Robeco Pension Matching Portfolio IH EUR
- Protection of future retirement income
- A base of solid bonds
- Customized retirement investing
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Reference index | |
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| 1 month | ||
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| 10 years | ||
| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
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 | |
|---|---|---|
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.
Statistics
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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| Max. monthly loss (%) |
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| 3 years | 5 years | ||
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| Months outperformance | |||
| Hit ratio (%) | |||
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| Hit ratio Bull (%) | |||
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| Hit ratio Bear (%) |
| Fund | Reference index | ||
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| Rating | |||
| Option Adjusted Modified Duration (years) | |||
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| Yield to Worst (%) | |||
| Green Bonds (%) |
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
|---|---|---|
Fund Classification
| Yes | No | N/A | ||
|---|---|---|---|---|
| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
|---|---|---|---|---|
| Screening | ||||
| Integration | ||||
| Sustainability Themed Fund |
Currency policy
The Robeco Pension Matching Portfolio invests mainly in EUR denominated bonds. To preserve the value of the investments in other currencies against fluctuations in the currency prices, derivatives are used for currency hedging transactions.
Dividend policy
The fund does not distribute dividend.
ESG Integration policy
Robeco is dedicated to sustainability investing and we integrate sustainability aspects into our investment processes wherever we find this has added value and wherever this is possible. Next to ESG integration, Robeco has an exclusion policy, were we exclude government bonds issued by controversial countries from the investable universe. The scope of issuers of bonds within the Subfund is very limited. The Subfund only holds positions in Core Euro government bonds for reasons of liquidity and creditworthiness. Therefore, the investment universe and the type of investments of the Company are such that it is not feasible to integrate ESG factors into the investment processes. The Subfund has a limited position in credit funds of the Robeco Group. Within this allocation ESG integration is an integral part of the investment process.
Investment policy
The Robeco Pension Matching Portfolio aims to protect the expected future retirement income in two ways. Firstly by adjusting the duration of the investments to the expected duration of the future pension annuity, as provided by an insurance company. Secondly by partly protecting against unexpected rice of inflation. This will reduce the risk that the future retirement income declines, due to fluctuations of interest rates or unexpected inflation in the period before retirement. The base of the portfolio contains Dutch, German, Finnish and (inflation linked) French government bonds. Next to that the portfolio also contains credits and money market investments. Interest swaps and inflation swaps can be used to adjust the portfolio to the targeted interest rate- and inflation- duration. Combined with the Robeco Pension Return Portfolio, the Robeco Pension Matching Portfolio can be used to reduce the investment risk during period until the retirement date. In the early investment stage allocation to the Robeco Pension Return Portfolio will be used to strive for an equity-like return with a lower volatility, by diversifying over multiple investment classes. When getting closer to retirement allocations shift more towards the Robeco Pension Matching Portfolio. With these two portfolios, the customization of retirement investing becomes possible.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Remmert Koekkoek
Remmert Koekkoek is Head of Insurance and Pension Solutions within the Global Fixed Income Macro team. He has worked at Robeco since 2011. In the period 2010-2011 he was responsible for derivative overlay investment solutions for Dutch pension funds and insurance companies at Credit Suisse. Between 2005 and 2010 Remmert also worked in Robeco's Structured Investment team as a Trader. He started his career in the industry in 2004 at ING Risk Management. Remmert holds a Master's (cum laude) in Econometrics from Erasmus University Rotterdam.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU0743698473 |
| Bloomberg | ROBPMIH LX |
| Valoren | 14937908 |
| WKN | |
| Availability | |
| 1st quotation date | 1331596800000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
| Morningstar |
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| 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 0.01% 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.
