Robeco BP Global Premium Equities IB GBP
- Award winning unconstrained Global equity strategy
- Managed by a highly experienced team of bottom-up value investment professionals
- Focus on 'characteristics that work': Valuation, Fundamentals and Momentum
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Reference index | |
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| {{'fund.detail.performance.period.sinceInception' | labelize:[ fundDate(fund.fundPerformances.sinceStart.startDate,'MM-YYYY') ]}} |
Annualized (for periods longer than one year)
Initial charges or eventual custody charges which intermediaries might apply are not included.
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 | |
|---|---|---|
Annualized (for periods longer than one year)
Initial charges or eventual custody charges which intermediaries might apply are not included.
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
{{'fund.detail.general.perDate' | labelize:[ fundDate( (fund.fundStatistics.date?fund.fundStatistics.date:fund.fundCharacteristics.date) ,'llll') ]}}| 3 years | 5 years | ||
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Dividend paying history
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Date | Amount |
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}Equity markets began the year at a torrid pace, with the MSCI World Index returning 11% through February. Momentum slowed during March as sentiment turned cautious. Global growth concerns once again resurfaced. European Central Bank officials cut expansion estimates and the Organization for Economic Cooperation and Development downgraded the growth outlook for a group of 20 nations. In the US, a jobs report showing the weakest hiring since more than a year added to concerns. A dovish turn by the Fed did not spur risk appetite, leading to a surge in defensive sectors.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Fund Classification
| Yes | No | N/A | ||
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| Voting | ||||
| Engagement | ||||
| ESG integration | ||||
| Exclusion |
| Yes | No | N/A | ||
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| Sustainability Themed Fund |
Currency policy
The fund does not apply an active currency policy, currency exposure is driven by security selection.
Dividend policy
In principle the fund distributes dividend four times a year. The fund's policy aims at realizing as the maximum possible capital growth within the pre-set risk limits. A high dividend return is therefore not a separate objective
ESG Integration policy
For Robeco BP Global Premium Equities, ESG factors are qualitatively considered on an individual basis in the fundamental analysis but are not structurally integrated in the investment process.
Investment policy
Robeco BP Global Premium Equities invests across the globe in stocks that meet our Three Circles criteria. We seek out attractive valuation, quality businesses, and positive business momentum. The portfolio will always exhibit these characteristics as the portfolio manager can invest in the largest possible universe. Robeco BP Global Premium Equities's management is taken care of by Robeco Boston Partners. This wholly-owned U.S. Robeco subsidiary specializes in value-biased equity investing and boasts an excellent reputation. Boston Partners' investment policy is well known for its unique combination of value-oriented investing, thorough internal research and careful risk management. Wealth preservation comes first. Fund manager Christopher Hart and his team select stocks with a large market capitalization that show good value. The company's fundamentals must be sound. In the stock selection process, carefully developed models are used. Meetings with the companies' management and assessment of corporate data are other essential elements of the selection process.
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
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The first three months of 2019 were a microcosm of the market environment of 2018: growth & momentum led the market higher for the most part followed by decidedly defensive sentiment in the closing period. Neither environment favors our bottom-up, fundamentally focused stock selection process. We do not know when the whipsawing between the extremes of risk-on and risk-off will end. Based on historical comparisons, there is little-to-no slack left in valuation levels of defensive and bond-proxy stocks. The concept that dividend yield is a quasi pari passu substitute for investment grade fixed income becomes riskier with each risk-off surge. This should set up greater performance potential for our portfolio once the excess unwinds. As always, the portfolio remains well positioned, with holdings that reflect Boston Partners’ 3 Circle characteristics – attractive valuations, solid fundamentals, and identifiable catalysts.
Christopher Hart, CFA, Joshua White, CFA, Joshua Jones
Mr. Hart is a senior portfolio manager for Boston Partners Global Equity and International Equity products. Prior to this, he was the portfolio manager for the Boston Partners International Small Cap Value product and before that, an assistant portfolio manager for the Boston Partners Small Cap Value products for three years. Previously, he was a research analyst and specialized in conglomerates, engineering and construction, building, machinery, aerospace & defense, and REITs sectors of the equity market. He joined the firm from Fidelity Investments where he was a research analyst. Mr. Hart holds a B.S. degree in finance, with a concentration in corporate finance from Clemson University. He holds the Chartered Financial Analyst® designation. He has more than 25 years of investment experience. Mr. Jones is a portfolio manager on Boston Partners Global and International products. Prior to this role, he was a research analyst specializing in the energy, metals and mining sectors of the equity market and was a global generalist. He joined the firm from Cambridge Associates where he was a consulting associate specializing in hedge fund clients. Mr. Jones holds a B.A. degree in economics from Bowdoin College. He holds the Chartered Financial Analyst® designation. He has eleven years of investment experience. Mr. White is a portfolio manager on Boston Partners Global and International strategies. Prior to this role, he was a global generalist providing fundamental research on global equities. Prior to this, Mr. White, managed a portion of the Boston Partners Long/Short Research strategy while covering multiple economic sectors including basic industries, consumer durables, and capital goods. Mr. White holds a B.A. degree in mathematics from Middlebury College. He holds the Chartered Financial Analyst® designation and has twelve years of industry experience.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU1533823289 |
| Bloomberg | RBPGIBG LX |
| Valoren | 34947293 |
| WKN | |
| Availability | |
| 1st quotation date | 1481760000000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
| Reference index |
Cost of this fund
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| Service fee | ||
Transaction costs |
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| The expected transaction costs are |
Performance fee |
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| This fund may also deduct a performance fee of |
Extra fees
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Fiscal product treatment
The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.01% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.
Fiscal treatment of investor
Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. We advise individual investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.
