RobecoSAM Smart Materials Equities I GBP
- Forward-looking concept — Focus on companies that benefit from structural changes resulting from resource scarcity. The fund invests in companies offering products and services that substitute existing materials and processes
- Focus areas — Invests in structural winners along the materials value chain. The most interesting and fastest-growing focus areas are electric mobility, robotics and lightweight materials.
Effective October 29th 2020, selected RobecoSAM equity funds were merged onto the RCGF SICAV platform and received new inception dates, share classes, and ISIN codes.
More information
About this fund
Price development
Performance
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundPerformances.date,'llll') ]}}| Fund | Reference index | |
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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 13.26%. The strategy's performance was well above both the general market and the materials sector. Particular strength came from energy storage companies such as Albemarle and Livent, after strong performance in October. Furthermore, lightweight materials companies such as Solvay and Hexcel also benefited from improving sentiment and resumption of production for the Boeing 737-MAX. Smart Manufacturing also performed well, with particular strength from Onto Innovation and Teradyne. 3D Software specialist PTC continued with a strong outlook, and modular 3D construction company DIRTT also performed well. Functional Materials also did well, with aluminum specialist Constellium continuing to grow after delivering better-than-expected numbers last month. Efficient Building Materials were still slightly softer, after delivering a strong performance previously.
Statistics
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Market development
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundInvestmentExplanations.date,'llll') ]}}In Smart Materials, the year-to-date performance includes positive contributions from Energy Storage Materials on stabilizing lithium prices and Smart Manufacturing, with strong performance from Automation and Process Control. Strategic Metals and Lightweighting contributed negatively over the period but are rebounding fast.
Fund allocation
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundAllocations.date,'llll') ]}}| Name | Sector | Weight |
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Fund Classification
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| Yes | No | N/A | ||
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| Sustainability Themed Fund |
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
The RobecoSAM Smart Materials Equities strategy focuses on innovative materials and process technologies that help optimize the use of limited natural resources within industries while still supporting economic growth. 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 theme-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
The RobecoSAM Smart Materials Fund provides investors with a future-oriented approach that goes beyond simply investing in natural resources. The strategy focuses on innovative materials that substitute traditional ones and process technologies that deliver efficiency gains in resource extraction, processing, and usage. These are the very mechanisms that have enabled humankind to cope with population and economic growth in a resource-constrained world over time. As we continue to deplete our stock of finite resources and environmental issues intensify, this is undoubtedly the investment approach of the future for the materials sector. The fund predominantly invests in materials, industrials and IT companies.
Risk policy
Risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.
Expectation of fund manager
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}Strong secular growth themes related to decreased emissions (net-zero targets) and more efficient materials and production techniques (e.g. smart manufacturing) are impacting their respective sectors. More specifically, efficient building materials, 3D software, the Internet of Things and robotics companies are presenting attractive investment opportunities. In the recycling and circular systems investment cluster, which focuses on reusing, recycling and repurposing plastics, attractive opportunities are leading to more circular business models.
Pieter Busscher, CFA
Pieter Busscher is a Senior Portfolio Manager responsible for managing the RobecoSAM Smart Materials Equities strategy. Drawing from his extensive investment experience, he seeks to discover companies applying ideas from the fields of materials science, applied technologies & engineering, to optimize industrial production and address the global challenge of scarce resources. Prior to joining Robeco, he provided sales support for private clients at Credit Suisse Asset Management in Zurich. In addition, he was an instructor of options and investment theory with the B&R Beurs Investment Study Association in Rotterdam. He studied International Business Administration at RSM Erasmus University in Rotterdam, Banking and Finance at the University of St. Gallen (Switzerland), and is a CFA Charterholder. He joined Robeco in 2007.
Details
{{'fund.detail.general.perDate' | labelize:[ fundDate(fund.fundFacts.date,'llll') ]}}| Management company | |
| Fund capital | |
| Size of share class | |
| Outstanding shares | |
| ISIN | LU2145464850 |
| Bloomberg | RSSMIGA LX |
| Valoren | 55753283 |
| WKN | A2QD20 |
| Availability | |
| 1st quotation date | 1603929600000 |
| Close financial year | 31-12 |
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Cost of this fund
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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.
