As in private life, there comes a time with mutual funds when they have to find a new home as they are no longer appropriate for one's particular needs.
This, now, applies to those RobecoSAM mutual funds that are not already part of the Robeco Capital Growth Funds SICAV1 . We are informing you about all aspects of this change, which took place on 30 October 2020.
1What is a SICAV?
Mutual funds require a legal form or a regulatory framework in order to facilitate collective investing with other investors. A SICAV sales prospectus sets out the regulations that the asset manager has to comply with when managing the investors' funds. SICAV stands for 'Société d'investissement à capital variable' (investment company with variable capital). This legal form is a particular form used in France and Luxembourg for mutual funds. The mutual funds market in Europe must satisfy strict regulatory constraints.
2What are the ongoing fees?
Ongoing fees include the administration fees for continuous management of the funds plus incidental costs for the administration of the investment vehicle which, at Robeco, is summarized as 'Service Fee'.