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RobecoSAM Sustainable Food Equities D USD

Reference index: MSCI World Index TRN
ISIN: LU0594694878
  • Long-term growth potential — Innovation and disruption in the food value chain are only at its beginning. New technologies and consumption shifts create efficiency gains and new growth markets. Sustainability assessment — Additional to the RobecoSAM standard exclusions, theme specific sustainability topics. Direct engagement with companies further aims to improve companies ESG profile and competitive positioning.
  • Sustainability assessment — Additional to the RobecoSAM standard exclusions, theme specific sustainability topics. Direct engagement with companies further aims to improve companies ESG profile and competitive positioning.
Assets class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

RobecoSAM Sustainable Food Equities invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The Fund focuses on investment opportunities arising from the ongoing food sector transformation. The management team aims to identify and invest in market leaders, which offer sustainable solutions for food quality and security, automation and processing, resource utilization, and consumer demand shifts. By combining RobecoSAM thematic research expertise with sustainability analysis, ESG criteria are fully integrated along the investment process across key sustainable food areas. An in-house Sustainability Investing (SI) research team integrates financially-material sector and company-specific sustainability analysis into investment cases.

Price development

No performance data available

Price development

RobecoSAM Sustainable Food Equities D 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.

Statistics

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Market development

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Stock markets edged higher in March, completing the best quarter since 2010. This mirror image of 18Q4 was also created by the Fed's surrender on further rate hikes and the inversion of the US yield curve. The food sector and the fund gained along with the markets, although the fund was not up as much. The slow start to the spring season, high corn inventories and flooding in the Midwest has tamed investor’s appetite for farm-input exposure in Q1. However, over the course of the year things could change, if adverse planting conditions were to cut supply. More importantly, a trade deal with China could unleash significant demand for US agricultural products. The need to step up food automation in the restaurant space is gaining momentum. With the upward trend of minimum wages becoming a substantial headwind for operating margins, related investments become more logical from an economic perspective. On the food packaging side, the ProFood Tech conference provided more insights into the increasing importance of sustainable packaging, also fueled by the rising debate around single-use plastics. Companies able to deliver higher recyclability or lightweight packaging are set to lead this trend.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
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Sustainability Themed Fund

Currency policy

The fund is allowed to pursue an active currency policy to generate extra returns.

Dividend policy

The fund does not distribute dividend; any income earned is retained, and so the fund's entire performance is reflected in its share price.

ESG Integration policy

For RobecoSAM Sustainable Food Equities, the initial universe consists of companies that offer products and services related to the global food sector. By combining RobecoSAM thematic research expertise with sustainability analysis, ESG criteria are fully integrated along the investment process across key sustainable food areas. Specialized sustainability screens for the food sector that assess extra-financial data (e.g. animal welfare, plant protection chemicals, forestry certification etc.) are applied as part of the due diligence process. In addition, voting and engagement practices form an integral part of the strategy’s investment process. By collaborating closely with internal engagement specialists, the investment management team places emphasis on having constructive dialogues with food companies to encourage sustainable business practices.

Investment policy

Our investment philosophy is grounded in the core belief that the integration of ESG factors into a disciplined, research-driven investment process leads to better-informed investment decisions and better risk-adjusted returns through an economic cycle. Building on our proprietary data and research, we identify companies that generate a competitive advantage through sound business practices, efficiency improvements, and the creation of new solutions for the myriad challenges facing society over the coming decades. Taking a long-term investment perspective, we analyze companies’ business models, market positioning and growth potential, and evaluate their financial performance and valuation. Based on this fundamental assessment, we seek to uncover attractive investment opportunities and implement them in concentrated, conviction-based equity portfolios.

Risk policy

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

Expectation of fund manager

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Recession fears are creeping back into the markets. Soft macroeconomic data points increase the risk for current corporate earnings projections. On a positive note, with the Fed having made a complete U-turn in a very short period of time, monetary support from the central banks seems reassured. In such an environment, it becomes particularly important to focus on companies with resilient business fundamentals and sustainable cash flows. We consider providers of mechanization and digitization solutions on the farm and in food production and logistics to be the major beneficiaries. Moreover, we expect the ongoing consumer shift towards more conscious eating to create new opportunities for investors in the foreseeable future.

Holger Frey, CAIA
Holger Frey, CAIA

Holger Frey, CAIA

Holger Frey is a Senior Portfolio Manager responsible for managing the RobecoSAM Sustainable Food Strategy. Prior to joining RobecoSAM, Holger worked for 10 years as a Portfolio Manager and Analyst for Sustainable Equities at Deutsche Asset & Wealth Management. In this role he was also responsible for the DWS Agriculture Index and the DWS Water Sustainability Fund. Prior to that, he worked for 2 years as a financial services consultant for KPMG Consulting/Bearing Point in the Asset Wealth Management Practice Group and as a graduand at KfW Bankengruppe. He holds a Bachelor’s degree in Computer Science and Media from the University of Applied Sciences in Fulda (Germany), a Bachelor’s of Arts degree in Musicology from the Johann Wolfgang Goethe University in Frankfurt, and is a Chartered Alternative Investment Analyst (CAIA). He joined RobecoSAM in 2016.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU0594694878
BloombergROBAGDU LX
Valoren12534815
WKNA2DPWL
Availability
1st quotation date1298592000000
Close financial year31-12
Legal status
Tracking error limit (%)
Morningstar
Reference index

Cost of this fund

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This fund deducts ongoing charges of
These charges comprise
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The expected transaction costs are

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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 0.05% 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

The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise 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.

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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