globalen
Image

Rolinco

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: NL0000289817
  • Invests in the structural trends worldwide (e.g. "the digital world" and the Industrial Renaissance)
  • Top-down theme selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through global diversification
Assets class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

Rolinco 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 growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different growth trends. The fund then invest directly into stocks of companies that have as pure as possible exposure to one of these trends.

Price development

No performance data available

Price development

Rolinco

Performance

{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}
Fund Reference index
1m
3m
YTD
1 year
2 years
3 years
5 years
10 years
{{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}}
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

{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}
3 years 5 years
Standard deviation
Max. monthly gain (%)
Tracking error ex-post (%)
Alpha
Beta
Sharpe ratio
Information ratio
Max. monthly loss (%)
Above mentioned ratios are based on gross of fees returns
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
Above mentioned ratios are based on gross of fees returns
Fund Reference index
Option Adjusted Modified Duration (years)
Maturity (years)
Rating
Yield to Worst (%)

Dividend paying history

Date Amount
Download dividend history

Market development

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

October saw a sharp sell-off in global equities with a broad-based weakness. Although all sectors traded down, there was a clear switch from cyclicals like industrials and tech to more defensive sectors. Many explanations for this sell-off have been swirling around, like a possible peak in the global economy and earnings, a possible overtightening by the Fed, consequences from the ongoing trade disputes coming through in the real world and a European crisis looming over Italy. None of these on their own may have been a good excuse to aggressively sell stocks, but collectively encouraged managers to take risk off the table. Interim results were not really able to reverse this. On the contrary, we noticed many negative reactions to generally okay-ish numbers. We did not see any major panic selling or investor capitulation, not even in the over-owned technology sector. It was more about rotation away from growth/momentum towards value. The MSCI AC World Index on balance fell 5.2% for the month, marking the worst month for global shares since May 2012. Year-to-date, the index is still up 1.8%. Brazil reported a 10% gain after the country chose a new right-wing populist President.

Fund allocation

{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}
Name Sector Weight
{{fund.fundInvestmentExplanations.top10}}

Fund Classification

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

Currency policy

The fund can engage in currency hedging transactions.

Dividend policy

The fund distributes a dividend on an annual basis.

ESG Integration policy

With respect to sustainable investing, Rolinco has integrated ESG factors into its investment process along two lines. Top-down, for instance, in the trend Industrial Renaissance we only invest in renewable energy as we believe this type of generation will gradually push-back fossil fuels. Bottom-up, we check whether ESG-factors pose a risk to the expected returns for individual holdings. This is done within the fundamental analysis with the use of data from RobecoSAM and Sustainalytics and with a particular focus on governance issues.

Investment policy

Rolinco's investment style focuses on growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different and independent top-down growth trends. The fund then invests directly into stocks of companies that have as pure as possible exposure to one of these trends. The selection of the trends is the first and most important step in the investment process, as they define the investment universe from which stocks are selected. Current trends that Rolinco has selected are Digitalization', 'The emerging middle-class', 'The Industrial Renaissance' and 'Getting old and staying healthy'. Rolinco can anticipate currency developments through active currency management. Risk management is fully integrated in the investment process to ensure that positions meet predefined guidelines. The fund can hold a limited cash position.

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(fund.fundFacts.date,'llll') ]}}

The world economy had entered 2018 in a cyclical upswing, but this growth is looking a little less robust and definitely a lot less coordinated now. We believe we are in the last stage of the bull market with peaking profit margins and rising bond yields. The operating environment for companies is therefore becoming more difficult. Given the persistently low inflation, we prefer selected proven and sustainable earnings growth to value. We try to find these growth companies by looking at long-term trends from a top-down perspective. We are in a new era in which, thanks to digitization and new technologies, labor productivity will increase sustainably. Stocks that provide the tools and technology for this will grow revenues and cash flows much faster than anyone expects. A combination of cheap cyclical growth stocks and underestimated structural growth stocks should lead to substantial investment performance in the long run.

Henk Grootveld & Marco van Lent
Henk Grootveld & Marco van Lent

Henk Grootveld & Marco van Lent

Henk Grootveld, Executive Vice President, is head of the Trends Investing Equity team. He is manager of Robeco Global Growth Trends since November 2013 and manager of Rolinco since 2009. Henk Grootveld joined Robeco in 2001 and has been head of the Financials team, head of the European team, head of the Consumer Staples team and a member of the North American Equities team. Prior to joining Robeco, Mr. Grootveld was employed by Aegon Asset Management as a portfolio manager European Equities and at ING Barings as an equity strategist. Henk holds a Master's degree in Operation Research/ Econometrics From Erasmus University in Rotterdam. Marco van Lent is a member of the Robeco Trends Investing Equity team since December 2010 and since November 2013 portfolio manager of Robeco Global Growth Trends/ Rolinco. Before that he was portfolio manager of Robeco Infrastructure Equities. He joined Robeco in October 2007 to co-manage two European equity funds. He started his investment career in 1985 as a sell-side analyst/strategist. In 1996, he became a portfolio manager at Van Spaendonck Asset Management. This was followed by a position as senior portfolio manager European equities at Philips Investment Management in 1999. Using the high-conviction investment strategy which he had co-developed at Philips Investment Management, he moved on to Van Lanschot Asset Management to manage the Van Lanschot European Equity Fund. After the acquisition of Kempen Capital Management by Van Lanschot, he worked at Kempen Capital Management for 6 months to manage European equity mandates. Marco holds a Master' s degree in Business Economics and Finance from Tilburg University.

Details

{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}
Management company
Fund capital
Outstanding shares
ISINNL0000289817
BloombergROLA NA
Valoren1237663
WKN970254
Availability
1st quotation date-129945600000
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
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 the Netherlands. The fund is managed as a 'naamloze vennootschap' (public limited company). The fund has the status of 'fiscal investment institution' in the sense of article 28 of the Dutch Corporate-Income Tax Act 1969, and, as such, is taxed at a corporate-income tax rate of 0%.The fund is obliged to pay out the realized current income in the form of dividend within 8 months after the end of the financial year. From 1 January 2007 the fund withholds Dutch dividend tax at a rate of 15% from these dividend payments. The fund can in principle use the Dutch treaty network to partially recover any withholding tax on its income.

Fiscal treatment of investor

For private investors residing in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Participating units held by private investors who are taxpayers in the Netherlands belong in Box 3. If and insofar as an investor's net assets exceed the net wealth exemption limit, said investor is liable from 1 January to pay 1.2% annually on the balance of his or her net assets. Investors residing in the Netherlands may offset the Dutch dividend tax withheld (15% as at 1 January 2007) against their income-tax payment. Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Dutch tax-exempt bodies may seek a full refund on the 15% dividend tax withheld on dividends (25% prior to 1 January 2007). Interest income is exempt from tax withheld at source. 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 in their tax return. In principle, Dutch bodies that are subject to corporate-income tax may offset the 15% dividend tax withheld on dividends (25% prior to 1 January 2007) against the corporate-income tax and seek a refund of the excess amount. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. Shareholders who do not pay tax in the Netherlands and who are resident in countries that have a tax treaty with the Netherlands to prevent double taxation, may seek a refund for part of the Dutch dividend tax from the Dutch tax authorities, depending on the treaty. As of 1 January 2007, a pension fund having its registered office in another EU member state is also entitled to a dividend-tax refund in the Netherlands. The above is based on the current fiscal legislation and regulation.

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).

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.

Decline