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RobecoSAM Global Gender Equality Equities I EUR

Index: MSCI World Index TRN
ISIN: LU2145459777
  • Investing in gender equality creates positive impact—Delivers positive long-term shareholder returns by selecting companies with a strong competitive advantage from recognizing and acting on the strategic importance of improving gender equality.
  • Contribution to the UN Sustainable Development Goals —Supports the achievement of the Sustainable Development Goals by investing in companies that exhibit strength in the retention of female talent, equal remuneration and employee well-being.
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingNo

About this fund

RobecoSAM Global Gender Equality Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.

Price development

No performance data available

Price development

RobecoSAM Global Gender Equality Equities I EUR

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 7.14%. Over the last month, the fund strongly outperformed the MSCI World. Stock selection made a positive contribution, State Street, for example, delivered a very strong performance during the month on the back of very good Q3 figures, with the main highlights being strong growth momentum in its custody business, the performance of Charles River, and the company's cost discipline. Furthermore, Croda International is again one of the top performers, driven by the ongoing high demand for lipid systems used in vaccines and therapeutic drugs. Our lack of exposure to communication services contributed positively as well. Alongside Tesla, which we do not own, Mastercard was one of the biggest detractors. The stock slumped around the end of October on the back of Visa's warning about the slow recovery in cross-border travel and Fiserv's comment regarding a slowdown in e-commerce volumes. However, Mastercard posted good Q3 results and remains a key holding, as we expect the company to reap the benefits of improving trends in inbound US travel going forward.

Statistics

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Market development

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Global equity markets enjoyed a very strong October, driven by a powerful rebound in both the US and Europe, while Asian indices lagged. With inflation worries getting a lot of attention, investors cut fixed income exposure in favor of equities, once again reinforcing the 'TINA' trade ('there is no alternative'). Earnings results across the board were more resilient than many expected, although supply chain worries will clearly continue and ripple effects from the energy crunch will negatively impact global growth down the road. As a consequence, central banks will likely become more hawkish sooner rather than later, adding fuel to the broadening of market leadership into the value segment of the market; most noteworthy, the financials sector.

Fund allocation

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Name Sector Weight
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Currency policy

The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.

Dividend policy

In principle the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.

ESG Integration policy

RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.

Investment policy

RobecoSAM Global Gender Equality Equities Strategy is an actively managed fund that invests globally in companies that are leaders in promoting gender diversity and equality. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to create a positive societal impact by investing in companies that exhibit a high degree of gender equality and that actively promote gender equality. The fund integrates ESG (i.e. Environmental, Social and corporate Governance) in the investment process, applies an exclusion list basis controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) while avoiding investment in thermal coal, weapons, military contracting and companies that severely violate labor conditions, next to voting and engaging.The strategy integrates sustainability criteria as part of the stock selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of the eligible investment universe that includes companies with superior Gender Scores. The internally developed Gender Score comprises various criteria, such as board diversity, equal renumeration, talent management or employee well-being. Companies that exhibit an inferior overall ESG assessment are exluced from the investent universe.The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the sustainable objective of the fund.

Risk policy

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

Sustainability profile

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Exclusions++

Full ESG Integration

Voting & Engagement

ESG Target

Footprint target Exclusion based on negative screening
↓20% ≥20%

Target Universe

Gender Equality

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The Gender Equality score displays the portfolio's scores for a subset of questions covering the topic of gender equality from multiple angles (from board diversity through executive compensation to workforce diversity). The Total Gender Score is comprised of these question scores and is provided at the center of the chart. If an index has been selected, additional alerts appear below the question name to highlight relative performance with respect to gender equality.

CGF GIGE_20211031-CGF GIGE_20211031-genderEquality.png

ESG Score

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The portfolio ESG score (and E,S and G score) is calculated by multiplying the RobecoSAM Smart ESG Score of each holding by its respective portfolio or index weight. The same methodology is applied in calculating the key ESG Criterion scores. The scores of the portfolio are provided alongside the scores of the index, highlighting the portfolio’s relative sustainability. The colors indicate the score of the portfolio, whilst the shading shows the index.

