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Robeco Pension Return Portfolio I EUR

ISIN: LU0743697152
  • Equity-like return at lower risk
  • Well-diversified portfolio
  • Customized retirement investing
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

Robeco Pension Return Portfolio is an actively managed fund that invests in a mix of asset classes. The selection of instruments is on a fundamental basis. The fund's objective is to achieve long term capital growth. The fund can invest in equities, bonds, deposits and other fixed income securities, money market investments, Alternative Investments and other generally accepted asset classes. The fund may use derivatives for currency risk hedging and for actively taking positions in currencies in order to generate additional returns.

Price development

No performance data available

Price development

Robeco Pension Return Portfolio I EUR

Performance

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Fund Reference index
1 month
3 months
YTD
1 year
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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 2.04%. The Robeco Pension Return portfolio realized a positive return in February. Equities were among the best-performing asset classes even though things were a bit shaky towards the end of the month. Value is making a strong comeback as bond yields rise, helping performance. Emerging debt lagged as currencies fell and bond yields rose as well.

Statistics

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3 years 5 years
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Above mentioned ratios are based on gross of fees returns
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Above mentioned ratios are based on gross of fees returns
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Market development

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With increasing worries among economists and market participants about an overheating US economy, real assets surged in February. The Bloomberg Commodities Index increased 11.2% (in euros), beating the MSCI World Index (up 2.7% in euros). The US fixed income market, where the 10-year Treasuries increased 37 bps, was the epicenter of the market action. The reflation story continued to be the dominant theme, but the twist last month was that after quite a bit of hesitation the bond market finally seems to have also surrendered to it, at least it did in February. The Fed sees the rise in yields as a reflection of the ongoing recovery of the economy. This recovery continued in February, as the global economy maintained momentum, especially in the manufacturing sector. Global trade volumes rebounded and are back at pre-Covid levels. The services sector continues to show weaker momentum, as local lockdowns prevent the materialization of pent-up demand for services.

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

The fund may use derivatives for currency risk hedging and for actively taking positions in currencies in order to generate additional returns.

Dividend policy

The fund does not distribute dividend.

ESG Integration policy

The Robeco Pension Return Portfolio fund mainly invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the vast majority of the investments ESG integration applies 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. Such funds are currently out of scope of the sustainability screening.

Investment policy

Robeco Pension Return Portfolio is an actively managed fund that invests in a mix of asset classes. The selection of instruments is on a fundamental basis. The fund's objective is to achieve long term capital growth. The fund promotes ESG (i.e. Environmental, Social and corporate Governance) characteristics and integrates sustainability risks in the investment proces within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation. The fund applies an exclusion list on the basis of controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) and countries, next to proxy voting and engagement. The fund can invest in equities, bonds, deposits and other fixed income securities, money market investments, Alternative Investments and other generally accepted asset classes. The fund may use derivatives for currency risk hedging and for actively taking positions in currencies in order to generate additional returns.The investment policy is not constrained by a benchmark and the fund does not use a benchmark even for comparison purposes.

Risk policy

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

Sustainability profile

Full ESG Integration

Engagement

ESG integration policy

The Robeco Pension Return Portfolio fund mainly invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the vast majority of the investments ESG integration applies 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. Such funds are currently out of scope of the sustainability screening.

Expectation of fund manager

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In our view, sentiment levels are somewhat exuberant. However, a swifter-than-expected and more synchronized global economic recovery could validate this optimism. The increased odds that in the US a substantial stimulus package will indeed be delivered will accelerate the ongoing recovery. With the US being at the center of the reflation trade, this will also be supportive for financial markets. The recent rise in yields is a reflection of the ongoing economic recovery. The global sell-off in rates has somewhat further to run, as upside growth risk needs to be repriced and inflation expectations have not peaked. In addition, central banks will continue to show a relative tolerance for further yield curve steepening, as long as it reflects the intended inflation overshoot.

Jeroen Blokland
Jeroen Blokland

Jeroen Blokland

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
ISINLU0743697152
BloombergROBPRPI LX
Valoren14937893
WKN
Availability
1st quotation date1331596800000
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
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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.

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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).

The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.

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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