Cycle Funds were positive last month due to the positive sentiment on both the equity and bond markets. Equities have an overweight position in both the funds with a shorter and a longer tenor. This position contributed positively to overall performance. Compared to developed markets, emerging markets generated relatively low performances. As we have an overweight position in emerging markets, this contributed slightly negatively to the performance. The equity funds we are invested in, generated moderate performances which made a neutral contribution to the performance. We have risen the weight of government bonds to a neutral weight. Most of the return in the portfolios with a shorter tenor came from the position in credits and high yield bonds.

Statistics

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3 years 5 years
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Max. monthly gain (%)
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Sharpe ratio
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Above mentioned ratios are based on gross of fees returns
3 years 5 years
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Months outperformance Bull
Above mentioned ratios are based on gross of fees returns
Fund Reference index
Option Adjusted Modified Duration (years)
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Rating
Yield to Worst (%)

Market development

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The financial markets were relatively volatile in March, but eventually equity markets ended higher. The broad MSCI World Index added 2.7%. However, yield developments were more remarkable last month, with the important German 10-year Bund yield declining below 0%. Fed Chair Jerome Powell pushed yields lower with his remarks that he does not expect interest rates to be hiked this year, contrary to earlier statements. This, combined with the cautious statements of the European Central Bank, sent all bond categories higher in March. The market actually expects rates to decline in the coming months. We do not expect that we will enter a recession, neither in the US, nor in Europe. Emerging markets underperformed developed markets, although China was a positive outlier. Economic data in China is improving and its equity market has already risen more than 30% this year.

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

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

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We have an above average equity weight in the portfolios, with an accent on developed markets. As we believe the market has been overshooting in the last weeks, we acted contrary and increased our equity weight in the portfolios. On a regional level, the portfolios are less heavily tilted towards the US, and we rose the weight of emerging markets. We remain negative on most bond categories.

Ruud van Suijdam
Ruud van Suijdam

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

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU0966310061
BloombergRLC60FE LX
Valoren22205200
WKNA14PPE
Availability
1st quotation date1385078400000
Close financial year31-12
Legal status
Tracking error limit (%)
Morningstar
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 0.05% 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.

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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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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