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Sustainable Pension Return X EUR

ISIN: NL0013332455
  • Focus on capital accumulation over the longer term
  • Well diversified portfolio, mainly in negotiable securities
  • Customized pension solution
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

Sustainable Pension Return 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.

Price development

No performance data available

Price development

Sustainable Pension Return X 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 transaction prices, the fund's return was 2.04%. The Sustainable Pension Return portfolio delivered a positive return of above 1.5% in August. All funds contributed positively to the overall performance. Both the allocations to global equities and the emerging market allocations delivered returns of above 2%.

Statistics

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Dividend paying history

Date Amount
Download dividend history

Market development

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The global recovery remains on track, but activity in both the services and manufacturing sectors is cooling down from very elevated levels. Many countries are still struggling with the Delta variant. Even though more breakthrough infections of vaccinated people are reported, the link between cases and hospitalization has clearly weakened. Yet, the surge in the Delta variant and the ending of stimulus payment checks has dented consumer confidence in the US. The number of macro data releases that disappoint is on the rise. The Citi macro-economic surprise indices for China, the Eurozone and the US have entered negative territory. Households are less exuberant and are in a wait-and-see mode, as stimulus checks have expired in the US. Also, supply chain constraints continue to hamper the economy. Currently, financial markets remain very much preconditioned to buy the dips, which propelled equity markets to new highs. Risky fixed income has lagged equity markets, as spreads have widened since the end of June. Global HY (hedged to euros) gained 0.7% in August. Long-term yields in the US drifted modestly upward to the 1.3% level. Commodities have moved sideways in recent months.

Fund allocation

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Name Sector Weight
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Currency policy

All currency risks are open.

Dividend policy

In principle, this share class of the fund does distribute dividend.

ESG Integration policy

The Pensioen Opbouw fund invests mainly in funds offered by the Robeco Group and Northern Trust. Robeco aims to include ESG factors in its investment decisions. However, most investments involve the indirect integration of ESG factors. The goal is to integrate the ESG factors right across the portfolio composition. Sustainability can be a decisive factor in the fund-selection process. For the sustainability policy of the Northern Trust funds, please refer to the website of Northern Trust.

Investment policy

Sustainable Pension Return 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 promotes ESG (i.e. Environmental, Social and corporate Governance) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation and integrates ESG and sustainability risks in the investment process. In addition, the fund applies proxy voting and engagement. 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 does not use a benchmark.

Risk policy

Active. Risk-management systems constantly monitor the deviation of the portfolio from the benchmark, thus avoiding extreme positions.

Sustainability profile

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Full ESG Integration

Voting & Engagement

ESG integration policy

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The Pensioen Opbouw fund invests mainly in funds offered by the Robeco Group and Northern Trust. Robeco aims to include ESG factors in its investment decisions. However, most investments involve the indirect integration of ESG factors. The goal is to integrate the ESG factors right across the portfolio composition. Sustainability can be a decisive factor in the fund-selection process. For the sustainability policy of the Northern Trust funds, please refer to the website of Northern Trust.

Expectation of fund manager

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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.

Ernesto Sanichar
Ernesto Sanichar

Ernesto Sanichar

Ernesto Sanichar is Portfolio Manager with a focus on pension fund mandates. 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.

Details

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Management company
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ISINNL0013332455
BloombergPOSPREX NA
Valoren
WKN
Availability
1st quotation date1554854400000
Close financial year31-12
Legal status
Tracking error limit (%)
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Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
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Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
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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.

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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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