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RobecoSAM Sustainable Healthy Living Equities F CHF

Index: MSCI World Index TRN
ISIN: LU2400458696
  • Healthy living companies are helping to shape a new consumer
  • Interesting investment return history in a comparatively defensive fund
Asset class
Current price ()
Performance YTD ()
Currency CHF
Total size of fund ()
Dividend payingNo

About this fund

RobecoSAM Sustainable Healthy Living Equities is an actively managed fund that invests globally in companies that promote good health and well-being and contribute to an efficient healthcare system. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. 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 an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index.

Price development

No performance data available

Price development

RobecoSAM Sustainable Healthy Living Equities F CHF

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).
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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 6.68%. The RobecoSAM Sustainable Healthy Living Equities strategy performed positively in October, in line with its investible universe but lagging the broad global market. This was to be expected due to the absence of the outperforming energy sector from the thematic universe. All clusters participated in the upward movement, with Healthy Nutrition, Activity and Lifestyle Disease Solutions performing best, followed by Hygiene & Personal Care. On an individual stock level, the biggest positive contribution came from Bakkafrost. Its share price bounced back after the Faroe Islands published their planned taxes for the salmon farming industry, which are substantially more benign than the recent proposals in Norway. The biggest negative contribution came from Philips. In addition to the ongoing issue of the recall of its sleep apnea devices, the company reported disappointing third-quarter results and issued a profit warning due to supply chain issues and a deteriorating macro environment affecting the personal health division.

Statistics

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Market development

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After the correction in September, global equity markets calmed down somewhat in October. Results of companies that had already reported in October showed that the economic environment for most companies remains difficult. There is uncertainty on how the energy supply in Europe will hold up this winter and into the next year. The war in Ukraine remains unpredictable, as does the pandemic. Both have created supply-side shortages and hiccups. Energy prices have risen to record levels, resulting in inflation rates increasing worldwide to heights not seen for many decades. The result of rising costs and price increases on margins was a recurring theme across third-quarter reporting in October, with many companies mentioning at least temporary margin pressure until the price increases gain traction. Continuing a pattern seen in the first three quarters of the year, the energy sector strongly outperformed the broad global market. Healthcare slightly outperformed, while consumer staples and consumer discretionary underperformed.

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 the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.

ESG Integration policy

The fund’s sustainable investment objective is to promote good health and well-being and contributing to an efficient healthcare system. Healthy living and sustainability considerations are incorporated in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policy.

Investment policy

RobecoSAM Sustainable Healthy Living Equities is an actively managed fund that invests globally in companies that promote good health and well-being and contribute to an efficient healthcare system. The selection of these stocks is based on fundamental analysis. 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 mitigate the rising incidence of lifestyle diseases and increasing healthcare costs, by investing in companies that provide technologies, products or services, medical treatments linked to the prevention of disease and reducing the spread of infectious diseases. This is done by investing in companies that mainly advance the following UN Sustainable Development Goals (UN SDGs): Good health and well-being, Zero Hunger, and Clean water and sanitation. The fund integrates ESG (Environmental, Social and Governance) factors in the investment process and applies Robeco’s Good Governance policy. The fund applies sustainability indicators, including but not limited to, normative, activity-based and region-based exclusions, and proxy voting. The fund also aims 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 an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. Benchmark: MSCI World Index TRN. The majority of stocks selected will be components of the benchmark, but stocks outside the benchmark may be selected too. While the investment policy is not constrained by a benchmark, the fund may use one 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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SDG Contribution

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The SDG score shows to what extent the portfolio and the benchmark contribute to the 17 UN Sustainable Developments Goals (SDGs). Scores are assigned to each underlying company using the Robeco SDG Framework, which utilizes a three-step approach to calculate a company’s contribution to the relevant SDGs. The starting point is an assessment of the products offered by a company, followed by the way in which these products are produced, and finally whether the company is exposed to any controversies. The outcome is expressed in a final score which shows the extent to which a company impacts the SDGs on a scale from highly negative (dark red) to highly positive (dark blue). The bar shows the aggregate percentage exposure of the portfolio and the benchmark (shaded) to the different SDG scores. This is then also split out per SDG. As a company can have an impact on several SDGs (or none), the values shown in the report do not sum to 100%. More information on Robeco’s SDG Framework can be found at: https://www.robeco.com/docm/docu-robeco-explanation-sdg-framework.pdf

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CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact1_noPoverty.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact2_zeroHunger.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact3_goodHealthAndWellBeing.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact4_qualityEducation.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact5_genderEquality.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact6_cleanWaterAndSanitation.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact7_affordableAndCleanEnergy.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact8_decentWorkAndEconomicGrowth.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact9_industryInnovationAndInfrastructure.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact10_reducedInequalities.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact11_sustainableCitiesAndCommunities.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact12_responsibleConsumptionAndProduction.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact13_climateAction.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact14_lifeBelowWater.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact15_lifeOnLand.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact16_peaceJusticeAndStrongInstitutions.png CGF HEAL_20221031-CGF HEAL_20221031-sdgIndividualImpact17_partnershipForTheGoals.png

Sustainability

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The fund’s sustainable investment objective is to promote good health and well-being and contributing to an efficient healthcare system. Healthy living and sustainability considerations are incorporated in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policy.

Expectation of fund manager

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The risks to economic growth have increased recently due to inflation, rate increases by central banks, concerns over the security of the energy supply in Europe and the pandemic policies in China. There is a risk that aggressive rate increases by central banks to fight inflation may dent economic growth going forward. It will therefore be even more important to focus on solid business fundamentals, pricing power and quality. We remain constructive on the mid to long-term potential of the equity markets and are making use of the current market conditions to further solidify our positions in companies that have very strong long-term business prospects. The pandemic has accelerated changes leading to building more robust and sustainable economies. This, in turn, has made individuals more inclined to adopt a healthier lifestyle. The Healthy Living portfolio of sustainable companies is well positioned to benefit from these changes in the longer run.

David Kägi PhD
David Kägi PhD

David Kägi PhD

David Kägi is Portfolio Manager of the RobecoSAM Sustainable Healthy Living Equities strategy. Before joining Robeco in 2019, he worked as a Buy-Side analyst covering the global healthcare sector for Bank J. Safra Sarasin in Zurich, first for Private Banking, then for Asset Management. There, he also managed the Demography Health basket certificate for Bank J. Safra Sarasin. After some years in biomedical research following his PhD, he started his career in the financial industry in 1999 as a Healthcare Analyst at the investment company BT&T, followed by a position as an Investment Analyst for private biotechnology companies with Schweizerhall Management AG in Zurich. David holds a Master in Biochemistry and a PhD in T-cell Immunology both from the ETH Zurich.

Details

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ISINLU2400458696
BloombergROHLEFC LX
Valoren114566103
WKN
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1st quotation date1635206400000
Close financial year31-12
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This fund deducts ongoing charges 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 0.05% 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

The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise 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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