Robeco QI Conservative Multi Asset IH USD

ISIN: LU1562702610
  • Global multi-asset strategy aiming to generate balanced returns with a defensive risk profile
  • Profits from tendencies in human behaviour that underpin the low-volatility anomaly
  • Defensive dynamic allocation to protect in down markets and keep track in up markets
Assets class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

The Robeco QI Conservative Multi Asset fund invests globally and across various asset classes. The long-term aim is to achieve attractive returns comparable to those of equities and bonds, but at a distinctly lower level of risk. The fund leverages on the proven expertise of Robeco in selecting low-volatility stocks and bonds.The fund dynamically allocates in a systematic way to the most attractive asset classes, with a focus on mitigating downside risks.


No performance data available


Robeco QI Conservative Multi Asset IH USD


{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}
Subject Fund Reference index
1 year
2 years
3 years
5 years
10 years
{{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundFacts.inceptionDate,'LL') ]}}
{{fund.fundPerformances.methode}} (for periods longer than one year)
{{fund.fundPerformances.methode}} (total amount of return)
{{fund.fundPerformances.returnType}} (return before costs)
{{fund.fundPerformances.returnType}} (return net of costs)
{{fund.fundPerformances.returnType}} (value of holdings in the fund at which they are traded)
Subject Fund Reference index
{{fund.fundPerformancePeriods.methode}} (for periods longer than one year)
{{fund.fundPerformancePeriods.methode}} (total amount of return)
{{fund.fundPerformancePeriods.returnType}} (return before costs)
{{fund.fundPerformancePeriods.returnType}} (return net of costs)
{{fund.fundPerformancePeriods.returnType}} (value of holdings in the fund at which they are traded)


{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}
Subject 3 years 5 years
Standard deviation
Max. monthly gain (%)
Tracking error ex-post (%)
Sharpe ratio
Information ratio
Max. monthly loss (%)
Subject 3 years 5 years
Hit ratio (%)
Hit ratio Bear (%)
Hit ratio Bull (%)
Months Bear market
Months Bull market
Months outperformance
Months outperformance Bear
Months outperformance Bull
Subject Fund Reference index
Option Adjusted Modified Duration (years)
Maturity (years)
Yield to Worst (%)

Market development

{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}

Equity market: Global equities rose in July, as earnings beat estimates in the US and, to a lesser extent, in Europe. Trade war fears remained, but talks between US President Trump and the EU seemed promising, although some market watchers pointed out that they only actually agreed to pursue further discussions on tariffs. Meanwhile, tensions between the US and China kept rising. The impact on equity performance has remained muted so far, with many equity indices still close to record levels. Moreover, most emerging stocks experienced a rebound. Credits market: The Bloomberg Barclays Global Aggregate Corporates Index recovered from the sell-off seen in June, with the spread tightening from 125 to 113 bps during the month. Positive sentiment was fueled by Q2 corporate sales and earnings growth figures. A tighter than expected supply of new corporate bond issues gave a further lift to the market, which seemed to disregard ongoing geopolitical tensions. The rally was broad-based in terms of sectors, countries and currency denominations, with longer-dated and lower-rated paper outperforming.

Fund Classification

ESG integration
Sustainability Themed Fund

Fund allocation

{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}
Name Sector Weight

Currency policy

Except for the active currency positions, currency risks are partly hedged to the base currency of the fund (EUR). This share class uses an additional NAV currency hedge to minimize the effects of currency fluctuations between base currency of the fund (EUR) and currency of the share class (USD).

Dividend policy

This share class of the fund does not distribute dividend.

ESG Integration policy

Environment, Social and Governance (ESG) factors are systematically integrated in the highly disciplined investment process, by using the ESG scores of the 4.000 largest companies from the annual RobecoSAM Corporate Sustainability Assessment. The ESG integration aims for an average ESG score of the portfolio at least as high as the ESG score of the index. This ensures that stocks with higher ESG scores are more likely to be included in the portfolio while stocks of companies that have very poor ESG scores are more likely to be divested from the portfolio. With these portfolio construction rules we aim for an ESG profile of the fund that is above average compared to its peers. In addition, stocks with corporate governance issues or stocks that have major litigation or regulatory risk may be excluded from the investable universe. Next to ESG integration, Robeco has an exclusion policy and conducts proxy voting and engagement activities based on International Corporate Governance Network objectives.

