Robeco Pension Return Portfolio I EUR
- Equity-like return at lower risk
- Well-diversified portfolio
- 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 | ||
| 3 months | ||
| YTD | ||
| 1 year | ||
| 2 years | ||
| 3 years | ||
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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.
Performance explanation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}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
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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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) | |||
| Maturity (years) | |||
| Yield to Worst (%) | |||
| Green Bonds (%) |
Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}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
{{'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 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
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
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}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
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 | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU0743697152 |
| Bloomberg | ROBPRPI LX |
| Valoren | 14937893 |
| 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 |
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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 | ||
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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.