CGF GIGE_20211031-CGF GIGE_20211031-smartESGScoreTotal.png CGF GIGE_20211031-CGF GIGE_20211031-smartESGScoreDimensions.png CGF GIGE_20211031-CGF GIGE_20211031-keySmartESGCriteria.png

Environmental Footprint

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The RobecoSAM footprint ownership of the portfolio expresses the total resource consumption the portfolio finances. Each company's footprint is calculated by normalizing resources consumed by the company's enterprise value. Multiplying these values by the dollar amount invested in each company yields the aggregate footprint ownership figures. The selected index's footprint (for an equivalent $ amount invested in corporates) is provided alongside. The portfolios score is shown in blue and the index in grey.

CGF GIGE_20211031-CGF GIGE_20211031-footprintOwnershipCo2.png
Robeco data based on Trucost data. *
CGF GIGE_20211031-CGF GIGE_20211031-footprintOwnershipWaste.png
Source: Data based on RobecoSAM impact data.
CGF GIGE_20211031-CGF GIGE_20211031-footprintOwnershipWater.png
Source: Data based on RobecoSAM impact data.
* Source: S&P Trucost Limited © Trucost 2021. All rights in the Trucost data and reports vest in Trucost and/or its licensors. Neither Trucost, not its affliates, nor its licensors accept any liability for any errors, omissions, or interruptions in the Trucost data and/or reports. No further distribution of the Data and/or Reports is permitted without Trucost's express written consent.

ESG integration policy

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RobecoSAM Gender Equality Impact Equities invest in companies that are leading with regard to the promotion of gender equality. It employs systematic, bottom-up stock selection that combines proprietary Environmental, Social & Governance (ESG) data and research throughout the investment process. ESG criteria for exclusions and fund-specific suitability are applied during universe construction. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases. A dedicated thematic equity team incorporate SI research within fundamental analysis and stock valuations. Impact assessments of controversial incidences affecting portfolio holdings provide additional risk management. An active ownership and engagement team interacts directly with company management of fund holdings, offering additional channels for sustainable impact.

Expectation of fund manager

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We maintain a long-term positive outlook for developed market equities. We think that macro risks are increasing, as the US Federal Reserve has indicated it wants to start tapering, i.e. reduce the pace of its balance sheet expansion, in November. The first rate hikes have been signaled for the second half of 2022 or the first half of 2023. Meanwhile, global earnings revisions are likely peaking out, after a very strong post-pandemic rebound. In our view, the risk of a near-term correction has risen due to ongoing inflation concerns, China's unprecedented regulatory crackdown, the tapering announcement, and 'tax and spend' prospects in the US. However, valuations do not strike us as excessive. We also think that technical analysis is still supportive and that sentiment is not overly bullish.

Michiel Plakman, CFA, Audrey Kaplan
Michiel Plakman, CFA, Audrey Kaplan

Michiel Plakman, CFA, Audrey Kaplan

Michiel Plakman is Lead Portfolio Manager for Robeco's Sustainable Global Stars Equities strategy and he focuses on Information Technology, Real Estate and portfolio construction. He has been in this role since 2009. Previously, he was responsible for managing the Robeco IT Equities fund within the TMT team. Prior to joining Robeco in 1999, he worked as a Portfolio Manager Japan at Achmea Global Investors (PVF Pensioenen). From 1995 to 1996 he was Portfolio Manager European Equities at KPN Pension Fund. He holds a Master's in Econometrics from Vrije Universiteit Amsterdam and he is a CFA® charterholder. Audrey Kaplan is a Portfolio Manager for Robeco’s Sustainable Global Stars Equities strategy and focuses on Financials, Consumer Staples and on portfolio construction. She joined Robeco in 2021. Previously, she was Head of Global Equity Strategy at Wells Fargo Investment Institute (NY). Prior to joining Wells Fargo, she worked as Head of International Equity Team and Senior Portfolio Manager at Federated Investors, Inc. (NY, now known as Federated Hermes). She also held roles in European research at Merrill Lynch International (London) and in Asian research at Salomon Brothers, Inc. (Tokyo) earlier in her career. She holds a Master's in Finance from London Business School and a Bachelor’s in Computer & Systems Engineering from Rensselaer Polytechnic Institute.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU2145459777
BloombergRSGGIEA LX
Valoren55666752
WKNA2QD2H
Availability
1st quotation date1603929600000
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

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max entry fee
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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.

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