Investment policy

The objective of Robeco QI Conservative Multi Asset is to deliver long-term returns in line with a balanced 50/50 mix of equities and bonds, with a risk profile in line with a more defensive 30/70 mix of equities and bonds. It aims to achieve a higher Sharpe ratio than both mixes in the long term. The fund leverages on Robeco’s expertise in managing low-volatility equity and credit portfolios and adds dynamic allocation with a short equity market bias, to mitigate downside risks and to generate a stable return pattern. The aim is to have a balanced exposure to performance drivers and risks. The fund is managed by an experienced team of quantitative investment specialists in multi asset and conservative investing at Robeco. It relies on Robeco’s proven quantitative models for dynamic asset allocation, and for selecting low-volatility stocks and bonds.

Risk policy

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

Expectation of fund manager

{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}

The fund is positioned to win by losing less: lagging in bull markets but winning in bear markets, and achieving high Sharpe ratios over full cycles. We are currently in one of the longest bull markets in history and the question is not if, but when, the market will reverse.

Guido Baltussen, Pim van Vliet, Shengsheng Zhang, CFA, Klaas Smits, Thibault Lair, CFA, Lodewijk van
Guido Baltussen, Pim van Vliet, Shengsheng Zhang, CFA, Klaas Smits, Thibault Lair, CFA, Lodewijk van

Guido Baltussen, Pim van Vliet, Shengsheng Zhang, CFA, Klaas Smits, Thibault Lair, CFA, Lodewijk van

Guido Baltussen is Head of the Quant Allocation team and Lead Portfolio Manager Liquid Alternatives and Multi Asset strategies. He also holds a position as Associate Professor at Erasmus University Rotterdam. Before joining Robeco in 2017, Guido was Head of Fixed Income and Multi Asset Research at NN Investment Partners. He started his career in the investment industry in 2004 and has published in highly ranked academic journals such as the American Economic Review, Management Science and the Journal of Financial and Quantitative Analyses. Guido holds a PhD and a Master's (cum laude) in Financial and Business Economics from Erasmus University Rotterdam. Mr. Pim is a Senior Portfolio Manager within the Quantitative Equities team of Robeco. His primary focus is Robeco's Low-volatility capabilities, including Conservative Equities. Pim joined Robeco in 2005 as a Senior Quantitative Researcher at the Quantitative Strategies department with responsibility for the allocation research. He has published among others in the Journal of Banking and Finance, Management Science and the Journal of Portfolio Management. He is a regular speaker at international conferences and is guest lecturer at several universities. Pim holds a PhD and MSc (cum laude) in Financial and Business Economics from Erasmus University Rotterdam. Pim van Vliet is registered with the Dutch Securities Institute. Ms. Shengsheng Zhang is Portfolio Manager Global Allocations with Robeco since September 2012. Prior to joining Robeco, Shengsheng was employed by Delta Lloyd Asset Management for 6 years where she first held the position of Quantitative Analyst and later of Quantitative Portfolio Manager. She holds a Master's degree in Financial Engineering from the University of Twente and she is CFA charterholder. Mr. Smits is responsible for the management and development of Robeco's Multi Asset Quant capabilities and part of the Investment Solutions team. Prior he was responsible for developing Robeco's FamdA


{{'fund.detail.general.perDate' | labelize:[ fundDate(,'llll') ]}}
Management companyRobeco Luxembourg S.A.
Fund capital
Outstanding shares
AvailabilityFR, LU, CH
1st quotation date1487289600000
Close financial year31-12
Legal statusInvestment company with variable capital incorporated under Luxembourg law (SICAV)
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
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.


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.

By clicking Proceed I confirm that I am a professional investor and that I have read, understood and accept the terms of use for this website.