Robeco BP US Premium Equities IEH EUR
- All cap value fund.
- Selects the best investment candidate available irrespective of its market cap
- Bottom-up fundamental research investment discipline.
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | 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.
Performance explanation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}Based on transaction prices, the fund's return was 4.82%. Robeco BP US Premium Equities performed in line with the Russell 3000 Value Index in October, as markets marched higher during a broadly positive earnings season. From a stock selection perspective, the fund added value primarily in three sectors – communication services, energy and technology. Within communications, avoiding cell phone service providers Verizon, AT&T and T-Mobile added, while on the cable and entertainment side, the fund did well to avoid Comcast and Disney. Chinese video game holding NetEase was higher by almost 17%, adding to returns. Within energy, most holdings gained over 10%, led by Marathon Oil, EOG Resources and Diamondback Energy. Finally, in technology, the fund added through owning Oracle and SS&C Technologies nearly to the same effect as avoiding Intel, with the chip maker declining by more than 8% in October. Sector allocation was positive over the month, mostly due to the fund's underweight exposure to communication services and consumer staples.
Statistics
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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') ]}}US equities were back in positive territory in October, as the growth and core indices outperformed their value counterparts. The S&P 500 returned an impressive 7% for the month, only bettered by the Russell 1000 Growth Index, which climbed 8.7%. Mid caps were the best-performing value indices, up 5.3%, as measured by the Russell Mid Cap Value Index, while large-cap value gained 5.1%, with small caps rising 3.8%, as measured by their respective Russell value index.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Currency policy
Investments are predominantly made in securities denominated in US dollars. The fund is denominated in euros. Derivatives are used to hedge currency to the euro.
Dividend policy
In principle, this share class of the fund will distribute dividend.
Investment policy
Robeco BP US Premium Equities (EUR) selects stocks based on their investment merit. Its bottom-up stock selection process is guided by a disciplined value approach, intensive internal research and risk aversion. The fund's broad definition of value looks beyond traditional value characteristics such as low Price/Earnings and Price/Book, and includes analysis of long-term business fundamentals and short term business momentum. The fund's investment objective is to participate in rising markets and preserve capital in falling markets through diligent risk management.
Risk policy
Risk management is fully integrated in the investment process to ensure that positions always meet predefined guidelines.
Sustainability profile
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}The fund does not promote any environmental or social characteristics and is classified under Article 6 of SFDR.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}US equity markets made a strong comeback in October, after a negative previous month. The market continued to narrow as the cap-weighted S&P 500 outperformed the equal-weighted by 1.7% in the month, while the yield curve (10-year - 2-year) flattened. There are several items coming up in November, with the COP26 summit, the FOMC meeting and the release of other market indicators that will all drive headlines. The earnings season will wrap up and the market will start to look forward to the holiday season, with a focus on consumer spending and supply chain impacts. We will continue to focus at a company-by-company level and as always, the fund remains well positioned with holdings that reflect Boston Partners' three circle characteristics – attractive valuations, solid business fundamentals and identifiable catalysts.
Duilio R. Ramallo, CFA
Mr. Ramallo is the senior portfolio manager for Boston Partners Premium Equity product. Previously, Mr. Ramallo was the assistant portfolio manager for the Small Cap Value products. Prior to his portfolio management role, Mr. Ramallo was a research analyst for Boston Partners. He joined the firm from Deloitte & Touche L.L.P., where he spent three years, most recently in their Los Angeles office. Mr. Ramallo holds a B.A. degree in economics/business from the University of California at Los Angeles and an M.B.A. from the Anderson Graduate School of Management at UCLA. He holds the Chartered Financial Analyst® designation. He is also a Certified Public Accountant (inactive). He has twenty years of investment experience.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU1208677333 |
| Bloomberg | RUSIEHE LX |
| Valoren | 27621970 |
| WKN | A2DTH4 |
| Availability | |
| 1st quotation date | 1427328000000 |
| Close financial year | 31-12 |
| Legal status | |
| Tracking error limit (%) | |
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Cost of this fund
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Transaction costs |
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Performance fee |
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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.
