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Robeco Multi Asset Income I USD

ISIN: LU1629880854
  • Worldwide investments in multiple asset classes
  • Focus on investments with attractive and stable sources of income
  • Flexibility to seek the best risk-return opportunities
Assets class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco Multi Asset Income is an actively managed global multi-asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund.

Price development

No performance data available

Price development

Robeco Multi Asset Income I 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 0.64%. For the fourth consecutive month, the performances of the Robeco Multi Asset portfolios were positive. This was mainly due to rising stock markets, with some of them setting new records. There were no changes in the asset mix in April, where equities had a slightly higher-than-average weight in the portfolio. This contributed positively to the performance. It was partly offset by the negative stance towards credits and high yield bonds.

Statistics

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Market development

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The most important equity markets have risen between 15% and 20% so far this year. The US markets set a new record high, and the broad MSCI World Index in EUR also rose to an all-time high. But these returns were only half the performance of the oil index during the same period (+39%). The earnings season took center stage in April, where a majority of the companies reported better-than-expected earnings over the first quarter. In the US, the macroeconomic figures were better than expected, fueling the positive sentiment. In fixed income, the best returns were seen in the riskier segments. US Treasuries and German bunds yielded negatively. Given the meager developments in the European economy combined with a European Central Bank that stands on the sideline, we do not expect yields to move fast forward or backward. Credits and high yield benefited from the declining risk premium, but by now these categories are 'stretched' to say the least, with greater chances of a spread widening versus a further tightening.

Fund allocation

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Name Sector Weight
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Fund Classification

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Sustainability Themed Fund

Currency policy

Except for the active currency positions, currency risks are partly hedged to the base currency of the fund (EUR). This share class uses an additional NAV currency hedge to minimize the effects of currency fluctuations between base currency of the fund (EUR) and currency of the share class (USD).

Dividend policy

This share class of the fund does not distribute dividend.

ESG Integration policy

Robeco Multi Asset Income primarily invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the majority of the investments ESG integration occurs 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 can be selected. Such funds are currently out of the scope of the sustainability screening.

Investment policy

Robeco Multi Asset Income is an actively managed global multi-asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund. The fund is managed by an experienced team of specialists in multi-asset investing with a proven track record of more than 20 years. The investment strategy also relies on the sustainability research of RobecoSAM. RobecoSAM is an investment specialist focused exclusively on Sustainability Investing with more than 20 years of experience in sustainability, thematic and impact investing.

Risk policy

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

Expectation of fund manager

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In April, we did not make any changes to our portfolios. The overweight positions in both developed and emerging markets were already lowered to only minor overweights, as we expected equity markets to drift slightly higher, but market prices already include most good news according to our view. As high yield and credits are underweight, the portfolio in fact has a slightly positive risk profile. After the series of tweets of President Trump early May regarding the trade war between the US and China, we immediately reduced these weights to neutral across the portfolios.

Ruud van Suijdam, Jeroen Blokland
Ruud van Suijdam, Jeroen Blokland

Ruud van Suijdam, Jeroen Blokland

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. Mr. Jeroen Blokland is Portfolio Manager with Robeco within the Robeco Global Allocation team. Jeroen is portfolio manager of the Robeco Pension Return Portfolio since the launch in March 2012. Prior to joining the Robeco Global Allocation team, he was employed by IRIS, the independent Institute for Research and Investment Services of Robeco and Rabobank, as an Investment strategist since 2005. He started his career at Interpolis in 2002, where he held a position as asset manager and investment strategist. Jeroen holds a Master's degree in Economics from Erasmus University, Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1629880854
Bloomberg
Valoren37083070
WKN
Availability
1st quotation date1497484800000
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
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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.

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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