Sustainable Pension Return II X EUR
Customized multi asset solutions for strategic portfolios
Share classes
Share classes
Every share class of a product invests in the same portfolio of securities and has the same investment objectives and policies. However, their parameters might deviate. For instance and amongst others, their distribution type, currency exposure or fees and expenses might differ. The most common share classes at Robeco are:
a) D/DH shares, which are regular shares and available for all Investors;
b) I/IH shares, for institutional investors as defined from time to time by the Luxembourg supervisory authority.
For more information on share classes please go to the prospectus.
X-EUR
Class and codes
Asset class:
Asset Allocation
ISIN:
NL0013689276
Bloomberg:
POSPR2X NA
Reference index
Sustainability-related information
Sustainability-related information
Under the EU Sustainable Finance Disclosure Regulation, products can be labelled as either Article 6, 8 or 9 fund.
Article 6 - The fund is not in scope of enhanced sustainability disclosures compared to Article 8 and 9.
Article 8 - The fund does not have a sustainable investment objective but promotes environmental or social characteristics and is subject to enhanced sustainability disclosures.
Article 9 - The fund has a sustainable investment objective and is subject to enhanced sustainability disclosures.
Regardless of Article 8 or 9, the companies in which investments are made must follow good governance practices, and sustainable investments must not do any significant harm.
Article 8
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Focus on capital accumulation over the longer term
- Well diversified portfolio, mainly in negotiable securities
- Customized pension solution
About this fund
Sustainable Pension Return II is a fund-of-funds that has a mix of asset classes and underlying funds.The fund's objective is to achieve long term capital growth.The fund invests in an optimally diversified mix by spreading the investments across different categories, including in addition to shares, real estate and the category of corporate bonds.
Key facts
Total size of fund
€ 77,754,909
Size of share class
€ 77,754,909
Inception date share class
15-11-2019
1-year performance
20.49%
Dividend paying
Yes
Fund manager
Ernesto Sanichar
Ernesto Sanichar is Portfolio Manager and member of the Sustainable Multi Asset team. He responsible for the Robeco Multi Asset funds, Robeco ONE and Defined contribution funds. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
3.20%
3 months
7.69%
YTD
7.69%
1 year
20.49%
2 years
5.08%
3 years
7.80%
Since inception 12/2019
7.76%
2023
15.21%
2022
-12.96%
2021
28.01%
2020
-0.97%
2021-2023
8.68%
Dividend paying history
19-06-2023
€ 8.00
20-06-2022
€ 2.60
18-06-2021
€ 0.20
Costs
Ongoing charges
Indication of annual charges that are deducted for this fund. This indication is based on the costs over the last calendar year and may vary from year to year. Transaction costs incurred by the fund, any performance fees and other one-off costs are not included in the ongoing charges.
0.15%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.10%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.00%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.11%
Fiscal product treatment
The fund is established in the Netherlands. The fund is closed for corporate-income tax purposes (fiscally transparent). This means that all results are attributed directly to the participants. As a consequence, the fund is not liable to corporate-income tax and withholds no dividend tax.
Fiscal treatment of investor
Professional investors are divided into pension funds and non-pension funds. Dutch pension funds may re-claim the 25% dividend tax deducted on cash dividends entirely. Dutch non-pension funds may deduct the 25% dividend tax deducted on cash dividends in their corporate income tax assessment. Dividend tax in that case is tax deducted at source. No tax is deducted at source on interest income. Thus, Dutch pension funds do not owe taxes on interest income. Dutch non-pension funds should specify interest income in their corporate income tax assessment.
Fund allocation
Asset
Top 10
- Asset
- Top 10
Policies
All currency risks are open.
In principle, this share class of the fund does distribute dividend.
Sustainable Pension Return II is a fund-of-funds that has a mix of asset classes and underlying funds.The fund's objective is to achieve long term capital growth.The fund invests in an optimally diversified mix by spreading the investments across different categories, including in addition to shares, real estate and the category of corporate bonds. The fund promotes E&S (i.e. Environmental and Social) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation, integrates sustainability risks in the investment process and applies Robeco’s Good Governance policy.
Active. Risk-management systems constantly monitor the deviation of the portfolio from the benchmark, thus avoiding extreme positions.
Sustainability-related disclosures
Sustainability profile
Sustainability
The fund invests a minimum of 80% in other Robeco managed or externally managed funds which are classified under Article 8 or 9 of SFDR and either promote environmental or social characteristics or have sustainable investment as their objective. Sustainability is thus an important considerations in the fund selection.
Market development
After a strong ‘whole of market' rally in the final part of 2023, it was a more mixed bag for different asset classes. Better-than-expected economic data further pushed out expectations for interest rate cuts, creating a divergence of fortunes between equity and bond investors. Markets started the year expecting seven interest rate cuts, but by the end of the quarter that dropped quite dramatically to only three cuts. This was against the backdrop of strong economic growth and slowing disinflation. Relatively strong earnings helped to support stock markets and US equity benchmarks touched new all-time highs. Despite better-than-expected economic data (PMI), European equities trailed other markets. Nonetheless, we are starting to see some encouraging signs with falling inventories in European industrials. Emerging market equities were in line with developed equities. The pain of falling rate cut expectations was felt most acutely felt in the more rate sensitive parts of the bond market, such as government bonds. Investment grade returns were positive after a tough start to the year. Elsewhere, oil prices rallied in the wake of broader tensions in the Middle East and supply concerns.
Performance explanation
Based on transaction prices, the fund's return was 3.20%. Sustainable Pension Return delivered a positive return of around 3.5%. All funds in the portfolio ended the quarter in the green. The main performance drivers were the allocations to developed market equities and real estate. Robeco QI Global Developed Enhanced Index Equities was the best performing fund in the portfolio.
Expectation of fund manager
Ernesto Sanichar
The funds are managed against fixed strategic weights for global equities (55%), real estate (20%), emerging market equities (15%) and high yield bonds (10%). We do not apply any kind of active management.