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RobecoSAM Inst Global Developed Climate Conservative Equities T2 EUR

Index: MSCI World Index
ISIN: NL0013057920
  • Aims for global equity returns with lower downside risk
  • Target stable equity returns and high income
  • Low-risk stocks with high sustainability profile, attractive valuation and positive momentum
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

RobecoSAM Institutional Global Developed Climate Conservative Equities is an actively managed fund that invests in low-volatile stocks in developed economies that contribute to maintaining the global temperature rise below 2 °C. The selection of these stocks is based on a quantitative model.The fund's long-term aim is to achieve returns equal to, or greater than, those on developed equity markets with lower expected downside risk.The selected low-risk stocks are characterized by high dividend yields, attractive valuation, strong momentum and positive analyst revisions as well. This results in a diversified, low turnover portfolio of defensive stocks aiming to achieve stable equity returns and high income. The fund aims at selecting stocks with relatively low environmental footprints to ensure a carbon footprint reduction aligned with the MSCI World Climate Paris Aligned Index.

Price development

No performance data available

Price development

RobecoSAM Inst Global Developed Climate Conservative Equities T2 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 closing GAV, the fund's return was -2.89%. The conservative equities that the fund typically selects as part of its investment strategy, lagged the market last month.

Statistics

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Dividend paying history

Date Amount
Download dividend history

Fund allocation

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Currency policy

Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.

Dividend policy

All of the fund's income is reinvested after deduction of costs and withholding tax. Within three months of the close of the financial year, participants can indicate whether they want the dividend to be reinvested or distributed.

ESG Integration policy

Environmental, Social and Governance (ESG) factors are systematically integrated in the highly disciplined investment process, by using ESG scores based on the S&P Global Corporate Sustainability Assessment. The ESG integration aims for a total ESG score of the portfolio that is at least 10% higher than the index. Moreover, the scores on the Environmental, Social and Governance dimensions should also be higher than the index, to ensure that the ESG enhancement is reached across all three dimensions. 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. In addition, the environmental footprint of the fund is improved by restricting the GHG emissions at 50% lower than the index , while water use and waste generation are kept at 20% stricter levels than the index. As a result stocks with relatively low footprints have a higher probability of being selected in the portfolio compared to stocks with poor environmental footprints. Furthermore the portfolio does not invest in companies which have a negative score on one or more of the UN Sustainable Development Goals (SDGs). Lastly, the fund will not invest in companies exposed to the following controversial sectors or business practices, including military contracting, controversial weapons, fire arms, UN Global Compact breaches, tobacco, gambling, adult entertainment, palm oil, thermal coal, and alcohol, according to strict revenue thresholds.

Investment policy

RobecoSAM Institutional Global Developed Climate Conservative Equities is an actively managed fund that invests in low-volatile stocks in developed economies that contribute to maintaining the global temperature rise below 2 °C. The selection of these stocks is based on a quantitative model. The fund's long-term aim is to achieve returns equal to, or greater than, those on developed equity markets with lower expected downside risk.The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund contributes to keeping the maximum global temperature rise well-below 2 °C by reducing the carbon footprint intensity of the portfolio. 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 proxy proxy voting and engagement .The selected low-risk stocks are characterized by high dividend yields, attractive valuation, strong momentum and positive analyst revisions as well. This results in a diversified, low turnover portfolio of defensive stocks aiming to achieve stable equity returns and high income. The fund aims at selecting stocks with relatively low environmental footprints to ensure a carbon footprint reduction aligned with the MSCI World Climate Paris Aligned Index.The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The fund can deviate from the weightings of the Benchmark. The fund aims to outperform the Benchmark over the long run, whilst still controlling relative risk through the applications of limits (on countries and sectors) to the extent of deviation from the Benchmark. This will consequently limit the deviation of the performance relative to the Benchmark. The fund will use the MSCI World Climate Paris Aligned Index to monitor the attainment of the sustainable investment objective and carbon profile of the fund in line with the Paris Agreement requirements on greenhouse gas emission reduction. The Paris Aligned Index is consistent with the sustainable investment objective pursued by the fund. It differs from a broad market index in that the latter does not take into account in its methodology any criteria for alignment with the Paris Agreement on greenhouse gas emission reduction and related exclusions.

Risk policy

Risk management is fully integrated in 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

ESG score target Footprint target
↑10% ↓50%

Target Universe

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.

IUF SCONDOR_20210930-IUF_SCON_20210930-smartESGScoreTotal.png IUF SCONDOR_20210930-IUF_SCON_20210930-smartESGScoreDimensions.png IUF SCONDOR_20210930-IUF_SCON_20210930-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.

