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RobecoSAM Sustainable Food Equities I EUR

Reference index: MSCI World Index TRN
ISIN: LU0374107216
  • Invest in companies that play an integral role in the long-term provision of food security
  • Strong long-term track record vs. both peers and the underlying crop complex
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

RobecoSAM Sustainable Food Equities invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The Fund focuses on investment opportunities arising from the ongoing food sector transformation. The management team aims to identify and invest in market leaders, which offer sustainable solutions for food quality and security, automation and processing, resource utilization, and consumer demand shifts. By combining RobecoSAM thematic research expertise with sustainability analysis, ESG criteria are fully integrated along the investment process across key sustainable food areas.

Price development

No performance data available

Price development

RobecoSAM Sustainable Food Equities I 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.

Statistics

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Market development

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October brought a pronounced uptick in volatility and proved one of the worst months for global equity markets in the current cycle. Especially mega caps like Amazon, IBM and Caterpillar were hit hard, as investors turned bearish on future earnings prospects and renewed tariff threats. The food sector performed better than the broader market, and so did the fund. Given overall market conditions, investors rediscovered defensive food sectors, like visible in the strong relative performance of staples. Just in time news arrived about some larger player’s intention to take on incremental pricing actions, something not heard of for quite some time. On a different note, the inaugural GroceryShop conference in Las Vegas towards the end of October, provided first-hand insights in how digitization is progressing in food retail and distribution. Although online penetration for groceries today is in the low single digits, future projections range from low double digits to as high as 25% by 2025. In unison, the industry echoes the consumer push towards multi-channel capabilities like scan-and-go and pick-up in store. Growing capex portions of retailers in digital solutions are creating attractive growth markets for solution providers.

Fund allocation

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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
Integration
Sustainability Themed Fund

Currency policy

The fund is allowed to pursue an active currency policy to generate extra returns.

Dividend policy

The fund does not distribute dividend; any income earned is retained, and so the fund's entire performance is reflected in its share price.

ESG Integration policy

For RobecoSAM Sustainable Food Equities, the initial universe consists of companies that offer products and services related to the global food sector. By combining RobecoSAM thematic research expertise with sustainability analysis, ESG criteria are fully integrated along the investment process across key sustainable food areas. Specialized sustainability screens for the food sector that assess extra-financial data (e.g. animal welfare, plant protection chemicals, forestry certification etc.) are applied as part of the due diligence process. In addition, voting and engagement practices form an integral part of the strategy’s investment process. By collaborating closely with internal engagement specialists, the investment management team places emphasis on having constructive dialogues with food companies to encourage sustainable business practices.

Investment policy

Allocation to thematic strategies that are based on long-term trends offer possibilities of outperforming the broader market over a 3-5 year investment horizon. This theme fund invests in companies in the food industries worldwide that benefit most from the selected long-term trends Demographic changes and the shortage of resources are the main long-term trends that form the basis of our thematic strategies. The structured investment process adopted by the fund aims to invest in the most attractive companies in the universe of international equities along the entire food value chain. The first step in this process is to perform a macroeconomic analysis to pick out those trends which have a significant influence on the food industry. The process subsequently identifies all companies that demonstrate a clear correlation to the investment theme and stand to benefit most from the trends and developments highlighted. RobecoSAM evaluates the absolute and relative attractiveness of individual companies in terms of investment and growth potential on the basis of systematic analysis using a discounted cash flow (DCF) model and a quantitative assessment of financial and sustainability criteria. The composition of the portfolio is then defined taking into account risk-specific criteria.

Risk policy

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

Expectation of fund manager

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Concerns about more trade tariffs and their impact on global economic growth are likely to continue weighing on the stock markets. If contained, the fund management remains confident that the global economy will follow a fairly benign growth path, with only limited inflationary pressure building up. This should be supportive for the stock markets. The focus of our stock selection remains on companies with differentiated business models, high barriers to entry, able to sustainably generate superior long-term returns. We consider providers of mechanization and digitization solutions on the farm and in food production and logistics to be the major beneficiaries. Furthermore, we expect the ongoing consumer shift towards more conscious eating to have a profound effect on the entire food supply chain.

Holger Frey, CAIA
Holger Frey, CAIA

Holger Frey, CAIA

Holger Frey is Senior Portfolio Manager responsible for managing the RobecoSAM Sustainable Food strategy. Additionally, he is the Deputy Portfolio Manager for the RobecoSAM Sustainable Water strategy. Prior to joining, Holger worked for 10 years as a Portfolio Manager and Analyst for Sustainable Equities at Deutsche Asset & Wealth Management. In this role he was the Lead Portfolio Manager of the DWS Agriculture Index and the DWS Water Sustainability Fund. Previously, he worked for 2 years as a financial services consultant for KMPG Consulting/Bearing Point in the Asset Wealth Management Practice Group. Before that he worked at CompuNet/German Stock Exchange and as a graduand at KfW Bankengruppe. He holds a Bachelor's degree in Computer Science and Media from the University of Applied Sciences in Fulda, a Bachelor's of Arts degree in Musicology from the Johann Wolfgang Goethe University in Frankfurt and is a Chartered Alternative Investment Analyst (CAIA) Charterholder.

Details

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Management company
Fund capital
Outstanding shares
ISINLU0374107216
BloombergROBAGEI LX
Valoren4366569
WKNA0RB5S
Availability
1st quotation date1219968000000
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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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.

Disclaimer

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).

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