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RobecoSAM Global Gender Equality Impact Equities IE EUR

Index: MSCI World Index TRN
ISIN: LU2145459850
  • Investing in gender equality creates positive impact—Delivers positive long-term shareholder returns by selecting companies with a strong competitive advantage from recognizing and acting on the strategic importance of improving gender equality.
  • Contribution to the UN Sustainable Development Goals —Supports the achievement of the Sustainable Development Goals by investing in companies that exhibit strength in the retention of female talent, equal remuneration and employee well-being.
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

RobecoSAM Global Gender Equality Impact Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.

Price development

No performance data available

Price development

RobecoSAM Global Gender Equality Impact Equities IE EUR

Performance

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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 4.01%. During the month, the fund outperformed strongly relative to the MSCI World benchmark, driven by stock selection. Stock selection in almost all sectors contributed positively, especially in industrials, communication services and materials. Daikin Industries reported very strong quarterly results on the back of very strong sales figures in the US and China, and raised H2/FY profit guidance. Agilent Technologies outperformed strongly, helped by strong sales figures across its three segments, with the major highlight being the performance of its chemical & energy business (incl. in the life sciences and applied markets), as customers resumed their instrument replacement activities. Similarly, Novo Nordisk's stellar results led to very strong share price performance, as the much stronger-than-expected sales of its major drug, Ozempic, offset the weaker Rybelsus sales. Schneider Electric reported a very strong quarter, with top line, operating margin and free cash flow coming in well ahead of expectations, leading to strong increases in the FY top-line and EBITA guidance respectively. On the detractor front, Mastercard performed poorly, despite posting good quarterly numbers.

Statistics

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Dividend paying history

Date Amount
Download dividend history

Market development

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Global equities edged higher, as solid corporate earnings outweighed the concerns around the surge in Covid Delta variant cases. Q2 corporate earnings have generally been ahead of expectations so far. On the US macroeconomic front, nonfarm payrolls posted a strong increase, while the unemployment rate came in well below expectations in July. On the monetary policy front, Fed Chairman Powell indicated during his speech at the Jackson Hole conference that the Fed may start reducing its bond purchases by the end of 2021, given the substantial progress that has been made in the economy. However, the probability of a rate hike taking place in the near future is rather limited, mostly given the current slack in the job market and, to a lesser extent, the spread of the Delta variant. In terms of market performance, information technology and communication services were the best-performing sectors, while energy and materials were the laggards. US and emerging market equities outperformed European equities.

Fund allocation

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Name Sector Weight
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Currency policy

The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.

Dividend policy

In principle, this share class of the fund does distribute dividend.

ESG Integration policy

RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.

Investment policy

RobecoSAM Global Gender Equality Impact Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to create a positive societal impact by investing in companies that exhibit a high degree of gender equality and that actively promote gender equality. The fund integrates ESG (i.e. Environmental, Social and corporate Governance) in the investment process, applies an exclusion list basis controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) while avoiding investment in thermal coal, weapons, military contracting and companies that severely violate labor conditions, next to voting and engaging.The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the sustainable objective of the fund.

Risk policy

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

Sustainability profile

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Exclusions++

Full ESG Integration

Voting & Engagement

ESG Target

Footprint target Exclusion based on negative screening
↓20% ≥20%

Target Universe

Gender Equality

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The Gender Equality score displays the portfolio's scores for a subset of questions covering the topic of gender equality from multiple angles (from board diversity through executive compensation to workforce diversity). The Total Gender Score is comprised of these question scores and is provided at the center of the chart. If an index has been selected, additional alerts appear below the question name to highlight relative performance with respect to gender equality.

CGF GIGE_20210831-CGF GIGE_20210831-genderEquality.png

ESG Score

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The portfolio ESG score (and E,S and G score) is calculated by multiplying the RobecoSAM Smart ESG Score of each holding by its respective portfolio or index weight. The same methodology is applied in calculating the key ESG Criterion scores. The scores of the portfolio are provided alongside the scores of the index, highlighting the portfolio’s relative sustainability. The colors indicate the score of the portfolio, whilst the shading shows the index.

CGF GIGE_20210831-CGF GIGE_20210831-smartESGScoreTotal.png CGF GIGE_20210831-CGF GIGE_20210831-smartESGScoreDimensions.png CGF GIGE_20210831-CGF GIGE_20210831-keySmartESGCriteria.png

Environmental Footprint

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The RobecoSAM footprint ownership of the portfolio expresses the total resource consumption the portfolio finances. Each company's footprint is calculated by normalizing resources consumed by the company's enterprise value. Multiplying these values by the dollar amount invested in each company yields the aggregate footprint ownership figures. The selected index's footprint (for an equivalent $ amount invested in corporates) is provided alongside. The portfolios score is shown in blue and the index in grey.

CGF GIGE_20210831-CGF GIGE_20210831-footprintOwnershipCo2.png
Robeco data based on Trucost data. *
CGF GIGE_20210831-CGF GIGE_20210831-footprintOwnershipWaste.png
Source: Data based on RobecoSAM impact data.
CGF GIGE_20210831-CGF GIGE_20210831-footprintOwnershipWater.png
Source: Data based on RobecoSAM impact data.
* Source: S&P Trucost Limited © Trucost 2021. All rights in the Trucost data and reports vest in Trucost and/or its licensors. Neither Trucost, not its affliates, nor its licensors accept any liability for any errors, omissions, or interruptions in the Trucost data and/or reports. No further distribution of the Data and/or Reports is permitted without Trucost's express written consent.

ESG integration policy

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RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.

Expectation of fund manager

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We expect healthy growth in the global economy with continuous progress in employment gains. We do not regard the spread of the Delta variant as a long-term threat. Monetary policy remains loose, although investors are gradually starting to embrace the idea of an eventual withdrawal of liquidity by central banks. The fund management remains selective on stocks and continues to focus on sustainable companies that exhibit a high degree of gender equality, have strong fundamentals and are able to deliver consistent earnings over the cycle.

Audrey Kaplan
Audrey Kaplan

Audrey Kaplan

Audrey Kaplan is Portfolio Manager for Robeco's Sustainable Global Stars Equities strategy, where she is focusing on financials, consumer staples and portfolio construction, as well as for the RobecoSAM Global Gender Equality Impact Equities strategy. She joined Robeco in 2021. Previously, she was Head of Global Equity Strategy at Wells Fargo Investment Institute (NY). Prior to joining Wells Fargo, she worked as Head of International Equity Team and Senior Portfolio Manager at Federated Investors, Inc. (NY, now known as Federated Hermes). She also held roles in European research at Merrill Lynch International (London) and in Asian research at Salomon Brothers, Inc. (Tokyo) earlier in her career. She started her career in 1989. She holds a Master's in Finance from London Business School and a Bachelor's in Computer & Systems Engineering from Rensselaer Polytechnic Institute.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU2145459850
BloombergRSGGIIE LX
Valoren55666665
WKNA2QD2J
Availability
1st quotation date1603929600000
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
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Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

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max entry fee
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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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