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Robeco Multi Asset Income I USD

ISIN: LU1629880854
  • Worldwide investments in multiple asset classes
  • Focus on investments with attractive and stable sources of income
  • Flexibility to seek the best risk-return opportunities
Asset class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco Multi Asset Income is an actively managed global multi asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and uses asset allocation strategies mainly investing directly in bonds and taking exposure to other asset classes such as equities. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk-return profile of the fund. The fund aims to outperform the benchmark over the long run.

Price development

No performance data available

Price development

Robeco Multi Asset Income I USD

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)
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
The value of the investments may fluctuate. Past performance is no guarantee of future results.
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

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Based on transaction prices, the fund's return was 1.88%. June was again a good month for Multi Asset Income. In the second quarter, the fund delivered a sizeable positive performance and by now it has almost recouped all of the losses it suffered in the first quarter. The exposure of the fund continues to be geared towards high yield and emerging market debt. This month we also added exposure to commodities to the portfolio, we think this asset has lagged the improvement we are witnessing in the economy. Within fixed income the allocation to Robeco Credit Income was the best performing asset and within equities Robeco Sustainable Stars was the best performer.

Statistics

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Market development

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In June, the impact of the easing of lockdown measures started to become visible. The gradual recovery of economic activity started to show in the economic numbers. A wide spectrum of data started to handsomely beat consensus expectations. A sharp increase in global car sales and strong retail sales show that consumers are willing to spend. While encouraging, it must be stressed that uncertainty remains. Capacity utilization rates are near cyclical lows. Employment data remain inconclusive. A positive is that on both sides of the Atlantic consumer and producer confidence is improving. A major risk for the recovery remains the pandemic. Financial markets remain torn between an improving economic backdrop and news on the virus outbreak. Both central banks and governments continued to provide support and as such remain an important backstop. Almost all major asset classes delivered positive returns this month. The exception was hard currency emerging market debt. The best-performing asset classes were emerging market equities and commodities. Oil in particular had a good month.

Fund allocation

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Fund Classification

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Sustainability Themed Fund

Dividend policy

This share class of the fund does not distribute dividend.

ESG Integration policy

Robeco Multi Asset Income primarily invests in Robeco funds. Robeco strives to incorporate ESG issues in investment decisions. For the majority of the investments ESG integration occurs indirectly. The ambition is to have ESG integration for the full composition of the portfolio. Sustainability can be a decisive factor in the fund-selection process. Capabilities from other asset managers can be selected. Such funds are currently out of the scope of the sustainability screening.

Investment policy

Robeco Multi Asset Income is an actively managed global multi-asset fund with a focus on generating stable returns. The fund has a relatively low risk profile and mainly invests in equity and bond funds of Robeco and RobecoSAM. The portfolio management team can also use other investment instruments to enhance the risk/return profile of the fund. The fund is managed by an experienced team of specialists in multi-asset investing with a proven track record of more than 20 years. The investment strategy also relies on the sustainability research of RobecoSAM. RobecoSAM is an investment specialist focused exclusively on Sustainability Investing with more than 20 years of experience in sustainability, thematic and impact investing.

Risk policy

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

Expectation of fund manager

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In our view, the economic recovery will continue in the second half of 2020, but will be more uneven. The tread of a second wave of Covid-19 infections in the absence of a vaccine, politicized decision-making on sizeable fiscal stimulus packages, and a desperate incumbent US President Trump fighting to be re-elected. Are in our view, sufficient reasons for a turbulent recovery phase. The multi-asset portfolios are skewed towards assets that are one way or the other supported by central banks and offer a decent yield. As such high-quality corporate bonds and high yield are preferred. In addition, we continue to allocate asset classes that are still attractively valued and have not yet fully priced in the recovery, like commodities. We are more cautious with regard to risky assets that have fully discounted a V-shaped economic recovery. That is why we are tactically underweight equities. Major risks to our current position are a better-than-expected economic recovery and strong continued positive market sentiment towards risk-bearing assets.

Jeroen Blokland, Ernesto Sanichar
Jeroen Blokland, Ernesto Sanichar

Jeroen Blokland, Ernesto Sanichar

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. Ernesto Sanichar is Portfolio Manager with a focus on pension fund mandates. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU1629880854
BloombergRMAINIU LX
Valoren37083070
WKN
Availability
1st quotation date1497484800000
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
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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 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.

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Disclaimer

Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.

The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

In the UK, Robeco Institutional Asset Management B.V. (“ROBECO”) only markets its funds to institutional clients and professional investors. Private investors seeking information about ROBECO should visit our corporate website www.robeco.com or contact their financial adviser. ROBECO will not be liable for any damages or losses suffered by private investors accessing these areas.

In the UK, ROBECO Funds has marketing approval for the funds listed on this website, all of which are UCITS funds. ROBECO is authorized by the AFM and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.

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