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Robeco ONE Neutraal

ISIN: NL0010220828
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Current price ()
Performance YTD ()
Currency EUR
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Dividend payingNo

About this fund

Robeco ONE Neutraal is an actively managed portfolio providing a worldwide exposure to a mix of investment categories, such as equity, bond and cash. It mainly invests in Robeco funds. The mix of investment categories reflects a fairly high risk-return profile. A considerable part of the portfolio will be invested in equity funds and bond funds. The allocation can be adjusted to market circumstances, to meet return expectations within the limits of the risk-return profile.

Price development

No performance data available

Price development

Robeco ONE Neutraal

Performance

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Fund Reference index
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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 1.93%. As virtually all asset classes realized another decent return in July, all Robeco ONE portfolios achieved a solid return as well. Local currency emerging market bonds were the best-performing asset class, while emerging equities were the only major asset class that suffered a negative return. Developed market equities produced a solid return, even though they struggled towards the end of the month. We have further reduced our equity holdings as risk has increased, and we added both cash and government bonds.

Statistics

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Market development

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In July it was all about the major central banks. Both the ECB and the Fed indicated in their previous meetings that they were willing and ready to act. It was therefore not a big surprise that, awaiting the central bank meetings of July, market expectations were high. Although Powell and Draghi did their best to convince the markets of their determination, the general feeling was that both underdelivered.Confidence was also dented by the economic numbers which remained on the weak side in general. While the service side of most economies continues to be resilient, the manufacturing sector continues to weaken.In the beginning of the month, it seemed trade negotiations were at least not deteriorating. Add to this that second quarter earnings were not as bad as expected and an opportunity opened up for equities to move higher, which in fact they did. The Standard & Poor's 500 Index (an equity index that represents performance for the 500 largest US companies) even touched a new all-time high. Failure from the US Federal Reserve to fully live up to market expectations, dented market confidence and downward pressure started to build. This was felt in both rates and equities.

Fund allocation

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Fund Classification

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

Currency policy

The fund has an active currency policy, as part of which the currency risk can be hedged to the euro. This process takes into account the currency policy of the funds and instruments in which the fund invests.

Dividend policy

In principle, the fund distributes its annual fiscal earnings as dividend. The fund's policy aims at realizing as the maximum possible capital growth within the pre-set risk limits. A high dividend return therefore is not a separate objective.

ESG Integration policy

Robeco ONE primarily invests in funds of the Robeco Group. Robeco is dedicated to sustainability investing and we integrate sustainability aspects into our investment processes wherever possible. The equity funds in the portfolio use the Smart ESG score framework that finds companies with better management of risks and opportunities. Besides that, the Robeco exclusions policy applies in areas of controversial products or business practices. The bond funds in the portfolio also apply to the ESG integration standards, as well as to the exclusions policy, were government bonds issued by controversial countries from the investable universe are excluded. Capabilities from other asset managers might be selected if no comparable Robeco product is available. Such funds are currently out of the scope of the sustainability screening.

Investment policy

A well-diversified portfolio consists of a combination of equities, bonds and cash. The proportion between these three asset categories is mainly determined by the investor's target risk profile. The Mix funds mainly invest in Robeco funds, benefiting on a broad front from Robeco's expertise in investing. The fund's mix of investments means it has a very favorable risk/return profile. The aim is to achieve the target return using an active mix policy. The Mix funds mainly invest in Robeco funds, benefiting on a broad front from Robeco's expertise in investing. The fund's mix of investments means it has a very favorable risk/return profile. The aim is to achieve a higher return than the benchmark using an active mix policy.

Risk policy

Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.

Expectation of fund manager

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Confidence is dented by the fact that economic numbers remain on the weak side in general. While the service side of most economies continues to be resilient, the manufacturing sector continues to weaken. The weakening of global trade and this loss of confidence is eating away at the manufacturing sector globally. This will continue as long as the trade dispute is not resolved.

Jeroen Blokland
Jeroen Blokland

Jeroen Blokland

Mr. Jeroen Blokland is Portfolio Manager with Robeco within the Robeco Global Allocation team. Jeroen is portfolio manager of the Robeco Pension Return Portfolio since the launch in March 2012. Prior to joining the Robeco Global Allocation team, he was employed by IRIS, the independent Institute for Research and Investment Services of Robeco and Rabobank, as an Investment strategist since 2005. He started his career at Interpolis in 2002, where he held a position as asset manager and investment strategist. Jeroen holds a Master's degree in Economics from Erasmus University, Rotterdam.

Details

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Management company
Fund capital
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Outstanding shares
ISINNL0010220828
BloombergRBONENE NA
Valoren
WKN
Availability
1st quotation date1349395200000
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

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