Robeco ONE Duurzaam
Global multi-asset fund investing in sustainable equity and bond funds
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.
F2-EUR
Class and codes
Asset class:
Asset Allocation
ISIN:
LU1821198816
Bloomberg:
ROMAF2E LX
Index
50% MSCI All Country World Index 50% (EUR) Bloomberg Global Aggregate (hedged to EUR)
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
- Fully sustainable multi-asset solution with a neutral risk profile
- Combination of fundamental, thematic and factor sustainable investments
- Active asset allocation to enhance both risk and return
About this fund
Robeco Multi Asset Sustainable is an actively managed global multi asset fund. The fund's objective is to achieve a better return than the index. The fund has a balanced risk profile and uses asset allocation strategies, mainly investing directly in equities and bonds as well as taking exposure to other asset classes such as deposits and money market instruments. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk return profile of the fund.
Key facts
Total size of fund
€ 135,199,127
Size of share class
€ 133,513,785
Inception date share class
06-06-2018
1-year performance
8.43%
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
1.73%
1.93%
3 months
6.10%
6.30%
YTD
2.34%
2.94%
1 year
8.43%
11.79%
2 years
0.40%
2.25%
3 years
1.99%
3.63%
5 years
4.24%
-
Since inception 06/2018
3.83%
-
2023
8.48%
11.27%
2022
-13.63%
-12.93%
2021
10.79%
11.85%
2020
5.93%
-
2019
16.83%
-
2021-2023
1.25%
2.71%
2019-2023
5.14%
-
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.
0.76%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.55%
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.
0.10%
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
This share class of the fund does not distribute dividend.
Robeco Multi Asset Sustainable is an actively managed global multi asset fund. The fund's objective is to achieve a better return than the index. The fund has a balanced risk profile and uses asset allocation strategies, mainly investing directly in equities and bonds as well as taking exposure to other asset classes such as deposits and money market instruments. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk return profile of the fund. The fund promotes 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 majority of investment instruments selected through this approach will be components of the Benchmark but investment instruments outside the Benchmark index may be selected too. The fund can deviate substantially from the weightings of the Benchmark. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can take a substantial active risk. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the ESG characteristics promoted by the fund.
Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.
Sustainability-related disclosures
Sustainability profile
Exclusion based on negative screening
≥15%
Sustainability
The fund invests a minimum of 80% in Robeco managed or externally managed funds which are classified as Article 8 or 9 under SFDR. For direct line investments with government and/or corporate exposure (credit or equity), the fund incorporates sustainability in its investment process as follows. For government bonds, the fund complies with Robeco's exclusion policy for countries. In addition, the fund excludes the 15% worst ranked countries following the World Governance Indicator 'Control of Corruption' and integrates ESG factors of countries to ensure that the fund's investments have a minimum average score of 6 following Robeco's proprietary Country Sustainability Ranking. The Country Sustainability Ranking scores countries on a scale from 1 (worst) to 10 (best) based on 40 environmental, social, and governance indicators. For corporate investments, the fund does not make investments in issuers that are in breach of international norms or where activities have been deemed detrimental to society following Robeco's exclusion policy. Financially material ESG factors are integrated in the bottom-up security analysis to assess the existing and potential ESG risks and opportunities of an issuer. The fund limits exposure to issuers with elevated sustainability risks in the portfolio construction. Lastly, where issuers are flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to engagement. The following sections display the ESG-metrics for this fund along with short descriptions. For more information please visit the sustainability-related disclosures.The index used for all sustainability visuals is based on 50% MSCI All Country World Index 50% (EUR) Bloomberg Global Aggregate (hedged to EUR).
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 1.73%. The Robeco ONE Duurzaam Fund was up 1.7% over the month, slightly behind its benchmark. February unfolded as a story of two tales: equities enjoyed a bull market rally, while bonds continued to lose ground due to higher yields. Consequently, the equity portion of the Multi Asset Sustainable Fund made a positive contribution of approximately 2.1%, whereas the fixed income portion contributed negatively by around -0.5%. The fund maintains a tactical overweight in equities and a tactical underweight in bonds, resulting in a positive allocation effect of approximately 20 bps during the month. Within equities, the global value segment lagged behind. This was, however, partially offset by the excellent performance of the Global Impact segment, which produced a positive relative performance of 1.6%, driven by the Smart Energy Fund, which displayed a staggering monthly return of 9.8%. On the fixed income side, rising yields led to a negative performance of -0.8% for the Credit Income segment, in line with the Global Aggregate Index. The Climate Global Bonds segment lagged the same index by 1.1%, primarily due to the higher duration positioning at the beginning of the month.