Robeco Pension Return Portfolio I EUR
- Equity-like return at lower risk
- Well-diversified portfolio
- Customized retirement investing
About this fund
Performance
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Subject | Fund | Reference index |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundFacts.inceptionDate,'LL') ]}} |
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{{fund.fundPerformances.returnType}} (value of holdings in the fund at which they are traded)
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{{fund.fundPerformancePeriods.returnType}} (return net of costs)
{{fund.fundPerformancePeriods.returnType}} (value of holdings in the fund at which they are traded)
Statistics
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundStatistics.date,'llll') ]}}| Subject | 3 years | 5 years | |
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| Subject | 3 years | 5 years | |
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| Subject | Fund | Reference index | |
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| Option Adjusted Modified Duration (years) | |||
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| Rating | |||
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}In August, the US equity market was the strongest market with +2.8%, setting another new record. This despite the country's trade dispute with more or less the rest of the world and the ongoing turbulence of the Trump presidency. The American economy however is doing fine, with high earnings, low unemployment and a strong US dollar. European equity markets on the contrary had a tough month. Political risks are on the rise again, with budgetary discussions in Italy and the ongoing Brexit uncertainty. Emerging markets also declined. A range of countries is facing problems, but Turkey sparkled the downturn as the central bank refused to hike interest rates, which caused a sell-off in the currency. This had a spill-over effect to other emerging markets. Bond markets showed mixed results. Italian government bonds and emerging markets bonds lost, while traditional safe havens like German Bunds were in favor.
Fund Classification
| Description | Yes | No | N/A | |
|---|---|---|---|---|
| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Description | Yes | No | N/A | |
|---|---|---|---|---|
| Screening | ||||
| Integration | ||||
| Sustainability Themed Fund |
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
|---|---|---|
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
The Robeco Pension Return Portfolio aims to realize a better risk return ratio than a full equity portfolio. By diversifying over various asset classes, including the possibility to invest in high yield bonds and emerging market debt, the fund aim's to deliver on the long run a better risk return profile than the reference index, the MSCI World. The portfolio invests in a highly diversified mix of both passive and active managed funds. The asset allocation, manager selection and the construction of this well-diversified portfolio are actively managed by implementing the newest outlook in this portfolio. Combined with the Robeco Pension Matching Portfolio, the Robeco Pension Return Portfolio can be used to reduce the investment risk during period until the retirement date. In the early investment stage, investments should be allocated to the Robeco Pension Return Portfolio. When getting closer to retirement allocations should shift more towards the Robeco Pension Matching Portfolio, which is aimed at preserving the purchasing power of the pension assets, by adjusting the duration for the duration of a future pension annuity. 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.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The Robeco Pension Return portfolio is overweight equities, with a preference for developed market equities over emerging market equities. High yield bonds remain underweight as their risk-return profile is less attractive compared to other asset classes.
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
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | Robeco Luxembourg S.A. |
| Fund capital | |
| Outstanding shares | |
| ISIN | LU0743697152 |
| Bloomberg | ROBPRPI LX |
| Valoren | 14937893 |
| WKN | |
| Availability | LU, NL |
| 1st quotation date | 1331596800000 |
| Close financial year | 31-12 |
| Legal status | Investment company with variable capital incorporated under Luxembourg law (SICAV) |
| Morningstar | |
| 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.