IUF SCONDOR_20210930-IUF_SCON_20210930-footprintOwnershipCo2.png
Certain information © 2021 MSCI ESG Research LLC. Reproduced by permission.
IUF SCONDOR_20210930-IUF_SCON_20210930-footprintOwnershipWaste.png
Source: Data based on RobecoSAM impact data.
IUF SCONDOR_20210930-IUF_SCON_20210930-footprintOwnershipWater.png
Source: Data based on RobecoSAM impact data.

ESG integration policy

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Environmental, Social and Governance (ESG) factors are systematically integrated in the highly disciplined investment process, by using ESG scores based on the S&P Global Corporate Sustainability Assessment. The ESG integration aims for a total ESG score of the portfolio that is at least 10% higher than the index. Moreover, the scores on the Environmental, Social and Governance dimensions should also be higher than the index, to ensure that the ESG enhancement is reached across all three dimensions. 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. In addition, the environmental footprint of the fund is improved by restricting the GHG emissions at 50% lower than the index , while water use and waste generation are kept at 20% stricter levels than the index. As a result stocks with relatively low footprints have a higher probability of being selected in the portfolio compared to stocks with poor environmental footprints. Furthermore the portfolio does not invest in companies which have a negative score on one or more of the UN Sustainable Development Goals (SDGs). Lastly, the fund will not invest in companies exposed to the following controversial sectors or business practices, including military contracting, controversial weapons, fire arms, UN Global Compact breaches, tobacco, gambling, adult entertainment, palm oil, thermal coal, and alcohol, according to strict revenue thresholds.

Expectation of fund manager

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The Institutional Global Developed Climate Conservative Equities Fund invests in low volatility stocks with lower expected downside risk and good upside potential. The more stable stocks tend to be overlooked by investors, though they offer relatively high returns given their risk profile. We expect the fund to do particularly well during down markets and volatile market conditions. In a very bullish environment, the fund could lag the overall market, yet still deliver good absolute returns. In the long term, we expect stable equity returns and high income with considerably lower downside risk.

Pim van Vliet, Arlette van Ditshuizen, Maarten Polfliet, Jan Sytze Mosselaar, Arnoud Klep
Pim van Vliet, Arlette van Ditshuizen, Maarten Polfliet, Jan Sytze Mosselaar, Arnoud Klep

Pim van Vliet, Arlette van Ditshuizen, Maarten Polfliet, Jan Sytze Mosselaar, Arnoud Klep

Mr. Van Vliet is the head of the Conservative Equities team. Pim joined Robeco in 2005 as a Quantitative Researcher. He has published academic research in the Journal of Banking and Finance, Management Science, the Journal of Portfolio Management and other journals. He is a guest lecturer at several universities, advocates low-volatility investing at international seminars and is author of the book High Returns from Low Risk. Pim holds a PhD and an MSc (cum laude) in Financial and Business Economics from Erasmus University Rotterdam. Ms. Van Ditshuizen is a Portfolio Manager within the Conservative Equities team. Previously, Arlette was Risk Manager with Robeco and held a position as Portfolio Manager and Head of Derivatives Structures with Robeco. She started her career in 1997 at Robeco after graduating from Erasmus University Rotterdam with a Master's degree in Econometrics. Mr. Polfliet is a Portfolio Manager within the Conservative Equities team. Maarten joined Robeco in 2005. Previously, he was Client Portfolio Manager Quantitative Equities with Robeco. He started his career as portfolio manager at SNS Bank in 1999 after graduating from Tilburg University with a Master’s degree in Financial Economics. Mr. Mosselaar is a Portfolio Manager within the Conservative Equities team. Previously, Jan-Sytze was Portfolio Manager in the Robeco Asset Allocation department, managing multi-asset allocation funds, quant allocation funds and fiduciary pension mandates. He started his career at Robeco in 2004 after graduating from the University of Groningen with a Master’s degree in Business Economics. Mr. Klep is a Portfolio Manager within the Conservative Equities team. Previously, Arnoud was Head of Structured Investments with Robeco, managing various quantitative investment strategies. He started his career in the Robeco Quantitative Research department in 2001 after graduating from Tilburg University with a Master’s degree in Econometrics.

Details

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Management company
Fund capital
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ISINNL0013057920
BloombergRQGDT2E NA
Valoren
WKN
Availability
1st quotation date1540425600000
Close financial year31-12
Legal status
Tracking error limit (%)
Reference index

Cost of this fund

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This fund deducts ongoing charges of
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