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Robeco QI Global Factor Solution Fund

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: NL0010762076
  • Selects stocks with attractive valuation, positive momentum and low risk characteristics
  • Removes unrewarded risks, avoids going against proven factor premiums and limits unnecessary turnover
  • Part of Robeco's offering on factor premium strategies
Asset class
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Currency EUR
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Dividend payingNo

About this fund

Robeco QI Global Factor Solution Fund invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on a quantitative model. The fund follows a bottom-up driven investment strategy to gain efficient, well-diversified exposure to the proven factors value, momentum and low-volatility. The fund uses enhanced definitions to avoid unrewarded risk and unwanted and unintended factor tilts.

Price development

No performance data available

Price development

Robeco QI Global Factor Solution Fund

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).
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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

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Fund allocation

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Fund Classification

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Sustainability Themed Fund

Currency policy

Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.

Dividend policy

The fund does not distribute dividend. The fund retains any income that is earned, and so its entire performance is reflected in its share price.

ESG Integration policy

Environmental, Social and Governance (ESG) factors are systematically integrated in the highly disciplined investment process, by using the ESG scores from the RobecoSAM Corporate Sustainability Assessment. The ESG integration aims for a total ESG score of the portfolio higher than the index. Moreover, the scores on the Environmental, Social and Governance dimensions should also be higher than the index, to ensure that the ESG enhancement is reached across all three dimensions. This ensures that stocks with higher ESG scores are more likely to be included in the portfolio while stocks of companies that have very poor ESG scores are more likely to be divested from the portfolio. With these portfolio construction rules we aim for an ESG profile of the fund that is above average compared to its peers. In addition, stocks with corporate governance issues or stocks that have major litigation or regulatory risk may be excluded from the investable universe. Next to ESG integration, Robeco has an exclusion policy and conducts proxy voting and engagement activities based on International Corporate Governance Network objectives.

Investment policy

The Robeco QI Global Factor Solution Fund gives clients diversified exposure to proven factor premiums like value, momentum and low-volatility by investing in factor fund strategies. The underlying factor fund strategies are Robeco QI Global Value Equities which invests in stocks with a low price to fundamentals, Robeco QI Global Momentum Equities which invests in stocks with positive momentum and Robeco QI Global Conservative Equities which invests in stocks with low expected volatility and good upside potential. Over the longer term, we expect this diversification over proven factor premiums to deliver above-average returns at a risk profile that is in line with the market. The Factor Solution Fund is not limited to a certain geographical area. The fund is invested in stocks with attractive valuation, positive momentum and low risk characteristics in both developed and emerging markets. This means a possibility for profiting of the rapid growth in emerging markets, combined with global diversification. The investment philosophy of the Robeco Factor Solution Fund is based on our findings that factor premiums like value, momentum and low-volatility have been large and robust over time and over different markets. Even using more conservative expected returns for the future, we find that the optimal allocation to these premiums should be sizable. Furthermore, the allocation to factor premiums should be diversified in order to harvest these premiums consistently without chasing recently winning styles. The fund holds an equally weighted strategic weight in the underlying funds and rebalances each quarter if the conditions are met. This fund is intended for individuals who seek an equally weighted strategic exposure to these factors  and are aware of the specific risk return profile of such investment. The return profile of this fund may substantially deviate from global equity markets. The investor must be able to accept significant volatility. We recommend you to contact your financial adviser about the place the fund can have in your portfolio.

Risk policy

Risk management is fully integrated in the investment process to ensure that positions always meet predefined guidelines.

JoopHuij, Guido Baltussen, Simon Lansdorp, Daniel Haesen
JoopHuij, Guido Baltussen, Simon Lansdorp, Daniel Haesen

JoopHuij, Guido Baltussen, Simon Lansdorp, Daniel Haesen

Joop Huij, Head of Robeco Indices and Disruptive Innovation, is responsible for Robeco’s Factor Investing, ESG, and Thematic Indices. Joop also holds a part-time position as Associate Professor of Finance (with tenure) at Rotterdam School of Management. He has published in various academic journals including the Journal of Banking and Finance, Journal of Empirical Finance, Journal of Financial Markets, and Financial Analyst Journal. Joop started his career at Robeco as a researcher in 2007. He holds a PhD in Empirical Finance from Rotterdam School of Management (2007, winner of the ERIM Dissertation Award) and a MSc in Informatics & Economics from Erasmus University Rotterdam (2002, with appellation Cum Laude). Guido Baltussen is Executive Director and responsible for Robeco’s Factor Investing and quantitative Liquid Alternatives / Multi Asset strategies. He also holds a position as Professor of Behavioral Finance and Financial Markets at Erasmus University Rotterdam. Before joining Robeco in 2017, Guido was Head of Quantitative Research Fixed Income and Multi Asset at NN Investment Partners. He started his career in the investment industry in 2004. He has published in top-ranked academic journals such as the Journal of Financial Economics, the American Economic Review, Management Science and the Journal of Financial and Quantitative Analyses. He has worked together in research projects with the 2017 Nobel Prize laureate Richard Thaler. Guido holds a PhD and a Master's (cum laude) in Financial and Business Economics from Erasmus University Rotterdam. Mr. Lansdorp is Portfolio Manager with the Factor Investing Equities team and is responsible for the Value-, Momentum-, Quality- and Multi-Factor portfolios, Bespoke Factor Investing portfolios as well as on customizing factor investing solutions. His areas of expertise include factor allocation, stock selection and portfolio construction. Mr. Lansdorp joined Robeco as a Researcher in 2009. Within the Factor Investing Research team, he did factor-related research; developed the Value, Momentum and Quality factor strategies and (multi-)factor indexes; and built tailored factor solutions. He holds an MSc in Economics from the Erasmus University Rotterdam and a PhD in Finance from the Tinbergen Institute. He has published in the Journal of Financial Markets. Daniel Haesen is Portfolio Manager within the Factor Investing Equities team and is responsible for Value-, Momentum, Quality- and Multi-Factor portfolios. He specializes in factor research. Daniel started his career in the industry at Robeco in 2003 as a Researcher with a focus on quant selection research, working on both equity and corporate bond multi-factor selection models. He was also responsible for quantitative sustainability and quantitative allocation research. He holds a Master's in Econometrics and Quantitative Finance from Tilburg University in the Netherlands and is a CFA® charterholder.

Details

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Management company
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ISINNL0010762076
BloombergROBFSDE NA
Valoren
WKN
Availability
1st quotation date1398729600000
Close financial year31-12
Legal status
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Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
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Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

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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.